||||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|