2022-03-31-accounts

Charity number	Charity number	529989
Independent	examiner	Anthea Grange FCA
		Douglass Grange
		Stanley House
		Phoenix Park
		Blakewater Road
		Blackbum
		861 5RW
Trustee		The General Conference ofthe	New Church
		(Acompany limited by guarantee)
		Purely Chase Centre, Purely Chase Lane, Mancetter
		Atherstone, Warwickshire, CV9	2RQ
Administration		General control and management		isthe responsibility				ofthe
		College Council.
		Policy is overseen by Governers,		who elect	members			ofthe
		Council.
		Land and investments are held	in	the name	of	the	Trustee.
Objectives		The main objectives is the education ofmembers					ofthe New
		Church
Charity ONce		25 Radcliffe New Road, Radcliffe,		Manchester,		M26 1LE
Banker		National Westminster Bank pic.	Prestwich,		Manchester
Investment	Manager	Brewin Dolphin Securities Ltd
		5 Glitspur Street, London, ECIA9BD
Permanent	Endownment	An investment fund the investment		policy ofwhich			is overseen		by
		the Trustee

		Page
College Council report		1-6
Independent examiner's	report
Statement offinancial activities
Balance sheet
Notes to the financial statements

						Unrestricted	Unrestdcted		Restricted	Total	Total
						funds	funds	Endowment
						general	Jersey		funds
						2022	2022		2022	2022	2021
					Notes	6	8		8	6	8
Donations and	legacies				3	23,055				23,055	19,107
Other trading activities					4	3,541				3,541	6,193
Investments					5	65,571	10,127			75,698	67,434
Other income					6	1,128				1,128	1,356
Total income						93,295	10,127			103,422	94,090
Raising funds					7	12,627	2,923			15,550	13,978
Charitable activities					8	79,520				79,520	98,295
Total resources		expended				92,147	2,923			95,070	112,273
Net gains/(losses)			on investments		11	89,552	21,001		98,806	209,359	603,116
Net incoming	resources			before
transfers						90,700	28,205		98,806	217,711	584,933
Gross transfers		between		funds		19,547	(10,134)		(9,413)
Net movement		in	funds			110,247	18,071		89,393	217,711	584,933
Fund balances	at 1 April			2021		1,126,387	425,807		1,634,165	3,186,359	2,601,425
Fund balances		at	31 March 2022			1,236,634	443,878		1,723,558	3,404,070	3,186,358

			2022		2021
		Notes			6
Fixed assets
Investments		12		3,361,578		3,167,620
Current assets
Debtors		14	22,087		12,088
Cash at bank and in	hand		35,085		24,567
			57,172		36,655
Creditors: amounts	falling due within
one year		15	(14,680)		(17,917)
Net current assets				42,492		18,738
Total assets less current Iiabigties				3,404,070		3,186,358
Capital funds
Endowment funds				1,723,558		1,634,165
Income funds
Unrestricted funds -	Jersey Education			443,878		425,806
Unrestricted funds -	general			1,236,634		1,126,387
				3,404,070		3,186,358

Unrestricted	Unrestricted
funds	funds
general	general
2022 6	2021f
3,541	6,193

	UnrestrictedUnrestrlcted	UnrestrictedUnrestrlcted	Total	Total
	funds	funds	2022	2021
	general	Jersey
	6	6
Use ofcollege premises	318		318	(399)
Income from listed investments	65,253	10,127	75,380	67,833
	65,571	10,127	75,698	67,434
Forthe year ended 31March 2021	58,166	9,268		67,434

			Charitable	Charitable
			Expenditure	Expenditure
			2022	2021
			8	8
Staffcosts			44,944	60,912
Module writing and tutorial	expenses		2,341	4,302
Support services			351
Leaders budgets			554	127
Library including distance	learning		109	25
Office equipment -purchases,		leasing and maintenance	2,735	1,980
Property expenses - regular			7,867	7,386
Property expenses - other			3,892	9,246
Jersey Fund conference student support			7,089	6,488
Catering and housekeeping			130	87
Telephone, fax and internet			1,000	942
Stationery and postages			321	316
Council and staff expenses			567	58
Miscellaneous			4,162	2,958
Bank and interest charges			158	168
Professional fees (excl.JEF)			3,300	3,300
			79,520	98,295
			79,520	98,295

The average	monthly n	umber ofemployees during the y	ear was:
			2022	2021
			Number	Number
Administration
Spiritual and	education	leaders
Employment	costs		2022	2021
			6	6
Wages and salaries				60,912

		UnrestrictedUnrestricted	UnrestrictedUnrestricted	Restricted	Total	Total
		funds	funds	Endowment	2022	2021
		general	Jersey	funds
		6	6	6
Revaluation	ofinvestments	88,606	20,162	97,753	206,521	608,742
Gain/(loss)	on sale ofinvestments	946	839	1,053	2,838	(5,626)
		89,552	21,001	98,806	209,359	603,116
Forthe year
ended 31
March 2021		201,506	82,759	318,851		603,116

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13	Financial		instruments			2022	2021
						5	5
	Carrying	amount of		financial assets
	Instruments		measured	at fair value through	profit or loss	1,028,820	1,033,752
14	Debtors
						2022	2021
	Amounts		falling due	within one year:		5
	Corporation tax recoverable					1,300	400
	Other debtors					19,213	10,017
	Prepayments and accrued income					1,574	1,671
						22,087	12,088
15	Creditors:		amounts	falling due within one year
						2022	2021
						5
	Accruals	and deferred		income		14,680	17,917

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