| Page | |||
|---|---|---|---|
| Report ofthe Trustees | |||
| Reference and Administrative | Information | ||
| Report ofthe Independent | Examiner | ||
| Statement of Financial Activities | 10 | ||
| Notes to the Accounts | 14 |
| are as follows, | mem | bers ofthe clergy are indicate |
d by |
(c) | |
|---|---|---|---|---|---|
| NAME | NOMINATED BY |
APPOINTED | EXPIRES | ||
| Dorothea Beasley | The German Speaking Evangelical Lutheran Congregations in the |
2020 | 2023 | ||
| Midlands | |||||
| Dexter L Bracey | (c) | The Coventry Diocesan Synod |
2020 | 2023 | |
| Mark Bratton | (c) | The Bishop of Coventry | 2020 | 2023 | |
| Neil Le Tissier | (c) | The Heart of England Baptist Association |
2019 | 2022 | |
| John Lloyd | The Chapter of Coventry Cathedral |
2019 | 2022 | ||
| Samuel J Margrave | The Coventry Diocesan Synod |
2020 | 2023 | ||
| Andrew Marsh |
The Friend's Meeting House ~c |
p~~i | 2021 | 2023 | |
| Craig Muir | (c) | The West Midlands Synod ofthe United Reformed Church |
2019 | Resigned 2021 |
|
| Leo Poole | (c) | Roman Catholic Archdiocese of Birmingham |
2020 | 2023 | |
| SJane Pudsey | The Heart of England Baptist Association. |
2019 | 2022 | ||
| Margaret Rabin |
The West Midlands Synod ofthe United Reformed Church |
2019 | Resigned 2020 |
||
| David Stone | (c) | The Chapter of Coventry Cathedral |
2019 | Resigned 2021 |
|
| Janet Ward | The Roman Catholic Archdiocese Birmingham. |
of | 2019 | 2022 |
| for | the | 11 | months to | 30 April 20 | 21 | ||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||||
| INCOME | |||||||
| Net assets donated by predecessor |
charity | Note 2 | 84,011 | 5,300 | 89,311 | ||
| Other Donations, during the |
year: | ||||||
| Coventry &Wanvickshire |
Churches | Together | 8,000 | 8,000 | |||
| Chapel collection box contents | Note 4 | 247 | 247 | ||||
| Wednesday Prayer Group |
51 | 51 | |||||
| Total donations received |
92,309 | 5,300 | 97,609 | ||||
| Realized gain on sale ofshares | Note 3 | 2,916 | 2,916 | ||||
| Dividends received |
1,684 | 1,684 | |||||
| interest received | 19 | 19 | |||||
| TOTAL INCOME | 96,928 | 5,300 | 102,228 | ||||
| EXPENDITURE | |||||||
| Chapel heating upgrade: Contribution |
to | Cathedral | 40,643 | 40,643 | |||
| Cathedral's service charge |
3,748 | 3,748 | |||||
| Day to day chapel expenses | 273 | 273 | |||||
| Retirement gift and other tributes |
118 | 118 | |||||
| TOTAL EXPENDITURE | 44,782 | 44,782 | |||||
| NET REALIZED INCOME before change | in value of | shares | 52,146 | 5,300 | 57,446 | ||
| Unrealized gain in market value |
of retained shares | 7,307 | 7,307 | ||||
| Transfer offunds | Note 5 | 5,300 | (5,300) | ||||
| NET INCREASE IN FUNDS during the period | R64,753 | f64,753 |
| Unrestricted | Restricted | Total | ||||
|---|---|---|---|---|---|---|
| F | ||||||
| Investments-related | income | |||||
| Dividends received |
1,684 | 1,684 | ||||
| Bank interest received | 19 | 19 | ||||
| Realized gain on sale ofshares | 2,916 | 2,916 | ||||
| Unrealized gain in |
market value of | retained shares | 7,307 | 7,307 | ||
| Total investments-related income |
11,926 | 11,926 | ||||
| Net operating expenditure |
||||||
| (Total Expenditure net ofOther Donations |
income) | (36,484) | (36,484) | |||
| Decrease In funds charIty |
before transfer | from | predecessor | (24,558) | (24,558) | |
| Net assets donated | by predecessor | charity | 84,011 | 5,300 | 89,311 | |
| Transfer offunds Note 5 |
5,300 | (5,300) | ||||
| NET INCREASE IN above |
FUNDS during | the period reported | f64,753 | f64,?53 |
| at 30April 2 | 021 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total | |||||||||||
| ASSETS | |||||||||||
| Fixed Asset | |||||||||||
| CBFChurch of England | Investment | Fund | Note 3 | 59,473 | |||||||
| Current assets | |||||||||||
| Deposit account with | Beverley Building | Society | 14,915 | ||||||||
| Debtor: Collection box | with | Coventry | Cathedral | Note 4 | |||||||
| Current liabilities payable |
within | one year | |||||||||
| Heating upgrade costs |
owing to the Cathedral | Note 6 | (8,129) | ||||||||
| Service charge owing | to the Cathedral | (1,345) | |||||||||
| Provision for Internet | Connection | charges | ( | 161) | |||||||
| Total current liabilities |
(9,635) | ||||||||||
| Net current assets | 5,280 | ||||||||||
| NET ASSETS | R64,753 | ||||||||||
| FUNDS | Unrestricted | Restricted | Total | ||||||||
| General | Designated | ||||||||||
| Accumulated fund 1 June 2020 |
|||||||||||
| Transfer of net assets | from | predecessor | trust | 84,011 | 5,300 | 89,311 | |||||
| Net expenditure during |
the | period | (24,558) | (24,558) | |||||||
| Transfer between funds |
(2,700) | 8,000 | (5,300) | ||||||||
| ACCUMULATED | FUND at the end | ofthe period | 56,753 | 8,000 | N4,753 |
| CASH USED BYOPERATING | CASH USED BYOPERATING | ACTIVITIES | ACTIVITIES | ACTIVITIES | |
|---|---|---|---|---|---|
| Net income for the period as reported in |
the | ||||
| Statement of Financial Activities |
64,753 | ||||
| Adjustments to eliminate non-operating |
activities | ||||
| included above:- | |||||
| Transfer ofnet assets from predecessor | charity | (89,311) | |||
| Investment activities: |
|||||
| Unrealized gain in value of investment |
( | 7,307) | |||
| Realized gain in value of investment |
( | 2,916) | |||
| Dividends received |
( | 1,684) | |||
| Bank interest | ( | 19) | |||
| Decrease in debtors during the period |
730 | ||||
| Increase in creditors during the period |
7,938 | ||||
| (92,569) | |||||
| Net Cash used by operating activities |
R(27,816) | ||||
| RECONCILIATION OF NET CASH USED BYOPERATING |
ACTIVITIES | ||||
| TO CASH AT THE END OF | THE PERIOD | ||||
| F | |||||
| Net Cash consumed by operating activities |
(as above) | (27,816) | |||
| Cash flow arising from investment activities |
|||||
| Sale ofshares (note 3) | 32,514 | ||||
| Dividends received |
1,684 | ||||
| Bank interest | 19 | ||||
| 34,21? | |||||
| Net cash flow arising during the period |
6,401 | ||||
| Add cash transferred from predecessor |
charity | 8,514 | |||
| Total cash at end ofthe period (building | society deposit) f14,915 |
| Assets Transferred on 1June 2020 |
||||||
|---|---|---|---|---|---|---|
| Investment at market value: 4,373.01 shares |
at F18.6973/ share | 81,764 | ||||
| Cash at building society |
8,514 | |||||
| Debtor for quarterly dividend: CCLA Investment |
Management | Ltd | 629 | |||
| Debtor for Chapel collection box contents: | Coventry | Cathedral | (note 4) | 100 | ||
| Total assets transferred | 91,007 | |||||
| Liability transferred | ||||||
| Creditor for Service Charge to 31 May 2020 Coventry Cathedral |
under | lease | with | (1,696) | ||
| Net assets transferred to The Chapel of |
Unity Coventry | GIO | R89,311 |
| . CBFChurch of England Investment Fund - Incom |
e shares | |
|---|---|---|
| Number of | ||
| sheres | ||
| 1 June 2020: market value on receipt ofshares | 4,373.01 | 81,764 |
| Gain in market value ofthe shares sold in the period | 2,916 | |
| Proceeds ofsale ofshares | (1,583.00) | (32,514) |
| Shares remaining after sale at original acquisition value |
2,790.01 | 52,166 |
| Unrealized gain in retained shares during the period |
7,307 | |
| 30 April 2021:market value ofshares @2131.63 pence per share |
f59,473 |