| Page | |
|---|---|
| Legal and administrative information |
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| Trustees' Annual Report |
2-4 |
| Statement ofTrustees' responsibilities |
|
| Independent Examiner's report |
|
| Statement ofFinancial Activities | |
| Statement ofFinancial Activities for 2020 |
|
| Balance Sheet | |
| Statement ofCashflows | 10 |
| Notes tothe Financial Statements |
11—20 |
| Trustees: | The Right Reverend Roger Jupp | The Right Reverend Roger Jupp | (elected 09.10.17) Superior General | |
|---|---|---|---|---|
| Father Edward Martin | (elected | 08.10.18) Secretary General | ||
| Father Darren Smith | (elected 08.10.18) Treasurer General | |||
| Father Paul Hutchins | (Elected 09.10.20) | |||
| Father Peter Edwards | (Elected 08.10.18) | |||
| Brother Colin James Dickson Elected (09.10.19) | ||||
| Registered | Office: | 16Commercial Street |
||
| Birmingham | ||||
| Bl 1RS | ||||
| Bankers: | Barclays Bank Pic | |||
| 2 Victoria Street | ||||
| London | ||||
| SW1H OND | ||||
| Independent | Examiner: | Nicholas Simkins FCA |
||
| The Dower House | ||||
| Bonehill | ||||
| Staffordshire | ||||
| B783HX | ||||
| Investment | Managers: | CCLA | ||
| Senator House | ||||
| 85Queen Victoria Street | ||||
| London | ||||
| EC4V 4ET |
| Restricted | Uarestricted | Total Funds | Total Funds | |||
|---|---|---|---|---|---|---|
| Note | Fuads | Funds | 2021 | 2020 | ||
| 5 | ||||||
| INCOME AND ENDOWMENTS FROM: | ||||||
| Donations and legacies Income from investments |
1,267 89,978 |
1,267 89,978 |
11,408 87,379 |
|||
| Total incoming resources |
91,245 | 91,245 | 98,787 | |||
| EXPENDITURE ON: | ||||||
| Charitable activities |
57,086 | 57,086 | 80,458 | |||
| Total resources expended | 57,086 | 57,086 | 80,458 | |||
| Net income/(expenditure) losses on investments |
before gains and | 34,159 | 34,159 | 18,329 | ||
| Net gains/(losses) from invesnnents |
154,024 | 154,024 | 468,592 | |||
| NET INCOME | 188,183 | 188,183 | 486,921 | |||
| Reconciliation offunds |
||||||
| Total funds brought forward |
3,434,675 | 3,434,675 | 2,947,754 | |||
| Total funds carried forward | 3,622,858 | 3,622,858 | 3,434,675 |
| Restricted | Unrestricted | Total Funds | Total Funds | |||
|---|---|---|---|---|---|---|
| Note | Fuads | Funds | 2020 | 2019 | ||
| f. | ||||||
| INCOME AND ENDOWMENTS FROM: | ||||||
| Donations and legacies Income from investments |
4 5 |
11,408 87,379 |
11,408 87,379 |
1,331 85,048 |
||
| Total incoming resources |
98,787 | 98,787 | 86,379 | |||
| EXPENDITURE ON: | ||||||
| Charitable activities |
80,458 | 80,458 | 79,616 | |||
| Total resources expended | 80,458 | 80,458 | 79,616 | |||
| Net income/(expenditure) losses on investments |
before gains and | 18,329 | 18429 | 6,763 | ||
| Net gains/(losses) from investments |
468,592 | 468,592 | 48,077 | |||
| NET INCOME | 486,921 | 486,921 | 54,840 | |||
| Reconciliation offunds | ||||||
| Total funds brought forward |
2,947,754 | 2,947,754 | 2,892,914 | |||
| Total funds carried forward | 3,434,675 | 3,434,675 | 2,947,754 |
| Note | 2021 | 2020 | ||||
|---|---|---|---|---|---|---|
| Cash flows from operating | activities: | |||||
| Net cash provided by/(used |
in) operating | activities | 17a | ( 53,772) | (68,211) | |
| Net cash provided by/(used |
in) operating activities |
( 51,772) | (68,211) | |||
| Cash flows from investing | activities: | |||||
| Dividends and interest from |
investments | 89,978 | 87,379 | |||
| Net cash provided by/(used |
in) investing | activities | 89,978 | 87,379 | ||
| Change in cash and cash equivalents in |
the reporting | period | 36406 | 19,168 | ||
| Cash and cash equivalents | at the beginning ofthe period | 125,987 | 106,819 | |||
| Cash and cash equivalents | at tbe end of | the reporting | period | 17b | 162,193 | 125,987 |
| 2021 | 2020 | |
|---|---|---|
| f. | ||
| Travelling expenses |
252 | |
| Admin support |
12,000 | 12,000 |
| Quarterly Paper National festival |
9,492 | 8,907 654 |
| Office costs | 838 | |
| Cathehetical costs Council Meeting |
216 30 |
1,531 264 |
| 21,738 | 24,446 |
| DONATIONS AND |
LEGACIES | ||
|---|---|---|---|
| 2021 | 2020 | ||
| Donations | from members | 1,267 | 1,408 |
| Legacies | 10,000 | ||
| 1,267 | 11,408 |
| Support | ||||||
|---|---|---|---|---|---|---|
| Activities | Grant | and | ||||
| undertaken | fuaded | governance | 2021 | 2020 | ||
| Note | directly | activity | costs | Total | Total | |
| 8 | 8 | 8 | ||||
| Funded from unrestricted | funds: | |||||
| Superior general | ||||||
| expenses Quarterly papers |
252 9,444 |
84 | 336 9,444 |
2,753 8,846 |
||
| Printing tkstationety |
933 | |||||
| Travelling expenses |
||||||
| National festival |
2,039 | |||||
| Meeting costs Cathehetical work |
144 1,203 |
144 1,203 |
1,274 9,969 |
|||
| Council general meeting Grants ACS support Independent examination |
7 | 27,555 9,000 |
3,000 2,400 |
27,555 12,000 2,400 |
1,141 30,928 12,000 2,300 |
|
| Vestments &fitments | 1,701 | 1,701 | 6,040 | |||
| Depreciation Other |
1,996 307 |
1,996 307 |
1,996 239 |
|||
| 15,047 | 36,555 | 5,484 | 57,086 | 80,458 |
| Grants to | Grants to | 2021 | Grants to | Grants to | 2020 | |
|---|---|---|---|---|---|---|
| Institutions | individuals | Total | Institutions | Iadividuals | Total | |
| 6 | 8 | 8 | f. | |||
| Sound systems Furniture R Ornamental |
4,000 | 4,000 | 13,440 | 13,440 | ||
| Objects Together Newspaper Support ofFestivals Vocations |
11,377 930 10,000 |
1,248 | 11,377 2,178 10,000 |
3,292 5,500 2,689 6,007 |
3,292 5,500 2,689 6,007 |
|
| 26,307 | 1,248 | 27,555 | 30,928 | 30,928 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| 6 | ||||
| Additional Curates Society |
15,877 | 14,794 | ||
| Glastonbury | Pilgrimage | Association | 1,000 | |
| Church Union | 3,000 | |||
| Hothorpe Hall |
864 | |||
| StAndrew's | Kingsbury | 1,500 | ||
| StNicholas | 2,000 | |||
| St Luke' s | 510 | |||
| Bishop ofBeverley | 5,000 | |||
| Family Fest | 1,860 | |||
| Sundry | 320 | 400 | ||
| Shrine ofOur | Lady ofWalsingham | 1,500 | ||
| Parcevall Hall |
100 | |||
| Children's Eucharist Day |
510 | |||
| Archdeacon ofChichester | 4,000 | |||
| StPeter 6t St | Leonard Horbury | 4,000 | ||
| 26,307 | 30,928 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Allocated overheads: | ||||
| ACS Admin | Support | 3,000 | 3,000 | |
| Superior General Expenses | 84 | 688 | ||
| 3,084 | 3,688 | |||
| Direct costs | ||||
| Independent | Examination | Fee | 2,400 | 2,300 |
| Total | 5,484 | 5,988 |
| ANGIBLE FIXED | ASSETS | |||
|---|---|---|---|---|
| Sacred | Fixtures, | Total | ||
| Vessels | Fittings & | |||
| Equipment | ||||
| COST | ||||
| I February 2020 Additions |
35,433 | 5,512 | 40,945 | |
| 31January 2021 | 35,433 | 5,512 | 40,945 | |
| ACCUMULATED | DEPRECIATION | |||
| I February 2020 Charge for the year |
23,784 1,996 |
5,512 | 29,296 1,996 |
|
| 31January 2021 | 25,780 | 5,512 | 31,292 | |
| NET BOOK VALUE | ||||
| 31January 2021 | 9,653 | 9,653 | ||
| 31January 2020 | 11,649 | 11,649 |
| IXED ASSE | TINVESTMENTS | ||
|---|---|---|---|
| CCLA | |||
| Investments | |||
| Market value | at 31January 2020 | 3,298,580 | |
| Gains / (Losses) in the year | 154,024 | ||
| Mwket value | at 31January 2021 | 3,452,604 | |
| Market value | at 31January 2019 | 2,829,987 | |
| Gains / (Losses) in the year | 468,592 | ||
| Market value | at31January 2020 | 3498,579 | |
| 2021 | 2020 | ||
| Investments | per Type: | ||
| Multi-asset | pooled funds | 3,444,316 | 3,290,281 |
| Pooled Fund —Bonds | 8,288 | 8,298 | |
| 3,452,604 | 3,298,579 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| CCLA | - CBSCapital Growth Fund | 322,411 | 9% | 299,547 | 9% |
| CCLA | Fund | 3,049,741 | 88% | 2,921,604 | 89/o |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| g | |||||||
| Interest | receivable | 14 | |||||
| Prepayments | 808 | 746 | |||||
| 808 | 760 | ||||||
| 13. | CREDITORS: Amounts | falling due within one year | |||||
| 2021 | 2020 | ||||||
| g | |||||||
| Accruals | 2,400 | 2,300 | |||||
| 2,400 | 2400 | ||||||
| 14. | ANALYSIS OFNET ASSETSBETWEEN FUNDS | ||||||
| Restricted | Unrestricted | Total | |||||
| Funds | Funds | ||||||
| 8 | |||||||
| Tangible Fixed Assets Investments Current Assets |
9,653 3,452,604 163,001 |
9,653 3,452,604 163,001 |
|||||
| Creditors: amounts | falling | due within one year | (2,400) | (2,400) | |||
| 3,622,858 | 3,622,858 |
| Balance at I | Incoming | Outgoing | Investments | Balance at 31 | ||
|---|---|---|---|---|---|---|
| February | Resources | Resources | gains/flosses) | January | ||
| 2020 | 2021 | |||||
| Restricted | Funds | |||||
| Unrestricted | Funds | 3,434,675 | 91,245 | (57,086) | 154,024 | 3,622,858 |
| 3,434,675 | 91445 | (57,086) | 154,024 | 3,622,858 |
| Reconciliation ofnet income/(expeaditure) |
to net cash flow | to net cash flow | 2021 | 2020 | |
|---|---|---|---|---|---|
| from operating activities |
|||||
| Reconciliation ofnet income/(expenditure) | for the reporting | period | |||
| (as per the statement offinancial activities) |
188,183 | 486,921 | |||
| Adjustments for: |
|||||
| Depreciation charges |
1,996 | 1,996 | |||
| (Gains)/losses on investments |
(154,024) | (468,592) | |||
| Dividends, interest and rents from investments |
(89,978) | (87,379) | |||
| Decrease/(Increase) in debtors Increase/(decrease) in creditors |
(49) 100 |
(57) (I,100) |
|||
| Net cash (used in) operating activities |
~53,772 | ~65,272 | |||
| b. | Analysis ofcash and cash equivalents | 2021 | 2020 | ||
| Cash in hand and at bank | 162,193 | 125,987 | |||
| Total cash and cash equivalents | 162,193 | 125,987 |