REGISTERED CHARITY NUMBER: 244136
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31st December 2020
for
Congleton Inclosure Trust
Hammond McNulty LLP Bank House Market Square Congleton Cheshire CW12 1ET
Congleton Inclosure Trust
Contents of the Financial Statements for the Year Ended 31st December 2020
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Balance Sheet | 7 | ||
| Notes to the Financial Statements | 8 | to | 15 |
| Detailed Statement of Financial Activities | 16 | to | 17 |
Congleton Inclosure Trust
Report of the Trustees for the Year Ended 31st December 2020
The trustees present their report with the financial statements of the charity for the year ended 31st December 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
Subject to the payment of expenses incidental to the management of the Charity, the Trustees shall apply the income of the Charity in the area of benefit, for any of the following purposes:
a) The prevention or relief of poverty.
b) The advancement of education.
c) The advancement of health or the saving of lives.
d) The advancement of citizenship or community development.
e) The advancement of the arts, culture, heritage or science.
f) The advancement of sport.
g) The advancement of environmental protection and improvement.
h) The relief of those in need, by reason of youth, age, ill health, disability, financial hardship or other disadvantage.
Area of benefits
The area generally meant that of the Borough of Congleton, as constituted on the 31st March 1974 update and based on the ordinance survey map No.100049045/2019.
This area incorporated the Town Centre, Buglawton, Timbersbrook, Mossley, Lower Heath, and West Heath.
Additionally, included in the area are the bordering Cheshire Parishes of Newbold Astbury, Hulme Walfield, Eaton, North Rode, Bosley and Somerford.
Grantmaking
Applications for grants are considered by a grants committee comprising the Chairman and three other Trustees sitting on a rota basis who meet in the weeks prior to the quarterly meetings of the Trust held in January, April, July and October. They enquire into all such applications which have been made on an application and monitoring form supplied by the Trust. A report is then made to all the Trustees whose decisions are acted upon by the Secretary and the Treasurer following each quarterly meeting.
ACHIEVEMENT AND PERFORMANCE
The Trustees have in accordance with the Scheme made grants during the year amounting to £109,210 to twenty two organisations and good causes (as detailed in note 3 of the financial statements) for the benefit of the inhabitants of the area of benefit.
Net assets as at 31 December 2020 increased to £5,196,468 compared with £5,048,175 on 31 December 2019. Incoming resources in 2020 decreased to £118,195 compared with £137,210 in 2019.
FINANCIAL REVIEW
Reserves policy
After providing sufficient funds to cover all management and administration the Trustees regard the remaining incoming resources as the free reserves of the Trust and available for the general purpose of making grants in accordance with the stated objectives of the Trust.
Page 1
Congleton Inclosure Trust
Report of the Trustees for the Year Ended 31st December 2020
FINANCIAL REVIEW
Financial Policy
The Trustees have prepared an Investment Policy Statement which provides guidance as to how the asset management functions which are delegated by the Trustees to Brewin Dolphin, should be exercised.
Investment objective
The Trustees intend that the real value of their assets should be maintained and enhanced over the long term by investment in a portfolio comprising equities fixed income stocks and cash.
Investment brief
In order to meet these objectives the Trustees have appointed Brewin Dolphin as their agent to manage a diversified portfolio of suitable investments on a discretionary basis. The Trustees have selected a balanced investment objective with medium risk. The proportions invested in equities fixed income stocks and cash are reviewed on a regular basis by Brewin Dolphin to provide guidance on the suitability of that element of investment policy.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The Congleton Inclosure Trust is an unincorporated Charity registered with the Charity Commission under (No 244136). The Trust was constituted in accordance with the provisions of the Congleton Inclosure Act 1795 which was "an act for dividing and leasing or letting certain commons or waste grounds within the borough and township of Congleton in the County of Chester and for applying the profits or part of the same in aid of the poor rate and other taxes or public expenses within the said township"
Recruitment and appointment of new trustees
Thirteen competent persons shall form the Trustees who shall be persons who through residence, occupation, employment or otherwise, have special knowledge of the area of benefit. On approval by the existing Trustees an individual will be appointed for five years, extensions for further periods of five years will require Trustee approval. An individual shall on appointment at the first meeting sign the minutes as a declaration of acceptance and willingness to act for the Charity.
A Trustee shall cease to be a Trustee if they are: -
{a} disqualified from acting as a Trustee by virtue of any provision of the Charities Act 2011 (as amended or replaced)
{b} in the opinion of a majority of the Trustees unable to manage their affairs due to illness, injury or such disabilities.
{c} in the opinion of the majority of Trustees absent, without good reason, from a number of meetings over a period of time.
{d} giving not less than one month’s notice of their intention to resign
Officers
The Trustees at each Annual General Meeting (AGM) shall elect a Chair, Vice Chair, Treasurer and Investment Committee Chair. The maximum an Officer can hold the same position is for five years in any ten-year period.
The Charity may choose to make appointments of varying amounts of time to fulfil particular functions such as Secretary, Press Officer, Grants Committee and Investment Committee. A proposer and seconder are required to nominate any officer or appointment for approval by a simple majority of Trustees present and voting.
Organisational structure
The Trust have established an Investment Committee to advise and liaise directly with Brewin Dolphin. The Trustees on this committee are J Beardmore, J Davies, D Gibbons and A N Curwen.
Page 2
Congleton Inclosure Trust
Report of the Trustees for the Year Ended 31st December 2020
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
244136
Principal address Congleton Town Hall High Street Congleton Cheshire CW12 1BN
Trustees
Mrs J E Goodier (Chair) (Co-opted - re-appointed for 5 years from 31 October 2018) K S Wainwright (Co-opted - re-appointed for 5 years from 30 January 2018) J W Beardmore (Co-opted - re-appointed for 5 years from 31 October 2018) Mrs B C Cook (Elected 28th October 2020 Co-opted for 5 years) J S Davies (Co-opted for 5 years from 27 October 2020) D L Boon (Co-opted for 5 years from 28 October 2015) Resigned 28th October 2020 D Gibbons (Co-opted for 5 years from 26 July 2016) Mrs J I Hollins (Co-opted for 5 years from 25 April 2017) A N Curwen (Co-opted for 5 years from 26th July 2016) S Raw-Rees (Co-opted for 5 years from 31st October 2018) J R Hulse (Elected 28th October 2020 Co-opted for 5 years) D Beech (Elected 28th October 2020 Co-opted for 5 years) Mrs P Newman (Elected 28th October 2020 Co-opted for 5 years)
Independent Examiner
Hammond McNulty LLP Bank House Market Square Congleton Cheshire CW12 1ET
Page 3
Congleton Inclosure Trust
Report of the Trustees for the Year Ended 31st December 2020
REFERENCE AND ADMINISTRATIVE DETAILS President
D A Daniel M.B.E.
Secretary
Ms Jo Money Inclosure Trust Town Hall Congleton Cheshire CW12 1BN
Bankers
National Westminster Bank Plc 46 High Street Congleton Cheshire CW12 1BE
Investment Managers
Brewin Dolphin 12 Smithfield Street London EC1A 9BD
Solicitor
Myers Solicitors Ltd 33-43 Price Street Burslem Stoke on Trent ST6 4EN
Registered Address
Congleton Inclosure Trust Town Hall High Street Congleton Cheshire CW12 1BN
www.congletoninclosuretrust.org.uk info@congletoninclosuretrust.org.uk
Approved by order of the board of trustees on 28th April 2021 and signed on its behalf by:
Mrs J E Goodier - Trustee
Page 4
Independent Examiner's Report to the Trustees of Congleton Inclosure Trust
Independent examiner's report to the trustees of Congleton Inclosure Trust
I report to the charity trustees on my examination of the accounts of Congleton Inclosure Trust (the Trust) for the year ended 31st December 2020.
Responsibilities and basis of report
As the charity trustees of the Trust 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 Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all 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 Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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.
Colin Higginson FCCA, FMAAT Hammond McNulty LLP Bank House Market Square Congleton Cheshire CW12 1ET
28th April 2021
Page 5
Congleton Inclosure Trust
Statement of Financial Activities
for the Year Ended 31st December 2020
| Notes VOLUNTARY INCOME FROM Other trading activities 2 Investment income 3 Total EXPENDITURE ON Raising funds 4 Charitable activities Grants Other Total Net gains on investments NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
31/12/20 Unrestricted fund £ - 118,195 118,195 28,803 109,210 9,026 147,039 177,137 148,293 5,048,175 5,196,468 |
31/12/19 Total funds £ 46 137,164 |
|---|---|---|
| 137,210 30,006 91,014 14,483 |
||
| 135,503 609,640 |
||
| 611,347 4,436,828 |
||
| 5,048,175 |
The notes form part of these financial statements
Page 6
Congleton Inclosure Trust
Balance Sheet
31st December 2020
| Notes FIXED ASSETS Tangible assets 9 Investments 10 CURRENT ASSETS Debtors 11 Cash at bank CREDITORS Amounts falling due within one year 12 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 13 Unrestricted funds TOTAL FUNDS |
31/12/20 31/12/19 Unrestricted Total fund funds £ £ 42 62 5,034,193 4,877,237 5,034,235 4,877,299 457 417 163,157 171,838 163,614 172,255 (1,381) (1,379) 162,233 170,876 5,196,468 5,048,175 5,196,468 5,048,175 5,196,468 5,048,175 5,196,468 5,048,175 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 28th April 2021 and were signed on its behalf by:
J E Goodier - Trustee
The notes form part of these financial statements
Page 7
Congleton Inclosure Trust
Notes to the Financial Statements for the Year Ended 31st December 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
Going Concern
The trustees have considered the potential impact of COVID-19 on the principal activities of the charity and they believe that they have sufficient resources in place to operate for the foreseeable future. Thus, they continue to adopt the going concern basis of accounting in preparing the financial statements.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment
- 33% on reducing balance
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for 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.
continued...
Page 8
Congleton Inclosure Trust
| Notes to the Financial Statements- continued for the Year Ended 31st December 2020 2. OTHER TRADING ACTIVITIES Book sales 3. INVESTMENT INCOME Rents, Wayleave & Fees Investment Dividends & Interest 4. RAISING FUNDS Investment management costs Support costs 5. GRANTS PAYABLE Grants |
31/12/20 £ - 31/12/20 £ 1,794 116,401 118,195 31/12/20 £ 28,803 31/12/20 £ 109,210 |
31/12/19 £ 46 31/12/19 £ 766 136,398 |
|---|---|---|
| 137,164 | ||
| 31/12/19 £ 30,006 31/12/19 £ 91,014 |
continued...
Page 9
Congleton Inclosure Trust
Notes to the Financial Statements - continued for the Year Ended 31st December 2020
5. GRANTS PAYABLE - continued
The total grants paid to institutions during the year was as follows:
| Act It Out Advanced Drivers Group Air Training Corps Astbury Mere Trust Asthma Relief Back to Back Gardens Beartown Patchworkers Bradwell Court Cheshire Learning Partnership Christmas Lantern Workshops Congleton Building Preservation Trust Congleton Community Partnership - The Old Saw Mill Congleton Community Projects Congleton Community Transport Partnership Congleton Coronation Bowling Club Congleton Cricket Club Congleton Food and Drink Festival Congleton Harriers Congleton Jazz & Blues Festival Congleton Musical Theatre Congleton Pentecostal Church Congleton Pride Charitable Trust Congleton R.U.F.C. Congleton Town Council (Partnership) Congleton Town Football Club Congleton Triathlon Congleton Unplugged Congleton Youth Forum Congleton Youth Orchestra Daneside Theatre Dane Valley Swimming Club Donna Louise Trust Congleton Bowling Club East Cheshire Hospice Eaton Bank Academy Electric Picture House Elizabeth's Group Friends for Leisure Friends of Congleton Park Guide Dogs For The Blind Mossley Cricket Club New Life Church PBC Foundation Rode Hall Silver Band Ruby's Fund Scouts Explorer Jamboree SOL Theatre School Somerford Parish Council United Reform Church Symphonia Vebum Orchestra |
31/12/20 £ 1,896 - - 15,000 1,140 - - - 4,098 - 3,250 2,444 532 - - - - - - - - - 4,000 - - - 800 800 - - - 1,000 100 10,000 20,000 2,400 - - - 500 - 4,500 - - 30,000 600 - 5,000 800 350 109,210 |
31/12/19 £ 1,800 960 5,000 10,000 570 300 350 210 - 720 - 1,500 - 1,000 500 200 1,250 919 400 2,500 10,000 500 - 10,300 10,000 700 400 - 800 1,259 500 1,000 - 5,000 - 420 10,000 1,500 300 - 1,200 1,740 116 600 - - 1,000 - 5,000 - |
|---|---|---|
| 90,514 |
continued...
Page 10
Congleton Inclosure Trust
Notes to the Financial Statements - continued for the Year Ended 31st December 2020
5. GRANTS PAYABLE - continued
The total grants paid to individuals during the year was as follows:
| 31/12/20 | 31/12/19 | |||||
|---|---|---|---|---|---|---|
| £ | £ | |||||
| Jack Schofield | - | 500 | ||||
| 6. | SUPPORT COSTS | |||||
| Information | Governance | |||||
| Management | technology | costs | Totals | |||
| £ | £ | £ | £ | |||
| Investment management costs | 28,803 | - | - | 28,803 | ||
| Other resources expended | 1,225 | 21 | 7,780 | 9,026 | ||
| 30,028 | 21 | 7,780 | 37,829 | |||
| Support costs, included in the above, are as follows: | ||||||
| Management | ||||||
| 31/12/20 | 31/12/19 | |||||
| Investment | Other | |||||
| management | resources | Total | Total | |||
| costs | expended | activities | activities | |||
| £ | £ | £ | £ | |||
| Computer Expenses | - | 126 | 126 | 407 | ||
| Insurance | - | 438 | 438 | - | ||
| Annual Luncheon & Refreshments | - | - | - | 400 | ||
| Telephone, Postage, Books & Stationery | - | 124 | 124 | 410 | ||
| Professional & Legal Fees | - | 158 | 158 | - | ||
| Sundries | - | 379 | 379 | 310 | ||
| Portfolio management fees | 28,803 | - | 28,803 | 30,006 | ||
| 28,803 | 1,225 | 30,028 | 31,533 | |||
| Information technology | ||||||
| 31/12/20 | 31/12/19 | |||||
| Other | ||||||
| resources | Total | |||||
| expended | activities | |||||
| £ | £ | |||||
| Depreciation of tangible fixed assets | 21 | 31 |
continued...
Page 11
Congleton Inclosure Trust
Notes to the Financial Statements - continued for the Year Ended 31st December 2020
6. SUPPORT COSTS - continued Governance costs
| SUPPORT COSTS - continued Governance costs |
||
|---|---|---|
| 31/12/20 | 31/12/19 | |
| Other | ||
| resources | Total | |
| expended | activities | |
| £ | £ | |
| Accountancy | 1,380 | 6,180 |
| Secretary fees | 6,000 | 6,000 |
| Chief rent admin fees | 400 | 745 |
| 7,780 | 12,925 |
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31st December 2020 nor for the year ended 31st December 2019.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31st December 2020 nor for the year ended 31st December 2019.
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |
|---|---|
| VOLUNTARY INCOME FROM Other trading activities Investment income Total EXPENDITURE ON Raising funds Charitable activities Grants Other Total Net gains on investments NET INCOME RECONCILIATION OF FUNDS Total funds brought forward |
Unrestricted fund £ 46 137,164 |
| 137,210 30,006 91,014 14,483 |
|
| 135,503 609,640 |
|
| 611,347 4,436,828 |
continued...
Page 12
Congleton Inclosure Trust
Notes to the Financial Statements - continued for the Year Ended 31st December 2020
| 8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued TOTAL FUNDS CARRIED FORWARD 9. TANGIBLE FIXED ASSETS COST At 1st January 2020 and 31st December 2020 DEPRECIATION At 1st January 2020 Charge for year At 31st December 2020 NET BOOK VALUE At 31st December 2020 At 31st December 2019 10. FIXED ASSET INVESTMENTS MARKET VALUE At 1st January 2020 Additions Disposals Realised Investment Gains/ (Losses) Net Unrealised Investment Gains/(Losses) At 31st December 2020 NET BOOK VALUE At 31st December 2020 At 31st December 2019 Investment assets consist of: |
Unrestricted fund £ |
|
|---|---|---|
| 5,048,175 | ||
| Computer equipment £ 689 627 20 647 42 62 Listed investments £ 4,877,237 141,123 (161,304) (20,204) 197,341 5,034,193 5,034,193 4,877,237 |
||
| 50.7% | UK |
|---|---|
| 6.6% | Europe |
| 26.4% | North America |
| 3.4% | Japan |
| 7.0% | Asia Pacific |
| 2.4% | Emerging Markets |
| 3.4% | Global Investments |
continued...
Page 13
Congleton Inclosure Trust
| Notes to the Financial Statements- continued for the Year Ended 31st December 2020 11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Chief Rents 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors 13. MOVEMENT IN FUNDS At 1/1/20 £ Unrestricted funds General fund 5,048,175 TOTAL FUNDS 5,048,175 Net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 118,195 (147,039) TOTAL FUNDS 118,195 (147,039) Comparatives for movement in funds At 1/1/19 £ Unrestricted funds General fund 4,436,828 TOTAL FUNDS 4,436,828 |
31/12/20 £ 457 31/12/20 £ 1,381 Net movement in funds £ 148,293 148,293 Gains and losses £ 177,137 177,137 Net movement in funds £ 611,347 611,347 |
31/12/19 £ 417 31/12/19 £ 1,379 At 31/12/20 £ 5,196,468 5,196,468 Movement in funds £ 148,293 148,293 At 31/12/19 £ 5,048,175 5,048,175 |
|
|---|---|---|---|
continued...
Page 14
Congleton Inclosure Trust
Notes to the Financial Statements - continued for the Year Ended 31st December 2020
13. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming Resources resources expended £ £ Unrestricted funds General fund 137,210 (135,503) TOTAL FUNDS 137,210 (135,503) A current year 12 months and prior year 12 months combined position is as follows: At 1/1/19 £ Unrestricted funds General fund 4,436,828 TOTAL FUNDS 4,436,828 |
Incoming Resources resources expended £ £ Unrestricted funds General fund 137,210 (135,503) TOTAL FUNDS 137,210 (135,503) A current year 12 months and prior year 12 months combined position is as follows: At 1/1/19 £ Unrestricted funds General fund 4,436,828 TOTAL FUNDS 4,436,828 |
Gains and losses £ 609,640 609,640 Net movement in funds £ 759,640 759,640 |
Movement in funds £ 611,347 611,347 At 31/12/20 £ 5,196,468 5,196,468 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 255,405 255,405 |
Resources expended £ (282,542) (282,542) |
Gains and Movement losses in funds £ £ 786,777 759,640 786,777 759,640 |
|---|---|---|---|
14. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31st December 2020.
Page 15
Congleton Inclosure Trust
| Detailed Statement of Financial Activities | ||
|---|---|---|
| for the Year Ended 31st December 2020 | ||
| 31/12/20 | 31/12/19 | |
| £ | £ | |
| VOLUNTARY INCOME | ||
| Other trading activities | ||
| Book sales | - | 46 |
| Investment income | ||
| Rents, Wayleave & Fees | 1,794 | 766 |
| Investment Dividends & Interest | 116,401 | 136,398 |
| 118,195 | 137,164 | |
| Total incoming resources | 118,195 | 137,210 |
| EXPENDITURE | ||
| Charitable activities | ||
| Grants to institutions | 109,210 | 90,514 |
| Grants to individuals | - | 500 |
| 109,210 | 91,014 | |
| Support costs | ||
| Management | ||
| Computer Expenses | 126 | 407 |
| Insurance | 438 | - |
| Annual Luncheon & Refreshments | - | 400 |
| Telephone, Postage, Books & Stationery | 124 | 410 |
| Professional & Legal Fees | 158 | - |
| Sundries | 379 | 310 |
| Portfolio management fees | 28,803 | 30,006 |
| 30,028 | 31,533 | |
| Information technology | ||
| Computer equipment depreciation | 21 | 31 |
| Governance costs | ||
| Accountancy | 1,380 | 6,180 |
| Secretary fees | 6,000 | 6,000 |
| Chief rent admin fees | 400 | 745 |
| 7,780 | 12,925 | |
| Total resources expended | 147,039 | 135,503 |
| Net (expenditure)/income before gains and | ||
| losses | (28,844) | 1,707 |
This page does not form part of the statutory financial statements
Page 16
Congleton Inclosure Trust
Detailed Statement of Financial Activities for the Year Ended 31st December 2020
| 31/12/20 | 31/12/19 | |
|---|---|---|
| £ | £ | |
| Realised recognised gains and losses | ||
| Realised Gains/(losses) on fixed asset | ||
| investments | (20,204) | 13,581 |
| Net (expenditure)/income | (49,048) | 15,288 |
This page does not form part of the statutory financial statements
Page 17