INFORMATION NEfwoRK FOCUS ON RELIGIOUS MOVEMENTS ANNUAL REPORT AND ACCOUNTS COMPANY REGIsfRATION NO: 02346855 ARITY RE 17 KNOX CROPPER
Page I REPORT OF THE DIREcfoRS OF INFORMATION NEfwoRK FOCUS ON RELIGIOUS MOVEMEN The Trustees (who are also the Directors of the charitable company for the purposes of the Companies Act) present their combi1 DirLrtors' reFM)rt and Trust. annual rert, as required by company Law, together wth the audited financial statements of Information Network on Religious Movements (the Charty) for the year end 31 March 2022. The Trustees confirni that the annual rep)rt and fin3no31 statements of the Charity comply with the current ststutory requirements, the ra]uirements of the Charity's goveming document and the provisions of the Statement of Retx)mmerKI PraLtI ISORP) "Accounting and Rewrting by Charitr'es" applicable to charities preparing their COUnts in accordarKe with the Financihl Reporting Standard applicable in the UK and RepulAic of Ireknd {FRS 102) (efftive l January 2019). ADMINIStRATIVE AND LEGAL MATtERS The Company is incorporated in England and Wales a5 a company limited by guarantee under the Companies Acts (Registration No. 02346855) and operates under the name INFORM. Its registered office is: Clo Dept. of Theolcxjy and Religious Studies Virginia W(K>lf Building 22 Kingsway London WC2B 6LE The following DirrS of the Company listed bek)w have continu&l to serve from l April 2021 to the date of this rew>rt unle55 Stated otherwise: Professor Eileen Barker Dr George Chryssides Dr Graham Harvey Professor Mark Hill Professor Kim Knott Father Toby Lees The Reverend Andrew Moguire Dr Marat Shterin The Reverend Aan Walker The Reverend Stephen Hollinghurst The Right Reverend William Kenney (appointed August 2021) (Chair) (appointed on 25 June 2022) (Treasurer) (stepped down Cktober 2021) TRUSTEE RECRUITMENT AND APPOINTMErir PROCEDURES Four tmstees of the charity are mminated, one each by the Archbishop of Canterbury, the British kniological Ass(lation StKiology of RelvJion Study Group, The Free Churches Group and the Westminster Roman Catholic Di. Up to ten additional trustees are appointed by agreement of the current trustees. Areas of skill. experb"se, rerognttion or diversity which may be beneficial to the operation of the charity are identified through a process of discussion among the trustees, and recommendation by specialist netr40rks. When the current trustees are satisfied that a wtents.al trustee is suitsbk for appointrnent, an invitstion to join is issued. All trustees agr to promote the Charity's objectives and to Colutt its business in accordance with the Charity Commission's guidelines.
Page 2 REPORT OF THE DIREcfoRS OF ED The Company has obtained charitable ststus and is registered with the Chaiity Commission (Registration No. 801729). hs a registered Chaiity, Infom is entitled to the exemptions from taxation in respect of Income and Capital Gains to the extent that such income and capital gains are applied for charitable purt#)ses. PROFESSIONAL ADVISORS Bankers.. National Westminster Aldwych Branch Connaught House, 65 Aklwych London WC23 4EG Auditor5: Knox Cropper LLP Chartered Accountants 65 Leadenhall St. London, EC3A 2AD OBJEcrs To advance public knowledge and understandirrfj by the promotion of stuty and research into religions and those movements commonty known as new religious movements concerned with the exploration of spiritual life or phik)sophie5. and the dissemination of the useful results of such study and research to the public.
Page 3 REPORT OF THE DIRECtO OF INFORMATION NEtWORK FOCUS ON RELIGIOUS MOVEMEritS REVIEW OF ACllVITIES AND ACHIEVEMEpifs DURING THE YEAR Infomi pursued its charitsble obj5 in 2021122 by meons of the folbwirKJ activities.. collecbng, assessing and disseminab.ng objective information aLx)ut minorty religions,. resFK)nding to enquirers, requests for inf(MTnabon atK)ut minority religions,. Co-operating with requests from statmtory bodies in the UK and abroad for information aiNJut minority religions: publishing information for the public aiM)Ut minorty religions in online leaflets, in the Critical Dictionary of ArCalyptiC and Millenarian Movements {CDAMM) and as factsheets for the Religion Media Centre; publishing articles in Scholar bwks and continuing wort on a series of edited th)oks with Routledge, including online bcx)k launches. setting up a new tKMJk 5eiies With Bthmsbury, entitled"Religion at the Boundaries". maintaining a national and intemational netY40rk of researchers, and other parties with an expert andlor personal knOwdge of infomiation about minority religions. facilitating public dialogue about issues surrounding minority religions; hosting I0 online seminars and tsyo online twk launches; mentoring carefully selected intems,. lecturing in schools, universities, international conferences and various other forums; commissioned proJeLt work for Govemment Departments, the Centre for the Critical study of Apocatypb"c and Millenarian Movements, and the Religion Media Centre,. secLJring fiJrKling to complete the ProJ"mapPIng the kn"ology of Religion in Britsin via the history arKI devek)pment of SOOiEL" (the Brib"sh kniobgi(zl ss(Kiation's knology of Religion study group); continuing to make acbve contributions to the National Wothing Group for Abuse Linked to Accusab"ons of Witchcraft arKI Spirit Pos5es90n; continuing collaratiOn with the Religion and sexual Abuse Project led by Professor Amanda Lucia at the Univergty of California Riverside. continuing work on an 18-month projert funded by the Culham St Gabriel'5 Trust on Promoting the Exploration of Religion and Worldviews in Schwls in partnership with the Faith and Belief Forum and The Open University; entering into conversation with King's Col* Wre the Infomi office is based about future collatrtyation and Offi use; seeking to yeseNe for the fulre in an aCsIble manner Infomi's significant archive of materials.
Page 4 REPORT OF THE DIRECTORS OF NFORMATION NETWORK FOCUS ON REUGJOUS MOVEMEN copirINUED The trustees believe that this widrangIng programme of activitie5 helFd InfoTm to achieve its strategic aim of bringing the best available knowledge. based on the methods of the scKial sciences, aut minority religions to the attention of memters of the public and relevant statutory authorities. In this way Infom)'s educational obiectwe of advancing public knowledge and understsnding of minorty religions was achieved. This programme was carried out in co-operation wf(h numerous universities, researther5, religUS organisations, and professional asrrikn"ons, Ixth in the UK arKJ abroad. Inform's Director, Senior Researth Offir and Researth Consuhants for swfic projects have undertaken a review of best Practi on researth integrity. with special attenb.on to online research ethics. This resulted in an upjated ststement on Dats Protection and Research Ethi15 which can be found on the Inform website at rm Throughout the peri(k4 Infonn was in communication with officials in Q)vernment departments about future project funding. Appli(ations for funding were made to various trusts. FINANCIAL REVIEW Total income for the 12-month riod ended 31st March 2022 was £63,852 being £32,798 lower than income for the 12-month pericKJ ended 31 March 2021. Expenditure for the 12- month period ended 31st March 2022 decreased to £50,030. Over the year there was a net increase in re50urce5 of £13.822. RESERVES The level of unrestricted reserves, whith at the yearnd amounted to £106,276, is necessary to enable the charity to continue to OFerate durirNJ those periods when donation income significantly decreases. These reserves will enable the charity to continue into 2022123 as it explores possibilities for securirwj funding for the fUre. GOING CONCERN The ability of the charity to cOntinl as a going concem is dependent upon securing new sources of funding. Numer(yJs applications have been made tr) Tnjsts and Government Departments. The outcome of these is awaited. If new fvnding is not secured it may be possible to continue to operate at a significantty redu level of activity. COVID 19 Restrictions, which had applied Sin mid-Mar(h 2020, on access to the Inform office in the Virginia Woolf buikling at King's Cdlege. gradually eased durirvJ this financial year. Remote working has continued where appropriate and helrrful for achieving Infom s work goals. Additionally INFORM is in conversation with firo'5 Colge atrout the payment of rent during the period when there has not been access to the office. RISK The trustees rewew the risks that the tharity is exFK)sed to on an ongoing basis and take steps to mitigate those risks as ar¢>ropriate.
Page 5 REPORT OF THE DIREcfoRS OF FORMATION NEfwoRK FOCUS ON REUGIOUS MOVEMENTS ED FINURE DEVELOPMENTS Work will continue on Infomi s datsbase. publication5. aThJ websrte. which will enable more of Infom s material to LEC0 putlicty ava1k7le. Work will continue on finding fundraigThJ ¥lUtionS for tth short-temi viability and long- term susiainability through work on funded prOjts and Commission reporLs. Infomi will continue to take an active role in appropriate nets¥orks suth as the National Working Group for Abuse Linked to Acojsations of WitchcTaft aThJ Spirit Possession. There will further collaboration on a research pmiect with Dr Amanda Luaa from The University of California on the topic of sexuol abuse within religions. The collaborative research project furKled Culham St Gabriel's Trust on Promoting the Exploration of Religion and Worldviews in Sch(x)Is will continue until July 2022. Further online events wll purSuj in lieu of in-person seminars and the viability of holding in-person events in future will continue to reviewed. There will be a continued focus on expk)ring ways of ciH)perating wth the Theology and Religious Studies Depathient at Kings colge, London, in whose building Infomi's offi has been based from May 2018. TIE5e conversations will indude discusson about the basis on which the office is used. In March 2022, Dr &rah Harvey, Inform's Senior Research Officer. wll begin working a5 a Research Assoaate on the Arts and Humanities Counol funded project, Abuse in Religious Settings, led by Professor Gordon Lynch at the University of Kent. This will be by way of a "secondmenv, from Inform for an agreed number of days per wk up to September 2023. Dr Harvey's employment with Infomi will continue. The oversight and governan of Inform will te twadened and diversified in the coming year. Attention will te paid in partiojlar to issues of gacY and future continuity. Infomi will, of course, maintsin its commitnt to its prinopal objecbve of helping enquirer5 by providing informab.on that is as reliable arKI up-to-date as p055ible. and it welcome5 recewing enquiries, infornioticffi and suggesbons from all 9)Ur5. PUBLIC BENEFIT StATEMENT The Trustees confirm that they have complied with the duty set out under sertion 17 of the Charities Act 2011 to have due regard to the arity Commission's guidan on public benefit 'Charities and Public Benefrf in developing the objectives for the year and in planning activities.
Page 6 REP RT FTHE DIRE INFORMATION NETWORK FOCUS ON RELIGIOUS MOVEMENTS CONTINUED srATEMENT OF DIRECTORS. RESPONSI8ILrriES The trustees (who are also the dirertors of the Information Network RKUS on Religious Movements for the purFoses of company low) are resFonsible for preparing the Report of the Dirertors and the financial ststements in accordance wrth applicable law and United Kingdom Accounting Stsndards (United Kingdom Generalty ACpted Accounting Prattl), including Finanoal Rep)ng Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Irdand.. Company law requires the trustees to prepare financial statements for each financial year which gwe a true and fair view of the state of affair5 of the charitsble company nd of the incoming resour and application of resour, induding the income and expenditure, of the charitsble company for that period. In preparing those financial Statements, the trust are required to: select suttable accounting FK)licies arKJ then appty them consistenlly obseNe the meth(xls and principles in the Charity SORP make judgements aThJ esb"mates that are reasonable and prudent prepare the finarla1 ststements on the going conrn basis unless it IS inappropriate to presume that the charitsble company will continue in business. The trustees are reswnsible for keeping pryr accounting records which disdose with reasonable acajracy at any time the financial tx)sb"on of the charitsble company and to enable them to ensure that the financial statements comply with the Companies Art 2006. They are also responsibk for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and det&t"on of fraud and other irreguLirities. In so far as the knstees are aware: there is no relevant audfc Informatic of which the charitable company's audthrs are unaware,. arm the trustees have tsken all steps that they ought to hove tsken to make theMSee5 aware of any relevant audit infomiation and to establish that the auditors are awa of that inforniab"on. AUDITORS The auditors, Knox Cropper LLP, will be prowsed for re-appointment at the forthcoming Annual General Meeting. This reFOrt has been prepared in accordan with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. APPROVAL This rewrt was approved by the Board of Directors and Trustees on 28th September 2022 and signed on their beha by.. Name: KIM KNO Signature:
Page 7 INDEPENDENT AuDORs. REPORTTO THE MEMBERS OF INFORMATION NETWORK FOCUS ON RELIGIOUS MOVEMEpirs Opinion We have audfced the financial statements of Infom)ation Nebvork F5 on Religious Movernents (the 'charitsile QD[npan for the year eed 31 March 2022 which cornprise the Statement of Finanoal Activities, the Balan Sheet and notes to the finanaal statennts, InclLJdi a summary of significant accounting polKies. The finarKial rewrbng framework that has been applied in their preparab.on is applicab law and United kn"rKJdom Accounting Stsndards, InCIling Financial Reporbry Stsndard 102 The Financial Rertsng StsrKlard applicabk in the UK and Republic of Ireland, (United "ngdoM Generalty Accepted Accountr"ThJ Practi1. In our opinion the financial statements: gwe a true and tsir view of the state of d)aritable companvs affrdirs as at 31 March 2022 and of its income and expenditure for the year then ended; have been property prepared in accordan wrth Unitoj "ngdoM Generally Accepted Accounting practi,. and have LEen prepared in accl¥dan with the re¥4Ulrnents of the Companie5 Att 2CKJ6 Basi5 of opinion We conducted our audit in accordan with Intemational Stsr¥Jards on Auditing (UK) (IS4s {UK)) and applicable law. Our resw)nsibilities under those standards are fijrther described in the Auditorfs re5ponsibiltb.es for trE audit of the financial ststements 5eLtion of our report. We are ilependent of the charrtable company in accordance wth the ethical requirements that a relevant to our aud of the financial ststernents in the UK, 1lKI1ng the FRC'S Ethical Stsndard, and we have fijifilled our other ethical reswnsibl1es in &COrdan with these requiretnents. We believe that the audit ewderKe we have Obtai is gJffiaent and apprwrkite to prowde a basis for our opinion. Material uncertainty related to going concem We draw attention to note 19 in the finanaal statements whith indicate5 that the ability of the charitsble company to continue as a gTrg cOnM is dependent un regukrfy securing new source5 of funding. If new swrcs of funding are secured ttEn tt rnay still W55ible to continue to operate at a significantly reduc&J level of tiVty. The COrltionS indicate ttrt a material UnrtaInty exists that may cast signifitsnt doubt on the charitsble company's abilty to continue as a going COnrn. Our opinion is mLyJified in respect of this matt. Other inforniation The other infomation comprises the infomation Iuded in the annual report. other than the finanoal statements and our auditorfs rKrt thereon. The trus a res[X)nble for the other infomiation. Our opinion on the finanaal statements not cow the other informatm and we do not express any forrn of assuran ClUSion there.
Page 8 Our resp)ngbility is to read the other inf[ThtiOn and, in doing , consKler whether the other infomiation is materkalty inconsi&ent with ts finanaal staternents or our knOwdge obtained in the course of the audit or otherwise appears to t Materlty misated. If we identrfy such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misststement in the fin0a1 statements themselv. If, based on the work we have rkrfom)ed, we condude that there is a material misstatement of this other information, we are required to retK)rt that tstt. We have nothing to rew)rt in this regard. Opinion on other matters prescribed by the Companies Act 21)06 In our opinion, based on the work uThJertaken in the c(yJrse of ihe audit.. the information given in the trustees. repJrL which 1Thle5 the directors, report prepared for the purrM)ses of company Law, for the finanrial year for whith the financial statements are prepared, is consistent with the financial tements,' and the directors. rep)rt induded within the trustees. reFQrt has teen prepar&J in cordan with applicable gaI reouirements. Matters on which we are required to rem by exception In the light of the knOwdge and underst3rKlirKJ of the Charitab company and its environment obtairEd in the course of the audtt, we tre not identified rnaterial rni55tatements in ttE directors. report included within the ttee5. reFMrt We have mthing to rewt in res of the frAlowng matters Whe the Companies Art 2(X)6 require5 US to repjrt to you rf, in our opinion- adequate and proper accounting recLYds have not teen kept, or rebjrrs adequate for our audit have not been received from branches Mt vi%ted by us.. or the financial statements are rK)t in agreerrent with the accLxJntirKJ records an(1 retums; or rtain disc109Jres of trustees. remuneration specified by law are not made,. or we have not received all the infomation and expL3natiorLS we require ft)r our audit. the trustees were not entitkd to prepare the finanoal siatements in accordan with the small companies regime and take advantage of the small Compan5, exemption from the rUirement to prepare a StrategK Rewt or in Neparing Directors, RerKxt. Responslbilltles of Trnstees As explained more fvlly in the Trust. Resp)nsbilib"es statnent set out on page 5, the Trustees (who are also the diredots of the (haritable company for the purtX)se¥ of company lawl are POnble for the preparation of the financial stathents aThl for being tisfIed that they give a true and ftair wew, and for (h intemal control as the trustees detemine is necewry to enable the preparation of financial statements that are free from material misststemen¢ whether due to frdud or error. In preparing the finanoal staternents, the trustees are res[nble for assessing the charitable company's ability to conts.nue as a goiThJ cotKem, dIScb"ng4 as applicable, matters related to going concem and using the wing concem basis of accounling unkn the tnjstees either intend to liquidate the charitsble c(Knpany to se (wrati(Ks. (x have no realisbc aernatiVe but to do so.
Page 9 Audltor's responslbllltles forthe audlt of the financlal statements Our obJ"ectives a to obtain reasonable assuran ab(MJt whether the financial statements as a whole are free frorn material mithtemenL wFther due to fraud or error, and to issue an auditorfs re)rt tt)at includes our c4)inion. Reasonable assuran is a high level of assuran, but is not a guarantee that an audit conducied in accdan with ISAfj (UK) will always detect a material misstatement Wh it exists. Mi55tatements Ian arise frotn fraud or error and are considered material if, indimdualty or in the aggregate, they coukl reasonabty be expetted to influentr the economic deagon5 of user5 tsken on the bags of the finanoal Statements. IrregUlare5. including fraLvJ. are Instan of non<0mplian wf(h laws aThJ regulations. We design procedures in line wth our reswnybiI'e5, ouuined aiK>ve, to detect material misstatements in respect of irregukrib"es, including fraud. The extent to which our procedures are cab of detecting irregularities, indling fraud is detail&J bebw- The Chartsble Company is required to compty wilh tK)th company law and charity law as apICable in England and Wales and. based on our knowledge of its artivf(ies, we identified that the legal requirement to &turatety ac(nunt rtriCted funds was of key significance. We gained an understanding of how the charitable company complied with its 1gJal and regulatory framework, including the requirement to properfy account for restrictrd funds, through discussions with management and a wew of the documented PK)licies, proureS and controls. The audit teatn, which i5 experienced in the audit of congdered the charitable cornpanW5 suxeptib'lity to matsrial mi55iatement and how fraud may ¢Kcur. Our conSiderati(S inclLJed the risk of managernent ovenide. Our approath was to the<k that all re5trirted income was pro[r identified and separatety accounted for and to ensure that onty valid a1 appropriate experKliture was charged to restricted funds. This inchjded rewewing journal adjusbnents and unusual transacti5. A further description of Our re5tKxsib1le5 the aud of the finanoal Statements is l(Kated on the nanCIal Reporbng Counal's vthte at.. This deXripti forrlls of our alÈOrf5 reFth. Use of the audit report This tI)rt Is made 9)le to the doritalle cotnpanvs meM1r in atcor(knce with Chapter 3 of Part 16 of the COmnieS Act 2006. Our audr( has been undertaken so that we might stste to the cfontable companls memtErs and trust4 matter5 we are required to state to them in an auditor's rerK)rt ft)r no other pur[. To the fullest extent permitted by law we do not apt or assume reswnsbilty to anyorE other than the charitable company, the tharitable companws EmrS as a trKMty and charitable compans trustees as a ixlly for our audit work, for this rewrt or for the opinwxs we have forrnEMJ. Richard Billiwhurst FCA (Senior SiabJW Auditor) for and on behalf of Knox CropKEr LLP Chartered Accountants and Statutory Audito 65 Leadenhall Street London EC3A 2 AD Date: 4 October 2022
Page 10 INFORMATION NETWORK FOCUS ON RELIGIOUS MOVEMENTS RATIN THE IN ME AND EXPEND REA FOR THE YEAR ENDED 31st MARCH 2022 Totsl 2022 Total 2021 Note5 Funds Funds INCOME FROM Grants and Lknations 39,793 39,793 86,194 charitab activth.es 23,132 23,132 9,781 Investhent Income 21 Other income 919 919 654 TOTAL 63,852 63,852 96,650 EXPENDMIRE ON Raising funds 2,633 3,082 Charitable a¢bvths 47.397 47,397 55,474 TOTAL NET INCOMEI(EXPENDITURE) 13,822 13,822 38,094 Transfets between funds Net movement in funds 13,822 13,822 38,094 FUND BALANCE BROUGtrrr FORWARD 92,454 92,454 54,360 FUND BALANCES CARRIED FORWARD 106,276 106,276 92,454 None of the Company's activibes were acouired (r discontin durirKJ the financial triOd.
Page 11 RMATI N NEnii RKF N RELI VEMEN BALANCE SHEEr AS AT 31sr MARCH 2022 - 31st March 2022----- - 31st March 2021--- FIXED ASSErs Tangible Assets CURRENT ASSETS Stock Debtors Cash at Bank and on Deposit 378 21,618 87,340 109.336 522 39,008 55,816 95,346 io CREDITORS: Amounts falling due within one year li CURRE1 ASSETS 106,276 92,454 TOTAL ASSEfs LESS CURRENT LIABILITIES 106,276 92,454 Represented by RESERVES Restrirted Reserve C£neral Reserve 12 13 106 276 106.276 92,454 The financial ststements have teen prepareil in acc[Ydan wh the sla1 prowsons of Part 15 of the Ccmpanies Art 2(K)6 relating tr) small companies and wth the Financial Rewrting Standard 102. The financial statements were approved by the Direttors on Septwnttr 2022: Name: KIM KNO &gnature'. Name.. ANDREW MAGUIRE Signature.. nx- Registered Company Number.. 02346855
Page 12 INFORMATION NETWORK F ON RELI io MOVEMEN FINANCIAL sfATEMENTS R THE YEAR ENDED MAR 22 ACCOUNTING POLICIES (a) The financial statements of the tharItab company, whid) is a wblTC tEnefit entity under FR5102, have been prepared in accordan with the charib.es SORP {FRS 1021-Accountr"ng and ReFOrting by Charitie5.' Ststement of Rec(xnmended Pradice applicable to tharthes preparing their accounts in accordance with the financial ReFMJting Stsndard applicable in the UK and Republic of Ireland (FRS 1021~, Financial Repurting Stawlard 102 -The Finanoal Rep)rting Stsndard applicab in the UK and Republlic of IreLind- the Companies Act 2006. and liabiliti are initially recognised at historical cost or transaction value unkss otherwise ststed in the relevant accounting )IKy. The presentatM)nal ojrrery of these financk?I statements is Pound SterlirKJ (£1. (b) Depreciation is prowded on Offi equipment on a straight line basis over its useful economic life of the a55ets. Orr1 equipment ar C[pter equipment has LEen depreaated over three years. (c) Stock is valued at the k)wer of cost and net realIsab value. (d) Grants are accounted for in the Statement of Finanaal Activities in the year in which they are receivable, unless they are dear S)fied as reLating to future years, in which case they are carried fOard as defeed iOme. (e) Salaries arKI those other costs whith do not relate to a specific activity are allrKated to the chanty's various actiib"es based on an ]mate of the stsff b.me Stnt on the activity. (o R&ricted ftjnds represent donati(xts or grants wl*)se purrx)ses have been restricied by the donor. Unrestricted fvnds represent income which can be used for charitsble purposes at the discreti of Ig) The Trustee5 consider that the tharity cDntinues to LE a gng cOrn, althwjh there are risks which are set out in Note 19. GRAKtS AND DONATIONS 2022 2021 Unrestricted Re51ricted EuroFEan Research Counal CPNI Archbishops. Council CenSAMM/Panaa Others 14,962 38.234 68,654 i(K) 1,400
Page 13 INFORMATION NEfwoRK FOCUS ON RELTGIOUS MOVEMENTS FINANCIAL sfATEMENTS 2022 2021 RAISING FUNDS: Fundraising and Publicity: DI Costs Supp)rt Co 2,781 301 3,082 287 2,633 CHARITABLE AcfIvmES 2022-______ Support Total 2021 Total Dirert Helpline Resear(h Conferen, Serninars & PublKatrors 4,692 32,846 574 4,019 574 5,266 36,865 6,163 43,147 Governance ¢osts indyded in Supptyt Costs comprise: 2022 2021 Trustees expenses Audit fee 38 SUPPORT COSTS 2022 2021 Salaries Rent and Rates offi C05t5 Other Costs 1,870 96 92 2,326 38 97 5,454 5.721 sUp)rt costs are alkncated to FtJndrai&rwJ and Publioty and Charitable ACtive5 based on staff time.
Page 14 INFORMATION NEfwoRK FOCUS ON RELIGIOUS MOVEMEpirs FINANCIAL sfATEMENTS INFORMATION REGARDING EMPLOYEES AND DIRECfORS 2022 No. 2021 No. The average numLw of empwes durirwJ year was: Dirett charable Management and AdminikntH)n Stsff Costs CpriSe.. wag and Salaries ial Security Pension Costs Redundancy costs 31,425 2,066 3,905 40,CK)I 2,540 3,973 No employee eamed greater than £60,() per annum (2021: no}. The total employee [fft5 paid to key management tr$onnel duriThJ the year amounted to £28,728 12021.. £21,841). No Director received any remuneration from the Company duriro year. No expenses were reirnbursed to threctors during the year (2021: £38 Director). FIXED ASSErs Equipment Cost: At 15f April 2021 Additions Written (Kf 11,158 At 31" March 2022 11,158 Depreciation: At 1st April 2021 Charge for the perioj Written Off 11,158 At 315t March 2022 11,158 Net Book Value: 31" March 2022 315tr March 2021
Page 15 NF RMATI N NErw RK N RELI VEMEN FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31sr MARCH 2022 2022 2021 STOCK PA)oks and G(ths He for Re5a 378 522 DEBTORS preyMents Accrued income 307 214 10. CASH AT BANK AND ON DEposrr COIF CharitEs Deposit Fund Other 1,433 85,907 87,340 1,433 11. CREDrroRS,. Amounts falling due wtthin (x)e year Accrued Expenses other creditors 3,060 2,892 12. RESTRIcfED FUNDS Batsn Incoming 31103121 soUrceS Balance 31103122 expended Transfers The Spalding Trust European Re*arch Council RESTRICTED FUNDS COMPARATIVE 2021 Balano Incominy 31103120 ourCeS Balance 31103121 expended Transfers The Spalding Trust European Research Counal 1,865 7,203 {5,3381 (1,865) 7,759 (9,624) 14,962
Page 16 NF RMATI N NErw RK N RELI VEMEN FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31sr MARCH 2022 13. UNREsfRicfED FUNDS Net Incomingl {Outgoing) Balan 31103122 Balan 31103121 Transfers General rerVeS Designated reserves 92.454 13,822 124,000) 82,276 92,454 13,822 106,276 The designated funds represent rent poteth.aI payable to King s College from March 2020. INFORM is in conversation with King's Cdlege ab(xrt the payment of rent, for which no invoice has bn received, for the when therE was no ac5 to the office because of COVID19 restrictions. UNREsfRicfED FUNDS COMPARATIVE 2021 Balan 31103121 Balan 31103120 Incomingl (Outgoing) Transfers General reseNes 59,698 32,756 92,454 14. TAXATION As a registered Charity, Inform is enbded to the exetnpb.ons fr(xn taxab.on in respert of Income and capal Gains to the extsnt that 9Jch incowE and capital gains are applied for charitsble purp)ses. 15. LIBRARY AND ELEcfROMIC DATABASE The Charity holds an extensive colkb.on of infc*mation on mitM)rity religions, new religioLS movements and arnate spirituility in the worfd, whKh is held to faalitate research. These assets have not iEen valued or included in the BalatKe Sheet 16. COMMITMENTS UNDER OPERATING LEASE The company has a one year contrart on its premises at a cost of £11,500 with a three months break clause. Duritvj the perKKJ of COVtD 19 trIe was no access to the office and King s has not Sought the payment for rent. Discusgons will take plxe wth KiThJ s Colleje during the autumn of 2022 about arrangements for the ftrture.
Page 17 INF RMATI N NErw RK N RELI VEMEr FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31sr MARCH 2022 17. ANALYSIS OF NEf ASSEfs BETWEEN FUNDS Totsl Tangible Fixed Assets Net Current Assets 106 276 106 276 I[,276 ANALYSIS OF NEf ASSEfs BEfwEEN FUNDS COMPARATIVE 2021 Totsl Tangible Fixed Assets Net Current Assets 18. RELATED PARTY TRANSAcfioNS There were no related paty transactions in the year. 19. GOING CONCERN The ability of the charity to C(tinue as a going concern is dependent utK)n regularly securing new SOU of fuThling. Numerous applicab.ons have been male to Trusts and Government Departments. The outcome of those is awatted. If fvnding is not seajred tt rnay be tx)55ibk to continue to operate at a significantly redu thl of activity.
Page 18 INF RMATI N NErw RK N RELI VEME FINANCIAL sfATEMENTS R THE YEAR ENDED MAR 20. COMPARATIVE FIGURES FOR THE sfATEMENT OF FINAMCIAL AcfIviTIES AS REQUIRED BY FRS 102 Trtal 2021 Funds Funds INCOME FROM Grants and donations Charitable acb¥e5 Investments other incDrne Total EXPENDtruRE ON Raising ftjnds charable activitie5 Totsl 71,232 9,781 21 654 14,962 86,194 9,781 21 654 3,082 32,756 5,338 38,094 Net income/lexpen(Jituj Transfers between fU[S Net movement in fuThJs 32.756 5,338 Balan brought foNard Balan carried forward