||||Page|
|---|---|---|---|
|Report ofthe Trustees|||1 to 2|
|Independent
Examiner's||Report||
|Statement ofFinancial||Activities||
|Balance Sheet||||
|Notes to the Financial|Statements||6to 10|
|Detailed Statement of|Financial Activities|||
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|for the Year Ended 31 Octo|ber 2|020||||||
|---|---|---|---|---|---|---|---|
|||||||31.10.20|31.10.19|
||||Unrestricted|Restricted|Endowment|Total funds|Total funds|
||||fund|fund|fund|||
|||Not||||||
|||es||||||
|INCOMING RESOURCES||||||||
|Incoming resources from||||||||
|generated
funds
Investment
income|||189||24,630|24,819|25,093|
|Other incoming
resources|||512|||512|496|
|RESOURCES EXPENDED||||||||
|Charitable
activities||||||||
|Charitable|||5,687|||5,687|7,172|
|Governance
costs|||4,123|||4,123|4,059|
|Total resources expended|||9,810|||9,810|11,231|
|NET INCOMING||||||||
|RESOURCES BEFORE||||||||
|TRANSFERS|||(9,109)||24,630|15,521|14,358|
|Gross transfers
between|funds|12|24,630||~24,630)|||
|Net incoming/(outgoing)|for|||||||
|the year before other
recognised
gains and losses|||15,521|||15,521|14,358|
|Realised gains/(losses)
on
asset investments|fixed||||~120,341)|i)20,341)|14,119|
|Net income/(expenditure)|||15,521||(120,341)|(104,820)|28,477|
|RECONCILIATION
OF||||||||
|FUNDS||||||||
|Total funds brought
forward|||181,07]|5,640|605,730|792,441|763,964|
|TOTAL FUNDS CARRIED||||||||
|FORWARD|||196,592|5,640|485,389|687,621|792,441|
|Balance Sheet
At 31 October 2020||||
|---|---|---|---|
|||31.10.20|31.10.19|
||Not|||
||es|||
|FIXEDASSETS||||
|Tangible assets||5,640|5,640|
|CURRENT ASSETS||||
|Debtors||288,985|288,667|
|Investments||390,575|494,786|
|Cash at bank and in hand||3,777|4,831|
|||683,337|788,284|
|CREDITORS||||
|Amounts
falling due within one||||
|year|10|(1,356)|(1,483)|
|NET CURRENT ASSETS||681,981|786,801|
|TOTAL ASSETSLESS||||
|CURRENT LIABILITIES||687,621|792,441|
|NET ASSETS||687,621|792,441|
|FUNDS|12|||
|Unrestricted
funds:||||
|General fund||196,592|181,071|
|Restricted funds:||||
|Restricted Fund||5,640|5,640|
|Endowment
funds:||||
|Endowment
Fund||485,389|605,730|
|TOTAL FUNDS||687,621|792,441|
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|||31.10.20|31.10.19|
|---|---|---|---|
|Investment|income|24,816|25,090|
|Bank Interest receivable||3|3|
|||24,819|25,093|
##
|T|he num|ber ofgrants|paid to individuals
was as|follows:||||
|---|---|---|---|---|---|---|---|
|||||2020|No:|2019|No:|
|In|respect|ofChristmas|benefit|27||27||
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|GOVERNANCE
COSTS|||
|---|---|---|
||31.10.20|31.10.19|
|Staffcosts|2,375|2,375|
|Insurance|665|652|
|Accountancy|1,032|1,032|
|General &travel|51||
||4, 123|4,059|
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|STAFF COSTS|||||
|---|---|---|---|---|
||||31.10.20|31.10.19|
|Wages and salaries|||2,375|2,375|
|The average monthly|number ofemployees|during the year was as follows:|||
||||31.10.20|31.10.19|
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||||31.10.20|31.10.19|
|---|---|---|---|---|
|Acres
4.455
Lt)770|Church Lane
Attributable|Corton
to New Almshouses|9,400
9,400
~3,760)~3,760)||
|2.685|||5,640|5,640|
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|The Following|are sh|ort term debtors:|||||
|---|---|---|---|---|---|---|
||||||31.10.20|31.10.19|
|Prepayments|||||318||
||||||318||
|The Following|are Long term debtors:||||||
||||||31.10.20|31.10.19|
|Capital Recoupment||Fund|||103,298|103,298|
|Capital Recoupment||Fund - New Almshouses|||50,000|50,000|
|Capital Recoupment||Fund - New Almshouses|(2)||135,369|135,369|
||||||288,667|288,667|
|CURRENT ASSET||INVESTMENTS|||||
|||||||31.10.20|
|Valuation
at 1 November 2019||||||494,786|
|Income re-invested||||||130|
|Additions||||||16,000|
|Disposals
Revaluations||||||~120,341)|
|Valuation
31 October||2020||||390,575|
|||||Cost|Market Value|Income|
|||||||Received|
|MAG Charifund||||42,283|332,091|0|
|Charity Deposit|Funds||||||
|Income||||49,985|50,484|130|
|Capital||||8,000|8,000|0|
|||||100,268|390,575|130|
##
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|ANALYSIS|OF NET ASSETS|BETWEEN F|UNDS||||
|---|---|---|---|---|---|---|
||||||31.10.20|31.10.19|
|||Unrestricted|Restricted|Endowment|Total funds|Total funds|
|||fund|fund|fund|||
|Fixed assets|||5,640||5,640|5,640|
|Current assets
Current
liabilities||197,948
~1,356)||485,389|683,337
~1,356)|788,284
~1,483 )|
|||196,592|5,640|485,389|687,621|792,441|
|MOVEMENT IN FUNDS|||||||
|||||Net movement|Transfers||
||||At 1.11.19|in funds|between
funds|At 31.10.20|
|Unrestricted|funds||||||
|General fund|||181,071|(9,109)|24,630|196,592|
|Restricted
funds|||||||
|Restricted Fund|||5,640|||5,640|
|Endowment|funds||||||
|Endowment|Fund||605,730|(95,711)|(24,630)|485,389|
|TOTAL FUNDS|||792,441||||
|Net movement
in funds, included||in the above are as follows:|||||
||||Incoming|Resources|Gains and|Movement
in|
||||resources|expended|losses|funds|
|Unrestricted|funds||||||
|General
fund|||701|(9,810)||(9,109)|
|Endowment|funds||||||
|Endowment|Fund||24,630||(120,341)|(95,711)|
|TOTAL FUNDS|||25,331|~9,810)|(120,341)|(104,820)|
##
|for the Year Ended 31O|ctober 2020|||
|---|---|---|---|
|||31.10.20|31.10.19|
|INCOMING RESOURCES||||
|Investment
income||||
|Investment
income||24,816|25,090|
|Bank Interest receivable||3|3|
|||24,819|25,093|
|Other incoming
resources
Allotment & land rent||512|496|
|Total incoming
resources||25,331|25,589|
|RESOURCES EXPENDED||||
|Charitable
activities||||
|Piper alarm rent
Water Rates - allotments||2,687|3,060
674|
|Repairs
Chiropody||300|318|
|Donations
for improvements||||
|Grants and distributions|to parishioners|2,700|3,120|
|||5,687|7,172|
|Governance
costs||||
|Secretary's
remuneration
Insurance||2,375
665|2,375
652|
|Accountancy
General 4 travel||1,032
51|1,032|
|||4,123|4,059|
|Total resources expended||9,810|11,231|
|Net income before gains and
losses||15,521|14,358|
|Realised recognised
gains and losses
Realised gains/(losses)
on fixed asset investments||(120,341)|14,119|
|Net income||(104,820)|28,477|