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|||Page|
|---|---|---|
|Governors'|Annual Report||
|Auditors'|Report||
|Statement|ofFinancial Activities||
|Balance Sheet||10|
|Notes to the Accounts|||
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|Appointed|by United Reformed Church|by United Reformed Church|Rev'd L-M|Browning|(Resigned|September 2021)|
|---|---|---|---|---|---|---|
|Appointed|by United Reformed Church||Rev'd SAnsa-Addo|||Until 2025|
||||(Appointed|May 2022)|||
|Appointed|by Westminster|College|Vacant||||
|Appointed|by Countess of|Huntingdon|||||
|Connexion|||Revd BBGreen|||Until 2023|
|Appointed|by Countess of|Huntingdon|||||
|Connexion|||Revd BQuant»|||Until 2024|
|Appointed|by Countess of|Huntingdon|||||
|Connexion|||Vacant||||
|Subscribers'|rep||DrD Tatum|||Until 2025|
|Subscribers'|rep||Vacant||||
|Subscribers'|rep||Vacant||||
|Old Student|||Revd CBall|||Until 2023|
|Old Student|||Revd WFBowman (Convener)»|||Until 2024|
|University ofCambridge|||Vacant||||
|University ofCambridge|||Vacant||||
|Council for|World Mission||Mr W McVey (Treasurer)»|||Until 2025|
|Council for|World Mission||Vacant||||
|Cheshunt
Director|||Revd DrJE|Soyars»||Ex-officio|
|Investment
sub-committee|||||||
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||||Endowment|Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||Note|Funds|Funds|Funds|Funds|Funds|
||||2022|2022|2022|2022|2021|
||||f|f||||
|Incoming Resources||||||||
|Voluntary Income||||||||
|Donations|||||20|20|30|
|Other Income||||||||
|Other income||||||||
|Investment
Income||||||||
|Stocks and Shares|||8,638||120,663|129,301|115,487|
|Bank Interest|||||139|139|13|
|Total Incoming Resources|||8638||120822|129 460|115530|
|Resources Expended||||||||
|Charitable Activities||||||||
|Individuals|||8,638||4,515|13,153|10,435|
|Institutions|||||61,935|61,935|86,981|
|Other|||||4,814|4,814|4,224|
|Staffand Support Costs|||||10,551|10,551|11,572|
|Depreciation|||||1,099|1,099|1,099|
|Governance
Costs||||||||
|Staffand Support Costs|||||16460|16460|16358|
|Total Resources Expended|||8638||99374|108012|130669|
|Net Incoming/(Outgoing)||Resources|||21,448|21,448|( 15,139)|
|Other Recognised Gains and Losses||||||||
|Gains and losses on investments:||||||||
|Unrealised||||||||
|Investments||9|5227||36369|41 596|444456|
|Net Movement
in Funds|||( 5,227)||(14,921)|(20,14$)|429/17|
|Fund balances brought|forward||171834|5 002|2788 114|2964,950|2535633|
|Fund balances carried|forward||166,607|5 002|2,773193|2,944,802|2964,950|
##
|||2022|2022|2021||
|---|---|---|---|---|---|
||Note|||||
|Fixed Assets||||||
|Tangible Assets|||29,756||30,855|
|Stocks and Shares|||2,796,259|2,837,855||
|Antique
Furniture||||||
||||2,826,015|2,868,710||
|Current Assets||||||
|Debtors||40||1||
|Cash at bank and in|hand|122,407||109,086||
|||122,447||109,087||
|Creditors: Amounts|falling due within one year|||||
|Accrued Expenses||3,660||12,847||
|Net Current Assets|||118787||96240|
|Net Assets|||2,944,802|2,964,950||
|Funds||||||
|Endowments|||166,607||171,834|
|Restricted Funds|||5,002||5,002|
|Unrestricted
Funds||||||
|General||2,601,767||2,606,388||
|Designated||171426||181726||
||||2 773 193|2|788 114|
||||2,944,$02|29964,950||
|N BEHALF OFTHE GOVERNORS||||||
|evd W.F.Bowman||Rev|rJ.E.Soyars|||
|onvener||Ches|unt Director|||
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|Holding|Investment|Investment||Cost|Market|Income||
|---|---|---|---|---|---|---|---|
||||||Value|2022|2021|
|No||||||||
||Endowment fund|||||||
|11,218|M &G Charifund|Units||38,729|166,607|8,638|7,516|
|||||38,729|166,607|8,638|7,516|
||Unrestricted
Funds|||||||
||General|||||||
|120,967|M &G Charifund|Units||769,062|1,796,580|93,030|81,048|
|104,375|Temple Bar Investment||Trust PLC|11,600|227,538|8,246|8,037|
|161,232|Charities Property|Fund||156,479|241,009|8,244|7,948|
|65,923|COIF Charities Ethical||Fund|76,033|182,350|5,577|5,491|
|9,472|M&G Charibond|units||10336|10749|323|285|
|||||1,023,510|2,458,226|115,420|102,809|
||Designated|||||||
|61,974|COIF Charities Ethical||Fund|98648|171426|5243|5 162|
|||||1,122,158|2,629,652|120,663|107,971|
||Total all Funds|||1,160,887|2,796,259|129,301|115,487|
||Summary ofChanges During Year|||||||
||At 1 July 2021|||1,160,887|2,837,855|||
||Additions|||||||
||Increase on revaluation|||||||
|||||1,160,887|2,837,855|||
||Disposals|||||||
||Decrease in valuation||||41 596|||
||At 30June 2022|||1,160,887|2 796259|||
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|For the Year Ended 30June 2022||||||
|---|---|---|---|---|---|
|3. Grants and Other Expenditure|Endowment|Restricted|Unrestricted|Total|Total|
||Funds|Funds|Funds|Funds|Funds|
||2022|2022|2022|2022|2021|
|||f|f|||
|Support for Individuals||||||
|Westminster
Student Bursaries||||||
|Non URC - Columbia
Exchange||||||
|In-Service Training ofMinisters|4,088||4,515|8,603|3,864|
|Cambridge
Theological Federation|||||3,996|
|Discretionary
Grants|116|||116|100|
|Book Grants|163|||163|75|
|Cheshunt
Educational
Fund|4,271|||4,271|1,900|
|Cheshunt
Student Bursaries|||||500|
||8,638||4,515|13,153|10,435|
|Support for Institutions||||||
|Stipend for Director ofStudies|||35,145|35,145|34,076|
|Pension Contributions|||6,387|6,387|6,571|
|Upkeep ofCollege House|||4437|4437|28 174|
|Total Director ofStudies|||45,969|45,969|68,821|
|Less 10%Charged to Support Costs|||4596|4 596|6882|
|Total to Westminster
College|||41,373|41,373|61,939|
|Grant to COH Connexion|||20 562|20562|25 042|
||||61935|61935|86981|
|Other||||||
|RCL Support||||||
|Maintain
Historical Archives|||4814|4814|4224|
||||4$14|4$14|4 24|
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|For the Year Ended 30June 2022||||||||
|---|---|---|---|---|---|---|---|
|4. Staff and Support Costs||Charitable||Governance|Total||Total|
|||Activity||||||
|||2022||2022|2022
f||2021f|
|Director's Costs as note 4 above (10%)||2,298||2,298||4,596|6,882|
|Westminster
College Administration|Charges|8,253||8,253||16,506|16,262|
|Audit and Accountancy
Fees||||3,660||3,660|3,320|
|Insurance ofCollege Contents||||1,283||1,283|1,143|
|Governors'
Meetings||||730||730||
|Miscellaneous||||206||206|293|
|Bank Charges||||30||30|30|
|||10551||16460||27011|27930|
|Ofthe Office Salaries and other costs|expended|by Westminster|College, the Trustees|||consider|that f8,25|
|relates to Charitable
Activities.||||||||
|5.Auditor's
Remuneration||||||||
||||||2022||2021|
|Audit fees|||||f1,950||K1,800|
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||Charitable|Charitable|activities|activities||Governance|All|
|---|---|---|---|---|---|---|---|
||||||||Purposes|
||Freehold|Office||Furniture|Total|Furniture||
||Land &|Equipment||(5&o)|Charitable|(5No)||
||Buildings||||Activities|||
||f|f||f|f|||
|Cost||||||||
|At
1 July 2021|54,954|1,340||197|56,491|197|56,688|
|Additions||||||||
|Disposals||||||||
|At 30June 2022|54,954|1|340|197|56,491|197|56,688|
|Depreciation||||||||
|At I July 2021|24,099|1,340||197|25,636|197|25,833|
|Charge for year|1,099||||1,099||1,099|
|Eliminated
on disposal||||||||
|At 30June 2022|25,198|1,340||197|26,735|197|26932|
|Net BookValue||||||||
|At 30June 2022|29,756||||29,756||29,756|
|At 30June 2021|30,855||||30,855||30855|
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|For the Yea|r Ended 30J|une 2022||||||
|---|---|---|---|---|---|---|---|
|9. Analysis|ofNet Assets|Between Funds|Tangible|Stocks||Net||
||||Fixed|and|Antique|Current||
||||Assets|Shares|Furniture|Assets|Total|
||||||||f|
|Endowment|Funds|||166,607|||166,607|
|Restricted Funds||||||5,002|5,002|
|Unrestricted|Designated|Funds||171,426|||171,426|
|Unrestricted|General Funds||29756|2458226||113785|2 601 767|
|Total Funds|||29,756|2,796259||118,787|2,944,802|
||||Endowment»|Unrestricted|Funds||
|---|---|---|---|---|---|---|
|||||Designated|General|Total|
|Unrealised|gains at 1 July 2021||133,105|83,078|1,460,785|1,676,968|
|Gain/(losses)
arising on revaluation||in year|5227|10300|26069|41 596|
|Unrealised|gains at30June 2022||127,878|72 778|1,434716|1,635,372|
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