| Contents | Page | |
|---|---|---|
| Reference and Administration | ||
| Trustees report | 2-3 | |
| Independent examiner's |
report | |
| Statement of Financial | Activities | |
| Balance sheet | ||
| Notes to the Financial | Statements | 7-11 |
| 1 | ||||||
|---|---|---|---|---|---|---|
| The Posbury St | Francis Trust | |||||
| Reference and Administration | ||||||
| Governing | document | CIO- Foundation | Registered | 26 January 2021 | ||
| Registered | Charity Number | 1193254 | ||||
| Principal address | The Old Deanery | |||||
| The Cloisters | ||||||
| Exeter | ||||||
| Devon | ||||||
| EX1 1HS | ||||||
| Trustees | The Ven. Dr Trevor Jones - | Chair | ||||
| Mrs Jennifer Ellis |
- Vice-Chair | |||||
| Mr Giles Frampton | FCA - Treasurer | |||||
| Rev'd Preb' Philip | Sourbut (resigned June 2023) | |||||
| Rev'd Canon lan Morter |
||||||
| Dr Simon Harrison | ||||||
| Dr Demelza Henderson |
||||||
| Dr Bridget Gillard | ||||||
| Rev'd lan Bussel (appointed | June 2023) | |||||
| The Lord Bishop of Exeter, The | Rt Rev Robert Atwell (ex-officio) | |||||
| Bankers | National Westminster |
Bank | pic | |||
| 11 Rolle Street | ||||||
| Exmouth | ||||||
| EX8 1HH | ||||||
| Independent | Examiner | Mrs M Hutchings | ||||
| Apsleys Chartered | Accountants | |||||
| 21 Bampton Street | ||||||
| Tiverton | ||||||
| Devon | ||||||
| EX166AA | ||||||
| Solicitors | Stephens Scown | |||||
| Curzon House | ||||||
| Southernhay West |
||||||
| Exeter | ||||||
| EX1 1RS | ||||||
| Investment | manager | COLA Investment | Management | Ltd | ||
| Senator House | ||||||
| 85 Queen Victoria | Street | |||||
| London | ||||||
| EC4V 4ET |
| Total | Total | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Income | ~Ca | ital | Funds | Funds | |||||
| Notes | Fundf | Fundf | 2022f | 2021f | |||||
| Income | |||||||||
| Rental income | 14,172 | 14,172 | 6,471 | ||||||
| investment income |
30,589 | 30,589 | 8,286 | ||||||
| Total income | 44,761 | 44,761 | 14,757 | ||||||
| Expenditure on: |
|||||||||
| Charitable activities |
|||||||||
| Maintenance ofinvestment |
properties | 20,882 | 20,882 | 17,001 | |||||
| Administrative expenses |
11,813 | 11,813 | 4,609 | ||||||
| Grants and awards | 18,580 | 18,580 | |||||||
| Total expenditure | 51,275 | 51,275 | 21,610 | ||||||
| Other expenditure | |||||||||
| Realised Profit/(Loss) on investments Unrealised Profit/(Loss) on Investments |
(11,792) ~129,412 |
(11,792) ~129,412 |
74,948 | ||||||
| Net income/ (expenditure) |
(6,514) | (141,204) | (147,718) | 68,095 | |||||
| Other gains / losses |
4,563 | 4,563 | 2,204,164 | ||||||
| Net Movement in Funds |
(1,951) | (141,204) | (143,155) | 2,272,259 | |||||
| Reconciliation offunds: |
|||||||||
| Balances brought forward |
102,311 | 2,169,948 | 2,272,259 | ||||||
| Balances carried forward | 100,360 | 2,028,744 | 2,129,104 | 2,272,259 |
| ysis | of | Net Assets between | Funds | Net | ||
| Fixed Assets | Current | |||||
| Assets | Total | |||||
| 6 | 6 | |||||
| Capital | Fund | 1,936,440 | 92,304 | 2,028,744 | ||
| Income | Fund | 7,271 | 93,089 | 100,360 | ||
| 1,943,711 | 185,393 | 2,129,104 |
| New Awards | |||||||
|---|---|---|---|---|---|---|---|
| Personal Awards - for studies | in spirituality, | religion | and evangelism | F | |||
| Rev Gary Deighton | 1,650 | ||||||
| Rev Oily Mears | 1,000 | ||||||
| Rev David Nixon | 500 | ||||||
| Rev'd Martin Wood | 500 | ||||||
| 3,650 | |||||||
| Community | Awards -for research and training | in theology and religion | |||||
| Spiritual Direction |
Network | 1,130 | |||||
| Exeter University | 1,800 | ||||||
| Exeter Cathedral | 5,000 | ||||||
| EDBF | 7,000 | ||||||
| 14,930 | |||||||
| Overall totals | |||||||
| Total Community | awards | 14,930 | |||||
| Total Personal awards |
3,650 | ||||||
| Overall total for all | awards | 18,580 |