| Notes | 2021 | 2020 | |||
|---|---|---|---|---|---|
| FIXEDASSETS | |||||
| Investments | 5,002,557 | 4,497,504 | |||
| CURRENT | ASSETS | ||||
| Cash at bank and on | deposit | 106,921 | 109,238 | ||
| Debtors | 34,152 | 39,158 | |||
| 141,073 | 148,396 | ||||
| Creditors: | Amounts | falling due within one year | (3,902) | (4,403) | |
| NET CURRENT ASSETS | 137,171 | 143,993 | |||
| NET ASSETS | 5,139,728 | 4,641,497 | |||
| REPRESENTED BY: | |||||
| Unrestricted | funds | 4,617,681 | 4,172,963 | ||
| Endowment | funds | 522)047 | 468,534 | ||
| Total funds | 5,139,728 | 4,641,497 |
| Unrestricted | Endowment | Total | Total | ||
|---|---|---|---|---|---|
| ¹tes | Funds | Funds | 2021 | 2020 | |
| 5 | |||||
| INCOME AND EXPENDITURE | |||||
| Income from: | |||||
| Income on investments | 125,450 | 14,486 | 139,936 | 145,270 | |
| Interest on deposit | 32 | 32 | 342 | ||
| 125,482 | 14,486 | 139,968 | 145,612 | ||
| Total income | |||||
| Expenditure on: |
|||||
| Charitable activities |
159,094 | 463 | 159,557 | 160,288 | |
| Total expenditure | 159,094 | 463 | 159I557 | 160,288 | |
| Net (expenditure) / income |
|||||
| before transfers and gains |
(33,612) | 14,023 | (19,589) | (14,676) | |
| Transfers between funds |
14,023 | (14,023) | |||
| Net (expenditure)/ income after |
(19,589) | (19,589) | (14,676) | ||
| transfers snd before gains | |||||
| Other gains and losses | |||||
| Realised gains on the disposal of | |||||
| investinents | 894 | 894 | 638 | ||
| Unrealised gains on market value |
|||||
| ofinvestments | 463,413 | 53,513 | 516,926 | 142,960 | |
| Net movements in funds |
444,718 | 53,513 | 498,231 | 128,922 | |
| Total funds brought forward I |
4,172,963 | 468,534 | 4,641,497 | 4,512,575 | |
| July 2020 | |||||
| Total funds carried forward 30 | |||||
| June 2021 | 8/9 | 4,617,681 | 522,047 | 5,139,728 | 4,641,497 |
| 2021 | 2020 | ||
|---|---|---|---|
| INVESTMENTS | 5 | 5 | |
| Market value | at I July 2020 | 4,497,504 | 4,372,605 |
| Additions | 1,333 | ||
| Disposals | (13,206) | (18,061) | |
| Unrealised gain in the year |
5167926 | 142,960 | |
| Market value | 30 June 2021 | 5,002,557 | 4,497,504 |
| Historical cost as at 30June 2021 | 2,747,713 | 2,754,468 | |
| Investments | at market value comprised: | ||
| Global equities | 2,643,059 | 2,275,500 | |
| UK equities | 994,931 | 809,056 | |
| Fixed interest | securities | 501,704 | 690,058 |
| Property | 452,225 | 455,885 | |
| Liquid assets | 153,484 | 127,433 | |
| Alternative assets |
257,154 | 139,572 | |
| 5,002,557 | 4,497,504 |
| INVESTMENTS (continued) | INVESTMENTS (continued) | INVESTMENTS (continued) | ||||
|---|---|---|---|---|---|---|
| All investments are listed UK securities, held in the Fund's investment |
portfolio managed | and | ||||
| administered by Sarasin & Partners LLP. The primary generate sufficient levels ofannual income and capital distributions to be maintained whilst achieving overall |
objective ofthe investments held is to growth to enable adequate levels ofgrant growth ofthe portfolio's capital value. |
|||||
| 2021 | 2020 | |||||
| 4 | REALISED GAIN ON SALE OF INVESTMENTS | 8 | ||||
| Sale proceeds from sale ofinvestments Less: original cost |
14,100 (8,088) |
18,699 (11,424) |
||||
| Profit on original cost Less: unrealised gain previously recognised |
6,012 (5,118) |
7,275 (6,637) |
||||
| Realised gain on sale of investinents | 894 | 638 | ||||
| 5 | CASH AT BANK AND ON DEPOSIT | 2021 | 2020f | |||
| Barclays Bank Current account Barclays Bank Base Rate Reward account Sarasin 8r Partners Sterling Investment account |
1,030 105,891 |
795 106,770 1,673 |
||||
| 106,921 | 109,238 | |||||
| 2021 | 2020 | |||||
| 6 | DEBTORS | |||||
| Accrued investment income and bank interest |
34,152 | 39,158 | ||||
| 34,152 | 39,158 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| 7 | CREDITORS: Amounts | falling due within one year | |||
| Grants payable | 463 | 481 | |||
| Accruals | 3,439 | 3,922 | |||
| 3,902 | 4,403 | ||||
| 2021 | 2020 | ||||
| 8 | UNRESTRICTED FUNDS | ||||
| Balance brought | forward | I July 2020 | 4,172,963 | 4,058,840 | |
| (Deficit) for the | year | (19,589) | (14,676) | ||
| Realised gain on sale ofinvestments | 894 | 638 | |||
| Unrealised gain |
in market value for the year | 463i413 | 128,161 | ||
| Balance cerned | forward | 30June 2021 | 4,617,681 | 4,172,963 |
| 30June | Market | 30June | |||
|---|---|---|---|---|---|
| ENDOWMENT FUNDS |
2020 | gain | 2021 | ||
| K | |||||
| Priors Hardwick Trust | 4,337 | 495 | 4,832 | ||
| RA Clement Trust | 43,887 | 5,012 | 48,899 | ||
| Incumbents' Sustentation |
Fund | 121,006 | 13,821 | 134,827 | |
| Endowment Capital Trust |
2,512 | 287 | 2,799 | ||
| Miss RLJ Stallard | Bequest | 99,620 | 11,378 | 110,998 | |
| Tithe Redemption | Trust | 22,228 | 2,539 | 24,767 | |
| AD Yorke Legacy | 174,944 | 19,981 | 194,925 | ||
| 468,534 | 53,513 | 522,047 |
| or the year ended 30June 2021 | or the year ended 30June 2021 | |||
|---|---|---|---|---|
| 10 STATEMENT OFFINANCIAL ACTIVITIES |
FORTHE YEAR | ENDED 30JUNE | 2020 | |
| Unrestricted | Endowment | Total | ||
| Funds | Funds | |||
| f | ||||
| Income from: | ||||
| Income on investments | 130,231 | 15,039 | 145,270 | |
| Interest on deposit | 342 | 342 | ||
| Total income | 130,573 | 15,039 | 145,612 | |
| Expenditure on: |
||||
| Charitable activities |
159,807 | 481 | 160)288 | |
| Total expenditure | 159,807 | 481 | 160,288 | |
| Net (expenditure) / incotne |
||||
| before transfers and |
gains | (29,234) | 14,558 | (14,676) |
| Transfers between funds |
14,558 | (14,558) | ||
| (14,676) | (14,676) | |||
| Other gains and losses | ||||
| Realised gains on the disposal ofinvestments | 638 | 638 | ||
| Unrealised gains on |
market value ofinvestments | 128,161 | 14,799 | 142,960 |
| Net movements in |
funds | 114,123 | 14,799 | 128,922 |
| Total funds brought | forward | 4,058,840 | 453,735 | 4,512,575 |
| Total funds carried forward | 4,172,963 | 468,534 | 4,641,497 |
| or th | e year ended 30June 2021 | e year ended 30June 2021 | e year ended 30June 2021 | e year ended 30June 2021 | e year ended 30June 2021 | ||
|---|---|---|---|---|---|---|---|
| 11 | EXPENDITURE ON CHARITABLE ACTIVITIES | Total | Total | ||||
| 2021 | 2020 | ||||||
| 8 | |||||||
| Direct Costs | |||||||
| Grants payable | 150,463 | 150,481 | |||||
| Support costs | |||||||
| Management fee |
8,000 | 8,000 | |||||
| Audit fees | 3,458 | 3,338 | |||||
| Legal and professional | fees | (2424) | (2,083) | ||||
| Other expenses | 10 | 552 | |||||
| 159&557 | 160,288 | ||||||
| 12 | GRANTS PAYABLE | 2021 | 2020 | ||||
| The amount payable | in the year comprises: | ||||||
| Support to clergy- | |||||||
| 42 grants (2020:42) to dioceses | (see below) | 150,000 | 150,000 | ||||
| 5 grants (2020:5) | to Incumbents | Sustentation | Funds | 463 | 481 | ||
| 150,463 | 150,481 |
| or th | e year ended 30June 2021 | ||
|---|---|---|---|
| 13 | SUMMARY OF BLOCKGRANTS TO DIOCESES | 2021 | 2020 |
| 5 | |||
| Bath snd Wells | 3&144 | 3,106 | |
| Birmingham | 5,291 | 5,003 | |
| Blackbum | 5,355 | 4,923 | |
| Bristol | 2&225 | 2 322 | |
| Canterbury | 2&693 | 2,667 | |
| Carlisle | 2,081 | 2,187 | |
| Chelms ford | 5,2$9 | 5,462 | |
| Chester | 4&693 | 4,569 | |
| Chichester | 4,935 | 4,858 | |
| Coventry | 2&306 | 2,395 | |
| Derby | 2,677 | 2,747 | |
| Durham | 4,855 | 4,479 | |
| Ely | 2,435 | 2,652 | |
| Europe | 2,000 | 2,000 | |
| Exeter | 3,080 | 3,173 | |
| Gloucester | 1,612 | 1,593 | |
| Guildford | 2)257 | 2,239 | |
| Hereford | 1,371 | 1,436 | |
| Leicester | 1,983 | 2,000 | |
| Lichfield | 5&645 | 5,933 | |
| Lincoln | 3,952 | 3,887 | |
| Liverpool | 5,743 | 5,823 | |
| London | 7,224 | 8,618 | |
| Manchester | $,001 | 7,398 | |
| Newcastle | 3&177 | 2,857 | |
| Norwich | 3,289 | 3,234 | |
| Oxford | 4,676 | 4,637 | |
| Peterborough | 2,484 | 2,565 | |
| Portsmouth | 2,467 | 2,333 | |
| Rochester | 3,064 | 3,032 | |
| StAlbans | 3,209 | 3,269 | |
| StEdmundsbury &Ipswich |
1,$87 | 2,105 | |
| Salisbury | 2,274 | 2,252 | |
| She6ield | 4,758 | 4,428 | |
| Sodor and Man | 226 | 224 | |
| Southwark | 4,209 | 4,399 | |
| Southwell | 3,177 | 3,267 | |
| Tturo | 1,774 | 1,833 | |
| West Yorkshire &The Dales | 8,339 | 8,057 | |
| Winchester | 2,515 | 2,422 | |
| Worcester | 1,677 | 1,792 | |
| York | 5&951 | 5,824 | |
| Total | 150,000 | 150,000 | |
| 14 | AUDITORS REMUNERATION | 2021 | 2020 |
| 5 | |||
| Fees payable for the audit ofthe financial state)nants | 3,458 | 3,338 |
| Unrestricted | Endowment | Total | ||
|---|---|---|---|---|
| Funds | Funds | Funds | ||
| 15 | ANALYSIS OF NET ASSETSBETWEEN | |||
| FUNDS | ||||
| Investments | 4,480,510 | 522,047 | 5,002,557 | |
| Current assets | 141,073 | 141,073 | ||
| Current liabilities | (3,902) | (3,902) | ||
| Net assets at 30June 2021 | 4,617,681 | 522,047 | 5,139,728 | |
| Unrestricted | Endowment | Total | ||
| Funds | Funds | Funds | ||
| Investments | 4,028,970 | 468,534 | 4,497,504 | |
| Current assets | 148,396 | 148,396 | ||
| Current liabilities | (4,403) | (4,403) | ||
| Net assets at 30June 2020 | 4,172,963 | 468,534 | 4,641,497 |
| FINANCIAL INSTRUMENTS | FINANCIAL INSTRUMENTS | |||
|---|---|---|---|---|
| The carrying amounts for each | category ofEnancial instrument | is as follows: | ||
| 2021 | 2020 | |||
| g | ||||
| Financial | assets measured | at fair value | ||
| through | income and expenditure | |||
| Fixed asset listed investments | (note 3) | 5,002,557 | 4,497,504 |