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2021-04-05-accounts

2021 2020
Unrestricted Endowment Total Total
fund funds funds funds
Notes
INCOME AND ENDOWMENTS FROM
Donations
and legacies
Investment
income		 242,855 242,855 265,205
Total 242,855 242,855 265,205
EXPENDITURE ON
Raising funds 2,906 2,906 2,692
Charitable
activities
Restoration ofChichester Cathedral 281,000 281,000 1,196
Total 283,906 283,906 3,888
Net gains/(losses)
on		 investments 1,419,139 1,419,139 ~727,0883
NET INCOME/(EXPENDITURE) (41,051) 1,419,139 1,378,088 (465,741)
RECONCILIATION OF FUNDS
Total funds brought forward 1,725,583 6,584,754 8,310,337 8,776,078
TOTAL FUNDS CARRIED FORWARD 1,684,532 8,003,893 9,688,425 8,310,337

2021 2020
Unrestricted Endowment Total Total
fund funds funds funds
Notes
FIXEDASSETS
Investments
Investments 8 1,597,557 7,642,907 9,240,464 7,778,130
Deeds ofgift 9 - 365,000 365,000 365,000
1,597,557 8,007,907 9,605,464 8,143,130
CURRENT ASSETS
Debtors
Cash at bank		 10 3,040
89,039		 ~4,0)4) 3,040
85,025		 1,920
169,415
92,079 (4,014) 88,065 171,335
CREDITORS
Amounts
falling due within one year		 (5,104) (5,104) (4,128)
NET CURRENT ASSETS 86,975 ~40)4) 82,961 167,207
TOTAL ASSETSLESSCURRENT
LIABILITIES 1,684,532 8,003,893 9,688,425 8,310,337
NET ASSETS 1,684,532 8,003,893 9,688,425 8,310,337
FUNDS 12
Unrestricted
funds		 1,684,532 1,725,583
Endowment
funds		 8,003,893 6,584,754
TOTAL FUNDS 9,688,425 8,310,337

2021 2020
Notes
Cash flows from operating
activities
Cash generated
from operations		 ~284,050) ~3,093)
Net cash used
in operating		 activities ~284,050) ~3,093)
Cash flows from investing activities
Purchase offixed asset investments (931,504) (450,563)
Sale offixed asset investments 888,309
Interest received 10,100 8,258
Dividends
received		 232,755 256,947
Net cash provided
by/(used		 in) investing activities 199,660 ~)85,358)
Change in cash and cash equivalents in
the reporting
period		 (84,390) (188,451)
Cash and cash equivalents at the
beginning
ofthe reporting		 period 169,415 357,866
Cash and cash equivalents at the end of
the reporting
period		 85,025 169,415

OPERATING ACTIVITIE S
2021 2020
Net income/(expenditure) for the reporting period (as per the
Statement ofFinancial Activities) 1,378,088 (465,741)
Adjustments
for:
(Gain)/losses
on investments		 (1,419,139) 727,058
Interest received (10,100) (8,258)
Dividends
received		 (232,755) (256,947)
Increase
in debtors		 (1,120) (489)
Increase
in creditors		 976 1,284
Net cash used in operations (284,030) ~3,093)

ANALYSIS OF CHANGES
IN NET		 FUNDS
At 6.4.20 Cash flow At 5.4.21
Net cash
Cash at bank 169,415 ~84,390) 85,025
169,415 ~84,390) 85,025
Total 169,415 $84,390) 85,025

DONATIONS
AND		 LE G ACIE S
2021 2020
Other donations
Gift aid
Major donations
received		 to 5 April 2021
As of
5.4.2021 As of 5.4.2020
Ian Watt Legacy 100,000 100,000
Lewis and Jacqueline Golden 250,100 250,100
Jeremy and Rona Smith 106,000 106,000
David and Mary Bowerman 250,000 250,000
Hans and Marit Rausing 129,870 129,870
The Ernest Kleinwort Charitable Trust 225,000 225,000
Cecil Gordon Brown 200,000 200,000
Gloria Abbey 100,000 100,000
Ian Askew 100,000 100,000
Richard Tompkins 107,651 107,651
The Monument
Trust		 100,000 100,000
Alan and Ann Bayne 102,841 102,841
Max and Caroline Egremont 100,000 100,000
Denise L Patterson 100,000 100,000
Terence and Rita Morrison-Scott 100,779 100,779
John and Jill Harris 91,042 91,042
Charles
Hunnisett		 100,000 100,000
Christian
and Gabriel		 Reed 100,000 100,000
The West Sussex County Council 100,000 100,000
Kathleen
Judd		 100,000 100,000
Hugh
and Jane Wyatt		 89,040 89,040
Michael Power 100,000 100,000
David and Prue Hopkinson via The Poling Charitable Trust 379,230 379,230
Mary Frances Clare Feaver Legacy 20,000 20,000
Patricia Routledge 25,000 25,000
Donald Buttress 10,000 10,000
3,186,553 3,186,553
Deeds ofGift
Verity Gunnery 100,000 100,000
Bryan and Tessa Pascoe 100,000 100,000
Patricia Routledge 75,000 75,000
Donald
and Eisa Buttress		 90,000 90,000
365,000 365,000
3,551,553 3,551,553

2021 2020
Dividend
income		 232,755 256,947
Deposit account interest 372 1,311
Investment manager refunds 9,728 6,947
242,855 265,205
4. RAISING FUNDS
Investment management costs
2021 2020
Investment custody costs 2,871 2,692
Support costs 35
2,906 2,692
5. CHARITABLE ACTIVITIES COSTS
Grant Support
funding of costs (see
activities note 5) Totals
Restoration ofChichester Cathedral 280,000 1,000 281,000
6. SUPPORT COSTS
Management
Investment management costs 35
Restoration ofChichester Cathedral 1,000
1,035
Support costs, included in the above, are as follows:
Restoration
Investment of 2021 2020
management Chichester Total Total
costs Cathedral activities activities
Insurance 54
Contribution towards administration 1,000 1,000 1,000
Data protection
fee		 35 35 35
Trustees'
remuneration		 etc 107
35 1,000 1,035 1,196

Trustees'
expenses
2021 2020
Trustees'
expenses		 107
FIXEDASSET INVESTMENTS
Listed
investments
MARKET VALUE
At 6th April 2020 7,778,130
Additions 931,504
Disposals (833,316)
Revaluations 1,364,146
At 5th April 2021 9,240,464
NET BOOK VALUE
At 5th April 2021 9,240,464
At 5th April 2020 7,778,130

Market value Market value
at 5.4.2021 at 5.4.2020
EcCuit Funds
MkG - Charifund 752,384
Sarasin Endowments Class A 7,642,907 5,465,988
BlackRock Sterling Liquid Fund - Accrued 1,597,557 1,559,758
9,240,464 7,778,130

9. DEEDSOFGIFT DEEDSOFGIFT
Major donations
payable		 on or before the death of the donors
2021 2020
Verity Gunnery 100,000 100,000
Bryan and Tessa Pascoe 100,000 100,000
Patricia Routledge 75,000 75,000
Donald and Eisa Buttress 90,000 90,000
365,000 365,000
10. DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
Other debtors 3,040 1,920
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
Chichester
Cathedral		 Restoration & Development Trust 4,413 3,413
Accruals
and deferred		 income 691 715
5,104 4,128

MOVEME NT IN FUN DS
Net
movement At
At 6.4.20 in funds 5.4.21
Unrestricted funds
Accumulated Income Fund 1,725,583 (41,051) 1,684,532
Endowment funds
Major donations 3,536,789 3,536,789
Other donations 176,753 176,753
Gift Aid 59,937 59,937
Investment income 830,365 830,365
Accumulated realised gains/(losses) on
investments 637,421 54,991 692,412
Accumulated unrealised gains/(losses) on
investments 1,343,489 1,364,148 2,707,637
6,584,754 1,419,139 8,003,893
TOTAL FUNDS 8,310,337 1,378,088 9,688,425
Incoming Resources Gains and Movement
resources expended losses in funds
Unrestricted funds
Accumulated Income Fund 242,855 (283,906) (41,051)
Endowment funds
Accumulated realised gains/(losses) on
investments 54,993 54,993
Accumulated unrealised gains/(losses) on
investments 1,364, 146 1,364, 146
1,419,139 1,419,139
TOTAL FUNDS 242,866 ~283,906) 1,419,139 1,378,088

Net
movement At
At 6.4.19 in funds 5.4.20
Unrestricted funds
Accumulated Income Fund 1,464,266 261,317 1,725,583
Endowment funds
Major donations 3,536,789 3,536,789
Other donations 176,753 176,753
Gift Aid 59,937 59,937
Investment income 830,365 830,365
Accumulated realised gains/(losses) on
investments 637,421 637,421
Accumulated unrealised gains/(losses) on
investments 2,070,547 ~727,058) 1,343,489
7,311,812 727,058 6,584,754
TOTAL FUNDS 8,776,078 ~465,741) 8,310,337
Incoming Resources Gains and Movement
resources expended losses in funds
Unrestricted funds
Accumulated Income Fund 265,205 (3,888) 261,317
Endowment funds
Accumulated unrealised gains/(losses) on
investments (727,058) (727,058)
TOTAL FUNDS 265,205 ~3,888) ~727,058) ~465,741)

Net
movement At
At 6.4.19 in funds 5.4.21
Unrestricted funds
Accumulated Income Fund 1,464,266 220,266 1,684,532
Endowment funds
Major donations 3,536,789 3,536,789
Other donations 176,753 176,753
Gift Aid 59,937 59,937
Invesment
income		 830,365 830,365
Accumulated realised gains/(losses) on
investments 637,421 54,991 692,412
Accumulated unrealised gains/(losses) on
investments 2,070,547 637,090 2,707,637
7,311,812 692,081 8,003,893
TOTAL FUNDS 8,776,078 912,347 9,688,425
Incoming Resources Gains and Movement
resources expended losses in funds
Unrestricted funds
Accumulated Income Fund 508,060 (287,794) 220,266
Endowment funds
Accumulated realised gains/(losses) on
investments 54,993 54,993
Accumulated unrealised gains/(losses) on
investments 637,088 637,088
692,081 692,081
TOTAL FUNDS 608,060 ~287,794) 692,081 912,347

2021 2020
INCOME AND ENDOWMENTS
Investment
income
Dividend
income		 232,755 256,947
Deposit account interest 372 1,3I I
Investment
manager		 refunds 9,728 6,947
242,855 265,205
Total incoming
resources		 242,855 265,205
EXPENDITURE
Investment
management		 costs
Investment
custody costs		 2,871 2,692
Charitable
activities
Grants to CCRDT 280,000
Support costs
Management
Insurance 54
Contribution
towards		 administration 1,000 1,000
Data protection
fee		 35 35
1,035 1,089
Governance
costs
Trustees'
expenses		 107
Total resources expended 283,906 3,888
Net (expenditure)/income before gains and
losses (41,051) 261,317
Realised recognised gains and losses
Realised gains/(losses) on fixed asset investments 54,993
Net income 13,942 261,317