| Total | Total | |||
|---|---|---|---|---|
| Notes | 2022 | 2021 | ||
| Income and endowments from: | ||||
| Donations and legacies | 2 | 259,197 | 171,069 | |
| Charitable activities | 3 | 2,306 | 2,103 | |
| Investments | 4 | 242,433 | 200,570 | |
| Total income | 503,936 | 373,742 | ||
| Expenditure on: | ||||
| Raising funds - investment management fees |
38,920 | 35,267 | ||
| Charitable activities | 5 | 318,639 | 293,225 | |
| Total expenditure | 357,559 | 328,492 | ||
| Net income/(expenditure) before investment | ||||
| gains/(losses) | 146,377 | 45,250 | ||
| Net losses/(gains) on investments Gain on revaluation of investment properties |
12 10 |
(337,894) | 586,952 567,ooo |
|
| Loss on disposal of fixed assets Foreign exchange (gain)/loss |
(17) 992 |
(38) | ||
| Net movement in funds | (190,542) | 1,199,164 | ||
| Reconciliation of funds | ||||
| Fund balances brought forward at 1 October 2021 | 14 | 11 | 10,477,429 | |
| Fund balances carried forward at 30 September 2022 | 14 | El 1 |
| Note | 2022 | 2021 | ||
|---|---|---|---|---|
| Fixed Assets | ||||
| Tangible fixed assets | 9 | 1,212,323 | ||
| Investment properties | 10 | 5,100,000 | ||
| 6,312,323 | 6,384,421 | |||
| CurrentAssets | ||||
| Reading Room Stock | 6,038 | 5,133 | ||
| Debtors | 11 | 28,338 | 30,426 | |
| Waverton Investment | Portfolio | 12 | 5,063,796 | |
| Cash at bank and in hand | 100,820 | 224,306 | ||
| 5,200,646 | 5,323,661 | |||
| Creditors: amounts | falling due within one year | 13 | 26,918 | 31,489 |
| Net CurrentAssets | 5,173,728 | 5,292,172 | ||
| NetAssets | 15 | El 1 | El 1 | |
| Funds | ||||
| Unrestricted | ||||
| - General |
14 | 2,453,341 | 2,571 ,785 | |
| - Designated Fund | — Youth Fund |
14 | 16,747 | 16,747 |
| - Designated Fund | — Fixed Asset Fund | 14 | 6,312,323 | 6,384,421 |
| - Designated Fund | — Building Fund | 14 | 2,703,640 | 2,703,640 |
| 14 | El 1 | El 1 |
| recorded at tra | nsact | ion price. Any losses arising from i | mpairments are recognised in expe |
nditure. |
|---|---|---|---|---|
| DONATIONS | AND | LEGACIES | Total | Total |
| 2022 | 2021 | |||
| Collections | 4,628 | 1,366 | ||
| Donations | 4,960 | 9,590 | ||
| Covenants | 6,2221 | 10,018 | ||
| Legacies | 243,388 | 150,095 | ||
| 259,197 | E171,069 |
| CHARITABLEACTIVITIES | Total | Total |
|---|---|---|
| 2022 | 2021 | |
| Reading room sales | 2,306 | 2,103 |
| INVESTMENT INCOME | Total | Total |
| 2022 | 2021 | |
| Rent | 130,413 | 103,134 |
| Dividends and interest | 112,020 | 97,436 |
| €242,433 | E200,570 |
| 5. | ANALYSISOF EXPENDITURE | Direct | Grants | Support | Total | Total | |
|---|---|---|---|---|---|---|---|
| ON CHARITABLEACTIVITIES | costs | funding | costs | 2022 | 2021 | ||
| Salaries | 38,123 | 51,499 | 89,622 | 96,156 | |||
| Fees- organist and soloists | 18,180 | 18,180 | 25,800 | ||||
| Reading room purchases | 5,381 | 5,381 | 5,658 | ||||
| Lectures | 4,892 | 4,892 | 6,092 | ||||
| Grants/subsidies paid (note 7) | 34,248 | 34,248 | 30,154 | ||||
| Church maintenance | 41,483 | 41,483 | 9,801 | ||||
| Telephone, light and heat Printing and stationery |
10,161 3,352 |
10,161 3,352 |
9,214 3,194 |
||||
| Insurance | 6,744 | 6,744 | 6,301 | ||||
| IT Support | 2,536 | 2,536 | 3,489 | ||||
| Bank charges | 558 | 558 | 580 | ||||
| Professional fees | 6,371 | 6,371 | 14,013 | ||||
| Investment property refurbishment | 11,880 | 11 ,880 | 3,439 | ||||
| Investment property utilities | 2,938 | 2,938 | 3,617 | ||||
| Miscellaneous expenses Governance costs - Audit fees |
86 4,078 |
86 4,078 |
3,480 | ||||
| Depreciation of church building | 67,894 | 67,894 | 67,894 | ||||
| Depreciation of equipment | 3,674 | 3,674 | 4,343 | ||||
| Travel expenses | 4,561 | 4,561 | |||||
| €66,576 | E34,248 | €217,815 | E318,639 | 293,225 | |||
| 6. | ANALYSISOF COMPARATIVEDIRECT | Direct | Grant | Support | Total | ||
| AND SUPPORTCOSTS BY ACTIVITY | costs | funding | Costs | 2021 | |||
| Church activities | E71 ,210 | €30,154 | El 91 ,861 | €293,225 | |||
| 7. | ANALYSISOF GRANTS | Donations | Donations | ||||
| to | to | Total | Total | ||||
| institutions | individuals | 2022 | 2021 | ||||
| Church activities | E34,OOO | 2248 | E34,248 | 230,154 | |||
| Recipients of donations to institutions | 2022 | 2021 | |||||
| Hawthorne Trust Limited | 20,000 | 10,000 | |||||
| The Aid Fund | 1,ooo | 1 ,ooo | |||||
| Glass Door Homeless Charity | 2,000 | 2,000 | |||||
| TMC Emergency Relief | 1,ooo | 1 ,ooo | |||||
| Easter Camp Donation | 1,ooo | 1 ,ooo | |||||
| Sunrise of Africa | 1 ,ooo | 1 ,ooo | |||||
| Mountlands Trust Limited | 5,000 | 4,000 | |||||
| Whitehaven Trust Limited | 4,000 | ||||||
| Joint CS Reading Room | 1 ,ooo | 1,000 | |||||
| Polish Church | 2,000 | ||||||
| Focus Donation | 1 ,ooo | ||||||
| Visiting Nurse Service London | 3,000 | ||||||
| 234,000 | 29,000 |
| 8. | STAFF COSTS | 2022 | 2021 |
|---|---|---|---|
| Salaries and Wages | 87,695 | 92,286 | |
| Social Security Costs | 889 | 2,632 | |
| Pension Costs | 1,038 | 1,238 | |
| E89,622 | 296,156 | ||
| The average number of employees, analysed by function was: |
2022 Number* |
2021 Number* |
|
| Church Services | 2 | 2 | |
| Reading Room | 2 | 2 | |
| Church Building | 1 | 1 | |
| Management and Administration | 2 | 2 | |
| 7 | 7 |
| Total remuneration received by key man | agement amounted | to ENil (2021 : EN | l ). | |||
|---|---|---|---|---|---|---|
| 9. | TANGIBLE FIXEDASSETS | Freehold Property |
Office | |||
| Church | Property | Furniture & | ||||
| Building | Improvements | Equipment | Total | |||
| Cost or Valuation | ||||||
| Balance at 1 October 2021 | 978,323 | 107,651 | 2,285,974 | |||
| Additions in the year Disposals in the year |
(530) | (530) | ||||
| Balance at 30 September 2022 | 978,323 | 107,121 | 2,285,444 | |||
| Depreciation | ||||||
| Balance at 1 October 2021 | 904,592 | 96,961 | 1 | ,001 ,553 | ||
| Charge for the Year | 67,894 | 3,806 | 71,700 | |||
| Eliminated on disposal | (132) | (132) | ||||
| Balance at 30 September 2022 | 972,486 | 100,635 | 1,037,121 | |||
| Net Book Value at | ||||||
| 30 September 2022 | El | €5,837 | E6,486 | El | ||
| Net Book Value at | ||||||
| 30 September 2021 | E73,731 | EIO,690 | El |
| 10. | INVESTMENT PROPERTIES | 2022 | 2021 |
|---|---|---|---|
| Market Value at 30 September2022 and 30 September 2021 | |||
| Analysis of Investment Properties | |||
| 6 Wrights Lane | |||
| 51 Iverna Gardens | 100,000 | 100,000 | |
| 156/156A Fulham Road | |||
| €5,100,000 |
| MeadowcroftSurveyors LLP. In the opinion of the Trustees, th | e current value is not materia | lly different. | |
|---|---|---|---|
| 11. | DEBTORS | 2022 | 2021 |
| Accrued Income | 28,338 | €30,426 | |
| 12. | WAVERTONINVESTMENT PORTFOLIO | Listed Investments | |
| 2022 | 2021 | ||
| Market Value at 1 October 2021 | 4,935,386 | 4,215,526 | |
| Charity Property Fund at 1 October 2021 | 128,410 | 123,757 | |
| 4,339,283 | |||
| Additions at cost | 1,598,134 | ||
| Disposals at market value | (840,692) | ||
| Unrealised(loss)/gain on marketable securities | (302,872) | 545,842 | |
| Market Value at 30 September2022 |
| Analysis of investment gains/(losses) | 2022 | 2021 |
|---|---|---|
| Unrealised (loss)/gains on revaluations | (302,872) | 545,842 |
| Realised (losses)/gains on disposal | (35,022) | 41,110 |
| E586,952 |
| CREDITORS: Amounts falling due within one year | 2022 | 2021 |
|---|---|---|
| Accruals | 20,570 | 24,770 |
| Other creditors | 6,348 | 6,719 |
| €26,918 | €31,489 |
| UNRESTRICTED FUNDS | Fixed | ||||
|---|---|---|---|---|---|
| General | Youth | Building | Assets | ||
| Reserves | Fund | Fund | Fund | Total | |
| Balance at 1 October 2021 | 2,571 ,785 | 16,747 | 6,384,421 | ||
| Deficit for the Year | (190,542) | (190,542) | |||
| Transfers between Funds | 72,098 | (72,098) | |||
| Balance at 30 September 2022 | El6,747 | ||||
| Fixed | |||||
| General | Youth | Building | Assets | ||
| Reserves | Fund | Fund | Fund | Total | |
| Balance at 1 October 2020 | 16,747 | 5,881,128 | 10,477,429 | ||
| Surplus for the Year | 1,199,164 | 1,199,164 | |||
| Transfers between Funds | (503,293) | 503,293 | |||
| Balance at 30 September 2021 | El 6, 747 |
| Transfers between funds represen | t the movemen | ts on fixed | assets. | |||
|---|---|---|---|---|---|---|
| 15. | ANALYSISOF NET ASSETS | Fixed | ||||
| BETWEEN FUNDS | General | Youth | Building | Assets | ||
| Reserves | Fund | Fund | Fund | Total | ||
| 2022 | ||||||
| Fixed Assets | 6,312,323 | 6,312,323 | ||||
| Marketable Securities | 2,361 ,810 | |||||
| Other Net Current Assets | 91 ,531 | 16,747 | 108,278 | |||
| Balance at 30 September 2022 | €16,747 |
| mparative information for the analy | sis of net asset | s between f | unds in the pre | vious year is | as follows: |
|---|---|---|---|---|---|
| Fixed | |||||
| General | Youth | Building | Assets | ||
| Reserves | Fund | Fund | Fund | Total | |
| 2021 | |||||
| Fixed Assets | 6,384,421 | 6,384,421 | |||
| Marketable Securities | 2,360, 156 | 2,703,640 | |||
| Other Net Current Assets | 211 ,629 | 16,747 | 228,376 | ||
| Balance at 30 September 2021 | 216,747 | El 1 |