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2021-03-31-accounts

				Page
Directors' Annual Report (Incorporating		the	Director's Report)
Independent	Examiner's Report to the	Directors
Statement of	Financial Activities (Induding		Income and Expenditure
Account)
Statement of	Financial Position
Notes to the	Financial Statements			7-13

Registered charity	name	The Open Theology Trust
Charity registration	number	327642

Principal office and registered	Principal office and registered	55South Street
office		Bridport
		Dorset
		DT6 3NZ
The Directors
		M Cotes
		EGraham
		TMcClure
		M Stallard
		A Webster
		KHebden	(Appointed		27 May 2020)
		J Hurd
Independent	Examiner	RDCoton (Senior	Statutory	Auditor)
		Langard Lifford Hall Limited
		Lifford Hall
		Lifford Lane
		Kings Norton
		Birmingham
		B303JN

		YEAR ENDE	D 31MA	RCH 2021	RCH 2021
				2021			2020
				Unrestricted
				funds	Total	funds	Total funds
			Note				f
Income and	endowments
Donations and legacies				250		250	250
Investment	income			64,854		64,854	(5,153)
Total income				65,104		65,104	(4,903)
Expenditure
Expenditure	on charitable	activities	7,8	2,892		2,892	6,158
Total expenditure				2,892		2,892	6,158
Net income/(expenditure)		and net movement	in funds	62,212		62,212	(11,061)
Reconciliation offunds
Total funds	brought forward			162,050	162,050		173,111
Total funds	carried forward			224,262	224,262		162,050

		31MA	RCH 2021
			2021		2020
		Note
Fixed assets
Investments		13		208,000		137,513
Current assets
Cash at bank and in	hand		17378		25,653
Creditors: Amounts	falling due
within one year		14	1,116		1,116
Net current assets				16,262		24,537
Total assets less current liabilities				224,262		162,050
Net assets				224,262		162,050
Funds ofthe charity
Unrestricted funds				224,262		162,050
Total charity funds		15		224,262		162,050

	Unrestricted	Total	Funds	Unrestricted	TotalFunds
	Funds		2021	Funds	2020
				6	6
Donations
Donations	250		250	250	250

Investment Income
	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2021	Funds	2020
			6
Income from listed investments	3,431	3,431	4,699	4,699
Bank interest receivable	7	7	3	3
Realised surplus on sale of
investments	61,416	61,416	(9,855)	(9,855)
	64,854		(5,153)	(5,153)

Expendi	ture on Charitable	Activities by Fund Typ	e
		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2021	Funds	2020
				6
Grants	and projects			3,000	3,000
Support	costs	2,892	2,892	3,158	3,158
		2g92	2,892	6,158	6,158

Analysis ofSupport	Costs
		Analysis of
		support costs	Total 2021	Total 2020
Other motor/travel	costs			188
Legal &Professional	Fees	2,890	2,890	2,914
Bank Charges		2	2	7
Sundry Items				48
		2,892	2,892	3,157

10.	Independent	Examination	Fees
					2021	2020
	Fees payable	to the independent		examiner for:
	Independent	examination	ofthe	financial statements	1,122	1,116

The average head count of empl offull-time equivalent employees	oyees during the year was 6 (2020:6).The average numb during the year is analysed as follows:
	2021
	No.
Number ofstaff - directors	6
No employee received employee	benefits of more than E60,000during the year (2020:Nil).

Investments
	Listed
	investments
Cost or valuation
At 1April 2020	137,513
Additions	258,088
Disposals	(187,601)
At 31March 2021
Impairment
At1April 2020 and 31March 2021
Carrying amount
At 31March 2021	208,000
At 31March 2020	137,513

Unrestri	cted funds
			At			At
		1	Apr 2020	Income	Expenditure	31Mar 2021
			6			6
General	funds		162,050	65,104	(2,892)	224,262
			At			At
		1	Apr 2019	Income	Expenditure	31Mar 2020
			6		6
General	funds		173,111	(4,903)	(6,158)	162,050

Analysis	ofNet Assets Between Funds
		Unrestricted	Total	Funds
		Funds		2021
		8
Investments		208,000		208,000
Current assets		17,378		17378
Creditors	less than 1year	(1,116)		(1,116)
Net assets		224,262		224,262
		Unrestricted	Total	Funds
		Funds		2020
Investments		137,513	137,513
Current assets		25,653		25,653
Creditors	less than 1year	(1,116)		(1,116)
Net assets		162,050	162,050