| Legal and Administration | Legal and Administration | Information | |
|---|---|---|---|
| Trustees' Report |
2-5 | ||
| Independent Examiners |
Report to the Trustees of | ||
| The Friends ofGuildford | Cathedral | ||
| Statement ofFinancial | Activities | ||
| Balance Sheet | |||
| Notes to the Financial | Statements | 9-20 |
| Trustees | The Very Revd D Gwilliams | The Very Revd D Gwilliams | (Chairman) | |||
|---|---|---|---|---|---|---|
| Canon M Morris | (Vice Chairman) | |||||
| JAllen | ||||||
| Canon MJD Bishop | ||||||
| ColJBlake | ||||||
| M Gwilliams (retired 3 February 2020) |
||||||
| Canon SM Lloyd | ||||||
| M Mulvaney | ||||||
| Revd Canon A Tovmshend | ||||||
| Charity Registration | number | 250402 | ||||
| Company | Number | 00540920 | ||||
| Registered | Office | The Cathedral | ||||
| Stag Hill | ||||||
| Guildford | ||||||
| Surrey | ||||||
| GU2 7UP | ||||||
| Independent | Examiner | Danielle Griffin | FCA | |||
| Moore (South) LLP | ||||||
| Priory House | ||||||
| Sydenham Road |
||||||
| Guildford | ||||||
| Surrey | ||||||
| GU1 3RX | ||||||
| Investment | Manager | Charles Stanley | EcCo.Ltd | |||
| 70-72 Chertsey | Street | |||||
| Guildford | ||||||
| Surrey | ||||||
| GU1 4HL |
| Notes | Unrestricted | Endowment | Restricted | Total | Total | |
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2020 | 2019 | ||
| Income and endowments | ||||||
| from: | ||||||
| Donations and legacies |
20,318 | 0 | 0 | 20,318 | 130,096 | |
| Other trading activities | 52 | 0 | 0 | 52 | 5,208 | |
| Investments | 6,147 | 255 | 401 | 6,803 | 9,056 | |
| Total income | 26,517 | 255 | 401 | 27,173 | 144,360 | |
| Expenditure on: |
||||||
| Raising funds | 5,249 | 96 | 0 | 5,345 | 9,361 | |
| Charitable activities |
55,437 | 0 | 0 | 55,437 | 75,255 | |
| Other expenditure | 1,465 | 0 | 0 | 1,465 | 1,777 | |
| Total expenditure | 62,151 | 0 | 62,247 | 86,393 | ||
| Net gains/(losses) on |
||||||
| investments | (5,863) | (2,432) | 0 | (8,295) | 18,598 | |
| Net income / (expenditure) | (41,497) | (2,273) | 401 | (43,369) | 76,565 | |
| Reconciliation offunds: |
||||||
| Total funds brought | forward | 333,687 | 33,922 | 4,246 | 371,855 | 295,290 |
| Total funds carried | forward | 292,190 | 31,649 | 4,647 | 328,486 | 371,855 |
| Notes | Unrestricted | Endowment | Restricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2020 | 2019 | |||||
| Fixed Assets | |||||||||
| Investments | 12 | 109,103 | 27,731 | 136,834 | 150,597 | ||||
| Current Assets |
|||||||||
| Debtors | 13 | 1,175 | 0 | 0 | 1,175 | 130 | |||
| Current Asset Investment | 14 | 68,986 | 0 | 0 | 68,986 | 65,440 | |||
| Cash at Bank | and in hand | 15 | 114,426 | 3,918 | 4,647 | 122,991 | 160,403 | ||
| 184,587 | 3,918 | 4,647 | 193,152 | 225,973 | |||||
| Current Liabilities |
|||||||||
| Creditors: amounts | falling due | ||||||||
| within one | year | 16 | (1,500) | 0 | (1,500) | (4,715) | |||
| Net Current | Assets | 183,087 | 3,918 | 4,647 | 191,652 | 221,258 | |||
| Total Assets | less | ||||||||
| Current Liabilities |
292,190 | 31,649 | 4,647 | 328,486 | 371,855 | ||||
| Represented | by | ||||||||
| Funds | |||||||||
| Unrestricted | 292,190 | 0 | 0 | 292,190 | 333,687 | ||||
| Restricted | 17 | 0 | 0 | 4,647 | 4,647 | 4,246 | |||
| Endowment | 18 | 0 | 31,649 | 0 | 31,649 | 33,922 | |||
| Total | 292,190 | 31,649 | 4,647 | 328,486 | 371,855 |
| Unrestricted | Endowment | Restricted | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2020 | 2019 | |
| f. | |||||
| Donations | 485 | 485 | 799 | ||
| Legacies | 10,851 | 10,851 | 121,637 | ||
| Subscriptions | 7,714 | 7,714 | 6,553 | ||
| Gift Aid | 1,268 | 1,268 | 1,107 | ||
| 20,318 | 0 | 20,318 | 130,096 |
| Unrestricted | Endowment | Restricted | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2020 | 2019 | |
| Social Events (see Note 10) | 0 | 5,208 | |||
| Trading income | 52 | 52 | 0 | ||
| 52 | 52 | 5,208 |
| Unrestricted | Endowment | Restricted | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2020 | 2019 | |
| Dividends | 5,460 | 255 | 401 | 6,116 | 8,224 |
| Interest | 687 | 687 | 833 | ||
| 6,147 | 255 | 401 | 6,803 | 9,056 |
| R~ii R |
d | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Restricted | Total | Total | ||
| Funds | Funds | Funds | 2020 | 2019 | ||
| Social events (see Note 10) | 0 | 0 | 0 | 0 | 4,150 | |
| Publicity | 0 | 0 | 0 | 0 | 50 | |
| Investment | Manager fees | 857 | 96 | 0 | 953 | 995 |
| Support costs (see Note 8) | 4,392 | 0 | 0 | 4,392 | 4,166 | |
| 5,249 | 96 | 0 | 5,345 | 9,361 |
| Charita | ble Activities |
|||||
|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Restricted | Total | Total | ||
| Funds | Funds | Funds | 2020 | 2019 | ||
| Grants | (see Note 9) | 52,354 | 52,354 | 72,371 | ||
| Support | costs (see Note 8) | 3,083 | 3,083 | 2,884 | ||
| 55,437 | 0 | 0 | 55437 | 75,255 |
| Other Ex enditure | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Restricted | Total | Total | |||||||
| Funds | Funds | Funds | 2020 | 2019 | |||||||
| Independent Examiner's fee |
1,200 | 1,200 | 1,170 | ||||||||
| Accountancy | 0 | 0 | 300 | ||||||||
| Trustee Indemnity Insurance |
252 | 252 | 294 | ||||||||
| Legal fees | 13 | 13 | 13 | ||||||||
| 1,465 | 1,465 | 1,777 | |||||||||
| Other Expenditure all relates |
to the governance | costs | ofthe | charity | |||||||
| All Other Expenditure in 2019was unrestricted. |
|||||||||||
| Anal sis ofSu ort Costs |
|||||||||||
| Raising Charitable |
Other | Total | Basis of | ||||||||
| Funds | Activities | Expenditure | 2020 | Allocation | |||||||
| Salaries (including Ers NIC) |
3,926 | 2,617 | 6,543 | Time | |||||||
| General expenses | 466 | 466 | 932 | Use | |||||||
| 4,392 | 3,083 | 0 | 7,475 | ||||||||
| Grants made to Guildford | Cathedral | ||||||||||
| 2020 | 2019 | ||||||||||
| Support sub-organist's salary (live Maternity leave cover (Schools k |
streaming work: advancement families: education) |
ofregion) | 25,850 3,255 |
0 0 |
|||||||
| AV equipment (for live streaming: |
advancement | ofreligion) | 6,840 | 0 | |||||||
| ITupgrade (live streaming: advancement ofreligion) |
16,409 | 0 | |||||||||
| From Arthur Mason Flower | Fund | 0 | 500 | ||||||||
| From Reginald Boeg Maintenance | Fund | 0 | 2,000 | ||||||||
| Replacement Grand Piano |
0 | 16,500 | |||||||||
| Repair/Replacement Stewards badges |
0 | 623 | |||||||||
| New Amplifier | 0 | 6,400 | |||||||||
| Visitor Experience project | 0 | 35,000 | |||||||||
| Support for Young People's | work | and website | 0 | 9,600 | |||||||
| Liturgical items including Great Cross |
0 | 1,748 | |||||||||
| 52,354 | 72,371 |
| f. | ||
|---|---|---|
| Market value | at I Ianuary 2020 | 150,597 |
| Additions at |
cost | 38,544 |
| Equalisations | (148) | |
| Disposals at carrying value | (40,323) | |
| Net unrealised | gain on investments | (11,836) |
| Market value | at 31 December 2020 | 136,834 |
| Ofwhich: | ||
| Listed investments | 136834 |
| The following investments account for mo |
re than 5'/a ofthe li | sted investm |
|---|---|---|
| 2020 | 2019 | |
| Aviva Investors UK SVCS Ltd | 5.8o a | 6 2a/a |
| Twenty Four Income Fund Ltd | 7 2o/o | |
| Henderson Investment |
7.7o o | 7.1'/o |
| Legg Mason Investment Funds Rare |
5.7o o | 5 pa/o |
| Schroder Income Maximiser | 5.5o o | |
| Schroder Unit Trust Strategic Credit | 7.0o o | 6.2'/o |
| First Trust Global Funds | 5.2/o | |
| Murray International Trust |
5.8o o | 7.4a/a |
| iShares | 5.9a/a | 7.9o a |
| Personal Assets Trust | 5.6a/o | |
| Schroder Strategic | 5.9'/o | |
| Vanguard | 5.3'/o |
| Debtors | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Restricted | Total | Total | |||||
| Funds | Funds | Funds | 2020 | 2019 | |||||
| Accrued income —interest | 1 | 1 | 56 | ||||||
| Gift Aid Claim | 1,174 | 1,174 | 744 | ||||||
| 1,175 | 1,175 | 130 | |||||||
| Current Asset Investment | |||||||||
| 2020 | 2019 | ||||||||
| CCLA Investment | Account | ||||||||
| Value at 1 | January | 45,180 | 38,327 | ||||||
| Additions | in year | 0 | 0 | ||||||
| Unrealised | profit/(loss) | in year | 3,541 | 6,853 | |||||
| Value at 31 December | 48,721 | 45,180 | |||||||
| Shawbrook | 12month | fixed | rate | accounts | 20,265 | 20,260 | |||
| 68,986 | 65,440 |
| 15. | Cash at Bank and in Ha | nd | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Restricted | Total | Total | |||||
| Funds | Funds | Funds | 2020 | 2019 | |||||
| Lloyds Current Accounts | 9,811 | 0 | 4,647 | 14,458 | 18,878 | ||||
| CAF 60 day Account | 20,000 | 0 | 0 | 20,000 | 20,000 | ||||
| CCLA Deposit Account | 78,315 | 0 | 0 | 78,315 | 112,086 | ||||
| Charles Stanley Income Account | 773 | 255 | 0 | 1,028 | 1,224 | ||||
| Charles Stanley Capital Account | 5,527 | 3,663 | 0 | 9,190 | 8,215 | ||||
| 114,426 | 3,918 | 4,647 | 122,991 | 160,403 | |||||
| 16. | Creditors | ||||||||
| Unrestricted | Endowment | Restricted | Total | Total | |||||
| Funds | Funds | Funds | 2020 | 2019 | |||||
| K | |||||||||
| Creditors | 0 | 0 | 1,467 | ||||||
| Accrued expenses | 1,500 | 1,500 | 1,500 | ||||||
| Grants payable | 0 | 0 | 1,748 | ||||||
| 1,500 | 1,500 | 4,715 | |||||||
| 17. | Restricted Funds | ||||||||
| At 1January | At 31 | December | |||||||
| 2020 | Income | Expenditure | 2020 | ||||||
| f. | |||||||||
| Arthur Mason Flower Fund | —income | 1,224 | 111 | 1,335 | |||||
| Reginald D Boeg Legacy | —income | 3,022 | 290 | 3,312 | |||||
| 4,246 | 401 | 4,647 |
| At 1January | At 31December | ||||
|---|---|---|---|---|---|
| 2019 | Income | Expenditure | 2019 | ||
| Arthur Mason Flower Fund - income | 1,276 | 448 | 500 | 1,224 | |
| Reginald D Boeg Legacy | —income | 3,647 | 1,375 | 2,000 | 3,022 |
| 4,923 | 1,823 | 2,500 | 4,246 |
| At 1January | At 31December | |||
|---|---|---|---|---|
| 2020 | Movements | 2020 | ||
| Arthur Mason Flower Fund - capital | 9,346 | (626) | 8,720 | |
| Reginald DBoeg Legacy | —capital | 24,576 | (1,647) | 22,929 |
| 33,922 | (2,273) | 31,649 |
| At 1January | At 31December | |||
|---|---|---|---|---|
| 2019 | Movements | 2019 | ||
| Arthur Mason Flower Fund | —capital | 9,029 | 317 | 9,346 |
| Reginald D Boeg Legacy - | capital | 23,768 | 808 | 24,576 |
| 32,797 | 1,125 | 33,922 |
| 19. | Movement | in Funds | ||||||
|---|---|---|---|---|---|---|---|---|
| Realised/ | At | |||||||
| At 1January | Unrealised | 31December | ||||||
| 2020 | Income | Expenditure | Gains / | 2020 | ||||
| Transfers | ||||||||
| General Fund | 333,687 | 26,517 | (62,151) | (5,863) | 292,190 | |||
| Realised/ | At | |||||||
| At 1January | Unrealised | 31December | ||||||
| 2019 | Income | Expenditure | Gains / | 2019 | ||||
| Transfers | ||||||||
| General Fund | 257,570 | 142,537 | (83,893) | 17,473 | 333,687 | |||
| 20. | Analysis ofNet Assets | Between Funds | ||||||
| Fixed Asset | Current | Current | ||||||
| Investments | Assets | Liabilities | Total | |||||
| K | ||||||||
| Unrestricted | funds | 109,103 | 184,587 | (1,500) | 292,190 | |||
| Restricted funds | 0 | 4,647 | 0 | 4,647 | ||||
| Endowment | Funds | 27,731 | 3,918 | 0 | 31,649 | |||
| 136,834 | 193,152 | (1,500) | 328,486 |
| Fixed Asset | Current | Current | |||
|---|---|---|---|---|---|
| Investments | Assets | Liabilities | Total | ||
| Unrestricted | funds | 116,675 | 221,727 | (4,715) | 333,687 |
| Restricted funds | 0 | 4,246 | 0 | 4,246 | |
| Endowment | Funds | 33,922 | 0 | 0 | 33,922 |
| 150,597 | 225,973 | (4,715) | 371,855 |