| Forthe Year End | ed 31March 2022 | |
|---|---|---|
| Page Number | ||
| Annuai Report and Accounts |
2 —/ | |
| Independent Auditor's |
Report | |
| Statement of Financial | Activities | |
| Balance Sheet | 12 | |
| Notes to the Financial | Statements |
| NOTE | General | Designated | Restricted | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Fund | Fund | Funds | Total | Total | ||
| Fundsf | Fundsf | |||||
| Incoming Resources |
||||||
| Rents | 288,937 | 288,937 | 285,941 | |||
| Investment Income, |
||||||
| Donation h Interest | 43 738 | 43738 | 39,979 | |||
| Total Income | 332,675 | 332,675 | 325,920 | |||
| Resources Expended | ||||||
| Casts ofgenerahng funds: |
||||||
| Investment management |
87,777 | |||||
| costs | 57,695 | 59,749 | 117,444 | |||
| Charitable Aai vities: |
||||||
| Grants | 124,178 | 49,593 | 173,771 | 207,838 | ||
| Governance | 2,386 | 2,386 | 2,340 | |||
| Management 8 |
||||||
| Administration | 18675 | 18675 | 16599 | |||
| Total Resources | ||||||
| Expended | 202934 | 59749 | 49593 | 312276 | 315554 | |
| Sub Total | 129,741 | (59,749) | (49,593) | 20,399 | 11,366 | |
| Other Recon@ised | ||||||
| Gains and (Losses) | ||||||
| Investments | 14,052 | 140„657 | 154,709 | 381,940 | ||
| Net Incoming/ | 143,793 | (59,749) | 91,064 | 175,108 | 393,306 | |
| (Outgoing) Resources |
||||||
| Before Transfers | ||||||
| Transfers between Funds |
8/9 | (189,556) | 50,000 | 139,556 | ||
| NET MOVEMENT IN | ||||||
| FUNDS | (45,763) | (9I749) | 230r620 | 175,108 | 393306 | |
| Fund Balances Brought | ||||||
| forward at 01.04.21 | 145868 | 55 583 | 8 188171 | 8389 622 | 7 996 316 | |
| Fund balances carried forward at31.03.22 |
f100,105 | f45I834 | f8I418I791 | f8~5641730 | f8g389~622 |
| As At31Mar | ch 20 | 22 | |||||
|---|---|---|---|---|---|---|---|
| NOTE | General | Designated | Restricted | 2022 | 2021 | ||
| Fund | Fund | Funds | Total | Total | |||
| Funds | Funds | ||||||
| FIXEDASSETS | |||||||
| Tangible assets —Freehold | |||||||
| property | 0 | 6,201,067 | 6,201,067 | 6,201,067 | |||
| Cazenove Investments |
0 | 1,863,224 | 1,863,224 | 1,772,738 | |||
| 0 | 8~064~291 | 8~064~291 | 7I973IS05 | ||||
| CURRENT ASSETS | |||||||
| Debtors | 10 | 0 | 0 | 0 | 0 | 0 | |
| Cazenove Investment |
7 | 443,733 | 0 | 0 | 443,733 | 396,682 | |
| Cash at Sank | (302,183) | 45,834 | 354,500 | 98,151 | 59,168 | ||
| 141,550 | 45,834 | 354,500 | 541,884 | 455,850 | |||
| CURRENT LIABILITIES | |||||||
| Creditors (Amounts |
falling | ||||||
| due within one | year) | 11 | 41445 | 41445 | 40 033 | ||
| Net Current Assets / | |||||||
| (Liabilities) | 100,105 | 45s834 | 354r500 | 500s439 | 415,817 | ||
| NET ASSETS | f100,105 | f45I834 | fSs418s791 | f81564s730 | fSs3891622 | ||
| REPRESENTED BY: | |||||||
| General Fr md |
100105 | n | Q | 100 105 | 145868 | ||
| Designated Fund |
0 | 45,834 | 0 | 45,834 | 55,583 | ||
| Restricted Funds |
12 | 0 f100,105 |
0 f451834 |
8,418,791 fSs418~791 |
8,418,791 f81564t730 |
8,188,171 fSs3891622 |
| INVESTMENT MANAGEMENT | INVESTMENT MANAGEMENT | COSTS | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Property | Maintenance | 59,749 | 41,236 | |
| Property | Administration | 46,814 | 36,787 | |
| Investment Fees |
10881 | 9 754 | ||
| f117,444 | f87,777 |
| GRANTS fro | m | GE | NER | AL FU | ND | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||||||
| Grants to Ministers | of | United | Reformed | Churches | and Congregational | ||||||
| Churchec | in | the | Administrative | Co& inhl of | S»rrev | 78~139 | A7 J'47 f |
||||
| Grants for religious | purposes | 46,039 f124,178 |
69 600 f151832 |
||||||||
| GOVERNANCEI | MANAGEMENT | AND | ADMINISTRATION | OF THE | CHARITY | ||||||
| 2022 | 2021 | ||||||||||
| fnyernanee | |||||||||||
| Audit Fee | 2 386 | 2 340 | |||||||||
| K2386 | K2340 | ||||||||||
| Management | and | Administration | |||||||||
| Legal Fees | 840 | 540 | |||||||||
| Clerk's Fees | 17,019 | 15,314 | |||||||||
| Sundries | 816 | 745 | |||||||||
| f18675 | a16599 | ||||||||||
| TOTAL GOVERNANCE, | MANAGEMENT | AND ADMINISTRATION | f21,061 | f18,939 |
| 2022f | 2021 | |||
|---|---|---|---|---|
| Valuation | at | 1 April 2021 | 6,201,067 | 6,201,607 |
| Additions | at | Cost | 0 | 0 |
| Revaluation | Gain | 0 | 0 | |
| Value at | 31 | March 2022 | f6,201067 | f6201067 |
| NVESTMENTS | ||||
|---|---|---|---|---|
| General | Restricted | 2022 | 2021 | |
| Fsandf | Cisnrlc: ~ Mn 'N 18 |
|||
| Market Value at01.04.2021 | ||||
| Investments listed on a recognised |
395,744 | 1,675,541 | 2,071,265 | 1,766,478 |
| stock exchange | ||||
| Cash held as part ofthe Investment | 938 | 97,197 | 98,135 | 30,872 |
| portfolio | ||||
| Acquisitions in thc Year |
396,682 h 1AC x0v ciu |
1,772,738 sin c~~ JJ.V Vj7 |
2,169,420 A1h 87h |
1,797,350 Ch l A')L VVI VJV |
| 505,928 | 2,083,362 | 2,589,290 | 2,405,286 | |
| Disposals in the Year |
77,105 | 331976 | 409,081 | 685,069 |
| 428,823 | ].,751,386 | 2,180,209 | 1,720,217 | |
| Cash movements in the Year |
858 | 28 819 | 27 961 | 67263 |
| 429,681 | 1,722,567 | 2,152,248 | 1,787,480 | |
| Net gain/(loss) | 14052 | 140657 | 154709 | 381940 |
| 443,733 | 1,863 224 | 2306 957 | 2 169420 | |
| MarKet Value at31.03.2022 | ||||
| Investments listed on a recognised |
441,937 | 1,794,846 | 2,236,783 | 2,071,285 |
| stock exchange | ||||
| Cash held as part ofthe Investment | 1,796 | 68,378 | 70,174 | 98,135 |
| portfolio | ||||
| 443,733 | 1863,224 | f2306 957 | f2,169420 | |
| Historical Cost ofInvestments mc. al 21 n% '7fl99 WW W |
f392I896 | f1i456i431 | 1,849,327 | f1,796,695 |
| 8. | PROPERTY MAINTENANCE | PROPERTY MAINTENANCE | RESERVE | ||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| Balance as at 1 | April 2021 | 55,583 | 46,819 | ||||
| Add Transfer in |
the Year | 50 000 | 50,000 | ||||
| 105,583 | 96,819 | ||||||
| Less Expenditure | in the Year | 59749 | 41236 | ||||
| Balance as at 31 March 2022 | 645834 | f55583 | |||||
| 9. | PROPORTION of NET INCOME for those | in NEED | |||||
| 2022 | 2021 | ||||||
| One third ofthe | net income, | calculated as follows, transferrable | to the | ||||
| restricted | fund for the | relief of persons in "need, hardship |
or | ||||
| distress" | |||||||
| Total Incomll ig | Resources | 325)920 | |||||
| Other realised (losses)/gains | on Investment | Assets | 154709 | 43 585 | |||
| 487,384 | 369,505 | ||||||
| Less: Management and Administration |
18,675 | 16,599 | |||||
| Less: Property |
Maintenance | Reserve | 50 000 f418,709 |
50000 6302906 |
|||
| One third therefore | 6139,556 | 6100959 | |||||
| 10. | DEBTORS | ||||||
| 2022 | 2021f | ||||||
| Pre-payments and accrued Income |
0 | 0 | |||||
| KO | KO | ||||||
| 11. | CREDITORS (Amounts falling due within |
one year) | 2022 | 2n21 | |||
| Other Creditors | 41445 | 40 033 | |||||
| f41445 | f40 033 |
| Endowment | In Need | Total | ||
|---|---|---|---|---|
| Fund | Fund | Funds | ||
| Balance brought | forward at 1 April 2021 | 7,998,246 | 189,925 | 8,188,171 |
| Grants given in the year to 212 clients |
0 | (49,593) | (49,593) | |
| Other recognised | gains/(losses) | 140,657 | 0 | 140,657 |
| Allocations for the year to 31March 2022 |
0 | 139556 | 139556 | |
| Balance carried | forward at 31 March 2022 | K8,138,903 | K279r888 | K8,418,791 |