| Page | |||
|---|---|---|---|
| Legal and administrative | information | ||
| Trustees' Annual Report |
2-5 | ||
| Statement ofTrustees' | responsibilities | ||
| Independent Examiner's |
report | ||
| Statement ofFinancial | Activities | ||
| Statement ofFinancial | Activities for 2021 | ||
| Balance Sheet | 10 | ||
| Notes to the Financial | Statements | 11-22 |
| Trustees: | |||||
|---|---|---|---|---|---|
| Father Darren Smith (Chairman) | |||||
| Father Brian Regan | |||||
| Miss Anne Abel, BEM | |||||
| Mr John Grosvenor (Treasurer) | |||||
| Mrs Barbara Cork | |||||
| Company | 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 | |||||
| Herlford shire | |||||
| AL4 9RQ | |||||
| Independent | Examiner: | Nicholas Simkins FCA | |||
| The Dower House | |||||
| Bonehill | |||||
| Staffordshire | |||||
| B783HX | |||||
| Investment | Managers: | CCLA | |||
| Senator House | |||||
| 85 Queen Victoria Street | |||||
| London | |||||
| EC4V 4ET |
| Endowment | Unrestricted | Total Funds | Total Funds | ||
|---|---|---|---|---|---|
| Note | Fundsf | Funds | 2022 | 2021 | |
| INCOME AND | |||||
| ENDOWMENTS FROM: |
|||||
| Donations and legacies |
16 | 16 | 32 | ||
| Income from investments | 133,053 | 133,053 | 127,012 | ||
| Charitable activities |
576 | 576 | 7,373 | ||
| Total incoming resources |
133,645 | 133,645 | 134,417 | ||
| EXPENDITURE ON: | |||||
| Charitable activities |
43,739 | 43,739 | 45,487 | ||
| Raising funds | 22,950 | 22,950 | 37,531 | ||
| Other | 6,767 | 6,767 | 7,088 | ||
| Total resources expended | 73,456 | 73,456 | 90,106 | ||
| Net income/(expenditure) | 60,189 | 60,189 | 44,311 | ||
| before gains and losses on | |||||
| investments | |||||
| Net gains from property | 10/11 | 734,830 | |||
| revaluations | |||||
| Net gains/(losses) from |
(206,381) | (206,381) | 247,606 | ||
| investments | |||||
| NET (EXPENDITURE) / INCOME | (146,192) | (146,192) | 104,831 | ||
| Reconciliation offunds |
|||||
| Total funds brought forward | 1,241,931 | 2,905,735 | 4,147,666 | 3,120,919 | |
| Total funds carried | 1,241,931 | 2,759,543 | 4,001,474 | 4,147,666 | |
| forward |
| Endowment | Unrestricted | Total Funds | Total Funds | ||
|---|---|---|---|---|---|
| Note | Funds | Funds | 2021 | 2020 | |
| 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 | 909106 | 90,106 | 97,485 | ||
| Net income/(expenditure) | 44,311 | 44+11 | 359356 | ||
| before gains and losses on | |||||
| investments | |||||
| Net gains from property | 10/1 1 | 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,$31 | |
| 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 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Note | ||||||
| FIXEDASSETS | ||||||
| Tangible assets | 10 | 230,765 | 230,956 | |||
| Investments | 11 | 3,670,944 | 3,552,625 | |||
| 3,901,709 | 3,783,581 | |||||
| CURRENT ASSETS | ||||||
| Debtors | 12 | 4,681 | 4,540 | |||
| Cash at bank and in hand | 99,034 | 363,499 | ||||
| 103,715 | 368,039 | |||||
| CREDITORS: Amounts | falling | |||||
| due within one year | 13 | (3,950) | (3,954) | |||
| Net current Assets | 99,765 | 364,085 | ||||
| Net Assets | 4,001,474 | 4,147,666 | ||||
| FUNDS | ||||||
| Endowment Funds |
14/15 | 1,241,931 | 1,241,931 | |||
| Unrestricted Funds: |
14/15 | 2,759,543 | 2,905,735 | |||
| 4,001,474 | 4,147,666 |
| 2. | DONATIONS AND |
DONATIONS AND |
LEGACIES | |||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Donations | from members | 16 | 32 | |||
| Legacies | ||||||
| 16 | 32 | |||||
| 3. | INVESTMENT INCOME | |||||
| 2022 | 2021 | |||||
| Investment | income | 47,446 | 53,470 | |||
| Interest on | cash deposits | 44 | ||||
| Rental income | 85,563 | 73,537 | ||||
| 133,033 | 127 012 | |||||
| 4. | INCOME | FROM CHARITABLE ACTIVITIES | ||||
| 2022 | 2021 | |||||
| Member | subscriptions | 576 | 642 | |||
| Coronavirus job retention scheme | 6,731 | |||||
| 576 | 7,373 | |||||
| 5. | EXPENDITURE ON RAISING FUNDS | |||||
| 2022 | 2021 | |||||
| g | ||||||
| Investment property |
expenses | 22,950 | 37,531 | |||
| 22,950 | 37,531 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| f | |||||
| Office rent | 10,840 | 10,840 | |||
| Walsingham | 1,916 | ||||
| Insurance | 613 | 570 | |||
| Repairs and renewals | 534 | ||||
| Office costs | 2,334 | 1,356 | |||
| Telephone | 143 | 143 | |||
| Printing, postage and |
stationery | 4,200 | 3,526 | ||
| Wages and salaries | 20,384 | 23,462 | |||
| National insurance |
1,398 | 476 | |||
| Pension contribution | 612 | 574 | |||
| Depreciation | 191 | 173 | |||
| Car lease and | running | costs | 2,923 | ||
| Bank charges | 161 | 95 | |||
| Sundry | 413 | 1,349 | |||
| 43,739 | 45,487 | ||||
| THER EXPENSES | |||||
| 2022 | 2021 | ||||
| Independent | examination | 3,250 | 3,000 | ||
| Bookkeeping | fees | 1,466 | 1,410 | ||
| Trustees and | company | secretarial | expenses | 618 | 445 |
| Professional | fees | 1,433 | 2,233 | ||
| 7,088 | 7,088 |
| STAFFCOSTS | ||
|---|---|---|
| 2022 | 2021 | |
| f. | ||
| Wages and salaries | 20,384 | 23,462 |
| Social security costs | 1,398 | 476 |
| Pension costs | 612 | 574 |
| 22,394 | 24,512 |
| 2022 | 2021 | |
|---|---|---|
| No | No | |
| Administration |
| TANGIBLE FIXED | ASSETS | |||
|---|---|---|---|---|
| Long term | Fixtures &, | Total | ||
| leasehold | Fittings | |||
| property | ||||
| COST | ||||
| I January 2022 | 230,000 | 4,738 | 234,738 | |
| Revaluation / additions |
||||
| 31December 2022 | 230,000 | 4,738 | 234,738 | |
| ACCUMULATED | DEPRECIATION | |||
| I January 2021 | 3,782 | 3,782 | ||
| Charge for the year | 191 | 191 | ||
| 31December 2021 | 3,973 | 3,973 | ||
| NET BOOK VALUE | ||||
| 31December 2022 | 2309000 | 765 | 230,765 | |
| 31 December 2021 | 230,000 | 956 | 230,956 |
| XEDASSETINVESTMENTS | ||||
|---|---|---|---|---|
| Investment | Listed | Cash held by | Total | |
| properties | Investments | investment | ||
| brokers | ||||
| Market value at 1 January 2022 | 1,800,000 | 1,750,272 | 2,353 | 3,552,625 |
| Gains / (Losses) in the year in SOFA | (206,412) | 31 | (206,381) | |
| Additions &disposals | 224,700 | 100,000 | 324,700 | |
| Market value at 31December 2022 | 2,024,700 | 1,643,860 | 2,384 | 3,670,944 |
| Market value at 1 January 2021 | 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 2021 | 1415,170 | 1,590,591 | 177,285 | 2,983,046 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| 8 | o/o | o/o | |||||
| CCLA | - Church ofEngland | Investment | Fund Income Shares | 1,377,120 | 83.6'/o | 1,558,766 | 88.9'/o |
| CCLA | - Church ofEngland | Deposit Fund | 2,384 | 0.2/o | 2,353 | 0.2/o | |
| CCLA | —General Secretary | Fund | 266,740 | 16.2/o | 191,506 | 10.9/o |
| 12. | DEBTORS | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Trade debtors | 4,681 | 1,730 | |||
| Prepayments | and accrued | income | 2,810 | ||
| 4,681 | 4,540 | ||||
| 13. | CREDITORS: Amounts | falling due within one year | |||
| 2022 | 2021 | ||||
| Accruals and | deferred income | 3,250 | 3,000 | ||
| Other | 700 | 954 | |||
| 3,950 | 3,954 |
| 14. | ANALYSIS OF | ANALYSIS OF | ANALYSIS OF | NET ASSETSBETWEEN FI/NDS | NET ASSETSBETWEEN FI/NDS | NET ASSETSBETWEEN FI/NDS | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Endowment | Unrestricted | Total | ||||||||||
| Funds | Funds | |||||||||||
| Tangible fixed | assets | 230,000 | 765 | 230,765 | ||||||||
| Fixed asset | investments | 771,931 | 1,252,769 | 2,024,700 | ||||||||
| Investment | properties | 240,000 | 1,406,244 | 1,646,244 | ||||||||
| Current assets | 103,715 | 103,715 | ||||||||||
| Creditors: amounts | falling due within one year | (3,950) | (3,950) | |||||||||
| 1441,931 | 2,759,543 | 4,001,474 | ||||||||||
| 15. | FUNDS RECONCILIATION | |||||||||||
| Balance at I | Incoming | Outgoing | Transfers | Investments | Balance at31 | |||||||
| January 2022 | Resources | Resources | Jk Property | December | ||||||||
| gains/(losses) | 2022 | |||||||||||
| Unrestricted | funds | |||||||||||
| Designated | fund —General | Secretary | 175,000 | 175,000 | ||||||||
| fund | ||||||||||||
| General fund | 2,730,735 | 133,645 | (73,456) | (206,381) | 2,584,543 | |||||||
| 2,905,735 | 133,645 | (73,456) | (206481) | 2,759,543 | ||||||||
| Endowment | funds | |||||||||||
| StRaphael's | 1,200,681 | 1,200,681 | ||||||||||
| Anne | Lloyd | Memorial | Trust | 41,250 | 41,250 | |||||||
| 1,241,931 | 1,241,931 | |||||||||||
| 4,147,666 | 133,645 | (73,456) | (206381) | 4,001,474 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Within | one | year | Nil | Nil |