REGISTERED COMPANY NIIMBER". 117284461 (Engl•nd 9Dd W&l¢s) REGISTLRED CHARITY NIIMBER: 1141117 THE ST MARY'S AND ST GILES, CENTRE REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 MARCH 2024 William5 Dcnton Cyf Chartered C¢rtifJ¢d Accountants Glaslyn FfoTdd y P3r¢ Parc Menai Bangor Gwyncdd LL57 4FE
THE ST MARY'S AND sr GILES, CENTRE CONTENTS OF THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 31 MARCH 2024 P•ge Report of the Trustees Indepthdent Exminer's Rert StstemeDt ofFlttandal Aetlyldes Bbntt Shett 6 to 7 Notes to the FinaAcial Statements 8 to 15
THE sr MARY'S AND ST GILES, CEiYniE (REGISTERED NUMBER: 117284461) REPORT OF THE TRUSI'EES FOR THE YEAR EIYDED 31 MARCH 21124 Th¢ trust¢¢s Mtho are also dire¢tors of the charity for the Purposes of the Compatiies Aci 2006. present thelr r¢p)rt with the flnancial stat¢ments of the ¢harity for the year ended 31 March 2024. The tntee5 have adopted the provisions of A¢¢ounting and R¢porting by Charities.. Statement of R¢comrnend¢d Practire applicable to charities preparing their accounts in accordance with the FiDanrial Reportittg Standard 8pplicable in the LryQ and Republic of Ireland {FRS 102) leffedive l January 20191. OWEcfivES AND ACTivrrtES Objtttives and aims The promotion of religion and education within th¢ principles of the Anglican churc by means of a¢aderni¢ re5ear¢h and curriculum development, publication and dis5eD]inatiOll of edu¢atio]] and resear¢h pap¢rs and materials, the training and education of professional and lay pastor& tea¢hers and volunteers and the supp)rt of ¢ducation providers. The Charity ha5 worked extensively in furthering its object5 alld. 51tLC¢ its founding in 2010, ha5 ¢5tabliEh¢d a rore stsff and body of advisers with iniemational r¢putations in ¢h¢ field of religious edue8tion. It has dcvelop¢d and maintsined resouT¢es for thc advancement of reli8ious education awdiiable IM)th educaiional and research esfablishments and to the public generally It has es¢ablished and operates a Postgraduate Learning Community in Christian Education. 5UPPQrting masters, professional doctorate and PhD level research, desigthed for reli0$ ¢datorS and Church lefiders. It undertakes and publishes aciderni¢ res¢ar¢h, the usefvl produds of which hre available to the public generally. The thlstees and staff WO together to draw up strategic plan& from which prh)riii¢s are set and spxcific work plans devised. Through0 this process the In1¢¢$ have regard to th¢ Charity Commission'5 guidallce on public benefit and ensure that s¢tvices meet th¢se criteria. Publle btDefit The trustees confirm that they have referred to the guidance contained in the Charity Commission's 8eneral guidance on publi¢ benefit 1)en reviewing the charity5 aims and objectlVe5 and in plattkin8 future aciivities. ACHIEVEMENf AP4D PERFORMANCE Charitabl¢ #ctitles- HOTr ollr activities deliver pubiie bettefft The charity has work¢d emensivety in furtherin&y its objeclives since its founding in 2010. and has actively ellgaged for publi¢ benefit in the promotion of religion and education in accordance with th¢ prin¢iples of the Anglican Chur¢h. It bas done this by m¢ans of und¢rtaking xadernic research, and en5urin8 that the findings of a¢Ademir rescar¢h have been well disseminatcd within the u5¢r communilie5. It has doDe so through the development of curricLElum resourees, and the dtS5emitiation of these resources for public benefit through activities engaged with by schools And churches. For example, the St Ccntre b5]t¢ provides publicly #¢¢e$$ibl¢ and tree ot eharge resources to enable schools in Wales to provide r¢ligious ¢du¢ation. Relevant materials at both secondary and pritnary level Are accessible through the websit¢ in the Medium of Welsh as well as English. The charity has delivered public benefrt by collaborating with the University of Warwck and Bislx)p Gr05seteste University Lincoln io provide opporniniiies to ¢nhan¢¢ ihe professional mpetence of religious ¢du¢atOTS working boih within s¢hools and withtTh churches. Research undertaken by the charity has deliv¢r¢d publi¢ benefit by providing research-based infoTmed infom1]0 for ihe Schools and Curriculum Review Id¢rtak¢ll by the Welsh GoY¢rnmeni_ The Charity has delivered public benefit by col]aboratin8 with the Wales Association of SACRES and with the 22 individual SACRES withith Wttles. through research c&p8bility, to enhat)ce their delivery ofthcir 5tatutt>ry obligations. Page I
THE ST MARY'S AND ST GILES, CENTRE (REGISTERED NUMBER: 07284461) REPORT OF THE TRUSTEFS FOR THE YKAR ENDED 31 MARCH 2024 FINANCIAL REVIEW Overdll the charity incurred a deficit of £11,486 (2023 - £55,045) of whi¢h uturstri¢ted funds mad¢ a deficit of £9,337 (2023 - £52,772) alld restricted funds made a deficit of £2.14912023 surp]- £2.273). Closing funds at 31 March 2024 were £24,221 (2023 - £35,707) of whi¢h £ 17,393 We unrestricted {2023 - £20.079) and £6,828 were restlLCted12023- £15,628). Reserves policy The trDstees hav¢ ¢xamined th¢ r¢quir¢meni for free resenrs which are those unrestrirted funds ntst designated for specific pwN)ses or otherwÉse ¢ornmitted and consider it prudent lo maintsin a minimurn amovnt of £20,000. Although current free reserves do not reach this, they are still within the Charity Commissions re¢ommendation of ihree months opernting costs. Principal fudIng source5 The charity's main funding sources ar¢ from other religious organisations in the forni of grants or project fee5 along with 5)rynposium and conference fees. RuURE. GOVERNANCE AND MANAGEMENT GovtrDlng dotlllheDt The charity is a company limited by guarantee and is governed by its Memorandum and Articles ofA8so¢iation dated 14 2010. It 15 Tegi5tertd with the Charity Commission. Any orgathisation or individual over the age of 16 catt becottLe a m¢mber of th¢ charity at the dis¢re¢ion of th¢ Trust¢¢s and there arc currently 3 members (3 in 2023), each of whom agreed to Contribute £1 in the event of the wrnpa being wound up. Re¢rnitment and appoiTrtmtnt of new Irustees The operation of the charity is rnanaged by a board of TNs¢e¢s. The Trustees of the Charity gr¢ dirrftors of the Company for the purp)se of th¢ Conjpanies Act 2006 and Charity tn1¢¢$ ofthe Company for the purpose of the Charitie5 Act. There is presently restriction on the maximurn numberof Trustee5 but there is a minimum thre¢. Tyuslees are app)inted in accordantt Mith the Charity's Articles of A5ciation. In wn5idering th¢ 8ppointment8 the trlee5 will comply with the Charity Commission's guidance as set out I Ch8rity Commission Booklet CC30- Finding New TrUst- Wh charlties need know. M¢mb¢Tship of the t)ard of Trnsl¢es will a¢curAtely as possible reflect the membership and objects of the Company as is current at the time. Related Parties Due io ih¢ nature of ihe Charity operntions and the compD$ition of thr board of TTUStee5 Tt 15 incvitablc that transactions will take place with (Trrganisations in whi¢h a member may hav¢ inierest. All transactions involving or88nisations in whi¢h a TnLSt¢e may have an inleTest are condu¢ted at arm's length. REFERENCE Ai¥D ADMINISTIL4TIVE DETAILS Regist•red Comp&ny number 07284461 (England and Wales) stsred Charity number 1141117 Page 2
THE ST MARY'S AND ST GILES, CENTRE (REGISTERED NUMBER: 117284461) REPORT OF THE TRIJSTEES FOR THE YEAR Ef4DED 31 MARCH 21114 Registered offi¢e Glaslyn Ffordd y Parc Parc M¢nai Bangor GYcdd IL57 4FE Tn¢¢¢5 Mr P R Williams {Chair) Prof C A Lewis The Rt Revd Dr D S Walker ManAgement Conbmitt¢e Revd CanL)n Prof¢$sor L J Francis (Honorary Director of St Mary's Centrc} Revd Dr T ap Sion (X¢clive Director of St Mary's Centre) Mr P R Willioms (Chair) Prof C A Lewis The Rt Revd Dr D S Walker IDdepelldent Examiner WAlliams D¢nton Cyf Chartered Certified A¢¢ountants Glaslyn Ffordd y Parc Parc Menai Bangor Gmynedd LL57 4FE Soli¢itors AllinBton Hughes 10 Grosvenor Road Wrexham LLII ISD BaDk¢rs Barclays Bank 51 Hope Strett Wrexham LLI I IBB Approyed by order ard of trustees on................. Ur - and signed on its behaifby.. Mr P R William5 IChair)- Trustee Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRusrEKs OF THE ST MARY'S AND ST GILES, CENTRE Independemt examitier'$ report to the trustees of The St M#ry'5 And St Giles, Centre {'tbe Cornpany,) I Teporf to the charity ts7¢¢$ on My exarnination of the oc¢ounts of the Company forthe year ended 31 March 2024. R¢spon$ibiliti¢s 4nd bgsis of report As the chariiy's trustees of the Cornpany {and also its director5 for the purposes of eompany lawl you or¢ spOnSible for the pr¢paratiOn (pf the a¢¢ounts in a¢¢ordan¢e with the requiremertts of ihe Companies Aci 20061'the 2006 Ad). Having satisfied myself that ihe a¢¢ounts of the Company are not required to be audtted under Part 16 of th¢ 2006 Act and aTe eligible for iThd¢pendent examination, I r¢port in reSpt of my ¢xamination of your ¢harity$ accounts as carried out under Section 145 of the Chariiies Act 2011 Cthe 2011 Act,). In caTryin¥ out tny examination I have followed the Direaions siveD by the Charity Commission under S¢¢tion 145{5) Ib) of the 2011 Act. Independent examkner's s¢atsment I have completed my cxamination. I confinn that no matters have come to my attention in connection with the ¢xamination giving me Cause to believe.. aecounting records were noi kept in respect of the Company as required by Section 386 of the 2006 ACL or the a¢count$ do not aceord with those records- or the counts do not ¢ornply with the ac¢ounting requiremeft of Section 396 of the 2006 Act oth¢r than any requirement that the accounts give a true and fair view whieh is not a matter considered as part of an ind¢pendent examination. or the accounts have not been prepared in accordance %4Trth th¢ methods and principles of the Stat¢ment of R¢commended Practice for ae¢ountin8 and reporting by charities (applicable to clwitie5 preparing their accounts in accordance with the Finan¢tal Reporting Stsndard applicable in the UK ond Republic ofTr¢land IFRS 102)). I have no concerns and have come across no other matters in ¢onn¢dion with the examÉnation to which attention should be drawn in this T¢rt in order to enable a proper under5tsndin8 of thc accounts to bc reached. Colin Bell FCCA Williams tknton Cyf Chart¢red Certified A¢¢ounthnts Gla51yn Ffordd y Parc Parc Menai Bangor Gwyfftedd LL57 4FE P4g¢ 4
THE ST MARY'S AND ST GILES. CENTRE STATEMENT OF Fif4ANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDrruRE ACCOUNT) FOR THE YEAR ENDED 31 lARCH 2024 2024 Total fundj 2023 Total fund5 Unrestri¢t¢d fi]nd estricted fund5 Notes INCOME AND ENDOWMENTS FROM Charitable attivities Promotion of relTgion and education within th¢ prin¢iples &fthe Anglican Church 43JO6 2,lJ76 45J82 10.782 Ittvestm¢ni in¢om¢ 276 277 87 Tot&1 43.582 2.077 45.659 10,869 EXPENDITURE ON Charitable activities Promotion of religion and education within the prin¢ipl¢s of the Attglican Church 52,919 4326 57,145 65.914 NET lNCOMEI(EXPEI¥DuRE) TraD$fers between funds (9J37) 6,651 (1149) 16,051) (11.486) (55.045) 14 movement ID fud¥ (2,680 (8.8(10) (11,486) (55.045) RECONCILIATION OF FUNDS Total funds brought forward 20.IJ79 IS628 35,707 90,752 TOTAL FUNDS CARRIED FORWARD 17J93 6J28 14321 35,707 CONTINUING OPERATIONS All income and expettdilure has arisen from continuin8 activitie5. The note5 forni port of these financial s¢atem¢nts Pag¢ 5
THE ST MARYtS AND ST GILES. CENTRE (RECISf£RED IYUMBER: 07284461) BALANCE SHEET 31 MARCH 2024 21124 Total funds 2023 Tothl mds Unrestri¢ted fund R¢stri¢t funds Notes CINRREIYf ASSEIS Sto¢ks Debtors Cash at bank and in halld 269 269 355 12 li 6817 38A97 45,414 46,045 38066 6128 4&694 46,400 CREDITORS Amounts falling due within one year 13 (21,473) (21,473) {10.693) NET CURRENT ASSETS 17J93 6028 2422J TOTAL ASSETS LESS CURRENT LIABILITIES 17J93 6128 24321 35.707 NET A&srrs 17a93 6028 243Zi 35.707 FUNDS Unr¢5tri¢led fith(ts Restricted futtds 14 17J93 6028 20,079 15,628 TOTAL FUNDS 24221 35.707 The ¢hariiable ¢ompany is eniitled to exemption from audit under Section 477 of the CL¥mpanie5 Act 2006 for the year ended 31 March 2024. The members have not required ihe company to obtain an audit of its ful8181 stat¢m¢nts for th¢ year ended 31 March 2024 in a¢¢ordance wiih Section 476 of the Companies Act 2006. Th¢ tnJst¢¢s acknowledg¢ their r¢sponsibiliti¢s for (a) ensuring that the charitable company ktcps accountin8 records that comply with Section5 386 and 387 of the Componi¢s Act 2006 and preparing finRn¢ial 5tat¢m¢nts which give a true and fair view of the state of affaiTS of the chaTitsble company as at the end of ea¢h financial y¢ar and of lis surplus or d¢fi¢it for ¢a¢h finin¢ial year in aGwidanc¢ witll the requirements of Sertion5 394 and 395 and which otherwise comply with the requirements of the Cornpanies Act 2006 relating to financial statements, so far as applicable to the charitable company. (b) The rto*s fonn parl ofthese financial statements Pag¢ 6 continued...
THE ST MARY'S AIYD sr GILES, CENTRE (REGISTERED NUMBER: 07284461) BALANCE SHEET- contived 31 MARCH 21124 The finan¢ia] $ements hav¢ b¢¢n pr¢par¢d in aGEordAn¢¢ with rh¢ provtsions applicable to charitable companies subje¢t to the small companies regime. The finat)cial slatements were approved by the Board of Tn¢t$ and authorised for issue 1*.1¥..? l L&.ilfr...... and w¢re sIgd on its bchalf by.. on Mr P R Williams IChairl- Trustee Th¢ note5 fom part of these financial statem¢nlS Page 7
THE ST MARY'S AND sr GILES, CEI¥TRE L¥OTES TO THE FINANCIAL STATEMEIYTS FOR THE YEAR £f4DED 31 MARCH 2024 ACCOUNfIiyG POLICIES B515 of prep4riDg tbe fin%nci41 stateents The fuw)cial statements of the charitable company, which is a public benefit entty under FRS 102, have been prepared in accordae with tlw Charities SORP IFRS 102) 'Accoutrtin8 and R¢portin8 by Charities.. Statement of Recommended Practice applicable to charities preparing their auounts in accDrdan¢e with th¢ Financial Re)rtIng Siartdtrd applicable in the UK and Republic of Ireland {FRS 102} (effectiY¢ l January 2019).. Financial Reporting Standard 102 'The Financial RertIng Standard applicable in th¢ UK and Republic of Ireland. and the Companies Aci 2006. Th¢ r]naDcial 5taienients have been prepared under the historical wst convention. Ineome All income 15 recognised in the Ststement of Financial Activities once the charity has entitlement to the fid5, it is probabl¢ that th¢ in¢om¢ will IK T¢¢¢iv¢d and th¢ amount ¢an be m¢asur¢d reliably. Donations arc recognised when the charity has been nolified in writing of both the amounl amd Settlement date. In the event thai a donation is subjeci to cOAItionS that require a level of perforniaThc¢ before the charity is entit]ed to the fvnds, th¢ in¢om¢ is d¢feTr¢d and not rKogni%d until those condiiions are met ExpedItyr¢ Liabilitie5 arc recognised a5 expenditure a5 swn there is a legal or eonsrructive obligation committing th¢ charity to that expenditur¢, it is probable that a ttansfer of e¢onomi¢ benefits will be required in settlement and the arnount of the obligalion can be me85ur¢d reliably. Expenditurc is accounted for on an accruals basis and h b¢en Classified under headings that aggregate all wst relaled to the category. Where costs ¢annot be directty attributtd to particular headings they hav¢ been allocatcd tr> activilie5 on a ba5]5 ton5i5tent with the use of Allocatlon and apportlonment of tosts Certain expenditure is dirtlY attributable to 5pccific activities and has beeD included in those cost categori¢5. Certain other cost$, whi¢h are attributable to mor¢ than on¢ a¢tivity, are apportioned a¢ro$s cost rateBorhes on the basis of an estimatc of the proportion of time Spent by staff on those activitie5 or tirnated u5a8C. Tangible fixed 858ets Individual assets costing less than £500 are inGluded itt the Sthtemenl of Financial Actiiryties in the year that they are incurred. Individua] assets greater than £500 are included in the balance sh¢et at cost and ar¢ d¢pre¢iat¢d ar the following annual rates: Computer Equipment - straight line over 4 yeaTS. Stoeks Stocks are valued at the I0r of c4)st net realisable valu4 after making due Jllowan¢e for obsolet¢ and slow moving it¢ms. TgX4tion The charity is exempt from corporotion tsx on 115 ¢haritsble *tivi¢ies. Fund accotIng Unrestricted fijnds be used in COrdanCe wth the charitable objectives atthe discretion of the trusttes. tksignated funds are reStricted thnds eam)art(ed by the trnstees for 0 particular purpo. Re$tri¢ted fimds Can onty be us¢d for particular restricted purposes within the objects of the ¢harity. Restriction$ arise when specified by the donor or when fund5 are raised for particular r¢stricted purpos¢s. Further explanation of the nature and putpose of each fund 15 rncluded in the notes to the financial statements. Page 8 continu¢d...
THE ST MARY'S AND ST GILES, CENTRE iy(yrES TO THE FINAf4CIAL STATEMENTS- eontinued FOR THE YEAR ENDED 31 MARCH 2024 INVESTMENT INCOME 2024 2023 Deposit account int¢r¢st 277 87 INCOME FROM CHARITABLE A1VITIEs UDrestrieted R¢strirt¢d 31.03.24 31.03.23 Symposiurn & ¢oThf¢rence fees Management Projects Donation5 1,440 1,716 40,150 1.965 3.405 1,827 40,150 2,365 8,417 Tot1 43J06 2,076 45J82 10,782 CHARITABLE ACTIVITIES cosrs Support Costs Ise¢ note 5) Direct Costs Totals Promolion of religion and education within the prinriples of lh¢ Angli¢8n Church 55.76S lJ80 57,145 SUPPORT COSTS Gov¢mance costs Mana8em¢nt Totsls Promotion of religion ond edu¢ion within the principles of the Anglican Church 120 126• lJ80 NET INCOME/{EXPENDITURE) Nel Iome](eXPend1tUrC) i5 Stated aft¢r ¢harginyJ(crediung): 2024 2023 Independent Examination 1260 1.200 Page 9 conlitiued...
THE sr MARY'S AND ST GILES, CENTRE N(wrEs TO THE FINANCIAL STATEMENT6- eontinued FOR THE YEAR ENDED 31 TrL4RCH 2024 TRusfEES' REMUNERATION AND BKf4EFITS There were trustees, temuneration or oth¢r b¢n¢fiis for the year ended 31 March 2024 nor for the year end¢d 31 March 2023. Trustses, eipemseg Ther¢ wer¢ no tThste¢5' expenses paid forth¢ year ended 31 Marth 2024 nor for the year ended 31 March 2023. COMPARATIVES FOR THE STATEMENT OF FINANCIAL AcfivITIES Unrestricted fjjlld Restrirted fi]nd5 Tot fijnds INCOME AND ENDOWMENTS FROM Ch#ritabk activAtI Promotion of religion and education within the principles of the Anglican Church 9,557 1,225 10.782 Investment incom¢ 87 87 Tot81 1,225 10,869 EXPENDITURE ON Charitable activities Promotion of religion and edu¢*ion within the principles of the Anglican Church 62.914 3.000 65,914 NET INCOMEI(EXPENDITURE) Transfer5 between fndS (53.270) 498 (1.775) (498) (55,045) Net movement in fvnds (52,772) (2,273) (55,045) RECONCJLIATION OF FUNDS Total funds brought foTh 72,851 17,901 90,752 TOTAL FUNDS CARIUED FORWARD 20,079 15,628 35,707 P4e 10 Continued...
THE ST MARY'S AND sr GILES. CENTR£ NOTES TO THE FIf4ANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 TAXATION As a charity, Th¢ Si Mory's gnd St Giles, Centre is exempt from tsx on income and gains to th¢ ¢xt¢nt that thes¢ ar¢ applied to its charilable objects. No t8x charges have arisen this year. io. TANGIBLE FIXED ASSETS Computer equipment COST At l April 2023 and 31 March 2024 2,424 DEPRECIATION At l April 2023 and 31 March 2024 2,424 NET BOOK VALUE At 31 March 2024 At 31 March 2023 ij. srocKS 2024 2023 Stocks 269 355 12. DEBTORS: AMOUNTS FALLING DUE WITHIN OI¥E YEAR 21124 2023 Trade deorS 13. CREDITORS: AMOUNTS FALLING DUE WITIIIN ONE YEAR 2024 2023 ArlIS and deferred income 21,473 10,693 Pagell continued...
THE ST MARY'S AND ST GILES, CENTRE NOTES TO THE FINANCIAL sfATEMENfs- eolltinued FOR THE YEAR ENDED31 MARCH 2024 14. MOVEMENf IN FUNDS Net movement in funds Tran5f¢r5 between fidS Ai 31.324 At 1.4.23 Unrestridtd funds G¢h¢ral fvnd 20m9 (9J37} 6,651 17J93 Restritttd fuDds WASACRE AccouD¢ St Maws Centre Symposiurn NEICE Church of Seotland St Pet¢ls Sa]tky ioi 125 {]) (250) IOD 243 2,926 368 2,926 5,9110 6,434 (5900) (500) (2J75) 3559 (2,149) (6ffj51) 6128 TOTAL IfuNDS 35,707 (11,486) 24221 Net movement in funds. included in the above are as follows: Incomin8 resourte5 R¢50ur¢¢s cxpcnded Movement in fund5 Unrestrictsd funds General fimd 43J82 (52,919) (9J37) Restricted WASACRE Account Mary's C¢ntre Symposium St Petds Saltley 112 1,965 (li) (1,840) (2J751 ioi 125 (2 J7S) 2,077 {4J26} (2,149) TOTAL FUNDS 45,659 (57.145) (11,486) Page 12 continued...
THE ST MARY'S AND ST GILES, CEfffliE NOTES TO THE FINANCIAL STATEMEhTS- fontinved FOR THE YLAR Ef4DED 31 MARCH 2024 14. MOVF.MENT IN FUNDS- tontitiued CompAratives for moveme1 ID funds Net movement 2n fiJnd$ Transfers between fijnds At 31J.23 At 1.4.22 Unrestricted fvndy Gcneral fvnd 72,851 (53,270) 498 20,079 RestrActed funds WASACRE A¢count St Mgtys Cenire Symposium NEICE Churrh of Seotlathd St Pete15 Saltley 38 643 2,926 5,900 8,394 (401 225 (500) 36S 2.926 5,900 6,434 (1,960) 17.901 (1,775) 1498) 15.628 TOTAL FUNDS 90,7S2 155,045) 35.707 CompHTativ¢ n¢t movement in fimds, ittcluded in the abov¢ are a5 follows: Incoming resourye5 Resour3 expended Movement in funds Unrestricted fuDds General fvnd 9.644 {62.914) {53.270) Restrltted funds WASACRE Account Si Mary's C¢Dtr¢ Symposium St Peterfs Saltley (40) (1,000) (1,960) 140) 225 (1,9601 1.225 1.225 (3.000) (1.775) TOTAL FUNDS 10,869 (65,914} (55,045) Page 13 ontLllUCd...
THE sr MARYS AND ST GILES, CENTRE NOTES TO THE FINANCIAL STATEMENTS- eontinued FOR THE YEAR ENDED 31 MARCH 2024 14. MOVEME IN FUNIXS- tonlinued A Current year 12 months and prior y¢gr 12 months mb]n¢d position is as follows.. Net movement in fimds TTan5frr5 b¢tw¢¢n fjmds At 31.3.24 At 1.4.22 Unr¢strle¢ed funds General fund 72.851 (62,607) 7,149 17.393 Restritted funds WASACRE Account St Marls Centre Symposium NEI Church of Scotland St PeteI5 Saltley 38 643 2.926 s,0 8,394 61 350 100 243 2,926 (750) (5,900} {500) {4,335) 3,559 17,901 {3,924) 17.149} 6.828 TOTAL FUNDS 90.752 (66,531) 24,221 A fbJT¢nt y¢ar 12 Tnonths and prior year 12 month5 combi1l net moYem¢Dt in fimds. iD¢lud¢d in the above are &s follows.. In¢orning resources Resources expended Movement in fimds Unrestricted General fimd 53,226 (115,833) {62,60D Restritted fwhds WASACRE Account St Marys Cethire SJm]x)sium St P¢t¢T'S Saltley 112 3.190 (51) (1840) (4,335) 61 350 (4.335) 3,302 {7,226) (3.924) TOTAL FUNDS 56,528 {123.059) (66,531) PrpOse of re$¢ri¢¢ed funds WASACRE Ale•ttt- ThÈ Wxle$ As50ri¥tion of Standing Advisory Counci15 for Religious Educatio The purpose of the fimd is to n)aintain the WASACRE'S website. St Mary's Ctntre Symposium The purpos¢ of this nd is to sUprt th¢ annual Si Marfs Centre Symposium. NEICE- The North of Englgnd Instite for Chri5ts2n EdutatiOD The purpos¢ of thi$ fund is to hosi ¢opi¢s of the North of England InsI1te for Christian Education Legacy Web Resourcc5 collection so that are available on open xcess to searches on the World Wid¢ Web. Churcb of Stotl8nd g¢14 ¢ontitJued...
THE STMARY'SANDST GILES, CENfRE IYOTES TO THE FINANCIAL STATETrIEKfs- lontined FOR TEIE YEAR ENDED 31 MARCH 2024 14. MOVEMENT IN FUNDS- continued The purpose of this fvnd is to sup]M)rt projccts spccifically initiat¢d or sp)n$ored by the Church of Scotland in accordance with their mission. This area of activity wncentrates on various aspecis of Chtistian mirttsty. St Ptttr's Sahley The purpose of thEs fuThJ is lo produ¢¢ the Online Journ41'Challenging Religious Issues,. 15. RELATED PARTY DISCLOSURES The only r¢latrd party transaition in the year was a donation of £40.000 rEc¢iva frorn o TrJ¢mb¢r of th¢ maDag¢ment committee. Page 15