## **Trustees’ Annual Report for the period** **From 1[st] January 2021 To 31[st] December 2021** ## **Charity name: Richard Hicks** **Charity registration number: 202543** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|**To apply clear income toward repair and**
**maintenance of the Parish Church in**
**Towcester and in maintaining divine**
**service there**| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.|Para 1.17 and
1.19|**Payments totalling £29,161.00 made out**
**of income to the Towcester Parochial**
**Church Council for St Lawrence Church :**
**£24,161 to cover part of the Parish Share**
**(being 80% of income under the revised**
**calculation method agreed by the**
**Trustees)**
**£5,000 being an additional contribution**
**towards Parish Share (to cover loss of**
**income due to the pandemic) and**
**deducted from surplus income in General**
**Account.**
**No funds were transferred out of income**
**to the Special Reserve Fund in 2021**| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|**The above payments were all deemed by**
**the Trustees to be for public benefit by**
**contributing towards maintenance of the**
**Church and divine service**| ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|**The main achievements of the Charity are**
**those identified above and have assisted**
**in maintaining divine service at the**
**Parish Church in Towcester.**| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|**During the year the Charity received**
**income from its COIF investments of**
**£30,274. The total net assets (including**
**Special Reserve) increased by £137,398**
**to £1,169,450.**| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|**The Special Reserve Fund is to provide**
**for**
**future**
**maintenance**
**and**
**improvements**
**to**
**the**
**structure**
**and**
**fixtures and fittings of St Lawrence**
**Church Towcester to which the Trustees**
**decide to contribute and which cannot be**
**met from the Charity’s annual income**| |Amount of reserves held|Para 1.22|**Total Net Assets in Special Reserve Fund**
**as at 31/12/21 of £116,434.**| |Reasons for holding zero
reserves|Para 1.22|**N/A**| |Details of fund materially in
deficit|Para 1.24|**N/A**| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|**N/A**| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|**Charity Commissioners’ Scheme**| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|**Unincorporated association**| ## **Reference and Administrative details** |Charity name|**RICHARD HICKS**| |---|---| |Other name the charity uses|**-**| |Registered charity number|**202543**| |Charity’s principal address|**27 Kipling Drive**
**Towcester**
**Northants**
**NN12 6QY**| ||| ## **Names of the charity trustees who manage the charity** |**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---| |**Grahame**
**Blanchard**|**Secretary**||| ||||| |**Alan Gilbert**|||| ||||| |**Mrs Christine**
**Linda Johns**|||**Nominative Trustee**
**appointed by the Parochial**
**Church Council of the**
**Ecclesiastical Parish of**
**Towcester**| ||||| |**Brian William John**
**Manning**|||| ||||| |**Rev Paula Ella**
**Challen**|||**Ex-officio Trustee in the**
**capacity as the incumbent of**
**the Benefice of Towcester,**
**Caldecote, Easton Neston,**
**Greens Norton and Bradden**| ||||| |**Nigel Slater**|**Vice-Chairman**||| ||||| |**Dr John Robert**
**Sunderland**|**Chairman**||| ||||| |**Peter John Morris**|||**Nominative Trustee**
**appointed by the Parochial**
**Church Council of the**
**Ecclesiastical Parish of**
**Towcester**| ||||| **Corporate trustees – names of the directors at the date the report was approved** **Director name N/A** ## **Name of trustees holding title to property belonging to the charity** |**Trustee name**|**Dates acted if not for whole year**|| |---|---|---| |**N/A**||| |||| |||| |||| |||| |||| ## **Funds held as custodian trustees on behalf of others** Description of the assets **None** held in this capacity Name and objects of the **N/A** charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for **N/A** safe custody and segregation of such assets from the charity’s own assets ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees.** Slgnaturo1s1 Full namo1•1 TDMJ 4 Jclf*7AP Po8ilion TAafTÉ Dats XA 2x Independent examinerfs report on the accounts Se¢tlon A Report to the tru8tevsl members of Indèpendent Examin8r'8 Report RICHARD HICKS On accounts for th• year ended Set out on pag Chorlty no Illanyl 31* December 2021 202543 Rospective The charity's trustees are rt8ponstle for the preparation of the accounts. responsibllities of The charity'5 Iru51ee$ consider that an audit Is not required for this year trust￿5 and examiner und&r section 144 of the Charities Act 2011 (the Chanties Act) and that an independent examination 15 needed. It Is my responsibility to-. examin& the a(￿uTrts under Section 145 of the Charrties Act. 10 follow the pro*dures la￿ down in the general DireGlions given by the Charty Commi8810n lunder section 14515llbl of the Chanties Act, a to stat& *th8ther particular matters have come to my attention. Basis of ind8pendettt My examination was carried out in accordance with general Directions gwen examlnefs ststement by the Charity Commission An examinat￿n Includes a review of the a¢¢tsuniing re¢ords kept by the charfty and a comparison of the accounts pTe5ented with those re(x)rds. It also Includes considpration of any unusual iterns or disrlosures in the aCCDunls and seeking explanations frotn the Irust*s wnceming any such mattery The yo¢edures undertaken do not provide 311 the evidence that would be required in an audit. and Consequently no opinion is given as lo whether the accounts present a'lrL ancl fair, view anLI the report is limrted lo those matters Set out in t Statement bek)w. Independ•nt In connection with my examination. no matter has ttJmÈ to my attention examiner's Statement W￿￿h give5 me reasonabl& cause to believe that in, any material res*d. the requirements" to keep aecoLffttin9 records in accordance section 130 of the Charitiès Act". and to prepare accounts whith acrnrd with the accounting records and ¢omply with the arwunting requirements ofth& Chanlies A have r￿t been mel,. OT 2. to wh￿ti. in my opinion, attention 8h)uld be drawn in orthrto enable a proper understanding of the accounts to be reached. Pl8as& ddete tho words in thè brackets rfthey rjot apply. Signed: Date: Nam•- Relevant prof•8¥ional quallficationlsl or body Address.. ## **RICHARD HICKS CHARITY** ## **Statement of Accounts for the year ended 31[st] . December, 2021** ## **General Account** |||Payments (£)||Receipts (£)||**Total (£) 2021**||**_Total (£) 2020_**| |---|---|---|---|---|---|---|---|---| |**Opening Balance**||||||**31,234.13**||**44,769.99**| |Transfers to Lloyds Bank||(29,161.00)||||(29,161.00)||(43,530.00)| |Transfer to Special Reserve||(0.00)||||(0.00)||(0.00)| |Interest from Deposit Fund||||2.97||2.97||99.17| |Income from Investments||||30,273.91||30,273.91||29,894.97| |**Closing Balance**||||||**32,350.01**||**31,234.13**| ## **Special Reserve Account** |||Payments (£)||Receipts (£)||**Total (£) 2021**||**_Total (£) 2020_**| |---|---|---|---|---|---|---|---|---| |**Opening Balance**||||||**40,354.18**||**50,238.01**| |Transfer from General Account||||0.00||0.00||0.00| |Transfer to Nationwide||0.00||||0.00||(10,000.00)| |Special Reserve Interest||||4.79||4.79||116.17| |||||||||| |**Closing Balance**||||||**40,358.97 **||**40,354.18**| ## **Nationwide Building Society** |||Payments (£)||Receipts (£)||**Total (£) 2021**||**_Total (£) 2020_**| |---|---|---|---|---|---|---|---|---| |**Opening Balance**||||||**0.00**||**134.25**| |Transfers from General Account||||0.00||0.00||0.00| |Transfers from Special Reserve||||0.00||0.00||10,000.00| |Transfers to Lloyds Bank||(0.00)||||(0.00)||(4,729.49)| |Hire of Meeting Room||(0.00)||||(0.00)||(0.00)| |Maintenance of Church Services||(0.00)||||(0.00)||(0.00)| |Church roof alarm||(0.00)||||(0.00)||(5,405.00)| |Expenses||(0.00)||||(0.00)||(0.00)| |Interest||||0.00||0.00||0.24| |**Closing Balance**||||||**0.00**||**0.00**| ## **Lloyds Bank** |||Payments (£)||Receipts (£)||**Total (£) 2021**||**_Total (£) 2020_**| |---|---|---|---|---|---|---|---|---| |**Opening Balance**||||||**210.99**||**0.00**| |Transfers from General Account||||29,161.00||29,161.00||43,530.00| |Transfers from Nationwide||||0.00||0.00||4,729.49| |Hire of Meeting Room||(0.00)||||(0.00)||(25.00)| |Maintenance of Church Services||(24,161.00)||||(24,161.00)||(24,000.00)| |Expenses||(0.00)||||(0.00)||(0.00)| |Quinquennial works and fees||(0.00)||||(0.00)||(12,023.50)| |Add,contributions toparish share||(5,000.00)||||(5,000.00)||(10,000.00)| |Bellringers||(0.00)||||(0.00)||(2,000.00)| |**Closing Balance**||||||**210.99**||**210.99**| ## **INCOME FROM INVESTMENTS** ||||**Total (£) 2021**||**_Total (£) 2020_**| |---|---|---|---|---|---| |February|Income from COIF Investment Income Fund||6,184.46||5,941.65| ||Income from COIF Property Fund||1,170.05||1,550.78| ||||||| |May|Income from COIF Investment Income Fund||6,279.68||6,279.68| ||Income from COIF Property Fund||1,420.77||1,420.77| ||||||| |August|Income from COIF Investment Income Fund||6,279.68||6,279.68| ||Income from COIF Property Fund||1,253.62||1,105.05| ||||||| |November|Income from COIF Investment Income Fund||6,432.03||6,184.46| ||Income from COIF Property Fund||1,253.62||1,132.90| ||||**30,273.91**||**29,894.97**| ## **INTEREST FROM DEPOSIT ACCOUNTS** ||||**Total (£) 2021**||**_Total (£) 2020_**| |---|---|---|---|---|---| |January|Interest from COIF Deposit Account||0.37||22.62| ||Interest from COIF Special Reserve||0.47||25.38| |February|Interest from COIF Deposit Account||0.20||22.29| ||Interest from COIF Special Reserve||0.26||25.01| |March|Interest from Nationwide||0.00||0.24| ||Interest from COIF Deposit Account||0.29||20.99| ||Interest from COIF Special Reserve||0.36||18.98| |April|Interest from COIF Deposit Account||0.30||12.34| ||Interest from COIF Special Reserve||0.39||14.86| |May|Interest from COIF Deposit Account||0.13||7.33| ||Interest from COIF Special Reserve||0.36||10.44| |June|Interest from COIF Deposit Account||0.16||4.65| ||Interest from COIF Special Reserve||0.42||8.07| |July|Interest from COIF Deposit Account||0.22||4.28| ||Interest from COIF Special Reserve||0.41||6.47| |August|Interest from COIF Deposit Account||0.27||2.67| ||Interest from COIF Special Reserve||0.49||4.03| |September|Interest from COIF Deposit Account||0.23||1.04| ||Interest from COIF Special Reserve||0.41||1.53| |October|Interest from COIF Deposit Account||0.30||0.41| ||Interest from COIF Special Reserve||0.41||0.55| |November|Interest from COIF Deposit Account||0.25||0.27| ||Interest from COIF Special Reserve||0.41||0.42| |December|Interest from COIF Deposit Account||0.25||0.28| ||Interest from COIF Special Reserve||0.40||0.43| ||||||| ||||**7.76**||**215.58**| ## **RECONCILIATION STATEMENT** ||||General
Account||Special
Reserve||Nationwide||Lloyds
Bank||**Total (£)**
**2021**||**_Total (£)_**
**_2020_**| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||**Opening**
**Balances**||**31,234.13**||**40,354.18**||**0.00**||**210.99**||**71,799.30**||**95,142.25**| ||Transfers Out||(29,161.00)||(0.00)||(0.00)||(0.00)||(29,161.00)||(58,259.49)| ||Payments||0.00||0.00||(0.00)||(29,161.00)||(29,161.00)||(53,453.50)| ||Interest||2.97||4.79||0.00||0.00||7.76||215.58| ||Investment
Income||30,273.91||0.00||0.00||0.00||30,273.91||29,894.97| ||Transfers In||0.00||0.00||0.00||29,161.00||29,161.00||58,259.49| ||**Closing**
**Balances**||**32,350.01**||**40,358.97**||**0.00**||**210.99**||**72,919.97**||**71,799.30**| ## **Schedule of COIF Investments and their values at 31[st] December 2021** |||**Total (£) 2021**||**_Total (£) 2020_**| |---|---|---|---|---| |47,609.39 units in Investment Income Fund||979,154.00||857,512.00| |92,861.00 units in Property Fund||117,376.00||102,741.00| |||||| |**Total**||**1,096,530.00**||**960,253.00**| The value of the Investment Income Fund increased by £121,642 and the Property Fund by £14,635 compared to the 2020 year-end valuation. There were no purchase or sale transactions conducted during 2021. ## **Summary of acquisitions in COIF Investments:** Initial purchase of units on closure of HSBC Investments in November 2000. ## **Investment Income Fund** 30/11/2000 48,494.39 units purchased for £551,315 (General Account) 27/10/2005 5,233.25 units sold for £ 50,000 (General Account) 28/09/2017 3,483.95 units purchased for £ 50,220 (General Account) 28/09/2017 864.30 units purchased for £ 12,458 (Special Reserve) **Total 47,609.39 £563,993 (Special Reserve = 1.82% of units)** ## **Property Fund** 27/10/2005 38,250.05 units purchased for £ 50,000 (General Account) 31/03/2006 8,525.29 units purchased for £ 11,700 (General Account) 26/03/2015 17,705.38 units purchased for £ 20,000 (Special Reserve) 28/09/2017 28,380.28 units purchased for £ 33,750 (Special Reserve) **Total 92,861.00 £115,450 (Special Reserve = 49.63% of units)** ## **RICHARD HICKS CHARITY** ## **Balance Sheet as at 31[st] . December, 2021** |||General
Funds||Special
Reserve||**Total (£)**
**2021**||**_Total (£)_**
**_2020_**| |---|---|---|---|---|---|---|---|---| |||||||||| |**Fixed Assets**||||||||| |Investments (Notes 1)||1,020,455.00||76,075.00||1,096,530.00||960,253.00| |||||||||| |**Total Fixed Assets**||**1,020,455.00**||**76,075.00**||**1,096,530.00**||**960,253.00**| |||||||||| |**Current Assets**||||||||| |Cash at Bank (Lloyds)||210.99||0.00||210.99||210.99| |Bank Deposits (COIF)||32,350.01||40,358.97||72,708.98||71,588.31| |||||||||| |**Total Current Assets**||**32,561.00**||**40,358.97**||**72,919.97**||**71,799.30**| |||||||||| |**Current Liabilities**||||||||| |Amounts falling due
in less than one year
(Note 2)||0.00||_0.00_||_0.00_||_0.00_| |||||||||| |**Net Current Assets**||**32,561.00**||**40,358.97**||**72,919.97**||**71,799.30**| |||||||||| |**Total Assets less Current**
**Liabilities**||**1,053,016.00**||**116,433.97**||**1,169,449.97**||**1,032,052.30**| |Amounts falling due
after more than one year||0.00||0.00||0.00||0.00| |||||||||| |**Total Net Assets**||**1,053,016.00**||**116,433.97**||**1,169,449.97**||**1,032,052.30**| **Note 1.** Valuation as per CCLA mid-market value at 31/12/2021. **Note 2.** No amounts fell due in less than one year as at 31/12/2020 or 31/12/2021 ## **RICHARD HICKS CHARITY** ## **Statement of Financial Activity Year ended 31[st] . December, 2021** ||||General
Funds|General
Funds|General
Funds||Special
Reserve|Special
Reserve|Special
Reserve||**Total (£)**
**2021**|**Total (£)**
**2021**|**Total (£)**
**2021**||**_Total (£)_**
**_2020_**|**_Total (£)_**
**_2020_**|**_Total (£)_**
**_2020_**| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||||||||||| ||**Incoming Resources**||||||||||||||||| ||Deposit Interest||||2.97||||4.79||||7.76||||215.58| ||COIF Investments||||30,273.91||||0.00||||30,273.91||||29,894.97| ||From General Account||||0.00||||0.00||||0.00||||0.00| ||**Total Income**||||**30,276.88**||||**4.79**||||**30,281.67**||||**30,110.55**| ||||||||||||||||||| ||**Outgoing Payments**||||||||||||||||| ||||||||||||||||||| ||Funding for Bellringers||||(0.00)|||(0.00)|||||(0.00)|||(2,000.00)|| ||Church roof alarm||||(0.00)|||(0.00)|||||(0.00)|||(5,405.00)|| ||Quinquennial works||||(0.00)|||(0.00)|||||(0.00)|||(12,023.50)|| ||||||||||||||||||| ||**Maintenance of Church**
**Services**||||||||||||||||| ||Organist’s Honorarium||||(0.00)|||(0.00)|||||(0.00)|||(0.00)|| ||Upkeep of Services||||(0.00)|||(0.00)|||||(0.00)|||(0.00)|| ||Administration Expenses||||(0.00)|||(0.00)|||||(0.00)|||(0.00)|| ||Church Cleaning||||(0.00)|||(0.00)|||||(0.00)|||(0.00)|| ||Church Ins + utilities||||(0.00)|||(0.00)|||||(0.00)|||(0.00)|| ||Parish Share|||(29,161.00)||||(0.00)||||(29,161.00)||||_(34,000.00)_|| ||||||||||||||||||| ||**Administration**||||||||||||||||| ||Reimbursement of costs|||(0.00)||||(0.00)||||(0.00)||||(0.00)|| ||Stationery/photocopying|||_(_0.00_)_||||(0.00)||||(0.00)||||(0.00)|| ||Hire of Meeting Room|||(0.00)||||(0.00)||||(0.00)||||(25.00)|| ||||||||||||||||||| ||**Total Payments**|||**(29,161.00)**||||**(0.00)**||||**(29,161.00)**||||**(53,453.50)**|| ||||||||||||||||||| ||To Special Reserve|||0.00||||0.00||||0.00||||0.00|| ||COIF Investments|||0.00||||0.00||||0.00||||0.00|| ||||||||||||||||||| ||**Movement in resources**|||**1,115.88**||||**4.79**||||**1,120.67**||||**(23,342.95)**|| ||Add current assets b/fwd
from previous year|||31,445.12|||40,354.18|||||71,799.30||||95,142.25|| ||**Total current assets at**
**31.12.2021**|||**32,561.00**|||**40,358.97**|||||**72,919.97**||||**71,799.30**|| **NB Maintenance of Church Services takes into account the agreed revised calculation method based on Parish Share only.** Independent examinerfs report on the accounts Se¢tlon A Report to the tru8tevsl members of Indèpendent Examin8r'8 Report RICHARD HICKS On accounts for th• year ended Set out on pag Chorlty no Illanyl 31* December 2021 202543 Rospective The charity's trustees are rt8ponstle for the preparation of the accounts. responsibllities of The charity'5 Iru51ee$ consider that an audit Is not required for this year trust￿5 and examiner und&r section 144 of the Charities Act 2011 (the Chanties Act) and that an independent examination 15 needed. It Is my responsibility to-. examin& the a(￿uTrts under Section 145 of the Charrties Act. 10 follow the pro*dures la￿ down in the general DireGlions given by the Charty Commi8810n lunder section 14515llbl of the Chanties Act, a to stat& *th8ther particular matters have come to my attention. Basis of ind8pendettt My examination was carried out in accordance with general Directions gwen examlnefs ststement by the Charity Commission An examinat￿n Includes a review of the a¢¢tsuniing re¢ords kept by the charfty and a comparison of the accounts pTe5ented with those re(x)rds. It also Includes considpration of any unusual iterns or disrlosures in the aCCDunls and seeking explanations frotn the Irust*s wnceming any such mattery The yo¢edures undertaken do not provide 311 the evidence that would be required in an audit. and Consequently no opinion is given as lo whether the accounts present a'lrL ancl fair, view anLI the report is limrted lo those matters Set out in t Statement bek)w. Independ•nt In connection with my examination. no matter has ttJmÈ to my attention examiner's Statement W￿￿h give5 me reasonabl& cause to believe that in, any material res*d. the requirements" to keep aecoLffttin9 records in accordance section 130 of the Charitiès Act". and to prepare accounts whith acrnrd with the accounting records and ¢omply with the arwunting requirements ofth& Chanlies A have r￿t been mel,. OT 2. to wh￿ti. in my opinion, attention 8h)uld be drawn in orthrto enable a proper understanding of the accounts to be reached. Pl8as& ddete tho words in thè brackets rfthey rjot apply. Signed: Date: Nam•- Relevant prof•8¥ional quallficationlsl or body Address.. ## **RICHARD HICKS CHARITY** ## **Statement of Accounts for the year ended 31[st] . December, 2021** ## **General Account** |||Payments (£)||Receipts (£)||**Total (£) 2021**||**_Total (£) 2020_**| |---|---|---|---|---|---|---|---|---| |**Opening Balance**||||||**31,234.13**||**44,769.99**| |Transfers to Lloyds Bank||(29,161.00)||||(29,161.00)||(43,530.00)| |Transfer to Special Reserve||(0.00)||||(0.00)||(0.00)| |Interest from Deposit Fund||||2.97||2.97||99.17| |Income from Investments||||30,273.91||30,273.91||29,894.97| |**Closing Balance**||||||**32,350.01**||**31,234.13**| ## **Special Reserve Account** |||Payments (£)||Receipts (£)||**Total (£) 2021**||**_Total (£) 2020_**| |---|---|---|---|---|---|---|---|---| |**Opening Balance**||||||**40,354.18**||**50,238.01**| |Transfer from General Account||||0.00||0.00||0.00| |Transfer to Nationwide||0.00||||0.00||(10,000.00)| |Special Reserve Interest||||4.79||4.79||116.17| |||||||||| |**Closing Balance**||||||**40,358.97 **||**40,354.18**| ## **Nationwide Building Society** |||Payments (£)||Receipts (£)||**Total (£) 2021**||**_Total (£) 2020_**| |---|---|---|---|---|---|---|---|---| |**Opening Balance**||||||**0.00**||**134.25**| |Transfers from General Account||||0.00||0.00||0.00| |Transfers from Special Reserve||||0.00||0.00||10,000.00| |Transfers to Lloyds Bank||(0.00)||||(0.00)||(4,729.49)| |Hire of Meeting Room||(0.00)||||(0.00)||(0.00)| |Maintenance of Church Services||(0.00)||||(0.00)||(0.00)| |Church roof alarm||(0.00)||||(0.00)||(5,405.00)| |Expenses||(0.00)||||(0.00)||(0.00)| |Interest||||0.00||0.00||0.24| |**Closing Balance**||||||**0.00**||**0.00**| ## **Lloyds Bank** |||Payments (£)||Receipts (£)||**Total (£) 2021**||**_Total (£) 2020_**| |---|---|---|---|---|---|---|---|---| |**Opening Balance**||||||**210.99**||**0.00**| |Transfers from General Account||||29,161.00||29,161.00||43,530.00| |Transfers from Nationwide||||0.00||0.00||4,729.49| |Hire of Meeting Room||(0.00)||||(0.00)||(25.00)| |Maintenance of Church Services||(24,161.00)||||(24,161.00)||(24,000.00)| |Expenses||(0.00)||||(0.00)||(0.00)| |Quinquennial works and fees||(0.00)||||(0.00)||(12,023.50)| |Add,contributions toparish share||(5,000.00)||||(5,000.00)||(10,000.00)| |Bellringers||(0.00)||||(0.00)||(2,000.00)| |**Closing Balance**||||||**210.99**||**210.99**| ## **INCOME FROM INVESTMENTS** ||||**Total (£) 2021**||**_Total (£) 2020_**| |---|---|---|---|---|---| |February|Income from COIF Investment Income Fund||6,184.46||5,941.65| ||Income from COIF Property Fund||1,170.05||1,550.78| ||||||| |May|Income from COIF Investment Income Fund||6,279.68||6,279.68| ||Income from COIF Property Fund||1,420.77||1,420.77| ||||||| |August|Income from COIF Investment Income Fund||6,279.68||6,279.68| ||Income from COIF Property Fund||1,253.62||1,105.05| ||||||| |November|Income from COIF Investment Income Fund||6,432.03||6,184.46| ||Income from COIF Property Fund||1,253.62||1,132.90| ||||**30,273.91**||**29,894.97**| ## **INTEREST FROM DEPOSIT ACCOUNTS** ||||**Total (£) 2021**||**_Total (£) 2020_**| |---|---|---|---|---|---| |January|Interest from COIF Deposit Account||0.37||22.62| ||Interest from COIF Special Reserve||0.47||25.38| |February|Interest from COIF Deposit Account||0.20||22.29| ||Interest from COIF Special Reserve||0.26||25.01| |March|Interest from Nationwide||0.00||0.24| ||Interest from COIF Deposit Account||0.29||20.99| ||Interest from COIF Special Reserve||0.36||18.98| |April|Interest from COIF Deposit Account||0.30||12.34| ||Interest from COIF Special Reserve||0.39||14.86| |May|Interest from COIF Deposit Account||0.13||7.33| ||Interest from COIF Special Reserve||0.36||10.44| |June|Interest from COIF Deposit Account||0.16||4.65| ||Interest from COIF Special Reserve||0.42||8.07| |July|Interest from COIF Deposit Account||0.22||4.28| ||Interest from COIF Special Reserve||0.41||6.47| |August|Interest from COIF Deposit Account||0.27||2.67| ||Interest from COIF Special Reserve||0.49||4.03| |September|Interest from COIF Deposit Account||0.23||1.04| ||Interest from COIF Special Reserve||0.41||1.53| |October|Interest from COIF Deposit Account||0.30||0.41| ||Interest from COIF Special Reserve||0.41||0.55| |November|Interest from COIF Deposit Account||0.25||0.27| ||Interest from COIF Special Reserve||0.41||0.42| |December|Interest from COIF Deposit Account||0.25||0.28| ||Interest from COIF Special Reserve||0.40||0.43| ||||||| ||||**7.76**||**215.58**| ## **RECONCILIATION STATEMENT** ||||General
Account||Special
Reserve||Nationwide||Lloyds
Bank||**Total (£)**
**2021**||**_Total (£)_**
**_2020_**| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||**Opening**
**Balances**||**31,234.13**||**40,354.18**||**0.00**||**210.99**||**71,799.30**||**95,142.25**| ||Transfers Out||(29,161.00)||(0.00)||(0.00)||(0.00)||(29,161.00)||(58,259.49)| ||Payments||0.00||0.00||(0.00)||(29,161.00)||(29,161.00)||(53,453.50)| ||Interest||2.97||4.79||0.00||0.00||7.76||215.58| ||Investment
Income||30,273.91||0.00||0.00||0.00||30,273.91||29,894.97| ||Transfers In||0.00||0.00||0.00||29,161.00||29,161.00||58,259.49| ||**Closing**
**Balances**||**32,350.01**||**40,358.97**||**0.00**||**210.99**||**72,919.97**||**71,799.30**| ## **Schedule of COIF Investments and their values at 31[st] December 2021** |||**Total (£) 2021**||**_Total (£) 2020_**| |---|---|---|---|---| |47,609.39 units in Investment Income Fund||979,154.00||857,512.00| |92,861.00 units in Property Fund||117,376.00||102,741.00| |||||| |**Total**||**1,096,530.00**||**960,253.00**| The value of the Investment Income Fund increased by £121,642 and the Property Fund by £14,635 compared to the 2020 year-end valuation. There were no purchase or sale transactions conducted during 2021. ## **Summary of acquisitions in COIF Investments:** Initial purchase of units on closure of HSBC Investments in November 2000. ## **Investment Income Fund** 30/11/2000 48,494.39 units purchased for £551,315 (General Account) 27/10/2005 5,233.25 units sold for £ 50,000 (General Account) 28/09/2017 3,483.95 units purchased for £ 50,220 (General Account) 28/09/2017 864.30 units purchased for £ 12,458 (Special Reserve) **Total 47,609.39 £563,993 (Special Reserve = 1.82% of units)** ## **Property Fund** 27/10/2005 38,250.05 units purchased for £ 50,000 (General Account) 31/03/2006 8,525.29 units purchased for £ 11,700 (General Account) 26/03/2015 17,705.38 units purchased for £ 20,000 (Special Reserve) 28/09/2017 28,380.28 units purchased for £ 33,750 (Special Reserve) **Total 92,861.00 £115,450 (Special Reserve = 49.63% of units)** ## **RICHARD HICKS CHARITY** ## **Balance Sheet as at 31[st] . December, 2021** |||General
Funds||Special
Reserve||**Total (£)**
**2021**||**_Total (£)_**
**_2020_**| |---|---|---|---|---|---|---|---|---| |||||||||| |**Fixed Assets**||||||||| |Investments (Notes 1)||1,020,455.00||76,075.00||1,096,530.00||960,253.00| |||||||||| |**Total Fixed Assets**||**1,020,455.00**||**76,075.00**||**1,096,530.00**||**960,253.00**| |||||||||| |**Current Assets**||||||||| |Cash at Bank (Lloyds)||210.99||0.00||210.99||210.99| |Bank Deposits (COIF)||32,350.01||40,358.97||72,708.98||71,588.31| |||||||||| |**Total Current Assets**||**32,561.00**||**40,358.97**||**72,919.97**||**71,799.30**| |||||||||| |**Current Liabilities**||||||||| |Amounts falling due
in less than one year
(Note 2)||0.00||_0.00_||_0.00_||_0.00_| |||||||||| |**Net Current Assets**||**32,561.00**||**40,358.97**||**72,919.97**||**71,799.30**| |||||||||| |**Total Assets less Current**
**Liabilities**||**1,053,016.00**||**116,433.97**||**1,169,449.97**||**1,032,052.30**| |Amounts falling due
after more than one year||0.00||0.00||0.00||0.00| |||||||||| |**Total Net Assets**||**1,053,016.00**||**116,433.97**||**1,169,449.97**||**1,032,052.30**| **Note 1.** Valuation as per CCLA mid-market value at 31/12/2021. **Note 2.** No amounts fell due in less than one year as at 31/12/2020 or 31/12/2021 ## **RICHARD HICKS CHARITY** ## **Statement of Financial Activity Year ended 31[st] . December, 2021** ||||General
Funds|General
Funds|General
Funds||Special
Reserve|Special
Reserve|Special
Reserve||**Total (£)**
**2021**|**Total (£)**
**2021**|**Total (£)**
**2021**||**_Total (£)_**
**_2020_**|**_Total (£)_**
**_2020_**|**_Total (£)_**
**_2020_**| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||||||||||| ||**Incoming Resources**||||||||||||||||| ||Deposit Interest||||2.97||||4.79||||7.76||||215.58| ||COIF Investments||||30,273.91||||0.00||||30,273.91||||29,894.97| ||From General Account||||0.00||||0.00||||0.00||||0.00| ||**Total Income**||||**30,276.88**||||**4.79**||||**30,281.67**||||**30,110.55**| ||||||||||||||||||| ||**Outgoing Payments**||||||||||||||||| ||||||||||||||||||| ||Funding for Bellringers||||(0.00)|||(0.00)|||||(0.00)|||(2,000.00)|| ||Church roof alarm||||(0.00)|||(0.00)|||||(0.00)|||(5,405.00)|| ||Quinquennial works||||(0.00)|||(0.00)|||||(0.00)|||(12,023.50)|| ||||||||||||||||||| ||**Maintenance of Church**
**Services**||||||||||||||||| ||Organist’s Honorarium||||(0.00)|||(0.00)|||||(0.00)|||(0.00)|| ||Upkeep of Services||||(0.00)|||(0.00)|||||(0.00)|||(0.00)|| ||Administration Expenses||||(0.00)|||(0.00)|||||(0.00)|||(0.00)|| ||Church Cleaning||||(0.00)|||(0.00)|||||(0.00)|||(0.00)|| ||Church Ins + utilities||||(0.00)|||(0.00)|||||(0.00)|||(0.00)|| ||Parish Share|||(29,161.00)||||(0.00)||||(29,161.00)||||_(34,000.00)_|| ||||||||||||||||||| ||**Administration**||||||||||||||||| ||Reimbursement of costs|||(0.00)||||(0.00)||||(0.00)||||(0.00)|| ||Stationery/photocopying|||_(_0.00_)_||||(0.00)||||(0.00)||||(0.00)|| ||Hire of Meeting Room|||(0.00)||||(0.00)||||(0.00)||||(25.00)|| ||||||||||||||||||| ||**Total Payments**|||**(29,161.00)**||||**(0.00)**||||**(29,161.00)**||||**(53,453.50)**|| ||||||||||||||||||| ||To Special Reserve|||0.00||||0.00||||0.00||||0.00|| ||COIF Investments|||0.00||||0.00||||0.00||||0.00|| ||||||||||||||||||| ||**Movement in resources**|||**1,115.88**||||**4.79**||||**1,120.67**||||**(23,342.95)**|| ||Add current assets b/fwd
from previous year|||31,445.12|||40,354.18|||||71,799.30||||95,142.25|| ||**Total current assets at**
**31.12.2021**|||**32,561.00**|||**40,358.97**|||||**72,919.97**||||**71,799.30**|| **NB Maintenance of Church Services takes into account the agreed revised calculation method based on Parish Share only.**