## **Trustees’ Annual Report for the period** **From 1[st] January 2022 To 31[st] December 2022** **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 £27,375.00 as follows:**
**£24,885.00 to cover part of the Parish**
**Share paid by the Towcester Parochial**
**Church Council for St Lawrence Church**
**(being 80% of income under the**
**calculation method agreed by the**
**Trustees)**
**£1,500.00 in respect of a fixed wire**
**electrical test in St Lawrence Church and**
**deducted from surplus income in General**
**Account.**
**£990.00 to partially fund the cost of a new**
**set of bell ropes incurred by the Bell**
**Ringers of St Lawrence Church and**
**deducted from surplus income in General**
**Account.**
**No funds were transferred out of income**
**to the Special Reserve Fund in 2022**| |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**
**£31,038. The total net assets (including**
**Special Reserve) decreased by £123,539**
**to £1,045,911.**| |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 31/12/22 of £107,819.**| |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.** Slgnatsrelsl Full namolsl AAHA** Po8ltion S£cA£TAAZ 4J? T*£ J S-rL Independent examinerfs report on the accounts Sectson A Raportto th8 trust88s1 Membe￿ of Ind¢wnd*nt Examlnorfs ROF RICHARD HICKS On •¢¢ouDts lortho y¢•r •niled 31￿ ￿e￿mber 2022 202543 Sotaut on pages Respe￿1¥9 charity's trusteès are responsible for the preparation cf the xcount5. re¥pon¥lbllltlvJ of The ch8rity's I￿￿tee$ rfjnsider that an audit 18 not requir& for this year trustee5 and examlner under section 144 of the Charitie$ A¢t 2¢11 (the Chantps Adl and that an indep8ndent exarnin8tion is need8d. It is my responsibility to.. examine the arxounts under 145 of the cha￿lieS A¢t. to fdlow the yocedures laid down in the gelleral D￿rectiOnS given by the Charity Commission luT￿eT Section 14515llbl oflhe Charities Act. and to State whether particular matters have corr* lo rny attention. Basis of indopendont My examination wa8 Carr￿d out in accordance with general Directions given •xaming¢8 statemont by the Charity Commission. An examination indudes a rew8w oft a¢¢ountsng re¢wd$ keK* by the tharrty and a comparison of the acu)unl8 presented wth those records. It also indudes consideration of any unusual items or clK8closures in th? accounts, and see￿"n9 8xplanalions from the trustee$ conrkming arly su¢h matters. Tre prO￿Ur&S undertaken do not provrd8 all the evidence that woulrs te required in an audit. and ¢¢nsequently no otYnK)n is given a5 to byhetherthe aGwunts p￿sent a'ttue and fair, vew and tTr￿ ￿[￿)rt L8 limtted to those matters sei out in the statement below. Ind•pondènt In conneuon my examlnatlon. IK) matter has Come to my attention . whiGh gives me reasonable cause lo telEve that in, any materLqI re8P8rt, the requirernent5'. to keep accounting rt&Yds in accordance with sectien 130 of th8 Charlties Act", and to prepare accounts wh￿h accord with ac(x)unling recoids and comply with the accounlirKJ requirements of the CharitE5 AL# have not been met., or 2. to which, in my opinion. Ètténtion should be drawn in orderto enab18 prowr undersiandlng orthe accounts to be reached. Please tho bvortls ID the brackets rfth8ydo not 8wIy. gned.. *me- R•lgvant profo8sion41 quallfl¢•t4onl81 or body Addre$5: hJJ2 &ts< ## **RICHARD HICKS CHARITY** ## **Statement of Accounts for the year ended 31[st] . December, 2022** ## **General Account** |||Payments (£)||Receipts (£)||**Total (£) 2022**||**_Total (£) 2021_**| |---|---|---|---|---|---|---|---|---| |**Opening Balance**||||||**32,350.01**||**31,234.13**| |Transfers to Lloyds Bank||(27,375.00)||||(27,375.00)||(29,161.00)| |Transfer to Special Reserve||(0.00)||||(0.00)||(0.00)| |Interest from Deposit Fund||||237.77||237.77||2.97| |Income from Investments||||31,037.83||31,037.83||30,273.91| |**Closing Balance**||||||**36,250.61**||**32,350.01**| ## **Special Reserve Account** |||Payments (£)||Receipts (£)||**Total (£) 2022**||**_Total (£) 2021_**| |---|---|---|---|---|---|---|---|---| |**Opening Balance**||||||**40,358.97**||**40,354.18**| |Transfer from General Account||||0.00||0.00||0.00| |Transfer to Nationwide||0.00||||0.00||0.00| |Special Reserve Interest||||393.75||393.75||4.79| |||||||||| |**Closing Balance**||||||**40,752.72**||**40,358.97**| ## **Lloyds Bank** |||Payments (£)||Receipts (£)||**Total (£) 2022**||**_Total (£) 2021_**| |---|---|---|---|---|---|---|---|---| |**Opening Balance**||||||**210.99**||**210.99**| |Transfers from General Account||||27,375.00||27,375.00||29,161.00| |Hire of Meeting Room||(0.00)||||(0.00)||(0.00)| |Maintenance of Church Services||(24,885.00)||||(24,885.00)||(24,161.00)| |Expenses||(0.00)||||(0.00)||(0.00)| |Quinquennial works and fees||(0.00)||||(0.00)||(0.00)| |Add,contributions toparish share||(0.00)||||(0.00)||(5,000.00)| |Fixed wire electrical test||(1,500.00)||||(1,500.00)||(0.00)| |Bellringers||(990.00)||||(990.00)||(0.00)| |**Closing Balance**||||||**210.99**||**210.99**| ## **INCOME FROM INVESTMENTS** ||||**Total (£) 2022**||**_Total (£) 2021_**| |---|---|---|---|---|---| |February|Income from COIF Investment Income Fund||6,436.79||6,184.46| ||Income from COIF Property Fund||1,272.20||1,170.05| ||||||| |May|Income from COIF Investment Income Fund||6,436.79||6,279.68| ||Income from COIF Property Fund||1,420.77||1,420.77| ||||||| |August|Income from COIF Investment Income Fund||6,436.79||6,279.68| ||Income from COIF Property Fund||1,253.62||1,253.62| ||||||| |November|Income from COIF Investment Income Fund||6,527.25||6,432.03| ||Income from COIF Property Fund||1,253.62||1,253.62| ||||**31,037.83**||**30,273.91**| ## **INTEREST FROM DEPOSIT ACCOUNTS** ||||**Total (£) 2022**||**_Total (£) 2021_**| |---|---|---|---|---|---| |January|Interest from COIF Deposit Account||1.20||0.37| ||Interest from COIF Special Reserve||1.50||0.47| |February|Interest from COIF Deposit Account||2.90||0.20| ||Interest from COIF Special Reserve||3.61||0.26| |March|Interest from COIF Deposit Account||6.76||0.29| ||Interest from COIF Special Reserve||8.35||0.36| |April|Interest from COIF Deposit Account||5.48||0.30| ||Interest from COIF Special Reserve||14.28||0.39| |May|Interest from COIF Deposit Account||6.41||0.13| ||Interest from COIF Special Reserve||18.24||0.36| |June|Interest from COIF Deposit Account||9.17||0.16| ||Interest from COIF Special Reserve||25.60||0.42| |July|Interest from COIF Deposit Account||15.75||0.22| ||Interest from COIF Special Reserve||29.56||0.41| |August|Interest from COIF Deposit Account||16.96||0.27| ||Interest from COIF Special Reserve||33.33||0.49| |September|Interest from COIF Deposit Account||24.20||0.23| ||Interest from COIF Special Reserve||46.93||0.41| |October|Interest from COIF Deposit Account||39.67||0.30| ||Interest from COIF Special Reserve||56.79||0.41| |November|Interest from COIF Deposit Account||48.13||0.25| ||Interest from COIF Special Reserve||68.89||0.41| |December|Interest from COIF Deposit Account||61.14||0.25| ||Interest from COIF Special Reserve||86.67||0.40| ||||||| ||||**631.52**||**7.76**| ## **RECONCILIATION STATEMENT** ||||General
Account||Special
Reserve||Lloyds Bank||**Total (£) 2022**||**_Total (£) 2021_**| |---|---|---|---|---|---|---|---|---|---|---|---| ||**Opening**
**Balances**||**32,350.01**||**40,358.97**||**210.99**||**72,919.97**||**71,799.30**| ||Transfers Out||(27,375.00)||(0.00)||(0.00)||(27,375.00)||(29,161.00)| ||Payments||0.00||0.00||(27,375.00)||(27,375.00)||(29,161.00)| ||Interest||237.77||393.75||0.00||631.52||7.76| ||Investment
Income||31,037.83||0.00||0.00||31,037.83||30,273.91| ||Transfers In||0.00||0.00||27,375.00||27,375.00||29,161.00| ||**Closing**
**Balances**||**36,250.61**||**40,752.72**||**210.99**||**77,214.32**||**_72,919.97_**| ## **Schedule of COIF Investments and their values at 31[st] December 2022** |||**Total (£) 2022**||**_Total (£) 2021_**| |---|---|---|---|---| |47,609.39 units in Investment Income Fund||865,296||979,154.00| |92,861.00 units in Property Fund||103,401||117,376.00| |||||| |**Total**||**968,697**||**1,096,530.00**| Whilst the values of the Investment Income Fund increased by £121,642 and the Property Fund by £14,635 during 2021 these were offset by decreases of £113,858 and £13,975 during 2022. There were no purchase or sale transactions conducted during 2022. ## **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, 2022** |||General
Funds||Special
Reserve||**Total (£)**
**2022**||**_Total (£)_**
**_2021_**| |---|---|---|---|---|---|---|---|---| |||||||||| |**Fixed Assets**||||||||| |Investments (Notes 1)||901,631.00||67,066.00||968,697.00||1,096,530.00| |||||||||| |**Total Fixed Assets**||**901,631.00**||**67,066.00**||**968,697.00**||**1,096,530.00**| |||||||||| |**Current Assets**||||||||| |Cash at Bank (Lloyds)||210.99||0.00||210.99||210.99| |Bank Deposits (COIF)||36,250.61||40,752.72||77,003.33||72,708.98| |||||||||| |**Total Current Assets**||**36,461.60**||**40,752.72**||**77,214.32**||**72,919.97**| |||||||||| |**Current Liabilities**||||||||| |Amounts falling due
in less than one year
(Note 2)||0.00||_0.00_||_0.00_||_0.00_| |||||||||| |**Net Current Assets**||**36,461.60**||**40,752.72**||**77,214.32**||**72,919.97**| |||||||||| |**Total Assets less Current**
**Liabilities**||**938,092.60**||**107,818.72**||**1,045,911.32**||**1,169,449.97**| |Amounts falling due
after more than one year||0.00||0.00||0.00||0.00| |||||||||| |**Total Net Assets**||**938,092.60**||**107,818.72**||**1,045,911.32**||**1,169,449.97**| **Note 1.** Valuation as per CCLA mid-market value at 31/12/2022. **Note 2.** No amounts fell due in less than one year as at 31/12/2021 or 31/12/2022 ## **RICHARD HICKS CHARITY** ## **Statement of Financial Activity Year ended 31[st] . December, 2022** ||||General
Funds|General
Funds|General
Funds||Special
Reserve|Special
Reserve|Special
Reserve||**Total (£)**
**2022**|**Total (£)**
**2022**|**Total (£)**
**2022**||**_Total (£)_**
**_2021_**|**_Total (£)_**
**_2021_**|**_Total (£)_**
**_2021_**| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||||||||||| ||**Incoming Resources**||||||||||||||||| ||Deposit Interest||||237.77|||393.75|||||631.52||||7.76| ||COIF Investments||||31,037.83|||0.00|||||31,037.83||||30,273.91| ||From General Account||||0.00|||0.00|||||0.00||||0.00| ||**Total Income**||||**31,275.60**|||**393.75**|||||**31,669.35**||||**30,281.67**| ||||||||||||||||||| ||**Outgoing Payments**||||||||||||||||| ||||||||||||||||||| ||Funding for Bellringers||||(990.00)||||(0.00)||||(990.00)||||(0.00)| ||Church electrical test|||(1,500.00)|||||(0.00)|||(1,500.00)|||||(0.00)| ||Quinquennial works|||(0.00)|||||(0.00)|||(0.00)|||||(0.00)| ||||||||||||||||||| ||**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)|||(o.00)|||||(0.00)| ||Church Ins + utilities|||(0.00)|||||(0.00)|||(0.00)|||||(0.00)| ||Parish Share|||(24,885.00)|||||(0.00)|||(24,885.00)||||(29,161.00)|| ||||||||||||||||||| ||**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)||||(0.00)|| ||||||||||||||||||| ||**Total Payments**|||**(27,375.00)**|||||**(0.00)**|||**(27,375.00)**||||**(29,161.00)**|| ||||||||||||||||||| ||To Special Reserve|||0.00|||||0.00|||0.00||||0.00|| ||COIF Investments|||0.00|||||0.00|||0.00||||0.00|| ||||||||||||||||||| ||**Movement in resources**|||**3,900.60**||||**393.75**||||**4,294.35**||||**1,120.67**|| ||Add current assets b/fwd
from previous year|||32,561.00|||40,358.97|||||72,919.97||||71,799.30|| ||**Total current assets at**
**31.12.2022**|||**36,461.60**|||**40,752.72**|||||**77,214.32**||||**72,919.97**|| **NB Maintenance of Church Services takes into account the agreed calculation method based on Parish Share only.** Independent examinerfs report on the accounts Sectson A Raportto th8 trust88s1 Membe￿ of Ind¢wnd*nt Examlnorfs ROF RICHARD HICKS On •¢¢ouDts lortho y¢•r •niled 31￿ ￿e￿mber 2022 202543 Sotaut on pages Respe￿1¥9 charity's trusteès are responsible for the preparation cf the xcount5. re¥pon¥lbllltlvJ of The ch8rity's I￿￿tee$ rfjnsider that an audit 18 not requir& for this year trustee5 and examlner under section 144 of the Charitie$ A¢t 2¢11 (the Chantps Adl and that an indep8ndent exarnin8tion is need8d. It is my responsibility to.. examine the arxounts under 145 of the cha￿lieS A¢t. to fdlow the yocedures laid down in the gelleral D￿rectiOnS given by the Charity Commission luT￿eT Section 14515llbl oflhe Charities Act. and to State whether particular matters have corr* lo rny attention. Basis of indopendont My examination wa8 Carr￿d out in accordance with general Directions given •xaming¢8 statemont by the Charity Commission. An examination indudes a rew8w oft a¢¢ountsng re¢wd$ keK* by the tharrty and a comparison of the acu)unl8 presented wth those records. It also indudes consideration of any unusual items or clK8closures in th? accounts, and see￿"n9 8xplanalions from the trustee$ conrkming arly su¢h matters. Tre prO￿Ur&S undertaken do not provrd8 all the evidence that woulrs te required in an audit. and ¢¢nsequently no otYnK)n is given a5 to byhetherthe aGwunts p￿sent a'ttue and fair, vew and tTr￿ ￿[￿)rt L8 limtted to those matters sei out in the statement below. Ind•pondènt In conneuon my examlnatlon. IK) matter has Come to my attention . whiGh gives me reasonable cause lo telEve that in, any materLqI re8P8rt, the requirernent5'. to keep accounting rt&Yds in accordance with sectien 130 of th8 Charlties Act", and to prepare accounts wh￿h accord with ac(x)unling recoids and comply with the accounlirKJ requirements of the CharitE5 AL# have not been met., or 2. to which, in my opinion. Ètténtion should be drawn in orderto enab18 prowr undersiandlng orthe accounts to be reached. Please tho bvortls ID the brackets rfth8ydo not 8wIy. gned.. *me- R•lgvant profo8sion41 quallfl¢•t4onl81 or body Addre$5: hJJ2 &ts< ## **RICHARD HICKS CHARITY** ## **Statement of Accounts for the year ended 31[st] . December, 2022** ## **General Account** |||Payments (£)||Receipts (£)||**Total (£) 2022**||**_Total (£) 2021_**| |---|---|---|---|---|---|---|---|---| |**Opening Balance**||||||**32,350.01**||**31,234.13**| |Transfers to Lloyds Bank||(27,375.00)||||(27,375.00)||(29,161.00)| |Transfer to Special Reserve||(0.00)||||(0.00)||(0.00)| |Interest from Deposit Fund||||237.77||237.77||2.97| |Income from Investments||||31,037.83||31,037.83||30,273.91| |**Closing Balance**||||||**36,250.61**||**32,350.01**| ## **Special Reserve Account** |||Payments (£)||Receipts (£)||**Total (£) 2022**||**_Total (£) 2021_**| |---|---|---|---|---|---|---|---|---| |**Opening Balance**||||||**40,358.97**||**40,354.18**| |Transfer from General Account||||0.00||0.00||0.00| |Transfer to Nationwide||0.00||||0.00||0.00| |Special Reserve Interest||||393.75||393.75||4.79| |||||||||| |**Closing Balance**||||||**40,752.72**||**40,358.97**| ## **Lloyds Bank** |||Payments (£)||Receipts (£)||**Total (£) 2022**||**_Total (£) 2021_**| |---|---|---|---|---|---|---|---|---| |**Opening Balance**||||||**210.99**||**210.99**| |Transfers from General Account||||27,375.00||27,375.00||29,161.00| |Hire of Meeting Room||(0.00)||||(0.00)||(0.00)| |Maintenance of Church Services||(24,885.00)||||(24,885.00)||(24,161.00)| |Expenses||(0.00)||||(0.00)||(0.00)| |Quinquennial works and fees||(0.00)||||(0.00)||(0.00)| |Add,contributions toparish share||(0.00)||||(0.00)||(5,000.00)| |Fixed wire electrical test||(1,500.00)||||(1,500.00)||(0.00)| |Bellringers||(990.00)||||(990.00)||(0.00)| |**Closing Balance**||||||**210.99**||**210.99**| ## **INCOME FROM INVESTMENTS** ||||**Total (£) 2022**||**_Total (£) 2021_**| |---|---|---|---|---|---| |February|Income from COIF Investment Income Fund||6,436.79||6,184.46| ||Income from COIF Property Fund||1,272.20||1,170.05| ||||||| |May|Income from COIF Investment Income Fund||6,436.79||6,279.68| ||Income from COIF Property Fund||1,420.77||1,420.77| ||||||| |August|Income from COIF Investment Income Fund||6,436.79||6,279.68| ||Income from COIF Property Fund||1,253.62||1,253.62| ||||||| |November|Income from COIF Investment Income Fund||6,527.25||6,432.03| ||Income from COIF Property Fund||1,253.62||1,253.62| ||||**31,037.83**||**30,273.91**| ## **INTEREST FROM DEPOSIT ACCOUNTS** ||||**Total (£) 2022**||**_Total (£) 2021_**| |---|---|---|---|---|---| |January|Interest from COIF Deposit Account||1.20||0.37| ||Interest from COIF Special Reserve||1.50||0.47| |February|Interest from COIF Deposit Account||2.90||0.20| ||Interest from COIF Special Reserve||3.61||0.26| |March|Interest from COIF Deposit Account||6.76||0.29| ||Interest from COIF Special Reserve||8.35||0.36| |April|Interest from COIF Deposit Account||5.48||0.30| ||Interest from COIF Special Reserve||14.28||0.39| |May|Interest from COIF Deposit Account||6.41||0.13| ||Interest from COIF Special Reserve||18.24||0.36| |June|Interest from COIF Deposit Account||9.17||0.16| ||Interest from COIF Special Reserve||25.60||0.42| |July|Interest from COIF Deposit Account||15.75||0.22| ||Interest from COIF Special Reserve||29.56||0.41| |August|Interest from COIF Deposit Account||16.96||0.27| ||Interest from COIF Special Reserve||33.33||0.49| |September|Interest from COIF Deposit Account||24.20||0.23| ||Interest from COIF Special Reserve||46.93||0.41| |October|Interest from COIF Deposit Account||39.67||0.30| ||Interest from COIF Special Reserve||56.79||0.41| |November|Interest from COIF Deposit Account||48.13||0.25| ||Interest from COIF Special Reserve||68.89||0.41| |December|Interest from COIF Deposit Account||61.14||0.25| ||Interest from COIF Special Reserve||86.67||0.40| ||||||| ||||**631.52**||**7.76**| ## **RECONCILIATION STATEMENT** ||||General
Account||Special
Reserve||Lloyds Bank||**Total (£) 2022**||**_Total (£) 2021_**| |---|---|---|---|---|---|---|---|---|---|---|---| ||**Opening**
**Balances**||**32,350.01**||**40,358.97**||**210.99**||**72,919.97**||**71,799.30**| ||Transfers Out||(27,375.00)||(0.00)||(0.00)||(27,375.00)||(29,161.00)| ||Payments||0.00||0.00||(27,375.00)||(27,375.00)||(29,161.00)| ||Interest||237.77||393.75||0.00||631.52||7.76| ||Investment
Income||31,037.83||0.00||0.00||31,037.83||30,273.91| ||Transfers In||0.00||0.00||27,375.00||27,375.00||29,161.00| ||**Closing**
**Balances**||**36,250.61**||**40,752.72**||**210.99**||**77,214.32**||**_72,919.97_**| ## **Schedule of COIF Investments and their values at 31[st] December 2022** |||**Total (£) 2022**||**_Total (£) 2021_**| |---|---|---|---|---| |47,609.39 units in Investment Income Fund||865,296||979,154.00| |92,861.00 units in Property Fund||103,401||117,376.00| |||||| |**Total**||**968,697**||**1,096,530.00**| Whilst the values of the Investment Income Fund increased by £121,642 and the Property Fund by £14,635 during 2021 these were offset by decreases of £113,858 and £13,975 during 2022. There were no purchase or sale transactions conducted during 2022. ## **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, 2022** |||General
Funds||Special
Reserve||**Total (£)**
**2022**||**_Total (£)_**
**_2021_**| |---|---|---|---|---|---|---|---|---| |||||||||| |**Fixed Assets**||||||||| |Investments (Notes 1)||901,631.00||67,066.00||968,697.00||1,096,530.00| |||||||||| |**Total Fixed Assets**||**901,631.00**||**67,066.00**||**968,697.00**||**1,096,530.00**| |||||||||| |**Current Assets**||||||||| |Cash at Bank (Lloyds)||210.99||0.00||210.99||210.99| |Bank Deposits (COIF)||36,250.61||40,752.72||77,003.33||72,708.98| |||||||||| |**Total Current Assets**||**36,461.60**||**40,752.72**||**77,214.32**||**72,919.97**| |||||||||| |**Current Liabilities**||||||||| |Amounts falling due
in less than one year
(Note 2)||0.00||_0.00_||_0.00_||_0.00_| |||||||||| |**Net Current Assets**||**36,461.60**||**40,752.72**||**77,214.32**||**72,919.97**| |||||||||| |**Total Assets less Current**
**Liabilities**||**938,092.60**||**107,818.72**||**1,045,911.32**||**1,169,449.97**| |Amounts falling due
after more than one year||0.00||0.00||0.00||0.00| |||||||||| |**Total Net Assets**||**938,092.60**||**107,818.72**||**1,045,911.32**||**1,169,449.97**| **Note 1.** Valuation as per CCLA mid-market value at 31/12/2022. **Note 2.** No amounts fell due in less than one year as at 31/12/2021 or 31/12/2022 ## **RICHARD HICKS CHARITY** ## **Statement of Financial Activity Year ended 31[st] . December, 2022** ||||General
Funds|General
Funds|General
Funds||Special
Reserve|Special
Reserve|Special
Reserve||**Total (£)**
**2022**|**Total (£)**
**2022**|**Total (£)**
**2022**||**_Total (£)_**
**_2021_**|**_Total (£)_**
**_2021_**|**_Total (£)_**
**_2021_**| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||||||||||| ||**Incoming Resources**||||||||||||||||| ||Deposit Interest||||237.77|||393.75|||||631.52||||7.76| ||COIF Investments||||31,037.83|||0.00|||||31,037.83||||30,273.91| ||From General Account||||0.00|||0.00|||||0.00||||0.00| ||**Total Income**||||**31,275.60**|||**393.75**|||||**31,669.35**||||**30,281.67**| ||||||||||||||||||| ||**Outgoing Payments**||||||||||||||||| ||||||||||||||||||| ||Funding for Bellringers||||(990.00)||||(0.00)||||(990.00)||||(0.00)| ||Church electrical test|||(1,500.00)|||||(0.00)|||(1,500.00)|||||(0.00)| ||Quinquennial works|||(0.00)|||||(0.00)|||(0.00)|||||(0.00)| ||||||||||||||||||| ||**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)|||(o.00)|||||(0.00)| ||Church Ins + utilities|||(0.00)|||||(0.00)|||(0.00)|||||(0.00)| ||Parish Share|||(24,885.00)|||||(0.00)|||(24,885.00)||||(29,161.00)|| ||||||||||||||||||| ||**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)||||(0.00)|| ||||||||||||||||||| ||**Total Payments**|||**(27,375.00)**|||||**(0.00)**|||**(27,375.00)**||||**(29,161.00)**|| ||||||||||||||||||| ||To Special Reserve|||0.00|||||0.00|||0.00||||0.00|| ||COIF Investments|||0.00|||||0.00|||0.00||||0.00|| ||||||||||||||||||| ||**Movement in resources**|||**3,900.60**||||**393.75**||||**4,294.35**||||**1,120.67**|| ||Add current assets b/fwd
from previous year|||32,561.00|||40,358.97|||||72,919.97||||71,799.30|| ||**Total current assets at**
**31.12.2022**|||**36,461.60**|||**40,752.72**|||||**77,214.32**||||**72,919.97**|| **NB Maintenance of Church Services takes into account the agreed calculation method based on Parish Share only.**