This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.
2021-03-31-accounts
| RegisteredCharity Number |
5L7009 |
| Principal address: |
8 College Yard |
|
Worcester |
|
WR12LA |
| Patrons: |
The Bishopof Worcester |
|
The BishopofDudley |
|
TheArchbishopofBirmingham |
| President: |
TheVeryRevdDr PeterAtkinson |
|
(octingfrom17 October 2020) |
| Trustees: |
RevdCanon Brian Gant (Acting Chairman) |
|
MrBrianDavey(Hon. Treasurer) |
|
MrsElizabethWright(Hon. Secretary) |
|
TheVeryRevdDr PeterAtkinson-Deanof Worcester |
|
MrJohnDrage |
|
Mrs AnitaMansell |
|
MrDavid Newman |
|
Mr ToluPeters |
|
MrGregory Rowe |
|
MrMichaelSchmeising |
|
MsJulieSlack |
|
Non-votingmembers |
|
MrsElayneGuest |
|
MsAnetteLeech |
| lndependentExaminer: |
Sally BishopFCA |
|
Bishops AccountancyLimited |
|
Unit3Elgar BusinessCentre |
|
Hallow,Worcester,WR26NJ |
| Bankers: |
LloydsBankplc |
|
4TheCross |
|
WorcesterWR13PY |
|
CCLAlnvestment ManagementLtd |
|
SenatorHouse |
|
85QueenVictoria Street |
|
LondonEC4V4ET |
| lnvestmentManager: |
EFGHarrisAllday |
|
Church Mews |
|
Ombersly, WRgOEW |
| Honorary Members |
4 |
|
| lndividualLifememberships |
65 |
|
| JointLifememberships |
44 |
|
| lndividualMemberships |
313 |
|
| Joint Membership |
122 |
|
| Total memberships |
548 |
=714 people. |
|
|
Unrestricted |
Restricted |
Restricted |
Total |
Tatal |
|
|
Funds |
|
Funds |
202L |
2020 |
|
|
f |
|
€ |
f |
f |
|
Notes |
|
|
|
|
|
| lncomingresources |
|
|
|
|
|
|
| Voluntary incomingresources |
2 |
L9,L78 |
|
|
19,118 |
35,756 |
| Activitiesforgenerating funds |
3 |
110 |
|
|
110 |
5,758 |
| lnvestmentincome |
4 |
12,384 |
|
|
L2,384 |
72,265 |
| Total incomingresources |
|
3L,6L2 |
|
|
3L,6L2 |
53,780 |
| Supportcosts |
5 |
6,663 |
|
|
6,653 |
77,277 |
| Amountavailableforgrants |
|
|
|
|
|
|
| and reserves |
|
24,949 |
|
|
24,949 |
41,909 |
| Grants |
6 |
67,000 |
|
2,500 |
69,500 |
L7,850 |
| Netincoming/(expended) |
|
(42,0s1)(2,s00) |
|
|
(44,551) |
24,059 |
| resources |
|
|
|
|
|
|
| Gains/(losses)on investments |
|
45,957 |
|
|
45,957(42,675) |
|
| Fund balanceatlApril2020 |
|
18L,22359,255 |
|
|
24A,478 |
259,094 |
| Fund balanceat 31 March2021 |
|
185,12955.755 |
|
|
24L.884 |
240,478 |
|
|
|
202L |
|
2A20 |
|
Notes |
|
f |
|
f |
| FIXED ASSETS |
|
|
|
|
|
| lnvestments |
7 |
|
265,012 |
|
279,474 |
| CURRENTASSETS |
|
|
|
|
|
| Debtors |
|
284 |
|
638 |
|
| Depositfunds |
|
37,358 |
|
67,O17 |
|
| Bankcurrent account |
|
L2.720 |
|
8,488 |
|
|
|
49,762 |
|
76,L43 |
|
| CREDITORS |
|
|
|
|
|
| Amounts fallingdue |
|
|
|
|
|
| withinone year |
8 |
(72,890) |
|
(55,139) |
|
| Netcurrentassets/ |
|
|
|
|
|
| (liabilities) |
|
|
(23,128l, |
|
21,004 |
| NETASSETS |
|
|
24L,884 |
|
24A.478 |
| ACCUMULATEDFUNDS |
|
|
|
|
|
| Unrestricted funds |
9 |
|
185,729 |
|
781,223 |
| Restrictedfunds |
9 |
|
56,755 |
|
59,255 |
|
|
|
24L,884 |
|
240.478 |
|
Unrestricted |
Restricted |
Total |
Totol |
|
Funds |
Funds |
202L |
2020 |
|
f |
f |
f |
f |
| 2.Voluntary incomingresources |
|
|
|
|
| Subscriptions, donations & gifts |
14,o75 |
|
L4,075 |
19,964 |
| Grants received(seenote14) |
1,105 |
|
1,105 |
70,000 |
| Legaciesreceived |
874 |
|
874 |
2,455 |
| HMRCGift Aid |
3,064 |
|
3,064 |
3,337 |
| Total: |
L9,LL8 |
|
t9,LL8 |
35,756 |
| 3.Activities for generating funds |
|
|
|
|
| Saleofmerchandise |
|
|
|
43 |
| Events&functions |
110 |
|
110 |
5,775 |
| Total |
110 |
|
110 |
5,758 |
| 4. lnvestment income |
|
|
|
|
| Dividends received |
12,303 |
|
12,303 |
1.7,953 |
| lnterestreceived |
81 |
|
81 |
313 |
| Total: |
L2,384 |
|
L2,384 |
72,266 |
| 5.Supportcosts |
|
|
|
|
| Salaries (seenote13) |
2,532 |
|
2,532 |
4,963 |
| Pension costs |
127 |
|
727 |
245 |
| Printing-TheShield(netof |
7,062 |
|
1,062 |
959 |
| adverts) |
|
|
|
|
| Printing & Stationery |
652 |
|
6s2 |
7,697 |
| Computer Equipment & Software |
(87) |
|
(87) |
2,040 |
| lndependentExaminersfee |
1,740 |
|
t,140 |
825 |
| Insurance |
453 |
|
453 |
453 |
| Postage |
463 |
|
463 |
135 |
| Sundry costs |
321 |
|
321" |
|
| Total: |
5,553 |
|
5,563 |
77,277 |
| 5. Grantsapproved |
|
|
|
|
| Cathedral music |
15,000 |
|
15,000 |
1_5,000 |
| Chapter admin |
2,000 |
|
2,000 |
2,000 |
| Cathedral Appealgrant |
50,000 |
|
50,000 |
|
| Choirgrant(medals&cassocks) |
|
2,500 |
2,500 |
|
| Clergystoles |
|
|
|
698 |
| Library banners |
|
|
|
152 |
| Totall |
57,0(x) |
2,5OO |
69,5(X) |
77,850 |
| Type |
o/oof |
Market |
%of |
Morket |
|
portfolio |
valuef |
portfolio |
valuef |
|
202L |
2027 |
2020 |
2020 |
| PreferenceShares |
|
|
6.0 |
13,155 |
| FixedlnterestFunds |
16.99 |
45,033 |
15.1 |
33,233 |
| lnfrastructureFunds |
8.28 |
21,966 |
10.5 |
23,063 |
| UKEquities |
35.91 |
95,157 |
40.8 |
89,277 |
| North American Equities |
1.80 |
4,762 |
1.6 |
3,525 |
| Asia-PacificEquities |
4.98 |
13,187 |
5.1 |
11,286 |
| GlobalEquities |
29.25 |
77,515 |
20.9 |
45,935 |
| Mixed lnvestmentFunds |
2.79 |
7,392 |
|
|
| Total: |
|
265,OLz |
|
279,474 |
| he original book cost oftheinvestments now valued at f 265,012 wasf239,475. |
|
| Reconciliationofmovementinfixedassetinvestments |
f |
| CarryingvalueatlApril2020 |
219,474 |
| Additions atcost |
29,443 |
| Disposalsat carrying value |
(27,480) |
| Netgain on revaluation |
43,575 |
| Carrying valueasat31March2021 |
265,0t2 |
|
2027 |
2020 |
|
f |
f |
| GrantforChrist in Majesty Sculpture |
s0,000 |
50,000 |
| Balanceof Cathedral Appeal Grant |
20,000 |
|
| Balanceof Choir Grant |
7,750 |
|
| Othercreditors |
|
4,374 |
| Accruals |
7,L40 |
825 |
| Total: |
72,890 |
55,139 |
|
Unrestricted |
Restricted |
Total |
|
Fundsf |
Fundsf |
Fundsf |
| Balanceat1April2020 |
|
|
|
| Unrestricted |
L87,223 |
|
L81,223 |
| Restricted-Edelegacy(for cathedralmusic) |
|
25,558 |
25,5s8 |
| Restricted-Reecelegary-(forcathedral |
|
33,697 |
33,697 |
| music) |
|
|
|
| Total: |
181,223 |
59,255 |
240,478 |
| lncoming resources(inc. unrealised gainson |
77,569 |
|
77,569 |
| investments) |
|
|
|
| Expendedresources - Unrestricted |
(73,663) |
|
(73,663) |
| - Restricted(Reece legacy) |
|
(2,soo) |
(2,s00) |
| Balance at 31 March 2021 |
|
|
|
| Unrestricted |
185,129 |
|
L85,729 |
| Restricted-EdeLegacy |
|
25,558 |
25,558 |
| Restricted-Reece Legacy |
|
31,t97 |
31,197 |
| Total: |
L85,L29 |
56,755 |
24L,884 |
|
Unrestricted |
Restricted |
Total |
|
Fundsf |
Fundsf |
Fundsf |
| Balanceat1April2019 |
|
|
|
| Unrestricted |
L92,839 |
|
192,839 |
| Restricted-Edelegacy |
|
25,558 |
25,558 |
| Restricted-Reece legacy |
|
33,697 |
33,697 |
| Restricted-LloydsTSBgrant |
|
2,000 |
2,000 |
| Restricted-Lighting scheme |
|
5,000 |
5,000 |
| Total; |
L92,839 |
66,255 |
259,O94 |
| lncomingresources |
60,180 |
|
60,180 |
| Expendedresources(inc. unrealised losseson |
|
|
|
| investments) |
|
|
|
| - Unrestricted |
(71,796| |
(71,7e6) |
|
| - Restricted |
|
(7,000) |
(7,000) |
| Balanceat31 March 2020 |
|
|
|
| Unrestricted |
181,223 |
|
181,223 |
| Restricted-EdeLegacy |
|
25,558 |
25,558 |
| Restricted-Reece Legacy |
|
33,597 |
33,597 |
| Total: |
LBL,223 |
59,255 |
240,478 |
|
Unrestricted |
Restricted |
Total |
|
f |
f |
f |
| lnvestments |
206,507 |
58,505 |
26s,O12 |
| CurrentAssets |
49,762 |
|
49,762 |
| Creditors:fallingduewithinone year |
(7L,L40) |
(1,750) |
(72,8901 |
| Total: |
185,129 |
55,755 |
24L,884 |
|
Unrestricted |
Restricted |
Total |
|
Funds |
Funds |
2020 |
|
f |
C |
f |
| lncomingresources |
|
|
|
| Voluntaryincomingresources |
35,756 |
|
35,756 |
| Activitiesforgenerating funds |
5,158 |
|
5,158 |
| lnvestmentincome |
L2,266 |
|
72,266 |
| Total incomingresources |
53,180 |
|
53,180 |
| Supportcosts |
L7,27t |
|
11,271 |
| Amountavailableforgrants |
|
|
|
| andreserves |
41,909 |
|
41,909 |
| Grants |
17,850 |
|
17,850 |
| Netincomingresourcesbefore |
24,059 |
|
24,059 |
| transfers |
|
|
|
| Transfers betweenfunds |
7,000 |
(7,000) |
|
| Netincoming/(outgoing) |
31,059 |
(7,000) |
24,O59 |
| resources |
|
|
|
| Losseson investments |
{(42,675) |
|
(42,675) |
| FundbalanceatlApril2019 |
192,839 |
66,255 |
259,094 |
| Fund balance at 31March2020 |
L81,223 |
59,255 |
240,478 |