| Contents | Page | |
|---|---|---|
| CharitY Information | ||
| Report ofthe Trustees | ||
| Independent Examiner's |
Report | |
| Statement of Financial |
Activities | |
| Balance Sheet | ||
| Notes to the Financial Statements |
| Priory address: | Priory address: | Ascot Priory | ||||||
|---|---|---|---|---|---|---|---|---|
| Priory Road | ||||||||
| Ascot | ||||||||
| Berkshire | ||||||||
| SL5 BRT | ||||||||
| Trustees: | The Reverend Dr P BAnthony The Right Reverend j M R Baker, Bishop of Fulham |
|||||||
| Mr I D S Booth | (Chairman) | |||||||
| Dr T A Trowles | ||||||||
| The Reverend | Dr G Westhaver | |||||||
| Clerk to the | Trustees: | St Andrew Holborn Trading |
Company | Limited | ||||
| Bursar: | St Andrew Holborn Trading |
Company | Limited | |||||
| Bankers: | TSBBank pic | |||||||
| 21 High Street | ||||||||
| Ascot | ||||||||
| Berkshire | ||||||||
| SLS7jE | ||||||||
| Independent | Examiner: | Knox Cropper | LLP | |||||
| 65 Leadenhall | Street | |||||||
| London | ||||||||
| EC3A 2AD | ||||||||
| Solicitors: | Charles Russell |
Speechlys | LLP | |||||
| 5 Fleet Place | ||||||||
| London | ||||||||
| ELM 7RD | ||||||||
| Investment | Managers: | Evelyn Partners | (former1Ir | Smith and | Williamson | Investment | Services Ltd) | |
| 15Gresham | Street | |||||||
| London | ||||||||
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| 2022 | 2021 | |||
|---|---|---|---|---|
| Restated | ||||
| Notes | I | |||
| FIXEDASSETS | ||||
| Tangible assets | 9 | 173 | 1,611 | |
| Investments | 10 | 1,791,490 | 1,948,733 | |
| 1,791,663 | 1,950,344 | |||
| CURRENT | ASSETS | |||
| Debtors | 3,499 | 4,920 | ||
| Cash at bank | 214,921 | 328,493 | ||
| 218,420 | 333,413 | |||
| CREDITORS: | ||||
| Amounts | falling due within one year | 12 | (53,885) | (69,969) |
| NET CURRENT ASSETS | 164,535 | 263,444 | ||
| NETASSETS | 1,956,198 | 2,213,788 | ||
| FUNDS | ||||
| Endowment | funds | 13 | 1,506,974 | 1,676,443 |
| Restricted | funds | 14 | 102,092 | 202,807 |
| Unrestricted | funds | 347,132 | 334,538 | |
| 1,956,198 | 2,213,788 |
| Maintenance | |||||||
|---|---|---|---|---|---|---|---|
| and | |||||||
| Priory | Restoration | Grant | Total | ||||
| 2022 | Activities | ofthe Priory | Making | 2022 | |||
| f | f | ||||||
| Staff costs (Note 8) | 14,918 | 14,918 | |||||
| Establishment | expenses | 45,297 | 45,297 | ||||
| Insurance | 11,326 | 22,651 | 33,977 | ||||
| Repairs and maintenance | 39,949 | 39,949 | |||||
| Grants (Note | 6) | 132,601 | 132,601 | ||||
| Depreciation | 1,438 | 1,438 | |||||
| Support costs | (Note 7) | 7,987 | 6,851 | 14,511 | 29,349 | ||
| 80,966 | 69,451 | 147,112 | 297,529 | ||||
| Maintenance | |||||||
| and | |||||||
| 2021 | Priory Activities f |
Restoration ofthe Priory f |
Grant Making f |
Total 2021 f |
|||
| Staff costs (Note 8) | 19,262 | 19,262 | |||||
| Establishment | expenses | 31,826 | 31,826 | ||||
| Insurance | 9,490 | 18,979 | 28,469 | ||||
| Repairs and maintenance | 11,061 | 11,061 | |||||
| Grants (Note | 6) | 61,950 | 61,950 | ||||
| Depreciation | 1,457 | 1,457 | |||||
| Support costs (Note 7) | 9,587 | 4,643 | 9,576 | 23,806 | |||
| 71,622 | 34,683 | 71,526 | 177,831 | ||||
| Grants Paid | 2022 | 2021 | |||||
| f | f | ||||||
| All Saints, Nottlng Hill |
9,851 | ||||||
| Pusey House | 19,000 | 24,500 | |||||
| St Andrew, Kingsbury |
3,000 | ||||||
| StAugustine, | Kllburn | 15,000 | 15,000 | ||||
| StAugustine | of Canterbury, | CE School | 250 | ||||
| St Giles's, Reading | 10,000 | ||||||
| St Iohn the Evangelist, | Clevedon | 2,000 | |||||
| St Luke' s, Shepherd's | Bush | 1,500 | 4,000 | ||||
| St Mark, Klngstanding | 10,000 | ||||||
| St Mary's, South Ruislip |
25,000 | ||||||
| St Matthew, | Carver Street, | Sheffleld | 25,000 | ||||
| St Matthew, | Kensington | 3,000 | 2,000 | ||||
| St Olav Trust | 1,000 | ||||||
| St Philip, Tottenham | 15,000 | ||||||
| Grants to Individuals | 6,250 | 3,200 | |||||
| 132,601 | 61,950 |
| Support Costs | 2022 | 2021 | |
|---|---|---|---|
| E | E | ||
| Clerk 8r accountancy | 24,750 | 21,109 | |
| Office 8r sundry costs | 624 | 769 | |
| Legal 8r professional Governance costs |
fees | 2,100 3,420 |
3,180 |
| 30,894 | 25,058 |
| ible Fixed As | sets | |
|---|---|---|
| Fixtures, | ||
| Fittings | ||
| and | ||
| Equipment | ||
| E | ||
| Cost | ||
| As at 1)anuary | 2022 | 147,234 |
| Additions | ||
| As at 31 December 2022 | ||
| 147,234 | ||
| Accumulated depredation |
||
| As at 13anuary | 2022 | 145,623 |
| Charge for the | year | 1,438 |
| As at 31December 2022 | ||
| 147,061 | ||
| Net book value | ||
| As at 31December 2022 | 173 | |
| As at 31 December 2021 | ||
| 1,611 |
| d Asset Investments | |||||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| The movement on fixed |
asset investments | comprise: | E | E | |||
| Market value of UK quoted | investments | at | 1 )anuary | 1,824,831 | 1,511,306 | ||
| Acquisitions at cost |
141,736 | 301,992 | |||||
| Disposals at book value | (190,317) | (162,600) | |||||
| Unrealised gains/(losses) |
(150,207) | 174,133 | |||||
| Market value of UK quoted | investments | at | 31 December | 1,626,043 | 1,824,831 | ||
| Cash held as part ofthe | investment | porffollo | 165,447 | 123,902 | |||
| 1,791,490 | 1,948,733 | ||||||
| Historical cost of quoted | Investments | held | at the year end | 1,305,687 | 1,272,884 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| The net gains/(losses) | on | fixed asset investments | comprise: | E | E | |
| Disposal proceeds | 156,357 | 164,682 | ||||
| Book value of investments | sold | (190,317) | (162,600) | |||
| Realised gains/(losses) | on | Rxed asset investments | (33,960) | 2,082 | ||
| Unrealised gains/(losses) |
on fixed asset investments | (150,207) | 174,133 | |||
| Net gains/losses) on fixed |
asset investments | (184,167) | 176,215 | |||
| 11. | Debtors | |||||
| 2022 | 2021 | |||||
| E | E | |||||
| Dividends and Interest |
receivable | 63 | 48 | |||
| Prepayments and accrued |
income | 3,436 | 4I872 | |||
| 3,499 | 4,920 |
| itors: | amounts | falling due within one year | ||
| 2022 | 2021 | |||
| f | f | |||
| Accruals | and other | creditors | 10,087 | 15I927 |
| Taxation | and Social Security | 244 | ||
| Grants Payable | 10,000 | |||
| Deferred | income | 43,798 | 43,798 | |
| 53,885 | 69,969 |