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|||Page|Page|
|---|---|---|---|
|Statementoffinancialactivities(SOFA)||2||
|Balancesheet||3||
|Notestothe accounts||||
|Accounting poIicies|4|4<br>(a),|(b|
|AnalysisofSOFA||5||
|Analysisof delegatedfunds||6||
|Analysisof designatedfunds||7||
|lnvestmentsandTrusteenotes||8||
|lndependentExaminer'sreporttotheTrustees||9||





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|CENTRALREADERSCG.INCIL CIO<br>STATEMENT OFFINANCIAL ACTIVITIES|CENTRALREADERSCG.INCIL CIO<br>STATEMENT OFFINANCIAL ACTIVITIES|CENTRALREADERSCG.INCIL CIO<br>STATEMENT OFFINANCIAL ACTIVITIES|CENTRALREADERSCG.INCIL CIO<br>STATEMENT OFFINANCIAL ACTIVITIES|CENTRALREADERSCG.INCIL CIO<br>STATEMENT OFFINANCIAL ACTIVITIES||||
|---|---|---|---|---|---|---|---|
|FORIHEYEAREI{DED3lSTDECEilIBER2021||||||||
|||Unrestricted||Restr'lcted||Total|Total|
||Note||funds|fun&||202L|2020|
|||fff||||f|f|
|INCOMINGRESOURCES|2|||||||
|Voluntarylncome||||||||
|Diocesancontributions|||17,008||0|17,AOB18,003||
|Generatedlncome||||||||
|MagazineandWebsite lncome||68,409|||0|58,409|68,1"54|
|AGM/Conferencelncome|||0||0|0|0|
|Sundrysales||2,000|||0|2,000|1,195|
||||70,449|||70,40969,349||
|Otherincome|||4t||0|4L|1.74|
|Donationsreceived|||50||0|50|1",228|
|lnvestmentlncome|||t4L<br>4||0|1.4L<br>4|4 672|
|Totallncome|||9L,649||0|9L,649|93,426|
|Add:Saleof shares|||35,000||0|35,000|26,4A2|
|TOTAIINCOM INGRESOURCES|||126,649||o|126,649|119,828|
|RESOURCESEI(PENDS)|2|||||||
|CostofGeneratingFunds||||||||
|Fundraising costs|||0||0|0|0|
|CostofGeneratedlncome||||||||
|Magazineand Website costs|||65,893||0|65,893|68,854|
|AGM/Conference costs|||0||0|0|0|
|Costof sundrysales|||1,,874||0|L,874|L,t19|
||||67,767||0|67,76769,973||
|Othe rCharitableActivities||||||||
|Trainingproject|||0||0|0|22,955|
|2019website|||115||0|115|L,115|
|Subscriptionswebsite/database|||20,463||0|20,463|3,887|
|General|||4,5L6||0|4,5L6|5,911|
|Grants made|||2,25A||0|2,250|3,742|
||||27,344||0|27,34436,870||
|Governancecosts|||!2,836||0|L2,8368,835||
|TOTALRESOURCES USED|||1_07,947||0|Lo7,g47|3.L5,678|
|NETRESOURCES|||]-8,702||0|18,7424,L50||
|UNREALISEDGAINS||||||||
|lncrease in value ofinvestments|||L6,876||0|L6,876|9,995|
||||35,578||0|35,578|T4,L45|
|Less:Sharessold|||-31,806||0|-31,806|-26,442|
|FUNDSasatlstJANUARY2021|||L90,795||0|L90,795|203,O52|
|FUNDS AT 31ST DECEMBER2021|||194,567||0|194,567|!90,795|





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|||2A21<br>e.|2A21<br>e.|c.<br>o|E<br>20/20<br>t.<br>0|
|---|---|---|---|---|---|
|fDlEASSEIS-Tangiblefiredasssts||||||
|LOrcrBntl]WEiIIt'165t<br>CBFlnvetmentFund Shares||||L34,244|L0g,t7S|
|'<br>(atmarketbidvalue)(IrloteT)||||||
|cunnEUrASSEIS<br>Stock<br>Sundrydebtors<br>CBFGeneralFund D€PoCtAy'C<br>CBFAdamsMYlandDepoitA/C<br>C,AFBankCurrentAy'C<br>CAFEankDePosit A/C||,,120<br>5,2t4<br>25,140<br>19,319<br>2,O28<br>6,377<br>61,198|||4,994<br>2,512<br>3,L6O<br>18,(X)1<br>9,226<br>4,386<br>42,369|
|LEr*cunnglrln8lullEt<br>Creditors||875||t|719<br>41,624|
|||||194567|190,795|
|TTETASSETS||||||
|FINANCETIBY:||||||
|Unrestrictedfunds<br>CaPitalfund<br>Unrealisedstlrptusoninrstments||L2'483<br> 110'567|-|123,O50|137,981<br>12,483<br>125,498|
|lncomefunds||||||
|General|(note2l|6,200|||4,074|
|D€legil€dFunds|(lrote3l|4,O24|||1,503|
|MylandandAdams|{t{ote4}|44,985|||44,148|
|Spacial|{Notc4}|16,312|||3rO89|
|||||71,517|52,814|
|TOTATFUT{DS||||194,567|190,795|



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|Liability recognition|Liabilitiesarerecognisedassoonasthereisalegalor|
|---|---|
||constructiveobligation committingthe charitytopayout|
||resources.|
|Governancecosts|lncludecostsof thepreparationandexaminationofstatutory|
||accounts,thecostsofExecutiveCommittee meetingq|
||offcersexpenses andanylegaladvicetothetrusteeson|
||governanceorconstitutionalmatters.|
|Grantspayablewithout|Theseareonlyrecognisedin the accountswhena|
|performanceconditions|commitmenthasbeen madeandtherearenoconditions|
||tobemetrelatingto thegrant whichremains inthe|
||controlofthecharity.|
|ASSETS||
|lnvestments|lnvestments quoted onarecognised stock exchangeare|
||valued at market valueattheyearend.|
|Stocks|Thesearevalued atthe lowerofcostor netrealisable|
||value.|





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|2.Analysis ofStatementof Financia|lActivities|lActivities||||
|---|---|---|---|---|---|
||GeneralDelegated<br>funds funds||Designated<br>funds|202r.|2020|
|||(Note3)|(Note 4)|||
|lncome||||||
|Diocesancontributions|L7,AO8|||L7,OA8|18,003|
|Salesof merchandise|2,000|||2,000|1,195|
|ReaderMagazinelncome||68,409||68,409|68,t54|
|Donationsreceived (Note )|50|||50|1,228|
|lnterestetc received|1,054||3,087|4,L41|4,672|
|Other income|41.|||47|L74|
|Totallncome|20,153|<br>68,409|3,087|9L,649|93,426|
|AddSaleofshares|||35,000|35,000|26,402|
||20,L53|<br>68,4A9|38,087L26,649||LLg,828|
|Expenditure||||||
|Salaries|Ll,972|2,389||L4,36L|29,569|
|Professionalfees||6,030|L,200|7,23O|7,524|
|Officersexpenses|863|471,||L,334|L,L41|
|AGM||||0|0|
|ExecutiveCommittee||||0|L,966|
|Other committeemeetings||||0|0|
|Trainingresourceproject||||0|5,722|
|Magazineproductioncosts||||0|57,633|
|Legacytechnology costs||55,801||55,801|1,050|
|2019website|||1_15|1_15|1,,LLs|
|Subscriptions web site|||20,462|20,462|2,547|
|Subscriptionsdatabase||L,OA2||1.,O02|2,2O9|
|Costof merchandise sold|7,874|||7,874|1,,LLg|
|Grants made|||2,250|2,250|3,LO2|
|Independentexaminerfee|100|||100|100|
|Adminexpenses|3,2L7|2AO||3,4t7|92L|
|Totalexpenditure|18,A26|<br>65,893|24,427L07,946||1,15,679|
|Surplus(Deficit) fortheyear|2,L27|2,516|14,060|18,703|4,150|
|Transfer betweenfunds|o|0|0|0|0|
|Balancesbroughtforward|4,074|1,503|47,237|52,81.4|48,664|
|Balancescarriedforward|6,20L|4,0L9|<br>6L,297|71,5!7|52,974|
|Unrealisedsurplusoninvestments||||||
|Asat1stJanuary2OZt|32,395|0|93,103725,498||135,892|
|RealisedonSaleofshares|-31,806|||-31,806|-20,389|
|lncreasein valueduringyear|1,694||L5,782|1.6,876|9,995|
|Asat 31stDecember2021|2,283|0|108,285110,568||L25,498|





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|TheEditorialandWebsitecommitteeshav<br>knownasCommunications<br>Summaryofthe threesubcommittees:|e beenamalgamated|intoonefund|||
|---|---|---|---|---|
||Communicat||||
||ions|Conference|?OZL|2020|
|lncome|||||
|Magazi nesubscriptions|54,632||54,632|56,807|
|Magazineadvertising|73,777||L3,777|LL,347|
||68,409|0|68,409|68,L54|
|Expenditure|||||
|Salarycosts|2,399|0|2,389|2,843|
|Officersexpenses|47L|o|471|246|
|Professionalfees|6,030|0|6,030|6,190|
|Magazineproductioncosts|55,801|0|55,801|57,633|
|Meetings|0|0|0|0|
|Subscriptionsdatabasemaintenance|1.,OO2|0|t,002|829|
|Cardhandlingfees|200|0|200|63|
||65,893|0|65,893|67,804|
|Magazi nesurpl us/(deficit)|2,516|0|2,51.6|350|
|Less: Legacytechnology|0|0|0|1,050|
|tncrease(Decrease)|2,516|0|2,516|(700)|
|Transfer|0|o|0|0|
|BalancesatlstJanuary|1,503|0|1,503|2,203|
|Balancesat31stDecember|4,0L9|0|4,019|1,503|





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||Mylandand|||Total|
|---|---|---|---|---|
||Adams|Special||202L|
|lncome|||||
|lnvestment|3,087|||3,487|
|Donationsfromdioceses||||0|
|Proceedsfrom thesaleof shares|||35,000|35,000|
||3,087||35,000|38,087|
|Expenditure|||||
|Grants made|2,254|||2,250|
|Trainingproject|||1,200|l,2oo|
|2019website|||115|115|
|Subscriptionsdatabase|||20,462|20,462|
|Subscriptionswebsite|2,250||27,777|0<br> 24,027|
|Netincomebefore transfers|837||L3,223|14,A6A|
|Transfers|||||
||837||L3,2Z3|14,060|
|BalanceatlstJanuary|44,L48||3,089|47,237|
|Balanceat3LstDecember|44,985||1-6,31-2|6L,297|





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|(Thesenot<br>4. DesignatedFunds(continued)|esformpartoftheAcc|ounts)||||
|---|---|---|---|---|---|
||Myland/|||Total||
||Adams|Special||2021|2020|
|Capital lnvestment||||||
|Originalinvestment|12,483|||!2,483|L8,496|
|Saleofsharesatcost|0|||0|6,013|
|Investment carriedforward|72,483||0|72,4831,2,483||
|Changein market value||||||
|to lstJanuary|93,103||0|93,103|LO6,3L2|
|Realisedsurplusonshares|0|||0|-20,389|
|lncrease(decrease)intheyear<br>At 31stDecember|15 1.82<br>748,285||0|15 182<br>108,285|7 180<br> 93,103|
|lnvestment value||||||
|asat 31stDecember|L20,768||0|!20,768|105,586|



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## 

|TheCentralReadersCouncil employed3 members ofstaffonaparttime|basisuntil|
|---|---|
|May202L whenapaid treasurerwasappointed.I2OZA-4),.<br>202L|2020|
|Salaries<br>L4,632|29,569|



## 

|T.lnvestments||||||
|---|---|---|---|---|---|
||Designated|||Total|Total|
||funds|Generalfund||2021|2020|
|AtLstJanuary|105,586||43,589|L49,1"7 5|165,582|
|Saleofshares|||-35000|-35,000|-26,402|
|lncreaseduringyear|L5,L82||4,888|24,070|g,gg5|
|At 31stDecember|120,768||13,477|L34,245|L49,175|





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