2022-12-31-accounts - M S C Charity Trust

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FORTHE YEAR ENDED 31STDECEMB	ER 2022
				2022	2021
		Unrestricted	Restricted	Total	Total
		fund	fund	funds	fih0ds
	Notes	f,		E
INCOME AND ENDOWMENTS FROM
Donations and legacies		395		395	45,214
Investment income		29,692		29,692	70,657
Revaluation ofproperties		80 000		00000
Total		110,087		110087	115871
EXPENDITURE ON
Letting ofproperties	4	7,315		7,315	34,247
Charitable activities
Donations					205,665
Subsistence grants for priests Premises and support costs Administration costs		7,500 3,382 19,585		7,500 3,382 19,585	37,500 13,651 33,572
Gift to StAlbans Parish		405,000		405,000
Total		442 702		442 702	324,635
Transfer ofassets to MSC Charity Trust		3,643,492		~3.643,492
NET INCOME/(EXPENDITURE)		(3,976,187)		(3,976,187)	(208,764)
RECONCILIATION OFFUNDS
Total funds brought forward		3,976,187		3,976,187	4,184,951
TOTAL FUNDS CARRIED FORWARD					3 976 187

BALANCESHEET 31STDECEMBER 2022
				2022	2021
		Unrestricted	Restricted	Total	Total
		fund	fund	funds	funds
	Notes
FIXEDASSETS
Tangible assets					3,430,062
CURRENT ASSETS
Debtors					820,469
CREDITORS
Ainounts falling due within one year					(274,344)
NET CURRENT ASSETS					646 129
TOTAL ASSETSLESSCURRENT
LIABILITIES					3,976,187
NET ASSETS					3,976,187
FUNDS	10
Unrestricted funds					9976 167
TOTAL FUNDS					3,976,187

2.	DONATIONS AND LEGACIES
		2022	2021
		k	6
	Donations	395	~45 14
3.	INVESTMENT INCOME
		2022	2021
		K
	Rents received	29,692	69,253
	Deposit account interest		1404
		~29 692	70,657
	LETTING OFPROPERTIES
	Property costs	2022	2021
	Light and heat Rates and water	751 I+48	1,721 2,481
	Repairs and maintenance Ground rent and service charges Management fees	2,171 1,047 1,998	22,864 2,666 4,515
		7,315	34247

S TOTHE FINANCIAL STATEMENTS -continued THE YEAR ENDED 31STDECEMBER 2022	S TOTHE FINANCIAL STATEMENTS -continued THE YEAR ENDED 31STDECEMBER 2022
COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES
	Unrestricted	Restricted	Total
	fund	fund	funds
INCOME AND ENDOWMENTS FROM
Donations and legacies	44,442	772	45,214
investment income	70,657		70 637
Total	115,099	772	115,871
EXPENDITURE ON
Letting ofproperties	34,247		34,247
Charitable activities
Donations	190,000	15,665	205,665
Subsistence grants for priests Premises and support costs Administration costs	37,500 13,651 33,572		37,500 13,651 33,572
Total	300370	35,663	320633
NET INCOME/(EXPENDITURE)	(193,871)	(14,893)	(208,764)
RECONCILIATION OF FUNDS
Total funds brought forward	4,170,058	14,893	4,184,951
TOTAL FUNDS CARRIED FORWARD	3,976,187		3,976,187

TANGIBLE FIXEDAS	SE	TS
						Fixtures,
						fittings
			Freehold		Other	and
		investment			treehold	computer
			property		property	equipment	Totals
					g		6
COST ORVALUATION At 1stJanuary 2022 Disposals Revaluations		2,675,000 (2,755,000) 80000			755,000 (755,000)	74,597 (74,597)	3,504,597 (3,584,597) $0,000
At 31stDecember 2022
DEPRECIATION
At 1stJanuary 2022 Eliminated on disposal						74,535 ~74,53	74,535 ~74 030
At 31stDecember 2022
NET BOOK VALUE
At 31stDecember 2022
At 31stDecember 2021		2	675	000	755,0DD	62	3430,062
Cost or valuation at 31stDecember 2022 is represented				by:
Freehold investment property		includes the following:					At valuation
Farmland							1,200,000
East Lodge, Princethorpe The Retreat Centre, Princethorpe							425,000 725,000
Gardener's Cottage, Princethorpe							325 000
							02675000
Other 1'reehold property includes the following:							At valuation
							5
2 Vita House, Charrington	Place, StAlbans						350,000
The Presbytery, Beaconsfield		Road, StAlbans					405000
							755,000

FO	RTHE YEAR ENDED 31STDECEMBER2022	RTHE YEAR ENDED 31STDECEMBER2022	RTHE YEAR ENDED 31STDECEMBER2022	RTHE YEAR ENDED 31STDECEMBER2022	RTHE YEAR ENDED 31STDECEMBER2022
8.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
						2022	2021
						E	f,
	Other debtors Prepayments and accrued income						814,132 ~6337
							~820469
9.	CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR
						2022	2021
	Other creditors						268,403
	Accruals and	deferred income					5,941
							~274 344
10.	MOVEMENT IN FUNDS
						Net
						movement	At
					At 1.1.22	in funds	31.12.22
							f,
	Unrestricted	funds
	General fund				3,976,187	(3,976,187)
	TOTAL FUNDS				3976 187	3976,187
	Net movement	in funds, included		in the above are as follows:
				Incoming	Resources	Gains and	Movement
				resources	expended	losses	in funds
	Unrestricted	funds
	General fund			110,087	(442,782)	(3,643,492)	(3,976,187)
	TOTAL FUNDS			118D87	442,782	3643,492	3,976,18
	Comparatives	for movement	in funds
						Net
						movement	At
					At 1.1.21	in funds	31.12.21
	Unrestricted	funds
	General fund				4,170,058	(193,871)	3,976,187
	Restricted funds
	MSC South Africa Fund				14,893	(14,893)
	TOTAL FUNDS				4,184,95 1	~2D8,764	3976,187

Comparative net movement in funds, included	in the above are as follows:
	Incoming	Resources	Movement
	resources	expended	in funds
Unrestricted funds
General fund	115,099	(308,970)	(193,871)
Restricted funds
MSC South Africa Fund	772	(15,665)	(14,893)
TOTAL FUNDS	115,871	~324635	~208764