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|||||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|
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|||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|
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||||||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|
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|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|
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|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|
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||||||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|
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|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|
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|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|
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||||||||||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||
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|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|
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|||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|
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|||||||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|