OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-03-31-accounts

The Anglican Central Naval Church Fund (ACNCF)

Annual Report and Financial Statements 1 April 2022 – 31 March 2023

Registered Charity No: 1115877

1

The Anglican Central Naval Church Fund (ACNCF)

Trustees’ Annual Report and Comments for the year ended 31 March 2023

Charity 111587 Registered No: Covering the 1 April 2022 – 31 March 2023 Accounting Year:

Address: Office of the Naval Chaplaincy Service, Tanner Building, Whale Island Portsmouth, Hampshire, PO2 8BY

Governing The charity is governed by a Deed of Trust first declared on 24 March Document: 2006 and subsequently amended by resolutions of the trustees dated 26 November 2009 and 17 April 2012.

Objects: The trustees must apply the income of the charity in furthering the following objects:

  1. To advance religion in accordance with the principles of the Anglican church amongst members of the Naval Service and their dependents in particular but not exclusively by:

  2. i. The provision of grants for the training of Anglican clergy and laity serving in the Naval service for the furtherance of God’s Kingdom in the Naval Service.

  3. ii. The provision of Christian resources for study, worship and those Naval Service personnel and their dependents preparing for baptism, confirmation and those exploring a vocation to ministry in the Church.

  4. iii. The provision of support for, and the work of, Anglican Chaplaincies in the Naval service.

  5. iv. The provision of support for the Naval Service’s representation at the General Synod of the Church of England.

  6. v. The provision, maintenance and support for any Naval Service church, chapel or other place of worship or any religious activity that is devoted to, but not exclusively, Anglican worship in the Royal Navy.

  7. To Promote the charitable work of the Anglican church.

  8. Such other charitable purposes as the trustees shall from time to time decide.

2

Trustees: The Venerable A Hillier, KHC Royal Navy Chair Rev’d A Callon Royal Navy elected 19 June 2018 Mrs J Crabtree elected 27 February 2019 Captain John Murphie Royal Navy (Ret’d) elected 27 February 2019 Mrs T Pratt elected 27 February 2019 Rev’d R Duckett Royal Navy elected 30 April 2019

Trustee selection: Chairman appointed by the Naval Secretary and took up his appointment on 16 July 2021. Other trustees are selected by the Board from nominations received from personal contact and advertisement within the various Anglican communities within the Royal Navy. Bankers: Holt’s Farnborough Branch, Royal Bank of Scotland Lawrie House Victoria Road Farnborough Hampshire GU14 7NR Independent Peter Nicholls MBE MAAT Examiner: 5 Nursery Road Havant Hampshire PO9 3BG Activities and Under the direction of the Chair, the ACNCF continues to monitor its Achievements: achievements by reviewing the grants paid at each Board meeting. Training grants are totally dependent on the number of trainees at any one time and general grants depend very much on the need of the various Anglican communities and their knowledge to be able to approach the ACNCF for assistance. The ACNCF continues to see a realistic budget for the current year based on an accurate gauge of the income from investments. It has also noted the proposed budgets of each of the three Naval Churches whose funds are managed under the umbrella of the ACNCF Fund. St Anns has a standalone bank account and St Nicholas and St Bartholomew churches are treated as restricted funds within the charity.

In moving forward, the ACNCF has highlighted, as its main strategic objective, to develop and encourage a better integrated and encompassing Anglican identity for all Anglicans serving in the Naval Service.

3

Financial Review:

The market value of the Main Fund’s CCLA CofE investment had fallen by £15.4K (3.5%) over the year. Dividends totalled £12.4K (2.8%) and were paid directly into the deposit account. The St Ann’s Church CCLA Fixed Interest investment had fallen by £0.7K (7%) to £11.1K with dividends of £0.3K (2.6%) 

o

The worth of the ACNCF Consolidated Fund had fallen by £6.8K to £730.1K. The main reasons were:

Investment Investment Funds are managed by CCLA, a Common Investment Fund Selection Policy: that provides specialist investment management for charities, faith organisations and local authorities. The investment objective of the ACNCF and restricted subsidiary funds is to preserve and enhance the real capital value of the portfolios with due regard to risk, whilst still generating sufficient income to fund current commitments. Therefore, the investment vehicle selected within CCLA is designed to provide low to medium risk with a good balance between capital growth and income.

4

Financial The reserves policy is reviewed annually. The trustees’ policy is to
Reserves Policy: maintain a sufficient level of reserves to provide a stable base for the
charity’s continuing activities. General reserves are normally only
maintained at a level which is sufficient to meet the running costs of the
charity and to make grants in accordance with the charity’s objectives on
a regular basis. To this end, the charity’s reserves consist entirely of its
ACNCF Investment Portfolio, and the income derived is used as
necessary to fund its activities. Whilst not overtly fundraising, the ACNCF
has a strategic aim to encourage support from other Naval Service
Anglican Communities.
Grant Policy: The ACNCF has established its grant making policy to achieve its objects
for the public benefit. This policy aims to manage the Fund’s affairs with
prudence taking into consideration the long term as well as a short-term
view of the fund, whilst expending the income in accordance with the
purpose laid down in the Fund’s Deed of Trust. The regular donations
given to the ACNCF from the other Naval service Anglican Communities,
in round terms, provide support for the wider work of the Church of
England through a regular contribution to the Archbishop’s Council which,
in turn, is acknowledged by Armed Forces representation on General
Synod. Otherwise, the Charity relies on its income from investments to
provide the wherewithal to provide grants in support of the Charity’s
objects. The procedure for the payment of grants is laid down in standing
operating procedures.
Similarly, the subsidiary funds held by St Ann’s, St Bartholomew’s and St
Nicholas’s churches are governed by their letter of delegation and
standing operating procedures. Grants for Outreach are decided in
advance of each new financial year and approved by the appropriate
Chaplaincy Council before submitting the annual budget proposals for
ACNCF Board agreement. Ad hoc grants and those to meet emergency
relief are approved by each Chaplaincy Council on a case-by-case basis.
Each Chaplaincy Council meets on a regular basis where applications to
funds and bids for grants are considered. Any bids falling outside the
bounds of the constitution are not normally approved unless they are
within the spirit of the aim of the objects.

Risk Assessment: The ACNCF Board has considered the major risks to which the charity may be exposed and these are reviewed on a regular basis. Systems and procedures have been established to manage those risks, and it is considered that by reviewing the accounts on a regular basis, the Board is able to ensure that proper compliance measures are being adhered to. Furthermore, internal checks and controls governed by letters of delegation and standing operating procedures ensure that regular and random checks are applied to the charity and its subsidiary funds to safeguard its assets and grant making policy. The trustees’ view is that with its good level of reserves, held in its investments, and the low administrative costs of the charity, that its exposure to risk is very limited.

5

Public Benefit The fund exists for the advancement of religion and specifically for the Statement: benefit of the Anglican Church in the Royal Navy. However, also recognised is the collective responsibility for the training of Anglican clergy and laity, the provision of Christian resources and grants for study, worship and for those preparing for baptism, confirmation and those exploring a vocation to ministry in the Church. Support is also provided for the work of Anglican Chaplaincies in the Naval service and any maintenance and support for any Naval Service church, chapel or other place of worship or any religious activity that is devoted to, but not exclusively, Anglican worship in the Royal Navy. In addition to such grants to support these activities and other charitable purposes as from time to time may be decided by the trustees, a principal object of the charity is to contribute to the work of the wider Church of England through financial support to the Archbishop’s Council. In all other activities, the fund carries out its objects by the promotion of religion in accordance with the principles of the Anglican Church amongst the serving and retires members of the Naval Service and their dependants as well as promoting the work of the Anglican Church at large. By focussing on these areas, the trustees confirm that they have referred to the Charity Commission’s guidance on public benefit when deciding what activities the charity should undertake.

6

STATEMENT OF TRUSTEES RESPONSIBILTIES The law applicable to charibes in England and Wales requires truste8S to prepare financial statements for each financial year which give a true and fair view of the charrty's financial activities during the year and its financial posrtion at the end of the year. In preparing the financial ststements gmng a true and fair viéw, tsustees should follow best practice and: a. Select suitable accounting policies and ap￿Y them consistentty b. Make judgments and estimates that are reasonable arKI prudent. ¢. State whether applicable a¢¢ounting standards and statements of recomThnded practice have been followed. subject to any material departure that must be disGlos8d and explained in the financial statements. d. Prepare the financial statements on an ongoing o)ncern basis unkss it ts inappropriate to presume that the charty wll continue to opw*. The trustees are respons'bie for keeFNng accounting records which disclose wth reasonable accuracy the financial position of the Charty. and whth enable them to ensure that the financi81 statements Comply with the Charities Act 2011, (Accounts arKI Reports) Regulations and the provision of the Goveming t)ocument. The trustees are restK)nsilJe for safeguardin9 the assets of the Charty and hence for tsking reasonable sleps for the wevention and detectson of fraud and other irregularbties. The trustees are respon&ble for the maintenance and integrity of the charrty and financial information in arLordance with legislation in the Unrted Kingdom goveming preparation and disseminalion of financial statements. In so far as the charity's trustees are aware.. There is no relevant independent inspeth'on informats'on of which the organisation's indeperKlent examiner is unaware. and The chanty's trustees have taken all steps that they ought to make themselves aware of any relevarrt inspection infonnation and to establish that the independent examiner i8 aware of that infomiatson. Signed on behalf of tt)e Truste8S The Venerable A Hillier, KHC Royal Navy Lnapiain OT me frieel Chairman Dated

ANGUCAN CENTRAL NAVAL CHURCH FUND Registsred Charity 111587T CONSOUDATED STATEMENT OF ASSETS AND LIABIUTIES 314Aar-23 ASSETS Fixed Assets Investment Ftjnd £ 427.078.13 CCL4 Fixed Interest Deposit (St Anns) £ 11.082.54 St Ann's Propety £ 89.267.00 f 442,493.36 11.793.49 90,4L￿.￿￿? £ 527.427.67 È 544,687.35 Cuff&nl Assets CCLA Deposit Fund (St Ann'$) CCLA Deposit Fund {Main Furvjl Bank (Main Fund) Bank ISI Ann's) Cash (St Ann's) Bank (St Nlchdas) Cash 1st Nichotasl Bank ISI Bart'8) Ben8volent Loan Souvenir SloGk (St Ann's} Glft Ald Claims (ACNCF & St Ann's) £ 28.630.63 £ 70.720.43 £ 36,559.02 £ 36,362.66 70. £ 11,220.24 172.27 £ 6,880.81 £ 5,71xI.IXI £ 4,096.25 £ 10.400.00 £ 210.812.31 27,830. IS 56,90&36 34,710.21 40, 104.43 701 13,516. 16 7,042.39 5,7CV.LJJ 4,090.54 10.t￿.( £ 2[￿.510.?3 Current Uabllllles Nuffleld TNSI Grant (St kn's) PNIE Examlnalion £ 7.956.00 210.00 £ 8.166.00 7.956.LX) 4356. Net Current A888ts £ 202,646.31 £ 792,184.33 Nat As$ats 730.073.98 £ 736,871.88 Approved on behaff of all trustees Ven A KHC Rordl Navy Chaplaln of the Fl881 04 December 2023

ANGLICAN CENTRAL NAVAL CHURCH FUND

CONSOLIDATED RECEIPTS AND PAYMENTS SUMMARY

For the year 1 April 2022 to 31 March 2023

Receipts
Previous Year
Collections & Donations
23,618.65
£
26,153.94
£
Gift Aid
4,399.84
£
9,519.68
£
Weddings
2,590.00
£
3,143.00
£
Caskets
630.00
£
610.00
£
Committals
778.75
£
825.40
£
Memorials Books
235.00
£
565.00
£
Flowers
502.25
£
352.00
£
Souvenirs
74.50
£
98.50
£
Miscellaneous
446.95
£
787.89
£
Investment Income
12,375.04
£
12,354.42
£
Bank Interest
236.86
£
5.04
£
Deposit Interest
2,180.51
£
68.69
£
48,068.35
£
54,483.56
£
Payments exceed
Receipts
-
£
-
£
48,068.35
£
54,483.56
£
Reconciliation Statement
Net Assets 31 Mar 22
Main Fund
Receipts exceed Payments
Restricted Fund St A
Payments exceed Receipts
Restricted Fund St B
Payments exceed Receipts
Restricted Fund St N
Payments exceed Receipts
Investments - Unrealised Loss in Market Value
Decrease in Property Value
Decrease in Gift Aid
Decrease in Stock Figures
Decrease in Liabilities
Net Assets 31 Mar 23		 Payments
Charitable Grants
Outreach Grants
Presentations & Flowers
Caskets
Church Flowers
Weddings, Committals
Publications & CDs
Memorial Books DEDs
Socials & Refreshments
Church Events
Vicar & Choir Expenses
Office Costs
Repairs & Renewals
Insurance + Trophy Hire
Miscellaneous
Loans
Memberships
NCS Historical
Examination of Accounts
Donations
Receipts exceed
Payments		 8,785.75
£
3,000.00
£
369.73
£
949.80
£
1,062.23
£
-
£
148.32
£
1,124.00
£
116.65
£
479.85
£
100.00
£
400.00
£
119.92
£
731.67
£
250.23
£
-
£
127.00
£
6,494.43
£
400.00
£
13,630.00
£
38,289.58
£
9,778.77
£
48,068.35
£
736,871.68
£
15,603.88
£
(2,941.29)
£
(161.58)
£
(2,634.74)
£
(16,126.18)
£
(1,133.50)
£
400.00
£
5.71
£
190.00
£
730,073.98
£
730,073.98
£
-
£		 Previous Year
3,043.12
£
200.00
£
189.39
£
-
£
742.32
£
433.00
£
114.00
£
1,416.00
£
319.39
£
1,110.99
£
260.00
£
-
£
400.12
£
702.36
£
285.46
£
6,734.38
£
-
£
-
£
-
£
12,260.00
£
28,210.53
£
26,273.03
£
54,483.56
£

9

ANGLICAN CENTRAL NAVAL CHURCH FUND - MAIN FUND (Unrestricted Fund)

RECEIPTS AND PAYMENTS SUMMARY

For the year 1 April 2022 to 31 March 2023

Receipts
Naval Churches
Gift Aid
Standing Orders
Donations
Loan Repayment
Investment Income
Bank Interest
Deposit Interest
Payments exceed
Receipts		 6,000.00
£
4,399.84
£
830.00
£
1,778.00
£
-
£
12,375.04
£
236.86
£
1,380.03
£
26,999.77
£
-
£
26,999.77
£		 Previous Year
6,900.00
£
-
£
1,220.00
£
2,107.00
£
1,034.00
£
12,014.54
£
5.04
£
56.91
£
23,337.49
£
-
£
23,337.49
£		 Payments
Loan
Gift Aid St B & St N
Grants
Publications & CDs
NCS Historical
Examination of Accounts
Receipts exceed
Payments		 -
£
2,860.39
£
1,492.75
£
148.32
£
6,494.43
£
400.00
£
11,395.89
£
15,603.88
£
26,999.77
£		 Previous Year
5,700.00
£
-
£
1,551.12
£
114.00
£
-
£
-
£
7,365.12
£
15,972.37
£
23,337.49
£

Bank & Deposit Accounts at 1 Apr 22 £ 91,675.57 Receipts exceed Payments £ 15,603.88 Bank & Deposit Accounts at 31 Mar 23 £ 107,279.45

£ 107,279.45

ST BARTHOLOMEW'S CHURCH FUND (Restricted Fund)

RECEIPTS AND PAYMENTS SUMMARY

For the year 1 April 2022 to 31 March 2023

Receipts
Collections
4,235.69
£
Donations
1,040.00
£
Gift Aid
1,745.31
£
Weddings
113.00
£
Baptisms
249.65
£
Misc
147.50
£
7,531.15
£
Payments exceed
Receipts
161.58
£
7,692.73
£
Bank Accounts at 1 Apr 22
Payments exceed Receipts
Bank Accounts at 31 Mar 23		 Previous Year
2,816.76
£
-
£
-
£
100.00
£
188.30
£
50.00
£
3,155.06
£
-
£
3,155.06
£
7,042.39
£
(161.58)
£
6,880.81
£		 Payments
Grants & Donations
Presentations & Flowers
Miscellaneous
Receipts exceed
Payments		 7,293.00
£
369.73
£
30.00
£
7,692.73
£
-
£
7,692.73
£		 Previous Year
1,492.00
£
189.39
£
15.22
£
1,696.61
£
1,458.45
£
3,155.06
£

10

ST NICHOLAS' CHURCH FUND (Restricted Fund)

RECEIPTS AND PAYMENTS SUMMARY

For the 12 months 1 April 2022 to 31 March 2023

Receipts
Collections
660.18
£
Gift Aid
1,115.08
£
Donations
90.00
£
Weddings
-
£
1,865.26
£
Payments exceed
Receipts
2,634.74
£
4,500.00
£
Bank & Cash Accounts at 1 Apr 22
Payments exceed Receipts
Bank & Cash Accounts at 31 Mar 23		 Previous Year
464.22
£
-
£
110.00
£
200.00
£
774.22
£
-
£
774.22
£
14,027.25
£
(2,634.74)
£
11,392.51
£		 Payments
ACNCF
Drake Chaplaincy
Outreach
Catering and Sundries
Receipts exceed
Payments		 -
£
1,500.00
£
3,000.00
£
-
£
4,500.00
£
-
£
4,500.00
£		 Previous Year
200.00
£
-
£
-
£
9.00
£
209.00
£
565.22
£
774.22
£

11

ST ANN'S CHURCH FUND

(Under Anglican Central Naval Church Fund - Registered Charity Number: 1115877)

STATEMENT OF ASSETS AND LIABILITIES

31-Mar-23

Fixed Assets
Property
CCLA Fixed Interest Deposit
Total Fixed Assets
Current Assets
Cash
Current Account
CCLA Charity Deposit Fund
Souvenir Stock & Caskets
Gift Aid Claim (Estimate)
Total Current Assets
Less Liabilities
Nuffield Trust Grant
ACNCF Grant
Net Current Assets
Net Assets		 89,267.00
£
11,082.54
£
70.00
£
36,362.66
£
28,630.63
£
4,096.25
£
8,000.00
£
77,159.54
£
7,956.00
£
620.00
£
8,576.00
£		 100,349.54
£
68,583.54
£
168,933.08
£		 90,400.50
£
11,793.49
£
102,193.99
£
70.00
£
40,104.43
£
27,830.15
£
4,090.54
£
4,200.00
£
76,295.12
£
7,956.00
£
620.00
£
8,576.00
£
67,719.12
£
169,913.11
£
31-Mar-22

Represented by Designated Funds:

Non Bank Net Assets
General Fund
Distribution Fund
Project Fund		 103,869.79
£
42,956.29
£
19,630.00
£
2,477.00
£
168,933.08
£

12

ST ANN'S CHURCH FUND

RECEIPTS & PAYMENTS SUMMARY

For the year 1 April 2022 to 31 March 2023

Receipts
Donations
15,775.13
£
Baptism, Committals
778.75
£
Gift Aid
-
£
Wedding Donations
2,477.00
£
Gift Contributions
-
£
Caskets
630.00
£
Deposit Interest
800.48
£
Investment Dividends
-
£
Memorial/Ded Books
235.00
£
Souvenirs
74.50
£
Flowers
502.25
£
Misc
446.95
£
21,720.06
£
Payments exceed Receipts
2,941.29
£
24,661.35
£		 Previous Year
Payments
18,347.66
£
Church events
825.40
£
Memorial/Ded Books
8,435.68
£
Caskets
2,843.00
£
Weddings
-
£
Flowers
610.00
£
Vicars & Choir Expenses
11.78
£
Coffee
339.88
£
Trophy Hire/Insurance
565.00
£
Repairs & Renewals
98.50
£
Souvenirs & Memorabilia
352.00
£
Membership
787.89
£
Presentations
33,216.79
£
Sundries
ACNCF Transfer
Donations
-
£
Receipts exceed Payments
33,216.79
£		 479.85
£
1,124.00
£
949.80
£
-
£
1,062.23
£
100.00
£
116.65
£
731.67
£
119.92
£
-
£
127.00
£
95.94
£
124.29
£
6,000.00
£
13,630.00
£
24,661.35
£
-
£
24,661.35
£		 Previous Year
1,110.99
£
1,416.00
£
-
£
433.00
£
742.32
£
260.00
£
310.39
£
702.36
£
400.12
£
1,034.38
£
-
£
-
£
270.24
£
6,000.00
£
12,260.00
£
24,939.80
£
8,276.99
£
33,216.79
£
Cash, Bank & CCLA at 1 April 22
Payments exceed Receipts
Loss on Revaluation of Investment
Total		 79,798.07
£
Cash 31 Mar 23
(2,941.29)
£
Bank 31 Mar 23
(710.95)
£
CCLA Deposit 31 Mar 23
CCLA Fixed Int 31 Mar 23
76,145.83
£		 70.00
£
36,362.66
£
28,630.63
£
11,082.54
£
76,145.83
£

13

St ANN's CHURCH - DONATIONS TO CHARITY April 2022 to March 2023

ACNCF (£500 per month)
Army Benevolent Fund
Ascension Trust (Portsmouth Street Pastors)
Childrens Liver Foundation
Christians against Poverty
Combat Stress
Diocese of Cyprus Ras Morbat
DEC Turkey Syria Earthquake
DEC Pakistan Floods
Embrace
Extra Cover
Fareport Talking News
Great Ormond St Childrens Hospital
Hampshire & IOW Ambulance
Haven - HMS Nelson
Hope In Action - Where We Work
International Fellowship (£20 per month)
Motor Neurone Disease Associaiton
Naomi House
Naval & Military Bible Society
Parkinsons UK
Portsmouth Association for the Blind
Portsmouth Churches Housing Association
Portsmouth Family Welfare Society
Portsmouth Hospitals Charity
Prostate Cancer
Roberts Centre
Ronald Macdonald Houses
Rowan's Hospice
RM Benevolent Fund
RN Benevolent Trust
RNRM Children's Fund
RN&RM Charity (£100 a month plus single donations)
RN&RM Widows Association
Royal Naval Officers Charity
Royal Sailors Rest
QARNNS Trust
St Marys PCC
Salvation Army
Shipwrecked Mariners Society
SSAFA
Training Grants
Veterans Outreach Support
WRNS BT		 Donations
6,000.00
£
250.00
£
250.00
£
250.00
£
250.00
£
250.00
£
250.00
£
940.00
£
500.00
£
250.00
£
250.00
£
250.00
£
250.00
£
250.00
£
250.00
£
250.00
£
240.00
£
250.00
£
250.00
£
500.00
£
250.00
£
250.00
£
250.00
£
250.00
£
250.00
£
250.00
£
250.00
£
250.00
£
250.00
£
250.00
£
250.00
£
250.00
£
1,450.00
£
250.00
£
250.00
£
250.00
£
250.00
£
250.00
£
250.00
£
250.00
£
250.00
£
750.00
£
250.00
£
250.00
£
19,630.00
£

14