## ## ## ## GEORGE FEARN TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2022 Registered Charity No: 223212 GEORGE FEARN TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2022 CONTENTS Pago Synopsls Independent Examlnerfs Report on the Accounts In¢ome and Expenditure Account Balance Sheet Notes to the Financlal Statements 6&7 Schedule of Investments 8.9&10 PAGE 1 GEORGE FEARN TRUST SYNOPSIS as at 5th Aprll 2022 Charity Number: 223212 Terms of Trust Established 30 May 1911 under the Will of George Fearn dated 6 April 1907. The purposes of the trust was lo maintain the bells of Sl George's Chufch, Stockport, maintenance of the church fabric, schools, parish rooms and help to the poor and sick of the surrounding area. Truste8s- A J Garfick .Chairman PRBall J R Hardy D Foulkes Mrs H C Jenkins DrA C Regan Bankers: Barclays Bank pl¢ 1 Bridge Streel Stockport SK16XU Reporting Accountant.. Robert Hayden & Co charter￿ Accountants 195 Bramhall Lane Davenport Slockporl SK2 6JA PAGE 2 INDEPENDENT EXAMINER'S REPORT To the trustees of the George Fearn Trust I report to the tmstees on my examinarion of the accounts of the George Fearn Trust (the Trust) for the year ended 5 April 2022. Responslbllltles and bas15 of report A5 the charity trustees of the Trusi you are re5ponslble for the preparation of the accounts in accordance wEth the requirements of the Charities Act 2011 I'the Act'l. I repoit In respect of my eXaM￿natIOn of the Trust's accounts carried out under section 145 of the 2011 Att and in carrylng out my examination I have followed all the applicable Directlons given by the Charity Commlsslon under section 14515llbl of the Att. Independent examlner's statement I have completed my examlnatlon. I ctsnfirm that no material matters have come to my attentlon in connection with the examinatlon giving me cause to believe that in any materlal ¥espect.' accounting records were not kept in respect of the Trust as requlred by section 130 of the Act-, or the account5 do not accord wiih those records. or the accounts do not comply with the appltcable requirements concernlng the forrh and contents of accounts Set out in the Charlties (Accovnts and Reports) Regulations 2008 other than any requlrement that the accounts give a 'true and fair vlew, which Is not a matter considered as part of an independent examlnation. I have no concerns and have come across no other matters in connection wlth the examination to whlch attention should be drawn in this report In order to enable a proper understanding of the accounts tg be reached. 51gned'. AMANDA DUFFY FCA Robert Hayden & Co Chartered Accountants 195 Bramhall Lane Stockport SK2 6JA Date.. Page 3 RGE FEA nce Shqeta$ at A 112022 2022 2021 Flxod A858ts Investmgnt4. unrÈsirlcied lÈe&p8g&s 8. 9 8 10) 764,218 716.Q55 Cuiitrnt Asi•t8 Arnold Stansby & Co Cash ai Bank.. Deposit account Cash al Bank.. C￿￿6n1 accovnl 89.129 42 31,645 42 15,428 47,115 3.575 42,746 Current Llabllltl09 Accrtsed expenses -1,680 -2.280 835 FundB of the ¢h•rlty UnreslriGled ￿ndS Signed by ona Iruslee on Prfnt name Oate ol mal Pago 4 GE FEARK TR tèmen nthnclBI ded ear Unr rf Funds 2022 2021 Incomlng Ro8OY¢O¥ ImfOStment Ipcome (seepages 8, 9 & 10) 25,250 24,492 Bank rfepos Olher in¢ome 18 Total Incomlng R•sourc68 25,250 24.5fO Resour¢e$ Exp¢ndod Dlrect Charltable St Georgé'8 Parochlal Churrh Councll Sl Georotr's School$ 33.015 4.000 20.000 -37,01S -20.0(Y) Managemgnt and Admln16tratlon Slockbr(the¢$ fee Independenlex4ffl1nalk)n leÈ Accovntan15 fee 178 84 178 -1.318 -1,318 rotal Resou￿09 Exwnded -38,333 -21.318 N•t Incornlng louigolngl ro8ourcés befor& ￿tter -13,082 3.192 Oihv recognlted galn8qloBse¥l Ga￿5 and lkngs&81 tsn Evalualkn of Slxed assets for the Cha￿￿5 own usé. foi turrenl year Qalns 4nd11088osI on Inveslm8r& a$$gts I￿pageS 8, 9 & 101 60,501 95,575 6.076 Net mov•ment In lund8 43,494 g8,878 Total Funds brought loryyard Total FundB carrlod lorwaid 761.790 ft04284 662.912 761,790 PAGE S GEORGE FEARN TRUST NOTES TO THE A¢¢OUNTS YEAR ENDED fjni APRIL 2022 of Ac¢ountlng These accounts have b8eTT prep8red on Ihe ba&18 of hlslorlG CQSt1gxcept th81 Inyeslmenls art shown al m8rkel valuÈl in accordance iwlh.. Accounllng aThY Reporling by Charttles- Stglem8nl of Recommended PrgGti¢e ISORP 20151.. and wiikn AGGourllng Slanda(d8. AcGoun¢lng Pollclo8 R•¢ounltion ol InGomlng resoDr¢o8 These ara Included in Ihe Siat&manl of Finanrial Acllvlues ISOFAI when.. Ihe charity becomes ent￿le￿ 10 the resources.. Ihe Iru5188S affj vlrtually certain they I￿11 recelve thè resourc8$.' 8nd Ihe m<￿taryVèIue can be mBatsu¥Èd ￿th sulllcknl iÉllablllly. Grants and DonaUon8 Grants and donAllons are only includèd In the SOFA when Ihtr charlly uncDn(lilional enliUemÈnt 10 iha resources. Investrnenl In¢om• This is uiduded In IIE gcwunts whon re¢elvgblÈ. Invesfmetit Galn8 and Lo•4es Thls ￿nGl￿deS any galn or loss on the 5*18 ollnvesimÈni8 and any oaln or loss rWa￿tIng frow r8vBluing investments lo mark&l value at the of the year. Ex ndLI Ll#blllty Re¢ognitlon Llabililies are recognlsed as soori as Ih8re Is a kngal or conslrucllve oblvJalion commltllng the chafily to pay out r8sourees. Governance Costs Include costs of the piepgr81ioD ex&mlnalknn of &lalulOry accoun15. the cos18 or truste& meetings and co81 of any I￿g￿ advlc& lo liuslees on govem8nce or consel￿tIonal matters. Grants pjyble vilthout p¢rformanGe eondltlon9 These are only 10 b& r8cognlsed in the accounts whpn a Gommllmenl hBs bèen m3¢Je and thare are no Gondllions lo be m£t relating lo Iho gr&ntvthich remain ID G￿t￿l of Ihe ch8thy. I￿veStMOnts Inveslrnenl8 quolfjd on g recoy￿Se1 BIoGk exGharnga •re valu￿￿ ai market v81ue al th8 . Olhtrr Inv&slmeTht asselE are Induded al tru81ee's b8gt eslirnale of market valuè. PAGE 6 GEORGE FEARN TRUST NQTES TO THE ACCOUNTS YEAR ENDED ITH APRIL 2022 CONT. lTrvtr#tmentA88et* Inv Csiryhg Imarketl vakje 81 Dfyear 716.955 Add.. addlNons lo Inv881mÈnls al ¢osl 62.408 Lps¥.' disposals 91 carrying Wdlue -65.646 Nelgath ￿ ￿ValUatIOn 50.501 Carrying Imarkell value at ertd of year 764,218 A breakdown trf the maikel Values ollnVeBI￿ents shown 8bove agreelng wrfh bdl8nee sh6et is allached Is*ep8ggs 8, 9 8 101 PAGÈ 7 8 ¥ ¥ E E B 11 6 S E E I GEORGE FEARN TRUST REPORT AND FINANCIAL STATEIVIENTS FOR THE YEAR ENDED 5TH APRIL 2022 Registered Charity No: 223212 GEORGE FEARN TRUST REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5TH APRIL 2022 CONTENTS Page Synopsis Independent Examinerfs Rgport on the Accounts Incomg and Expenditure Accounl Balance Sheet Notes to the Flnancial Statements 6&7 Schedule of Investments 8,9&10 PAGE 1 GEORGE FEARN TRUST SYNOPSIS a5 at 5th April 2022 Charity Number: 223212 Terms of Trust Established 30 May 1911 under the Will of George Fearn dated 6 April 1907. The purposes ol the trust was lo maintain the bells of St Geoige's Church, Stockport. maintenance of the chur¢h fabric, schools, parish rooms and help lo the poor and sick ol the surrounding area, Trustees: A J Garlick ,Chairman PRBall J R Hardy D Foulkes Mrs H C Jenkins Dr A C Regan Bankers: Barclays Bank plc 1 Bridge Street Slockporl SKI 6XU Reportlng Accountant- Robert Hayden & Co Chartered AccDunlants 195 Bramhall Lane Davenport Slockporl SK2 6JA PAGE 2 INDEPENDENT EXAMINER'S REPORT To the trustees of the George Fearn Trust I report to the irustees on my examlnation of the accounts of the George Fearn Tiust (the Trust) for the year ended 5 April 2022. Responslbllltle5 and basls of report A5 the charlty trustees of the Trust you are responsible for ihe preparation of rhe accounts in accordance with the reqtJSrernents of the Charities Act 2011 ('the Act'l. I report In respect of my examination of the Trust's accounts carried out under sectfon 145 Df the 2011 Act and in carrylng out my examinatlon I have followed all the appllcable Direcrions given bv the Charlty Commlssion under section 145{5)Ibl of the Act. Independent examiner's statement I have completed my examination. I conftrm thar no materlal Enatters have come to my attentlon in connecrion with the examination glving me cause to believe that in any materlal respect: accounting records were not kept in respect of the Trust as required by sectltsn 130 of the Act., or the account5 do noi accord wlth those rectsrds., or the account5 doTr not comply with the applicable requlremenis concerning the form and contents of accounts set out In the Charities (Accounts and Reporrs) Regulations 2008 other thall any requtrement that the accounts give a 'true and falr view, whlch is not a matter considered a5 part of an independent examlnatlon. I have no concerns