2023-01-31-accounts

Reference and Administrative Details	Reference and Administrative Details
Trustees' Report		2 to 6
Statement ofTrustees'	Responsibilities
Independent Auditors'	Rcport	8 to 11
Consolidated Statement	ofFinancial Activities	12
Consolidated Balance	Sheet	13
Balance Sheet		14
Consolidated Statement	ofCash Flows	15
Notes to the Financial	Statements	16to 34

				Unrestricted	Restricted	Total	Total
				funds	funds	2023	2022
			Note
Income and Endowments		from:
Donations and legacies				151,173		151,173	20,371
Charitable activities				68,500		68,500	76,986
Other trading activities				444,907		444,907	506,750
Investment income				7,812		7,812	6
Total income				672,392		672,392	604,113
Expenditure on:
Raising funds				(386,742)		(386,742)	(351,366)
Charitable activities				(187,204)		(187,204)	(172,518)
Other expenditure				(6,689)		(6,689)	8,231
Total expenditure				(580,635)		(580,635)	(515,653)
Gains/losses on investment		assets	17	(64,728)		(64,728)	32,688
Net income				27,029		27,029	121,148
Net movement in funds				27,029		27,029	121,148
Reconciliation offunds
Total funds brought	forward			1,114,063	43,257	1,157,320	1,036,171
Total funds carried	forward		25	1„141,092	43,257	1,184,349	1,157,319

		Consolidated Balance Sheet as	at 31January	2023
				2023	2022
			Note
Fixed assets
Tangible assets			15	86,617	91,453
Investments				864,076	836,453
				950,693	927,906
Current assets
Stocks			18	15,888	32,740
Debtors			19	12,521	11,722
Cash at bank	and in hand		20	347,015	327,544
				375,424	372,006
Creditors: Amounts		falling due within one year	21	(36,146)	(37,933)
Net current	assets			339,278	334,073
Total assets	less current liabilities			1,289,971	1,261,979
Creditors: Amounts		falling due after more than one year	22	(92,]09)	(92,110)
Provisions			24	(13,513)	(12,550)
Net assets				1,184,349	1,157,319
Funds ofthe	group:
Restricted income funds
Restricted funds				43,257	43,257
Unrestricted	income	funds
Unrestricted	funds			1,141,092	1,114,062
Total funds			25	1,184,349	1,157,319

		Balance Sheet as at3	1January 2023
				2023	2022
			Note
Fixed assets
Tangible assets			15	11,886	19,172
Investments				766,502	836,553
				778,388	855,725
Current assets
Debtors			19	32	23
Cash at bank	and in hand		20	203,201	126,200
				203,233	126,223
Creditors: Amounts		falling due within one year	21	(15,750)	(8,791)
Net current	assets			187,483	117,432
Net assets				965,871	973,157
Funds ofthe	charity:
Restricted income funds
Restricted funds				43,257	43,257
Unrestricted	income	funds
Unrestricted	funds			922,614	929,900
Total funds			25	965,871	973,157

Consolidated	St	atement ofC	ash Flows for the	Year Ende	d 31January 2	023
					2023	2022
				Note
Cash flows from operating	activities
Net cash income					27,029	121,148
Adjustments to cash flows	from non-cash items
Depreciation				6, 8	24,228	24,275
Investment income				5	(7,812)	(6)
Investment management costs					11,788	4,020
Financial instrument net (gains) losses through			statement offinancial
activities						(57,923)
Revaluation ofinvestments					64,728	25,232
Hire purchase adjustment						(353)
					119„961	116,393
Working capital adjustments
Decrease in stocks				18	16,852	11,053
(Increase)/decrease in debtors				19	(799)	11,140
Increase/(decrease) in creditors				21	6,054	(8,115)
Decrease in provisions				24	(6,336)	(8,231)
Net cash flows from operating		activities			135,732	122,240
Cash flows from investing activities
Interest receivable and similar		income		5	7,812	3
Purchase oftangible fixed assets				15	(19,392)	(4,465)
Purchase ofinvestments					(104,138)
Sale ofinvestments						104,720
Net cash flows from investing		activities			(115,718)	100,258
Cash flows from financing	activities
Repayment ofloans and borrowings				21		(50,000)
Repayment ofcapital element		offinance leases	and HP contracts	23	(543)	(1,697)
Net cash flows from financing		activities			(543)	(51,697)
Net increase in cash and cash	equivalents				19,471	170,801
Cash and cash equivalents at	1	February			327,544	156,743
Cash and cash equivalents at	31 lanuary				347,015	327,544

Asset class	Depreciation	method and	method and	rate
Freehold Reversion	0'/0
Freehold Buildings	4'/0 or 10'/0 straight		line
Equipment and vehicles	I0/0, 25 "/0 or	33"/0	i'educing	balance

Income from chari	table activities
		Unrestricted
		funds	Total	Total
		General	2023	2022
Ministry		8,353	8,353	4,058
Retreat		16,832	16,832	8,589
Education				1,431
Monastic Community		43,315	43,315	60,732
Upkeep of Heritage	Premises			2,176
		68,500	68,500	76,986

4	Income from	o	t	her trading activities
					Unrestricted
					funds	Total	Total
					General	2023	2022
Trading income;
	Trading subsidiaiy			income	444,907	444,907	506,750
					444,907	444,907	506,750
5	Investment	income
					Unrestricted
					funds	Total	Total
					General	2023	2022
						K
Intcrcst receivable			and similar income;
	Interest receivable			on bank deposits	424	424
Other income from				fixed asset investments	7,388	7,388
					7,812	7,812

a) Costs	oftrading	oftrading	oftrading	oftrading	activities
								Unrestricted
								funds	Total	Total
								General	2023	2022
Trading subsidiary				costs				194,386	194,386	191,923
								194,386	194,386	191,923
b) Investment			management			costs
								Unrestricted
								funds	Total	Total
								General	2023	2022
Other investment				management		costs;
Other portfolio				management		costs		15,037	15,037	4,020
								15,037	15,037	4,020
7 Expenditure				on	charitable	activities
								Unrestricted
								funds	Total	Total
								General	2023	2022
							Note
Ministry								5,308	5,308	2,252
Mission								8,829	8,829	3,265
Retreat								14,490	14,490	11,562
Education								5,599	5,599	7,540
Monastic Community								43,801	43,801	41,686
Upkeep ofHeritage					Premises			33,314	33,314	22,046
Staff costs								42,225	42,225	52,019
Allocated	support			costs				26,360	26,360	21,593
Governance		costs						7,278	7,278	10,555
								187,204	187,204	172,518

8 Other expenditure
			Unrestricted
			funds	Total
			General	funds
		Note
Taxation charged in trading	subsidiary	14	6,689	6,689
Total for 2023			6,689	6,689
Total for 2022			(8,231)	(8,231)

		Unrestricted
		funds	Total	Total
		General	2023	2022
Audit fees
Audit ofthe financial	statements	5,236	5,236	5,905
Legal fees		2,042	2,042	4,650
		7,278	7,278	10,555

The aggregate payroll costs were as follows:
	2023	2022
Staff costs during the year were:
Wages and salaries	200,188	195,991
Social security costs	1,648	599
Pension costs	6,590	2,315
Other staff costs		7,000
	208,426	205,905

during t	he y	ear	expressed as full time equivalents was	as follows:
				2023		2022
				No		No
Average	for	the	year		12		12

				2023	2022
Audit	ofthe	financial	statements	5,236	5,905

Group
	Land and
	buildings	Equipment	Total
Cost
At I February 2022	240,477	439,370	679,847
Additions		19,392	19,392
At 31January 2023	240,477	458,762	699,239
Depreciation
At I February 2022	220,598	367,796	588,394
Charge for the year	6,532	17,696	24,228
At 31January 2023	227,130	385,492	612,622
Net book value
At 31 January 2023	13,347	73,270	86,617
At 31January 2022	19,879	71,574	91,453

Charity
	Land and	Furniture	and
	buildings	equipment		Total
Cost
At 1 February 2022	152,500	53,949		206,449
At 31 January 2023	152,500	53,949		206,449
Depreciation
At 1 February 2022	137,373	49,904		187,277
Charge for the year	6,057		1,229	7,286
At 31January 2023	143,430	51,133		194,563
Net book value
At 31 January 2023	9,070		2,816	11,886
At 31January 2022	15,127		4,045	19,172
16 Heritage assets
Charity

Group
			2023	2022
Other investments			864,076	836,453
Other investments
		Listed	Unlisted
		investments	investments	Total
Cost or Valuation
At 1 February	2022	833,546	2,907	836,453
Revaluation		(64,728)		(64,728)
Additions		104,138		104,138
Management	fees	(11,787)		(11,787)
At 31January	2023	861,169	2,907	864,076
Net book value
At 31 January	2023	861,169	2,907	864,076
At 31January	2022	833,546	2,907	836,453

2023	2022
864,076	836,453

			Listed	Unlisted
			investments	investments	Total
Cost or Valuation
At 1 February	2022		833,546	2,907	836,453
Revaluation			(65,652)		(65,652)
Additions			7,388		7,388
Management	fees		(11,787)		(11,787)
At 31 January	2023		763,495	2,907	766,402
Net book value
At 31January	2023		763,495	2,907	766,402
At 31January	2022		833,546	2,907	836,453
18 Stock
			Group		Charity
			2023	2022	2023
Stocks			15,888	32,740
19Debtors
		Group		Charity
		2023	2022	2023	2022
Trade debtors		511	1,316	32
Prepayments		7,871	5,019
Accrued income		1,417	2,125
VAT recoverable		2,722	3,262		23
		12,521	11,722	32	23

20 C	ash	and cash equivalents
			Group		Charity
			2023	2022	2023	2022
Cash	on	hand	16,524	18,944	9,562	13,432
Cash	at	bank	330,491	308,600	193,639	112,768
			347,015	327,544	203,201	126,200

				Group		Charity
				2023	2022	2023	2022
Trade creditors				13,875	4,009	7,700	1,585
Hire purchase	and	finance leases			543
Trading subsidiary		corporation	tax
payable				6,170	13,469
Other taxation	and	social security		3,489	1,992	2,510
Other creditors				325	546	304	(919)
Accruals				12,287	17,374	5,236	8,125
				36,146	37,933	15,750	8,791

Group
		Other
		provision 1	Total
At 1 February	2022	(12,550)	(12,550)
Utilised during	the period	(963)	(963)
At 31January	2023	(13,513)	(13,513)

Group
			Balance at 1			Other	Balance at
			February	Incoming	Resources	recognised	31January
			2022	resources	expended	gains/(losses)	2023
Unrestricted		funds
General
General	Funds		1,114,063	672,392	(580,928)	(64,435)	1,141,092
Restricted	funds
John Gran		Fund	26,076				26,076
Heritage	Building Fund		8,989				8,989
Stllltyd	Fund		8,192				8,192
			43,257				43,257
Total funds			1,157,320	672,392	(580,928)	(64,435)	1,184,349
			Balance at 1	Balance at 1		Other	Balance at
			February	February	Resources	recognised	31January
			2021	2021	expended	gains/(losses)	2022
Unrestricted		funds
General
General Funds			992,914	604,113	(515,653)	32,688	1,114,062
Restricted	funds
John Gran		Fund	26,076				26,076
Heritage	Building Fund		8,989				8,989
St 111tyd Fund			8,192				8,192
			43,257				43,257
Total funds			1,036,171	604,113	(515,653)	32,688	1,157,319

Charity
		Balance at 1			Other	Balance at
		February	Incoming	Resources	recognised	31January
		2022	resources	expended	gains/(losses)	2023
Unrestricted	funds
General
General Funds		929,901	271,035	(212,963)	(65,359)	922,614
Restricted funds
John Gran	Fund	26,076				26,076
Heritage Building Fund		8,989				8,989
St 1lltyd Fund		8,192				8,192
		43,257				43,257
Total funds		973,158	271,035	(212,963)	(65,359)	965,871
		Balance at 1			Other	Balance at
		February	Incoming	Resources	recognised	31January
		2021	resources	expended	gains/(losses)	2022
Unrestricted	funds
Genera!
General Funds		973,839	113,913	(190,540)	32,688	929,900
Restricted funds
John Gran	Fund	26,076				26,076
Heritage Building Fund		8,989				8,989
StIlltyd Fund		8,192				8,192
		43,257				43,257
Total funds		1,017,096	113,913	(190,540)	32,688	973,157