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|||Page|
|---|---|---|
|Governors'|Annual Report||
|Auditors'|Report||
|Statement|ofFinancial Activities||
|Balance Sheet||10|
|Notes to the Accounts|||
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||||Endowment|Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||Note|Funds|Funds|Funds|Funds|Funds|
||||2023|2023|2023|2023|2022|
||||f|||||
|Incoming Resources||||||||
|Voluntary Income||||||||
|Donations|||||20|20|20|
|Other Incotne||||||||
|Other income||||||||
|Investment
Income||||||||
|Stocks and Shares|||9,423||131,099|140,522|129,301|
|Bank Interest|||||1 611|1,611|139|
|Total Incoming Resources|||9423||132730|142 153|129460|
|Resources Expended||||||||
|Charitable
Acttvttt'es||||||||
|Individuals|||9,423||13,868|23,291|13,153|
|Institutions|||||92,131|92,131|61,935|
|Other|||||10,572|10,572|4,814|
|Staffand Support Costs|||||11,252|11,252|10,551|
|Depreciation|||||1,099|1,099|1,099|
|Governance
Costs||||||||
|Staffand Support Costs|||||18233|18233|16460|
|Total Resources Expended|||9,423||147 155|156578|108,012|
|Net Incoming/(Outgoing)||Resources|||( 14,425)|( 14,425)|21,448|
|Other Recognised Gains and Losses||||||||
|Gains and losses on investments:||||||||
|Untealised||||||||
|Investments||9|8973|-|125415|134388|41,596|
|Net Movement
in Funds|||( 8,973)||(139,840)|(148,813)|( 20,148)|
|Fund balances brought|forward||166607|5002|2 773 193|2944 802|2964950|
|Fund balances carried|forward||157,634|5,002|2,633/53|2,795989|2,944,802|
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||||2023||2022||
|---|---|---|---|---|---|---|
||Note||||||
|Fixed Assets|||||||
|Tangible Assets||||28,657||29,756|
|Stocks and Shares|||2,661,871||2,796,259||
|Antique
Furniture|||||||
||||2,690,528||2,826,015||
|Current Assets|||||||
|Debtors||201|||40||
|Cash at bank and in|hand|109,220|||122,407||
|||109,421|||122,447||
|Creditors: Amounts|falling due within one year||||||
|Accrued Expenses||3,960|||3,660||
|Net Current Assets||||105461||118787|
|Net Assets|||2,795,989||2,944,802||
|Funds|||||||
|Endowments||||157,634||166,607|
|Restricted Funds||||5,002||5,002|
|Unrestricted
Funds|||||||
|General||2,457,961|||2,601,767||
|Designated||175392|||171426||
||||2,633 353||2|773 193|
||||2,795,9$9||2,944,$02||
|ON BEHALF OF THE GOVERNORS|||||||
|4J|||||||
|Revd W.F.Bowman||Re|Dr|J .Soyars|||
|Convener||Ch|eshunt|irector|||
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|Holding|Investment|Investment||Cost|Market|Income||
|---|---|---|---|---|---|---|---|
||||||Value|2023|2022|
|No||||||f,|f|
||Endowment fund|||||||
|11,218|M &G Charifund|Units||38,729|157,634|9,423|8,638|
|||||38,729|157,634|9,423|8,638|
||Unrestricted
Funds|||||||
||General|||||||
|120,967|M&G Charifund|Units||769,062|1,699,818|101,612|93,030|
|104,375|Temple BarInvestment||Trust PLC|11,600|231,191|9,759|8,246|
|161,232|Charities Property|Fund||156,479|201,330|8,423|8,244|
|65,923|COIF Charities Ethical||Fund|76,033|186,569|5,676|5,577|
|9,472|M &GCharibond|units||10336|9936|293|323|
|||||1,023,510|2,328,844|125,763|115,420|
||Designated|||||||
|61,974|COIF Charities Ethical||Fund|98648|175393|5336|5243|
|||||1,122,158|2,504,237|131,099|120,663|
||Total all Funds|||1,160,887|2,661,871|140,522|129,301|
||Summary ofChanges During Year|||||||
||At 1 July 2022|||1,160,887|2,796,259|||
||Additions|||||||
||Increase on revaluation|||||||
|||||1,160,887|2,796,259|||
||Disposals|||||||
||Decrease in valuation||||134388|||
||At 30June 2023|||1,160,887|2,661,871|||
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|For the Year Ended 30June 2023||||||
|---|---|---|---|---|---|
|3. Grants and Other Expenditure|Endowment|Restricted|Unrestricted|Total|Total|
||Funds|Funds|Funds|Funds|Funds|
||2023|2023|2023|2023|2022|
|Support for Individuals||||||
|Non URC - Columbia Exchange||||||
|In-Service Training ofMinisters|6,520||13,868|20,388|8,603|
|Cambridge
Theological Federation||||||
|Discretionary
Grants|||||116|
|BookGrants|221|||221|163|
|Cheshunt
Educational
Fund|2,682|||2,682|4,271|
|Cheshunt
Student Bursaries||||||
||9,423||13,$6823,291||13,153|
|Support for Institutions||||||
|Stipend for Director ofStudies|||36,699|36,699|35,145|
|Courses, Travel and Book-Grant|||9,560|9,560||
|Pension Contributions|||5,967|5,967|6,387|
|Upkeep ofCollege House|||1 159|1 159|4437|
|Total Director ofStudies|||53,385|53,385|45,969|
|Less 10%Charged to Support Costs|||5 338|5338|4596|
|Total to Westminster
College|||48,047|48,047|41,373|
|Grant to Westminster
College|||21,000|21,000||
|Grant to COH Connexion|||23 084|23 084|20 562|
||||92,131|92,131|61935|
|Other||||||
|RCL Support||||||
|Maintain Historical Archives|||10,572|10,572|4814|
||||10572|10572|4,$14|
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|4. Staff and|Support|Costs||Charitable|Governance|Total|Total|
|---|---|---|---|---|---|---|---|
|||||Activity||||
|||||2023|2023|2023|2022|
|Director's Costs as note||4 above (10%)||2,669|2,669|5,338|4,596|
|Westminster|College Administration||Charges|8,583|8,583|17,166|16,506|
|Audit and Accountancy||Fees|||3,960|3,960|3,660|
|Insurance ofCollege Contents|||||1,891|1,891|1,283|
|Governors'
Meetings|||||467|467|730|
|Miscellaneous|||||633|633|206|
|Bank Charges|||||30|30|30|
|||||11 52|18 33|29485|27011|
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|2023|2022|
|---|---|
|f.2,100|K1,950|
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||Charitable|Charitable|activities|activities||Governance|All|
|---|---|---|---|---|---|---|---|
||||||||Purposes|
||Freehold|Office||Furniture|Total|Furniture|Total|
||Land k|Equipment||(50Ão)|Charitable|(5&0)||
||Buildings||||Activities|||
||||||f|||
|Cost||||||||
|At 1 July 2022|54,954||1,340|197|56,491|197|56,688|
|Additions||||||||
|Disposals||||||||
|At 30June 2023|54954||1,340|197|56,491|197|56,688|
|Depreciation||||||||
|At 1 July 2022|25,198||1,340|197|26,735|197|26,932|
|Charge for year|1,099||||1,099||1,099|
|Eliminated
on disposal||||||||
|At 30June 2023|26,297||1,340|197|27,834|197|28,031|
|Net BookValue||||||||
|At 30June 2023|28,657||||28,657||28,657|
|At 30June 2022|29,756||||29,756||29,756|
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|For the Yea|r Ended 30J|une 2023||||||
|---|---|---|---|---|---|---|---|
|9. Analysis|ofNet Assets|Between Funds|Tangible|Stocks||Net||
||||Fixed|and|Antique|Current||
||||Assets|Shares|Furniture|Assets|Total|
|||||f,|||f,|
|Endowment|Funds|||157,634|||157,634|
|Restricted Funds||||||5,002|5,002|
|Unrestricted|Designated|Funds||175,392|||175,392|
|Unrestricted|General Funds||28 657|2328845||100459|2457 961|
|Total Funds|||28,657|2,661,871||105,461|2,795,989|
||||Endowment»|Unrestricted|Funds||
|---|---|---|---|---|---|---|
|||||Designated|General|Total|
|Unrealised|gains at 1 July 2022||127,878|72,778|1,434,716|1,635,372|
|Gain/(losses)
arising on revaluation||in year|8973|3966|129 381|134 388|
|Unrealised|gains at 30June 2023||118,905|76,744|1,305,335|1,500,984|
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