2021-12-31-accounts - The Christadelphian Hall And Buildings Society Birmingham

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.


Charity name						The Christadelphian			Hall	&	Buildings Society,
						Birmingham, also		known		as	CHBS
Charity registration			number			702637 (England		and Wales)
Company	registration			number		00113912(England			and	Wales)
Registered	and principal				office	12 Rosafield Avenue
						Halesowen
						West Midlands
						B629BU
Trustees and		Directors				A T Collinge - Secretary
						D C Gouldingay	—Treasurer
						SJ Ashton
						A S Firth
						M G Green
						S P Griffiths (appointed				12July 2021)
						K H Rawlings
						JThompson
Bankers						HSBC pic
						130New Street
						Birmingham
						B24JU
Solicitors						Shakespeare Martineau				LLP
						1Colmore Square
						Birmingham
						84 6AA
Investment	adviser					Portcullis Financial			Planning		Limited
						Wassell Grove	Business			Centre
						Wassell Grove	Lane
						Stourbridge
						DY9 9JH
Independent		examiner				Karen Hanlan	Independent				Examiner	Limited
						12Waterloo Close
						Wellesbourne
						Warwick
						CV35 9JG

			Non-voting		Non-voting
		Ordinary	directors'	Ordinary	directors'
		shares of	shares of	shares of	share ofE1
		E1	E1	E1
		2021	2021	2020	2020
ATCollinge		12	305	12	348
SJ Ashton		11	304	12	348
AS Firth		11	304	12	347
D C Gouldingay		11	304	12	347
M G Green		11	304	12	347
5 P Griffiths (appointed	12July 2021)	11	304
K H Rawlings		11	304	12	348
JThompson		11	304	12	348

for the year ended 31De	cembe	r 2021
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds	2021	funds	funds	2020
	Note	E	E	E	E	E	E
Income from:
Donations and legacies	2	685,863		685,863	21,569	8,000	29,569
Charitable activities:
-Insurance recharges
receivable		5,357		5,357	5,097		5,097
Investments:
- Bank interest receivable		92	1,370	1,462	532	2,006	2,538
- Dividends and other
bonuses receivable		2,224		2,224	2,378		2,378
- Rent receivable		20		20	20		20
Total income		693,556	1,370	694,926	29,596	10,006	39,602
Expenditure on:
Cost of raising funds
—Investment managers fees		1,896		1,896	1,742		1,742
Charitable activities:
—Grants payable	3	627,446	1,308	628,754	51,697	8,000	59,697
—Insurance premium payable		5,357		5,357	5,097		5,097
-sup pot"t cos'ts	4	24,501		24,501	8,960		8,960
Total expenditure		659,200	1,308	660,508	67,496	8,000	75,496
Net income/(expenditure)
before investment gains		34,356	62	34,418	(37,900)	2,006	(35,894)
Net gains on investments		286,712		286,712	2,850		2,850
Net income/(expenditure)
and net movement in funds		321,068	62	321,130	(35,050)	2,006	(33,044)
Reconciliation offunds:
Total funds brought forward		613,116	166,892	780,008	648,166	164,886	813,052
Total funds carried forward		934,184	166,954	1,101,138	613,116	166,892	780,008

BALANCE SHEET
at 31December 2021
			Note	2021	2020
				E	E
FIXEDASSETS
Programme related	Investments:
Land and buildings				5,808	5,808
Loans				108,509	87,424
Investments:
Quoted				196,951	175,141
Bank term deposit					85,000
				311,268	353,373
CURRENT ASSETS
Investment property			10	93,400
Debtors			11	19,479	3,120
Bank term deposit				85,000	85,000
Cash at bank				1,142,634	343,865
				1,340,513	431,895
CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR	12	546,643	1,350
NET CURRENT ASSETS				793,870	430,635
TOTAL ASSETS LESS	CURRENT LIABILITIES			1,105,138	784,008
THE FUNDS OF THE CHARITY
Called up share capital			13	4,000	4,000
Accumulated income funds:
Restricted funds			14	166,954	166,892
Unrestricted funds:
General fund			15	803,714	588,665
Revaluation reserve			15	42,957	24,451
Non-distributable	reserve		15	87,513
Total unrestricted funds				934,184	613,116
TOTAL CHARITABLE	FUNDS			1,105,138	784,008

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds	2021	funds	funds	2020
These arose from the				f	f	f	f	f
following sources:
Thornton Heath Ecclesia		- on
closure and hall sale			585,724		585,724
Seaton Ecclesia —hall	gift	for
leaseback at peppercorn		rent	80,374		80,374
Halifax (Salterhebble)	—on
closure and hall sale						21,375		21,375
Lincoln Ecclesia —on	closure
and hall sale			10,000		10,000
Nelson Ecclesia —on closure
and hall sale			9,758		9,758
Donation from aTrust							8,000	8,000
Total under 65,000						194		194
			685,863		685,863	21,569	8,000	29,569
CHARITABLE ACTIVITIES			- GRANTS PAYABLE
			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds	2021	funds	funds	2020
Grants to institutions	for	the	f	f	f	f	f	f
acquisition, repair or
improvement ofecclesial
premises and land comprised:
Exceptional grants to other
Christadelphian charities			543,182		543,182
Christadelphian Bible	Mission
—overseas ecclesias (Africa)			34,564		34,564	25,000		25,000
Ashton-under-Lyne Ecclesia			15,000		15,000
Hereford Ecclesia			8,000		8,000
Bedford Ecclesia							8,000	8,000
Bournville Ecclesia			7,500		7,500
Bracknell Ecclesia			7,500		7,500
Asia-Pacific Christadelphian
Bible Mission inc			5,200		5,200
Casino Ecclesia, Australia						7,500		7,500
Newport Ecclesia						7,500		7,500
Llanelli Ecclesia						5,867		5,867
Christadelphian Benevolent
Fund			5,000		5,000
Yeovil Ecclesia						3,130		3,130
Wigan Ecclesia			1,500		1,500	2,700		2,700
Northampton Ecclesia				1308	1308
			627,446	1,308	628,754	51,697	8,000	59,697

e year ended 31D	ecemb	er 2	021
SUPPORT COSTS
						2021	2020
						f	f
Legal and professional		expenses		(see note	below)	19,376	4,246
Financial conduct	authority-		compliance		advice	1,440	1,440
Independent examiner's		costs				1,600	1,350
Trustee expenses						159	238
Trustee indemnity	and	personal		accident	insurance	712	712
Financial Conduct	Authority:		annual fee			836	400
Miscellaneous expenses						378	574
						24,501	8,960

AND AND BUILDINGS
			2021	2020
Programme related investments:	land and buildings	comprise
the following freehold properties	let at peppercorns	rents to:
Bournville Ecclesia, Birmingham			2,232	2,232
Brislington Ecclesia, Bristol —vacated and sold in 2021
East Ham Ecclesia, London			1,286	1,286
Kings Heath Ecclesia, Birmingham
Old Trafford Ecclesia, Manchester			2,290	2,290
Cost at 31December			5,808	5,808
Impairment at 31December
Net book value at 31December			5,808	5,808

eriod of up	to twelve years from i	nception. M	ovements in	the year were as fo	llows:
				2021	2020
				f	f
Loans at 1January				87,424	142,905
New loans	advanced			45,000
				132,424	142,905
Less:
- New or existing loans repaid				23,915	43,784
- Loans waived by CHBS —treated		as additional	grants		11,697
Loans at 31December				108,509	87,424
Outstanding	loans at year end:
Ashton-under-Lyne Ecclesia				45,000
Barton-under-Needwood Ecclesia				6,500	8,500
Birmingham,	Kings Heath Ecclesia			34,200	39,300
Maidenhead	Ecclesia			7,200	9,600
Manchester,	Old Trafford Ecclesia			9,200	15,367
Nottingham	(South) Ecclesia			3,909	6,657
Wellington	Ecclesia, New Zealand			2,500	8,000
				108,509	87,424

NOTES TO THE FINANCIAL STATEMENTS	NOTES TO THE FINANCIAL STATEMENTS	NOTES TO THE FINANCIAL STATEMENTS	NOTES TO THE FINANCIAL STATEMENTS	NOTES TO THE FINANCIAL STATEMENTS
for	the year ended 31December	2021
8.	FIXEDASSET INVESTMENTS:		QUOTED		INVESTMENTS
						2021	2020
						f	f
	Market value at start ofyear					175,141	180,970
	Acquisitions at cost					2,224	2,379
	Disposal proceeds					(1,896)	(1,742)
	Realised gains/(losses)
	Unrealised (losses)/ gains					21,482	(6,466)
	Market value at end ofyear					196,951	175,141
	Historic cost ofinvestments		held at year end			154,958	154,578
	The investment portfolio comprises:
	Equity income funds					74,224	61,382
	Managed growth bonds					66,755	62,534
	Property bonds					55,972	51,225
						196,951	175,141
9.	FIXEDASSET INVESTMENTS:		BANK TERM DEPOSIT
							f
	Maturing on 13October 2022						85,000
							85,000
10.	INVESTMENT PROPERTY
						f
	Held for resale					93,400
11.	DEBTORS
						f	f
	Prepaid acquisition costs —programme				related investments	19,248	2,274
	Accrued income - interest	on deposits				231	755
	Sundry debtor —insurance	refund					91
						19,479	3,120
12.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
						f	f
	Other creditors (including	grants f543,182 —2020 Nil)				546,643	1,350
13.	SHARE CAPITAL
	Authorised, called up, allotted			and fully paid:
	1,567 Ordinary shares off1		each			1,567	1,567
	2,433 Non-voting directors'		shares of		f1each	2,433	2,433
						4,000	4,000

31December	2021	Opening balance	Income	Expenditure	Gains and	Transfers	Closing balance
					losses
		E	E	f	E	f	E
General fund		588,665	693,556	(659,200)	286,712	(106,019)	803,714
Revaluation	reserve	24,451				18,506	42,957
Non-distributable
reserve						87,513	87,513
		613,116	693,556	(659,200)	286,712		934,184

		Opening	Opening	Income	Income	Expenditure	Expenditure	Gains	Gains	Transfers		Closing
31December 2020			balance					and				balance
								losses
			f		f		f		f	f.		f
General fund		546,382		29,596		(67,496)		2,850		77 333		588,665
Revaluation reserve			26,883							(2,432)		24,451
Non-distributable
reserve			74,901							(74,901)
		648,166		29,596		(67,496)		2,850				613,116
he revaluation reserve		comprises		unrealised		gains on	the	charity's	fixed assets investments
ortfolio.
he non-distributable	reserve comprises				an	unrealised	ga	in on the	charity's current			assets
nvestment property.
NALYSIS OF NET ASSETS BETWEEN FUNDS
							Restricted			General		Total
								Funds		Funds
At 31December 2021:								f		f		f
Fixed assets: programme			related	investments						5,808		5,808
Fixed assets: investments										305,460		305,460
Current assets								166,954		1,173,559	1,340,513
Creditors: amounts	falling due within one year									(546,643)		(546,643)
Total net assets								166,954		938,184	1,105,138
At31December 2020:										f		f
Fixed assets: programme			related	investments						93,232		93,232
Fixed assets: investments										260,141		260,141
Current assets								166,892		265,093		431,985
Creditors: amounts	falling due within one year									(1,350)		(1,350)
Total net assets								166,892		617,116		784,008