| Page | |||||
|---|---|---|---|---|---|
| Report ofthe Trustees | I | to | 3 | ||
| Independent Examiner's |
Report | ||||
| Statement ofFinancial | Activities | ||||
| Balance Sheet | |||||
| Notes to the Financial | Statements | 7 | to | 12 | |
| Detailed Statement of | Financial Activities | 13 |
| 31.12.20 | 31.12.19 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||||
| funds | funds | funds | funds | |||||
| Notes | g | |||||||
| INCOME AND ENDOWMENTS | FROM | |||||||
| Investment income |
2 | 25,087 | 17,411 | 42,498 | 46,701 | |||
| KXPKNDITURK | ON | |||||||
| Raising funds | 12,363 | 6,961 | 19,324 | 13,316 | ||||
| Other | 15,496 | 17,860 | 33,356 | 20,314 | ||||
| Total | 27,859 | 24,821 | 52,680 | 33,630 | ||||
| Net gains/(losses) | on investments | 13,096 | (28,680) | (15,584) | 116,708 | |||
| NKT INCOME/(EXPENDITURE) | 10,324 | (36,090) | (25,766) | 129,779 | ||||
| Transfers between funds |
10 | (515) | 515 | |||||
| Net movenient in |
funds | 9,809 | (35,575) | (25,766) | 129,779 | |||
| RECONCILIATION | OFFUNDS | |||||||
| Total funds brought | forward | 824,303 | 601,369 | 1,425,672 | 1,295,893 | |||
| TOTAL FUNDS | CARRIED FORWARD | 834,112 | 565,794 | 1,399,906 | 1,425,672 |
| 31.12.20 | 31.12.19 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | 8 | ||||
| FIXEDASSETS | |||||
| Investment property |
7 | 300,000 | 300,000 | 300,000 | |
| CURRENT ASSETS | |||||
| Invesnnents | 8 | 472,014 | 523,600 | 995,614 | 1,001,927 |
| Cash at bank | 63,023 | 42,709 | 105,732 | 125,185 | |
| 535,037 | 566,309 | 1,101,346 | 1,127,112 | ||
| CREDITORS | |||||
| Amounts falling due ivithin one year |
9 | (925) | (515) | (1,440) | (1,440) |
| NETCURRENT ASSETS | 534,112 | 565,794 | 1,099,906 | 1,125,672 | |
| TOTAL ASSETSLESSCURRENT | |||||
| LIABILITIES | 834,112 | 565,794 | 1,399,906 | 1,425,672 | |
| NET ASSETS | 834,112 | 565,794 | 1,399,906 | 1,425,672 | |
| FUNDS | 10 | ||||
| Unrestricted funds |
834,112 | 824,303 | |||
| Restricted funds |
565,794 | 601,369 | |||
| TOTAL FUNDS | 1,399,906 | 1,425,672 |
| INVESTMENT INCOME | ||
|---|---|---|
| 31.12.20 | 31.12.19 | |
| Rents received | 14,251 | 14,717 |
| Deposit account uiterest | 160 | 309 |
| Dividends received |
28,087 | 31,675 |
| 42,498 | 46,701 |
| Investment management |
costs | ||
|---|---|---|---|
| 31.12.20 | 31.12.19 | ||
| Portfolio management | 12,641 | 11,865 | |
| Property repairs | 6,683 | 1,451 | |
| 19,324 | 13,316 |
| 31.12.20 | 31.12.19 | |||
|---|---|---|---|---|
| Administration | I | 1 | ||
| No eniployees received emoluments |
in excess off60,000. | |||
| COMPARATIVES FORTHE STATEMENT OF FINANCIAL | ACTIVITIES | |||
| Unrestricted | Restricted | Total | ||
| funds | funds | full(la | ||
| INCOME AND ENDOWMENTS | FROM | |||
| Investment income |
26,622 | 20,079 | 46,701 | |
| EXPENDITURE ON | ||||
| Raising funds | 6,832 | 6,484 | 13,316 | |
| Other | 11,799 | 8,515 | 20,314 | |
| Total | 18,631 | 14,999 | 33,630 | |
| Net gains on inveshnents | 55,144 | 61,564 | 116,708 | |
| NET INCOME | 63,135 | 66,644 | 129,779 | |
| Transfers betiveen funds |
(515) | 515 | ||
| Net movement in funds |
62,620 | 67,159 | 129,779 |
| COMPARATIVKS FOR THK STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVKS FOR THK STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVKS FOR THK STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVKS FOR THK STATEMENT OF FINANCIAL ACTIVITIES | - continued | ||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||
| funds | funds | funds | ||||
| 6 | ||||||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought | forward | 761,683 | 534,210 | 1,295,893 | ||
| TOTAL FUNDS CARRIED FORWARD | 824,303 | 601,369 | 1,425,672 | |||
| 7. | INVESTMENT PROPERTY | |||||
| FAIR VALUE | ||||||
| At 1 Januaty 2020 | ||||||
| and 31 December 2020 | 300,000 | |||||
| NKT BOOK VALUE | ||||||
| At 31December 2020 | 300,000 | |||||
| At 31December 2019 | 300,000 | |||||
| 8. | CURRENT ASSETINVKSTMKNTS | |||||
| 31.12.20 | 31.12.19 | |||||
| Listed investments | 995,614 | 1,001,927 | ||||
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||||
| 31.12.20 | 31.12.19 | |||||
| I | ||||||
| Other creditors | 1,440 | 1,440 | ||||
| 10, | MOVEMENT IN FUNDS | |||||
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1/1/20 | in | funds | funds | 31/12/20 | ||
| I | I | |||||
| Unrestricted funds |
||||||
| S&LHowland I |
347,777 | (7,213) | (1,075) | 339,489 | ||
| Churchlands | 476,526 | 17,537 | 560 | 494,623 | ||
| 824,303 | 10,324 | (515) | 834,112 | |||
| Restricted funds |
||||||
| S&LHowland 2 |
337,787 | (29,010) | 265 | 309,042 | ||
| Wicken Tmst | 263,582 | (7,080) | 250 | 256,752 | ||
| 601,369 | (36,090) | 515 | 565,794 | |||
| TOTAL FUNDS | 1,425,672 | (25,766) | 1,399,906 |
| Net movement | in funds, included | in funds, included | in the above are as follows: | |||
|---|---|---|---|---|---|---|
| Incoming | Resources | Gauss and | Movement | |||
| resources | expended | losses | in funds | |||
| Unrestricted | funds | |||||
| S&LHotvland | I | 14,406 | (21,619) | (7,213) | ||
| Churchlands | 10,681 | (6,240) | 13,096 | 17,537 | ||
| 25,087 | (27,859) | 13,096 | 10,324 | |||
| Restricted funds |
||||||
| S&LHosvland | 2 | 10,555 | (7,979) | (31,586) | (29,010) | |
| Wicken Trust | 6,856 | (16,842) | 2,906 | (7,080) | ||
| 17,411 | (24,821) | (28,680) | (36,090) | |||
| TOTAL FUNDS | 42,498 | (52,680) | (15,584) | (25,766) | ||
| Comparatives | for movement | in | funds | |||
| Net | Transfers | |||||
| movement | between | At | ||||
| At I/I/19 | in funds | funds | 31/12/19 | |||
| Unrestricted | funds | |||||
| S&LHowland | I | 340,552 | 8,300 | (1,075) | 347,777 | |
| Churchfands | 421,131 | 54,835 | 560 | 476,526 | ||
| 761,683 | 63,135 | (515) | 824,303 | |||
| Restricted funds |
||||||
| S&LHowland | 2 | 294,377 | 43,145 | 265 | 337,787 | |
| Wicken Trust | 239,833 | 23,499 | 250 | 263,582 | ||
| 534,210 | 66,644 | 515 | 601,369 | |||
| TOTAL FUNDS | 1,295,893 | 129,779 | 1,425,672 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| Unrestricted | funds | |||||
| S&LHowland | I | 14,990 | (6,690) | 8,300 | ||
| Churchlands | 11,632 | (11,941) | 55,144 | 54,835 | ||
| 26,622 | (18,631) | 55,144 | 63,135 | |||
| Restricted funds |
||||||
| S&LHowland | 2 | 12,691 | (10,367) | 40,821 | 43,145 | |
| Wicken Trust | 7,388 | (4,632) | 20,743 | 23,499 | ||
| 20,079 | (14,999) | 61,564 | 66,644 | |||
| TOTAL FUNDS | 46,701 | (33,630) | 116,708 | 129,779 | ||
| A current year | 12months | and prior year 12months | combined | position is as follows: | ||
| Net | Transfers | |||||
| movement | between | At | ||||
| At I/I/19 | in funds | funds | 31/12/20 | |||
| Unrestricted | funds | |||||
| S&LHowland | 1 | 340,552 | 1,087. | (2,150) | 339,489 | |
| Churchlands | 421,131 | 72,372 | 1,120 | 494,623 | ||
| 761,683 | 73,459 | (1,030) | 834,112 | |||
| Restricted funds |
||||||
| S&LHokvland | 2 | 294,377 | 14,135 | 530 | 309,042 | |
| Wicken Tmst | 239,833 | 16,419 | 500 | 256,752 | ||
| 534,210 | 30,554 | 1,030 | 565,794 | |||
| TOTAL FUNDS | 1,295,893 | 104,013 | 1,399,906 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| Unrestricted | funds | ||||
| S&LHotvland | I | 29,396 | (28,309) | 1,087 | |
| Churchlands | 22,313 | (18,181) | 68,240 | 72,372 | |
| 51,709 | (46,490) | 68,240 | 73,459 | ||
| Restricted funds | |||||
| S&LHotvland | 2 | 23,246 | (18,346) | 9,235 | 14,135 |
| Wicken Trust | 14,244 | (21,474) | 23,649 | 16,419 | |
| 37,490 | (39,820) | 32,884 | 30,554 | ||
| TOTAL FUNDS | 89,199 | (86,310) | 101,124 | 104,013 |
| 31.12.20 | 31.12.19 | |||
|---|---|---|---|---|
| INCOME AND ENDOWMENTS | ||||
| Investment income |
||||
| Rents received | 14,251 | 14,717 | ||
| Deposit account interest | 160 | 309 | ||
| Dividends received |
28,087 | 31,675 | ||
| 42,498 | 46,701 | |||
| Total incoming resources | 42,498 | 46,701 | ||
| EXPENDITURE | ||||
| Investment management |
costs | |||
| Portfolio management | 12,641 | 11,865 | ||
| Property repairs | 6,683 | 1,451 | ||
| 19,324 | 13,316 | |||
| Other | ||||
| Wages | 1,671 | 1,671 | ||
| Insurance | 1,162 | 1,065 | ||
| Computer costs |
40 | |||
| Clerks expenses | 54 | 658 | ||
| Ashford PCC | 29,029 | 15,440 | ||
| 31,916 | 18,874 | |||
| Support costs | ||||
| Governance costs |
||||
| Accountancy and legal fees |
1,440 | 1,440 | ||
| Total resources expended | 52,680 | 33,630 | ||
| Net (expenditure)/income | before gains and | |||
| losses | (10,182) | 13,071 | ||
| Realised recognised | gains | and losses | ||
| Realised gains/(losses) | on fixed asset investments | (15,584) | 116,708 | |
| Net (expenditure)/inconie | (25,766) | 129,779 |