| CONTENTS | PAGE | |
|---|---|---|
| Members ofthe Board and professional |
advisers | |
| Trustees' Annual Report |
||
| Independent examiner's report to the trustees |
10 | |
| Statement offinancial activities |
||
| Balance sheet | 12 | |
| Notes to the financial statements | 13 |
| Registered | Registered | charity name | Strand Parishes Trust | Strand Parishes Trust | Strand Parishes Trust | |
|---|---|---|---|---|---|---|
| Charity | number | 1121754 | ||||
| Principal | office | 169Strand | ||||
| London | ||||||
| WC2R 2LS | ||||||
| Trustees | Rev'd Dr P.G. Babington Mrs Janet Crabtree (from 14' July 2022) Mr N. Cressey (until 14' July 2022) |
|||||
| Mrs M. Foster | ||||||
| Professor Frank Keating | ||||||
| Mrs J.M. Ker-Reid | ||||||
| Ms A. Kyei-Mensah | ||||||
| Mr P. Maplestone | (Deputy Chairman) | |||||
| Mrs C. Munday | ||||||
| Mrs M.D. Roberts | (Chairman) | |||||
| Mr C.R. Spanton | ||||||
| MsJ.Thomas | ||||||
| Clerk to | the | Trustees | Roy Sully, ACIS | |||
| Investment | managers | CCLA Investment Management Limited, 1 Angel Lane, London, EC4V4ET |
||||
| Independent | examiner | Shoaib Arshad, ACA, FCCA |
||||
| Knox Cropper LLP | ||||||
| 65 Leadenhall Street |
||||||
| London | ||||||
| EC3A 2AD | ||||||
| Bankers | C. Hoare &Co. | |||||
| 37Fleet Street | ||||||
| London | ||||||
| EC4P 4DQ |
| rants made to organisations during the |
rants made to organisations during the |
year were as follows: | |||
|---|---|---|---|---|---|
| Age UK Westminster | 5,000 | For a befriending | service | ||
| Church Homeless |
Trust | 5,000 | Activities for the | Elderly | |
| For community | work | in South | |||
| ETAT | Westminster | ||||
| Family Lives | 6,000 | ||||
| Fareshare | 10,000 | For a Food Redistribution Programme |
|||
| Glassdoor | 6,000 | For community Westminster |
work | in South | |
| Glassdoor | 5,000 | For a food redistribution programme |
|||
| Groundswell | 5,000 | Advice service for the homeless | |||
| Interact Stroke Support | 2,000 | ||||
| Paddington Law |
Centre | 7,000 | For Running Costs |
||
| Pan Intercultural | Arts | 3,000 | |||
| Pineapple Project |
5,000 | ||||
| Portman House Marylebone |
5,000 |
| Science 4U | f. | 2,327 | ||||||
|---|---|---|---|---|---|---|---|---|
| StCuthbert Centre |
6,000 | Support for | the homeless | |||||
| StJohn's Hospice | 5,000 | For running | costs | |||||
| StMungo's | 7,000 | Support for | the homeless | |||||
| The Cardinal Hume |
Centre | 7,000 | For running | costs | ||||
| Woman's Trust | 6,227 | |||||||
| TOTAL RELIEF-IN-NEED | f | 102,554 | ||||||
| Adventure Play Hub |
at St John's Wood | E | 6,000 | Weekend | Workshops | |||
| Avenues Youth Project |
E | 5,000 | For kitchen | refurbishment | ||||
| Beauchamp Lodge |
E | 6,000 | For music | bursaries | ||||
| To provide | performing | arts | ||||||
| Brent Centre | programmes | |||||||
| Caxton Youth | E | 6,000 | For running | costs | ||||
| Centre for Young Musicians | f | 4,676 | For running | costs | ||||
| Dream Arts | f | 6,000 | For a Wi Fi | upgrade | ||||
| House ofSt Barnabas | 5,000 | |||||||
| Pimlico Toy Library | E | 5,000 | ||||||
| StAndrews Club |
E | 5,000 | ||||||
| St Barnabas | f | 840 | ||||||
| St Barnabas | f | 5,000 | ||||||
| St Paula Cathedral | Foundation | f | 3,940 | |||||
| The Doorstep Library | f | 5,000 | ||||||
| Westbourne Park Family Centre |
f | 6,000 | For Running | Costs | ||||
| Westminster Boating Base |
E | 8,750 | ||||||
| TOTAL ADVANCEMENT-IN-LIFE | E | 83,208 |
| Trustees Report. |
are listed under the heading of 'Reference and Administrative |
are listed under the heading of 'Reference and Administrative |
are listed under the heading of 'Reference and Administrative |
Details' earlier |
|---|---|---|---|---|
| Members | ofthe Finance and General Purposes Committee during |
the year were: | ||
| Mrs Ma | Foster | Mrs Christina Munda |
||
| Mr Peter | Ma lestone | Mrs Mar e Roberts |
||
| Mr John | Ma cock | Mr Charles Spanton | ||
| Members | ofthe Grants Advisory | Committee | during the year were: | |
| Mrs Ma | Foster | Mrs Mar e Roberts |
||
| Mrs Jane | Ker-Reid | Mr Charles S anton | ||
| Mrs Christina Munda |
Ms Julie Thomas |
| Total Funds | Total | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Endowment | 2022 | Funds | |||||
| Funds | Funds | 2021 | ||||||
| Note | 6 | |||||||
| INCOME | ||||||||
| Donations | 2 | |||||||
| Investment Income |
3 | 257,223 | 257,223 | 249,008 | ||||
| Bank Interest | 36 | 36 | ||||||
| 257,259 | 257,259 | |||||||
| TOTAL INCOME | 257 | 259 | 257 259 | 249 008 | ||||
| EXPENDITURE | ||||||||
| Expenditure on Charitable |
Activities | 256,348 | 256,348 | 274,453 | ||||
| Investment Management |
6 | |||||||
| TOTAL EXPENDITURE | 256 | 348 | 256348 | 274 453 | ||||
| NET EXPENDITURE | 911 | 911 | (25,445) | |||||
| OTHER RECOGNISED GAINS AND | ||||||||
| LOSSES | ||||||||
| Gains/(Losses) on Revaluations ofInvestment Assets |
1D | ~423 | 7$7 | ~732566 | ~3345633 | 1194249 | ||
| NET MOVEMENT IN FUNDS | (412,856) | (7317866) | (171447722) | 1,168,804 | ||||
| RECONCILIATION | OF FUNDS | |||||||
| Total Funds Brought | Forward | 3,598,429 | 6,244,873 | 9,843,302 | 8,674,498 | |||
| TOTAL FUNDS CARRIED FORWARD | 3 185 | 573 | ~ ~13DD7 | 8698580 | 9,643,302 |
| Note | 2022 | 2021 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|
| E | ||||||||
| FIXEDASSETS | ||||||||
| Tangible Assets | 9 | |||||||
| Investments | 10 | 8629827 | 9 | 775 460 | ||||
| 8,629,627 | 9,775,460 | |||||||
| CURRENT ASSETS | ||||||||
| Cash at Bank | 46,194 | 44,442 | ||||||
| Cash on Deposit | 27,766 | 27,766 | ||||||
| CREDITORS: due within one |
Amounts year |
falling | 11 | ~5207 | 4366 | |||
| NET CURRENT | ASSETS | 68 753 | 67 642 | |||||
| TOTAL ASSETS LESS CURRENT | ||||||||
| LIABILITIES | 8 698580 | 9 | 843 302 | |||||
| FUNDS | ||||||||
| Endowment Funds |
12 | 5,513,007 | 6,244,873 | |||||
| Unrestricted Income Funds |
13 | 3,185,573 | 3,598,429 | |||||
| TOTAL FUNDS | 8698 580 | 69 | 843 302 |
| DONATIONS | |||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Total | Funds | ||||
| Funds f |
2022 f. |
2021 | |||||
| Sundry donations | |||||||
| INVESTMENT INCOME | |||||||
| Unrestricted | Total Funds | Total | Funds | ||||
| Funds f |
2022 f |
2021 f |
|||||
| Dividends and Interest Received |
257,223 | 257,223 | f249,008 | ||||
| COSTS OF CHARITABLE ACTIVITIES BYACTIVITY | TYPE | ||||||
| Total Funds | Total | Funds | |||||
| 2022 | 2021 f |
||||||
| Grants to Individuals | -Pensions | 11,500 | 10,800 | ||||
| Grants to Individuals | -Other | 10,172 | 10,900 | ||||
| Grants to Institutions | 202,653 | 221,800 | |||||
| Support Costs (Note | 5) | 32,023 256,348 |
30,953 f274,453 |
||||
| SUPPORT COSTS | |||||||
| Unrestricted | Total | Funds | Total Funds | ||||
| Funds | 2022 | 2021 | |||||
| f. | f | f | |||||
| Salaries and Employment | Costs | 19,774 | 19,774 | 18,842 | |||
| Premises Costs | 5,082 | 5,082 | 5,082 | ||||
| Independent Examination |
Fee | 3,300 | 3,300 | 3,012 | |||
| Legal Fees | |||||||
| Travel and Subsistence | |||||||
| Printing, postage and stationery |
1,827 | 1,827 | 1,781 | ||||
| Telephone and ICT |
575 | 575 | 573 | ||||
| Other Costs | 160 | 160 | 1,089 | ||||
| Training | 903 | 903 | 155 | ||||
| Bank Charges | 402 | 402 | 419 | ||||
| Depreciation | |||||||
| 32,023 | 32,023 | f30,953 |
| Unrestricted | Total Funds | Total Funds | |||
|---|---|---|---|---|---|
| Funds | 2022 | 2021 | |||
| 6 | |||||
| Investment | Management | Charges |
| Total | staff costs were as follows: | ||
|---|---|---|---|
| 2022 | 2021 | ||
| 8 | |||
| Wages | and salaries | 17,921 | 17,061 |
| Social | security costs | 1,637 | 1,565 |
| Payroll | Administration | 216 | 216 |
| 19,774 | 18,842 |
| or transaction entered into by the charity during th TANGIBLE FIXEDASSETS |
e year orthe previous year. |
|---|---|
| Fixtures 8 | |
| Fittings | |
| 6 | |
| COST | |
| At 1 January 2022 |
571 |
| Additions | |
| At 31 December 2022 | 571 |
| DEPRECIATION | |
| At 1 January 2022 |
571 |
| Previously Charged |
|
| Charge for the year | |
| At 31 December 2022 | 571 |
| NET BOOK VALUE | |
| At 31 December 2022 | |
| At 31 December 2021 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| 6 | 6 | ||||
| Market value | at 1 January | 9„775,480 | 8,581,211 | ||
| Acquisitions | at cost | 750,268 | |||
| Disposals at | opening book value |
(765,422) | |||
| Unrealised gains on revaluations |
in the year ended | ||||
| 31 December | 1,145,633 | 1,209,403 | |||
| Market value | at 31 December | 8,629,827 | 9,775,460 | ||
| Gains/(losses) on Investments |
|||||
| 2022 | 2021 | ||||
| 8 | |||||
| Unrealised (losses)/gains on |
revaluations | ||||
| in the year | ended 31 December | (1,145,633) | 1,209,403 | ||
| Realised losses on the sale ofInvestments | (15,154 | ||||
| Total realised | and unrealised | gains | 1,145,633 | Et,194,249 |
| CREDITOR | S: | Amounts f |
alling due within one y | ear | |
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| 6 | |||||
| Independent | Examination | Fee | 3,314 | 3,012 | |
| Grants Agreed | but not yet | Paid | 1,899 | 1,354 | |
| 9,207 | k4,366 |
| Balance at | |||||||
|---|---|---|---|---|---|---|---|
| Balance at | Gains and | 31December | |||||
| 1 | January | 2022 | losses | 2022 | |||
| F. | F | E | |||||
| Permanent | endowments | ||||||
| Permanent | Endowment | Fund | f6,244,873 | (f731,866) | f5,513,007 |
| Balance at | ||||||
|---|---|---|---|---|---|---|
| Balance at | Gains and | 31 December | ||||
| 1 | January 2021 f |
losses E |
2021 f |
|||
| Permanent | endowments | |||||
| Permanent | Endowment | Fund | E5,494,462 | F750,411 | F6,244,873 |
| UNREST | RI | CTE | D INCOME FU | ND | S | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance at | Balance at | ||||||||||
| 1 January | Incoming | Outgoing | Gains | and | 31 December | ||||||
| 2022 E |
resources E |
resources F |
losses f |
2022 f |
|||||||
| Designated | |||||||||||
| Fund | 3,530,5$7 | 92,768 | (92,76$) | (413,767) 3,116,820 |
|||||||
| General | Funds | 67,$43 | 164,490 | (163,5$0) | 0 68,753 |
||||||
| 3,59$,429 | 257,25$ | (256,34$) | (413,767) 3,1$5,573 |
||||||||
| Designated | Reserves comprise |
unspent income |
brought | forward | from | closed charities | |||||
| and 'ring-fenced' | to provide future |
income. | These are available | for expenditure at the |
|||||||
| Trustees' | discretion. | ||||||||||
| parative | Unrestricted Income |
Funds: | |||||||||
| Balance at | Balance at | ||||||||||
| 1 January | Incoming | Outgoing | Gains | and | 31 December | ||||||
| 2021 | resources f |
resources f |
losses f |
2021 E |
|||||||
| Designated | |||||||||||
| Fund | 3,086,749 | 89,719 | (89,719) | 443,838 3,530,567 |
|||||||
| General | Funds | 93,267 | 159,289 | 184,734 | 67,842 | ||||||
| E3,180,036 | f249,008 | F | 274,453 | F443,838 F3,598,429 |
| ANALYSIS | OF NET A | SSETS BETWEEN FUND | S: 2022 | ||
|---|---|---|---|---|---|
| Tangible fixed | Net current | ||||
| assets f |
Investments f |
assets | Total f |
||
| Endowment | Funds: | ||||
| Permanent | Endowment | Fund | 5,513,007 | 5,513,007 | |
| Unrestricted | Income | Funds: | |||
| Designated | Funds | 3,116,820 | 3,116,820 | ||
| General Funds | 68,753 | 68,753 | |||
| Total Funds | 8,629,827 | 68,753 | 8,698,580 | ||
| parative Analysis of |
Net Assets between Funds: 2021 | ||||
| Tangible fixed | Net current | ||||
| assets f |
Investments F |
assets f |
Total f |
||
| Endowment | Funds: | ||||
| Permanent | Endowment | Fund | 6,244,873 | 6,244,873 | |
| Unrestricted | Income Funds: | ||||
| Designated | Funds | 3,530,587 | 3,530,587 | ||
| General Funds |
67,842 | 67,842 | |||
| Total Funds | F9,775,460 | F67,842 | F9,843,302 |
| Unrestricted | Endowment | Total Funds | |||
|---|---|---|---|---|---|
| Funds | Funds | 2021 | |||
| E | |||||
| INCOME | |||||
| Donations | |||||
| Investment Income |
249,008 | 249,008 | |||
| Bank Interest | |||||
| TOTAL INCOME | 249 008 | 249 008 | |||
| EXPENDITURE | |||||
| Expenditure on Charitable |
Activities | 274,453 | 274,453 | ||
| Investment Management |
|||||
| TOTAL EXPENDITURE | 274453 | 274 453 | |||
| NET EXPENDITURE | (25,445) | (25,445) | |||
| OTHER RECOGNISED | GAINS AND | ||||
| LOSSES | |||||
| Gains/(I osses) on Revaluations of Investment Assets |
443838 | 750411 | 1194249 | ||
| NET MOVEMENT IN FUNDS | 418,393 | 750,411 | 1,168,804 | ||
| RECONCILIATION | OF | FUNDS | |||
| Total Funds Brought | Forward | 3,180,036 | 5,494,462 | 8,674,498 | |
| TOTAL FUNDS CARRIED FORWARD | 63 598'129 | 66 244 873 | 69843 302 |