| CONTENTS | PAGE | |||
|---|---|---|---|---|
| Reference and administrative | information | |||
| Report ofthe | trustees | 2-4 | ||
| Independent | Examiner's report |
|||
| Statement of |
financial | activities | - 2020 | |
| Balance sheet | ||||
| Notes to the | financial | statements | 8-14 |
| PRINCIPAL ADDRESS: | PRINCIPAL ADDRESS: | St. Botolph-without-Aldgate | St. Botolph-without-Aldgate | St. Botolph-without-Aldgate | |||
|---|---|---|---|---|---|---|---|
| Aldgate | |||||||
| London | |||||||
| EC3N 1AB | |||||||
| CHARITY NUMBER: | 207046 | ||||||
| TRUSTEES: | S.J.Borton (Resigned | 25 March | 2021) | ||||
| H.L.M. Jones | |||||||
| Mrs C.Jones | |||||||
| Revd L.Jorgensen | |||||||
| I. Mulcahey | |||||||
| Ms K M Olley (Resigned | 15November | 2020) | |||||
| Mrs D T Regis | |||||||
| Ms P Seymour | |||||||
| A Whibley (Appointed |
15November | 2020) | |||||
| PRINCIPAL OFFICERS: | D. Bigsby, Clerk to the | Trustees | |||||
| M.A. Sonn, Financial Officer |
|||||||
| INVESTMENT | MANAGERS: | CCLA Investment Management |
Limited | ||||
| Senator House | |||||||
| 65 Queen Victoria Street | |||||||
| London | |||||||
| EC4V 4ET | |||||||
| BlackRock Investment | Management | (UK) Limited | |||||
| 12Throgmorton Avenue |
|||||||
| London | |||||||
| EC2N 2DL | |||||||
| INDEPENDENT | EXAMINER; | Jeremy Tyrrell, FCA BA |
(Hons) | ||||
| RPG Crouch Chapman | LLP | ||||||
| Chartered Accountants |
|||||||
| 14-16Dowg ate Hill | |||||||
| London | |||||||
| EC4R 2SU |
| Permanent | Unrestricted | Unrestricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|---|
| Notes | Endowment | f | Funds | 2020 | 2019f | |||
| Income | ||||||||
| Investment income |
48,748 | 48,748 | 48,804 | |||||
| Interest | 319 | 319 | 40 | |||||
| Donations | 134 | 134 | 38 | |||||
| 49,201 | 49,201 | 48,882 | ||||||
| Expenditure | ||||||||
| Cost of Raising Funds | ||||||||
| Investment property costs |
102,400 | 102,400 | 33,425 | |||||
| Charitable expenditure: |
||||||||
| Grants | 40,393 | 40,393 | 34,055 | |||||
| Grantees | 26,700 | 26,700 | 27,000 | |||||
| Administration costs |
15,219 | 15,219 | 13,302 | |||||
| Total Resources Expended | 184,712 | 184,712 | 107,782 | |||||
| Net (Expenditure)/Income | (135,511) | (135,511) | (58,900) | |||||
| Transfer between funds |
(550,000) | 550,000 | ||||||
| Loss on sale of Investment | Property | 6 | (25,000) | (25,000) | 250,000 | |||
| Realised (Loss)/Profit |
on | sale of | ||||||
| investments | (4,553) | (4,553) | 3,846 | |||||
| Unrealised gains/(losses) |
on | |||||||
| Investment assets |
7 | 81,394 | 19,803 | 101,197 | 287,776 | |||
| Net Movement in Funds |
(468,606) | 404,739 | (63,867) | 482,722 | ||||
| Reconciliation ofFunds |
||||||||
| Funds brought forward |
01.01.2020 | 2,144,673 | 251,098 | 2,395,771 | 1,913,049 | |||
| Total Funds carried forward 31.12.2020 | 1,676,067 | 655,837 | 2,331,904 | 2,395,771 |
| 2020 | 2019 | |||||
|---|---|---|---|---|---|---|
| Notes | ||||||
| FIXEDASSETS | ||||||
| Freehold investment |
property | 550,000 | ||||
| Managed investments |
1,897,610 | 1,840,405 | ||||
| 1,897,610 | 2,390,405 | |||||
| CURRENT ASSETS | ||||||
| Cash at bank | 435,854 | 13,769 | ||||
| Sundry debtors | 8 | 1,290 | 2,081 | |||
| 437,144 | 15,850 | |||||
| CURRENT LIABILITIES | ||||||
| Sundry creditors | (2,850) | (10,484) | ||||
| NET CURRENT ASSETS | 434,294 | 5,366 | ||||
| NET ASSETS | 2,331,904 | 2,395,771 | ||||
| PERMANENT ENDOWMENT |
||||||
| Capital account | 1,676,069 | 2,144,673 | ||||
| UNRESTRICTED FUNDS | ||||||
| Accumulated income |
fund | 655,835 | 251,098 | |||
| TOTAL FUNDS | 2,331,904 | 2,395,771 |
| GRANTS AWARDED | 2020f | 2019 F |
|||
|---|---|---|---|---|---|
| St. Botolph's Churchyard | Maintenance | 1,500 | 1,500 | ||
| St. Botolph's Maintenance | & Development | 18,500 | 13,500 | ||
| St. Botolph's Rectors Discretionary | Fund | 750 | 750 | ||
| Portsoken Ward Club for | Three Score Club | 5,500 | 5,000 | ||
| Wingate Golden Oldies | 5,500 | 5,000 | |||
| Chiropody Clinic |
3,500 | 3,000 | |||
| Children ofthe Ward |
1,003 | ||||
| Relief in Need grants | 5,143 | 4,302 | |||
| 40,393 | 34,055 | ||||
| Grantees, including Christmas |
Bonus | 26,700 | 27,000 | ||
| ADMINISTRATION COSTS |
2020 | 2019 | |||
| Clerking and administration |
12,000 | 11,500 | |||
| Bank Charges | 108 | 30 | |||
| Other | 141 | 150 | |||
| Independent Examination |
2,970 | 1,622 | |||
| 15,219 | 13,302 |
| The sale | oft | he | property | completed on 16June at |
a revised market price off525,000 |
|
|---|---|---|---|---|---|---|
| 2020f | 2019 | |||||
| Valuation | at | 1 | January | 2020 | 550,000 | 550,000 |
| Disposal | (550,000) | |||||
| 550,000 |
| 7. | INVESTMENTS | Accumulated | Income | Capital | Capital | |
|---|---|---|---|---|---|---|
| COIF CIF | COIF CIF | COIF CIF | BRMLIM | |||
| Income Shr | Acc Shr | Income Shr | Charishare | Total | ||
| f | ||||||
| Market Value at 1 January 2020 | 17,183 | 228,549 | 1,434,176 | 160,497 | 1,840,405 | |
| Disposals | (17,183) | (26,812) | - | - | (43,995) | |
| Unrealised gains l(losses) |
19,801 | 92,138 | (10,740) | 101,200 | ||
| Market Value at 31 December 2020 | 221,539 | 1,526,314 | 149,757 | 1,897,610 | ||
| Historic Cost at 1 January 2020 | 7,914 | 100,000 | 117,701 | 49,973 | 275,588 | |
| Historic Cost at 31 December 2020 | 88,268 | 117,701 | 49,973 | 255,942 |
| All investments are carried |
All investments are carried |
at their | fair value. | Holdings | in common | investment | funds, | funds, | unit trusts | and | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| open-ended investment |
companies | are at the | bid price. | Asset sales | and purchases | are recognized | at | ||||
| the date oftrade at cost | (that is their | transaction | value). | ||||||||
| 8. | SUNDRY DEBTORS | 2020 | 2019 | ||||||||
| F | |||||||||||
| Investment Income |
1,290 | 1,357 | |||||||||
| Other debtors | 724 | ||||||||||
| 1,290 | 2,081 | ||||||||||
| 9. | SUNDRY CREDITORS | 2020 | 2019 | ||||||||
| E | |||||||||||
| Other creditors | 1,200 | 8,864 | |||||||||
| Independent Examination |
1,650 | 1,620 | |||||||||
| 2,850 | 10,484 | ||||||||||
| 10. | FINANCIAL INSTRUMENTS |
2020 | 2019 | ||||||||
| Financial assets measured | at fair value through | SOFA | 1,897,610 | 1,840,405 |
| 11. | ANALYSIS OF NET ASSETS BETWEEN | ANALYSIS OF NET ASSETS BETWEEN | ANALYSIS OF NET ASSETS BETWEEN | FUNDS | Unrestricted | Permanent | Permanent | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Accounts | & | Endowment | Total | ||||||||
| Income Fund Capital Funds f |
Funds | ||||||||||
| Fund balances at 31 December 2020 |
|||||||||||
| are represented | by: | ||||||||||
| Freehold property |
|||||||||||
| Managed investments |
221,541 | 1,676,069 | 1,897,610 | ||||||||
| Current assets | 437,144 | 437,144 | |||||||||
| Current liabilities |
(2,850) | (2,850) | |||||||||
| 655,835 | 1,676,069 | 2,331,904 | |||||||||
| ANALYSIS OF NET ASSETS BETWEEN | FUNDS | —PRIOR YEAR | |||||||||
| Fund balances at 31 December 2019 | |||||||||||
| are represented | by: | ||||||||||
| Freehold property |
550,000 | 550,000 | |||||||||
| Managed investments |
245,732 | 1,594,673 | 1,840,405 | ||||||||
| Current assets | 15,850 | - | 15,850 | ||||||||
| Current liabilities |
(10,484) | (10,484) | |||||||||
| 251,098 | 2,144,673 | 2,395,771 | |||||||||
| 12. | MOVEMENT IN FUNDS |
Brought | Gains/ | Carried | |||||||
| -CURRENT YEAR | Forward | Income | Expenditure | Transfers | (Losses) | Forward | |||||
| 2020 | 2020 | 2020 | 2020 | 2020 | 2020 | ||||||
| Unrestricted Funds |
251,098 | 49,201 | (184,712) | 550,000 | (9,752) | 655,835 | |||||
| Permanent Endowment |
2,144,673 | (550,000) | 81,396 | 1,676,069 | |||||||
| 2,395,771 | 49,201 | (184,712) | 71,644 | 2,331,904 | |||||||
| MOVEMENT IN |
FUNDS | Brought | Gains/ | Carried | |||||||
| -PRIOR YEAR | Forward | Income | Expenditure | Transfers | (Losses) | Forward | |||||
| 2019 | 2019 | 2019 | 2019 | 2019 | 2019 | ||||||
| f | f | ||||||||||
| Unrestricted Funds |
262,844 | 48,882 | (79,149) | (28,633) | 47,153 | 251,098 | |||||
| Permanent Endowment |
1,650,204 | (28,633) | 28,633 | 494,469 | 2,144,673 | ||||||
| 1,913,048 | 48,882 | (107,782) | 541,622 | 2,395,771 |