||||~Pa e|
|---|---|---|---|
|Trustees'<br>annual<br>report||||
|Independent<br>Examiners'||report||
|Balance sheet||||
|Statement offinancial|activities|||
|Notes to the accounts|||5 —6|





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|||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|





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|||2020|2019|
|---|---|---|---|
|INCOME AND EXPENDITURE||General<br>Fund|General Fund|
|INCOMING RESOURCES||||
|interest received||404|688|
|Dividends<br>received||30,337|29,139|
|||30,741|29,827|
|RESOURCES EXPENDED||||
|Direct charitable<br>expenditure:—||||
|Grants|13,232||23,308|
|Other charitable<br>expenditure:-||||
|Accountancy<br>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<br>gain/(loss)<br>on investment|assets|71,959|157,940|
|NET MOVENIENT<br>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)||||





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|The Trustees<br>retained<br>the investme<br>FIXEDASSET INVESTMENTS|nt<br>policy|of investing<br>in share|and interest-e|arning|accoun|ts.|
|---|---|---|---|---|---|---|
|||2020|2019||||
|Quoted<br>investments|||||||
|Balance at 1 January 2020||1,011,017|833,077||||
|Investment<br>additions|||20,000||||
|Net unrealised<br>investment<br>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<br>investment<br>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|





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|OUTSTAND|ING<br>GRANTS||||
|---|---|---|---|---|
||||2020|2020|
|At the year|end, expenditure|had been|||
|authorised|but not yet paid|of|E5,500|EO|