| Page | ||||
|---|---|---|---|---|
| Charity Information | ||||
| Committee | members' | report | 2 —5 | |
| Independent | Examiners' | report | ||
| Statement | offinancial | activities | ||
| Balance sheet | ||||
| Notes | 9 —13 |
| Charity registered | Charity registered | number | 244005 | ||
|---|---|---|---|---|---|
| Committee | members | Mrs JGreensmith | (Chair) | Mr DMcDonnell | |
| Mr W D Fulton | Mr D Morrison | ||||
| Canon M Davies | Dame Lorna Muirhead | ||||
| Mr GAppleton | Mr DIRenison | ||||
| MrJCrane | MrPTHTod | ||||
| MrJDavies | Rt Revd Paul Bayes | ||||
| Mr A Hannay | Mr A Fletcher | ||||
| Ms JHauxwell | Very Reverend Dr Sue Jones | ||||
| Hon. Secretary | Mr D IRenison | ||||
| Registered | Office | St James House | |||
| 20 StJames Road | |||||
| Liverpool | |||||
| Ll 7BY | |||||
| Bankers | HSBC | ||||
| 4 Dale Street | |||||
| Liverpool | |||||
| L692BZ | |||||
| Independent | Examiners | Anita C Mason BA(Hons) BFPFCA | |||
| BWM Chartered | Accountants | ||||
| Tempest | |||||
| Suite 5.1 | |||||
| 12Tithebarn Street |
|||||
| Liverpool | |||||
| L2 2DT | |||||
| Investment | Managers | Quilter Cheviot | |||
| 5 St Paul's Square | |||||
| Liverpool | |||||
| L39SJ |
| 2021 | 2020 | ||
|---|---|---|---|
| Fixed Interest | UK | 9.3% | 16.7% |
| Index Linked | UK | ||
| Fixed Interest | Overseas | 5.4% | |
| Equities UK | 42.0% | 39.7% | |
| Equities US | 17.3% | 18.8% | |
| Equities Japan | 2.0% | 2.2% | |
| Equities Europe | 4.2% | 4.2% | |
| Asia Pacific | 2.6% | 4.2% | |
| Equities Other | 4.5% | 4.8% | |
| Property/other | funds | 12.3% | 9.0% |
| Cash | 0.3% | 0.2% |
| Unrestricted | Total | Unrestricted | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Funds | |||||||||
| Funds | 2021 | 2020 | |||||||
| Income and expenditure | Note | ||||||||
| Incoming resources | |||||||||
| Donations and legacies |
118,010 | 118,010 | 110 | ||||||
| Investment income |
59,592 | 59,592 | 54,353 | ||||||
| Other income | |||||||||
| Total incoming resources |
177,583 | 177,583 | 54,463 | ||||||
| Resources expended | |||||||||
| Costs ofraising funds | 10,988 | 10,988 | 10,731 | ||||||
| Expenditure on charitable |
activities | 189,653 | 189,653 | 148,437 | |||||
| Total expenditure | 200,641 | 200,641 | 159,168 | ||||||
| Net incoming/ (outgoing) |
resources | before | gains/ | ||||||
| (losses) on investments | (23,040) | (23,040) | (104,705) | ||||||
| Net gains/ (losses) on investment | assets | 179,498 | 179,498 | (97,486) | |||||
| Net movement in funds |
154,458 | 154,458 | (202,191) | ||||||
| Reconciliation offunds: | |||||||||
| Total funds brought forward |
at 1 | January | 8 | 1,746,971 | 1,746,971 | 1,949,161 | |||
| Total funds carried forward | at | ||||||||
| 31December | 1,903,429 | 1,903,429 | 1,746,971 |
| Unrestricted | Total | Unrestricted | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Funds | 2021 | Total | |||||||||
| 2020 | |||||||||||
| Donations | 125 | 125 | 110 | ||||||||
| Legacies | 117885 | 117885 | |||||||||
| 118010 | 118010 | 110 | |||||||||
| 2 | Investment | income | |||||||||
| Unrestricted | Total | Unrestricted | |||||||||
| Funds | 2021 | Total | |||||||||
| 2020 | |||||||||||
| UK Equities & | other | investments | 48,282 | 48,282 | 41,342 | ||||||
| UK Government | Securities | 2,150 | 2,150 | 2,469 | |||||||
| Foreign Equities &other | investments | 9,139 | 9,139 | 10,473 | |||||||
| Bank interest | 20 | 20 | 69 | ||||||||
| 59 592 | 59 592 | 54 353 | |||||||||
| Total investment | income amounting | to | f54,353 in the prior year | was unrestricted | in nature. | ||||||
| 3 | Costs ofraising | funds | |||||||||
| Unrestricted | Total | Unrestricted | |||||||||
| Funds | 2021 | Total | |||||||||
| 2020 | |||||||||||
| Investment | management | charges | 10988 | 10988 | 10731 | ||||||
| 4 | Expenditure | on charitable | activities | ||||||||
| Unrestricted | Total | Unrestricted | |||||||||
| Total | |||||||||||
| Funds | 2021 | 2020 | |||||||||
| Grant funded activities: | |||||||||||
| Grants to Liverpool Cathedral | in | year | |||||||||
| - Maintenance | Dept. costs contribution | 188,231 | 188,231 | 147,015 | |||||||
| Support and governance | costs: | ||||||||||
| Independent Examination |
fees | 1,422 | 1,422 | 1,422 | |||||||
| 189,653 | 189,653 | 148,437 |
| Investments comprise shares value at 31December 2021: |
an | d | unit trusts in quoted companies |
and UK Government stock |
s, stated at mark |
|
|---|---|---|---|---|---|---|
| Total | Total | |||||
| 2021 | 2020 | |||||
| Movement in investments in |
the year was: | |||||
| Market value ofinvestments | at 1 | January | 1,689,668 | 1,866,427 | ||
| Purchases in the year at cost |
134,879 | 151,515 | ||||
| Sales proceeds from disposals | in the year | (146,894) | (230,789) | |||
| Gains and (Losses) in the year: | ||||||
| -Realised gains | 14,349 | 17,365 | ||||
| -Realised losses | ||||||
| -Unrealised gains I(losses) |
on | revaluation | 165,149 | (114,851) | ||
| Net movement during the year |
167,483 | (176,760) | ||||
| Market value ofinvestments | at 31December | 1,857,151 | 1,689,668 | |||
| Historic cost ofinvestments | at | 31December | 1,444,237 | 1,441,418 | ||
| The main categories ofinvestments | at the year end were: | |||||
| 2021 | 2020 | |||||
| UK Equities &other investments | 1,011,529 | 824,898 | ||||
| UK Government Securities |
174,039 | 163,146 | ||||
| Foreign Equities &other investments | 671 583 | 701 624 | ||||
| 1 857 151 | 1 689668 | |||||
| 6 | Debtors: amounts falling due |
within one year | ||||
| 2021 | 2020 | |||||
| Accrued interest and dividends | 4,191 | 4,294 | ||||
| 4,191 | 4,294 | |||||
| 7 | Creditors: amounts falling due within one year |
|||||
| 2021 | 2020 | |||||
| Grant commitments | 188,231 | |||||
| Accruals and deferred income | 4,195 | 7,102 | ||||
| 192426 | 7 102 |