| Page | ||
|---|---|---|
| Charity information | ||
| Trustees' report |
2-11 | |
| Independent auditor's |
report | 12-14 |
| Statement offinancial | activities | 15 |
| Balance sheet | 16 | |
| Statement ofcash flows | 17 | |
| Notes to the financial | statements | 18-27 |
| Charity registration | Charity registration | number | 1156305 | |
|---|---|---|---|---|
| Registered | address | 6 StMartin's Place |
||
| London WC2N 4HJ | ||||
| Trustees | Jonathan Burdett |
|||
| Mark Devlin | ||||
| Victoria Fox | ||||
| Debbie Giwa | ||||
| Victoria Hill | ||||
| Helen Simpson | ||||
| Christopher Smith |
(resigned 21"October 2021) | |||
| Frances Stratton | ||||
| Revd Dr Sam Wells | ||||
| Caroline Wiertz | ||||
| Julian Worricker | ||||
| Director | Tim Bissett | |||
| Bankers | Coutts &Co | |||
| 440 Strand | ||||
| London WC2R OQS | ||||
| Independent | auditor | Mazars LLP | ||
| 6 Sutton Plaza | ||||
| Sutton Court Road | ||||
| Sutton | ||||
| Suey SM1 4FS |
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| Notes | funds | funds | 2022 | 2021 |
| Income from: | ||||
| Donations and legacies |
4,646,168 | 286,125 | 4,932,293 | 5,484,341 |
| Charitable activities |
275,960 | 275,960 | 773,960 | |
| Investments | ||||
| Bank interest received | 617 | 617 | 1,392 | |
| Total Income | 4,646,785 | 562,085 | 5,208,870 | 6,259,693 |
| Expenditure on: |
||||
| Raising Funds | 607,698 | 607,698 | 504,628 | |
| Charitable activities |
3,938,105 | 449,003 | 4,387,108 | 4,404,159 |
| Total Expenditure | 4,545,803 | 449,003 | 4,994,806 | 4,908,787 |
| Net movement in funds for the year |
100,982 | 113,082 | 214,064 | 1,350,906 |
| Reconciliation ofFunds |
||||
| Total funds brought forward |
4,471,021 | 309,043 | 4,780,064 | 3,429,158 |
| Total funds carried forward | 4,572,003 | 422,125 | 4,994,128 | 4,780,064 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | ||||||||
| Fixed assets | ||||||||
| Intangible assets |
||||||||
| Current assets |
||||||||
| Debtors | 9 | 766,254 | 1,063.739 | |||||
| Cash at bank | and in | hand | 5,062, I2l | 4,530,021 | ||||
| 5,828,375 | 5,593.760 | |||||||
| Creditors: Amounts vvithin one year |
falling due | 10 | (834,247) | (813.696) | ||||
| Net current | assets | 4,994,128 | 4,780,064 | |||||
| Net assets | 4,994,128 | 4,780,064 | ||||||
| Represented | by: | |||||||
| Unrestricted | funds | 11 | 4,572,003 | 4,471,021 | ||||
| Restricted funds |
12 | 422,125 | 309,043 | |||||
| 4,994,]28 | 4,780.064 |
| 2022 | 2021 | ||
|---|---|---|---|
| Cash flows from operating | activities | ||
| Net income for the financial | year | 214,064 | 1,350,906 |
| Adjustments for: |
|||
| Interest received | (617) | (1,392) | |
| Decrease/(Increase) in trade |
and other debtors | 297,485 | (390,814) |
| Increase/(Decrease) in trade |
and other creditors | 20,551 | (213,198) |
| Cash inflow from operations | 531,483 | 745,502 | |
| Cash flows from investing | activities | ||
| Interest received | 617 | 1,392 | |
| Net cash inflow from investing activities |
617 | 1,392 | |
| Net increase in cash and cash equivalents | 532,100 | 746,894 | |
| Cash and cash equivalents at start ofyear |
4,530,021 | 3,783,127 | |
| Cash and cash equivalents | at the end ofthe year | 5,062,121 | 4,530,021 |
| Net income | ||
|---|---|---|
| 2022 | 2021 | |
| The net income for year is stated after | ||
| charging: | ||
| Audit Fee | 7,580 | 6,816 |
| StaffPension Costs | 31,666 | 29,540 |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | 2022 | 2021 | |||
| Christmas | Appeal | donations | 4,040,527 | 286,125 | 4,326,652 | 4,808,689 |
| Legacies | 605,641 | 605,641 | 675,652 | |||
| 4,646,168 | 286,125 | 4,932,293 | 5,484,341 |
| Income | from Charitable Activities |
||
|---|---|---|---|
| Restricted | Restricted | ||
| Total | Total | ||
| 2022 | 2021 | ||
| &ants | received | 275,960 | 773,960 |
| 275,960 | 773,960 |
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| Total | Total | ||
| 2022 | 2021 | ||
| Staffcosts | 163,525 | 155,576 | |
| Advertising, | stationery, | ||
| postage and | bank charges | 444,173 | 349,052 |
| 607,698 | 504,628 |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | 2022 | 2021 | ||
| Grants made to: | |||||
| The Connection | at StMartin-in-the-Fields | 800,000 | 800,000 | 900,000 | |
| Vicar's Relief Fund | 2,431,815 | 373,043 | 2,804,858 | 2,904,395 | |
| 3,231,815 | 373,043 | 3,604,858 | 3,804,395 | ||
| Support costs | 706,290 | 75,960 | 782,250 | 599,764 | |
| 3,938,105 | 449,003 | 4,387,108 | 4,404,159 |
| The staff costs are analysed as follows: |
||
|---|---|---|
| Total | Total | |
| 2022 | 2021 | |
| Wages and salaries | 643,684 | 535,270 |
| Social security costs | 57,283 | 44,262 |
| Pension costs | 31,666 | 29,540 |
| 732,633 | 609,072 | |
| 2022 | 2021 | |
| Number | Number | |
| f70,001 —f80,000 | ||
| f80,001 —f90,000 |
| Computer | Total | |
|---|---|---|
| Software | Assets | |
| Cost | ||
| At 1 ApI11 2021 | 67,119 | 67,119 |
| Additions | ||
| At 31March 2022 | 67,119 | 67,119 |
| Depreciation | ||
| At 1 April 2021 | 67,119 | 67,119 |
| Charge for the year | ||
| At 31March 2022 | 67,119 | 67,119 |
| Net BookValue | ||
| At 31March 2022 | ||
| At 31March 2021 |
| 9 | Debtors | |||||
|---|---|---|---|---|---|---|
| Total | Total | |||||
| 2022 | 2021 | |||||
| Accrued gift | aid income | 228,495 | 13,082 | |||
| Due from St | Martin-in-the-Fields | Limited | 2,910 | 540 | ||
| Other debtors | 534,849 | 1,050,117 | ||||
| 766,254 | 1,063,739 | |||||
| 10 | Creditors | |||||
| Total | Total | |||||
| 2022 | 2021 | |||||
| Accruals and | deferred income | 34,247 | 13,696 | |||
| Grant to The | Connection | 800,000 | 800,000 | |||
| 834,247 | 813,696 | |||||
| 11 | Unrestricted | funds | ||||
| General | Designated | |||||
| fund | fund | Total | ||||
| Balance at 1 | April 2021 | 346,071 | 4,124,950 | 4,471,021 | ||
| Net income | 10,000 | 90,982 | 100,982 | |||
| Fund balance | at 31March 2022 | 356,071 | 4,215,932 | 4,572,003 |
| Restricted funds | |||||
|---|---|---|---|---|---|
| Balance | Balance | ||||
| B/Fwd | Income | Expenditure | Transfers | C/Fwd | |
| The Oak Foundation | 136,000 | 275,960 | (275,960) | 136,000 | |
| Vicar's Relief Fund | 173,043 | 286,125 | (173,043) | 286,125 | |
| 309,043 | 562,085 | (449,003) | 422,125 |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | 2022 | 2021 | ||
| Cash | at bank and in hand | 4,639,996 | 422,125 | 5,062,121 | 4,530,021 |
| Other | net current (liabilities)/assets | (67,993) | (67,993) | 250,043 | |
| 4,572,003 | 422,125 | 4,994,128 | 4,780,064 |
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| funds | funds | 2021 | |
| Income from: | |||
| Donations and legacies |
4,811,298 | 673,043 | 5,484,341 |
| Charitable activities |
773,960 | 773,960 | |
| Investments | |||
| Bank interest received | 1,392 | 1,392 | |
| Total Income | 4,812,690 | 1,447,003 | 6,259,693 |
| Expenditure on: |
|||
| Raising Funds | 504,628 | 504,628 | |
| Charitable activities |
2,948,884 | 1,455,275 | 4,404,159 |
| Total Expenditure | 3,453,512 | 1,455,275 | 4,908,787 |
| Net movement in funds for the year |
1,359,178 | (8,272) | 1,350,906 |
| Reconciliation ofFunds |
|||
| Total funds brought forward |
3,111,843 | 317,315 | 3,429,158 |
| Total funds carried forward | 4,471,021 | 309,043 | 4,780,064 |