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|Year Ended|31 Dece|mber 2021||
|---|---|---|---|
|Contents|||Page|
|Report ofthe|Trustees|||
|Independent|Examiner's|Report to the Trustees|12|
|Statement
of|Financial|Activities (SOFA)|13|
|Balance Sheet|||14|
|Notes forming|part ofthe financial statements||15|
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|Year Ended 31|December 2021|December 2021|December 2021||||||
|---|---|---|---|---|---|---|---|---|
||||||Restricted|Unrestricted|Total|Total|
|||||Note|Funds|Funds|2021|2020|
||||||||E|K|
|Income|||||||||
|Donations
and legacies||||||71,216|71,216|13,391|
|Income from charitable
activities:|||||||||
|Parish, stipend
and|similar||income|||24,107|24,107|28,760|
|Rental income||||||4,667|4,667|7,232|
|Investment
income||||||30,485|30,485|29,331|
|Other incoming
resources|||||||||
|Total income||||||130,475|130,475|78,714|
|Expenditure|||||||||
|Expenditure
on charitable||activities:||||157,270|157,270|177,012|
|Total expenditure||||||157,270|157,270|177,012|
|Net income I(expenditure)|||for the year||||||
|before investment|gains/(losses)|||||(26,765)|(26,795)|(98,298)|
|Gain /(loss) on investments||||||122,482|122,482|(163,203)|
|Net incomel (expenditure)|||and||||||
|net movement
in|funds for the year|||||95,687|95,687|(261,501)|
|Reconciliation
of|funds||||||||
|Total funds at 1 January 2021||||||2,043,861|2,043,861|2,305,362|
|Total funds at 31|December 2021|||||2,139,548|2,139,548|2,043,861|
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||||||||2021|||2020|
|---|---|---|---|---|---|---|---|---|---|---|
||||||Notes||||||
|Fixed assets|||||||||||
|Tangible||||||||846,374||878,879|
|Investments||||||||881,752||756,467|
||||||||1,728,126|||1,635,346|
|Current assets|||||||||||
|Debtors - due|after||one year||10|501,005|||499,005||
|Cash at bank|and|in hand|||11|13,517|||12,610||
|||||||514,522|||511,615||
|Current
liabilities|||||||||||
|Creditors: amounts|||falling due||within||||||
|one year|||||12|(3,100)|||(3,100)||
|Net current assets||||||||511,422||508,515|
|Total assets|less|current||liabilities|||2,239,548|||2,143,861|
|Creditors:
falling due after|||||||||||
|more than one year|||||||(100,000)|||(100,000)|
|Net assets|||||||2,139,548|||2,043,861|
|The funds of|the|charity:|||||||||
|Unrestricted|funds||||||||||
|General
fund|||||||2,139,548|||2,043,861|
|Total charity|funds||||||2,139,548|||2,043,861|
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|Donations
and legacies|||||
|---|---|---|---|---|
||Restricted|General|2021|2020|
||Fund|Fund|Total|Total|
|||E||K|
|Donations||47,450|47,450|13,391|
|Legacies||23,766|23,766||
|||71,216|71,216|13,391|
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|Incoming resources from a|ctivities
in furtherance
oft|he charity's|objects||
|---|---|---|---|---|
||Restricted|General|2021|2020|
||Fund|Fundf|Total|Total|
|Parish income||7,341|7,341|3,680|
|Stipends||4,184|4,184|1,442|
|Stole Fees||1,016|1,016|3,101|
|Chaplaincies||11,566|11,566|20,537|
|||24,107|24,107|28,760|
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|||Restricted|General|2021|2020|
|---|---|---|---|---|---|
|||Fund|Fundf|Total|Totalf|
|Bank interest|||950|950|1,476|
|Dividends|and interest on listed investments||29,535|29,535|27,855|
||||30,485|30,485|29,331|
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|r Ended 31 December 202|r Ended 31 December 202|1|||||
|---|---|---|---|---|---|---|
|Costs of prayer, chaplaincy||and pastoral|work||||
||||Restricted|General|2021|2020|
||||Fund|Fund|Total|Total|
||||||E||
|Salaries||||29,647|29,647|23,256|
|Fathers' allowances||||6,970|6,790|9,610|
|Office Costs||||3,031|3,031|2,877|
|Food||||14,324|14,324|15,846|
|Chapel and books||||367|367|547|
|Advertising|||||||
|Travel||||9,790|9,790|1,400|
|Motor||||2,610|2,610|3,309|
|Household||||2,417|2,417|3,251|
|Rates||||1,307|1,307|1,511|
|Energy||||4,122|4,122|5,065|
|Repairs and|maintenance|||8,206|8,206|3,119|
|Insurance||||14,778|14,778|28,723|
|Donations||||3,734|3,734|5,816|
|Sundries||||12,014|12,014|11,983|
|Retreat|||||||
|Depreciation||||32,505|32,505|33,367|
|St Rita's Centre|||||||
|Bank charges||||||122|
|Cost offunerals||||||834|
|Other||||7,208|7,208|20,425|
|Governance|Costs (See Note 7)|||4,240|4,240|5,951|
|Total expenditure||||157,270|157,270|177,012|
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|Governance|costs||||||
|---|---|---|---|---|---|---|
||||Restricted|General|2021|2020|
||||Fund|Fund|Total|Total|
||||||E|K|
|Accountancy|services (incl. VAT)|||1,800|1,800|1,800|
|Independent|examiner's|fee (incl.VAT)||1,300|1,300|1,300|
|Legal fees||||1,140|1,140|2,851|
|Total expenditure||||4,240|4,240|5,951|
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|Tangible F||ixed ass|ets|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||Fixtures||
|||||||Freehold|||Motor|and||
|||||||property|||vehicles|equipment|Total|
||||||||||||K|
|Cost||||||||||||
|At 1 January||2021||||1,471,000|||70,109|65,934|1,607,043|
|Additions||||||||||||
|At 31 December 2021||||||1,471,000|||70,109|65,934|1,607,043|
|Depreciation||||||||||||
|At 1 January||2021|||||607,220||61,940|59,004|728,164|
|Charge for year|||||||29,420||2,043|1,042|32,505|
|At 31 December 2021|||||||636,640||63,983|60,046|760,669|
|Net book amounts||||||||||||
|At 31 December 2021|||||||834,360||6,126|5,888|846,374|
|At 31 December 2020|||||||863,780||8,169|6,930|878,879|
|The deemed||cost offreehold||properties||comprises||||||
|18Cheniston||Gardens|||||||||850,000|
|St.Anthony's||Church|and former Presbytery||||and Car park||Mill Street,|Ottery St Mary,|Devon|
||||||||||||225,000|
|St.Austin's|Priory and||Church,||Cadleigh,|Ivybridge,||Devon|||356,000|
|Improvements||at 18Cheniston|||Gardens|-2008|||||40,000|
||||||||||||1,471,000|
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||||Market|Additions|Movement|Market|
|---|---|---|---|---|---|---|
||||Value 1Jan||in year|Value 31|
||||2021|||Dec 2021|
|Quoted|Investments|||||E|
|M 8 G|Charifund|Income units|416,036||125,538|541,574|
|M 8 G|Charibond|Income shares|186,366||(3,056)|183,310|
||||602,402||122,482|724,884|
|Other Investments|||||||
|National|Savings||145,057|||145,382|
|Lloyds|High Interest Account||9,008|||11,486|
||||154,065|||156,868|
|Total|||756,467|||881,752|
||||Market|Additions|Movement|Market|
|---|---|---|---|---|---|---|
||||Value 1Jan||in year|Value 31|
|Quoted|Investments||2020f|||Dec 2020f|
|M 8 G|Charifund|Income units|577,938||(161,902)|416,036|
|M 8 G|Charibond|Income shares|187,667||(1,301)|186,366|
||||765,605||(163,203)|602,402|
|Other Investments|||||||
|National|Savings||144,700|||145,057|
|Lloyds|High Interest Account||69,097|||9,008|
||||213,797|||154,065|
|Total|||979,402|||756,467|
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|||||
|---|---|---|---|
|Debtors —due after more|than one year|2021|2020|
||||F|
|Loan to Order ofAugustinian|Recollects - St Rita's Centre charity|501,005|499,005|
|||501,005|499,005|
||During the year, the interest free loan to the Order ofAugustinian|Recollects StRita's Centre (aconnected|Recollects StRita's Centre (aconnected|
|---|---|---|---|
||charity) increased
by E2,000 to F501,005. This will be repaid as soon as funds are available||to do so.|
|11.|Cash at Bank and in Hand|2021|2020|
||Current accounts|13,517|12,610|
|12.|Creditors:
Falling Due Within One Year|2021|2020|
||Due to Hispanic
Chaplaincy|||
||Accruals|3,100|3,100|
|||3,100|3,100|
|13.|Creditors:
Falling Due After More Than One Year|2021|2020|
||Building
loan|100,000|100,000|
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