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2022-12-31-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 11to 25

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Notes 2022 2021
Fixed assets
Investments 1,800,349 2,003,269
Current assets
Debtors due within one year 15 8,246 8,259
Stock 11,280 11,558
Cash at bank and in hand 16 ~97 2 ~1192 5
117,128 139,102
Creditors:
amounts		 falling due
within one year 17 ~25 990 33276
Net current assets 91 1 105 826
Total assets less
current liabilities
Expendable
Endowment		 funds 19 79,455 81,651
Unrestricted
funds		 20 52,821 59,203
Designated
funds		 21 150,467 170,110
Restricted
funds		 22 321,294 336,480
Permanent
Endowment		 funds 23 1 287450 ~1461 51
18

Total Total
Unrestricted Endowment Restricted Funds Funds
Funds
f		 Funds
f		 Funds
f		 2022f 2021f
Permanent Endowment income
1993Scheme (note 25) 31,671 31,671 30,600
Permanent Endowment income 7,473 5,399 12,872 12,273
Restoration interest 2,974 2,974 35
Other interest 270 270 29
Tax refund
3. Donations and legacies
Total Total
Unrestricted Endowment Restricted Funds Funds
Funds
f		 Funds
f		 Funds
f		 2022f 2021f
Restoration fundraising
Other 4,352 4,352 8,382
Legacies 18052
4.
Festival		 income
Total Total
Unrestricted Endowment Restricted Funds Funds
Funds
f		 Funds
f		 Funds
f		 2022f 2021f
Annual
summer		 festival 1,130 1,130 1,247
Christmas
tree festival		 ~727 ~727 4676
5. Other income
Total Total
Unrestricted Endowment Restricted Funds Funds
Funds
f		 Funds
f		 Funds
f		 2022f 2021f
Rent received 1,043 1,043 1,771
Wayleave
received		 27 27 30
Administration charge for
3administered charities 225 225 225
Sundry receipts 29 529 500
6. Cost ofother trading activities
Total Total
Unrestricted Endowment Restricted Funds Funds
Funds
f		 Funds
f		 Funds
f		 2022f 2021f
Cost ofshop sales 278 278 1,073
Fundraising costs
Festival expenses:
Annual
summer		 festival 257
Christmas tree festival 1 494 1 494 1 II022

7. Grants payable
Total Total
Unrestricted Endowment Restricted Funds Funds
Funds Funds Funds 2022 2021
2 2 2 2 8
QECC (Exhibition Foundation) 1,891 1,891 2,319
Tuckfield
United Schools		 407 407 399
PCC Crediton 200 200
PCC Exminster 457 457 608
PCC Yeoford 71 71 137
Tuckfield Episcopal School 109
Relief in need —Crediton
Relief in need —Exminster 44 44 54
Relief in need —Sandford 44 44 54
Vicar of Crediton 400 400 400
Assistant
Clergy		 200 200 200
Rector of Exminster 250 250 250
Rector of Sandford 200 200 200
Posbury 99 99 193
Bodley and Elston 2,798 2,798 2,745
St Boniface, Knowle 1 037 1 037
8.
Support costs
Total Total
Unrestricted Endowment Restricted Funds Funds
Funds Funds Funds 2022 2021
2 2 2 2 2
Rent 100 100 100
Insurance 17,033 17,033 15,426
Churchyard
and car		 park 5,555 5,555 4,312
St Lawrence 3,050 3,050 55
Church repairs 366 11,172 11,538 330
Organ refurbishment/repairs 1,010 1,010 9,953
Exminster Glebe 50 50 100
Church
fabric		 4,982 4,982 557
Heritage Project ~11 28 ~11 62

Total Total
Unrestricted Endowment Restricted Funds Funds
Funds
2		 Funds Funds
2		 2022f 2021
2
Clerk to Governors 1,242 1,242 1,117
Accountancy 4,074 4,074 3,144
Payroll costs 180 180 171
Professional Fees 130 130 231
Sundry expenses 111 288 399 210
Bank charges 84 84 72
Advertising
10. Accountancy 10. Accountancy fees
2022 2021
2 2
Independent examination 2,037 1,572
Accountancy 2,037 1,572
Other

14.Fixed asset investments
2022f 2021f
Analysis of change in investments during year
Valuation
at 1 January		 2,003,269 1,798,149
Additions 7,552 19,500
Disposal proceeds
Net gains/(losses)		 (366)
~21
106		 (5,500)
191120
Valuation
at 31 December
15.Debtors due within one year
2022f 2021f
Giff aid and tax reclaimable
Interest receivable 622
Prepayments
Other debtors		 7624 ~20
16.Cash at bank and in hand
2022f 2021f
NatWest
Bank —Current Account		 1,543 5,670
NatWest
Bank —Business Reserve		 Account 49,905 56,071
CBFChurch of England
- Deposit Fund Account		 25,000 25,000
NatWest
Bank —re Restoration		 Committee 21 154 32544
17.Creditors
2022f 2021f
Money held by the Governors and owed to charities
administered
by them (note 24)		 8,515 13,845
Monies due in line with the 1993scheme (note 26) 12,804 12,049
Other creditors 933 4,238
Accruals 3738 3144
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24. Charities administer ed
by the Governors
(not in the 1993Sc		 ed
by the Governors
(not in the 1993Sc		 ed
by the Governors
(not in the 1993Sc		 heme)
Benjamin Wood Cleave (Charity Reg. No. 254009) 2022f 2021f
Investment
income		 1,742 1,662
Grants paid
Administration
charge
Net incoming resources
Gain/(loss)
on investments		 (750)
~75)
917
~7665		 (1,500)
~75)
87
8214
Net movement
in funds		 (6,748) 8,301
Balance at 1 January 68914 60613
Balance at 31 December
Money held by governors (see below) 3,894 2,977
COIF investment 58272 65937
Assets held at 31December
Benjamin Cleave re. Haywards
(Charity Reg. No. 306761)		 2022f 2021f
Investment
income		 1,071 1,016
Grants paid
Administration
charge		 (197)
~75		 (115)
~75
Net incoming resources
Gain/(loss)on
investments		 799
~4886		 826
4920
Net movement
in funds
Balance at 1 January		 (4,087)
44 673		 5,746
~327
Balance at 31 December
Money held by governors
COIF investment		 (see below) 2,018
~38568		 5,219
34454
Assets held at 31December
Dunn 6 Thomas Foundation (Charity Reg. No. 306655) 2022f 2021f
Investment
income		 1,429 1,365
Grants paid
Administration
charge
Net incoming resources
Gain/(loss)
on investments		 (400)
~75
954
~6465		 (540)
~75)
750
6614
Net movement
in funds		 (5,511) 7,364
Balance at 1 January 58 6883 51319
Balance at 31 December
Money held by governors (see below) 2,603 5,649
COIF investment 50569 533I34
Assets held at 31 December
2022f 2021f
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 me
2022 2021
2 2
Endowment
Income		 31,671 30,600
Less:
Fee farm rent (100) (100)
Insurance (17,033) (15,426)
Crediton repair fund (3,200) (3,200)
Exminster
repair fund		 (800) (800)
Clerk's honorarium (1,242) (1,117)
Clerk's expenses
Accountancy
and		 examination (194)
~3699		 (189)
~3144)
2 2 8 323976)
Balance to be distributed
7/20'" to Crediton Educational
Foundation
(QECC)		 1,891 2,318
13/20s Divided
5%Relief in need: Crediton 88 108
Exminster 44 54
Sandford 54
176 216
Vicar of Crediton 400 400
Assistant
Clergy		 200 200
Rector of Exminster 250 250
Rector ofSandford 200 2tt0
1,050 1,050
80%Balance for Crediton 1,829 2,432
20% Balance for Exminster 457 608
~22 6 3040

2022 2021
Crediton Educational Foundation (QECC) 2020 bal 1
2021 28 2,318
2022 1 891
1,919 2,319
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 54
2022 44
609 565
- Sandford 2013 84
2014 60
2015 57
2016 47
2017 59
2018 48
2019 44
2020 41
2021 54 54
2022 44
98
20%Balance for Exminster 2016bal 65 65
2017 634 634
2018 407 407
2019 336 336
2020 321 321
2021 608 608
202 457
2,828 2,371
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 1,050
2022 1 000
~7350 6300