2022-07-31-accounts

	What Westhill		said			it would	do					What progress Westhlll made against these
	in 2021/2022											objectives in 2021/2022
1.	Allocate	a minimum				off280,000 for				grants.		42 grants were awarded with a total value of
												5299,340(45 grants totalling F252,273 in
												2020/2021). There have again been more grants
												given to smaller community cohesion projects
												rather than larger RE projects.
2.	Relaunch	the	Create			Tali& programme					and	The programme has been actively promoted using
	develop	new and		existing resources								several platforms and media during the year
	following	the	lifting			of Covid-19		restrictions.				and on-line resources have been developed
												following the Covid-19 pandemic. Two new
												exhibitions are being finalised for launch in 2022/
												2023. The resource material has been further
												developed. The impact and website report forms
												continue to provide detailed feedback to inform
												strategic development. An analysis of Westhill's
												archives has been undertaken and ways of
												optimising this knowledge base continue to be
												explored.
3.	Continue	Westhill's			relationships			with			other	Communication and networks have been reviewed
	grant funders		in the			fields of religious					education	and developed to ensure that grantees remain
	and faith-motivated					social action,						supported both during and after Covid-19
												restrictions
4.	Promote	Westhill		grants and the				Create Talk				Promotion has continued through the website,
	programme through					Westhill's	website				and	social media and partners as well as networking
	other online activity.											through membership ofother groups such as the
												Association ofCharitable Foundations.
5.	Explore additional			ways on improving						its grant		The move to Office 365has been completed. The
	administration		service, including					online				introduction ofan online grant application system
	applications.											to help streamline the grantmaking process is
												being actively reviewed for possible implementation
												in 2022/2023.
6.	Monitor and review				investments			following the				The consolidation ofthe charity's investments
	move ofthe major			part of Westhill's					endowment			within this fund continues to be positive overall	in
	portfolio	to the CCLA				COIF Ethical		Investment				terms of income return and regularising income
	Fund in 2017/2018.											flow. An annual CCLA investment presentation to
												trustees takes place at the first trustees' meeting	in
												the calendar year
7.	Review the management arrangements										for	A surveyor's report has been commissioned to
	the land and buildings					owned	by	Westhill.				ensure that an informed decision can be taken on
												any options that may arise.

						2022	2021
					Endowment
				Unrestricted	fund-	Total	Total
			Notes	fund E	expendable E	funds E	funds f
INCOME AND ENDOWMENTS		FROM
Donations and legacies							1,547
Investment income				486,378		486,378	448,266
Total				486,378		486,378	449,813
EXPENDITURE ON
Charitable activities			5
Religious Education,	Arts and	Commuility	Cohesion	373,447		373,447	324,636
Support costs				8,853		8,$53	9,122
Total				382,300		382,300	333,758
Net gains on investments			14		43,208	43,208	1,836,824
NET INCOME				104,078	43,208	147,286	1,952,879
RECONCILIATION OF	FUNDS
Total funds brought	forward			660,477	14,456,037	15,116,514	13,163,635
TOTAL FUNDS CARRIED FORWARD				764,555	14s499,245	15,263,800	15,116,514

					2022	2021
				Endowment
			Unrestricted	fund-	Total	Total
			fund	expendable	funds	funds
		Notes	E	E	E	f
FIXEDASSETS
Tangible assets		13	7,460		7,460	9,791
Investments
Investments		14	506,718	14,499,245	15,007,963	14,964,755
Investment	property	15	100,000		100,000	100,000
			616,178	14,499,245	15,115,423	15,074,546
CURRENT ASSETS
Debtors		16	85,158		85,158	64,355
Investments		17	131,453		131,453	111,248
Cash at bank			195,360		195,360	111,685
			411,971		411,971	287,288
CREDITORS
Amounts falling due within one year		18	(263,594)		(263,594J	(245,320)
NET CURRENT ASSETS			148,377		148,377	41,968
TOTAL ASSETS LESSCURRENT LIABILITIES			764,555	14,499,245	15,263,800	15,116,514
NET ASSETS
FUNDS		19
Unrestricted	funds				764,555	660,477
Endowment	funds				14,499,245	14,456,037
TOTAL FUNDS

					2022	2021
						E
Managed	investment	fund income			481,806	448,230
Playing field rental income					4p255
Deposit	account interest				317
					486378	448,266
CHARITABLE ACTIVITIES COSTS
				Grant
				funding of
				activities	Support
				(see note	costs (see
				7)	note 8)	Totals
				E	f	E
Religious	Education,	Arts and Community	Cohesion	287,340	86,107	373,447
Support	costs				8,853	8,853
				287,340	94,960,	382,300

					2022	2021
					E	E
Religious Education,		Arts and Community		Cohesion	287,340	246,023
The total grants	paid	to institutions	during	the year was as follows:
					2022	2021
					E	f
Grants payable					287,340	246,023

Total grants approved to institutions in are as follows,	excess off10,000duri	ng the years	ended 31July 2021	and	31July 20
			2022		2021
			f		f
British & Foreign Bible Society (over 2 years)			21,000
chaplaincy (University of Birmingham)			12,899		12,734
Entraide			20,000
Grace Enterprises (over 2years)			20,0DO
Holy Rood House					10,000
NASACRE			15,955		18,390
NATRE Spirited Arts (over 3years)					16,800
OffThe Fence			10,000
Pri~on Advice & Care Trust (PACT)			20,000
St Gabriel's Centre (over 2 years)			10,000
Swansea Sacre (over 2years)			12,000
The Arts Society Birmingham					10,068
Total Insight Theatre (over 2 years)			10,000
Trinity Church			10,000
Truth BeTold					14,450
Way ofChrista					11,857
Total grants approved 610,000 and above			161,854		94,299
Grants approved between f5,001-E9,999l 5(2021l 9)			34,300		57,850
Grants approved up tof5,000:26(2021:29)			103,186		100,124
Total grants approved in the year			299,340		252,273
A detailed analysis ofgrants approved	in the year is available	upon request	from the trustees,
			2022		2021
			f
Grants approved during the year			299340		252,273
Grants cancelled during the year			(12,000)		(6,250)
Grant funding of activities (see note 5)			287,340		246,023
Grants payable at 1August 2021and 1August 2020			233,871		189,181
			521,211		435,204
Grants paid during the year			(279,588)		lI201 333)
Grants payable as at 31July 2022 and 31July 2021 (see note		18)	241,623	.	233,871

SUPPOR	T COSTS
							Governance
						Management f	costs E	Totals f
Religious	Education,	Arts	and	Community	Cohesion	86,107		86,107
Support	costs						8,853	8,853
						86,107	B,BS3	94,960

				2022	2021
				christian	Total
				Education	activities
				F.	6
Wages				33,409	30,650
Pensions				2,505	4,804
Administration		fee		10,969	10,593
Legal, professional			and other expenses	13,893	5,830
Office costs				9,175	7,526
Marketing				4,301	3,069
Property	related costs			9,524	13,810
Depreciation		oftangible assets		2331	2I331
				86,107	78,613
GOVERNANCE		COSTS
				2022	2021
				Support	Total
				costs	activities
				6	f
Trustees'	expenses			27	100
Auditors'	remuneration			6,240	6,240
Trustees'	indemnity		and other insurance	2,586	2,782
				8,853	9,122

		2022	2021
		E	E
Audltois'	remuneration	6,240	6,240

					2022	2021
					f	6
Trustees' expenses					27	100
STAFF COSTS
					2022	2021
					f	6
Wages and salaries					33,409	30,650
Other pension costs					2,505	4,304
					35,914	35,454
The average	monthly	number	ol' employees	during the year was as follows:
					2022	2021
Administration					2	2

12.	COMPARATIVES	FO	R THE ST	ATEMENT O	F FINANCIAL ACTI	VITIES
							Endowment
						Unrestricted	fund-	Total
						fund f	expendable 6	funds f
	INCOME AND ENDOWMENTS			FROM
	Donations and legacies					1,547		1,547
	Investment income					448,266		448,266
	Total					449,813		449,813
	EXPENDiTURE ON
	Charitable activities
	Religious Education,		Arts and	Community	Cohesion	324,636		324,636
	Support costs					9,122		9,122
	Total					333,758		333,758
	Net gains on investments						1,836,824	1,836,824
	NET INCOME					116,055	1,836,824	1,952,879
	RECONCILIATION	OF	FUNDS
	Total funds brought		forward			544,422	12,619,213	13,163,635
	TOTAL FUNDS CARRIED FORWARD					660,477	14,456,037	15,116,514
13.	TANGIBLE FIXEDASSETS
								Leasehold
								improvements
								E
	COST
	At 1August 2021 and		31July 2022					53,614
	DEPRECIATION
	At 1August 2021							43,823
	Charge for year							2,331
	At 31July 2022							46,154
	NET BOOK VALUE
	At 31July 2022							7,460
	At 31July 2021							9,791

						Endowment
					Unrestricted	Fund-	2022	2021.
					Fund	expendable
					E	E	f	E
Market value		at 31July 2021			508,718	14,456,037	14,964,755	12,877,931
Additions	at cost							250,000
Sale proceeds		on disposal
Gain/(loss)	in	the year;
- realised
- unrealised						43,208	43,208	1,836,824
Market value		at31July 2022			508,718	14,499,245	15,007,963	14,964,755
Historic cost at 31July 2022
ANALYSIS	OF	INVESTMENTS
							2022	2021
							f	E
COIF Charities		Ethical Investment		Fund			13,251,974	13,482,596
Charities	Property Fund						1,7S5,989	1,482,159
							15,007,963	14,964,755
ASSET ALLOCATION OF COIF			CHARITIES		ETHICAL INVESTMENT	FUND
							2022	2021
							N	N
UK equities							10.27	9.82
Property							4.90	4.26
Cash							11.83	5.63
Overseas	equities						61.82	67.76
Infrastructure		and operating	assets				7.90	8.01
Other							3,28	4.52
							100,00	100.00

DEBTORS'.AMOUNTS F	ALLING DUE WITHIN ONE YEAR
		2022	2021
		f	f
Accrued income		83,138	62,718
Prepayments		2,020	1,637
		85,158	64,355
CURRENT ASSET INVESTMENTS
		2022	2021
		E	6
Cash at bank on deposit		131,453	111,248
CREDITORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR
		2022	2021
		f
Grants payable		Z41,623	233,871
Accrued expenses		21,971	11,449
		263,594	245,320

MOVEM	ENT	IN FU	NDS
					Net
					movement	At
				At 1.8.21	in funds	31.7.22
				E	E	E
Unrestricted		funds
General	fund			660,477	104,078	764,555
Endowment		funds
Endowment		fund-	expendable	14,456,037	' 43,208	14,499,245
TOTAL	FUNDS			15,116,514	147,286	15,263,800

			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
			E	E	E	E
Unrestricted	funds
General fund			486,378	(382,300)		104,078
Endowment	funds
Endowment	fund - expendable				43,208	43,208
TOTAL FUNDS			486,378	(382,300)	43,208	147,286
Comparatives	for movement	in funds
					Net
					movement	At
				At 1.8.20	in funds	31.7.21
				E	E	E
Unrestricted	funds
General fund				544,422	116,055	660,477
Endowment	funds
Endowment	(und - expendable			12,619,213	1,836,824	14,456,037
TOTAL FUNDS				13,163,635	1,952,879	15,116,514

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
		f	f	E	f
Unrestricted	funds
General fund		449,813	(333,758)		116,055
Endowment	funds
Endowment	fund - expendable			Lp836,824	1,836,824
TOTALFUNDS		449,813	(333,758)	1,836,824	1,952,879

			Net
			movement	At
		At1.8.20	in funds	31.7.22
		E	E	f
Unrestricted	funds
General fund		544,422	220,133	764,555
Endowment	funds
Endowment	fund - expendable	12,619,213	1,880,032	14,499,245
TOTALFUNDS		13,163,635	2,100,165	15,263,800

		Incoming	Resources	Gains and	Movement
		resources f	expended 6	lasses f	in funds f
Unrestricted	funds
General fund		936,191	(716,058)		220,133
Endowment	funds
Endowment	fund - expendable			1,880,032	1,880,032
TOTAL FUNDS		936,191	(716,058)	1,880,032	2,100,165

	2022	2021
	6	6
Within one year	4,310	4,310
Between two and five years	17,240	17,240
In more tha n five years	2,685	6,995
	24,235	28,545

	2022	2021
	6
Within one year	2,347	2,347
Between two and five years	3,522	5,869
In more than five years
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