|||Page||
|---|---|---|---|
|Reference and Administrative
Details||||
|Report ofthe|Trustees|2 to|9|
|Report ofthe|Independent
Auditors|10 to|12|
|Consolidated|Statement
of Financial Activities|13||
|Consolidated|and Charity Balance Sheet|14||
|Consolidated|Cash Flow Statement|15||
|Notes to the|Cash Flow Statement|16||
|Notes to the|Financial Statements|17 to|35|
##
|TRUSTEES||Rt. Rev Paul Stonham|Rt. Rev Paul Stonham|Rt. Rev Paul Stonham|Rt. Rev Paul Stonham|(Chair of|(Chair of|trustees)|(Robert|
|---|---|---|---|---|---|---|---|---|---|
|||Maurice
Paul)||||||||
|||Rev Andrew
Berry|||(Peter||James)|||
|||Rev Michael Evans (Irwin)||||||||
|||Rev Augustine|Prlmavesi||||(Leo)|||
|||V Rev Brendan|Thomas|||(Keith Brendan Martel)||||
|SECRETARY and DIRECTOR of FINANCE||Edmund
Hayward||||||||
|REGISTERED OFFICE||Belmont Abbey||||||||
|||Ruckhall
Lane||||||||
|||Belmont||||||||
|||Hereford||||||||
|||HR2 9RZ||||||||
|CHARITY REGISTRATION|NUMBER|1190035||||||||
|AUDrrORS||Thorne Widgery||Accountancy
Ltd||||||
|||Chartered
Accountants||||||||
|||Statutory
Auditors||||||||
|||2 Wyevale
Business Park||||||||
|||Kings Acre||||||||
|||Hereford||||||||
|||Herefordshire||||||||
|||HR4 7BS||||||||
|BANKERS||National
Westminster||||Bank Plc||||
|||Broad Street||||||||
|||Hereford||||||||
|||HR4 9AH||||||||
|INVESTMENT MANAGERS||Quilter Cheviot||Limited||||||
|||One Kingsway||||||||
|||London||||||||
|||WC2B 6AN||||||||
|||CCLA Investment|||Management|||Limited||
|||One Angel Lane||||||||
|||London||||||||
|||EC4R 3AB||||||||
|SOLICITORS||Lambe Corner|LLP|||||||
|||36/37 Bridge Street Hereford||||||||
|||HR4 9DJ||||||||
|||Stone King LLP||||||||
|||Upper Borough||Court||||||
|||Upper Borough||Walls||||||
|||Bath||||||||
|||BA11RG||||||||
##
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##
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##
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##
##
|for the Year Ended 30June 2023||||||||
|---|---|---|---|---|---|---|---|
|||||||30.6.23|30.6.22|
|||Unrestricted|||Restricted|Total|Total|
|||fund|Designated||funds|funds|funds|
||Notes|E|E||E|E|E|
|INCOME AND ENDOWMENTS||||||||
|FROM||||||||
|Donations
and legacies|2|386,603|||58,462|445,937|449,446|
|Charitable
activities|5|||||||
|Support of members ofthe||||||||
|Community
and their ministry||34,932||||34,932|34,936|
|Other trading activities|3|303,726||||303,726|357,056|
|Investment
income|4|309,405||||309,405|300,272|
|Other sources||36||||36|41|
|Transfer from Belmont Abbey General|Trust|3,100||||3,100|6,265,133|
|Total||1,037,802||872|58,462|1,097,136|7,406,884|
|EXPENDITURE ON||||||||
|Raising funds||||||||
|Investment
manager fees||7,953||||7,953|9,356|
|Investment
property expenses||52,844||||52,844|42,079|
|Commercial
trading operations||205,820|5,504|||211,324|228,599|
|Charitable
activities||||||||
|Support of members ofthe||||||||
|Community
and their ministry||516,950|74,631||3,562|595,143|538,706|
|Donations
and support of
overseas missions|||||~59432|~59432|~20 476|
|Total||~783 567|~80135||~62 994|~926 696|~839 216|
|Net income before investment||||||||
|gains/(losses)||254,235|(79,263)||(4,532)|170,440|6,567,668|
|Net gains/(losses)
on
investments||~30992)||||~30 992)|~125850)|
|NET INCOME/(EXPENDITURE)
Transfers between
funds|19|223,243
~95,514)|(79,263)
95,514||(4,532)|139,448|6,441,818|
|Net movement
in funds||127,729|16,251||(4,532)|139,448|6,441,818|
|RECONCILIATION
OF FUNDS||||||||
|Totalfunds
brought
forward||753,137|5,644,060||44,621|6,441,818||
|TOTAL FUNDS CARRIED
FORWARD||~880 866|~5660|311|~40 089|~6581 266|~6441 818|
##
||||||GROUP|CHARITY|GROUP|CHARITY|
|---|---|---|---|---|---|---|---|---|
||||||30.6.23|30.6.23|30.6.22|30.6.22|
|||||Notes|E|E|E|E|
|FIXED ASSETS|||||||||
|Tangible assets||||13|777,375|747,789|764,776|734,261|
|Investments||||14|4,772,686|4,872,686|4,804,042|4,904,044|
||||||5,550,061|5,620,475|5,568,818|5,638,305|
|CURRENT ASSETS|||||||||
|Stocks|||||11,452||11,452||
|Debtors||||15|127,521|92,953|79,597|166,048|
|Cash at bank|and in||hand||1,032,372|980,995|946,427|832,776|
||||||1,171,345|1,073,948|1,037,476|998,824|
|CREDITORS:|amounts||falling due within one year|16|(140,140)|(106,394)|(164,476)|(177,210)|
|NET CURRENT ASSETS|||||1,031,205|967,554|873,000|821,614|
|TOTAL NET|ASSETS||||6,581,266|6,588,029|6,441,818|6,459,919|
|REPRESENTED BY:|||||||||
|Restricted
funds||||17|40,089||44,621|44,621|
|Unrestricted|funds||||||||
|. Designated|funds|||17|4,882,938|4,819,287|4,879,284|4,820,724|
|. Designated|funds|-|Tangible fixed assets fund|17|777,373|747,787|764,776|734,261|
|.Generalfunds||||17|880,866|980,866|753,137|860,313|
||||||6,581,266|6,588,029|6,441,818|6,459,919|
##
|Belmont Abbe
General
CIO|||||
|---|---|---|---|---|
|Consolidated
Cash Flow Statement|||||
|for the Year Ended 30June 2023|||||
||||30.6.23|30.6.22|
|||Notes||E|
|Cash flows from operating
activities
Cash generated
from operations||1|~135,153)|752&722|
|Net cash (used in)/provided
by operating||activities|~135,153)|752,722|
|Cash flows from investing
activities|||||
|Purchase oftangible
fixed assets|||(91,771)|(36,479)|
|Purchase of fixed asset investments|||(1,288,823)|(148,881)|
|Expenditure
on investment
property|||(6,429)|(37,861)|
|Sale of tangible fixed assets|||3,100||
|Sale of fixed asset investments|||1,242,215|170,799|
|Investment
income and interest receivable|||309,405|~300 272|
|Net cash provided
by investing
activities|||167,697|~247 850|
|Change in cash and cash equivalents|in||||
|the reporting
period|||32,544|1,000,572|
|Cash and cash equivalents
at the|||||
|beginning
ofthe reporting
period|||~1000 572||
|Cash and cash equivalents
at the end|of||||
|the reporting
period|||~1033 116|~1000 572|
|for t|he Year Ended 30June 2023|he Year Ended 30June 2023|he Year Ended 30June 2023|he Year Ended 30June 2023|he Year Ended 30June 2023|he Year Ended 30June 2023||
|---|---|---|---|---|---|---|---|
||RECONCILIATION
OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES|||||||
|||||||30.6.23|30.6.22|
|||||||E|E|
||Net income for the reporting||period (as per the Statement of Financial|||||
||Activities)|||||139,448|6,441,818|
||Adjustments
for:|||||||
||Depreciation
charges|||||79,172|71,008|
||Gain on investments|||||30,992|125,850|
||Profit on disposal of fixed assets|||||(3,100)||
||Investment
income and interest|||receivable||(309,405)|(300,272)|
||Non-cash element oftransfer||from BAGT||||(5,980,779)|
||Decrease/(increase)
in debtors|||||(47,924)||
||(Decrease)/increase
in creditors|||||(24,336)|391,520|
||GeneralTrust||||||3,577|
||Net cash (used in)/provided||by|operations||{135,153)|752,722|
|2.|ANALYSIS OF CHANGES|IN NET||FUNDS||||
||||||At 1.7.22|Cash flow|At 30.6.23|
||||||E|E|E|
||Net cash|||||||
||Cash at bank and in hand||||946,427|85,945|1,032,372|
||Cash held by investment|managers|||~54 145|~53 401)|744|
||||||1,~000 572|~32 544|1,033,116|
||Total||||1,000,572|~32 544|1,033,116|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|for t|he Year Ended|he Year Ended|30Ju|30Ju|ne 2023|ne 2023||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|2.|DONATIONS||AND||LEGACIES|||||||
|||||||||||30.6.23|30.6.22|
|||||||||Unrestricted|Restricted|Total|Total|
||GROUP|||||||funds|funds|funds|funds|
|||||||||E|E|E|E|
||Pensions|etc|receivable|||under Gift|Aid|77,456||77,456|75,136|
||Other Donations|||||||105,439|38,462|143,901|109,514|
||Legacies|||||||204,580|20,000|~224 580|264,796|
|||||||||387,475|58,462|445,937|~449 446|
|||||||||||30.6.23|30.6.22|
|||||||||Unrestricted|Restricted|Total|Total|
||CHARITY|||||||funds|funds|funds|funds|
|||||||||E|E|E|E|
||Pensions|etc|receivable|||under Gift|Aid|77,456||77,456|75,136|
||Other Donations|||||||105,439|38,462|143,901|109,514|
||Legacies|||||||204,580|20,000|224,580|264,796|
||Trading|subsidiary|||profits donated||under|||||
||deed of|covenant||||||130,002||130,002|156,614|
|||||||||~517477|58,462|575,939|606,060|
|3.|OTHER TRADING|||ACTIVITIES||||||||
|||||||||||30.6.23|30.6.22|
|||||||||||Unrestricted|Unrestricted|
||GROUP|||||||||funds|funds|
|||||||||||E|E|
||Accommodation|||charges||||||276,912|286,371|
||Bar and|restaurant|||sales|||||89,935|89,481|
||Room hire|||||||||3,178|3,486|
||Shop sales|||||||||8,593|6,867|
||Other income|||||||||15,247|15,248|
|||||||||||393,865|401,453|
||Less income from||||parent|charity||||(90,139)|(44,397)|
|||||||||||303I726|357,056|
|4.|INVESTMENT||INCOME|||||||||
|||||||||||30.6.23|30.6.22|
|||||||||||Unrestricted|Unrestricted|
||GROUP|||||||||funds|funds|
|||||||||||E|E|
||Income from||listed investments|||||||35,316|34,276|
||Deposit account|||interest||||||1,462||
||Income from||investment|||properties||||272,627|265,996|
|||||||||||309,405|300,272|
|for th|e Year Ended 3|0June 2023|0June 2023|0June 2023||||
|---|---|---|---|---|---|---|---|
|4.|INVESTMENT|INCOME (continued)||||||
|||||||30.6.23|30.6.22|
|||||||Unrestricted|Unrestricted|
|||||||funds|funds|
|||||||f.|E|
||Income from|listed investments||||35,316|34,276|
||Deposit account interest|||||1,462||
||Income from|investment|properties|||312,627|305,996|
|||||||349,405|340,272|
|5.|INCOME FROM CHARITABLE ACTIVITIES|||||||
|||||||30.6.23|30.6.22|
|||||||Unrestricted|Unrestricted|
||GROUP|||||funds|funds|
|||||||E||
||Retreats and|related income|||||2,150|
||Stipends receivable|||||19,932|17,786|
||Contributions|from Belmont Abbey Parish||||15,000|~15 000|
|||||||34,932|34,936|
|||||||30.6.23|30.6.22|
|||||||Unrestricted|Unrestricted|
||CHARITY|||||funds|funds|
|||||||E|E|
||Retreats and|related income||||12,000|14,150|
||Stipends receivable|||||19,932|17,786|
||Contributions|from Belmont Abbey Parish||||~15000|~15000|
|||||||46,932|46,936|
||RAISING FUNDS - commercial|||trading|operations|||
|||||||30.6.23|30.6.22|
|||||||Unrestricted|Unrestricted|
||GROUP|||||funds|funds|
|||||||E|E|
||Cost of sales|(direct costs of operating|||the retreat centre, guest house and|157,072|157,855|
||restaurant)|||||||
||Administration|expenses||||11,241|17,048|
||Establishment|expenses||||35,452|42,448|
||Other expenditure|||||7,561|11,248|
|||||||211,326|228,599|
|for t
|he Year Ended 30June 20|he Year Ended 30June 20|23||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|6.|RAISING FUNDS||||||||||
||||||||||30.6.23|30.6.22|
||||||||||Unrestricted|Unrestricted|
||CHARITY||||||||funds|funds|
||||||||||E|E|
||Establishment
expenses||||||||52,844|42,079|
||Portfolio management||||||||7,953|~9356|
||||||||||60,797|~51 435|
|7.|CHARITABLE ACTIVITIES COSTS||||||||||
|||||||||Support|||
||||||||Direct|costs (see|30.6.23|30.6.22|
||GROUP||||||Costs|note 8)|Totals|Totals|
|||||||||E|E|E|
||Support of members ofthe||||||||||
||Community|and their ministry||Unrestricted||funds|520,085|75,058|595,143|538,706|
||Donations|and support|of||||||||
||overseas missions|||Restricted||funds|59,432||59,432|20,476|
||||||||579,517|75,058|654,575|559,182|
|||||||||Support|||
||||||||Direct|costs (see|30.6.23|30.6.22|
||CHARITY||||||Costs|note 8)|Totals|Totals|
|||||||||E|E|E|
||Support of members ofthe||||||||||
||Community|and their ministry||Unrestricted||funds|617,399|78,682|696,081|583,103|
||Donations|and support|of||||||||
||overseas missions|||Restricted||funds|59,432||59,432|20,476|
||||||||676,831|78,682|755,513|~603 579|
|8.|SUPPORT|COSTS|||||||||
||||||||||Governance||
||||||||Management||costs (see|Totals|
||||||||||note 9)||
||||||||||E||
|GROUP
Support of members|||of the Community||and|their|||||
||ministry 30June 2023|||||||34,799|40,259|75,058|
|CHARITY Support of members|||of the Community||and|their|||||
||ministry 30June 2023|||||||38,423|40,259|78,682|
|9.|GOVERNANCE
COSTS||||||||||
||GROUP AND CHARITY|||||||30.6.23|30.6.22||
|||||||||E|E||
||Legal and|professional|fees|||||13,779|17,761||
||Auditor's|remuneration||||||26,480|10,500||
|||||||||40,259|28,261||
|or th
10.|e Year Ended 30June 2023
NET INCOME/(EXPENDITURE)|||||||
|---|---|---|---|---|---|---|---|
||Net income/(expenditure)
is stated|after charging/(crediting):||||||
|||||||30.6.23|30.6.22|
||Auditois'
remuneration:|||||||
||Current year|||||13,000||
||Prior year|||||13,480|10,500|
||Depreciation
- owned assets|||||73,669|64,837|
||Depreciation
- owned assets (Monksoft)|||||5,503|6,172|
||Operating
lease rentals||||||4,673|
||Surplus on disposal of fixed assets|||||J3,100)||
|11.|STAFF COSTS|||||||
||GROUP|||||30.6.23|30.6.22|
|||||||E.|E|
||Wages and salaries|||||217,714|223,216|
||Social security costs
Other pension costs|||||19,180
~4519|15,372
~4730|
|||||||241,413|243,318|
||CHARITY|||||30.6.23|30.6.22|
|||||||E|E|
||Wages and salaries|||||115,824|109,246|
||Social security costs|||||9,935|10,116|
||Other pension costs|||||2&225|2&488|
|||||||127,984|121,850|
|||||||30.6.23|30.6.22|
|||||||E|E|
||Staff costs per function were as follows:|||||||
||Support of members ofthe Community||and|their ministry|(charity)|127,984|121,850|
||Operation
of the retreat centre, guest||house and restaurant|||113,429|~121 468|
|||||||241,413|243,318|
||The average
number ofemployees|analysed||by function,|was:|||
|||||||30.6.23|30.6.22|
||Support of members ofthe Community|||||5|5|
||Operation ofthe retreat centre, guest||house and restaurant|||5|5|
|||||||10|10|
##
##
##
##
##
##
|TANGIBLE FIXED ASSETS|||||
|---|---|---|---|---|
||Long|Furniture|Motor||
|GROUP|leasehold|and fixtures|vehicles|Totals|
||Prop. ft||||
||improvements||||
|COST|E|E|E|E|
|At 1 July 2022|1,236,565|1,439,796|44,520|2,720,881|
|Additions
Disposals|4,484|33,410|53,877
~20,548)|91&771
~20,548)|
|At 30June 2023|~1241 048|1,473,206|77,849|~2,792 104|
|DEPRECIATION|||||
|At I July 2022|752,491|1,159,094|44,520|1,956,105|
|Charge for year
Eliminated
on disposal|39,479|32,817|6,876
~20 548)|79,172
~20 548)|
|At 30June 2023|~791 971|~1,191911|~30 848|~2014 729|
|NET BOOK VALUE|||||
|At 30June 2023|449,079|281,295|47,001|777,375|
|At 30June 2022|484,074|280,702||764,776|
||Long|Furniture|Motor||
|CHARITY|leasehold|and fixtures|vehicles|Totals|
||Prop. 8||||
||improvements||||
|COST|E|E|E|E|
|At I July 2022|1,213,597|1,224,076|44,520|2,482,193|
|Additions
Disposals||33,318|53,877
~20 548)|87,195
~20,548)|
|At 30June 2023|~1213,597|~1257 394|~77 849|2,548,840|
|DEPRECIATION|||||
|At 1 July 2022|750,076|953,334|44,520|1,747,930|
|Charge for year
Eliminated
on disposal|38,472|28,321|6,876
~20 548)|73,669
~20 548)|
|At 30June 2023|~788 548|~981 655|~30 848|~1801 051|
|NET BOOK VALUE|||||
|At 30June 2023|425,049|~275 739|47,001|747,789|
|At 30June 2022|463,521|~270 742||734,263|
##
||||||GROUP|CHARITY
GROUP|CHARITY|
|---|---|---|---|---|---|---|---|
||||||30.6.23|30.6.23
30.6.22|30.6.23|
||||||E|E
E|E|
|Listed investments
(note||14a)|||1,249,795|1,249,795
1,287,582|1,287,582|
|Investment
properties|(note 14b)||||3,522,889|3,522,889
3,516,460|3,516&460|
|Investment
in subsidiaries|||(note 14c)|||100,002|100,002|
||||||4,772,684|4,872,686
4,804,042|4,904,044|
|TED INVESTMENTS||||||||
|||||||30.6.23|30.6.22|
|GROUP AND CHARITY||||||E|E|
|Market value at 1 July 2022||||||1,233,437||
|Value transferred
in on|1|July 2021|||||1,381,205|
|Additions at cost||||||1,288,823|148,881|
|Disposals at book value||||||(1,548,116)|(192,261)|
|Net unrealised
gains/(losses)||||||274,907|(104,388)|
|Market value at 30June||2023||||1,249,051|1,233,437|
|Cash held by investment||managers||for re-investment|at 30June|2023|54,145|
|||||||1,249,795|1,287,582|
|Cost of listed investments||at 30June 2023||||1,252,034|1,080,334|
|Listed investments
held at|||30June|2023 comprised|the following:|||
|||||||30.6.23|30.6.22|
|GROUP AND CHARITY||||||E|E|
|UK equities||||||1,249,795|299,491|
|UK fixed interest|||||||149,050|
|Overseas equities|||||||567,485|
|Overseas fixed interest|||||||42,855|
|Alternative
assets|||||||174,556|
|||||||1,249,795|1,233,437|
##
##
|FAIR VALUE||
|---|---|
|At 1 July 2022
Additions|3,516,460
~6429|
|At 30June 2023|~3522 889|
|NET BOOKVALUE||
|At 30June 2023|~3522,889|
|At 30June 2022|~3516460|
##
|ISSUED SHARE CAPITAL||
|---|---|
|-Monksoft
Limited (100X)|100,000|
|- Benedomus
Limited
(100X)|2|
||~100002|
|mmary
of the r
below:|esults o|f Monksoft|Limited
and
Benedomus|Limited for the year ended|30 June 2023|
|---|---|---|---|---|---|
|||||Monksoft|Benedomus|
|||||Limited|Limited|
|||||E|E|
|Turnover||||378,618|15,247|
|Cost of sales||||(153,527)||
|Gross profit||||225,091|15,247|
|Administration|and establishment||expenses|(93,644)|(13,247)|
|Finance costs||||(3,445)||
|Operating
profit||||128,002|2,000|
|Gift aid payable||||(128,002)|(2,000)|
|Profit on ordinary activities before|||taxation|||
|Taxation||||||
|Profit for the financial||period||||
||The total net|assets an|d fu|nds of Monksoft
Limited
and Benedomus
|Limited at 30June 2023 are|shown below:|
|---|---|---|---|---|---|---|
||||||Monksoft|Benedomus|
||||||Limited|Limited|
||||||E|E|
||Tangible|fixed assets|||39,250||
||Current|assets|||155,881|10,671|
||Creditors|amounts|falling due within one year||(95,131)|(7,770)|
||Total net assets||||100,000|2,901|
||Capital and reserves||||||
||Called up share capital||||100,000|2|
||Retained|earnings||||2,899|
||Equity interests||||100&000|2,901|
|15.|DEBTORS: AMOUNTS||FALLING DUE WITHIN ONE YEAR||||
||GROUP||||30.6.23|30.6.22|
||||||E|E|
||Accommodation,
retreat,|||and related debtors|94,688|49,500|
||Trade debtors||||1,3'54||
||Other debtors||||17,060|2,827|
||Prepayments|and accrued||income|~14419|27,270|
||||||127,521|~79 597|
||CHARITY||||30.6.23|30.6.22|
||||||E|E|
||Trade debtors||||1,354||
||Amounts
owed by group undertakings||||69,155|132,951|
||Other debtors||||8,025|2,827|
||Prepayments|and accrued||income|14,419|30,270|
||||||92,953|166,048|
##
##
|16.|CREDITORS: AMOUNTS|FA|LL|ING DUE WIT|HIN ONE YEAR|||||
|---|---|---|---|---|---|---|---|---|---|
||GROUP|||||||30.6.23|30.6.22|
|||||||||E|E|
||Trade creditors|||||||13,848|31,184|
||Social security and other taxes|||||||19,389|27,829|
||VAT|||||||7,690||
||Other creditors|||||||12,455|16,239|
||Accruals and deferred|income||||||~86 758|89,224|
|||||||||140,140|~164476|
||CHARITY|||||||30.6.23|30.6.22|
|||||||||E|E|
||Trade creditors|||||||8,410|26,472|
||Social security and other taxes|||||||2,934|9,935|
||VAT|||||||7,690||
||Other creditors|||||||602|5,293|
||Accruals and deferred|income||||||86,758|~135 510|
|||||||||106,394|177,210|
|17.|MOVEMENT
IN FUNDS|||||||||
||GROUP|||||Net||Transfers||
|||||||movement||between|At|
||||||At. 1.7.22|in funds||funds|30.6.23|
||||||E|E||E|E|
||Unrestr(cted
funds|||||||||
||Generalfund||||753&137|223,243||(95&514)|880,866|
||||||753,137|223,243||(95,514)|880,866|
||Designated
funds|||||||||
||Retirement
fund||||4,680,000||||4,680,000|
||Bee-keeping
fund||||1,347|||(1,347)||
||Vaughan
and Benet building|||fund|100,000||||100,000|
||Training
fund||||39,377||(90)||39,287|
||Subsidiary
undertaking
Tangible fixed assets|funds
fund|||58,560
~764 776|~79|173)|5,091
~91 770|63,651
~777 373|
||||||5,644,060|(79,263)||95,514|5,660,311|
||Restricted funds|||||||||
||Friends of Belmont Abbey||fund||12,390||550||12,940|
||Peru Fund||||19,980|(7,767)|||12,213|
||Abbey Church Audio System|||Fund|3,562|(3,562)||||
||North Wing Development||Fund||8,689|5,319|||14,008|
||Ukraine
Fund||||||928||928|
||||||~44 621|~4|532)||~40 089|
||TOTAL FUNDS||||6,441,818|~139448|||6,581,266|
##
##
|Net movement|Net movement|in funds,|included|included|included|in the above are as follows:||||
|---|---|---|---|---|---|---|---|---|---|
|||||||Incoming|Resources|Gains and|Movement|
|||||||resources|expended|losses|in funds|
|||||||E|E|E|E|
|Unrestricted|funds|||||||||
|Generalfund||||||1,037,802|(783,567)|$30,992)|~223 243|
|||||||1,037,802|(783,567)|(30,992)|223,243|
|Designated
funds||||||||||
|Training
fund||||||872|(962)||(90)|
|Tangible fixed||assets fund|||||~79,173)||~79 173)|
|||||||872|(80,135)||(79,263)|
|Restricted funds||||||||||
|Friends of Belmont Abbey||||fund||550|||550|
|Peru Fund||||||40,676|(48,443)||(7,767)|
|Abbey Church||Audio System|||Fund||(3,562)||(3,562)|
|North Wing Development||||Fund||5,319|||5,319|
|Ukraine
Fund||||||11,917|$10,989)||928|
|||||||~58 462|$62,994)||~4,532)|
|TOTAL FUNDS||||||1,097,136|~926 696)|~30,992)|~139 448|
|CHARITY|||||||Net|Transfers||
||||||||movement|between|At|
|||||||At 1.7.22|in funds|funds|30.6.23|
|||||||E|E|E|E|
|Unrestricted|funds|||||||||
|Generalfund||||||860,313|206,401|~85,848)|980,866|
|||||||860,313|206,401|(85,848)|980,866|
|Designated
funds||||||||||
|Retirement
fund||||||4,680,000|||4,680,000|
|Bee-keeping|fund|||||1,347||(1,347)||
|Vaughan
and|Benet building||||fund|100,000|||100,000|
|Training
fund
Tangible fixed||assets fund||||39,377
~734 261|(90)
~73 669)|87,195|39,287
~747 787|
|||||||5,554,985|(73,759)|85,848|5,567,074|
|Restricted funds||||||||||
|Friends of Belmont Abbey||||fund||12,390|550||12,940|
|Peru Fund||||||19,980|(7,767)||12.213|
|Abbey Church||Audio System|||Fund|3,562|(3,562)|||
|North Wing Development||||Fund||8,689|5,319||14,008|
|Ukraine
Fund|||||||928||928|
|||||||44,621|~4532)|||
|TOTAL FUNDS||||||~6459,919|~128 110||~6588 029|
##
##
##
|Net movement|in funds, included|in funds, included|in the above are as follows:||||
|---|---|---|---|---|---|---|
||||Incoming|Resources|Gains and|Movement|
||||resources|expended|losses|in funds|
|Unrestricted
funds|||E|E|E|E|
|Generalfund|||~916078|(678,685)|@30,992)|206,401|
||||916,078|(678,685)|(30,992)|206,401|
|Designated
funds|||E|E|E|E|
|Training
fund|||872|(962)||(90)|
|Tangible fixed|assets fund|||$73,669)||~73 669)|
||||872|(74,631)||(73,759)|
|Restr(cted funds|||||||
|Friends of Belmont Abbey||fund|550|||550|
|Peru Fund|||40,676|(48,443)||(7,767)|
|Abbey Church|Audio System Fund|||(3,562)||(3,562)|
|North Wing Development||Fund|5,319|||5,319|
|Ukraine
Fund|||11,917|@10,989)||928|
||||~58 462|~62 994)||~4532)|
|TOTAL FUNDS|||~975412|{816,310)|~30,992)|128,110|
##
##
##
##
##
##
##
##
##
##
##
##
|The fund b|alances|were represe|nted
by the fog|owing assets a|nd liabilities:|||
|---|---|---|---|---|---|---|---|
||||||Tangible||Total|
||||General|Designated|fixed assets|Restricted|30June|
||||funds|funds|fund|funds|2023|
|GROUP|||E|E|E|E|E|
|Tangible fixed assets|||2||777,373||777,375|
|Investments|||(46,603)|4,819,287|||4,772,684|
|Current assets|||1,067,605|63,651||40,089|1,171,345|
|Creditors:|amounts|falling||||||
|due||||||||
|within
one|year||(140,140)||||(140,140)|
|Total net assets|||880,866|4,882,938|777,373|40,089|6,581,266|
||||||Tangible||Total|
||||General|Designated|fixed assets|Restricted|30June|
||||funds|funds|fund|funds|2023|
|CHARITY|||E|E|E|E|E|
|Tangible fixed assets|||||747,787||747,787|
|Investments|||52,657|4,819,287|||4,871,~|
|Current assets|||1,034,603|||40,089|1,074,692|
|Creditonn|amounts|falling||||||
|due||||||||
|within one|year||(106,394)||||(106,394)|
|Total net assets|||980,866|4,819,287|747,787|40,089|6,588,022|
##
##
##
##
##
##
##
##