Annual Report
and
Financial Statements
of
The Reverend Doctor George Richards' Charity
for
Poor Clergymen
Charity Number 246965
For the year ended 31 December 2022
Prepared under the Receipts and Payments Accounting Basis
| For the year ended 31 December 2022 | ||
|---|---|---|
| 2022 | 2021 | |
| RECEIPTS | ||
| Dividends and interest | ||
| Charifund units | 15,882 | 14,159 |
| CBF Investment Fund | 7,606 | 7,356 |
| CBF Property Fund | 2,896 | 2,838 |
| CBF Deposit Fund | 83 | 12 |
| CAFCash account | 20 | - |
| CAF Gold account | 185 | 5 |
| Investec funds income for ex Tancred | 21,819 | 28,344 |
| grants | ||
| Hoares bank interest | - | 784 |
| Total receipts | 48,491 | 53,498 |
| PAYMENTS | ||
| Grants and gifts | ||
| Grants ex Tancred | 22,050 | 23,940 |
| Grants | 5,054 | 6,563 |
| Christmas gifts | 12,600 | 9,300 |
| Honorarium - Secretary | 2,625 | 3,500 |
| Operating expenses | ||
| Trave! & expenses - Trustees | 768 | - |
| Travel & expenses - Secretary | 797 | 584 |
| Trustee insurance | 112 | - |
| Gift - independent examiner | 400 | 200 |
| Bank charges | 110 | 250 |
| Total payments | 44,516 | 44,337 |
| Excess of receipts over payments | 3,975 | 9,161 |
| Balance brought forward at 1 Jan 2022 | 58,042 | 48,881 |
| Balance carried forward at 31 December 2022 | 62,017 | 58,042 |
| Balance at 1 January 2022 | 320,031 |
|---|---|
| Increase in value of investments | (19,196) |
| Balance at 31 December 2022 | 300,835 |
| Expendable Funds | |
| Balance at 1 January 2022 | 1,145,034 |
| Increase in value of investments | (125,725) |
| Excess of income over | 3,975 |
| expenditure for year | |
| Balance at 31 December 2022 | 1,023,284 |
| Total Funds | 1,324,119 |
| Investment schedule | 300,835 |
|---|---|
| 300,835 | |
| Investment schedule | 942,767 |
| CBF deposit account | 12,500 |
| CAFbank current account | 13,614 |
| CAFbank deposit account | 48,403 |
| Half cello at cost | 6,000 |
| 1,023,284 | |
| 1,324,119 |
| Schedule of Investments at mark | **et value at 31 ** | December 2 | 022 | ||
|---|---|---|---|---|---|
| Capital | Expendable | ||||
| Price (p) | Shares | Value | Shares | Value | |
| M & G Equities Investment Fund | 1,469.52 | 19,135.00 | 281,193 | - | 0 |
| CBF Investment Fund | 2,066.14 | 0 | 12,378.00 | 255,747 | |
| CBF Property Fund | 130.52 | 15,049.68 | 19,643 | 29,430.15 | 38,412 |
| Investec funds (ex Tancred's charity) | 648,608 | ||||
| 300,835 | 942,767 | ||||
| Market value at 31 December 2021 | 320,031 | 1,068,492 | |||
| Change in value in 2022 | (19,196) | (125,725) |