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2021-12-31-accounts

Page
Report ofthe Trustees 1 to 3
Independent
Examiner's		 Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements 7 to 11
Detailed Statement ofFinancial Activities 12 to 13

2021 2020
Unrestricted Restricted Total Total
funds funds funds funds
Notes F 6
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 26,650 26,650 58,149
Charitable
activities
Prayer 874 874 72
Investment
income		 13,669 13,669 14,410
Other income 27,380 27,380 27,078
Total 68,573 68,573 99,709
EXPENDITURE ON
Raising funds 4,930 4,930 4,356
Charitable
activities
Prayer 61,613 61,613 114,640
Total 61,613 4,930 66,543 118,996
Net gains/(losses)
on		 investments 894 894 (26,778)
NET INCOME/(EXPENDITURE) 6,960 (4,036) 2,924 (46,065)
Other recognised
gains/(losses)
Gains on revaluation offixed assets 81,325 81,325 54,702
Net movement
in funds		 6,960 77,289 84,249 8,637
RECONCILIATION
OF FUNDS
Total funds brought forward 674,624 1,029,462 1,704,086 1,695,449
TOTAL FUNDS CARRIED FORWARD 681,584 1,106,751 1,788,335 1,704,086

31 DE CEMBER 2021
2021 2020
Unrestricted Restricted Total Total
Notes funds
f		 funds
f		 funds
6		 funds
6
FIXEDASSETS
Tangible assets 615,772 217,926 833,698 834,062
Investments 730,153 730,153 661,121
615,772 948,079 1,563,851 1,495,183
CURRENT ASSETS
Debtors 3,857 3,857 3,408
Cash at bank 63,695 158,672 222,367 207,235
67,552 158,672 226,224 210,643
CREDITORS
Amounts
falling due within one year		 (1,740) (1,740) (1,740)
NET CURRENT ASSETS 65,812 158,672 224,484 208,903
TOTAL ASSETS LESSCURRENT LIABILITIES 681,584 1,106,751 1,788,335 1,704,086
NET ASSETS 681,584 1,106,751 1,788,335 1,704,086
FUNDS 10
Unrestricted
funds		 681,584 674,624
Restricted funds 1,106,751 1,029,462
TOTAL FUNDS 1,788,335 1,704,086
The financial
statements
were approved		 by the Board of Trustees
and authorised
for issue on		 ..................................
't. ii ~ 2-m
and were signed on its behalf by:

2021 2020
Activity F F
Sundry income Prayer 874 72
RAISING FUNDS
Investment
management		 costs
2021 2020
6 F
Portfolio management 4,930 4,356

Trustees
during
the year ended 31 December
TANGIBLE FIXEDASSETS		 2021 nor for the period ended 31 Dec ember 2020.
Fixtures
Freehold and
property
f		 fittings Totals
F
COST
At 1 January 2021 828,953 66,364 895,317
Additions 429 429
At 31 December 2021 828,953 66,793 895,746
DEPRECIATION
At 1 January 2021 61,255 61,255
Charge for year 793 793
At 31 December 2021 62,048 62,048
NET BOOK VALUE
At 31 December 2021 828,953 4,745 833,698
At 31 December 2020 828,953 5,109 834,062

Listed
investments
MARKET VALUE
At 1 January 2021 661,121
Additions 34,648
Disposals (46,941)
Revaluations 81,325
At 31 December 2021 730,153
NET BOOK VALUE
At 31 December 2021 730,153
At 31 December 2020 661,121
There were no investment assets outside the UK.
Cost or valuation at 31 December 2021 is represented by:
Listed
investments
f
Valuation
in		 2021 730,153
8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
6 6
Prepayments 3,857 3,408
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
5 f
Other creditors 1,740 1,740
10. MOVEMENT IN FUNDS
Net
movement At
At 1.1.21
f		 in funds
5		 31.12.21
f
Unrestricted funds
General
fund		 674,624 6,960 681,584
Restricted funds
Capital
Fund		 799,978 77,289 877,267
Aberdeen
Fund		 229,484 229,484
1,029,462 77,289 1,106,751
TOTAL FUNDS 1,704,086 84,249 1,788,335

Net movement in funds,
inc		 lud ed
in t		 he above are as follows:
Incoming Resources Gains and Movement
resources expended losses in funds
6 6 6
Unrestricted funds
General fund 68,573 (61,613) 6,960
Restricted funds
Capital Fund (4,930) 82,219 77,289
TOTAL FUNDS 68,573 (66,543) 82,219 84,249
Comparativss for movement in funds
Net
movement At
At 1.1.20 in funds 31.12.20
8 8
Unrestricted funds
General
fund		 689,555 (14,931) 674,624
Restdicted funds
Capital Fund 776,410 23,568 799,978
Aberdeen
Fund		 229,484 229,484
1,005,894 23,568 1,029,462
TOTAL FUNDS 1,695,449 8,637 1,704,086
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Gains and Movement
resources expended losses in funds
8 6 8
Unrestricted funds
General
fund		 99,709 (114,640) (14,931)
Restricted funds
Capital Fund (4,356) 27,924 23,568
TOTAL FUNDS 99,709 (118,996) 27,924 8,637

FOR THE YEAR ENDED 31 DECEMBER 2021
2021f 2020f
INCOME AND ENDOWMENTS
Donations
and legacies
Donations 13,955 7,653
Legacies 41,293
Cottage 12,695 9,203
26,650 58,149
Investment
income
Dividend
income		 13,592 13,745
Deposit account interest 77 665
13,669 14,410
Charitable
activities
Sundry
income		 874 72
Other income
Pension
income		 8,672 17,078
NNDC Receipts 18,708 10,000
27,380 27,078
Total incoming
resources		 68,573 99,709
EXPENDITURE
Investment
management		 costs
Porffolio management 4,930 4,356
Charitable
activities
Rates and insurances 6,115 5,703
Premises
repairs and renewals		 11,855 22,234
Heat and light 7,927 6,361
Publication
costs		 52 75
Donations
paid		 2,332 471
Cottage expenses 124 511
28,405 35,355
Supportcosts
Other
Wages and salaries 3,771 4,650
Personal
and medical		 420 450
Chapel Chaplain
and Retreat		 1,088 347
Printing,
post, stationery		 and telephone 806 1,401
Equipment
repairs and renewals		 3,035 2,248
Motor and travel expenses 7,904 3,425
Sundry expenses 128
Funeral costs 3,742 3,107
Carried forward 20,766 15,756

FOR THE YEAR ENDED 31 DECE MBER 2021
2021 2020
f. 8
Other
Brought forward 20,766 15,756
Aberdeen
expenses		 815 809
Food and household costs 5,941 4,986
Fares and holidays 720
Care costs 1,969 53,360
Fixtures and fittings 793 805
31,004 75,716
Governance costs
Accountancy
and legal fees		 2,204 3,569
Total resources expended 66,543 118,996
Net income/(expenditure) before gains and
losses 2,030 (19,287)
Realised recognised gains and losses
Realised gains/(losses) on fixed asset investments 894 (26,778)
Net income/(expenditure) 2,924 (46,065)