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|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|
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|||||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|
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||||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|
##
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##
||||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|
##
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##
##
||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.||||||
##