| INDEX | ~Pa e | ||
|---|---|---|---|
| Annual Report ofthe Trustees |
1-3 | ||
| Report of | the Independent | Examiner | |
| Receipts | and Payments | Account | |
| Statement | ofAssets and | Liabilities | |
| Notes to the Financial Statements | 7-9 |
| Clerk to the | Trustees: | Mr. R.R. Mullings | |
|---|---|---|---|
| Independent | Examiner: | Miss Ruth Herbert FCCA | |
| Wenn Townsend | |||
| Gosditch House | |||
| 5Gosditch Street | |||
| Cirencester | |||
| Gloucestershire | |||
| GL7 2AG | |||
| Bankers: | Lloyds Bank pic | ||
| 14Castle Street | |||
| Cirencester | |||
| Gloucesters hire | |||
| GL7 1QJ | |||
| Solicitors: | Sewell Mullings | Logic | |
| 7 Dollar Street | |||
| Cirencester | |||
| Gloucesters hire | |||
| GL7 2AS | |||
| Correspondence | |||
| Address: | 7 Dollar Street | ||
| Cirencester | |||
| Gloucesters hire | |||
| GL7 2AS |
| FOR THE Y | EAR EN | DED 31STDEC | EMBER 2020 | ||||
|---|---|---|---|---|---|---|---|
| Note | Unrestricted | Endowment | Total | ||||
| Funds | Funds | 2020 | 2019 | ||||
| Receipts | |||||||
| Rents received Investment income |
46,597 5,788 |
46,597 5,788 |
55,213 5,619 |
||||
| Total receipts | 52,385 | 52,385 | 60,832 | ||||
| Payments | |||||||
| Property expenses Grants Governance costs |
3 4 5. |
11,728 9,960 |
11,728 9,960 |
10,753 32,500 11,200 |
|||
| Investment purchases |
21,688 | 21,688 | 54,453 | ||||
| Total payments | ~i, I@ | 54,453 | |||||
| Net receipts/(payments) | for the year | 30,697 | 30,697 | 6,379 | |||
| Transfers between |
funds | ||||||
| Cash funds brought | forward | 46,716 | 46,716 | 40,337 | |||
| Cash funds carried | forward | E77,413 | E 77,413 | E46,716 |
| 2020 | 2019 | |||||||
|---|---|---|---|---|---|---|---|---|
| 1. Rents received | ||||||||
| Buchner | 18 | 18 | ||||||
| 21 West Market Place | 8,475 | 14,500 | ||||||
| 23West Market Place | 12,394 | 17,060 | ||||||
| 1st Floor | 8,445 | 8,060 | ||||||
| 2nd Floor | 10,155 | 8,585 | ||||||
| 3rd Floor | 7,110 | 6,990 | ||||||
| 646,597 | E 55,213 | |||||||
| 2. Investment income |
||||||||
| Dividends | 5,788 | 5,619 | ||||||
| Bank deposit interest | ||||||||
| E5,788 | F 5,619 | |||||||
| Letting agents fees | 3,277 | 3,098 | ||||||
| Legal and professional fees | 1,763 | 3,329 | ||||||
| Repairs | 4,381 | 2,030 | ||||||
| Gap Utilities | ||||||||
| Stairway light and heat |
224 | 283 | ||||||
| Insurance | 2,479 | 2,429 | ||||||
| Deduct: Tenants |
contributions | (396) | (416) | |||||
| E11,728 | E 10,753 | |||||||
| 4. Grants aid in ear |
||||||||
| Fabric fund ofCirencester | Parish | Church | (3/5ths) | 19,500 | ||||
| Powells Educational | Foundation | (1/5th) | 6,500 | |||||
| Trustees discretion —Powells Educational | Foundation(1/5th) | |||||||
| Trustees discretion —Fabric | fund | ofCirencester | Parish | |||||
| Church | (1/5th) | 6,500 | ||||||
| E - | E32,500 |
| 2019 | 2018 | ||||
|---|---|---|---|---|---|
| 5. | Governance | costs | |||
| Clerks fees | 8,760 | 9,340 | |||
| Legal and professional | fees | 1,200 | |||
| Accountancy | charges | 1,235 | |||
| Independent | examiners | fees | 625 | ||
| F9,960 | E11,200 | ||||
| 6. | Em lo ees |
and trustees |
| Tan ible fixed asset |
s | |
|---|---|---|
| Freehold properties | held for letting | |
| Valuation: | ||
| At 1stJanuary 2020 | 361,701 | |
| Additions | ||
| At 31st December 2020 | E361,701 |
| Investments | |||
|---|---|---|---|
| 2020 | 2019 | ||
| Market value at 1st January 2020 | 193,311 | 162,850 | |
| Additions in the year |
|||
| Unrealised gain/(loss) |
in the year | 13,294 | 30,461 |
| Market value at 31st | December 2020 | E206,605 | f 193,311 |
| 2020 | 2019 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 9. | Debtors | ||||||||
| Rent and insurance | contributions | owing | 2 5,748 | E2,450 | |||||
| 10. | Cash Funds | ||||||||
| Lloyds Bank Pic | 77,413 | 46,256 | |||||||
| Sewell Mullings | Logic Client | Account | 460 | ||||||
| F77,413 | E46,716 | ||||||||
| 11. | Creditors: amounts | fallin | due | within one | ear | ||||
| Grants payable | 65,000 | 32,500 | |||||||
| Rent guarantee | deposits | 3,125 | 3,125 | ||||||
| Rentin advance | 2,417 | 2,417 | |||||||
| Legal and professional | fees | 1,200 | |||||||
| Clerks fees | 1,460 | 1,460 | |||||||
| Accountancy | 3,870 | 1,890 | |||||||
| E75,872 | E42,592 |