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|BIRCH|Robin Arthur|||
|---|---|---|---|
|BUTCHARD|Sharon|Appointed|April 2020|
|CHRISTIE|Charlotte|||
|CRONAN|William Stanley|Appointed|April 2020|
|GAY|Judith Garry Mary|||
|GILMAN|Thomas
Edward|Resigned|April 2020|
|GOULD|John Vincent|||
|HILLIARD|Catherine
Elizabeth|||
|JONES|Graham
Roderick|||
|MACTAGGART|Jane Lindsay|||
|TOMES|Jason Hunter|||
|WHITTINGTON|Richard Michael|Resigned|September 2020|
|WOODWARD|Anthony
Robert|Chairman|ofTrustees &Board|
|||Resigned|January 2021|
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||||Unrestricted|Endowment|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|
|||Note|Funds||Funds|2020|2019|
|Income and endowments||from:||||||
|Donations
and legacies||||||||
|Donations|||150|||150|1,259|
|Legacies|||15,808|||15,808||
|Charitable
activities||||||||
|Property income—||3|190,711|||190,711|171,963|
|Stones
Court||||||||
|Investments||4|210196|||210196|252 326|
|Total income|||416865|||416865|425 548|
|Expenditure
on:||||||||
|Raising funds||||||||
|Property
maintenance|and fees||5,358|||5,358|8,758|
|Investment
management||fees|||15,711|15,711|16,572|
|Charitable
activities||5||||||
|Stones Court|||271,733|||271,733|270,580|
|Grant making|||100883|||100863|138994|
|Total expenditure|||377974||15711|393685|434904|
|Net income before||||||||
|investment
gains|||38,891||(15,711)|23,180|(9,356)|
|Net gains/(losses)
on||||||||
|investments||10|||290791|290791|323737|
|Net income|||38,891|(306,502)||(267,611)|314,381|
|Transfers||||||||
|Net movement
in funds
Reconciliation
offunds:|||38,891|(306,502)||(267,611)|314,381|
|Fund balances
brought||||||||
|forward
at01.01.20|||1 756209|5|213256|6969465|6655084|
|Fund balances carried
forward at 31.12.20|||~51|~4|||9 9465|
##
||||Unrestricted|Endowment|Total|
|---|---|---|---|---|---|
|||Note|Funds|Funds|2019f|
|Income and endowments||from:||||
|Donations
and legacies||||||
|Donations|||1,259||1,259|
|Other trading
activities||||||
|Stones Court lets||||||
|Charitable
activities||||||
|Property
income—||3|171,963||171,963|
|Stones
Court||||||
|Investments||4|252 326||252 326|
|Total income|||~425 548||425 548|
|Expenditure
on||||||
|Raising funds||||||
|Property
maintenance|and fees||8,758||8,758|
|Investment
management||fees||16,572|16,572|
|Charitable
activities||||||
|Stones Court|||270,580||270,580|
|Grant making|||138994||138994|
|Total expenditure|||418332|16572|434904|
|Net income before||||||
|investment
gains|||7,21 6|(16,572)|(9,356)|
|Net gains/(losses
on||||||
|investments)||10||323 737|323 737|
|Net income|||7,216|307,165|314,381|
|Transfers||||||
|Net movement
in funds|||7,216|307,165|314,381|
|Reconciliation
offunds:||||||
|Fund balances
brought||||||
|forward
at 01.01.19|||1 748993|4 906091|6655084|
|Fund balances carried||||||
|forward at 31.12.19||||5213256|~969465|
##
||||||Note|2020|2020|2019|
|---|---|---|---|---|---|---|---|---|
|||||||||E|
|FIXEDASSETS|||||||||
|Fixed assets for|charity use||||9|1,856,746||1,936,674|
|Investments|||||10|5223|418|5 521 588|
|||||||7080|164|7458262|
|CURRENT ASSETS|||||||||
|Debtors||||||17,724||459|
|Cash at bank and
in hand||||||~314|890|299472|
|||||||332,614||299,931|
|CREDITORS: AMOUNTS||FALLING DUE WITHIN ONE YEAR|||12|89|350|122767|
|NET CURRENT|ASSETS|||||243|264|177164|
|TOTAL ASSETSLESSCURRENT LIABILITIES||||||7,323,428||7,635,426|
|CREDITORS:|AMOUNTS|FALLING|DUE MORE THAN|ONE|||||
|YEAR|||||15|~627|574|~665 961|
|NET ASSETS|||||||||
|FUNDS|||||||||
|Endowment
(page 13)||||||4,906,754||5,213,256|
|Unrestricted
(page 13)||||||'! 795|100|1 756209|
|||||||~61|4||
##
##
|ANALYSIS OF ENDOW|MENT
AND UNRESTRICTED FUN|DS BYCHARITY||
|---|---|---|---|
|2020|The City of|Extraordinary||
||Oxford|Repairs||
||Charity|Funds|Total|
|ENDOWMENT||||
|Opening
balance|5,213,256||5,213,256|
|Expenditure|(15,711)||(15,711)|
|Gain on investments|~220 721||~200 721|
|Closing balance||||
|UNRESTRICTED||||
|Opening
balance|1,735,954|20,255|1,756,209|
|Income|416,834|31|416,865|
|Expenditure
Transfers|(377,974)
~30000|30000|(377,974)|
|Closing balance|~14
4|50286|~910|
|2019|The City of|Extraordinary||
||Oxford|Repairs||
||Charity|Fundsf|Total
E|
|ENDOWMENT||||
|Opening
balance|4,906,091||4,906,091|
|Expenditure|(16,572)||(16,572)|
|Gain on investments|323 737||323737|
|Closing balance|21
2||~521
2|
|UNRESTRICTED||||
|Transfer from charity|1,748,754|239|1,748,993|
|Income|425,532|16|425,548|
|Expenditure|(418,332)||(418,332)|
|Transfers|~20 llDD|20000||
|Closing balance||20225|1 75|
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|ANALYSIS OF SUPPO|RT COSTS||||||||
|---|---|---|---|---|---|---|---|---|
||||Grant||||||
|||Stones|Making||||||
|||Court|Activity||2020|||2019|
|||E||||F|||
|Salaries||22,467|22,947||45,414||44,933||
|Printing,
postage,
bank charges|||||||||
|and sundry expenses||6,394|6,393||12,787|||9,698|
|Governance
costs;|||||||||
|Legal and professional|fees|4,862|3,242||8,104|||780|
|Auditors
remuneration|-audit|3,312|2,208||5,520|||5,520|
|Auditors
remuneration|-other services|68||46|114|||942|
|||~37 1|~||~3||~61 87||
|Support costs are allocated to activities using an estimate ofthe time||||spent on each||activity||by the|
|employees.|||||||||
|ANALYSIS OF NET ASSETSPER FUND|||||||||
|Below is this analysis of net assets by funds.|||||||||
|||Unrestricted||Endowment|||||
|31 December 2020||Funds
6|||Fundsf|||Total|
|FIXEDASSETS|||||||||
|Fixed assets for charity|use|1,856,746|||||1,856,746||
|Investments|||475,000||4,748,418||5,223,418||
|NET CVRRENT ASSETS|||243,264||||243,264||
|LONG TERM CREDITORS|||(621,574)||||(621,574)||
|LOAN BETWEEN FUNDS|||~158336||158336||||
|NET ASSETS||1797~0|||~74||~7||
|31 December 2019|||||||||
|FIXEDASSETS|||||||||
|Fixed assets for charity|use|1,936,674|||||1,936,674||
|Investments|||475,000||5,046,588||5,521,588||
|NET CURRENT ASSETS|||177,164||||177,164||
|LONG TERM CREDITORS|||(665,961)||||(665,961)||
|LOAN BETWEEN FUNDS||~166668|||166668||||
|NET ASSETS||~1756209|||~521325||~969||
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##
|STAFF COSTS||||||||
|---|---|---|---|---|---|---|---|
|||||||2020|2019|
|||||||6||
|Salaries||||||67,741|63,212|
|National
Insurance||||||2,726|2,431|
|Pension contributions|||(defined contribution||scheme)|1 370|1 709|
|||||||71 837|~67|
|No employee|earned||more|than E60,000|in 2020 or 2019|||
|Key management||personnel||remuneration|||3992|
|Average number||ofemployees||||||
|FIXEDASSETS||FOR|CHARITY USE|||||
|||||||Stones Court|Improvements|
|Cost||||||||
|Brought forward|||||||2,397,827|
|Additions||||||||
|Carried forward||||||||
|Depreciation||||||||
|Brought forward|||||||461,153|
|Charge for year|||||||79928|
|Carried forward|||||||541 081|
|Net book value||||||||
|At 31 December||2020|||||~856~7|
|At 31 December||2019|||||~13
74|
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##
##
|10|INVESTMENT AS|SE|TS|||||||
|---|---|---|---|---|---|---|---|---|---|
||||||||2020||2019|
||||||||6||6|
||Freehold
properties|at|market value|||(note 16)|1,474,000|1,474,000||
||Investments
in securities||||||3,692,189|4,024,003||
||Cash held for investment|||purposes|||57229||23555|
|||||||||~5521||
||||||||2020||2019f|
||Opening
value offreehold|||properties|||1,474,000|1,474,000||
||Increase
in valuation|||||||||
||Closing value offreehold|||properties||(note 16)|1 474000|1|474000|
||Opening
market value||of|investments||in securities|4,024,003|3,727,115||
||Additions||||||1,596,258||263,868|
||Disposal proceeds
(Loss)/Gain
on investment|||assets|||(1,637,281)
~299791|(290,717)
323 737||
||Closing market value|of investment||||in securities|||003|
||Analysis
of investment||securities||into distinct types:|||||
||UK Bond Funds||||||516,922||703,767|
||Equity Funds||||||2,289,146|2,336,378||
||Property
Funds||||||687,010||792,425|
||Other||||||199111||191433|
||||||||~692 189|~4||
|11|DEBTORS|||||||||
||||||||2020||2019|
||||||||6||8|
||Legacies receivable||||||15,808|||
||Other debtors||||||1 916||459|
##
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##
|CREDITO|RS: AMOUNTS
FALLING DUE WITHIN ON|E YEAR||
|---|---|---|---|
|||2020|2019|
|||6||
|Grants payable||3,800|3,940|
|Accruals||28,907|62,737|
|Deferred|income|14,176|15,195|
|Bank loan|less than one year|42467|40895|
|||89350|122|
##
|CRE|DITO|RS: ANIO|UNTS
FALLING DUE AFTER MORE|THAN ONE YEAR||
|---|---|---|---|---|---|
|||||2020|2019|
|||||E||
|Bank|loan|between|two and five years|186,677|179,818|
|Bank|loan|for more|than five years|434 897|486 143|
|||||621 574|665961|
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|Property|inco|me includes the|following
amounts
relating|to the freehold|properties:||
|---|---|---|---|---|---|---|
||||58||15Alma||
||||StClemente|Gosfordf|Placef|Totalf|
|Income|||59,849|670|17,684|78,203|
|Market|value|2020|900000|99000|475000|~1474|
|Market|value|2019|QQQJ)QQ|BRQQQ|4Z5JKQ|~74 000|
##
##
||||||2020f|2019|
|---|---|---|---|---|---|---|
|INCOME|||||||
|Donations|||||150|1,259|
|Legacies|||||15,808|-1|
|Investment
income|||||210,165|252,310|
|Property
income —Stones|Court||||190711|171963|
|TOTAL INCOME FOR YEAR||||||~42
32|
|EXPENDITURE|||||||
|Raising Funds|||||||
|- Property
maintenance|and|fees|||5,358|8,758|
|Stones Court|||||||
|—Manager's
salary|||||26,423|22,419|
|- Repairs and maintenance|||||72,476|82,468|
|- Utiiities|||||19,425|20,295|
|- Depreciation
ofStones|Court improvements||||79,928|70,300|
|- Loan interest|||||22,772|25,950|
|-Other|||||13,606|17,280|
|Grants|||||||
|- Relief in need/sickness|||||57,650|80,647|
|- Bankruptcy fees|||||4,450|10,790|
|- Education
grants|||||3,947|17,552|
|Support costs|||||||
|-Salaries|||||45,414|44,933|
|- Printing,
postage,
bank|charges||and sundries||12,787|9,698|
|Governance
costs|||||||
|-Legal and professional|||||8,104|780|
|-Audit and accountancy
TOTAL EXPENDITURE FOR||THE|YEAR||5634
~4|6462
418332|
|SURPLUS FOR THE YEAR|||||38,860|7,200|
|Net income for year on designated|||funds||||
|Extraordinary
repairs fund|||||31|16|
|Net income before investment||gains from unrestricted||funds|||