| Page | |
|---|---|
| Reference andAdministrativeDetailsofthe Charity, its TrusteesandAdvisers | 1 |
| Trustees'Report | 2-5 |
| lndependentAuditors'Report | 6-8 |
| StatementofFinancialActivities | 9 |
| BalanceSheet | 10 |
| StatementofCashFlows | 11 |
| Notesto the Financial Statements | 12-22 |
5 July
| Unrestricted | Restricted | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| T lvlonths | ||||
| Note | 2021t | 2021t | 2021 e |
|
| INCOMEFROM: | ||||
| Donationsand legacies | 3 | 29,367 | ll5 | 29.592 |
| Charitableactivities: | ||||
| Theological education | 283,187 | 283,187 | ||
| lnvestments | 3 | 10,4't 6 | 4.288 | 14,704 |
| Renls and visitor income | 33,3'17 | 33,317 | ||
| Otherlncome-transfer frompredecessor entity |
18 | 2,799.093 |
324.O13 | 3,123,106 |
| TOTALINCOME | 3,155,380 | 328,526 | 3,483,906 | |
| EXPENDITUREON: | ||||
| Charitable activities: | ||||
| Teaching | 190,8s6 | 2,061 | 192,917 | |
| Residential | 257,821 | 257,821 | ||
| Premises | 157,747 | 38,497 | 196,244 | |
| Donations paid | 168,919 | 168 919 | ||
| TOTAL EXPENDITURE | 5 | 606.424 | 209 477 |
8'15,901 |
| NETINCOME BEFORE INVESTMENT GAINS |
2,548,956 | '119,0492,668,005 | ||
| Netgains oninvestments | 8 | 26,043 | 20 645 | 46 688 |
| NET INCOME | 2,574,999 | 139,694 | 2,714,693 | |
| Transfers betweenFunds | 't1 | 128.686 | ('128.686) | |
| NETMOVEMENT INFUNDS | 2,703,685 | 1 1,0082,7'14,693 | ||
| RECONCILIATION OF FUNDS: | ||||
| Totalfundsbroughtforward | ||||
| TOTALFUNDSCARRIED FORWARD | 2.703.685 | 11.008 | ||
| -2J14,@3 |
| 2021 | ||||
|---|---|---|---|---|
| Note | € | I | ||
| FIXEDASSETS | ||||
| Tangibleassets | 7 | 1,731,917 | ||
| lnvestments | 8 | 416,628 | ||
| 2,148,545 | ||||
| CURRENTASSETS | ||||
| Debtors | 9 | 280,58'l | ||
| Cashatbankandin hand | 392,195 | |||
| 672,776 | ||||
| CREDITORS:amountsfallingduewithin oneyear |
10 | (106.628) | ||
| NET CURRENTASSETS | 566 148 | |||
| NETASSETS | 2.714.693 | |||
| CHARITYFUNDS | ||||
| Restrictedfunds | 11 | '11,008 | ||
| Unrestricledfunds | 11 | 2. | 703.685 | |
| TOTALFUNDS | 2.714.693 |
| 2021 | ||
|---|---|---|
| 7Months | ||
| Note | e | |
| Cashflowsfrom operatingactivities | ||
| Netcash providedbyoperating activities | 't3 | (414,038) |
| Cashflows frominvestingactivities: | ||
| Dividends.interestandrentsfrom investments | 14,704 | |
| Netcash usedininvestingactivities | 14,704 | |
| Change incashand cash equivalentsinthe year | (399,334) | |
| Cashand cash equivalentsbroughtforward | 79',t,529 | |
| Cashandcashequivalents carriedforward | 14_392i!€5 |
lvalue,overtheir expected usef |
ullives on thefoll |
|---|---|
| Freehold property | 50 years |
| Furnitureand Equipment | 5years |
| Motorvehicles | 3to4years |
| Traclor | 10years |
| Officeequipment-general | 3years |
| Organ | 20years |
| Staff costswereasfollows | |
|---|---|
| 2021 | |
| 7Months | |
| t | |
| Grosswages andsalaries | 231,000 |
| Socialsecuritymsts | 3,840 |
| Otherpensioncosts | 14,1U |
| Redundancycosts | 52,633 |
| 301.657 |
| Theaverage number ofpersonsemployedbythe Charityd | uringtheperiodwasasfol |
|---|---|
| 2021 | |
| No | |
| Professors fulltime | 5 |
| TutorsParttime | 1 |
| Adminislralion | 4 |
| Other-catering, domestic,groundsetc | 5 |
| 15 |
| DONATIONS AND LEGACIES | |||
|---|---|---|---|
| 2021 | |||
| 7Months | |||
| E | |||
| Donations | 13.262 | ||
| Furloughgrants | 16,330 | ||
| 29.592 | |||
| __ | |||
| INVESTMENTINCOME | |||
| Unrestricted | Restricted | Total | |
| funds | funds | funds | |
| 2021 | 2021 | 2021 | |
| 7N.4onths | 7Months | 7Months | |
| E | e | € | |
| lnvestmentincome | 10.416 | 4.288 | 14-JA4 |
| SUPPORTCOSTS | |||||
|---|---|---|---|---|---|
| Total | |||||
| 7 Months | |||||
| Teaching L |
Residential e |
Premises e |
2021t | ||
| Office | 13,134 | 5,629 | 18,763 | ||
| Chapel | 1,107 | 1,107 | 1,107 | 3,321 | |
| Professionalfeesand charges | 42,765 | 42.765 | 42,765 | 128,295 | |
| Wages andsalaries | 51,792 | 22,197 | 73,989 | ||
| Nalionalinsurance | 3,553 | 1,522 | 5,075 | ||
| Pensioncost | 1,115 | 478 | 1,593 | ||
| _ 113J6 | 4i.872 | _____13-09e | 231.036 |
| Total | ||||||
|---|---|---|---|---|---|---|
| Staffcosts | Depreciation | Othercosts | 7Months | |||
| 2021t | 2021 € |
202'l e |
2021 e |
|||
| Teaching | 120,820 | 72,097 | 192,917 | |||
| Residential Premises Donations |
lodioceses | '156,640 24,197 |
22,250 | 101,181 149,797 168,9'tI |
257,821 1,244 168,9'19 |
|
| 301.657 | 22.250 | 4S1.994 | 815.901 |
| TANGIBLEFIXEOASSETS | ||||
|---|---|---|---|---|
| Freehold | Fixturesand | |||
| property t |
lvlotorvehicles I |
fittings e |
Totalt | |
| Cost | ||||
| Transferfrom predecessor entity | 1,651,406 | 102,76',t | ',t,754,167 | |
| Additions | ||||
| At31 July202'1 | 1,651,406 | 102,761 | 1.754.167 | |
| Depreciation | ||||
| Transferfrom predecessor entity | ||||
| Charge fortheperiod | 22,250 | 22,250 | ||
| At31 July2021 | 22,250 | 22 250 | ||
| Netbook value | ||||
| At31 July2021 | 1.651.40=6= | 80511 | t-7ll-glz | |
| At17December2020 | 1,651,406 | 1O2JA',t | L154.1S1 |
| . FIXEDASSET INVESTMENTS |
||
|---|---|---|
| Listed | ||
| securities I |
||
| Market Yalue | ||
| At'17December2020 | 540,481 | |
| Disposals | (170,541) | |
| Gains/(Losses) | 46.688 | |
| At 31 July 2021 | ||
| _,_316_02& | ||
| lnvestmentsatmarket value comprise: | ||
| 2021t | ||
| Listedinvestments | _41E.62L |
| DEBTORS | |
|---|---|
| 2021 | |
| E | |
| Tradedebtors | 1,693 |
| Otherdebtors | 4,626 |
| Legaciesaccrued | 255.000 |
| Prepaymentsandaccruedinmme | 19,262 |
| 280.581 |
| CREDITORS:Amountsfallingduewithinoneyear | |
|---|---|
| 2021 | |
| € | |
| Tradecreditors | 55,495 |
| Othercreditors | 4,875 |
| Accruals and deferred income | 46,258 |
| 106.628 |
| STATEMENT OF FUND | S.CURRENT Y | EAR | |||||
|---|---|---|---|---|---|---|---|
| Balanceal'17 | Transfers | Gains/ | Balance at31 | ||||
| Aec2020 t |
lncome t |
Expenditure r |
in/outt | (Losses) E |
July2021 s |
||
| Unrestrictedfunds | |||||||
| GeneralFunds | 3.155.380 | 606 424 | 128,686 | 26,0432,703,685 | |||
| Restrictedfunds | |||||||
| KnightsofStColombia | |||||||
| Fund | 2,061 | (2,061) | |||||
| WalterQuinlanFund | 157,783 | (168,920) | 20,645 | 9,508 | |||
| RefurbishmentFund | 87,4't7 | (33,146) | (s4.27't) | ||||
| ChapelChallenge | 69,177 | (5,350) | (62,327) | 1,500 | |||
| OtherFunds | 12,088 | (12,088) | |||||
| Total oI funds | 328. -pagat+ __i_483,9001815-90t) |
( | ,686) | 20.645 46.688 |
11.008 _ 2J14.69X |
| ANALYSIS OFNETASSETS BETWEENFUNDS | -CURRENTPERIOD | ||
|---|---|---|---|
| Unrestricted | Reslricted | Total | |
| funds | funds | funds | |
| 2021 € |
2021t | 2021t | |
| Tangible Ilxedassets | 1,731,917 | 1,731,917 | |
| Fixedasset inveslments | 416.628 | 4'16,628 | |
| Currentassels | 661.768 | 11,008 | 672,776 |
| Creditorsduewithinoneyear | (106,628) | (106,628) | |
| 2.703.685 | 11.008 | 2714693 |
| RECONCILIATION OFNETMOVEMENT INFUNDSTONETCASH FL ACTIVITIES |
OWFROMOPE |
|---|---|
| 2021 | |
| E | |
| Nelincome forthe period(as perStatementofFinancial Activities) | 2,714,693 |
| Adjustmentfor: | |
| Depreciationcharges | 22.250 |
| Gains/Losses on investments | (46,688) |
| Dividends, interestand rentsfrom investmenls | (14,704| |
| TransferofWalterQuinlanFundtoDioceseof SoulhwarkandA&B | 170,541 |
| Transferfrom predecessor entity | (3,123,106) |
| (lncrease)/decreaseindebtors | (48,353) |
| lncreaseincreditors | (88,671) |
| Netcash providedbyoperatingactivities | (414.038',1 |
| ANALYSISOFCASH AND CASH EQUIVALE | NTS |
|---|---|
| 202'lt | |
| Cash inhand | 195 |
| Total | |
| 392.195 |
| 251342\, lhe predecessor charity, were transte was: |
ned into the ClO.Theanalysisofne t |
|---|---|
| Fixed assets | 1,754J67 |
| lnvestments | 540,48'1 |
| Netcurrentassets | 828,458 |