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|---|---|---|---|
|Trustees' report|||1-7|
|Independent|auditor's|report|8 -10|
|Statement of|financial|activities||
|Balance sheet|||12|
|Notes to the accounts|||13-19|
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|Trustees|||Revd. A. Malcolm||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||Revd. Canon C.Card-Reynolds||||||||
||||Revd. S.Anderson||||||||
||||Baroness A. Harris||||||||
||||Revd. Canon J. Chambers||||||||
||||Revd. G. Naylor||||||||
||||David Ballance||||||||
|Administrative||Support|Linden Sheffield||||||||
|Charity number|||289862||||||||
|Company|number||01830397||||||||
|Mailing Address|||348 Hughenden
Gardens Village,||Hughenden||Boulevard,||High Wycombe|HP13 SGH|
|Registered|Office||65-68 Leadenhall
Street, London||EC3A|2AD|||||
|Auditors|||Knox Cropper
LLP Chartered|Accountants|||||||
||||65-68 Leadenhall
Street, London||EC3A|2AD|||||
|Bankers|||Reliance Bank Ltd||||||||
||||Faith House, 23-24 Lovat Lane, London|||EC3R|BEB||||
|Solicitors|||HMG Law LLP||||||||
||||126 High Street, Oxford, OX|4DG|||||||
||||Wedlake
Bell||||||||
||||71Queen Victoria Street, London||EC4V|4AY|||||
|Investment|Managers||Investec Wealth & Investment||||||||
||||30Gresham Street, London|EC2V 7QP|||||||
||||Rathbone
Investment
Management,||||||||
||||8 Finsbury
Circus, London
EC2M||7AZ||||||
||||Sarasin 8 Partners,||||||||
||||Juxon House, 100St Paul's Churchyard,|||London||EC4M|8BIJ||
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|||Note||2022||2021|
|---|---|---|---|---|---|---|
|Income from:|||||||
|Donations
and legacies|||||44|1,694|
|Investments|||||243,978|217,419|
|Surplus on sale ofleasehold|property|||||1,145|
|Total|||||244,022|220,258|
|Expenditure
on:|||||||
|Raising funds|||||22,540|47,091|
|Charitable
Activities|||||417,803|406,398|
|Total|||||440,343|453,489|
|Net gains and losses on investments|||10||(1,343,229)|1,032,583|
|Net income/(expenditure)
in funds|and net movement||||(1,539,550)|799,352|
|Fund balances at 1January|2022||||9,929,223|9,129,871|
|Fund balances at31December 2022|||||68,389,673|69,929,223|
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|||||31December 2022|31December 2022|31December 2021|31December 2021|
|---|---|---|---|---|---|---|---|
||||Note|E|E|E|E|
|Investment|assets||10||8,930,595||10,460,480|
||||||8,930,595||10,460,480|
|Current assets||||||||
|Debtors||||59,387||97,014||
|Cash at bank and in hand||||106,696||76,024||
|||||166,083||173,038||
|Creditors||||||||
|Amounts
falling due within one year|||12|(707,005)||(704,295)||
|Net current|assets|||||||
||||||(540,922)||(531,257)|
|Total assets|less current|liabilities|||f8,389,67K||E9,929,223|
|Unrestricted|funds|||||||
|Unrestricted|income funds||13||6,034,035||6,179,741|
|Designated
Revaluation|funds
Reserve||14
13||36,340
2,319,298||86,955
3,662,527|
|TOTAL FUNDS|||||E8,389,673||E9,929,223|
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|2|Voluntary|income|income||||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||E|E|
||Other Donations||||44|1,694|
||||||E44|E1,694|
|3|Investment|income|||||
||||||2022|2021|
||||||E|E|
||Dividends||||238,452|201,752|
||Income from fixed interest and cash deposits||||5,526|15,667|
||Fellowship|ofSt|John (UK) Trust Association|share|E'243,978|E217,419|
||Total investment||income from portfolios||319,909|285,085|
||Transferred|to SGT, SHC and SSJE(see below)|||(75,931)|(67,666)|
||Fellowship|ofSt|John (UK) Trust Association|share|E243,978|E217,419|
||||||||||
|---|---|---|---|---|---|---|---|---|
|4|Surplus on sale|ofleasehold||property||||E1,145|
|5|Total resources|expended|||||||
|||||Administrator|Other||||
|||||costs|costs|2022|2021||
|||||E|E|E|E||
||Charitable
activities||||||||
||Grants (Note 6)||||340,926|340,926|285,362||
||Mizeki Festival Project||||||27,810||
||SSJECambridge|Links|||||||
||Support costs|||22,884|38,482|61,366|51,141||
||Governance
costs||||15,511|15,511|42,085||
||Investment
management||fee||22,540|22,540|47,091||
||Total resources|expended||E22,884|E417,459|E440,343|E453,489||
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|The following grants were award|ed
during the year:|||||
|---|---|---|---|---|---|
|Grants awarded
outside the UK||||||
|Holy Name Church St Vincent|Refurbishment
of church following volcanic eruption||||31,296|
|Hope for Youth in Zimbabwe|Arable and livestock farming
project in Tariro||||30,000|
|StPatrick Grenada|Mission space for activities and income||||23,990|
|Accomplish
Children's
Trust|Education
and farming for disabled young people||||6,000|
|Grenada
Mothers'
Union|Parenting
training
programme||||4,720|
|Kathryn's
Mercy Horne, India|Educational
sponsorship
forten village girls||||1,800|
|CSLFriends ofStJames Zimbabwe|Secondary school bursaries
in rural Zimbabwe||||3,320|
|Major grants awarded
(Skand over)||||||
|Freedom
Church Mereside|Part funding for Centre Manager||||15,000|
|StMatthew's
Carver Street|Nursing
Project||||15,000|
|St Catherine
Burnley|Funding for Centre Manager||||11,640|
|StBarnabas Orpington|Youth Worker funding||||11,000|
|All Saints South Lynn|Installation
oftoilets and kitchen|to facilitate|Mission||10,000|
|Save The Parish|Funding to educate parishioners|on the importance||ofthe||
||local parish||||10,000|
|St Philip &StJames Doncaster|Children
and Families Worker||||10,000|
|All Saints New Longton|Youth Worker||||10,000|
|St Mary East Grinstead|Parish Development
Worker||||10,000|
|StMatthew
Sheffield|Development
Worker and Musical Director||||6,900|
|Christ Church Heeley|Children
and Families Worker||||7,063|
|StPeter lk StJohn Horbury|Children
and Families Worker||||7,000|
|Ollerton
&Boughton
PCC|Youth and Schools Worker for the Parish||||7,000|
|St Helen Auckland|Youth and Community
Worker for Parish Groups||||6,667|
|StJohn Chester|Funding for Administrator||||6,000|
|StCatherine
Burnley|Vital remedial
work tothe church||||5,000|
|St Helen Barnsley|Upgrading
ofchurch
hall and child friendly facilities||||5,000|
|Other grants||||||
|StJohn Leamington
Spa|Christian
children and youth work in deprived||area||4,419|
|Erith Deanery Youth Trust|Children's
Christian
Ministry
Work||||4,000|
|The Family Trust|Wellbeing
in collective worship and Kingsquad||Clubs||2,7B1|
|StCatherine
Burnley|Tutor and co-ordinator for church|choir|||2,720|
|ROOT Monastic Trust|Funding for Annual Taster Day||||2,500|
|St Mary Willesden|Walsingham
Youth Pilgrimage||||1,400|
|Archdeacon
Luke Miller|Funding assistance for book launch||||750|
|Richard Keeble|Pastoral placement
in St Vincent||||750|
|Scholarships
and Bursaries||||||
|University ofthe Western Cape|Scholarships
and Book Grants||||14,140|
|StStephen's
House|Benson Scholarship||||12,000|
|Grants awarded from the Bernard Mizeki|Trust|||||
|North London Pastoral Assistants|Funding for pastoral assistant||||18,000|
|Pusey House, Oxford|Funding for pasta ra
I assistants||||13,500|
|St Michael & All Angels|Funding for a 7-month
pastoral placement||||7,550|
||||||E340,926|
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|Trustees
Trustees are not remunerated.|||||||||
|---|---|---|---|---|---|---|---|---|
|Five trustees were reimbursed|travel|and subsistence|expenses that|||they personally
incurred||or which were|
|incurred
by the charity for inspection||trips and meetings||of E20,752 (2021:E9,054).|||During|the year the|
|charity
paid 6667 for trustee|indemnity
insurance||(2021:f667).|||Good governance|obliges trustees
to||
|periodically
visit foreign locations to assess new grant|||applications||and review the usage||ofgrants awarded.||
|Fixed asset investments|||||||||
|||||||2022
f||2021f|
|Market value at 1January 2022||||||13,444,285||11,924,976|
|Additions||||||6,582,069||2,243,312|
|Disposals at book value||||||(6,681,889)||(2,077,947)|
|Movement
in Market Value of|Investments|||||(1,761,268)||1,353,944|
|||||||11,583,197||13,444,285|
|Cash held for Investment||||||126,779||271,705|
|Less: Share ofinvestments
held|on behalf ofSGT, SHC and|||SSJE||(2,779,381)||(3,255,510)|
|||||||E8,930,595||E10,460,480|
##
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|11|Debtors||||||||
|---|---|---|---|---|---|---|---|---|
||||||||2022|2021|
||Owed by|Sisterhood|ofthe Holy Childhood||||57,174|67,019|
||Sundry debtors|||||||9,539|
||Prepayments
and accrued income||||||2213|20,456|
||||||||f59,387|f97,014|
|12|Creditors:|amounts|falling due within|one|year||||
||||||||2022|2021|
||||||||f|f|
||Amounts|owed to StGeorge's Trust|||||30,617|14,908|
||Amounts|owed to Society ofStJohn the Evangelist|||||642,215|622,862|
||Accruals||||||19,173|29,628|
||Grants payable||||||15,000|36,897|
||||||||f707,005|f704,295|
|13|Fund movements||||||||
|||||Designated||Income|Revaluation||
||||||Funds|Funds|Reserves|Total|
||At 1January 2022||||86,955|6,179,741|3,662,527|9,929,223|
||Incoming|resources||||244,022||244,022|
||Resources|expended|||(50,615)|(389,728)||(440,343)|
||Loss on investments||||||(1,343,229)|(1,343,229)|
||At 31December 2022||||f36,340|f6,034,035|f2,319,298|f8,389,673|
||Prior year||||||||
|||||Designated||Income|Revaluation||
||||||Funds|Funds|Reserves|Total|
||At 1January 2021||||236,955|6,262,972|2,629,944|9,129,871|
||Incoming|resources||||220,258||220,258|
||Resources|expended||||(453,489)||(453,489)|
||Transfer|||(150,000)||150,000|||
||Gain on investments||||||1,032,583|1,032,583|
||At 31December 2021||||f86,955|f6,179,741|63,662,527|f'9,929,223|
##
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|14|Designated|Funds|||||
|---|---|---|---|---|---|---|
||||1January|Transfers|Resources|31|
||||2022||expended|December|
|||||||2022|
||||||E|E|
||Claudia Severn Legacy||86,955||(50,615)|36,340|
||||E86,955||E(50,615)|E36,340|
##
|Claudia Severn Legacy|Claudia Severn Legacy|Claudia Severn Legacy|Claudia Severn Legacy|Claudia Severn Legacy|||
|---|---|---|---|---|---|---|
|The funds from the Claudia Severn legacy have been designated
by the|||||trustees to honour the ministry
of||
|SSJEand for religious education||and|ministry to children.||||
|Analysis ofnet assets between||funds|||||
||||Designated|Income|Revaluation||
||||Funds|Funds|Reserves|Total|
|Investments||||6,611,297|2,319,298|8,930,595|
|Net Current|Liabilities||36,340|(577,262)||(540,922)|
|At 31December 2022|||E36,340|E6,034,035|E2,319,298|E8,389,673|
|Prior year|||||||
||||Designated|Income|Revaluation||
||||Funds|Funds|Reserves|Total|
|Investments||||6,797,953|3,662,527|10,460,480|
|Net Current|Liabilities||86,955|(618,212)||(531,257)|
|At 31December 2021|||E86,955|E6,179,741|E3,662,527|E9,929,223|