| Trustees | Mr Alex Spires | |||||||
|---|---|---|---|---|---|---|---|---|
| Mr Benjamin Trenchard | ||||||||
| Mr Chnstopher Trotman |
||||||||
| Mr Simon Nurser | ||||||||
| The Reverend Canon Tim Alban |
Jones | |||||||
| Miss Anne McDonald | ||||||||
| Mr Marius Carney | ||||||||
| Miss Tansy Castledine | ||||||||
| The Reverend Dr |
Rowan Williams | |||||||
| Mr Richard Tapp | (Appointed | 24 May 2022) | ||||||
| Charity number | 1085870 | |||||||
| Principal | address | Cathedral Office |
||||||
| Minster Precincts | ||||||||
| Peterborough | ||||||||
| PE1 1XS | ||||||||
| Independent | examiner | Kerry Hilliard ACA | FCCA CTA | |||||
| Bankers | Barclays Bank PLC | |||||||
| 1 Church Street | ||||||||
| Peterborough | ||||||||
| Cambridgeshire | ||||||||
| PE1 1XE | ||||||||
| The CBF Church of England | Funds | |||||||
| COIF Charities Deposit Fund |
||||||||
| 80Cheapside | ||||||||
| London | ||||||||
| EC2V 6DZ | ||||||||
| Investment | advisors | COLA Investment | Management | Limited | ||||
| COIF Charities Deposit Fund |
||||||||
| 80 Cheapside | ||||||||
| London | ||||||||
| EC2V 6DZ |
| Page | |||
|---|---|---|---|
| Trustees' report |
1-5 | ||
| Independent examiner's |
report | ||
| Statement offinancial |
activities | ||
| Balance sheet | |||
| Notes to the financial | statements | 9- 18 |
| Unrestricted | Restricted | Endowment | Total | Total | |||||
|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | |||||||
| 2022 | 2022 | 2022 | 2022 | 2021 | |||||
| Notes | E | E | F | E | E | ||||
| ~In o~~m: | |||||||||
| Donations and legacies |
13,179 | 13,179 | 3,939 | ||||||
| Investments | 58,656 | 4,348 | 63,004 | 71,568 | |||||
| Total income and | endowments | 58,656 | 4,348 | 13,179 | 76,183 | 75,507 | |||
| ~E* dit |
|||||||||
| Charitable activities |
5 | 63,852 | 3,750 | 67,602 | 69,339 | ||||
| Net gains/(losses) | on investments | 10 | 146,363 | 146,363 | 283,140 | ||||
| Net (outgoing))incoming | resources | ||||||||
| before transfers | (5,196) | 598 | 159,542 | 154,944 | 289,308 | ||||
| Gross transfers | between | funds | 11,672 | (11,672) | |||||
| Net movement | in | funds | 6,476 | (11,074) | 159,542 | 154,944 | 289,308 | ||
| Fund balances at 1 April | 2021 | 50,378 | 18,368 | 2,215,214 | 2,283,960 | 1,994,652 | |||
| Fund balances | at | 31 March 2022 | 56,854 | 7,294 | 2,374,756 | 2,438,904 | 2,283,960 |
| 2022 | 2021 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Notes | 8 | F | |||||||
| Fixed assets | |||||||||
| Investment | properties | 11 | 904,625 | 604,901 | |||||
| Investments | 12 | 1,455,750 | 1,434,884 | ||||||
| 2,360,375 | 2,039,785 | ||||||||
| Current assets | |||||||||
| Debtors | 14 | 17,659 | 3,062 | ||||||
| Cash at bank and | in | hand | 86,542 | 245,912 | |||||
| 104,201 | 248, | 974 | |||||||
| Creditors: | amounts | falling due within | |||||||
| one year | 15 | (25,672) | (4,799) | ||||||
| Net current | assets | 78,529 | 244,175 | ||||||
| Total assets less | current liabilities | 2,438,904 | 2,283,960 | ||||||
| Capital funds | |||||||||
| Endowment | funds | - general | 18 | 2,374,756 | 2,215,214 | ||||
| Income funds | |||||||||
| Restricted | funds | 17 | 7,294 | 18,368 | |||||
| ll *t i t |
dt d |
||||||||
| Designated | funds | 18 | 6,716 | 29,463 | |||||
| General unrestricted |
funds | 50,138 | 20,915 | ||||||
| 56,854 | 50,378 | ||||||||
| 2,438,904 | 2,283,960 | ||||||||
| The financial statements | were approved | by the Trustees on | ...... .L...!.......... | 2 | 0% | ||||
| ~ |
| Endowment | Total | ||||
|---|---|---|---|---|---|
| funds | |||||
| general | |||||
| 2022 | 2021 | ||||
| f | 6 | ||||
| Donations | and gifts | 11,179 | 3,939 | ||
| Legacies | receivable | 2,000 | |||
| 13,179 | 3,939 | ||||
| Investments | |||||
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | ||||
| 2022 | 2022 | 2022 | 2021 | ||
| 6 | 6 | ||||
| Rental income | 21,667 | 21,667 | 26,000 | ||
| Income from listed investments | 36,982 | 4,340 | 41,322 | 45,511 | |
| Interest receivable | 7 | 8 | 15 | 57 | |
| 58,656 | 4,348 | 63,004 | 71,568 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| 6 | F | ||||
| Light and | heat | 989 | 985 | ||
| Insurance | 1,380 | 462 | |||
| 2,369 | 1,447 | ||||
| Grant funding | of activities (see note 6) | 63,750 | 60,533 | ||
| Share of | support costs (see note 7) | 133 | 300 | ||
| Share of | governance | costs (see note 7) | 1,350 | 7,059 | |
| 67,602 | 69,339 | ||||
| Analysis | by | fund | |||
| Unrestncted | funds | 63,852 | 69,339 | ||
| Restricted | funds | 3,750 | |||
| 67,602 | 69,339 |
| 2022 | 2021 | ||
|---|---|---|---|
| 8 | |||
| Grants | to institutions. | ||
| Grants | payable to Chapter | 63,750 | 60,533 |
| Support | costs | ||||||
|---|---|---|---|---|---|---|---|
| Support | Governance | 2022 | Support | Governance | 2021 | ||
| costs | costs | costs | costs | ||||
| E | E | 6 | E | E | E | ||
| Subscriptions | 127 | 127 | 300 | 300 | |||
| Bank charges | 6 | 6 | |||||
| Audit fees | 1,350 | 1,350 | 1,715 | 1,715 | |||
| Legal and | professional | 5,344 | 5,344 | ||||
| 133 | 1,350 | 1,483 | 300 | 7,059 | 7,359 | ||
| Analysed | between | ||||||
| Charitable | activities | 133 | 1,350 | 1,483 | 300 | 7,059 | 7,359 |
| 2022 | 2021 |
|---|---|
| Number | Number |
| Endowment | Endowment | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| general | general | ||||
| 2022 | 2021 | ||||
| 8 | 6 | ||||
| Revaluation | of | investments | 120,866 | 283,140 | |
| Revaluation | of | investment | properties | 25,497 | |
| 146,363 | 283,140 |
| 2022 | ||||
|---|---|---|---|---|
| F | ||||
| Fair value | ||||
| At 1 April 2021 | 604,901 | |||
| Additions | through | external | acquisition | 274,227 |
| Net gains | or losses through | fair value adjustments | 25,497 | |
| At 31 March 2022 | 904,625 |
| Listed | ||||||
|---|---|---|---|---|---|---|
| investments | ||||||
| Cost or valuation | ||||||
| At 1 April | 2021 | 1,434,884 | ||||
| Valuation | changes | 120,866 | ||||
| Withdrawals | (100,000) | |||||
| At 31 March 2022 | 1,455,750 | |||||
| Carrying | amount | |||||
| At 31 March 2022 | 1,455,750 | |||||
| At 31 March 2021 | 1,434,884 | |||||
| 13 | Financial | instruments | 2022 | 2021 | ||
| F | F | |||||
| Carrying | amount of | financial assets | ||||
| Instruments | measured | at fair value through | profit or loss | 1,455,750 | 1,434,884 |
| Debtors | ||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Amounts falling due |
within one year: | 6 | ||
| Trade debtors | 7,800 | |||
| Other debtors | 6,693 | |||
| Prepayments | and accrued income | 3,166 | 3,062 | |
| 17,659 | 3,062 | |||
| Creditors: amounts | falling due within one year | |||
| 2022 | 2021 | |||
| 6 | ||||
| Other taxation | and social security | 940 | ||
| Trade creditors | 10,251 | 2,058 | ||
| Accruals and |
deferred | income | 15,421 | 1,801 |
| 25,672 | 4,799 |
| Movement | Movement | in funds | ||||||
|---|---|---|---|---|---|---|---|---|
| in funds | ||||||||
| Balance at | Incoming | Balance at | Incoming | Revaluations | Balance at | |||
| 1 April 2020 | resources | 1 April 2021 | resources | gains and 31 March 2022 | ||||
| losses | ||||||||
| Permanent | endowments | |||||||
| Franklin | Bequest | 126,722 | 126,722 | 126,722 | ||||
| General | Music endowment | 1,805,172 | 283,320 | 2,088,492 | 13,179 | 146,363 | 2,248,034 | |
| 1,931,894 | 283,320 | 2,215,214 | 13,179 | 146,363 | 2,374,756 |
| Movement | Movement | Movement | in funds | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| in funds | ||||||||||
| Balance at | Incoming | Balance at | Incoming | Resources | Transfers | Balance at | ||||
| 1 | April 2020 | resources | 1 April 2021 | resources | expended | 31 March 2022 | ||||
| 6 | 6 | 6 | 6 | 6 | 6 | |||||
| Income | from | |||||||||
| Franklin | ||||||||||
| Bequest | 10,393 | 7,975 | 18,368 | 4,348 | (3,750) | (11,672) | 7,294 |
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| 20 | Capital commitments | Capital commitments | 2022 | 2021 | |||
|---|---|---|---|---|---|---|---|
| 6 | 6 | ||||||
| At 31 March | 2022 the | Charity | had capital commitments | as follows: | |||
| Contracted | for but not | provided | in the financial statements: | ||||
| Acquisition | of property, | plant and equipment | 156,828 | 282,487 |