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|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|





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## 

|Honorary Members|3|
|---|---|
|lndividualLifeMemberships|66|
|JointLifeMemberships|40|
|lndividual Memberships|333|
|Joint Memberships|!13|
|Total memberships|W=72LPeople|



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|||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|<br>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|





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||||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|





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## 

||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|





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|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|



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||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|





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## 

||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)<br>Restriqted-Reece legacy*(forcathedral music)||25,558<br>33,697|25,558<br>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|





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||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|



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||Unrestricted|Restricted|Total|
|---|---|---|---|
||Funds<br>f|Funds<br>€|202L<br>f|
|lncomingresources||||
|Voluntary incomingresources<br>Activities generating funds|19,118<br>110||19,118<br>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)<br>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|