2022-03-31-accounts - The Devon Historic Churches Trust

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Trustee's	annual report
Independent examiner's report to the trustee
Statement	offinancial	activities
Statement	of financial	position
Notes to	the financial	statements

Year ended 31 March	2	2
				2022	2021
				Total	Total
				unrestricted	unrestncted
				funds	funds
			Note	6	E
Income and endowments
Donations and legacies Other trading activities				41,730 29,315
Investment income				22,701
Other income					1,350,447
Total income				93,746	1,350,447
Expenditure
Expenditure on raising funds:
Costs of other trading	activities		8	6,272
Investment management costs Expenditure on charitable activities			9 10,11,12	5,987 59,496
Total expenditure				71,755
Net gains on investments			13	91,021
Net income and net movement		in funds		113,012	1,350,447
Reconciliation offunds
Total funds brought forward				1,350,447
Total funds carried forward				1,463,459	1,350,447

31 March	2022
				Note	2022 f	2021f
Fixed assets
Tangible fixed assets Investments				18 19	491 1,384,809	614 1,314,646
					1,385,300	1,315,260
Current assets
Debtors				20	317	526
Cash at bank	and in	hand			136,355	86,680
					136,672	87,206
Creditors: amounts		falling	due within one year	21	58,513	52,019
Net current	assets				78,159	35,187
Total assets	less current		liabilities		1,463,459	1,350,447
Net assets					1,463,459	1,350,447
Funds ofthe charity
Unrestricted	funds				1,463,459	1,350,447
Total charity	funds			22	1,463,459	1,350,447

					Total	Total
					Unrestricted	Unrestricted
					Funds 2022	Funds 2021
	Devon Historic Churches			Day	29,315
6.	Investment income
					Total	Total
					Unrestricted	Unrestricted
					Funds 2022	Funds 2021
	Income from	listed investments			22,548
	Bank interest	receivable			22
	Other interest	receivable			131
					22,701
7.	Other income
					Total	Total
					Unrestricted	Unrestricted
					Funds 2022	Funds 2021
	Transfer of funds					1,350,447
8.	Costs of other trading		activities
					Total	Total
					Unrestricted	Unrestricted
					Funds 2022	Funds 2021
	Devon Historic Churches Devon Historic Churches			Day —Salaries Day - Advertising	5,908 364
					6,272
9.	Investment	management		costs
					Total
					Unrestricted	Unrestricted
					Funds 2022	Funds 2021
	Portfolio management				5,987

10.	Expenditure on charitabl	e activities by	fund type
				Total		Total
				Unrestricted		Unrestncted
				Funds 2022		Funds 2021
	Grants made (see note 12) Support costs (see note 11)			48,500 10,996
				59,496
11.	Analysis of support costs
					Total 2022	Total 2021
	Staff costs				4,330
	Communications and IT Governance costs				312 3,417
	General office costs				2,937
					10,996
12.	Analysis ofgrants
					2022	2021
	G~ni m d Unpaid amounts brought Sums paid in year Small grants paid Unpaid amounts carried Devon Historic Churches	forward forward Day payments	to churches		(49,250) 16,500 12,750 55,550 12,950
	Total Grants made				48,500
13.	Net gains on investments
				Total		Total
				Unrestricted		Unrestricted
				Funds 2022		Funds 2021
	Gains/(losses) on listed	investments		91,021

14.	Net income
	Net income is stated after		charging/(crediting):			2022	2021
	Depreciation	of tangible fixed assets				123
15.	Independent	examination	fees
						2022	2021
	Fees payable Independent	to the independent examiner for: examination of the financial statements				585		550
16.	Staff costs
	The total staff costs and employee			benefits for the reporting	pedod	are analysed as 2022	follows:	2021
						10,238

19.	Investments
			Cash or cash	Other
			equivalents	investments	Total
	Cost or valuation
	At 1 April 2021 Additions		50,199	1,264,447 1,332,477	1,314,646 1,332,477
	Disposals Realised gain on investment Unrealised gain on investments Net movement in cash		(43,411)	(1,309,924) 65,072 25,949	(1,309,924) 65,072 25,949 (43,411)
	At 31 March 2022		6,788	1,378,021	1,384,809
	Impairment
	At 1 April 2021 and 31 March 2022
	Carrying amount At 31 March 2022		6,788	1,378,021	1,384,809
	At 31 March 2021		50,199	1,264,447	1,314,646
	All investments shown	above are held at valuation.
20.	Debtors
				2022	2021
				2	2
	Prepayments and accrued income			317	526
21.	Creditors: amounts	falling due within one year
				2022	2021
					2
	Accruals and deferred	income		2,963	2,769
	Undrawn grants			55,550	49,250
				58,513	52,019

fd
Unrestricted uns						At
	At 1 April 2021	Income	Expenditure	Gains and 31 losses 6		March 202 2
General funds	1,350,447	93,746	(71,755)	91,021		1,463,459
						At
General funds	At 1 April 2020	Income F 1,350,447	Expenditure	Gains and 31 losses F		March 202 1 1,350,447
Analysis of net assets between funds
				Unrestricted	Total Funds
				Funds		2022
Tangible fixed assets Investments Current assets Creditors less than 1 year				491 1,384,809 136,672 (58,513)		491 1,384,809 136,672 (58,513)
Net assets				1,463,459		1,463,459
				Unrestricted		Total Funds
				Funds		2021
Tangible fixed assets Investments Current assets Creditors less than 1 year				614 1,314,646 87,206 (52,019)		614 1,314,646 87,206 (52,019)
Net assets				1,350,447		1,350,447