| CONTENTS | Page | ||||
|---|---|---|---|---|---|
| Trustees and Advisors | |||||
| Trustees' Report | 2/5 | ||||
| Report ofthe Independent | Exatniner | ||||
| Statement ofFinancial Activities | |||||
| Balance Sheet | |||||
| Notes to the Financial Statements | Incorporating | the Accounting | Policies | 9/14 |
| YEARENDED 31 | MAY 2 | 021 | ||||||
|---|---|---|---|---|---|---|---|---|
| Note | Unrestricted | Restricted | Total | Total | ||||
| Funds | Funds | Funds | Funds | |||||
| 2021 | 2020 | |||||||
| f, | ||||||||
| Incoming resources | ||||||||
| Income from: | ||||||||
| Donations | 23 | 23 | ||||||
| Investment income |
50,525 | 15,034 | 65,559 | 68,339 | ||||
| Total income | 3 | 50,548 | 15034 | 65 582 | 68,339 | |||
| Resources expended | ||||||||
| Expenditure on: |
||||||||
| Raising funds | 8,910 | 8,910 | 6,979 | |||||
| Charitable activities |
5,231 | 5431 | 9,009 | |||||
| Donations aud grants |
36,823 | 27,614 | 64,437 | 45,417 | ||||
| Support costs | 1,978 | 1,434 | 3,412 | 7,266 | ||||
| Total expenditure | 4 | 52,942 | 29,048 | 81,990 | 68,671 | |||
| Net income/(expenditure) | before | |||||||
| investments gains/(losses) |
(2,394) | (14,014) | (16,408) | (332) | ||||
| Transfer between | funds | 4,649 | 4,649 | |||||
| Net Gains/(losses) | on investments | (7,043) 46,803 |
(9,365) 94,547 |
(16,408) 141,350 |
(332) ~140,296 |
|||
| Net Movement in funds |
39,760 | 85,182 | 124,942 | (140,628) | ||||
| Reconciliation offunds: |
||||||||
| Total funds brought | forward | 572,704 | 271,328 | 844,032 | 984 660 | |||
| Total funds carried | forward | 612,464 | 356510 | 968,974 | 844,032 |
| Unrestricted | Restiicted | Total | Total | |||
|---|---|---|---|---|---|---|
| Note | Funds | Funds | Funds | Funds | ||
| 2021 | 2020 | |||||
| Fixed assets | ||||||
| Investments | 7 | 592,434 | 343,299 | 935,733 | 794,383 | |
| Total fixed assets | 392,434 | 343,299 | 933,733 | 794383 | ||
| Current assets | ||||||
| Debtors | 8 | 8,294 | 3,554 | 11,848 | 11,779 | |
| Cash at bank and in hand | 14,664 | 13,026 | 27,690 | 46,063 | ||
| Total current assets | 22,958 | 16,580 | 39,538 | 57,842 | ||
| Creditors: amounts |
falling due within | |||||
| one year | 9 | (2,928) | (3,369) | (6,297) | (8,193) | |
| Net current assets | 20,030 | 13,211 | 33,241 | 49,649 | ||
| Total net assets | 612,464 | 356,510 | 968,974 | 844,032 | ||
| Funds ofthe charity | ||||||
| Restricted income funds | 356,510 | 356,510 | 271,328 | |||
| Unrestricted income |
funds | 612,464 | 612,464 | 572,704 | ||
| Total charity funds | 612,464 | 356,510 | 968,974 | 844,032 |
| Analysis of | Income | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restticted | Total | 2020 | |||
| Funds | Funds | Funds | Total Funds | |||
| Donations | ||||||
| Donations/Legacies | 23 | 23 | ||||
| Income trom | investments | |||||
| Interest received | 1 | I | 3 | |||
| Dividend | income | 12,018 | 15,033 | 27,051 | 33,511 | |
| Rental and leasing income | 38 | 507 | 38,507 | 34 825 | ||
| 50,548 | 15034 | 65,582 | 68,339 |
| Analysis o | fexpenditure | ||||||
|---|---|---|---|---|---|---|---|
| Restricted | Total | 2020 | |||||
| Funds | Funds | Funds | Total Funds | ||||
| Expenditure | on raising funds | ||||||
| Property | expenses | 8,910 | 8,910 | 6 979 | |||
| Expenditure | on charitable | activities | |||||
| Minibus | expenses | 5,056 | 5,056 | 7,745 | |||
| Church | activities | 175 | 175 | 1264 | |||
| 5,231 | 5 231 | 9 009 | |||||
| Donations | and grants (see | note 6) | 36 | 823 | 27,614 | 64,437 | 45417 |
| Support costs | |||||||
| OAice costs | 899 | 266 | 1,165 | 3,414 | |||
| Accountancy | 720 | 720 | 1,440 | 1,440 | |||
| Legal and professional | 359 | 448 | 807 | 2 412 | |||
| 1,978 | 1,434 | 3 412 | 7,266 | ||||
| Total expenditure | 52,942 | 29,048 | 81,990 | 68,671 |
| Details ofcert | ain items | of | expenditure | ||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Fees for the examination | ofthe accounts | ||||
| Independent | examination | fees | 1 440 | 1,440 |
| Grants to | |||
|---|---|---|---|
| Institutions | |||
| Analysis ofgrants paid | |||
| StPeter's Church Council - to assist with loan repayments | 21,717 | ||
| StPeter's Church —for specific maintenance | projects/running | costs | 42,220 |
| StPeter's CofEPrimary School —for pupil | activities | 500 | |
| 64,437 |
| Fixed asse | t investments | t investments | ||||
|---|---|---|---|---|---|---|
| Movement | in fixed asset investments | Listed | Investment | 2020 | ||
| Investments | Properties | Total | Total | |||
| Market value brought | forward | 476,383 | 318,000 | 794,383 | 934,679 | |
| Gain/(loss) | on revaluation | 141,350 | 141330 | ~140+96 | ||
| Market value canied | forward | 617,733 | 318,000 | 933 733 | 794,383 | |
| 2021 | 2020 | |||||
| Investments | at fair value comprised: | |||||
| Listed inveshnents | 617,733 | 476,383 | ||||
| Investment | properties | 318000 | 318000 | |||
| 935,733 | 794,383 |
| Analysis ofcharitable | funds | -previous year | ||||
|---|---|---|---|---|---|---|
| Balance | Investment | Balance | ||||
| B/fwd | Income | Expenditure | Losses/transfers | C/fwd | ||
| f. | ||||||
| StPeters Hostel for Men- | ||||||
| Rcshicted | 357,489 | 18,625 | 16,951 | (87,835) | 271,328 | |
| General reserve - Unrestricted | 627,171 | 49,714 | 51720 | 52,461 | 572,704 | |
| 984,660 | 68,339 | 68,671 | 140,296 | 844,032 |