| Trustees | Appointed by: |
|||
|---|---|---|---|---|
| Mr E C H Trevor-Barnston | Governors | |||
| Mr-D-Rowland | Chairma | Goverwo | ||
| Mrs EJohnson | Deputy Chairman | ~iyAC f.&&yI Ivory ~ |
||
| Mrs C Edwards | Governors | |||
| Mrs J Myers | Parish ofSt Peter with StJohn | |||
| The Parish ofChristchurch | ||||
| The Parish ofst Oswalf Ik St | ||||
| 6U~ CI 1+ cI L+ |
Mrs M Parker Mr G Gould Mrs C Ellis |
(Appointed 6June 2023) (Appointed 6June 2023) (Appointed 6June 2023) |
c.W ~ C' Ge QI1fs g~ ( |
| Charity number | 525969 |
|---|---|
| Auditor | Mitchell Charlesworth |
| 24 Nicholas Street | |
| Chester | |
| CH1 2AU | |
| Bankers | Lloyds TSBPic |
| 8Foregate Street | |
| Chester | |
| CH1 1XP | |
| Investment | Quilter Cheviot |
| managers | |
| 5St Paul's Square | |
| Liverpool | |
| L39SJ |
| Page | |||
|---|---|---|---|
| Trustees' report | 1-4 | ||
| Statement of | trustees' | responsibilities | |
| Independent | auditor's | report | 6-8 |
| Statement of | financial | activities | 9-10 |
| Balance sheet | |||
| Notes tothe financial | statements | 12-21 |
| Trustees | Appointed by: |
|||
|---|---|---|---|---|
| Mr E C H | Trevor-Barnston | Governors | ||
| Mr D Rowlands ~~Mrs EJohnson |
Chairman Deputy Chairman |
Governors Q. cs tj9i y gg C |
It Q | |
| Father D | Chesters | (Resigned 6June 2023) | Parish ofStPeter with | StJohn |
| The Parish ofChristchurch | ||||
| The parish ofSt Oswald | gt StThomas ofCanterbury | |||
| Mrs C Edwards | Governors | |||
| Councillor | Mrs G Watson | (Resigned 6June 2023) | CWAC | |
| Mrs J Myers | Parish ofStPeter with | StJohn | ||
| The Parish ofChristchurch | ||||
| The Parish ofStOswald | gt StThomas ofCanterbury | |||
| Councillor | Mr R Bisset | (Resigned 6June 2023) | CWAC |
| Current financial | Current financial | year | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | |||||
| funds | funds | funds | |||||||
| 2023 | 2023 | 2023 | 2023 | 2022 | |||||
| Notes | E | E | E | E | f | ||||
| Income from: | |||||||||
| Investments | 267,978 | 267,978 | 287,523 | ||||||
| ~En enditnte on: | |||||||||
| Raising funds | 232,024 | 232,024 | 76,029 | ||||||
| Charitable activities |
97,612 | 350 | 97,962 | 101,179 | |||||
| Total expenditure | 329,636 | 350 | 329,986 | 177,208 | |||||
| Net gains/(losses) | on investments | 9 | (115,154) | (115,154) | 99,174 | ||||
| Net (outgoing)/incoming | resources | before | |||||||
| transfers | (61,658) | (350) | (115,154) | (177,162) | 209,489 | ||||
| Net (outgoing)/incoming | resources | before | |||||||
| transfers | (61,658) | (350) | (115,154) | (177,162) | 209,489 | ||||
| Gross transfers | between | funds | (350) | 350 | |||||
| Net movement | in funds | (62,008) | (115,154) | (177,162) | 209,489 | ||||
| Fund balances | at | 1April | 2022 | 1,166,533 | 3,413 | 10,803,207 | 11,973,153 | 11,763,664 | |
| Fund balances | at | 31March 2023 | 1,104,525 | 3,413 | 10,688,053 | 11,795,991 | 11,973,153 |
| Prior financial | year | year | ||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | |||||
| funds | funds | funds | ||||||
| 2022 | 2022 | 2022 | 2022 | |||||
| Notes | E | f | E | |||||
| Income from: | ||||||||
| Investments | 287,523 | 287,523 | ||||||
| ~ex enditure on: |
||||||||
| Raising funds | 76,029 | 76,029 | ||||||
| Charitable activities |
100,829 | 350 | 101,179 | |||||
| Total expenditure | 176,858 | 350 | 177,208 | |||||
| Net gains/(losses) | on investments | 99,174 | 99,174 | |||||
| Net (outgoing)/incoming | resources before transfers | 110,665 | (350) | 99,174 | 209,489 | |||
| Gross transfers | between | funds | (350) | 350 | ||||
| Net movement | in funds | 110,315 | 99174 | 209489 | ||||
| Fund balances | at | 1April | 2021 | 1,056,218 | 3,413 | 10,704,033 | 11,763,664 | |
| Fund balances | at | 31March 2022 | 1,166,533 | 3,413 | 10,803,207 | 11,973,153 |
| 2023 | 2022 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| f | |||||||||
| Fixed assets | |||||||||
| Investment | property | 11 | 9,155,000 | 9,155,000 | |||||
| Investments | 12 | 2,202,613 | 2,326,271 | ||||||
| 11,357,613 | 11,481,271 | ||||||||
| Current assets | |||||||||
| Debtors | 13 | 28,901 | 43,736 | ||||||
| Investments | 14 | 21,633 | 29,060 | ||||||
| Cash at bank | and in | hand | 434,681 | 451,401 | |||||
| 485,215 | 524,197 | ||||||||
| Creditors: amounts | falling due within one | ||||||||
| year | 16 | (46,837) | (32,315) | ||||||
| Net current | assets | 438,378 | 491,882 | ||||||
| Total assets | less current liabilities | 11,795,991 | 11,973,153 | ||||||
| Capital funds | |||||||||
| Endowment | funds | —general | 17 | 10,688,053 | 10,803,207 | ||||
| Income funds | |||||||||
| Restricted funds | 18 | 3,413 | 3,413 | ||||||
| Unrestricted | funds | 1,104,525 | 1,166,533 | ||||||
| 11,795,991 | 11,973,153 |
| 2023 | 2022 | |
|---|---|---|
| Rental income | 204,327 | 213,720 |
| Income from listed investments | 57,263 | 72,834 |
| Shooting rights &Compensation | 350 | |
| Other Income | 6I388 | 619 |
| 267,978 | 287,523 |
| 2023 | 2022 | ||
|---|---|---|---|
| Pro ert ex enses: |
|||
| Repairs and renewals | 189,700 | 39,297 | |
| Rates | (466) | 3,500 | |
| Insurance | 15,590 | 14,439 | |
| Property expenses | 204,824 | 57,236 | |
| Other ro e ex |
enses | ||
| Professional fees | 11,254 | 11,269 | |
| Investment mana |
ement | 15,946 | 7,524 |
| 232,024 | 76,029 | ||
| Forthe year ended | 31March 2022 | ||
| Property Expenses |
57,236 | ||
| Other property expenses |
11,269 | ||
| Investment management |
7,524 | ||
| 76,029 |
| Grants to | Grants to | The King's | Share of | Total | Total | |||
|---|---|---|---|---|---|---|---|---|
| individuals | institutions | School, | Governance | 2023 | 2022 | |||
| Chester | costs | |||||||
| 2023 | 2023 | 2023 | 2023 | |||||
| f | f | f | f | |||||
| The King's School, | Chester | |||||||
| -Share ofincome | in | |||||||
| accordance with the | ||||||||
| charity's Scheme. | 10,000 | 10,000 | 18,021 | |||||
| Grant funding ofactivities | ||||||||
| (see note ) | 34,710 | 350 | 35,060 | 51,872 | ||||
| Share ofgovernance | costs | |||||||
| (see note 6) | 52,902 | 52,902 | 31,286 | |||||
| 34,710 | 350 | 10,000 | 52,902 | 97,962 | 101,179 | |||
| Analysis by fund |
||||||||
| Unrestricted funds |
34,710 | 10,000 | 52,902 | 97,612 | 100,829 | |||
| Restricted funds | 350 | 350 | 350 | |||||
| 34,710 | 350 | 10,000 | 52,902 | 97,962 | 101,179 |
| Grants to | Grants to | The King's | Share of | Total | ||
|---|---|---|---|---|---|---|
| individuals | institutions | School, | Governance | 2022 | ||
| Chester | costs | |||||
| f | f | |||||
| The King's School, Chester - Share of income | ||||||
| in accordance with | the charity's Scheme. | 18,021 | 18,021 | |||
| Grant funding ofactivities (see note ) | 51,522 | 350 | 51,872 | |||
| Share ofgovernance | costs (see note 6) | 31,286 | 31,286 | |||
| 51,522 | 350 | 18,021 | 31,286 | 101,179 | ||
| Analysis by fund |
||||||
| Unrestricted funds |
51,522 | 18,021 | 31,286 | 100829 | ||
| Restricted funds | 350 | 350 | ||||
| 51,522 | 350 | 18,021 | 31,286 | 101,179 |
| Support costs | Sup portcosts — Governance |
Sup portcosts — Governance |
202~en —iiasis-ofslleratisn | 202~en —iiasis-ofslleratisn | 202~en —iiasis-ofslleratisn |
|---|---|---|---|---|---|
| costs | |||||
| E | E | ||||
| Audit fees | 7,260 | 7,260 | 4,800 | Governance | |
| Bank Charges | 228 | 228 | 311 | Governance | |
| Clerk's Fees | 43,657 | 43,657 | 26,000 | Governance | |
| Miscellaneous | 1,757 | 1,757 | 175 | Governance | |
| 52,902 | 52,902 | 31,286 | |||
| Analysed between |
|||||
| Charitable activities |
52,902 | 52,902 | 31,286 |
| Endowment | Endowment | |||
|---|---|---|---|---|
| funds | funds | |||
| general | general | |||
| 2023 | 2022 | |||
| f | E | |||
| Revaluation | of | investments | (223,076) | 49,558 |
| Gain/(loss) | on | sale ofinvestments | 107,922 | 49,616 |
| (115,154) | 99,174 |
| 2023 | |
|---|---|
| f | |
| Fair value | |
| At 1April 2022 and 31March 2023 | 9,155,000 |
| Carrying value | |
| At 31March 2023 | 9,155,000 |
| At 31March 2022 | 9,155,000 |
| Listed investments | |
|---|---|
| Cost or valuation | |
| At 1April 2022 | 2,326,271 |
| Additions | 362,736 |
| Valuation changes |
(115,157) |
| Disposals | (371,237) |
| At 31March 2023 | 2,202,613 |
| Carrying amount | |
| At 31March 2023 | 2,202,613 |
| At 31March 2022 | 2,326,271 |
| Debtors | |||
|---|---|---|---|
| 2023 | 2022 | ||
| Amounts falling due within one year: |
f | f | |
| Trade debtors | 8,127 | 20,528 | |
| Other debtors | 9,138 | 14,366 | |
| Prepayments | and accrued income | 11,636 | 8,842 |
| 28,901 | 43,736 |
| 14 | Current asset investments | Current asset investments | Current asset investments | |||
|---|---|---|---|---|---|---|
| f | f | |||||
| Unlisted investments |
21,633 | 29,060 | ||||
| 15 | Loans and overdrafts | |||||
| 2023 | 2022 | |||||
| f | f | |||||
| Bank overdrafts | 1,423 | |||||
| Payable within one year | 1,423 | |||||
| 16 | Creditors: amounts | falling due within one year | ||||
| 2023 | 2022 | |||||
| Notes | f | |||||
| Bank overdrafts | 15 | 1,423 | ||||
| Trade creditors | 12,516 | 2,531 | ||||
| Other creditors | 28,021 | 21,521 | ||||
| Accruals and deferred | income | 6,300 | 6,840 | |||
| 46,837 | 32,315 |
| 17 | Endowment funds |
||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance at | Revaluations | Balance at | |||||||||||||||||||||
| 1April 2022 | gains and losses | a1March 202a | |||||||||||||||||||||
| f | f | f | |||||||||||||||||||||
| Permanent endowments |
|||||||||||||||||||||||
| General fund | 10,800,239 | (115,154) | 10,685,085 | ||||||||||||||||||||
| The Charity for the Vicar | and | Ecclesiastical | Purposes | 723 | 723 | ||||||||||||||||||
| The Charity for Apprentices | 2,245 | 2,245 | |||||||||||||||||||||
| 10,803,207 | (115,154) | 10,688,053 | |||||||||||||||||||||
| The Charity for the Vicar and Ecclesiastical | Purpose | was established | under a Scheme dated | 11June | 1841,as amended. | ||||||||||||||||||
| The purpose ofthe Scheme | is to pay a yearly | sum | to | the Vicar of | the United | Ecclesiastical | Parish ofSt Michael and St | ||||||||||||||||
| Olave, Chester. (now the | Parish ofSt Peter | with St John. the Parish | of Christchurch | and the | Parish ofSt | Oswald and St | |||||||||||||||||
| Thomas of Canterbury). | The | residue of income | is to be applied | for | religious and charitable | purposes | in | connection with |
|||||||||||||||
| the Church of England in |
the | area ofthe former | Team | Parish. | |||||||||||||||||||
| The Charity for Apprentices | was established | under | a | Scheme | dated 30 April 1962 | for the | purpose of assisting | persons | |||||||||||||||
| under 25 years of age who are in need of | financial | assistance | and | who are preparing for or |
engaged | in | any | profession, | |||||||||||||||
| trade, occupation or service. |
|||||||||||||||||||||||
| 18 | Restricted funds. | ||||||||||||||||||||||
| Movement | in funds | Movement | in | ||||||||||||||||||||
| funds | |||||||||||||||||||||||
| Balance | at | Income | Expenses | Transfers | Balance at | Income | Balance at | ||||||||||||||||
| 1April 2021 | 1April 2022 | ai March 202a | |||||||||||||||||||||
| f | f | E | f | ||||||||||||||||||||
| The Parish of | |||||||||||||||||||||||
| StOswaid ik St |
|||||||||||||||||||||||
| Thomas of | |||||||||||||||||||||||
| Canterbury | 1,055 | 350 | (350) | 1,055 | 1,055 | ||||||||||||||||||
| The Charity for | |||||||||||||||||||||||
| Apprentices | 2,358 | 2,358 | 2,358 | ||||||||||||||||||||
| 3,413 | 350 | (350) | 3,413 | 3,413 | |||||||||||||||||||
| The Balance on the fund | for | the Charity for | the | three | incumbents and ecclesiastical |
purposes | represents | the | balance of | ||||||||||||||
| income held for working purposes. |
The | annual | transfer | of | f350 from the | General Fund |
in accordance | with the |
|||||||||||||||
| provisions ofthe Scheme | for | The EducationalFoundation | of | Dr | Robert Oldfield. |
| Analysis of | net assets between funds | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | todowweot | Total | Total | |||
| 2023 | 2023 | 2023 | . | 2023 | 2022 | ||
| f | f | f | f | f | |||
| Fund balances at 31March 2023are | |||||||
| represented | by: | ||||||
| Investment | properties | 9,155,000 | 9,155,000 | 9,155,000 | |||
| Investments | 2,202,613 | 2,202,613 | 2,326,271 | ||||
| Current assets/{liabilities) | 1,104,525 | 3,413 | (669,560) | 438,378 | 491,882 | ||
| 1,104,525 | 3,413 | 10,688,053 | 11,795,991 | 11,973,153 |