Wimborne Minster Church Estate
Registered Charity 1159374
Trustees report for the year ended 31st December 2021
1 Name
Wimborne Minster Church Estate
2 Registered number
1159374
- 3 Trustees who served during the year
Rev Andrew J W Rowland Peter F Cook Bruce P Jensen
Registrar to the Trustees Francis W Howard - Vine
4 Principal address Church House, High Street, Wimborne, Dorset, BH21 1HT
5 Relevant Organisations and Bankers CCLA, Senator House, 85 Victoria Persons Street, London, EC4V 4ET TSB plc, 5 The Square, Wimborne, BH21 1JE Independent Examiner John Arthur Ridout FCCA Westering, Giddylake, Wimborne BH21 2QU
6 Governing Instrument A declaration of Trust dated 15 October 1971. The trustees are an unincorporated body. The trust's objectives are providing support for the Fabric Sinking Fund and the Heating and Lighting of the Church. Under the Declaration of Trust the trustees' powers are unlimited but the funds are restricted by the terms of the Trust deed.
7 Activities The trustees seek to raise money for the trust:
- a. by letting property b. investment income from low risk investments
8 Management The Trustees meet on an occasional basis to review progress and in compliance with with Governance matters.
- 9 Reserves The Trustees believe that the Charity should maintain free funds of £50,000.
Signed Peter F Cook - Trustee Date 23rd August 2022
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Wimborne Minster Church Estate
Registered Charity 1159374
Independent examiner’s report to the Trustees of the Wimborne Minster Church Estate
I report to the charity trustees on my examination of the accounts of the Wimborne Minster Church Estate (the Trust) for the year ended 31[st] December 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(B) of the Act.
Independent examiner’s statement
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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2 the accounts do not accord with those records; or
3 the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.
Name: John A Ridout
Relevant professional qualification or body: FCCA
Westering Giddylake Wimborne Dorset BH21 2QU
Date : 23rd August 2022
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Wimborne Minster Church Estate
Registered Charity 1159374
Statement of Financial Activities for the year ended 31st December 2021
| Notes Income and Expenditure Donations Rental income ` Investment income 1 Resouces expended Expenditure 2 Total resouces expended or committed Net incoming resources for the year Unrealised gain on investments Net movement in funds Reconcilation of funds At 1st January 2021 At 31st December 2021 |
Restricted fund 2021 £ - 42,173 11,324 53,497 90,937 90,937 (37,440) 63,012 25,572 1,297,668 1,323,240 |
Restricted fund 2020 £ - 52,967 10,932 63,899 60,971 60,971 2,928 25,157 28,085 1,269,583 1,297,668 |
|---|---|---|
All funds are restricted to be used in accordance with the Trust deed dated 15th October 1971
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Wimborne Minster Church Estate
Registered Charity 1159374
Balance Sheet at 31st December 2021
| Notes Fixed assets Investment property 5 Current assets Investments 3 Cash at bank Representing Restricted reserves |
2021 £ 865,000 446,077 12,163 458,240 1,323,240 1,323,240 |
2020 £ 865,000 389,476 43,192 432,668 1,297,668 1,297,668 |
|---|---|---|
Approved by the Trustees on 23rd August2022 and signed on their behalf by:
Peter F Cook
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Wimborne Minster Church Estate Registered Charity 1159374
ACCOUNTING POLICIES
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordnace with Charities SORP (FRS 102) "Accounting and reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities Act 2011.
The financial statements have been prepared under the historical cost convention except for investment assets which are shown at market value. The financial statements include all transactions, assets and liabilities for which the charity is responsible in law.
Funds
Unrestricted funds are general funds which can be used for Trust's ordinary purposes.
The purpose of any restricted funds is noted in the accounts. Any balance unspent at the end of the year must be carried forward as a balance on that fund.
Incoming Resources
Voluntary income and capital sources
Grants and legacies are accounted for when the Trust is legally entitled to the amounts due. Dividends are accounted for when receivable, interest is accrued. All incoming resources are accounted for gross.
Investment gains and losses
Realised gains and losses are recognised when investments are sold. Unrealised gains or losses are accounted for on revaluation of investments at 31st December.
Resources expended
Grants and donations are accounted for when paid over. All other expenditure is generally recognised when it is incurred and accounted for gross.
Investment property
Investment property is shown at fair value at 31st December 2018. The most recent valuation was carried out by A Cosgrove and in the opinion of the Trustees the value has not changed materially since that date.
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Wimborne Minster Church Estate
Registered Charity 1159374
Notes to the accounts
| 1 Investment income CBF Investment Fund 2 Expenditure Minster heat and light Insurance Independent examination Wimborne Minster Fabric Repairs and Restoration Lighting project Organ Project Church House maintenance and repairs Sundry including office expenses 3 Investments Units held at 1st January 2021 Units held at 31st December 2021 Valuation at 1st January 2021 Valuation at 31st December 2021 |
2021 2020 £ £ 11,324 10,932 11,324 10,932 £ £ 13,500 10,000 4,050 3,587 300 300 3,224 46,609 55,163 - 14,500 - 200 200 - 275 90,937 60,971 19,048.37 19,048.37 £ 389,476 446,077 The CBF Church of England Investment Fund |
|---|---|
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Wimborne Minster Church Estate
Registered Charity 1159374
4 Comparative figures
| Donations Rental income Investment income Resouces expended Expenditure Total resouces expended or committed Net incoming / outgoing resources for the year Unrealised loss/gains on investments Net movement in funds Reconcilation of funds At 1st January 2020 At 31st December 2020 |
2020 2019 £ £ - - 52,967 53,105 10,932 10,613 63,899 63,718 60,971 153,791 60,971 153,791 2,928 (90,073) 25,157 56,717 28,085 (33,356) 1,269,583 1,302,939 1,297,668 1,269,583 |
|---|---|
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