|||Page|
|---|---|---|
|Report of the Trustees||1to 6|
|Report ofthe Independent|Auditors|7 to 8|
|Statement
oi' Financial Activit1es|||
|Balance Sheet||10|
|Notes to the Financial Statements||11to 22|
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|||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Endowment|Total funds|Total funds|
||||||funds|fun cl|funds|||
|||||Notes|E|E|E|E|E|
|INCOME AND||||||||||
|ENDOWMENTS|FROM:|||||||||
|Charitable
activities||||||||||
|Artefacts|||||19,267|||19.267|15,630|
|Donations|||||75|||75||
|Investment
income|||||9,385|12|205,220|214,61.7|1.31.,505|
|Total|||||28,727|12|205,220|233,959|147,135|
|EXPENDITURE|ON:|||4-7||||||
|Raising Funds||||||||||
|investment
management|||fees||377||9,111|9,488|25,966|
|Charitable
activities||||||||||
|Donations|||||158,660|||158.660|252.975|
|Other direct charitable|||costs||9.243|||9,243|9,220|
|5upport costs|||||7,009|260||7,269|8,670|
|Total|||||1,75.289|260|9,111|184,660|296,831|
|Net movement|on investments|||7|l45,009)||l535,664)|(580,673)|547.343|
|NET (EXPENDITURE)l|||INCOME||(191,571)|l248)|l339,555)|(531,374)|397,647|
|Transfers between||funds||15|198,900||(198,900)|||
|Net movement|in funds||||7,329|(248)|(538,455)|(531,374)|397,647|
|RECONCILIATION||OF|FUNDS|||||||
|Total funds brought||forward|||706.199|931|5,229,254|5,936,384|5,538,737|
|TOTAL FUNDS|CARRIED||||713,528|683|4,690,799|5,405,010|5,936.384|
|FORWARD||||||||||
|At 31December 2|0|22||||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2022|2021|
|||||Unrestrictecl|ltestrictecl|Endowment||Total lunds|Total funds|
|||||funcls|Icnlcl|iuncls||||
||||Notes|E|E|C||E||
|FIXEDASSETS||||||||||
|The Mappa
Mundi|encl I-listoric|||||||||
|Libraries
aL nominal||value|10|||||||
|All Saints Chained|Library at|||||||||
|IIominal value|||11||||1|1|1|
|Investnlents|||12|394,108||n, oc)O,79|7|5,084,905|5,668,591|
|||||394,108||4,690,799||5,084,907|5,668,593|
|CURRENT ASSETS||||||||||
|Debtors||||10,66n||||10,664|4,263|
|Cash at bank and in||hand||341,622|683|||342,305|286,215|
|||||352,286|683|||352,969|290,478|
|CREDITORS||||||||||
|Amounts
lailing clue||within one||||||||
|year|||14|(32,866)||||(32,866)|(22,687)|
|NET CURRENT ASSETS||||319,420|683|||320,103|267,791|
|TOTAL ASSETS LESSCURRENT||||||||||
|LIABILITIES||||713,528|683|4,690,799||5,405,010|5,936,384|
|NET ASSETS||||733
2L3|683|4,690,799||5,405,010|5,936,383I|
|FUNDS|||15|||||||
|Uurestriclecl
Iuncls
Restrictecl funds||||||||713,528
683|706,199
931|
|Enclowlrlent
luncls||||||||4,690,799|5229,2531|
|TOTAL FUNDS||||||||5,405,010|5,936,884|
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|||||2022|2021|
|---|---|---|---|---|---|
|||||E|E|
|Deposit account interest||||945|37|
|Dividencls
ancl interest|on|investments||213,672|131,46B|
|||||214,617|131,505|
|Deposit Account Interest||Er Interest on|Investments|||
|||||2022|2021|
|||||E|E|
|Unrestricted
funds:||||||
|Central
Boarcl of Finance||of the Church|ol' Engla»cl|933|37|
|||||933|37|
|Restricted fund:||||||
|Central
Boarcl of Finance||of the Church|of England|12||
|Endowment
fund:||||||
|Schroders||||34||
|||||')79|37|
|INCOME FROM CHARITABLE ACTIVITIES||||||
|||||2022|2021|
|Use of artefacts
Folio Society Royalties||Activity
Artefacts
Folio Sociely Royalties||E
1'),267|f
15,630|
|||||Tr),267|15,630|
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||||||||||||Grant funding||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||Direct costs|of activities|Total|
||||||||||||(See note 5)|2022|
|||||||||||E|E.|E|
||Artefacts|||||||||9,243||9.243|
||Donations||||||||||158,660|158,660|
|||||||||||9,243|158.660|167.903|
||||||||||||Grant funding||
||Prior year cornporotive|||||||||Direct costs|of activities|Total|
|||||||||||||2021|
||||||||||||(See note 5)||
|||||||||||E|E|E|
||Artefacts|||||||||9.220||9.220|
||Donations||||||||||252,975|252,975|
|||||||||||9,220|252,975|262,195|
|5.|GRANTS|PAYABLE|||||||||||
||||||||||||2022|2021|
||||||||||||E|E|
||Donations||||||||||158,660|252,975|
||The total|grants||paid||to institutions|||during the year were as follows:||||
||||||||||||2022|2021|
||||||||||||E|E|
||Chapter|- Library||salaries|||||||37,926|38.490|
||Chapter|—Mappa|||Building|||Plant Replacement|||8,576||
||Chapter|-Temporary||||Exhibitions|||||14,451||
||Chapter|—Humidity||||Control||||||(1,145)|
||Chapter|—Catalogue||||Software|||||1,440||
||Chapter|—Conservation|||||&|Book repairs|||2,000||
||Chapter|—Royalties|||||||||19,267|I5.630|
||Chapter|- Property|||Repairs||||||75,000|200,000|
||||||||||||158,660|252,975|
|6.|SUPPORT||COSTS||||||||||
||||||||||||2022|2021|
||||||||||||E|E|
||Governance||costs||||||||7,269|8,670|
##
|NET MOV|EME|NT ON I|NVESTMENTS|||
|---|---|---|---|---|---|
|||||2022|2021|
|||||E|E|
|Net (loss)/gain||on investments||(580,673)|sn7,3&3|
|Inveslment|management||costs|(9,rl 88)|(25,966)|
|||||(590,161)|521,377|
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||||||Unrestricted|Restricted|Endowment|Total funds|
|---|---|---|---|---|---|---|---|---|
||||||funds|fund|full cls||
|||||Notes|||||
|INCOME AND ENDOWMENTS|||||||||
|FROM|||||||||
|Charitable
activities||||3|||||
|Artefacts|||||15,630|||15.630|
|Folio Society Royalties|||||||||
|Donations|||||||||
|Investment
income|||||5,288||126.21.7|131,505|
|Total|||||20,918||126,217|147.135|
|EXPENDITURE ON||||4-7|||||
|Raising Funds|||||||||
|Investment
management|||fees||1,022||24,944|25.966|
|Charitable
activities|||||||||
|Donations|||||252,975|||252,975|
|Other direct charitable||costs|||9.220|||9,220|
|Support costs|||||8.670|||8.670|
|Total|||||271,887||24.944|296.831|
|Net movement
on investments||||7|41,775||505,568|547,343|
|NET (EXPENDITURE)/||INCOME|||l209.194)||606,841|397,647|
|Transfers between|funds|||15|199,178||(199,1.78)||
|Net movement
in funds|||||(10.016)||407.663|397.647|
|RECONCILIATION|OF|FUNDS|||||||
|Total funds brought|forward||||716,215|931|4,821.591|5,538,737|
|TOTAL FUNDS CARRIED|||FORWARD||706,199|931|5,229,254|5.936,384|
||||Cash and||
|---|---|---|---|---|
|||Listed|seltlemenls||
|||inveslrnents|pending|Tolals|
|||C|E|E|
|MARI&ET VALUE|||||
|Al 1January
Adclitions|2022|5658 778|'7,813|5,668,5') 1|
|Disposals
Revaluations
Movenlorsl|on casll|(742)
(580,673)|(2,271)|(762)
(580,673)
(2,271)|
|At 31December 2022||5,077,363|7 Srl2|5,08rf,905|
|12.|FIXED ASSET INVESTMENTS|FIXED ASSET INVESTMENTS|FIXED ASSET INVESTMENTS|FIXED ASSET INVESTMENTS|(continued)|||
|---|---|---|---|---|---|---|---|
||Structure|ofthe portfolio||||||
|||||||Market value||
|||||||2022|2021|
||||||||E|
||Fixed interest securities|||||||
||Cazenove|Charity
Responsible|||Multi Asset Funcl|5,077,363|5,658,780|
|||||||5,077,363|5,658,780|
|13.|DEBTORS:AlvIOUNTS||FALLING DUE WITHIN ONE YEAR|||||
|||||||2022|2021|
|||||||E|E|
||Other debtors|||||10,664|4,263|
|14.|CREDITORS: AMOUNTS|||FALLING DUE WITHIN ONE YEAR||||
|||||||2022|2021|
|||||||f|E|
||Accruals|and deferred|income|||32,866|22,687|
##
|||||||Nct nIovcl'ncnl'|TI'ansi'I'. I'5||
|---|---|---|---|---|---|---|---|---|
||||||At 01.0'I 22|ln funcls|betweel1
Iullds|At 31,12,22|
||||||C|C|E|E|
|Unrestricted|funds||||||||
|General
fund|||||444,947|(175,022)|207 040|476,965|
|Designatecl|- Investment||"I=ree Fund"||248,167|(14,896)|(8,140)|225,131|
|Designatecl|Funrl —Archaeology||||13,085|(1,653)||11,432|
||||||706,199|(191,571)|198,900|713,528|
|Restricted
funds|||||||||
|Library
l=unrl|||||931|(248)|||
|Endowment|funds||||||||
|The National|I-leritage|Memorial||Funcl|||||
|lnvestrnnlts|||||5,229,254|(339,555)|(198,I)00)|4,690,799|
|TOTALFUNDS|||||5,936,384|(531,37/I)||5,405,010|
|Net movement
in funcls,|||included|in the above are as follows:|||||
||||||Income|Expcnrliturc|Gains Iuul|Movclrlcllt
In|
||||||||losses|funds|
||||||||C|C|
|Unrestricted|funds||||||||
|General
fund
Designate&I
- Investment
"Free Funcl"
Designated
Funrl —Archaeology|||||20,276
8,451|(173,260)
(376)
(1,653)|(22,038)
(22,971)|(175,022)
(14,896)
(1,653)|
||||||28,727|(175,289)|(rl5 009)|(191,571)|
|Restricted
funds|||||||||
|Library
Fund|||||12|(260)||(248)|
|Endowment|funds||||||||
|Tho National|Heritage|Memorial||Funrl|||||
|Investments|||||205,220|(9,111)|(535,664)|(339555)|
|TOTAL FUNDS|||||233,959|(184,660)|(580,673)|(531,374)|
##
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|||||||Net movement|Transfers|Transfers||
|---|---|---|---|---|---|---|---|---|---|
||||||At 01.01.21|in funds|between|funds|At 31.12.21|
||||||E|E||E|E|
|Unrestricted|funds|||||||||
|General
fund|||||476,697|(230,928)|199,178||444.947|
|Designated|- Investment||"Free|Fund"|222,348|25,819|||248,167|
|Designated|Fund —Archaeology||||17,170|(4,085)|||13,085|
||||||7'16,215|(209.194)|199,1.78||706,199|
|Restricted funds||||||||||
|Library Fund|||||931||||931|
|Endowment|funds|||||||||
|The National|Heritage|Memorial||Fund|4.821.591|606,841|(199,178)||5,229,254|
|investments||||||||||
|TOTAL FUNDS|||||5,538,737|397,647|||5,936,384|
|Net movement
in funds,|||included|in the above are as follows:||||||
||||||Income|Expenditure|Gains|and|Movement
in|
||||||||losses||funds|
|||||||||E|E|
|Unrestricted|funds|||||||||
|General
fund|||||15,668|(266,780)||20.184|(230,928)|
|Designated
Designated|- Investment
"Free Fund"
Fund —Archaeology||||5.250
horn|(1.022)
(4.085)||21,591|25,819
(4,085)|
||||||20,918|(271,887)||41,775|(209,194)|
|Restricted funds||||||||||
|Library Fund||||||||||
|Endowment|funds|||||||||
|The National|Heritage|Memorial||Fund|126,217|(24.944)|505,568||606,841|
|Investments||||||||||
|TOTAL FUNDS|||||147.135|(296,831)|547.343||397.647|
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|||||||||Unapplied
Total||
|---|---|---|---|---|---|---|---|---|---|
||||||||Endowment|Re&Upi|Total|
|At the beginning||ofthe reporting|||period|||||
|Permanent
Endowment|||||||2,000,000||2,000,000|
|Unapplied
Total|Return|||||||3229 254|3,229,254|
||||||||2,000,000|3,229,254|5 229 254|
|Movements
in the reporting||||period||||||
|Investmenl
return||- dividends||encl|interest|||205,220|205,220|
|Inveslmenl
return||-realised|encl unrealised|||||||
|gahls F1(Losses)||||||||(535,664)|(535664)|
|Less: Investment||managmnenl||cosls||||(9,111)|(9,111)|
|Tolal movements||||||||(339,555)|(339,555)|
|496 total return|paid to Unrestricted|||||funds||(198900)|(198900)|
|Net movement|in reporting|||period||||(538455)|(538,455)|
||||||||2,000,000|2,6'70,799|4,690,799|
##
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|Endowed
Fund|—Total Return|—Total Return||Year Ending 31.12.2021|Year Ending 31.12.2021||
|---|---|---|---|---|---|---|
||||||Unapplied
Total||
|||||Endowment|Return|Total|
|At the beginning|ofthe reporting
period||||||
|Permanent
Endowment||||2,000,000||2,000,000|
|Unapplied
Total|Return||||2,821,591|2,821,591|
|||||2,000,000|2,821.591|4.821,591|
|Movements
in the reporting||period|||||
|Investment
return
- dividends||and interest|||126.217|126,217|
|Investment
return
-realised and unrealised|||||||
|gains 6 llosses)|||||505,568|505,568|
|Less Investment|management|costs|||(24,944)|(24.944)|
|Total movements|||||606.841|606,841|
|4N total return|paid to Unrestricted||funds||(199.178)|(199,178)|
|Net movement|in reporting|period|||407.663|407.663|
|||||2,000,000|3,229,254|5,229,254|
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