| PAGE | ||
|---|---|---|
| Annual Report |
1-3 | |
| Independent Examiners |
Report | |
| Statement of Financial |
Activities | |
| Balance Sheet | ||
| Notes to the Accounts | 7-8 |
| Trustees: | |||||
|---|---|---|---|---|---|
| The Charity | trustees | who served | during the year are |
||
| Revd M C Rutter |
Chairman | Ex officio | |||
| Mrs J Aubrook | Ex officio | ||||
| TW Horrell | Co-optative | ||||
| M SJ Howell | Co-optative | ||||
| D J Large | Co-optative | ||||
| D M Milne | Co-optative | ||||
| Dr J F Milne | Co-optative | ||||
| P Clark | Ex officio | ||||
| Principal Address: | Mr C J Spruce | ||||
| The Clerk to the | Trustees | ||||
| 12 Perry Avenue | |||||
| Streethay | |||||
| Lichfield | |||||
| Staffs | |||||
| WS138FW | |||||
| Registered | Charity | Number: | 220030 | ||
| Principal Bankers: | Lloyds Bank pic | ||||
| The Bridge | |||||
| Walsall | |||||
| Independent | Examiner: | A P Morris FCA | |||
| of Dains LLP | |||||
| Chartered Accountants |
|||||
| StJohns Court | |||||
| Wiltell Road | |||||
| Lichfield | |||||
| Staffs | |||||
| WS14 9DS | |||||
| Solicitors: | Ansons Solicitors Ltd |
||||
| St Marys Chambers | |||||
| Breadmarket | Street | ||||
| Lichfield | |||||
| Staffs | |||||
| WS136LQ |
| YEAR ENDED 31 DECE | MBER 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Income | Endowment | Total | Total | ||||
| Notes | F-und | Fund | 2020 | 20%9 | |||
| 8 | E | ||||||
| Income and Endowments | from: | ||||||
| Rental Income - Chapel | Works | 3,600 | 3,600 | 3,600 | |||
| Land | 8,152. | 8,1.62 | 8,162 | ||||
| Income from Listed investments | 11,789 | 11,789 | 14,240 | ||||
| Deposit- Interest | 6 | 6 | 361 | ||||
| Other | 20,000 | 20,000 | |||||
| Tota! Income | 23,447 | 20,000 | 43,447 | 26,253 | |||
| Expenditure on: |
|||||||
| St Margaret's Church for Clerk' s-Salary- |
specific items | 15,000 1;600 |
16,000 1;500 |
76,000 1;500 |
|||
| Independent Examiner's |
Fee | 704 | 704 | 666 | |||
| Investment-Management | Fees | 1-,141- | 1,141. | 474 | |||
| Legal Fees | 700 | 700 | 420 | ||||
| Bad Debt.Reserve | .(1,370) | (1,370) | 3,624 | ||||
| Sundry Expenses | 53 | 13 | 64 | ||||
| Total | 17,688 | 17,688 | 82,748 | ||||
| Net gains/(losses) on investments |
210644 | 210,644 | 93,514 | ||||
| Net Income/(expenditure) | 216,403 | 216,403 | 37,019 | ||||
| Net movement In funds |
216,403 | 20,000 | 236,403 | 37,019 | |||
| Transfer between funds |
6,460 | (6,460) | |||||
| Reconciliation of Funds: |
|||||||
| Total funds brought forward |
604,913 | 80,162 | 686,075 | 648,066 | |||
| Total funds carried forward | 827,776 | 93;702 | 921,478' | 685,076 |
| OREAT BARR CHURCH I ANDS TRUS BALANCE SHEET 31 DECEMBER 2020 |
T | ||||
|---|---|---|---|---|---|
| Income | Endowment | Total | Total | ||
| Fund | Fund | 2020 | 2019 | ||
| Notes | E | F | E | ||
| Fixed Assets | |||||
| Investment Assets |
|||||
| Investment Property |
3 | 77,000 | 77.,000 | 77,000 | |
| Listed Investments | 4 | 796,008 | 796,008 | 585,364 | |
| 796,008 | 77,000 | 873,008 | 662,364 | ||
| Current Assets | |||||
| Debtors | 3,500 | 3,500 | 3,500 | ||
| Balances at Bank: | |||||
| Deposit Current |
1,000 29,731 |
16,702. | 1,000 46,433 |
1,000 20,659 |
|
| Total Current Assets | 34,231 | 16,702 | 50,933 | 25,159 | |
| Liabilities: | |||||
| Creditors. falling due within one year | 2,463 | 2,463 | 2,448 | ||
| Net Current Assets | 31,768 | 16,702 | 48,470 | 22,711 | |
| Net Assets | 827,776 | 93,702 | 921,478 | 685,075 | |
| The. funds. of.the-charity. ' | |||||
| Permanent endowment |
93,702 | 93,702 | 80,162 | ||
| Unrestricted income funds |
827,776 | 827,776 | 604,913 | ||
| Total charity funds | 827,776 | 93,702 | 921,478 | 685,075 |
| 4 Listed I | nvestments | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Income | Total | Total | |||||||
| Fund | 2020 | 2019 | |||||||
| f | |||||||||
| Investments | held at 01.01.20 | 585,364 | 585,364 | 491,850 | |||||
| Add net gain/(loss) on revaluation |
210,644 | 210,644 | 93,514 | ||||||
| Investments | held at 31.12.20 | 796,008 | 796,008 | 585,364 | |||||
| Investments | comprise the following: | ||||||||
| Market Value | Market | Value | |||||||
| 31.12.20 | 31.12.19 | ||||||||
| F | |||||||||
| 2,196 | Charities Official Investment |
fund | income units | 40,087 | 37,755 | ||||
| 2,924 | M 8 G Charibond income shares |
3,669 | 3,626 | ||||||
| 2,500 | M 8 G Charifund income shares |
34,314 | 41,525 | ||||||
| 3,165 | Charinco Common investment |
fund income units | 6,235 | 6,033 | |||||
| 5,087 | Charishare Common investment |
fund | income | uni | 32,836 | 35,191 | |||
| 12,276 | Merian Corporate Bond Fund |
16,253 | 14,976 | ||||||
| 24,203 | HSBC UK Growth and Income |
units | 15,763 | 16,942 | |||||
| 6,500 | Law Debenture Corp investment |
trust | 45,305 | 42,250 | |||||
| 6,244 | CBF C of E Property fund |
8,038 | 8,616 | ||||||
| 10,600 | Alliance Trust ordinary shares |
97,838 | 89,040 | ||||||
| 33,000 | Scottish Mortgage Investment |
Trust 25p ords | 409,200 | 191,400 | |||||
| 10,000 | Merchants Trust 25p ords |
47,275 | 55,800 | ||||||
| 3,350 | Murray International Trust 25p |
ords | 39,195 | 42,210 | |||||
| 796,008 | 585,364 |
| Income | Endowment | Total | ||
|---|---|---|---|---|
| Fund | Fund | 2019 | ||
| E | E | |||
| Investment | Assets | 585,364 | 77,000 | 662,364 |
| Current Assets | 8,457 | 16,702 | 25,159 | |
| Creditors | (2,448 | 2,448 | ||
| 591,373 | 93,702 | 685,075 |