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|Charity Information|Charity Information|||||||
|---|---|---|---|---|---|---|---|
|CEO:||Kathryn<br>Wright||||||
|Auditor:||Wenn Townsend||||||
|||Chartered|Accountants|||||
|||30St Giles'||||||
|||Oxford||||||
|||OX1 3LE||||||
|Bankers:||National<br>Westminster||||Bank pic||
|||11 Market|Place|||||
|||Abingdon||||||
|||Oxon||||||
|||OX14 3HH||||||
|Investment|Managers:|CCLA Investment|||Management||Limited|
|||Senator House,|||85 Queen Victoria Street|||
|||London||||||
|||EC4V4ET||||||
|Solicitors:||Winckworth||Sherwood||||
|||16Beaumont||Street||||
|||Oxford||||||
|||OX1 2LZ||||||
|Registered|Charity No:|309671||||||





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## 

|||Note|Endowment|Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|
||||Fund|Funds|Funds|2022|2021|
||||F|E|f|F||
|Income from:||||||||
|Charitable<br>activities||||81,382|800|82,182|101,074|
|Investments|||||697,159|697,159|682,439|
|Total income||||81,382|697,959|779,341|783,513|
|Expenditure<br>on:||||||||
|Charitable<br>activities:||||||||
|Grants payable||4|||182,164|182,164|198,384|
|Programme<br>costs/strategic|funding|5||7,800|526,870|534,670|469,941|
|Core support costs||6||2,763|237,795|240,558|224,964|
|Total expenditure||||10,563|946,829|957,392|893,289|
|Net income/(expenditure)|before|||||||
|gains on investments||||70,819|(248,870)|(178,051)|(109,776)|
|Net gains on investments||12|(822,917)||(41,001)|(863,918)|3,618,860|
|Net income/(expenditure)|||(822,917)|70,819|(289,871)|(1,041,969)|3,509,084|
|Extraordinary<br>items||24|||(500,000)|(500,000)||
|Transfer between<br>funds|||(500,000)||500,000|||
|Net movement<br>in funds|||(1,322,917)|70,819|(289,871)|(1,541,969)|3,509,084|
|Fund balances<br>brought forward||||||||
|at 1st September 2021|||23,765,429||1,043,426 24,808,855||21,299,771|
|Fund balances carried forward||||||||
|at31stAugust 2022|||22,442,512|70,819|753,555 23,266,886||24,808,855|





|||||Culham StGabriel's Trust|Culham StGabriel's Trust||
|---|---|---|---|---|---|---|
|||||Balance Sheet|||
|||||at 31stAugust 2022|||
|||||Note|2022|2021|
|Fixed assets|||||||
|Tangible fixed||assets||11|1,532|750|
|Investments||||12|23,347,454|24,849,673|
||||||23,348,986|24,850,423|
|Current assets|||||||
|Debtors||||13|124,565|145,677|
|Short term deposits||||14|317,622|211,489|
|Cash at bank||and<br>in hand||15|87,479|34,207|
||||||529,666|391,373|
|Liabilities: amounts|falling due||||||
|within|one year|||16|(361,029)|(267,817)|
|Net current assets/(liabilities|||||168,637|123,556|
|Total assets less current liabilities|||||23,517,623|24,973,979|
|Liabilities:<br>amounts|falling due||||||
|after more than one year||||17|(250,737)|(147,014)|
|Net assets excluding||pension|liability||23,266,886|24,826,965|
|Defined benefit pension||liability||||(18,110)|
|Net assets|||||23,266,886|24,808,855|
|Capital funds|||||||
|Endowment||||19|22,442,512|23,765,429|
|Income funds|||||||
|Restricted funds||||19|70,819||
|Unrestricted<br>funds|-|general||19|753,555|1,043,426|
|Total charity funds|||||23,266,886|24,808,855|





## 

||||Note|2022|2021|
|---|---|---|---|---|---|
||||||E|
|Net cash flow from operating||activities|23|(675,711)|(649,979)|
|Cash flow from investing|activities|||||
|Purchase oftangible assets<br>Proceeds from sale of investments||||(2,043)<br>640,000||
|Interest received||||51|6|
|Dividends<br>received||||697,108|682,433|
|Net cash flow from investing||activities||1,335,116|682,439|
|Net (decrease)/increase<br>in cash and cash equivalents||||||
|before extraordinary<br>items||||659,405|32,460|
|Extraordinary<br>expenditure||||(500,000)||
|Net (decrease)lincrease<br>in|cash and cash equivalents|||159,405|32,460|
|Cash and cash equivalents||at 1stSeptember|2021|245,696|213,236|
|Cash and cash equivalents||at 31stAugust 2022||405,101|245,696|
|Cash and cash equivalents||consist of:||||
|Cash at bank and<br>in hand|||15|87,479|34,207|
|Short term deposits|||14|317,622|211,489|
|Cash and cash equivalents||at 31stAugust 2022||405,101|245,696|





## 


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## 

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## 




## 

|3.|Income from investments|Income from investments|Income from investments|Income from investments||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||2022|2021|
|||||||||||E|E|
||Investment<br>funds|||||||||697,108|682,433|
||Bank interest|||||||||51|6|
|||||||||||697,159|682,439|
|4a)|Grants payable|||||||||||
||||||||||||Number|
||||||||||||ofgrants|
||Institutions<br>(see note||4b)|||||||157,664|5|
||Individuals|||||||||24,500|15|
|||||||||||182,164|20|
|4b)|Grants payable to institutions|||||||||||
||||||||||||2022|
||Edge Hill University||||||||||9,975|
||Religion Media Centre||||||||||2,500|
||Liverpool Community||Spirit||||||||1,986|
||Canterbury<br>Christ Church|||University||(CCCU)|||||17,428|
||Bristol University||||||||||5,000|
||Rose Castle Foundation||||||||||4,950|
||Independent<br>Schools||Religious Studies Association|||||(ISRSA)|||1,625|
||David Ross Education||Trust (DRET)||||||||4,926|
||Association<br>of University|||Lecturers|in|Religious|Education||(AULRE)||585|
||Ormiston Academies|Trust|||||||||25,300|
||The Church<br>in Wales||||||||||18,700|
||Nottingham<br>University||||||||||29,522|
||Portsmouth<br>SACRE||||||||||2,385|
||The London Oratory School||||||||||8,240|
||Religion<br>Media Centre||||||||||25,000|
||Refunds/withdrawals/amendments||||to|previous|period|grants|||(458)|
||||||||||||157,664|





## 

## 

## 

|Programme<br>costs/strat|egic|funding|||||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||E|E|
|RE:ONLINE|||||34,761|33,228|
|Research|||||16,800|14,160|
|TEACH:RE|||||190|15,722|
|3forRE (net of Refunds/withdrawals/amendments|||to previous|period grants)||3,020|
|Partnership<br>work|||||1,360||
|Masters Scholarships|||||32,480|40,550|
|Conferences|||||2,735|7,565|
|Leadership<br>and Infrastructure|||||78,163|43,453|
|RE Policy (strategic funding||awards)|||292,000|225,000|
|Funders|||||4,200|3,000|
|Chartered<br>Teacher programme|||||1,398||
|SKECourse —expenditure|||||1,312|49,573|
|Advocacy with educationalists||||||18,670|
|NATRE Chair Fund||||||16,000|
|E-Learning<br>Platform|||||15,840||
|Promoting<br>Public Perception|||||53,431||
||||||534,670|469,941|
|Ofthe above, the following||related to restricted|expenditure:||||
|RE:Online||||||7,375|
|Research|||||||
|Masters Scholarships/3|for RE||||7,800|8,500|
|Conference<br>expenditure||||||5,825|
|Leadership<br>& Infrastructure||||||25,650|
|SKECourse expenditure||||||49,753|
||||||7,800|97,103|





## 

## 

|Core support cost|s||||||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||E||
|Salaries, wages and||fees (note 8)|||196,079|168,183|
|Staff development|||||465|455|
|Library expenses|||||70|47|
|Telephone,<br>printing,||postage, stationery||and advertising|760|1,279|
|Equipment,<br>repairs|and||renewals||8,083|18,713|
|Travel expenses and||subsistence|||2,538|239|
|Professional<br>charges||and consultancy|||925||
|Memberships/publications|||||3,743|7,958|
|Rent|||||7,405|13,328|
|Depreciation<br>Auditor's<br>remuneration|||- other fees||1,261<br>1,845|1,102<br>1,095|
|Sundry expenses|||||65|406|
|Interest on pension|provision<br>unwinding|||||278|
|Governance<br>costs|(see||note 7)||17,319|11,881|
||||||240,558|224,964|



## 

||||||2022|2021|
|---|---|---|---|---|---|---|
||||||F||
|Insurance<br>Trustees'|expenses||||3,477<br>4,602|3,316<br>165|
|Auditor's|remuneration|-|Audit|fee|9,240|8,400|
||||||17,319|11,881|





## 

## 

## 

||||2022|2021|
|---|---|---|---|---|
||||F||
|Gross wages|||120,155|135,648|
|Employers|NIC||8,240|11,073|
|Pension contributions|||85,794|22,523|
|Movement|in pension|provision|(18,110)|(1,061)|
||||196,079|168,183|



## 



## 

## 

## 

|Fixed assets||Furniture||
|---|---|---|---|
|Tangible|Office|||
||equipment|&fittings|Total|
||||f.|
|Cost||||
|At 1stSeptember 2021|21,433|6,794|28,227|
|Additions|2,043||2,043|
|Disposals||||
|At 31stAugust 2022|23,476|6,794|30,270|
|Depreciation||||
|At 1st September 2021|20,683|6,794|27,477|
|Charge for the year|1,261||1,261|
|Eliminated<br>on disposals||||
|At 31stAugust 2022|21,944|6,794|28,738|
|Net book value||||
|At 31stAugust 2022|1,532||1,532|
|At 31stAugust 2021|750||750|





## 

## 

|12.|Fixed asset investments|Fixed asset investments||||
|---|---|---|---|---|---|
|||||2022|2021|
|||||E|E|
||a.|Movement<br>in year||||
|||Permanent<br>endowment||||
|||Market value 1st September 2021||23,763,729|20,304,132|
|||Realised/unrealised<br>gains|in market value|(822,917)|3,459,597|
|||Deposit to investment<br>fund||1,700||
|||Withdrawal<br>from investment|fund|(640,000)||
|||Market value 31stAugust 2022||22,302,512|23,763,729|
|||Unrestricted<br>general fund||||
|||Market value 1stSeptember 2021||1,085,943|926,681|
|||Unrealised<br>gains<br>in market|value|(41,001)|159,263|
|||Market value 31stAugust 2022||1,044,942|1,085,944|
|||Total market value 31stAugust 2022||23,347,454|24,849,673|
||b.|At 31stAugust 2022||||
|||||Cost|Market value|
||||||E|
|||Permanent<br>endowment||||
|||CBFChurch of England:||||
|||Investment<br>Fund||7,459,654|18,477,636|
|||Property<br>Fund||1,885,612|2,365,048|
|||Global Equity Fund||694,479|1,459,828|
|||At 31stAugust 2022||10,039,745|22,302,512|
|||At 31stAugust 2021||10,363,001|23,763,729|
|||Unrestricted<br>general fund||||
|||CBFChurch ofEngland:||||
|||Investment<br>Fund||293,809|959,949|
|||Property<br>Fund||46,941|62,463|
|||Global Equity Fund||6,694|22,530|
|||At 31stAugust 2022||347,444|1,044,942|
|||At 31stAugust 2021||347,444|1,085,944|





## 

||||Notes|tothe accounts (continued)|||
|---|---|---|---|---|---|---|
||||forthe|year ended 31stAugust 2022|||
|13.|Debtors||||||
||||||2022|2021|
|||||||E|
||Trade debtors||||30|16,566|
||Accrued investment||income||115,584|116,343|
||Prepayments|and other accrued income|||8,951|12,768|
||||||124,565|145,677|
|14.|Short term deposits||||||
||||||2022|2021|
|||||||F|
||CBFordinary|deposit|||317,622|211,489|
|15.|Cash and bank||||||
||||||2022f|2021|
||Current Account||||87,479|34,207|
|16.|Liabilities: amounts||falling due within one year||||
||||||2022|2021|
||Trade creditors||||5,216|19,923|
||Accruais and deferred||income||16,095|9,910|
||Grant and programme||commitments|(see note 19)|339,718|237,984|
||||||361,029|267,817|





## 

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## 

## 

## 

|||Endowment|Restricted|Unrestricted|Total|
|---|---|---|---|---|---|
|||funds|fundsf|fundsf|funds<br>F|
|Tangible fixed assets||||1,532|1,532|
|Investments||22,302,512||1,044,942|23,347,454|
|Debtors||||124,565|124,565|
|Cash at bank and|in hand|140,000|76,669|188,432|405,101|
|Liabilities: due within one year|||(5,850)|(355,179)|(361,029)|
|Liabilities: due after one year||||(250,737)|(250,737)|
|||22,442,512|70,819|753,555|23,266,886|





## 

## 

## 

## 


## 

## 

## 



## 

## 

||||2022|2021|
|---|---|---|---|---|
|Net income for year|||(1,541,969)|3,509,084|
|Proceeds from sale ofinvestments|||(640,000)||
|Dividends<br>received<br>Interest receivable<br>Depreciation<br>and impairment|oftangible|fixed assets|(697,108)<br>(51)<br>1,261|(682,433)<br>(6)<br>1,102|
|Loss/(gain)<br>on investment<br>Decrease<br>in debtors<br>Increase<br>in creditors<br>Decrease<br>in pension<br>provision<br>Section 75 pensions<br>settlement|||1,502,219<br>21,112<br>196,935<br>(18,110)<br>500,000|(3,618,860)<br>5,807<br>136,111<br>(784)|
|Net cash flow from operating|activities||(675,711)|(649,979)|



## 



## 

||||Endowment|Restricted|Unrestricted||Total|
|---|---|---|---|---|---|---|---|
||||Fund|Funds|Funds||2021|
|||||||E|E|
|Income from:||||||||
|Charitable<br>activities<br>Investments||||97,214|3,860<br>682,439||101,074<br>682,439|
|Total income||||97,214|686,299||783,513|
|Expenditure<br>on:||||||||
|Charitable<br>activities:||||||||
|Grants payable<br>Programme<br>costs/strategic<br>Core support costs||funding||97,103<br>5,761|198,384<br>372,838<br>219,203||198,384<br>469,941<br>224,964|
|Total expenditure||||102,864|790,425||893,289|
|Net income/(expenditure)||before||||||
|gains on investments||||(5,650)|(104,126)||(109,776)|
|Net gains on investments|||3,459,597||159,263||3,618,860|
|Net income/(expenditure)|||3,459,597|(5,650)|55,137||3,509,084|
|Net movement<br>in funds|||3,459,597|(5,650)|55,137||3,509,084|
|Fund balances<br>brought|forward|||||||
|at 1st September 2020|||20,305,832|5,650|988,289|21,299,771||
|Fund balances carried|forward|||||||
|at 31stAugust 2021|||23,765,429||1,043,426|24,808,855||