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||||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|
##
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|||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|