| Page | |||||
|---|---|---|---|---|---|
| Reference and Administrative | Details ofthe Charitable | Company, | its Trustees and | ||
| Advisers | |||||
| Trustees' Report |
2-7 | ||||
| Independent Examiner's |
Report | ||||
| Statement of Financial Activities | |||||
| Balance Sheet | 10 | ||||
| Statement ofCash Flows | |||||
| Notes to the Financial Statements | 12-28 |
| REFERENCE AND | REFERENCE AND | ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY, ITSTRUSTEES AND |
ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY, ITSTRUSTEES AND |
ADMINISTRATIVE DETAILS OF THE CHARITABLE COMPANY, ITSTRUSTEES AND |
|---|---|---|---|---|
| ADVISERS | ||||
| FOR THE YEAR ENDED 31 | MARCH 2022 | |||
| Trustees | Rt Revd Mgr K Newton | |||
| Very Revd D Wailer | ||||
| Revd D Lashbrooke | ||||
| Revd J Redvers-Harris | ||||
| Revd C Pearson | ||||
| Revd C Lindlar | ||||
| Revd A Starkie | ||||
| Revd M Halsall | ||||
| Revd SChinery | ||||
| Revd J Bradley | ||||
| Revd S Ellis | ||||
| Revd Paul Simon Burch (appointed | 20 July 2021) | |||
| Company | registered | |||
| number | 07582943 | |||
| Charity registered number |
1141536 | |||
| Registered | office | 24 Golden Square | ||
| London | ||||
| W1F9JR | ||||
| Company | secretary | Mr C Woodman | ||
| Accountants | MHA Maclntyre | Hudson | ||
| Chartered Accountants |
||||
| Statutory Auditors | ||||
| Building 4 | ||||
| Foundation Park |
||||
| Roxborough Way |
||||
| Maidenhead | ||||
| Berkshire | ||||
| SL63UD | ||||
| Bankers | HSBC Bank pic | |||
| 16King Street | ||||
| Covent Garden | ||||
| London | ||||
| WC2E 8JF | ||||
| Investment | Advisors | Rathbones | ||
| 1 Curzon Street | ||||
| London | ||||
| W1J 5FB |
| Unrestricted | Restricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| 2022 | 2022 | 2022 | 2021 | ||||
| Note | f. | ||||||
| Income from: | |||||||
| Donations and |
legacies | 696,622 | 28,435 | 725,057 | 602,231 | ||
| Other trading activities |
67,360 | 67,360 | 28,692 | ||||
| Investments | 51 | 51 | 392 | ||||
| Total income | 764,033 | 28,435 | 792,468 | 631,3'l5 | |||
| Expenditure on: |
|||||||
| Raising funds | 7,969 | 1„500 | 9,469 | 12,563 | |||
| Charitable activities |
459,275 | 23,585 | 482,860 | 509,058 | |||
| Total expenditure | 467,244 | 25,085 | 492,329 | 521,621 | |||
| Net movement | in funds | 296,789 | 3,350 | 300,139 | 'l09,694 | ||
| Reconciliation | offunds: | ||||||
| Total funds brought | forward | 1,261,622 | 104,140 | 1,365,762 | 1,256,068 | ||
| Total funds carried forward | 1,558,411 | 107,490 | 1,665,901 | 1,365,762 |
| BALANCE SHEET | BALANCE SHEET | |||||||
|---|---|---|---|---|---|---|---|---|
| AS AT 31 MARCH 2022 | ||||||||
| 2022 | 2021 | |||||||
| Note | E | |||||||
| Fixed assets | ||||||||
| Tangible assets | 10 | 573,319 | 583,639 | |||||
| 573,319 | 583,639 | |||||||
| Current assets | ||||||||
| Debtors | 285,585 | 5,620 | ||||||
| Cash at bank | and | in | hand | 814,043 | 795,961 | |||
| 1,099,628 | 801,581 | |||||||
| Creditors: amounts | falling due within one | |||||||
| year | 12 | (7,046) | (19,458) | |||||
| Net current | assets | 1,092,582 | 782,123 | |||||
| Total net assets | 1,665,901 | 1,365,762 | ||||||
| Charity funds | ||||||||
| Restricted funds | 107,490 | 104,140 | ||||||
| Unrestricted | funds | 1,558,411 | 1,261,622 | |||||
| Total funds | 1,665,901 | 1,365,762 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| f. | ||||
| Cash flows from operating | activities | |||
| Net cash used in operating |
activities (note 15) | 22,84? | 113,176 | |
| Cash flows from investing | activities | |||
| Purchase oftangible fixed assets |
(4,765) | (15,825) | ||
| Net cash used in investing | activities | (4,765) | (15,825) | |
| Cash flows from financing | activities | |||
| Net cash provided by financing activities |
||||
| Change in cash and cash |
equivalents in |
the year | 18,082 | 97,351 |
| Cash and cash equivalents | at the beginning | ofthe year | 795,96'll | 698,610 |
| Cash and cash equivalents | at the end of | the year (note 16) | 814,043 | 796,961 |
| The notes on pages 12to 28 form part ofthese financial statements |
| Unrestricted | Restricted | Total | ||||
|---|---|---|---|---|---|---|
| funds | funds | funds | ||||
| 2022 | 2022 | 2022 | ||||
| F | ||||||
| Donations | 362,317 | 18,435 | 3&0,?52 | |||
| Legacies | 317,020 | 317,020 | ||||
| Grants | 17,285 | 10,000 | 2?,285 | |||
| 696,622 | 28,435 | 725,057 | ||||
| Unrestricted | Restricted | Total | ||||
| funds | funds | funds | ||||
| 2021 | 2021 | 2021 | ||||
| E | ||||||
| Donations | 391,160 | 15,838 | 406,998 | |||
| Legacies | 136,052 | 136,052 | ||||
| Grants | 51,681 | ?,500 | 59,181 | |||
| 5?8,893 | 23,338 | 602,231 | ||||
| 4. | Income from trading | activities | ||||
| income from fundraising | events | |||||
| Unrestricted | Total | Total | ||||
| funds | funds | funds | ||||
| 2022 | 2022 | 2021 | ||||
| E | F | |||||
| Fundraising | 67,360 | 67,360 | 28,692 |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2022 | 2022 | 2021 | ||
| F | F | E | ||
| Bank interest receivable | 11 | 11 | 7 | |
| Investment | income | 40 | 40 | 385 |
| 51 | 51 | 392 |
| Unrestricted | Restricted | Total | ||||
|---|---|---|---|---|---|---|
| funds | funds | funds | ||||
| 2022 | 2022 | 2022 | ||||
| F | F | |||||
| Expenditure | on raising | voluntary | income | 2,368 | 1,500 | 3,868 |
| Wages and | salaries | 5,601 | 5,601 | |||
| 7,969 | 1,500 | 9,469 |
| Unrestricted | Total | ||||
|---|---|---|---|---|---|
| funds | funds | ||||
| 2021 | 2021 | ||||
| E | |||||
| Expenditure | on raising | voluntary | income | 6,995 | 6,995 |
| Wages and | salaries | 5,568 | 5,568 | ||
| 12,563 | 12,563 |
| Total | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2022 | 2021 | ||
| Depreciation | 15,085 | 14,131 | |
| Formation | 16,848 | 7,867 | |
| Allowances | 192,8?9 | 232,052 | |
| Travel and | subsistence | 29,9?8 | 13,756 |
| Portal magazine | 8,110 | 6,031 | |
| Worship | 5,293 | 24,569 | |
| Living and | premises expenses | 94,813 | 71,470 |
| Third party | donations | 23,010 | 58,527 |
| Personnel | costs | ?,1?3 | 7,'/73 |
| Fundraising | and shop expenditure | 23,9?8 | |
| 41?,16? | 435,576 |
| Total | Total | ||
|---|---|---|---|
| funds | funds | ||
| 2022 | 2021 | ||
| E | E | ||
| Staff costs | 25,004 | 30,231 | |
| Office and communication | 18,661 | 17,024 | |
| Legal and sundry | 3,649 | 7,144 | |
| Bank charges | and interest | 5,680 | 4,660 |
| Governance | costs | 12,699 | 14,423 |
| 65,693 | 73,482 |
| Net Income/{Expenditu | re | ) | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Operating lease rentals |
23,731 | 9,600 | ||
| Depreciation oftangible |
fixed assets: | |||
| Owned by the charity |
15,085 | 14,131 | ||
| Auditor's remuneration |
- | audit | 10,050 | |
| Independent examination |
8 non-audit | 7,720 | 2,400 |
| Staff c | osts | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Wages | and salaries | 30,282 | 35,4?8 |
| Pension | costs | 323 | 321 |
| 30,605 | 35,?99 |
| 2022 | 2021 |
|---|---|
| No. | No. |
| Freehold | Office | ||
|---|---|---|---|
| property | equipment | Total | |
| P | |||
| Cost or valuation | |||
| At 1 April 2021 | 649,252 | 32,768 | 682,020 |
| Additions | 4,765 | 4,765 | |
| At 31 March 2022 | 649,252 | 37,533 | 686,785 |
| Depreciation | |||
| At 1 April 2021 | 67,046 | 31,335 | 98,381 |
| Charge for the year | 12,986 | 2,099 | 15,085 |
| At 31 March 2022 | 80,032 | 33,434 | 113,466 |
| Net book value | |||
| At 31 March 2022 | 569,220 | 4,099 | 573,319 |
| At 31March 2021 | 582,206 | 1,433 | 583,639 |
| 2022 | 2021 | ||
|---|---|---|---|
| Due within one year | |||
| Other debtors | 1,242 | 3,273 | |
| Prepayments | and deposits | 3,643 | 2,347 |
| Legacies receivable | 280,700 | ||
| 285,585 | 5,620 |
| 2022 | 2021 | ||
|---|---|---|---|
| Other taxation and social security | ??6 | 768 | |
| Accruals and deferred | income | 6,2?0 | 18,690 |
| ?,046 | 19,458 |
| Balance at | ||||||
|---|---|---|---|---|---|---|
| Balance at 1 | Transfers | 31 March | ||||
| April 2021 | Income | Expenditure | in/out | 2022 | ||
| F | E | F | ||||
| Unrestricted funds |
||||||
| Designated funds |
||||||
| Fixed asset fund | 583,639 | (15,085) | 4,765 | 573,319 | ||
| Ordinary's mission |
fund | 50,000 | 50,000 | |||
| Formation fund |
30,000 | 30,000 | ||||
| 663,639 | (15,085) | 4,765 | 653,319 | |||
| General funds | ||||||
| General Funds | 597,983 | 764,033 | (452,159) | (4,765) | 905,092 | |
| Total Unrestricted | funds | 1,261,622 | 764,033 | (467,244) | 1,558,411 | |
| Restricted funds | ||||||
| Music fund | 4,000 | 6,010 | (3,780) | 6,230 | ||
| Family fund | 25,193 | 3,812 | (4,495) | 24,510 | ||
| Formation fund |
74,947 | 18,613 | (16,810) | 76,750 | ||
| 104,140 | 28,435 | (25,085) | 107,490 | |||
| Total offunds | 1,365,762 | 792,468 | (492,329) | 1,665,901 |
| Statement offund | s - prior y | ear | ||||
|---|---|---|---|---|---|---|
| Baiance at | ||||||
| Balance at | Transfers | 31March | ||||
| 1April 2020 | Income | Expenditure | inlout | 2021 | ||
| E | E | |||||
| Unrestricted funds |
||||||
| Designated funds |
||||||
| Fixed asset fund | 58'/, 944 | (14,131) | 15,826 | 583,639 | ||
| Ordinary's mission |
fund | 50,000 | 50,000 | |||
| Formation fund |
30,000 | 30,000 | ||||
| 581,944 | (14,131) | 95,826 | 663,639 | |||
| General funds | ||||||
| General Funds | 580,589 | 607,977 | (494,757) | (95,826) | 597,983 | |
| Total Unrestricted | funds | 1,162,533 | 607,977 | (508,888) | 1,261,622 | |
| Restricted funds | ||||||
| Music fund | 4,000 | 4,000 | ||||
| Family fund | 19,9'/5 | 8,778 | (3,500) | 25,193 | ||
| Formation fund |
69,620 | 14,560 | (9,233) | 74,947 | ||
| 93,535 | 23,338 | (12,733) | 104,140 | |||
| Total offunds | 'l,256,068 | 631,3'/5 | (52'l,621) | 1,365,762 |
| Analysis of ne | t asse | ts between | funds - current year | |||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||
| funds | funds | funds | ||||
| 2022 | 2022 | 2022 | ||||
| F | E | |||||
| Tangible fixed | assets | 573,319 | 573,319 | |||
| Current assets | 992,138 | 107,490 | 1,099,628 | |||
| Creditors due within one year | (7,046) | (7,046) | ||||
| Total | 1,558,411 | 107,490 | 1,665,901 | |||
| Analysis of net assets between | funds - prior year | |||||
| Unrestricted | Restricted | Total | ||||
| funds | funds | funds | ||||
| 2021 | 202'l | 2021 | ||||
| E | E | |||||
| Tangible fixed | assets | 583,639 | 583,639 | |||
| Current assets | 697,441 | 104,140 | 801,581 | |||
| Creditors due | within one year | (19,458) | (19,458) | |||
| Total | 1,261,622 | 104,140 | 1,365,762 | |||
| 15. | Reconciliation | of net movement | in funds to net cash flow from operating | activities | ||
| 2022f | 2021 | |||||
| Net income for the year (as per Statement of Financial Activities) |
300,139 | 109,694 | ||||
| Adjustments | for: | |||||
| Depreciation charges |
15,085 | '/4, 130 | ||||
| Decrease/(increase) | in debtors | (279,966) | 497 | |||
| Decrease in creditors |
(12,411) | (11,145) | ||||
| Net cash provided | by operating | activities | 22,847 | 113,176 |