|||Page| |---|---|---| |Trustees'
Annual
Report||1to5| |Statement ofTrustees'|Responsibilities|| |Independent
Examiner's|Report|| |Statement of Financial|Activities|8&9| |Statement of Financial|Position|10| |Notes to the Financial Statements||11to 25| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |No.|1|F592,224| |---|---|---| |No.|2|830,280| |No.
No.|3
4|8207,086
f197,375| |COIF Investment|Fund||||| |---|---|---|---|---|---| |COIF Fixed Interest Fund|||||| |COIF Investment|Fund (formerly|Exminster Capital)|||| |Charles Stanley|&Co Ltd Discretionary||Portfolio (formerly|Exminster|Income)| ## ## ## ## ## ## ## ## ## ## ## ## ## |Ol
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Kl| ## ## ||||Notes||2020||2019| |---|---|---|---|---|---|---|---| |||||6||6|| |Fixed assets|||||||| |Investments|||14|||1,798,149|1,617,480| |Current assets|||||||| |Debtors due within one||year|15|5,244|||5,767| |Stock||||12,631|||13,904| |Cash at bank and in hand|||16|~1007 4|||111701| |||||118,609|||131,372| |Creditors:
amounts|falling due||||||| |within one year|||17|~30985|||28550| |Net current assets||||||87624|102822| |Total assets less|||||||| |current liabilities|||||||| |Expendable
Endowment||funds|19|||73,229|64,019| |Unrestricted
funds|||20|||48,329|42,541| |Designated
funds|||21|||155,173|123,576| |Restricted
funds|||22|||320,232|297,127| |Permanent
Endowment||funds|23|||1 288810|1 193039| ||||18||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||||||Total|Total| |---|---|---|---|---|---|---|---|---|---|---| ||||||Unrestricted||Endowment|Restricted|Funds|Funds| ||||||Funds||Funds|Funds|2020|2019| ||||||||K||E|| |Permanent|Endowment|||income||||||| |1993Scheme|||(note 25)|||||28,967|28,967|28,850| |Permanent|Endowment|||income|6,416|||3,896|10,312|10,110| |Restoration|interest|||||||462|462|1,035| |Other interest||||||176|||176|267| |Tax refund||||||||||| |3. Donations
and legacies||||||||||| ||||||||||Total|Total| ||||||Unrestricted||Endowment|Restricted|Funds|Funds| ||||||Funds||Funds|Funds|2020|2019| ||||||E||E|E|E|E| |Restoration|fundraising|||||||||| |Other||||||||21,302|21,302|68,530| |Legacies|||||24|814|28 000||52814|| |4.
Festival|income|||||||||| ||||||||||Total|Total| ||||||Unrestricted||Endowment|Restricted|Funds|Funds| ||||||Funds
E||Funds
E|Funds
f|2020
E|2019
K| |Annual
flower festival||||||||1,483|1,483|16,042| |Christmas
tree||festival||||||80|80|10375| |5. Other income||||||||||| ||||||||||Total|Total| ||||||Unrestricted||Endowment|Restricted|Funds|Funds| ||||||Funds||Funds|Funds|2020|2019| ||||||6||8||8|8| |Rent received|||||1,208||||1,208|1,800| |Wayleave
received||||||||27|27|21| |Administration||charge for||||||||| |3 administered|||charities|||225|||225|225| |Sundry receipts||||||||300|300|550| |6. Cost ofother|||trading|activities||||||| ||||||||||Total|Total| ||||||Unrestricted||Endowment|Restricted|Funds|Funds| ||||||Funds||Funds|Funds|2020|2019| ||||||6|||E|8|| |Cost ofshop|sales|||||||1,978|1,978|1 783| |Fundraising|costs|||||||||| |Festival expenses:||||||||||| |Annual
flower||festival||||||155|155|5,755| |Christmas|tree festival|||||||60|60|2 888| ## ## |7. Grants payable|||||||| |---|---|---|---|---|---|---|---| ||||||Total|Total|| |||Unrestricted|Endowment|Restricted|Funds|Funds|| |||Funds|Funds|Funds|2020|2019|| ||||6||6|6|| |QECC (Exhibition|Foundation)|||1,788|1,788|1,831|| |Tuckfield
United Schools||||392|392||384| |PCC Crediton|||||||| |PCC Exminster||||421|421||435| |PCC Yeoford|||||||67| |Tuckfield Episcopal School||||109|109||109| |Relief in need —Crediton|||||||| |Relief in need —Exminster||||41|41||44| |Relief in need —Sandford||||41|41||44| |Vicar ofCrediton||||400|400||400| |Assistant
Clergy||||200|200||200| |Rector of Exminster||||250|250||250| |Rector of Sandford||||200|200||200| |Posbury|||||||93| |Bodley and Elston||||2,694|2,694|2,638|| |Vicar of Exminster|Trust||||||| |RoofAppeal|||||||| |8.
Support costs|||||||| ||||||Total|Total|| |||Unrestricted|Endowment|Restricted|Funds|Funds|| |||Funds|Funds|Funds|2020|2019|| |||6|6|E||6|| |Rent||||100|100||100| |Insurance||||15,344|15,344|15,179|| |Churchyard
and car park
St Lawrence||1,062||4,560|4,560
1,062|5,320
217|| |Church
repairs||||813|813|2,807|| |Organ refurbishment/repairs||594|||594||312| |Church fabric||447||50|497|5|877| ||||||22m||| ## |9.
Governance costs|||||| |---|---|---|---|---|---| |||||Total|Total| ||Unrestricted|Endowment|Restricted|Funds|Funds| ||Funds|Funds|Funds|2020|2019| |||E|K|E|6| |Clerk to Governors|||1,242|1,242|1,242| |Accountancy|||3,000|3,000|2,904| |Payroll costs|||172|172|167| |Sundry expenses|6||48|54|259| |Bank charges|67|||67|82| |Advertising|||||| |No employee (201|No employee (201|9:zero) received emoluments
overf|60,000 in the year.|| |---|---|---|---|---| |10. Accountancy||fees||| ||||2020|2019| ||||E|| |Independent|examination||1,500|1,452| |Accountancy|||1,500|1,452| |Other||||| ## ||||OO (D
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in investments||during year||| |Valuation at 1 January|||1,617,480|1,351,392| |Additions|||97,314|74,500| |Disposal proceeds||||(2,478)| |Net gains/(losses)|||83355|194066| |Valuation at 31 December||||| |15.Debtors due within one year||||| ||||2020|2019| |||||6| |Gift aid and tax reclaimable|||87|1,758| |Interest receivable|||3|103| |Prepayments||||156| |Other debtors|||5 154|3750| |16.Cash at bank and in hand||||| ||||2020
E|2019
f| |NatWest
Bank —Current Account|||5,833|5,833| |NatWest Bank —Business Reserve Account
CBFChurch of England
- Deposit Fund Account|||49,635
25,000|44,893
25,000| |NatWest Bank —re Restoration|Committee||20 266|35975| |17.Creditors||||| ||||2020
6|2019
f| |Money held by the Governors|and owed to charities|||| |administered
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I- n.|| ## |24. Charities administered
by the Governors
(not in the 1993Sc|24. Charities administered
by the Governors
(not in the 1993Sc|24. Charities administered
by the Governors
(not in the 1993Sc|heme)|| |---|---|---|---|---| |Benjamin Wood Cleave (Charity Reg. No. 254009)|||2020|2019| ||||8|| |Investment
income
Grants
paid
Administration
charge
Net incoming
resources
Gain/(loss)
on investments|||1,521
~75
1,446
3071|1,491
~75
1,416
7532| |Net movement
in funds
Balance at 1 January
Balance at 31December|||4,517
56096|8,948
47 148| |Money held by governors (see below)
COIF investment
Assets held at 31December|||7,890
52723|6,444
49652| |Benjamin Cleave re. Haywards
(Charity Reg. No. 308781)|||2020|2019| ||||8|| |Investment
income|||996|858| |Grants
paid
Administration
charge
Net incoming
resources|||(55)
~75
866|(37)
~75
746| |Gain/(loss)on
investments|||2012|4267| |Net movement
in funds
Balance at 1 January
Balance at 31December|||2,878
36049|5,013
31036| |Money held by governors (see
COIF investment
Assets held at 31December|below)||4,393
34534|3,527
32 522| |Dorm 8 Thomas Foundation|(Charity Reg. No. 308855)||2020|2019| ||||8|8| |Investment
income
Grants paid
Administration
charge
Net incoming resources|||1,339
(403)
~75
861|1,312
(500)
~75
737| |Gain/(loss)
on investments|||2 704|6632| |Net movement
in funds
Balance at 1 January
Balance at 31December|||3,565
47 754|7,369
40 385| |Money
held by governors (see
COIF investment
Assets held at 31 December|below)||4,898
46421|4,037
43717| ||||2020
6|2019
f| |Total monies held by the governors||and owed to charities||| |administered
by them (note|17)|||| ## ## |25.Share ofperm|anent
endowment
inc|ome under 1993schem|e||| |---|---|---|---|---|---| ||||2020||2019| ||||||8| |Endowment
Income|||28,967||28,850| |Less:|||||| |Fee farm rent||(100)||(100)|| |Insurance||(15,344)||(15,179)|| |Crediton
repair fund||(3,200)||(3,200)|| |Exminster
repair fund
Clerk's honorarium
Clerk's expenses
Accountancy
and examination||(800)
(1,242)
(172)
~3000||(800)
(1,242)
(194)
~2904|| ||||23858||23619| |Balance to be distributed|||||| |7/20n to Crediton|Educational||||| |Foundation
(QECC)|||1,788||1,831| |13/20e Divided|||||| |5%Relief in need:|Crediton|83||88|| ||Exmin ster|41||44|| ||Sandford|41||44|| ||||165||176| |Vicar ofCrediton||400||400|| |Assistant
Clergy||200||200|| |Rector of Exminster||250||250|| |Rector ofSandford||200||200|| ||||1,050||1,050| |80%Balance for Crediton||1,685||1,739|| |20% Balance for Exminster||421||435|| ||||2 106||2 174| ## |||||||2020|2019| |---|---|---|---|---|---|---|---| |Crediton|Educational|Foundation|(QECC)|2017|(129)||(129)| |||||2018|(46)||(46)| |||||2019|||1,831| |||||2020|1 788||| |||||||1,613|1,656| |Relief in|need||||||| ||||Exminster|2012|71||71| |||||2013|84||84| |||||2014|60||60| |||||2015|57||57| |||||2016|47||47| |||||2017|59||59| |||||2018|48||48| |||||2019|44||44| |||||2020|41||| |||||||511|470| |||-|Sandford|2013|84||84| |||||2014|60||60| |||||2015|57||57| |||||2016|47||47| |||||2017|59||59| |||||2018|48||48| |||||2019|44||44| |||||2020|41||| |||||||440|399| |20% Balance for Exminster||||2012|472||472| |||||2013|1,061||1,061| |||||2014|712||712| |||||2015|661||661| |||||2016|503||503| |||||2017|634||634| |||||2018|407||407| |||||2019|336||336| |||||2020|~3023||| |||||||1,763|4,786| |Diocese|re Clergy Stipends|||2016|1,050||1,050| |||||2017|1,050||1,050| |||||2018|1,050||1,050| |||||2019|1,050||1,050| |||||2020|1 050||| |||||||5250|4200|