| CONTENT | |
|---|---|
| Trustees' Annual Report |
|
| Statement ofFinancial Activities for the Year 2020 | |
| Balance Sheet at31December 2020 | |
| Notes to the Accounts | |
| Independent Examiner's |
Report to the Trustees |
| Unmstrtcted | Permanent Endovnnent |
Un~ | Permanent Endowment |
||||||
|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Total Funds | Funds | Funds | Total Furufs | ||||
| 2020 | 2020 | 2020 | 2019 | 2019 | 2019 | ||||
| E | E | E | E | f | |||||
| Income and endmlments | from: | ||||||||
| Investments | |||||||||
| CBFInvestment Fund income |
39,212 | 39,212 | - | 38,071 | 38,071 | ||||
| CBFProperty | Fund Income | 4,834 | 4,834 | 5,500 | 5,500 | ||||
| CBFInterest | 11 | 11 | 15 | 15 | |||||
| TOTAL INCOIIE | 11 | 44,046 | 44,057 | 15 | 43,572 | 43,586 | |||
| Expenditure on |
|||||||||
| Chantable activities | |||||||||
| Donations toStStephen's | Church | 44,000 | 44,000 | 44,000 | 44,000 | ||||
| Management/Administration | Expenses | 419 | 419 | 403 | 403 | ||||
| TOTAL EXPENDITURE | 44,419 | ¹4,419 | 44,403 | 44,403 | |||||
| Net income/(expenditure) | before investment | gains | (44,408) | 44,046 | (362) | (44,388) | 43,572 | (817) | |
| NET GAINS ON INVESTIIENTS | |||||||||
| Unrealised gains/(losses) |
on investments | 85,055 | 85,055 | 203,668 | 203,668 | ||||
| NET INCOIIE/(EXPENDITURE) | (44,408) | 129,101 | 84,693 | (44,388) | 247,239 | 202,851 | |||
| Fund Transfers | 44,046 | (44,046) | 43,571 | (43,571) | |||||
| NET IIOVENENT IN FUNDS | (362) | 85,Q55 | 84,693 | (817) | 203,668 | 202,851 | |||
| Reconciliation ofFunds: |
|||||||||
| FUNDS BROUGHT FORWARD AT1.140 | 7,222 | 1,410,557 | 1,417,779 | 8,Q39 | 1,206,889 | 1,214,928 | |||
| FUNDS CARRIED FORWARD AT31.12.20 | 6,860 | 1,495,612 | 1,502,472 | 7,222 | 1,410,557 | 1,417,779 |
| BALANCE SHEET AT 31DECEWIBER 2020 | BALANCE SHEET AT 31DECEWIBER 2020 | |||
|---|---|---|---|---|
| Note | 2019 | |||
| FIXEDASSETS | ||||
| Fixed Asset Investments | 1,495„612 | 1,410,557 | ||
| TOTAL FIXEDASSETS | 1,495,612 | 1,410,557 | ||
| CURRENT ASSETS | ||||
| Barclays Bank | 4,797 | 5,166 | ||
| CBFDeposit Fund | 2,000 | 2,000 | ||
| Accounts receivable 8 | prepayments | 164 | 156 | |
| Total Current Assets |
6,960 | 7,322 | ||
| LIABILITIES | (100) | (100) | ||
| NET CURRENT ASSETS | 6,860 | 7,222 | ||
| TOTAL NFT ASSETS | 1,502,472 | 1,417,779 | ||
| Funds ofthe charity: | ||||
| General Funds (Unrestricted) | 6,860 | 7,222 | ||
| Permanent Endowment |
Fund | 1,495,612 | 1,410,557 | |
| TOTAL FUNDS | 1,502,472 | 1,417,779 |
| 2020 | 2019 | |||
|---|---|---|---|---|
| E | E | |||
| Carrytnq (Fair) Value ofInvestments |
at 1 January 2020 | 1,410,557 | 1,206,889 | |
| Net unrealised gain/goss) |
on revaluation | 85 055 | 203 668 | |
| Carrying (Fair) Value at31 Oecember |
2020 | 1,495,612 | 1,410,557 | |
| Investments are held in the following: |
||||
| CBFChurch ofEngland | Investment Fund Income Shares |
1,399,810 | 1,309,743 | |
| CBFChurch ofEngland | Property Fund Income Shares |
S5,802 | 100,814 | |
| 1,495,612 | 1,410,557 | |||
| Total Cost ofInvestments | 1,003.168 | 1,003,168 |
| Note 3:An | alyskr ofNe | t Assets by Fund | ||||||
|---|---|---|---|---|---|---|---|---|
| Permanent | ||||||||
| Endownumt | ||||||||
| General Fund | Fund | Total 2019 | ||||||
| E | E | |||||||
| Fixed Asset Net Cu/rent |
investments Assets |
6860 | 1,495,612 - |
1,495,612 6860 |
||||
| 6,860 | 1,495612 | 1,502,472 | ||||||
| Note 4: Funds | ||||||||
| 2020 | 8/F 01/01/2020 | incoming Resources |
Expenditure | Gains | Trans/a/u | C/F 31/12/2020 | ||
| Permanent Endowment Fund General Fund (Unrestricted) |
1,410,557 7222 |
E. 44,046 11 |
E 44419 |
E 85,055 |
F (44,046) 44046 |
1,495,612 6860 |
||
| 1 417,779 | 44057 | 44419 | 85055 | - | 1 502 472 | |||
| 2019 | 8/F 01/01/201 0 | Incoming Resources |
Expenditure | Gains | Transfem | CIF31/12/2019 | ||
| Permanent Endowment Fund General Fund (Unrestricted) |
1,206,889 8039 1214928 |
E 43,571 15 43586 |
E 44403 44403 |
203,668 — 203668 |
E (43,57'I) 43571 - |
'l,410,557 7222 1417779 |