2021-03-31-accounts - Elizabeth Walter

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				2021		2020
		Unrestricted	Endowment
	Note	Funds	Funds	Total		Total
		8	E	8		E
Income and endowments
from:
Investments	1	20,838.73		20,838.73		25,005.49
Other Income	2
Total Incoming Resources		20,838.73		20,838.73		25,005.49
Expenditure on:
Charitable grants and donations	3	55,780,06		55,780,06		24,500.00
Support costs	4	262.35		262.35		310.00
Total		56,042.41		56042.41		24,810.10
Net (expenditure)/ income before
investment gains / (losses)		(35,203.68)		(35,203.68)		195.49
Gain / (Loss) on investments	5	13717.92	64 787,98	78,505.89	'	83748.49
Net (expenditure)/ income and net movement in funds		(21,485.76)	64,787.96	43,302.20		(83,553.00)
Total funds at 1 April 2020		151,882,22	358,705.37	510,587,59		594,140.59
Total funds at 31 March 2021		130,39646	423,493.33	553,889.79		510,587.59

					2021	2020
			Unrestricted	Endowment
		Note	Funds	Funds	Total	Total
			6	8	8	8
Fixed Assets
Investments		5	82,226.04	423,186.20	505412.24	426 906.36
Total Fixed Assets			82,226.04	423,186.20	505,412.24	426,906.36
Current Assets
Short term investments		6	33,845.01	307.13	34,152,14	34,152.14
Cash at bank and in	hand		45,365.97		45,365.97	64784.09
			79,210.98	307.13	79,518.11	98,936.23
Creditors amounts	falling due		(31,040.56)		(31,040.56)	(15,255.00)
within one year
Net Current Assets			48,170,42	307,13	48,477.55	83,681.23
Total Net Assets			130,396.46	423,493.33	553889.79	510,587.59
Funds ofthe Charity
Unrestricted Funds			130,396.46		130,396.46	151,882.22
Endowment Funds				423,493.33	423,493.33	358,705.37
Total Funds			130396.46	423,493.33	553,889.79	510,587.59

These accounts	These accounts	These accounts	These accounts	have	been prepared on the basis of historic cost, with the exception	been prepared on the basis of historic cost, with the exception	that
invsstmsnts		are		shown	at	market value, in accordance with Accounting and Reporting	by
Charities —Statement					of Recommended Practice (SORP FRS102), and with accounting
standards	and		with the		Charities Act.
Accounting			Policies
There have		been		no changes to the accounting policies (valuation rules and methods of
accounting)		since		last year.		No changes have been made to the accounts for previous years.
Incoming	resources
Recognition			of	Incoming		These are included in the Statement of Financial Activities
resources						(SoFA) when:
						~ the charity becomes entitled to the resources;
						~ the trustees are more probable than not that they will
						receive ths resources; and
						~ the monetary value can be measured reliably
Investment			income			This is included in the accounts when receivable
Investment			gains and			This includes any gain or loss on the sale of investments	and
losses						any gain or loss resulting from revaluing investments to
						market value at the end ofthe year.
Expenditure			snd liabilities
Liability	recognltlon					Liabilities are recognised:
						~ as soon as there isa legal or constructive obligation
						committing the charity to pay out resources;
						~ it is mors likely than not that a transfer ofeconomic
						benefits will bs required; and
						~ the amount ofthe obligation can bs measured or
						estimated reliably.
Grants payable						These sre only recognised in the accounts when a
						commitment has been made and communicated to the
						recipients and there are no conditions to be met relating	to
						ths grant which remain in the control ofthe charity.
Support	costs					Include central functions being accountancy costs and room
						hire. These are allocated against the unrestricted fund.
Assets
Investments						Investments quoted on a recognised stock exchange are
						valued at fair value (market value) at the year end. Other
						investment assets are included at trustees' best estimate	of
						fair value.
There are	no		material		uncertainties about the charity's ability to continue.

			2021	2020
			E	E
1. Investment Income
38,407.46 Charinco Income shares			2,880.56	2,433.13
23,945 M &G Charifund equities			15,444,53	19,994.09
4,524.21 COIF Income units			2,368.86	2,322.27
CBFDeposit			144.78	256.00
Total Investment Income			20838.73	25005.49
2. Other Income
StLawrence Preacher Refund
StLawrence Church Underspend		Refund
Total Other Income
3. Charitable Grants and Donations
All grants are payable to Institutions:
Bishops Office re St Lawrence Preacher			15000.00	15000.00
Religious Educational Purposes:
St Edmundsbury & Ipswich	DBF			3,000.00
Ipswich StThomas PCC			1,185.00
River Church			1,187.00
Ipswich StJohn PCC				4,000.00
Ipswich StAugustine PCC			792.90
Ipswich St Mary &St Botolph, Whitton PCC			8,520.00
Ipswich St Matthew PCC			2,026.18
Ipswich St Mary Le Tower			2,188,98	2,500,00
Deanery Growing Younger	Fund		209.50
Total Educational Grants			14,109.56	9,500.00
StLawrence Church upkeep			26,670.50
Total Grants and Donations			55780.06	24,500.00
4. Support costs
Administration			250.00	250.00
Bank charges			12.35	60.00
			262.35	310.00

Investments listed on a	recognised	stock exchang	e:	e:
		Value @1	Additlonsl			(Loss) IGain on	Value @31
Endowment Funds		April 2020 f	dlsposals f		revaluation f		March 2021 f
36252.57Charinco Income
Shares		69,459.93				(1,595.12)	67864.81
22297 M &G Charifund	Equities	266,553.95				61,749,31	328,303.26
1510.11COIF Income	Units	22,384.36				4,633.77	27,018.13
Total Endowment Funds		358,398.24				64,787.96	423.186.20
Jncome Funds
2154.89 Charinco Income
Shares		4,128.77				(94.82)	4,03395
1648 M &G Charifund	Equities	19,701.35				456397	24 26532
3014.14COIF Income	Units	44,678.00				9,248.77	53,926.77
Total Income Funds		68,508.12				13,717.92	82,226.04
Total Investments		426906.36				78,505.88	505,412.24
6. Short term Investments
		Value @1	Additional				Value O31
		April 2020	(dlsposals)		Revaluation		March 2021
Endowment Funds
CBFDeposit Fund		307.13					307.13
Income Funds
CBFDeposit Fund		33,845.01					33,845.01
Total Short Term Investments		34,152.14					34,152.14
7. Allocation ofIncome
		Year ended	31March 2020			Year ended 31March 2020
		Share of	Paid	out	and	Share of Paid out and
		Income available	payable at 31 March 2021 f f Income payable at 31 available March 2020 f f
One half re SILawrence
preacher		10,286.19		15,000.00 12,347.75 15,000.00
Two thirds balance re
Religious Education		6,858.79		14,109.56 8,231.83 9,500,00
Balance re St Lawrence
Church		3429.40		26,670.50 4,115.91
Total		20,576.38		55,780.06 24,695.49 24,500.00

						2020
				Unrestricted	Endowment
				Funds	Funds	Total
				8	8	8
Income and	endowments	from:
Invsstmsnts				25,005.49		25,005.49
Other Income
Total Incoming Resources				25,005.49		25,005.49
Expenditure	on:
Charitable grants and donations				24,500.00		24,500.00
Support costs				310.00		310.00
Total				24,810.00		24,810.00
Net income	before investment		gains	195.49		195.49
(Loss) /Gain	on investmsnts			7,075.98	76672.51	83,748.49
Net (sxpenditure)/income		and	net
movement in funds				(6,880.49)	(76,672.51)	(83,553.00)
Total funds	at 1 April 2019			158,762.71	435,37?.88	594,140.59
Total funds	st 31 March 2020			151,882.22	358,705.37	510,587.59