| Page | |||
|---|---|---|---|
| Reference and Administrative Details |
I | to | 2 |
| Report ofthe Trustees | 3 | to | 11 |
| Report ofthe Independent Auditors |
12 | to | 14 |
| Statement ofFinancial Activities | |||
| Balance Sheet | 16 | ||
| Notes Iothe Financial Statements | 17 | to | 29 |
| Detailed Statement of Financial Activities |
30 | to | 31 |
| and Secre | tary to the | Board | ||||||
|---|---|---|---|---|---|---|---|---|
| Treasurer | Canon 5Adshead | |||||||
| Exofficio | Rt Revd M Snow (Bishop | of | Leicester) | |||||
| Ven R Worsfold (Archdeacon of Leicester) |
||||||||
| Ven C Wood (Archdeacon | of Loughborough) | |||||||
| Elected by Diocesan | Synod | Mr RAndrews | Revd P Watson | |||||
| Mrs C Bampton | Mrs M Green | |||||||
| Mr D Jones | Revd D Cowie | |||||||
| Revd JHargreaves | Revd Canon | E Davies | ||||||
| Revd A Hall | Dr CSpencer | |||||||
| Revd E Wilson | Revd Canon | P O'Reilly | ||||||
| Mrs EWayne-Hawker | ||||||||
| Miss A Reddecliffe | (resigned 21 Feb 2022) |
|||||||
| Revd JTaylor (appointed | 21 Feb 2022, resigned | 2 | ||||||
| Nov 2022) | ||||||||
| Co-opted | by the Board | Mr N J Bardsley | ||||||
| Mrs ALeadbetter | ||||||||
| Mrs S ERoddy (resigned | 13 | Sep 2021 | ||||||
| Mrs J Stilwell (appointed | 21 | Feb 2022) | ||||||
| Mrs E Prokipczuc (resigned |
21 Sep 2021) | |||||||
| Mrs SBatstone (appointed | 21 Feb 2022) | |||||||
| Bishop's nominees | Canon SAdshead | |||||||
| MrJ Kerry (resigned | 21 Feb | 2022) | ||||||
| Ms M Wang (appointed | 21 | Feb 2022) | ||||||
| Registered | olffce | St Martins House | ||||||
| 7Peacock Lane | ||||||||
| Leicester | ||||||||
| Leicestershire | ||||||||
| LEI 5PZ | ||||||||
| Registered | company | number | 08432843 (England | and Wales) | ||||
| Registered | charily number | 1151692 | ||||||
| Auditors | Fortus Audit LLP |
|||||||
| Chartered Accountants |
B,Statutory Auditor |
|||||||
| 31 High View Close | ||||||||
| Hamilton Office Park |
||||||||
| Leicester | ||||||||
| Leicestershire | ||||||||
| LE4 9LJ |
| 2022 | 2021 | ||
|---|---|---|---|
| E | |||
| St Nicholas House Education | Foundation | 60 | 60 |
| Hugglescote RE Fund Walcote RE Fund Hoby School Fund Cossington Day School Charity |
15,378 25,570 10,000 |
15,332 26,015 10,000 |
|
| Syston Junior RE Fund Syston Infant RE Fund Stony Stanton Junior School RE Fund Syston Junior RE Fund (Shares) |
2,881 23,975 2,917 7,445 |
2,665 23,904 2,908 7,796 |
|
| 88,226 | 88,680 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Total | Total | ||||
| fund | fund | funds | funds | ||||
| Notes | E | E | F. | ||||
| INCOME AND ENDOWMENTS | FROM | ||||||
| Donations and legacies | 180,509 | 180,509 | 156,058 | ||||
| Charitable activities |
|||||||
| Admission appeal costs Other income |
7,375 (3,317) |
51,913 | 7,375 48,596 |
4,575 18,119 |
|||
| Partnership agreement |
&courses | 54.629 | 54,629 | 37,928 | |||
| Other trading activities Investment income |
25,775 | 23,596 61,397 |
23,596 87,172 |
27,579 64,205 |
|||
| Total | 264,971 | 136,906 | 401,877 | 308,464 | |||
| EXPENDITURE ON | |||||||
| Raising funds | 5 | 14,845 | 7,569 | 22,414 | 18,881 | ||
| Charitable activlfies |
|||||||
| Advice to and work with Governance costs |
schools | 62,957 13,535 |
62,957 13,535 |
44,682 19,199 |
|||
| Support costs | 60,773 | 189,945 | 250,718 | 271,640 | |||
| Total | 152,110 | 197,514 | 349,624 | 354,402 | |||
| NET INCOME/(EXPENDITURE) | 112,861 | (60,608) | 52,253 | (45,938) | |||
| Transfers between funds |
(112,519) | 112,519 | |||||
| Other recognised gains/(losses) Gains/(losses) on revaluation offixed assets |
~19,286) | ~124,084) | ~143,370) | 343.473 | |||
| Net movement in funds |
(18,944) | (72,173) | (91,117) | 297,535 | |||
| RECONCILIATION OF FUNDS |
|||||||
| Total funds brought forward |
424,550 | 3,554,940 | 3,979,490 | 3,681,955 | |||
| TOTAL FUNDS CARRIED FORWARD | 405,606 | 3,482.767 | 3,888,373 | 3,979,490 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Notes | 8 | 8 | ||
| FIXEDASSHS | ||||
| Tangible assets | 10 | 5.737 | I5,999 | |
| Inveslmenls | ||||
| Investments | il | 3.012.950 | 2.618.137 | |
| Investment property |
12 | 835.750 | 800,000 | |
| 3,854,437 | 3,434,136 | |||
| CURRENT ASSETS | ||||
| Debtors | 13 | 67,872 | 44,012 | |
| Cash at bank | 798,433 | 1.143,200 | ||
| 866,305 | 1.187,212 | |||
| CREDITORS | ||||
| Amounts falling due within one year |
14 | (832,369) | (641,858( | |
| NET CURRENT | ASSHS | 33,936 | ~545 354 | |
| TOTAL ASSHS LESSCURRENT UAEILITIES | 3,888,373 | 3,979.490 | ||
| NH ASSETS | 3.888.373 | 3,979.490 | ||
| FUNDS | 16 | |||
| Unrestricted | funds | 405,606 | 424,550 | |
| Endowment | funds | 3.482,767 | 3,554,940 | |
| TOTAL FUNDS | 3,888,373 | 3.979,490 |
| 3. | OTHER TRADING | ACTIVIIIES | ACTIVIIIES | ||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| 5 | |||||
| Rents received | 23,596 | 27,579 | |||
| 4. | INVESTMENT INCOME | ||||
| 2022 | 2021 | ||||
| E | |||||
| Investment income |
85,650 | 63.091 | |||
| Deposit account | interest | 1,522 | 1,114 | ||
| 87,172 | 64,205 | ||||
| 5. | RAISING FUNDS | ||||
| Raising donations | and legacies | ||||
| 2022 | 2021 | ||||
| E | |||||
| Raising funds | 22,414 | 18,881 | |||
| 6. | NET INCOME/(EXPENDITURE) | ||||
| Net income/(expenditure) | isstated after charging/(crediting): | ||||
| 2022 | 2021 | ||||
| E | |||||
| Auditors' remuneration Depreciation -owned assets |
8,660 2,793 |
11,839 2,649 |
| STAFF COSTS | ||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| K | ||||
| Wages and salaries Social security costs Other pension costs |
156,148 18,202 29,240 |
149,476 7,165 27,943 |
||
| 203,590 | 184,584 | |||
| The average monthly |
number ofemployees | during the year was as follows: | ||
| 2022 | 2021 | |||
| Administration and support |
3 | 3 |
| Unrestricted | EndowmentTotal | ||||
|---|---|---|---|---|---|
| fund | fund | funds | |||
| INCOME AND ENDOWMENTS | FROM | ||||
| Donations and legacies | 156,058 | 156,058 | |||
| Charitable acgvitles |
|||||
| Admission appeal costs Other income |
4,575 18,119 |
4,575 18,119 |
|||
| Partnership agreement |
B,courses | 37,928 | 37,928 | ||
| Other trading activities |
27,579 | 27,579 | |||
| Investment income |
28,541 | 35,664 | 64,205 | ||
| Total | 245,221 | 63,243 | 308,464 | ||
| EXPENDITURE ON | |||||
| Raising funds | 18,881 | 18,881 | |||
| CharRable activities |
|||||
| Advice to and work with Governance costs |
schools | 44,682 4,800 |
14.399 | 44,682 19,199 |
|
| Support costs | 126,205 | 145,435 | 271,640 | ||
| Total | 175,687 | 178,715 | 354402 | ||
| NET INCOME/(EXPENDITURE) Transfers between funds |
69,534 (115,650) |
(115,472) 115,650 |
(45,938) | ||
| Other recognised gains/(losses) |
|||||
| Gains on revaluation of fixed |
assets | 43,469 | 300,004 | 343,473 | |
| Net movement in funds |
(2,647) | 300,182 | 297,535 |
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL |
ACTIVITIES - continued | |||
|---|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Total | |||||
| fund | fund | funds | |||||
| E | F. | ||||||
| RECONCILIATION OF FUNDS |
|||||||
| Total funds brought | forward | 427,197 | 3,254,758 | 3,681,955 | |||
| TOTAL FUNDS CARRIED | FORWARD | 424,550 | 3,554,940 | 3,979,490 | |||
| TANGIBLE FIXEDASSETS | |||||||
| Fixtures | |||||||
| and | Computer | ||||||
| fittings | equipment | Totals | |||||
| 8 | E | ||||||
| COST | |||||||
| At I September 2021 Disposals |
13,735 | 9,529 ~7,469) |
23,264 ~7,469) |
||||
| At 31 August 2022 | 13,735 | 2,060 | 15,795 | ||||
| DEPRECIA'TION | |||||||
| At I September 2021 Charge foryear |
6,578 2,106 |
687 687 |
7,265 2.793 |
||||
| At 31 August 2022 | 8,684 | 1,374 | 10,058 | ||||
| NET BOOK VALUE | |||||||
| At 31 August 2022 | 5,051 | 686 | 5,737 | ||||
| At 31 August 2021 | 7,157 | 8,842 | 15,999 | ||||
| FIXED ASSET INVESTMENTS | |||||||
| Investment | Unlisted | ||||||
| properties | Investments | Total | |||||
| E | E | E | |||||
| Cost or valuaRon | |||||||
| At I September 2021 Additions at cost |
800,000 | 2,618,137 723,933 |
3,418,1374 723,933 |
||||
| Disposals Revaluation adjustment |
)150,000) (150,000) 35750~179020I~193370 |
||||||
| At 31 August 2022 | 835,750 | 3.012,950 | 3,848,700 | ||||
| 2022 | 2021 | ||||||
| Historical cost )unlisted | investments | onlyl | 1.770.933 | 1.197,000 |
| managed b |
y CCLA | Investment Managem |
ent Limited 8,Savills I |
nvestment Management |
|||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| CBFInvestment Fund |
2,497,304 | 2,182,901 | |||||
| Savills Property Fund |
515,646 | 435,236 | |||||
| 3012950 | 2618,137 | ||||||
| 12. | INVESTMENT | PROPERTY | |||||
| FAIR VALUE | |||||||
| At I September 2021 |
800,000 | ||||||
| Revaluation | 35,750 | ||||||
| At 31 August | 2022 | 835,750 | |||||
| NET BOOK VALUE | |||||||
| At 31 August | 2022 | 835,750 | |||||
| At 31 August | 2021 | 800,000 | |||||
| Fair value at | 31 August 2022 is represented | by: | |||||
| Valuation in |
2021 | 800,000 | |||||
| Revaluation | in 2022 | 35,750 | |||||
| 835,750 | |||||||
| 13. | DEBTORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||||
| 2022 | 2021 | ||||||
| E | |||||||
| Amounts due |
from related parties | 4,314 | |||||
| Other debtors | 53,147 | 20,583 | |||||
| Prepayments | and accrued income | 14,725 | 19,115 | ||||
| 67,872 | 44,012 |
| 14. | CREDITORS: AM | OUNTS FALLING D |
UE WITHIN ONE YEAR | |||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Trade creditors | 90,104 | 20,155 | ||||
| Social security and other taxes | 9,798 | 6,390 | ||||
| VAT | 3.016 | |||||
| Other creditors | 639,691 | 516,001 | ||||
| DFC funds | 80,019 | 79,238 | ||||
| Accruals and deferred income | 9,741 | 20,074 | ||||
| 832,369 | 641,858 | |||||
| 15. | ANALYSIS OF NET ASSETS BETWEEN | FUNDS | ||||
| 2022 | 2021 | |||||
| Unrestricted | Endowment | Total | Total | |||
| fund | fund | funds | funds | |||
| E | ||||||
| Fixed assets | 5,737 | 5,737 | 15,999 | |||
| Investments | 365,934 | 3,482,766 | 3,848,700 | 3.418,137 | ||
| Current assets Current liabilities |
866,305 ~332,369 |
866,305 ~832,369) |
1,187,212 ~641,858) |
|||
| 405,607 | 3,482,766 | 3.888,373 | 3,979,490 | |||
| 16. | MOVEMENT IN FUNDS |
|||||
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1.9.21 | in funds | funds | 31.8.22 | |||
| E | F. | |||||
| Unrestricted funds |
||||||
| General fund |
424,550 | 93,576 | (112,519) | 405.607 | ||
| Endowment funds |
||||||
| 5554Income Fund | (I35,852) | 135,850 | ||||
| S554Capital Fund |
3,130,558 | (70,628) | 3,059,930 | |||
| Baxter Hall Fund | 305,000 | 23,331 | (23.331) | 305,000 | ||
| Other Foundations | 119,382 | (1,544) | 117,838 | |||
| TOTAL FUNDS | 3,979,490 | (91,117) | 3,888,373 | |||
| Net movement | in funds, included | in the above are as follows: | ||||
| Incoming | Resources | Gains and | Movement | |||
| resources | expended | losses | in funds | |||
| F. | E | |||||
| Unrestricted funds |
||||||
| General fund |
264,971 | (152,110) | (19,286) | 93,576 | ||
| Endowment funds |
||||||
| 55541ncome Fund | 61,398 | (197,250) | (135,852) | |||
| S554Capital Fund | 51,913 | (I22,540) | (70,628) | |||
| Baxter Hall Fund | 23,596 | (265) | 23,331 | |||
| Other Foundations | (1,544) | (1,544) | ||||
| TOTAL FUNDS | 401,877 | (349,624) | ~143,370) | ~91,117) |
| Net | Transfers | ||||
|---|---|---|---|---|---|
| movement | between | At | |||
| At 1.9.20 | in funds | funds | 31.8.21 | ||
| K | S | ||||
| Unrestricted | funds | ||||
| General fund |
427,197 | 113,003 | (115,650) | 424,550 | |
| Endowment | funds | ||||
| S554income | Fund | (131,957) | 131,957 | ||
| S554Capital | Fund | 2,838.269 | 292,289 | 3,130,558 | |
| Baxter Hall Fund Other Foundations |
305,000 111,488 |
16,307 7,894 |
( I6,307) | 305,000 119,382 |
|
| TOTAL FUNDS | 3,681,955 | 297,535 | 115,650 | ~3979490 |
| Comparative | net movement in f |
unds, included in the abov |
e are as follows: | ||
|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | ||
| resources | expended | losses | in funds | ||
| E | E | E | |||
| Unrestricted | funds | ||||
| General fund |
245,221 | (I75,687) | 43,469 | 113,003 | |
| Endowment | funds | ||||
| S554Income | Fund | 35,485 | (167,442) | (131,957) | |
| S554Capital | Fund | 292,289 | 292,289 | ||
| Baxter Hall Fund | 27,579 | (11,272) | 16,307 | ||
| Other Foundations | 179 | 7,715 | 7,894 | ||
| TOTAL FUNDS | 308,464 | L354,440022) | 343,473 | 297,535 |
| Other Foundations | Total2022 | Total 2021 |
|---|---|---|
| E | ||
| Gilmorton, Edward Chandler | 3,323 | 3,995 |
| Leicester, G A Robinson | 12,214 | 12,292 |
| Stoke Golding | 397 | 397 |
| Rev Towers Earl Shilton | 41,732 | 42,238 |
| Hathern, Old School House |
60,641 | 60,460 |
| 118.809 | 119.382 |
| 2022 | 2021 | ||
|---|---|---|---|
| INCOME AND ENDOWMENTS | |||
| Donations and legacies | |||
| Giffs | |||
| Donations | 6 | ||
| Grant from Leicester DBF | 180,503 | 156.059 | |
| 180,509 | 156,058 | ||
| Other trading acNvlties |
|||
| Rents received | 23.596 | 27,579 | |
| Investment income |
|||
| Investment income |
85,650 | 63,091 | |
| Deposit account interest | 1,522 | 1,114 | |
| 87,172 | 64,205 | ||
| Charitable actlviNes |
|||
| Admission appeal costs |
7,375 | 4,575 | |
| Other income Partnership agreement |
8course | 48,596 54,629 |
18,119 37,928 |
| 110,600 | 60,622 | ||
| Total incoming resources |
401.877 | 308,464 | |
| EXPENDITURE | |||
| Other trading activities |
|||
| Other trading activities |
21,380 | 18,881 | |
| Charitable acNvitles |
|||
| Advice to schools | 62,957 | 44,682 | |
| Support costs | |||
| Management | |||
| Wages | 156,148 | 149,476 | |
| Social security | 18,202 | 7,165 | |
| Pensions | 29,240 | 27,943 | |
| Office costs | 44,335 | 84,407 | |
| Fixtures and fittings | 2,106 | 1.962 | |
| Computer equipment |
687 | 687 | |
| 250,718 | 271,640 | ||
| Governance costs |
|||
| Auditors' remuneration |
8,660 | 11,839 | |
| Lega Iand professiona | Ifees | 4875 | 7,360 |
| 13,535 | 19,199 |
| 2022 | 2021 |
|---|---|
| R | E |
| 349,624 | 354,402 |
| 52,253 | ~45,938) |