| CONTENTS | PAGE | ||
|---|---|---|---|
| Reference and administrative | information | ||
| Report ofthe trustees | 2-4 | ||
| Independent Examiner's report |
|||
| Statement offinancial |
activities | - 2022 | |
| Balance sheet | |||
| Notes to the financial | statements | 8-13 |
| Permanent | Unrestricted | Unrestricted | Total | Total | |||
|---|---|---|---|---|---|---|---|
| Notes | Endowment | Funds | 2022 | 2021 | |||
| E | E | E | |||||
| Income | |||||||
| Investment income |
63,003 | 63,003 | 49,682 | ||||
| Interest | 313 | 313 | 38 | ||||
| Donations | 68 | 68 | |||||
| 63,384 | 63,384 | 49,720 | |||||
| Expenditure | |||||||
| Cost of Raising Funds | |||||||
| Charitable expenditure: |
|||||||
| Grants | 32,302 | 32,302 | 32,253 | ||||
| Grantees | 45,750 | 45,750 | 33,750 | ||||
| Administration costs |
15,583 | 15,583 | 13,880 | ||||
| Total Resources Expended | 93,635 | 93,635 | 79,883 | ||||
| Net (Expenditure)/Income | (30,251) | (30,251) | (30,163) | ||||
| Transfer between funds |
|||||||
| Realised (Loss)/Profit | on | sale of | |||||
| investments | (22,251) | (22,251) | |||||
| Unrealised (losses)/gains |
on | ||||||
| Investment assets |
5 | (208,518) | (26,626) | (235,144) | 272,337 | ||
| Net Movement in Funds |
(208,518) | (79,128) | (287,646) | 242,174 | |||
| Reconciliation ofFunds |
|||||||
| Funds brought forward |
01.01.2022 | 1,909,747 | 664,331 | 2,574,078 | 2,331,904 | ||
| Total Funds carried forward 31.12.2022 | 1,701,229 | 585,203 | 2,286,432 | 2,574,078 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Notes | E | F | |||
| FIXEDASSETS | |||||
| Managed investments |
2,227,552 | 2,169,946 | |||
| 2,227,552 | 2,169,946 | ||||
| CURRENT ASSETS | |||||
| Cash at bank | 60,788 | 402,992 | |||
| Sundry debtors | 6 | 1,392 | 2,790 | ||
| 62,180 | 405,782 | ||||
| CURRENT LIABILITIES | |||||
| Sundry creditors | 7 | (3,300) | (1,650) | ||
| NET CURRENT ASSETS | 58,880 | 404,132 | |||
| NET ASSETS | 2,286,432 | 2,574,078 | |||
| PERMANENT ENDOWMENT |
|||||
| Capital account | 1,701,229 | 1,909,747 | |||
| UNRESTRICTED FUNDS | |||||
| Accumulated income fund |
585,203 | 664,331 | |||
| TOTAL FUNDS | 2,286,432 | 2,574,078 |
| 3. | GRANTS AWARDED | 2022 | 2021 | |||
|---|---|---|---|---|---|---|
| F | ||||||
| St. Botolph's Churchyard | Maintenance | 1,500 | 1,500 | |||
| St. Botolph's Maintenance | & Development | 8780 | 8,780 | |||
| St. Botolph's Rectors Discretionary | Fund | 750 | 750 | |||
| Portsoken Ward Club for |
Three Score Club | 7,500 | 6,000 | |||
| Wingate Golden Oldies | 9,000 | 6,000 | ||||
| Chiropody Clinic |
3,630 | 3,000 | ||||
| Relief in Need grants | 1,142 | 6,223 | ||||
| 32,302 | 32,253 | |||||
| Grantees, including Christmas |
Bonus | 45,750 | 33,750 |
| 4. | ADMINISTRATION | ADMINISTRATION | COSTS | 2022 | 2021 |
|---|---|---|---|---|---|
| k | |||||
| Clerking and |
administration | 13,500 | 12,000 | ||
| Bank Charges | 81 | 96 | |||
| Other | 137 | 164 | |||
| Independent | Examination | 1,865 | 1,620 | ||
| 15,583 | 13,880 |
| INVESTMENTS | Accumulated | Income | Capital | Capital | ||
|---|---|---|---|---|---|---|
| COIF CIF | COIF CIF | COIF CIF | BRMLIM | |||
| Income Shr | Acc Shr | income Shr f |
Charishsre E |
Total | ||
| Market Value at 1 January 2022 | 260,196 | 1,743,776 | 165,974 | 2,169,946 | ||
| Additions | 552,946 | 552,946 | ||||
| Disposals | (237,945) | (237,945) | ||||
| Realised Losses | (22,251) | (22,251) | ||||
| Unrealised (losses)/gains |
(26,626) | (202,722) | (5,796) | (235,144) | ||
| Market Value at 31 December 2022 | 526,320 | 1,541,054 | 160,178 | 2,227,552 | ||
| Historic Cost at | 1 January 2022 | 88,268 | 117,701 | 49,973 | 255,942 | |
| Purchase/Sale | March 10&172022 | 552,946 | (88,268) | - | - | 464,678 |
| Historic Cost at | 31 December 2022 | 552,946 | 117,701 | 49,973 | 720,620 |
| 7. | SUNDRY CREDITORS | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|---|
| 6 | F. | ||||||
| Other creditors | 1,500 | ||||||
| Independent Examination |
1,800 | 1,650 | |||||
| 3,300 | 1,650 | ||||||
| 8. | FINANCIAL INSTRUMENTS |
2022 | 2021 | ||||
| E | E | ||||||
| Financial assets measured | at fair value through | SOFA | 2,227,552 | 2, | 169,946 | ||
| Financial assets measured | at fair value though | SOFA corn pdise fixed asset investments. |
| 9. | ANALYSIS OF NET ASSETS BETWEEN FUNDS | Unrestricted | Permanent | |
|---|---|---|---|---|
| Accounts & |
Endowment | Total | ||
| Income Fund Capital Funds f f |
Funds | |||
| Fund balances at 31 December 2022 | ||||
| are represented by: |
||||
| Managed investments |
526,323 | 1,701,229 | 2,227,552 | |
| Current assets | 62,180 | - | 62,180 | |
| Current liabilities |
(3,300) | (3,300) | ||
| 585,203 | 1,701,229 | 2,286,432 | ||
| ANALYSIS OF NET ASSETS BETWEEN FUNDS | —PRIOR YEAR | |||
| 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 |
| 10. | MOVEMENT IN FUNDS |
MOVEMENT IN FUNDS |
Brought | Sales | Gains/ | Carried | ||
|---|---|---|---|---|---|---|---|---|
| -CURRENT | YEAR | Forward | Income | Expenditure | Loss | (Losses) | Forward | |
| 2022 | 2022 | 2022 | 2022 | 2022 | 2022 | |||
| Unrestricted | Funds | 664,331 | 63,384 | (93,635) | (22,251) | (26,626) | 585,203 | |
| Permanent | Endowment | 1,909,747 | (208,518) | 1,701,229 | ||||
| 2,574,078 | 63,384 | (93,635) | (22,251) | (235,144) | 2,286,432 | |||
| MOVEMENT IN FUNDS |
Brought | Gains/ | Carried | |||||
| -PRIOR 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 | 49,720 | (79,883) | 272,337 | 2,574,078 |