| Page | |||
|---|---|---|---|
| Legal and administrative | information | ||
| Trustees' Annual Report |
2-5 | ||
| Statement ofTrustees' | responsibilities | ||
| Independent Examiner's |
report | ||
| Statement ofFinancial | Activities | ||
| Statement ofFinancial | Activities for 2019 | ||
| Balance Sheet | 10 | ||
| Notes to the Financial | Statements | 11 —22 |
| Endowment | Restricted | Unrestricted | Total | Total Funds | ||
|---|---|---|---|---|---|---|
| Note | Funds | Funds | Funds | Funds | 2019 | |
| 2020 | ||||||
| INCOME AND | ||||||
| ENDOWMENTS FROM: | ||||||
| Donations and legacies |
2 | 322 | 322 | 1,202 | ||
| Income from investments | 3 | 122,250 | 122,250 | 119,306 | ||
| Charitable activities |
4 | 10,269 | 10,269 | 2,995 | ||
| Total incoming resources | 132,841 | 132,841 | 123,503 | |||
| EXPENDITURE ON: | ||||||
| Charitable activities |
60,393 | 60,393 | 79,596 | |||
| Raising funds | 31,945 | 31,945 | 24,594 | |||
| Other | 5,147 | 5,147 | 7,497 | |||
| Total resources expended | 97,485 | 97,485 | 111,687 | |||
| Net income/(expenditure) | 35,356 | 35356 | 11,816 | |||
| before gains and losses on | ||||||
| investments | ||||||
| Transfers between funds |
(41,250) | (1,612) | 42,862 | |||
| Net gains/(losses) I'rom |
69,475 | 69,475 | 137,213 | |||
| investments | ||||||
| NET INCOME | (41,250) | (1,612) | 147,693 | 104,831 | 149,029 | |
| Reconciliation offunds |
||||||
| Total funds brought forward |
1,083,181 | 1,612 | 1,931,295 | 3,016,088 | 2,867,059 | |
| Total funds carried | 1,041,931 | 2,078,988 | 3,120,919 | 3,016,088 | ||
| forward |
| Endowment | Restricted | Unrestricted | Total | Total Funds | ||
|---|---|---|---|---|---|---|
| Note | Funds | Funds | Funds | Funds | 2018 | |
| 2019 | ||||||
| INCOME AND | ||||||
| ENDOWMENTS FROM: | ||||||
| Donations and legacies |
2 | 1,202 | 1,202 | 1,446 | ||
| Income from investments | 3 | 119,306 | 119,306 | 115,643 | ||
| Charitable activities |
4 | 2,995 | 2,995 | 3,033 | ||
| Total incoming resources | 123&503 | 123,503 | 120,122 | |||
| EXPENDITURE ON: | ||||||
| Charitable activities |
6 | 79,596 | 79,596 | 116,861 | ||
| Raising funds | 5 | 24,594 | 24,594 | 37,160 | ||
| Other expenses | 7 | 7,497 | 7,497 | 7,001 | ||
| Total resources expended | 111,687 | 111,687 | 161,022 | |||
| Net income/(expenditure) | 11,816 | 11,816 | (40,900) | |||
| before gains and losses on | ||||||
| investments | ||||||
| Net gains/(losses) &om |
137,213 | 137,213 | (67,580) | |||
| investments | ||||||
| NET INCOME | 149,029 | 149,029 | (108,480) | |||
| ReconciTiation offunds | ||||||
| Total funds brought forward | 1,083,181 | 1,612 | 1,782,266 | 2,867,059 | 2,975,539 | |
| Total funds carried | 1,083,181 | 1,612 | 1,931,295 | 3,016,088 | 2,867,059 | |
| forward |
| 2020 | 2019 | |||||
|---|---|---|---|---|---|---|
| Note | ||||||
| FIXEDASSETS | ||||||
| Tangible assets | 10 | 81,129 | 83,089 | |||
| Investments | 11 | 2,983,046 | 2,912,822 | |||
| 3,064,175 | 2,995,911 | |||||
| CURRENT ASSETS | ||||||
| Stocks | 1,545 | |||||
| Debtors | 12 | 8,158 | 7,249 | |||
| Cash at bank and in hand | 53,053 | 18,050 | ||||
| 61,211 | 26,844 | |||||
| CREDITORS: Amounts | falling | |||||
| due within one year | 13 | (4,467) | (6,667) | |||
| Net current Assets | 56,744 | 20,177 | ||||
| Net Assets | 3,120,919 | 3,016,088 | ||||
| FUNDS | ||||||
| Endowment Funds |
14/15 | 1,041,931 | 1,083,181 | |||
| Restricted Funds | 14/15 | 1,612 | ||||
| Unrestricted Funds: |
14/15 | 2,078,988 | 1,931,295 | |||
| 3,120,919 | 3,016,088 |
| 2. | DONATIONS AND |
LEGACIES | ||
|---|---|---|---|---|
| 2020 | 2019 | |||
| Donations | from members | 49 | 1,202 | |
| Legacies | 273 | |||
| 322 | 1,202 | |||
| 3. | INVESTMENT INCOME | |||
| 2020 g |
2019I | |||
| Investment | Income | 50,675 | 53,357 | |
| Interest on | cash deposits | |||
| Rental income | 71,569 | 65,946 | ||
| 122,250 | 119,306 |
| COME FR | OM CHARI | TABLE ACT | IVITIES | |
|---|---|---|---|---|
| 2020 | 2019 | |||
| Walsingham | receipts | 740 | 2,144 | |
| Member subscriptions | 835 | 851 | ||
| Coronavirus | job retention | scheme | 8,694 | |
| 10,269 | 2,995 |
| XPENDIT | URE ON | RA | ISING FU | NDS | |
|---|---|---|---|---|---|
| 2020 | 2019 | ||||
| Investment | management | fees | 4,480 | ||
| lnvesunent | property | expenses | 31,945 | 20,114 | |
| 31,945 | 24,594 |
| ANALYSIS | OF CH | ARITA | BLE ACTIVI | TIES | |
|---|---|---|---|---|---|
| 2020 | 2019 | ||||
| Funded from | unrestricted | funds: | |||
| Rent and council tax | 9,189 | 8,994 | |||
| Heat light and | water | 540 | 900 | ||
| Insurance | 921 | 1,733 | |||
| Repairs and renewals | 964 | 868 | |||
| Office costs | 2,913 | 2, 183 | |||
| Telephone | 403 | 646 | |||
| Printing, postage and | stationery | 6,103 | 5,193 | ||
| Redemptorist | publications | 10,000 | 17,256 | ||
| Walsingham | 3,000 | ||||
| Wages and salaries | 20,331 | 28,550 | |||
| National insurance |
644 | ||||
| Pension contribution | 593 | 2,197 | |||
| Depreciation | 3,609 | 1,030 | |||
| Car lease and | running | costs | 4,419 | 4,339 | |
| Bank charges | 93 | 120 | |||
| Sundry | 315 | 1,943 | |||
| 60893 | 79,596 |
| 2020 | 2019 | |||
|---|---|---|---|---|
| Independent | examination | 2,600 | 3,300 | |
| Bookkeeping | fees | 1,860 | 1,890 | |
| Trustees and | company | secretarial expenses | 194 | 2,037 |
| Professional | fees | 493 | 270 | |
| 5,147 | 7,497 |
| STAFFCOSTS | ||
|---|---|---|
| 2020 | 2019 | |
| Wages and Salaries | 20,331 | 28,550 |
| Social Security Costs | 644 | |
| Pension Costs | 593 | 2,197 |
| 20,924 | 31,391 |
| The average number ofemployees during the year wa |
s: | |
|---|---|---|
| 2020 | 2019 | |
| No | No | |
| Administration |
| 10. | TANGIBLE FIXED | ASSETS | |||
|---|---|---|---|---|---|
| Long term | Fixtures 6'r, | Total | |||
| leasehold | Fittings | ||||
| property | |||||
| COST | |||||
| 1 January 2020 | 80,000 | 20,713 | 100,713 | ||
| Disposals | 1,338 | 1,338 | |||
| Additions | (17,313) | (17,313) | |||
| 31December 2020 | 80,000 | 4,738 | 84,738 | ||
| ACCUMULATED | DEPRECIATION | ||||
| 1 January 2020 | 17,624 | 17,624 | |||
| Charge for the year | 3,609 | 3,609 | |||
| Disposals | (17,624) | (17,624) | |||
| 31December 2020 | 3,609 | 3,609 | |||
| NET BOOK VALUE | |||||
| 31December 2020 | 80,000 | 1,129 | 81,129 | ||
| 31December 2019 | 80,000 | 3,089 | 83,089 |
| 11. | FIXEDASSET INVESTMENTS | ||||
|---|---|---|---|---|---|
| Investment | Listed | Cash held by | Total | ||
| properties | Investments | investment | |||
| brokers | |||||
| Market value at 1 January 2019 | 1,215,170 | 1,480,533 | 83,401 | 2,779,104 | |
| Gains / (Losses) in the year in SOFA | 137,213 | 137,213 | |||
| Additions &disposals | (96,630) | 93,135 | (3,495) | ||
| Market value at 31December 2019 | 1,215,170 | 1,521,116 | 176,536 | 2,912,822 | |
| Market value at 1 January 2020 | 1,215,170 | 1,521,1 16 | 176,536 | 2,912,822 | |
| Gains I(Losses) in the year in SOFA | 69,475 | 69,475 | |||
| Additions &disposals | 749 | 749 | |||
| Market value at 31December 2020 | 1,215,170 | 1,590,591 | 177,285 | 2,983,046 |
| 2020 | ||||||
|---|---|---|---|---|---|---|
| '/o | ||||||
| CCLA | - | Church | ofEngland | Property Fund | 227,780 | 12.9/o |
| CCLA | - | Church | ofEngland | Investment Fund Income Shares |
1,362,810 | 77.1/a |
| CCLA | - | Church | ofEngland | Deposit Fund | 177,285 | 10.0'/0 |
| 12. | DEBTORS | |||||
|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||
| Trade debtors | 4,233 | 4,180 | ||||
| Prepayments | and accrued | income | 3,925 | 2,769 | ||
| Other | 300 | |||||
| 8,158 | 7,249 | |||||
| 13. | CREDITORS: | Amounts | falling due within one year | |||
| 2020 | 2019 | |||||
| Accruals and | deferred income | 3,800 | 5,347 | |||
| Other taxation | and social | security | 210 | |||
| Other | 667 | 1,110 | ||||
| 4,467 | 6,667 |
| 14. ANALYSIS |
OFNE | T ASSETS BET | WEEN FUNDS | |||||
|---|---|---|---|---|---|---|---|---|
| Endowment | Unrestricted | Restricted | Total | |||||
| Funds | Funds | Funds | ||||||
| Tangible fixed assets | 80,000 | 1,129 | 81,129 | |||||
| Fixed asset | investments | 771,931 | 995,945 | 1,767,876 | ||||
| Investment | properties | 190,000 | 1,025,170 | 1,215,170 | ||||
| Current Assets | 61,211 | 61,211 | ||||||
| Creditors: amounts | falling due within | one year | (4,467) | (4,467) | ||||
| 1,041,931 | 2,078,988 | 3,120,919 | ||||||
| 15. FUNDS RECONCILIATION |
||||||||
| Balance at 1 | Incoming | Outgoing | Investments | Transfer | Balance | |||
| January | Resources | Resources | gains/(losses) | between | at 31 | |||
| 2020 | funds | December | ||||||
| 2020 | ||||||||
| Designated fund— |
||||||||
| capital fund | 840,000 | 840,000 | ||||||
| General funds | 1,091,295 | 132,841 | (97,485) | 69,475 | 42,862 | 1,238,988 | ||
| Total unrestricted | 1,931,295 | 132,841 | (97,485) | 69,475 | 42,862 | 2,078,988 | ||
| funds | ||||||||
| Endowment funds |
||||||||
| StRaphael*s | 1,000,681 | 1,000,681 | ||||||
| The Anne Lloyd | 82,500 | (41,250) | 41,250 | |||||
| Memorial Trust |
||||||||
| Total endowment | 1,083,181 | (41,250) | 1,041,931 | |||||
| funds | ||||||||
| Restricted fund |
||||||||
| StRaphael's Lift |
||||||||
| Appeal | 1,612 | (1,612) | ||||||
| 3,016,088 | 132,841 | (97,485) | 69,475 | 3,120,919 |