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2021-12-31-accounts

Councillors Councillors Thomas
Quin
Michael Tavinor
Philip Dulson
Sally Paley
Alison Fry
Charity number 221617
Company number 479317
Principal address Mucknell Abbey
Mucknell
Farm Lane
Soulton
Worcestershire
WR7 4RB
Registered office Beaver House
23-38 Hythe Bridge Street
Oxford
OX1 2EP
Auditor Critchleys Audit LLP
Beaver House
23-38 Hythe Bridge Street
Oxford
Oxfordshire
OX1 2EP
Principal Bankers Barclays Bank pic
30 Market Square
Witney
Oxon
OX28 6BJ
Investment advisors Charles Stanley Stockbrokers
Willow Court
West Way
Minns Business Park
Oxford
Oxon
OX2 OJB

Page
Councillors' report 1-5
Statement ofcouncillors'
responsibilities
Independent auditor's report
Statement offinancial activities
Balance sheet 12
Notes to the financial statements 13-24

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
Notes 2021
E		 2021 2020 2020 2020f
Income from:
Donations
and legacies		 3 174,374 1,015 175,389 195,952 3,913 199,865
Charitable
activities		 4 17,153 17,153 12,414 12,414
Investments 5 105,356 105,356 91,786 91,786
Other income 5,558 5,558 6,615 6,615
Total income 302,441 1,015 303,456 306,767 3,913 310,680
Ex enditure on:
Raising funds ' 21,419 21,419 17,785 17,785
Charitable
activities		 7 349,853 2,686 352,539 340,531 423 340,954
Total resources expended 371,272 2,686 373,958 358,316 423 358,739
Net gains/(losses)
on
investments 463,205 463,205 229,258 229,258
Net incoming/(outgoing)
resources before transfers 394,374 (1,671) 392,703 177,709 3,490 181,199
Gross transfers
between
funds		 (480) 480
Net movement in funds 393,894 (1,191) 392,703 177,709 3,490 181,199
Fund balances at 1 January
2021 10,051,171 5,372 10,056,543 9,873,462 1,882 9,875,344
Fund balances at 31
December 2021 10,445,065 4,181 10,449,246 10,051,171 5,372 10,056,543

2021 2020
Notes E F
Fixed assets
Intangible assets 12 1,026
Tangible assets 13 5,536,029 5,697,686
Investments 14 4,478,075 3,918,594
10,014,104 9,617,306
Current assets
Debtors 16 16,711 9,492
Cash at bank and in hand 522,517 533,054
539,228 542,546
Creditors: amounts falling due within
one year 17 (9,433) (8,656)
Net current assets 529,795 533,890
Total assets less current liabilities 10,543,899 10,151,196
Creditors: amounts falling due after
more than one year 18 (94,653) (94,653)
Net assets 10,449,246 10,056,543
Income funds
Restricted funds 19 4,181 5,372
Unrestricted
funds
Designated
funds		 20 7,643,303 7,734,098
General
unrestricted		 funds 2,801,762 2,317,073
10,445,065 10,051,171
10,449,246 10,056,543
The financial statements
~+gal		 were approved by the Councillors on ....ā€”...........-...j'....ā€”

Sale ofworkSale ofwork
2021 2020
f
17,153 12,414

Unrestricted Unrestricted
funds funds
2021 2020
F
Income from listed investments 104,939 88,556
Interest receivable 417 3,230
105,356 91,786

Unrestr&cted Unrestncted
funds funds
2021f 2020
Fundraisin and ublici
Costs of goods sold 6,024 4,998
Investment mana ement 15,395 12,787
21,419 17,785

Abbey Donations Total Abbey Donations Total
(religious 2021 (religious 2020
community) community)
2021 2020
F
Staff costs 790 790 1,861 1,861
Depreciation and
impairment 164,759 164,759 174,347 174,347
Abbey (religious
community) 174,399 3,903 178,302 152,605 4,045 156,650
339,948 3,903 343,851 328,813 4,045 332,858
Share ofgovernance costs
(see note 8) 8,688 8,688 8,096 8,096
348,636 3,903 352,539 336,909 4,045 340,954
Analysis by fund
Unrestricted funds 345,950 3,903 349,853 336,486 4,045 340,531
Restricted funds 2,686 2,686 423 423
348,636 3,903 352,539 336,909 4,045 340,954
8 Governance costs
Governance 2021 Governance 2020
costs costs
E
Audit fees 3,370 3,370 3,210 3,210
Accountancy 5,318 5,318 4,886 4,886
8,688 8,688 8,096 8,096
Analysed between
Charitable activities 8,688 8,688 8,096 8,096

2021 2020
Number Number
Housekeeping
Employment costs 2021 2020
E
Wages and salaries 790 1,861

Unrestricted Unrestncted
funds funds
2021 2020
F
Revaluation ofinvestments 463,205 229,258

Intangible
fixed assets
Website
Cost
At 1 January 2021 and 31 December 2021 4,104
Amortisation
and impairment
At 1 January 2021 3,078
Amortisation
charged for the year		 1,026
At 31 December 2021 4,104
Carrying
amount
At 31 December 2021
At 31 December 2020 1,026

Tangible fix ed assets
Freehold land Furniture
and		 Fixtures and Motor vehicles Total
and buildings equipment fittings
E F F
Cost
At 1 January 2021 7,169,316 75,777 183,000 20,068 7,448,161
Additions 2,823 2,823
Disposals (3,142) (3,142)
At 31 December 2021 7,169,316 75,458 183,000 20,068 7,447,842
Depreciation and impairment
At 1 January 2021 1,517,942 56,331 171,800 4,402 1,750,475
Depreciation charged in the year 139,386 8,720 11,200 5,017 164,323
Eliminated
in		 respect of disposals (2,985) (2,985)
At 31 December 2021 1,657,328 62,066 183,000 9,419 1,911,813
Carrying
amount
At 31 December 2021 5,511,988 13,392 10,649 5,536,029
At 31 December 2020 5,651,374 19,446 11,200 15,666 5,697,686

Listed Unlisted Total
investments investments
Cost or valuation
At 1 January 2021 3,915,694 2,900 3,918,594
Additions 251,147 251,147
Valuation
changes		 463,205 463,205
Disposals (154,871) (154,871)
At 31 December 2021 4,475,175 2,900 4,478,075
Carrying
amount
At 31 December 2021 4,475,175 2,900 4,478,075
At 31 December 2020 3,915,694 2,900 3,918,594

At 31 Dec ember 2021 no single investment ember 2021 no single investment comprised
more than 5%		 ofthe portfolio value.
15 Financial instruments 2021 2020
E
Carrying
amount of		 financial assets
Instruments measured at fair value through profit or loss 4,662,218 3,915,694
16 Debtors
2021 2020
Amounts falling due within one year: E
Trade debtors 300 450
Other debtors 6,650 3,257
Prepayments
and accrued income		 9,761 5,785
16,711 9,492
17 Creditors: amounts falling due within one year
2021 2020
Accruals and deferred income 9,433 8,656

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21 Analysis ofnet assets between funds
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2021 2021 2021 2020 2020 2020
F F
Fund balances at 31
December 2021 are
represented
by:
Intangible
fixed assets		 1,026 1,026
Tangible assets 5,536,029 5,536,029 5,697,686 5,697,686
Investments 4,478,075 4,478,075 3,918,594 3,918,594
Current assets/
(liabilities) 525,614 4,181 529,795 528,518 5372 533890
Long term liabilities (94,653) (94,653) (94,653) (94,653)
10,445,065 4,181 10,449,246 10,051,171 5,372 10,056,543