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|||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||||||
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##
|||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|
##
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##
|||||||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|
##
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|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|
##
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##
##
##
||||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|
##
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##
||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|
##
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##
##
|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|
##
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##
|||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)|