| Pacae | ||
|---|---|---|
| Charity Information |
||
| Trustees' Report |
||
| Independent Examiner's |
Report | |
| Statement ofFinancial Activities | ||
| Balance Sheet | ||
| Notes to the Financial Statements |
| CHARITY NUMBER: | CHARITY NUMBER: | 221440 | ||
|---|---|---|---|---|
| TRUSTEES: | Mrs. R. Bott (Chairman) | |||
| Mrs. H. Jones | ||||
| J.Barrett | ||||
| Mrs. J.Rawlings | ||||
| The Reverend | Canon Barbara Glutton | |||
| Mrs. P Smith | ||||
| The Reverend | Graham | Gales | ||
| CLERK TO THE | TRUSTEES: | Mrs. M. Allanson | ||
| PRINCIPAL OFFICE: | 8 &9The Quadrant | |||
| Coventry | ||||
| CV12EG | ||||
| INDEPENDENT | EXAMINER: | G.R. Cox BA FCA | ||
| Dafferns LLP | ||||
| Chartered Accountants |
||||
| One Eastwood | ||||
| Harry Weston Road | ||||
| Binley Business Park | ||||
| Coventry | ||||
| CV32UB | ||||
| BANKERS: | Barclays Bank | pic | ||
| 25 High Street | ||||
| Coventry | ||||
| CV1 5QZ | ||||
| INVESTMENT MANAGERS: | Quilter Cheviot | |||
| Provincial House |
||||
| 37 New Walk | ||||
| Leicester | ||||
| LE1 6TU |
| forthe | year ended | 31 MARCH 20 | 21 | ||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||||
| General | Endowment | Total | Total | ||||
| fund | fund | 2021 | 2020 | ||||
| Notes | E | E | F | ||||
| INCOME AND ENDOWMENTS | FROM: | ||||||
| Generated funds: |
|||||||
| Voluntary income |
|||||||
| Donations and gifts |
600 | 600 | 600 | ||||
| Investment income |
|||||||
| Dividend income and tax refund |
52,202 | 52,202 | 71,353 | ||||
| Grants Returned | 104 | 104 | 480 | ||||
| Rents receivable | 505 | 505 | 505 | ||||
| Other revenue | 849 | ||||||
| Total investment income |
52,811 | 52,811 | 73,187 | ||||
| Total income | 53,411 | 53,411 | 73,787 | ||||
| EXPENDITURE ON: | |||||||
| Charitable activities |
|||||||
| Grants payable | 46,411 | 46,411 | 53,550 | ||||
| Support costs | 21,532 | 21,532 | 21,951 | ||||
| 67,943 | 67,943 | 75,501 | |||||
| Raising funds | |||||||
| Stockbroker's fees | 8,418 | 8,418 | 2,390 | ||||
| Total expenditure | 76,361 | 76,361 | 77,891 | ||||
| Net income/(expenditure) other expenditure |
before | (22,950) | (22,950) | (4,104) | |||
| Gain/(loss) on freehold investment |
property | 15,000 | 15,000 | ||||
| Net gains/(losses) on investments |
107,373 | 177,112 | 284,485 | (211,165) | |||
| Net income/ (expenditure) |
84,423 | 192,112 | 276,535 | (215,269) | |||
| Transfers between funds |
|||||||
| Net movement in funds |
84,423 | 192,112 | 276,535 | (215,269) | |||
| Reconciliation offunds: |
|||||||
| Fund balances at 1 April 2020 | 585,279 | 904,938 | 1,490,217 | 1,705,486 | |||
| Fund balances at 31 March | 2021 | 8 | 669,702 | 1,097,050 | 1,766,752 | 1,490,217 |
| BALANCE SHEET | BALANCE SHEET | ||||
|---|---|---|---|---|---|
| 31 MARCH 2021 | |||||
| 2021 | 2020 | ||||
| Notes | E | E | F | E | |
| INVESTMENT' | |||||
| Freehold land |
40,000 | 25,000 | |||
| Quoted investments | 1,604,609 | 1,321,301 | |||
| 1,644,609 | 1,346,301 | ||||
| CURRENT ASSETS | |||||
| Accrued Income | 4,648 | ||||
| Barclays Bank pic | 52,942 | 47,361 | |||
| Quitter Cheviot bank accounts | 96,978 | 104,311 | |||
| 154,568 | 151,672 | ||||
| CURRENT LIABILITIES | |||||
| Accruals | 32,425 | 7,756 | |||
| NET CURRENT ASSETS | 122,143 | 143,916 | |||
| NET ASSETS | 1,766,752 | 1,490,217 | |||
| CHARITY FUNDS: | |||||
| CAPITAL FUND | |||||
| Endowment | 1,097,050 | 904,938 | |||
| INCOME FUNDS | |||||
| Unrestricted fund |
669,702 | 585,279 | |||
| TOTAL CHARITY FUNDS: | 1,766,752 | 1,490,217 |
| GRANTS | 2021 | 2020 | ||||
|---|---|---|---|---|---|---|
| No. | E | No. | E | |||
| To individuals | for the following | purposes: | ||||
| Educational | 2 | 6,453 | 6 | 2,803 | ||
| Clothing | 11 | 5,397 | 35 | 12,093 | ||
| General | 51 | 34,561 | 84 | 38,654 | ||
| 64 | 46,411 | 125 | 53,550 |
| FIXEDASSET INVESTMENTS | |||
|---|---|---|---|
| 2021 | 2020 | ||
| F | |||
| Market value at 1 April 2020 | 1,321,301 | 1,591,444 | |
| Less: sale proceeds | (239,091) | (273,728) | |
| Add: acquisitions at cost |
237,914 | 214,750 | |
| Net gains/(losses) on revaluation |
at 31 March 2021 | 284,485 | (211,165) |
| Market value at 31 March 2021 | 1,604,609 | 1,321,301 | |
| Historical cost as at 31 March 2021 | 1,351,910 | 1,335,207 |
| General | |||||
|---|---|---|---|---|---|
| Endowment | Designated | Unrestricted | |||
| Fund | Income Fund | Fund | Total | ||
| E | F | E | |||
| Freehold | land | 40,000 | 40,000 | ||
| Quoted | investments | 973,731 | 630,878 | 1,604,609 | |
| Balances with Quilter Cheviot | 55,405 | 41,573 | 96,978 | ||
| Other current assets/liabilities | 27,914 | 29,676 | 57,590 | ||
| Current | liabilities | (32,425) | (32,425) | ||
| Fund balance | 1,097,050 | 669,702 | 1,766,752 |