| Trustees | C R Clough | ||||||
|---|---|---|---|---|---|---|---|
| The Venerable | CJ | Hawthorn | |||||
| Rev P Wordsworth | |||||||
| Mrs M Cooper | |||||||
| Mrs EAllen | |||||||
| Mr DJ M Burchill | |||||||
| Custodian | Trustee | The York Diocesan | Board | of Finance | |||
| Charity number | 225290 | ||||||
| Principal address | Joplings | ||||||
| 19Market Place | |||||||
| Thirsk | |||||||
| North Yorkshire | |||||||
| YO7 3AE | |||||||
| Independent | examiner | Deborah Fletcher-McVay |
ACA | ||||
| Kenneth Easby |
Limited | ||||||
| Chartered Accountants |
|||||||
| Oak House, Market Place | |||||||
| Bedale | |||||||
| North Yorkshire | |||||||
| DL8 1AQ | |||||||
| Bankers | CCLA Investment | Management | Ltd | ||||
| 80 Cheapside | |||||||
| London | |||||||
| EC2V 6DZ | |||||||
| Barclays Bank | Pic | ||||||
| 193 High Street | |||||||
| Northallerton | |||||||
| North Yorkshire | |||||||
| DL7 8LJ | |||||||
| Solicitors | Mills & Reeve | ||||||
| 1 City Square | |||||||
| Leeds | |||||||
| North Yorkshire | |||||||
| LS1 2ES | |||||||
| Investment | advisors | Smith &Williamson |
Investment | Management | |||
| 25 Moorgate | |||||||
| London | |||||||
| EC2R 6AY |
| Page | |||
|---|---|---|---|
| Trustees report | 1-2 | ||
| Independent examiner's |
report | ||
| Statement offinancial |
activities | ||
| Balance sheet | |||
| Notes to the financial | statements | 6-13 |
| Unrestricted | Endowment | Total | Unrestricted | Endowment | Total | ||||
|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||||
| 2020 | 2020 | 2019 | 2019 | 2019 | |||||
| Notes | E | F | f | E. | f | ||||
| r | |||||||||
| Investments | 55,474 | 55,474 | 72,845 | 72,845 | |||||
| Other income | 77,818 | 77,818 | |||||||
| Total income | 133,292 | 133,292 | 72,845 | 72,845 | |||||
| Raising funds | 2,114 | 6,204 | 8,318 | 2,271 | 6,972 | 9,243 | |||
| Charitable activities |
5 | 128,704 | 128,704 | 59,176 | 59,176 | ||||
| Total resources | |||||||||
| expended | 130,818 | 6,204 | 137,022 | 61,447 | 6,972 | 68,419 | |||
| Net gains/(losses) investments |
on | 14,262 | 329,618 | 343,880 | 40,333 | 187,399 | 227,732 | ||
| Net movement | in | funds | 16,736 | 323,414 | 340,150 | 51,731 | 180,427 | 232,158 | |
| Fund balances | at 1 | ||||||||
| January 2020 | 568,141 | 2,184,865 | 2,753,006 | 516,410 | 2,004,438 | 2,520,848 | |||
| Fund balances | at | 31 | |||||||
| December 2020 | 584,877 | 2,508,279 | 3,093,156 | 568,141 | 2,184,865 | 2,753,006 |
| 2020 | 2019 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | F | f | |||||
| Fixed assets | |||||||
| Tangible assets Investment properties Investments |
10 11 12 |
46,730 1,000,000 1,895,184 |
93,205 700,000 1,858,932 |
||||
| 2,941,914 | 2,652,137 | ||||||
| Current assets | |||||||
| Debtors | 13 | 1,809 | 2,584 | ||||
| Cash at bank and | in | hand | 152,973 | 101,867 | |||
| 154,782 | 104,451 | ||||||
| Creditors: amounts one year |
falling due within | 14 | (3,540) | (3,582) | |||
| Net current assets | 151,242 | 100,869 | |||||
| Total assets less | current liabilities | 3,093,156 | 2,753,006 | ||||
| Capital funds Endowment funds |
- | general | 15 | 2,508,279 | 2,184,865 | ||
| Income funds | |||||||
| Unrestricted funds |
584,877 | 568,141 | |||||
| 3,093,156 | 2,753,006 |
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2020 | 2019 | ||
| F | E | ||
| Rental | income | 11,250 | 15,000 |
| Income | from listed investments | 44,175 | 57,646 |
| Interest | receivable | 49 | 199 |
| 55,474 | 72,845 |
| Unrestricted | Total | |||||||
|---|---|---|---|---|---|---|---|---|
| funds | ||||||||
| 2020 | 2019 | |||||||
| F | F | |||||||
| Net | gain | on | disposal | oftangible | fixed | assets | 77,818 |
| Unrestricted | Endowment | Total | Unrestricted | Endowment | Total | ||||
|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||||
| general | general | ||||||||
| 2020 | 2020 F |
2020f | 2019 | 2019 | 2019 F |
||||
| v | sm | ana | ent | 2,114 | 6,204 | 8,318 | 2,271 | 6,972 | 9,243 |
| 2,114 | 6,204 | 8,318 | 2,271 | 6,972 | 9,243 |
| Other costs | Grant | Total Other costs | Total Other costs | Grant | Total | |||
|---|---|---|---|---|---|---|---|---|
| funding | 2020 | funding | 2019 | |||||
| 2020 | 2019 | 2019 | ||||||
| F | F. | |||||||
| Sisters maintenance | and | |||||||
| expenses | 4,322 | 4,322 | 4,200 | 4,200 | ||||
| Depreciation | 892 | 892 | 1,677 | 1,677 | ||||
| Property expenses | 4,676 | 4,676 | 7,354 | 7,354 | ||||
| 9,890 | 9,890 | 13,231 | 13,231 | |||||
| Grant funding (see note 6) |
of activities | 115,000 | 115,000 | 44,000 | 44,000 | |||
| Share of support costs | 3,814 | 3,814 | 1,945 | 1,945 | ||||
| 13,704 | 115,000 | 128,704 | 15,176 | 44,000 | 59,176 |
| 2020 F |
2019f | |||
|---|---|---|---|---|
| Grants to institutions: | ||||
| Centre for Health and Pastoral Care | 15,000 | |||
| Wydale Hall |
20,000 | 10,000 | ||
| Yo Yo | 15,000 | 5,000 | ||
| York Historical | Churches | Trust | 25,000 | 10,000 |
| York Diocesean | Board of | Finance | 40,000 | 5,000 |
| Holyrood House Grant |
14,000 | |||
| 115,000 | 44,000 |
| 2020 | 2019 |
|---|---|
| Number | Number |
| Net gains/( | losses) on |
investments | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Total | Unrestricted | Endowment | Total | ||
| funds | funds | funds | funds | ||||
| general | general | ||||||
| 2020 f |
2020f | 2020 F |
2019 E |
2019 E |
2019 E |
||
| Revaluation | of | ||||||
| investments | 14,684 | 42,795 | 57,479 | 37,735 | 104,467 | 142,202 | |
| Gain/(loss) investments |
on sale of | (422) | (13,177) | (13,599) | 2,598 | 82,932 | 85,530 |
| Revaluation | of | ||||||
| investment | properties | 300,000 | 300,000 | ||||
| 14,262 | 329,618 | 343,880 | 40,333 | 187,399 | 227,732 |
| 10 | Tangible fixed assets | Tangible fixed assets | ||||
|---|---|---|---|---|---|---|
| Freehold | Land and Buildings | |||||
| Cost | ||||||
| At 1 January | 2020 | 123,950 | ||||
| Disposals | (58,944) | |||||
| At 31 December 2020 | 65,006 | |||||
| Depreciation | and impairment | |||||
| At 1 January | 2020 | 30,745 | ||||
| Depreciation | charged | in the | year | 892 | ||
| Eliminated in |
respect ofdisposals | (13,361) | ||||
| At 31 December 2020 | 18,276 | |||||
| Carrying amount |
||||||
| At 31 December 2020 | 46,730 | |||||
| At 31 December 2019 | 93,205 | |||||
| 11 | Investment | property | ||||
| 2020 | ||||||
| E | ||||||
| Fair value | ||||||
| At 1 January | 2020 | 700,000 | ||||
| Net gains or | losses through | fair value adjustments | 300,000 | |||
| At 31 December 2020 | 1,000,000 |
| Fixed asset investments | |||||
|---|---|---|---|---|---|
| UK Fixed | Interest | Foreign | Cash in | Total | |
| Equities | Stocks | Equities f |
porffolio | ||
| Cost or valuation | |||||
| At 1 January 2020 | 1,326,429 | 251,329 | 253,233 | 27,941 | 1,858,932 |
| Additions | 108,935 | 6,013 | 64,229 | 36,857 | 216,034 |
| Valuation changes |
(100,249) | (6,225) | 163,943 | 57,469 | |
| Disposals | (125,871) | (39,779) | (71,601) | (237,251) | |
| At 31 December 2020 | 1,209,244 | 211,338 | 409,804 | 64,798 | 1,895,184 |
| Carrying amount |
|||||
| At 31 December 2020 | 1,209,244 | 211,338 | 409,804 | 64,798 | 1,895,184 |
| At 31 December 2019 | 1,326,429 | 251,329 | 253,233 | 27,941 | 1,858,932 |
| 13 | Debtors | |||
|---|---|---|---|---|
| 2020 | 2019 | |||
| Amounts falling due |
within one year: | E | ||
| Other debtors | 1,809 | 2,584 | ||
| 14 | Creditors: amounts | falling due within one year | ||
| 2020 | 2019 | |||
| Accruals and deferred | income | 3,540 | 3,582 |
| Movement | in funds | Movement | in funds | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance at 1 January 2019 |
Incoming resources |
Resources expended |
Transfers | Investments gains/losses1 |
Balance at January 2020 |
Incoming resources |
Resources expended |
Transfers | Investments gains/losses |
Balance at 31 December 2020 |
||
| f | ||||||||||||
| Permanent | endowments | |||||||||||
| Endowment | fund | 2,004,438 | (6,972) | 187,399 | 2,184,865 | (6,204) | 329,618 | 2,508,279 | ||||
| 2,004,438 | (6,972) | 187,399 | 2,184,865 | (6,204) | 329,618 | 2,508,279 |
| 16 | Analysis | of net assets | of net assets | between | funds | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Total | Unrestricted | Endowment | Total | |||||
| funds | funds | funds | funds | |||||||
| 2020 | 2020 | 2019 | 2019 | 2019 | ||||||
| f. | f | F | F | F | ||||||
| Fund balances at 31 | ||||||||||
| December | 2020 are | |||||||||
| represented | by: | |||||||||
| Tangible assets | 46,730 | 46,730 | 93,205 | 93,205 | ||||||
| Investment | properties | 1,000,000 | 1,000,000 | 700,000 | 700,000 | |||||
| Investments | 345,274 | 1,549,910 | 1,895,184 | 333,153 | 1,525,779 | 1,858,932 | ||||
| Current assets/ | ||||||||||
| (liabilities) | 192,873 | (41,631) | 151,242 | 141,783 | (40,914) | 100,869 | ||||
| 584,877 | 2,508,279 | 3,093,156 | 568,141 | 2,184,865 | 2,753,006 |