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2023-03-31-accounts

Trustees Mr Alex Spires
Mr Benjamin Trenchard
Mr Christopher
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 CBFChurch of England Funds
COIF Charities
Deposit Fund
80 Cheapside
London
EC2V 6DZ
Investment advisors CCLA Investment Management Limited
COIF Charities
Deposit Fund
80 Cheapside
London
EC2V 6DZ

Page
Trustees'
report		 1-5
Independent
examiner's		 report
Statement
offinanaal		 activities
Balance sheet
Notes to the financial statements 9-20

Unrestricted Restricted Endowment Total Total
funds funds funds
Notes 2023
8		 2023
f		 2023
6		 2023f 2022
lrrltttg~tgm:
Donations
and		 legacies 30 14,639 180 14,849 13,179
Investments 84,262 4,470 88,732 63,004
Total income and endowments 84,292 19,109 180 103,581 76,183
~dd it
Charitable
activities		 5 70,834 1,250 72,084 67,602
Net gains/(losses) on investments 10 13,361 13,361 146,363
Net incoming resources before
transfers 13,458 17,859 13,541 44,858 154,944
Gross transfers between funds (49,844) 49,844
Net movement in funds (36,386) 17,859 63,385 44,858 154,944
Fund balances at 1 April 2022 56,852 7,294 2,374,756 2,438,902 2,283,960
Fund balances at 31 March 2023 20,466 25,153 2,438,141 2,483,760 2,438,904

2023 2022
Notes
Fixed assets
Investment
property
Investments		 12
13		 1,180,000
1,258,141		 904,625
1,455,750
Current assets 2,438,141 2,360,375
Debtors
Cash at bank and		 in hand 14 16,117
54,508		 17,659
86,542
Creditors: amounts falling due within 70,625 104,201
one year 15 (25,006) (25,672)
Net current assets 45,619 78,529
Total assets less current liabilities 2,483,760 2,438,904
Capital funds
Endowment
funds
Income funds		 —general 16 2,438,141 2,374,756
Restricted
funds
Unrestricted
funds		 17 25,153 7,294
Designated
funds
General
unrestricted		 funds 18 10,716
9,750		 6,716
50,138
20,466 56,854
2,483,760 2,438,904

Donations and legacies
Unrestricted Restricted Endowment Total Total
funds funds funds
general
2023 2023 2023 2022
f f 5 5
Donations and gifts 30 14,639 180 14,849 11,179
Legacies receivable 2,000
30 14,639 180 14,849 13,179
Investmen ts
Unrestricted Restricted Total Total
funds funds
2023
8		 2023 2023 2022f
Rental income 49,007 49,007 21,667
Income from listed investments 35,179 4,441 39,620 41,322
Interest receivable 76 29 105 15
84,262 4,470 88,732 63,004

2023 2022
E 6
Light and heat 567 989
Repairs and maintenance 2,544
Insurance 939 1,380
Lettings management fees 2,965
7,015 2,369
Grant funding ofactivities (see note 6) 60,250 63,750
Share ofsupport costs (see note 7) 153 133
Share ofgovernance costs (see note 7) 4,666 1,350
72,084 67,602
Analysis
by		 fund
Unrestricted funds 70,834 63,852
Restricted funds 1,250 3,750
72,084 67,602

2023 2022
f
Grants to institutions:
Grants payable to Chapter 60,250 63,750

7 Supportcosts Supportcosts
Support Governance 2023 Support Governance 2022
costs costs costs costs
f f f f f
Subscriptions 153 153 127 127
Bank charges 6 6
Audit fees 1,649 1,649 1,350 1,350
Legal and professional 3,017 3,017
153 4,666 4,819 133 1,350 1,483
Analysed between
Charitable activities 153 4,666 4,819 133 1,350 1,483

2023 2022
Number Number

Net gains/(l oss es)
on inv		 estments
Endowment Endowment
funds funds
general general
2023
f		 2022f
Revaluation of investments (57,609) 120,866
Revaluation of investment properties 70,970 25,497
13,361 146,363

2023
f.
Fair value
At 1 April 2022 904,625
Additions through external acquisition 204,405
Net gains or losses through fair value adjustments 70,970
At 31 March 2023 1,180,000

Fixed as set investments
Listed
investments
6
Cost or valuation
At 1 April 2022 1,455,750
Valuation changes (57,609)
Withdrawals (140,000)
At 31 March 2023 1,258,141
Carrying amount
At 31 March 2023 1,258,141
At 31 March 2022 1,455,750

14 Debtors
2023 2022
Amounts
falling due		 within one year: 6
Trade debtors 15,600 7,800
Other debtors 6,693
Prepayments and accrued income 517 3,166
16,117 17,659
15 Creditors: amounts falling due within one year
2023 2022
Other taxation and social security 21,190
Trade creditors 10,251
Accruals and deferred income 3,816 15,421
25,006 25,672
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Movement in funds Movement
in funds
Balance at Incoming Transfers Balance at Incoming Balance at
1 April 2021 resources 1 April 2022 resources 31 March 2023
6 6
Property reserve 24,913 (24,913)
Property sinking fund 4,550 2,166 6,716 4,000 10,716
29,463 2,166 (24,913) 6,716 4,000 10,716
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20 Capital commitments Capital commitments 2023 2022f
At 31 March 2023 the Charity had capital commitments as follows'
Contracted for but not provided in the financial statements:
Acquisition of property, plant and equipment 156,828