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||||Page|
|---|---|---|---|
|Reference and Administrative
Details ofthe CharitY, its Trustees||and Advisers||
|Trustees'
Report|||2-6|
|Independent
Examiner's|Report||7-8|
|Statement
of Financial|Activities|||
|8alance Sheet|||10|
|Notes to the Financial Statements|||11-29|
|REFERENCE|REFERENCE|AND ADMINISTRATIVE
DETAILS|AND ADMINISTRATIVE
DETAILS|OF THE CHARITY, ITS TRUSTEES AND|OF THE CHARITY, ITS TRUSTEES AND|OF THE CHARITY, ITS TRUSTEES AND|OF THE CHARITY, ITS TRUSTEES AND|ADVISERS|
|---|---|---|---|---|---|---|---|---|
|FOR THE|YEAR ENDED||31 DECEMBER 2021||||||
|Trustees|||Mr R C Metcalfe, Chairmant||||||
||||Mr A R G James (resigned||5 November|2021)z|||
||||Vacancyt||||||
||||Mr J N Porterz||||||
||||Mr P EWoolfz||||||
||||Mrs M A Dymondz||||||
||||Mr J Durie (appointed|11 March 2021)z|||||
||||Nominated
Trustee|by PCC of Christ||Church|with St Ewen,|All Saints and St|
||||George||||||
||||z Co-opted Trustees||||||
|Charity registered|||||||||
|number|||214713||||||
|Principal|office||1 All Saints Court||||||
||||Bristol||||||
||||BS1 1JN||||||
|Clerk to the||Trustees|Mrs A S Maddox||||||
|Independent||Examiner|Jon Marchant,
Mazars|LLP|||||
||||Chartered
Accountants||||||
||||90Victoria Street||||||
||||Bristol||||||
||||BS16DP||||||
|Bankers|||Nat West Bank Pic||||||
||||Bristol||||||
||||BS997UG||||||
|Solicitors|||DAC Beachcroft LLP||||||
||||Portwall Place||||||
||||Portwall
Lane||||||
||||Bristol||||||
||||BS997UD||||||
|Investment||Managers|COLA (as managers|for CBFFunds)|||||
||||Senator House||||||
||||85 Queen Victoria Street||||||
||||London||||||
||||EC4V 4ET||||||
|Property|Adviser||W H R Durie||||||
||||Leigh Court Business|Park|||||
||||Abbots Leigh||||||
||||Bristol||||||
||||BSB3RA||||||
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||||Unrestricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
|||Note|2021f|2021f|2021
6|2020
6|
|Income from:|||||||
|Donations
and legacies|||2,507||2,507|2,056|
|Charitable
activities|||31,773||31,773|44,394|
|Investments|||91,178||91,178|105,722|
|Total income|||125,458||125,458|152,172|
|Expenditure
on:|||||||
|Raising funds|||16,839||16,839|32,576|
|Charitable
activities|||145,786|11,383|157,169|107,575|
|Total expenditure|||162,625|11,383|174,008|140,151|
|Net (expenditure)/income
gains on investments|before net||(37,167)|(11,383)|(48,550)|12,021|
|Net gains on investments|||19,195|87,860|107,055|32,132|
|Net movement
in funds|||(17,972)|76,477|58,505|44,153|
|Reconciliation
offunds:|||||||
|Total funds brought
forward|||590,610|2,140,343|2,730,953|2,686,800|
|Net movement
in funds|||(17,972)|76,477|58,505|44,153|
|Total funds carried forward|||572,638|2,216,820|2,789,458|2,730,953|
##
##
||||||2021||2020|
|---|---|---|---|---|---|---|---|
||||Note||6||6|
|Fixed assets||||||||
|Tangible assets|||13||453,116||464,123|
|Investments|||15||788,817||700,957|
|Investment
property|||14||980,000||980,000|
||||||2,221,933||2,145,080|
|Current assets||||||||
|Debtors|||16|31,963||28,948||
|Investments|||17|166,411||143,915||
|Cash at bank and|in hand|||443,772||497,381||
|||||642,146||670,244||
|Creditors: amounts|falling|due within one||||||
|year|||18|(74,621)||(84,371)||
|Net current assets|||||567,525||585,873|
|Total assets less|current|liabilities|||2,789,458||2,730,953|
|Total net assets|||||2,789,458||2,730,953|
|Charity funds||||||||
|Endowment
funds|||20||2,216,820||2,140,343|
|Unrestricted
funds|||20||572,638||590,610|
|Total funds|||||2,789,458||2,730,953|
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|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2020f|2020
F|
|Donations||500|500|
|Other incoming|resources|1,556|1,556|
|||2,056|2,056|
##
|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2021f|2021f|
|All Saints House Contributions||31,773|31,773|
|||Unrestricted|Total|
|||funds|funds|
|||2020|2020|
|||6||
|All Saints House Contributions||44,394|44,394|
|All Saints House Contributions||||
|||2021|2020|
|||6|F|
|Maintenance|contributions|29,466|43,868|
|Contributions|receivable for electricity and telephone|2,307|526|
|||31,773|44,394|
##
##
||||Unrestricted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2021f|2021
E|
|Rental property||income|69,332|69,332|
|Dividends|received||18,489|18,489|
|Deposit and other interest|||3,357|3,357|
||||91,178|91,178|
||||Unrestricted|Total|
||||funds|funds|
||||2020f|2020|
|Rental property||income|85,702|85,702|
|Dividends|received||17,862|17,862|
|Deposit and other interest|||2,158|2,158|
||||105,722|105,722|
##
||||2021
f|2020
6|
|---|---|---|---|---|
|46 High Street|||11,500|26,875|
|56 Corn|Street||13,020|12,500|
|58 Corn|Street - Lower Floor||13,000|13,000|
|58 Corn|Street - Upper Floor||23,430|22,363|
||||60,950|74,738|
|Insurance|premium|charge to tenants|8,382|10,964|
||||69,332|85,702|
##
##
||||Unrestricted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2021
' 6|2021f|
|Rent deposit interest|||12|12|
|Legal and professional|charges||5,745|5,745|
|Sundry rental property|expenses||2,700|2,700|
|Properly insurance
recharged||to tenants|8,382|8,382|
||||16,839|16,839|
||||Unrestricted|Total|
||||funds|funds|
||||2020f|2020
E|
|Rent deposit interest|||53|53|
|Legal and professional|charges||13,085|13,085|
|Sundry
rental property|expenses||8,474|8,474|
|Property insurance
recharged||to tenants|10,964|10,964|
||||32,576|32,576|
##
|||Grants to|Grants to|Total|
|---|---|---|---|---|
|||Institutions|Individuals|funds|
|||2021
F|2021|2021f|
|Diocese of Bristol||8,302||8,302|
|All Hallows,
Easton||6,000||6,000|
|All Saints & City Churches|Society of Bell Ringers|212||212|
|All Saints House Residents|||915|915|
|||14,514|915|15,429|
##
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|||||Grants to|Grants to|Total|
|---|---|---|---|---|---|---|
|||||Institutions|Individuals|funds|
|||||2020|2020|2020|
|||||6|6|F|
|All|Hallows,|Easton||6,000||6,000|
|All|Saints &|City Churches|Society of Bell Ringers|218||218|
|All|Saints House Residents||||317|317|
|||||6,218|317|6,535|
##
##
||||||2021f|2020f|
|---|---|---|---|---|---|---|
|Council tax|||||6,735|2,137|
|Water and sewerage|||rates||5,271|514|
|Repairs and maintenance|||||36,802|13,111|
|Cleaning
and caretaking|||||9,877|4,493|
|Insurance|||||2,871|1,502|
|Gardening|||||||
|Heating,
lighting,|telephone|||and television|5,701|8,069|
|Sundry expenses|||||2,102|852|
|National
Almshouse||Association|||107|105|
|Legal and Professional|||fees||8,957|15,789|
|Stationery/postage|||||(119)|518|
|Travel|||||113|536|
|Computer costs|||||||
|Ex-Gratia payment|||||||
|Subscriptions|||||147|197|
|Leases|||||6,096|4,098|
|Wages and salaries|||||10,925|8,719|
|Pension cost|||||1,093|872|
|Depreciation|||||12,667|13,787|
||||||109,345|75,299|
##
##
|||||||2021f|2020f|
|---|---|---|---|---|---|---|---|
|Independent||Examiner|and|Accountancy|Fees|4,560|4,422|
|Trustee|Indemnity
Insurance|||||1,192|1,100|
|Glebe|House|rent|||||40|
|Glebe|House|cleaning||||4,513|4,018|
|Glebe|House|repairs||||4,926|4,274|
|Glebe|House|utilities||||5,825|3,725|
|Bank charges||||||287|302|
|Glebe|House|professional||fees||2,280|713|
|Governance||PPS||||799|756|
|Clerk's|salary|costs||||7,284|5,813|
|Clerk's|pension costs|||||728|581|
|||||||32,394|25,744|
##
##
|Staff costs||||||
|---|---|---|---|---|---|
|||||2021f|2020
F|
|Wages and|salaries|||18,209|14,531|
|Contribution|to defined|contribution|pension schemes|1,821|1,453|
|||||20,030|15,984|
|2021|2020|
|---|---|
|No.|No.|
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||Freehold|Fixtures and||
|---|---|---|---|
||property|fittings|Total|
||6||F|
|Cost or valuation||||
|At 1 January 2021|569,135|48,576|617,711|
|Additions||1,660|1,660|
|Disposals||(3,843)|(3,843)|
|At 31 December 2021|569,135|46,393|615,528|
|Depreciation||||
|At1 January2021|109,749|43,839|153,588|
|Charge for the year|11,383|1,284|12,667|
|On disposals||(3,843)|(3,843)|
|At 31 December 2021|121,132|41,280|162,412|
|Net book value||||
|At 31 December 2021|448,003|5,113|453,116|
|At 31 December 2020|459,386|4,737|464,123|
##
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##
|||||2021|2020|
|---|---|---|---|---|---|
|56|Corn|Street,|Bristol|310,000|310,000|
|58|Corn|Street,|Bristol|410,000|410,000|
|46|High|Street,|Bristol|260,000|260,000|
|||||980,000|980,000|
##
##
|Investments|at market value|comprise:|comprise:|||
|---|---|---|---|---|---|
|||||2021|2020|
|||||E|E|
|Listed investments||||788,817|700,957|
|||||788,817|700,957|
|All the fixed|asset investments|are held|in the UK.|||
##
|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||||E|E|
|CBF Church of England||Fund 29,479.83 units||||690,362|603,962|
|CBFCapital Wider Deposit|||Account|||71,920|71,920|
|M & G Charifund|Units|||||15,655|13,808|
|M & G Charibond|Charities||Fixed Interest Common|investment|Fund|||
|Income Shares||||||10,880|11,267|
|||||||788,817|700,957|
##
##
##
|Debtors||||
|---|---|---|---|
|||2021f|2020|
|Due within one year||||
|Other debtors||12,421|13,923|
|Prepayments|and accrued income|19,542|15,025|
|||31,963|28,948|
##
|2021|2020|
|---|---|
|6||
|166,411|143,915|
##
|National|Assoc|iation
ofAl|ms|houses|Comm|on
Investme|nt
Fun|d Shares|||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||2021|2020f|
|684.612|(2020:|670.283) for|All|Saints|House|Extraordinary|Repair|Fund|71,681|62,012|
|904.741|(2020:|885.295)for|All|Saints|House|Cyclical Maintenance||Fund|94,730|81,903|
||||||||||166,411|143,915|
##
|Unrestricted
Funds|||
|---|---|---|
||2021f|2020f|
|Value at 1 January|143,915|144,574|
|Invested|3,300|3,300|
|Revaluation
gain/(loss)|19,196|(3,959)|
|Value at 31 December|166,411|143,915|
|Hitrilcost||60,895|
##
##
##
|||2021f|2020
E|
|---|---|---|---|
|Trade creditors||57,450|56,349|
|Other taxation and social security|||25|
|Other creditors||12,088|23,576|
|Accruals and deferred|income|5,083|4,421|
|||74,621|84,371|
|19.|Financial|instruments|||||
|---|---|---|---|---|---|---|
||||||2021f|2020f|
||Financial|assets|||||
||Financial|assets measured|at fair value through|income and expenditure|610,183|641,297|
##
##
|||||||Balance at|
|---|---|---|---|---|---|---|
||Balance at 1|||||31|
||January
2021f|Income|Expendituref|Transfers
in/outf|Gains/
(Losses)
f.|December
2021f|
|Unrestricted|||||||
|funds|||||||
|All Saints House|||||||
|Extraordinary
Repair Fund|62,013|||1,400|8,269|71,682|
|All Saints House|||||||
|Cyclical|||||||
|Maintenance|||||||
|Fund|81,904|||1,900|10,926|94,730|
|Glebe House|||||||
|and
All Saints|||||||
|Church
Repair
Reserve|135,813|48||||135,861|
|Property|||||||
|Expenses
Reserve|(1,833)|12|(18,623)|6,933||(13,511)|
|General
Fund|312,713|125,398|(144,002)|(10,233)||283,876|
||590,610|125,458|(162,625)||19,195|572,638|
|The Property Expenses Reserve
is in
year of legal and other fees in relation|The Property Expenses Reserve
is in
year of legal and other fees in relation|The Property Expenses Reserve
is in
year of legal and other fees in relation|deficit at the year end. This is due to significant
unusual
to the eviction of the tenant as discussed
in the Trustees'|deficit at the year end. This is due to significant
unusual
to the eviction of the tenant as discussed
in the Trustees'|deficit at the year end. This is due to significant
unusual
to the eviction of the tenant as discussed
in the Trustees'|costs in the
Report.|
|---|---|---|---|---|---|---|
|Endowment|||||||
|funds|||||||
|Charities
Capital
Fund|1,680,957||||87 860|1 768 817|
|Almshouse|||||||
|Capital Fund|459,386|||(11,383)||448,003|
||2,140,343|||(11,383)|87,860|2,216,820|
|Total offunds|2,730,953||125,458|(174,008)|107,055|2,789,458|
##
|20.|Statement
offunds|(continued)||||||
|---|---|---|---|---|---|---|---|
||Statement
offunds|-prior year||||||
||||||||Balance at|
|||Balance at|||||31|
|||1 January|||Transfers|Gains/|December|
|||2020
E|Income
f|Expenditure
6|in/outf|(Losses)
E|2020|
||Unrestricted|||||||
||funds|||||||
||All Saints House|||||||
||Extraordinary|||||||
||Repair Fund|62,324|||1,400|(1,711)|62,013|
||All Saints House|||||||
||Cyclical|||||||
||Maintenance|||||||
||Fund|82,251|||1,900|(2,247)|81,904|
||Glebe House|||||||
||and All Saints|||||||
||Church
Repair|||||||
||Reserve|135,047|766||||135,813|
||Property|||||||
||Expenses|||||||
||Reserve|11,110|53|(21,612)|8,616||(1,833)|
||General
Fund|280,432|151,353|(107,156)|(11,916)||312,713|
|||571,164|152,172|(128,768)||(3,958)|590,610|
||Endowment|||||||
||funds|||||||
||Charities
Capital|||||||
||Fund|1,644,867||||36,090|1,680,957|
||Almshouse|||||||
||Capital
Fund|470,769||(11,383)|||459,386|
|||2,115,636||(11,383)||36,090|2,140,343|
||Total offunds|2,686,800|152,172|(140,151)||32,132|2,730,953|
##
##
|Summary|of|funds - current year||||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
|||Balance at 1|||||31|
|||January
2021
F|Income
F|Expenditure
f|Transfers
In/out
F|Gains/
(Losses)
F|December
2021|
|General funds||590,610|125,458|(162,625)||19,195|572,638|
|Endowment||||||||
|funds||2,140,343||(11,383)||87,860|2,216,820|
|||2,730,953|125,458|(174,008)||107,055|2,789,458|
|Summary|of|funds - prior year||||||
||||||||Balance at|
|||Balance at|||||31|
|||1 January
2020|Income
F|Expenditure|Transfers
In/outf|Gains/
(Losses)f|December
2020
6|
|General funds||571,164|152,172|(128,768)||(3,958)|590,610|
|Endowment||||||||
|funds||2,115,636||(11,383)||36,090|2,140,343|
|||2,686,800|152,172|(140,151)||32,132|2,730,953|
##
|Analysis||ofnet assets between
funds - cur|rent year|||
|---|---|---|---|---|---|
||||Unrestricted|Endowment|Total|
||||funds|funds|funds|
||||2021
f|2021
6|2021
6|
|Tangible|fixed assets||5,113|448,003|453,116|
|Fixed asset investments||||788,817|788,817|
|Investment||property||980,000|980,000|
|Current|assets||642,146||642,146|
|Creditors||due within one year|(74,621)||(74,621)|
|Total|||572,638|2,216,820|2,789,458|
||Unrestricted|Endowment|Total|
|---|---|---|---|
||funds|funds|funds|
||2020|2020|2020|
||||E|
|Tangible fixed assets|4,737|459,386|464,123|
|Fixed asset investments||700,957|700,957|
|Investment
property||980,000|980,000|
|Current assets|670,245||670,245|
|Creditors due within one year|(84,371)||(84,371)|
|Total|590,611|2,140,343|2,730,954|
##
|cancellable|o|perating
leases as follows:|||
|---|---|---|---|---|
||||2021|2020f|
|Equipment|||||
|Not later than||1 year|6,048|6,048|
|Later than|1 year and not later than 5years||14,256|20,304|
||||20,304|26,352|
##
##