Gislingham United Charity Registered Charity No: 208340
Trustees' Annual Report & Accounts
Financial Year Ended 31 December 2021
Gislingham United Charity Registered Charity Number: 208340
INDEX
Receipts & Payments for the Financial Year Ended 31 December 2021 Statement of Assets & Liabilities at 31 December 2021 Notes to the Accounts - 31 December 2021 Trustees' Annual Report 2021
Gislingham United Charity
Registered Charity Number: 208340
RECEIPTS & PAYMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021
| Restricted Funds | Endowment Funds | Total Funds | 2020 Total Funds | |
|---|---|---|---|---|
| £ | £ | £ | £ | |
| Receipts | ||||
| Dividends on Investments | 9572 | 9572 | 11233 |
|
| Fee Rebates | 125 | 125 | 208 |
|
| Interest Earned | 37 | 37 | 172 |
|
| Sub-total | 9734 | 9734 | 11613 |
|
| Receipts from Sales of Investments | 350663 | 350663 |
174698 |
|
| Total Receipts | 9734 | 350663 |
360397 |
186311 |
| Payments | ||||
| Investment Management Fees | 4296 | 4296 | 4693 |
|
| Clerk's Salary & Expenses | 2740 | 2740 | 1951 |
|
| Grants & Awards | 8915 | 8915 | 9415 |
|
| Sundry Management Costs | 1071 | 1071 | 334 |
|
| Sub-total | 17022 | 17022 | 16393 |
|
| Purchase of Investments | 321634 | 321634 |
160615 |
|
| Total Payments | 17022 | 321634 |
338656 |
177008 |
| Net of Receipts/(Payments) | -7288 | 29029 |
21741 |
9303 |
| Cash Funds at 1 January 2020 | 37037 | 27734 |
||
| Cash Funds at 31 December 2020 | 22117 | 37037 |
Gislingham United Charity
Registered Charity Number: 208340 STATEMENT OF ASSETS & LIABILITIES AT 31 DECEMBER 2021
| Assets Amenities Land Other Land Investment Portfolio (at valuation) Investment Cash Balances Cash at Bank Cash in Hand Total Assets |
2021 2020 £ £ Notes 2 33514 33514 3 1 1 481832 455631 4 18180 27807 3937 9230 5 50 50 537514 516233 |
|---|---|
The Trustees do not consider that there are any material liabilities at 31 December 2021.
These Accounts were approved by the Trustees at a meeting held on………………
Signed by the Chairman on behalf of all the Trustees:
Signature:
Name:
Date of Approval:
Gislingham United Charity Registered Charity Number: 208340 NOTES TO THE ACCOUNTS - 31 DECEMBER 2021
1. Analysis of Receipts & Payments by Branch
| 1. Analysis of Receipts & Payments by Branch | |||||
|---|---|---|---|---|---|
| Non-Ecclesiastical | Education | Ecclesiastical | Total | ||
| £ | £ |
£ |
£ | ||
| Receipts | |||||
| Dividends on Investments | 1414 | 8147 |
11 |
9572 | |
| Fee Rebates | 18 | 107 |
0 |
125 | |
| Interest Earned | 6 | 31 |
0 |
37 | |
| Receipts from Sales of Investments | 51793 | 298449 |
421 |
350663 | |
| Total Receipts | 53231 | 306734 |
432 |
360397 | |
| Payments | |||||
| Investment Management Costs | 635 | 3656 |
5 |
4296 | |
| Clerk's Salary & Expenses | 405 | 2332 |
3 |
2740 | |
| Grants & Awards | 1316 | 7588 |
11 |
8915 | |
| Sundry Management Costs | 158 | 912 |
1 |
1071 | |
| Purchase of Investments | 47505 | 273743 |
386 |
321634 | |
| Total Payments | 50019 | 288231 |
406 |
338656 | |
| Net of Receipts/(Payments) | 3212 | 18503 |
26 |
21741 | |
| Receipts & Payments are apportioned between Branches in the below stated percentages. | |||||
| Grants are allocated to the actual Branch to which they pertain. | |||||
| % | |||||
| Non-Ecclesiastical (1st Moiety - 7.74%. 2nd Moiety - 7.03%) | 14.77 | ||||
| Education | 85.11 | ||||
| Ecclesiastical | 0.12 |
100
2. Amenities Land
The value of the 10.84 acres known as Charities Meadow is shown at the acquistion cost. Of this, 0.75 acres are leased to Suffolk County Council as an extension to the new school playing field for 50 years from 1 September 2002. This is in exchange for the use of the adjacent car parking facility and a reciprocal rent of £1 p.a.
3. Other Land
The Other Land comprises "Town House Yard" being a freehold property previously used as a playground (approx.0.25 acres) to the east of the Six Bells Public House in Gislingham, and is carried at a nominal value.
4. Investment Cash Balances
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Transact General Investment Account 1 (Income) | 0 | 7427 |
| Transact General Investment Account 2 (Capital) | 0 | 2452 |
| Transact Income Account | 0 | 1830 |
| Charles Stanley Capital Account | 16767 | 0 |
| Charles Stanley Incomel Account | 1413 | 0 |
| Total | 18180 | 11709 |
5. Cash in Hand
Held in the safe of St Mary's Church, Gislingham.
£50
£50
6. Revised Branch Allocation Percentages
The result of the correction to the split of the Branch payments for the purchase of the Charity Meadow, as per Ensors report Jan 2021 % Non-Ecclesiastical (1st Moiety - 9.60%. 2nd Moiety - 2.21%) 11.81 Education 88.07 Ecclesiastical 0.12
27[th] May 2022.
To whom it may concern.
I can confirm that I have conducted an audit on Gislingham United Charity accounts and found them to be a true and correct record of their financial transactions for the year ending 31[st] December 2021.
Yours faithfully,
Steve Holman, Independent Financial Adviser Partner, R & H Partnership