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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|
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||||||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|
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|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.|||
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||||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||||
##
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|||||||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|
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