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||||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|
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|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|
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|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||
##
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|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|
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|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||||
##
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|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|
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