## ## ## |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|| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |0
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9
OI||||| ## |||||||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| ## ## ## ## |9|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| ## |14|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| ## ## ## ## ## ##