2023-03-31-accounts - St Peter's, Saltley Trust

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			Page
Report ofthe	Trustees		1to 13
Independent	Examiner's	Report
Statement of	Financial	Activities	15
Balance Sheet			16
Notes to the Financial Statements			17to 28

							2023	2022
				Unrestricted	Restricted	Endowment	Total	Total
				fund	Fund	Fund	funds	funds
			Notes	f	E	E	f	E
INCOME AND
ENDOWMENTS FROM:
Investment Income			2	147,561			147,561	143,105
Charitable activities			3	5,069	5,000		10,069	14,405
Total income and
endowments				152,630	5,000		157,630	157,510
EXPENDITURE ON:
Raising funds
Charitable activities
Grants payable			6	80,839	9,051		89,890	64,235
Support costs			7	67,823		2,090	69,913	65,498
Governance costs			8	13,369			13,369	17,760
Total expenditure				162,031	9,051	2,090	173,172	147,493
NET
(EXPENDITURE)/INCOME				(9,401)	(4,051)	(2,090)	(15,542)	10,017
Other recognised	gains
(Losses)/gains on	investment
assets				(86,869)		(149,060)	(235,929)	413,732
Net Movement in	funds			(96,270)	(4,051)	(151,150)	(251,471)	423,749
Transfers between		Funds		(4,051)	4,051
				(100,321)		(151,150)	(251,471)	423,749
RECONCILIATION	OF FUNDS
Total funds brought		forward		886,323		4g253y592	5~139915	4 716 166
TOTAL FUNDS CARRIED
FORWARD				786,002		4,102,442	4,888,444	5,139,915

					2023	2022
		Unrestricted	Restricted	Endowment	Total	Total
		fund	Fund	Fund	funds	funds
	Notes	E	E		E	E
FIXEDASSETS
Tangible assets	12	596		56,422	57,018	59,406
Investments	13	764,460		4,046,020	4,810,480	5,071,252
		765,056		4,102,442	4,867,498	5,130,658
CURRENT ASSETS
Debtors	14	2,249			2,249	1,328
Cash at bank and in
hand		27,645			27,645	25,520
		29,894			29494	26,848
CREDITORS
Amounts falling due
within one year	15	(8,948)			(8,993)	(17,591)
NETCURRENT
ASSETS/(LIABILITIES)		20,946			20,946	9,257
TOTAL ASSETS LESSCURRENT
LIABILITIES		786,002		4,102,442	4,888&444	5,139,915
NET ASSETS		786,002		4,102,442	4,888,444	5,139,915
FUNDS	16
Unrestricted funds:					786,002	886,323
Restricted funds
Endowment funds					4,102,442	4,253,592
TOTAL FUNDS					4,888,444	5,139,915

	2023	2022
	E	E
Quoted fixed asset investments	147,561	143,105
CHARITABLE ACTIVITIES INCOME
	2023	2022
	E	E
Rental income	4,800	3,500
Evaluation income		4,800
Other income	269	105
Grants received -Restricted	5,000	6,000
QRS Grant
	10,069	14,405

		Unrestricted	Restricted	Endowment	2022
		fund	Fund	Fund	Totalfunds
		E	E	E	E
INCOME AND ENDOWMENTS
FROM:
Investment Income		143,105			143,105
Charitable activities		8,405	6p000		14,405
Total income and
endowments		151,510	6,000		157,510
EXPENDITURE ON:
Raising funds
Charitable activities
Grants payable		56,615	7,620		64,235
Support costs		63,408		2,090	65,498
Governance costs		17,760			17,760
Total expenditure		137,783	7,620	2,090	147,493
NET INCOME/EXPENDITURE		13,727	(1,620)	(2,090)	10,017
Other recognised gains
Gains on investment	assets	87,666		326,066	413,732
Net Movement in funds		101,393	(1.620)	323,976	423,749
Transfer between Funds		(1,620)	1,620
		99,773		323,976	423,749
RECONCILIATION OF	FUNDS
Total funds brought	forward	786,550		3,929,616	4,716,166
TOTAL FUNDS CARRIED FORWARD		886,323		4p253,592	5,139,915

ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES	ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES
							2023	2022
							E	E
Grants payable							89,890	64,235
Support costs							69,913	65,498
Governance							13,369	17,760
							173,172	147,493
E2,090 (2022 - 62,090)ofthe above costs were attributable		to endowments				funds.
E9,051 (2022 - f7,620)ofthe above costs were attributable		to restricted			funds.
6162,031 (2022 —f137,783) ofthe above costs were attributable				to unrestricted			funds.
ANALYSIS OF GRANTS
							2023	2022
							E	E
Project costs
Innervation Trust —iSingPop schools project							9,600
ECCR —West Midlands Champions Training Event							500
GAP Entertainment C.I.C. —The Platform Project							9,960
University of Birmingham and StPeters Saltley Trust	—RE:Connect
Environment and Religious Education								4,407
Professor Stephen Parker (University ofWorcester)	—A New	Teacher for a
New Subject							2,651
Kingdom at Work project —Training event								200
Sandwell Churches' Link —Opening New Doors							4,719	9,253
Footsteps (Birmingham Council of Faiths) —Small Footsteps		initiative					750
The Feast —Transforming Dialogue Hub							10,000	20,000
Faith and Belief Forum —Faith School linking in the West Midlands				Region				4,500
West Midlands Regional FE Chaplaincy Ambassador	—Extension		funding				9,051	7,620
Harbury CofE School —Parable ofthe Sower Willow	Project						1,000
Revd Dr Alison Woolley/Seeds ofSilence —Formation	Support for			Women
Theology Students							8,625
Roehamption University - Learning from the Edges							20,067
Dr Paul-Francois Tremlett (Open University) —Religious Literacy in				FE			3,000
British Sign Language Bible Translation Project							5,000	10,000
Professor JeffAstley, Professor Leslie Francis, Dr Tania ap Sion-
Challenging Religious Issues								8,255
StJohn's Cof E Middle School, Bromsgrove —Prayer	Book Project						490
Student Christian Movement —Discipleship Care Packages							888
St Peters' Saltley Trust —Publication ofVocation and	Calling	project report					2,689
Revd Dr Sally Nash -Standards for Chaplaincy with Children		and	Young
People							900
							89,890	64,235

				2023	2022
				E	E
Wages				46,449	46,122
Pensions				7,733	6,959
Stationery, postage and			phone	2,392	2,678
Subscriptions		and training		1,960	817
Travelling and		conference expenses		517	363
Repairs and	renewals			742	734
Rates and water				2,052	2,040
Insurance				1,872	1,566
Management		charges		950	913
Light and heat				912	839
Away day costs					(1,022)
Depreciation	oftangible		fixed assets (restricted E2,090)	2,388	2,388
Sundries				1,946	1,101
				69,913	65,498
GOVERNANCE		COSTS
				2023	2022
				E	E
Administrative		salaries		8,249	8,118
Pension premiums				407	1,021
Pension paid	to former employee			2,013	5,921
Accountancy	fees			2,700	2,700
				13,369	17,760

Net income	/(expenditure)	is stated	after charging/(crediting):
				2023	2022
					E
Depreciation	oftangible	fixed assets		2,090	2,090
l.oss on sale	oftangible fixed assets
(l.oss)/Profit	on fair value	movement	ofinvestments	235,929	(413,732)

			2023	2022
			f	E
Salaries			64,653	62,734
Social security	costs		1,070	1,663
Pension paid	to former employee		2,013	5,921
Pension premiums			5,885	5,444
			73,62	73,762
No employee	received E60,000or more per annum	in either year.
			Number	Number
Average number ofemployees			3	~

TANGIBLE FIXEDASSETS
	Freehold	Fixtures and
	property	fittings	Totals
	E	E	E
COST
At 1April 2022	104,492	2,493	106,985
Additions in year
Disposals in year
At 31March 2023	104,492	2,493	106,985
DEPRECIATION
At 1April 2022	45,980	1,599	47,579
Disposals in year
Charge for year	2,090	298	2,388
At 31March 2023	48,070	1,897	49,967
NET BOOK VALUE
At 31March 2023	56,422	596	57,018
At31March 2022	58,512	894	59,406

		2023	2022
		E	E
CCLA	Investments	4,762,352	4,998,281
Cash	deposits	48,128	72,971
		4,810,480	5,071,252

					Listed	Unlisted	Totals
					investments	investments
MARKET VALUE
At 1April 2022					4,998,280		4,998,281
Change in market value					(235,929)		(235,929)
At 31March	2023				4,762,351		4,762,352
NET BOOK VALUE
At 31March	2023				4262,002	1	4,762,352
At 31March	2022				4,990.200	1	4,990,201
There were no investment			assets outside ofthe UK.
Investments	(neither listed		nor	unlisted) were as follows.
						2023	2022
						E	E
Cash deposits	—Capital account					32,199	47,585
Cash deposits	—Accumulation			account		15,929	25,386
						48,128	72,971
ANALYSIS OF	INVESTMENTS
				Unrestricted	Endowment
				Funds	funds	2023	2022
				E	E	E	E
UK quoted investments				716,332	4,046,019	4,762,351	4,998,280
Other UK investments					1	1	1
Cash deposits				48,128		48,128	72,971
				764,460	4,046.020	4,010,440	5,061,252
UK oted investments
Market value	brought	forward		803,201	4,195,079	4,998,280	4,584,548
Net investment (losses)/gains				(86,869)	(149,060)	(235,929)	413,732
Market value	carried forward			716,332	4,046,0 9	4,792,351	4,998,280
Historical cost (UK quoted)				519,603	2,062,514	2,582,117	2,582,117

ANALYSIS	OF INVEST	MENT INC	OME
			Unrestricted	Endowment	Total	Total
			funds	funds	2023	2022
			f	f	f	f
Investment	income
Dividends	receivable	from
equity shares			147,530		147,530	143,092
interest receivable					31	13
			147,561		141.561	43,145

		2023	2022
		f	f
Other debtors		2,249	1,328
CREDITORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR
		2023	2022
		f	f
rrade creditors		3,423	3,410
Other creditors		5,325	13,981
Deferred income		200	200
		8,948	17,591

'rrade creditors
Other creditors
Deferred income

MOVEMENT IN FUNDS
						Net
						movement in
					At 1.4.22	funds	At31.3.23
					f	f	f
Unrestricted funds
General fund D~it 4 4					836,122	(86,839)	749,238
GeneralProjects					472201	(10,482)	36,719
West Midlands Regional	FE Chaplaincy		Development		3,000	(3,000)
Restricted fund
West Midlands Regional	FEChaplaincy		Development
Endowment funds
Endowment fund					4,253,592	(151,150)	4,102,442
TOTAL FUNDS					5,139,915	(251,471)	4,888,444
Net movement in funds,	included	in the above are as follows:
					Transfers
		Incoming		Resources	between	Gains	Movement
		resources f		expended f	funds E	&losses f	in funds f
Unrestricted funds
General fund			152,630	(162,031)	9,431	(86,869)	(86,839)
General Projects					(10,482)		(10,482)
West Midland Regional	FE
Chaplaincy Development					(3,000)		(3,000)
Restricted funds
West Midlands Regional	FE
Chaplaincy Development			5,000	(9,051)	4,051
Endowment funds
Endowment fund				(2,090)		(149,060)	(151,150)
TOTALFUNDS			157,630	(173,172)		)225,929)	~252,422)

MOVEMENT IN FUNDS -continued	MOVEMENT IN FUNDS -continued
Financial year to31March 2021		movement		in funds				Net
								movement in
							At 1.4.21	funds	At 31.3.22
							f	f	f
Unrestricted funds
General fund							747,694	88,428	836,122
~dd td d
General Projects							38,856	8,345	47,201
West Midlands Regional	FE Chaplaincy		Development					3,000	3,000
Restricted fund
West Midlands Regional	FEChaplaincy		Development
Endowment funds
Endowment fund							3,929,616	323,976	4,253,592
TOTAL FUNDS							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 f			expended f		funds E	&losses f	in funds f
Unrestricted funds
General fund			151,510		(137,783)		(12,965)	87,666	88,428
General Projects							8,345		8,345
West Midland Regional	FE
Chaplaincy Development							3,000		3,000
Restricted funds
West Midlands Regional	FE
Chaplaincy Development			6,000			(7,620)	(1,620)
Endowment funds
Endowment fund						(2,090)		326,066	323,976
TOTAL FUNDS			157,510		(147,493)			413,732	423,749