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|Trustees'|annual
report|||
|Independent
examiner's
report to the trustees||||
|Statement|of financial|activities||
|Statement|of financial|position||
|Notes to the financial||statements||
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|||||2023|2023|2022|
|---|---|---|---|---|---|---|
|||||Unrestricted|||
|||||funds|Total funds|Total funds|
||||Note|6|6|2|
|Income and endowments|||||||
|Donations
and legacies|||4|76,565|76,565|41,730|
|Other trading
activities|||5|24,283|24,283|29,315|
|Investment
income|||6|26,077|26,077|22,701|
|Total income||||126,925|126,925|93,746|
|Expenditure|||||||
|Expenditure
on raising funds:|||||||
|Costs of other trading|activities||7|7,336|7,336|6,272|
|Investment
management||costs|8|2,304|2,304|5,987|
|Expenditure
on charitable|activities||9,10|72,431|72,431|59,496|
|Total expenditure||||82,071|82,071|71,755|
|Net (losses)/gains
on investments|||12|(116,861)|(116,861)|91,021|
|Net (expenditure)/income|and net movement||in funds|(72,007)|(72,007)|113,012|
|Reconciliation
offunds|||||||
|Total funds brought
forward||||1,463,459|1,463,459|1,350,447|
|Total funds carried forward||||1,391,452|1,391,452|1,463,459|
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|31 March|2023|||||
|---|---|---|---|---|---|
||||Note|2023
f|2022
2|
|Fixed assets||||||
|Tangible
fixed assets|||17|368|491|
|Investments|||18|1,300,596|1,384,809|
|||||1,300,964|1,385,300|
|Current assets||||||
|Debtors|||19|296|317|
|Cash at bank|and in|hand||116,687|136,355|
|||||116983|136672|
|Creditors: amounts||falling due within one year|20|26,495|58,513|
|Net current|assets|||90,488|78,159|
|Total assets|less current liabilities|||1,391,452|1,463,459|
|Net assets||||1,391,452|1,463,459|
|Funds ofthe charity||||||
|Unrestricted|funds|||1,391,452|1,463,459|
|Total charity|funds||21|1,391,452|1,463,459|
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|Donations
and legacies|||
|---|---|---|
||Total|Total|
||Unrestricted|Unrestricted|
||Funds 2023|Funds 2022|
|Donations|9,159|10,204|
|Legacies|63,404|27,854|
|Subscriptions|4,002|3,672|
||76,565|41,730|
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|Ye|ar ended 31 March 2|ar ended 31 March 2|ar ended 31 March 2|02|3||||
|---|---|---|---|---|---|---|---|---|
|5.|Other trading activities||||||||
||||||||Total|Total|
||||||||Unrestricted|Unrestricted|
||||||||Funds 2023|Funds 2022|
||||||||2|2|
||Devon Historic Churches|||Day|||23,383|29,315|
||Scooter Ride||||||900||
||||||||24,283|29,315|
|6.|Investment|income|||||||
||||||||Total|Total|
||||||||Unrestricted|Unrestricted|
||||||||Funds 2023|Funds 2022|
||||||||2|2|
||Income fram||listed investments||||25,632|22,548|
||Bank interest||receivable||||445|22|
||Other interest||receivable|||||131|
||||||||26,077|22,701|
|7.|Costs ofother trading|||activities|||||
||||||||Totai|Total|
||||||||Unrestricted|Unrestricted|
||||||||Funds 2023|Funds 2022|
||Devon Historic Churches|||Day||—Salaries|6,136|5,908|
||Devon Historic Churches|||Day||- Advertising|1,200|364|
||||||||7,336|6,272|
|8.|Investment||management||costs||||
||||||||Total|Total|
||||||||Unrestricted|Unrestricted|
||||||||Funds 2023|Funds 2022|
||||||||2|2|
||Porffolio management||||||2,304|5,987|
|9.|Expenditure||on charitable||activities by fund type||||
||||||||Total|Total|
||||||||Unrestricted|Unrestricted|
||||||||Funds 2023|Funds 2022|
||||||||f|2|
||Grants made||(see note|10)|||62,387|48,500|
||Support costs (see note|||11)|||10,044|10,996|
||||||||72,431|59,496|
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|Yea|r ended 31 March 2|r ended 31 March 2|02|3||||
|---|---|---|---|---|---|---|---|
|10.|Analysis ofgrants|||||||
|||||||Total 2023|Total 2022|
||~Gt
d|||||||
||Unpaid
amounts
brought||forward|||(55,550)|(49,250)|
||Sums paid in|the year||||66,151|16,500|
||Small grants|paid||||15,075|12,750|
||Unpaid
amounts
carried||forward|||23,150|55,550|
||Devon Historic Churches||Day payments||to churches|13,561|12,950|
|||||||62,387|48,500|
|11.|Analysis of support costs|||||||
|||||||Total 2023|Total 2022|
||Staff costs|||||4,822|4,330|
||Communications
and IT|||||312|312|
||Governance|costs||||3,052|3,41 7|
||General office costs|||||1,858|2,937|
|||||||10,044|10,996|
|12.|Net (losses)/gains
on investments|||||||
||||||Totai||Total|
||||||unrestricted||Unrestricted|
||||||Funds 2023||Funds 2022|
||||||||'2|
||Gains/(losses)|on listed|investments||(116,861)||91,021|
|13.|Net (expenditure)/income|||||||
||Net (expenditure)/income||is|stated after|charging/(crediting):|||
|||||||2023|2022|
||Depreciation|of tangible|fixed assets|||123|123|
|14.|Independent|examination||fees||||
|||||||2023|2022|
||Fees payable|to the independent
examiner for:||||||
||Independent|examination|of|the financial|statements|630|585|
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|No remuneration
or other
benefits
from employment
with
received
by the trustees.
Tangible fixed assets|the charity
or a related
entity
were|
|---|---|
||Fixtures and|
||fittings|
|Cost||
|At 1 April 2022 and 31 March 2023|614|
|Depreciation||
|At 1 April 2022|123|
|Charge for the year|123|
|At 31 March 2023|246|
|Carrying
amount||
|At 31 March 2023|368|
|At 31 March 2022|491|
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|18.|Investments||||||
|---|---|---|---|---|---|---|
|||||Cash or cash|Other||
|||||equivalents|investments|Total|
|||||9||2|
||Cost or valuation||||||
||At 1 April 2022|||6,788|1,378,021|1',384,809|
||Additions||||625,000|625,000|
||Disposals||||(585,564)|(585,564)|
||Realised gain|on'investment|||(51,536)|(51,536)|
||Unrealised
gain||on investments||(65,325)|(65,325)|
||Net movement||in cash|(6,788)||(6,788)|
||At 31 March|2023|||1,300,596|1,300,596|
||Impairment||||||
||At 1 April 2022 and 31 Iillarch 2023||||||
||Carrying
amount||||||
||At 31 March|2023|||1,300,596|1,300,596|
||At 31 March 2022||||1,384,809|1,384,809|
||All investments||shown above are held at valuation.||||
|19.|Debtors||||||
||||||2023|2022|
||||||2||
||Prepayments|and accrued income|||296|317|
|20.|Creditors: amounts
falling due within one year||||||
||||||2023|2022|
|||||||2|
||Accruals||||3,345|2,963|
||Undrawn
grants||||23,150|55,550|
||||||26,495|58,513|
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||||||||At|
|---|---|---|---|---|---|---|---|
||||At|||Gains and 31|March 202|
|||1|April 2022|Income|Expenditure|losses|3|
||||||||2|
|General|funds||1,463,459|126,925|(82,071)|(116,861)|1,391,452|
||||||||At|
||||At|||Gains and 31|March 202|
|||1|April 2021|Income|Expenditure|losses|2|
|General|funds||1,350,447|93,746|(71,755)|91,021|1,463,459|
|Analysis of net as|sets between funds|||
|---|---|---|---|
|||Unrestricted|Total Funds|
|||Funds|2023|
|Tangible fixed assets||368|368|
|Investments||1,300,596|1,300,596|
|Current assets||116,983|116,983|
|Creditors less than|1 year|(26,495)|(26,495)|
|Net assets||1,391,452|1,391,452|
|||Unrestricted|Total Funds|
|||Funds|2022|
|Tangible fixed assets||491|491|
|Investments||1,384,809|1,384,809|
|Current assets||136,672|136,672|
|Creditors less than|1 year|(58,513)|(58,513)|
|Net assets||1,463,459|1,463,459|