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|---|---|---|---|
|Report of|the Trustees||1-5|
|Reference|and Administrative
Information|||
|Report of|the Independent|Examiner||
|Statement|of Financial
Activities|||
|Balance Sheet||||
|Statement|of Cash Flows||10|
|Notes forming
part ofthe||Financial Statements|11-18|
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|Trustees and directors:|Trustees and directors:|Trustees and directors:|Trustees and directors:|Lyn Murray (Chair)||||
|---|---|---|---|---|---|---|---|
|||||Rev Canon Michael Fitzpatrick||||
|||||David Shakesby||||
|||||Corinne
Fitzpatrick —Appointed||15|August 2023|
|||||Rev Canon Christopher|Whitehead||—Resigned 31|
|||||January 2023||||
|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||||
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|||||Unrestricted||Total|Total|
|---|---|---|---|---|---|---|---|
|||||General|Restricted|Funds|Funds|
||||Note|Funds
E|Funds
E|2023
E|2022f|
|Income from:||||||||
|Grants and Donations||||45,199|500|45,699|61,715|
|Charitable
activities||||115,758||115,758|151,730|
|Other trading
activities||||17,352||17,352|7,037|
|Investments||||2,794||2,794|10|
|Total income||||181,103|500|181,603|220,492|
|Expenditure
on:||||||||
|Raising funds||||6,650|9,319|15,969|11,782|
|Charitable
activities||||174,330|25,269|199,599|207,039|
|Total expenditure||||180,980|34,588|215,568|218,821|
|Net income/(expenditure)|and net movement|in||||||
|funds||||123|(34,088)|(33,965)|1,671|
|Reconciliation
offunds||||||||
|Total funds at 1 April 2022|||15|701,740|4,696,713|5,398,453|5,396,782|
|Total funds at 31 March|2023||15|701,863|4,662,625|5,364,488|5,398,453|
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|||||Note|2023|2022|
|---|---|---|---|---|---|---|
|Fixed assets|||||||
|Tangible assets||||10|4,787,255|4,826,277|
|Investments||||11|3|3|
||||||4,787,258|4,826,280|
|Current assets|||||||
|Debtors||||12|42,419|48,009|
|Cash at bank|and|in|hand||545,288|533,495|
||||||587,707|581,504|
|Creditors: amounts|||falling|due|||
|within|one||year|13|(10,477)|(9,331)|
|Net current assets|||||577,230|572,173|
|Total assets|less|current||liabilities|5,364,488|5,398,453|
|Net assets|||||5,364,488|5,398,453|
|Funds|||||||
|Unrestricted|funds||||||
|General funds||||16|577,233|572,176|
|Designated
funds||||16|124,630|129,564|
|Restricted funds||||16|4,662,625|4,696,713|
|Total funds|||||5,364,488|5,398,453|
|For the year ending|||31 March 2023 the company was entitled to exemption||from audit under section 477 ofthe Companies
Act|2006 relating to small|
|corn panies.|||||||
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|||||||||2023|2023|2022|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||Notes|f.|||
|Net cash inflow from operating||activities|||||||9,565|43,008|
|Non-operational
cash flows|||||||||||
|Investing
activities|||||||||||
|Purchase offixed assets||||||||(566)|||
|Investment
income||||||||2,794||10|
||||||||||2,228|10|
|Net cash (oufflow)/inflow
for the year|||||||||11,793|43,018|
|NOTES TO THE CASH FLOW STATEMENT|||||||||2023|2022|
|||||||||||E|
|Reconciliation
of net movement|||in funds to||net cash inflow from operating|activities|||||
|Statement
of Financial Activities:|||Net movement||in funds||||(33,965)|1,671|
|Investment
income|||||||||(2,794)|(10)|
|Depreciation|||||||||39,588|40,530|
|(Decrease)/Increase|in creditors:||Current|Liabilities|||||1,146|1,345|
|Decrease/(Increase)|in debtors||||||||5,590|(528)|
|Net cash inflow from operating|||activities||||||9,565|43,008|
|Analysis ofchanges|in|cash flow during the|||year|||2023
f.|2022f|Change|
|Cash at bank and in|hand|||||||545,288|533,495|11,793|
|||||||||545,288|533,495|11,793|
|||||||||2022|2021f|Change|
|Cash at bank and in|hand|||||||533,495|490,477|43,018|
|||||||||533,495|490,477|43,018|
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|Income fro|m: Gra|nts and Donations||||||
|---|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Funds|Total Funds|
||||Funds|Funds||2023|2022|
||||E|E||E|E|
|Donations|||45,199|500||45,699|21,561|
|Government|grants|received|||||40,154|
||||45,199|500||45,699|61,715|
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|Prior year co|mparative|||||||||
|---|---|---|---|---|---|---|---|---|---|
||||||||Unrestricted|Restricted|Total Funds|
||||||||Funds|Funds|2022|
|||||||||E|f|
|Staff salaries|||||||2,463||2,463|
|Support costs (see note|||6)|||||9,319|9,319|
||||||||2,463|9,319|11,782|
|Expenditure|on: Charitable|||activities||||||
||||||||StJames|||
|||||||StJames|Priory|Walsingham|Total Funds|
|||||||House|Church|House|2023|
|||||||E|E|E|E|
|Staff salaries||||||21,880|29,796||51,676|
|Household
costs||||||426|206||632|
|Rates and utilities||||||8,105|14,963||23,068|
|Repairs and maintenance||||||9,221|10,936||20,157|
|Liturgical costs|||||||4,492||4,492|
|Support costs (see below)||||||7,876|91,698||99,574|
|||||||47,508|152,091||199,599|
|Prior year comparative||||||||||
||||||||StJames|||
|||||||StJames|Priory|Walsingham|Total Funds|
|||||||House|Church|House|2022|
|||||||E|E|E|E|
|Staff salaries||||||22,310|65,102||87,412|
|Household||||||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 (see below)||||||7,002|70,729|4,663|82,394|
|||||||47,010|155,366|4,663|207,039|
|Support costs ofcharitable||||activities 8 raising funds||||||
||||||||StJames|||
||||||Raising|StJames|Priory|Walsingham|Total Funds|
||||||funds|House|Church|House|2023|
|||||||E|E|||
|Support staff|salaries||||||18,547||18,547|
|Telephone||||||1,660|3,873||5,533|
|Office expenses|||||504|1,440|3,360||5,304|
|Insurance|||||||15,320||15,320|
|Bad debts|||||||7,048||7,048|
|Advertising|||||2,270||||2,270|
|Bank charges|||||||67||67|
|Independent|examiner's||fees||||12,842||12,842|
|Legal and professional||fees|||||5,148||5,148|
|Depreciation|of buildings||||9,319|4,776|24,769||38,864|
|Depreciation|ofequipment||||||724||724|
||||||12,093|7,876|91,698||111,667|
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|Support costs ofchar|Support costs ofchar|itable
activities &r|aising funds (continued)|||||
|---|---|---|---|---|---|---|---|
|Prior year comparative||||||||
||||||StJames|||
||||Raising|StJames|Priory|Walsingham|Total Funds|
||||funds|House|Church|House|2022|
|||||E|E||E|
|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|
|Net income/(expenditure)||||
|---|---|---|---|
|This is stated after charging:||||
|||2023|2022|
|||E|E|
|Depreciation||39,588|40,530|
|Independent
examination|fees|||
|- independent
examination||1,750|1,550|
|- under/(over)
accrual|in previous years|11,092||
##
|The aggre|gate
payroll costs were:||||||
|---|---|---|---|---|---|---|
||||||2023|2022|
||||||E|E|
|Wages and salaries|||||73,255|110,271|
|Social security costs|||||356|4,422|
|Employers|pension||||488|1,719|
||||||74,099|116,412|
|The average weekly number ofemployees||during the year, calculated|on the basis ofaverage headcount,|was as follows:|||
||||||2023|2022|
||||||No.|No.|
|Charitable|activities||||4|4|
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|||||Unrestricted||Total|
|---|---|---|---|---|---|---|
|||||General|Restricted|Funds|
|||||Funds|Funds|2022|
||Income from:||||||
||Donations
and legacies|||61,715||61,715|
||Charitable
activities|||151,730||151,730|
||Other trading
activities|||7,037||7,037|
||Investments|||10||10|
||Total income|||220,492||220,492|
||Expenditure
on:||||||
||Raising funds|||2,463|9,319|11,782|
||Charitable
activities|||182,270|24,769|207,039|
||Total expenditure|||184,733|34,088|218,821|
||Net income/(expenditure)||and|35,759|(34,088)|1,671|
||net movement|in funds|||||
||Total funds at|1 April 2021||665,981|4,730,801|5,396,782|
||Total funds at|31 March|2022|701,740|4,696,713|5,398,453|
|10|Tangible fixed|assets|||||
|||||Freehold|Furniture,||
|||||Land &|fittings &||
|||||Buildings|equipment|Totals|
|||||||E|
||Cost||||||
||At 1 April 2022|||5,658,422|20,589|5,679,011|
||Additions||||566|566|
||Disposals||||||
||At 31 March 2023|||5,658,422|21,155|5,679,577|
||Depreciation||||||
||At 1 April 2022|||832,756|19,978|852,734|
||Charge for the year|||38,864|724|39,588|
||At 31 March 2023|||871,620|20,702|892,322|
||Net book value||||||
||At 31 March 2023|||4,786,802|453|4,787,255|
||At 31 March 2022|||4,825,666|611|4,826,277|
##
|11|Fixed asset investments|Fixed asset investments|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||Total|Total|
||||||||||||2023f|2022|
||Shares
in subsidiary
undertaking||||||||||||
||The investment|consists|ofa|100'lo holding|||in StJames Chapter House Limited, the charitable|company's|trading|subsidiary.|The||
||results for the|subsidiary|are|summarised||below;|||||||
||||||||||||2023|2022|
|||||||||||||E|
||Profit &Loss|Account|||||||||||
||Turnover||||||||||||
||Cost ofSales||||||||||||
||Gross Profit||||||||||||
||Administrative|Expenses|||||||||(301)|(530)|
||Other Operating
Income||||||||||||
||Operating
(Loss)/Profit||||||||||(301)|(530)|
||Capital &Reserves||||||||||||
||Called up share capital||||||||||3|3|
||Profit and loss|reserve|||||||||(37,960)|(37,659)|
||||||||||||(37,957)|(37,656)|
|12|Debtors||||||||||||
||||||||||||Total|Total|
||||||||||||2023|2022|
||||||||||||k|E|
||Trade debtors||||||||||29,674|33,281|
||Amounts
due from subsidiary|||undertakings|||||||37,957|30,909|
||Less: Provision
for intercompany||||debtor||||||(37,957)|(30,909)|
||VAT debtor|||||||||||7,314|
||Other debtors||||||||||12,745|7,414|
||||||||||||42,419|48,009|
|Creditors: amounts
falling due within one year|||
|---|---|---|
||Total|Total|
||2023|2022f|
|Trade creditors|1,615|3,628|
|Other taxation &social security|734|1,938|
|Other creditors|(40)|(40)|
|Accruals|3,895|3,805|
|VAT Liability|4,273||
||10,477|9,331|
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|15|Movement|in funds||||||
|---|---|---|---|---|---|---|---|
||Current year|||||||
||||At||||At|
||||1 April||||31 March|
||||2022|Income|Expenditure|Transfers|2023|
||Restricted|Funds||||||
||Capital
Fund||4,696,713||(34,088)||4,662,625|
||Repairs and|maintenance||500|(500)|||
||||4,696,713|500|(34,588)||4,662,625|
||Unrestricted|Funds||||||
||Designated|Funds||||||
||Net BookValue of Fixed Assets||129,564||(5,500)|566|124,630|
||General Funds|||||||
||General
Fund||572,176|181,103|(175,480)|(566)|577,233|
||Unrestricted|Funds Subtotal|701,740|181,103|(180,980)||701,863|
||Total Funds||5,398,453|181,603|(215,568)||5,364,488|
||Prior year|||||||
||||At||||At|
||||1 April||||31 March|
||||2021|Income|Expenditure|Transfers|2022|
||||F||F.||F|
||Restricted|Funds||||||
||Capital
Fund||4,730,801||(34,088)||4,696,713|
||||4,730,801||(34,088)||4,696,713|
||Unrestricted|Funds||||||
||Designated|Funds||||||
||Net BookValue 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|
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|Analysis ofnet assets between
funds|||||
|---|---|---|---|---|
|Current Year||Unrestricted|funds||
||Restricted|Designated|General|2023|
||funds|funds|funds|Total|
||E|E|E|E|
|Tangible fixed assets|4,662,625|124,630||4,787,255|
|Investments|||3|3|
|Cash at bank and in hand|||545,288|545,288|
|Other current assets|||31,942|31,942|
||4,662,625|124,630|577,233|5,364,488|
|Prior Year||Unrestricted|funds||
||Restricted|Designated|General|2022|
||funds|funds|funds|Total|
||E|E|||
|Tangible fixed assets|4,696,713|129,564||4,826,277|
|Investments|||3|3|
|Cash at bank and in hand|||533,495|533,495|
|Other current assets|||38,678|38,678|
||4,696,713|129,564|572,176|5,398,453|