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2022-03-31-accounts
| RegisteredCharityNumber: |
517009 |
| Principaladdress: |
8 CollegeYard |
|
Worcester |
|
WR12LA |
| Patrons |
TheBishopof Worcester |
|
The BishopofDudley |
|
TheArchbishopofBirmingham |
| President: |
TheVenerableRobertJones |
|
(from4September2a27) |
| Trustees: |
MrsSusanThomas-Chairman ffrom4Sept.2A271 |
|
Revd Canon Brian Gant-Vice Chairman |
|
(Acting Chairman to4Sept. 2027) |
|
MrBrian Davey (Hon.Treasurer) |
|
MrsElizabethWright(Hon.Secretary) |
|
TheVeryRevd Dr PeterAtkinson-Deanof Worcester |
|
MrJohn Drage |
|
MrsElayne Guest |
|
MrsAnitaMansell |
|
Mr ToluPeters |
|
MrGregoryRowe |
|
MrMichaelSchmeising |
|
MsiulieSlack |
|
Non-voting member: |
|
MsAnetteLeech |
| lndependentExaminer: |
Sally BishopFCA |
|
BishopsAccountancyLtd |
|
Unit3 Elgar Business Centre |
|
Hallow, Worcester,WR26NJ |
| Bankers: |
Lloyds Bank plc |
|
4 TheCross |
|
WorcesterWR13PY |
|
CCLAlnvestmentManagementLtd |
|
SenatorHouse |
|
85 QueenVictoria Street |
|
LondonEC4V4ET |
| lnvestmentManager: |
EFGHarrisAllday |
|
Church Mews |
|
Ombersely,WRgOEW |
| Honorary Members |
3 |
| lndividualLifeMemberships |
66 |
| JointLifeMemberships |
40 |
| lndividual Memberships |
333 |
| Joint Memberships |
!13 |
| Total memberships |
W=72LPeople |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
Funds |
Funds |
2022 |
2027 |
|
|
f |
f |
f |
f |
|
Notes |
|
|
|
|
| lncomingresources |
|
|
|
|
|
| Voluntary incomingresou rces |
2 |
17,895 |
|
77,885 |
19,L18 |
| Activities generating funds |
3 |
3,396 |
|
3,386 |
1L0 |
| lnvestmentincome |
4 |
10,280 |
|
10,280 |
72,384 |
| Total incomingresources |
|
31,551 |
|
31,551 |
37,672 |
| Supportcosts |
5 |
4,697 |
|
4,687 |
6,663 |
| Amountavailableforgrants |
|
|
|
|
|
| and reserves |
|
26,864 |
|
26,864 |
24,949 |
| Grants |
6 |
19,500 |
|
19,500 |
69,500 |
| Netincoming/(expended) |
|
7,364 |
|
7,364 |
(/M,551) |
| resources |
|
|
|
|
|
| Gains/(losses)on investments |
|
7,6L4 |
|
7,6L4 |
45,957 |
| Fund balanceat1April2021. |
|
185,729 56,755 |
|
24L,gg4 |
240,479 |
| Fund balanceat 31March2O22 |
|
200,Lo7 56.755 |
|
256,862 |
247,884 |
|
|
|
2022 |
|
2A2t |
|
Notes |
|
€ |
|
E |
| FIXED ASSETS |
|
|
|
|
|
| lnvestments |
7 |
|
25L,251" |
|
265,072 |
| CURRENTASSETS |
|
|
|
|
|
| Debtors |
|
375 |
|
284 |
|
| Depositfunds |
|
16,947 |
|
37,358 |
|
| Bankcurrent account |
|
9,54t |
|
L2.720 |
|
|
|
26,963 |
|
49,762 |
|
| CREDITORS |
|
|
|
|
|
| Amounts fallingdue |
|
|
|
|
|
| withinoneyear |
8 |
{2L,352) |
|
02,89A1 |
|
| Netcurrentassets/ |
|
|
|
|
|
| (liabilities) |
|
|
5,611 |
|
(23,128) |
| NETASSETS |
|
|
256.862 |
|
247.884 |
| ACCUMULATEDFUNDS |
|
|
|
|
|
| Unrestricted funds |
9 |
|
200,L07 |
|
785,729 |
| Restrictedfunds |
9 |
|
56,755 |
|
56,755 |
|
|
|
256,862 |
|
247.884 |
|
Unrestricted |
Restricted |
Total |
Totol |
|
Funds |
Funds |
2422 |
2021 |
|
f |
€ |
E |
f |
| 2.Voluntary incomingresources |
|
|
|
|
| Subscriptions, donations &gifts |
14,291 |
|
t4,29L |
74,075 |
| Grants received |
|
|
|
7,705 |
| Legaciesreceived |
404 |
|
404 |
874 |
| HMRCGift Aid |
3,190 |
|
3,190 |
3,064 |
| Total: |
17,885 |
|
L7,885 |
79,778 |
| 3.Activities generating funds |
|
|
|
|
| Events& functions |
3,386 |
|
3,386 |
110 |
| Totah |
3,396 |
|
3,386 |
71.0 |
| 4. lnvestment income |
|
|
|
|
| Dividends received |
70,272 |
|
10,272 |
12,303 |
| lnterestreceived |
8 |
|
8 |
87 |
| Total: |
10,280 |
|
10,280 |
72,384 |
| 5.Supportcosts |
|
|
|
|
| Salaries |
|
|
|
2,532 |
| Pension costs |
|
|
|
727 |
| Printing-TheShield (netofadverts) |
702 |
|
702 |
1,062 |
| Printing & StationerV |
1,137 |
|
1,137 |
652 |
| Computer Equipment&Software |
|
|
|
(87) |
| lndependentExaminersfee |
t,L40 |
|
L,L4O |
7,740 |
| lnsurance |
449 |
|
449 |
453 |
| Postage |
848 |
|
848 |
463 |
| Sundrycosts |
4tt |
|
4tt |
321 |
| Total: |
4,697 |
|
4,687 |
5,663 |
| 6.Grantsapproved |
|
|
|
|
| Cathedral music |
17,500 |
|
17,500 |
75,000 |
| Chapter admin. |
2,000 |
|
2,000 |
2,000 |
| Cathedral Appealgrant |
|
|
|
50,000 |
| Choirgrant(medals&cassocks) |
|
|
|
2,500 |
| Total: |
19,500 |
|
19,500 |
69,5O0 |
| Type |
%of |
Market |
%of |
Morket |
|
portfolio |
valuef |
portfolio |
Valuef |
|
2022 |
2022 |
2021 |
2021 |
| Commercial Property |
3.87 |
9,715 |
|
|
| FixedlnterestFunds |
LL,Ll |
27,917 |
16.99 |
45,033 |
| lnfrastructureFunds |
8.54 |
21.,469 |
8.28 |
2L,966 |
| UKEquities |
31.30 |
78,632 |
35.97 |
95,157 |
| North American Equities |
2.08 |
5,225 |
1.80 |
4,762 |
| Asia-PacificEquities |
4.75 |
11,933 |
4.98 |
13,187 |
| GlobalEquities |
3L.22 |
78,45t |
29.25 |
77,575 |
| MixedlnvestmentFunds |
7.13 |
t7,909 |
2.79 |
7,392 |
| Total: |
|
25t,25L |
|
265,012 |
| Reconciliationof movementinfixedassetinvestments |
f |
|
| Carrying valueat1April2021 |
|
265,O17 |
| Additionsat cost |
|
3L,4L6 |
| Disposalsat carrying value |
|
(s2,902) |
| Net gain on revaluation |
|
7,725 |
| Carrying valueat31March2022 |
|
251-,25L |
|
2022 |
2021 |
|
f |
f |
| BalanceofChristinMajesty Sculpture Grant |
18,835 |
50,000 |
| BalanceofCathedral Appeal Grant |
|
20,000 |
| Balanceof Choir Grant |
1,377 |
1,750 |
| Othercreditors |
|
|
| Accruals |
1,L40 |
1,740 |
| Total: |
2L,352 |
72,890 |
|
Unrestricted |
Restricted |
Total |
|
Fundsf |
Funds € |
Fundsf |
| Balanceat1April2021 |
|
|
|
| Unrestricted |
785,L29 |
|
185,129 |
| Restricted-Edelegacy(forcathedralmusic) |
|
25,558 |
25,558 |
| Restricted-Reece legacy-(forcathedral music) |
|
3L,197 |
3L,t97 |
| Total: |
L85,L29 |
56,755 |
24L,gg4 |
| lncoming fesoufces(inc. unrealised gainson investments) |
39,165 |
|
39,165 |
| Expendedresources- Unrestricted |
(24,L87| |
(24,787) |
|
| -Restricted |
|
|
|
| Balanceat31March2022 |
|
|
|
| Unrestricted |
200,107 |
|
2AO,tO7 |
| Restricted-Ede Legacy |
|
25,558 |
25,558 |
| Restricted-ReeceLegacy |
|
31,197 |
3L,197 |
| Total: |
2@,L07 |
56,755 |
256,852 |
|
Unrestricted |
Restricted |
Total |
|
Funds€ |
Fundsf |
Fundsf |
| Balanceat1April2020 |
|
|
|
| Unrestricted |
LBL,223 |
|
181,223 |
Restricted-Edelegacy(forcathedralmusic)
Restriqted-Reece legacy*(forcathedral music) |
|
25,558
33,697 |
25,558
33,697 |
| Total: |
L8L,223 |
59,255 |
24O,478 |
| lncoming resources(inc. unrealised gains on |
77,569 |
|
77,569 |
| investments) |
|
|
|
| Expendedresources-Unrestricted |
(73,663) |
|
(73,663) |
| - Restricted |
|
(2,s00) |
(2,s00) |
| Balanceat31March2021 |
|
|
|
| Unrestricted |
185,129 |
|
L85,129 |
| Restricted-Ede Legacy |
|
25,558 |
25,559 |
| Restricted-BeeceLegacy |
|
31,L97 |
3t,197 |
| Total: |
185,129 |
56,755 |
24L,gg4 |
|
Unrestricted |
Restricted |
Total |
|
f |
f |
€ |
| lnvestments |
194,496 |
56,755 |
251,25t |
| CurrentAssets |
26,963 |
|
26,963 |
| Creditors:fallingduewithinoneyear |
(21,3s2) |
|
(21,3s2) |
| Totall |
20o,Lo7 |
55,755 |
256,862 |
|
Unrestricted |
Restricted |
Total |
|
Funds
f |
Funds
€ |
202L
f |
| lncomingresources |
|
|
|
Voluntary incomingresources
Activities generating funds |
19,118
110 |
|
19,118
110 |
| lnvestmentincome |
12,384 |
|
t2,394 |
| Total incomingresources |
3L,6L2 |
|
3L,6L2 |
| Supportcosts |
6,663 |
|
6,663 |
| Amountavailableforgrants |
|
|
|
| and reserves |
24,949 |
|
24,949 |
| Grants |
67,000 |
2,500 |
69,500 |
Netincoming/(expended)
fesources |
(42,O5L1 |
(2,500) |
(44,551) |
| Gains/(losses)on investments |
45,957 |
|
45,957 |
| Fund balanceatlApril2020 |
L81,223 |
59,255 |
240,479 |
| Fund balanceat31March2021 |
185.129 |
56.755 |
24L,884 |