## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Charity Information|Charity Information||||||| |---|---|---|---|---|---|---|---| |CEO:||Kathryn
Wright|||||| |Auditor:||Wenn Townsend|||||| |||Chartered|Accountants||||| |||30St Giles'|||||| |||Oxford|||||| |||OX1 3LE|||||| |Bankers:||National
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|||||| ## ## ## ## ## ## ## ## ## ||||Note|Endowment|Restricted|Unrestricted|Total|Total| |---|---|---|---|---|---|---|---|---| |||||Fund|Funds|Funds|2023|2022| |Income from:||||||||| |Charitable
activities|||||91,200|402|91,602|82,182| |Investments||||||696,262|696,262|697,159| |Total income|||||91,200|696,664|787,864|779,341| |Expenditure
on:||||||||| |Charitable
activities:||||||||| |Grants payable|||4||120,000|221,272|341,272|182,164| |Programme
costs/strategic||funding|5||45,019|275,424|320,443|534,670| |Core support costs|||6|||226,404|226,404|240,558| |Total expenditure|||||165,019|723,100|888,119|957,392| |Net income/(expenditure)||before||||||| |gains on investments|||||(73,819)|(26,436)|(100,255)|(178,051)| |Net gains on investments|||12|(748,507)||(28,497)|(777,004)|(863,918)| |Net income/(expenditure)||||(748,507)|(73,819)|(54,933)|(877,259)|(1,041,969)| |Extraordinary
items||||||||(500,000)| |Transfer between
funds||||(140,000)|3,000|137,000||| |Net movement
in funds||||(888,507)|(70,819)|82,067|(877,259)|(1,541,969)| |Fund balances
brought|forward|||||||| |at 1st September 2022||||22,442,512|70,819|753,555|23,266,886|24,808,855| |Fund balances carried|forward|||||||| |at31stAugust 2023||||21,554,005||835,622|22,389,627|23,266,886| ## |||||Culham StG|abriel's Trust|| |---|---|---|---|---|---|---| |||||Balance|Sheet|| |||||at31stAugust 2023||| |||||Note|2023|2022| |Fixed assets||||||| |Tangible fixed||assets||11|6,946|1,532| |Investments||||12|22,570,450|23,347,454| ||||||22,577,396|23,348,986| |Current assets||||||| |Debtors||||13|181,905|124,565| |Short term deposits||||14|178,095|317,622| |Cash at bank and
in hand||||15|17,498|87,479| ||||||377,498|529,666| |Liabilities: amounts|falling due|||||| |within|one year|||16|(393,171)|(361,029)| |Net current assets/(liabilities|||||(15,673)|168,637| |Total assets less current liabilities|||||22,561,723|23,517,623| |Liabilities:
amounts|falling due|||||| |after more than one year||||17|(172,096)|(250,737)| |Net assets excluding||pension|liability||22,389,627|23,266,886| |Defined benefit pension||liability||||| |Net assets|||||22,389,627|23,266,886| |Capital funds||||||| |Endowment||||19|21,554,005|22,442,512| |Income funds||||||| |Restricted funds||||19||70,819| |Unrestricted
funds
-||general||19|835,622|753,555| |Total charity funds|||||22,389,627|23,266,886| ## ||||Note|2023|2022| |---|---|---|---|---|---| ||||||F| |Net cash flow from operating||activities|22|(899,394)|(675,711)| |Cash flow from investing|activities||||| |Purchase oftangible assets
Proceeds from sale of investments||||(6,376)|(2,043)
640,000| |Interest received||||439|51| |Dividends
received||||695,823|697,108| |Net cash flow from investing||activities||689,886|1,335,116| |Net (decrease)/increase
in cash and cash equivalents|||||| |before extraordinary
items||||(209,508)|659,405| |Extraordinary
expenditure|||||(500,000)| |Net (decrease)/increase
in|cash and cash equivalents|||(209,508)|159,405| |Cash and cash equivalents||at 1stSeptember|2022|405,101|245,696| |Cash and cash equivalents||at 31stAugust 2023||195,593|405,101| |Cash and cash equivalents||consist of:|||| |Cash at bank and
in hand|||15|17,498|87,479| |Short term deposits|||14|178,095|317,622| |Cash and cash equivalents||at 31stAugust 2023||195,593|405,101| ## ## |Income from c|ha|ritable
activ|ities|||||| |---|---|---|---|---|---|---|---|---| ||||||||2023|2022| ||||||||K|| |Funding
received:||||||||| |Association||of Church College||Trusts - Membership||||2,763| |The Hockerill||Foundation|and|Refunds|—Masters scholarships||11,700|7,800| |Horizons Seminar —Participant||||Contributions|||402|800| |Jerusalem|Trust —RE Hub/ Leadership||||Programme||60,000|60,000| |Templeton|World Charity||Foundation —RExChange/RE|||Online||10,819| |ITT Recruitment|||||||15,000|| |Participatory||Grant Making|||||4,500|| ||||||||91,602|82,182| ## ## ||||||||Number| |---|---|---|---|---|---|---|---| ||||||||ofgrants| ||Institutions
(see note 4b)|||||336,272|22| ||Chair's
Fund|||||7,500|7| ||Refunds/withdrawals/amendments|||to previous|period grants|(2,500)|| |||||||341,272|29| |4b)|Grants payable to institutions||||||| ||||||||2023| ||Wikimedia
UK||||||6,625| ||Barnet SACRE||||||10,000| ||University
ofLeeds||||||14,000| ||Open University
Young|People and||Religion|||25,971| ||Canterbury
Christ Church||University||||28,387| ||Holocaust
Memorial
Day Trust||||||30,000| ||London South Bank University||||||29,593| ||LSEFaith Centre
St Peter's Saltley Trust|8 University||of Birmingham|||29,968
18,728| ||Jewish Museum
London||||||13,000| ||Warren Road Primary School||||||1,000| ||Diocese ofStAsaph||||||1,000| ||National Association
of|Teachers of Religious|||Education||1,000| ||Diocese ofManchester||||||1,000| ||Saxlingham
Nethergate|CE Primary||School|||1,000| ||Myton School||||||1,000| ||LTLRE North West||||||1,000| ||St Barnabas CE Primary|School|||||1,000| ||RE Matters||||||1,000| ||Tower Hamlets SACRE||||||1,000| ||REToday||||||120,000| ||||||||336,272| ## ||Culham StGabriel's Trust|Culham StGabriel's Trust|Culham StGabriel's Trust|Culham StGabriel's Trust|Culham StGabriel's Trust|Culham StGabriel's Trust||| |---|---|---|---|---|---|---|---|---| ||Notes tothe accounts (continued)|||||||| ||forthe year||ended|||31stAugust 2023||| |5.|Programme
costs/strategic
funding|||||||| ||||||||2023|2022f| ||Strategic Objective 1:Promoting
public|perception|||||54,536|51,519| ||Strategic Objective 2:Influencing
government|||policy|||30,275|296,200| ||Strategic Objective 3:Advocating
for importance|||||ofRW|67,002|23,423| ||Strategic Objective 4:Excellent Leadership||and||Teaching||138,303|115,793| ||Strategic Objective 5:R&W community|working|||cohesively||2,604|47,735| ||Strategic Objective Internal 5:Grants strategy||||||27,723|| ||||||||320,443|534,670| ||Ofthe above, the following
related to restricted||||expenditure:|||| ||Restricted expenditure:
3-nine - Recruitment||||||18,000|| ||Strategic Objective 4:Excellent Leadership||and||Teaching||22,519|7,800| ||Strategic Objective Internal 5:Grants strategy||||||4,500|| ||||||||45,019|7,800| |6.|Core support costs|||||||| ||||||||2023|2022| ||||||||F|F| ||Salaries, wages and fees (note 8)||||||172,451|196,079| ||Staff development||||||408|465| ||Library expenses||||||18|70| ||Telephone,
printing,
postage, stationery|and advertising|||||744|760| ||Equipment,
repairs and renewals||||||10,032|8,083| ||Travel expenses and subsistence||||||3,547|2,538| ||Professional
charges and consultancy||||||2,289|925| ||Memberships/publications||||||2,696|3,743| ||Rent||||||7,808|7,405| ||Depreciation||||||962|1,261| ||Auditor's
remuneration
- other fees||||||1,287|1,845| ||Sundry expenses||||||2,728|65| ||Governance costs (see note 7)||||||21,434|17,319| ||||||||226,404|240,558| ## ## ## ||||||2023f|2022| |---|---|---|---|---|---|---| |Insurance|||||3,692|3,477| |Trustees'|expenses||||2,487|4,602| |Trustees'|additional|strategy/DEI||focused work|5,295|| |Auditor's|remuneration||- Audit|fee|9,960|9,240| ||||||21,434|17,319| ## ||||2023|2022| |---|---|---|---|---| ||||E|| |Gross wages|||130,725|147,790| |Employers|NIC||6,130|8,240| |Pension contributions|||35,596|58,159| |Movement|in pension|provision||(18,110)| ||||172,451|196,079| ## ## ## |Fixed assets|||| |---|---|---|---| |Tangible|Office|Furniture|| ||equipment|&fittings|Total| ||E||| |Cost|||| |At 1st September 2022|23,476|6,794|30,270| |Additions|6,376||6,376| |Disposals|(14,526)|(6,794)|(21,320)| |At 31stAugust 2023|15,326||15,326| |Depreciation|||| |At 1stSeptember 2022|21,944|6,794|28,738| |Charge for the year|962||962| |Eliminated
on disposals|(14,526)|(6,794)|(21,320)| |At 31stAugust 2023|8,380||8,380| |Net book value|||| |At 31stAugust 2023|6,946||6,946| |At 31stAugust 2022|1,532||1,532| ## |12.|Fixed asset investments|Fixed asset investments|||| |---|---|---|---|---|---| |||||2023|2022| ||a.|Movement
in year|||| |||Permanent
endowment|||| |||Market value 1stSeptember 2022||22,302,512|23,763,729| |||Realised/unrealised
gains|in market value|(748,507)|(822,917)| |||Deposit to investment
fund|||1,700| |||Withdrawal
from investment|fund||(640,000)| |||Market value 31stAugust 2023||21,554,005|22,302,512| |||Unrestricted
general fund|||| |||Market value 1stSeptember 2022||1,044,942|1,085,943| |||Unrealised
gains
in market|value|(28,497)|(41,001)| |||Market value 31stAugust 2023||1,016,445|1,044,942| |||Total market value 31stAugust 2023||22,570,450|23,347,454| ||b.|At 31stAugust 2023|||| |||||Cost|Market value| ||||||E| |||Permanent
endowment|||| |||CBFChurch ofEngland:|||| |||Investment
Fund||7,459,654|18,153,652| |||Property
Fund||1,885,612|1,906,593| |||Global Equity Fund||694,479|1,493,760| |||At 31stAugust 2023||10,039,745|21,554,005| |||At 31stAugust 2022||10,039,745|22,302,512| |||Unrestricted
general fund|||| |||CBFChurch ofEngland:|||| |||Investment
Fund||293,809|943,037| |||Property
Fund||46,941|50,354| |||Global Equity Fund||6,694|23,054| |||At 31stAugust 2023||347,444|1,016,445| |||At 31stAugust 2022||347,444|1,044,942| ## |13.|Debtors||||||| |---|---|---|---|---|---|---|---| |||||||2023|2022| |||||||F|K| ||Trade debtors|||||37|30| ||Accrued investment||income|||115,591|115,584| ||Prepayments|and other accrued income||||66,277|8,951| |||||||181,905|124,565| |14.|Short term deposits||||||| |||||||2023|2022| ||||||||F| ||CBFordinary|deposit||||178,095|317,622| |15.|Cash and bank||||||| |||||||2023|2022| |||||||F|F| ||Current Account|||||17,498|87,479| |16.|Liabilities: amounts|||falling due within one year|||| |||||||2023|2022| |||||||F|F| ||Trade creditors|||||212|5,216| ||Accruals and|deferred||income||17,881|16,095| ||Grant and programme|||commitments|(see note 18)|375,078|339,718| |||||||393,171|361,029| ## ## |||||Commitments|||| |---|---|---|---|---|---|---|---| |||||entered
into/increased|Grants (paid)/||| |Payable|in|Commitment|at|during the period|deferred|Commitment|at| |year||1stSeptember|2022|(net ofwithdrawals)|in the period|31stAugust 2023|| |||E|||||| |2022/23||339,718||167,766|(507,484)||| |2023/24||159,833||210,816|4,429|375,078|| |2024/25||88,904||57,290|94|146,288|| |2025/26||2,000||13,333|2,475|17,808|| |2026/27||||6,000||6,000|| |2027/28||||2,000||2,000|| |||590,455||457,205|(500,486)|547,174|| ||||||||4l|Cl
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ill0I-| ## ## ## ## ## ## |||||2023|2022| |---|---|---|---|---|---| ||||||K| |Net income for year||||(877,259)|(1,541,969)| |Proceeds from sale|of investments||||(640,000)| |Dividends
received||||(695,823)|(697,108)| |Interest receivable||||(439)|(51)| |Depreciation
and impairment||oftangible|fixed assets|962|1,261| |Loss/(gain)
on investment||||777,004|1,502,219| |Decrease
in debtors||||(57,340)|21,112| |Increase
in creditors||||(46,499)|196,935| |Decrease
in pension
Section 75 pensions|provision
settlement||||(18,110)
500,000| |Net cash flow from operating||activities||(899,394)|(675,711)| ## ## ## ## ||||Endowment|Restricted|Unrestricted|Total| |---|---|---|---|---|---|---| ||||Fund|Funds|Funds|2022| |Income from:||||||| |Charitable
activities||||81,382|800|82,182| |Investments|||||697,159|697,159| |Total income||||81,382|697,959|779,341| |Expenditure
on:||||||| |Charitable
activities:||||||| |Grants payable|||||182,164|182,164| |Programme
costs/strategic||funding||7,800|526,870|534,670| |Core support costs||||2,763|237,795|240,558| |Total expenditure||||10,563|946,829|957,392| |Net income/(expenditure)||before||||| |gains on investments||||70,819|(248,870)|(178,051)| |Net gains on investments|||(822,917)||(41,001)|(863,918)| |Net income/(expenditure)|||(822,917)|70,819|(289,871)|(1,041,969)| |Extraordinary
items|||||(500,000)|(500,000)| |Transfer between
funds|||(500,000)||500,000|| |Net movement
in funds|||(1,322,917)|70,819|(289,871)|(1,541,969)| |Fund balances
brought|forward|||||| |at 1stSeptember 2021|||23,765,429||1,043,426|24,808,855| |Fund balances carried|forward|||||| |at 31stAugust 2022|||22,442,512|70,819|753,555|23,266,886|