**Registered Charity number** 1171729 ## **THE ANDREW WORKMAN FUND** |**CONTENTS**|**PAGE**| |---|---| |Trustees’ Report|1| |Statement of Financial Activities|2| |Balance Sheet|3| |Notes to the Accounts|4| 1 ## **THE ANDREW WORKMAN FUND TRUSTEES’ REPORT FOR THE YEAR ENDED 31st December 2021** ## **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** Joy Jellings (until 2024) Carole Smith (until 2024) Peter Hall (until 2024) ## **Ex-officio Trustees** Wynne Holcombe (until 31[st] August 2021, Church Warden of St. Martins, North Nibley) Suzanne Devine (Church Warden of St. Martins, North Nibley) John Hay (Church Warden of St. Martins, North Nibley) Rev. Rachel Cooke (Vicar of St. Martins, 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 .............................................................. **Peter Hall - Chairman** 12[th] October 2022 2 ## **THE ANDREW WORKMAN FUND STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31st December 2021** |**31st December 2021**|||||| |---|---|---|---|---|---| ||||**2021**||**2020**| ||||**£**||**£**| |||**Unrestricted**|**Endowment**|**Total**|**Total**| |**INCOMING RESOURCES**|||||| |Investment Income - Bonds||1,734|
906|2,640|2,395| |Deposit Interest||1
|
-
|1
|10
| |||1,735|
906|2,641|2,405| |**CHARITABLE EXPENDITURE**|||||| |Charitable Giving|(4)
|
(1,243)
|
-
|(1,243)
|(1,277)
| |**NET INCOMING RESOURCES**||492|
906|1,398|1,128| |**UNREALISED GAINS ON RE-VALUATION**|||||| |**OF INVESTMENTS**||-
|
(279)
|(279)
|(133)
| |**NET MOVEMENTS IN FUNDS FOR THE YEAR**||492|
627|1,119|995| |**FUNDS BROUGHT FORWARD**||10,349
|
87,945
|98,294
|97,299
| |**FUNDS CARRIED FORWARD**||10,841
|
88,572
|99,413
|98,294
| 3 ## **THE ANDREW WORKMAN FUND** ## **BALANCE SHEET AT 31st December 2021** |**INVESTMENTS**
(3)
**CURRENT ASSETS**
Balance at Bank
**Less**
**CREDITORS - AMOUNTS DUE WITHIN ONE YEAR**

**NET ASSETS**

**Financed by:-**
General Purposes Fund
Endowment Fund
|**2021**
**£**
88,845
11,005
(437)

99,413

10,841
88,572
99,413
|**2020**
**£**
88,218
10,513
(437)

98,294

10,349
87,945
98,294
| |---|---|---| These financial statements were approved by the Trustees on 12[Th] October 2022 ON BEHALF OF THE TRUSTEES ......................................................................................... Peter Hall -Chairman 4 ## **THE ANDREW WORKMAN FUND NOTES AND SCHEDULES ON THE ACCOUNTS TO 31st December 2021** ## 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|10,841| |Endowment Fund|88,572| ||99,413| ## 3. **INVESTMENTS** |||**BLK Charities BLK Charities**|**BLK Charities BLK Charities**|**TOTAL**| |---|---|---|---|---| |||**UK Bond Fund UK Equity Fund**||| |||**A Income**|**A Accumulation**|| |COST||55,000|31,969|86,969| |ADDITIONS - Re-investments
||-
|906|906
| |||55,000|32,875|87,311| |REVALUATION brought||1,936|(687)|1,249| |REVALUATION FOR YEAR||(3,844)|3,565|(279)| |||(1,908)
|2,878|970
| |**MARKET VALUE 31ST DECEMBER 2021**
||53,092
|35,753|88,845
| |4.|**CHARITABLE GIVING**|||| ||North Nibley School, leavers Bibles|195||| ||North Nibley School Ising pop Deposit|1,008||| ||North Nibley Chapel, Messy Church Sponsorship
|40
||| |||1,243
||| 5