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|Council and Trustees/Directors:|Council and Trustees/Directors:|The Revd Prebendary|David Houlding|David Houlding|(Chairman)|
|---|---|---|---|---|---|
|||Mrs Mary Speight
(Vice||Chairman)||
|||The Right Revd Anthony||Robinson||
|||The Venerable Ian Chandler||||
|||The Revd Canon Steven Kirk||||
|||The Revd Canon Kit Dunkley||||
|||The Revd Damian Feeney||||
|||The Revd Grant Naylor||||
|||Mrs Alexandra
Buckingham||||
|||Mr Andrew Roberts||||
|||Deacon Sarah Gillard-Faulkner||||
|||The Revd Giles Otton||||
|General Secretary:||The Revd Canon Darren Smith||||
|Registered|Office:|16Commercial
Street||||
|||Birmingham||||
|||Bl 1RS||||
|Bankers:||Bank ofScotland pic||||
|||55Temple Row||||
|||Birmingham||||
|||B25LS||||
|Investment|Managers:|M&GCharities||||
|||PO Box9038||||
|||Chelmsford||||
|||CM992XF||||
|||CCLA||||
|||Senator House||||
|||85Queen Victoria Street||||
|||London||||
|||EC4V 4ET||||
|Independent|Examiner:|Nicholas Simkins FCA||||
|||The Dower House||||
|||Bonehill||||
|||Staffordshire||||
|||B783HX||||
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|SOFA FOR 2021||||||Restricted|Unrestricted|Total Funds|Total Funds|
|---|---|---|---|---|---|---|---|---|---|
||||||Note|Funds|Funds|2021|2020|
|||||||||g||
|INCOME AND ENDOWMENTS FROM:||||||||||
|Voluntary
Income:||||||||||
|Donations||||||12,000|163,193|175,193|170,059|
|Legacies|||||||54,643|54,643||
|Other|||||||25,445|25,445|14,775|
|Activities to Genemte|Funds:|||||||||
|Turnover
trom trading||activities|||||92,154|92,154|95,864|
|Investment
Income|||||||143,035|143,035|142,581|
|Bank Interest Received|||||||284|284|381|
|Other|||||||49,602|49,602|39,353|
|Total Incoming Resources||||||12,000|528,356|540,356|463,013|
|EXPENDITURE ON:||||||||||
|Costs ofgenerating
funds:||||||||||
|Costs ofgenerating|voluntary|||income||12,000|140,921|152,921|107,270|
|Cost oftrading activities|||||||109,910|109,910|126,131|
|Charitable
activities||||||||||
|Grants (including
placement|||grants)|||20,000|38,960|58,960|56,457|
|Governance
costs|||||||3,465|3,465|4,537|
|Total Expenditure||||||32,000|293,255|325,255|294,395|
|Net Income/(Expenditure)||before||gains and losses|on|||||
|investments||||||(20,000)|235,101|215,101|162,973|
|Net (losses)/gains
from|investments||||||630,371|630,371|(228,304)|
|Net Income/(Expenditure)||||||(20,000)|865,472|845,472|(59,686)|
|Other recognised
(losses)/gains||||||||||
|Actuarial
(losses)/gains|on defined|||benefit||||||
|Pension scheme
Gain on revaluation offixed assets|||||13
7||372,094|372,094|(1,000)|
|Net movement
in funds||||||(20,000)|1,237,566|1,217,566|(60,686)|
|Funds Brought Forward||||||53,247|4,625,149|4,678,396|4,739,082|
|Total Incoming Resources||||||33,247|5,862,715|5,895,962|4,678,396|
|The notes on pages 13to|24 form||part ofthese financial statements.|||||||
|COMPARATIVE SOFA 2020|COMPARATIVE SOFA 2020|COMPARATIVE SOFA 2020|COMPARATIVE SOFA 2020||Restricted|Unrestricted|Total Funds|Total Funds|
|---|---|---|---|---|---|---|---|---|
|||||Note|Funds|Funds|2020|2019|
|||||||g|g||
|INCOME AND ENDOWMENTS FROM:|||||||||
|Voluntary
Income:|||||||||
|Donations|||||87,000|83,059|170,059|186,613|
|Legacies||||||||100,829|
|Other|||||4,500|10,275|14,775|11,820|
|Activities to Genemte|Funds:||||||||
|Turnover
from trading||activities||||95,864|95,864|149,438|
|Investment
Income||||||142,581|142,581|135,485|
|Bank Interest Received||||||381|381|147|
|Other||||||39,353|39,353||
|Total Incoming Resources|||||91,500|371,513|463,013|580,332|
|EXPENDITURE ON:|||||||||
|Costs ofgenerating
funds:|||||||||
|Costs ofgenerating|voluntary||income||16,500|90,770|107,270|151,823|
|Cost oftrading activities||||||126,131|126,131|172,491|
|Charitable
activities|||||||||
|Grants (including
placement|||grants)||56,457||56,457|87,695|
|Governance
costs||||||4,537|4,537|5,350|
|Total Expenditure|||||72,957|221,438|294,395|417,359|
|Net Income/(Expenditure)||before gains and|||||||
|losses on investments|||||18,543|150,075|168,618|162,973|
|Net (losses)/gains
&om|investments|||||(228,304)|(228,304)|149,337|
|Net Income/(Expenditure)|||||18,543|(78,229)|(59,686)|312,310|
|Other recognised
(tosses)/gains|||||||||
|Actuarial
(losses)/gains|on defined benefit||||||||
|Pension scheme||||13||(1,000)|(1,000)|10,000|
|Net movement
in funds|||||18,543|(79,229)|(60,686)|322,310|
|Funds Brought Forward|||||34,704|4,704,378|4,739,082|4,416,772|
|Total Incoming Resources|||||53,247|4,625,149|4,678,396|4,739,082|
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||||||2021|2020|
|---|---|---|---|---|---|---|
|Cash flows from operating
activities:|||||||
|Net income/(expenditure)
for the reporting||period|||1,217,566|(60,685)|
|Adjustments
for:|||||||
|Depreciation
charges|||||37,102|26,058|
|Losses/(Gains)
on investments|||||(630,371)|228,304|
|Pension fund movements|||||(2,000)|(2,000)|
|Dividends,
interest and rents &om investments|||||(143,319)|(142,962)|
|(Increase)/Decrease
in debtors|||||(36,934)|15,072|
|Increase/(Decrease)
in creditors|||||(4,143)|(12,059)|
|Losses/(Gains)
on fixed assets|||||(372,094)||
|Net cash provided
by operating
activities|||||65,807|51,727|
|Cash flows from investing
activities:|||||||
|Dividends
and interest from investments|||||143,319|142,962|
|Proceeds on disposal ofinvestments|||||150,000|279,538|
|Purchase offixed assets
Purchase ofinvestments|||||(64,689)
(460,000)|(131,084)
(279,538)|
|Net cash provided
by/(used
in) investing||activities|||(231,370)|11,878|
|Change in cash and cash equivalents|in the reporting|||period|(165,563)|63,605|
|Cash and cash equivalents
at the beginning||ofthe period|||293,337|229,732|
|Cash and cash equivalents
at the end|ofthe reporting|||period|127,774|293,337|
|Cash and cash equivalents
at the end of|the|reporting|period comprises:||||
|Cash at bank snd in hand|||||68,668|98,996|
|Cash held on investment|||||59,106|194,341|
||||||127,774|293,337|
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|Freehold|residential|property|2'/o|
|---|---|---|---|
|Leasehold|office building||Lifeoflease|
|Office furniture
and||equipment|10'/o|
|Computer|equipment||20'/a|
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||||2021||2020||
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Unrestricted|Restricted|
|Institutional
(2020:4)|grants made for the support ofclergy:|3|12,000|20,000||37,000|
|Parochial Church Councils —14(2020:13)|||26,960|||19,457|
||||38,960|20,000||56,457|
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|||||Voluntary|Printing,|Total|Voluntary|Printing,|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||Income|Activities|2021|Income|Activities|2020|
||||||and|||and||
||||||purchases|||purchases||
||||||for re-sale|||for re-sale||
|Organising
expenses||||8,292||8,292|11,099||11,099|
|Staffcosts||||76,448|28,611|105,059|47,837|54,354|102,191|
|Costs ofprinting
activities and|||||58,113|58,113||52,632|52,632|
|goods for sale||||||||||
|General office||expenses||17,101|8,550|25,651|3,671|1,835|5,506|
|Postage||||1,181|10,633|11,814|1,224|11,018|12,242|
|Telephone||||977|1,954|2,931|1,613|3,226|4,839|
|Gas, electricity||and|water|2,504|2,049|4,553|3,747|3,066|6,813|
|Professional|fees and bank|||1,453||1,453|2,121||2,121|
|charges||||||||||
|Property repairs and|||expenses|6,940||6,940|9,753||9,753|
|Vocations||||924||924|147||147|
|Depreciation:||||||||||
|Freehold|property|||13,200||13,200|2,157||2,157|
|Leasehold|property|||2,747||2,747|2,747||2,747|
|Office furniture|||and|21,155||21,155|21,154||21,154|
|equipment||||||||||
|||||152,921|109,910|262,831|107,270|126,131|233,401|
##
||||2021|2020|
|---|---|---|---|---|
|Independent|Examination||3,465|3,300|
|Council Meeting and members||expenses||1,237|
||||3,465|4,537|
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|STAFFCOSTS||||
|---|---|---|---|
|||2021|2020|
|Wages and Salaries (including|benefits in kind)|91,092|90,228|
|Social Security Costs||5,444|4,641|
|Pension Costs||10,523|7,322|
|||107,059|102,191|
|||2021|2020|
|---|---|---|---|
|||No|No|
|Support ofthe charitable|activities|1|1|
|Tradmg||2|2|
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|Original|value ofproperty|f107,825|
|---|---|---|
|Additions||5180,080|
|Revaluation
uplifi||5372,095|
|Revalued|amount|Z660,000|
##
|8.|INVESTMKNTS|||
|---|---|---|---|
|||2021|2020|
||LISTEDINVESTMENTS:|||
||Market value at 1 October|3,535,754|3,764,058|
||Acquisitions
at cost|460,000|279,538|
||Sales proceeds for disposals
(Loss)Igains in the year|630,372|(279,538)
(228,304)|
||Market value at 30 September|4,626,126|3,535,754|
||National
Savings Income Bonds||150,000|
||Cash held for investments|59,105|194,341|
|||59,105|344,341|
||Total as at 30 September|4,685,231|3,880,095|
|||2021|2020|
|||g|g|
||The historic costofinvestments|2,715,512|2,405,512|
|Investme|nts
in individual
entities held at 30|September 2021 which are over 5%ofp|ortfolio by value
are:|
|---|---|---|---|
|88,717|M&G Charifund
Income Units||1,364,012|
|89,366|CBFChurch ofEngland Investment|Fund Income Units|1,975,561|
|51,223|CBFChurch ofEngland Investment|Fund Income Shares|1,132,370|
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|9.|DEBTORS||||
|---|---|---|---|---|
||||2021|2020|
||Trade debtors||4,395|4,395|
||Prepayments||3,622|3,209|
||Legacies receivable||33,000||
||Other debtors||7,767|4,338|
||||48,874|11,942|
|10.|CREDITORS: Amounts|falling due within one year|||
||||2020|2019|
||||g||
||Trade creditors|||23|
||Accrnals||11,937|16,057|
||||11,937|16,080|
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||2021|2020|
|---|---|---|
||g||
|Within one year|4,181|3,168|
|Between two and five years|4,876|4,752|
|More than five years|||
||9,057|7,920|
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||||||2021|2020|
|---|---|---|---|---|---|---|
||||||g||
|Balance|as at 1 October||||4,000|6,000|
|Deficit contribution
paid|||||(2,000)|(3,000)|
|Actuarial|(gains)/losses|recognised|through|SoFA||1,000|
|Balance|as at 30 September||||2,000|4,000|
|||2021|2020|2019|2018|
|---|---|---|---|---|---|
|||'/o p.a.|'/o p.a|'/o p.a.|'/o p.a.|
|Discount rate||0.0'/o|0.2|1.4|1.5|
|Price inflation||n/a|3.1|8.0|3.1|
|Increase to total pensionable|payroll|-1.5O/o|1.6|1.5|1.6|
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||||||||
|---|---|---|---|---|---|---|
|15.|ANALYSIS|OFNKT ASSETSBETWEEN FUNDS|||||
|||||Restricted|Unrestricted|Total|
|||||Funds|Funds||
|||||g|||
||Tangible Fixed Assets||||1,107,125|1,107,125|
||Invesnnents||||4,685,231|4,485,231|
||Current Assets|||33,247|84,296|117,543|
||Current Liabilities||||(11,937)|(11,937)|
||Pension Liability||||(2,000)|(2,000)|
|||||33,247|5,862,715|5,895,962|
|16.|FUNDS||||||
||||Balance at|Incoming|Outgoing|Balance at|
||||1Oct 2020|Resources|Resources|30Sep 2021|
||||||5||
||Restricted||||||
||Grants and Vocations||9,845|||9,845|
||StAnne's, Derby||23,402|||23,402|
||Confraternity|ofthe Blessed Sacrament|20,000|12,000|(32,000)||
||||53,247|12,000|32,000|33,247|
|Unrestricted
funds|g|
|---|---|
|At 1 October 2020|4,625,149|
|Incoming resources|528,356|
|Outgoing
resources|(293,255)|
|Other gains/(losses)|1,002,465|
|At 30September 2021|5,862,715|
##
|||Balance at|Movement|Balance at|
|---|---|---|---|---|
|||1Oct 2020|in year|30Sep 2021|
|||8|||
|Unrestricted|funds||||
|Revaluation|reserve for freehold property||372,094|372,094|
|General fund||4,625,149|865,472|5,490,621|
|||4,625,149|1,235,566|5,862,715|
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