| Trustees' annual report |
3 —9 |
|---|---|
| Independent examiner's report to trustees |
10 |
| Statement offinancial activities |
11 |
| Balance sheet | 12 |
| Notes to the financial statements | 13 —19 |
| he Tr | ust's in | vest | men | ts a |
re split a | cr | oss investment manag |
ers and individual funds as fol |
lows. |
|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||||
| COLA | Church | of | En | land | Investment | Fund | 1,238,508 | 1,261,143 | |
| CCLA | Church | of | En | land | Property | Fund | 93,365 | 116,129 | |
| Total | 1,331,873 | 1,377,272 |
| STATEMENT OF FINAN | CIAL ACT | IVITIES FO | R THE YEAR E | NDED 31JUL | Y2023 | |
|---|---|---|---|---|---|---|
| Unrestricted | Endowment | |||||
| Funds | Funds | Total | Total | |||
| Note | 2023 | 2023 | 2023 | 2022 | ||
| Income and endowments | ||||||
| Donations Charitable Events Investments |
9,319 10,365 2,425 |
38,149 | 9,319 10,365 40,574 |
5,747 38,262 |
||
| Total income | 22,109 | 38,149 | 60,258 | 44,009 | ||
| Expenditure | ||||||
| Grant to StAlbans Cathedral for education activities |
6,303 | 40,125 | 46,428 | 41,726 | ||
| Charitable Events Independent examination |
fee | 8,506 820 |
8,506 820 |
870 | ||
| Total expenditure | 15,629 | 40,125 | 55,754 | 42,596 | ||
| Net income/(expenditure) before gains/(losses) on investments |
6,480 | (1,976) | 4,504 | 4,288 | ||
| Net gains/(losses) on investments |
(2,107) | (43,292) | (45,399) | (4,802) | ||
| Net income/(expenditure) | 4,373 | (45,268) | (40,895) | (3,389) | ||
| Transfers between funds |
(1,976) | 1,976 | ||||
| Net movement in funds |
2,397 | (43,292) | (40,895) | (3,389) | ||
| Reconciliation offunds | ||||||
| Total funds brought forward | 60,351 | 1,332,595 | 1,392,946 | 1,396,335 | ||
| Total funds carried forward | 62,748 | 1,289,303 | 1,352,051 | 1,392,946 |
| ALANCE SH | EETAS A | T31JULY20 | 23 | |||
|---|---|---|---|---|---|---|
| Total | Total | |||||
| Note | 2023 | 2022 | ||||
| Fixed assets Investments |
1,331,873 | 1,377,272 | ||||
| Current assets Debtors Short term deposits Cash at bank |
9,893 15,484 7,544 |
9,893 15,036 1,488 |
||||
| 32,921 | 26,417 | |||||
| Current liabilities |
||||||
| Creditors | 7 | (12,743) | (10,743) | |||
| Net current assets | 20,178 | 15,674 | ||||
| Net assets | 1,352,051 | 1,392,946 | ||||
| The charity's | funds | |||||
| Endowment Unrestricted |
funds funds |
8 10 |
1,289,303 62,748 |
1,332,595 60,351 |
||
| Totalfunds | 1,352,051 | 1,392,946 |
| Income | Expenses | Surplus | ||||
|---|---|---|---|---|---|---|
| In a Strange | Land | 10,365 | (8,506) | 1,859 | ||
| 10,365 | (8,506) | 1,859 | ||||
| There were | no charitable | events | in 2021-22. |
| . Investments |
||
|---|---|---|
| 2023 | 2022 | |
| Valuation at 1August Additions |
1,377,272 | 1,372,074 10,000 |
| Withdrawals | ||
| Net loss on revaluation | (45,399) | (4,802) |
| Valuation at31July | 1,331,873 | 1,377,272 |
| . Debtors |
|||
|---|---|---|---|
| 2023 | 2022 | ||
| All due within one year Dividends receivable |
9,893 | 9,893 | |
| 9,893 | 9,893 | ||
| . Creditors |
|||
| 2023 | 2022 | ||
| All due within one Due to connected |
year entities |
11,893 | 9,893 |
| Accruals | 850 | 850 | |
| 12,743 | 10,743 |
| Current Year | Balance 1Aug |
Movement in resources Incoming Outgoing Transfer |
Movement in resources Incoming Outgoing Transfer |
Movement in resources Incoming Outgoing Transfer |
Reval'n | Balance 31July |
|
|---|---|---|---|---|---|---|---|
| 2022 | 2023 | ||||||
| Endowment | Fund | 1,332,595 | 38,149 | (40,125) | 1,976 | (43,292) | 1,289,303 |
| 1,332,595 | 38,149 | (40,125) | 1,976 | (43,292) | 1,289,303 | ||
| Prior Year | Balance 1Aug 2021 |
Movement in resources Incoming Outgoing Transfer |
Reval'n | Balance 31July 2022 |
|||
| S | |||||||
| Endowment | Fund | 1,337,177 | 36,495 | (38,226) | 1,731 | (4,582) | 1,332,595 |
| 1,337,177 | 36,495 | (38,226) | 1,731 | (4,582) | 1,332,595 |
| Current Year | Balance | Movement in resources |
Movement in resources |
Movement in resources |
Reval'n | Balance | |
|---|---|---|---|---|---|---|---|
| 1Aug 2022 |
incoming | Outgoing | Transfer | 31July 2023 |
|||
| Genera I Reserve Development Fund |
29,846 30,505 |
22,109 | (13,629) (2,000) |
(988) (988) |
(1,213 (894) |
36,125 26,623 |
|
| 60,351 | 22,109 | (1.5,629) | (1,976) | (2,107) | 62,748 | ||
| Prior Year | Balance | Movement in resources |
Reval'n | Balance | |||
| 1Aug 2020 |
Incoming | Outgoing | Transfer | 31July 2022 |
|||
| General Reserve Development Fund |
28,543 30,615 |
7,514 | (4,370) | (1,731) | (110) (110) |
29,846 30,505 |
|
| 59,158 | 7,514 | (4„370) | (1,731) | (220) | 60,351 |
| 1. Analysis ofnet assets between |
funds | ||
|---|---|---|---|
| Current Year | Unrestricted | Endowment | |
| Funds | Funds | Total | |
| 2023 | 2023 | 2023 | |
| Investments Debtors Short term deposits Cash at bank |
42,570 9,893 15,484 7,544 |
1,289,303 | 1,331,873 9,893 15,484 7,544 |
| Creditors | (12,743) | (12,743) | |
| Total net assets | 62,748 | 1,289,303 | 1,352,051 |
| Prior Year | Unrestricted | Endowment | |
| Funds | Funds | Total | |
| 2022 | 2022 | 2022 | |
| Investments | 44,677 | 1,332,595 | 1,377,272 |
| Debtors | 9,893 | 9,893 | |
| Short term deposits Cash at bank |
15,036 1,488 |
15,036 1,488 |
|
| Creditors | (10,743) | (10,743) | |
| Total net assets | 60,351 | 1,332,595 | 1,392,946 |
| . Analysis of prior |
year comparative | statement offinancial a |
ctivities between | funds |
|---|---|---|---|---|
| Unrestricted | Endowment | |||
| Funds | Funds | Total | ||
| 2022 | 2022 | 2022 | ||
| Income and endowments | ||||
| Donations Investments |
5,747 1,767 |
36,495 | 5,747 38,262 |
|
| Tots I income | 7,514 | 36,495 | 44,009 | |
| Expenditure | ||||
| Grant to StAlbans Cathedral for education activities |
3,500 | 38,226 | 41,726 | |
| Independent examination |
fee | 870 | 870 | |
| Tots I expenditure | 4,370 | 38,226 | 42,596 | |
| Net income/(expenditure) before gains/(losses) on investments |
3,144 | (1,731) | 1,413 | |
| Net gains/(losses) on investments |
(220) | (4,852) | (4,802) | |
| Net income/(expenditure) | 2,924 | (6,313) | (3,389) | |
| Transfers between funds |
(1,731) | 1,731 | ||
| Net movement in funds |
1,193 | (4,582) | (3,389) | |
| Reconciliation offunds |
||||
| Total funds brought forward |
59,158 | 1,337,177 | 1,396,335 | |
| Total funds carried forward | 60„351 | 1,332,595 | 1,392,946 |