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2020-12-31-accounts
|
|
Unrestricted |
Unrestricted |
Restricted |
Total |
Total |
| Note |
|
|
funds |
funds |
2020 |
2019 |
|
|
EEE |
|
|
f |
t |
| INCOMINGRESOURCES |
2 |
|
|
|
|
|
| Voluntary lncome |
|
|
|
|
|
|
| Diocesancontributions |
|
|
18,003 |
0 |
18,00321,,955 |
|
| Generatedlncome |
|
|
|
|
|
|
| Magazine andWebsitelncome |
|
68,L54 |
|
0 |
68,154 |
66,531 |
| AGM/Conferencelncome |
|
|
0 |
0 |
0 |
0 |
| Sundrysales |
|
1,195 |
|
0 |
1,195 |
2,L64 |
|
|
|
69,349 |
|
69,34968,795 |
|
| Other income |
|
|
L74 |
0 |
114 |
5 |
| Donationsreceived |
|
|
L,228 |
0 |
t,228 |
169 |
| lnvestment lncome |
|
|
4,672 |
0 |
4,672 |
5,503 |
| Totallncome |
|
|
93,426 |
0 |
93,426 |
96,527 |
| Add:Saleofshares |
|
|
26,442 |
0 |
26,402 |
30,000 |
| TOTALINCOMINGRESOURCES |
|
|
1L9,828 |
0 |
119,828L26,527 |
|
| RESOURCESEXPENDED |
2 |
|
|
|
|
|
| Costof GeneratingFunds |
|
|
|
|
|
|
| Fundraisingcosts |
|
|
0 |
0 |
0 |
0 |
| Costof Generated lncome |
|
|
|
|
|
|
| Magazine and Website costs |
|
|
68,854 |
0 |
68,854 |
75,977 |
| AGM/Conferencecosts |
|
|
0 |
0 |
0 |
685 |
| Costofsundrysales |
|
|
L,L19 |
0 |
1,119 |
L,921 |
|
|
|
69,973 |
0 |
69,97378,577 |
|
| OtherCharitableActivities |
|
|
|
|
|
|
| Trainingproject |
|
|
22,855 |
0 |
22,855 |
22,467 |
| 2019website |
|
|
1,115 |
0 |
t,1L5 |
5,953 |
| Subscriptionsweb site/database |
|
|
3,887 |
0 |
3,887 |
7,974 |
| General |
|
|
5,911 |
0 |
5,gLL |
6,074 |
| Grants made |
|
|
3,!02 |
0 |
3,L02 |
1,895 |
|
|
|
36,870 |
0 |
36,87044,263 |
|
| Governance costs |
|
|
8,835 |
0 |
8,93510,391 |
|
| TOTALRESOURCESUSED |
|
|
t]-s,678 |
o |
115,678 |
!33,23L |
| NETRESOURCES |
|
|
4,150 |
0 |
4,750 |
-6,704 |
| UNREALISEDGAINS |
|
|
|
|
|
|
| lncreaseinvalue ofinvestments |
|
|
9,995 |
0 |
9,995 |
28,833 |
|
|
|
L4,145 |
o |
14,L45 |
22,729 |
| Less:Sharessold |
|
|
-26,402 |
|
-26,402 |
-30,000 |
| FUNDS asat1st January 2019 |
|
|
203,052 |
0 |
203,052 |
2L0,923 |
| FUNDSAT31ST DECEMBER2019 |
|
|
190,795 |
o |
190,795ZO1,O52 |
|
|
|
2020 |
|
2019 |
|
|
|
€ |
€ |
f |
f |
| FIXEDASSETS-Tangiblefixedassets |
|
|
o |
|
0 |
| LONG TERM INVESTMENT |
|
|
|
|
|
| CBFlnvestmentFundShares |
|
|
149,775 |
|
165,582 |
| (atmarketbidvalue) (Note7) |
|
|
|
|
|
| CURRENTASSETS |
|
|
|
|
|
| Stock |
|
4,994 |
|
6,113 |
|
| Sundrydebtors |
|
2,s32 |
|
3,137 |
|
| CBFGeneral Fund Deposit A/C |
|
3,140 |
|
3,740 |
|
| CBFAdamsMylandDepositA/C |
|
18,091 |
|
18,091 |
|
| CAFBankCurrent AIC |
|
9,226 |
|
5,991 |
|
| CAFBank DepositA/C |
|
4,386 |
|
379 |
|
|
|
42,369 |
|
37,757 |
|
| I |
|
|
|
|
|
| I.ESS:CURRENT UABITITIES |
|
|
|
|
|
| Creditors |
|
749 |
|
281 |
|
|
|
|
4!,620 |
|
37,470 |
| NET ASSETS |
|
re |
190,795 |
203,O52
Ere |
|
| FINANCEDBY: |
|
|
|
|
|
| Unrestricted funds |
|
|
|
|
|
| Capitalfund |
|
12,483 |
|
18,496 |
|
| Unrealised surplus on |
investment: |
125,498 |
|
135,892 |
|
|
|
|
t37,981 |
|
154,388 |
| lncomefunds |
|
|
|
|
|
| General |
(Note2) |
4,074 |
|
680 |
|
| DelegatedFunds |
(Note3) |
1,503 |
|
2,203 |
|
| Mylandand Adams |
(Notea) |
44,t48 |
|
42,955 |
|
| Special |
(Note4) |
3,089 |
|
4,185 |
|
|
|
|
52,874 |
|
48,554 |
| TOTALFUNDS |
|
|
190,795 |
|
2O3,052 |
| EXPENDITURE ANDLIABITITIES |
|
| Liability recognition |
Liabilities are recognisedassoonasthereisa legalor |
|
constructive obligation committing thecharitytopayout |
|
resources. |
| Governance costs |
lncludecostsofthepreparationandexaminationofstatutory |
|
accounts,thecostsofExecutiveCommitteemeetings, |
|
officersexpensesand anylegaladvicetothetrusteeson |
|
governance orconstitutional matters. |
| Grantspayablewithout |
Theseareonlyrecognised intheaccountswhena |
| performance conditions |
commitmenthasbeen madeandtherearenoconditions |
|
tobemetrelatingto thegrantwhichremainsinthe |
|
controlofthecharity. |
| ASSETS |
|
| lnvestments |
lnvestmentsquotedonarecognised stockexchangeare |
|
valued at market value attheyear end. |
| Stocks |
These arevalued atthe lowerof costor netrealisable |
|
value, |
| 2.Analysisof Statement ofFinanci |
alActivities |
alActivities |
|
|
|
|
|
GeneralDelegated |
|
Designated |
|
|
|
|
funds |
funds |
|
funds |
2020 |
20t9 |
|
(Note3l |
|
(Note4l |
|
|
|
| lncome |
|
|
|
|
|
|
| Diocesancontributlons |
18,003 |
|
|
|
18,003 |
2L,955 |
| Salesofmerchandise |
1,195 |
|
|
|
1,195 |
2,164 |
| ReaderMagazinelncome |
|
68,L54 |
|
|
58,154 |
65,631 |
| Donations received(Note4) |
|
|
|
L,228 |
1,228 |
159 |
| lnterest etcreceived |
t,247 |
|
|
3,425 |
4,672 |
5,603 |
| Otherincome |
L74 |
|
|
|
L74 |
5 |
| Total lncome |
20,519 |
68,154 |
|
4,553 |
93,426 |
96,527 |
| AddSaleofshares |
|
|
|
26,402 |
26,402 |
30,000 |
|
20,619 |
58,154 |
|
31,055 |
119,828 |
L26,527 |
| Expenditure |
|
|
|
|
|
|
| Salaries |
LL,5L6 |
2,U3 |
|
L5,21.O |
29,569 |
31,599 |
| Professional fees |
|
5,190 |
|
t,334 |
7,524 |
LO,L40 |
| Officersexpenses |
306 |
246 |
|
589 |
L,T4I |
4,242 |
| AGM |
|
|
|
|
0 |
68s |
| ExecutiveCommittee |
1,965 |
|
|
|
1,955 |
3,753 |
| Othercommitteemeetings |
|
|
|
|
0 |
637 |
| Training resourceproject |
|
|
|
5,722 |
5,722 |
2,L07 |
| Magazineproductioncosts |
|
57,633 |
|
|
57,633 |
59,086 |
| Legacytechnologycosts |
|
1,050 |
|
|
1,050 |
2,776 |
| 2019 website |
|
|
|
L,tL5 |
1,115 |
5,953 |
| Subscriptions web site |
|
|
|
2,507 |
2,507 |
0 |
| Subscriptions database |
|
829 |
|
1,380 |
2,209 |
7,874 |
| Costofmerchandise sold |
L,179 |
|
|
|
L,LTg |
L,927 |
| Grants made |
|
|
|
3,LOz |
3,LOz |
1,895 |
| lndependentexaminer fee |
100 |
|
|
|
100 |
103 |
| Adminexpenses |
858 |
63 |
|
|
92L |
460 |
| Total expenditure |
15,865 |
68,854 |
|
30,959 |
Lt5,678 |
t33,23]- |
| Surplus(Deficit) for the year |
4,754 |
(7oo) |
|
96 |
41s0 |
(6,704l. |
| Transfer betweenfunds |
0 |
0 |
|
0 |
0 |
0 |
| Balancesbrought forward |
-680 |
2,203 |
|
47,L41 |
48,664 |
5L,209 |
| Balancescarriedforward |
4,074 |
1,503 |
|
47,237 52,8L4 |
|
44,505 |
| Unrealised surplus oninvestments |
|
|
|
|
|
|
| Asat1stJanuary2020 |
29,580 |
0 |
|
L06,3L2 |
L35,892 |
L28,327 |
| RealisedonSaleofshares |
0 |
0 |
|
-20,389 |
-20,389 |
-2t,268 |
| lncrease in value during year |
2,8L5 |
0 |
|
7,180 |
9,995 |
28,833 |
| Asat 31st December 2020 |
32,395 |
0 |
|
93,103 |
L25,498 |
135,892 |
The Editorial and Websitecommitteesha
knownasCommunications
Summary ofthe threesubcommittees: |
ve been amalgama |
tedintoonefun |
d |
|
|
Communica |
|
|
|
|
tions |
Conference |
2O2O |
2019 |
| lncome |
|
|
|
|
| Magazinesubscriptions |
56,807 |
|
56,807 |
54,464 |
| Magazine advertising |
1,L,347 |
|
t'J,,347 |
12,167 |
|
68,L54 |
0 |
58,154 |
56,63L |
| Expenditure |
|
|
|
|
| Salarycosts |
2,843 |
0 |
2,843 |
2,963 |
| Officers expenses |
246 |
0 |
246 |
469 |
| Professional fees |
6 190 |
0 |
6,190 |
5,840 |
| Magazineproductioncosts |
57,633 |
0 |
57,633 |
59,086 |
| Meetings |
0 |
0 |
0 |
637 |
| Subscriptions database maintenance |
829 |
0 |
829 |
0 |
| Cardhandling fees |
63 |
0 |
63 |
0 |
|
67,804 |
0 |
67,804 |
68,895 |
| Magazinesurplus/(deficit) |
350 |
0 |
350 |
(2,2641 |
| Less:Legacytechnology |
l_,050 |
0 |
1,050 |
7,076 |
| lncrease(Decrease) |
(7oo) |
|
-704 |
(9,340) |
| Transfer |
|
0 |
0 |
0 |
| Balancesat1st |
|
0 |
|
1 |
| Balancesat 31st December |
1,503 |
0 |
L,503 |
2,203 |
|
|
Mylandand |
|
Total |
Total |
|
|
Adams
Special |
|
2020 |
2019 |
| lncome |
|
|
|
|
|
|
lnvestment |
3,067 |
358 |
3,425 |
4,389 |
|
Donationsfromdioceses |
t,228 |
0 |
7,228 |
169 |
|
Proceedsfromthesaleofshares |
0 |
26,402 |
26,402 |
30,000 |
|
|
4,295 |
26,760 |
31,055 |
34,557 |
| Expenditure |
|
|
|
|
|
|
Grants made |
LAz
3, |
0 |
3,LOz |
1,695 |
|
Trainingproject |
0 |
22,855 |
22,855 |
22,467 |
|
2019 website |
0 |
1,115 |
1,115 |
5,953 |
|
Subscriptions database |
0 |
1,380 |
1,380 |
7,874 |
|
Subscriptions website |
0 |
2,507 |
2,507 |
0 |
|
|
3,L02 |
27,857 |
30,959 |
37,989 |
| Net income beforetransfers |
|
L,L93 |
(7,097) |
95 |
(3,4321 |
| Transfers |
|
|
|
|
|
|
|
1,193 |
{.7,o97) |
96 |
13,432) |
| Balanceat |
1stJanuary |
42,955 |
4,t86 |
47 1.41 |
50,573 |
| Balanceat |
31st December |
44,148 3,089 |
|
47,237 |
47,141 |
(Thesenote
4. DesignatedFunds(continued) |
sformpartoftheAcc |
ounts) |
|
|
|
Myland/ |
|
Total |
|
|
Adams |
Special |
2020 |
2019 |
| Capitallnvestment |
|
|
|
|
| Originalinvestment |
L2,483 |
5,013 |
L8,496 |
27,228 |
| Saleofsharesat cost |
0 |
6,013 |
6,013 |
8,732 |
| Investmentcarriedfonnard |
L2,483 |
o |
t2,48318,496 |
|
| Changein market value |
|
|
|
|
| to1stJanuary |
86,283 |
20,029 |
LO6,3L2 |
105,095 |
| Realisedsurplus onshares |
0 |
-20,389 |
-20,389 |
-2L,268 |
| lncrease (decrease)intheyear |
6,820 |
350 |
7,L80 |
22,495 |
| At31st December |
93,103 |
0 |
93,103 |
LO6,3L2 |
| lnvestmentvalue |
|
|
|
|
| asat 31st December |
L05,585 |
0 |
10s,s86 |
t24,808 |
| 31October2020when thePr |
ojectOfficer left.(2019-a). |
|
|
2020 |
2019 |
| Salaries |
29,569 |
31,599 |
| 7.lnvestments |
|
|
|
|
|
Designated |
|
Total |
Total |
|
fundsGeneralfund |
|
2020 |
2019 |
| At1stJanuary |
L24,808 |
40,774 |
165,582 |
166,749 |
| Saleofshares |
-26,402 |
0 |
-26,402 |
-30,000 |
| lncrease duringyear |
7,L80 |
2,8L5 |
9,995 |
28,833 |
| At3lstDecember |
105,586 |
43,589 |
t49,L75 |
165,582 |