2022-04-01-accounts - The Catholic Record Society

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			Page
Report ofthe Trustees		I	to	4
Independent Examiner's	Report
Statement ofFinancial	Activities
Balance Sheet
Notes to the Financial Statetnents		8	to	16
Detailed Statement ofFinancial Activities		17	to	18

						2022	2021
				Unrestricted	Restricted	Total	Total
				fund	funds	funds	funds
			Notes	8
INCOME	AND ENDOWMENTS FROM
Donations	and legacies			1,000		1,000	1,000
Charitable		activities
Publications		&Subscriptions		10,161		10,161	11,330
Conferences							(294)
Investment		income		12,976	5,408	18,384	18,403
Total				24,137	5,408	29,545	30,439
EKPENDITURK ON
Charitable		activities
Publications Management		dt Subscriptions k Admin.		4,906 6,039		4,906 6,039	4,562 8,252
Grants					2,703	2,703	5,643
Total				10,945	2,703	13,648	18,457
Net gains on investments				39,835	~16594	56,429	112,655
NKT INCOME				53,027	19,299	72,326	124,637
RECONCILIATION OF FUNDS
Total funds		brought forvrard		495,710	204,009	699,719	575,082
TOTAL FUNDS CARRIED FORWARD				548,737	~223 308	772,045	699,719

				2022	2021
		Unrestricted	Restricted	Total	Total
		fund	funds	funds	funds
	Notes
FIXEDASSETS
Intangible assets	11	4,409		4,409	6,006
Investments	12	509 167	208,883	~718050	643,242
		513,576	208,883	722,459	649,248
CURRENT ASSETS
Debtors Cash in hand	13	8,146 ~31115	14,425	8,146 ~45 540	4,006 ~49977
		39,261	14,425	53,686	53,983
CREDITORS
Amounts falling due within one year	14	(4,100)		(4,100)	(3,512)
NET CURRENT ASSETS		35 161	14,425	49586	50,471
TOTAL ASSETSLESSCURRENT	LIABILITIES	548,737	223,308	772,045	699,719
NET ASSETS		548 737	223 308	772 045	699,719
FUNDS	15
Unrestricted funds				548,737	495,710
Restricted funds:
Rt Rev Michael Williams Fund				212,456	193,888
David Rogers Research Fund				10,852	10,121
				223,308	~204 009
TOTAL FUNDS				772,045	699,719

DONATIONS	AND LEGACIES	AND LEGACIES
				2022	2021
Donations				1,000	1,000
INVESTMENT	INCOME
				2022	2021f
Dividends &Unit		Trust Income		18,379	18,379
Deposit Interest				5	24
				18,384	18,403
INCOME FROM CHARITABLE ACTIVITIES
				2022	2021
		Activity
Subscriptions Sale ofBackIssues and Royalty Publications			& Subscriptions	8,488	8,419
Income		Publications	&Subscriptions	1,673	2,911
Annual Conference &General
Meeting		Conferences			~294)
				10,161	11,036

CHARITA	BLE ACTIVITIES COSTS
			Grant
			funding of
		Direct	activities	Support
		Costs (see	(see note	costs (see
		note 6)	7)	note 8)	Totals
		6
Publications	&Subscriptions	4,906			4,906
Management	&Admin.			6,039	6,039
Grants			2,703		~2703
		4,906	2,703	6,039	~13648

				2022	2021
					6
Storage costs				454	462
Sink or Swim: Catholicism		in Sixties Britain through	John Ryan's Cartoons		3,600
CRS article award				500	500
Rites ofDurham	(Mailing	costs only)		1,273
Archive Relocation costs				2,679
				4,906	4,562
GRANTS PAYABLE
				2022	2021
Grants				~2703	5,643

SUPPORT	COSTS
			Information	Governance
		Management	technology	costs	Totals
					f.
Management	&Admin.	1,326	1,597	3,116	6,039

Support cost	s, included	in	the ab	ove, are as follows:
					2022	2021
					Management	Total
					&Admin.	activities
						8
Postage and	stationery	(refunded		to Trustees)		360
Sundries					124	50
Website maintenance					452	449
Development	officer consultancy			fees	750	3,000
Amortisation	ofintangible		fixed	assets	1,597	1,597
Council Meeting Costs (refunded				to Trustees)	165
Independent	Examiners Fees				435	425
Accountancy					2,301	2,221
Bank charges					147	150
Paypal charges					68
					6,039	8 252

2021COMPARATIVKS FORTHE STATEMENT OF FINANCIAL ACTIVITIES	2021COMPARATIVKS FORTHE STATEMENT OF FINANCIAL ACTIVITIES	2021COMPARATIVKS FORTHE STATEMENT OF FINANCIAL ACTIVITIES
		Unrestricted	Restricted	Total
		fund	funds 8	fundsI
INCOME	AND ENDOWMENTS FROM
Donations	and legacies	1,000		1,000
Charitable	activities
Publications	8t Subscriptions	11,330		11,330
Conferences		(294)		(294)
lnvestmentincorne		13,394	~5009	18,403
Total		25,430	5,009	30,439
EXPENDITURE ON
Charitable	activities
Publications	&Subscriptions	4,562		4,562

	Notes to the Financial Statements - continued for the Year Ended 31March 2022	Notes to the Financial Statements - continued for the Year Ended 31March 2022	Notes to the Financial Statements - continued for the Year Ended 31March 2022
10.	2021 COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES			-continued
			Unrestricted	Restricted	Total
			fund	funds	funds
			f.
	Management &Admin		8,252		8,252
	Grants			5,643	5,643
	Total		12,814	5,643	18,457
	Net gains on investments		82,047	30,608	112655
	NET INCOME		94,663	29,974	124,637
	RECONCILIATION	OF FUNDS
	Total funds brought forward		401,047	174,035	575,082
	TOTAL FUNDS CARRIED FORWARD		495 710	204,009	699,719
11.	INTANGIBLE FIXEDASSETS
			Digital	Website
			Journals	development	Totals
			f,
	COST
	At 1 April 2021 and 31	March 2022	6,857	3,640	10497
	AMORTISATION
	At 1April 2021		2,744	1,747	4,491
	Charge for year		686	911	~1597
	At 31March 2022		3,430	2,658	6088
	NET BOOK VALUE
	At 31March 2022		3,427	982	4,409
	At 31March 2021		4,113	~1893	6,006

FIXEDASSETINVESTMENTS
	Listed
	investments
MARKET VALUE
At 1 April 2021	643,242
Revaluations	~74 808
At 31March 2022	718,050
NET BOOK VALUE
At 31March 2022	718,050
At 31March 2021	643,242

vestments were	held in the UK	to provide a	n investment return	for the chari	ty and were as	follows:
			Market Value	31	March 2022		31March 2021
		Costf	Unrestricted Fundi	Restricted Fund f	Totalf	Costf	Market Value f
COIF Charities	Investment	603,647	509,167	208,883	718,050	603,647	643,243
	Fund
(Accumulation	Units)
		603.647	600,167	208,883	718,060	603,647	643 243

			Listed
			investments
Valuation	in	2021	39,595
Valuation	in	2022	74,808
Cost			~603 647
			718050

DEBTORS:		AMOUNTS FALLING DUE WITHIN ONE YEAR
				2022	2021
Royalties due				5,344	2,842
Prepayments				2,802	1,164
				8 146	4,006
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				2022	2021
				f
Other creditors				3,563	2,778
Subscriptions		received in advance		537	734
				4 100	3,512
MOVEMENT		IN FUNDS
				Net
				movement	At
			At 1.4.21	in funds	31.3.22
					f,
Unrestricted	funds
General fund			495,710	53,027	548,737
Restricted funds
Rt Rev Michael Williams Fund			193,888	18,568	212,456
David Rogers		Research Fund	10,121	731	~10 852
			204,009	19,299	~223 308
TOTAL FUNDS			699,719	72,326	772,045

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
					f,
Unrestricted	funds
General fund		24,137	(10,945)	39,835	53,027
Restricted funds
RtRev Michael Williams Fund David Rogers Research Fund		5,140 268	(2,343) ~360)	15,771 823	18,568 731
		5,408	2,703	16,594	19,299
TOTAL FUNDS		29,545	13,648	~56 429	72,326

Comparatives	for movement in funds
			Net
			movement	At
		At 1.4.20	in funds	31.3.21
Unrestricted	funds
General fund		401,047	94,663	495,710
Restricted funds
RtRev Michael Williams Fund David Rogers Research Fund		162,659 11,376	31,229 ~1,255)	193,888 10,121
		174,035	29,974	~204 009
TOTAL FUNDS		575,082	124,637	699719

		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
				6
Unrestricted	funds
General fund		25,430	(12,814)	82,047	94,663
Restricted funds
Rt Rev Michael Williams Fund David Rogers Research Fund		5,004 5	(4,383) ~1260)	30,608	31,229 ~1,255)
		5,009	~5643	30,608	29,974
TOTAL FUNDS		30,439	~18,457)	112655	124,637
A current year	12months and prior year 12tnonths	combined position is as follows:
				Net
				movement	At
			At 1.4.20	in funds	31.3.22
Unrestricted	funds
General fund			401,047	147,690	548,737
Restricted funds
RtRev Michael Williams Fund David Rogers Research Fund			162,659 11,376	49,797 ~524)	212,456 10,852
			174,035	49,273	223,308
TOTAL FUNDS			~575 082	196,963	772,045

	Incoming	Resources	Gains and	Movement
	resources	expended	losses	in funds
Unrestricted funds
General fund	49,567	(23,759)	121,882	147,690
Restricted funds
Rt Rev Michael Williams Fund David Rogers Research Fund	10,144 273	(6,726) ~1,620)	46,379 823	49,797 ~524)
	10,417	~8,346	47,202	49,273
TOTAL FUNDS	59,984	~32 105)	169,084	196,963

				The Catholic Record Soci
				Detailed Statement ofFinancial Activities
				for the Year Ended 31March 2022
					2022	2021
						f.
INCOME AND ENDOWMENTS
Donations and legacies
Donations					1,000	1,000
Investment income
Dividends &Unit Trust	Income				18,379	18,379
Deposit Interest					5	24
					18,384	18,403
Charitable activities
Subscriptions					8,488	8,419
Sale ofBackIssues and	Royalty Income				1,673	2,911
Annual Conference &General Meeting						~294)
					10,161	11,036
Total incoming resources					29,545	30,439
EXPENDITURE
Charitable activities
Storage costs					454	462
Sink or Swim: Catholicism		in Sixties Britain		through
John Ryan's Cartoons						3,600
CRS article award					500	500
Rites ofDurham (MaiTing		costs only)			1,273
Archive Relocation costs					2,679
Grants to individuals					2,703	~5643
					7,609	10,205
Support costs
Management
Postage and stationery	(refunded		to Council
members)						360
Sundries					124	50
Website maintenance					452	449
Development oBicerconsultancy			fees		750	3,000
					1,326	3,859
Information technology
Digital Journals					686	686
Carried forward					686	686

				The Catholic Record Sociei
				Detailed Statement ofFinancial Activities
				for the Year Ended 31March 2022
					2022		2021
Information technology
Brought forward						686		686
Website development						911		911
					1,597		1,597
Governance costs
Council Meeting Costs		(refunded to Trustees)				165
Independent Examiners			Fees			435		425
Accountancy					2,301		2,221
Bank charges						147		150
Paypal charges						68
					3,116		~2796
Total resources expended					13,648		18,457
Net income before gains			and losses		15,897		11,982
Realised recognised	gains and losses
Unrealised gains/(losses)		on fixed asset		investments	56,429		30,477
Realised gains/(losses)	on		fixed asset investments				82,	178
Net income					~72	326	124,637