2022-03-31-accounts - The Fellowship Of St Alban And St Sergius

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				Page
Annual Report of the 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

					N	Special Funds	Expendable Endowment Fund	Total Funds 2022	Total Funds 2021
					0
					t
					e
Income and endowments	from:
Investment income Donations and legacies					3 4	6,190	48,586 21,993	54,776 21,993	51,956 15,676
Total income and endowments						6 190	70 579	76769	67 632
Expenditure on:
Charitable activities Cost of raising funds						(92)	(73,469) (5,202)	(73,561) (5,202)	(50,549) (4,651)
Total expenditure						(92)	(78,671)	(78,763)	(55,200)
Net income/(expenditure)			before	net		6,098	(8,092)	(1,994)	12,432
gains/(losses) on investment		assets
Net gains/(loss) on investment			assets			12,876	70,655	83,531	183,037
Net movement in funds						18,974	62,563	81,537	195,469
Reconciliation offunds:
Total funds brought forward	at	1	April 2021			200,227	1,235,647	1,435,874	1,240,405
Total funds carried forward						219,201	1,298,210	61,517,411	61,435,874
at 31 March 2022

STATEMENT OF CASH FLOWS	STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2022
	Page	2022	2021
		E
Cash flows from operating activities
Net movement in funds-for the year		81,537	195,469
Adjustments for: Investmt. nt income Net (gain)/loss on investment assets Decrease/(increase) in debtors Increase/(decrease) in creditors		(54,776) (83,531) (628) 5	(51,956) (183,037) 3,675 ~13924
Net cash generated from operating	acfivities	57393	49773
Cash flows from investing activities
Investment income		54,776	51,956
Payments to acquire investments Receipts from sales of investments		(128,009) 128860	(175,309) 189169
Nef cash generated frominvesting	acfivities	55626	65 816
Net increase/decrease in cash and	cash equivalents	(1,767)	16,043
Cash and cash equivalents at 1 April 2021		54569	38526
Cash and cash equivalents at 31Ilarch 20		E52802	F54569
Cash and cash equivalents consist	of:
Cash held with:
Redmayne Bentley CCLA Barclays Bank PayPal Banco Santander		6,706 25,307 23,472 678 520 56,683	11,076 25,307 12,468 5,269 449
Less London Branch		L33881 52 802
Less Investment cash reported under note 2		~6706	11076
		E46096	L'43 493

FIXEDASSETS INVESTMENTS
		Special	Endowment	Total	Total
Investments at market value comprise:		Fundsf	Funds f	2022	2021f
Quoted investments within the UK		189,565	1,022,744	1,212,309	1,225,832
Quoted investments outside the UK			245 561	245 561	149358
Total investments excluding cash		189,565	1,268,305	1,457,870	1,375,190
Cash at Redmayne-Bentley —capital account			6,706	6,706	11,076
Total investment assets		189565	1 275 011	1 464 576	1 386266
Quoted investments
Market value at 1 April 2021 Additions at cost Disposals at carrying value Net realised gains/(losses) on sales Net unrealised gains/(losses) on revaluation		176,689 12876	1,198,501 128,009 (128,860) 773 69 882	1,375,190 128,009 (128,860) 773 82 758	1,206,013 175,309 (189,169) 9,129 173908
Market value at 31 March 2022		E189565	E1 268 305	E1 457 870	E1 375 190
Historical cost at 31 March 2022		7128894	E983018	21111912	E1059445
Unrealised net gains on investment	assets	f60 671	E285287	E345 958	E315745

	FIXEDASSETS INVESTMENTS (cont	FIXEDASSETS INVESTMENTS (cont	inued)
	Value ofinvestments held exceeding		5%ofthe	investment	portfolio	2022	2021
	MKG Investment Management	Limited	Charifund	Inc		f189,565 12.94%	F176,689 12.84%
				Special	Endowment	Total	Total
3.	INVESTMENT INCOME			Fundsf	Fund	2022f	2022f
	Income from UK quoted equities				17,511	17,511	27,128
	Income from UK quoted unit trusts			6,190	14,488	20,678	15,360
	Income from UK quoted bonds Income from foreign quoted equities				7,581 9,005	7,581 9,005	5,161 4,307
	Total Income from quoted investments			F6 190	f48 585	F54775	f51 956
4.	DONATIONS AND LEGACIES			Page		Total 2022f	Total 2021 F
	Subscriptions Conference payments Gift Aid relief					14,652 5,881 807	13,894 973
	Donations					130	120
	Publications					524	644
	Royalties and Legacy						45
						F21 994	f15676
5.	CHARITABLE ACTIVITIES
	Expenditure on Charitable Activities:
	Charitable grants made (see note 6) Publication expenses Annual conference			17		2,092 9,883 5612	(9,700) 7,096
						17,587	(2,604)
	Governance costs (see note 7)			17		55974	53153
	Total Charitable Activities					f73 561	f50549

				2022	2021
CHARITABLE GRANTS	MADE			E	E
Oxford Theological Exchange The Athens Bureau		Programme	(OTEP)		(10,000)
Pusey House Theological	Conference			2,000
Anglican Orthodox Moscow Meeting
Russian Orthodox Conference
Special Fund travel grant	1-(2020 x 6)			92	300
Special Fund library fund	grant
Total charitable grants made		(see note	5)	E2,092	(F9,700)
GOVERNANCE COSTS
Salary costs (see note 8) Rental expenses Director and general secretarial		expenses		45,195 5,821 1,334	44,314 5,735 90
Administration expenses				847	697
Hospitality				197
Office expenses				731	675
Telephone and post				840	805
Insurance				724	687
Publicity
Subscriptions				285	150
Total governance costs	(see	note 5)		655,975	253,153

	THE FELLOWSHIP OF STALBAN AND STSERGIUS	THE FELLOWSHIP OF STALBAN AND STSERGIUS
	NOTES TO THE FINANCIAL STATEINENTS
	FOR THE YEAR ENDED 31 INARCH 2022
		Page	2022	2021
8.	SALARIES			E
	Net Salary payments were made to:- M Johnstone (Treasurer) The Very Revd Stephen Platt (General Secretary) The Revd Dr Kristian Akselberg . PAYE 8 NIC Pension contributions		6,814 21,984 5,677 7,440 3,281	6,718 21,605 5,567 7,207 3,217
	Total salary costs (from note 7)		645 196	F44 314
9.	COST OF RAISING FUNDS
	Investment management fees	11	E5202	f4 651
10.	DEBTORS
	Investment income in course of collection HM Revenue 8 Customs - Gift Aid reclaim	12	5,749 2,635	5,927 1,829
			E8 384	F7756
11.	CASH DEPOSITS HELD
	Barclays Bank —community account Redmayne Bentley —capital account PayPal account Banco Sntander —business account CCLA —Church of England deposit account		23,472 6,706 678 519 25,307	12,468 11,076 5,269 449 25,307
			F56,682	F54,569
	Less; Investment cash reported under note 2 Less London Branch		(6,706) (3,881)	(11,076) 0
			F46,095	843,493

CREDITORS - amounts	CREDITORS - amounts	CREDITORS - amounts	falling due with one year	falling due with one year	Page 2022	Page 2022	2021
HMRC 8 NEST OTEP Grant						893 E 869
Investment management Office Expenses			fees			753 772
Sobornost
					12	E1 646	f1 641
FUND RECONCILIATION
			Balance			Gains/	Balance
			b/f 2021 E	Income E	Expenditure FE	(losses)	c/f 2022
Special Funds (see below)			200,227	6,190	(92)	12,876	219,201
Endowment Fund			1 235647	70579	78672	70655	1 298 210
Total Funds		E1 435 874		276 769	F78764	683 531	E1 517411
Special Funds:
Hill Fund Anne Spalding Library Fund Gillet Fund Lasceiles Fund	Fund		44,234 50,493 6,441 157 98902	1,369 1,562 199 3060	~92	2,847 3,250 414 6 365	48,450 55,305 7,054 157 108235
			L'200 227	L'6 'l90	F92	212 876	E219201
ANALYSIS OF NET		ASSETS BETWEEN FUNDS
				Special	Endowment	Total	Total
				Funds	Fund	2022	2021
				E		E	E
Investments Debtors Cash at Bank Creditors				189,565 29,636	1,275,011 8,385 16,460 ~1646	1,464,576 8,385 46,096 ~7646	1,386,266 7,756 43,493 ~1641
Total Funds				E219201	E1 298 210	E1 517411	E1 435 874