2022-12-31-accounts - Church Society

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Trustees' and directors' report	1-6
Independent auditor's report	F 6
Statement offinancial activities
Income and expenditure account	16
Balance sheet
Notes to the financial statements	12-23

Council members	Council members	The Revd N TAtkinson
		The Revd Dr M E Burkill
		The Revd PT Darlington
		The Revd M EDavy
		The Revd MrJEggertsen	(until 28e June 2022)
		The Revd M Hayden
		The Revd DrJ Hughes
		Mrs R C Hunt
		The Revd C R H Kilgour
		The Revd Dr RS Munro
		Mrs A Robbie
		The Revd A PJTowner (Chairman) The Revd DrJ D Ward
		The Revd Dr TWoolford	(until 31"August 2022)
Director		The Revd Dr Lee Gatiss
Charity number		249574
Company	number	213142
Registered	office	Hille Business Estate
		132StAlbans Road
		Wafford
		WD24 4AE
Auditors		Jacob Cavenagh &Skeet
		5 Robin Hood Lane
		Sutton
		Surrey
		SM1 2SW
Principal address		Hille Business Estate
		132StAlbans Road
		Watford
		WD24 4AE

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						2022	2021
						f	f
Income						153,559	190,473
Gains/(losses)	on	investments				(215,242)	170,360
Interest and investment			income			117,322	110,559
Gross income	in	the reporting		period		55,639	471,392
Expenditure						284,030	269.978
Depreciation						1,052	670
Total expenditure		in the	reporting		period	285,082	270,648
Net income for	the	year				(229,443)	200,744

			2022	2021
			f	f
Net income	for the year		(229,443)	200,744
Other comprehensive		income
Revaluation	of tangible	fixed assets		43,462
Total comprehensive		income for the year	(229,443)	244,206

				2022		2021
					6	f	6
Reed assets
Tangible assets					749,463		748,102
Investnwnts					2,631.858		2,855.873
					3,381,121		3,M3,775
Crsrera assets
Stocks			10	9,098		10,418
Debtom			11	24,811		22,493
Cash st bank end ln		hend		142,587		358,311
				176,496		391,222
Crerg tore:	amouras	falling due wlthln
oM year			12	(42,372)
Net current	assets				134,124		355,984
Total assets lass currant Ilablgtles					3,515,245		3,959,739
Cradtors:	emouras	falling due atter
mora ttmn	trna year		13		(199,590)		(412,841)
Provl alon for ll shill		ties	18				(2,000)
Funds
Endowment	funds		14		1,796,963		1,949,702
Restricted	funds		15		1,108,825		1,161,935
Unrestricted	funds				409,867		433,461

							2022 f	2021f
Investment	properties						83,298	78,446
Common investment			funds				34,032	32,095
Cash deposits							2	18
							~117322	110559
Grants Paid
							2022f	2021 6
Amalgamated		Ordination		and Training		Fund
Scholarships							4,500	1,500
Book grants							500	497
							5,000	1,997
GeneralFund
Contribution	to	St Faith's, Maidstone					250
Maidstone	St.	Faiths	Parish Room
Contribution	to	St.Faith's,		Maidstone				250
Mary Vere Fund
Scholarships							500
Gloucester	Mariners		Hall
Contribution	to	Gloucester		Mariners	Hall
Paddock Wood Parochial				Hall Trust
Contribution	to	Paddock Wood Church					27760	25579

5	Operating leases							2022	2021
								E	E
	The charity is committed to the	following		payments	under operating	leases:
	Not later than one year							7,320	14,170
	Later than one year and not later than		five years						4,991
								7,320	19,161
	Lease payments charged to expenditure			in the year				16.320	16,020
6	Charitable activities				Slaffcosls	Depreciation	Other costs	Total	Total
								2022	2021 f
	Grant funding ofactivities						33,738	33,738	27,826
	Activities undertaken directly Support costs				76,234 30,900	1,052	100,462 19,526	177,748 50,426	177,002 44,283
					107134	1052	153726	261 912	249,111
	Other costs - Activities undertaken		directly					2022 E	2021 f
	Establishment and property Publications Meetings and conferences Other staff costs Miscellaneous							25,776 24,738 7,191 38,636 4,121	30,268 20,939 9,707 38,457 5,587
								100,462	104,958
	Other costs - Support costs							2022 E	2021f
	Professional and management Meetings and conferences	fees						300 2.628	5,422 426
	Governance Costs
	Professional and management fees Auditors' remunerabon —audit services Trustee Travel Expenses							10,080 4 r)80 1,538	4,770 947
								19,526	11,565
	Staffcosts							2022	2021
								E	E
	Wages and salaries Social security costs Pension costs (see note 18)							93,637 2,667 10,830	89,484 3,149 11,459
								107,134	104,092

Rxed asset Investments	Rxed asset Investments	Investment	Usted
		Properdes	Investments	Total
			E	E
Cost or valuation
Valuation at 1 January 2022		1,456,147	1,399,526	2,855,673
Additions			201,000	201,000
Disposals			(242,397)	(242,397)
Revaluation		75000	107618	182,618
Market valualion	at31December	1,381,147	1,250,511	2631658
Historic cost		1 007 868	1,009569	2,017,437

	Listed inv	esbnenls	are investments placed with Ruffer LLP and COLA Invesknent	Management Limited.
10	Stocks			2022	2021
				E	E
	Publicafions forresale			9,098	10,418
11	Debtor's			2022	2021
				E	E
	Prepayments			6,870	8,968
	Other debtors			17,941	13,525
				24.811	22,493
12	Credltorsr	amounts	falling due within one year	2022	2021
				E	E
	Trade creditors			3,580	9,582
	Deferred income			1,928	4,076
	Accruals			32,867	12,033
	Mortgage	liabiliiy		3,997	9,567
				42,372	35,258
13	Creditors:	amounts	falling due after more than one year	2022	2021
	Morlgage Due within Due within	liability 1 -2 years 2- 5years		E 4,203 13,954	E 9,877 31,763
	Due in more than 5		years	181,433	371,001
				199,590	412,641

Movement	on Endowment	on Endowment		funds				Movement	Movement	In funds
						Balance 1 January 2022	Income	Expemdttve		Transfers	Gainer (losses) on revaluation	Balance 31 Decemtmr 2022
						E					E
Permanent	endowment	funds
E A Beynon Fund						177,908				(165,MO)	(12,908)
Blrchlngton	Convalescent		BeneOt Fund			80,247					(8,234)	72,013
Brighton Emmanuel						318,082					(21,233)	296,849
Dean Wacs Men»rial						1,027,370					(86,789)	940,581
General Fund										362.418		362,418
Gloucester	Mariners Church					1,000						1,000
Leamlngton	Spa, Christchurch					75,483					(9.707)	65,776
Maidslone,	St Faith Perish			Room		212,288				(197,418)	(14.870)
Old Hill Hall						1,000						1,000
Walthamstow, Penrhyn		Hall		Trust		1,000						1,000
						1,894,378					(153,741)	1.740.637
Expendable	endowment	funds
Lighlbowne	Evangegcal	Church,
Manchester						1,000						1,000
Gtoucester	Mariners Hall					1,000						1.000
St Andrews,	Montserrat					1,000						1,000
Ousseldorf	Chaplaincy					2,758					(391)	2,367
Gloucesler	Mariners Residence					23,566					1,393	24,959
Paddock Wood Parochial			Church		Hall
Tnist						25,000						25,000
Wigan Recreation Ground						1,000						1,000
						55,324					1.002	56.326
						1.949,702					(152,739)	1.796.963
						Balance 1 January 2021	Income	Expemfhve	Transfers		Gainer (losses) on revsfuatitm	Balance 31 December 2021
						E					E
Permsrwnt	endowment	funds
E A Beynon Fund						175,138					2,770	177,908
Birchington	Convalescent		Benefit		Fund	70,612					9,635	80.247
Brighton Emmanuel						312,772					5,310	318,082
Dean Wacs	Memorial					933,816					93,554	1,027,370
Gloucesler	Mariners Church					1,000						1,000
Leaminglon	Spa, Christchurch					68,056					7,427	75,483
Maldstone,	Sl Faith Parish		Room			208,891					3,397	212,288
Old Hgl Hall						1,000						1,000
Walthamslow, Penrhyn Hall				Trust		1,000						1,000
						1.772.285					122,093	1,894,378
Expendable	endowment	hmds
.Lightbowne	Evangelical	Church.
Manchester						1,000						1,000
Gloucester	Mariners Hag					1,0M						1,000
St Andrews,	Montserrat					1.0M						1,000
D'usseldorf	Chaplaincy					2.543					215	2,758
Gloucester	Mariners Residence					23.566						23,566
Paddock Wood Parochial		Church			Hall
Tmsl						25,000						25,000
Wigan Recreallon Ground						1,000						1,000
						55,109					215	55.324
						1,827.394					122,308	1.949.702

		December 2022	December 2021	December 2020
Discount rate Price inflation Increase to total pensionable	payroll	n/a n/a n/a	0.0% pa n/a -1.5% pa	0.2%pa 3.1%pa 1.6% pa