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|Annual|report||
|---|---|---|
||Legal objects||
||Aims and Objectives||
||Achievements
in the year||
||Future Plans||
||Financial review||
||Structure and Governance||
||Trustees'
responsibilities||
||Administrative
details||
|Independent
Examiners
Report|||
|Statement of Financial Activities|||
|Balance Sheet|||
|Notes|to the Financial Statements|9-15|
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||||||||Unrestricted|Restricted|Total Funds|Total Funds|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||Funds|Funds|2023|2022|
|||||||Note|E|E|E|E|
|Income from|||||||||||
|Diocesan course|fees|||||2|212,530||212,530|193,644|
|Income from charitable||||activities:|||||||
|Otherincome|||||||49,819|229|50,048|8,526|
|Other course fees|||||||40,839||40,839|52,656|
|Bank Interest|||||||2,169||2,169|217|
|Totalincome|||||||305,357|229|305,586|255,043|
|Expenditure
on|||||||||||
|Charitable
activities||||||3|335,597|600|336,197|301,066|
|Total expenditure|||||||335,597|600|336,197|301,066|
|Net expenditure|before investment||||(losses)/gains|4|(30,240)|(371)|(30,611)|(46,023)|
|Net gain/(loss)
on investment|||||||||||
|Unrealised
gain/(loss)|||on investment||assets|8'|765||765|(1,378)|
|Net expenditure|||||||(29,475)|(371)|(29,846)|(47,401)|
|Reconciliation
of|funds||||||||||
|Total funds brought||forward|||||225,661|1,489|227,150|274,551|
|Total funds as at|31|August 2023||||13|196,186|1,118|197,304|227,150|
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|||||||Note|2023|2022|
|---|---|---|---|---|---|---|---|---|
||||||||6|f|
|Fixed assets|||||||||
|Tangible assets||||||||351|
|Investments||||||8|69,316|68,551|
||||||||69,316|68,902|
|Current assets|||||||||
|Debtors||||||9|20,489||
|Cash at bank|||||||131,022|179,536|
||||||||151,511|179,536|
|Creditors: amounts|falling due within||one year|||10|(23,523)|(21,288)|
|Net current assets|||||||127,988|158,248|
|Total assets less current||liabilities|||||197,304|227,150|
|Net assets|||||||197,304|227,150|
|The funds ofthe charity|||||||||
|Unrestricted
income funds( including|||investments|revaluation|reserve of||||
|f38,552 (2021:f39,930)||||||13|196,186|225,661|
|Restricted income funds||||||13|1,118|1,489|
|Total Funds|||||||197,304|227,150|
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|||||||Unrestricted|Unrestricted|Total Funds|Total Funds||
|---|---|---|---|---|---|---|---|---|---|---|
||2 Diocesan||course fee income||||Funds|2023|2022||
||||||||f||f||
||Durham|Diocesan Board of Finance|||||156,090|156,090|132,659||
||Newcastle||Diocesan||Board of Finance||56,440|56,440|45,119||
||||||||212,530|212,530|177,778||
|||||||Unrestricted|Restricted|Total Funds|Total Funds||
|3|Costs ofcharitable|||activity by activity type||Funds|Funds|2023|2022||
||||||||f|f||f|
||Academic costs|||||273,817||273,817|239,754||
||Administration||costs|||58,899||58,899|57,506||
||Governance|costs||||2,881||2,881|2,904||
||Grants given||||||600|600||902|
|||||||335,597|600|336,197|301,066||
|4|Net expenditure|||for the year|||||||
||This is stated||after charging:||||||||
||||||||2023|2022|||
||||||||f|E|||
||Depreciation||||||351|326|||
||Independent||examination||fee||1,710|1,710|||
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|Employee details|Employee details|||||
|---|---|---|---|---|---|
|The average headcount||during the|year was as follows|||
|||||2023|2022|
|||||No|No|
|Academic staff||||3.0|3.0|
|Administrative
staff||||2.9|2.9|
|||||5.9|5.9|
|The average number|ofemployees||during|||
|the year, calculated|on|the basis of|full-time|||
|equivalents,
was as|follows:|||||
|||||2023|2022|
|||||No|No|
|Academic staff||||2.0|2.0|
|Administrative
staff||||1.2|1.2|
|||||3.2|3.2|
|Total staff costs were as follows:||||||
|||||2023|2022|
|||||f|E|
|Wages and salaries||||158,938|151,402|
|Social security costs||||13,829|14,577|
|Other pension costs||||14,971|14,822|
|Movement
in pension||liability||||
|||||187,738|180,801|
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|7|Tangible Asse|ts|||
|---|---|---|---|---|
||||Computers,||
||||Equipment
&||
||||Furniture||
||||f||
||At cost||||
||At 1September 2022||5,434||
||At 31August|2023|5,434||
||Accumulated|depreciation|||
||At 1September 2022||(5,083)||
||Charge for the year||(351)||
||At 31August|2023|(5,434)||
||Net book value at 31August 2023||||
||Net book value at 31August 2022||351||
|8|Investments||||
||||Listed||
||||investments||
||Within the United
Kingdom||||
||At 1September 2022||68,551||
||Revaluations||765||
||At 31August|2023|69,316||
||Historic Cost|at 31August 2023|30,000||
|9|Debtors||||
||||2023|2022|
||||f|f|
||Trade debtors||13,777||
||Prepayments|and accrued income|6,712||
||||20,489||
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|90ofpensionable|stipends|January 2018to|January 2021to|
|---|---|---|---|
|||December 2020|December 2022|
|Deficit repair contributions||11.99o|7.19o|
|||||2022||2021|
|---|---|---|---|---|---|---|
|Balance sheet liability at|1January||||2,000|4,000|
|Deficit contribution
paid|||||-1,000|-2,000|
|Interest cost (recognised|in SoFA)||||0|0|
|Remaining
change to the|balance sheet liability*|(recognised|in SoFA)||-1,000|0|
|Balance sheet liability at|31December|||||2,000|
|||December 2022|December 2021|December 2020|
|---|---|---|---|---|
|Discount rate||n/a|0.090 pa|0.2%pa|
|Price inflation||n/a|n/a|3.1%pa|
|Increase to total pensionable|payroll|n/a|-1.59o pa|1.6%pa|
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|Summary||of|fund movements||||||
|---|---|---|---|---|---|---|---|---|
|||||Balance at 1|Incoming|Outgoing|Gains and|Balance at|
|||||Sep 2022|resources|resources|losses|31Aug 2023|
|||||f|f|f|f|f|
|Unrestricted|||Income Funds:||||||
|General|Funds|||225,661|305,357|(335,597)|765|196,186|
|Restricted||Funds||1,489|229|(600)||1,118|
##
||||||||Net|||
|---|---|---|---|---|---|---|---|---|---|
||||||||current|Long term||
||||||Fixed|assets|assets|liabilities|Total|
|||||||f|f|f|f|
|Unrestricted|||Income|Funds:||||||
|General|Funds|||||69,316|126,870||196,186|
|Restricted||Funds|||||1,118||1,118|
|||||Net|||
|---|---|---|---|---|---|---|
|||||current|Long term||
||||Fixed assets|assets|liabilities|Total|
|||||f|f|f|
|Unrestricted||Income Funds:|||||
|General
Funds|||68,902|156,759|0|225,661|
|Restricted|Funds|||1,489||1,489|
|Total Funds|||68,902|158,248|0|227,150|