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||Trustees|||Appointed<br>by:|
|---|---|---|---|---|
||Mr E C H Trevor-Barnston|||Governors|
||Mr-D-Rowland||Chairma|Goverwo|
||Mrs EJohnson||Deputy Chairman|~iyAC<br>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~<br>CI 1+<br>cI L+|Mrs M Parker<br>Mr G Gould<br>Mrs C Ellis|(Appointed 6June 2023)<br>(Appointed 6June 2023)<br>(Appointed 6June 2023)||c.W ~ C'<br>Ge<br>QI1fs g~<br>(|



|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|





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||||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|





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|Trustees|||Appointed<br>by:||
|---|---|---|---|---|
|Mr E C H|Trevor-Barnston||Governors||
|Mr D Rowlands<br>~~Mrs EJohnson||Chairman<br>Deputy Chairman|Governors<br>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||



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|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<br>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|





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|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<br>on:|||||||||
|Raising funds|||||76,029|||76,029|
|Charitable<br>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|





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|||||||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|





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||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|





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|||2023|2022|
|---|---|---|---|
|Pro ert<br>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<br>ro e<br>ex|enses|||
|Professional fees||11,254|11,269|
|Investment<br>mana|ement|15,946|7,524|
|||232,024|76,029|
|Forthe year ended|31March 2022|||
|Property<br>Expenses|||57,236|
|Other property<br>expenses|||11,269|
|Investment<br>management|||7,524|
||||76,029|





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||||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<br>by fund|||||||||
|Unrestricted<br>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<br>by fund|||||||
|Unrestricted<br>funds||51,522||18,021|31,286|100829|
|Restricted funds|||350|||350|
|||51,522|350|18,021|31,286|101,179|





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|Support costs|Sup portcosts —<br>Governance|Sup portcosts —<br>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<br>between||||||
|Charitable<br>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|



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||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<br>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|



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|Debtors||||
|---|---|---|---|
|||2023|2022|
|Amounts<br>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|





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|14|Current asset investments|Current asset investments|Current asset investments||||
|---|---|---|---|---|---|---|
||||||f|f|
||Unlisted<br>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|





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|17|Endowment<br>funds|||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||||Balance at||||Revaluations|||||Balance at|
|||||||||||||||1April 2022||gains and losses|||||a1March 202a|||
||||||||||||||||f|||||f|||f|
||Permanent<br>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<br>with||||
||the Church of England<br>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<br>for or||||engaged||in|any||profession,||
||trade, occupation<br>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<br>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<br>and ecclesiastical|||||purposes|||represents|||the|balance of||
||income<br>held for working<br>purposes.|||The|annual||||transfer||of|f350 from the||General<br>Fund||||in accordance|||||with<br>the|
||provisions ofthe Scheme|for|The EducationalFoundation|||||||of|Dr|Robert Oldfield.||||||||||||





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|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|