2022-12-31-accounts

Members	Members	ofthe	Board of Education
The Bishop s nominees-
				Ven Dr M Gilbertson
				Mr D Hermitt
Members		elected by Diocesan Synod-
				Revd L Bannon
				Professor P Bowden
				Mrs M Cluxton
				Dr D Cumberland
				Dr C Gordon
				Mrs 5 C Hudson
Trustees				Ven Dr M Gilbertson		(Chair)
				Revd L Barman
				Professor P Bowden
				MI's M Cructoii
				Dr D Cumberland
				Mrs 5 Hud on
				Dr D Walter
				Dr C Gordon
				Mr P Gibbons (Co opted)			(Appomted		31January	2023)
				Rev DrJ Arnott			(Appomted		31January	2023)
				Mr D Hermitt			(Appomted		31January	2023)
				Rev J Bndgeman	(Covspted)		(Appomted		31January	2023)
				Mrs C Speed (Co-opted)			(Appomted		31January	2023)
				Rev C Corlay (Co-opted)			(Appomted		31January	2LI23)
Secretary				Mr C Penn
Charity	number			525790
Company		number		85176
Registered		offlce		Auditor			Bankers
Church	House			Mitchell Charlesworth		(Audit) Limited	National	Westminster		Bank pic
5500 Daresbury			Park	24 Nicholas Street			33Eastgate		Street
Daresbury				Chester			Chester
Warrington				CH1 2ALI			CH1 1LG
Cheshire
WA44CE

			page
Trustees' report			1-13
Independent	auditor's	report	24 17
Statement of	finanaal	activities	28-19
Balance sheet			20
Statement of	cash flows		21
Notes to the fina nmal		statements	22-33

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							2022		2021
						Notes
Ifxed assets
Tangible assets						12		2,935
Investment		properties						1,178,638		1,496,866
Investments						14		10,150,878		11,530,868
								11,332,451		13,027,734
Current assets
Debtors						15	279,853		339,253
Cash at bank		and	In	hand			2,408,218		1,653,710
							2,688,071		1 992,963
Creditors:	amounts			falgng due within one year
						16	(1,605,064)		i986,080)
Net current		assets						1,083,007		1,C06,883
Total assets		less current			liabilities			12,415,458		14,034,617
Income funds
Restricted	funds					18		9,627,275		10,768,186
Endowment		funds		designated				1,178,638		1,496,866
~nrestricted		funds						1,609,545		1,769,565
								12,415,458		14,034,617

				2022			2021
			Notes
Cash flows from operating	activities
Cash generated from/(absorbed byl		operations	22		197,682			(316,624)
Investing actmitles
Purchase oftangible fixed	assets			(3,4361
Repayment ofinvestment	loans and	receivables		141,966		19,734
Investment mcome received				418,296		389,644
Net cash generated from	Investing	actMtles			556,826			409,378
Net cash used In Rnanclng	activities
Net increase in cash and cash equivalents					754,508			92,754
Cash and cash equivalents	at begmmng ofyear				1,653,710			1,560,956
Cash and cash equivalents	at end ofyear				2,408,218			1,653,710

			Unrestricted	Restricted	Total	Unrestncted	Restricted	Tata I
			funds			funds	funds
			2022	2022	2022	2021	2021	2021
Donations	and gifts		33,498		33,498	48,215		48,215
VASCA mcome				1,921,554	1,921,554		1,773,583	1,773,583
			33,498	1,921,554	1,955,052	48,215	1,773,583	1,821,798
Donations	and gifts
Gift aided	distribution	from
DBE Services Ltd			33,498		33,498	48,215		48,215
			33,498		33,498	48,215		48,215

	2022	2021
Conference Income	38,252	34,699
Chester Diocesan family ofschools	43,708	45,845
Other income	75	1,720
	82,035	82,264

		Unrestrkted	Restricted	Total	Unrestncted	Restricted	Tota I
		funds	funds		funds	funds
		2022	2022	2022	2021	2021	2021
			6		E		E
Dividends	and mte rest	60,530	271,103	331,633	40,126	266,931	307,057
Rental income		86,663		86,663	82,587		82,587
		147,193	271,103	418,296	122,713	266,931	389,644

		Charitable Charitable	Charitable Charitable	Charitable Charitable
		activities act	M ties
		2022		2021
Depreciation and Impairment		501
Property costs		(5,791)		42,392
Salanes and recharges		331,479		312,254
Educational support	costs	69,150		30,395
Dtherexpenses		9,926		12,864
Grants (see note 7)		1,165		2,730
VASCA capital expenddure		1,853,395	1,720,742
		2,259,825	2,	121,377
Grant fundmg ofacnvities (see note 7)		25,000		75,000
Share ofsupport costs (see note 8)		79,620		81,165
Share ofgovernance	costs (see note gi	11,880		13,200
		2,376,325	2,290,742
Analysis by fund
Unrestncted funds		239,332		303,069
Restncted funds		2,136,993	1,987,673
		2,376,325	2,290,742

8	Siippoit costs	Siippoit costs
			Support costs	Governance	2022	Support costs	Governance	2021
				Costs			Costs
	Salanes and	recharges	36,831		36,831	34,695		34,695
	Legaland professionalfees		10,619		10,619	10,415		10,415
	Accountancy	fees	20,424		20,424	20,144		20,144
	Bank charges					468		468
	Othercosts		11,340			15,443		15,443
	Audit fees			11,880			13,200	13,200
			79,620	11,880	91,5CO	81,165	13,200	94,365
	Analy ed between
	Chantable activrties		79,620	11,880	91,5CO	81,165	13,200	94,365

2022	2021
Number	Number

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12	Tangible Rxed assets
						Cp	pure	s and	ofhce equip ne t
	Cost
	Additions								3,436
	At 31December 2022								3,436
	Depreciation and impairment
	Depreciation charged	in the	year						301
	At 31December 2022								501
	Carrying amount
	At 31December 2022								2,939
13	Investment property
									2022
	Fair value
	At 1ianuary 2022								1,496,866
	Net gams or losses through		fair value	adlustm	ants				(318,228)
	At 31December 2022								1,178,638

				CCLA InvestmentsDBE	Services Ltd	Total
	Cost «valuation
	At 1)anuary 2022			11,530,856	12	11,530,868
	Valuauon changes			(1,374,D02)		(1,374,C02)
	At 31December	2022		10,156,854	12	10,156,866
	Carrying amount
	At 31December	2022		10,156,854	12	10,156,866
	At 31December	2021		11,530,856	12	11,530,868
					2022	2021
	Investments at fair value		compnse.
	CBFInvestment	Fund			8,378,418	9,490,677
	CBF Global Equity Income		Fund		1,092,995	1,270,464
	CBFProperty Fund				634,036	718,311
	COIF Chanties Investment		Fund		45,417	51,404
					10,150,866	11,530,856
15	Debtors
					2022	2021
	Amounts falling	due vvfthin one year;
	Trade debtors				103,254	15,589
	Other debtors				137,735	252,981
	Prepayments and accrued		mcome		2,765	1,360
					243,754	269,930

15	Debtors									Icontinuedf
									2022	2021
	Amounts	falling		due after more than one		year:
	Trade debtors								36,099
	Other debtors									69,323
									36,099	69,323
	Total debtors								279,853	339,253
16	Creditors: amounts fading				due within one	year
									2022	2021
								Notes
	Deferred	income						17	44,733	32,254
	Trade creditors								18,542	44,622
	Other Dof and		school creditors						99,587	105,651
	Other creditors								1,373,962	698,102
	Accruals								68,240	105,451
									1,605,064	986,080
17	Deferred	income
									2022	2021
	Other deferred		mcome						44,733	32,254
	Deferred	income		is mcluded	in the financial	statements	as follows
									2022	2021
	Deferred	income		is mcluded	uathm:
	Current	liabilities							44,733	32,254

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22	Cash generated from operations	Cash generated from operations	Cash generated from operations	Cash generated from operations				2022	2021
	(Deficu)/surpus fo.	the year						(1,619,159)	1,938,352
	Adlustments for
	Investment income	recogmsed		in statement		offinanoal	activities	i418,296)	(389,644)
	Fair value gams and	losses on	investment		properties			318,228	(469,690)
	Fair value gams and	losses on	investments					1,379,990	(1,466,297)
	Depreciation and impairment		oftangible		fuied assets			501
	Movements ln working capital
	(Increase)/decrease	in debtors						(82,566)	110,696
	Increase/(decrease)	in creditors						606,505	(49,300)
	Increase m deferred	mcome						12,479	8,659
	Cash generated from/(absorbed			by) operations				197,682	(316,624)
23	Analysis of changes	ln net funds
	The cfanty had nc	debt dunng		the year.