## ## ||||Page| |---|---|---|---| |Trustee's|annual
report||| |Independent
examiner's
report to the trustee|||| |Statement|offinancial|activities|| |Statement|of financial|position|| |Notes to|the financial|statements|| ## ## ## |Registered|charity|name|The Devon Historic Churches|The Devon Historic Churches|The Devon Historic Churches|The Devon Historic Churches|Trust| |---|---|---|---|---|---|---|---| |Charity registration||number|1189807||||| |Principal office|||The Old Farmhouse||||| ||||Hele Farm||||| ||||Hennock Road||||| ||||Bovey Tracey||||| ||||TQ13 9PP||||| |The trustees|||||||| ||||Lady Burnell-Nugent|||DL|| ||||Lady Anne Boles||DL||| ||||Mr H Harrison||||| ||||Mr C Hutchings||||| ||||The Late Mrs J Kauntze JP||||| ||||Rev. Dr. DJ Keep||||| ||||Mrs LA Martin||||| ||||Lt. Col. D Michie||||| ||||Mr J Mills||||| ||||Mrs C Plumstead||||| ||||Ven. J Rawlings||||| ||||Mr PTuckett DL||||| ||||Lt. Commander|CBTuke RN|||| ||||Miss E Stead||||| ||||Mr H Vollers||||| |Independent|examiner||Mr SJ Carrington||(FCA) For||and on behalf of| ||||Westcotts (SW)|LLP|||| ||||Chartered
Accountants||||| ||||Timberly||||| ||||South Street||||| ||||Axminster||||| ||||Devon||||| ||||England||||| ||||EX13SAD||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Year ended 31 March|2|02|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| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Donations
and legacies||| |---|---|---| ||Total|Total| ||Unrestricted|Unrestncted| ||Funds 2022|Funds 2021| ||2|2| |Donations|38,058|| |Subscriptions|3,672|| ||41,730|| ## ## ||||||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||| ## ## ## |Tangible fixed assets|| |---|---| ||Fixtures and| ||fittings| |Cost
At 1 April 2021 and 31 March 2022|614| |Depreciation|| |At 1 April 2021|123| |Charge for the year|123| |At 31 March 2022|| |Carrying
amount|491| |At 31 March 2022|| ||614| |At 31 March 2021|| ## ## ## |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|