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## 

## 

|||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<br>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|





## 

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## 



## 

|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|<br>1,503||<br>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<br>knownasCommunications<br>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<br>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<br>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<br>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|





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