| ~Pa e | |||
|---|---|---|---|
| Legal and Administrative | Information | 1-2 | |
| Report ofthe Trustees | 3-9 | ||
| Report ofthe Independent | Examiner | 10- 11 | |
| Statement ofFinancial Activities | 12 | ||
| Balance Sheet | 13 - 14 | ||
| Notes forming part ofthe | Financial | Statements | 15-25 |
| Account ofFunds Held in | Trust | 26-27 |
| Notes | Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | |||
| 2021 | 2020 | |||||
| Incoming resources |
||||||
| Activities for generating | funds; | |||||
| Recharges to Tenants | 27,507 | 27,507 | 31,996 | |||
| Income from Publications/Greeting | ||||||
| Cards | 111 | 11] | 147 | |||
| Donations | 476 | 476 | 521 | |||
| Investment Income |
128,977 | 5,776 | 134,753 | 137,048 | ||
| Total incoming resources |
157,071 | 5,776 | 162,847 | 169,712 | ||
| Less Cost ofgenerating | funds; | |||||
| Faith House Expenditure | 56,786 | 56,786 | 132,]38 | |||
| Charitable Expenditure; |
||||||
| Grants Payable | 4,050 | 3,500 | 7,550 | 7,840 | ||
| Other Charitable activities |
21,270 | 929 | 22,199 | 26,219 | ||
| Total resources expended | 82,106 | 4,429 | 86,535 | 166,197 | ||
| NET INCOMING RESOURCES |
74,965 | 1,347 | 76,312 | 3,515 | ||
| Realised and unrealised | investment | |||||
| gains / (losses) |
221,139 | 34,548 | 255,687 | (22,437) | ||
| Movement in total funds |
for the year; net | |||||
| income/expenditure for |
the year | 10 | 296,104 | 35,895 | 331,999 | (18,922) |
| Total funds brought forward |
1,230,706 | 176,812 | 1,407,518 | 1,426,440 | ||
| Total funds carried forward | 18 | 1,526,810 | 212,707 | 1,739,517 | 1,407,518 |
| BALANCE SHEET | BALANCE SHEET | |||||
|---|---|---|---|---|---|---|
| AT 31STMARCH 2021 | ||||||
| Notes | 2021 | 2020 | ||||
| FIXEDASSETS | ||||||
| Tangible | 12 | 35,000 | 35,000 | |||
| Investments | 13 | ],530,208 | 1,229,521 | |||
| CURRENT ASSETS | ||||||
| Cash at Bank | 14 | 158,596 | 161,863 | |||
| Debtors | 15 | 36,221 | 5,624 | |||
| 194,817 | 167,487 | |||||
| Creditors; Amounts |
falling | |||||
| due within one year |
16 | (20,508) | (24,490) | |||
| NET CURRENT ASSETS | 174,309 | 142,997 | ||||
| 1,739,517 | 1,407,518 | |||||
| FINANCED BY: | ||||||
| Unrestricted Funds |
18 | 1,526,810 | 1,230,706 | |||
| Restricted Funds | 18 | 2]2,707 | 176,812 | |||
| TOTAL CHARITY | FUNDS | 1,739,517 | 1,407,518 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| 5.Incoming resources |
f. | ||||
| Rechar es to Tenants |
of | Faith House | |||
| Service charge | 27,507 | 31,996 | |||
| Income from Publications/Greetin | Cards | 147 | |||
| Donations | |||||
| Donations received |
3 | 18 | |||
| Subscriptions | 473 | 503 | |||
| 476 | 521 | ||||
| Investment Income |
|||||
| Unrestricted Funds |
|||||
| Bank interest | 295 | 722 | |||
| Investment income |
36,741 | 34,606 | |||
| Rental ofFaith House | 91,891 | 95,406 | |||
| Use ofDouglas Room | 50 | 655 | |||
| 128,977 | 131,389 | ||||
| Restricted Funds | |||||
| Bank interest; | |||||
| Hoare Trust | 8 | 18 | |||
| Liddon Fund | 29 | 70 | |||
| Investment income; |
|||||
| Hoare Trust | 436 | 423 | |||
| Liddon Fund | 5,303 | 5,148 | |||
| 5,776 | 5,659 | ||||
| 6.Faith House expenditure | |||||
| General rates | 20,003 | 19,703 | |||
| Electricity and gas | 2,923 | 3,919 | |||
| Insurance | 5,827 | 5,678 | |||
| Repairs and building | maintenance | 6,448 | 83,293 | ||
| Cleaning and washroom |
costs | 15,030 | 14,145 | ||
| Deed ofvariation rent |
6,555 | 5,400 | |||
| 56,786 | 132,138 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| 7. Grants Payable | ||||||
| Unrestricted Funds |
||||||
| Publication Sponsorship |
4,050 | 1,840 | ||||
| Restricted Funds |
||||||
| Educational Grants |
—Liddon Fund | 2,500 | 6,000 | |||
| Needlework Grants |
—Hoare Trust | 1,000 | ||||
| 3,500 | 6,000 | |||||
| 8. Other Charitable | Activities | |||||
| Unrestricted Funds |
||||||
| Donation to Dean and Chapter ofWestminster | Abbey | 300 | ||||
| Donation to Lambeth Palace Library | 2,500 | |||||
| 2,500 | 300 | |||||
| Restricted Funds | ||||||
| Lecture Expenses —Liddon Fund | 150 | 182 | ||||
| Governance Costs |
||||||
| Unrestricted Funds |
||||||
| Travelling | 399 | 3,470 | ||||
| General Secretarial |
expenses | 381 | 1,022 | |||
| Annual Return fee |
13 | 13 | ||||
| Legal &professional | fees | 4,030 | 7,157 | |||
| Secretary and Treasurer's | Honorarium | 11,500 | 10,750 | |||
| Accountancy Fees |
2,334 | 2,334 | ||||
| Bank Charges | 113 | 192 | ||||
| 18,770 | 24,938 | |||||
| Restricted Funds |
||||||
| Secretary and Treasurer's | Honorarium | —Liddon | Fund | 600 | 600 | |
| General Secretarial | expenses | 179 | 199 | |||
| 779 | 799 | |||||
| Unrestricted Fund totals |
21,270 | 25,238 | ||||
| Restricted Fund totals |
929 | 981 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| 9.Realised and unrealised | investment | ||||
| gains / (losses) |
|||||
| Unrestricted Funds |
|||||
| Gain /(Loss) on revaluation | ofinvestment | 221,139 | (19,525) | ||
| 221,139 | (19,525) | ||||
| Restricted Funds | |||||
| Gain / (Loss) on revaluation |
ofinvestment | ||||
| Hoare Trust | 2,624 | (221) | |||
| Liddon Fund | 31,924 | (2,691) | |||
| 34,548 | (2,912) | ||||
| 10. Net income for | the year | ||||
| The surplus/(deficit) | on ordinary | activities | |||
| is stated after crediting the | following; | ||||
| Operating Lease —Faith House |
119,448 | 128,057 |
| 12. Tangibl |
e fixed | assets | Long | Total | |||||
| Leasehold | |||||||||
| Land and | |||||||||
| Buildings | |||||||||
| Cost as at 1 April |
2020 and at 31 March 2021 | 35,000 | 35,000 | ||||||
| Depreciation as at |
1 April 2020 | and at 31 | March 2021 | ||||||
| Net book value | |||||||||
| As at 31 March 2020 and at 31 March 2021 | 35,000 | 35,000 | |||||||
| 13. Investments |
Cost at | Additions | Cost at | Gross | Market | Market | |||
| 31.03.20 | 31.03.21 | Income | Value at | Value at | |||||
| 31.03.21 | 31.03.20 | ||||||||
| Unrestricted Funds |
|||||||||
| C.B.F Investment | Fund | ||||||||
| 62896.46 shares | 775,29] | 45,000 | 820,291 | 36,74] | 1,329,127 | 1,062,987 | |||
| Restricted Funds | |||||||||
| Hoare Trust | |||||||||
| C.B.FInvestment | Fund | ||||||||
| 748.53 shares | 6,494 | 6,494 | 436 | 15,275 | 12,651 | ||||
| Liddou Fund | |||||||||
| C.B.F Investment | Fund | ||||||||
| 9105.17shares | 91,410 | 91,410 | 5,303 | 185,806 | 153,883 | ||||
| 873,]95 | 45,000 | 918,195 | 42,480 | 1,530,208 | 1,229,521 |
| 2021 | 2020 | ||
|---|---|---|---|
| 14.Cash at Bank | f | f | |
| Unrestricted | Funds | ||
| Current Account | 61,367 | 62,434 | |
| C.B.F.Deposit Account | 85,604 | 89,15] | |
| 146,971 | 151,585 | ||
| Restricted Funds | |||
| Hoare Trust | 2,162 | 2,718 | |
| Liddon Fund | 9,463 | 7,560 | |
| 11,625 | 10,278 | ||
| 158,596 | 161,863 | ||
| 15.Debtors | |||
| Unrestricted | Funds | ||
| Prepayments | and Accrued Income | 36,221 | 5,624 |
| Other debtors | |||
| 36,221 | 5,624 | ||
| 16.Creditors | |||
| Amounts falling due within one year |
|||
| Unrestricted | Funds | ||
| Other Creditors | 20,508 | 24,490 |
| Analysis of | movements | in funds | |||||
|---|---|---|---|---|---|---|---|
| Funds | |||||||
| Balance | Investment | 31 March | |||||
| I April 2020 | Income | Expenditure | gain/(loss) | 2021 | |||
| Unrestricted | fund | 1,230,706 | 157,07] | 82,106 | 221,139 | 1,526,810 | |
| Hoare fund | 15,369 | 444 | 1,000 | 2,624 | 17,437 | ||
| Liddon Fund | 161,443 | 5,332 | 3,429 | 3],924 | 195,270 | ||
| 176,812 | 5,776 | 4,429 | 34,548 | 212,707 | |||
| Analysis ofmovements | in funds | ||||||
| Funds | |||||||
| Balance | Investment | 31 March | |||||
| 1 April 2019 | Income | Expenditure | gain/(loss) | 2020 | |||
| Unrestricted | fund | 1,245,394 | 164,053 | 159,216 | (]9,525) | 1,230,706 | |
| Hoare fund | 15,149 | 441 | (221) | 15,369 | |||
| Liddon Fund | 165,897 | 5,218 | 6,981 | (2,691) | 161,443 | ||
| 181,046 | 5,659 | 6,981 | (2,912) | 176,812 |
| Notes | 2021 | 2020 | |||
|---|---|---|---|---|---|
| INCOME | |||||
| Investment Income |
436 | 423 | |||
| Bank Interest | 8 | 18 | |||
| Gain on revaluation | of | ||||
| investment assets |
2,624 | ||||
| 3,068 | 441 | ||||
| EXPENDITURE | |||||
| Charitable Expenditure |
|||||
| Grants Payable | 1,000 | ||||
| Loss on revaluation | of | ||||
| investment assets |
221 | ||||
| Surplus for Year | 2,068 | 220 | |||
| BALANCE | SHEET | ||||
| AT 31STMARCH 2021 | |||||
| FIXEDASSETS | |||||
| Investments | 13 | 15,275 | 12,651 | ||
| CURRENT ASSETS | |||||
| Cash at Bank | 14 | 2,162 | 2,718 | ||
| 17,437 | 15,369 | ||||
| REPRESENTED BY: | |||||
| Accumulated Fund |
Brought Forward | 18 | 15,369 | 15,149 | |
| Add; Surplus for Year | 18 | 2,068 | 220 | ||
| 17,437 | 15,369 |
| Notes | 2021 | 2020 | 2020 | |||
|---|---|---|---|---|---|---|
| INCOME | ||||||
| Investment Income |
5,303 | 5,148 | ||||
| Bank Interest | 29 | 70 | ||||
| Gain on revaluation | of | |||||
| investment assets |
31,924 | |||||
| 37,256 | 5,218 | |||||
| EXPENDITURE | ||||||
| Charitable Expenditure |
||||||
| Grants Payable | 2,500 | 6,000 | ||||
| Other Charitable | Activities | 929 | 981 | |||
| Loss on revaluation | of | |||||
| investment assets |
3,429 | 2,691 | 9,672 | |||
| Surplus / (Deficit) |
for Year | 33,827 | (4,454) | |||
| BALANCE SHEET | ||||||
| AT 31STMARCH 2021 | ||||||
| FIXEDASSETS | ||||||
| Investments | 13 | 185,807 | 153,883 | |||
| CURRENT ASSETS | ||||||
| Cash at Bank | 14 | 9,463 | 7,560 | |||
| NET CURRENT ASSETS | 195,270 | 161,443 | ||||
| REPRESENTED BY: | ||||||
| Accumulated Fund |
Brought Forward | 18 | 161,443 | 165,897 | ||
| Add; Surplus/(Deficit) | for Year | 18 | 33,827 | (4,454) | ||
| 195,270 | 161,443 |