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|Report ofthe Trustees||||
|Reference and Administrative||Information||
|Report ofthe Independent|Examiner|||
|Statement of Financial Activities|||10|
|Notes to the Accounts|||14|
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|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|
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|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|
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|||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|
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|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|
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|||||||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|
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|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|||||
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|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|||
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|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|
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|. 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|
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