Wolborough Ecclesiastical Charity Annual Report Year Ended 31 December 2022
| Contents | Page | |
|---|---|---|
| Reference and Administration Details |
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| Trustees' Report |
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| Independent Examiner's Report |
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| Receipts and Payments Account |
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| Statement ofAssets and Liabilities | ||
| Non-Monetary Assets held for investment |
purposes | 7-8 |
| Notes and Accounting Policies |
| Year Ended 31 Dec | embe | r 20 | 22 | 22 | |||
|---|---|---|---|---|---|---|---|
| Permanent | Year to | Yearto | |||||
| Endowment Unrestricted |
31/12/2022 | 31/12/2021 | |||||
| Notes | Fund | Fund | Total | Total | |||
| Receipts | 6 | K | 6 | ||||
| Investment Income receipts |
|||||||
| Dividends and interest |
59,113 | 59,113 | 61,386 | ||||
| Rents | 6,498 | 6,498 | 8,271 | ||||
| 65,611 | 65,611 | 69,657 | |||||
| Investment sales (net ofcommission) |
294,722 | 294,722 | 431,517 | ||||
| Total Receipts | 294,722 | 65,611 | 360,333 | 501,174 | |||
| Payments | |||||||
| Grants paid | 2 | 60,000 | 60,000 | 71,250 | |||
| Clerk's salary and incidental | expenses | 5,560 | 5,560 | 2,586 | |||
| Independent Examination |
3,564 | 3,564 | |||||
| Stockbrokers fees | 17,167 | 132 | 17,299 | 17,556 | |||
| Insurance, repairs and |
legal | fees | |||||
| Io rental property |
951 | 951 | 839 | ||||
| 17,167 | 70,207 | 87,374 | 92,231 | ||||
| Investment purchases |
(net | ofcommission) | 217,122 | 217,122 | 381,648 | ||
| Total Payments | 234,289 | 70,207 | 304,496 | 473,879 | |||
| Excess ofpayments | over receipts/ | ||||||
| Net Receipts for the year before | transfers | 60,433 | (4,596) | 55,837 | 27,295 | ||
| Transfer between funds | |||||||
| Excess ofpayments | over receipts/ | ||||||
| Net Receipts for the | year | 60,433 | (4,596) | 55,837 | 27,295 | ||
| Cash and bank balances at 31 December 2021 | 61,707 | 89,820 | 151,527 | 124,232 | |||
| Bank balances at 31 | December | 2022 | 122,140 | 85,224 | 207,364 | 151,527 |
| Year Ended 31 December 2022 | ||
|---|---|---|
| 31 December 2022 | 31December 2021 | |
| Iylonetary Assets Lloyds TSBCurrent Account COIF deposit fund account Stockbrokers investment account Stockbrokers surplus income account Stockbrokers cumulative income fund Woollcombe Beer Watts' client account |
8 48,926 29,066 122,140 4,195 1,265 1,772 |
8 54,463 29,067 61,707 4,210 898 1,182 |
| 207,364 | 151,527 | |
| Split between: Permanent Endowment Fund General Purpose Fund |
122,140 85,224 |
61,707 89,820 |
| 207,364 | 151,527 | |
| Debtors Dividends not banked Rent |
1,711 300 |
3,218 300 |
| 2,011 | 3,518 | |
| Creditors amounts falling due within one year: Independent examiners fees |
1,824 | 3,564 |
| Grant payable - St Pauls and All Saints Church Legal Fees |
2,845 | |
| 1,824 | 6,409 |
| ear Ended 31 December 2022 eld for investment purposes |
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|---|---|---|---|---|---|---|
| Stocks and Shares held in the Permanent | Endowment | |||||
| Fund | ||||||
| Number | Number | |||||
| Shares | Market | Shares | Market | |||
| at | Value | at | Value | |||
| 31/12/2021 | 31/12/2021 | 31/12/2022 | 31/12/2022 | |||
| 6 | 6 | |||||
| Aberforth SMLR Cos Ord GBP0.01 |
2,600 | 38,064 | 2,600 | 34,372 | ||
| Admiral Group Ord GBP0.001 |
730 | 23,046 | 730 | 15,600 | ||
| Alcon AG CHFO 04 | 650 | 42,531 | 650 | 36,895 | ||
| Apple Inc Com USD | 190 | 20,522 | ||||
| Applied Materials COM USD0.01 |
600 | 69,701 | 370 | 29,956 | ||
| Ashtead Group Ord GBPO.10 |
1,500 | 89,130 | 1,740 | 82,128 | ||
| Asia Dragon Trust Ord GBPO.20 | 7,950 | 40,227 | 7,950 | 32,754 | ||
| Biotech Growth TR Ord GBP0.25 | 2,945 | 34,987 | 2,945 | 27,271 | ||
| Blackrock Throgmor ORD GBP0.05 |
3,400 | 33,150 | 3,400 | 20,162 | ||
| Croda INTL ORD GBP0.10357143 | 753 | 76,204 | 753 | 49,728 | ||
| Diageo ORD GBX28.101/106 | 1,550 | 62,558 | 1,550 | 56,575 | ||
| Deutsche Telekpm NPV |
1,320 | 18,043 | 1,320 | 21,884 | ||
| Estee I auder |
150 | 30,952 | ||||
| Fidelity European Value ORD 25p |
40,750 | 138,754 | 31,340 | 100,131 | ||
| Fidelity UCITS ICA US | 13,755 | 94,480 | 13,755 | 92,382 | ||
| FIL Inv SVCS UK FID MB Income Gross Y | INC | 64,131 | 64,964 | |||
| First State Inv Stewart inv Asia Pacific Leaders B | 14,270 | 47,364 | 14,270 | 42,990 | ||
| Glaxosmithkline ORD BP0.25 |
3,290 | 52,857 | 2,632 | 37,838 | ||
| Henderson Investment EURP SMI R COS |
I | 1010 | 41,450 | |||
| Haleon PLC ORD | 3,290 | 10,770 | ||||
| Hipgnosis Songs Funds |
40,000 | 50,000 | 40,000 | 34,520 | ||
| HSBC Holdings ORD USD0.50 (UK REG) |
5,666 | 25,421 | 5,666 | 29,220 | ||
| Ishares Core S&P 500 UCITS | 1,930 | 61,048 | ||||
| Ishares II PLC USD TIPS UCITS ETF GBP |
DIS | 11,350 | 64,536 | 11,350 | 55,025 | |
| Jackson Financial Inc |
66 | 2,064 | ||||
| JLEN Environ Ord NPV |
32,400 | 34,020 | 32,400 | 38,880 | ||
| J P Morgan American IT ordinary 0.05p shares |
33,500 | 256,945 | 33,500 | 229,475 | ||
| J P Morgan Asian ITORD GBP 0.25 | 20,000 | 90,100 | 20,000 | 72,800 | ||
| JP Morgan Investment Funds |
450 | 41,022 | 450 | 36,396 | ||
| JP Morgan US Equity | 31,000 | 46,221 | ||||
| Legal & General GP Ord FBPO.025 | 9,440 | 28,084 | 9,440 | 23,553 | ||
| Lloyds Banking GP Ord GBP0.10 | 37,355 | 17,860 | 37,365 | 16,967 | ||
| Maitland Instl |
57,400 | 53,566 | ||||
| Mercantile Investment ORD GBP 0.25 |
16,400 | 44,034 | 16,400 | 31,488 | ||
| Microsoft Corp Com | 50 | 9,969 |
| Stocks and Shares held in the Permanent E |
ndowme | nt Fund |
|||
|---|---|---|---|---|---|
| Number | Number | ||||
| Shares | Market | Shares | Market | ||
| at | Value | at | Value | ||
| 31/12/2021 | 31/12/2021 | 31/12/2022 | 31/12/2022 | ||
| 8 | 6 | ||||
| Muzinich Funds GBLTactical Cred G GBP DIS National Grid Ordinary GBPO. 12431289 National Grid Gas Pic IDX/LKD SNR 14/12/2022 |
840 2,035 20,000 |
86,797 21,567 39,275 |
840 2,035 |
76,902 20,297 |
|
| GBP Novartis AG CHFO.50(REGD) Polar Capital Fund GBLTech GBP I Prudential GBP0.05 Reckitt Benckiser Ordinary GBP0.10 Rio Tinto ORD GBP0.10 |
210 1,250 2,650 355 750 |
13,663 89,838 33,774 22,514 36,690 |
210 1,250 2,650 355 750 |
15,776 60,850 29,879 20,427 43,485 |
|
| Royal Dutch Shell 'B' Ordinary EURO.07 Schroders VTG SHS GBP 1 Schroder Unit TSTGBL Schroder Unit Trust TST Global Energy Shell PLC Sherwin-Williams Com Smiths Group Ordinary Shares GBP0.375 Taylor Wimpey ORD GBP0.01 Templtn Emg Mkt in ORD GBP 0.25 TR Property INV TR ORD GBP 0.25 Twentyfour AM Corporate Bond I GBP DIS UK (Govt of)4.125% IND/LKD SNR 22/07/30 UK (Govt of) 2.5% Index-Linked 17/07/24 GBP Vanguard Funds Pic S&P500 UCITS ETF Inc GBP Vodafone Group Ord USD0.2095238 |
1,635 1,350 42,000 25,640 1,860 9,750 36,250 8,000 698 13,500 21,355 3,350 17,370 |
26,526 48,060 43,806 13,146 29,379 17,111 64,380 39,560 70,623 52,043 78,132 223,414 19,500 |
7,941 42,000 25,640 1,635 50 1,850 9,750 36,250 8,000 688 13,500 21,355 2,440 17,370 |
34,623 34,797 13,828 38,030 9,863 29,732 9,911 53,288 24,440 56,258 45,426 80,453 147,557 14,632 |
|
| WPP Pic Ord GBP0,10 Xtrackers MSCI Japan UCITS ETF 1C |
1,920 611,599 |
105,821 2,843,436 |
1,920 554,075 |
98,314 2,394,585 |
|
| Stocks and Shares held in the Cumulative | Income | Fund | |||
| UK (Govt of)4.125% I/L GILT 07/2030 GBP | 5,300 | 20,647 | 5,300 | 18,052 | |
| Value of25 Fairfield Terrace, Newton Abbot |
120,000 | 120,000 |
| Grants | Paid | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| 6 | 6 | |||
| Newton | Abbot PCC | 40,000 | 70,000 | |
| Wolborough | School Roff Grant (paid to Devon County Council) | 20,000 | ||
| Milber | PCC | 1,250 | ||
| 60,000 | 71,250 |