REGISTERED CHARITY NUMBER: 242231
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 FOR THE CANYNGES SOCIETY
THE CANYNGES SOCIETY
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
| Page | |
|---|---|
| Report of the Trustees | 1 to 5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 to 17 |
| Detailed Statement of Financial Activities | 18 |
THE CANYNGES SOCIETY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (FRS 102 SORP) 'Accounting and Reporting by Charities' issued in 2015.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 242231
Principal address
St Mary Redcliffe Parish Office 12 Colston Parade Bristol BS1 6RA
Trustees
R Clarke (President) N Rylance S Prescott S Willmott D Reynolds P Pratt P Reid E Clarke C Stanley
In addition to the above Officers, the Standing Committee may invite the Vicar (D Tyndall) and Churchwardens of St Mary Redcliffe to attend meetings of the Standing Committee, but they are not Trustees and may not vote.
Independent examiner
Joshua Kingston, BSc. ACA Burton Sweet Limited The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR
Stockbrokers
Smith & Williamson Investment Managers Brewin Dolphin Ltd Portwall House Vantage Point Portwall Lane Woodwater Park, Pynes Hill Bristol Exeter BS1 6NA EX2 5FD
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THE CANYNGES SOCIETY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Canynges Society was formed in 1848, originally to raise funds for the restoration of the Parish Church of St Mary Redcliffe. It is a registered charity, number 242231, and is an unincorporated members' association governed by its rules. The rules were amended by resolutions of the Society's members at the 2008, 2009 and 2015 AGMs. At the 2008 AGM it was resolved to remove "(Friends of St Mary Redcliffe)" from the Society's formal legal name which is now simply "The Canynges Society".
Organisational structure
The management of the Society is vested in a Standing Committee whose members are the charity trustees (listed on page 1).
In accordance with the rules of the Society, its Officers (the Standing Committee) are the President, the immediate Past President and not more than seven other individuals who have been elected at the AGM of the Society. The President is proposed by the Standing Committee and elected at the Annual General Meeting to serve from the conclusion of that meeting until the conclusion of the next Annual General Meeting. The Officers other than the President are elected at the Annual General Meeting in each year.
In addition, there is a membership, consisting of those who contribute a required minimum level to the funds of the Society. Membership is open to all and the minimum donation level required is set at a modest level to facilitate access to membership. Other donors make gifts to the Society on a regular or an occasional basis.
The Standing Committee consists of the Officers of the Society. The members take office from the end of the Annual General Meeting to which their nominations were indicated. The President shall serve for his/her one year term of office and the Immediate Past President shall serve for one year in the year following his/her presidential year. All other members of the Standing Committee shall serve a one year term of office from the AGM at which they were elected to the next AGM. An individual who is eligible and willing may be reelected to not more than two further terms of office as a member of the Standing Committee. At the end of the third term the relevant individual must step down and may not be elected again to the Standing Committee for at least three years.
The Standing Committee meets as required (not less than twice a year).
Trustees are overwhelmingly selected from the business and professional community and are already familiar with both committee work and with charitable fund-raising. On appointment they are provided with details of the charitable purposes, constitution, structure and procedures of the Society.
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THE CANYNGES SOCIETY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
Related organisations
The Society works closely with the following related organisations:
St Mary Redcliffe Parochial Church Council (PCC) (registered charity in England and Wales number 1134120). The PCC is the governing body of this Church of England parish church, and its members are charity trustees.
The PCC's composition, plus its principal role and responsibilities, are set by church law (the Church Representation Rules 2001 and the Parochial Church Councils' (Powers) Measure 1956 and its Appendix 1). The PCC is responsible, with the priest appointed to have charge of the parish, for the church's work in the parish and in the wider world and its participation in the overall life of the church.
St Mary Redcliffe Church Lands Charity (registered charity in England and Wales number 211109) - the charity's objects are to maintain the fabric of St Mary Redcliffe Church, maintain facilities for the conduct of Divine worship in the church and support other charitable purposes in the parish.
Risk management
The Standing Committee confirms that the major risks, to which the Society is exposed, as identified by it, have been reviewed and systems have been established to mitigate these risks. Internal risks are minimised by the implementation of effective internal control procedures, which ensure both appropriate authorisation of all transactions and projects and consistent quality of delivery of all operational aspect of the Society. These procedures are periodically reviewed for their continuing effectiveness.
OBJECTIVES AND ACTIVITIES Charitable purposes
The Society's charitable purposes, for the benefit of the general public, are:
To raise funds with which to give support to the Parish Church of St Mary Redcliffe, Bristol, to make grants from time to time towards the restoration, upkeep and improvements and adornment of the fabric of the church and of the churchyard and of extensions thereto, and to accumulate part thereof in order to make additional grants from time to time towards:
-
a) any major works of restoration which may become necessary;
-
b) the repair, restoration, renovation and replacement of the organ and the ornaments and other fittings and furniture of the Church, and the vestments, books and manuscripts thereof, and in or towards the maintenance of Divine worship therein;
-
c) in or towards the advancement of religion in accordance with the rites of the Church of England; and
-
d) in or towards the advancement of the education of the general public in relation to the Christian faith and the history of both the Church of England and Parish of St Mary Redcliffe.
Activities
As in previous years, the income of the Society is derived partly from a personal appeal launched by the President of the year, and partly from income from the Society's deposits and investments. It is the policy of the Society to make grants that do not exceed the value of its general fund in normal circumstances, and of
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THE CANYNGES SOCIETY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
its designated fund in the case of specific major restoration projects.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Despite the continuing difficult times due to COVID-19 restrictions, and thanks to the dedicated efforts of previous Presidents and the very kind donations of our membership, we have been able to continue supporting the good works of St. Mary Redcliffe by helping maintain the fabric of the church.
Due to the restrictions the AGM was delayed until September to enable it to be held in person in the Church. The Presidents and Standing Committees have continued to meet regularly via digital conferencing.
In 2018 the President raised money to help towards improving the visitor experience of the church and we were able to make a further grant to the PCC of £1,473 to enhance the live streaming equipment installed in the previous year to continue to enable the Church to broadcast services to its wider congregation.
The President's Appeal for 2020-21 had its primary focus on raising funding towards creating a new website with exciting content for the charity and the restoration of the chandelier in the Lady Chapel which were both completed in 2021.The 2021-22 President’s appeal was to support on-going fabric works, which had become more urgent due to delays caused by Covid-19 restrictions, and to help with funding to support the church’s Zero Carbon drive.
Following best practice, during the year the Society carried out a review of its investment management arrangements and invited the current management team and three other providers to answer a detailed questionnaire and be interviewed by 3 Trustees. It was agreed to move to Brewin Dolphin Ltd and this transfer arrangement straddled the year end.
FINANCIAL REVIEW
Results for the year
The charity raised income of £33,310 and incurred expenditure of £26,282 with an overall gain on investments of £108,630 giving a result for the year of a surplus of £115,658. This was made up of a surplus on the unrestricted fund of £117,131 and a deficit on the restricted fund of £1,473.
Reserves policy
The policy of the Standing Committee is to maintain a reserve whereby the unrestricted funds not designated, committed or invested in tangible fixed assets ("the free reserves") held by the charity should be one year's total expenditure, excluding grants, which amounts to £18,617. At this level the Standing Committee feel that it would be able to continue the current level of activities of the charity in the event of a significant reduction in funding. In such circumstances it would clearly be necessary to consider how the funding would be replaced or activities changed accordingly. The free reserves held by the charity amounted to £81,604 at the balance sheet date. This is currently above the target level because funds earmarked for Project 450 have been put on hold due to Covid-19 delays but are likely to be required in the next year.
Principal funding sources
The Society's principal sources of funding are: individual, trust and corporate donations towards the annual appeal; legacies and other donations bequeathed and given for the work of the Society towards its objects; and income and capital growth from the Society's investments and deposits.
Investment policy and objectives
The members of the Standing Committee intend the real value of the Society's assets to be maintained and
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THE CANYNGES SOCIETY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
enhanced over the long term by investment in a portfolio of equities, fixed income stocks and cash deposits. Consistent with this objective, the Trustees wish to obtain a dividend and interest income from the portfolio each year to contribute towards the purposes of the Society. The Society has adopted an ethical investment policy which is in line with current Church of England policy.
FUTURE DEVELOPMENTS
The Society is committed to continue to assist with the maintenance of the fabric of the Church. To that end it is currently supporting the Church to develop the visitor experience and its exciting capital development – Project 450.
Implications of COVID 19 related control measures
The Trustees have considered the going concern status of the charity and conclude that there are no material uncertainties affecting the ability of the charity to continue as a going concern. This has also been considered in the context of Covid-19 and the cash position at the date of signing along with future cash projections.
STATEMENT OF TRUSTEES’ RESPONSIBILITIES
The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed/constitution. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of Trustees on 27 April 2022 and signed on its behalf by:
................................. R Clarke - Trustee
5
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE CANYNGES SOCIETY FOR THE YEAR ENDED 31 DECEMBER 2021
I report to the Trustees on my examination of the accounts of The Canynges Society for the year ended 31 December 2021 set out on pages 7 to 17.
Responsibilities and basis of report
As the charity Trustees of the Charity, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Charity as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Joshua Kingston, BSc. ACA Burton Sweet Limited The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR
Date: 27 April 2022
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THE CANYNGES SOCIETY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| 31.12.21 | 31.12.20 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total funds | Total funds | ||
| funds | funds | ||||
| Notes | £ | £ | £ | £ | |
| Income from: | |||||
| Donations and legacies | 2 | 12,229 | - | 12,229 | 18,947 |
| Investments | 3 | 21,081 | - | 21,081 | 23,068 |
| Total income | 33,310 | - | 33,310 | 42,015 | |
| Expenditure on: | |||||
| Raising funds | 4 | 11,004 | - | 11,004 | 8,863 |
| Charitable activities | 5,6 | 13,805 | 1,473 | 15,278 | 22,569 |
| Total expenditure | 24,809 | 1,473 | 26,282 | 31,432 | |
| NET INCOME/ | 10 | 8,501 | (1,473) | 7,028 | 10,583 |
| (EXPENDITURE) | |||||
| Gains/(losses) on investment assets | 108,630 | - | 108,630 | (13,524) | |
| Net income/(expenditure) and net | 117,131 | (1,473) | 115,658 | (2,941) | |
| movement in assets | |||||
| RECONCILIATION OF FUNDS | |||||
| Total funds brought forward | 927,280 | 75,441 | 1,002,721 | 1,005,662 | |
| TOTAL FUNDS CARRIED | 14,15 | 1,044,411 | 73,968 | 1,118,379 | 1,002,721 |
| FORWARD |
The Charity has no recognised gains or losses other than the results for the year as set out above. All of the activities of the Charity are classed as continuing.
The comparative funds are detailed in Note 15. The notes on pages 9 to 17 form part of these financial statements.
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THE CANYNGES SOCIETY
BALANCE SHEET AS AT 31 DECEMBER 2021
| Notes FIXED ASSETS Investments 11 CURRENT ASSETS Debtors 12 Cash at bank CREDITORS Amounts falling due within one year 13 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 14 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted funds £ 985,918 10,139 51,548 61,687 (3,194) 58,493 1,044,411 1,044,411 |
Restricted funds £ - - 73,968 73,968 - 73,968 73,968 73,968 |
31.12.21 Total funds £ 985,918 10,139 125,516 135,655 (3,194) 132,461 1,118,379 1,118,379 1,044,411 73,968 1,118,379 |
31.12.20 Total funds £ 885,688 |
|---|---|---|---|---|
| 9,717 108,726 |
||||
| 118,443 (1,410) |
||||
| 117,033 | ||||
| 1,002,721 | ||||
| 1,002,721 | ||||
| 927,280 75,441 |
||||
| 1,002,721 |
The financial statements were approved by the Board of Trustees on 27 April 2022 and were signed on its behalf by:
…........................... …........................... R Clarke - Trustee N Rylance - Trustee
The notes on pages 9 to 17 form part of these financial statements.
8
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
THE CANYNGES SOCIETY
1. ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value. The Financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), FRS 102 and the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102.
The Trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern due to accumulated reserves, and there are no significant current or longer-term liabilities, the organisation has significant net assets and reserves. This has been considered in light of Covid-19 and no going concern issues noted.
Income
All income is included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Donations are included in income when they are received, except for significant one-off donations, received after the year end but promised before the year end, in relation to the incumbent president's appeal for that year.
Legacies are included when the charity is advised by the personal representative of an estate that the payment will be made, or property transferred and the amount can be quantified.
Expenditure
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.
Expenditure includes attributable VAT which cannot be recovered.
Grants payable are recognised in the year in which the grant is paid. Commitments made by the Trustees for future grants and charitable expenditure are not of a legally binding nature as they had not been communicated to the recipients and have not been accrued in the accounts. Grants offered subject to conditions which have not been met at the year-end date are noted as
Taxation
The charity is exempt from tax on its charitable activities.
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THE CANYNGES SOCIETY
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2021
1. ACCOUNTING POLICIES (CONTINUED)
Investments
Financial Investments are recognised at market value at the balance sheet date. The statement of financial activities includes the net gains and losses arising on revaluation and disposals
Cash at bank and in hand
Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Creditors
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will proably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the Trustees. Designated funds form part of unrestricted funds and have been identified as being for particular purposes by the Trustees. They are not restricted and can be transferred to general funds at any time at the discretion of the Trustees.
Restricted funds can only be used for the particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
2. DONATIONS AND LEGACIES
| Charitable trusts and corporate donations Individual donations Gift aid Legacies Grant received |
Unrestricted funds £ 1,210 8,071 1,598 350 1,000 12,229 |
Restricted funds £ - - - - - - |
31.12.21 Total £ 1,210 8,071 1,598 350 1,000 12,229 |
31.12.20 Total £ 9,150 8,106 1,691 - - |
|---|---|---|---|---|
| 18,947 |
In 2020, £13,947 of donations and legacies were unrestricted funds and £5,000 were restricted funds.
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THE CANYNGES SOCIETY
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2021
3. INVESTMENT INCOME
| Unrestricted funds £ Dividends receivable 21,024 Bank interest receivable 57 21,081 |
Restricted funds £ - - - |
31.12.21 Total £ 21,024 57 21,081 |
31.12.20 Total £ 22,899 169 |
|---|---|---|---|
| 23,068 |
All investement income was unrestricted funds totalling £23,068 in 2020.
4. RAISING FUNDS
| Unrestricted funds £ Fundraising costs 887 Investment management costs 10,117 11,004 |
Restricted funds £ - - - |
31.12.21 Total £ 887 10,117 11,004 |
31.12.20 Total £ 1,865 6,998 |
|---|---|---|---|
| 8,863 |
All raising funds expenditure was unrestricted funds totalling £8,863 in 2020.
5. CHARITABLE ACTIVITIES - CURRENT YEAR
| Grant making Governance costs (see Note 7) CHARITABLE ACTIVITIES - PRIOR YEAR Grant making Governance costs (see Note 7) |
Direct costs £ 4,078 9,727 13,805 Direct costs £ 477 6,177 6,654 |
Grant funding of activities £ 1,473 - 1,473 Grant funding of activities £ 15,915 - 15,915 |
31.12.21 Total £ 5,551 9,727 |
|---|---|---|---|
| 15,278 | |||
| 31.12.20 Total £ 16,392 6,177 |
|||
| 22,569 |
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THE CANYNGES SOCIETY
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2021
6. GRANTS PAYABLE
The total grants paid to institutions during the year was as follows:
| St Mary Redcliffe PCC - Visitor experience St Mary Redcliffe PCC - Lady Chapel chandelier GOVERNANCE COSTS Honorarium for administration - P Terry Honorarium for accountancy - T Stratton Website costs Software and IT costs Independent examiner's fee Interest payable and similar charges |
31.12.21 £ 1,473 3,720 5,193 31.12.21 Total £ 3,600 900 3,677 445 1,080 25 9,727 |
31.12.20 £ 15,915 - |
|---|---|---|
| 15,915 | ||
| 31.12.20 Total £ 3,600 900 101 591 960 25 |
||
| 6,177 |
7. GOVERNANCE COSTS
8. TRUSTEES' REMUNERATION AND BENEFITS
There were no Trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020. The key management personnel are solely the Trustees.
Trustees' expenses
There were no Trustees' expenses paid or waived for the year ended 31 December 2021 nor for the year ended 31 December 2020.
Trustees' donations
There were no donations from Trustees in the year (2020 Four trustees- £5,505).
9. STAFF COSTS AND NUMBERS
The Society had no employees or staff costs during the year other than the honoraria paid to P Terry for administration and to T Stratton for accountancy as disclosed in Note 7.
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THE CANYNGES SOCIETY
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2021
| 10. NET INCOME/(EXPENDITURE) This is stated after charging: Independent examiner's fee 11. FIXED ASSET INVESTMENTS MARKET VALUE At 1 January 2021 Additions Disposals (proceeds of £84,346 less losses of £9,868) Unrealised gains/(losses) At 31 December 2021 Cash held at Smith & Williamson NET BOOK VALUE At 31 December 2021 At 31 December 2020 |
31.12.21 £ 1,080 |
31.12.20 £ 960 |
|---|---|---|
| Listed Investments £ 847,112 77,540 (74,478) 98,762 |
||
| 948,936 | ||
| 36,982 | ||
| 985,918 | ||
| 885,688 |
There were no investment assets outside the UK. The historical cost of the investments was £684,852 (2020 - £679,547)
12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.12.21 £ Gift aid recoverable and accrued income 10,139 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.21 £ Accruals and deferred income 3,194 |
31.12.20 £ 9,717 |
|---|---|
| 31.12.20 £ 1,410 |
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THE CANYNGES SOCIETY
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2021
14. MOVEMENT IN FUNDS
| At 1.1.21 £ Unrestricted funds General fund 70,989 Designated fund - fabric of SMR 856,291 927,280 Restricted funds North Porch 17,081 Public Access 22,609 Visitor Experience 6,579 Bell fund 10,000 Chatterton Room 19,172 75,441 TOTAL FUNDS 1,002,721 Net movement in funds, included in the above are as follows: Income Expenditure £ £ Unrestricted funds General fund 33,310 (24,809) Designated fund - fabric of SMR - - 33,310 (24,809) Restricted funds North Porch - - Public Access - - Visitor Experience - (1,473) Bell fund - - Chatterton Room - - - (1,473) TOTAL FUNDS 33,310 (26,282) |
Net movement in funds £ 8,501 108,630 117,131 - - (1,473) - - (1,473) 115,658 Gains and (losses) £ - 108,630 108,630 - - - - - - 108,630 |
At 31.12.21 £ 79,490 964,921 |
|---|---|---|
| 1,044,411 | ||
| 17,081 22,609 5,106 10,000 19,172 |
||
| 73,968 | ||
| 1,118,379 | ||
| Movement in funds £ 8,501 108,630 |
||
| 117,131 | ||
| - - (1,473) - - |
||
| (1,473) | ||
| 115,658 |
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THE CANYNGES SOCIETY
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2021
14. MOVEMENT IN FUNDS - continued
| PRIOR YEAR MOVEMENT At 1.1.20 £ Unrestricted funds General fund 49,491 Designated fund - fabric of SMR 869,815 919,306 Restricted funds North Porch 17,081 Public Access 22,609 Visitor Experience 22,494 Bell fund 5,000 Chatterton Room 19,172 86,356 TOTAL FUNDS 1,005,662 Net movement in funds, included in the above are as follows: Income Expenditure £ £ Unrestricted funds General fund 37,015 (15,517) Designated fund - fabric of SMR - - 37,015 (15,517) Restricted funds Bell fund 5,000 - Visitor experience - (15,915) 5,000 (15,915) TOTAL FUNDS 42,015 (31,432) |
Net movement in funds £ 21,498 (13,524) 7,974 - - (15,915) 5,000 - (10,915) (2,941) Gains and (losses) £ - (13,524) (13,524) - - - (13,524) |
At 31.12.20 £ 70,989 856,291 |
|---|---|---|
| 927,280 | ||
| 17,081 22,609 6,579 10,000 19,172 |
||
| 75,441 | ||
| 1,002,721 | ||
| Movement in funds £ 21,498 (13,524) |
||
| 7,974 | ||
| 5,000 (15,915) |
||
| (10,915) | ||
| (2,941) |
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THE CANYNGES SOCIETY
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2021
14. MOVEMENT IN FUNDS - continued
General fund
The general fund is used for the administration costs of the charity and to make grants in pursuance of the objects of the charity.
Designated fund - fabric of SMR
The Trustees have decided to designate these funds for the purpose of maintaining the fabric of St Mary Redcliffe Church for the long term as the needs of this historic building dictate. The Trustees have decided to hold this fund within investments; income is recognised in general funds.
Restricted funds
North Porch represents donations given towards the repair and restoration of the North Porch of the Church, arising from the 2014 President's appeal.
Public Access represents donations given towards repairs to certain elements to enable tours of the Church to take place arising from the 2016 President's appeal.
Visitor Experience represents donations given towards improving the visitor experience through signage and interpretation boards arising from the 2018 President's appeal.
Bell fund is to cover the enhancement and betterment of the full circle ring of bells.
Chatterton Room represents donations given towards the restoration of the Chatterton Room and to develop access to other areas in the Church arising from the 2019 President's appeal.
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THE CANYNGES SOCIETY
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2021
15. PRIOR YEAR FUND COMPARATIVES
| Income from: Donations and legacies Investments Total income Expenditure on: Raising funds Charitable activities Total expenditure NET INCOME/ (EXPENDITURE) Gains/(losses) on investment assets Net income/(expenditure) and net movement in assets RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds £ 13,947 23,068 37,015 8,863 6,654 15,517 21,498 (13,524) 7,974 919,306 927,280 |
Restricted funds £ 5,000 - 5,000 - 15,915 15,915 (10,915) - (10,915) 86,356 75,441 |
31.12.20 Total funds £ 18,947 23,068 |
|---|---|---|---|
| 42,015 | |||
| 8,863 22,569 |
|||
| 31,432 | |||
| 10,583 (13,524) |
|||
| (2,941) 1,005,662 |
|||
| 1,002,721 |
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THE CANYNGES SOCIETY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| INCOME FROM: Donations and legacies Charitable trusts and corporate donations Individual donations Gift aid Grant received Legacies Investment income Dividends receivable Bank interest receivable Total income EXPENDITURE ON: Raising funds Fundraising costs Investment management fees Charitable activities Postage and stationery Honorarium - P Terry Honorarium - T Stratton Website IT costs Independent examiner's fees Bank charges Grant payable - Visitor experience Grant payable - Lady Chapel chandelier Total expenditure NET INCOME/(EXPENDITURE) |
31.12.21 £ 1,210 8,071 1,598 1,000 350 12,229 21,024 57 21,081 33,310 887 10,117 11,004 358 3,600 900 3,677 445 1,080 25 1,473 3,720 15,278 26,282 7,028 |
31.12.20 £ 9,150 8,106 1,691 - - |
|---|---|---|
| 18,947 | ||
| 22,899 169 |
||
| 23,068 | ||
| 42,015 | ||
| 1,865 6,998 |
||
| 8,863 | ||
| 477 3,600 900 101 591 960 25 15,915 - |
||
| 22,569 | ||
| 31,432 | ||
| 10,583 |
This page does not form part of the statutory financial statements.
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