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||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|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|||||||
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||||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|
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|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|
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||||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|
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|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|
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|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|
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|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|
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|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|
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|||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|
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