| Trustee's report | 1to 15 | |
|---|---|---|
| Legal and administrative | information | 16to 17 |
| Statement ofTrustee's | Responsibilities | |
| Independent Auditors' |
Report | 19to 22 |
| Statement of Financial | Activities | 23to 24 |
| Balance Sheet | 25 | |
| Statement of Cash Flows | 26 | |
| Notes to the accounts | 27to 52 |
| Legal and administrative | Legal and administrative | information | |
|---|---|---|---|
| Principal Office | The Parish Office | ||
| 12Colston Parade | |||
| Redcliffe | |||
| Bristol | |||
| BS16RA | |||
| Solicitors | J Pyrke | ||
| Shakespeare Martineau |
|||
| 6Queen Square | |||
| Bristol | |||
| BS14JE | |||
| Stockbroker | I Richley | ||
| Evelyn Partners | |||
| Portwall Place |
|||
| Bristol | |||
| BS16NA | |||
| Auditor | Burton Sweet | Limited | |
| The Clock Tower | |||
| 5 Farleigh Court | |||
| Old Western | Road | ||
| Flax Bourton | |||
| Bristol | |||
| BS481UR |
| St Mary Redcliffe Church | St Mary Redcliffe Church | Lands Charity | ||
|---|---|---|---|---|
| Legal and administrative | information | |||
| Accountant | E Corrigan | |||
| Corrigan Accountants | Limited | |||
| First Floor | ||||
| 25 King Street | ||||
| Bristol | ||||
| BS14PB | ||||
| Honorary | Surveyor | N Cussen | ||
| Chartered Surveyor |
||||
| 8 Pembroke | Vale | |||
| Bristol | ||||
| BS83DN | ||||
| Bankers | CAF Bank Ltd | |||
| 25 Kings Hill | Avenue | |||
| West Mailing | ||||
| Kent | ||||
| ME19 4TA | ||||
| Insurance | Broker | Marsh Commercial | ||
| Castlemead | ||||
| Lower Castle | Street | |||
| Bristol | ||||
| BS13AG |
| Year | 9months | ||||||
|---|---|---|---|---|---|---|---|
| ended 31 | ended 31 | ||||||
| Unrestricted | Restricted | Endowment | December | December | |||
| funds | funds | funds | 2022 | 2021 | |||
| Note | f | f | E | f | E | ||
| Income from: | |||||||
| Quoted investments | 587,133 | 80,587 | 667,720 | 462,130 | |||
| Investment properties |
241,518 | 241,518 | 147,440 | ||||
| Tota I Income | 828,651 | 80,587 | 909,238 | 609,570 | |||
| Expenditure on: |
|||||||
| Raising funds | |||||||
| Investment management |
|||||||
| costs | 4 | (30,435) | (5,947) | (47,969) | (84,351) | (66,541) | |
| Charitable activities |
|||||||
| Maintaining fabric and |
|||||||
| facilities ofSt Mary Redcliffe | |||||||
| Church | 5 | (452,036) | (15,050) | (467,086) | (191,529) | ||
| Total expenditure | (482,471) | (5,947) | (63,019) | (551,437) | (258,070) | ||
| Gains/losses on investments |
8 | (78,502) | (123,272) | (938,489) | (1,140,263) | 1,266,486 | |
| Net income/ (expenditure) | 7 | 267,678 | (48,632) | (1,001,508) | (782,462) | 1,617,986 | |
| Transfer between funds |
(7,676) | 884 | 6,792 | ||||
| Gains/losses on revaluation |
of | ||||||
| fixed assets | 143,334 | 143,334 | |||||
| Net movement in funds |
260,002 | (47,748) | (851,382) | (639,128) | 1,617,986 | ||
| Reconciliation offunds |
|||||||
| Fund balances brought | |||||||
| forward | 16 | 3,118,755 | 2,023,350 | 20,750,390 | 25,892,495 | 24,274,509 | |
| Fund balances carried | |||||||
| forward | 3,378,757 | 1,975,602 | 19,899,008 | 25,253,367 | 25,892,495 |
| Balance Sheet as at 31Dec | ember 2022 | ||||
|---|---|---|---|---|---|
| 31December | 31December | ||||
| 2022 | 2021 | ||||
| Note | f | f | |||
| Fixed assets | |||||
| Fixed asset properties | 9 | 1,625,672 | 1,497,388 | ||
| Investment properties |
10 | 5,406,667 | 5,290,000 | ||
| Quoted investments | 11 | 16,731,869 | 18,262,760 | ||
| 23,764,208 | 25,050,148 | ||||
| Current assets | |||||
| Debtors | 12 | 51,919 | 10,264 | ||
| Cash at bank and in | hand | 1,927,446 | 1,438,982 | ||
| 1,979,365 | 1,449,246 | ||||
| Current liabilities |
|||||
| Creditors: Amounts | falling due within one year | 13 | (490,206) | (463,892) | |
| Net current assets | 1,489,159 | 985,354 | |||
| Total assets less current | liabilities | 25,253,367 | 26,035,502 | ||
| Creditors: Amounts | falling due after more than one year | 14 | (143,007) | ||
| Total net assets | 25,253,367 | 25,892,495 | |||
| The funds ofthe charity: | |||||
| Unrestricted funds |
15,16 | 3,378,757 | 3,118,755 | ||
| Restricted funds | 15,16 | 1,975,602 | 2,023,350 | ||
| Permanent endowment |
15,16 | 19,899,008 | 20,750,390 | ||
| Total funds | 25,253,367 | 25,892,495 |
| Statement of Cash Flows for the Year En |
ded 31De | cember 2022 | |
|---|---|---|---|
| 9months | |||
| Yearended | ended | ||
| 31December | 31December | ||
| 2022 | 2021 | ||
| Note | f | f | |
| Net cash flow from operating activities |
694,736 | 395,897 | |
| Cash flows from investing activities |
|||
| Dividends, interest and rents from investment |
2, 3 | 909,238 | 609,570 |
| Proceeds from sale of investments | 3,520,741 | 1,696,767 | |
| Increase in cash held on long term deposits |
228,206 | (15) | |
| Purchase of investments | (3,659,910) | (1,374,426) | |
| Net cash flows from investing activities |
998,275 | 931,896 | |
| Net increase in cash and cash equivalents |
303,539 | 535,999 | |
| Cash and cash equivalents at 1January |
1,884,610 | 1,348,432 | |
| Change in cash and cash equivalents due to exchange rate |
|||
| movements | 4,268 | 179 | |
| Cash and cash equivalents at 31December |
2,192,417 | 1,884,610 |
| Incom | e from quoted investments | |||
|---|---|---|---|---|
| Year ended | ||||
| 31December | ||||
| Unrestricted | Restricted | 2022 | ||
| f | f | f | ||
| Dividend | income | 581,394 | 77,733 | 659,127 |
| Interest | receivable | 5,739 | 2,854 | 8,593 |
| 587,133 | 80,587 | 667,720 | ||
| 9months | ||||
| ended 31 | ||||
| December | ||||
| Unrestricted | Restricted | 2021 | ||
| f | f | f | ||
| Dividend | income | 405,714 | 55,859 | 461,573 |
| Interest | receivable | 543 | 14 | 557 |
| 406,257 | 55,873 | 462,130 |
| Year ended | ||||||
|---|---|---|---|---|---|---|
| 31December | ||||||
| Unrestricted | Restricted | Endowment | 2022 | |||
| f | f | f | f | |||
| Investment | property | rents | 241,518 | 241,518 | ||
| 9months | ||||||
| ended | ||||||
| 31December | ||||||
| Unrestricted | Restricted | Endowment | 2021 | |||
| f | f | f | f | |||
| Investment | property | rents | 147,440 | 147,440 |
| Yearended | ||||||
|---|---|---|---|---|---|---|
| 31December | ||||||
| Unrestricted | Restricted | Endowment | 2022 | |||
| E | f | f | f | |||
| Expenditure | on properties | 26,146 | 26,146 | |||
| Portfolio investment | management | |||||
| fees | 4,289 | 5,947 | 47,969 | 58,205 | ||
| 30,435 | 5,947 | 47,969 | 84,351 | |||
| 9months | ||||||
| ended 31 | ||||||
| December | ||||||
| Unrestricted | Restricted | Endowment | 2021 | |||
| E | f | f | f | |||
| Expenditure | on properties | 23,564 | 23,564 | |||
| Portfolio investment | management | |||||
| fees | 3,164 | 4,354 | 35,459 | 42,977 | ||
| 26,728 | 4,354 | 35,459 | 66,541 |
| Charitable a |
ctivities - | Maintai | ning | fabric and facilit | ies ofSt Mary | Redcliffe Church | |
|---|---|---|---|---|---|---|---|
| Yearended | |||||||
| 31December | |||||||
| Note | Unrestricted | Restricted | Endowment | 2022 | |||
| E | f | f | f | ||||
| Grants payable | to St Mary | ||||||
| Redcliffe PCC: | |||||||
| Fund PCC staff costs | 23 | 86,808 | 86,808 | ||||
| Church | repairs | 103,948 | 103,948 | ||||
| Church expenses | 153,801 | 15,050 | 168,851 | ||||
| Staff support | grants | 56,499 | 56,499 | ||||
| Support and governance | costs | 6 | 50,980 | 50,980 | |||
| 452,036 | 15,050 | 467,086 | |||||
| 9months | |||||||
| Unrestricted | Restricted | Endowment | ended 31 December |
||||
| Note | 2021 | ||||||
| Grants payable | to St Mary | ||||||
| Redcliffe PCC: | |||||||
| Fund PCC Staff costs |
23 | (16,944) | (16,944) | ||||
| Church | repairs | 53,877 | 53,877 | ||||
| Church expenses | 69,860 | 7,613 | 77,473 | ||||
| Staff support | grants | 26,185 | 26,185 | ||||
| Support and governance | costs | 6 | 50,938 | 50,938 | |||
| 183,916 | 7,613 | 191,529 |
| Analysis | ofgoverna | nce and support costs |
|||
|---|---|---|---|---|---|
| 9months | |||||
| Year ended | ended 31 | ||||
| 31December | December | ||||
| Note | 2022 | 2021 | |||
| f | f | ||||
| Support costs | |||||
| Office costs | 23,805 | 18,041 | |||
| Finance | function costs | 19,915 | 26,297 | ||
| Governance | costs | ||||
| Auditor's | remuneration | 7,260 | 6,600 | ||
| 50,980 | 50,938 |
| 9months | |||||
|---|---|---|---|---|---|
| Yearended | ended | ||||
| 31December | 31December | ||||
| 2022 | 2021 | ||||
| f | f | ||||
| Auditor's | remuneration | including | VAT | 7,260 | 6,600 |
| Gains/(los | ses) on in |
vest | ments | ||||
|---|---|---|---|---|---|---|---|
| Year ended | |||||||
| 31December | |||||||
| Unrestricted | Restricted | Endowment | 2022 | ||||
| f | f | f | f | ||||
| Realised gains/(losses) | on | (10,038) | (16,481) | 48,261 | 21,742 | ||
| investments | |||||||
| (10,038) | (16,481) | 48,261 | 21,742 | ||||
| Unrealised investments |
gains/(losses) | on | (68,464) | (106,791) | (1,107,685) | (1,282,940) | |
| Exchange rate gain/(loss) | on US | 4,268 | 4,268 | ||||
| Dollars | |||||||
| Gain/(loss) | on revaluation | of | 116,667 | 116,667 | |||
| investments | |||||||
| (68,464) | (106,791) | (986,750) | (1,162,005) | ||||
| Total gains/(losses) | (78,502) | (123,272) | (938,489) | (1,140,263) | |||
| 9months | |||||||
| ended 31 | |||||||
| December | |||||||
| Unrestricted | Restricted | Endowment | 2021 | ||||
| f | f | f | f | ||||
| Realised gains/(losses) | on | 25,208 | 65,716 | 360,941 | 451,865 | ||
| investments | |||||||
| 25,208 | 65,716 | 360,941 | 451,865 | ||||
| Unrealised | gains/(losses) | on | 46,481 | 78,229 | 689,734 | 814,444 | |
| investments | |||||||
| Exchange rate gain/(loss) | on US | 177 | 177 | ||||
| Dollars | |||||||
| 46,481 | 78,229 | 689,911 | 814,621 | ||||
| Total gains/(losses) | 71,689 | 143,945 | 1,050,852 | 1,266,486 |
| Fair value | ||
|---|---|---|
| At 1January 2022 | 1,505,000 | |
| Revaluations | 143,334 | |
| At 31December 2022 | 1,648,334 | |
| Depreciation | ||
| At 1January 2022 | 7,612 | |
| Charge for the year | 15,050 | |
| At 31December 2022 | 22,662 | |
| Net book value - Fair value less depreciation | ||
| At 31December 2022 | 1,625,672 | |
| At 31December 2021 | 1,497,388 | |
| Fixed asset properties: | ||
| 2022 | 2021 | |
| f | f | |
| 1Colston Parade 8 Garage (Flats 1B8 1C) | 483,334 | 436,700 |
| 2 Colston Parade | 625,000 | 570,688 |
| 51Redcliff Hill | 540,000 | 490,000 |
| 1,648,334 | 1,497,388 |
| Fair value | |
|---|---|
| At 1January 2022 | 5,290,000 |
| Revaluation | 116,667 |
| At 31December 2022 | 5,406,667 |
| Net book value | |
| At 31December 2022 | 5,406,667 |
| At 31December 2021 | 5,290,000 |
| ne third o | fthe value is classed as investment property |
and two thirds as fixed asset pro | perty. |
|---|---|---|---|
| Fair value at | Fair value at | ||
| 31December | 31December | ||
| 2022 | 2021 | ||
| f | f | ||
| Investment | properties | ||
| 1Colston | Parade (Flat 1A) | 241,667 | 220,000 |
| Portwall Lane, 2 Canynge Street and 69-75StThomas Street |
4,565,000 | 4,565,000 | |
| 63 —64 St | Thomas Street | 600,000 | 505,000 |
| 5,406,667 | 5,290,000 |
| Year ended 31 | 9months to 31 | |||
|---|---|---|---|---|
| December | December | |||
| 2022 | 2021 | |||
| Market value | at opening date | 17,390,180 | 16,446,214 | |
| Additions | 3,659,910 | 1,374,426 | ||
| Disposals at opening | book value | (3,498,998) | (1,244,905) | |
| Net unrealised | investment gains |
(1,282,940) | 814,445 | |
| 16,268,152 | 17,390,180 | |||
| Investment cash and |
cash equivalents | 264,971 | 445,628 | |
| Investment cash on |
deposit | 198,746 | 426,952 | |
| Market value | at closing date | 16,731,869 | 18,262,760 | |
| Historical cost | at closing date | 14,071,284 | 13,964,273 |
| 12 Debtors | ||
|---|---|---|
| 31December | 31December | |
| 2022 | 2021 | |
| f | f | |
| Rental income | 43,885 | 1,465 |
| Prepayments | 4,591 | 8,799 |
| Other debtors | 3,443 | |
| 51,919 | 10,264 |
| 13Creditors: amounts | falling due within one year | |||
|---|---|---|---|---|
| 31December | 31December | |||
| 2022 | 2021 | |||
| Note | f | f | ||
| Trade creditors | 301 | 8,680 | ||
| Other creditors | 15,660 | |||
| Accruals | 46,675 | 41,090 | ||
| Deferred income | 77,178 | 45,625 | ||
| Grant commitments | 23 | 366,052 | 352,837 | |
| 490,206 | 463,892 | |||
| 14Creditors: amounts | falling due after one year | |||
| 31December | 31December | |||
| 2022 | 2021 | |||
| Note | f | f | ||
| Grant commitments | 23 | 143,007 |
| 5Analysis of | net ass | ets bet | ween | funds | ||||
|---|---|---|---|---|---|---|---|---|
| Net | Provisions | Total 31 | ||||||
| Quoted | Current | for | December | |||||
| Property | Investments | Assets | Liabilities | 2022 | ||||
| E | f | E | E | E | ||||
| Endowment funds (Note 16) |
||||||||
| Church Lands |
6,670,838 | 12,747,810 | (47,969) | 19,370,679 | ||||
| First Lord Dulverton | (Capital) | 65,580 | 65,580 | |||||
| William Frayne |
79,131 | 79,131 | ||||||
| Susan Hooper | 954 | 954 | ||||||
| Alice Gullick Bequest | 3,866 | 3,866 | ||||||
| Guinea Street | Trust | 17,297 | 17,297 | |||||
| Revaluation reserve |
361,501 | 361,501 | ||||||
| 7,032,339 | 12,914,638 | (47,969) | 19,899,008 | |||||
| Restricted funds (Note 16) | ||||||||
| Extraordinary | Repair | Funds | 794,609 | 97,021 | 891,630 | |||
| First Lord Dulverton | (Revenue) | 894,484 | 140,805 | 1,035,289 | ||||
| Guinea Street | Trust | 1,028 | 1,028 | |||||
| Organ Repair | Fund | 25,964 | 25,964 | |||||
| Other funds | 21,691 | 21,691 | ||||||
| 1,689,093 | 286,509 | 1,975,602 | ||||||
| Unrestricted | funds (Note 16) | |||||||
| General | 925,797 | 1,099,900 | (366,052) | 1,659,645 | ||||
| Designated ERF |
1,202,341 | 497,659 | 1,700,000 | |||||
| Lighting project designated | fund | 2,655 | 2,655 | |||||
| Staff reserve | designated fund |
16,457 | 16,457 | |||||
| 2,128,138 | 1,616,671 | (366,052) | 3,378,757 | |||||
| 7,032,339 | 16,731,869 | 1,855,211 | (366,052) | 25,253,367 |
| Prior year comparative | Prior year comparative | Prior year comparative | ||||||
|---|---|---|---|---|---|---|---|---|
| Net | Provisions | Total 31 | ||||||
| Quoted | Current | for | December | |||||
| Property f |
Investments f |
Assets f |
Liabilities f |
2021 f |
||||
| Endowment funds (Note 16) |
||||||||
| Church Lands |
6,685,888 | 13,804,594 | (30,366) | 20,460,116 | ||||
| First Lord Dulverton | (Capital) | 74,208 | 74,208 | |||||
| William Frayne |
89,541 | 89,541 | ||||||
| Susan Hooper | 1,079 | 1,079 | ||||||
| Alice Gullick Bequest | 4,374 | 4,374 | ||||||
| Guinea Street | Trust | 19,572 | 19,572 | |||||
| Revaluation reserve |
101,500 | 101,500 | ||||||
| 6,787,388 | 13,993,368 | (30,366) | 20,750,390 | |||||
| Net | Provisions | Total 31 | ||||||
| Quoted | Current | for | December | |||||
| Property f |
Investments f |
Assets f |
Liabilities f |
2021 f |
||||
| Restricted funds (Note 16) | ||||||||
| Extraordinary | Repair | Funds | 857,818 | 54,779 | 912,597 | |||
| First Lord Dulverton | (Revenue) | 960,792 | 101,797 | 1,062,589 | ||||
| Organ Repair | Fund | 25,964 | 25,964 | |||||
| Guinea Street | Trust | 509 | 509 | |||||
| Other funds | 21,691 | 21,691 | ||||||
| 1,818,610 | 204,740 | 2,023,350 | ||||||
| Unrestricted | funds (Note 16) | |||||||
| General | 1,165,698 | 729,789 | (495,844) | 1,399,643 | ||||
| Designated ERF |
1,285,083 | 414,917 | 1,700,000 | |||||
| Lighting project designated | fund | 2,655 | 2,655 | |||||
| Staff reserve | designated fund |
16,457 | 16,457 | |||||
| 2,450,781 | 1,163,818 | (495,844) | 3,118,755 | |||||
| 6,787,388 | 18,262,759 | 1,338,192 | (495,844) | 25,892,495 |
| 16 Funds | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Unrealised | ||||||||||
| (losses)/ | Gains/ | |||||||||
| Balance | gains on | (losses) | Transfers | Balance | ||||||
| at 1 | Net | Investments | on Sales | and | at 31 | |||||
| January | income/ | and | of | Recoupment | December | |||||
| 2022 f |
(Expenditure) E |
Property f |
Investments f |
Orders f |
2022 E |
|||||
| Unrestricted funds |
||||||||||
| General | 1,399,643 | 346,180 | (68,464) | (10,038) | (7,676) | 1,659,645 | ||||
| Unrestricted designated |
||||||||||
| funds | ||||||||||
| Designated ERF |
1,700,000 | 1,700,000 | ||||||||
| Lighting project | ||||||||||
| designated fund |
2,655 | 2,655 | ||||||||
| Staff reserve designated | ||||||||||
| fund | 16,457 | 16,457 | ||||||||
| 1,719,112 | 1,719,112 | |||||||||
| Tota I Unrestricted | funds | 3,118,755 | 346,180 | (68,464) | (10,038) | (7,676) | 3,378,757 | |||
| Restricted funds | ||||||||||
| Extraordinary | Repair | |||||||||
| Fund | 912,598 | 36,019 | (62,367) | 1,977 | 3,403 | 891,630 | ||||
| 1st Lord Dulverton | 1,062,588 | 35,583 | (44,424) | (18,458) | 1,035,289 | |||||
| Guinea Street | Trust | 509 | 519 | 1,028 | ||||||
| Alice Gullick | 116 | (116) | ||||||||
| William Frayne |
2,374 | (2,374) | ||||||||
| Susan Hooper | 29 | (29) | ||||||||
| Organ Repair Fund | 25,964 | 25,964 | ||||||||
| Other | 21,691 | 21,691 | ||||||||
| Tota I restricted | funds | 2,023,350 | 74,640 | (106,791) | (16,481) | 884 | 1,975,602 |
| Unrealised | ||||||||
|---|---|---|---|---|---|---|---|---|
| (losses)/ | Gains/ | |||||||
| Balance | gains on | (losses) | Transfers | Balance | ||||
| at 1 | Net | Investments | on Sales | and | at 31 | |||
| January | income/ | and | of | Recoupment | December | |||
| 2022 f |
(Expenditure) f |
Property f |
Investments f |
Orders f |
2022 f |
|||
| Endowment | funds | |||||||
| Permanent | ||||||||
| Church Lands |
20,460,116 | (63,019) | (1,081,471) | 48,261 | 6,792 | 19,370,679 | ||
| First Lord | Dulverton | |||||||
| (Capita I) | 74,208 | (8,628) | 65,580 | |||||
| W Frayne | 89,541 | (10,410) | 79,131 | |||||
| SHooper | 1,079 | (125) | 954 | |||||
| A Gullick Bequest | 4,374 | (508) | 3,866 | |||||
| Guinea Street Trust | 19,572 | (2,275) | 17,297 | |||||
| Revaluation | reserve on | |||||||
| fixed asset | properties | 101,500 | 260,001 | 361,501 | ||||
| Total endowment | funds | 20,750,390 | (63,019) | (843,416) | 48,261 | 6,792 | 19,899,008 | |
| Tota Ifunds | 25,892,495 | 357,801 | (1,018,671) | 21,742 | 25,253,367 |
| Prior year c | ompar | atives | ||||||
|---|---|---|---|---|---|---|---|---|
| Unrealised | ||||||||
| (losses)/ | Gains/ | |||||||
| gains on | (losses) | Transfers | Balance | |||||
| Balance | Net | Investments | on Sales | and | at 31 | |||
| at 6April | income/ | and | of | Recoupment | December | |||
| 2021 f |
(Expenditure) f |
Property f |
Investments f |
Orders f |
2021 f |
|||
| Unrestricted | funds | |||||||
| General | 990,630 | 343,053 | 46,481 | 25,208 | (5,729) | 1,399,643 | ||
| Unrestricted | designated | |||||||
| funds | ||||||||
| Designated | ERF | 1,700,000 | 1,700,000 | |||||
| Lighting project | ||||||||
| designated | fund | 2,655 | 2,655 | |||||
| Staff reserve designated | ||||||||
| fund | 16,457 | 16,457 | ||||||
| 1,719,112 | 1,719,112 | |||||||
| Total Unrestricted | funds | 2,709,742 | 343,053 | 46,481 | 25,208 | (5,729) | 3,118,755 |
| Unrealised | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| (losses)/ | Gains/ | |||||||||
| gains on | (losses) | Transfers | Balance | |||||||
| Balance | Net | Investments | on Sales | and | at 31 | |||||
| at 6April | income/ | and | of | Recoupment | December | |||||
| 2021 f |
(Expenditure) f |
Property f |
Investments f |
Orders f |
2021 f |
|||||
| Restricted funds | ||||||||||
| Extraordinary | Repair | |||||||||
| Fund | 812,972 | 22,299 | 42,573 | 31,647 | 3,107 | 912,598 | ||||
| 1st Lord Dulverton | 966,623 | 26,240 | 35,656 | 34,069 | 1,062,588 | |||||
| Guinea Street | Trust | 509 | 509 | |||||||
| Alice Gullick | 114 | (114) | ||||||||
| William Frayne |
2,329 | (2,329) | ||||||||
| Susan Hooper | 28 | (28) | ||||||||
| Organ Repair Fund | 25,964 | 25,964 | ||||||||
| Other | 21,691 | 21,691 | ||||||||
| Tota I restricted | funds | 1,827,250 | 51,519 | 78,229 | 65,716 | 636 | 2,023,350 | |||
| Endowment funds |
||||||||||
| Permanent | ||||||||||
| Church Lands |
19,471,529 | (43,072) | 665,625 | 360,941 | 5,093 | 20,460,116 | ||||
| First Lord Dulverton | ||||||||||
| (Capita I) | 64,679 | 9,529 | 74,208 | |||||||
| W Frayne | 78,007 | 11,534 | 89,541 | |||||||
| SHooper | 940 | 139 | 1,079 | |||||||
| A Gullick Bequest | 3,811 | 563 | 4,374 | |||||||
| Guinea Street | Trust | 17,051 | 2,521 | 19,572 | ||||||
| Revaluation reserve on |
||||||||||
| fixed asset properties | 101,500 | 101,500 | ||||||||
| Total endowment | funds | 19,737,517 | (43,072) | 689,911 | 360,941 | 5,093 | 20,750,390 | |||
| Tota Ifunds | 24,274,509 | 351,500 | 814,621 | 451,865 | 25,892,495 |
| 7Analysis of | changes in net funds |
|||
|---|---|---|---|---|
| At 1January | 31December | |||
| 2022 | Cash flows | 2022 | ||
| f | f | f | ||
| Cash at bank accounts) |
(excluding over 90day | 1,438,982 | 488,464 | 1,927,446 |
| Investments | - cash and cash | 445,628 | (180,657) | 264,971 |
| equivalents | ||||
| 1,884,610 | 307,807 | 2,192,417 | ||
| At 6 April | 31December | |||
| 2021 | Cash flows | 2021 | ||
| f | f | f | ||
| Cash at bank | (excluding over 90day | 1,220,618 | 218,364 | 1,438,982 |
| accounts) | ||||
| Investments | —cash and cash | |||
| equivalents | 127,814 | 317,814 | 445,628 | |
| 1,348,432 | 536,178 | 1,884,610 |
| 18Reconciliation of net incom |
e/(expenditure) to net c |
ash flow from op | erating activities |
|
|---|---|---|---|---|
| 9months | ||||
| Yearended | ended | |||
| 31December | 31December | |||
| 2022 | 2021 | |||
| Note | f | f | ||
| Cash flows from operating activities |
||||
| Net (expenditure)/income | (639,128) | 1,617,986 | ||
| Adjustments for non-cash items |
||||
| Dividends, interest and rents from investments |
2, 3 | (909,238) | (609,570) | |
| (Gains)/losses on investments |
1,261,198 | (1,266,307) | ||
| (Gains) on exchange rates | (4,268) | (179) | ||
| (Gains) on investment property |
revaluations | (116,667) | ||
| Depreciation | 15,050 | 7,612 | ||
| (Gains) on fixed asset property | revaluations | (143,334) | ||
| (536,387) | (250,458) | |||
| Working capital adjustments | ||||
| (Increase)/decrease in debtors |
12 | (41,655) | 9,103 | |
| Increase in creditors |
13 | 13,098 | 21,351 | |
| Decrease in grant commitments |
23 | (129,792) | (175,893) | |
| Net cash flows from operating | activities | (694,736) | (395,897) |
| 9months | |||||||
|---|---|---|---|---|---|---|---|
| ended | |||||||
| Unrestricted | Restricted | Endowment | 31December | ||||
| funds | funds | funds | 2021 | ||||
| E | E | f | E | ||||
| Income from: | |||||||
| Quoted investments | 406,257 | 55,873 | 462,130 | ||||
| Investment properties |
147,440 | 147,440 | |||||
| Tota I Income | 553,697 | 55,873 | 609,570 | ||||
| Expenditure on: |
|||||||
| Raising funds | |||||||
| Investment management |
costs | (26,728) | (4,354) | (35,459) | (66,541) | ||
| Charitable acti vities |
|||||||
| Maintaining fabric and facilities |
ofSt | ||||||
| Mary Redcliffe Church | (183,916) | (7,613) | (191,529) | ||||
| Total Expenditure | (210,644) | (4,354) | (43,072) | (258,070) | |||
| Gains/losses on investment |
assets | 71,689 | 143,945 | 1,050,852 | 1,266,486 | ||
| Net income/ (expenditure) | 414,742 | 195,464 | 1,007,780 | 1,617,986 | |||
| Transfers between funds |
(5,729) | 636 | 5,093 | ||||
| Net movement in funds |
409,013 | 196,100 | 1,012,873 | 1,617,986 | |||
| Reconciliation offunds |
|||||||
| Total funds brought forward |
2,709,742 | 1,827,250 | 19,737,517 | 24,274,509 | |||
| Total funds carried forward | 3,118,755 | 2,023,350 | 20,750,390 | 25,892,495 | |||
| Income and expenditure | by | fund | is shown | in note 16. |
| Grants to Council |
St Mary Redcliffe P | arochial C |
hurch | |||
|---|---|---|---|---|---|---|
| Tofund | Year ended | |||||
| Tofund staff | fabric project | 31December | ||||
| costs | 450 | 2022 Total | ||||
| f | f | f | ||||
| As at 1January 2022 | 354,014 | 141,830 | 495,844 | |||
| Committed | and charged to expenditure | in year | 86,808 | 86,808 | ||
| Paid in year | (216,600) | (216,600) | ||||
| As at 31December 2022 | 224,222 | 141,830 | 366,052 | |||
| Short-term | grant commitment | 224,222 | 141,830 | 366,052 | ||
| Long-term | grant commitment | over 1year | ||||
| Total grant | commitment | 224,222 | 141,830 | 366,052 |
| Notes to th | e accoun | ts for th | e Year Ended 3 | 1December 202 | 2 | ||
|---|---|---|---|---|---|---|---|
| 9months | |||||||
| Tofund | ended 31 | ||||||
| Tofund staff | fabric project | December | |||||
| costs | 450 | 2021Total | |||||
| f | f | f | |||||
| As at 6April | 2021 | 529,907 | 141,830 | 671,737 | |||
| Committed | and charged to expenditure | in year | (16,944) | (16,944) | |||
| Paid in year | (158,949) | (158,949) | |||||
| As at 31December 2021 | 354,014 | 141,830 | 495,844 | ||||
| Short-term | grant commitment | 211,007 | 141,830 | 352,837 | |||
| Long-term | grant commitment | over 1year | 143,007 | 143,007 | |||
| Total grant | commitment | 354,014 | 141,830 | 495,844 |