OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-12-31-accounts

CONTENTS PAGE
Trustees Annual
Report
Independent
examiner's		 report to the trustees
Statement offinancial activities
Balance sheet
Cash flow statement
Notes tothe financial statements 8-16

Unrestricted Restricted Total Funds Total Funds
Funds Funds 2022 2021
Note E E E E
INCOME AND ENDOWMENTS FROIVI:
Donations
and legacies		 1 253,438 612,903 866,341 972,643
Charitable
activities		 3 11,592 11,592 13,537
Investments 4 46 46 2
TOTAL INCOME 265,076 612,903 877,979 986,182
EXPENDITURE ON:
Charitable
activities		 5 (329,684) (1,029,034) (1,358,718) (538,080)
TOTAL EXPENDITURE (64,608) (1,029,034) (1,358,718) (538,080)
Transfers between funds (261) 261
NET INCOME/(EXPENDITURE) 7 (64,869) (415,870) (480,739) 448,102
RECONCIUATION
OF FUNDS
Total funds brought forward 73,424 508,742 582,166 134,064
TOTAL FUNDS CARRIED FORWARD 8,555 92,872 101,427 582,166

2021
FIXEDASSETS
Tangible assets 96,219 122,746
CURRENT ASSETS
Debtors
Cash at bank and in hand		 59,194
34,821		 522,072
2,912
94,015 524,984
CREDITORS:Amounts falling due within one year 12 (88,807} (65,564)
NET CURRENT ASSETS 5,208 459,420
TOTAL ASSETSLESS CURRENT I.IABILITIES 101,427 582,166
NETASSEfS 101,427 582,166
FUNDS
Restricted Funds
Unrestricted
Funds		 9?„872
8,555		 508,742
73,424
TOTAL FUNDS 101,427 582,166

2022 2021
Note E E
Reconciliation ofnet (expenditure) to net cash flow from operating activities
Net income (as per the statement of financial
activities)		 (480,739) 448,102
Adjustments
for:
Depreciation
charges		 30,915 32,192
Interest received (46) (2)
(Increase)/decrease
in debtors		 462,878 (407,980)
Increase/(decrease)
in creditors)		 23,243 (94,011)
Net cash inflow/(outflow)
from operating		 activities 36,251 (21,699)
CASH FLOW STATEMENT
2022 2021
E E
Cash flows from operating activities:
Net cash provided
by (used in) operating		 activities 36,251 (21,699)
Cash flows from investing activities:
Interest received 46 2
Payments to acquire tangible fixed assets (4,388) (51,128)
Net cash provided
by (used in) investing		 activities
31,909 (72,825)
Change
in cash and cash equivalents		 In the reporting period 31,909 (72,825)
Cash and cash equivalents
at the beginning		 ofthe period 2,912 75,737
Cash and cash equivalents
at the end		 ofthe reporting period 34,821 2,912

Unrestricted Restricted Total Funds Total Funds
Funds Funds 2022 2021
f f. f E
Donations 19,505 612,903 632,408 969,614
Gift aid 710 710 3,029
Listed Place ofWorship Grant 233.223 233.223
253,438 612,903 866,341 972,643

3. INCOMING
FROM CHARITABLE ACTIVI		 TIES
Unrestricted Total Funds Total Funds
Funds 2022 2021
f f E
Tours 2,264 2,264 763
Mass Stipends 6,155 6,155 10,155
Other 3,097 3,097 2,513
Votive candles 76 76 106
11,592 11,592 13,537
4. INVESTMENT INCOME
Unrestricted Total Funds Total Funds
Funds 2022 2021
f E
Bank interest receivable 46 46 2

Activities Management
undertaken and Total Funds Total Funds
directly administration 2022 2021
E E E f
Charitable activities- insurance costs 550 550 589
Management and administration
costs 1,250,513 106,857 1,357,370 563,463
Costs ofgenerating funds 798 798 1,028
1,251,861 106,857 1,358,718 538,080

6. MANAGEMEN T
AND ADMINISTRATION		 COSTS
Activities Management
undertaken and TotalFunds Total Funds
directly
E		 administration
f		 2022
f		 2021
f
Purchases 67,821 67,821 12,645
Repairs and maintenance 1,182,692 1,182,692 443,154
Insurance
76 76
Travel expenses 7,792 7,792 6,719
Motor expenses 12,927 12,927 6,814
Monastic taxes and expenses 2,380
Charitable
donations		 16,558 16,558
Sundry expenses 18,481 18,481 30,017
Accountancy and other professional
fees 7,313 7,313 1,876
Studies for personnel 11,999 11,999 170
Bank charges
796 796 495
Depreciation 30,915 30,915 32,192
1,250,513 106,857 1,357,370 536,463
7. NET EXPENDITURE FORTHE YEAR
This is stated after charging:
2022 2021
f
Depreciation 30,915 32,192
Operating
lease costs:
-Other 550 589

Fixtures & fittings, etc
E
COST
At 1January
2022		 386,797
Additions 4,388
At 31December 2022 391,185
DEPRECIATION
At 1January 2022 264,051
Charge forthe year 30,915
At 31December 2022 294,966
NET BOOK VALUE
At 31December 2022 96,219
At 31December 2021 122,746
DEBTORS
2022 2021
E E
Other debtors 478,848
Empress Eugenic Memorial Trust 59,194 43,224
59,194 522,072
CREDITORS: Amounts falling due within one year
2022 2021
E
Trade creditors 2,834 289
Other creditors 83,711 63,013
Accruals 2,262 2,262
88,807 65,564

Analysis of movement
in		 unrestricted
funds
Transfers
Balance at Incoming between Balance at
1Jan 22
f		 resources
f		 Expenditure
E		 funds
f		 31Dec22
E
Designated funds 50,000 50,000
General funds 23,424 265,076 (329,684) (2611 (41,445)
73,424 265,076 (329,684) (261) 8,555
Analysis
of		 movement
in		 unrestricted
funds —		 previous ye ar
Transfers
Balance at Incoming between Balance at
1Jan 21
E		 resources
f		 Expenditure
E		 funds
f		 31Dec21
E
Designated funds 50,000 50,000
General funds (31,852) 68,240 (12,040) (928) 23,424
18,148 68,240 (12,040) (928) 73,424

Analysis ofmovement
in restricted		 Analysis ofmovement
in restricted		 funds
Transfers
Balance at Incoming between Balance at
1jan 22 resources
f		 Expenditure funds
f		 31Dec22
f
Restoration ofthe bell turret 5,235 (3,217) 2,018
Conservation
works on the
Farnbo rough Abbey church
interior and windows 421,861 105,000 (526,861)
Restoration of Farnborough
Abbey 1,384 121,035 (107,472) 14,947
Emergency fund for the Abbot
Visitor 10,000 (10,000)
Visitor's provincial
work		 4,263 (4,263)
High Mass vestments 7,000 (7,000)
Furnishings
forthe Grade One
historic church 39,000 120,000 (122,346) 36,654
Living expenses for a monk on
legitimate
leave from his
community 20,000 27,000 (37,000) 10,000
Repairs after water ingress 30,000 (15,000) 15,000
Restoration ofCavaille-Coll organ 15,740 (15,740)
Additional
ground
works as a
result ofwork done on the drive
and dangerous trees 5,019 (5,280) 261
Restoration ofsacred vessels and
eccliesiastcal metalworks 40,000 (40,000)
Restoration ofhistorical
paintings		 100'000 (100,000)
Medical treatment
forthe		 fathers 2,896 (2,896)
Travel, etc,for monks and
candidates
doing IELTStests, etc
and Visa meetings 10,573 (10,573)
Studies BrStanislaus 10,640 (10,640)
Renewal ofelectrics 25,000 (10,747) 14,253
508,743 612,903 (1,029,034) 261 92,872

Analysis ofmovement
in restric		 ted
funds —pr		 evious year
Transfers
Balance at Incoming between Balance at
1)an 21
f		 resources
f		 Expenditure funds
f		 31Dec21
f
Restoration ofthe Cavaille-Coll
organ 90,912 6,250 (98,090) 928
Printing of the Monastic Diurnal 25,000 (25,000)
Restoration ofthe bell turret 30,000 (24,765) 5,235
Conservation
works on the
Farnborough
Abbey church
interior and windows 616,626 (194,766) 421,861
Restoration ofFarnborough
Abbey 120,000 (118,616) 1,384
Emergency fund for the Abbot
Visitor 10,000 10,000
Visitor's provincial
work		 4,990 (727) 4,263
Additional grounds work 56976 (56,476)
High Mass vestments 7,000 7,000
Furnishings for the Grade One
historic church 39,000 39,000
Monk studying
for ordination
fees 7,600 (7,600)
Living expenses for a monk on
legitimate leave from his
community 20,000 20,000
115,912 917,942 (526,040) 928 508,743

Unrestricted Designated Restricted
funds funds funds Total
E f E f
Tangible fixed assets 22,727 50,000 23,492 96,219
Current assets 59,194 59,194
Cash at bank and in hand (34,559) 69,380 34,821
Current liabiTities (88,807) {88,807)
Total Funds (41,445) 50,000 92,872 101,427
Unrestricted Designated Restricted
funds funds funds Total
E E E
Tangible fixed assets 41,423 50,000 31.123 122,746
Current assets 44,652 477,420 522,072
Cash at bank and in hand 2,912 2,912
Current liabilities (65,564) {65,564)
Total Funds 23,424 50,000 508,743 582,167