| Page | |||
|---|---|---|---|
| CharNy Reference And | Admlnlstratlve | Details | |
| Trustees' Annual Report |
2to 4 | ||
| Independent Auditors' |
Report | 5to7 | |
| Statement ofFinancial | Activities | ||
| Statement ofFlnanclal | Posltlon | ||
| Stateinent ofCash Flows | 10 | ||
| Notes to the Financial | Statements | 11to 17 |
| Name | Means ofa | ointment | ointment | |||
|---|---|---|---|---|---|---|
| Mr Graham Thompson |
iChair) | Co-opted | ||||
| Mrs Carol Precey (Vice | Chair) | Co-opted | ||||
| Mr Les Bullock | Co-opted | |||||
| Mr Steve Goodchild | Co-opted | |||||
| Mrs Christine Halls |
Deeping | StJames Parish Council | appointee | |||
| Mr Trevor Harwood | Co-opted | |||||
| Mrs Kate Shinkins-Ho | e | Dee 'n |
StJames Parish Council | a | intee | |
| Mrs Jud Stevens |
South Kesteven | District Council a | ointee | |||
| Mr Peter Ward | Co-o ed |
|||||
| Rev. Mark Williams | ExOfficio |
| Unrestricted | Endowment | 2020 | 2019 | |||||
|---|---|---|---|---|---|---|---|---|
| Notes | ||||||||
| Incoming Resources | ||||||||
| Investment income |
250,498 | 250,498 | 226,772 | |||||
| Donations | 300 | 300 | 300 | |||||
| Government grants |
10,000 | 10,000 | ||||||
| Total Incoming Resources |
260798 | 260798 | 227 072 | |||||
| Resources Expended | ||||||||
| Costs ofgenerating funds- |
||||||||
| Investment management costs |
3 | 26,126 | 26,126 | 23,459 | ||||
| Charitable activities |
3 | 71,689 | 71,689 | 85,455 | ||||
| Governance costs |
3 | 7774 | 7 774 | 1 974 | ||||
| Total Resources Expended | 3 | 105589 | 105589 | 110888 | ||||
| Net Incoming I(Outgoing) Resources Before Other | ||||||||
| Recognised Gains | 155,209 | 155,209 | 116,184 | |||||
| (Losses) IGains On Investment | Assets | (13,469) | (13,469) | 213,400 | ||||
| Extraordinary Item - Surplus |
On | Sale Of Land | 3,324,957 | |||||
| Net Movement ln Funds |
155,209 | (13,469) | 141,740 | 3,654,541 | ||||
| Total Funds Brought Forward | 275,901 | 6,868,890 | 7, | 144,791 | 3,490,250 | |||
| Total Funds Carried Forward | 431 110 | 6855421 | 7 | 286531 | 7 144791 |
| 2020 | 2019 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | R | ||||||
| Fixed Assets | |||||||
| Tangible fixed | assets | 93 | 207 | ||||
| Investments | 7 127401 | 7004614 | |||||
| 7,127,494 | 7,004,821 | ||||||
| Current Assets | |||||||
| Debtors | 9 | 6,306 | 7,541 | ||||
| Cash at bank | 10 | 161769 | 136863 | ||||
| 168075 | 144404 | ||||||
| Creditors: | |||||||
| Amounts falling due vi thin one year |
9,038 | 4,434 | |||||
| Net Current | Assets | 159,037 | 139,970 | ||||
| Net assets | 7286531 | 7 144791 | |||||
| Funds OfThe Chari» | |||||||
| Endowment | Funds | ||||||
| Permanent | Endowrr ent | 12 | 6,855,421 | 6,868,890 | |||
| Unrestricted | funds | 12 | 431 110 | 275 901 | |||
| 7286531 | 7 144791 |
| Cash flow from operating | activities |
|---|---|
| Interest paid | |
| Net cash how from operating activities |
|
| Cash flow from investing | activities |
| Investment additions |
|
| Net cash how from itlvestlng activities |
|
| Cash flow from hnal Jng | activities |
| Repayment oflong te-m loans |
|
| Net cash how from Inancing activities |
|
| Net (decrease)/increase In cash and cash equivalents |
|
| Cash and cash equivalents | at 1stJanuary 2020 |
| Cash and cash equivalents | at31stDecember 2020 |
| Cash and cash equivalents | consist of: |
| Cash at bank and in hand |
| 2020 | 2019 | |
|---|---|---|
| Note | ||
| 14 | 161,162 | 3,642,689 |
| 161 182 | 3642689 | |
| (136,256) | (3,527,590) | |
| ~136,256 | ~3527 599 | |
| 24,906 | 115,099 | |
| 136,863 | 21,764 | |
| 161769 | 136863 | |
| 161769 | 136,963 |
| 2020 | 2019 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2. | Investment Inconas |
K | R | ||||||||
| Income from: | |||||||||||
| Investment Properties |
60,453 | 68,731 | |||||||||
| Investments listed on |
a recognised | stock exchange, | |||||||||
| held in common inmstment | funds | or other | 189,017 | 155,353 | |||||||
| collective investment | schemes | ||||||||||
| Other Investments | - COIF | deposit | account | 639 | 2,246 | ||||||
| -Virgin | charity | deposit | account | 251 | 381 | ||||||
| - Other | interest and dividends | 138 | 61 | ||||||||
| 288498 | 226 772 | ||||||||||
| 3. | Resources Expended | ||||||||||
| Investment Management Costs |
Charitable Activities |
Governance Costs |
2019 | ||||||||
| K | |||||||||||
| Property | |||||||||||
| Rates and council tax | 281 | 280 | 561 | 398 | |||||||
| Insurance | 2,807 | 2,806 | 5,613 | 4,814 | |||||||
| Repairs | 6,961 | 6,960 | 13,921 | 9,636 | |||||||
| Electricity and gas | 612 | 611 | 1,223 | 2,203 | |||||||
| Letting agency fete | 3 | 819 | 3819 | 3923 | |||||||
| 14 | 480 | 10,657 | 25,137 | 20,974 | |||||||
| Admlnlstratlon | |||||||||||
| Clerk's salary | 4,689 | 4,689 | 9,378 | 10,145 | |||||||
| Caretaker's salary and casual wages |
1,688 | 1,304 | |||||||||
| Legal fees | 3,307 | 3,307 | 1,627 | ||||||||
| Bookkeeping and Accountant's fees |
7,774 | 7,774 | 1,974 | ||||||||
| Miscellaneous expenses |
2,749 | 2,748 | 5,497 | 5,839 | |||||||
| Depreciation -office equipment |
57 | 57 | 114 | 139 | |||||||
| 11 | 646 | 8338 | 7774 | 27 758 | 21 028 | ||||||
| Charitable ActlvlIes |
|||||||||||
| Relief in Need | 25,334 | 25,334 | 22,601 | ||||||||
| Relief in Sickness, | 3,200 | 3,200 | 1,000 | ||||||||
| Public Purposes | 12,081 | 12,081 | 36,572 | ||||||||
| Educational Founcation |
2,705 | 2,705 | 5,338 | ||||||||
| St Thomas' Day Cwrity |
2,650 | 2,650 | 3,375 | ||||||||
| Support Grants | 6724 | 6724 | |||||||||
| 52,694 | 52,694 | 68,886 | |||||||||
| 26 | 126 | 71,689 | 7774 | 105,589 | 110,888 |
| 7. | Tangible Fixed Asse |
ts | |||||
|---|---|---|---|---|---|---|---|
| Office Equipment | |||||||
| 2020 | 2019 | ||||||
| Cost | K | ||||||
| At 1 January 2020 | 949 | 949 | |||||
| Additions | |||||||
| At 31 December 2320 | 949 | 949 | |||||
| Depreciation | |||||||
| At 1 January 2020 | 742 | 603 | |||||
| Charge for the year | 114 | 139 | |||||
| At 31 December 2220 | 742 | ||||||
| Net BooKValue | |||||||
| At 31 December 2120 | 63 | 267 | |||||
| At 31 December 2319 | 207 | ||||||
| 8. | Investment Assets |
||||||
| 8.1 | Fixed Asset Inves.ments | 2020 | 2019 | ||||
| Market value at beginning | ofthe year | 6,705,583 | 3,292,183 | ||||
| Additions at cost |
100,370 | 3,400,000 | |||||
| Disposals (Deficit) / Surplus ala |
revaluation | ~13469 | (200,000) 213,400 |
||||
| Market value at erd ofyear | 6,792,464 | 6,705,583 | |||||
| 8.2 | Analysis Of Invesittents | 2020 | 2019 | ||||
| Market Value At Year End | |||||||
| Investment properties |
2,078,370 | 1,978,000 | |||||
| Investments listed on |
a recognised | stock exchange, | |||||
| held in common irs6estment |
funds | or other | 4,714,114 | 4,727,583 | |||
| collective investment | schemes | ||||||
| 6,792,484 | 6,705,583 | ||||||
| Other Investments | -COIF deposit account | 283,612 | 242,974 | ||||
| - Virgin charity deposit account | 51,305 | 51,054 | |||||
| - Lincolnshire Credit Union Ltd |
5,003 | ||||||
| 7127491 | 7DD4614 | ||||||
| Investments which are over |
5%of | the porffolio by market value at 31 December 2020are; | |||||
| COIF Charities Ethical Investment |
Fund Income Units K2,480,290(2019:f2,338,111) | ||||||
| COIF Charities Property | Fund Income Units R2,233,824(2019:F2,389,472) | ||||||
| 9. | Debtors | 2020 | 2019 | ||||
| R | K | ||||||
| Trade Debtors | 1,367 | 3,012 | |||||
| Prepayments | 4,939 | 4,529 | |||||
| 63D6 | 7641 |
| 10. | Cash At Bank | 2020 | 2019 | ||||||||
| K | |||||||||||
| Current Account | 44,134 | 36,761 | |||||||||
| Business Premium |
Account | 99,860 | 100,102 | ||||||||
| Business Premiunt | ME Account | 17,775 | |||||||||
| 161,769 | 136,863 | ||||||||||
| 11. | Creditors - Amounts | Falling | Due Within One Year | 2020 | 2019 | ||||||
| Trade Creditors | 656 | 1,249 | |||||||||
| Accruals and Defeired | Income | 8,382 | 3,185 | ||||||||
| 9,038 | 4,434 | ||||||||||
| 12. | Analysis Of Charitable |
Funds | Endowment Funds |
Unrestricted Funds |
Total | ||||||
| R | |||||||||||
| Balance brought f~ard | 6,868,890 | 275,901 | 7,144,791 | ||||||||
| Incoming resources | 260,798 | 260,798 | |||||||||
| Resources expended | (105,589) | (105,589) | |||||||||
| Loss on investments | (13,469) | (13,469) | |||||||||
| 6855 | 421 | 431 110 | 7,286 531 | ||||||||
| 13. | Analysis Of Net Assets |
Between Funds | Endowment | Unrestricted | |||||||
| Fund | Fund | ||||||||||
| F. | K | ||||||||||
| Tangible fixed assists | 93 | 93 | |||||||||
| Fixed asset investments | 6,855,421 | 271,980 | 7,127,401 | ||||||||
| Current assets | 168,075 | 168,075 | |||||||||
| Creditors: amounts | falling | due | within one | year | (9,038) | (9,038) | |||||
| 6,855,421 | 431,110 | 7,286,531 | |||||||||
| 14. | Reconciliation ofnet |
Income Itexpendlture) | to net cash flow from operating | activities | |||||||
| 2020 | 2019 | ||||||||||
| F | |||||||||||
| Net (expenditure) / |
income for the year | 141,740 | 3,654,541 | ||||||||
| Depreciation and impairment |
oftangible | fixed assets | 114 | 139 | |||||||
| (Gains)/Losses on investments |
13,469 | (13,400) | |||||||||
| Decrease/(Increase) | in | debtors | 1,235 | 1,008 | |||||||
| Decrease/(Increase) | in | stock | |||||||||
| (Decrease)/Increase | in | creditors | 4,604 | 401 | |||||||
| Net cash flow from | operating | activities | 161,162 | 3,642,889 |