||||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|
##
##
|16.|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|
##
##
##
##
##
##
##
##
##
##
##