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||||Pages|
|---|---|---|---|
|Trustees'|annual
report||1 to4|
|Independent
examiner's
report to the trustees||||
|Statement|offinancial|activities||
|Statement|offinancial|position||
|Notes to the financial||statements|sto15|
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|The trustees present
31 December 2020.|The trustees present
31 December 2020.|The trustees present
31 December 2020.|their report|and the unaudited|financial statements|financial statements|financial statements|ofthe charity forthe year ended|
|---|---|---|---|---|---|---|---|---|
|Reference||and administrative||details|||||
|Governing||documents||Will ofJohn Alan|Kelly dated 21||December 1994||
|||||(died 13March 1995)|||||
|||||Charity Commission||Scheme dated||4 March 2019|
|Registered||charity|name|Kelly Trust (Crediton)|||||
|Charity registration|||number|1116644|||||
|Principal office||||Boniface Centre|||||
|||||Church Lane|||||
|||||Crediton|||||
|||||EX172AH|||||
|The trustees||||AA White|||||
|||||J M Beskeen|||||
|||||C M Clark|||||
|||||CS Nicholl (Miss)|||||
|||||J D Ward|||||
|||||WS Lee|||(Resigned 31 December 2020)||
|||||G J Mortimer|||||
|||||EJ Heard|||||
|||||R Cheriton
(Mrs)|||||
|||||J King|||||
|||||D Brassington|||||
|||||WJ Crooke|||||
|Independent||examiner||Nick Smy ACA|||||
|||||Thomas Westcott|||||
|||||Chartered
Accountants|||||
|||||Queens House|||||
|||||New Street|||||
|||||Honiton|||||
|||||Devon, EX141BJ|||||
|Bankers||||National
Westminster||Bank pic|||
|||||18StThomas Centre|||||
|||||Cowick Street|||||
|||||Exeter|||||
|||||Devon, EX1 1DE|||||
|Investment|managers|||Charles Stanley &Co||Ltd|CCLA||
|||||Broadwalk
House|||Senator House||
|||||Southernhay
West|||85|Queen Victoria Street|
|||||Exeter|||London||
|||||Devon, EX1 1TS|||EC4V4ET||
|Solicitors||||Gilbert Stephens|LLP||||
|||||Manor House|||||
|||||North Street|||||
|||||Crediton|||||
|||||Devon, EX172BR|||||
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|Year ended 31 Decemb|er|2020|||||
|---|---|---|---|---|---|---|
|||||2020||2019|
|||||Unrestricted|||
|||||funds|Total funds|Total funds|
||||Note||6|6|
|Income and endowments|||||||
|Investment
income|||4|35,010|35,010|35,927|
|Total income||||35,010|35,010|35,927|
|Expenditure|||||||
|Expenditure
on raising funds:|||||||
|Investment
management
costs
Expenditure
on charitable
activities|||5
6|(5,923)
(9,476)|(5,923)
(9,476)|(6,067)
(66,696)|
|Total expenditure||||(15,399)|(15,399)|(74,763)|
|Net gains/(losses)
on investments|||9|5,959|5,959|116,459|
|Net income and net movement||in funds||25,570|25,570|77,623|
|Reconciliation
offunds|||||||
|Total funds brought
forward||||1,477,022|1,477,022|1,399,399|
|Total funds carried forward||||1,502,592|1,502,592|1,477,022|
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|31 December 20|20|||||
|---|---|---|---|---|---|
|||||2020|2019|
||||Note||5|
|Fixed assets||||||
|Investments|||13|1,460,115|1,452,541|
|Current assets||||||
|Debtors|||14|5,900|6,350|
|Cash at bank and in|hand|||45,132|26,674|
|||||51,032|33,024|
|Creditors: amounts|falling|due within one year|15|(8,555)|(8,543)|
|Net current assets||||42,477|24,481|
|Total assets less current||liabilities||1,502,592|1,477,022|
|Net assets||||1,502,592|1,477,022|
|Funds ofthe charity||||||
|Unrestricted
funds||||1,502,592|1,477,022|
|Total charity funds|||16|1,502,592|1,477,022|
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|Investment
|income|||||||
|---|---|---|---|---|---|---|---|
||||Unrestricted|Total|Funds|Unrestricted|Total Funds|
||||Funds||2020|Funds|2019|
|Income from|investment|properties|20,870||20,870|19,080|19,080|
|Income from|listed investments||5,335||5,335|7,618|7,618|
|Bank interest|receivable||24||24|54|54|
|Investment
interest|||8,781||8,781|9,175|9,175|
||||35,010||35,010|35,927|35,927|
|Income from|investment|properties||||||
||||Unrestricted|Total|Funds|Unrestricted|Total Funds|
||||Funds
6||2020|Fundsf|2019|
|10Meadow Gardens
19Greenway
7Waresfoot
Drive|||2,110
6,760
6,240||2,110
6,760
6,240|6,240
4,160
2,920|6,240
4,160
2,920|
|12Waresfoot|Drive||5,760||5,760|5,760|5,760|
||||20,870||20,870|19,080|19,080|
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|||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|---|---|---|---|---|
|||||||Funds|2020|Funds|2019|
||||||||E|6||
|Investment
managers'||||fees||3,797|3,797|3,134|3,134|
|Repairs|to properties|||and insurance||2,126|2,126|4,933|4,933|
|||||||5,923|5,923|8,067|8,067|
|Expenditure||on charitable|||activities|||||
|||||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||||||Funds|2020|Funds|2019|
|||||||F|6||6|
|Grants||||||4,000|4,000|61,600|61,600|
|Support|costs|||||5,476|5,476|5,096|5,096|
|||||||9,476|9,476|66,696|66,696|
|Analysis|ofgrants|||||||||
|||||||||2020|2019|
|||||||||6|6|
|Grants to institutions||||||||||
|Age Concern||Crediton||||||1,000|6,500|
|Yeoford|Church|||||||1,000||
|Crediton|Church Campaign||||(RoofAppeal)||||50,000|
|Crediton|Methodist||Church||||||2,500|
|MS Society|||||||||500|
|Crediton|Foodbank||||||||100|
|||||||||2,000|59,600|
|Grants to individuals||||||||||
|Mr N Beighton||||||||1,000||
|Mrs A Jerman||||||||1,000||
|Mrs KCoates|||||||||2,000|
|||||||||4,000|61,600|
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|Analysis of|governance
costs|||||
|---|---|---|---|---|---|
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||Funds
6|2020
6|Funds
F|2019
f|
|Clerk to the|Trustees|1,250|1,250|1,250|1,250|
|Insurance||738|738|746|746|
|Meeting
room and the facilities||500|500|500|500|
|Independent|examination|1,314|1,314|1,275|1,275|
|Accountancy||1,674|1,674|1,275|1,275|
|Sundry expenses||||50|50|
|||5,476|5,476|5,096|5,096|
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|Net gains on||investments||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted||Total|Funds|Unrestricted|Total Funds|
||||||||Funds||2020|Funds|2019|
||||||||||F|||
|Gains/(losses)||on investment||property||||||30,000|30,000|
|Gains/(losses)||on listed investments|||||5,959||5,959|86,459|86,459|
||||||||5,959||5,959|116,459|116,459|
|Independent||examination||fees||||||||
|||||||||||2020|2019|
|||||||||||F|6|
|Fees payable||to the independent|||examiner for:|||||||
|Independent|examination||of|the financial||statements||||1,314|1,275|
|Staff costs||||||||||||
|The total staff||costs and employee|||benefits for||the reporting||period are|analysed as|follows:|
|||||||||||2020|2019|
|||||||||||6|F|
|Wages and salaries||||||||||1,250|1,250|
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|Investments||||||
|---|---|---|---|---|---|
||Cash or cash|Listed|Investment|Other||
||equivalents|investments|properties|investments|Total|
|||F||F|6|
|Cost or valuation||||||
|At 1 January 2020|18,886|286,689|800,000|346,966|1,452,541|
|Additions|101,994|||96,335|198,329|
|Disposals|(100,005)|||(96,709)|(196,714)|
|Other movements||18,336||(12,377)|5,959|
|At 31 December 2020|20,875|305,025|800,000|334,215|1,460,115|
|All investments
shown|above are held at|valuation.||||
|Listed investments||||||
|Historical cost as at||||||
|31 December 2020|20,875|247,773|778,505|287,856|1,335,009|
|COLA investments|COLA investments||305,025|
|---|---|---|---|
|Investment|properties|||
|||2020|2019|
|||F||
|10Meadow Gardens||190,000|190,000|
|19Greenway||190,000|190,000|
|7Waresfoot|Drive|200,000|200,000|
|12Waresfoot|Drive|220,000|220,000|
|||800,000|800,000|
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|14.|Debtors||||
|---|---|---|---|---|
||||2020|2019|
||||8|F|
||Other debtors||5,900|6,350|
|15.|Creditors: amounts|falling due within one year|||
||||2020|2019|
|||||F|
||Accruals and deferred|income|2,628|2,550|
||Other creditors||5,927|5,993|
||||8,555|8,543|
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|Unrestri|cted
funds||||||
|---|---|---|---|---|---|---|
|||At||||At|
|||1 January|||Gains and 31 December||
|||2020|Income|Expenditure|losses|2020|
|||5|5||F|F|
|General|funds|1,477,022|35,010|(15,399)|5,959|1,502,592|
|||At||||At|
|||1 January|||Gains and 31 December||
|||2019|Income|Expenditure|losses|2019|
|||F|||F|F|
|General|funds|1,399,399|35,927|(74,763)|116,459|1,477,022|
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|Analysis ofnet as|sets between funds|||
|---|---|---|---|
|||Unrestdcted|Total Funds|
|||Funds|2020|
|||F||
|Investments||1,460,115|1,460,115|
|Current assets||51,032|51,032|
|Creditors less than|1 year|(8,555)|(8,555)|
|Net assets||1,502,592|1,502,592|
|||Unrestricted|Total Funds|
|||Funds|2019|
||||8|
|Investments||1,452,541|1,452,541|
|Current assets||33,024|33,024|
|Creditors less than|1 year|(8,543)|(8,543)|
|Net assets||1,477,022|1,477,022|