| TRUSTEES | Mr RCoy | ||||
|---|---|---|---|---|---|
| Rt Rev SGroves | Chairman | ||||
| Mrs J Morten | (resigned | 25.11.21) | |||
| Mrs JSeaton | |||||
| Mr G Seaton | |||||
| Ms Z Taylor (appointed | 24.5.22) | ||||
| Mr J Hancock | (appointed | 24.5.22) | |||
| PRINCIPAL ADDRESS | 5 Muswell Hill |
||||
| London | |||||
| N10 3TJ | |||||
| REGISTERED CHARITY No. | 1082306 | ||||
| INDEPENDENT | AUDITORS | Knox Cropper | LLP | ||
| Chartered Accountants |
and Statutory Auditors | ||||
| 65-68 Leadenhall | Street | ||||
| London | |||||
| EC3A 2AD | |||||
| INVESTMENT MANAGERS | Brewin Dolphin | ||||
| 12Smithfield | Street | ||||
| London | |||||
| EC1A 9LA | |||||
| BANKERS | CAF Bank Ltd | ||||
| 25 Kings Hill Avenue | |||||
| Kings Hill | |||||
| West Mailing | |||||
| ME194JQ | |||||
| CLERKTO THE TRUSTEES | Ms. L Newens |
| Unrestricted | Endowment | 2022 Total |
2021 Total |
|||
|---|---|---|---|---|---|---|
| INCOME AND ENDOWMENTS | FROM | Notes | fund | funds | funds 8 |
funds 6 |
| Investment income |
2 | 388,586 | 388,586 | 362,464 | ||
| EXPENDITURE ON | ||||||
| Raising funds | 3 | 37,883 | 37,883 | 34,370 | ||
| Charitable activities Grants payable |
4 | 334,455 | 334,455 | 315,562 | ||
| Other | 16,248 | 16,248 | 12532 | |||
| Total | 388,586 | 388,586 | 362464 | |||
| Net gains/(losses) on investments |
~14),858) | ~44),855) | 1,884,441 | |||
| NET INCOME/(EXPENDITURE) | (141,859) | (141,859) | 1,084,447 | |||
| RECONCILIATION OF FUNDS |
||||||
| Total funds brought forward |
12,264,066 | 12,264,066 | 11,179,619 | |||
| TOTAL FUNDS CARRIED FORWARD | 12,122,207 | 12,122,207 | 12,264,066 | |||
| CONTINUING OPERATIONS |
||||||
| Ail income and expenditure has arisen from |
continuing | activities. |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Notes | 8 | |||
| FIXEDASSETS | ||||
| Investments | ||||
| Investments | 9 | 11,408,638 | 11,427,075 | |
| Concessionary | Loan | 10 | 258,824 | 308,702 |
| 11,687,462 | 11,735,777 | |||
| CURRENT ASSETS | ||||
| Debtors | 11 | 63,499 | 47,246 | |
| Cash in hand | 12 | 464,027 | 568,486 | |
| 527,526 | 615,732 | |||
| CREDITORS | ||||
| Amounts falling |
due within one year | 13 | (72,781) | (86,151) |
| NET CURRENT | ASSETS | 454745 | 529.581 | |
| TOTAL ASSETS LESSCURRENT | ||||
| LIABILITIES | 12,122,207 | 12,265,358 | ||
| PROVISIONS FOR LIABILITIES | 14 | (1,292) | ||
| NET ASSETS | 12,122,207 | 12,264066 | ||
| FUNDS | 16 | |||
| Endowment funds: |
||||
| Capital Account | 10,277,364 | 10,108,177 | ||
| Investment Revaluation Account |
1 844,042 | 2.100.889 | ||
| 12,122207 | 12264,066 | |||
| TOTAL FUNDS | 12,122,207 | 12,264,066 |
| 3. | RAISING | FUNDS | FUNDS | FUNDS | |||||
|---|---|---|---|---|---|---|---|---|---|
| Investment | management | costs | |||||||
| 2022 | 2021 | ||||||||
| F | |||||||||
| Investment | brokers charges | 37,883 | 34,370 | ||||||
| 4. | CHARITABLE ACTIVITIES COSTS | ||||||||
| Grant | |||||||||
| funding of |
|||||||||
| activities | |||||||||
| (see note | |||||||||
| 5) | |||||||||
| F | |||||||||
| Grants payable | 334,455 | ||||||||
| GRANTS | PAYABLE | ||||||||
| 2022 | 2021 f |
||||||||
| Grants payable | 334,455 | 315,562 | |||||||
| The total grants | paid to institutions | during the year was as follows: | |||||||
| 2022 8 |
2021f | ||||||||
| British Province | ofthe Moravian | Church | 333,955 | 315,062 | |||||
| Gracehill | Church and its | dependencies | 500 | 500 | |||||
| 334,455 | 315,562 |
| 6. | SUPPORT COSTS | SUPPORT COSTS | SUPPORT COSTS | - continued | - continued | ||
|---|---|---|---|---|---|---|---|
| Support | costs, included | in the above, are as follows: | |||||
| 2022 | 2021 | ||||||
| Other | |||||||
| resources | Total | ||||||
| expended | activities | ||||||
| 6 | 8 | ||||||
| Trustees' | remuneration | and expenses | 300 | ||||
| Pensions | 4,876 | ||||||
| Auditors' | remuneration | 5,280 | 5,280 | ||||
| Trustees' | Indemnity | Insurance | 631 | 601 | |||
| Accountancy | and legal | fees | 5,040 | 6,540 | |||
| Bank charges | 121 | 111 | |||||
| 16,248 | 12,532 |
| Unrestricted | Endowment | Total | |||
|---|---|---|---|---|---|
| fundf | funds f |
funds 6 |
|||
| INCOME AND ENDOWMENTS | FROM | ||||
| Investment | income | 362,464 | 362,464 | ||
| EXPENDITURE ON | |||||
| Raising funds | 34,370 | 34,370 | |||
| Charitable | activities | ||||
| Grants payable | 315,562 | 315,562 | |||
| Other | 12,532 | 12532 | |||
| Total | 362464 | 362,464 | |||
| Net gains | on investments | 1,084,447 | 1,084,447 |
| COMPARATIVES FOR | COMPARATIVES FOR | COMPARATIVES FOR | THE STATEMENT OF FINANCIAL | THE STATEMENT OF FINANCIAL | THE STATEMENT OF FINANCIAL | ACTIVITIES | -continued | ||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Total | |||||||
| fund | funds | funds | |||||||
| f | |||||||||
| 1,084,447 | 1,084,447 | ||||||||
| RECONCILIATION | OF | FUNDS | |||||||
| Total funds brought | forward | 11,179,619 | 11,179,619 | ||||||
| TOTAL FUNDS CARRIED | FORWARD | 12,264,066 | 12,264,066 | ||||||
| 9. | FIXEDASSET INVESTMENTS | ||||||||
| Listed | |||||||||
| investments | |||||||||
| f | |||||||||
| MARKET VALUE | |||||||||
| At 1 September 2021 | 11,427,075 | ||||||||
| Additions | 1,903,348 | ||||||||
| Disposals Revaluations |
(1,779,926) ~141,559) |
||||||||
| At 31August 2022 | 11,408,638 | ||||||||
| NET BOOK VALUE | |||||||||
| At 31 August 2022 | 11,408,638 | ||||||||
| At 31 August 2021 | 11,427,075 | ||||||||
| There were no investment | assets | outside the UK. | |||||||
| 2022f | 2021f | ||||||||
| Analysis ofquoted | investments | by asset class | |||||||
| Other Fixed interest | Stocks | 966,836 | 1,349,663 | ||||||
| Equities | 5,670,098 | 6,150,586 | |||||||
| The Charities Property |
Fund | 4,771,704 | 3,926,626 | ||||||
| Total Market Value | 11,408,638 | 11,427,075 |
| Number of | Market | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| units/ | Value | |||||||||
| nominal | 31 August | |||||||||
| value | 2022 | |||||||||
| No. | 5 | |||||||||
| The Charities Property Fund |
Common | inv fund | 3,192,292 | 4.771,794 | ||||||
| Cost or valuation | at | 31 August 2022 is represented | by: | Listed | ||||||
| investments | ||||||||||
| 8 | ||||||||||
| Valuation in |
2022 | 11,408,638 | ||||||||
| Historical Cost | 2022 8 |
2021 | ||||||||
| At the end ofthe | year | 9563794 | ,9,271,135 | |||||||
| The above quoted | investments | are dealt with on a | recognised | stock | exchange. | |||||
| 10. | CONCESSIONARY | LOAN | ||||||||
| 2022 | 2021 | |||||||||
| 8 | 5 | |||||||||
| Balance at the beginning ofthe year Repayments during the year interest receivable for year |
308,702 (55,882) 6,004 |
357,544 (55,882) 7,040 |
||||||||
| Balance at | the end | of the year | 258,824 | 308,702 | ||||||
| 2022 | 2021 | |||||||||
| Repayable Repayable |
within 12months outside 12months |
55,229 203,595 |
49,878 258,824 |
|||||||
| 258,824 | 308,702 |
| 11. | DEBTORS:AMOUNTS | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Prepayments Accrued income- |
6 481 |
481 | |||
| Charities Property Accrued Income- |
Fund | 29,471 | 27,161 | ||
| Other Investments | 33,547 | 19,604 | |||
| 63499 | 47,246 | ||||
| 12. | CASH IN HAND | ||||
| 2022 | 2021 | ||||
| Total | Total | ||||
| funds | funds | ||||
| On deposit account On current account Cash held by Investment |
Manager | 6 288,132 1,000 174,895 |
5 184,320 1,000 383,166 |
||
| Total | 464 027 | 568,486 | |||
| 13. | CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||
| 2022 | 2021 | ||||
| Gracehill Moravian Church Bank charges Professional charges accrued Moravian Union |
6 30 12,628 60,123 |
6 500 30 14,511 71,110 |
|||
| 72,781 | 86,151 | ||||
| 14. | PROVISIONS FOR | LIABILITIES | |||
| 2022 | 2021 | ||||
| Pension provision |
8 | 2 1,292 |
| The mo | vement in the |
Pension Provision for the period wa |
s as follows: | |
|---|---|---|---|---|
| 2022 | 2021 | |||
| 6 | 8 | |||
| Opening Pension |
Liability at 1 costs charged |
September 2021 during the year |
1,292 ~1,292 |
7,340 ~6,048 |
| Closing | Liability at 31 | August 2022 | 1,292 |
| ANALYSIS | OF NET AS | SETSBETW | EEN FUNDS | |||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Unrestricted | Endowment | Total | Total | |||
| fund f |
funds f |
funds f |
funds f |
|||
| Investments | 11,667,462 | 11,667,462 | 11,735,777 | |||
| Current assets | 527,526 | 527,526 | 615,732 | |||
| Current liabilities Provision for liabilities |
(72,781) | (72,781) | (86,151) ~1292) |
|||
| 12122207 | 12,122207 , | 12,264,060 | ||||
| MOVEMENT | IN FUNDS | |||||
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1.9.21 f |
in funds f |
funds f |
31.8.22 f |
|||
| Endowment | funds | |||||
| Capital Account Investment Revaluation |
Account | 10,108,177 2,155,089 |
26,735 ~160,094) |
142,452 ~142,402) |
10,277,364 1,844,843 |
|
| 12.284,066 | ~141,009) | 12,122,207 | ||||
| TOTAL FUNDS | 12,204,066 | ~141,050) | 12,122,207 |
| Net moveme | nt in funds, |
included in the |
above are as follo | ws: | ||
|---|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | |||
| resources f |
expended f |
losses f |
in funds f |
|||
| Unrestricted | funds | |||||
| General fund | 388,586 | (388,586) | ||||
| Endowment | funds | |||||
| Capital Account | 26,735 | 26,735 | ||||
| Investment | Revaluation | Account | (168,594) | {168,594) | ||
| ~141,859 | ~141,859 | |||||
| TOTAL FUNDS | ~388586 | ~388,586 | (141,859) | ~141859) |
| Comparativ | es for mov |
ement in fund |
s | |||
|---|---|---|---|---|---|---|
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1.9.20 | in funds | funds | 31.8.21 | |||
| 6 | F | |||||
| Endowment | funds | |||||
| Capital Account | 10,116,258 | 51,726 | (59,807) | 10,108,177 | ||
| Investment | Revaluation | Account | 1,063,361 | 1,032,721 | 59,807 | 2,155,889 |
| 11,179,619 | 1,084,447 | 12,264,066 | ||||
| TOTAL FUNDS | 11,179,619 | 1,084,447 | 12,264,066 |
| Compara | tive | net movem | ent in funds, in |
cluded in the abo |
ve are as follows | : | |
|---|---|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | ||||
| resources 6 |
expended F |
losses 6 |
in funds f |
||||
| Unrestricted | funds | ||||||
| General | fund | 362,464 | (362,464) | ||||
| Endowment | funds | ||||||
| Capital | Account | 51,726 | 51,726 | ||||
| Investment | Revaluation | Account | 1,032,721 | 1,032,721 | |||
| 1,084,447 | 1,084,447 | ||||||
| TOTAL | FUNDS | 362,484 | ~362,4643 | 1,084,447 | 1.084,447 |