| 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 2021 | |
| Balance Sheet | |
| Statement ofCashflows | 10 |
| Notes to the 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 09.10.17) | |||
| 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 | ||||
| 85 Queen Victoria Street | ||||
| London | ||||
| EC4V4ET |
| Restricted | Unrestricted | Total Funds | Total Funds | |||
|---|---|---|---|---|---|---|
| Note | Funds | Funds | 2022 | 2021 | ||
| 5 | 5 | |||||
| INCOMF. AND ENDOWMENTS FROM: | ||||||
| Donations and legacies |
5,473 | 5,473 | 1,267 | |||
| Income from investments | 92,702 | 92,702 | 89,978 | |||
| Total incoming resources |
98,175 | 98,175 | 91,245 | |||
| EXPENDITURE ON: | ||||||
| Charitable activities |
50,899 | 50,899 | 57,086 | |||
| Total resources expended | 50,899 | 50,899 | 57,086 | |||
| Net income/(expenditure) | before gains and | 47,276 | 47,276 | 34,159 | ||
| losses on investments | ||||||
| Net gains/(losses) &om investments |
385,939 | 385,939 | 154,024 | |||
| NET INCOME | 433,215 | 433,215 | 188,183 | |||
| Reconciliation offunds | ||||||
| Total funds brought forward |
3,622,858 | 3,622,858 | 3,434,675 | |||
| Total funds carried forward | 4,056,073 | 4,056,073 | 3,622,858 |
| Restricted | Unrestricted | Total Funds | Total Funds | |||
|---|---|---|---|---|---|---|
| Note | Funds | Funds | 2021 | 2020 | ||
| g | 8 | |||||
| INCOME AND ENDOWMENTS FROM: | ||||||
| Donations and legacies |
1,267 | 1,267 | 11,408 | |||
| Income fmm investments | 89,978 | 89,978 | 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) | before gains and | 34,159 | 34,159 | 18,329 | ||
| losses on investments | ||||||
| Net gains/(losses) from investments |
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 |
| Note | 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|---|
| g | |||||||||
| Cash flows from | operating | activities: | |||||||
| Net cash provided | by/(used | in) operating | activities | 17a | ( 43/24) | ( 53,772) | |||
| Net cash provided | by/(used | in) operating | activities | ( 43,324) | ( 53,772) | ||||
| Cash flows from | investing | activities: | |||||||
| Dividends and interest from |
investments | 92,702 | 89&978 | ||||||
| New investments | (100,000) | ||||||||
| Net cash provided | by/(used | in) investing | activities | (7,298) | 89,978 | ||||
| Change in cash and cash equivalents | in | the reporting | period | (50,622) | 36,206 | ||||
| Cash and cash equivalents | at the beginning | ofthe period | 162,193 | 125,987 | |||||
| Cash and cash equivalents | at the end | ofthe reporting | period | 17b | 111,571 | 162,193 |
| 2022 | 2021 | |
|---|---|---|
| 0 | ||
| Admin support | 12,000 | 12,000 |
| Quarterly Paper |
9,780 | 9,492 |
| Office costs | 1,040 | |
| Cathehetical costs |
216 | |
| Council Meeting | 35 | 30 |
| 22,855 | 21,738 |
| 2022 | 2021 | ||
|---|---|---|---|
| g | |||
| Donations | from members | 1,465 | 1,267 |
| Legacies | 3,658 | ||
| Other income | 350 | ||
| 5,473 | I267 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Interest | on | Investments | 90,512 | 87,467 |
| Interest | on | cash deposits | 2,190 | 2,511 |
| 92,702 | 89,978 |
| individ | uals and institutions |
in further | ance ofits charitab | le activities. |
|||
|---|---|---|---|---|---|---|---|
| Support | |||||||
| Activities | Grant | and | |||||
| undertaken | funded | governance | 2022 | 2021 | |||
| Note | directly | activity | costs | Total | Total | ||
| g | |||||||
| Funded | from unrestricted | funds: | |||||
| Superior | general expenses | 298 | 100 | 398 | 336 | ||
| Quarterly | papers | 9,765 | 9,765 | 9,444 | |||
| Printing | tkstationery | 1,185 | 1,185 | ||||
| Meeting | costs | 35 | 35 | 144 | |||
| Cathehetical work |
1,203 | ||||||
| Council | general meeting | 1,274 | 1274 | ||||
| Grants | 7 | 21,469 | 21,469 | 27,555 | |||
| ACS support | 9,000 | 3,000 | 12,000 | 12,000 | |||
| Independent examination |
2,520 | 2,520 | 2,400 | ||||
| Vestments &fitments | 1,701 | ||||||
| Depreciation | 1,996 | 1,996 | 1,996 | ||||
| Other | 257 | 257 | 307 | ||||
| 14,810 | 30,469 | 5,620 | ~50899 | 57,086 |
| Grants to | Grants to | 2022 | Grants to | Grants to | 2021 | ||||
|---|---|---|---|---|---|---|---|---|---|
| Institutions | individuals | Total | Institutions | Individuals | Total | ||||
| g | g | ||||||||
| Sound systems | 3,500 | 3,500 | 4,000 | 4,000 | |||||
| Furniture | &ornamental | objects | 1,125 | 1,125 | 11,377 | 11,377 | |||
| Walsingham | Eucharist | 6,370 | 6,370 | ||||||
| Support ofFestivals | 474 | 474 | 930 | 1,248 | 2,178 | ||||
| Vocations | 10,000 | 10,000 | 10,000 | 10,000 | |||||
| 21,469 | 21,469 | 26,307 | 1 24g | 27,555 |
| 2022 | 2021 | |
|---|---|---|
| g | ||
| Additional Curates Society |
10,220 | 15,877 |
| St Catherines ofSienna | 3,500 | |
| Bishop ofRichborough | 6,370 | |
| Thorpe Le Soken | 1,125 | |
| Shrine ofOur Lady ofWalsingham | 1,500 | |
| Archdeacon ofChichester | 4,000 | |
| StPeter &St Leonard Horbury | 4,000 | |
| Sundry | 254 | 930 |
| 21,469 | 26,307 |
| VERNANCE | COSTS | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Allocated overheads: | ||||
| ACS Admin | Support | 3,000 | 3,000 | |
| Superior General Expenses | 100 | 84 | ||
| 3,100 | 3,084 | |||
| Direct costs | ||||
| Independent | Examination | Fee | 2,520 | 2,400 |
| Total | 5,620 | 5,484 |
| ANGIBLE FIXED | ASSETS | |||
|---|---|---|---|---|
| Sacred | Fixtures, | Total | ||
| Vessels | Fittings & | |||
| Equipment | ||||
| g | ||||
| COST | ||||
| I February 2021 | 35,433 | 5,512 | 40,945 | |
| Additions | ||||
| 31January 2022 | 35,433 | 5,512 | 40,945 | |
| ACCUMULATED | DEPRECIATION | |||
| I February 2021 | 25,780 | 5,512 | 31,292 | |
| Charge for the year | 1,996 | 1,996 | ||
| 31 January 2022 | 27,776 | 5,512 | 33,288 | |
| NET BOOKVALUE | ||||
| 31January 2022 | 7&657 | 7,657 | ||
| 31January 2021 | 9,653 | 9,653 |
| 11. | FIXEDASSETINVESTMENTS | ||
|---|---|---|---|
| CCLA | |||
| Investments | |||
| Market value at 31January 2021 | 3,452,604 | ||
| Gains / (Losses) in the year | 385,937 | ||
| Investment additions |
100,000 | ||
| Market value at 31 January 2022 | 3,938,541 | ||
| Market value at 31 January 2020 | 3,298,580 | ||
| Gains / (Losses) in the year | 154,024 | ||
| Market value at 31January 2021 | 3,452,604 | ||
| 2022 | 2021 | ||
| Investments per Type: | |||
| Multi-asset pooled funds |
3,930,926 | 3,444,316 | |
| Pooled Fund —Bonds | 7,615 | 8,288 | |
| 3938541 | 3,452,484 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| 0/ | 0/ | ||||
| CCLA | - CBSCapital Growth Fund | 469,514 | 12/o | 322,411 | 9'/0 |
| CCLA | Fund | 3,381,403 | 86/0 | 3,049,741 | 88/0 |
| For | the year ended 31January | the year ended 31January | 2022 | |||
|---|---|---|---|---|---|---|
| 12. | DEBTORS | |||||
| 2022 | 2021 | |||||
| fi | ||||||
| Prepayments | 824 | 808 | ||||
| 824 | 808 | |||||
| 13. | CREDITORS: Amounts | falling due within one year | ||||
| 2022 | 2021 | |||||
| Accruals | 2,520 | 2,400 | ||||
| 2,520 | 2,400 | |||||
| 14. | ANALYSIS OFNKT ASSETSBETWEEN FUNDS | |||||
| Restricted | Unrestricted | Total | ||||
| Funds | Funds | |||||
| Tangible Fixed Assets | 7,657 | 7,657 | ||||
| Investments | 3,938,541 | 3,938,541 | ||||
| Current Assets | 112,395 | 112,395 | ||||
| Creditors: amounts | falling due within one year | (2,520) | (2,520) | |||
| 4,056,073 | 4,056,073 |
| Balance at 1 | Incoming | Outgoing | Investments | Balance at 31 | ||
|---|---|---|---|---|---|---|
| February | Resources | Resources | gains/(losses) | January | ||
| 2021 | 2022 | |||||
| Restricted Funds | ||||||
| Unrestricted | Funds | 3,622,858 | 98,175 | (50,899) | 385,939 | 4,056,073 |
| 3,622,858 | 98,175 | (50,899) | 385,939 | 4,056,073 |
| 17. | NOTES TO THE CASH FLOW STATEMENT | NOTES TO THE CASH FLOW STATEMENT | |||
|---|---|---|---|---|---|
| a. | Reconciliation ofnet income/(expenditure) | to net cash flow | 2022 | 2021 | |
| from operating activities |
8 | ||||
| Reconciliation ofnet income/(expenditure) | for the reporting | period | |||
| (as per the statement offinancial activities) | 433,215 | 188,183 | |||
| Adjustments for: |
|||||
| Depreciation charges |
1,996 | 1,996 | |||
| (Gains)/losses on investments |
(385,939) | (154,024) | |||
| Dividends, interest and rents from investments |
(92,702) | (89,978) | |||
| Decrease/(increase) in debtors |
(14) | (49) | |||
| Increase/(decrease) in creditors |
120 | 100 | |||
| Net cash (used in) operating activities |
~43324) | ~53,772 | |||
| b. | Analysis ofcash and cash equivalents | 2022 | 2021 | ||
| Cash in hand and at bank | 111,571 | 162,193 | |||
| Total cash and cash equivalents | 111,571 | 162,193 |