| ~Pa e | |||
|---|---|---|---|
| Trustees' annual report |
|||
| Independent Examiners' |
report | ||
| Balance sheet | |||
| Statement offinancial | activities | ||
| Notes to the accounts | 5 —6 |
| Notes | 2020 | 2019 | ||||
|---|---|---|---|---|---|---|
| FIXEDASSETS | ||||||
| Investments | 1,082,976 | 1,011,017 | ||||
| CURRENT ASSETS | ||||||
| Cash at bank | 119,770 | 103,365 | ||||
| LIABILITIES:Amounts | falling | |||||
| due within one year | 4 | 1,182 | 1,135 | |||
| NET CURRENT ASSETS | 118,588 | 102,230 | ||||
| E1,201,564 | E1,113,247 | |||||
| FUNDS | ||||||
| Unrestricted:- | ||||||
| Capital | 803,458 | 780,505 | ||||
| Distributable | 398,106 | 332,742 | ||||
| E1,201,564 | E1,113,247 |
| 2020 | 2019 | ||
|---|---|---|---|
| INCOME AND EXPENDITURE | General Fund |
General Fund | |
| INCOMING RESOURCES | |||
| interest received | 404 | 688 | |
| Dividends received |
30,337 | 29,139 | |
| 30,741 | 29,827 | ||
| RESOURCES EXPENDED | |||
| Direct charitable expenditure:— |
|||
| Grants | 13,232 | 23,308 | |
| Other charitable expenditure:- |
|||
| Accountancy fee |
1,151 | 1,136 | |
| Bank charges | |||
| Sundry expenses | |||
| TOTAL RESOURCES EXPENDED | 14,383 | 24,444 | |
| NET INCOIIING RESOURCES FOR | THE YEAR | 16,358 | 5,383 |
| OTHER RECOGNISED GAINS AND | LOSSES | ||
| Unrealised gain/(loss) on investment |
assets | 71,959 | 157,940 |
| NET MOVENIENT IN FUNDS |
88,317 | 163,323 | |
| BALANCE BROUGHT FORWARD | 1,113,247 | 949,924 | |
| BALANCE CARRIED FORWARD | E1,201,564 | f1,113,247 | |
| (See Note 5) |
| The Trustees retained the investme FIXEDASSET INVESTMENTS |
nt policy |
of investing in share |
and interest-e | arning | accoun | ts. |
|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||
| Quoted investments |
||||||
| Balance at 1 January 2020 | 1,011,017 | 833,077 | ||||
| Investment additions |
20,000 | |||||
| Net unrealised investment gain/(loss) |
71,959 | 157,940 | ||||
| Market value at 31 December 2020 | E1,082,976 | E1,011,017 | ||||
| Historical cost.as at 31 December | 2020 | F463,648 | F463,648 | |||
| The above investment represents |
52,860.85 (2019 —52,860.85) shares | in the | Central | Board of | ||
| Finance ofthe Church of England | Investment | Fund. |
| 4. | LIABILITES Falling due within one year: | LIABILITES Falling due within one year: | 2020 | 2019 | |
|---|---|---|---|---|---|
| Accruals | E1,182 | E1,135 | |||
| 5. | UNRESTRICTED FUNDS | ||||
| ~Ca ital | Distributable | Total | |||
| Balance | b/fwd | 780,505 | 332,492 | 1,113,247 | |
| Net flow | for the year (page 4) | 88,317 | 88,371 | ||
| Inflation | protection | 22,953 | (22,953) | ||
| Balance | c/fwd | 2803,458 | F398,106 | E1,201,564 |
| OUTSTAND | ING GRANTS |
|||
|---|---|---|---|---|
| 2020 | 2020 | |||
| At the year | end, expenditure | had been | ||
| authorised | but not yet paid | of | E5,500 | EO |