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2021-12-31-accounts

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 11 to 25

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Notes 2021 2020
Fixed assets
Investments 14 2,003,269 1,798,149
Current assets
Debtors due within one year 15 8,259 5,244
Stock 11,558 12,631
Cash at bank and in hand 16 119285 100734
139,102 118,609
Creditors:
amounts		 falling due
within one year 17 ~33276) $30985)
Net current assets 105826 87 624
Total assets less
current liabilities
Expendable
Endowment		 funds 19 81,651 73,229
Unrestricted
funds		 20 59,203 48,329
Designated
funds		 21 170,110 155,173
Restricted funds 22 336,480 320,232
Permanent
Endowment		 funds 23 1 461 651 1 288810
18

Total Total
Unrestricted Endowment Restricted Funds Funds
Funds Funds Funds 2021 2020
2 2 2 2 2
Permanent Endowment income
1993Scheme (note 25) 30,600 30,600 28,967
Permanent Endowment income 7,281 4,992 12,273 10,312
Restoration interest 35 35 462
Other interest 29 29 176
Tax retund
3. Donations and legacies
Total Total
Unrestricted Endowment Restricted Funds Funds
Funds Funds Funds 2021 2020
2 2 2 2 f
Restoration fundraising
Other 8,382 8,382 21,302
Legacies 18052 18052 52814
4.
Festival		 income
Total Total
Unrestricted Endowment Restricted Funds Funds
Funds Funds Funds 2021 2020
2 f 2 2 2
Annual
summer		 festival 1,247 1,247 1,483
Christmas tree festival ~4676 4676 80
5. Other income
Total Total
Unrestricted Endowment Restricted Funds Funds
Funds
2		 Funds
2		 Funds
2		 2021f 2020
2
Rent received 1,771 1,771 1,208
Wayleave received 30 30 27
Administration charge for
3 administered
Sundry receipts		 charities 225 500 225
500		 225
~00
6.
Cost of		 other trading activities
Total Total
Unrestricted Endowment Restricted Funds Funds
Funds Funds Funds 2021 2020
2 2 2 2 2
Cost of shop sales 1,073 1,073 1,978
Fundraising costs
Festival expenses:
Annual
summer		 festival 257 257 155
Christmas tree festival ~1002 1 002 60

7. Grants payable
Total Total
Unrestricted Endowment Restricted Funds Funds
Funds Funds Funds 2021 2020
2 2 2 2 2
QECC (Exhibition Foundation) 2,319 2,319 1,788
Tuckfield
United Schools		 399 399 392
PCC Crediton
PCC Exminster 608 608 421
PCC Yeoford 137 137
Tuckfield Episcopal School 109 109 109
Relief in need —Crediton
Relief in need —Exminster 54 54 41
Relief in need —Sandford 54 54 41
Vicar of Crediton 400 400 400
Assistant
Clergy		 200 200 200
Rector of Exminster 250 250 250
Rector of Sandford 200 200 200
Posbury 193 193
Bodley and Elston 2,745 2,745 2,694
Vicar of Exminster Trust
Roof Appeal
8.
Support costs
Total Total
Unrestricted Endowment Restricted Funds Funds
Funds Funds Funds 2021 2020
2 2 2
Rent 100 100 100
Insurance 15,426 15,426 15,344
Churchyard
and car		 park 4,312 4,312 4,560
St Lawrence 55 55 1,062
Ch ~h 330 330 813
Organ
refurbishment~/re		 airs 315 9,638 9,953 594
Exminster Glebe 100 100
Church fabric 557 557 497

Total Total
Unrestricted Endowment Restricted Funds Funds
Funds Funds Funds 2021 2020
2 2 2 2 2
Clerk to Governors 1,117 1,117 1,242
Accountancy 3,144 3,144 3,000
Payroll costs 171 171 172
Professional Fees 231 231
Sundry expenses 60 150 210 54
Bank charges 72 72 67
Advertising
10.
Accountancy		 10.
Accountancy		 fees
2021 2020
2
Independent examination 1,572 1,500
Accountancy 1,572 1,500
Other

2021 2020
2 2
Analysis of change in investments during year
Valuation at 1 January 1,798,149 1,617,480
Additions 19,500 97,314
Disposal proceeds (5,500)
Net gains/(losses) 191 120 83355
Valuation at 31 December
15.Debtors due within one year
2021 2020
2 6
Gift aid and tax reclaimable 87
Interest receivable 3
Prepayments
Other debtors 8250 5 154
16.Cash at bank and in hand
2021 2020
2 9
NatWest Bank —Current Account 5,670 5,833
NatWest Bank —Business Reserve Account 56,071 49,635
CBFChurch of England - Deposit Fund Account 25,000 25,000
NatWest Bank —re Restoration Committee 32544 20266
17.Creditors
2021 2020
2 2
Money held by the Governors and owed to charities
administered
by them		 (note 24) 13,845 17,181
Monies due in line with the 1993scheme (note 26) 12,049 9,577
Other creditors 4,238 1,233
Accruals 3 144 2994
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24. Charities administere d
by the Governors
(not in the 1993Sc		 d
by the Governors
(not in the 1993Sc		 d
by the Governors
(not in the 1993Sc		 heme)
Benjamin Wood Cleave (Charity Reg. No. 254009) 2021 2020
2 2
Investment
income		 1,662 1,521
Grants paid
Administration
charge
Net incoming resources		 (1,500)
~75)
87		 ~75)
1,446
Gain/(loss)
on investments		 8214 3071
Net movement
in funds		 8,301 4,517
Balance at 1 January 60613 56096
Balance at 31 December
Money held by governors (see below) 2,977 7,890
COIF investment 65937 52 723
Assets held at 31 December
Benjamin Cleave re. Haywards
(Charity Reg. No. 306761)		 2021 2020
2 2
Investment
income		 1,016 996
Grants paid
Administration
charge
Net incoming resources		 (115)
~75)
826		 (55)
~75)
866
Gain/(loss)on
investments		 4920 2012
Net movement
in funds		 5,746 2,878
Balanceat1
January		 38927 36049
Balance at 31December
Money held by governors (see below) 5,219 4,393
COIF investment 39454 34534
Assets held at 31 December
Dunn 8 Thomas Foundation (Charity Reg. No. 306655) 2021 2020
2 2
Investment
income
Grants paid
Administration
charge
Net incoming resources		 1,365
(540)
~75
750		 1,339
(403)
~75)
861
Gain/(loss)
on investments		 6614 2 704
Net movement
in funds		 7,364 3,565
Balance at 1 January 51319 47 754
Balance at 31 December
Money held by governors (see below) 5,649 4,898
COIF investment 53034 46421
Assets held at 31 December
2021 2020
2 2
Total monies held by the governors and owed to charities
administered
by them		 (note 17)

25.Share of perma nent
endowment
inc		 ome under 1993sche me
2021 2020
2 2
Endowment
Income		 30,600 28,967
Less:
Fee farm rent (100) (100)
Insurance (15,426) (15,344)
Crediton
repair fund		 (3,200) (3,200)
Exminster
repair fund		 (800) (800)
Clerk's honorarium (1,117) (1,242)
Clerk's expenses
Accountancy
and		 examination (189)
~3144)		 (172)
~3000
~23976) 23858
Balance to be distributed
7/20'" to Crediton Educational
Foundation
(QECC)		 2,318 1,788
13/20'" Divided
5% Relief in need: Crediton 108 83
Exminster 54 41
Sandford 54 41
216 165
Vicar of Crediton 400 400
Assistant
Clergy		 200 200
Rector of Exminster 250 250
Rector of Sandford 200 200
1,050 1,050
80% Balance for Crediton 2,432 1,685
20%Balance for Exminster 608 421
3040 2 106

2021 2020
2 2
Crediton Educational Foundation (QECC) 2020 bal 1 1,613
2021 2318
2,319 1,613
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 41
2021 54 .
'
565 511
- Sandford 2013 84 84
2014 60 ' 60
2015 57 57
2016 47; 47
2017 59 59
2018 48 48
2019 44 44
2020 41 41
2021 54
494 440
20% Balance for Exminster 2016bal 65 65
2017 634 634
2018 407 407
2019 336 336
2020 321 321
2021 608,
2,371 1,763
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 1,050
2021 1 050
6 300 5250