2021-12-31-accounts

				Page
Trustees' annual report
Independent examiner's report		to the trustees
Statement of financial	activities
Statement of financial	position
Notes to the financial	statements
The following pages	do not form part of		the financial statements
Detailed statement of	financial	activities		18
Notes to the detailed	statement	offinancial	activities	19

		Year	ended	31 Decem	ber 2021
					2021		2020
				Unrestricted	Endowment
				funds	funds	Total funds	Total funds
			Note		2	2	2
Income and endowments
Investment income			4	117	84,383	84,500	82,597
Total income				117	84,383	84,500	82,597
Expenditure
Expenditure on raising funds:
Investment management		costs	5	212		212	2,073
Expenditure on charitable	activities		6}7	89,567		89,567	42,473
Total expenditure				89,779		89,779	44,546
Net (expenditure)/income				(89,662)	84,383	(5,279)	36,051
Transfers between funds				84,383	(84,383)
Other recognised gains	and	losses
Gains from revaluation of	fixed	assets					50,000
Gains/(losses) on investments					321,301	321,301	114,623
Net movement in funds				(5,279)	321,301	316,022	202,674
Reconciliation offunds
Total funds brought forward				243,266	2,596,733	2,839,999	2,637,325
Total funds carried forward				237,987	2,918,034	3,156,021	2,839,999

					2021		2020
				Note	8
Fixed assets
Investments						2,918,033	2,596,732
Current assets
Cash at bank	and in hand				238,121		241,245
Prepayments	and accrued income				21,338		30,542
Creditors: amounts		falling	due within one year
Accruals and	deferred	income			21,471		28,520
Net current assets						237,988	243,267
Total assets	less current		liabilities			3,156,021	2,839,999
Net assets						3,156,021	2,839,999
Funds ofthe	charity
Endowment funds						2,918,034	2,596,733
Unrestricted funds						237,987	243,266
Total charity	funds			14		3,156,021	2,839,999

Investment income
		Unrestricted	Endowment	Total Funds
		Funds	Funds	2021
		2	2	2
Income from investment Bank interest receivable	properties	117	13,200	13,200 117
CBFCofE Investment Fund income			58,274	58,274
CBFCofE Property Fund	income		12,909	12,909
		117	84,383	84,500
		Unrestricted	Endowment	Total Funds
		Funds	Funds	2020
Income from investment Bank interest receivable	properties	826	13,200	13,200 826
CBFCofE Investment Fund income			56,574	56,574
CBFCofE Property Fund	income		11,997	11,997
		826	81,771	82,597

Investment	management c	osts
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2021	Funds	2020
				2		2
Management	&maintenance	of
investment	property		212	212	2,073	2,073

					Unrestricted	Total Funds	Unrestricted	Total Funds
					Funds	2021 f	Funds f	2020 f
Repair and maintenance			of the fabric
ofSt Michael and		All Angels		Church,
Highworth					54,737	54,737	6,182	6,182
Furthering	the religious		and other
charitahla	work of	tha Church		of
England	in the parish of		Highworth		31,556	31,556	32,836	32,836
Supportcosts					3,274	3,274	3,455	3,455
					89,567	89,567	42,473	42,473

7.	Expenditur	e on charita	ble	activ	ities by activity type	ities by activity type
					Activities
					undertaken		Support	Total funds	Total fund
						directly	costs	2021 f	2020
	Repair and	maintenance	of	the fabric
	ofSt Michael and All Angels Highworth			Church,		54,737	210	54,947	6,392
	Furthering	the religious	and	other
	charitable work of the Church of
	England in	the parish of	Highworth			31,556	210	31,766	33,046
	Governance costs						2,854	2,854	3,035
						86.293	3,274	89,567	42,473
8.	Analysis ofsupport costs
					Church	repair	Other
						and	charitable
					maintenancef		work	Total 2021 f	Total 2020
	Governance	costs				1,427	1,427	2,854	3,035
	Support costs - Bookkeeping					210	210	420	420
						1,637	1,637	3,274	3,455
9.	Independent examination			fees
								2021 f	2020 f
	Fees payable to the independent examiner for: Independent examination ofthe financial statements							1,500	1,500

At 31 December 2021 grants totalling 222,782 (2 but had not been paid or accrued by that date. Investments	020 - 277,491)had	been agreed by	the trustees
	Cash orcash	Investment
	equivalents	properties	Total
Cost or valuation
Al 1 January 2021	2,246,732	350,000	2,696,732
Additions
Other movements	321,301		321,301
At 31 December 2021	2,568,033	350,000	2,918,033
Impairment
At 1January 2021 and 31 December 2021
Carrying amount
At 31 December 2021	2,568,033	350,000	2,918,033
At 31 December 2020	2,246,732	350,000	2,596,732

									Gains and		At
			At1 Jan		21	Income	Expenditure	Transfers	losses	31 Dec	21
				2				2	2	2
General	funds			243,266		117	(89,779)	84,383		237,987
											At
					At				Gains and	31 Dec 202
			1	Jan 2020		Income	Expenditure	Transfers	losses		0
				2			2	2		2
General	funds			205,215		826	(44,546)	81,771		243,266
Endowment		funds
									Gains and		At
			At1 Jan		21	Income	Expenditure	Transfers	losses	31 Dec	21
				2			2	2	2	2
Proceeds from
the sale	of
Clinton's	Field		2,496,733			84,383		(84,383)	321,301	2,818,034
Revaluation
reserve				100,000						100,000
			2,596,733			84,383		(84,383)	321,301	2,918,034
									Gains and		At
			At1 Jan		20	Income	Expenditure	Transfers	losses	31 Dec	20
				8			2
Proceeds from
the sale	of
Clinton's	Field		2,382,110			81,771		(81,771)	114,623	2,496,733
Revaluation
reserve				50,000					50,000	100,000
			2,432,110			81,771		(81,771)	164,623	2,596,733

Analysis of net as	sets between funds
		Unrestricted	Endowment	Total Funds
		Funds	Funds	2021
		2	2	6
Investments			2,918,033	2,918,033
Current assets		259,459		259,459
Creditors less than	1 year	(21,471)		(21,471)
Net assets		237,988	2,918,033	3,156,021
		Unrestricted	Endowment	Total Funds
		Funds	Funds	2020
		2
Investments			2,596,732	2,596,732
Current assets		271,787		271,787
Creditors less than	1 year	(28,520)		(28,520)
Net assets		243,267	2,596,732	2,839,999

		Year end	ed 31 December	2021
				2021	2020
				2
Income and endowments
Investment income
Income from investment Bank interest receivable	properties			13,200 117	13,200 826
CBFCofE Investment Fund		income		58,274	56,574
CBFCofE Property Fund	income			12,909	11,997
				84,500	82,597
Total income				84,500	82,597
Expenditure
Investment management	costs
Management & maintenance		of investment	property	212	2,073
Expenditure on charitable		activities
Insurance				1,354	1,321
Legal and professional fees				1,500	1,714
Other office costs				420	420
Grants awarded				86,293	39,018
				89,567	42,473
Total expenditure				89,779	44,546
Net (expenditure)/income				(5,279)	38,051

						2021	2020
						2	2
Expenditure on charitable	activities
Repair and maintenance	ofthe fabric of	St Michael and All Angels Church,				Highworth
Activities undertaken directly
Grants made for the repair	and maintenance	ofthe fabric ofSt Michael
and All Angels, Highworth						54,737	6,182
Support costs Accountancy fees						210	210
Furthering the religious	and other charitable		work of the	Church of	England in the		parish of
Highworth
Activities undertaken directly
Grants made for the purpose ofthe religious		and	other charitable	work of
the Church of England in the parish of Highworth						31,556	32,836
Support costs Accountancy fees						210	210
Governance costs
Trustees' indemnity insurance						1,354	1,321
Independent examiner's fees						1,500	1,500
Legal and professional fees							214
						2,854	3,035
Expenditure on charitable	activities					89,567	42,473