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|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|
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|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||||
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|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||||
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|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|||||
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|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||
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||||||||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|
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||||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|
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|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||
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||||Unrestricted|Total Funds|Total Funds|
|---|---|---|---|---|---|
||||Funds|2022|2021|
|||||6||
|Investment|Management|Charges||||
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|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|
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|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||
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|||||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|
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|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|
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||||||||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|
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|||||||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|
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|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|||
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|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|
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||||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|