**REGISTERED CHARITY NUMBER: 244136** ## **Report of the Trustees and** **Unaudited Financial Statements for the Year Ended 31st December 2021** **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 2021** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|6| |**Independent Examiner's Report**||7|| |**Statement of Financial Activities**||8|| |**Balance Sheet**||9|| |**Notes to the Financial Statements**|10|to|17| |**Detailed Statement of Financial Activities**||18|| **Congleton Inclosure Trust** ## **Report of the Trustees for the Year Ended 31st December 2021** The trustees present their report with the financial statements of the charity for the year ended 31st December 2021. 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. ## **Public benefit** The trustees have complied with their duty to have due regard for the guidance on the public benefit issued by the Charity Commission. ## **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. Page 1 **Congleton Inclosure Trust** ## **Report of the Trustees for the Year Ended 31st December 2021** ## **ACHIEVEMENT AND PERFORMANCE** ## **Charitable activities** The Inclosure trust is a responsive funder in that all the grants go to support organisations who apply for funding rather than the trust seeking out good causes to donate to. The Trustees have in accordance with the Scheme made grants during the year amounting to £75,013 to twenty-five organisations and good causes (as detailed in note 5 of the financial statements) for the benefit of the inhabitants of the area of benefit. These include the following organisations: Relief of those in need by reason of youth, age, ill health disability financial hardship or other disadvantage East Cheshire Hospice - compassionate work helping those with life limiting illnesses and their families. Marie Curie - Care and support at the end of life Guide Dogs for the Blind - Transforming the lives of someone who is blind or partially sighted. Beartown Rickshaw - Helping people with limited mobility or social isolation Friends For Leisure - Helping disabled children and young people enjoy friendship and leisure ## Health or the saving of lives Asthma relief - provision of nebulisers ## Prevention or relief of poverty New Life Church - The Storehouse is a free Food Bank in Congleton for emergency or extreme hardship situations. The Green Tree House - Social supermarket newly opened in Congleton ## Advancement of education Cheshire Learning Partnership - Work clubs for those seeking employment as well as qualifications and courses Dane Valley Scouts - helping young people achieve their full physical, intellectual, and spiritual potential through activities and challenges ## Advancement of arts, culture, heritage, or science Congleton Building Preservation Trust - Maintaining and restoring Congleton Bath House and Physic Garden Electric Picture House - Providing affordable studio space for artists and running workshops exhibitions and other events Elizabeth's Group - Spreading the word about Elizabeth Wolstenholme Elmy and her contribution to women's rights, and creating a statue of her in the centre of Congleton Rotary Club Bonfire - An annual event in Congleton Park with a fantastic fireworks display helping raise funds for Rotary charities Congleton Community Projects & Congleton Community Trust - Christmas Light Switch on and Lantern parade, Congleton Food & drink festival Friends of Congleton Park - A Community Group to help develop and look after Congleton Park Congleton Community Partnership - Funding for The Old Saw Mill a community centre run by volunteers providing a café and meeting rooms for local organisations and community fruit juice/cider produced from locally donated fruit. Congleton Live - Congleton Jazz and Blues and Congleton unplugged music festivals Congleton Pentecostal Church - building repairs to areas of the church used for the community to improve safety or access Page 2 **Congleton Inclosure Trust** ## **Report of the Trustees for the Year Ended 31st December 2021** St James the Great Church - building repairs to areas of the church used for the community to improve safety or access ## The advancement of environmental protection and improvement Dane Valley Community Energy: construction of hydro power generator on the river Dane to increase renewable energy decreasing carbon emissions with minimal impact on the eco system of the river. ## The advancement of sport Eaton bank Academy - construction of an artificial pitch for the community Congleton R.U.F.C. - To refurbish the club and changing rooms. Congleton Harriers - promoting and enjoying all forms of running for the social aspect, keeping fit, and to compete in races. Net assets as at 31 December 2021 increased to £5,828,541 compared with £5,196,468 on 31 December 2020. Incoming resources in 2021 increased to £124,220 compared with £118,195 in 2020. ## **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. ## **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" Page 3 **Congleton Inclosure Trust** ## **Report of the Trustees for the Year Ended 31st December 2021** ## **STRUCTURE, GOVERNANCE AND MANAGEMENT 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, and, A N Curwen. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 244136 ## **Principal address** Congleton Town Hall High Street Congleton Cheshire CW12 1BN Page 4 **Congleton Inclosure Trust** ## **Report of the Trustees for the Year Ended 31st December 2021** ## **Trustees** Mrs J E Goodier (Chair) (Co-opted - re-appointed for 5 years from 31 October 2018) J S Davies (Vice-Chair) (Co-opted for 5 years from 27 October 2020) 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) D L Boon (Co-opted for 5 years from 28 October 2015) Resigned 28th April 2021 D Gibbons (Co-opted for 5 years from 26 July 2016) Deceased 06 November 2021 Mrs J I Hollins (Co-opted for 5 years from 25 April 2017) A N Curwen (Co-opted - re-appointed for 5 years from 31 January 2022) 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) Mrs A Cook (Elected 21st October 2021 Co-opted for 5 years) ## **Independent Examiner** Hammond McNulty LLP Bank House Market Square Congleton Cheshire CW12 1ET Page 5 **Congleton Inclosure Trust** **Report of the Trustees for the Year Ended 31st December 2021** ## **REFERENCE AND ADMINISTRATIVE DETAILS President** D A Daniel M.B.E. (deceased 13 January 2021) ## **Secretary** Ms Jo Money Congleton 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 27th April 2022 and signed on its behalf by: Mrs J E Goodier - Trustee Page 6 **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 2021. ## **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: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. 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 27th April 2022 Page 7 **Congleton Inclosure Trust** ## **Statement of Financial Activities** ## **for the Year Ended 31st December 2021** |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**|**31/12/21**
**Unrestricted**
**fund**
**£**
**35**
**124,185**
**124,220**
**32,369**
**75,013**
**9,609**
**116,991**
**624,844**
**632,073**
**5,196,468**
**5,828,541**|31/12/20
Total
funds
£
-
118,195| |---|---|---| |||118,195
28,803
109,210
9,026| |||147,039
177,137| |||148,293
5,048,175| |||5,196,468| The notes form part of these financial statements Page 8 **Congleton Inclosure Trust** ## **Balance Sheet** ## **31st December 2021** |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**|**31/12/21**
31/12/20
**Unrestricted**
Total
**fund**
funds
**£**
£
**28**
42
**5,520,288**
5,034,193
**5,520,316**
5,034,235
**457**
457
**309,148**
163,157
**309,605**
163,614
**(1,380)**
(1,381)
**308,225**
162,233
**5,828,541**
5,196,468
**5,828,541**
5,196,468
**5,828,541**
5,196,468
**5,828,541**
5,196,468| |---|---| The financial statements were approved by the Board of Trustees and authorised for issue on 27th April 2022 and were signed on its behalf by: J E Goodier - Trustee The notes form part of these financial statements Page 9 **Congleton Inclosure Trust** ## **Notes to the Financial Statements** ## **for the Year Ended 31st December 2021** ## **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 10 **Congleton Inclosure Trust** ## **Notes to the Financial Statements - continued for the Year Ended 31st December 2021** |**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|**31/12/21**
**£**
**35**
**31/12/21**
**£**
**3**
**124,182**
**124,185**
**31/12/21**
**£**
**32,369**
**31/12/21**
**£**
**75,013**|31/12/20
£
-
31/12/20
£
1,794
116,401| |---|---|---| |||118,195| |||31/12/20
£
28,803
31/12/20
£
109,210| continued... Page 11 **Congleton Inclosure Trust** ## **Notes to the Financial Statements - continued** ## **for the Year Ended 31st December 2021** ## **5. GRANTS PAYABLE - continued** The total grants paid to institutions during the year was as follows: |Act It Out
Astbury Mere Trust
Asthma Relief
Beartown Rickshaw
Cheshire Learning Partnership
Congleton Building Preservation Trust
Congleton Community Partnership - The Old Saw Mill
Congleton Community Projects
Congleton Community Trust
Congleton Harriers
Congleton Live
Congleton Museum Trust
Congleton Pentecostal Church
Congleton R.U.F.C.
Congleton Unplugged
Congleton Youth Forum
Dane Valley Community Energy
Dane Valley Scouts
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
Marie Curie
New Life Church - Congleton Food Bank
Rotary Club (Bonfire)
Ruby's Fund
Scouts Explorer Jamboree
St James the Great Church
Somerford Parish Council
Symphonia Verbum Orchestra
The Green Tree House
United Reform Church|**31/12/21**
**£**
**-**
**-**
**1,140**
**5,000**
**1,000**
**5,000**
**2,700**
**1,250**
**1,500**
**919**
**400**
**(2,990)**
**1,704**
**10,000**
**-**
**-**
**2,000**
**2,000**
**-**
**-**
**10,000**
**20,000**
**1,250**
**2,500**
**1,500**
**500**
**500**
**1,260**
**4,180**
**400**
**-**
**-**
**800**
**-**
**-**
**500**
**-**
**75,013**|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
350
-
800| |---|---|---| |||109,210| continued... Page 12 **Congleton Inclosure Trust** ## **Notes to the Financial Statements - continued** ## **for the Year Ended 31st December 2021** ## **6. SUPPORT COSTS** |**SUPPORT COSTS**||||||| |---|---|---|---|---|---|---| ||||Information||Governance|| ||Management||technology||costs|Totals| ||£||£||£|£| |Investment management costs|**32,369**|||**-**|**-**|**32,369**| |Other resources expended|**2,215**||**14**||**7,380**|**9,609**| ||**34,584**||**14**||**7,380**|**41,978**| |Support costs, included in the above, are as follows:||||||| |**Management**||||||| ||||||**31/12/21**|31/12/20| ||Investment||Other|||| ||management||resources||Total|Total| ||costs||expended||activities|activities| ||£||£||**£**|£| |Computer Expenses||**-**|**746**||**746**|**126**| |Insurance||**-**|**438**||**438**|**438**| |Annual Luncheon & Refreshments||**-**|**367**||**367**|**-**| |Telephone, Postage, Books & Stationery||**-**|**118**||**118**|**124**| |Professional & Legal Fees||**-**|**240**||**240**|**158**| |Sundries||**-**|**306**||**306**|**379**| |Portfolio management fees|**32,369**|||**-**|**32,369**|**28,803**| ||**32,369**||**2,215**||**34,584**|**30,028**| |**Information technology**||||||| ||||||**31/12/21**|31/12/20| ||||||Other|| ||||||resources|Total| ||||||expended|activities| ||||||**£**|£| |Depreciation of tangible fixed assets|||||**14**|**21**| |**Governance costs**||||||| ||||||**31/12/21**|31/12/20| ||||||Other|| ||||||resources|Total| ||||||expended|activities| ||||||**£**|£| |Accountancy|||||**1,380**|**1,380**| |Secretary fees|||||**6,000**|**6,000**| |Chief rent admin fees|||||**-**|**400**| ||||||**7,380**|**7,780**| continued... Page 13 **Congleton Inclosure Trust** ## **Notes to the Financial Statements - continued for the Year Ended 31st December 2021** ## **7. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31st December 2021 nor for the year ended 31st December 2020. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31st December 2021 nor for the year ended 31st December 2020. ## **8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |**VOLUNTARY INCOME FROM**
Investment income
**EXPENDITURE ON**
Raising funds
**Charitable activities**
Grants
Other
**Total**
Net gains on investments
**NET INCOME**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
118,195
28,803
109,210
9,026| |---|---| ||147,039
177,137| ||148,293
5,048,175| ||5,196,468| continued... Page 14 **Congleton Inclosure Trust** ## **Notes to the Financial Statements - continued** ## **for the Year Ended 31st December 2021** ## **9. TANGIBLE FIXED ASSETS** |**COST**
At 1st January 2021 and
31st December 2021
**DEPRECIATION**
At 1st January 2021
Charge for year
At 31st December 2021
**NET BOOK VALUE**
At 31st December 2021
At 31st December 2020
**10.**
**FIXED ASSET INVESTMENTS**
**MARKET VALUE**
At 1st January 2021
Additions
Disposals
Realised Investment Gains/ (Losses)
Net Unrealised Investment Gains/(Losses)
At 31st December 2021
**NET BOOK VALUE**
At 31st December 2021
At 31st December 2020|Computer
equipment
£
**689**
**647**
**14**
**661**
**28**
42
Listed
investments
£
**5,034,193**
**949,568**
**(1,088,317 )**
**143,046**
**481,798**
**5,520,288**
**5,520,288**
5,034,193| |---|---| Investment assets consist of: |46.1%|**UK**| |---|---| |6.3%|**Europe**| |30.3%|**North America**| |3.5%|**Japan**| |6.7%|**Asia Pacific**| |2.1%|**Emerging Markets**| |5.1%|**Global Investments**| Page 15 continued... **Congleton Inclosure Trust** ## **Notes to the Financial Statements - continued for the Year Ended 31st December 2021** |**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 1/1/21
£
**Unrestricted funds**
General fund
**5,196,468**
**TOTAL FUNDS**
**5,196,468**
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
**124,220**
**(116,991)**
**TOTAL FUNDS**
**124,220**
**(116,991)**
**Comparatives for movement in funds**
At 1/1/20
£
**Unrestricted funds**
General fund
5,048,175
**TOTAL FUNDS**
5,048,175||**31/12/21**
**£**
**457**
**31/12/21**
**£**
**1,380**
Net
movement
in funds
£
**632,073**
**632,073**
Gains and
losses
£
**624,844**
**624,844**
Net
movement
in funds
£
148,293
148,293|31/12/20
£
457
31/12/20
£
1,381
At
31/12/21
£
**5,828,541**
**5,828,541**
Movement
in funds
£
**632,073**
**632,073**
At
31/12/20
£
5,196,468
5,196,468| |---|---|---|---| ||||| ||||| ||||| Page 16 continued... **Congleton Inclosure Trust** ## **Notes to the Financial Statements - continued for the Year Ended 31st December 2021** ## **13. MOVEMENT IN FUNDS - continued** Comparative net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|Incoming
resources
£
118,195
118,195|Resources
expended
£
(147,039)
(147,039)|Gains and
Movement
losses
in funds
£
£
177,137
148,293
177,137
148,293|Gains and
Movement
losses
in funds
£
£
177,137
148,293
177,137
148,293| |---|---|---|---|---| |||||148,293| A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1/1/20
£
5,048,175
5,048,175|Net
movement
in funds
£
780,366
780,366|At
31/12/21
£
5,828,541| |---|---|---|---| ||||5,828,541| 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
£
242,415
242,415|Resources
expended
£
(264,030)
(264,030)|Gains and
Movement
losses
in funds
£
£
801,981
780,366
801,981
780,366|Gains and
Movement
losses
in funds
£
£
801,981
780,366
801,981
780,366| |---|---|---|---|---| |||||780,366| ## **14. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31st December 2021. Page 17 **Congleton Inclosure Trust** |**Detailed Statement of Financial Activities**||| |---|---|---| |**for the Year Ended 31st December 2021**||| ||31/12/21|31/12/20| ||£|£| |**VOLUNTARY INCOME**||| |**Other trading activities**||| |Book sales|**35**|-| |**Investment income**||| |Rents, Wayleave & Fees|**3**|1,794| |Investment Dividends & Interest|**124,182**|116,401| ||**124,185**|118,195| |**Total incoming resources**|**124,220**|118,195| |**EXPENDITURE**||| |**Charitable activities**||| |Grants to institutions|**75,013**|109,210| |**Support costs**||| |**Management**||| |Computer Expenses|**746**|126| |Insurance|**438**|438| |Annual Luncheon & Refreshments|**367**|-| |Telephone, Postage, Books & Stationery|**118**|124| |Professional & Legal Fees|**240**|158| |Sundries|**306**|379| |Portfolio management fees|**32,369**|28,803| ||**34,584**|30,028| |**Information technology**||| |Computer equipment depreciation|**14**|21| |**Governance costs**||| |Accountancy|**1,380**|1,380| |Secretary fees|**6,000**|6,000| |Chief rent admin fees|**-**|400| ||**7,380**|7,780| |Total resources expended|**116,991**|147,039| |**Net income/(expenditure) before gains and**||| |**losses**|**7,229**|(28,844)| |**Realised recognised gains and losses**||| |Realised Gains/(losses) on fixed asset||| |investments|**143,046**|(20,204)| |**Net income/(expenditure)**|**150,275**|(49,048)| This page does not form part of the statutory financial statements Page 18