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2022-03-31-accounts

CONTENTS
Page
Report ofthe Trustees 1-5
Reference and Administrative Information
Report ofthe Independent Examiner
Statement of Financial Activities
BaIanceSheet
Statement ofCash Flows 10
Notes forming
part ofthe		 Financial Statements 11-18

Trustees and directors: Trustees and directors: Trustees and directors: Trustees and directors: Rev Canon Christopher Whitehead (Chair)
Rev Canon Michael Fitzpatrick
David Shakesby
Lyn Murray
Secretary: James Banaghan
Project managers: Susan Jotcham
James Banaghan
John Jotcham
Company number: 04730515
Charity registration number: 1104408
Date of incorporation: 10April 2003
Date of Charity registration: 17June 2004
Registered office and
principal address: StJames Priory
Whitson Street
Bristol BS1 3NZ
Independent Examiner: Joshua Kingston BSc, ACA
Burton Sweet Limited
Chartered
Accountants
The Clock Tower
5 Farleigh Court
Old Weston Road
Flax Bourton
Bristol BS481UR
Solicitors: Edmondson
Hall
25 Exeter Road
Newmarket
Suffolk CB88AR
Bankers: CAF Bank
25 Kings
Hill Avenue
Kings
Hill
West Mailing
ME194JQ

Unrestricted Total Total
General Restricted Funds Funds
Funds Funds 2022 2021
Note 6 E 6 6
Income from:
Grants and Donations 61,715 61,715 202,409
Charitable
activities		 151,730 151,730 144,240
Other trading
activities		 7,037 7,037 1,256
Investments 10 10 70
Total income 220,492 220,492 347,975
Expenditure
on:
Raising funds 2,463 9,319 11,782 11,902
Charitable
activities		 182,270 24,769 207,039 267,880
Total expenditure 184,733 34,088 218,821 279,782
Net income/(expenditure) and net movement
in funds 35,759 (34,088) 1,671 68,193
Reconciliation
offunds
Total funds at 1 April 2021 15 665,981 4,730,801 5,396,782 5,328,589
Total funds at 31 March 2022 15 701,740 4,696,713 5,398,453 5,396,782

Note 2022 2021
f.'
Fixed assets
Tangible assets 10 4,826,277 4,866,807
Investments 11 3 3
4,826,280 4,866,810
Current assets
Debtors 12 48,009 47,481
Cash at bank and in hand 533,495 490,477
581,504 537,958
Creditors: amounts
falling due
within one year		 13 ~9,331 ~7,996
Net current assets 572,173 529,972
Total assets less current liabilities 5,398,453 5,396,782
Net assets 5,398,453 5,396,782
Funds
Unrestricted funds
General funds 16 572,176 529,975
Designated
funds		 16 129,564 136,006
Restricted funds 16 4,696,713 4,730,801
Total funds 5,398,453 5,396,782

2022 2022 2021
Notes E 8 F
Net cash inflow from operating activities 43,008 168,164
Non-operational
cash flows
Investing
activities
Investment
income		 10 70
10 70
Net cash (outflow)/inflow
for the year		 43,018 168,234
NOTES TO THE CASH FLOW STATEMENT 2022 2021
8
Reconciliation
ofnet movement		 in funds to net cash inflow from operating activities
Statement
of Financial Activities:		 Net movement in funds 1,671 68,193
Investment
income		 (10) (70)
Depreciation 40,530 42,982
(Decrease)/Increase in creditors: Current Liabilities 1,345 (870)
Decrease/(Increase) in debtors (528) 57,929
Net cash inflow from operating activities 43,008 168,164
B. Analysis ofchanges in cash flow during the year 2022 2021 Change
6 F
Cash at bank and
in		 hand 533,495 490,477 43,018
533,495 490,477 43,018
2021
E		 2020
F		 Changef
Cash at bank and
in		 hand 490,477 322,243 168,234
490,477 322,243 168,234

Unrestricted Restricted Total Funds Total Funds
Funds Funds 2022 2021
6 6 6
Donations 21,561 21,561 9,881
Grants 50,000
Government grants received 40,154 40,154 142,528
61,715 61,715 202,409
All income from Grants and Donations in 2021 was unrestricted.
Government grants received in the current and prior year related to Coronavirus Job Retention
Scheme payments		 and local council grants paid
i
to business recovery from COVID-19.
Income from: Charitable Activities
Unrestricted Restricted Total Funds Total Funds
Funds Funds 2022 2021
F E f
Housing
benefit received		 58,217 58,217 68,480
Client contributions
for accommodation		 12,909 12,909 8,027
Rental income - Walsingham House 80,604 80,604 67,733
151,730 151,730 144,240
All income from Charitable Activities in 2021 was unrestricted.
Income from: Other Trading Activities
Unrestricted Restricted Total Funds Total Funds
Funds Funds 2022 2021
Room hire and catering
income		 4,100 4,100 1,256
Other income 2,937 2,937
7,037 7,037 1,256
All income from Other Trading Activities in 2021 was unrestricted.
Expenditure on: Raising funds
Unrestricted Restricted Total Funds
Funds Funds 2022
F
Staff salaries 2,463 2,463
Support costs reallocated (see note 6) 9,319 9,319
2 463 9319 11782
Prior year co mparative
Unrestricted Restricted Total Funds
Funds Funds 2021
Staff salaries 2,583 2,583
Support costs reallocated (see note 6) 9,319 9,319
2 583 9319 11902
Expenditure on: Charitable activities
StJames
StJames Priory Walsingham Total Funds
House Church House 2022
6 F 6
Staff salaries 22,310 65,102 87,412
Household
costs		 648 1,784 2,432
Rates and utilities 11,598 7,043 18,641
Repairs and maintenance 5,452 7,011 12,463
Liturgical costs 3,697 3,697
Support costs reallocated (see below) 7,002 70,729 4,663 82,394
47,010 155,366 4,663 207,039
Prior year comparative
StJames
StJames Priory Walsingham Total Funds
House Church House 2021
Staff salaries 23,003 101,041 124,044
Household 987 1,856 2,843
Rates and utilities 7,629 9,211 16,840
Repairs and maintenance 976 9,437 10,413
Liturgical costs 3,863 3,863
Support costs reallocated (see below) 6,967 102,910 109,877
39,562 228,318 267,880
Support costs ofcharitable activities Lraising funds
StJames
Raising StJames Priory Walsingham Total Funds
funds House Church House 2022
F
Support staff salaries 26,537 26,537
Telephone 1,117 2,343 3,460
Office expenses 1,109 3,244 4,353
Insurance 14,588 14,588
Bad debts (7,335) (7,335)
Bank charges 223 223
Independent examiner's fees 1,550 1,550
Legal and professional fees 3,143 4,663 7,806
Depreciation of buildings 9,319 4,776 24,769 38,864
Depreciation ofequipment 1,667 1,667
9,319 7,002 70,729 4,663 91,713

Prior year comparative
StJames
Raising St James Priory Walsingham Total Funds
funds House Church House 2021
6 6
Support staff salaries 26,775 26,775
Equipment maintenance 344 30 374
Telephone 503 2,266 2,769
Office expenses 1,044 4,889 5,933
Insurance 14,364 14,364
Sundry expenses 23,664 23,664
Bank charges 355 355
Independent examiner's fees 300 1,680 1,980
Depreciation of buildings 9,319 4,776 24,769 38,864
Depreciation ofequipment 4,118 4,118
9,319 6,967 102,910 119,196
Support costs are split between fundraising costs and charitable activity costs based upon usage.
Staff costs and pensions are allocated based on an estimated split oftime spent. Other costs that are not directly related to a specific activity
are allocated
pro rata to		 the total costs.
Net income/(expenditure)
This is stated after charging:
2022 2021
6 f
Depreciation 40,530 42,982
Independent examination fees 1,550 1,584
Other services 396
There were no Trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021.
There were no Trustees' expenses paid during the year ended 31 March 2022 nor for the year ended 31 March 2021.
The total Trustee,
key management		 personnel and related party donations in the year were ENII (2021:fNil).
Staff costs and numbers
The aggregate
payroll costs were:
2022 2021
6 f
Wages and salaries 110,271 144,439
Social security costs 4,422 6,551
Employers pension 1,719 2,412
116,412 153,402
2022 2021
No. No.
Charitable activities 4 7

9 Fund-analysis comparati ve
figures
Unrestricted Total
General Restricted Funds
Funds Funds 2021
Income from:
Donations
and		 legacies 202,409 202,409
Charitable
activities		 144,240 144,240
Other trading
activities		 1,256 1,256
Investments 70 70
Total income 347,975 347,975
Expenditure
on:
Raising funds 2,583 9,319 11,902
Charitable
activities		 240,760 27,120 267,880
Total expenditure 243,343 36,439 279,782
Net income/(expenditure) and 104,632 (36,439) 68,193
net movement in funds
Total funds at 1 April 2020 561,349 4,767,240 5,328,589
Total funds at 31 March 2021 665,981 4,730,801 5,396,782
10 Tangible fixed assets
Freehold Furniture,
Land & fittings
&
Buildings equipment Totals
6 6
Cost
At 1 April 2021 5,658,422 20,589 5,679,011
Additions
Disposals
At 31 March 2022 5,658,422 20,589 5,679,011
Depreciation
At 1 April 2021 793,893 18,311 812,204
Charge for the year 38,863 1,667 40,530
At 31 March 2022 832 758 19978 852 734
Net book value
At 31 March 2022 4,825,666 611 4,826,277
At 31 March 2021 4,864,529 2,278 4,866,807
Fixed asset in v est ments
Total Total
2022 2021
E
Shares
in subsidiary		 undertaking
The investment consists of a 100%holding in StJames Chapter House Limited, the charitable company's trading subsidiary.
The results for the subsidiary are summarised below;
2022 2021
E f
Profit &Loss Account
Turnover
Cost ofSales
Gross Profit
Administrative Expenses (530) (1,775)
Other Operating Income (1,830)
Operating
(Loss)/Profit		 (530) (3,605)
Capital &Reserves
Called up share capital 3 3
Profit and loss reserve (37,659) (37,129)
(37,656) (37,126)
Debtors
Total Total
2022 2021
Trade debtors 33,281 30,664
Amounts
due from subsidiary		 undertakings 30,909 39,596
Less: Provision for intercompany debtor (30,909) (39,596)
VAT debtor 7,314 7,615
Other debtors 7,414 9,202
48,009 47,481
The intercompany balance ofE30,909has a material uncertainty of being repaid by the trading subsidiary. Therefore there will be no further
advances to the subsidiary until a review offinancial performance ofthe trading subsidiary, once reopened, has been performed
and		 it can
be deemed
that		 the amounts due can be repaid.
Creditors: amounts falling due within one year
Total Total
2022 2021
E
Trade creditors 3,628 1,566
Other taxation 8 social security 1,938 1,946
Other creditors (40) 532
Accruals 3,805 3,942
9,331 7,986

Current year
At At
1 April 31 March
2021 Income Expenditure Transfers 2022
Restricted
Funds
Capital
Fund		 4,730,801 (34,088) 4,696,713
4 730801 ~34 088 4,696,713
Unrestricted
Funds
Designated
Funds
Net Book Value of Fixed Assets 136,006 (6,442) 129,564
General
Funds
General
Fund		 529,975 220,492 (178,291) 572,176
Unrestricted
Funds Subtotal		 665,981 220,492 (184,733) 701,740
Total Funds 5,396,782 220,492 (218,821) 5,398,453
Prior year
At At
1 April 31 March
2020 Income Expenditure Transfers 2021
R 8 E
Restricted
Funds
Capital
Fund
Furlough
Grant		 4,764,889
2,351
4 767240		 (34,088)
~2,361
~36438		 4,730,801
4 730 801
Unrestricted
Funds
Designated
Funds
Net Book Value of Fixed Assets 144,900 (8,894) 136,006
General
Funds
General
Fund		 416,449 347,975 (234,449) 529,975
Unrestricted
Funds Subtotal		 561,349 347,975 (243,343) 665,981
Total funds 5,328,589 347,975 (279,782) 5,396,782

Analysis ofnet a ssets between funds
Current Year Unrestricted funds
Restricted Designated General 2022
funds funds funds Total
k F E
Tangible fixed assets 4,696,713 129,564 4,826,277
Cash at bank and in hand 532,675 532,675
Other current assets 39,501 39,501
4,696,713 129,564 572,176 5,398,453
Prior Year Unrestricted funds
Restricted Designated General 2021
funds funds funds Total
k E f E
Tangible fixed assets 4,730,801 136,006 4,866,807
Cash at bank and in hand 490,474 490,474
Other current assets 39,501 39,501
4,730,801 136,006 529,975 5,396,782