**Registered Charity number** 1171729 ## **THE ANDREW WORKMAN FUND** |**CONTENTS**|**PAGE**| |---|---| |Trustees’ Report|1| |Independent Examiners Report|2| |Statement of Financial Activities|3| |Balance Sheet|4| |Notes to the Accounts|5| 1 ## **THE ANDREW WORKMAN FUND TRUSTEES’ REPORT FOR THE YEAR ENDED 31st December 2020** ## **TRUSTEES’ RESPONSIBILITIES** Charity Law requires us as trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the profit or loss of the charity for that period. In preparing those financial statements, the trustees are required to: - - select suitable accounting policies and then apply them consistently; - make judgements and estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable us to ensure that the financial statements comply with the Charities Act 2011. We are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ## **Trustees** Charlotte Dunseath (until 31st August 2022) Joy Jellings (until 31st August 2021) ## **Ex-officio Trustees** Wynne Holcombe - Church Warden, North Nibley ## **Principal Activities** - 1) The principal objective of the charity is to advance the Christian Religion in North Nibley for the benefit of the public, by the provision of grants to local organisations and individuals, with particular emphasis on those who are less active and close to the church, the young to bring them along the path to God, for the elderly, to return to this path should they stray. - 2) General Reserve’s Policy - We have ascertained that there is no requirement to hold a substantial sum. The Trustees feel that we need to hold only a token sum and that the aim of our charity is to make grants as widely available as funds permit. ON BEHALF OF THE TRUSTEES W M Holcombe .............................................................. **W M Holcombe** 31st August 2021 2 ## **THE ANDREW WORKMAN FUND** ## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE THE ANDREW WORKMAN FUND** I report on the accounts of the Trust for the year ended 31 December 2020, which are set out on pages 3 to 5. ## **Respective responsibilities of trustees and examiners** As the charity’s trustees you are responsible for the preparation of the accounts, you consider that the audit requirement of S144 (2) of the Charities Act 2011 (the Act) does not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under S145 (5)(b) of the Act, whether particular matters have come to my attention. ## **Bases of independent examiner’s report** My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently, I do not express an audit opinion on the view given by the accounts. ## **Independent examiner’s statement** In connection with my examination, no matter has come to my attention: - 1) which gives me reasonable cause to believe that, in any material respect, the requirements: - . to keep accounting records in accordance with S130 of the Act; and - . to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act; - have not been met; or - 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. M Sykes ......................................................... 2021 ............................................. ## **M. SYKES** 3 ## **THE ANDREW WORKMAN FUND STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31st December 2020** |**31st December 2020**|||||| |---|---|---|---|---|---| ||||**2020**||**2019**| ||||**£**||**£**| |||**Unrestricted**|**Endowment**|**Total**|**Total**| |**INCOMING RESOURCES**|||||| |Investment Income - Bonds||1,831|
564|2,395|3,189| |Deposit Interest||10
|
-
|10
|31
| |||1,841|
564|2,405|3,220| |**CHARITABLE EXPENDITURE**|||||| |Charitable Giving|(4)
|
(1,277)
|
-
|(1,277)
|(420)
| |**NET INCOMING RESOURCES**||564|
564|1,128|2,800| |**UNREALISED GAINS ON RE-VALUATION**|||||| |**OF INVESTMENTS**||-
|
(133)
|(133)
|6,679
| |**NET MOVEMENTS IN FUNDS FOR THE YEAR**||564|
431|995|9,479| |**FUNDS BROUGHT FORWARD**||9,785
|
87,514
|97,299
|87,820
| |**FUNDS CARRIED FORWARD**||10,349
|
87,945
|98,294
|97,299
| 4 ## **THE ANDREW WORKMAN FUND** ## **BALANCE SHEET AT 31st December 2020** |**INVESTMENTS**
(3)
**CURRENT ASSETS**
Balance at Bank
**Less**
**CREDITORS - AMOUNTS DUE WITHIN ONE YEAR**

**NET ASSETS**

**Financed by:-**
General Purposes Fund
Endowment Fund
|**2020**
**£**
88,218
10,513
(437)

98,294

10,349
87,945
98,294
|**2019**
**£**
87,788
9,511
-

97,299

9,785
87,514
97,299
| |---|---|---| These financial statements were approved by the Trustees on 31st August 2021 ON BEHALF OF THE TRUSTEES W M Holcombe ......................................................................................... Wynne Holcombe 2021 5 ## **THE ANDREW WORKMAN FUND NOTES AND SCHEDULES ON THE ACCOUNTS TO 31st December 2020** ## 1. **ACCOUNTING POLICIES** - a) The financial statements have been prepared on the historical cost convention, the accounts are in accordance with applicable accounting standards, the Charities SORP (FRS 102) (Accounting and Reporting by Charities) and comply with the Charities (Accounts and reports) Regulations 2005 issued under the Charities Act 2011. - b) Voluntary income is received by way of donation and gifts and is included in full in the Statement of Financial Activities when receivable. The value of services provided by volunteers has not been included. - c) Resources expended are recognised in the period in which they are incurred, and include attributable VAT which cannot be recovered. ## 2. **ANALYSIS OF NET ASSETS BY FUND** ||||**Net assets**|| |---|---|---|---|---| ||Unrestricted Funds||10,349|| ||Endowment Fund||87,945|| ||||98,294|| |3.|**INVESTMENTS**|||| |||**BLK Charities**|**BLK Charities**|**TOTAL**| |||**UK Bond Fund**|**UK Equity Fund**|| |||**A Income**|**A Accumulation**|| |COST||55,000|31,405|86,405| |ADDITIONS - Re-investments
||-
|564|564
| |||55,000|31,969|86,969| |REVALUATION since purhase
||1,936
|(687)|1,299
| |**MARKET VALUE 31ST DECEMBER 2020**
||56,936
|31,282|88,218
| |4.|**CHARITABLE GIVING**|||| ||North Nibley School, leavers Bibles|152||| ||North Nibley School Ising pop Deposit|252||| ||North Nibley School Ipad|329||| ||North Nibley Chapel, Messy Church Sponsorship|40||| ||Churches Together Advent Bags|200||| ||Rev Peter Marsh Ipad
|304
||| |||1,277
||| 6