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2023-03-31-accounts
| RegisteredCharityN umber: |
517009 |
| Principaladdress: |
8CollegeYard |
|
Worcester |
|
WR12LA |
| Patrons: |
The Bishopof Worcester |
|
The BishopofDudley |
|
TheArchbishopofBirmingham |
| President |
TheVenerableRobertJones |
| Trustees: |
MrsSusanThomas (Chairman) |
|
Revd Canon BrianGant(ViceChairman) (toL October2022) |
|
MrsElayne Guest (ViceChairman)lfromLOctober 2022) |
|
MrBrianDavey (Hon.Treasurer) |
|
MrsElizabethWright(Hon. Secretary) |
|
TheVeryRevd Dr PeterAtkinson-Deanof Worcester |
|
MrJohnDrage |
|
Mrs Anita Mansell |
|
Mr ToluPeters |
|
MrGregoryRowe |
|
Ms JulieSlack/to1 October2022) |
|
MrMichaelSchmeising |
|
MrsSallyTrepte (from1 October2022) |
|
Non-voting(co-opted)member: |
|
MsAnetteLeech(folOctober2022) |
| lndependentExaminer: |
Sally BishopFCA |
|
BishopsAccountancyLtd |
|
Unit3 Elgar Business Centre |
|
Hallow, Worcester,WR25NJ |
| Bankers |
Lloyds Bank plc |
|
4 TheCross |
|
WorcesterWR13PY |
|
CCLAlnvestmentManagementLtd |
|
OneAngelLane |
|
LondonEC4R3AB |
| lnvestmentManager: |
EFGHarrisAllday |
|
Church Mews |
|
Ombersely,WR9 0EW |
|
|
Unrestricted |
Restricted |
Total |
Totol |
|
|
Funds |
Funds |
2023 |
2022 |
|
|
E |
€ |
f |
E |
|
Notes |
|
|
|
|
| lncomingresources |
|
|
|
|
|
| Volunta ryincomingresources |
2 |
17,104 |
|
17,104 |
17,885 |
| Activities generating funds |
3 |
4,413 |
|
4,4!3 |
3,386 |
| lnvestmentincome |
4 |
70,244 |
|
70,244 |
70,280 |
| Total incomingresources |
|
3L,76L |
|
3L,76L |
37,557 |
| Supportcosts |
5 |
6,735 |
|
6,735 |
4,687 |
| Amountavailableforgrants |
|
25,026 |
|
25,026 |
26,864 |
| and reserves |
|
|
|
|
|
| Grants |
6 |
24,213 1,L23 |
|
25,336 |
19,500 |
| Netincoming/(expended) |
|
813 |
lL,L23l |
(310) |
7,364 |
| resources |
|
|
|
|
|
| Gains/(losses)on investments |
|
(L7,8671 |
|
(L7,867) |
7,6L4 |
| Fund balanceat L April2022 |
|
200,107 56,755 |
|
256,862 |
241,884 |
| Fund balanceat31March2023 |
|
183.053 55.632 |
|
238,685 |
256.862 |
|
|
|
2023 |
|
2022 |
|
Notes |
|
f |
|
E |
| FIXEDASSETS |
|
|
|
|
|
| lnvestments |
7 |
|
232,173 |
|
257,251 |
| CURRENTASSETS |
|
|
|
|
|
| Debtors |
|
702 |
|
375 |
|
| Depositfunds |
|
t7,39L |
|
76,947 |
|
| Bankcurrentaccount |
|
7,39L |
|
9,647 |
|
|
|
25,484 |
|
26,963 |
|
| CREDITORS |
|
|
|
|
|
| Amounts fallingdue |
|
|
|
|
|
| withinone year |
8 |
(L8,972) |
|
(21,352) |
|
| Netcurrentassets/ |
|
|
|
|
|
| (liabilities) |
|
|
6,5L2 |
|
5,6L7 |
| NETASSETS |
|
|
238,685 |
|
256,862 |
| ACCUMULATEDFUNDS |
|
|
|
|
|
| Unrestricted funds |
9 |
|
183,053 |
|
204,L07 |
| Restrictedfunds |
9 |
|
55,632 |
|
56,755 |
|
|
|
238,685 |
|
256,862 |
|
Unrestricted |
Restricted |
Total |
Total |
|
Funds |
Funds |
2023 |
2022 |
|
€ |
E |
f |
t |
| 2.Voluntary incomingresources |
|
|
|
|
| Subscriptions, donations &gifts |
L2,520 |
|
72,520 |
14,291 |
| Legaciesreceived |
L,431 |
|
L,431 |
404 |
| HMRCGift Aid |
2,893 |
|
2,893 |
3,790 |
| Sundry lncome |
260 |
|
260 |
|
| Total: |
L7,tU |
|
L7,LO4 |
77,885 |
| 3.Activities generating funds |
|
|
|
|
| Events& functions |
4,413 |
|
4,413 |
j,386 |
| Total: |
4,4t3 |
|
4,4L3 |
i,386 |
| 4.lnvestmentincome |
|
|
|
|
| Dividends received |
9,788 |
|
9,788 |
10,272 |
| lnterestreceived |
456 |
|
456 |
I |
| Total: |
LO,244 |
|
LO,244 |
70,280 |
| 5.Supportcosts |
|
|
|
|
| Printing-TheShield (netofadverts) |
966 |
|
966 |
702 |
| Printing & Stationery |
L,210 |
|
L,270 |
7,737 |
| Websitecosts |
190 |
|
190 |
|
| lndependentExaminersfee |
900 |
|
900 |
1,140 |
| Insurance |
462 |
|
462 |
449 |
| Postage |
1,595 |
|
1,595 |
848 |
| Sundrycosts |
190 |
|
190 |
471 |
| InvestmentManagementCosts |
L,222 |
|
1,222 |
|
| Total: |
6,735 |
|
6,735 |
4,697 |
| 6.Grantsapproved |
|
|
|
|
| Cathedralmusic |
L7,500 |
|
77,500 |
17,500 |
| Chapter admin |
2,000 |
|
2,000 |
2,000 |
| Additionalchairsgrant |
4,L50 |
|
4,L50 |
|
| LibraryCameragrant |
563 |
|
563 |
|
| Choirgrant (additional) |
|
t,t?3 |
1.,L23 |
|
| Total: |
24,2L3 |
L,L23 |
25,336 |
79,500 |
| Type |
%of |
Market |
%of |
Morket |
|
portfolio |
valuef |
portfolio |
Voluef |
|
2023 |
2023 |
2022 |
2022 |
| Commercial Property |
2.40 |
5,566 |
3.87 |
9,775 |
| FixedlnterestFunds |
L0.24 |
23,785 |
77.17 |
27,917 |
| lnfrastructureFunds |
10.5r. |
24,412 |
8.54 |
27,469 |
| UKEquities |
30.34 |
70,446 |
37.30 |
78,632 |
| North American Equities |
1.98 |
4,600 |
2.08 |
5,225 |
| Asia-PacificEquities |
4.54 |
10,527 |
4.75 |
11,933 |
| Global Equities |
32.86 |
76,282 |
37.22 |
78,451 |
| MixedlnvestmentFunds |
7.13 |
16,555 |
7.1i |
17,909 |
| Total: |
|
232,L73 |
|
251,251" |
| Reconciliation of movementinfixedassetinvestments |
f |
|
| Carrying valueattApril2022 |
|
257,25t |
| Additionsat cost |
|
3,0r-3 |
| Disposqlsat carrying value |
|
(s,436) |
| Netlosson revaluation |
|
(16,6ss) |
| Carrying valueat31March2023 |
|
232,L73 |
|
2023 |
2022 |
|
€ |
f |
| Balanceof Christ in Majesty Sculpture Grant |
12,745 |
18,835 |
| Balanceof Choir Grant |
|
1,377 |
| AdditionalChairsgrant |
4,150 |
|
| Othercreditors |
L,L77 |
|
| Accruals |
900 |
1,,1,40 |
| Total: |
L8,972 |
21,,352 |
|
Unrestricted |
Restricted |
Total |
|
Fundsf |
Fundsf |
Fundsf |
| BalanceatIApril2O22 |
|
|
|
| Unrestricted |
200,t07 |
|
200,107 |
| Restricted-Edelegacy(forcathedralmusic) |
|
25,558 |
25,558 |
| Restricted-Reece legacy-(forcathedralmusic) |
|
31,797 |
31,!97 |
| Total: |
2OO,LO7 |
55,755 |
256,862 |
| lncomingresources |
13,894 |
|
13,894 |
| (Afterlosseson investments) |
|
|
|
| Expendedresources-Unrestricted |
(30,948) |
|
(30,948) |
| -Restricted |
|
(1,t23|(1,723| |
|
| Balanceat31 March 2023 |
|
|
|
| Unrestricted |
183,053 |
|
183,053 |
| Restricted-Ede Legacy |
|
25,558 |
25,558 |
| Restricted-Reece Legacy |
|
30,074 |
30,074 |
| Total |
183,053 |
55,632 |
238,685 |
|
Unrestricted |
Restricted |
Total |
|
Fundsf |
Fundsf |
Funds€ |
| Balanceat1April2021 |
|
|
|
| Unrestricted |
185,129 |
|
L85,129 |
| Restricted-Edelegacy(for cathedralmusic) |
|
25,558 |
25,558 |
| Restricted-Reece legacy-(forcathedralmusic) |
|
37,797 |
31,197 |
| Total: |
L85,L29 |
56,755 |
24L,884 |
| lncoming resources(inc. gainson investments) |
39,16s |
|
39,16s |
| Expended resources - Unrestricted |
(24,187) |
|
(24,187], |
| -Restricted |
|
|
|
| Balanceat31March2022 |
|
|
|
| Unrestricted |
200,707 |
|
200,707 |
| Restricted-Ede Legacy |
|
25,558 |
25,558 |
| Restricted-ReeceLegacy |
|
31,197 |
3L,197 |
| Total: |
20o,L07 |
55,755 |
256,952 |
|
Unrestricted |
Restricted |
Total |
|
f |
f |
f |
| lnvestments |
t76,547 |
55,632 |
232,173 |
| CurrentAssets |
25,484 |
|
25,484 |
| Creditors:fallingduewithinone year |
(!8,972l, |
|
{.78,972) |
| Total: |
183,053 |
55,532 |
238,585 |
|
Unrestricted |
Restricted |
Total |
|
Funds |
Funds |
2022 |
|
f |
f |
f |
| lncomingresources |
|
|
|
| Voluntary incomingresources |
L7,885 |
|
17,885 |
| Activities generating funds |
3,386 |
|
3,386 |
| lnvestmentincome |
10,280 |
|
10,280 |
| Totalincomingresources |
31,551 |
|
31,551 |
| Supportcosts |
4,687 |
|
4,687 |
| Amountavailableforgrants |
|
|
|
| and reserves |
26,864 |
|
26,864 |
| Grants |
19,500 |
|
19,500 |
| Netincoming/(expended) |
7,364 |
|
7,364 |
| resources |
|
|
|
| Gains/(losses)on investments |
7,6L4 |
|
7,6L4 |
| Fund balanceatlApril2021 |
L85,129 |
56,755 |
241,884 |
| Fund balanceat31March2O22 |
200,to7 |
56.755 |
256.862 |