## ||||Page| |---|---|---|---| |Trustees'|Annual
Report||1to5| |Statement|ofTrustees'|Responsibilities|| |Independent
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YlI0| ## ## ||||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| |||||||||||||||h||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||8
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Cdn.|| ## ## |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|