| Trustees | The Very Revd D Gwilliams | (Chairman) | ||
|---|---|---|---|---|
| Canon MMorris (Vice Chairman) | ||||
| JAllen | ||||
| Canon MJDBishop | ||||
| ColJBlake (until 3 October | 2021) | |||
| Canon SMLloyd | ||||
| MMulvaney | ||||
| PRead (from 3 October 2021) | ||||
| Revd Canon A Townshend | ||||
| Charity Registration | number | 250402 | ||
| Company Number | 00540920 | |||
| Registered | Office | The Cathedral | ||
| Stag IIill | ||||
| Guildford | ||||
| Surrey | ||||
| GU2 7UP | ||||
| Independent | Examiner | Danielle Grif6n FCA | ||
| Moore (South) LLP | ||||
| Priory House | ||||
| Sydenham Road |
||||
| Guildford | ||||
| Surrey | ||||
| GU1 3RX | ||||
| Investment | Manager | Charles Stanley k Co.Ltd | ||
| 70-72 Chertsey Street | ||||
| Guildford | ||||
| Surrey | ||||
| GU1 4HL |
| FOR | FOR | THK YEARTO | 31DECEMB | ER2021 | ||
|---|---|---|---|---|---|---|
| Notes | Unrestricted | Kndowment | Restricted | Total | Total | |
| Funds | Funds | Funds | 2021 | 2020 | ||
| Income and endowments | ||||||
| from: | ||||||
| Donations and legacies |
2 | 33,135 | 33,135 | 20,318 | ||
| Other trading activities | 3 | 1,547 | 1,547 | 52 | ||
| Investments | 4 | 6,392 | 250 | 6,642 | 6,803 | |
| Total income | 41,074 | 250 | 41,324 | 27,173 | ||
| Expenditure on: |
||||||
| Raising funds | 5,577 | 273 | 5,850 | 5„345 | ||
| Charitable activities |
24,744 | 24,744 | 55,437 | |||
| Other expenditure | 2,056 | 2,056 | 1,465 | |||
| Total expenditure | 32,377 | 273 | 32,650 | 62,247 | ||
| Net gains/(losses) on |
||||||
| investments 12, |
14 | 14,768 | 2,856 | 17,624 | (8,295) | |
| Net income / (expenditure) | 23,465 | 2,833 | 26,298 | (43,369) | ||
| Reconciliation offunds: | ||||||
| Total funds brought forward | 292,190 | 31,649 | 4,647 | 328,486 | 371,855 | |
| Total funds carried forward | 315„655 | 34,482 | 4,647 | 354,784 | 328,486 |
| Donations and Le a | cies | ||||
|---|---|---|---|---|---|
| Unrestricted | Endowment | Restricted | Total | Total | |
| Funds | Funds | Funds | 2021 | 2020 | |
| Donations | 165 | 165 | 485 | ||
| Legacies | 26,000 | 26,000 | 10,851 | ||
| Subscriptions | 5,986 | 5,986 | 7,714 | ||
| Gift Aid | 984 | 984 | ls268 | ||
| 33,135 | 33,135 | 20,318 |
| Unrestricted | Endowment | Restricted | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2021 | 2020 | |
| Social Events (seeNote 10) | 1,307 | 1,307 | |||
| Trading income | 240 | 240 | 52 | ||
| 1,547 | 1,547 | 52 |
| Unrestricted | Endowment | Restricted | Total | Total | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2021 | 2020 | |
| Dividends | 6,129 | 250 | 6,379 | 6,116 | |
| Interest | 263 | 263 | 687 | ||
| 6,392 | 250 | 6,642 | 6,803 |
| Unrestricted | Endowment | Restricted | Total | Total | ||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2021 | 2020 | ||
| K | K | |||||
| Social events (seeNote 10) | 590 | 590 | ||||
| Investment | Manager fees | 985 | 273 | 1,261 | 953 | |
| Support costs (seeNote 8) | 3,999 | 3,999 | 4,392 | |||
| 5,577 | 273 | 5,850 | 5,345 |
| Charita | ble Activities |
|||||
|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Restricted | Total | |||
| Funds | Funds | Funds | 2021 | |||
| Grants | (seeNote 9} | 22,053 | 22,053 | 52,354 | ||
| Support | costs (seeNote 8) | 2,691 | 2,691 | 3,083 | ||
| 24,744 | 24,744 | 55,4~7 |
| Unrestricted | Endowment | Restricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2621 | 2020 | ||||
| Independent | Examiner's | fee | 1,500 | 1,500 | 1,200 | |||
| Underaccrued | 2020 | 210 | 210 | |||||
| Trustee Indemnity | Insurance | 333 | J3J | 252 | ||||
| Legal fees | 13 | 13 | 13 | |||||
| 2,056 | 2,056 | 1,465 |
| Grants made to Guild | ford Cathe |
dral | |||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Support sub-organist's Maternity leave cover |
salary give (Schools4 |
streaming work: advancement families: education) |
ofregion) | 25,850 3,255 |
|
| AV equipment {forlive streaming: |
advancement ofreligion) |
14,472 | 6,840 | ||
| ITupgrade (live streaming: advancement ofreligion) |
16,409 | ||||
| Additional laptops for |
for flexible | working for staQ' | 3,581 | ||
| Benches for Cathedral | Green (outside Seasons) | 4,000 | |||
| 22,053 | 52,354 |
| Fixed Asset Investments | |||
|---|---|---|---|
| Unrestricted | Endow ment | Total | |
| Market value at 1 January 2021 | 109,103 | 27,731 | 136,834 |
| Additions at cost |
74,405 | 28,109 | 102,514 |
| Equalisations | (56) | {7) | (63) |
| Disposals at carrying value | {73,047) | (25,215) | (98,262) |
| Net gain on investments | 7,181 | 2,856 | 10,037 |
| Market value at31December 2021 | 117,586 | 33,474 | 151,060 |
| Ofwhich: | |||
| Listed investments | 51060 |
| The following investm |
en | ts account for mo |
re than 5%ofthe li | sted investme |
|---|---|---|---|---|
| 2021 | 2020 | |||
| Aviva Investors UK SVCSLtd | 5.8% | |||
| Henderson Investment |
7.7% | |||
| Legg Mason Investment | Funds Rare | 57% | ||
| Schroder Unit Trusts | 8.0% | 7.0% | ||
| Murray International |
Trust | 5.8% | ||
| iShares | 8.5o/o | 5.9% | ||
| Personal Assets Trust | 5.6% | |||
| Schroder Strategic | 5.9o/o | |||
| Vanguard Funds |
5.3% | 5.3% |
| 13. | Debtors | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Kndwvmeni | Restricted | Total | Total | ||||||
| Funds | Funds | Funds | 2021 | 2020 | ||||||
| f. | K | K | ||||||||
| Accrued income —interest | 3 | 3 | 1 | |||||||
| Gift Aid Claim | 869 | 869 | 1,174 | |||||||
| 872 | 872 | 1,175 | ||||||||
| 14. | Current Asset Investment | |||||||||
| 2020 | ||||||||||
| CCLA Investment | Account | f. | ||||||||
| Value at 1 | January | 48,721 | 45,180 | |||||||
| Unrealised | profit/(loss) | in year | 7,587 | 3,541 | ||||||
| Value at31December | 56,308 | 48,721 | ||||||||
| Shawbrook | 12month | fixed | rate | accounts | 20,265 | 20,265 | ||||
| 76,573 | 68,986 |
| 15. | Cash at Bank and in Han | d | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Restricted | Total | Total | |||
| Funds | Funds | Funds | 2021 | 2020 | |||
| Lloyds Current Accounts | 29,877 | 4,647 | 34,524 | 14,458 | |||
| CAF 60day Account | 20,000 | 20,000 | 20,000 | ||||
| CCLA Deposit Account | 69,135 | 69,135 | 78,315 | ||||
| Charles Stanley Income Accounts 598 |
598 | 1,028 | |||||
| Charles Stanley Capital Accounts 3,237 |
1,008 | 4,245 | 9,190 | ||||
| 122,847 | 1,008 | 4,647 | 128,502 | 122,991 | |||
| 16. | Creditors | ||||||
| Unrestricted | Endowment | Restricted | Total | Total | |||
| Funds | Funds | Funds | 2021 | 2020 | |||
| Creditors | 573 | 573 | 0 | ||||
| Accrued expenses | 1,650 | 1,650 | l.,500 | ||||
| 2,223 | 2,223 | 1,500 | |||||
| 17. | Restricted Funds | ||||||
| At 1January | At31 | December | |||||
| 2021 | Income | Expenditure | 2021 | ||||
| f. | |||||||
| Arthur Mason Plower Pund - income 1,335 |
1,335 | ||||||
| Reginald DBoegLegacy - income 3,312 |
3,312 | ||||||
| 4,647 | 4,647 |
| Restricted funds for year ended 31 | December 202 | 0 | ||
|---|---|---|---|---|
| At 1January | At31December | |||
| 2626 | Income | Expenditure | 2026 | |
| Arthur Mason Plower Pund - income | 1,224 | 111 | 1,335 | |
| Reginald DBoegLegacy - income | 3,022 | 290 | 3~312 | |
| 4,246 | 401 | 4,647 |
| Endowment | |||
|---|---|---|---|
| At 1January | At 31December | ||
| 2021 | Movements | 2021 | |
| Arthur Mason Flower Fund —capital | 8,720 | 781 | 9,501 |
| Reginald DBoegLegacy - capital | 22,929 | 2,052 | 24,981 |
| 31,649 | 2,833 | 34,482 |
| At 1January | At31December | ||
|---|---|---|---|
| 2020 | Movements | 2020 | |
| Arthur Mason Flower Fund - capital | 9,346 | (626) | 8,720 |
| Reginald DBoegLegacy - capital | 24,576 | (1,647) | 22,929 |
| 33,922 | (2,273) | 31,649 |
| Realisedl | At | |||||||
|---|---|---|---|---|---|---|---|---|
| At 1January | Unrealised | 31December | ||||||
| 2021 | Income | Expenditure | Gains I | 2021 | ||||
| Transfers | ||||||||
| General Fund | 292,190 | 41,074 | (32,377) | 14,768 | 315,655 | |||
| Realisedl | At | |||||||
| At 1January | Unrealised | 31December | ||||||
| 2020 | Income | Expenditure | Gains l | 2020 | ||||
| Transfers | ||||||||
| General Fund | 333,687 | 26,517 | (62,151) | (5,863} | 292,190 | |||
| Analysis of | Net Assets | Between Funds | ||||||
| Fixed Asset | Current | Current | ||||||
| Investments | Assets | LiabHities | Tntal | |||||
| Unrestricted | funds | 17,586 | 200,292 | (2,223) | 315,655 | |||
| Restricted funds | 4,647 | 4,647 | ||||||
| Endowment | Funds | 33,474 | 1,008 | 34,482 | ||||
| 151,060 | 205,947 | (2,223) | 354,784 |
| Analysis of | Net Assets be | tween funds for year e | nded 31Bece | mber 2020 | |
|---|---|---|---|---|---|
| Fixed Asset | Current | Current | |||
| Investments | Assets | Liabilities | |||
| Unrestricted | funds | 109,103 | 184,587 | (1,500) | 292,190 |
| Restricted funds | 4,647 | 4,647 | |||
| Endowment | Funds | 27,731 | 3,918 | 31,649 | |
| 136,834 | 193,152 | (1,500) | 328,486 |