## |||||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| ## ## ## ## |||||Page|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| ## ## ## ## ## ##