ALL SAINTS BROUGHTON CHURCH TRUST
Trustees: Canon Nicholas Turner : Miss Annette Goldsmith : Mrs Jean Lancaster : Fr Alex Ladds Charity Commission number 1181967 registered 11th February 2019
ANNUAL ACCOUNTS FOR 2021
| 2020 | INCOME | 2020 | EXPENDITURE | ||
|---|---|---|---|---|---|
| Income for capital: | 0 | Liturgical materials | 121.52 | ||
| 0 | Donations | 2,000.00 | Ordinary Expenditure | £121.52 | |
| Income for grants: | 3000 | Shares bought this year | 2,500.00 | ||
| 654 | Dividends from CoE CBF | 721.32 | £2,621.52 | ||
| 275 | Gift Aid tax refund | 0.00 | Excess of inc. over exp. | 99.80 | |
| Ordinary Income | £2,721.32 | £2,721.32 |
BALANCE SHEET for 2021
| BEGINNING OF THE YEAR | END OF THE YEAR | ||
|---|---|---|---|
| Current Account | 503.55 | Current Account | 603.55 |
| Capital Fund | 20,000.00 | Existing Capital – 1,202 shares | 20,000.00 |
| Opening balance | £20,503.55 | Shares bought in 2020 | 2,500.00 |
| Excess of ordinary inc. over exp. | 2,600.00 | ||
| £23,103.55 | Closing balance | £23,103.55 |
REPORT OF THE YEAR & ACCOUNTING NOTES
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Income. A) We received two donations during the year, for which we are most grateful. B) 2021 was not a good year for dividends generally, what with Covid, so we are happy that our own income did not take a hit. C) Because there were no donations of any kind in 2020, we were not able to make an application for a tax refund on Gift Aid.
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Expenditure. Liturgical materials were bought for a departing curate and an arriving rector. Our principal aim, in these very early years of the Trust, remains to build up the capital as much as possible, so that a more useful income can be gained for when it is truly needed. To this end:
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Further shares were brought during the year in the Church of England Central Board of Finance Investment Fund (Income): 23.16 shares were bought, for £500, on 15[th] June; 87.84 shares were bought, for £2,000, on 26[th] October; giving a total at the end of the year of 1,313.07 shares, with a market value of £30,690 on 31.12.21.
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The AGM was held in church after the Eucharist on 6th June 2021; the existing trustees expressed their willingness to continue.
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BACS for gifts: Name : All Saints Broughton Church Trust Sort : 20-98-98 Barclays A/c : 53471837
Nicholas Turner – Chairman