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|||||Page|
|---|---|---|---|---|
|Annual
Report ofthe Trustees||||1-8|
|Independent
Examiner's
Report||||9-10|
|Statement
of Financial
Activities|(including|Income and Expenditure|Account)||
|Balance Sheet||||12|
|Statement
ofCash Flows||||13|
|Notes to the Financial Statements||||14-20|
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|||||||Expendable|Total|Total|
|---|---|---|---|---|---|---|---|---|
||||||Special|Endowment|Funds|Funds|
||||||Funds
f|Fund
f|2021
f|2020
f|
|Income and endowments||from:|||||||
|Investment
income|||||7,740|44,216|51,956|65,246|
|Donations
and legacies||||||15,676|15,676|44,442|
|Total income and endowments|||||f7 740|f'59 892|f67632|6109688|
|Expenditure
on:|||||||||
|Charitable
activities|||||300|50,249|50,549|91,103|
|Cost of raising funds||||||4,651|4,651|5,354|
|Total expenditure|||||300|54,900|55,200|96,457|
|Net income/(expenditure)||before net|||67,440|L4,992|f12,432|13,231|
|gains/(losses)
on investment|||assets||||||
|Net gains/(loss)
on|investment||assets|2|33,233|149,804|183,037|(247,811)|
|Net movement
in funds|||||||||
||||||L40,763|F154,796|2195,469|(L'234,580)|
|Reconciliation
offunds:|||||||||
|Total funds
brought|forward|at 1 April 2020|||159,554|1,080,851|1,240,405|1,474,985|
|Total funds carried|forward||||F200227|f1 235547|f1 435 574|21 240 405|
|at 31 March 2021|||||||||
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||||Page|2021|2020|
|---|---|---|---|---|---|
|||||F||
|Cash flows from operating|activities|||||
|Net movement
in funds for|the year|||195,469|(234,580)|
|Adjustments
for:||||||
|Investment
income||||(51,956)|(65,246)|
|Net (gain)/loss
on investment
assets
Decrease/(increase)
in debtors||||(183,037)
3,675|247,811
(3,366)|
|Increase/(decrease)
in creditors||||~33 924|12420|
|Net cash generated
from operating||activities||49 773|42 961|
|Cash flows from investing|activities|||||
|Investment
income||||51,956|65,246|
|Payments
to acquire
investments
Receipts from sales of investments||||(175,309)
189 169|(19,763)
30098|
|Net cash generated
from investing||activ/ties||f65 816|875 581|
|Net increase/decrease
in cash and cash equivalents||||L16,043|F32,620|
|Cash and cash equivalents|at 1 April 2020|||38526|5906|
|Cash and cash equivalents|at 31 March 2021|||F54 569|f38526|
|Cash and cash equivalents|consist|of:||||
|Cash held with;||||||
|Redmayne
Bentley||||11,076|1,878|
|CCLA||||25,307|307|
|Barclays Bank||||12,468|34,907|
|PayPal||||5,269|1,070|
|Banco Santander||||449|364|
|||||F54 569|F38526|
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|FIXEDASSETS INVESTME|N|TS|||||
|---|---|---|---|---|---|---|
||||Special|Endowment|Total|Tota|
||||Funds
f|Funds
f|2021|202(|
|Investments
at market value comprise:|||||||
|Quoted
investments
within
Quoted
investments
outside|the UK
the UK||176,689|1,049,143
149358|1,225,832
149358|1,092,43(
11357.'|
|Total investments
excluding||cash|176,689|1,198,501|1,375,190|1,206,01:.|
|Cash at Redmayne-Bentley||—capital||11,076|11,076|1,971|
|account|||||||
|Total investment
assets|||E176689|E1 209 577|E1 386266|E1 207 891|
|Quoted investments|||||||
|Market value at 1 April 2020
Additions
at cost|||143,456|1,062,557
175,309|1,206,013
175,309|1,464, 15&
19,76:.|
|Disposals at carrying
value
Net realised gains/(losses)
on sales
Net unrealised
gains/(losses)
on valuation|||33,233|(189,169)
9,129
140,675|(189,169)
9,129
173,908|(30,098
(673
(247,138|
|Market value at 31 March 2021|||E176689|21 198501|81 375 190|E1 206 011|
|Historical cost at 31 March||2021|E128894|E930551|E1 059445|61 03313:|
|Unrealised
net gains on investment|||F47 795|f267 950|f315745|f16935(|
|assets|||||||
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|FIXEDASSETS INVESTMENTS (continued)
Value ofinvestments
held exceeding 5%ofthe|FIXEDASSETS INVESTMENTS (continued)
Value ofinvestments
held exceeding 5%ofthe|investment|portfolio|2021|2020|
|---|---|---|---|---|---|
|M&G Investment
Management
Limited Charifund||Inc||f176,689|f281,189|
|||||12.84%|23.31%|
|||Special|Endowment|Total|Total|
|3.|INVESTMENT INCOME|Funds
f|Fund|2021f|2021|
||Income from UK quoted equities||27,128|27,128|32,745|
||Income from UK quoted
unit trusts|7,740|7,620|15,360|26,387|
||Income from UK quoted
bonds
Income from foreign quoted equities||5,161
4,307|5,161
4,307|1,235
4,879|
||Total Income from quoted
investments|f7 740|f44 216|f51 956|f65 246|
|||Page||Total|Total|
|4.|DONATIONS
AND LEGACIES|||2021f|2020|
||Subscriptions|||13,894|14,007|
||Conference
payments||||8,220|
||Gift Aid relief|||973|929|
||Donations|||120|290|
||Publications|||644|871|
||Royalties
and Legacy|||45|20,025|
|||||f15676|f44 442|
|5.|CHARITABLE ACTIVITIES|||||
||Expenditure
on Charitable
Activities;|||||
||Charitable
grants made (see note 6)|17||(9,700)|15,308|
||Publication
expenses|||7,096|9,673|
||Annual
conference||||7092|
||Governance
costs (see note 7)|17||(2,604)
53 153|32,073
59030|
||Total Charitable
Activities|||f50 549|f91 103|
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||||Page|2021
f|2020f||
|---|---|---|---|---|---|---|
|CHARITABLE GRANTS|MADE||||||
|Oxford Theological
Exchange Programme||(OTEP)||(10,000)|10,000||
|The Athens
Bureau|||||3,000||
|Pusey House Theological|Conference||||||
|Anglican
Orthodox Moscow Meeting|||||1,000||
|Russian
Orthodox Conference|||||||
||||||14,000||
|Special Fund travel grant|1—(2020 x6)|||300|1,308||
|Special Fund library fund|grant||||||
|Total charitable
grants made (see note||5)||fg 700|f15308|(|
|GOVERNANCE
COSTS|||||||
|Salary costs (see note 8)
Rental expenses||||44,314
5,735|43,445
5,590||
|Director and general secretarial expenses||||90|3,471||
|Administration
expenses||||697|1,744||
|Hospitality|||||1,964||
|Office expenses||||675|1,080||
|Telephone
and post
Insurance||||805
687|966
520||
|Publicity|||||150||
|Subscriptions||||150|100||
|Total governance
costs|(see note 5)|||553 153|f59030||
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|8.|SALARIES|||Page|2021
E|2020
E|
|---|---|---|---|---|---|---|
||Net Salary payments
were|made to:-|||||
||M Johnstone
(Treasurer)||||6,718|6,605|
||The Very Revd Stephen
Platt||(General Secretary)||21,605|21,150|
||The Revd Dr Kristian Akselberg
PAYE & NIC
Pension
contributions||||5,567
7,207
3,217|5,456
7,080
3,154|
|Total|salary costs (from note 7)||||E44 314|f43 445|
|9.|COST OF RAISING FUNDS||||||
||Investment
management
fees|||11|f4 651|E5354|
|10.|DEBTORS||||||
||Investment
income
in course of collection||||5,927|7,707|
||HM Revenue
&Customs -|Gift|Aid reclaim||1,829|3,724|
|||||12|E7 756|E11431|
|11.|CASH DEPOSITS HELD||||||
||Barclays Bank —community|account|||12,468|34,907|
||Redmayne
Bentley —capital|account|||11,076|1,878|
||PayPal account
Banco Sntander —business|account|||5,269
449|1,070
364|
||CCLA —Church of England|deposit account|||25,307|307|
||||||E54,569|f38,526|
||Less: Investment
cash reported||under note 2||(11,076)|(1,878)|
||||||E43493|f36648|
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|CREDITORS|- amounts|- amounts|falling|falling|due with one year|due with one year|due with one year|Page|2021|2020f||
|---|---|---|---|---|---|---|---|---|---|---|---|
|HMRC 8 NEST|||||||||869|853||
|OTEP Grant||||||||||10,000||
|Investment
management|||fees||||||772|784||
|Office Expenses||||||||||||
|Sobornost||||||||||3,928||
|||||||||12|E1 641|E15565||
|FUND RECONCILIATION||||||||||||
||||Balance||||||Gains/|Balance||
||||b/f|2020
f||Income
f||Expenditure
f|(losses)|c/f 2021||
|Special Funds|||159,554|||7,740||300|33,233|200,227||
|(see below)||||||||||||
|Endowment|Fund||1 080||851|59|892|54 900|149804|1 235 647||
||||||||||||t|
|Total Funds|||E1 240||405|F67|632|E55 200|E183037|21 435 874||
|Special Funds:||||||||||||
|Hill Fund|||34,277|||1,881|||8,076|44,234||
|Anne Spalding||Fund|39,144|||2,143|||9,206|50,493|)|
|Library Fund||||4,638|||341||1,462|6,441||
|Gillet Fund|||||157|||||157||
|Lascelles Fund|||81||338|3|375|300|14489|98902||
||||E150||554|E7|740|E300|f33233|f200 227||
|ANALYSIS OF NET ASSETS||||BETWEEN FUNDS||||||||
|||||||Special||Endowment|Total|Total||
|||||||Fundsf||Fundf|2021|2020
F||
|Investments||||||176,689||1,209,577|1,386,266|1,207,891||
|Debtors||||||||7,756|7,756|11,431||
|Cash at Bank||||||23,538||19,955|43,493|36,648||
|Creditors||||||||~1641|~1641|~15565||
|Total Funds||||||E200|227|E1 235 647|E1 435874|E1 240 405||
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