| Wenn Townsend | |
|---|---|
| 30St. Giles' | |
| Oxford | |
| OX1 3LE | |
| The Co-operative | Bank pic |
| The Central Board | of Finance ofthe |
| Church of England | |
| 1 Angel Lane | |
| London EC4R 3AB |
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| Total | |||||
|---|---|---|---|---|---|
| Note | 2023 | 2022 | |||
| E | |||||
| Fixed assets | |||||
| Properties | 1,888,725 | 1,904,766 | |||
| Fixtures and fittings | 61,450 | 70,719 | |||
| Motor vehicles | 2,748 | 3,665 | |||
| 1,952,923 | 1,979,150 | ||||
| investment | property | 545,000 | 545,000 | ||
| Investments | 7,621,925 | 8,014,827 | |||
| Deposit fund | 250,335 | 73,070 | |||
| 10,370,183 | 10,612,047 | ||||
| Current assets | |||||
| Loan to The | Porch | 500,000 | 500,000 | ||
| Debtors | 121,970 | 82,562 | |||
| Bank and cash | 138,820 | 70,071 | |||
| 760,790 | 652,633 | ||||
| Current liabilities |
|||||
| Creditors | (164,847) | (153,104) | |||
| Net current assets | 595,943 | 499,529 | |||
| Net assets | 10,966,126 | 11,111,576 | |||
| Accumulated | funds | ||||
| Restricted | 12 | 1,566 | 1,566 | ||
| Unrestricted | 10,964,560 | 11,110,010 | |||
| 10,966,126 | 11,111,576 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| E | |||||||
| Net cash flow | from operating | activities: | |||||
| (Deficit)/surplus | (145,450) | 614,252 | |||||
| Losses/(gains) | on investments | 392,902 | (662,971) | ||||
| Depreciation | 28,099 | 29,753 | |||||
| (Increase)/ | decrease | in debtors | (39,408) | (11,624) | |||
| Increase/(decrease) | in creditors | 11,743 | (4,774) | ||||
| 247,886 | (35,364) | ||||||
| Investing activities: |
|||||||
| Expenditure | on | tangible assets | (1,872) | (2,106) | |||
| Increase/(decrease) | in cash | balances | 246,014 | (37,470) | |||
| Total | |||||||
| Movement | |||||||
| Investment | Brokers | 250,335 | 73,070 | 177,265 | |||
| Bank balances | 137,536 | 68,850 | 68,686 | ||||
| Cash | 1,284 | 1,221 | 63 | ||||
| 389,155 | 143,141 | 246,014 |
| life ofthe asset and its residual val |
ue: |
|---|---|
| Buildings | Nil —6.67%straight line |
| Fixtures, fittings and equipment |
15%reducing balance |
| Motor vehicles | 25% reducing balance |
| Computer equipment |
33 1/3% straight line |
| Double glazing | 5% reducing balance |
| Donations and Gifts |
|||
| Total | Total | ||
| 2023 | 2022 | ||
| E | |||
| Donations | 2,058 | 634 | |
| Legacies | 5,000 | ||
| Gifts from visitors | 9,308 | 5,888 | |
| 11,366 | 11,522 | ||
| 3. | Resources expended | ||
| Community | Community | ||
| 2023f | 2022f | ||
| Wages and salaries | 68,056 | 62,768 | |
| Operating costs |
126,933 | 120,754 | |
| Establishment | 52,241 | 281,920 | |
| Administration | 53,958 | 77,321 | |
| Depreciation | 28,099 | 29,753 | |
| 329,287 | 572,516 |
| ixed assets | ||||||
|---|---|---|---|---|---|---|
| Fixtures, | ||||||
| Fittings 8 | IIotor | |||||
| Properties | Equipment | Vehicles | Total | |||
| F | f. | |||||
| Cost: | ||||||
| At 6th April 2022 | 2,888,515 | 417,953 | 16,709 | 3,323,177 | ||
| Additions during |
the year | 1,872 | 1,872 | |||
| At 5th April 2023 | 2,888,515 | 419,825 | 16,709 | 3,325,049 | ||
| Depreciation: | ||||||
| At 6th April 2022 | 983,749 | 347,234 | 13,044 | 1,344,027 | ||
| Charged in year |
16,041 | 11,141 | 917 | 28,099 | ||
| At 5th April 2023 | 999,790 | 358,375 | 13,961 | 1,372,126 | ||
| Net book value: | ||||||
| At 5th April 2023 | 1,888,725 | 61,450 | 2,748 | 1,952,923 | ||
| At 5th April 2022 | 1,904,766 | 70,719 | 3,665 | 1,979,150 | ||
| Properties (at cost) |
||||||
| 2023f | 2022f | |||||
| Freehold | ||||||
| All Saints Convent, St | Mary's Road, Oxford | 2,392,165 | 2,392,165 | |||
| The Old School | 474,880 | 474,880 | ||||
| Winson School House, | Bibury | 21,470 | 21,470 | |||
| Total | 2,888,515 | 2,888,515 |
| 5. | Investments | ||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Market | Market | ||||
| Value | Value | ||||
| Total | |||||
| The Central Board of |
Finance ofthe Church of England | ||||
| 238,562 units investment | fund | ||||
| (2022:238,562 units) | 5,087,222 | 5,270,843 | |||
| 596,959 units property | fund | ||||
| (2022: 596,959 units) | 752,109 | 892,454 | |||
| 553,544 (2022: 553,544) | units | ||||
| Global equity fund |
1,511,341 | 1,577,657 | |||
| Charles Stanley | 271,253 | 273,873 | |||
| 7,621,925 | 8,014,827 | ||||
| Total | Total | ||||
| 2023 E |
2022f | ||||
| Valuation at 6th April 2022 |
8,014,827 | 7,351,856 | |||
| Unrealised (losses)/gains |
(392,902) | 662,971 | |||
| Valuation at 5th April 2023 |
7,621,925 | 8,014,827 | |||
| 6. | Debtors | ||||
| 2023f | 2022 | ||||
| Investment income |
56,649 | 55,368 | |||
| Prepay ments | 10,518 | 7,602 | |||
| Other debtors | 54,803 | 19,592 | |||
| 121,970 | 82,562 |
| Creditors | ||
|---|---|---|
| 2023 | 2022f | |
| Trade creditors | 15,306 | 3,067 |
| Accruals | 22,389 | 23,886 |
| Other creditors | 2,839 | 1,905 |
| Interest free loan | 123,000 | 123,000 |
| Taxation and social security | 1,313 | 1,246 |
| 164,847 | 153,104 |
| 8. | Wages and salaries | ||||
|---|---|---|---|---|---|
| The average number ofemployees |
in total during | the year was: | |||
| 2023 | 2022 | ||||
| Total | |||||
| Full time | |||||
| Part time | |||||
| Total | |||||
| Staff costs were as follows: | |||||
| Wages and salaries | 82,599 | 76,973 | |||
| Social security | 704 | 717 | |||
| Pension costs | 6,803 | 7,428 | |||
| Recoveries | (22,050) | (22,350) | |||
| 68,056 | 62,768 |
| Auditors' remuneration |
Auditors' remuneration |
|||
|---|---|---|---|---|
| 2023 | 2022 | |||
| E | f. | |||
| Audit and accounts | 9,000 | 9,120 | ||
| Client services | 1,522 | 1,305 | ||
| Net assets by fund | ||||
| Unrestricted | Restricted | |||
| fundsf | funds | Total | ||
| Fund balances at 5th April 2023 | ||||
| were represented | by: | |||
| Tangible fixed assets | 1,952,923 | 1,952,923 | ||
| Fixed asset investments | 8,417,260 | 8,417,260 | ||
| Current assets | 759,224 | 1,566 | 760,790 | |
| Current liabilities |
(164,847) | (164,847) | ||
| 10,964,560 | 1,566 | 10,966,126 |
| 11. | Net asset by fund (continued) | |||
|---|---|---|---|---|
| Unrestricted | Restricted | |||
| funds | fundsf | Total | ||
| Fund balances at 5th April 2022 | ||||
| were represented by: |
||||
| Tangible fixed assets | 1,979,150 | 1,979,150 | ||
| Fixed asset investments | 8,632,897 | 8,632,897 | ||
| Current assets | 651,067 | 1,566 | 652,633 | |
| Current liabilities |
(153,104) | (153,104) | ||
| 11,110,010 | 1,566 | 11,111,576 | ||
| 12. | Restricted funds | |||
| Gift | Sinking | Total | ||
| fund | fund | |||
| Balance at 6th April 2023 | 1,566 | 1,566 | ||
| Income | 65,354 | 65,354 | ||
| Transfer to the Society | (65,354) | (65,354) | ||
| Total net assets | 1,566 | 1,566 | ||
| Gift | Sinking | Total | ||
| fundf | fund | |||
| Balance at 6th April 2022 | 1,566 | 1,566 | ||
| Income | 41,750 | 41,750 | ||
| Expenditure Excess over f675,000 |
(224,516) 23,679 |
(224,516) 23,679 |
||
| Transfer from the Society | 159,087 | 159,087 | ||
| Total net assets | 1,566 | 1,566 |