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|||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||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.||
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##
|||||||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|||||||
##
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##
##
||||||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|||
|||,ยป6|