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Mattern on whkh w8 are requlred lo report by •xc•pUon
In the lighl al our kno￿edge and understanding of the compary #s wNw(￿ent oblalned In Ihe course ol the
awlit, ha¥e not Identif￿ maletsl ffltssta￿ in Ihe direGtots' ￿p(￿L
We have nolhng lo report in respect ol the foknYwJ m*lw5 li rdalKr* Io T*kb*h the C(ffip*w5Act 2W6 requkes
us to rewt to you If. in ouropinion:
adequate accourw rer&rds hm rntbefjn kep( Lyrelwns lor hawè nol been rttelved from
bra￿he5 not ￿Sited ty us". or
Ihe financlal slatam¥ts we not kn ayftemenlwlth the r•c<th retums: or
dlreciors were nDtenlitledto prepaTethe f￿a￿la1 stalernenls kn a¢cLYdance**h thesmalcompantE5 Tegim8
and take advantage ol the small compwie5' exemptlorts kn prepar¥¥ th8 direcim. report.
Responslbllllles of dlrncto
As explalned more fulty in the drethr5' resp￿￿1b￿￿*es Slat￿nert. Ihe dwectDf5 are responsible lor the p￿pa￿tIon
of the financial slalemerts 8ntJ for being satisf￿d that they glve a Irue and Iw bryew. and for such uilernal Contr￿ as
the director5 defe￿11e is necessary lo enable the preparati￿ ol fvwnciat statements Ihat ara Iree from malerial
D￿sStaIemenl whether due lo or¥￿r.
In preparing the financial staiements, Ihe dirac1￿5 we lespry￿Ibkn for as5esslng the CThnpan￿S abilily lo contirwe
as a 90ing concern. discloslng. as appfThble. mauers related to concern and using the goiThJ concem basis Df
accounting l￿leSS Ihe direclots erther intend lo Iwidale Ihe company or lo ¢ea5e operalions, or have no reali51ic
lemalive t￿1 lo do so.
Audltovs r•spcnslbllllks for the atsdlt of the financlal statem•nts
Our objectlves are lo obtaln weasonablg asSU￿ce abo￿ whethw the f￿a￿la1 statemen15 as a Who￿ afe IRe
malerial misslat8menl, whthr ¢*Je to fraud or ¢rrnr. aKI to155ue m aud&orfs report that inC￿deS ow opinion.
Reax)nable a55wance Is a hlgh le￿1 of assurnnco. bul 15 n(* a gu￿rrtee that an audii ￿nducted ￿ aCCo￿ance
with ISAS (UK) will aw detecia rnsstalemenl when R e￿Sts. MIsstaten￿lS arisè Irom Iraud oreffor
and are consldered maleiial rf. ifyJivvJu￿ty or In the aggwe. they ctxdd reasonably be expe¢led lo Innuen¢e the
eGonomic dec15itins of token ￿ the basis rf these fmKlal sl*emenls.
A further descriilton of ow resp￿51tiiIl1ies lor the ol the stalemvnts Is located on the Financlal
Rep(Nting Council'g *pb511e * https".IlwMY.frc.wJ.uklOw-W(xklAudillA￿￿￿4ndv8$suranCOlS13ndard&aTh￿-
guid8nEelSlandards•aNl%iidanGe-ftK-aLthorslAuditof>responsknOrtles.for4uditlDe5crlplion-of-aud1try5.
reSpl￿tillI*s4or-aUd¢t.awx. TNS I0￿S pwt of ow aK11t￿5 rwt
Use of our report
This report bs made 50blyto th• chwlable membe￿. as 8W, in accordancewilh ChApler3 01 Part 16
ofthe Companks Act zooe. Our V￿rfE ha5 bern undwtaken so that we might slale lo the compan￿$ Mem￿F5
those matters we are requlred lo slate to thtyn in an authtorfs rewl and f(K nD olher purpose. To the f￿￿eSt extent
pennlitad by Iww. we do not actspl Dr aSs￿ne respanslbffty lo anJvn¢ othEr Ilw the coryany Ihe ¢ompany's
mwnbern 89 a tdy. lorour audit wcyk. thk fepD¢ orfor the qjriirms Tmd hBve lormed.
22 Mar 2021
Sary&iniha L S IlAar ZE ?021
Samantha DaFle15 FCA (Senior Sl*ulory A￿1￿￿1)
For and cffl behall ol Shaw Gbbs Lln*ed
Chart•rad CertWl8d Accountsnls arml s￿uknyA
264 Banbury Road
Oxlord OX2 7DY

## 

## 

||||Unrestricted|Restricted|Totals||Totals|
|---|---|---|---|---|---|---|---|
||||Funds|Funds|2020||2019|
|Incoming Resources|||f|f|f||f|
|Investment<br>Income and|Interest||38,960|107,174|146,134||154,117|
|Donations|||0|0|0||1,000|
|Capital changes<br>to Funds|||0|0|0||436,000|
|Total Incoming Resources|||38,960|107,174|146,134||591,117 '|
|Resources Expended||||||||
|Portfolio Management<br>Fees|||4488|16233|20,721||12,959|
|Allocations<br>and Interest|paid to funds||0|103174|103 174||109,368|
|Administration|||1,253|0|1,253||1,536|
|Audit Fees|||0|4,000|4,000||3,660|
|Professional<br>Fees - Accounting|||5,600|0|5,600||3,200|
|Grants<br>to General Assembly|||32,107|0|32,107||37,352|
|Total Resources Expended|||43,448|123,407|166,855||168,075|
|Net Resources expended|||-4,488|-16,233 [|-20,721|i|423,042|
|Realized<br>Gain|||2,079|7,519|9,598||13,069|
|Net Income for the Year|||-2,409|8'714|11'123||436'111|
|Unrealized<br>Gain on Investments|||20,758|-75,079|-95,837||116,789|
|Net Movemenl<br>in Funds|||-23,167|-83,793|-106,960||552,900|
|Balances brought<br>forward||at 1st Oct 2019|783,471|2,833,614|3,617,086||3,064,186|
|Net Movemenl|||23,167|-83,793|-106-960||552,900|
|Balance carried forward|at|30 September 2020|760,305|2,749,821|3,510,126||3,617,086|





## 

## 

||||||||2020|2020|2019|2019|
|---|---|---|---|---|---|---|---|---|---|---|
|Fixed Assets|||||||||||
|||Listed investments||||(Notes 4 and|||||
|||10|||||3,473717||3596894||
|||||||||3,473717||3596894|
|Current Assets|||||||||||
|||Redmayne|Bentley|||Dealing|||||
|||accounts|||||87,645||65,698||
|||Cafcash|||||4,984||12,741||
|||CAFGOLD|||||37,460||30,294||
|||Cash<br>subtotal|||||130,089||108,733||
|||Sundry Debtors|||||18,963||20,462||
|||||||||149,052||129,195|
|Current|Liabilities|Creditors|||||||||
|||Sund<br>Creditors|||Note 5||18081||13497||
|||General Assembl|||||32,087||39,559||
|||Miscellaneous||contras|||285||1,909||
|||Other Restricted funds<br>Note 11|||||62 190||54,038||
|||Creditors||||||112,643||109003|
|||Net Current|Assets|||||36,409||20,192|
|||Total Assets||less current liabilities||||3,510126||3,617086|
|Capital and|||||||||||
|Reserves|||||||||||
|||Accumulated||Funds||- General|760,304||783,472||
|||Accumulated||Funds||—Restricted|||||
|||Note 11|||||2,749,822||2,833,614||
|||||||||3,510,126||3,617,086|





## 



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## 



## 

## 

||2020|2019|
|---|---|---|
|Market value<br>1 Oct|3,596,891|3.073.068|
|Additions|413,574|489,034|
|Disposals|(450,511)|(95,069)|
|Realized Gains/(losses)|9,598|13,069|
|Unrealized<br>Gains/(losses)|(95,837)|116,789|
|Market Value at 30Sept|3,473,715|3,596,891|
|Historical cost as at 30Sept|3,036,631|2,971.261|



|Sundry Cre|ditors||||
|---|---|---|---|---|
||||2020|2019|
||||f|f|
|Audit Fee|||3,920|3,700|
|Accounting|Services||3,200|3,200|
|Portfolio Management||Fees (2"4 Oct)|10.961|6,597|
||||18,081|13,497|



## 

|||Unrestricted|Restricted|
|---|---|---|---|
|1 October 2019||783,472|7,833,614|
|Gains on investments||(18,680)|(67,559)|
|Portfolio Management|Fees|(4.488)|(16,233)|
|Changes<br>in Capital||||
|30September 2020||760,304|2,749,822|





## 

## 

|1 October 2018||758,151|2,370,111|
|---|---|---|---|
|Gains on investments||28,128|101,730|
|Porffolio Management|Fees|(2,807)|(10,152)|
|Changes<br>in Capital||0|436,000|
|30September 2019||783,472|2,833,614|



## 

## 

## 



## 

## 

|||Investment<br>Portfolio||Addrlions|or|Gains|Proceeds|on|Market Value||
|---|---|---|---|---|---|---|---|---|---|---|
|No|ofShares|E uities||Mkt Value|2019|Real or unreal|Disposal||30Sept 2020<br>Book|Cost|
||126,700|A2D Funding<br>8pic|||144,945|1,077||0|146,022|126,700|
||120,000|Retail Charily Bonds (Highlown)|pk||123,960|(1,110)||0|122,850|120,580|
||20,000|M&G Charifund<br>Income Units|||317.780|(77,034)||0|240,746|206,568|
|||Real Estate and unclassified|||||||||
||80,000|Primary<br>Health Propertes<br>pic|||106080|12,640|||118,720|70,261|
||169,565|Trilax Big Box Reit pic|||253,669|9,157|||262,826|188,630|
||100,000|Trilax Eurobox pic Ords|||95,000|(7200)|||87,800|94,701|
||75000|[Valu Trac Inv Mgmt Gravis UK|||74,861[|(6.563)|||68,298|74,860|
||70,000|[Lxr Reit|||91,140[|(15.540)|||75,600|72 549|
||200,000|Ciwtas Social Housing<br>PLC|||173,200|38,000|||211,200|201,763|
||100,000|GCP Student Living pic Ord 1p|||171,000|47,600|||123,400|107,686|
|||Equity Inv Instruments|||||||||
||100,000|GCP Infrastructure<br>Inv Ltd Ord|Ip||126,600|(10.000)||0|116,600|117357|
||100,000|John Laing Environ Asset Grp|Lid||118,000|500||0|118,500|105511|
||60000|Liontrusl<br>Inveslmenls|||97275|10,569||0|'07844|97275|
||56040|Octopus Renewables<br>Infra TR pic|||56055|5 309||0|61364|56055|
|||[Polar Capital Global Fin Tsl pic|Ord 5p||140,000[|1 468||141,468|0[||
||69,783|Sequoia Economic Infra Inc Fd|NPV||80,200|(7,345)||0|72,855|73.887|
|||Twenlyfour<br>Select Monthly<br>Inc Fd Ords Ip|||93,000|(9,442)||83,558|0||
||75,000|Investec Fund Managers<br>Global Envl|||78,233|14,250||0|92,483|78232|
|||Unit Trusts OEIC|||||||||
||140,056|Edenlree<br>Inve<br>M g mt Amity Bat|for Ch anti as A||154622|(21,429)||0|133,193|150,017|
||150,000|Edenlree<br>Invesmt Mgmt Amity|UK Fund B||121 283|2,045||123,328|0||
||150,000|Edenlree<br>Inveslml<br>Mg mt Amity|Sterling Bend||175.200|300||0|175500|174,670|
||100,000|FiL Invessnt Svcs (UK) Lld Global Div|||202,200|(7,100)||0|195100|127,820|
||79,000|Foresight Gap LLP|||84.750|15,256||0|100006|84.750|
||50,000|Henderson<br>Global Investors<br>Global Care|||283,452|43,255||102.157|224.550|95,006|
||150,000|JP Morgan Mule-Asset Trust|||146,550|(21,300)||0|125,250|140,533|
||50,000|Legg Mason Investment<br>Funds|Rare GL||60,600|(2,800)||0|57,800|58.310|
||200,000|Rathbone<br>Unit Trust Mgmt Etrfcal|||202,500|3,800||0|206,300|187.950|
||100,000|Royal London Asset Mgmt<br>Irl Ex Yield|||120.210|(10,400)||0|109.810|117550|
||100,000|Royal London Asset<br>M g mt Ethical Bond|||118,100|1,000||0|119,100|107,410|
||||||4 010,465 -|86.238||45061I|3,473,717|3,036,631|





## 

## 

|||||||||Ca ital|||Income||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||Distrib'n|||
||||||||Balance|Net Ca|Balance|Balance|Allocation|&||Balance|
||||||||Oct 19||Se t20|Oct 19|ofIncome|Grants||Se 20|
|Banbury Cha<br>el Chari|||||||80935|-2393|78 542|62|3 188||3 188|-179|
|Banbu<br>Relief in|Need|||Chari|||4 732|-140|4,592||186||186|-10|
|Phili<br>Barker Cha|el|Fund|||||14,476|-42$|14,048||527||570|-32|
|Bath Fund|||||||72,068|-2,131|69,937|55|2,624||2,836|-157|
|Bicentena<br>Fund|||||||894|-26|868|53|33|||86|
|Bickerton Fund|||||||30,786|-910|29 $76|2257|1,121|||3,37$|
|Bowie Fund|||||||25,163|-744|24,419|19|916||992|-57|
|Bournemouth<br>Fund|||||||336,468|9,949|326~519|258|12,251|13,2443||-735|
|Dr CA Greaves Bequest|||||||14,792|-437|14,355|3796|5391||0|4,335|
|Carlisle Unitarian|Church||||Fund||25i961|-767|25i194|1$|945||1,020|-57|
|Carmarthen<br>Fund|||||||65,540|-1,938|63,602|9717|2386||9,717|2 386|
|Congleton<br>Unitarian||Church||||Fund|28,4G I|-$42|27619|22|I 036||I 121|-63|
|TBCrai<br>Fund|||||||35,433|-1,048|34,385|27|1,290||1,396|-79|
|CroR Unitarian<br>Chapel||||Fund|||1,883||1,827|226|G9|||-157|
|Douglas<br>Isle ofMan|||Fund||||19,451|-575|18,876|15|708||766|-43|
|Exeter Fund|||||||155,309|-4,593|150,716|118|5,655||6,112|-339|
|Henry Walter Fairey||Specific|||||||||||||
|Be uest|||||||29,295|-866|28,429|6821|I 067|||7,$$8|
|Filby Old Meetin|House||||Fund||135,390|-4,003|131,387|103|4930||532$|-295|
|AR Stock Trust<br>Hastin||||s|Fund||20,264|-600|19,664|16|738||798|-44|
|Huddersfield<br>Fund|||||||23 331|-690|22,641|18|849||920|-53|
|llford Unitarian<br>Church||||Fund|||186526|-5516|181010|142|6 791||7 340|-407|
|Lawrence House Fund|||||||25 492|-754|24,738|7192|928|||8 120|
|Maidstone<br>Unitarian||Church||||Hall|||||||||
|Fund|||||||149,159|-4,411|144,74$|114|5 431||5,872|-327|
|Ministers<br>Stipend|Augmentation||||||||||||||
|Fund|||||||450,561|-13,323|437238|11190|16,405||3,700|23,895|
|Mc<br>uaker Trust|Scotland||||||53 57$|-I 584|51 994|279|1,951||2 000|230|
|Moretonhampstead|(Smethurst||||||||||||||
|Hall Fund|||||||8 192|24'i|7,950||298|||305|
|Newbu<br>Fund|||||||7 841|-232|7,609||2$5||314|24|
|Putne<br>Unitarian<br>Church||||Fund|||223,834|-6,619|217215|171|8 150||8 812|-491|
|~Presb<br>erian Fund|||||||104,843|-3,101|101742|6599|3,817||180|10,236|
|Richmond<br>Hill Church|||Parsonage||||||||||||
|Fund|||||||32,845|-971|31,874|26|I 196|I|1294|-72|
|Rin wood Fund|||||||23 526|-696|22,830|1$|857||924||
|Sunderland<br>Fund|||||||17709|5'74|17 185|13|645||696|-38|
|Stock ort Fund|||||||293 560|-8 680|284,$80|225|106$9|11 556||-642|
|Tenterden<br>Old Meetin||||House Fund|||7 187|-213|6974||262||2282|-15|
|Wareham<br>Fund|||||||25,391|-751|24 640|18|925||1,000|-57|
|Wellin<br>ton<br>ew|Zealand||||Fund||30,123|-891|29,232|4811|1,097|||5,908|
|Welsh Uni Mins Educ/|||Social|||Fund|72,615|-2,147|70,468|56|2,644||2,$58|-158|
||||||||2,833,614|-$3,791|2,749.$22|54,038|103,174|95,024||62,190|





## 

## 

|Restricted|funds-|Fund|activit|for|the|ear ended|30Se tember|2019||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||Ca ital|||Income||||
||||||||||||Distrib'n|||
|||||||Balance|Net Cap|Balance|Balance|Allocation|&|Balance||
|||||||Oct 18|Movement|Se t 19|Oct 18|ofincome|Grants|Se|19|
|Total||||||2,306,035|527,580|2,833,614|34,836|109,368|90,168|54,038||