2023-03-31-accounts - St Sepulchre (Finsbury) United Charities

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		2023	2023	2023	2022
					6
		Unrestricted	Unrestricted	Unrestricted	Unrestricted
		Income	Capital	Total	Total
		Fund	Fund	Funds	Funds
incoming resources
Investment income (nates	8and 9)	133,663		133,663	147,972
Bank deposit interest		12,037		12,037	423
Voluntary income		6,800		8,8DD	8,000
Total Incoming resources		154,500		154,500	156,395
Resources expended
Charitable edivities (Nates 1D and 11)		70,68D		70,680	9'i,693
Cost ofgenerating funds (nate 13) Gavemance costs (Note 14)		37,217 9,516		37,2'I 7 9,516	83,785 11,562
Total resources expended		117,413		117,413	187,040
Nst incoming/(outgoing) for the year	resources	37,087		37,087	~30.640
Gain on investment property (note 2)			645,000	645,ODD
(Loss)/gala on equity investments
(note 3) Inter account transfers			(1,227)	(1,227)	2,199
Net movement in funds		37,087	643773	880.860	~28446)
Reconciliation offunds
Total funds brought forward		582,495	3,589,310	4,171,805	4,200,251
Total funds carried forward		619,582	4,233,083	4,852,665	4,171,805

as at 31 March 2	0	23
			Notes		2023f		2022f
Fixed assets
investment property
117Charterhouse	Street				1,875,000		1,875,000
Stonehouse Farm - Farmland			and
Cottages					1,135,QQQ		1,135,000
					3,010,000		3,010,000
Equity investments
1,233.44 COIF Income Shares			3		23,083		24,310
					3,033,083		3,034,310
Current assets
Investment property	-	Stonehouse		1,200,000		555,000
Farm Buildings			2
Debtors			4	24,869		12,412
Cash at bank
—Current Account				76,132		121,826
- HSBC Deposit Account				11,757		11,702
-COIF Deposit Fund				396,681		389,653
- Nationwide Deposit				89,940		88,456
-Virgin Money Deposit				86,585		85,132
—Virgin Money Account				18		18
				661,113		696,787
				1,885,982		1,264,199
Creditors: amounts		falgng due
within one year			5	(66,400)		(126,704)
Net current assets					1,819,582		1,137,495
Net assets					6652,665		4,171,805
Charity funds
Unrestricted capital	fund				4,233,083		3,589,3'IO
Unrestricted income	fund				619,582		582,495
Charity funds			16		4,852,665		4,171,805

				2023	2022
					6
Operating activities
Surplus/{deficit) for the financial year				680,860	(28,446)
Adjustments for.
Gain cn revaluation of investments interest receivable Dividend income Other income Increase in debtors (Decrease)/increase in creditors				(643,773) (12,037) (672) (516) {12,457) (60,304)	(2,199) (423) (659) (513) (9,027) 80,861
Cash (used in)/generated	by operabng		activities	(48,899)	39,394
Investing activities
Interest receivable				12,037	423
Dividend income				672	659
Other income				516	513
Cash generated by invesdng		activities		13225	1,595
Net cash (used)/generated
Cash {used in)/generated by operating Cash generated by invesbng activities			activities	(48,899) 13,225	39,394 1,595
Net cash (used)/generated				(35,674)	40,989
Cash snd cash equivalents		at 1 Apnl		696,787	655,798
Cash and cash equivalents		at 31 starch		661,113	696,787
Cash and cash equivalents		comprise:
Cash at bank				661,113	696,787
				661,113	696,787

fo	r the year end	ed	31March 2023	31March 2023	31March 2023
2	Fixed assets	and	current assets - investment			property		2023
				Shllish	ouse
				Farm-			117
				Farmlahd	ahd	Chartsrh	ouse
			Fixed assets	cottages			Street	Total	Total
									E
	Valuation
	At 1 Apnt 2022			1,135,000		1,875,000		3,010,000	3,010,000
	At 31 March 2023			1,135,000		1,875,000		3,010,000	3,010000
	Depreciation
	At 1 April 2022
	At 31 March 2023
	Net book value
	At 31 March 2023			1,135,000		1,875	000	3010000	3,010,000
	At 31 March 2022			1,135,000		1,875,000		3,010,000	3,010,000
								2023	2022
						Stoaehouse
			Current assets			Farm Bundlogs		Total	Total
							E	6
	Valuation
	At 1 April 2022					555,000		555,000	555,000
	Revaluation					645,000		645,000
	At 31 March 2023					1,200	000	1 2M, OOO	555.tltl0
	Depredation
	At 1 April 2022
	Surplus on revaluation
	At 31 March 2023
	Net book value
	At 31 March 2023					1,200,000		1 200,000	555,000
	At 31 March 2022					555,000		555,000	555,000

Fixed assets - equity Investments
	Common
	Investment	2023	2022
	Fund (COIF)	Total	Total
	E	E	E
Valuation
At 1 April 2022	24,310	24,310	22,111
Revaluation	(1,227)	(1,227)	2,199
At 31 March 2023	23083	23,083	24,310

4	Oebtors			2023 E	2022f
	Rent receivable Other debtors			24,869	9,149 3,263
				24,869	12,412
5	Creditom: amounts	falling due within one year		2023
				E
	Grants approved but not yet paid Tenancy deposit V.A.T. Othe' creditors Accountancy Fees —cun'ent year Independent Examiner's Fee Rent Prepaid			'i4,136 9,750 9,962 402 2,076 1,260 28,814	50, '!50 9,750 9,582 25,958 2,004 1,260 28,000
				66,400	126,704
8	Unrestricted caphal	fund		2023	2022
				E	f.
	At 1 April 2022 Gain on revaluation ofland		and buiklings	3,589,310 645,000	3,587,111
	(Loss)/gain on revaluation Inter account transfers		of equity investments	(1,227)	2,199
	At 31 March 2023			4,233,083	3589310

St	Sepulchre (Flnsbury)	United Charities
Notes to the Accounts
for the year ended 31Ilarch 2023
7	Unresutctsd income fund				2023	2022
					E.
	At 1 April 2022				582,495	613,140
	Net incoming/(outgoing)	resources for the year			37,087	(30,645)
	Inter account transfers
	At 31 March 2023				619,582	582,495
8	Analysis of investment	Income		117	Stooshouse
			Charrerh	ouse	Farm S
Property income (note 17)				Street	Cottages
	Rents receivable		104,000		28,475	132,475
Equity Investment income			Fledgling		Common
			Charity	Fund	Inveshnent
				100'Ya	Fund 100%
	Distnbutions receivable				672	672
SEBWayleave income					Power
					Networks
	Income receivable				516	516
						133,663
9 Analysis ofinvestmsnt Property Income (note 17)		income	117 ~aae sheet		Stoaahaoss Farm s Cottages	2022 E
	Rents receivable		104,000		42,800
Equity investment income			Fiedgsng		Common
			Charity	Fund	Investment
			100%		Fund 100%
	Dish'ibutions receivable				659	659
SEBWayleave income					Power
					Networks
	income recetvebks				513	513
						147,972

		Activities	Grant Giving	Support	Total
		Undertaken	Activities	Coats
		Directly
Quarterly	Pensions		I8,475	307	16,782
Grants to	Individuais		40,413	752	41,165
Grants to	Organisations		12,500	233	12,733
			69,388	1,292	70,680

		Actlvl6es	Grant Giving	Support	Total
		Undertaken	Activities	Costs
		Directly
	Quarterly Pensions Granfs io Individuals Grants fo Organisations		16,750 46,000 28,600	63 173 107	16,813 46,173 28,707
			91,350		91693
12	Analysis ofsupport rosts			2023	2022
				6
	Printing, postage 8, stationery			840	720
	Travel &subsistence			337	98
	Sank charges			115	475)
				1,292	343
13	Cost ofgenerating funds			2023	2022
	Repairs Gas, electric and rates			6,459 2,688	24,837 473
	Insurance Management fees I egal and professional fees (see note 18)			4, 'I03 14,622 9,345	2,701 15,275 40,499
				37,217	83785


Governance	costs		2023
			E
Legal and professional Independent examiner's Accountancy fees Clerk's fee		fees {seenote 18) fee	1,200 2,076 6,240	2,438 1,360 2,004 5,760
			9,516	11,562

Analysis of	net a	sset	s by fund
				2023	2023	2023	2022
				E	E	E	E
				Capital	Income	Total	Total
				Account	Account
Fixed Assets				3,033,083		3,033,083	3,034,310
Current Assets				1,200,000	685,982	1,885,982	1,264,199
Current Liabilities					(66,400)	(66,400)	(126,704)
Total				4,233,083	619,582	4,852,665	4,171,805
Analysis of property			income			2023	2022
						E	E
						Total	Total
117Charterhouss		Street
Ground snd Basement Floor First, Second and Third Floor						65,000 39,000	65,000 39,000
						1D4,0D~	1114000
Stonehouse	Farm
Farm and Farm Buildings 1 Stonehorse Cottage White Cottage						8,000 9,600 10,875	23,000 9,600 10,200
						28,475	42,800

StSepulchre (F)nsbury)	United Char)t)es
Notes to the Accounts
for the year ended 31March 2023
18 Legal and professional	fees	2023f	2022
The legal and professional	fees forthe years ended 31stMarch
2022 and 31st March 2023 related to the following:
Cost ofgenerating funds (note 13)
Stonehouse Farm development costs Other		9,345	40,499
		9,345	40,499
Governance coats (note	14)
Other			2,438
			2,438
		9,345	42,937

for the year ended 31	for the year ended 31	March 2023
This page Is fcrtheinformation		cfthe tnrstees	only and does	not form part oftha ginancral statements
			2023 E	2023	2023	2022 f
		Unrestricted		Unrestricted	Untestrlcted	Unrespected
			Income	Capital	Total	Total
			Fund	Fund	Funds	Funds
incoming resources
Vo!untary income
Donations			8,800		8,800	8,000
Investment income
Property letting income Income from equity investments			117,853 672		'f17,853 672	131,525 659
Bank deposit interest			12,037		12,037	423
Other incomi ng resources
S.E.B.Wayleave payments			516		516	513
Total incoming resources			139,878		139,878	141,120
Resources expended
Charitable actkrities
Quarterly pensions Grants to individuals Grants to organlsations			16,475 40,413 12,500		16,475 40,413 12,500	16,750 46,000 28,600
Printing, postage & stationery			840		840	720
Travel & subsistence Bank charges Governance costs			337 115 70,680		337 115 70,680	98 ~475) 91,693
Legal and professional Independent examiner's Accountancy fees Clerk's fee Repairs Gas, electric and rates Insurance	fees fee		9,345 1,200 2,076 6,240 6,459 2,688 4,103		9,345 1,200 2,076 6,240 6,459 2,688 4,103	42,937 1,360 2,004 5,760 24,837 473 2,701
			32,111		32,111	80,072
Total resources expended			102,791		102,791	'l71,765
hist Incoming/(outgoing) for the year	resources		37,087		37 0~ r	~30,&Z)

This page la for the information	ot	the tnrateea	only end does	not tortn part or ttre finahotat staterrrenta	not tortn part or ttre finahotat staterrrenta	not tortn part or ttre finahotat staterrrenta
			2023	2023	2023	2022
			6	6	8
		Unrestricted		Unrestricted	Unrestricted	Unrestricted
			General	Capital	Total	Total
			Fund	Fund	Funds	Funds
Unreaiised gain on revaluadon		of
freehold land and buiklings				645,000	645,000
Unrealised loss/(gain) on revaluation
of equity investments Realised gain on revaluation	of			(1,227)	(1,227)	2,199
freehold land and buildings
Realised gain on revaluation	ot	equity
investments
Inter acrount transfers
Net movement in funds			37tl87	&l3773	6!8I86tl	~28446
Total funds brought forward			582,495	3,589,310	4,171,805	4,200,251
Total funds carried forward			619582	4233,083	4,852665	4,171,805