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