| Page | ||||
|---|---|---|---|---|
| Reference and Administrative Details |
||||
| Report ofthe Trustees | 2 | to | 3 | |
| Independent Examiner's |
Report | |||
| Statement of Financial | Activities | |||
| Balance Sheet | ||||
| Notes to the Financial Statements | 7 | to | 12 |
| PRINCIPAL ADDRESS | PRINCIPAL ADDRESS | The Vicarage | |
|---|---|---|---|
| Newbegin | |||
| Hornsea | |||
| East Yorkshire | |||
| HU18 1AB | |||
| REGISTERED | CHARITY | 257705 | |
| NUMBER | |||
| INDEPENDENT | EXAMINER | Smailes Goldie | |
| Chartered Accountants |
|||
| Regent's Court |
|||
| Princess Street | |||
| Hull | |||
| East Yorkshire | HU2 8BA | ||
| ADVISERS | Bankers | ||
| HSBC Bank Pic, 1 King Street, | |||
| Bridlington, YO15 2DL. |
|||
| Stockbrokers | |||
| J.M. Finn &Co, 4 Coleman Street, | |||
| London, EC2R | 5TA. |
| for the year ended | 31st Decem | ber 2020 | |||||
|---|---|---|---|---|---|---|---|
| 2020 | 2019 | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| Notes | fund E |
fund f |
funds E |
funds | |||
| INCOME AND ENDOWMENTS | FROM | ||||||
| lnvustnient income |
2 | 51,618 | 12,357 | 63,976 | 87,768 | ||
| EXPENDITURE ON | |||||||
| Raising funds | 3 | 19,949 | 4,559 | 24,508 | 33,095 | ||
| Charitable activities |
|||||||
| Grants | 8,968 | 8,968 | 27,211 | ||||
| Other | 1,602 | 1 602 | 1,590 | ||||
| Total | 30,519 | 4,559 | 35,078 | 61,896 | |||
| Net gains/(losses) | on investments | 27,399 | ~5,122) | 22 277 | 128,097 | ||
| NET INCOME | 48,498 | 2,676 | 51,174 | 153,969 | |||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds brought forward | 1,291,754 | 543,500 | 1,835,254 | 1,681,285 | |||
| TOTAL FUNDS CARRIED FORWARD | 1,340,252 | 040170 | 1,086,420 | 1,335,254 |
| Hornsea Church Lands Balance Sheet 31stDecember 2020 |
|||
|---|---|---|---|
| 2020 | 2019 | ||
| Notes | E | 6 | |
| FIXEDASSETS | |||
| Investments | |||
| Investments | 1,138,702 | 1,126,926 | |
| Investment property |
565,000 | 565,000 | |
| 1,703,702 | 1,691,926 | ||
| CURRENT ASSETS | |||
| Debtors | 1,792 | 1,441 | |
| Cash at bank | 182,524 | 143,477 | |
| 184,316 | 144,918 | ||
| CREDITORS | |||
| Amounts falling due within one year |
9 | (1,590) | (1,590) |
| NET CURRENT ASSETS | 182,726 | 143,328 | |
| TOTAL ASSETS LESSCURRENT | |||
| LIABILITIES | 1,886,428 | 1,835,254 | |
| NET ASSETS | 1,886,428 | 1,835,254 | |
| FUNDS | |||
| Unrestricted funds |
1,340,252 | 1,291,754 | |
| Restricted funds |
546,176 | 543,500 | |
| TOTAL FUNDS | 1,888,428 | 1.835.254 |
| 2020f | 2019 f |
|||||||
|---|---|---|---|---|---|---|---|---|
| Rental income received | ||||||||
| 1 Market | Place, | Hornsea | 3,000 | 3,000 | ||||
| 3 Market | Place, | Hornsea | 5,100 | 6,190 | ||||
| Flat 1,5 Market | Place, Hornsea | 2,446 | 5,250 | |||||
| Flat 2, 5 Market | Place, Hornsea | 3,839 | 2,982 | |||||
| Flat 3,5 Market | Place, Hornsea | 1,730 | 3,271 | |||||
| 7 Market | Place, | Hornsea | 4,800 | 4,800 | ||||
| 9Market | Place, | Hornsea | 4,730 | 4,730 | ||||
| Cheeseman's Farm - Clark |
5,090 | 5,090 | ||||||
| Allotments | 730 | 720 | ||||||
| 31,465 | 36,187 | |||||||
| Portfolio | income | 32,510 | 51,581 | |||||
| 63,975 | 87,768 | |||||||
| 3. | RAISING | FUNDS | ||||||
| 2020f | 2019 | |||||||
| Portfolio management | 12,910 | 13,742 | ||||||
| Property | repairs | and expenses | 7,213 | 14,551 | ||||
| Insurance Property |
management | 1,820 ~2565 |
1,764 3,038 |
|||||
| 24,508 | 33,095 | |||||||
| 4. | GRANTS | PAYABLE | ||||||
| 2020 f |
2019 f |
|||||||
| Grants | 8,968 | 27,211 | ||||||
| The total | grants | paid to institutions | during | the year was as follows: | ||||
| 2020 f |
2019 f |
|||||||
| Hornsea | Parochial Church |
Council | 8,968 | 27,211 |
| FIXEDASSET INVESTMENTS | |
|---|---|
| Listed | |
| investments | |
| E | |
| MARKET VALUE | |
| At 1stJanuary 2020 | 1,126,926 |
| Additions | 186,209 |
| Disposals | (253,780) |
| Change in market value |
79,347 |
| At 31st December 2020 | 1,138,702 |
| NET BOOK VALUE | |
| At 31st December 2020 | 1,132,162 |
| At 31st December 2019 | 1,126,626 |
| INVESTMENT PROPERTY | |
|---|---|
| FAIR VALUE | |
| At 1stJanuary 2020 | |
| and 31st December 2020 | 565,000 |
| NET BOOK VALUE | |
| At 31st December 2020 |
565,000 |
| At 31st December 2019 | 565,000 |
| 8. | DEBTORS:AMOUNTS | FALLING | FALLING | DUE WITHIN ONE YEAR | DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|---|---|---|---|
| 2020 f |
2019 f |
|||||||
| Rental income | 1,185 | 1,185 | ||||||
| Investment income |
257 | 256 | ||||||
| Allotment debtor |
350 | |||||||
| 1,792 | 1,441 | |||||||
| 9. | CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE | YEAR | |||||
| 2020 f |
2019 f |
|||||||
| Other creditors | 1,590 | 1,590 | ||||||
| 10. | ANALYSIS OF NET ASSETS BETWEEN FUNDS | |||||||
| 2020 | 2019 | |||||||
| Unrestricted | Restricted | Total | Total | |||||
| fund f |
fund | funds f |
funds f |
|||||
| Investments | 1,289,974 | 413,728 | 1,703,702 | 1,691,926 | ||||
| Current assets Current liabilities |
51,868 ~1,590) |
132,448 | 184,316 ~7,500) |
144,918 ~1,500) |
||||
| 1,340,252 | 546176 | 1,806,420 | 1,835.254 | |||||
| 11. | MOVEMENT IN FUNDS |
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| Net | ||||||||
| movement | At | |||||||
| At | 1.1.20 f |
in funds f |
31.12.20 f |
|||||
| Unrestricted funds |
||||||||
| General fund | 1,291,754 | 48,498 | 1,340,252 | |||||
| Restricted funds | ||||||||
| Restricted (Fabric) Fund | 543,500 | 2,676 | 546,176 | |||||
| TOTAL FUNDS | 1,035,254 | 51,174 | 1,006,428 |
| Net movement in funds, include |
d in the abo |
ve are as follo | ws: | ||
|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | ||
| resources f |
expended f |
losses f |
in funds | ||
| Unrestricted funds |
|||||
| General fund | 51,618 | (30,519) | 27,399 | 48,498 | |
| Restricted funds | |||||
| Restricted (Fabric) Fund |
12,357 | (4,559) | (5,122) | 2,676 | |
| TOTAL FUNDS | 63,975 | (35,078) | 22,277 | 51,174 | |
| Comparatives for movement |
in funds | ||||
| Net | |||||
| movement | At | ||||
| At 1.1.19 f |
in funds f |
31.12.19 f |
|||
| Unrestricted funds |
|||||
| General fund | 1,209,122 | 82,632 | 1,291,754 | ||
| Restricted funds | |||||
| Restricted (Fabric) Fund |
472,163 | 71,337 | 543,500 | ||
| TOTAL FUNDS | 1,681,285 | 153969 | 1,835254 |
| Comparative net movement in funds |
, included in the above |
are as follows: | ||
|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | |
| resources F |
expended f |
losses | in funds f |
|
| Unrestricted funds |
||||
| General fund |
54,600 | (51,381) | 79,413 | 82,632 |
| Restricted funds | ||||
| Restricted (Fabric) Fund | 33,168 | (10,515) | 48,684 | 71,337 |
| TOTALFUNDS | 87,768 | $61,896) | 128,097 | 153,969 |