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|TRUSTEES|Mr R Coy|||
|---|---|---|---|
||Rt Rev S Groves Chairman|||
||Ms N Hancock|Chairman|(resigned 20.5.21)|
||Ms J Mallinson|(deceased 20.8.21)||
||Mrs J Morten|||
||Mrs JSeaton|(appointed|19.11.20)|
||Mr G Seaton (appointed||19.11.20)|
|PRINCIPAL ADDRESS|5 Muswell
Hill|||
||London|||
||N10 3TJ|||
|REGISTERED CHARITY NUMBER 1082306||||
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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Endowment|Total|Total|
||||Notes|fund|funds
E|funds
f|funds|
|INCOME AND ENDOWMENTS||FROM||||||
|Investment
income||||362,464||362,464|371,256|
|EXPENDITURE ON||||||||
|Raising funds||||34,370||34,370|32,606|
|Charitable
activities||||||||
|Grants payable||||315,562||315,562|324,564|
|Other||||12,532||12,532|14,086|
|Total||||362,464||362,464|371,256|
|Net gains/(losses)
on|investments||||1,084,447|1,084,447|~548.899i|
|NET INCOME/(EXPENDITURE)|||||1,084,447|1,084,447|(543,899)|
|RECONCILIATION
OF FUNDS||||||||
|Total funds brought|forward||||11,179,619|11,179,619|11,723,518|
|TOTAL FUNDS CARRIED FORWARD|||||12,264,066|12,264,066|11,179,619|
##
|||2II21|2020|
|---|---|---|---|
||Nates|L'|E|
|FIXEOASSETS||||
|Investments||||
|Investments|9|117427+75|1D,26tl,794|
|Car3csssiar3ery
Laen|10|358702|357545|
|||11,73S,777|10,638,339|
|CVRRENT ASSETS||||
|Debtors
Cash in hand|11
12|17,245
~550
6|49,823
593,412|
|||N$,732|643,235|
|CREDITORS||||
|Amourrte
feling duSI within ane yeer||t86.$61)|t94,615)|
|NET CURRR4T A88ET8||920 581|S40620|
|TOTAL ASSETSLESSCURRENT||||
|LIAII IT%S||12,25$,358|11,186,959|
|PROVlSKNS FOR LIABILITIES||(1,292)|(7,340)|
|NET ASSETS||18204066|11.179619|
|FVHIM||||
|Endowment
funds||||
|Capital Auxwnt
Investment
Reveiemtlan
Acccwnt||1lt,1IMI,177
~1~ SS9|10,116,2M
1.063.361|
|||12264060|11170619|
|TOTAL FUNNY||11~'.6~Olt8|11,1lfl,61a|
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|2.|INVESTMENT INCOME|INVESTMENT INCOME||||||
|---|---|---|---|---|---|---|---|
|||||||2021f|2020
E|
||Income from listed investments|||||355,385|362,077|
||Deposit account|interest||||39|645|
||Concessionary|Loan Interest||||7,040|8,534|
|||||||362,464|371,256|
|3.|RAISING FUNDS|||||||
||Investment
management||costs|||||
|||||||2021|2020|
||||||||E|
||Investment
brokers charges|||||34,370|32,606|
|4.|CHARITABLE ACTIVITIES COSTS|||||||
||||||||Grant|
||||||||funding
of|
||||||||activities|
||||||||(see note|
||||||||5)|
||Grants payable||||||315,562|
|5.|GRANTS PAYABLE|||||||
|||||||2021|2020|
|||||||F|F|
||Grants payable|||||315,562|324,564|
||The total grants|paid to institutions|||during the year was as follows:|||
|||||||2021|2020|
|||||||F|F|
||British Province|ofthe Moravian||Church||315,062|324,064|
||Gracehill
Church and its dependencies|||||500|500|
|||||||315,562|324,564|
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|||||Governance|
|---|---|---|---|---|
|||||costs|
|Other resources expended||||12,532|
|Support|costs, included|in the above, are as follows:|||
||||2021|2020|
||||Support|Support|
||||Costs
f|Costs|
|Trustees'|remuneration|etc||706|
|Auditors'|remuneration||5,280|5,160|
|Trustees'|Indemnity
Insurance||601|592|
|Accountancy
and legal||fees|6,540|7,540|
|Bank charges|||111|88|
||||12,532|14,086|
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|8.|COMPARATIVES|FOR THE STATEMENT OF FINANCIAL|FOR THE STATEMENT OF FINANCIAL|FOR THE STATEMENT OF FINANCIAL|FOR THE STATEMENT OF FINANCIAL|ACTIVITIES|||
|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Endowment|Total|
|||||||fund|funds|funds|
|||||||E|F||
||INCOME AND ENDOWMENTS||||FROM||||
||Investment
income|||||371,256||371,256|
||EXPENDITURE ON||||||||
||Raising funds|||||32,606||32,606|
||Charitable
activities||||||||
||Grants payable|||||324,564||324,564|
||Other|||||14,086||14,086|
||Total|||||371,256||371,256|
||Net gains/(losses)|on|investments||||~543.899)|~543.899)|
||NET INCOME/(EXPENDITURE)||||||(543,899)|(543,899)|
||RECONCILIATION|OF FUNDS|||||||
||Total funds brought||forward||||11,723,518|11,723,518|
||TOTAL FUNDS CARRIED|||FORWARD|||11,179,619|11,179,619|
|9.|FIXEDASSET INVESTMENTS||||||||
|||||||||Listed|
|||||||||investments|
||MARKET VALUE||||||||
||At 1 September 2020|||||||10,280,794|
||Additions|||||||1,147,701|
||Disposals|||||||(1,085,867)|
||Revaluations|||||||1,084,447|
||At 31 August 2021|||||||11,427,075|
||NET BOOK VALUE||||||||
||At 31 August 2021|||||||11,427,075|
||At 31 August 2020|||||||10,280,794|
||There were no investment|||assets outside the UK.|||||
##
|||||2021|2020|
|---|---|---|---|---|---|
|||||F|f|
|Analysis of|quoted|investments|by asset class|||
|British Government||Stocks|||180,771|
|Other Fixed|Interest|Stocks||1,349,863|1,119,814|
|Equities||||6,150,584|5,160,641|
|The Charities|Property
Fund|||3,926,626|3,819,568|
|Total Market|Value|||11,427,073|10,280,794|
|The|following|investmen|ts
individually|represent 5%or mo|re|ofthe total|holding
ofthe Trust:||
|---|---|---|---|---|---|---|---|---|
||||||||Number
of|Market|
||||||||units/|Value|
||||||||nominal|31 August|
||||||||value|2021|
||||||||No.|F|
|The|Charities|Property|Fund|Common|inv|fund|3,112,171|3,926,626|
|Cost or va|luation
at 31 August 2021 is represented|by:||
|---|---|---|---|
||||Listed|
||||investments|
|Valuation|in 2021||11,427,075|
|Historical|Cost|2021|2020|
|||E|F|
|At the end|ofthe year|9,271,185|9,217,431|
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|CONCESSI|ONARY|LOAN|||
|---|---|---|---|---|
||||2021|2020|
||||E||
|Balance at|the beginning
ofthe year||357,544|404,893|
|Repayments|during|the year|(55,882)|(55,882)|
|Interest receivable||for year|7,040|8,533|
|Balance at|the end|ofthe year|308,702|357,544|
||||2021|2020|
|Repayable|within 12months||49,878|48,842|
|Repayable|outside|12 months|258,824|308,702|
||||308,702|357,544|
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|DEBTO|RS:AMO|UNTS
FALLING DUE WITHIN ON|E YEAR||
|---|---|---|---|---|
||||2021|2020|
|||||E|
|Pre payments
Accrued income-|||481|450|
|Charities|Property|Fund|27,161|23,851|
|Accrued|Income-||||
|Other Investments|||19,604|25,522|
||||47,246|49,823|
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|12.|CASH IN HAND|||||
|---|---|---|---|---|---|
|||||2021|2020|
|||||Total|Total|
|||||funds|funds|
|||||F|E|
||On deposit account|||184,320|230,198|
||On current account|||1,000|1,000|
||On premium
account|||383,166|362,214|
||Total|||568,486|593,412|
|13.|CREDITORS: AMOUNTS||FALLING DUE WITHIN ONE YEAR|||
|||||2021
f|2020
E|
||Gracehill
Moravian|Church||500|500|
||Bank charges|||30|28|
||Professional
charges accrued|||14,511|14,067|
||Moravian
Union|||71,110|80,020|
|||||86,151|94,615|
|14.|PROVISIONS FOR|LIABILITIES||||
|||||2021|2020|
||||||F|
||Pension
provision|||1,292|7,340|
##
|ANALY|SIS|OF NET AS|SETS BETWE|EN FUNDS||||
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
|||||Unrestricted|Endowment|Total|Total|
|||||fund|funds|funds|funds|
|||||F|F|F|F|
|Investments|||||11,735,777|11,735,777|10,638,339|
|Current
Current
Provision|assets
liabilities
for liabilities||||615,732
(86,151)
~1,292)|615,732
(86,151)
~1,292)|643,235
(94,615)
~7,340)|
||||||12,264,066|12,264,066|11,179,619|
|MOVEMENT||IN FUNDS||||||
||||||Net|Transfers||
||||||movement|between|At|
|||||At 1.9.20|in funds|funds|31.8.21|
|||||||F||
|Endowment||funds||||||
|Capital Account||||10,116,258|51,726|(59,807)|10,108,177|
|Investment
Revaluation|||Account|1,063,361|1,032,721|59,807|2,155,889|
|||||11,179,619|1,084,447||12,264,066|
|TOTAL|FUNDS|||11,179,619|1,084,447||12,264,066|
##
|Net mo|veme|nt
in funds,|included
in the|above are as follow|s:|||
|---|---|---|---|---|---|---|---|
|||||Incoming|Resources|Gains and|Movement|
|||||resources|expended|losses|in funds|
||||||F|F||
|Unrestricted||funds||||||
|General|fund|||362,464|(362,464)|||
|Endowment||funds||||||
|Capital|Account|||||51,726|51,726|
|Investment||Revaluation|Account|||1,032,721|1,032,721|
|||||||1,084,447|1,084,447|
|TOTAL|FUNDS|||362,464|~362,464)|1,084,447|1,084,447|
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|Comparativ|es
for mov|ement
in fund|s||||
|---|---|---|---|---|---|---|
|||||Net|Transfers||
|||||movement|between|At|
||||At 1.9.19|in funds|funds|31.8.20|
|||||F|F||
|Endowment|funds||||||
|Capital Account
Investment
Revaluation||Account|10,179,918
1,543,600|(92,203)
~451,696)|28,543
~28,543)|10,116,258
1,063,361|
||||11,723,518|~543,899)||11,179,619|
|TOTAL FUNDS|||11,723,518|~543,899)||11,179,619|
|Compar|ative|net movem|ent
in funds,
inc|luded
in the above|are as follows:|||
|---|---|---|---|---|---|---|---|
|||||Incoming|Resources|Gains and|Movement|
|||||resources|expended|losses|in funds|
|||||F|F|F||
|Unrestricted||funds||||||
|General|fund|||371,256|(371,256)|||
|Endowment||funds||||||
|Capital|Account|||||(92,203)|(92,203)|
|Investment||Revaluation|Account|||~451.696)|~451.696)|
|||||||(543,899)|(543,899)|
|TOTAL|FUNDS|||371,256|(371,256)|(543,899)|(543,899)|
##
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|||2021|2020|
|---|---|---|---|
|INCOME AND ENDOWMENTS||||
|Investment
income||||
|Income from listed investments||355,385|362,077|
|Deposit account interest||39|645|
|Concessionary
Loan Interest||7,040|8,534|
|||362,464|371,256|
|Total incoming
resources||362,464|371,256|
|EXPENDITURE||||
|Investment
management|costs|||
|Investment
brokers charges||34,370|32,606|
|Charitable
activities||||
|Grants to institutions||315,562|324,564|
|Support costs||||
|Governance costs||||
|Trustees' expenses|||706|
|Auditors'
remuneration||5,280|5,160|
|Trustees'
Indemnity
Insurance||601|592|
|Accountancy
and legal fees||6,540|7,540|
|Bank charges||111|88|
|||12,532|14,086|
|Total resources expended||362,464|371,256|
|Net income before gains and losses||||
|Net gains/(losses)
on investments||||
|Net gains/(losses)
on investments||1,084,447|)543,899)|
|Net income/(expenditure)||1,084,447|)543,899)|