MARTON-IN-CRAVEN CHURCH TRUST
Charity Commission number: 1177395 registered 2nd March 2018
ANNUAL ACCOUNTS FOR 2021
| 2020 | INCOME | 2020 | EXPENDITURE | ||
|---|---|---|---|---|---|
| Income for capital: | 0 | Liturgical materials | 53.50 | ||
| 7000 | Standing order | 5,000.00 | 338 | Church maintenance | 550.00 |
| 0 | Donations & legacies | 0.00 | Ordinary Expenditure | £603.50 | |
| Income for grants: | Shares bought this year | 11,000.00 | |||
| 512 | Dividends from CoE CBF | 749.67 | £11,603.50 | ||
| 603 | Gift Aid from HMRC | 2,017.89 | Excess of exp. over inc. | (3,835.94) | |
| Ordinary Income | £7,767.56 | £7,767.56 |
BALANCE SHEET for 2021
| BEGINNING OF THE YEAR | END OF THE YEAR | ||
|---|---|---|---|
| Current Account | 4,629.27 | Current Account | 793.33 |
| Capital Fund | 20,000.00 | Existing Capital – 1068 shares | 20,000.00 |
| Opening balance | £24,629.27 | Shares bought during the year | 11,000.00 |
| Excess of ordinary exp.over inc. | 7,164.06 | ||
| £20,793.33 | Closing balance | £31,793.33 |
ANNUAL REPORT & COMMENTS ON THE ACCOUNTS
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Income. 2021 was in general terms a disappointing year for dividends; we are glad that the Church of England Investment Fund dividends have held up. We received no donations nor legacies in the course of 2021.
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Expenditure. The church council agreed to install a hearing loop system in church. £1,000 was received by donation; the trustees agreed to fund the remaining £550; by all accounts, it has been well received. A further £53.50 was paid for an altar edition of the Book of Common Prayer.
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194.80 shares were bought, for £4,000, on 2nd February; 92.66 were bought, for £2,000 on 15th June; 213.70 were bought on 23rd November, for £5,000; giving a total at the end of the year of 1,569.29 shares, with a market value of £36,683 on 31.12.21.
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The AGM was held in church after the morning service on 6th June 2021. We were pleased to welcome Toby Stephenson as a new trustee.
Nicholas Turner Hon. Treasurer