| 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 2022 | |
| Balance Sheet | |
| Statement ofCashflows | 10 |
| Notes to the Financial Statements | 11-20 |
| Trustees: | The Right Reverend | Glyn Webster - Superior General (elected 11.10.2022) | Glyn Webster - Superior General (elected 11.10.2022) | |
|---|---|---|---|---|
| Father Darren Smith | - | Treasurer General (elected 08.10.18) | ||
| Father Paul Hutchins | - | Secretary General (elected 11.10.2022) | ||
| Father Peter Edwards | (elected 08.10.18) | |||
| Brother Colin James | Dickson (elected 09.10.19) | |||
| The Right Reverend | Roger Jupp (retired 11.10.2022) | |||
| Father Edward Martin | (retired 11.10.2022) | |||
| Registered | OIBce: | 16Commercial Street |
||
| Birmingham | ||||
| Bl 1RS | ||||
| Bankers: | Barclays Bank Pic | |||
| 2Victoria Street | ||||
| London | ||||
| SW1H OND | ||||
| Independent | Examiner: | Nicholas Simkins FCA |
||
| The Dower House | ||||
| Bonehill | ||||
| Staffordshire | ||||
| B783HX | ||||
| Investment | Managers; | CCLA | ||
| Senator House | ||||
| 85Queen Victoria Street | ||||
| London | ||||
| EC4V4ET |
| Restricted | Unrestricted | Total Funds | Total Funds | |||
|---|---|---|---|---|---|---|
| Note | Funds | Funds | 2023 | 2022 | ||
| 8 | 8 | |||||
| INCOME AND ENDOWMENTS FROM: | ||||||
| Donations snd legacies |
3,192 | 3,192 | 5,473 | |||
| Income from investments | 95,989 | 95,989 | 92,702 | |||
| Total incoming resources | 99,181 | 99,181 | 98,175 | |||
| EXPENDITURE ON: | ||||||
| Charitable activities |
92,781 | 92,781 | 50,899 | |||
| Total resources expended | 92,781 | 92,781 | 50,899 | |||
| Net income/(expenditure) | before gains aad | 6,400 | 6,400 | 47,276 | ||
| losses on investments | ||||||
| Net gains/(losses) from investments |
(144,867) | (144,867) | 385,939 | |||
| NKT INCOME / (EXPENDITURE) | (138,467) | (138,467) | 433,215 | |||
| Reconciliation offunds | ||||||
| Total funds brought forward | 4,056,073 | 4,056,073 | 3,622,858 | |||
| Total funds carried forward | 3,917,606 | 3,917,606 | 4,056,073 |
| Restricted | Unrestricted | Total Funds | Total Funds | |||
|---|---|---|---|---|---|---|
| Note | Funds | Funds | 2022 | 2021 | ||
| 5 | ||||||
| INCOME AND ENDOWMENTS FROM: | ||||||
| Donations and legacies |
5,473 | 5,473 | 1,267 | |||
| Income trom 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) Irom investments |
385,939 | 385,939 | 154,024 | |||
| NKT INCOME | 433,215 | 433,215 | 18$,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 |
| Note | 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating | activities: | ||||||||
| Net cash provided by/(used |
in) operating | activities | 17a | ( 87,422) | ( 43,324) | ||||
| Net cash provided by/(used |
in) operating | activities | ( 87,422) | ( 43,324) | |||||
| Cash flows from investing | activities: | ||||||||
| Dividends and interest from |
investments | 95,989 | 92,702 | ||||||
| New invesnnents | (50,000) | (100,000) | |||||||
| Fixed asset additions | (780) | ||||||||
| Net cash provided by/(used |
in) investing | activities | 45,209 | (7,298) | |||||
| Change in cash and cash equivalents | in | the | reporting | period | (42,213) | (50,622) | |||
| Cash and cash equivalents | at the beginning | ofthe period | 111,571 | 162,193 | |||||
| Cash and cash equivalents | at the end | of | the | reporting | period | 17b | 69/58 | 111,571 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| E | ||||
| Administration | support | 12,500 | 12,000 | |
| Quarterly | paper | 10,744 | 9,780 | |
| Office costs | 1,996 | 1,040 | ||
| Meeting | costs | 193 | 35 | |
| 25,433 | 22,855 |
| individu | als | and institutions | in further | ance ofits charitabl |
e activities. | |||
|---|---|---|---|---|---|---|---|---|
| Support | ||||||||
| Activities | Grant | and | ||||||
| undertaken | funded | governance | 2023 | 2022 | ||||
| Note | directly | activity | costs | Total | Total | |||
| Funded | from unrestricted | funds: | ||||||
| Superior | general expenses | 1,410 | 1,410 | 398 | ||||
| Quarterly | papers | 10,656 | 10,656 | 9,765 | ||||
| Printing | &stationery | 2,546 | 2,546 | 1,185 | ||||
| Meeting | costs | 387 | 387 | 35 | ||||
| Cathehetical | work | 30,400 | 30,400 | |||||
| Council | general meeting | 1,293 | 1,293 | 1,274 | ||||
| Grants | 7 | 26,692 | 26,692 | 21,469 | ||||
| ACS support | 9,500 | 3,000 | 12,500 | 12,000 | ||||
| Independent | examination | 2,700 | 2,700 | 2,520 | ||||
| Depreciation | 2,074 | 2,074 | 1,996 | |||||
| Other | 2,123 | 2,123 | 257 | |||||
| 50,089 | 36192 | 5100 | 92181 | 50,899 |
| 6 | ||
|---|---|---|
| Choir Church | 1,500 | |
| Contribution | tomusic outreach minister | 10,000 |
| Taster days | 500 | |
| Support of | festivals | 4,000 |
| Electric bicycle | 2,000 | |
| Residential | trips | 850 |
| Monstrance | 2,105 | |
| Sound system | 5,000 | |
| Lamps | 737 | |
| 26,692 |
| Additional Curates Society |
Additional Curates Society |
2,105 |
|---|---|---|
| All Saints Lincoln | 10,000 | |
| All Saints General Fund | 850 | |
| Glastonbury Pilgrimage |
Association | 4,000 |
| Sarum StMartin | 2,000 | |
| StGeorges Preston | 5,000 | |
| Root | 500 | |
| Holy Trinity Tarleton | 1,500 | |
| St Salvadors Edinburgh | 737 | |
| 26,692 |
| VERNANCE | COSTS | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| g | ||||
| Allocated overheads: | ||||
| ACS Admin | Support | 3,000 | 3,000 | |
| Superior General Expenses | 100 | |||
| 3000 | 3 700 | |||
| Direct costs | ||||
| Independent | Examination | Fee | 2,700 | 2,520 |
| Total | 5700 | 5,620 |
| ANGIBLE FIXEDASSETS | |||
|---|---|---|---|
| Sacred | Fixtures, | Total | |
| Vessels | Fittings dk |
||
| Equipment | |||
| dr Regalia | |||
| g | |||
| COST | |||
| 1 February 2022 | 35433 | 5,512 | 40,945 |
| Additions | 780 | 780 | |
| 31January2023 | 35,433 | 6,292 | 41,725 |
| ACCUMULATED DEPRECIATION | |||
| I February 2022 | 27,776 | 5,512 | 33,288 |
| Charge for the year | 1,996 | 78 | 2,074 |
| 31January 2023 | 29,772 | 5,590 | 35,362 |
| NET BOOKVALUE | |||
| 31 January 2023 | 5,661 | 702 | 6363 |
| 31January 2022 | 7,657 | 7,657 |
| 11. | FIXEDASSETINVESTMENTS | ||
|---|---|---|---|
| CCLA | |||
| Investments | |||
| Market value at 31January 2022 | 3,938,541 | ||
| Gains / (Losses) in the year | (144,867) | ||
| Investment additions |
50,000 | ||
| Market value at 31January 2023 | 3,843,674 | ||
| Market value at 31January 2021 | 3,452,602 | ||
| Gains / (Losses) in the year | 385,939 | ||
| Investment additions |
100,000 | ||
| Market value at 31January 2022 | 3,938,541 | ||
| 2023 | 2022 | ||
| Investments per Type: | 8 | ||
| Multi-asset pooled funds | 3,836,777 | 3,930,926 | |
| Pooled Fund —Bonds | 6,897 | 7,615 | |
| 3,843 474 | 3938841 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| 8 | 8 | ||||
| CCLA | - CBSCapital Growth Fund | 513,376 | 13% | 469,514 | 12% |
| CCLA | Fund | 3,246,581 | 84% | 3,381,403 | 86% |
| 12. | DEBTORS | |||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| g | ||||||
| Prepayments | 911 | 824 | ||||
| 911 | 824 | |||||
| 13. | CREDITORS: Amounts | falling due within one year | ||||
| 2023 | 2022 | |||||
| 6 | ||||||
| Accruals | 2,700 | 2,520 | ||||
| 2,700 | 2,520 | |||||
| 14. | ANALYSIS OFNET ASSETSBETWEEN FUNDS | |||||
| Restricted | Unrestricted | Total | ||||
| Funds | Funds | |||||
| g | ||||||
| Tangible Fixed Assets | 6,363 | 6,363 | ||||
| Investinents | 3,843,674 | 3,843,674 | ||||
| Current Assets | 70,269 | 70,269 | ||||
| Creditors: amounts | falling | due within one year | (2,700) | (2,700) | ||
| 3,917,606 | 3,917,606 |
| Balance at 1 | Incoming | Outgoing | Investments | Balance at 31 | ||
|---|---|---|---|---|---|---|
| February | Resources | Resources | gains/(losses) | January | ||
| 2022 | 2023 | |||||
| Restricted Funds | ||||||
| Unrestricted | Funds | 4,056,073 | 99,181 | (92,781) | (144,867) | 3,917,606 |
| 4,056,073 | 99,181 | (92,781) | (144,867 | 3,917,606 |
| 17. | NOTES TO THE CASH FLOW STATEMENT | NOTES TO THE CASH FLOW STATEMENT | |||
|---|---|---|---|---|---|
| a. | Reconciliation ofnet income/(expenditure) | to net cash flow | 2023 | 2022 | |
| from operating activities |
|||||
| Reconciliation ofnet income/(expenditure) | for the reporting | period | |||
| (as per the statement offinancial activities) | (138,467) | 433,215 | |||
| Adjustments for: |
|||||
| Depreciation charges |
2,074 | 1,996 | |||
| (Gains)/losses on investments |
144,867 | (385,939) | |||
| Dividends, interest and rents fmm investments |
(95,989) | (92,702) | |||
| Decrease/(increase) in debtors |
(87) | (14) | |||
| Increase/(decrease) in creditors |
180 | 120 | |||
| Net cash (used in) operating activities | 87422 | 43 324 | |||
| b. | Analysis ofcash and cash equivalents | 2023 | 2022 | ||
| Cash in hand and at bank Total cash and cash equivalents |
69,358 ~69 6$ |
111,571 111,671 |