| 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 |