Charlty numbor. 215834 MENEVIA AND WREXHAM INFIRM SECULAR CLERGY FUND UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 6 APRIL 2021 WR Partners Protecting your future.
MENEVIA AND WREXW INFIRM SECULAR CLERGY FUND CONTENTS R•l•r•n¢• •nd •dmlnl•lratl¥• d•talts ofth• Charfty. It• Tntyt¢M •nd •d¥lw• T*tl. r•port Inde1¥1t •xJmlnee• r•port St•tsm?nt ol financl•l activth• B•lance sh•o1 Nots• to th• Ilnancknl •t•t•m•nts 8-14
IAENEVIA AND WREXHAM INFIRM SECULAR CLERGY FUND REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENOED S APRIL 2021 Trust••B car Terènce Antkny C, Chgiman The RvJhl Reverend Monsuncrf Ctyde Hughes Johnwn Charlty r•gknt•r•d numb•r 215834 Prlnclpal offic• The presbery Maude Street Connths Quay Fh"ntshife CH5 4EQ S•¢r•l•ry Accountant• VIR Pwtnor4 Chartered Accountanl• 1 Ediwn Court EIIKe Way LL13 7Yr 8•nk•r4 HSBC Trèlawnry Squ Flini$hir• CH6 SAH Sollcltorn Allington Hug 10 Gn)svenor Rovj Wf•>tsrn LL11 1SD Fln•ncl•l Advl#or¥ Quitter 12 Pnne•# P*rnd• Prin¢¢$ Dctk L3 18G Page I
MENEVIA AND blllEXW INFIFIM SECULAR CLERGY FUND TRUSTEES. REPORT FOR THE YEAR ENDED S APRIL 2021 The Tru$to8s prwent ththr ftUal r•wX with th• linarKial Gtst•wts cl th• a)anty for th6 y•ar 6 April 2020 to 5 April 2021. ObJ•¢tlv•s and actlvltl•s Pollclm •nd obJ•th•• The Fund ddiv?r3 ben8fft through th• rolgf of povety oflPw r•c•Mrq grnnl$. In setting objectives and pnn1ra for cImt, the TrusteeB have given due o)nBiderat lo g8ner81 gUlInCe published by th? Charty Comwr4Bs•?n rvlBtirwJ to Publ bvnèfft, IndlIa the guKIance.Pj1 benBfit.' running a charty IP821'. b. Qrantvm•klng polkl•• B8nfit gronts may made to crf lor the b•n•fft of Y Mmr who on ¢nI ol •30 or infimty is unabl& to 8tt•nd the duli•s of h1$ offi. Th• knvel of grnnts is dwded by th• Annu¥l G•ner¥l M••tlNd bul Ih•lr applution to onginal cases ra at tha discr8tKJn of COUMI. Ap110n for $k grants ¢an b• mad& aft•f on• month ol 8kn and wthin thr•e months ol in¢Aixty cMen¢1n0. SKkMs$ grants are Inl•nd•d lo help 8pplicants wrth •p•n Incurr•d as 8 of I1r sKkn•$8 or to mgk• up as of slckn•$•. so that oppliGan¢s ¢an maintain o rea8fyi•t4& standard INing. Achl•v•rnents and porfonn . R•vl•w of •ctl¥ltl•• Dumg Ih• y•arth• mad• 16 grnnt8 t19 e17.C#)012020'. 16 grants Id¥llng £16,000). b. Inv••tm•nt pollcy and w10mnc• The vauo cl tho Fund's investm¢nt$ in¢reod ov¥ thtr ye¥r Irom £729.373 to £851,3r2. Investment income mounted to £23.941. Th• Fund's inv•8lm•nt 8trata9y Wrth its ffinancial xdvisors Quilter & Co Ltd is 10 adopt a w risk apprcech and invest 70% in •quities And 30% in gilts. A poly whKh is k•)t undw annual rlw. Thè Trustees are of the cpinion that the pdKy have been nw dUria the year in ragard lo t)oth inccm and capital grh. Fln•n¢l•l r•vl•w . Golng ¢onurn After ming wpropriate enqlIeS. th• Tnjsttts h8v• a r•a5cMab that the Chanty ha8 8deou81e resources to continue in Operalal existence for the lor8s8b luturg. For thi$ roa¥on. they wnlinue to 8dq)t the going cCern baw in Fffeparing the financHI st*eMts. Paye 2
PAENEVIA AND WREXHAM INFIRM SECULAR CLERGY FUND TRUSTEES. REPORT ICONTINUEOI FOR THE YEAR ENDED S APRIL 2021 FIDancl•l r•vl•w Icontlnu•d} b. RMerv•g policy The Trustee6 try to maintsin heahhy fe8eTh88 in tyder lo preteNo thèir investm8nt ptrol. As above, 9rants varde4J distribute the investrnent ir£ome vthiL8t maintainiw the investnwnt p)rtfc4p). Net incoming restyr for the year before investment gaingllossesl amount lo £1.262. Of the closing lunds totalling £940.8W. £111,363 re¥1 unrealised gains on tho market vu& of inve¥lments cawied foThvard. Fw at Iht year ond •nountr4J to £940.880 (2020 £811.WI. c. Prfncll rl•k• ind unc•rt•lntl•• Tru61••8 try to minimi8e risk by o)n8iderin9 t annual of granl making to b• rv•r disproportion•tg to Irtomè of the Fund, Ihw•for• guarant1r4 thal the of the investm1 i maintained. 8trucluf•p gw•manc• and mang•mt . Con•tltutlon man19 and Wrexhm Infirm Suler Ckngy Fund is a regisiered charity, wistw•d in England and Wale8, numb&r 215834, and Is &)n8trtUt undèr a RU adcsjted 17th June 1947 88 amended by th8 8¢h•mg of 301h November 1988 and emo of 9th Augusl 1W. The principal ctyts of th¢ ¢horty are fir8tty tr financ1 $UPF4Yt of those of the clergy of the Dhx•5es of Menevia and Wrexham lIj 8uWs cl thoge Dioceses and rnernberB of the Fund shall b8 inPable through inffirniity in okl ay or $i¢kneu of ptrrforming duts oftheir Off8. and secondly the spiritual aK1 of th• mernbern and b8n•f8ctors INing arKI d•l. Tho b•n•ftlal •roo covered by tho TruBt IB th8 Roman C8thol Dioce888 of Menevia and Wfexham. b. M•thod• ol appolTrtm•nl or •l•ctknn olTru•t• The m•nagewrErf of the Chanty 18 the re8ponsiblty of th• Trustws arè d•ct•d 8nd ewtwj undor tho lems of the Rules adopted 17th JU 1947 As aMd8 by the sch•n• of 30th November 1986 and the 8cheme of 9th Aug1 1WJ. c. Organl••tlonal •tructsr• and doeknlonrympklng p(1 The business of the Fund Is tws&led by a t$t8 of the PT8SKlenL the Treasurer, th• Se¢rfory aTrJ tsvo nonthcer Councibrs elected at the Annu General Meetmg. cncIl m••t $uffi¢t•ntty Ofton lo have pfaciKal CctrOl over the affai of the Fund. d. Prlnclp•l a¢t4vlll•• The Fund receNes investment income from ts and dislributas gr8nls lo qualffiad applKants as the TN$tees detemiine in theff meetiry. Pag• 3
MEMEVIA AND WREXW INFIRM SECULAR CLERGY FUND TRUSTEES, REPORT {CONTINUED) FOR ThE YEAR ENOED 6 APRIL 2021 Plans for futyJr• p•rlod• The Trust expeL# ts Funds aCtNit to ojntinue line with it8 obj11¥. The Charity like the country, has been impxted by the Co¥KI.19 p•Thaèm. The Tfustè•s hav8 assesseJ the potential inw)t on the future operat$ of the charty. taking irtto aeewnt its undèdying financial sOurce8 And strength. The Trustees consKler thè Tity to be posrtol lo manage tho rrOnt situgtion and ure operations into the luture. Th& Trusle¢s 8re r•$pon$iW for pr•paring the Trusta88' rnport and the financsal slatemenl$ In ac¢ordanco with ApplicabL• lth¥ and United Kingdun AYJn¢ry SlaTrJards Iunited Kirydcrfn Generally Attepled Accounting Pwtkel. Thè Lqw appkobl• to chth8 in Engkwj & Wo108 th• Trust•88 to prnpw8 financial 8tatoments for each financlal give 8 tw¢ faw ol th• 8tat• of affairn of th• Chanty and of its IrnIng reBourc and application of rvdources. IndutJin9 its incorn and expendrture. for Ihol period. In preparing IheBe financial laternents, the Tru8t•e8 are requi1 lo.. select 8uable accounlmg p)kies and Ih•n them con8isl•nlty' obsery• the rTthod$ and pnncipbs ofth• Chwitw SORP IFRS 1021., make judgThnl$ and accntl9 eslimgtes th9t we reasonab and prudent.. 8t41e whèther wk•b UK Ac¢wnbTrJ SId9rd$ IFRS 1021 have bwn loloWl. 8ubl8ct lo •rry m8teri81 dOrtU di8¢b80d WKI •xpiwJ m t financial •1gtgmgnts', pr•pw• the fin•191 $18terrnnts on tho gclng b$¥ unleBS it Li inproPrIate lo preiumtr that the Ch•rty will conts'nue n bu8ineM. The Trustees we re5pM80 for keewng 8d•quate xc¢unling records Ihot •ufficient to expkaln the Charty's tran8Xtions and disck>5e wrth reagonable 0JraCY at any lim financial position of the Chanty and enable them to ensure th the financkgl statem8nl8 ccryty with the Charrts Act 2011, the Charty IA¢¢ounl$ and Rgportsl R8gulations 28 and the provis8 of the Ru9 &thted 17th June 1947 as amended by the xheme of 30th Noverthr 1988 and the scheme of 91h August 11. They are alBO reBponsibb lor 8gleguarding Ihe 9$ts d th• Ch•ty and honc• for I•n9 r•a%xth Sty for th• pr•v•ntion and dBteclb)n of frau¢J 4nd olher Wulwiues. Approved by order oftho Mom1 of the bo8rf of Tru8t••8 on 22Thr2021 ¥nd •yn•d on th•ir tr•haLf by". Canon T•r•nc• AThthMy Carr ITrusteel P484
MENEVIA AND I%TrEXHAM INFIRM SECULAR CLERGY FUND INDEPENDENT &UMINER'S REPORT FOR THE YEAR EMDED 5 APRIL 2021 Independ•nt Examln•rf• R•port to th• Tru•t••• of Monovl• •nd Wr•xhn Infirni S•cular Cb•rgy Fund Ilh Ch•rlty') I rwrl lo the charity Trt w my examina11 d th• accounts d th• Chaity for th8 year ènd&J 5 April 2021. RMpon•lbSlltl•¥ and Bash ol R•port A• the Tru8l•e8 01 lh• Chanty y¢)u ar• r•spoisibl• for the pryr•lk of the acnI4 in •C¢oanCe wrth the r•quirement8 of th• ChIr A¢t 2011 Cth• 2011 A¢r). I report in re8pttI of my eXaminatic ol the Charity's accourrts carr1 ¢)ui un¢Jer sKtion 145 of tho 2011 Act and in carrying out my examinatson I have follcwed the appluble Directions gNen by the Charity Commission und•r 145(5llbl of 2011 A¢1. Ind•p•nd•nt EumSn•¢• Your #ttenlp)n is drv•vn to the fact that Ihe Charity has prepwed th8 pLcounts in accordan with Accountlng 8nd RekKsrting by Charrties.. Ststefflent ol ROrnnded Practice applicable to chanti88 prepariThJ thgir accounts in ¢(dance with the Finar181 Rwrting st?ard appkC8b in th• UK and Republic ol Ir•land IFRS 1021 in prelerence to ihe Accountirs and ReportirrfJ by Charits.' Ststement of Ro¢ommended Pra¢ti¢e i8$u•d on 1 April 2rx)5 which IB rtsferr Its in the exlant ha8 been vnthdrwn. l undw8tand that this ha8 been donè in ordef for the COunt8 to pTh#l8 a truo and fair yk In 1ColdnC• wilh the Generalty Atteptad A¢country PrKIKe •ff•cti¥e for r•wtiThJ p8ri¢xls b8ginnlng on ¢y aft•r 1 Janu•ry 2015. I have compl•t8d my •xamknation. I ltr•t no m&tt•r8 h•¥• com• to my attentft In conn•ctw with th• gxaminatK)n giving rm ¢o(Me to bdiwe that in any matenal mp•¢¢'. •¢counling re¢tyd8 re not kept in resp¢cl of Chaiiy ats rffjuirnd by ••¢tion 130 olth• 2011 Ad.. or the accounts do nol COrd vth those Tord9.. or the x¢ounts do ncé ¢ompty wrth th• ¥)pItab r•quiwrthi ¢oncemirYJ thè fom contsnt of Accounts set out in the Charities (Accounts and Reports) RryulatJn8 2008 oth•r than any requiram&nl that th8 give a 'lwe and lair viow r* not a nwtter n5th1Od 86 part ol 8n independent •xamination. I hav• no con¢•m$ and h8v• ¢om• ¥cw céh•r matt•rs in CnI¢ln witti ihe eX•in•t10n to which attentKJn shoukl thK4 order to enobb9 a propgr und8rst8nilin9 of t account8 to Teached. Thi$ report 1$ m•J• solely to the ChonV$ Trustees, 8$ o bth, in 0¢¢or0•n wrth Part 4 of th& Ch¥iil {Accounts and Reports) Regu$ 2L. My ¥uk has been undèrtak6n so that I might stato to th¥ Chatity'$ Truslees those mattors l am roquired to state to them in Independent examinerfs feport and for no other puwe. To the fullest extent permitted by I, I do not W or assum r85ponsibilty to anyone other than Charty and tts Chanty'$ Tru8tees as o b(¥Jy. tr my or for thi$ report. Sned.. S J Twe8di 7 July 2021 BS¢ FCA DChA WR Partrwr¥ Chartered A¢¢wnlants 1 Edison Court Ellice Way Wr8xham LL13 7 Poge 5
MENEVIA AND WREXHAM INFIRM SECULAR CLERGY FUND STATEMENT OF FINANCIAL ACTMnES FOR THE YEAR ENDED S APRIL 2021 Unw•strkted nds 2021 Total funds 2021 Tdal funds 2W20 Incom• from: Don¥liort$ l¢gade8 Inv•slrntnts 1,880 23.941 1,8 26,811 23,941 Total Incoffi• Exp•ndliur• on: Charitable a¢twrti 25121 25,821 28,661 24,559 24,946 Total •xp•ndltur• 24,659 24,946 N•t oain8llk)MeB) on 127.754 127,754 (86,992) N•t mov•m•nt In lund• R•conclllatlon of fund8: Trtal lunds brght I08rd Not ffov•m•nl in fuThJs 129,016 129,018 (83,277) 811,864 129,016 811,864 129,016 894 141 (83,277) Tot•1 lund• ¢•rrl•d forward 940,880 811,864 Slat•m•nt of Fina101 Atht*8 K1je8 al gal and re0)gnI in the year. ncts• on pag88 8 trj 14 fofft part ofthw fln8101 •tatwrthts. Paje 6
MENEVIA AND WREXHAM INFIRM SECULAR CLERGY F1Th4D &4LANCE SHEET AS AT 5 APRIL 2021 2Q21 2020 FSx•d •¥%ots Invesiments 851Jn 729.373 851 729,373 Curr•nt a•••ts Dfjbtors Cash at tnk hKI 10 1,961 90,836 1.430 84. 139 92,787 85.569 Cr•dlorn.' nrrtS tslling Vlithin on year 11 13.2791 (3,078) N•¢ curv•nt 4•••t• 82.491 Totsl n•t aM•t• 811,864 Ch•rbty fund• Re8trKt•d fuThJ$ UnmlrldeAI fvnd• 12 12 811,864 Total fund• 811,864 Th& financial staterrth w•re appffj4d and authoro•d fry I•$ by thè TN8188s on 22106r2021 arKI on Ihelr behaw by.. Canon T•r•wA Anthony C ITrust•e} Th• ncles pw 8 * 14 lomi F*rt of Ihe8e ffinarKid stanIs. Pagg 7
MÉNEVIA AND WREXW INFIRM SECULAR CLERGY FUND NOTES TO THE FIKANCIAL STATEMEKrs FOR THE YEAR ENDED S APRIL 2021 Gen•rnl InfNm•tlon The prinap•l oty¢ds of thè charity arè firstty the financial support of thos• of d8rgy ofthe Di0¢8$09 of Menevi¥ ¥nd Wrexham VfvJ being Sut¥15 of those De$ and members of the Furwj Shall be incapabl¢ through I1rmY Ai okl 4e or sthes8 of perfom.ng duti&s of their offiGg, and $8cnndty the 8wrrtual aid of the fflèmbtrs b•nolOr8 hving and d8•J. Tho btfieL41 arna coverod by the Tru8t is the Romen C•thc4¢ Dx¢w ofM8nevia WreXtl. AOunt1ng pollcl 2.1 8••l• of prnp•ratlon 0fffin•nd •t•t•ffl The fin8n¢wl $tatom•nts have b8en in COrd•t• wth th& charrt SORP IFRS 102> - Attounling and R•porting by Chanties.. Siatement ol R¢c¢mmnded PltiCe applicable to charrti preparir¥J Ih•w X¢OLxts In o¢Cce wrth Ihe Financial RewrtiNJ StAThda app&'cab in the UK and Republic of IreLqnd IFRS 1021 (update effecti 1 Janugry 20191, tha Financial R•portiny Standard aFplublg in thè UK and RepublK c4 IrekgfKI IFRS 1021 and thè Charit8 Act 2011. The financi•l stat•rn•nts have ba•n prnpw•d lo gN• •'trufj fairf vlew and hav• dwrl•a from th Chfjrili08 {AcrLJunts and Repts) RegulalKn$ 28 onty to the •xt•nt required to providè a tru• And f8irf wow. This d•partuffj h98 invow fdkmng the Chantios SORP IFRS 1021 publi6h8d on 18 Juty 2014 rather than thè Atcwntl And Reporting by Ch8ri1s'. St8t•Thnt ol RKomm•nd•d Practice effectNe from 1 Aprl 2005 whth h48 rKe bogn wtfvjrnwn. Menevia and Wrexh¥m Inlim Se¢ukgr Clgrgy FuThJ meets the definition of a pubhc benefrt •nlty under FRS 102. A58ets and lthlrtie8 a initkglly rgwised at h101 cost or Iran8aclion value unlws crfherwi8è in Ihfr rdovert 2.2 Inm• All In¢om• 18 r•¢wi8gd once the Charity has entitknntrnt lo th• itKw•, rt is probab thal th• comè will be r•c•N•d and th• 0nI of income receivabbe can msured reliably. Income lox wover>le in fel#tth trj nM8tmenl irKAyn• li recogni80d gt Ihe twne the inv8stThnl kn[TrY i¥ reG¢iY•ble. 13 Exp•ndllur• Eynditure 1$ I•¥Mged Ihwe is • Iwjol or constructNe Oblatn lo transfer econom benefil lo a third party. rt Ihat a Iransfer of econGYnic beneftB wll be required In $ettknrt ¥nd thg amtyjni ol th• obliggtKJn can be m8asured relkqbty. Expendluro 1$ ¢la$Srfd by activity. The costs of eh aclivty are rn8de up of total of dirgct costs and shared CO8, Includir4J 8UPFNt costs involved undertakiThJ e8ch actty. Dir8Ct costs altributabla to a single octmty are albcated directy to that xtNty. Shared eosls whth contribule to more than on8 activty and s(ywt cos whth are not albul#bIe to a 8irYJle actNty arn apwtwd btheen th activitw on a baS conssstent with the use ol resour. Expenditure on charitable acfvthes ffj tncuffed on undortakrvJ tha activities Vthh fvrther the Charity's (JjoctNes, as wdl as arty asscctal $w>)rt ¢fAts. Al expenditu 18 i811*e cl ITh)¥¢r VAT. Page 8
MEIIEVIA AND WREXW INFIRM SECULAR CLERGY FUND P40TES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021 Accountlng pollcl•8 Iconllnu•dl 2.4 InThlm•nt8 Fixed 888et investw are a xm crf financi tInt ar• Initi•ly rnctsanistra •t thèir tr8nthaion cost and subwuentty measured at faif Val 01 the BaL4nce shgpt dal?. unbss th• Value c8nrtr)t measured rdiably in vthich caBe it is rw$urod al cost less impaimenl. Investment 98in5 and k)sses, whether reale or unrgisod, are ¢ivnlyr•d and prntl as'GainsllLossesl on investments, in the Statement of fuwncwl aclivth'es. Inve8tmen18 hth148 fixed w• shwi atir4t1ts8 provis)n for impoirffonl. 2.$ D•btor• Trade and other debtors are at the settknwnt onwunl oft&r any Ir•J• discounl off•r•d. PrèpayThnt8 are valued at the prepa ngt of ony tr•Je liKnts tJu•. 2.8 Ca•h •t b•n nd In hnd Cash at bank in includes ¢ash and $hort-temi hwJhty IK4uid I$1meThts with 8 8hc maturity d thr99 nKJnth$ or from th8 d918 of xoui8ilw or oponirKJ ol the depo811 or similar 17 U•blllllM and provknlon• Li8.1rtIe1 ¥• re¢cgn•d tlf 1$ an obl41 at the Balanc• sheet date 88 8 reButt of a past ev•nl. it is prrtjablè that 8 tran8feT ol e¢orniC t•n6fft wll be required in seiU•ment, and Ihe ¥mount ol the 8ettknwi Can eslmthj relkty. Liabilitim •r• r•ccqLi8•d a¢ th• alrt that tM Chwlty •nts¢ips rt will pay to the debt or the nnt it h88 rtteNed 88 8dvarKed pAYmts for the gcods or services it must prowdo. ProvisKn8 ar• m8asuT•d at th8 bost •slimato ol th• Thunts r•quired to ttle the obhg8lion. Where the effect ofthe tin val¢Je ol mw is material, th• pro810n is ba$ on th¥ pre¥ent valuo of those amoun1¢, •t the p.tsx di8Munt rate that refie¢ts the ri$kg 6peeffic to the lthilrty. Th unwindmg ot th• dmcourt ty r•c•)gno•d in tr• steml of fine¢1 activitie8 as a ancé cost. 2.8 FIn•Ill In•tyum•nts The Chaiity onty has finar and financkql IHbiliti88 of 8 kind that qvgltfy 88 basie flnancl81 strum&nts. Bas financial instrumnts arg rtllY feCC#Jnised 8t transact1 Val 8nd $ub$U¢nIty nwurod * ththr s¢luwnI v8lue wth th• txcptKffi of bank bans which are subsequenfy measurnd at anKJrtts•d cost usiNJ thè Qtt inttr¥st motw. 19 Fund accountlftg General funds are Unrestlict fund5 whh are avalb for usa at th& di8cr•tiDn of Ihe Trust88s in lurtherance of the general objectNeg of the ChaThty wthich have not b8en designatad for other purposes. Investment Iorne, gall aThJ losses *e all¢)eated to the aPFTh>ri•tg fvnd. P•9¢ 9
MÉNEVIA AMD WREXHAII IMFIRM SECULAR CLERGY FUND IIOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021 Incom• don•lOon¥ and l•qacl•8 Total lundB 2021 Tot81 lund$ 2020 fundB 2021 Sthrwon 1th8 & 1.880 Tolal 2020 InvMtm•rf In¢om• Tolal Tol81 funds 2020 fuTrd• 2021 2021 Inc£¥N from local li8ted inNthts Inthent Iome. lorevJn listed inNwtsnonts Inv•8tm•nt income- Iwsury 8lc¢k 21.471 2,434 21A71 2,434 38 22,055 3,478 1,278 23,941 23.941 26,811 T(è12tr20 26.811 26.811 Anaty•l• of grnnts Gr•nt• to Indlvlduals 20 Total funds 2021 rot81 fvnds 2020 Grant$ 17,C 17.0110 16,LXXI Tot812020 16,LXXI P0 10
MENEVIA AND WIIEXHAM INFIRM SECULAR CLERGY FUMD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021 Analy•l• of exwditur• by actlvStl•• Grant p•ym•nts 2021 Support Cts 2021 Totsl fund• 2021 Tolal funds 2020 Grant making 17.IM)O 7,559 24,569 24,946 TO1 2020 8,946 24,946 Anity•l• ol•upport ¢o•ts Charltabl• •¢tl¥ltl•• 2021 Tot•1 lund• 2021 Total 2020 Administratw ¢osl• Me•tin98 Travel 8xpense$ Invoslmenl rnanag•rn•nt f• 827 450 5,984 1,650 5,789 1,7TO 5,7 1.770 7,559 7,669 8.946 Tolal 2020 8.94e 8.946 Ind•p•nd•nt examlTrfrf• r•mun•rnllon 2021 2020 Fees payable lo th• Chaitys independt exwniner t the independenl minalion ofth• Ch8rWs wnu¥l ¢unts 1,770 1,6 Oun9 the year. no TNsteeg any [emune"0n or ¢)Itw (2020. £NILJ. Page11
MENEVIA AMD TPIREXHAM INFIRM SECULAR CLERGY FiAID NOTES TO THE FINAMCIAL STATEMEMTS FOR THE YEAR ENDED 5 APRIL 2021 Trust••¥' r•mun•r•tlon •nd •xp•nwi l¢ontlnu•d DurirwJ the yew endod S Apn"12021. Tr) eywms vth• rninknurntyj or pa1 to tho Tu¥t8e$12020.. £4501. Flx•d a•••t Inv••trn•nl• Totsl Co•t or v•luatlon At 6 April 2020 Addition8 675.607 123.541 {gS.784) 53.706 136.674 1152.7951 729.373 259.216 1248,6791 Rovalujtkffis At 6 Awll 2021 814.787 36,686 851,372 N•t book v•lu• At S Awll 2021 814,787 36,686 861,372 At 5Aprf 2020 675,667 53, 706 729,373 10. D•btor• 2021 2020 Du• w5thln on• y•ar Prepayments and accnnd incom 1.951 1,430 1.951 1,430 11. Credltorn: Amounts f*lllng du• Tmlthln on• y•ar 2021 Accruals and d8f•rW 3,279 3,078 Page 12
PAEMEVIA AND WREXHAM INFIRM SECULARCLERGY FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED S APRIL 2021 12. Stat•mont ollund• 3tat•mont ol fund•. curv•nt ymr Balance al 6 Aprfl 2020 Galnsl Balance al S ILos8•s1 Aprll 2021 Inc4xn• ExndItur• Gonor•l Fur¥ 811064 25.1 127,754 940,880 8tat•m•nt of fund•- prfor ymr &9818nce al IW2019 Balance 81 Iorn8 Expondrture (Losses) 5 Apn7 2020 Unr••trlct•d fund• G•n•rnl Funds 895. 141 28,661 (24,946) f86.992) 811,864 13. Anaty•l• n•t MMt• b•lw••n fuftd• Anaty•lB of n•t a•s•ts lund¥- currnnt ymr UnMtrkt•d ltsnd$ 2021 Totsl ftsnd• 2021 Fixed a8801 inv•8lm•nts Current asseis Creditor8 due within om y• 851.372 92.787 {3,2791 851.372 92.787 {3.2791 Totsl 940.880 940.880 P•go 13
NEVIA AND WREXHAM INFIRIA SECULAR CLERGY FUND NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 6 APRIL 2021 13. An•ty•l# of n¢1 b•¢wwn fund8 Icondnu•dl An•ly•lB of nol a•••t• botvM•n lund•. prlor ymr Unrnsliicted funds 2020 To181 funds Fixed a58et inve8lmth Current assds Creditor8 due within rrn ye• 729.373 85,569 (3,0781 729.373 85,569 (3,078) To¢•1 811.864 811,864 1& R•i•d p•rty tr•n••cU Th•r• ww• no rtl plty trnndM• dudng y*•r12020'. fnll}. Page 14