##
##
|CONTENTS AND C|HARITY INFORMATION||
|---|---|---|
|CO~S||PAGE|
|Report ofthe Trustees||1-3|
|Independent
Auditor's|Report|4-6|
|Statement ofFinancial|Activities||
|Balance Sheet|||
|Notes to the Financial|Statements|9-15|
##
|EX-OFFICIO TRUSTEES|Rev'd Dr J Bunker
Vicar ofthe Parish|of|Ascension (StLuke' s)|Ascension (StLuke' s)|
|---|---|---|---|---|
||Rev'd INay
Vicar ofStPaul's Church|||(fiom 1st September 2022)|
||Rev'd Dr RBarry
Vicar ofSt Philip's|(from||1st September 2022)|
||Mr R Summers
Representing
St Clements|||(until 28th February 2022)|
||Rev'd A Day (from 1stMarch 2022)||||
|LAY TRUSTEES APPOINTED BYPCCs|Mrs G Ambrose
Mr D Farrer ««
Mr A MacLellan«,"
Mr M Pettifer «'
Parish ofAscension (StLuke' s)
St Paul's
St Philip's
(Treasurer
and Vice Chair)
St Clements||||
|LAY TRUSTEES APPOINTED BYTHE
DIOCESAN BOARD OF EDUCATION|Canon A Read '
Rev'd A Day ' (unti128th February 2022) Currently||Vacant||
|TRUSTEES APPOINTED BYTHE
UNIVERSITY OF CAMBRIDGE|Dr K Carne ', ««
Mrs P Pritchard OBE '||||
|TRUSTEE APPOINTED BYSOUTH|||||
|CAMBRIDGE DEANERY SYNOD|Currently
Vacant||||
|TRUSTEE APPOINTED BYNORTH|||||
|CAMBRIDGE DEANERY SYNOD|Currently
Vacant||||
|CO-OPTED TRUSTEES ELECTED BY|Mrs C Lowe «(until 31stDecember 2022)||||
|THE BOARD FOR 5 YEARS|The Rev'd M Roberts'||||
||Dr K Came (until 31st December 2022)||||
||Mrs P Pritchard OBE(fiom 1st January 2023)||||
|MANAGEMENT
TEAM|Isobel Rawlhtson
supported
by administrator
and|project||officers|
|PRINCIPAL OFFICE|c/o StPhilip's
Church Centre||||
||185 Mill Road, Cambridge,
CBI 3AN||||
|AUDITORS|Prentis &Co LLP||||
||Chartered
Accountants
and Statutory
Auditors||||
||115cMilton Road, Cambridge,
CB4 IXE||||
|BANKERS|CAF Bank Ltd||||
||25 Kings Hill Avenue,
Kings Hill, West Mailing,|Kent, ME I94JQ|||
|INVESTMENT MANAGERS|CCLA Investment
Management||||
||One Angel Lane, London, EC4R 3AB||||
|SOLICITORS|Ashtons Legal, 77Newmarket
Road, Cantbridge,|CB5 8EU|||
|LINKED CHARITIES|Park Street Church ofEngland
Junior Mixed and|Infants||School (311326-4)|
||StLukes Church ofEngland
School (311326-2)||||
||StPaula Church ofEngland
School Junior Mixed|Infants||(311326-8)|
||St Philips Church ofEngland
School (311326-5)||||
|' denotes member ofthe Executive Conunittee
««denotes
member ofthe Finance||Committee|||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|Vl||ID|Cl||l|Ct||||Ct|
|---|---|---|---|---|---|---|---|---|---|---|
|CV|Cll||M|M|Ctt||||||
|CO||||tCt|||||CI||
|||C
m|CV|N|||||C'||
||||||||||Ct||
|||||||Ct||M
'cl|||
||||||||||CV||
|||||||||||CO|
|||ICt|ICt|Ift|||||||
|||Ctt|Ch|Ct|||||||
|||M|M|M|||||||
|||'M|||||||||
|Ct
ltl|C
M|Ct
CC0|||l
Ct
Clt|CO
CQl
M|||C||
||M|M|||||||||
||||||||||CC||
||||||CO|M|||Ct|Vl|
|||'CP||||CI|||||
|||||Ctt|M|ttt||||Ct|
||m|O|Ct
CI|Cm||ltlm|||||
||||||||CI||||
||||||||CC||||
||||||||M||||
||||||||Ql||||
||||||||Ct||||
|||00|||||||||
|||CV|||||||||
||||C|||||||CO|
|Ct|||Olt||||||||
|00|CI||||||||||
||||M||||||||
##
##
||||2022|2021||
|---|---|---|---|---|---|
|||Notes|I|||
|FIXEDASSETS||||||
|Tangible fixed assets|||I1,079||11,721|
|Investments|||10,114,421|1|1,352,114|
|TOTAL FIXEDASSETS|||10,125,500|11,363,835||
|CURRENT ASSETS||||||
|Debtors||10|82,661|29,025||
|Cash at bank and in hand|||203,966|241,817||
|TOTAL CURRENT ASSETS|||286,627|270,842||
|LIABILITIES||||||
|Creditors: amounts
falling due within||||||
|one year
NETC~ASSETS|||(144412)
142,415|(40,437)|230,405|
|TOTAL NET ASSETS
THE FUNDS OFTHE~|||10467,915|11,594,240||
|Restricted ihnds:||||||
|Permanent
endowment|fund||7,706,352||8,735,741|
|Unrestricted
ftmds|||2,561,563||2,858,499|
|TOTAL FUNDS|||10467,915|11,594240||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|INVESTMENT INCOME|INVESTMENT INCOME||||2022|2021|
|---|---|---|---|---|---|---|
|Interest on cash deposits|||||134||
|Income fiom listed|investment||||351,084|288,997|
|Rental income|||||40,966|43,294|
||||||392,184|332,291|
|INCOME FROM OTHER TRADING ACTIVITIES|||||2022|2021|
|Refund ofSection|106Project|costs|||2,118|1,395|
|Solar Panel income|||||7,743|6,731|
|Other|||||301|399|
||||||10,162|8,525|
|EXPENDITURE ON CHARITABLE ACTIVITIES|||||||
|||||Direct|Support|Total|
||||Grants|costs|costs|2022|
|Grants to promote|education:||||||
|Grants to schools|||233,152|3,707||236,859|
|Grants to service delivery charities|||39,647|||39,647|
|In house education
A~ation|projects|||60,537|36,468|60,537
36,468|
|Development,
repair and maintenance|||||||
|ofchurch schools|||2,118|11,038|4,311|17,467|
|Total expenditure|for charitable|activities|274,917|75,282|40,779|390,978|
|EXPENDITURE ON CHARITABLE ACTIVITIES||||Direct|Support|Total|
||||Grants|costs|costs|2021|
|PRIOR YEAR|||8||||
|Grants to promote|education.||||||
|Grants to schools|||128,274|3,092||131,366|
|Grants to service delivery
charities|||34,043|||34,043|
|In house education|projects|||42,436||42,436|
|Administration|||||31,279|31,279|
|Development,
repair and maintenance|||||||
|ofchurch schools|||1,395|11,966|3,834|17,195|
|Total expenditure|for charitable|activities|163,712|57,494|35,113|256,319|
##
##
|4c.|ANALYSIS OF SUPPORT COSTS|ANALYSIS OF SUPPORT COSTS|ANALYSIS OF SUPPORT COSTS|||||
|---|---|---|---|---|---|---|---|
||||||Charitable|Governance|Total|
||CURRENT YEAR||||activities|costs|2022|
||Wages and salaries||||36,468||36,468|
||Audit, accountancy|and legal|fees|||4,311|4,311|
||Total support costs||||36,468|4,311|40,779|
||||||Charitable|Governance|Total|
||PRIOR YEAR||||activities|costs|2021|
||Wages and salaries||||31,279||31,279|
||Audit, accountancy|and legal|fees|||3,834|3,834|
||Total support costs||||31,279|3,834|35,113|
||ANALYSIS OF STAFF COSTS AND KEYMANAGBMBNT|||PBRSONNEL||2022|2021|
||Wages and salaries|(including|social security)|||67,294|58,747|
||Pension costs|||||3,012|2,661|
|||||||70,306|61,408|
||No employees
had|emoluments|m excess off60,000(2021:none).|||||
##
##
|ga.|TANGIBLE FIXEDASSETS|||||
|---|---|---|---|---|---|
||CURRENT YEAR|Computer|Mobile|Park Street||
|||Equipment|Classrooms|Lease|Total|
||COST OR VALUATION|||||
||Balance at 1st January 2022 and 31stDecember 2022|3,276|35,724|32,]13|71,113|
||DEPRECIATION|||||
||Balance at I January 2022|3,276|35,724|20,392|59,392|
||Charge for the year|||642|642|
||Balance at 31 December 2022|3,276|35,724|21,034|60,034|
||NET BOOK VALUE at 31December 2022|||11,079|11,079|
|gb.|TANGIBLE FIXEDASSETS|||||
||PRIOR YEAR|Computer|Mobile|Park Street||
|||Equipment|Classrooms|Lease|Total|
||COST OR VALUATION|||||
||Balance at 1st January 2021 and 31stDecember 2021|3,276|35,724|32,113|71,113|
||DEPRECIATION|||||
||Balance at I January 2021|3,276|35,724|19,750|58,750|
||Charge for the year|||642|642|
||Balance at 31December 2021|3,276|35,724|20,392|59,392|
||NET BOOK VALUE at 31 December 2021|||11,721|11,721|
||Tangible fixed assets do not include|Tangible fixed assets do not include|thc value ofschool buildings|thc value ofschool buildings|thc value ofschool buildings|as it is not known|as it is not known|and on|the basis that it||
|---|---|---|---|---|---|---|---|---|---|---|
||is immaterial
to the Trust.||||||||||
|9a.|INVESTMENTS - CURRENT YEAR|||Market||||||Market|
|||||Value|||||Net|Value|
|||||1st January||Additions/|||Unrealised|31st December|
|||||2022||Income|Transfer||Gains/(losses)|2022|
||||||f.||||||
||Permanent
endowment|fund|||||||||
||Central board offinance|investment|fund|8,735,741|||||(1,029,389)|7,706,352|
||General funds||||||||||
||Central board offinance|investment|fund|2,6]6,373||]00,000|||(308,304)|2,408,069|
||Total Investments|||]1,352,|114|100,000|||(1,337,693)|10,1]4,421|
##
##
##
|9b.|INVESTMENTS - PRIOR YEAR|INVESTMENTS - PRIOR YEAR|INVESTMENTS - PRIOR YEAR||||Market||||Market|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||Value|||Net|Value|
|||||||]st January||Additions/||Unrealised|31st December|
||||||||2021|Income|Transfer|Gains/(losses)|2021|
|||||||||||8||
||Permanent
endowment|fund||||||||||
||Central board offinance|investment|||fund||7,627,309|||1,108,432|8,735,741|
||General funds|||||||||||
||Central board offinance|investment|||fund||2,284,395|||331,978|2,616,373|
||Totallnvestments||||||9,911,704|||1,440,410|]],352,114|
||The historical cost ofinvestments|||at|31st|December|2021 was f4,686,725 (2020:f4,686,725).|||||
||All invesunents
are held|primarily||for the||purpose ofproviding||an investment|return.|||
|10,|DEBTORS|||||||||2022|202]|
||Accrued income and other debtors|||||||||8],406|27,863|
||Prepayments|||||||||],255|1,162|
|||||||||||82,661|29,025|
|11.|CREDITORS'. Amounts|falling|due||within|one year||||||
|||||||||||2022|2021|
||Taxation and social security|||||||||],224|1,156|
||Other creditors|||||||||58,579|8,534|
||Sums held on behalf ofschools|||||||||72,052|26,897|
||Accruals
and deferred
income|||||||||12,357|3,850|
|||||||||||]44,212|40,437|
|12a.|FUNDS ANALYSIS|||||Balance as|||||Balance as|
||- CURRENT YEAR||||||at 1st||||at 31st|
||||||||January|||Gains/|December|
||||||||2022|Income|Expenditure|(Losses)|2022|
|||||||||||f||
||Permauent
endowment|fund||||||||||
||Old Schools ofCambridge||||||8,735,741|||(1,029,389)|7,706,352|
||Restricted
funds|||||||||||
||Section 106project costs|||||||2,118|(2,]18)|||
||Unrestricted
funds|||||||||||
||General
fund||||||2,858,499|400,228|(388,860)|(308,304)|2,561,563|
||Total funds||||||]],594,240|402,346|(390,978)|(1,337,693)|10,267,915|
##
##
|12b.|FUNDS ANALYSIS|FUNDS ANALYSIS||Balance|as||||Balance as|
|---|---|---|---|---|---|---|---|---|---|
||- PRIOR YEAR|||at 1st|||||at 31st|
|||||January||||Gains/|December|
|||||2021|f|Income|Expenditure|(Losses)|2021|
||Permanent|endowment|fund|||||||
||Old Schools|ofCambridge||7,627,309||||1,108,432|8,735,74]|
||Restricted funds|||||||||
||Section 106|project costs||||],395|(1,395)|||
||Unrestricted|funds||||||||
||General
fund|||2,442,024||339,421|(254,924)|331,978|2,858,499|
||Total funds|||10,069,333||340,816|(256,319)|1,440,410|11,594,240|
##
|13a.|NET ASSETSBYFUND|NET ASSETSBYFUND|NET ASSETSBYFUND|Tangible||Net||
|---|---|---|---|---|---|---|---|
||- CURRENT YEAR|||Fixed||Current|2022|
|||||Assets|Investments|Assets|Total|
|||||||f||
||Permanent|endowment|fund:|||||
||Old Schools|ofCmnbridge|||7,706,352||7,706,352|
||Unrestricted|funds||11,079|2,408,069|142,415|2,561,563|
||Total funds|||]1,079|10,114,421|142,415|10,267,915|
|13b.|NET ASSETS BYFUND|||Tangible||Net||
||-PRIOR YEAR|||Fixed||Current|2021|
|||||Assets|Investments|Assets|Total|
||Permanent|endowment|fund:|||||
||Old Schools ofCambridge||||8,735,741||8,735,741|
||Uurestricted|funds||11,721|2,616,373|230,405|2,858,499|
||Total funds|||11,72]|11,352,1]4|230,405|11,594,240|
##
##