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||Page|
|---|---|
|Legal and administrative
information||
|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|||
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||||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|
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||||||||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|
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||||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|
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|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|
##
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|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|
##
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|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%|
##
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|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|
##
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|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|