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|||Page|
|---|---|---|
|Trustees'
annual
report|||
|Independent
examiner's
report to the trustees|||
|Statement offinancial|activities||
|Statement offinancial|position||
|Notes to the financial|statements||
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|Reference|and administrative|and administrative|and administrative|details|||||
|---|---|---|---|---|---|---|---|---|
|Registered||charity|name|Church of England||Clergy Stipend||Trust|
|Charity registration|||number|287022|||||
|Principal office||||271 South Lambeth|||Road||
|||||London|||||
|||||SW8 1UH|||||
|The trustees||||MrJW Parkinson||||(Retired 24 September 2021)|
|||||MrJC G Trower|||||
|||||The Ven LJ Miller|||||
|||||The Revd D N C|Houlding||||
|||||Mr R Hofroyd|||||
|||||Mr N P G Salisbury||||(Appointed 9November 2021)|
|Company|secretary|||Mrs D Madden|||||
|Independent||examiner||Mrs Janet Roach|ACA||||
|||||SKSBailey Group||Limited|||
|||||Units 10-12County||End Business||Centre|
|||||Jackson Street|||||
|||||Springhead|||||
|||||Oldham|||||
|||||OL4 4TZ|||||
|Investment||managers||Rathbone
Investment|||Management|Limited|
|||||Port of Liverpool|Building||||
|||||Pier Head|||||
|||||Liverpool|||||
|||||L3 1NW|||||
|||||CBFChurch of England|||||
|||||Senator House|||||
|||||85Queen Victoria||Street|||
|||||London|||||
|||||EC4V 4ET|||||
|Solicitors||||Trowers &Hamlins||LLP|||
|||||3 Bunhill Row|||||
|||||London|||||
|||||EC1Y8YZ|||||
|Bankers||||HSBC Bank pic|||||
|||||2-4 StAnn's Square|||||
|||||Manchester|||||
|||||M2 7HD|||||
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|||||||2022|2022|2021|
|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|||
|||||||funds|Totalfunds|Total funds|
||||||Note|6|E|E|
|Income and|endowments||||||||
|Investment|income||||4|78,456|78,456|71,314|
|Total income||||||7S,456|TS,4S6|71,314|
|Expenditure|||||||||
|Expenditure|on raising funds:||||||||
|Investment
management|||costs||5|18,991|18,991|16,577|
|Expenditure|on charitable|activities|||6,7|129,817|129,817|119,491|
|Total expenditure||||||148,808|148,808|136,068|
|Net gains on investments|||||10|214,504|214,504|659,621|
|Net income|and net movement|||in funds||144,152|144,152|594,867|
|Reconciliation
offunds|||||||||
|Total funds|brought
forward|||||3,502,692|3,502,692|2,907,825|
|Total funds|carried forward|||||3,646,844|3,646,844|3,502,692|
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|||||2022||2021|
|---|---|---|---|---|---|---|
||||Note||||
|Fixed assets|||||||
|Investments|||13||3,588,774|3,477,328|
|Current assets|||||||
|Cash at bank|and in|hand||66,570||32,070|
|Creditors: amounts||falling due within one year|14|8,500||6,706|
|Net current|assets||||58,070|25,354|
|Total assets|less current liabilities||||3,646,844|3,502,692|
|Net assets|||||3,646,844|3,502,692|
|Funds ofthe charity|||||||
|Unrestricted|funds||||3,646,844|3,502,692|
|Total charity|funds||||3,846,844|3,502,692|
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|nvestment
income|||||||
|---|---|---|---|---|---|---|
||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||Funds
6|2022
6|Funds
f|2021
f|
|Income from UK equities and||UK fixed|||||
|interest securities|||30,624|30,624|23,658|23,658|
|Income from UK investment||trusts|4,163|4,163|4,173|4,173|
|Income from overseas|investments||8,419|6,419|9,786|9,786|
|Income from collectives|||35,180|35,180|33,590|33,590|
|Bank deposit interest receivable|||70|70|107|107|
||||78,456|78,456|71,314|71,314|
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|||Unrestricted|Total|Funds|Unresbicted|Total|Funds|
|---|---|---|---|---|---|---|---|
|||Funds||2022|Funds||2021
f|
|Portfolio|management|18,991||18,991|16,577||16,577|
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|6.|Expenditure|on charitable|on charitable|activities|by fund type||||
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||||Funds
f|2022
6|Funds|2021
F.|
||Grant funding||activities||125,000|125,000|115,800|115,800|
||Support costs||||4,817|4,817|3,691|3,691|
||||||129,817|129,817|119,491|119,491|
|7.|Expenditure|on charitable||activities|by activity type||||
||||||Grant funding|Support|Total funds|Total fund|
||||||ofactivities
f|costs
F|2022
f|2021
f|
||Grant funding||activities||125,000|1,337|126,337|117,091|
||Governance|costs||||3,480|3,480|2,400|
||||||125,000|4,817|129,817|119,491|
|8.|Analysis ofsupport costs||||||||
|||||||Secretarial|||
|||||||services
f|Total 2022
f|Total 2021
f|
||Secretarial services|||||1,277|1,277|1,200|
||Bank charges|||||60|60|91|
|||||||1,337|1,337|1,291|
|9.|Analysis ofgrants||||||||
||||||||2022
f|2021|
||Grants to institutions||||||||
||Grants to Diocesan Boards|||ofFinance|||125,000|115,800|
||Total grants||||||125,000|115,800|
|10.|Net gains on||Investments||||||
||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||||Funds
f|2022
f|Funds
F|2021|
||Gains/(losses)||on other investment||||||
||assets||||214,504|214,504|659,621|659,621|
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|||Listed|
|---|---|---|
|||Investments|
|||6|
|Cost orvaluation|||
|At 1 April|2021|3,477,328|
|Additions||618,706|
|Disposals||(721,?65)|
|Fair value|movements|214,505|
|At 31March 2022||3,588,774|
|Impairment|||
|At 1 April|2021 and 31March 2022||
|Carrying|amount||
|At 31 liilarch 2022||3,588,?74|
|At 31 March 2021||3,477,328|
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||||At|||Gains and|At 31 March|
|---|---|---|---|---|---|---|---|
|||1|April 2021|Income|Expenditure|losses|2022|
||||'Z|6||6||
|General|funds||3,502,692|78,456|(148,808)|214,504|3,646,844|
||||At|||Gains and|At 31 March|
|||1|April 2020|Income|Expenditure|losses|2021|
||||6|r|6|F||
|General|funds||2,907,825|71,314|(136,068)|659,621|3,502,692|
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|Analysis ofnet as|sets between funds|||
|---|---|---|---|
|||Unrestricted|Total Funds|
|||Funds
f|2022|
|Tangible fixed assets||3,588,774|3,588,774|
|Current assets||66,570|66,570|
|Creditors less than|1 year|(8,500)|(8,500)|
|Net assets||3,646,844|3,646,844|
|||Unrestricted|Total Funds|
|||Funds|2021|
|||6|6|
|Tangible fixed assets||3,477,328|3,477,328|
|Current assets||32,070|32.070|
|Creditors less than|1 year|(6,706)|(6,706)|
|Net assets||3,502,692|3,502,692|
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|Grants ma
tipends|de t|o the following
Dioces|an Boards ofFinance|for augmentation|
|---|---|---|---|---|
||||Yearended||
||||31 March 2022|Total to date|
|Bath and Wells||||3,700|
|Birmingham|||17,000|322,000|
|Blackburn||||144,400|
|Bradford||||169,400|
|Bristol||||14,250|
|Canterbury|||7,000|46,050|
|Carlisle||||64,100|
|Chelm sford|||9,000|152,450|
|Chester||||10,650|
|Derby||||64,700|
|Durham|||12,000|382,300|
|Ely||||1,800|
|Exeter||||47,150|
|Gloucester||||5,100|
|Hereford||||7,000|
|Leeds|||15,000|161,100|
|Leicester||||70,900|
|Lichfield|||5,000|244„550|
|Lincoln|||7,000|40,900|
|Liverpool|||6,000|352,450|
|London||||8,400|
|Manchester||||316,275|
|Newcastle|||8,000|252,800|
|Norwich|||8,000|68,850|
|Oxford||||5,650|
|Peterborough||||4,450|
|Portsmouth||||6,000|
|Representative||body ofthe Church||5,650|
|in Wales|||||
|Rochester||||2,800|
|Salisbury||||9,400|
|Sheffield|||13,000|275,800|
|Sodor and|Man|||2,400|
|Southwark||||2,500|
|Southwell|and|Nottingham|8,000|168,900|
|StAlbans||||6,850|
|St Edmundsbu||ry and ipswich||11,700|
|Truro||||59,350|
|Wakefield||||192,000|
|Winchester
Worcester||||2,850
¹,150|
|York|||10,000|324.300|
|Miscellaneous||grants||8,497|
||||125,000|4,044,522|