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|||||||CENTRAL READERS|CENTRAL READERS|CENTRAL READERS|CENTRAL READERS|COUNCIL|CIO||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||STATEMENT OF FINANCIAL ACTIVITIES|||||||||||
|||FOR|||THE|||YEAR ENDED 31STDECEMBER 2023|||||||
||||||||||Unrestricted||Restricted||Total|Total|
||||||||Note|||funds|funds||2023|2022|
||||||||||E||E<br>E||E|E|
|INCOMING|RESOURCES|||||||2|||||||
||Voluntary<br>Income<br>Diocesan contributions||||||||||21,075|0|21,075|19,913|
||Generated<br>Income||||||||||||||
||Magazine<br>and Website|||Income|||||61,419|||0|61,419|59,629|
||Sundry sales||||||||1,839|||0|1839|1 843|
||||||||||||63,258||63,258|61,472|
||Donations<br>received||||||||||71,790|0|71,790|118|
||Investment<br>Income||||||||||6,137|0|6,137|3,848|
||Totallncome||||||||||162,260|0|162,260|85,351|
|TOTAL INCOMING<br>RESOURCES|||||||||||162,260|0|162,260|85,351|
|RESOURCES EXPENDED||||||||2|||||||
||Cost of Generating||Funds||||||||||||
||Fundraising||||costs||||||||||
||Cost ofGenerated|Income|||||||||||||
||Magazine||and||||Website costs||||67,378|0|67,378|63,585|
||Cost of|sundry|||||sales||||1,407|0|1,407|885|
||||||||||||68,785|0|68,785|64,470|
||Other Charitable<br>Activities||||||||||||||
||Educational|||||Modules|||||433||433|0|
||Subscriptions||||||web site/database||||22,990||22,990|4,380|
||General||||||||||0||0|3,885|
||Grants|made|||||||||1,150||1,150|2,250|
||||||||||||24,573|0|24,573|10,515|
||Governance<br>costs||||||||||23,795|0|23,795|16,858|
|TOTAL RESOURCES USED|||||||||||117,153|0|117,153|91,843|
|NET RESOURCES|||||||||||45,107|0|45,107|(6,492)|
|UNREALISED GAINS|||||||||||||||
||(Decrease) / Increase|||in||value ofinvestments|||||11,249|0|11,249|(15,732)|
||||||||||||56,356|0|56,356|(22,224)|
|FUNDS as|at 1stJANUARY 2023||||||||||150,921|0|150,921|173,145|
|FUNDS AT 31STDECEMBER 2023|||||||||||207,277|0|207,277|150,921|





## 

||||||||2023||2022||
|---|---|---|---|---|---|---|---|---|---|---|
|FIXED ASSETS - Tangible||||fixed||assets||533||533|
|LONG TERM INVESTMENT|||||||||||
||CBF Investment||||Fund Shares|||129,759||118,512|
||(at market||bid||value) (Note 7)||||||
|CURRENT|ASSETS||||||||||
||Stock||||||5,653||6,306||
|||Sundry debtors||||(Note 9)|39,360||3,111||
|||CBFGeneral||Fund||Deposit A/C|62,899||20,140||
|||CBFAdams||Myland||Deposit A/C|19,319||19,319||
|||CAF Bank Current||||A/C|3,288||3,342||
|||CAF Bank Deposit||||A/C|895||2,635||
||||||||131,414||54,853||
|LESS:CURRENT LIABILITIES|||||||||||
|||Creditors||||(Note 10)|33,009||1,554||
|||||||||98,405||53,299|
|NET ASSETS||||||||228,697||172,344|
|FINANCED||BY:|||||||||
|Unrestricted||funds|||||||||
|||Capital fund|||||12,483||12,483||
|||Unrealised||surplus||on investments|106,083||94,836||
|||||||||118,566||107,319|
|Income funds|||||||||||
|||General||||(Note 2)|74,000||8,185||
|||Delegated|Funds|||(Note 3)|(2,293)||(1,161)||
|||Adams-Myland||||(Note 4)|49,450||46,037||
|||Special||||(Note 4)|(11,026)||11,964||
|||||||||110,131||65,025|
|TOTAL FUNDS||||||||228,697||172,344|



## 



## 

|INCOMING|RESOURCES||||||
|---|---|---|---|---|---|---|
|Recognition|ofincoming|These|are included<br>in the Statement<br>of|Financial Activities||(SOFA)|
|resources||when:|.||||
|||1 the|charity becomes entitled to the resources;||||
|||2 the|trustees are virtually<br>certain they|will receive the|resources;||
|||and|||||
|||3 the|monetary<br>value can be measured|with sufficient|reliability.||
|Incoming resources with related<br>expenditure||Where incoming<br>resources<br>have related expenditure<br>(as with<br>fundraising<br>or contract income) the incoming<br>resources and related<br>expenditure<br>are reported<br>gross in the SOFA.|||||
|Grants and|donations|Grants|and donations<br>are only included|in the SOFA when||the charity|
|||has unconditional<br>entitlement<br>to the resources.|||||
|||The value of any voluntary<br>help received||is not included|in|the|
|||accounts but is described<br>in the trustees'||annual<br>report.|||
|Investment|income|This is|included<br>in the accounts when received.||||
|||This includes<br>any gain or loss on the sale||of investments|and any gain||
|Investment|gains and losses|or loss|resulting<br>from revaluing<br>investments<br>to market value at the||||
|||end of|the year.||||
||||4 (a)||||





||||CENTRAL READERS'|COUNCIL||||
|---|---|---|---|---|---|---|---|
|||Notes to|the Accounts for the Year|to 31st December 2023||||
||||(These notes form part of|the Accounts)||||
|EXPENDITURE||AND LIABILITIES||||||
|Liability recognition|||Liabilities are recognised|as soon as there<br>is a legal||or||
||||constructive<br>obligation|committing<br>the charity to||pay|out|
||||resources.|||||
|Governance|costs||Include costs ofthe preparation<br>and examination|||ofstatutory||
||||accounts, the costs of Executive Committee<br>meetings,|||||
||||officers expenses<br>and any legal advice to the trustees||||on|
||||governance<br>or constitutional<br>matters.|||||
|Grants payable without|||These are only recognised<br>in the accounts when||a|||
|performance||conditions|commitment<br>has been made and there are no conditions|||||
||||to be met relating to the grant which remains<br>in||the|||
||||control ofthe charity.|||||
|ASSETS||||||||
|Investments|||investments<br>quoted<br>on|a recognised<br>stock exchange|||are|
||||valued at market value|at the year end.||||
|Stocks|||These are valued at the|lower ofcost or net realisable||||
||||value.|||||





## 

|2.Analysis ofStatement of Financia|l Activities||||||
|---|---|---|---|---|---|---|
||General|Delegated||Designated|||
||funds|funds||funds|2023|2022|
|||(Note|3)|(Note 4)|||
|Income|||||||
|Diocesan contributions|21,075||||21,075|19,913|
|Sales ofmerchandise|1,839||||1,839|1,843|
|Reader Magazine<br>Income||61|3c4||61,354|59,629|
|Donations<br>received (Note 4)|71,572|||219|71,790|118|
|Interest etc received|1,793|||4,344|6,137|3,848|
|Otherincome|65||||65|0|
|Totallncome|96,343|61,354||4,563|162,260|85,351|
||96,343|61,354||4,563|162,260|85,351|
|Expenditure|||||||
|Salaries|19,211||167||19,378|14,628|
|Professional<br>fees||8,780|||8,780|7,315|
|Officers' expenses|399||||399|2,715|
|Executive Committee|2,612||||2,612|2,560|
|Other committee<br>meetings|||391||391|954|
|Educational<br>Modules|433||||433|0|
|Magazine<br>production<br>costs||53,148|||53,148|53,089|
|Subscriptions<br>web site|4,808||||4,808|3,156|
|Subscriptions<br>database||||22,990|22,990|1,224|
|Cost of merchandise<br>sold|1,492||||1,492|885|
|Grants made||||1,150|1,150|2,250|
|Independent<br>examiner fee|||||0|100|
|Admin expenses|1,573||||1,573|2,701|
|Depreciation|||||0|266|
|Tota I expenditure|30,528|62,485||24,140|117,153|91,843|
|Surplus (Deficit) for the year|65,815|(1,131)||(19,577)|45,107|(6,492)|
|Transfer between<br>funds|0||0|0|0|0|
|Balances brought<br>forward|8,185|(1,161)||58,001|65,025|71,517|
|Balances carried forward|74,000|(2,292)||38,424|110,132|65,025|
|Unrealised<br>surplus<br>on investments|||||||
|As at 1st January 2023|704||0|94,132|94,836|110,568|
|Change<br>in value during year|1,130|||10,119|11,249|(15,732)|
|As at 31st December 2023|1,834||0|104,251|106,085|94,836|





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## 

|||||Communica|||
|---|---|---|---|---|---|---|
|||||tions|2023|2022|
|Income|||||||
|Magazine|subscriptions|||55,540|55,540|49,955|
|Magazine|advertising|||5,814|5,814|9,674|
|||||61,354|61,354|59,629|
|Expenditure|||||||
|Salary costs||||167|167|1,900|
|Officers'|expenses|||391|391|1,145|
|Professional<br>fees||||8,780|8,780|6,280|
|Magazine|production|costs||53,148|53,148|53,089|
|Meetings||||0|0|954|
|Subscriptions<br>database|||maintenance|0|0|1,224|
|Card handling<br>fees||||0|0|217|
|||||62,486|62,486|64,809|
|Magazine|surplus/(deficit)|||(1,132)|(1,132)|(5,180)|
|Less: Legacy technology||||0|0|0|
|Increase(Decrease)||||(1,13?)|(1,132)|(5,180)|
|Transfer||||0|0|0|
|Balances|at 1st January|||(1,161)|(1,161)|4,019|
|Balances|at 31st December|||(2,293)|(2,293)|(1,161)|





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## 

|||||Adams-||Tota I|Tota I|
|---|---|---|---|---|---|---|---|
|||||Myland|Special|2023|2022|
|Income||||||||
||Investment|||4,344||4,344|3,302|
||Donations|from dioceses||219||219||
|||||4,563|0|4,563|3,302|
|Expenditure||||||||
||Grants made|||1,150||1,150|2,250|
||Social Media|||||0|1,035|
||Meetings|||||0|157|
||Subscriptions||database||22,990|22,990|0|
||Subscriptions||web site|||0|3,156|
|||||1,150|22,990|24,140|6,598|
|Net income|before transfers|||3,413|(22,990)|(19,577)|(3,296)|
|Transfers||||||||
|||||3,413|(22,990)|(19,577)|(3,296)|
|Balance at|1st January|||46,037|11,964|58,001||
|Balance at|31st December|||49,450|(11,026)|38,424||





## 

|4.Designated<br>Funds|(These notes<br> (continued)|form part ofthe Acc|ounts)||||
|---|---|---|---|---|---|---|
|||Adams-|||Total|Total|
|||Myland|Special||2023|2022|
|Capital Investment|||||||
|Original<br>investment||12,483|||12,483|12,483|
|Sale ofshares at cost||0|||0|0|
|Investment<br>carried forward||12,483||0|12,483|12,483|
|Change<br>in market value|||||||
|to 1stJanuary||94,132||0|94,132|108,285|
|Realised surplus<br>on|shares|0|||0|0|
|Increase (decrease)|in the year|10,119|||10,119|(14,153)|
|At 31st December||104 2c1||0|104,251|94,132|
|Investment<br>value|||||||
|as at 31st December||116,734||0|116,734|106,615|



## 

## 

||2023||2022||
|---|---|---|---|---|
|Salaries & Nationallnsurance|19,378||14,628||
|7.Investments|||||
||Designated|General|Total|Total|
||funds|fund|2023|2022|
|At 1st January|106,615|11,898|118,513|134,245|
|(Decrease) / Increase during year|10,119|1,130|11,249|(15,732)|
|At 31st December|116,734|13,028|129,762|118,513|



## 



|9.Sundry Debtors||
|---|---|
|Sundry<br>Debtors|2,829|
|Accounts Receivable|31,345|
|Accrued Income|3,882|
|Stripe Clearing Account|1,304|
||39,360|
|10.Creditors||
|Sundry Creditors|1,664|
|Prepaid<br>Income|31,345|
||33,009|





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