2021-12-31-accounts

Staff
Director				Lucie Carayon BA MA FRSA IHBC
Assistant	Director			Alison Du Cane BA
Caseworker				Ross Anthony BTP	MEM (UNSW)
Marketing		&Communications	Officer	Stefanie Turza (from April 2021)
Services	Broughtln
Ecclesiastical Caseworker				Matthew Saunders	MBE MA FSA IHBC
Newsletter		Editor		Matthew Saunders	(until July 2021)
Magazine		Editor		Paul Holden MA FSA (from August 2021)
Secretarial		Assistance		Caroline Welch BA	MSc (until July 2021)
Auditor				Xeinadin Audit Limited
				2 Hilliards Court
				Chester Business Park
				Chester
				Cheshire
				CH4 9PX
Bankers				HSBC
				60 Queen Victoria Street
				London
				EC4N 4TR
Investment		advisors		J.M.Finn and Co
				4 Coleman Street
				London
				EC2R 5TA

		Page
Trustees' report		1-6
Statement ofTrustees'	responsibilities
Independent auditor's	report	8- 11
Statement offinancial	activities	12
Balance sheet		13
Statement ofcash flows		14
Notes to the financial	statements	15-26

				Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
				funds	funds		funds	funds
			Notes	2021 f	2021 6	2021	2020 5	2020f	2020 8
Income from:
Donations and	legacies		3	301,899		301,899	705,256		705,256
Charitable activities			4		43,478	43,478		43,291	43,291
Other trading activities			5	1,346		1,346	429		429
Investments			6	55,110		55,110	56,607		56,607
Total income				358,355	43,478	401,833	762,292	43,291	805,583
~E* dil
Raising funds			7	15,437		15,437	12,850		12,850
Charitable activities			8	177,530	43,478	221,008	78,069	43,291	121,360
Total expenditure				192,967	43,478	236,445	90,919	43,291	134,210
Net gains/(losses)		on
investments			12	188,887		188,887	83,488		83,488
Net movement	in	funds		354,275		354,275	754,861		754,861
Fund balances	at 1 January
2021				2,730,946		2,730,946	1,976,085		1,976,085
Fund balances	at	31
December 2021				3,085,221		3,085,221	2,730,946		2,730,946

					2021		2020
				Notes	f		6
Fixed assets
Tangible assets				13		1,021		405
Investment	properties			14		425,000		425,000
Investments				15		2,281,248		1,507,568
						2,707,269		1,932,973
Current assets
Debtors				16	45,724		31,407
Cash at bank and		in	hand		362,576		789,418
					408,300		820,825
Creditors:	amounts		falling due within
one year				17	(30,348)		(22,852)
Net current	assets					377,952		797,973
Total assets less		current liabilities				3,085,221		2,730,946
Income funds
Unrestricted	funds
Designated	funds			19	8,600		8,600
General unrestricted			funds		3,076,621		2,722,346
						3,085,221		2,730,946
						3,085,221		2,730,946

				2021		2020
			Notes	8		8
Cash flows from operating		activities
Cash generated from operations			23		103,862		581,841
Investing	activities
Purchase	oftangible fixed assets			(1,021)		(538)
Purchase	of investments			(654,826)		(124,707)
Proceeds	on disposal of investments			70,033		141,264
Investment	income received			55,110		56,607
Net cash	(used in)/generated	from
investing	activities				(530,704)		72,626
Net cash	used in financing	activities
Net (decrease)/increase in		cash and cash
equivalents					(426,842)		654,467
Cash and	cash equivalents at beginning		ofyear		789,418		134,951
Cash and	cash equivalents	at end ofyear			362,576		789,418

			Unrestricted	Unrestricted
			funds	funds
			2021	2020
			0	f
Donations	and	gift aid	15,670	10,098
Legacies	receivable		250,192	653,854
Subscrlptions		- Annual	32,432	35,094
Subscriptions		- Life	3,605	6,210
			301,899	705,256
Charitable	activities
			2021	2020
			8	8
Grants receivable			43,478	43,291

			Unrestricted	Unrestricted
			funds	funds
			2021	2020
			8
Publishers licence fees			888	375
Sale of publications			54	54
Other income			308
Income from	annual	lecture and study visits	96
Other trading	activities		1,346	429

		Unrestricted	Unrestricted
		funds	funds
		2021 6	2020f
Rental	income	11,700	11,700
Income	from listed investments	43,404	44,796
Interest	receivable	6	111
		55,110	56,607

Investment	management fees
Investment	property costs

Unrestricted	Unrestricted
funds	funds
2021	2020
5	8
12,750	7,984
2,687	4,866
15,437	12,850

				2021f	2020 f
Staff costs				96,755	66,208
Depreciation and		impairment		405	231
Premises				6,360	5,478
Insurance				2,129	1,538
Telephone				1,469	1,619
Postage and stationery				1,537	3,467
Website and ITcosts				4,235	t,eee
Stalftravel	expenses				408
Typing services				1,000	1,500
Representations		of Charity		678	326
Joint committee				400
Journal				9,621	10,048
Magazine				18,107	10,957
Works of	reference			787	978
Sundries				1,267	1,046
Casework	costs			9,600	5,970
Famham	costs			582	911
Rebranding costs				59,110
				214,042	112,370
Share of	support	costs (see note 9)		808	788
Share of	governance		costs (see note 9)	6,158	8,202
				221,008	121,360
Analysis	by fund
unrestricted funds				177,530	78,069
Restricted	funds			43,478	43,291
				221,008	121,360

9	Support costs	Support costs
				Support	Governance	2021Support costs		Governance	2020
				costs	costs			costs
					f			6
	Bank charges			808		808	788		788
	Audit fees				4,410	4,410		4,800	4,800
	Legalfees							931	931
	AGM costs				732	732		170	170
	Trustees'	expenses	&
	room hire				981	981		2,206	2,206
	Sundries				35	35		95	95
				808	6,158	6,966	788	8,202	8,990
	Analysed	between
	Charitable	activities		808	6,158	6,966	788	8,202	8,990

The average	monthly number ofemployees during th	e year was:
		2021	2020
		Number	Number
Administration
Other
Total
Employment	costs	2021	2020
		6	6
Wages and	salaries	87,978	59,666
Social security costs		3,350	2,417
Other pension costs		5,427	4,125
		96,755	66,208

			Unrestricted	Unrestricted
			funds	funds
			2021	2020
			6	f
Revaluation	of	investments	186,474	120,579
Gain/(loss)	on	sale of investments	2,413	(37,091)
			188,887	83,488

13	Tangible fixed assets
			Vestry Hall	Office	Total
			Officef	equipment 6
	Cost
	At 1 January 2021		26,000	13,307	39,307
	Additions			1,021	1,021
	At 31 December 2021		26,000	14,328	40,328
	Depreciation and impairment
	At 1 January 2021		25,999	12,903	38,902
	Depreciation charged	in the year		405	405
	At 31 December 2021		25,999	13,308	39,307
	Carrying amount
	At 31 December 2021		1	1,020	1,021
	At 31 December 2020		1	404	405

investment property
	2021
	F
Fair value
At 1 January 2021 and 31 December 2021	425,000

	Listed
	investments
	5
Cost or valuation
At 1 January 2021	1,507,568
Additions	654,826
Valuation changes	186,474
Disposals	(67,620)
At 31 December 2021	2,281,248
Carrying amount
At 31 December 2021	2,281,248
At 31 December 2020	1,507,568

Debtors
		2021	2020
Amounts falling due within one year:			8
Other debtors		40,565	28,655
Prepayments	and accrued income	5,159	2,752
		45,724	31,407

Creditors: amounts f	alling due within one year
		2021	2020f
Other taxation and social security			483
Other creditors		9,241	7,093
Accruals and deferred	income	21,107	15,276
		30,348	22,852

			Movement	Movement	in funds
		Balance at	Incoming			Balance at
		1 January	resources	Resources		31 December
		2021f	f	expended		2021
Historic England	re casework		41,397		(41,397)
Cadw rs casework			2,081		(2,081)
			43,478		(43,478)

		Balance at	Incoming		Balance at
		1 January	resources	Resources	31 December
		2020		expended	2020
		f		f	f
Historic England	re casework		41,220	(41,220)
Cadw re casework			2,071	(2,071)
			43,291	(43,291)

								Movement		Movement
								in funds		In funds
							Balance at	Incoming	Balance at	Incoming	Balance at
							1 January 2020	resoui'ces	1January	resources	31 December
									2021		2021
									f		f.
	Vestry Hall		Refurbishment				6,137		6,137		6,137
	Investment		Property	Fabric Fund			2,463		2,463		2,463
							8,600		8,600		8,600
20	Analysis	ofnet assets			between	funds
					Unrestricted		Restricted	Total	Unrestricted	Restricted	Total
							funds			funds
							2021f	2021 f	2020 f	2020 f	2020 f
	Fund balances at 31
	December		2021 are
	represented		by:
	Tangible assets					1,021		1,021	405		405
	Investment		properties		425,000			425,000	425,000		425,000
	Investments				2,281,248			2,281,248	1,507,568		1,507,568
	Current assets/(liabilities)
					377,952			377,952	797,973		797,973
					3,085,221			3,085,221	2,730,946		2,730,946

2021 F	2020f
	3,094

23	Cash generated from	operations	operations				2021	2020
							6	6
	Surplus for the year						354,275	754,861
	Adjustments for:
	Investment income recognised		in statement		offinancial	activities	(55,110)	(56,607)
	(Gain)/loss on disposal	ofinvestments					(2,413)	37,091
	Fair value gains and losses on		investments				(186,474)	(120,579)
	Depreciation and impairment oftangible			fixed assets			405	231
	Movements in working	capital:
	(Increase) in debtors						(14,317)	(16,772)
	Increase/(decrease) in	creditors					7,496	(16,384)
	Cash generated from	operations					103,862	581,841
24	Analysis ofchanges	in net funds
	The Charity had no debt during		the year.