2022-03-31-accounts - St Peter's, Saltley Trust

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			Page
Report ofthe	Trustees		1to 14
Independent	Examiner's	Report	15
Statement of	Financial	Activities	16
Balance Sheet
Notes to the Financial Statements			18to 29

							2022	2021
				Unrestricted	Restricted	Endowment	Total	Total
				fund	Fund	Fund	funds	funds
			Notes	6	E	E	E	E
INCOME AND
ENDOWMENTS FROM:
Investment Income			2	143.105			143,105	138,261
Charitable activities			3	8,405	6,000		14,405	26,857
Total income and
endowments				151,510	6,000		157,510	165,118
EXPENDITURE ON:
Raising funds
Charitable activities
Grants payable			6	56,615	7,620		64,235	70,861
Support costs			7	63,408		2,090	65,498	73,948
Governance costs			8	17,760			17,760	18,434
Total expenditure				137,783	7,620	2,090	147,493	163,243
NET
(EXPENDITURE)/INCOME				13,727	(1,620)	(2,090)	10,017	1,875
Other recognised	gains
Gains/(losses) on	investment
assets				87,666		326,066	413,732	706,976
Net Movement in	funds			101,393	(1,620)	323,976	423,749	708,S51
Transfers between		Funds		(1,620)	1,620
				99,773		323,976	423,749	708,851
RECONCILIATION	OF FUNDS
Total funds brought		forward		786,550		3,929,616	4,716,166	4,007,315
TOTAL FUNDS CARRIED
FORWARD				886,323		4,253,592	5,139,915	4,716,166
All income and expenditure			derive from continuing activities.
			The notes form part ofthese financial			statements

					2022	2021
		Unrestricted	Restricted	Endowment	Total	Total
		fund	Fund	Fund	funds	funds
	Notes	5	E	6	g	E
FIXEDASSETS
Tangible assets	12	894		58,512	59W6	60,602
Investments	13	876,172		4,195dNB	5,071,252	4,639,427
		877,066		4,253.592	5,130,658	4,700,029
CURRENT ASSETS
Debtors	14	1,328			1,328	1,184
Cash at bank and In
hand		25,520			2S,520	2$,591
		26,84$			26,848	29,775
CREDITORS
Amounts falgng due
within one year	15	(17,591)			(17,591)	(13,63$)
NETCURRENT
ASSETS/(UABIUTIES)		9,257			9,257	16,137
TOTAL ASSETSLESSCURRENT
LIABIUTIES		8$6,323		4t253g592	Si1$9~915	4716166
NET ASSETS		886,32$		4g253t592	SylSBJ915	4)716166
FUNDS Unrestricted funds:	16				886,323756,550
Restricted funds
Endowment funds					4,25$,592	3,929,616
TOTAL FUNDS					5,1$9,91S	4,716,166

		2022	2021
		E	E
	Quoted fixed asset investments	143,105	138,261
3.	CHARITABLE ACTIVITIES INCOME
		2022	2021
		E	E
	Rental income	3,500	3,100
	Evaluation income	4,800
	Otherincome	105	300
	Grants received -Restricted	6,000	18,953
	CIRSGrant		4,504
		14,405	26,857

		Unrestricted	Restricted	Endowment	2021
		fund	Fund	Fund	Total funds
		E	E	E	6
INCOME AND ENDOWMENTS
FROM:
Investment Income		138,261			138,261
Charitable activities		7,904	18,953		26,857
Total income and
endowments		146,165	18,953		165,118
EXPENDITURE ON:
Raising funds
Charitable activities
Grants payable		51,331	19,530		70,861
Support costs		71,858		2,090	73,948
Governance costs		18,434			18,434
Total expenditure		141,623	19,530	2,090	163,243
NET INCOME/EXPENDITURE		4,542	(577)	(2,090)	1,875
Other recognised gains
Gains on investment	assets	42,236		664,740	706,976
Het Movement in funds		46,778	(577)	662,650	708,851
Transfer between Funds		6,999	(6,999)
		53,777	(7,576)	662,650	708,851
RECONCILIATION OF	FUNDS
Total funds brought	forward	732,773	7,576	3,266,966	4,007,315
TOTAL FUNDS CARRIED FORWARD		786,550		3,929,616	4,716,166

ANALYSIS OF EXPENDITURE ON CHARITABLE ACT	IV	I	TIES
								2022	2021
								6	f
Grants payable								64,235	70,861
Support costs								65,498	73,948
Governance								17,760	18,434
								147,493	163,243
f2 090 (2021-E2090)ofthe above costs were attributable				to endowments			funds.
f6 720 (2021-E19530)ofthe above costs were attributable				to restricted funds.
6137,783 (2021 —6141,623)ofthe above costs were			attributable		to unrestricted			funds.
ANALYSIS OF GRANTS
								2022	2021
								E	E
project costs
Innervation Trust —iSingpop schools project									9,600
Catalyst Youth Trust —Hikaru: Name Above All Names									1,000
GAP Entertainment C.I.C. —The GAP Kids' TV Show									10,000
University of Birmingham and St Peters Saltley Trust		—Environment			and	R E
project								4,407
NATRE —Regional Hub Development/Communications			Coordinator						6,400
Kingdom at Work project —Training event								200
Sandwell Churches' Link —Opening New Doors								9,253	9,072
Amblecote Christian Centre —WTC Library									1,000
The Feast —Transforming Dialogue Hub								20,000
Faith and Belief Forum —Faith School linking in the	West Midlands				Region			4,500
West Midlands Regional FE Chaplaincy Ambassador		—Extension funding						7,620	19,530
Newbigin School of Urban Leadership —Seedbeds	Project								10,000
Revd Dr Alison Woolley/Seeds ofSilence —Formation			Support	for Women
Theology Students									1,000
Youth for Christ —RE:Start									3,256
StAndrew's Cof E Church Rugby —'Muddy Church'	pilot project								4,000
British Sign Language Bible Translation								10,000
Professor JeffAstley, Professor Leslie Francis, Dr Tania			ap Sion-
Challenging Religious Issues								8,255
Grants committed in previous year but not paid									(3,997)
								64,235	70,861

			2022	2021
			E	E
Wages			46,122	46,469
Pensions			6,959	6,861
Stationery, postage and		phone	2,678	2,317
Subscriptions			817	1,083
Travelling and conference expenses			363	23
Repairs and	renewals		734	8,852
Rates and water			2,040	2,040
Insurance			1,566	1,486
Management	charges		913	862
Light and heat			839	871
Away day costs			(1,022)
Depreciation	oftangible	fixed assets (restricted E2,090)	2,388	2,090
Loss on sale	oftangible	fixed assets
Sundries			1,101	994
			65,498	73,948
GOVERNANCE COSTS
			2022	2021
			E	E
Administrative	salaries		8,118	8,871
Pension premiums			1,021	1,018
Pension paid	toformer	employee	5,921	5,845
Accountancy	fees		2,700	2,700
			17,760	18,434

Net income	/(expenditure)	is stated	after charging/(crediting):
				2022	2021
				E	E
Depreciation	oftangible fixed assets			2,388	2,090
Loss on sale	oftangible fixed assets
(Profit)/Loss	on fair value	movement	ofinvestments	(413,732)	(706,976)

				2022	2021
				E	E
Salaries				62,734	73,606
Socia I security		costs		1,663	3,069
Pension	paid	to former employee		5,921	5,845
Pension	premiums			5,444	6,677
				9, 9	99.19
No employee		received E60,000or more per annum	in either year
				Number	Number
Average	number ofemployees			9

TANGIBLE FIXEDASSETS
	Freehold	Fixtures and
	property	fittings	Totals
	6	E	E
COST
At 1April 2021	104,492	1,301	105,793
Additions in year		1,192	1,192
Disposals in year
At 31March 2022	104,492	2,493	106,985
DEPRECIATION
At 1April 2021	43,890	1,301	45,191
Disposals in year
Charge for year	2,090	298	2,388
At 31March 2022	45,980	1,599	47,579
NET BOOK VALUE
At 31March 2022	58,512	894	59,406
At 31March 2021	60,602	-	60,602

FIXE	DASSET INVESTMENTS
		2022	2021
		E	E
CCLA	Investments	4,998,281	4,584,549
Cash	deposits	72,971	54,878
		5,071,252	4,639,427

						Listed	Unlisted	Unlisted	Totals
						investments	investments
MARKET VALUE
At 1April 2021						4,584,548		1	4,584,549
Change in market value						413,732			413,732
At 31March	2021					4,998,280		1	4,998,281
NET BOOK VALUE
At 31March	2022					4,998,280		1	4,998,281
At 31March	2021					4,584,548		1	4,584,549
There were no investment			assets outside		ofthe UK.
Investments	(neither	listed	nor	unlisted)	were as follows:
								2022	2021
								E	f
Cash deposits	—Capital account							47,585	30,035
Cash deposits	-Accumulation			account				25,386	24,843
								72,971	54,878
ANALYSIS OF	INVESTMENTS
				Unrestricted		Endowment
					Funds	funds	2022		2021
					f	E	E		f
UK quoted investments					803,201	4,195,079	4,998,280		4,584,548
Other UK investments						1		1	1
Cash deposits					72,971		72,971		54,878
					876,172	, 99.DDD	5,061,252		4,639,427
UK voted investments
Market value	brought	forward			715,535	3,869,013	4,584,548		3,877,572
Net investment gains/(losses)					87,666	326,066	413,732		706,976
Market value	carried forward				000.80	, 99,0 9	,990,80D		4,584,548
Historical cost (UK quoted)					519,603	2,062,514	2,582,117		2,582,117

ANALYSIS	OF INVESTMENT INCOME
		Unrestricted	Endowment	Total	Total
		funds	funds	2022	2021
		E	6	E	6
Investment	income
Dividends	receivable from
equity shares		143,104		143,104	138,041
Interest receivable		101		101	220
		143,105		143,105	139,261

		2022	2021
		6	E
Other debtors		1,328	1,184
CREDITORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR
		2022	2021
		6	6
Trade creditors		3,410	3,403
Other creditors		13,981	10,135
Deferred income		200	100
		17,591	13,638

MOVEMENT IN FUNDS
						Net
						movement in
					At 1.4.21	funds	At31.3.22
					E	E	6
Unrestricted funds
General fund ~i"Id d					747,694	88,42$	$36,122
General Projects					38,856	8,345	47,201
West Midlands Regional	FE Chaplaincy		Development			3,000	3,000
Restricted fund
West Midlands Regional	FE Chaplaincy		Development
Endowment funds
Endowment fund					3,929,616	323,976	4,253,592
TOTALFUNDS					4,716,166	423,749	5,139,915
Net movement in funds,	included	in the above are as follows:
					Transfers
		Incoming		Resources	between	Gains	Movement
		resources		expended	funds	IL losses	in funds
				6	E	E	E
Unrestricted funds
General fund			151,510	(137,783)	(12,965)	87,666	88,428
General Projects					8,345		$,345
West Midland Regional	FE
Chaplaincy Development					3,000		3,000
Restricted funds
West Midlands Regional	FE
Chaplaincy Development			6,000	(7,620)	ld620
Endowment funds
Endowment fund				(2,090)		326,066	323,976
TOTAL FUNDS			157,510	(147,493)		413,732	423,749

MOVEMENT IN FUNDS -continued	MOVEMENT IN FUNDS -continued
Financial year to 31March 2021		movement		in funds				Net
								movement in
							At1.4.20	funds	At 31.3.21
Unrestricted funds
General fund							664,188	83,506	747,694
d d
General Projects							44,811	(5,955)	38,856
West Midlands Regional	FE Chaplaincy		Development				23,774	(23,774)
Restricted fund
West Midlands Regional	FE Chaplaincy		Development				Tp576	(7,576)
Endowment funds
Endowment fund							3,266,966	662,650	3,929,616
TOTAL FUNDS							4,007,315	708,851	4,716,166
Net movement in funds,	included	in the above are as				follows:
							Transfers
		Incoming			Resources		between	Gains	Movement
		resources			expended		funds	&losses	in funds
			E			E	E	E	F.
Unrestricted funds
General fund			146,165		(141,623)		36,728	42,236	83,506
General Projects							(5,955)		(5,955)
West Midland Regional	FE
Chaplaincy Development							(23,774)		(23,774)
Restricted funds
West Midlands Regional	FE
Chaplaincy Development			18,953			(19,530)	(6,999)		(7,576)
Endowment funds
Endowment fund						(2,090)		664,740	662,650
TOTAL FUNDS			165,118		(163,243)			706,976	708,851