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|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|





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|||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)|<br>7,6L4|
|Fund balanceat L April2022||200,107 56,755||256,862|241,884|
|Fund balanceat31March2023||183.053 55.632||238,685|256.862|





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||||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|






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## 

||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|





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|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|





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||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|





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||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|



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||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|