##
##
##
|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|
##