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|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|
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|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|||
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||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|
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|||||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|
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||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|
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||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|
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||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|
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|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|
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|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|
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|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|
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|||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||
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|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|
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|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|
##
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|||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|
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|||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|
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|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|
##
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|||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|
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