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|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<br>part ofthe|Financial Statements||11-18|





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|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<br>Accountants|||
|||||The Clock Tower|||
|||||5 Farleigh Court|||
|||||Old Weston Road|||
|||||Flax Bourton|||
|||||Bristol BS481UR|||
|Solicitors:||||Edmondson<br>Hall|||
|||||25 Exeter Road|||
|||||Newmarket|||
|||||Suffolk CB88AR|||
|Bankers:||||CAF Bank|||
|||||25 Kings<br>Hill Avenue|||
|||||Kings<br>Hill|||
|||||West Mailing|||
|||||ME194JQ|||





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||||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<br>activities|||151,730||151,730|144,240|
|Other trading<br>activities|||7,037||7,037|1,256|
|Investments|||10||10|70|
|Total income|||220,492||220,492|347,975|
|Expenditure<br>on:|||||||
|Raising funds|||2,463|9,319|11,782|11,902|
|Charitable<br>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<br>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|





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|||||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<br>falling due<br>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<br>funds||||16|129,564|136,006|
|Restricted funds||||16|4,696,713|4,730,801|
|Total funds|||||5,398,453|5,396,782|



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||||||||||2022|2022|2021|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Notes|E|8|F|
|Net cash inflow from operating|||activities|||||||43,008|168,164|
|Non-operational<br>cash flows||||||||||||
|Investing<br>activities||||||||||||
||Investment<br>income||||||||10||70|
|||||||||||10|70|
|Net cash (outflow)/inflow<br>for the year||||||||||43,018|168,234|
|NOTES TO THE CASH FLOW STATEMENT||||||||||2022|2021|
|||||||||||8||
||Reconciliation<br>ofnet movement|||in funds||to|net cash inflow from operating|activities||||
||Statement<br>of Financial Activities:|||Net movement|||in funds|||1,671|68,193|
||Investment<br>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<br>in|hand|||||||533,495|490,477|43,018|
||||||||||533,495|490,477|43,018|
||||||||||2021<br>E|2020<br>F|Changef|
||Cash at bank and<br>in|hand|||||||490,477|322,243|168,234|
||||||||||490,477|322,243|168,234|



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||||||||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<br>Scheme payments||and local council|grants|paid<br>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<br>benefit received|||||||58,217||58,217|68,480||
|Client contributions<br>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<br>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<br>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<br>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,<br>key management||||personnel|||and related|party||donations|in the|year were ENII (2021:fNil).|||||
|Staff costs|and numbers||||||||||||||||
|The aggregate<br>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|





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|9|Fund-analysis|comparati|ve<br>figures||||
|---|---|---|---|---|---|---|
|||||Unrestricted||Total|
|||||General|Restricted|Funds|
|||||Funds|Funds|2021|
||Income from:||||||
||Donations<br>and|legacies||202,409||202,409|
||Charitable<br>activities|||144,240||144,240|
||Other trading<br>activities|||1,256||1,256|
||Investments|||70||70|
||Total income|||347,975||347,975|
||Expenditure<br>on:||||||
||Raising funds|||2,583|9,319|11,902|
||Charitable<br>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<br>&||
|||||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<br>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<br>(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<br>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<br>and||it can|
|be deemed<br>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<br>Funds||||||
|Capital<br>Fund|4,730,801||(34,088)||4,696,713|
||4 730801||~34 088||4,696,713|
|Unrestricted<br>Funds||||||
|Designated<br>Funds||||||
|Net Book Value of Fixed Assets|136,006||(6,442)||129,564|
|General<br>Funds||||||
|General<br>Fund|529,975|220,492|(178,291)||572,176|
|Unrestricted<br>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<br>Funds||||||
|Capital<br>Fund<br>Furlough<br>Grant|4,764,889<br>2,351<br>4 767240||(34,088)<br>~2,361<br>~36438||4,730,801<br>4 730 801|
|Unrestricted<br>Funds||||||
|Designated<br>Funds||||||
|Net Book Value of Fixed Assets|144,900||(8,894)||136,006|
|General<br>Funds||||||
|General<br>Fund|416,449|347,975|(234,449)||529,975|
|Unrestricted<br>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|