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





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|Registered|Office||The Mirfield|Centre|Centre||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||Stocks Bank||Road||||||
||||Mirfield||||||||
||||WF14 OBW||||||||
|Website Address|||htt:<br>www.|sthild.||or|||||
|Registered|company|number|03473114||||||||
|Registered|charity number||1067982||||||||
|Chair|||The Right Reverend||||Dr John Thomson||||
|Trustees|||As shown<br>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<br>Hill||||||||
||||West Mailing||||||||
||||Kent||||||||
||||ME19 4JQ||||||||
|Auditor|||Azets Audit Services||||Limited||||
||||33 Park Place||||||||
||||Leeds||||||||
||||LS1 2RY||||||||
|Insurers|||Ecclesiastical||Insurance|||Group|||
||||Beaufort House||||||||
||||Brunswick<br>Road||||||||
||||Gloucester||||||||
||||GL1 1JZ||||||||





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|approved<br>on 30'" April 1988an<br>Board ofTrustees|approved<br>on 30'" April 1988an<br>Board ofTrustees|approved<br>on 30'" April 1988an<br>Board ofTrustees|d subseque|nt<br>amendm|ents.|ents.|||||
|---|---|---|---|---|---|---|---|---|---|---|
|The Membership<br>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<br>Fisher||||2a|Resources||Resigned||03/12/21||
|Revd|Canon Andrew|Norman||2a|||||||
|Christopher<br>john Paddey||||2a|Resources||Appointed||15/02/22||
|Revd|Huw Thomas|||2b|||||||
|Revd|Stephen<br>Hunter|||2b|Resources||Resigned||15/11/21||
|Revd|Timothy<br>Fletcher|||2b|Resources||Appointed||15/11/21||
|Canon|Linda<br>Ali|||2c|||||||
|Revd|Dr Gavin Wakefield|||2c|Formation||Resigned||15/11/21||
|Revd|Dr Ian McIntosh|||2c|Formation||Appointed||15/11/21||
|Revd|Graham<br>Ensor|||3a|||||||
|Revd|Mark Clay|||3b|||||||
|Revd|Lizzy Woolf|||4|Centre for|Church||Planting|Advisory|Board|
|Revd|Matthew<br>Porter|||4|Centre for|Church||Planting|Advisory|Board|
|The Right Revd Mark||Sowerby|CR|5|||||||
|Revd|Canon<br>Dr Mark|Powley||6|Centre for|Church||Planting|Advisory|Board|
|Mrs Amy Hole||||7|Resigned|15/11/21|||||
|Stephen<br>Ellmore||||7|Appointed|15/11/21|||||
|Revd|Dr Mark Vasey-Saunders|||8|||||||
|Ven Dr Andrew<br>jolley||||9|Resources||||||





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



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





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|||||||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:<br>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<br>Funds|||||4, 15|12,478|19,637|
|Total Funds||||||747,298|846,545|





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





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||||2022|2021|
|---|---|---|---|---|
||||E|E|
|Cost of charitable<br>activities:|||||
|Library|||946|563|
|Weekend<br>and Easter schools|||87,123|11,503|
|University<br>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<br>deficit contribution|paid|(note 11)|(7,000)|(9,000)|
|Marketin|||8 289|2 037|
|Total ex enditure<br>on resourcin||trainin|694,257|496,499|
|Administrative<br>costs|||14,411|16,030|
|Auditor's<br>and accountanc|fees||17,400|3,339|
|Total su<br>ort costs|||31,811|19,369|
|Total ex enditure|||726i068|515/868|





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|Year ended|31|At 31|||||At 31|
|---|---|---|---|---|---|---|---|
|August 2022||August|||Other Gains||August|
|||2021<br>f|Income<br>f|Expenditure|/ (losses)<br>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<br>Fund||2,235|||||2,235|
|Silver Jubilee|Fund|||||||
|||1,302||(1,300)||||
|Student<br>hardship||||||||
|Fund||2,298|||||2,298|
|Student fee support||5,802|2,141||||7,943|
|Total Restricted<br>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<br>Fund||2,235|||||2,235|
|Silver Jubilee|Fund|||||||
|||1,302|||||1,302|
|Student<br>hardship||||||||
|Fund||2,298|||||2,298|
|Student fee support||5 802|||||5 802|
|Total Restricted<br>Funds||||||||
|||11,637|43,000|35,000|||19,637|
|Total Funds||||||||
|||587,874|672,665|515,868|101,874||846,545|





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|.<br>Fixed Asset Investment|students<br>to further<br>their<br>Bursary<br>Fund was merged|<br><br>educational<br>development<br>(th<br>into this fund)|e<br>Education|
|---|---|---|---|
|||2022f|2021f|
|Market Value at 1September|2021|605,618|500,744|
|Unrealised<br>investment<br>losses /|ains|11,932|104,874|
|Market Value at 31Au<br>ust 2022||593,686|605,618|
|Historical cost at 31August|2022|200,000|200,000|



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|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<br>Fee||88||



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





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|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<br>contributions||||||60,568|66,077|
|||||||451,176|379,564|



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|ovement<br>in the balance she|ovement<br>in the balance she|et liability over 2020 and over 202|1 is set out in the table|below.|
|---|---|---|---|---|
|Reconciliation<br>of Opening||and Closing Provisions|31August<br>2022|31August<br>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|



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|Association,<br>which<br>has been accepte|Association,<br>which<br>has been accepte|Association,<br>which<br>has been accepte|d<br>by the Char|ities<br>Commission.||||
|---|---|---|---|---|---|---|---|
|The emoluments,<br>including<br>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|





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|5.<br>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<br>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<br>Funds|||605,618|180,290|(3,000)|782,908|
|Restricted||Funds||19,637||19,637|
||||605,618|243,927|3,000|846,545|



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|7.<br>Net Ca|sh provi|ded<br>by Operating<br>Activities|||
|---|---|---|---|---|
||||2022|2021|
|Net movement<br>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<br>in|creditors||(20,596)|(39,037)|
||||(136,254)|126,450|





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|||||Unrestricted<br>Funds|Restncted<br>Funds|2021<br>f|
|---|---|---|---|---|---|---|
|Income from:|||||||
|Donations<br>and legacies|||||43,000|43,000|
|Charitable<br>activities|—training|income||619,636||619,636|
|Other income||||10,000||10,000|
|Investment<br>income||||29||29|
|Total income||||629,665|43,000|672,665|
|Expenditure<br>on:|||||||
|Charitable<br>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<br>(losses) on pension||obligations||(3,000)||(3,000)|
|Unrealised<br>gains on|investments|||104,874||104,874|
|Net movement<br>in|funds|||250,671|8,000|258,671|
|Reconciliation<br>offunds:|||||||
|Total funds<br>brought|forward|||576,237|11,637|587,874|
|Total funds carried forward||||826,908|19,637|846,545|