2021-12-31-accounts

		Page
Legal and administrative	information
Trustees' Annual Report		2-5
Statement ofTrustees'	responsibilities
Independent Examiner's	report
Statement ofFinancial	Activities
Statement ofFinancial	Activities for 2020
Balance Sheet		10
Notes to the Financial Statements		11-22

Company	Registered number:	Registered number:	Registered number:	05392217
Charity Registered			Number:	1109399
Registered		Office:		16Commercial	Street
				Birmingham
				Bl 1RS
Company	Secretary:			Natasha Gittens
Bankers:				Lloyds Bank Pic
				The Quadrant
				StAlbans
				Hertfordshire
				AL4 9RQ
Independent		Examiner:		Nicholas Simkins FCA
				The Dower House
				Bonehill
				Staffordshire
				B783HX
Investment		Managers:		CCLA
				Senator House
				85 Queen Victoria Street
				London
				EC4V4ET

		Endowment	Unrestricted	Total Funds	Total Funds
	Note	Funds	Funds	2021	2020
				K
INCOME AND
ENDOWMENTS FROM:
Donations and legacies			32	32	322
Income from investments			127,012	127,012	122,250
Charitable activities			7,373	7,373	10,269
Total incoming resources			134,417	134,417	132,841
EXPENDITURE ON:
Charitable activities			45,487	45,487	60,393
Raising funds			37,531	37,531	31,945
Other			7,088	7,088	5,147
Total resources expended			90,106	90,106	97,485
Net income/(expenditure)			44,311	44,311	35,356
before gains and losses on
investments
Net gains from property	10/11	200,000	534,830	734,830
revaluations
Net gains/(losses) from			247,606	247,606	69,475
investments
NET INCOME		200,000	826,747	1,026,747	104,831
Reconciliation offunds
Total funds brought forward		1,041,931	2,078,988	3,120,919	3,016,088
Total funds carried		1,241,931	2,905,735	4,147,666	3,120,919
forward

		Endowment	Restricted	Unrestricted	Total	Total Funds
	Note	Funds	Funds	Funds	Funds	2019
					2020
INCOME AND
ENDOWMENTS FROM:
Donations and legacies				322	322	1,202
Income from investments				122,250	122,250	119,306
Charitable activities				10,269	10,269	2,995
Total incoming resources				132,841	132,841	123,503
EXPENDITURE ON:
Charitable activities				60,393	60,393	79,596
Raising funds				31,945	31,945	24,594
Other				5,147	5,147	7,497
Total resources expended				97,485	97,485	111,687
Net income/(expenditure)				35,356	35,356	11,816
before gains and losses on
investments
Transfers between funds		(41,250)	(1,612)	42,862
Net gains/(losses) from				69,475	69,475	137,213
investments
NET INCOME		(41,250)	(1,612)	147,693	104,831	149,029
Reconciliation offunds
Total funds brought forward		1,083,181	1,612	1,931,295	3,016,088	2,867,059
Total funds carried		1,041,931		2,078,988	3,120,919	3,016,088
forward

2.	DONATIONS AND	LEGACIES	LEGACIES
				2021		2020
	Donations	from	members	32		49
	Legacies					273
				32		322
3.	INVESTMENT INCOME
				2021		2020
	Investment	income		53,470		50,675
	Interest on	cash	deposits
	Rental income			73,537		71,569
				127,012		122,250
4.	INCOME FROM CHARITABLE ACTIVITIES
					2021	2020
	Walsingham receipts					740
	Member subscriptions				642	835
	Coronavirus job retention		scheme		6,73I	8,694
					7t373	10,269
5.	EXPENDITURE ON	RAISING FUNDS
					2021	2020
	Investment property	expenses			37,531	31,945
					37,531	31,945

				2021	2020
Office rent				10,840	9,189
Heat light and water					540
Insurance				570	921
Repairs and renewals					964
Office costs				1,356	2,913
Telephone				143	403
Printing, postage and		stationery		3,526	6,103
Redemptorist	publications				10,000
Wages and salaries				23,462	20,331
National insurance				476
Pension contribution				574	593
Depreciation				173	3,609
Car lease and	running	costs		2,923	4,419
Bank charges				95	93
Sundry				1,349	315
				45,487	60,393
THER EXPENSES
				2021	2020
Independent	examination			3,000	2,600
Bookkeeping	fees			1,410	1,860
Trustees and	company	secretarial	expenses	445	194
Professional	fees			2,233	493
				7,088	5,147

STAFF COSTS
	2021	2020
Wages and salaries	23,462	20,331
Social security costs	476
Pension costs	574	593
	24,512	20,924

The average number ofemployees during the year wa	s:
	2021	2020
	No	No
Administration

10.	TANGIBLE FIXED	ASSETS
			Long term	Fixtures &,	Total
			leasehold	Fittings
			property
	COST
	1 January 2021		80,000	4,738	84,738
	Revaluation		150,000
	31 December 2021		230,000	4,738	234,738
	ACCUMULATED	DEPRECIATION
	I January 2021			3,609	3,609
	Charge for the year			173	173
	31December 2021			3,782	3,782
	NET BOOK VALUE
	31December 2021		230,000	956	230,956
	31December 2020		80,000	1,129	81,129

11.	FIXEDASSET INVESTMENTS
		Investment	Listed	Cash held by	Total
		properties	Investments	investment
				brokers
	Market value at I January 2020	1,215,170	1,521,116	176,536	2,912,822
	Gains / (Losses) in the year in SOFA		69,475		69,475
	Additions &disposals			749	749
	Market value at 31December 2020	1,215,170	1,590,591	177,285	2,983,046
	Market value at I January 2021	1,215,170	1,590,591	177,285	2,983,046
	Gains I(Losses) in the year in SOFA	584,830	247,538	68	832,436
	Additions &disposals		(87,857)	(I75,000)	(262,857)
	Market value at31December 2021	1,800,000	1,750,272	2,353	3,552,625

				2022		2021
					'/o		'/o
CCLA	- Church ofEngland	Property Fund				227,7SO	12.9/o
CCLA	- Church ofEngland	Investment	Fund Income Shares	1,558,766	88.9/o	1,362,810	77.I /o
CCLA	—Church ofEngland	Deposit Fund		2,353	0.2/o	177,285	10.0"/o
CCLA	—General Secretary	Fund		191,506	10.9/o

	StRaphael's	Endowment	Endowment	Fund	150,000
	Unrestricted	General Fund			f534,830
12.	DEBTORS
						2021	2020
	Trade debtors					1,730	4,233
	Prepayments		and accrued	income		2,810	3,925
						4,540	8,158
13.	CREDITORS: Amounts			falling	due within one year
						2021	2020
	Accruals and		deferred income			3,000	3,800
	Other					954	667
						3,954	4,467

4. A	NALYSIS	OF	NET	ASSETSBE	TWEEN FIJNDS
							Endowment	IJnrestricted			Total
							Funds		Funds
	Tangible fixed		assets				230,000		956		230,956
	Fixed asset investments						771,931		980,694	1,752,625
	Investment	properties					240,000		1,560,000	1,800,000
	Current assets								368,039		368,039
	Creditors:	amounts		falling due within one year					(3,954)		(3,954)
							1,241,931		2,905,735	4,147,666
.	FIJNDS RECONCILLATION
					Balance at I	Incoming	Outgoing	Transfers	Investments			Balance at 31
					January 2021	Resources	Resources		&Property			December
									gains/(losses)			2021
Designated fund —Capital fund					840,000			(840,000)
Designated fund —General				Secretary				175,000				175,000
fund
General	fund				1,238,988	134.417	(90„106)	665.000)		782,436		2,730,735
					2,078,988	134,417	(90,106)		782,436			2,905,735
Total unrestricted		funds
Endowment funds					1,000,681				200,000			1,200,681
					41,250							41,250
St Raphael's
Anne Lloyd Memorial			Trust
					1,041,931							1,241,931
Total endowment		funds
					3,120,919	134,417	(90,106)		982,436			4,147,666

			2021	2020
Within	one	year	Nil	Nil