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|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|
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||||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|
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|||||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|
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|||||||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|
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||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|
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|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|
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||||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|
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|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|
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|||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|
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|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|
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|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|
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|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|
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|||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|