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|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|





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|Honorary Members|4||
|---|---|---|
|lndividualLifememberships|65||
|JointLifememberships|44||
|lndividualMemberships|313||
|Joint Membership|122||
|Total memberships|548|=714 people.|



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|||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|





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||||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|







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||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|





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|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|



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||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|





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||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|



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||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|





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||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|



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||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|