**REGISTERED CHARITY NUMBER: 326879** 

## **REPORT OF THE TRUSTEES AND** 

## **UNAUDITED FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED 31 DECEMBER 2023** 

## **FOR** 

## **RADSTOCK MINISTRIES** 

FKCA Limi�ed 260 - 270 B���e�field G�ea� Ma�ling� L��on Bedfo�d�hi�e LU2 8DL 



**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** 

LU2 8DL 

Page 1 



**RADSTOCK MINISTRIES** 

## **REPORT OF THE TRUSTEES for the Year Ended 31 DECEMBER 2023** 

|and<br>adopted the provisions of Accounting<br>Reporting by Charities: Statement|Statement|Statement of|Recommended|Recommended|Recommended|Recommended|Practice|applicable|applicable|applicable|applicable|to|charities|charities|charities|charities|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Financial<br>preparing their accounts in accordance with the<br>Reporting Standard||applicable||in<br>the||UK and<br>Republic||||of|(FRS<br>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<br>being<br>also<br>appointed to Radstock (International)’s Executive Director role, Anthony Adams|||||||continued||lead <br> to||in<br>delivering||||||
|Radstock’s strategic priorities in the Northern Europe region, including|holding a<br>regional||||online<br>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<br>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<br>it will remain a priority to establish more regular contact between regional partner churches, as well|||||||||and<br> as building more||||||and||
|deeper connections with the wider Radstock network.|||||||||||||||||
|**Trustees and Leadership**|||||||||||||||||



Page 2 



**RADSTOCK MINISTRIES** 


**----- Start of picture text -----**<br>
REPORT OF THE TRUSTEES<br>for the Year Ended 31 DECEMBER 2023<br>**----- End of picture text -----**<br>



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




## **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 

LU2 8DL 

Page 5 



## **RADSTOCK MINISTRIES** 

## **STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 DECEMBER 2023** 

|||||2023<br>2022|
|---|---|---|---|---|
|||Unrestricted|Restricted|Total<br>Total|
|||funds|funds|funds<br>funds|
||Notes|£|£|£<br>£|
|**INCOME AND ENDOWMENTS FROM**|||||
|Donations and legacies|2|38,075|242,313|280,388<br>295,412|
|**EXPENDITURE ON**|||||
|**Charitable activities**|3||||
|Costs ofactivities in furtherance ofthe objects ofthe|||||
|ministry||43,552|231,379|274,931<br>277,908|
|**NET INCOME/(EXPENDITURE)**||(5,477)|10,934|5,457<br>17,504|
|**Transfers between funds**|12|(101)|101|-<br>-|
|**Net movement in funds**||(5,578)|11,035|5,457<br>17,504|
|**RECONCILIATION OF FUNDS**|||||
|Total funds brought forward||56,931|57,597|114,528<br>97,024|
|**TOTAL FUNDS CARRIED FORWARD**||51,353|68,632|119,985<br>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<br>Costs (see<br>note 4)<br>£|Support<br>costs (see<br>note 5)<br>£|Totals<br>£|
||objects ofthe ministry|254,668|20,263|274,931|
|**4.**|**DIRECT COSTS OF CHARITABLE ACTIVITIES**||||
||Staffcosts||2023<br>15,640<br>£|2022<br>15,640<br>£|
||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<br>£|Governance<br>costs<br>£|Totals<br>£|
||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<br>264,335<br>295,412|
|**EXPENDITURE ON**||
|**Charitable activities**||
|Costs ofactivities in furtherance ofthe objects of||
|the ministry|29,372<br>248,536<br>277,908|
|**NET INCOME**|1,705<br>15,799<br>17,504|
|**Transfers between funds**|(116)<br>116<br>-|
|**Net movement in funds**|1,589<br>15,915<br>17,504|
|**RECONCILIATION OF FUNDS**||
|Total funds brought forward|55,342<br>41,682<br>97,024|
|**TOTAL FUNDS CARRIED FORWARD**|56,931<br>57,597<br>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<br>Comp��e�<br>p�ope���<br>eq�ipmen�<br>�<br>�<br>**COST**<br>A� 1 Jan�a�� 2023 and 31 Decembe� 2023<br>46,770<br>800<br>**DEPRECIATION**<br>A� 1 Jan�a�� 2023<br>-<br>735<br>Cha�ge fo� �ea�<br>-<br>20<br>A� 31 Decembe� 2023<br>-<br>755<br>**NET BOOK VALUE**<br>A� 31 Decembe� 2023<br>46,770<br>45<br>A� 31 Decembe� 2022<br>46,770<br>65<br>**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>2023<br>�<br>O�he� deb�o��<br>1,680<br>Acc��ed income<br>3,475<br>5,155<br>**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>2023<br>�<br>O�he� c�edi�o��<br>1,023|To�al�<br>�<br>47,570<br>735<br>20<br>755<br>46,815<br>46,835<br>2022<br>�<br>-<br>2,270<br>2,270<br>2022<br>�<br>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**<br>Gene�al f�nd<br>Fi�ed a��e� f�nd<br>**Restricted funds**<br>Ich�h��<br>P. William�<br>A���� T��hi<br>RC14. 11<br>Pa�lin Velicek�<br>S & K Halilaj<br>G. Beg�<br>M�anma�<br>K. Callaghan<br>F & M Zenelaj<br>Edi Gjoni<br>Sam Gold�mi�h<br>Seed�ime Mongolia �pecial p�ojec��<br>Sch�oede�<br>AK Coali�ion<br>A. Adam�<br>Albania<br>B. Jo�e<br>Go��i�a�<br>S. A���ood<br>Balkan�<br>KIEV<br>U�ban Life Ch��ch De�b�<br>K�i��ian Ko�o��i<br>Ch��ch Plan�e� T�aining Te�o�o<br>Gjilan Ko�o�o<br>Iceland<br>Richa�d and Naomi G�indle�<br>T�a�el �o R���ia<br>Alan Gile�<br>Ch��ch Plan�e� T�aining Academ� F�nd<br>Oggie Choilam��<br>Cambodia<br>G�eg Reade�<br>Ili� & Megan S�ambolli�<br>Uk�aine appeal 2022<br>Seed�ime<br>Kin�ale �o�nd �able�<br>Ad� f�nd�ai�ing<br>Kin�ale Bap�i�� Ch��ch<br>Am� Pa��e��on<br>C�aig & Hea�he� Maiden|A� 1.1.23<br>�<br>10,096<br>46,835<br>56,931<br>183<br>3,949<br>430<br>559<br>749<br>615<br>322<br>2,319<br>4<br>3,196<br>87<br>64<br>297<br>190<br>9,767<br>3,752<br>562<br>3,930<br>285<br>4,683<br>135<br>51<br>460<br>20<br>5<br>916<br>36<br>604<br>950<br>269<br>252<br>5<br>3,902<br>-<br>356<br>8,961<br>2,944<br>1,723<br>65<br>-<br>-<br>-<br>57,597|Ne�<br>mo�emen�<br>in f�nd�<br>�<br>(5,457)<br>(20)<br>(5,477)<br>-<br>(2,596)<br>(28)<br>-<br>-<br>(216)<br>138<br>(78)<br>-<br>(2,910)<br>-<br>119<br>923<br>-<br>11,926<br>(1,937)<br>95<br>3,162<br>225<br>(3,981)<br>(135)<br>-<br>(561)<br>-<br>-<br>(15)<br>432<br>(263)<br>-<br>-<br>-<br>-<br>(2,290)<br>212<br>285<br>(5,458)<br>(1,935)<br>525<br>95<br>720<br>14,349<br>131<br>10,934|T�an�fe��<br>be��een<br>f�nd�<br>�<br>(101)<br>-<br>(101)<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>101<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>101|A�<br>31.12.23<br>�<br>4,538<br>46,815<br>51,353<br>183<br>1,353<br>402<br>559<br>749<br>399<br>460<br>2,241<br>4<br>286<br>87<br>183<br>1,220<br>190<br>21,693<br>1,815<br>657<br>7,092<br>510<br>702<br>-<br>51<br>-<br>20<br>5<br>901<br>468<br>341<br>950<br>269<br>252<br>5<br>1,612<br>212<br>641<br>3,503<br>1,009<br>2,248<br>160<br>720<br>14,349<br>131<br>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**<br>114,528<br>Ne� mo�emen� in f�nd�, incl�ded in �he abo�e a�e a� follo��:<br>**Unrestricted funds**<br>Gene�al f�nd<br>Fi�ed a��e� f�nd<br>**Restricted funds**<br>P. William�<br>A���� T��hi<br>Pa�lin Velicek�<br>S & K Halilaj<br>G. Beg�<br>M�anma�<br>F & M Zenelaj<br>Sam Gold�mi�h<br>Seed�ime Mongolia �pecial p�ojec��<br>AK Coali�ion<br>A. Adam�<br>Albania<br>B. Jo�e<br>Go��i�a�<br>S. A���ood<br>Balkan�<br>U�ban Life Ch��ch De�b�<br>Gjilan Ko�o�o<br>Iceland<br>Richa�d and Naomi G�indle�<br>Cambodia<br>G�eg Reade�<br>Ili� & Megan S�ambolli�<br>Uk�aine appeal 2022<br>Paki��an Eme�genc� Relief<br>Seed�ime<br>Kin�ale �o�nd �able�<br>Ad� f�nd�ai�ing<br>Kin�ale Bap�i�� Ch��ch<br>Am� Pa��e��on<br>C�aig & Hea�he� Maiden<br>**TOTAL FUNDS**|5,457<br>Incoming<br>�e�o��ce�<br>�<br>38,075<br>-<br>38,075<br>9,840<br>6,919<br>7,155<br>4,233<br>3,760<br>1,180<br>10,376<br>125<br>2,328<br>45,300<br>43,762<br>100<br>16,638<br>250<br>14,286<br>-<br>5,929<br>1,200<br>480<br>662<br>4,984<br>417<br>300<br>2,795<br>43<br>25,021<br>9,716<br>95<br>800<br>18,494<br>5,125<br>242,313<br>280,388|-<br>119,985<br>Re�o��ce�<br>Mo�emen�<br>e�pended<br>in f�nd�<br>�<br>�<br>(43,532)<br>(5,457)<br>(20)<br>(20)<br>(43,552)<br>(5,477)<br>(12,436)<br>(2,596)<br>(6,947)<br>(28)<br>(7,155)<br>-<br>(4,449)<br>(216)<br>(3,622)<br>138<br>(1,258)<br>(78)<br>(13,286)<br>(2,910)<br>(6)<br>119<br>(1,405)<br>923<br>(33,374)<br>11,926<br>(45,699)<br>(1,937)<br>(5)<br>95<br>(13,476)<br>3,162<br>(25)<br>225<br>(18,267)<br>(3,981)<br>(135)<br>(135)<br>(6,490)<br>(561)<br>(1,215)<br>(15)<br>(48)<br>432<br>(925)<br>(263)<br>(7,274)<br>(2,290)<br>(205)<br>212<br>(15)<br>285<br>(8,253)<br>(5,458)<br>(43)<br>-<br>(26,956)<br>(1,935)<br>(9,191)<br>525<br>-<br>95<br>(80)<br>720<br>(4,145)<br>14,349<br>(4,994)<br>131<br>(231,379)<br>10,934<br>(274,931)<br>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<br>**TOTAL FUNDS**<br>97,024<br>Compa�a�i�e ne� mo�emen� in f�nd�, incl�ded in �he abo�e a�e a� follo��:<br>**Unrestricted funds**<br>Gene�al f�nd<br>Fi�ed a��e� f�nd<br>**Restricted funds**<br>P. William�<br>A���� T��hi<br>Pa�lin Velicek�<br>S & K Halilaj<br>G. Beg�<br>M�anma�<br>K. Callaghan<br>F & M Zenelaj<br>Sam Gold�mi�h<br>Seed�ime Mongolia �pecial p�ojec��<br>Sch�oede�<br>D. Sn�de�<br>AK Coali�ion<br>A. Adam�<br>B. Jo�e<br>Go��i�a�<br>S. A���ood<br>U�ban Life Ch��ch De�b�<br>Gjilan Ko�o�o<br>Iceland<br>Richa�d and Naomi G�indle�<br>Cambodia<br>G�eg Reade�<br>Ili� & Megan S�ambolli�<br>Uk�aine appeal 2022<br>Paki��an Eme�genc� Relief<br>Seed�ime<br>Kin�ale �o�nd �able�<br>Ad� f�nd�ai�ing<br>**TOTAL FUNDS**|15,799<br>17,504<br>Incoming<br>�e�o��ce�<br>�<br>31,077<br>-<br>31,077<br>12,710<br>7,527<br>5,083<br>4,133<br>1,040<br>1,560<br>-<br>14,833<br>106<br>1,123<br>200<br>-<br>27,033<br>38,693<br>14,280<br>250<br>21,419<br>4,740<br>1,200<br>5,480<br>25,020<br>1,456<br>292<br>333<br>28,450<br>8,998<br>34,699<br>3,612<br>65<br>264,335<br>295,412|116<br>57,597<br>-<br>114,528<br>Re�o��ce�<br>Mo�emen�<br>e�pended<br>in f�nd�<br>�<br>�<br>(29,333)<br>1,744<br>(39)<br>(39)<br>(29,372)<br>1,705<br>(11,845)<br>865<br>(7,755)<br>(228)<br>(4,967)<br>116<br>(4,354)<br>(221)<br>(847)<br>193<br>(556)<br>1,004<br>(200)<br>(200)<br>(13,909)<br>924<br>(88)<br>18<br>(1,188)<br>(65)<br>(10)<br>190<br>(426)<br>(426)<br>(26,725)<br>308<br>(36,646)<br>2,047<br>(14,574)<br>(294)<br>(25)<br>225<br>(20,181)<br>1,238<br>(7,163)<br>(2,423)<br>(1,020)<br>180<br>(5,480)<br>-<br>(26,704)<br>(1,684)<br>(1,248)<br>208<br>(479)<br>(187)<br>(15)<br>318<br>(19,489)<br>8,961<br>(8,998)<br>-<br>(31,755)<br>2,944<br>(1,889)<br>1,723<br>-<br>65<br>(248,536)<br>15,799<br>(277,908)<br>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 -----**<br>
|||||||||
|---|---|---|---|---|---|---|---|
|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|

**----- End of picture text -----**<br>


Page 16 



## **RADSTOCK MINISTRIES** 

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

|**12.**<br>**MOVEMENT IN FUNDS - continued**<br>Am� Pa��e��on<br>C�aig & Hea�he� Maiden<br>**TOTAL FUNDS**|-<br>-<br>41,682<br>97,024|14,349<br>131<br>26,733<br>22,961|-<br>-<br>217<br>-|14,349<br>131<br>68,632<br>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**<br>Gene�al f�nd<br>Fi�ed a��e� f�nd<br>**Restricted funds**<br>P. William�<br>A���� T��hi<br>Pa�lin Velicek�<br>S & K Halilaj<br>G. Beg�<br>M�anma�<br>K. Callaghan<br>F & M Zenelaj<br>Sam Gold�mi�h<br>Seed�ime Mongolia �pecial p�ojec��<br>Sch�oede�<br>D. Sn�de�<br>AK Coali�ion<br>A. Adam�<br>Albania<br>B. Jo�e<br>Go��i�a�<br>S. A���ood<br>Balkan�<br>U�ban Life Ch��ch De�b�<br>Gjilan Ko�o�o<br>Iceland<br>Richa�d and Naomi G�indle�<br>Cambodia<br>G�eg Reade�<br>Ili� & Megan S�ambolli�<br>Uk�aine appeal 2022<br>Paki��an Eme�genc� Relief<br>Seed�ime<br>Kin�ale �o�nd �able�<br>Ad� f�nd�ai�ing<br>Kin�ale Bap�i�� Ch��ch<br>Am� Pa��e��on<br>C�aig & Hea�he� Maiden<br>**TOTAL FUNDS**|Incoming<br>�e�o��ce�<br>�<br>69,152<br>-<br>69,152<br>22,550<br>14,446<br>12,238<br>8,366<br>4,800<br>2,740<br>-<br>25,209<br>231<br>3,451<br>200<br>-<br>72,333<br>82,455<br>100<br>30,918<br>500<br>35,705<br>-<br>10,669<br>2,400<br>5,960<br>25,682<br>6,440<br>709<br>633<br>31,245<br>9,041<br>59,720<br>13,328<br>160<br>800<br>18,494<br>5,125<br>506,648<br>575,800|Re�o��ce�<br>Mo�emen�<br>e�pended<br>in f�nd�<br>�<br>�<br>(72,865)<br>(3,713)<br>(59)<br>(59)<br>(72,924)<br>(3,772)<br>(24,281)<br>(1,731)<br>(14,702)<br>(256)<br>(12,122)<br>116<br>(8,803)<br>(437)<br>(4,469)<br>331<br>(1,814)<br>926<br>(200)<br>(200)<br>(27,195)<br>(1,986)<br>(94)<br>137<br>(2,593)<br>858<br>(10)<br>190<br>(426)<br>(426)<br>(60,099)<br>12,234<br>(82,345)<br>110<br>(5)<br>95<br>(28,050)<br>2,868<br>(50)<br>450<br>(38,448)<br>(2,743)<br>(135)<br>(135)<br>(13,653)<br>(2,984)<br>(2,235)<br>165<br>(5,528)<br>432<br>(27,629)<br>(1,947)<br>(8,522)<br>(2,082)<br>(684)<br>25<br>(30)<br>603<br>(27,742)<br>3,503<br>(9,041)<br>-<br>(58,711)<br>1,009<br>(11,080)<br>2,248<br>-<br>160<br>(80)<br>720<br>(4,145)<br>14,349<br>(4,994)<br>131<br>(479,915)<br>26,733<br>(552,839)<br>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<br>each balance<br>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<br>benefit. However, the timing<br>amount of this legacy cannot be reliably estimated at this stage due to<br>uncertainties|||||
||regarding the asset’s distribution.|||||
||The<br>In accordance with the SORP, this legacy receivable has not been recognised as an asset in these financial statements.|||The||
||and<br>be<br>in<br>charity will continue to monitor developments,<br>the asset will | recognised|the accounts when full amount|||can|
||reliably estimated.|||||
||In July 2024, the first distributionwas received for £250,000.|||||
|**14.**|**RELATED PARTY DISCLOSURES**|||||
||and<br>Anthony Adams (Trustee)<br>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<br>During the year $10,000 (£7,469) was paid to Brian Jose by Radstock<br>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