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





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|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||||





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|||YEAR ENDE|D 31MA|RCH 2021|RCH 2021|||
|---|---|---|---|---|---|---|---|
|||||2021|||2020|
|||||Unrestricted||||
|||||funds|Total|funds|Total funds|
||||Note||||f|
|Income and|endowments|||||||
|Donations<br>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<br>offunds||||||||
|Total funds|brought forward|||162,050|162,050||173,111|
|Total funds|carried forward|||224,262|224,262||162,050|





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|||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<br>funds||||224,262||162,050|
|Total charity funds||15||224,262||162,050|



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



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|Investment<br>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)|



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|Expendi|ture<br>on Charitable<br>|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|



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|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|



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



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|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<br>amount||
|At 31March 2021|208,000|
|At 31March 2020|137,513|



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|Unrestri|cted<br>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|





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|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||