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2022-08-31-accounts

Contents
Page
Charity
Information
Trustees'
Report.
Auditor's
Report
Statement
of Financial		 Activities. 12
Balance Sheet 13
Statement
of Cash Flows		 14
Notes to the Financial Statements 15

Registered Office The Mirfield Centre Centre
Stocks Bank Road
Mirfield
WF14 OBW
Website Address htt:
www.		 sthild. or
Registered company number 03473114
Registered charity number 1067982
Chair The Right Reverend Dr John Thomson
Trustees As shown
on		 page 2
Company Secretary Brian Wilson (resigned 24 January 2022)
Rachel McLafferty (appointed 25 January 2022)
Treasurer Resources Committee as a group
Principai Revd Canon Dr Mark Powley
Bankers CAF Bank Ltd
25 Kings
Hill
West Mailing
Kent
ME19 4JQ
Auditor Azets Audit Services Limited
33 Park Place
Leeds
LS1 2RY
Insurers Ecclesiastical Insurance Group
Beaufort House
Brunswick
Road
Gloucester
GL1 1JZ

approved
on 30'" April 1988an
Board ofTrustees		 approved
on 30'" April 1988an
Board ofTrustees		 approved
on 30'" April 1988an
Board ofTrustees		 d subseque nt
amendm		 ents. ents.
The Membership
of the Board		 of Trustees is shown below. Trustees have been appointed in accordance
with clause 7 of the Articles of Association:
Method of
Appointment Office and sub-committee
ofTrustees representation
(Notes)
The Right Revd Dr john-Thomson 1
Ms Alison
Fisher		 2a Resources Resigned 03/12/21
Revd Canon Andrew Norman 2a
Christopher
john Paddey		 2a Resources Appointed 15/02/22
Revd Huw Thomas 2b
Revd Stephen
Hunter		 2b Resources Resigned 15/11/21
Revd Timothy
Fletcher		 2b Resources Appointed 15/11/21
Canon Linda
Ali		 2c
Revd Dr Gavin Wakefield 2c Formation Resigned 15/11/21
Revd Dr Ian McIntosh 2c Formation Appointed 15/11/21
Revd Graham
Ensor		 3a
Revd Mark Clay 3b
Revd Lizzy Woolf 4 Centre for Church Planting Advisory Board
Revd Matthew
Porter		 4 Centre for Church Planting Advisory Board
The Right Revd Mark Sowerby CR 5
Revd Canon
Dr Mark		 Powley 6 Centre for Church Planting Advisory Board
Mrs Amy Hole 7 Resigned 15/11/21
Stephen
Ellmore		 7 Appointed 15/11/21
Revd Dr Mark Vasey-Saunders 8
Ven Dr Andrew
jolley		 9 Resources

ey Financial
Data
2022f 2021f
Total income 640,753 672,665
Total expenditure (726,068) (515,868)
Operating
(deficit)/surplus		 (85,315) 156,797
Unrealised
(losses)/gains		 on revaluation of investments (11,932) 104,874
Actuarial
losses on		 pension obligations (2,000) (3,000)
Total
deficit /sur		 lus retained 99,247 258,671
Total Reserves 747,298 846,545

Notes Unrestricted
Funds		 Restricted
Funds		 2022 2021
Income from:
Donations
and legacies		 23,000 23,000 43,000
Charitable
activities		 —training income 602,938 2,141 605,079 619,636
Other income 12,569 12,569 10,000
Investment
income		 105 105 29
Total income 615,612 25,141 640,753 672,665
Expenditure
on:
Charitable
activities		 693,768 32,300 726,068 515,868
Total expenditure 693,768 32,300 726,068 515,868
Net (expenditure)/income
other recognised
gains		 before (78,156) (7,159) (85,315) 156,797
Other recognised gains / (losses)
Actuarial
losses on pension		 obligations 11 (2,000) (2,000) (3,000)
Unrealised
(losses)/gains		 on investments 5 (11,932) (11,932) 104,874
Net movement
in		 funds (92,088) (7,159) (99,247) 258,671
Transfers
between		 funds
Reconciliation
offunds:
Total funds
brought		 forward 4, 15 826,908 19,637 846,545 587,874
Total funds carried forward 4, 15 734g820 12g478 747'298 846I545

Total Total
Funds Funds
2022 2021
Notes
Fixed assets
Investments 593,686 605,618
Current assets
Debtors 39,045 10,807
Cash at bank and in hand 142,267 278,416
Total current assets 181,312 289,223
Creditors:
one year		 Amounts falling due within (27,700) (45,296)
Net current assets 153,612 243,927
Net assets 747,298 849,545
Creditors: Amounts falling due after 9 (3,000)
more than one year
Total assets 747,298 846,545
Funds:
Unrestricted General Funds 4, 15 709,676 782,908
Unrestricted Designated Funds 25,144 44,000
Total Unrestricted Funds 734,820 826,908
Restricted
Funds		 4, 15 12,478 19,637
Total Funds 747,298 846,545

Note 2022 2021
f.
Cash flows from operating activities:
Net cash provided
by operating
activities		 17 (136,254) 126,450
Cash flows from investing activities:
Investment
income		 105 29
Net cash provided
by investing
activities		 105 29
Change
in cash and cash equivalents		 (136,149) 126,479
Cash and cash equivalents
at		 the beginning ofthe year 278,416 151,937
Cash and cash equivalents at the end ofthe year 142'267 278/4 16

2022 2021
E E
Cost of charitable
activities:
Library 946 563
Weekend
and Easter schools		 87,123 11,503
University
fees		 31,197 36,965
Other academic costs 34,014 41,071
Staff costs 435,234 376,415
Visiting speakers 13,543 5,696
Staff travel 9,740 2,633
Staff training 6,585 2,884
Bank charges 136 84
Office accommodation 62,337 17,623
Office costs and insurance 12,113 8,025
Pension
deficit contribution		 paid (note 11) (7,000) (9,000)
Marketin 8 289 2 037
Total ex enditure
on resourcin		 trainin 694,257 496,499
Administrative
costs		 14,411 16,030
Auditor's
and accountanc		 fees 17,400 3,339
Total su
ort costs		 31,811 19,369
Total ex enditure 726i068 515/868

Year ended 31 At 31 At 31
August 2022 August Other Gains August
2021
f		 Income
f		 Expenditure / (losses)
f		 Transfers 2022f
Unrestricted Funds—
General 782 908 615 612 674 912 13 932 709 676
Designated Funds:
Development fund 44,000 18,856 25,144
Total Unrestricted
Funds 826,908 615,612 693,768 13,932 734,820
Restricted Funds:
Centre for Church
Planting 8,000 23,000 (31,000)
Library
Fund		 2,235 2,235
Silver Jubilee Fund
1,302 (1,300)
Student
hardship
Fund 2,298 2,298
Student fee support 5,802 2,141 7,943
Total Restricted
Funds
19,637 25,141 32,300 12,478
Total Funds
846,545 640,753 726,068 13,932 747/298
Year ended 31 At 31 At 31
August 2021 August Other Gains August
2020 Income Expenditure / (losses) Transfers 2021
E
Unrestricted Funds—
General 576 237 629 665 480 868 101874 44 000 782 908
Designated Funds:
Development fund 44 000 44 000
Total Unrestricted
Funds 576,237 629,665 480,868 101,874 826,908
Restricted Funds:
Centre for Church
Planting 43,000 (35,000) 8,000
Library
Fund		 2,235 2,235
Silver Jubilee Fund
1,302 1,302
Student
hardship
Fund 2,298 2,298
Student fee support 5 802 5 802
Total Restricted
Funds
11,637 43,000 35,000 19,637
Total Funds
587,874 672,665 515,868 101,874 846,545

.
Fixed Asset Investment		 students
to further
their
Bursary
Fund was merged

educational
development
(th
into this fund)		 e
Education
2022f 2021f
Market Value at 1September 2021 605,618 500,744
Unrealised
investment
losses /		 ains 11,932 104,874
Market Value at 31Au
ust 2022		 593,686 605,618
Historical cost at 31August 2022 200,000 200,000

This is stated after charging: is stated after charging: 2022f 2021f
Fees paid to the Independent Examiner 2,780
Fees paid to the Auditor 17,400
Other Professional
Fee		 88

2022 2021
Trade debtors 10,876 8,642
Other debtors and Pre a ments 28,169 2,165
39 045 10 807

8. Creditors —Amounts Falling Due Within One Year
2022 2021
Trade Creditors 6,720 14,810
Other Creditors and accruals 13,980 21,486
Pension Scheme 7,000 9,000
27,700 45,296
g. Creditors —Amounts Falling Due After One Year
2022 2021
Pension Scheme 3,000
10. Staff costs and numbers
2022 2021
Avera e staff numbers 15 13
Staff costs during the year amounted to: 2022 2021f
Salaries 363,324 293,540
Social security costs 27,284 19,947
Pension
contributions		 60,568 66,077
451,176 379,564

ovement
in the balance she		 ovement
in the balance she		 et liability over 2020 and over 202 1 is set out in the table below.
Reconciliation
of Opening		 and Closing Provisions 31August
2022		 31August
2021
Provision at start of the year 12,000 18,000
Pension deficit contributions paid (note 3) (7,000) (9,000)
Actuarial remeasurements 2,000 3,000
Interest cost (note 3)
Provision at end ofyear 7,000 12,000
December December December
2021 2020 2019
0/o per o/o per 0/o per
annum annum annum
Discount rate 0.0 0.2 1.1
Price inflation n/a 3.1 2.8
Increase to total ensionable a roll -1.5 1.6 1.3

Association,
which
has been accepte		 Association,
which
has been accepte		 Association,
which
has been accepte		 d
by the Char		 ities
Commission.
The emoluments,
including
pension		 contributions, of each employee relating to their employment is:-
2022 2021
Revd Canon Dr Mark Powley 51,223 51,679
Revd D Mark Vase -Saunders 35,048 35,358

5.
Analy		 sis of net assets by fu nd
Fixed assets Net current Creditors Total
Year ended 31August 2022 assets over one
year
Unrestricted Funds:
Designated Funds 25,144 25,144
General
Funds		 593,686 115,990 709,676
Restricted Funds 12,478 12,478
593,686 153,612 747,298
Fixed assets Net current Creditors Total
Year ended 31August 2021 assets over one
year
Unrestricted Funds:
Designated Funds 44,000 44,000
General
Funds		 605,618 180,290 (3,000) 782,908
Restricted Funds 19,637 19,637
605,618 243,927 3,000 846,545

7.
Net Ca		 sh provi ded
by Operating
Activities
2022 2021
Net movement
in funds		 (99,247) 258,671
Loss/(Gain) on fixed asset investments 11,932 (104,874)
Income from investments (105) (29)
(Increase)/decrease in debtors (28,238) 11,719
Decrease
in		 creditors (20,596) (39,037)
(136,254) 126,450

Unrestricted
Funds		 Restncted
Funds		 2021
f
Income from:
Donations
and legacies		 43,000 43,000
Charitable
activities		 —training income 619,636 619,636
Other income 10,000 10,000
Investment
income		 29 29
Total income 629,665 43,000 672,665
Expenditure
on:
Charitable
activities		 480,868 35,000 515,868
Total expenditure 480,868 35,000 515,868
Net income before other recognised gains 148,797 8,000 156,797
Other recognised gains / (losses)
Actuarial
(losses) on pension		 obligations (3,000) (3,000)
Unrealised
gains on		 investments 104,874 104,874
Net movement
in		 funds 250,671 8,000 258,671
Reconciliation
offunds:
Total funds
brought		 forward 576,237 11,637 587,874
Total funds carried forward 826,908 19,637 846,545