2020-12-31-accounts - Friends Of Essex Churches Trust

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CONTENTS
Trustees (The Executive	Committee)
Other Officials ofthe Association
Report ofthe Trustees
Report ofthe Independent	Examiner
Statement ofFinancial Activities
Balance Sheet
Notes forming part ofthe	Financial	Statements

YEAR ENDED 31DEC	EMBER20	20
			Unrestricted	Restricted	Total Fuads	Total Funds
			2020	2020	2020	2019
		Note	8
Income from:
Grants, donations and subscriptions			27,416		27,416	56,890
Legacies			85,564		85,564	62,460
Fundraising activities			23,994		23,994	63,261
Investment income			8,683		8,683	11,350
Total income			145,657		145,657	193,961
Expenditure on:
Fundraising activities			9,974		9,974	25,449
Charitable activities			151,163	2,500	153,663	169,775
Total expenditure			161,137	2,500	163,637	195,224
Net (losses)/gains on investments		8	( 20,504)		( 20,504)	25,768
Net (expenditure)/income	/		( 35,984)	( 2,500)	( 38,484)	24,505
Net movement in funds
Reconciliation offunds
Total funds brought forward			324,307	20,000	344,307	319,802
Total funds carried forward			288,323	17,500	305,823	344,307

			2020		2019
		Note			f
FIXEDASSETS
Invesnnents				163,394	143,898
CURRENT ASSETS
Debtors		9	2,630		555
Cash at bank		10	303,269		381,414
			305,899		381,969
CREDITORS: Amounts	falling due within one year	11	163,470		181,560
NET CURRENT ASSETS/ LIABILITIES				142,429	200,409
NET ASSETS				305,823	344,307
FUNDS OFTHE CHARITY
Unrestricted General Fund				288,323	324,307
Restricted Funds		12		17,500	20,000
TOTAL CHARITY FUNDS				305,823	344,307

			Unrestricted	Restricted	Total Funds	Total Funds
			2020	2020	2020	2019
					g
Donations	and subscriptions		24,545		24,545	34,296
Gilt Aid			2,871		2,871	2,594
Grant from	Allchurches	Trust (restricted)				20,000
			27,416		27,416	56,890

		Unrestricted	Restricted	Total Fuads	Total Funds
		2020	2020	2020	2019
		0	0	0	0
Dividends	received	6,930		6,930	9,292
Interest receivable		1,753		1,753	2,058
		8.683		8,683	11,350

5.	Expenditure		on Fundraisi	ng	Activities
						Unrestricted	Restricted	Total Funds	Total Funds
						2020	2020	2020	2019
								8
	Ride+Snide		-Expenses			50		50	94
	-Returned		to sponsoring	Churches		5,541		5,541	14,632
	Other Event		expenses			4,383		4,383	10,723
						9,974		9,974	25,449
6.	Charitable		Activities
						Unrestricted	Restricted	Total Funds	Total Funds
						2020	2020	2020	2019
	Maintenance		Grants awarded		17(2019:20)	108,850		108,850	136,000
	Improvement		Grants awarded 5(2019:3)			39,000		39,000	30,000
	Grants released					(1,000)		(1,000)
	Grants for gutter clearance					100		100	250
						146,950		146,950	166,250
	Installation		ofroof alartn				2,500	2,500
	Promotion ofpublic interest in				churches	2,149		2,149	1,550
	Governance		and support costs		(note 7)	2,064		2,064	1,975
						151,163	2,500	153,663	169,775
	No grants awarded in 2020 exceeded KI5,000(2019:Nil)
7.	Governance		and Support	Costs		Unrestricted	Restricted	Total Funds	Total Funds
						2020	2020	2020	2019
	Independent		examiner's fee			1,620		1,620	1,560
	Other administration costs							444	415
						2,064		2,064	1,975
8.	Investments
								2020	2019
	Market value at I January							143,898	180,353
	Additional	investments						40,000
	Disposal proceeds								(62,223)
	Realised gain on investments								5,263
	Unrealised		(loss)/gain on investments					(20,504)	20,505
	Market value at 31December							163,394	143,89R
	Historical cost at 31 December							165,768	125,768
	All investments are held in M&G Charifund					Income units.