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2023-12-31-accounts

REGISTERED CHARITY NUMBER: 326879

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

RADSTOCK MINISTRIES

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RADSTOCK MINISTRIES

CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 DECEMBER 2023

Page
Reference and Administrative Details 1
Report of the Trustees 2 �o 4
Independent E�aminer's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 �o 19

RADSTOCK MINISTRIES

REFERENCE AND ADMINISTRATIVE DETAILS for the Year Ended 31 DECEMBER 2023

TRUSTEES

PRINCIPAL ADDRESS

DE23 6RS

REGISTERED CHARITY NUMBER 326879

INDEPENDENT EXAMINER

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Page 1

RADSTOCK MINISTRIES

REPORT OF THE TRUSTEES for the Year Ended 31 DECEMBER 2023

and
adopted the provisions of Accounting
Reporting by Charities: Statement		 Statement Statement of Recommended Recommended Recommended Recommended Practice applicable applicable applicable applicable to charities charities charities charities
Financial
preparing their accounts in accordance with the
Reporting Standard		 applicable in
the		 UK and
Republic		 of (FRS
Ireland		 (FRS
102) (effective 1 January 2019).
OBJECTIVES AND AIMS
The principal activity throughout the period under reviewwas that ofthe advancement ofthe Christian faith. Radstock Ministries is
apartnership oflocal churches which are committed to makingknown the good news ofJesus and demonstrating God's kingdom by
sustainable social action as they encourage, support and strengthen each other.
ACHIEVEMENTS AND PERFORMANCE
Charitable activities
While
being
also
appointed to Radstock (International)’s Executive Director role, Anthony Adams		 continued lead
to		 in
delivering
Radstock’s strategic priorities in the Northern Europe region, including holding a
regional		 online
forum		 in January and visiting
Bielsko-Biala Free Church, Poland, seeing theirwork amongst Ukrainianrefugees andhow funds raised in2023 were used.
Other regional development included meeting with representatives ofchurches - including current partners, potential partners, and and
(re-)connections with churches with recentpersonnel changes:
Grace Church, Manchester
Christ Church Central, Sheffield
Woodlands Church, Derby
Devonshire Road Christian Fellowship, Liverpool
St Giles Church, Derby
Jubilee Church, Derby
ChristChurch, Redbourn
St Cuthbert’s, Wood Green, London
Aigburth CommunityChurch, Liverpool
Speke Baptist Church, Liverpool
Anthony Adams also met with long-term mission associate Paul Williams, and - with Ashley McKnight (Regional Administrator) -
facilitated aspects of recruiting new mission associate, Amy Paterson, and a
establishing		 Partnership Agreement between her
sending and receiving churches.
Northern Europe churches were well represented at the fortnightly (international) online prayer zoom calls, and the International
Round Table inTetovo NorthMacedonia inNovember - cementing existing partnerships and support, and openingup upnew new channels
for collaboration.
New Partner Churches and Associates
UK& Ireland
Amy Patterson - mission associate with Christ Church Central Sheffield (UK), sentby by Carrigaline Baptist Church (Ireland)
Craig Maiden - mission associate with Kinsale Baptist Church (Ireland)
Poland
Bielsko-Bala Free Church
In 2024
it will remain a priority to establish more regular contact between regional partner churches, as well		 and
as building more		 and
deeper connections with the wider Radstock network.
Trustees and Leadership

Page 2

RADSTOCK MINISTRIES

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REPORT OF THE TRUSTEES
for the Year Ended 31 DECEMBER 2023
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Although Radstock is an organic network at heart, and our primary activities are structured around project-based church
partnerships, we also have an organisational structure designed to develop the network, promote cohesion and provide “back office”
administrative services.
The appointment of new Trustees is considered by the existing Trustees to ensure that the board of Trustees has the appropriate skill
sets to carry out its responsibilities. The induction process of new Trustees includes initial meetings at which the new Trustee is
briefed, given background information documents, inducted into UK procedures and, where appropriate, given a specific job
description. New trustees are provided with a copy of the Charity’s most recent annual financial statements and other relevant
documents.
The Board continued to provide strong, relational leadership in 2023, benefitting from a mix of experience and skill-sets even
across our small number. Governance tasks have included evaluating our performance and policies in line with the Charities
Commission Hallmark; considering our employee/contractor needs; collaborating with Altin Kurraj, Radstock Balkans Director, to
obtain the full and final paperwork certifying ownership of the flat in Durres, Albania (a generous gift to us in 2012). We hope to
recruit more trustees in 2024.
The trustees are thankful for Anthony Adams’ leadership as regional director, and the work in support roles of Ashley McKnight,
Alex Collins, Marco Hipwell and volunteers who give generously of their time and skills.
FINANCIAL REVIEW
Financial position
Fundraising to keep up with the personnel needs and strategic aims of the network remained a challenge. Careful oversight, and
spending adjustments during the year, from the Regional team and trustees ensured expenditure was not significantly beyond
income, and well within available reserves.
While we received notification of a generous legacy expected sometime in 2024, the trustees and team continue to review
sustainable expenditure and ways to encourage all network churches to establish financial contributions as part of their participation
in Radstock.
The trustees confirm that they have referred to the guidance contained in Charity Commission’s general guidance on public benefit
when setting their grant making policy for the year, in line with the charity’s aims and objectives.
Reserves policy
It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which equates to
approximately two months’ unrestricted expenditure. In previous years the charity have aimed to keep reserve level which equates
to approximately three months however changed this during the year as they believe two month provides sufficient funds to cover
management, administration and support costs. Unrestricted funds were maintained at this level throughout the year.
Restricted and unrestricted funds held at 31 December 2023 were £301,353 and £51,353 (2022: £57,597 and £56,931) respectively.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Radstock Ministries is a Registered Charity (reg. no. 326879) formed under a Trust Deed with Trustees who are incorporated as a
body.
Trustees and leadership
The appointment of new Trustees is considered by the existing Trustees to ensure that the board of Trustees has the appropriate skill
sets to carry out its responsibilities. The induction process of new Trustees comprises an initial meeting at which the new Trustee is
briefed, given background information documents listed in the Radstock Trustee Orientation document, inducted into US and UK
procedures and given a specific job description. New trustees are provided with a copy of the Charity's most recent annual financial
statements and other relevant documents.
Although Radstock is an organic network at heart, and our primary activities are structured around project-based church
partnerships, we also have a framework structure designed to develop the network, promote cohesion and provide "back office"
administrative services.
Page 3
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RADSTOCK MINISTRIES

REPORT OF THE TRUSTEES for the Year Ended 31 DECEMBER 2023

STRUCTURE, GOVERNANCE AND MANAGEMENT

Risk management The trustees examine the major risks which the charity faces each year when preparing the financial review, and regularly make re-assessments on an ongoing basis at periodic trustee meetings. The trustees confirm that systems have been established to enable regular reports to be —_ produced so that the necessary steps can be _ taken to lessen these risks. The Trustees confirm that the major been and been

...............................................................................

Page 4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF RADSTOCK MINISTRIES

I report to the charity trustees on my examination of the accounts of Radstock Ministries (the Trust) for the year ended 31 December 2023. Responsibilities and basis of report As the charity trustees of the Trust you are responsible for the preparation of _ the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of _ the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act. Independent examiner's statement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of | Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a _ true and fair view

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Page 5

RADSTOCK MINISTRIES

STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 DECEMBER 2023

2023
2022
Unrestricted Restricted Total
Total
funds funds funds
funds
Notes £ £ £
£
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 38,075 242,313 280,388
295,412
EXPENDITURE ON
Charitable activities 3
Costs ofactivities in furtherance ofthe objects ofthe
ministry 43,552 231,379 274,931
277,908
NET INCOME/(EXPENDITURE) (5,477) 10,934 5,457
17,504
Transfers between funds 12 (101) 101 -
-
Net movement in funds (5,578) 11,035 5,457
17,504
RECONCILIATION OF FUNDS
Total funds brought forward 56,931 57,597 114,528
97,024
TOTAL FUNDS CARRIED FORWARD 51,353 68,632 119,985
114,528

Page 6

RADSTOCK MINISTRIES

BALANCE SHEET 31 DECEMBER 2023

2023 2022
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
FIXED ASSETS
Tangible assets 9 46,815 - 46,815 46,835
CURRENT ASSETS
Debtors 10 1,855 3,300 5,155 2,270
Cash at bank 3,706 65,332 69,038 66,308
CREDITORS 5,561 68,632 74,193 68,578
Amounts falling due withinone year 11 (1,023) - (1,023) (885)
NET CURRENT ASSETS 4,538 68,632 73,170 67,693
TOTAL ASSETS LESS CURRENT LIABILITIES TOTAL ASSETS LESS CURRENT LIABILITIES 51,353 68,632 119,985 114,528
NET ASSETS 51,353 68,632 119,985 114,528
FUNDS 12
Unrestricted funds 51,353 56,931
Restricted funds 68,632 57,597
TOTAL FUNDS 119,985 114,528

.............................................

Page 7

RADSTOCK MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 DECEMBER 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

Fund accounting

Debtors, cash and creditors Debtors

Page 8

RADSTOCK MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 DECEMBER 2023

1. ACCOUNTING POLICIES - continued
Debtors, cash and creditors
Cash at bank and in hand
Cash atbankrepresents the balance inthe bank as at the year end which includes both restricted and unrestricted funds.
Creditors
Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result
the transfer offunds to a third party and the amount due to settle the obligation can be measured or estimated reliably.
The charity only has financial assets and financial liabilities ofa kind that qualify as basic financial instruments.
2. DONATIONS AND LEGACIES
2023 2022
£ £
Donations 280,388 295,412
3. CHARITABLE ACTIVITIES COSTS
Costs ofactivities in furtherance ofthe Direct
Costs (see
note 4)
£		 Support
costs (see
note 5)
£		 Totals
£
objects ofthe ministry 254,668 20,263 274,931
4. DIRECT COSTS OF CHARITABLE ACTIVITIES
Staffcosts 2023
15,640
£		 2022
15,640
£
Designated fundpayments 231,379 248,536
Property expenditure 7,649 -
254,668 264,176
5. SUPPORT COSTS
Costs ofactivities in furtherance ofthe objects of Management
£		 Governance
costs
£		 Totals
£
theministry 18,259 2,004 20,263

Page 9

RADSTOCK MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 DECEMBER 2023

6. TRUSTEES' REMUNERATION AND BENEFITS

7. STAFF COSTS

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENTS FROM
Donations and legacies 31,077
264,335
295,412
EXPENDITURE ON
Charitable activities
Costs ofactivities in furtherance ofthe objects of
the ministry 29,372
248,536
277,908
NET INCOME 1,705
15,799
17,504
Transfers between funds (116)
116
-
Net movement in funds 1,589
15,915
17,504
RECONCILIATION OF FUNDS
Total funds brought forward 55,342
41,682
97,024
TOTAL FUNDS CARRIED FORWARD 56,931
57,597
114,528

Page 10

RADSTOCK MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 DECEMBER 2023

9. TANGIBLE FIXED ASSETS

10.

11.

F�eehold
Comp��e�
p�ope���
eq�ipmen�
�
�
COST
A� 1 Jan�a�� 2023 and 31 Decembe� 2023
46,770
800
DEPRECIATION
A� 1 Jan�a�� 2023
-
735
Cha�ge fo� �ea�
-
20
A� 31 Decembe� 2023
-
755
NET BOOK VALUE
A� 31 Decembe� 2023
46,770
45
A� 31 Decembe� 2022
46,770
65
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
�
O�he� deb�o��
1,680
Acc��ed income
3,475
5,155
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023
�
O�he� c�edi�o��
1,023		 To�al�
�
47,570
735
20
755
46,815
46,835
2022
�
-
2,270
2,270
2022
�
885

con�in�ed...

Page 11

RADSTOCK MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 DECEMBER 2023

12. MOVEMENT IN FUNDS

Unrestricted funds
Gene�al f�nd
Fi�ed a��e� f�nd
Restricted funds
Ich�h��
P. William�
A���� T��hi
RC14. 11
Pa�lin Velicek�
S & K Halilaj
G. Beg�
M�anma�
K. Callaghan
F & M Zenelaj
Edi Gjoni
Sam Gold�mi�h
Seed�ime Mongolia �pecial p�ojec��
Sch�oede�
AK Coali�ion
A. Adam�
Albania
B. Jo�e
Go��i�a�
S. A���ood
Balkan�
KIEV
U�ban Life Ch��ch De�b�
K�i��ian Ko�o��i
Ch��ch Plan�e� T�aining Te�o�o
Gjilan Ko�o�o
Iceland
Richa�d and Naomi G�indle�
T�a�el �o R���ia
Alan Gile�
Ch��ch Plan�e� T�aining Academ� F�nd
Oggie Choilam��
Cambodia
G�eg Reade�
Ili� & Megan S�ambolli�
Uk�aine appeal 2022
Seed�ime
Kin�ale �o�nd �able�
Ad� f�nd�ai�ing
Kin�ale Bap�i�� Ch��ch
Am� Pa��e��on
C�aig & Hea�he� Maiden		 A� 1.1.23
�
10,096
46,835
56,931
183
3,949
430
559
749
615
322
2,319
4
3,196
87
64
297
190
9,767
3,752
562
3,930
285
4,683
135
51
460
20
5
916
36
604
950
269
252
5
3,902
-
356
8,961
2,944
1,723
65
-
-
-
57,597		 Ne�
mo�emen�
in f�nd�
�
(5,457)
(20)
(5,477)
-
(2,596)
(28)
-
-
(216)
138
(78)
-
(2,910)
-
119
923
-
11,926
(1,937)
95
3,162
225
(3,981)
(135)
-
(561)
-
-
(15)
432
(263)
-
-
-
-
(2,290)
212
285
(5,458)
(1,935)
525
95
720
14,349
131
10,934		 T�an�fe��
be��een
f�nd�
�
(101)
-
(101)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
101
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
101		 A�
31.12.23
�
4,538
46,815
51,353
183
1,353
402
559
749
399
460
2,241
4
286
87
183
1,220
190
21,693
1,815
657
7,092
510
702
-
51
-
20
5
901
468
341
950
269
252
5
1,612
212
641
3,503
1,009
2,248
160
720
14,349
131
68,632

con�in�ed...

Page 12

RADSTOCK MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 DECEMBER 2023

12. MOVEMENT IN FUNDS - continued

TOTAL FUNDS
114,528
Ne� mo�emen� in f�nd�, incl�ded in �he abo�e a�e a� follo��:
Unrestricted funds
Gene�al f�nd
Fi�ed a��e� f�nd
Restricted funds
P. William�
A���� T��hi
Pa�lin Velicek�
S & K Halilaj
G. Beg�
M�anma�
F & M Zenelaj
Sam Gold�mi�h
Seed�ime Mongolia �pecial p�ojec��
AK Coali�ion
A. Adam�
Albania
B. Jo�e
Go��i�a�
S. A���ood
Balkan�
U�ban Life Ch��ch De�b�
Gjilan Ko�o�o
Iceland
Richa�d and Naomi G�indle�
Cambodia
G�eg Reade�
Ili� & Megan S�ambolli�
Uk�aine appeal 2022
Paki��an Eme�genc� Relief
Seed�ime
Kin�ale �o�nd �able�
Ad� f�nd�ai�ing
Kin�ale Bap�i�� Ch��ch
Am� Pa��e��on
C�aig & Hea�he� Maiden
TOTAL FUNDS		 5,457
Incoming
�e�o��ce�
�
38,075
-
38,075
9,840
6,919
7,155
4,233
3,760
1,180
10,376
125
2,328
45,300
43,762
100
16,638
250
14,286
-
5,929
1,200
480
662
4,984
417
300
2,795
43
25,021
9,716
95
800
18,494
5,125
242,313
280,388		 -
119,985
Re�o��ce�
Mo�emen�
e�pended
in f�nd�
�
�
(43,532)
(5,457)
(20)
(20)
(43,552)
(5,477)
(12,436)
(2,596)
(6,947)
(28)
(7,155)
-
(4,449)
(216)
(3,622)
138
(1,258)
(78)
(13,286)
(2,910)
(6)
119
(1,405)
923
(33,374)
11,926
(45,699)
(1,937)
(5)
95
(13,476)
3,162
(25)
225
(18,267)
(3,981)
(135)
(135)
(6,490)
(561)
(1,215)
(15)
(48)
432
(925)
(263)
(7,274)
(2,290)
(205)
212
(15)
285
(8,253)
(5,458)
(43)
-
(26,956)
(1,935)
(9,191)
525
-
95
(80)
720
(4,145)
14,349
(4,994)
131
(231,379)
10,934
(274,931)
5,457

con�in�ed...

Page 13

RADSTOCK MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 DECEMBER 2023

12. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Ne� T�an�fe��
mo�emen� be��een A�
A� 1.1.22 in f�nd� f�nd� 31.12.22
� � � �
Unrestricted funds
Gene�al f�nd 8,468 1,744 (116) 10,096
Fi�ed a��e� f�nd 46,874 (39) - 46,835
Restricted funds 55,342 1,705 (116) 56,931
Ich�h�� 183 - - 183
P. William� 3,084 865 - 3,949
A���� T��hi 658 (228) - 430
RC14. 11 559 - - 559
Pa�lin Velicek� 633 116 - 749
S & K Halilaj 836 (221) - 615
G. Beg� 129 193 - 322
M�anma� 1,315 1,004 - 2,319
K. Callaghan 204 (200) - 4
F & M Zenelaj 2,272 924 - 3,196
Edi Gjoni 87 - - 87
Sam Gold�mi�h 46 18 - 64
Seed�ime Mongolia �pecial p�ojec�� 362 (65) - 297
Sch�oede� - 190 - 190
D. Sn�de� 426 (426) - -
AK Coali�ion 9,459 308 - 9,767
A. Adam� 1,705 2,047 - 3,752
Albania 562 - - 562
B. Jo�e 4,224 (294) - 3,930
Go��i�a� 60 225 - 285
S. A���ood 3,445 1,238 - 4,683
Balkan� 135 - - 135
KIEV 51 - - 51
U�ban Life Ch��ch De�b� 2,883 (2,423) - 460
K�i��ian Ko�o��i 20 - - 20
Ch��ch Plan�e� T�aining Te�o�o 5 - - 5
Gjilan Ko�o�o 736 180 - 916
Iceland 36 - - 36
Richa�d and Naomi G�indle� 2,288 (1,684) - 604
T�a�el �o R���ia 950 - - 950
Alan Gile� 269 - - 269
Ch��ch Plan�e� T�aining Academ� F�nd 252 - - 252
Oggie Choilam�� 5 - - 5
Cambodia 3,694 208 - 3,902
G�eg Reade� 71 (187) 116 -
Ili� & Megan S�ambolli� 38 318 - 356
Uk�aine appeal 2022 - 8,961 - 8,961
Seed�ime - 2,944 - 2,944
Kin�ale �o�nd �able� - 1,723 - 1,723
Ad� f�nd�ai�ing - 65 - 65

con�in�ed...

Page 14

RADSTOCK MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 DECEMBER 2023

12. MOVEMENT IN FUNDS - continued

41,682
TOTAL FUNDS
97,024
Compa�a�i�e ne� mo�emen� in f�nd�, incl�ded in �he abo�e a�e a� follo��:
Unrestricted funds
Gene�al f�nd
Fi�ed a��e� f�nd
Restricted funds
P. William�
A���� T��hi
Pa�lin Velicek�
S & K Halilaj
G. Beg�
M�anma�
K. Callaghan
F & M Zenelaj
Sam Gold�mi�h
Seed�ime Mongolia �pecial p�ojec��
Sch�oede�
D. Sn�de�
AK Coali�ion
A. Adam�
B. Jo�e
Go��i�a�
S. A���ood
U�ban Life Ch��ch De�b�
Gjilan Ko�o�o
Iceland
Richa�d and Naomi G�indle�
Cambodia
G�eg Reade�
Ili� & Megan S�ambolli�
Uk�aine appeal 2022
Paki��an Eme�genc� Relief
Seed�ime
Kin�ale �o�nd �able�
Ad� f�nd�ai�ing
TOTAL FUNDS		 15,799
17,504
Incoming
�e�o��ce�
�
31,077
-
31,077
12,710
7,527
5,083
4,133
1,040
1,560
-
14,833
106
1,123
200
-
27,033
38,693
14,280
250
21,419
4,740
1,200
5,480
25,020
1,456
292
333
28,450
8,998
34,699
3,612
65
264,335
295,412		 116
57,597
-
114,528
Re�o��ce�
Mo�emen�
e�pended
in f�nd�
�
�
(29,333)
1,744
(39)
(39)
(29,372)
1,705
(11,845)
865
(7,755)
(228)
(4,967)
116
(4,354)
(221)
(847)
193
(556)
1,004
(200)
(200)
(13,909)
924
(88)
18
(1,188)
(65)
(10)
190
(426)
(426)
(26,725)
308
(36,646)
2,047
(14,574)
(294)
(25)
225
(20,181)
1,238
(7,163)
(2,423)
(1,020)
180
(5,480)
-
(26,704)
(1,684)
(1,248)
208
(479)
(187)
(15)
318
(19,489)
8,961
(8,998)
-
(31,755)
2,944
(1,889)
1,723
-
65
(248,536)
15,799
(277,908)
17,504

con�in�ed...

Page 15

RADSTOCK MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 DECEMBER 2023

12. MOVEMENT IN FUNDS - continued

31.12.23

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |Unrestricted funds| |General|fund|8,468|(3,713)|(217)|4,538| |Fixed|asset|fund|46,874|(59)|-|46,815| |55,342|(3,772)|(217)|51,353| |Restricted funds| |Ichthus|183|-|-|183| |P.|Williams|3,084|(1,731)|-|1,353| |Artur|Tushi|658|(256)|-|402| |RC14. 11|559|-|-|559| |Paulin|Veliceku|633|116|-|749| |S & K Halilaj|836|(437)|-|399| |G.|Begu|129|331|-|460| |Myanmar|1,315|926|-|2,241| |K. Callaghan|204|(200)|-|4| |F & M Zenelaj|2,272|(1,986)|-|286| |Edi Gjoni|87|-|-|87| |Sam|Goldsmith|46|137|-|183| |Seedtime|Mongolia|special|projects|362|858|-|1,220| |Schroeder|-|190|-|190| |D.|Snyder|426|(426)|-|-| |AK|Coalition|9,459|12,234|-|21,693| |A.|Adams|1,705|110|-|1,815| |Albania|562|95|-|657| |B.|Jose|4,224|2,868|-|7,092| |Gostivar|60|450|-|510| |S.|Attwood|3,445|(2,743)|-|702| |Balkans|135|(135)|-|-| |KIEV|51|-|-|51| |Urban|Life|Church|Derby|2,883|(2,984)|101|-| |Kristian|Kotorri|20|-|-|20| |Church|Planter|Training|Tetovo|5|-|-|5| |Gjilan Kosovo|736|165|-|901| |Iceland|36|432|-|468| |Richard|and Naomi|Grindley|2,288|(1,947)|-|341| |Travel|to|Russia|950|-|-|950| |Alan|Giles|269|-|-|269| |Church|Planter|Training Academy Fund|252|-|-|252| |Oggie|Choilamts|5|-|-|5| |Cambodia|3,694|(2,082)|-|1,612| |Greg|Reader|71|25|116|212| |Tlir & Megan|Stambolliu|38|603|-|641| |-|-| |Ukraine|appeal|2022|3,503|3,503| |Seedtime|-|1,009|-|1,009| |Kinsale|round|tables|-|2,248|-|2,248| |Adv|fundraising|-|160|-|160| |-|720|-|720|

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Page 16

RADSTOCK MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 DECEMBER 2023

12.
MOVEMENT IN FUNDS - continued
Am� Pa��e��on
C�aig & Hea�he� Maiden
TOTAL FUNDS		 -
-
41,682
97,024		 14,349
131
26,733
22,961		 -
-
217
-		 14,349
131
68,632
119,985

con�in�ed...

Page 17

RADSTOCK MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 DECEMBER 2023

12. MOVEMENT IN FUNDS - continued

A c���en� �ea� 12 mon�h� and p�io� �ea� 12 mon�h� combined ne� mo�emen� in f�nd�, incl�ded in �he abo�e a�e a� follo��:

Unrestricted funds
Gene�al f�nd
Fi�ed a��e� f�nd
Restricted funds
P. William�
A���� T��hi
Pa�lin Velicek�
S & K Halilaj
G. Beg�
M�anma�
K. Callaghan
F & M Zenelaj
Sam Gold�mi�h
Seed�ime Mongolia �pecial p�ojec��
Sch�oede�
D. Sn�de�
AK Coali�ion
A. Adam�
Albania
B. Jo�e
Go��i�a�
S. A���ood
Balkan�
U�ban Life Ch��ch De�b�
Gjilan Ko�o�o
Iceland
Richa�d and Naomi G�indle�
Cambodia
G�eg Reade�
Ili� & Megan S�ambolli�
Uk�aine appeal 2022
Paki��an Eme�genc� Relief
Seed�ime
Kin�ale �o�nd �able�
Ad� f�nd�ai�ing
Kin�ale Bap�i�� Ch��ch
Am� Pa��e��on
C�aig & Hea�he� Maiden
TOTAL FUNDS		 Incoming
�e�o��ce�
�
69,152
-
69,152
22,550
14,446
12,238
8,366
4,800
2,740
-
25,209
231
3,451
200
-
72,333
82,455
100
30,918
500
35,705
-
10,669
2,400
5,960
25,682
6,440
709
633
31,245
9,041
59,720
13,328
160
800
18,494
5,125
506,648
575,800		 Re�o��ce�
Mo�emen�
e�pended
in f�nd�
�
�
(72,865)
(3,713)
(59)
(59)
(72,924)
(3,772)
(24,281)
(1,731)
(14,702)
(256)
(12,122)
116
(8,803)
(437)
(4,469)
331
(1,814)
926
(200)
(200)
(27,195)
(1,986)
(94)
137
(2,593)
858
(10)
190
(426)
(426)
(60,099)
12,234
(82,345)
110
(5)
95
(28,050)
2,868
(50)
450
(38,448)
(2,743)
(135)
(135)
(13,653)
(2,984)
(2,235)
165
(5,528)
432
(27,629)
(1,947)
(8,522)
(2,082)
(684)
25
(30)
603
(27,742)
3,503
(9,041)
-
(58,711)
1,009
(11,080)
2,248
-
160
(80)
720
(4,145)
14,349
(4,994)
131
(479,915)
26,733
(552,839)
22,961

con�in�ed...

Page 18

RADSTOCK MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 DECEMBER 2023

12. MOVEMENT IN FUNDS - continued
Transfers between funds
The
each balance
restricted fund balances are for the advancement of Christian faith,		 represents local churches which represents local churches which are
committed to making good news ofJesus and demonstrating God's kingdomby sustainable social action as they encourage,
support and strengthen.
13. CONTINGENT ASSET
As of31 December 2023, the charity has been notified ofapotential legacy receivable that could provide a future economic
and
benefit. However, the timing
amount of this legacy cannot be reliably estimated at this stage due to
uncertainties
regarding the asset’s distribution.
The
In accordance with the SORP, this legacy receivable has not been recognised as an asset in these financial statements.		 The
and
be
in
charity will continue to monitor developments,
the asset will		 recognised the accounts when full amount
reliably estimated.
In July 2024, the first distributionwas received for £250,000.
14. RELATED PARTY DISCLOSURES
and
Anthony Adams (Trustee)
Brian Jose (Executive director) both run projects for		 the charity in their roles as mission
associates. Details oftheir transactions can be seen in note 6 and note 12.
USA on behalf of
During the year $10,000 (£7,469) was paid to Brian Jose by Radstock
Radstock Ministries		 for his
deemed share ofthe flat. There are no amounts due to RadstockUSA atthe year end.
15. INDEPENDENT EXAMINER'S FEES
The independent examiner's fee forthe examination ofthe accounts forthe year ending 31 December 2023 is £1,000 (2022:
£900).
The independent examiner's fee fornon-IE services forthe year ending 31 December 2023 is £1,000 (2022: £840).
16. CONTINGENT LIABILITIES
BrianJosehadinvestedpersonalfundsinthefreeholdpropertyinordertorenderithabitable habitableatthetimeofpurchase and and in

Page 19