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|Contents||||Page|
|---|---|---|---|---|
|Reference/|Administrative||Information||
|Report of|the Trustees||||
|Structure,|Governance|and|Management||
|Statement|ofTrustees|Responsibilities|||
|Report of|the Independent||Auditor||
|Statement|of Financial|Activities||12|
|Balance Sheet||||13|
|Notes to the Accounts||||14|
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||||Hote|Unrestricted|Restricted|2021 Total|2020Total|
|---|---|---|---|---|---|---|---|
|||||Funds|funds|Funds|Funds|
||||||||Note 3|
|Income from:||||||||
|Investment
income||||||||
|Dividends||||12,941|13,713|26,654|32,209|
|Bank interest received|||||||37|
|Rent receivable||||200,699||200,699|201,747|
|Insurance
reimbursed||||6,052||6,052|5,152|
|Loss on sale of investments||||(6,388)|(15,098)|(21,486)|(3,963)|
|Total income||||213,304|(1,385)|211,919|235,182|
|Expenditure
on:||||||||
|Raising funds:
Investment
management|fees|||4,884|5,308|10,192|10,328|
|Charitable
activities:||||||||
|Grants clergy and their dependants
Annual
sermon||||54,772||54,772|79,199
498|
|Church clock repairs|||||||2,355|
|Covid Donations
to clergy
Grants to local organisations||||24,797|26,250|24,797
26,250||
|Administration
and management:||||||||
|Clerk's fees||||9,904|2,475|12,379|7,780|
|Governance costs —Audit|Fee|||2,400|600|3,000|3,000|
|Legal and professional fees||||4,317|2,612|6,929|8,966|
|Meeting expenses|||||||229|
|Insurance||||6,247||6,247|5,728|
|Miscellaneous||||1,536|55|1,591|259|
|Total expenditure||||108,857|37,300|146,157|118,342|
|Net gains on investments||||185,870|166,865|352,735|(165,316)|
|Net income/(expenditure)||||290,317|128,180|418,497|(48,476)|
|Transfers
between
funds||||||||
|Gains/ (losses) on revaluation||of||1,130,000||1,130,000||
|fixed assets||||||||
|Net movement
in funds||||1,420,317|128,180|1,548,497|(48,476)|
|Reconciliation
offunds:||||||||
|Total funds brought forward
1st April 2020||||2,544,940|623,772|3,168,712|3,217,188|
|Total funds carried forward||||||||
|31st March 2021||||3,965,257|751,952|4,717,209|3,168,712|
##
||||Note||2021||2020|
|---|---|---|---|---|---|---|---|
|Fixed Assets||||||||
|Investment
property|||2(g)||2,880,000||1,750,000|
|Other investments|||4||1,550,409||1,201,272|
||||||4,430,409||2,951,272|
|Current Assets||||||||
|Prepayments
and accrued income||||5,272||4,555||
|Cash at bank||||306,688||222,760||
|||||311,960||227,315||
|Liabilities:||||||||
|Creditors amounts|falling due|||||||
|within one year||||25,160||9,875||
|Net Current Assets|||||2
200||217,440|
|Net Assets|||||4,717,209||3,168,712|
|Funds||||||||
|Unrestricted
funds:||||||||
|Income account|||||1,014,557||774,240|
|Investment
property|revaluation|reserve|||2,750,700||1,620,700|
|Investment
property|reserve||||200,000||150,000|
||||||3,965,257||2,544,940|
|Restricted funds:||||||||
|Mrs Jane Cart'6 Almshouses|||||751,952||623,772|
||||||4,717,209||3,168,712|
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|||Note|Unrestricted|Restricted|2020|
|---|---|---|---|---|---|
||||Funds|Funds|Total Funds|
|Income from:|||||s|
|Investment
income||||||
|Dividends|||15,553|16,656|32,209|
|Bank interest received|||37||37|
|Rent received|||201,747||201,747|
|Insurance
reimbursed|||5,152||5,152|
|Surplus on sale of investments|||(2,120)|(1,843)|(3,963)|
|Total income|||220,369|14,813|235,182|
|Expenditure
on:||||||
|Raising funds:
Investment
management|fees||5,154|5,154|10,328|
|Charitable
activities:||||||
|Grants to benefit clergy and their
dependants
Annual
sermon
Church clock repairs|||79,199
498
2,355||79,199
498
2,355|
|Administration
and management||||||
|Clerk's fees|||6,224|1,556|7,780|
|Governance
costs - Audit fee|||2,400|600|3,000|
|Legal and professional
Meeting expenses
Insurance|fees||7,111
229
5,728|1,855|8,966
229
5,728|
|Miscellaneous|||259||259|
|Total expenditure|||109,157|9,185|118,342|
|Net (losses)/gains
on investments|||(90,357)|(74,959)|(165,316)|
|Net income /(expenditure)|||20,855|(69,331)|(48,476)|
|Transfers between funds||||||
|Net movement
in funds|||20,855|69,331|48,476|
|Reconciliation
offunds:||||||
|Total funds brought forward 1"April 2019|||2,524,085|693,103|3,217,188|
|Total funds carried forward 31"March||2020|2,544,940|623,772|3,168,712|
##
|4.Other Investments|(Quoted)|||||
|---|---|---|---|---|---|
|||2021||2020||
|||Valuation|Income|Valuation|Income|
|||2||P.||
|Rathbones
Porffolio||1,550,409|26,654|1,201,272|32,209|
|Summary||||||
|Market value at 1"April|2020|1,201,272||||
|Acquisitions
during the|year|236,343||||
|Disposals
during the year||(218,455)||||
|Realised loss on disposals||(21,486)||||
|Unreaiised
gain on revaluation
Market value at31"March 2021||352,735
1,550,409||||
|||||2021|2020|
|||||2||
|Investments
at 31st March 2021 comprise:||||||
|Equities||||1,118,622|855,641|
|Fixed interest securities||||246,922|219,215|
|Alternatives||||184,865|126,416|
|||||1,550,409|1,201,272|
|Historical cost||||1,303,347|1,264,124|
|5.Creditors: amounts|falling due within one year|||2021|2020|
|Accruals and deferred income||||25,160|9,875|
##
|6.Funds|||||||||
|---|---|---|---|---|---|---|---|---|
|||Unrestricted
Funds||||Restricted|Funds|Total Funds|
|||||investment||Mrs Jane|Mrs Jane||
||||investment||property|Cart's|Cart's||
|||income|property|revaluation||Almshouses|Almshouses||
|||Account|reserve||reserve||grant making||
||||2||9||||
|At 1"April|2020|774,240|150,000|1,620,700||513,940|109,832|3,168,712|
|Income||213,304||||(1,385)||211,919|
|Expenditure||(108,857)||||(11,050)|(26,250)|(146,157)|
|Unrealised|gain on|185,870||||166,865||352,735|
|investments|||||||||
|Revaluation|Gain|||1,130,000||||1,130,000|
|Transfers||(50,000)|50,000|||(11,668)|11,668||
|At31"March 2021||1,014,557|200,000|2,750,700||656,702|95,250|4,717,209|
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||||Unrestricted|Unrestricted|Funds||Restricted
Funds|Total Funds|
|---|---|---|---|---|---|---|---|---|
|||||||Investment|Mrs Jane Cart's||
|||||Investment||property|Almshouses||
||||Income|property||revaluation|||
||||Account||fund|reserve|||
||||s||||||
|Investment||property|129,300|||2,750,700||2,880,000|
|Other investments|||811,126||||739,283|1,550,409|
||||940,426|||2,750,700|739,283|4,430,409|
|Current|assets||99,291|200,000|||12,669|311,960|
|Current|liabilities||(25,160)|||||(25,160)|
|Net assets||at|||||||
|31"March||2021|1,014,557|200,000||2,750,700|751,952|4,717,209|
##
|||2021|2020|
|---|---|---|---|
|Individual|grants|79,569|79,199|
|Institutional|grants|26,250||
|Total grants||105,819|79,199|
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