| CONTENTS | PAGE | ||
|---|---|---|---|
| Reference and administrative | information | ||
| Report ofthe trustees | 2-4 | ||
| Independent Examiner's report |
|||
| Statement offinancial |
activities | - 2021 | |
| Balance sheet | |||
| Notes to the financial | statements | 8-14 |
| Permanent | Unrestricted | Total | Total | |||
|---|---|---|---|---|---|---|
| Notes | Endowment | Fundsf | 2021f | 2020f | ||
| Income | ||||||
| Investment income |
49,682 | 49,682 | 48,748 | |||
| Interest | 38 | 38 | 319 | |||
| Donations | 134 | |||||
| 49,720 | 49,720 | 49,201 | ||||
| Expenditure | ||||||
| Cost of Raising Funds | ||||||
| Investment property costs |
102,400 | |||||
| Charitable expenditure; |
||||||
| Grants | 32,253 | 32,253 | 40,393 | |||
| Grantees | 33,750 | 33,750 | 26,700 | |||
| Administration costs |
13,880 | 13,880 | 15,219 | |||
| Total Resources Expended | 79,883 | 79,883 | 184,712 | |||
| Net (Expenditure)/Income | (30,163) | (30,163) | (135,511) | |||
| Transfer between funds |
||||||
| Loss on sale of Investment | Property | 6 | (25,000) | |||
| Realised (Loss)/Profit on sale of |
||||||
| investments | (4,553) | |||||
| Unrealised gains/(losses) Investment assets |
on | 7 | 233,680 | 38,657 | 272,336 | 101,197 |
| Net Movement In Funds |
233,680 | 8,494 | 242,174 | (63,867) | ||
| Reconciliation ofFunds |
||||||
| Funds brought forward 01.01.2021 |
1,676,067 | 655,837 | 2,331,904 | 2,395,771 | ||
| Total Funds carried forward 31.12.2021 | 1,909,747 | 664,331 | 2,574,078 | 2,331,904 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Notes | F | ||||
| FIXEDASSETS | |||||
| Managed investments |
2,169,946 | 1,897,610 | |||
| 2,169,946 | 1,897,610 | ||||
| CURRENT ASSETS | |||||
| Cash at bank | 402,992 | 435,854 | |||
| Sundry debtors | 8 | 2,790 | 1,290 | ||
| 405,782 | 437,144 | ||||
| CURRENT LIABILITIES | |||||
| Sundry creditors | 9 | (1,650) | (2,850) | ||
| NET CURRENT ASSETS | 404,132 | 434,294 | |||
| NET ASSETS | 2,574,078 | 2,331,904 | |||
| PERMANENT ENDOWMENT |
|||||
| Capital account | 1,909,747 | 1,676,069 | |||
| UNRESTRICTED FUNDS | |||||
| Accumulated income fund |
664,331 | 655,835 | |||
| TOTAL FUNDS | 2,574,078 | 2,331,904 |
| INVESTMENT PROPERTY COSTS | INVESTMENT PROPERTY COSTS | 2021f | 2020 E |
|---|---|---|---|
| Sale Fees | 12,600 | ||
| Insurance | premium | 250 | |
| Security & | Legal Fees | 66,909 | |
| Utility costs | 2,641 | ||
| 102,400 |
| NOTES TO THE FINANCIAL | NOTES TO THE FINANCIAL | STA | TEM | ENTS | ||
|---|---|---|---|---|---|---|
| - continued | ||||||
| 4. | GRANTS AWARDED | 2021f | 2020f | |||
| St. Botolph's Churchyard | Maintenance | 1,500 | 1,500 | |||
| St. Botolph's Maintenance | & Development | 8,780 | 18,500 | |||
| St. Botolph's Rectors Discretionary | Fund | 750 | 750 | |||
| Portsoken Ward Club for |
Three Score Club | 6,000 | 5,500 | |||
| Wingate Golden Oldies |
6,000 | 5,500 | ||||
| Chiropody Clinic |
3,000 | 3,500 | ||||
| Relief in Need grants | 6,223 | 5,143 | ||||
| 32,253 | 40,393 | |||||
| Grantees, including Christmas |
Bonus | 33,750 | 26,700 | |||
| 5. | ADMINISTRATION COSTS |
2021 | 2020 | |||
| F | ||||||
| Clerking and administration |
12,000 | 12,000 | ||||
| Bank Charges | 96 | 108 | ||||
| Other | 164 | 141 | ||||
| Independent Examination |
1,620 | 2,970 | ||||
| 13,880 | 15,219 |
| The sale | oft | he | property | completed on 16June 2020 |
at a revised market price off5 | 25,000 |
|---|---|---|---|---|---|---|
| 2021 | 2020f | |||||
| Valuation | at | 1 | January | 2020 | 550,000 | |
| Disposal | (550,000) |
| 7. | INVESTMENTS | Accumulated | Income | Capital | ||||||||||
| COIF CIF | COIF | CIF | COIF CIF | BRMLIM | ||||||||||
| Income Shr | Acc | Shr | Income Shr | Charishare | Total | |||||||||
| f | E | f | F | |||||||||||
| Market Value at | 1 January | 2021 | 221,539 | 1,526,314 | 149,757 | 1,897,610 | ||||||||
| Disposals | ||||||||||||||
| Unrealised gains l(losses) |
38,657 | 217,462 | 16,217 | 272,336 | ||||||||||
| Market Value at | 31 December 2021 | 260, | 196 | 1,743,776 | 165,974 | 2,169,946 | ||||||||
| Historic Cost at | 1 January | 2021 | 88,268 | 117,701 | 49,973 | 255,942 | ||||||||
| Historic Cost at | 31 December 2021 | 88,268 | 117,701 | 49,973 | 255,942 | |||||||||
| All investments | are carried | at their | fair value. | Holdings | in | common | investment | 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 | 2021 6 |
2020f | |||||||||||
| Investment Income |
1,290 | 1,290 | ||||||||||||
| Other debtors | 1,500 | |||||||||||||
| 2,790 | 1,290 | |||||||||||||
| 9. | SUNDRY CREDITORS | 2021 | 2020 | |||||||||||
| 9 | ||||||||||||||
| Other creditors | 1,200 | |||||||||||||
| Independent Examination |
1,650 | 1,650 | ||||||||||||
| 1,650 | 2,850 | |||||||||||||
| 10. | FINANCIAL INSTRUMENTS |
2021 | 2020 | |||||||||||
| E | ||||||||||||||
| Financial assets | measured | at fair value through | SOFA | 2,169,946 | 1,897,610 |
| 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 | Funds | ||||||||||
| E | F | ||||||||||
| Fund balances at 31 December 2021 |
|||||||||||
| are represented | by: | ||||||||||
| Managed investments |
260,199 | 1,909,747 | 2, | 169,946 | |||||||
| Current assets | 405,782 | - | 405,782 | ||||||||
| Current liabilities |
(1,650) | (1,650) | |||||||||
| 664,331 | 1,909,747 | 2,574,078 | |||||||||
| ANALYSIS OF NET ASSETS BETWEEN | FUNDS | —PRIOR YEAR | |||||||||
| Fund balances at 31 December 2020 | |||||||||||
| are represented | by: | ||||||||||
| 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 | |||||||||
| 12. | MOVEMENT IN |
FUNDS | Brought | Gains/ | Carried | ||||||
| -CURRENT YEAR | Forward | Income | Expenditure | Transfers | (Losses) | Forward | |||||
| 2021 | 2021 | 2021 | 2021 | 2021 | 2021 | ||||||
| Unrestricted Funds |
655,837 | 49,720 | (79,883) | 38,657 | 664,331 | ||||||
| Permanent Endowment |
1,676,067 | 233,680 | 1,909,747 | ||||||||
| 2,331,904 | 49,201 | (79,883) | 272,337 | 2,574,078 | |||||||
| MOVEMENT IN |
FUNDS | Brought | Gains/ | Carried | |||||||
| -PRIOR YEAR | Forward | Income | Expenditure | Transfers | (Losses) | Forward | |||||
| 2020 | 2020 | 2020 | 2020 | 2020 | 2020 | ||||||
| F | F | ||||||||||
| Unrestricted Funds |
251,098 | 49,201 | (184,712) | 550,000 | (9,750) | 655,837 | |||||
| Permanent Endowment |
2,144,673 | (550,000) | 81,394 | 1,676,067 | |||||||
| 2,395,771 | 49,201 | (184,712) | 71,644 | 2,331,904 |