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|Council and Trustees/Directors;|Council and Trustees/Directors;|The Right Revd Anthony|The Right Revd Anthony|Robinson (Chairman —appointed|17March 2022)|
|---|---|---|---|---|---|
|||Mrs Mary Speight (Vice Chairman)||||
|||The Revd Prebendary|David Houlding|||
|||Mr Andrew Roberts||||
|||The Venerable
lan Chandler||||
|||The Revd Canon Steven Kirk||||
|||The Revd Canon Kit Dunkley||||
|||The Revd Damian Feeney||||
|||The Revd Grant Naylor||||
|||Mrs Alexandra
Buckingham||||
|||Deacon Sarah Gillard-Faulkner||||
|||The Revd Giles Orton||||
|General Secretary:||The Revd Darren Smith||||
|Registered|Office:|16Commercial
Street||||
|||Birmingham||||
|||Bl 1RS||||
|Bankers:||Bank ofScotland pic||||
|||33Old Broad Street||||
|||London||||
|Investment|Managers:|M&G Charities||||
|||PO Box9038||||
|||Chelm sford||||
|||CM99 2XF||||
|||CCLA||||
|||1 Angel Lane||||
|||London||||
|||EC4R3AB||||
|Independent|Examiner:|Nicholas Simkins FCA||||
|||The Dower House||||
|||Bonehill||||
|||Staffordshire||||
|||B783HX||||
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|SOFA FOR2022||||||Restricted|Unrestricted|Total Funds|Total Funds|
|---|---|---|---|---|---|---|---|---|---|
||||||Note|Funds|Funds|2022|2021|
|INCOME AND ENDOWMENTS FROM:||||||||||
|Voluntary
Income:||||||||||
|Donations||||||67,500|88,739|156,239|175,193|
|Legacies|||||||187,881|187,881|54,643|
|Other|||||||25,971|25,971|25,445|
|Activities to Generate Funds:||||||||||
|Turnover
from sales of|printing
and goods||||||118,315|118,315|92,154|
|Investment
Income|||||||159,014|159,014|143,035|
|Bank Interest Received|||||||13|13|284|
|Other|||||||3,529|3,529|49,602|
|Total Incoming Resources||||||67,500|583,462|650,962|540,356|
|EXPENDITURE ON:||||||||||
|Costs ofgenerating
funds:||||||||||
|Costs ofgenerating
voluntary|||income|||12,500|154,615|167,115|152,921|
|Cost ofgoods and printing||for sales|||||117,525|117,525|109,910|
|Charitable
activities||||||||||
|Grants (including
placement|||grants)|||59,320||59,320|58,960|
|Governance
costs|||||||4,857|4,857|3,465|
|Total Expenditure||||||71,820|276,997|348,817|325,255|
|Net Income/(Expenditure)|before|||gains and losses|on|||||
|investments||||||(4,320)|306,465|302,145|215,101|
|Net (losses)/gains
from investments|||||||(328,605)|(328,605)|630,37]|
|Net Income/(Expenditure)||||||(4,320)|(22,140)|(26,460)|845,472|
|Other recognised
(losses)/gains||||||||||
|Actuarial
(losses)/gains
on defined||||benefit||||||
|Pension scheme|||||13||1,000|1,000||
|Gain on revaluation
offixed assets|||||7||||372,094|
|Net movement
in funds||||||(4,320)|(21,140)|(25,460)|1,217,566|
|Funds Brought Forward||||||33,247|5,862,715|5,895,962|4,678,396|
|Total Incoming Resources||||||28,927|5,841,575|5,870,502|5,895,962|
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|COMPARATIVE SOFA|FOR 2021|FOR 2021|FOR 2021|Note|Restricted|Unrestricted|Total Funds|Total Funds|
|---|---|---|---|---|---|---|---|---|
||||||Funds|Funds|2021|2020|
|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 Generate Funds:|||||||||
|Turnover
from sales of|printing
and goods|||||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 ofgoods and printing for sales||||||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|168,618|
|Net (losses)/gains
fiom 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||||13||||(1,000)|
|Gain on revaluation offixed assets||||7||372,094|372,094||
|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|
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||||||2022||2021||
|---|---|---|---|---|---|---|---|---|
||||Note||||||
|FIXEDASSETS|||||||||
|Tangible assets||||||1,070,023||1,107,125|
|Investments||||||4,612,273||4,685,231|
|||||||5,682,296||5,792,356|
|CURRENT ASSETS|||||||||
|Debtors|||9|16,128|||48,874||
|Cash at Bank and in|Hand|||183,076|||68,668||
|||||199,204|||117,542||
|CREDITORS: Amounts||falling|||||||
|due within one year|||10|(10,998)|||(11,936)||
|||||||188,206||105,606|
|Net Assets excluding|pension liability|||||5,870,502||5,897,962|
|Defined benefit pension scheme liability|||13|||||(2,000)|
|Net Assets||||||5,870,502||5,895,962|
|FUNDS|||||||||
|Restricted Funds|||15/16|||28,927||33,247|
|Unrestricted
Funds|||15/16|||5,841,575||5,862,715|
|Net Assets||||||5,870,502||5,895,962|
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|||||||2022f|2021|
|---|---|---|---|---|---|---|---|
|Cash flows from operating activities:||||||||
|Net income/(expenditure)
for the|reporting||period|||(25,460)|1,217,566|
|Adjustments
for:||||||||
|Depreciation
charges||||||37,102|37,102|
|Losses/(Gains)
on investments||||||328,605|(630,371)|
|Pension fund movements||||||(2,000)|(2,000)|
|Dividends,
interest
and rents from investments||||||(159,027)|(143,319)|
|(Increase)/Decrease
in debtors||||||32,747|(36,934)|
|Increase/(Decrease)
in creditors||||||(942)|(4,143)|
|Losses/(Gains)
on fixed assets|||||||(372,094)|
|Net cash provided
by operating|activities|||||211,025|65,807|
|Cash flows from investing
activities:||||||||
|Dividends
and interest from investments||||||159,027|143,319|
|Proceeds on disposal ofinvestments||||||352,194|150,000|
|Purchase offixed assets
Purchase ofinvestments||||||(552,194)|(64,689)
(460,000)|
|Net cash provided
by/(used
in)|investing||activities|||(40,973)|(231,370)|
|Change in cash and cash equivalents||in the ieporting|||period|170,052|(165,563)|
|Cash and cash equivalents
at the|beginning||ofthe period|||127,774|293,337|
|Cash and cash equivalents
at the end||ofthe reporting|||period|297,826|127,774|
|Cash and cash equivalents
at the|end of|the|reporting|period comprises:||||
|Cash at bank and in hand||||||183,076|68,668|
|Cash held on investment||||||114,750|59,106|
|||||||297,826|127,774|
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|||||2022||2021||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Unrestricted|Restricted|
|Institutional||grants|made for the support ofclergy: 2||22,000|12,000|20,000|
|(2021:3)||||||||
|Parochial|Church||Councils —16(2021:14)||37,320|26,960||
||||||59,320|38,960|20,000|
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|||||Voluntary|Printing,|Total|Voluntary|Printing,|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||Income|Activities|2022|Income|Activities|2021|
||||||allil|||and||
||||||purchases|||purchases||
||||||for re-sale|||for re-sale||
|Organising
expenses||||11,921||11,921|8,292||8,292|
|Staffcosts||||79,349|29,668|109,017|76,448|28,611|105,059|
|Costs ofprinting||activities and|||58,243|58,243||58,1]3|58,113|
|goods for sale||||||||||
|General office expenses||||17,155|8,577|25,732|17,101|8,550|25,651|
|Postage||||1,743|15,690|17,433|1,181|10,633|11,814|
|Telephone||||1,558|3,118|4,675|977|1,954|2,931|
|Gas, electricity and|||water|2,725|2,229|4,954|2,504|2,049|4,553|
|Professional|fees|and bank||1,729||1,729|1,453||1,453|
|charges||||||||||
|Property repairs and|||expenses|4,906||4,906|6,939||6,939|
|Vocations||||8,927||8,927|924||924|
|Depreciation:||||||||||
|Freehold|property|||13,200||13,200|13,200||13,200|
|Leasehold|property|||2,747||2,747|2,747||2,747|
|Office furniture|||and|21,155||21,155|21,155||21,155|
|equipment||||||||||
|||||167,115|117,525|284,640|152,921|109,910|262,831|
||||2022|2021|
|---|---|---|---|---|
|Independent|Examination||3,570|3,465|
|Council Meeting and members||expenses|1,287||
||||4,857|3,465|
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|STAFFCOSTS|||||
|---|---|---|---|---|
||||2022|2021|
|Wages and Salaries (including|benefits|in kind)|95,188|91,092|
|Social Security Costs|||4,664|5,444|
|Pension Costs|||9,165|10,523|
||||109,017|107,059|
|||||2022|2021|
|---|---|---|---|---|---|
|||||No|No|
|Support|ofthe|charitable|activities|1|1|
|Tmdl11g||||2|2|
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|7.|TANGIBLE FIXEDASSETS|TANGIBLE FIXEDASSETS|||||
|---|---|---|---|---|---|---|
||||Leasehold|Freehold|Furniture
Ch|Total|
||||Property|Property|Equipment||
||||8||||
||COST||||||
||I October 2021||395,500|660,000|210,345|1,265,845|
||Additions||||||
||Revaluation||||||
||30September 2022||395,500|660,000|210,345|1,265,845|
||ACCUMULATED|DEPRECIATION|||||
||I October 2021||11,675|52,490|94,555|158,720|
||Charge for the year||2,747|13,200|21,155|37,102|
||Disposal||||||
||30September 2022||14,422|65,690|115,710|195,822|
||NET BOOK VALUE||||||
||30September 2022||381,078|594,310|94,635|1,070,023|
||30September 2021||383,825|607,510|115,790|1,107,125|
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|8.|INVESTMENTS|||
|---|---|---|---|
|||2022|2021|
||LISTED INVESTMENTS:|||
||Market value at 1 October|4,626,126|3,535,754|
||Acquisitions
at cost|552,194|460,000|
||Sales proceeds for disposals|(352,194)||
||(Loss)Igains in the year|(328,605)|630,372|
||Market value at 30September|4,497,521|4,626,126|
||Cash held for investments|114,752|59,105|
|||114,752|59,105|
||Total as at 30September|4,612,273|4,685,231|
|||2022|2021|
||The historic costofinvestments|3,201,538|2,715,512|
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|9.|DEBTORS|||||
|---|---|---|---|---|---|
|||||2022|2021|
||Trade debtors|||6,559|4,395|
||Prepayments|||3,898|3,622|
||Legacies receivable||||33,000|
||Other debtors|||5,671|7,767|
|||||16,128|48,874|
|10.|CREDITORS: Amounts||falling due within one year|||
|||||2022|2021|
||Accruals|||10,998|11,936|
|||||10,998|11,936|
|11.|FINANCIAL|COMMITMENTS||||
||C~itC C|it||||
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|OPERATING LEASES|||
|---|---|---|
||2022|2021|
|Within one year|5,636|4,181|
|Between two and five years|6,078|4,876|
|More than five years|||
||11,714|9,057|
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|||||2022|2021|
|---|---|---|---|---|---|
||||||f.|
|Balance|as at I October|||2,000|4,000|
|Deficit contribution
paid||||(1,000)|(2,000)|
|Actuarial|(gains)/losses|recognised|through SoFA|(1,000)||
|Balance|as at 30September||||2,000|
|since pensionable
stipends|for the remainder o|fthe recovery plan wer|e already known.|||
|---|---|---|---|---|---|
|||2022|2021|2020|2019|
|||'/o p.a.|'/o p.a.|o/o p.a|o/o p.a.|
|Discount rate||n/a|0.0|0.2|1.4|
|Price inflation||n/a|n/a|3.1|8.0|
|Increase to total pensionable|payroll|n/a|-1.5|1.6|1.5|
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|ANALYSIS OFNET ASSETSBETWEEN FUNDS|||||
|---|---|---|---|---|
|||Restricted|Unrestricted|Total|
|||Funds|Funds||
|Tangible Fixed Assets|||1,070,023|1,070,023|
|Investments|||4,612,273|4,612,273|
|Current Assets||28,927|170,277|199,204|
|Current Liabilities|||(10,998)|(10,998)|
|Pension Liability|||||
|||28,927|5,841,575|5,870,502|
|FUNDS|||||
||Balance at
IOct 2021|Incoming
Resources|Outgoing
Resources|Balance at
30Sep 2022|
|Restricted|||||
|Grants and Vocations|9,845|55,000|(59,320)|5,525|
|StAnne's, Derby|23,402|||23,402|
|Confraternity
ofthe Blessed Sacrament||12,500|(12,500)||
||33,247|67,500|(71,$20)|28,927|
|Unrestricted
funds||
|---|---|
|At 1 October 2021|5,862,715|
|Incoming resources|583,462|
|Outgoing
resources|(276,997)|
|Other gains/(tosses)|(327,605)|
|At 30September 2022|5,841,575|
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|||Balance at|Movement|Balance at|
|---|---|---|---|---|
|||1Oct 2021|in year|30Sep 2022|
|Unrestricted|funds||||
|Revaluation|reserve for f'reehold property|372,094||372,094|
|General fund||5,490,621|(21,140)|5,469,481|
|||5,862,715|(21,140)|5i841,575|
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