2021-12-31-accounts

			Page
REPORTS
Annual	Report ofthe Trustees		1-5
Report	ofthe Independent	Examiner

UNRESTRICTED INC	OME FUND
		Note	2021	2020
			E
INCOME
Investments
Dividends			43,459	28,999
Deposit Interest			12	103
TOTAL INCOME			43,471	29,102
EXPENDITURE
Raising Funds			450	225
Charitable Activities
Grants			3,000	12,000
Direct Costs			7,534	15,870
TOTAL EXPENDITURE			10,984	28,095
NET MOVEMENT IN	FUNDS		32,487	1,007
OTHER RECOGNISED GAINS AND LOSSES
Gains on Investment	Assets (2020:Losses)	6	124,922	(99,024)
NET MOVEMENT IN	FUNDS		157,409	(99,024)
RECONCILIATION OF FUNDS
TOTAL FUND BALANCE BROUGHT FORWARD
AT 1 JANUARY 2021			1,835,434	1,933,451
TOTAL FUND BALANCE CARRIED FORWARD
AT 31 DECEMBER 2021			E1,992,843	F1,835,434

		2021	2020
		6
Nominee	Charges	E450	f225

EXPEND	ITURE ON CHARITABLE A	CTIVITIES —	GRANT	S
		Number	of
		Grants
Ordinary	Grants to Institutions
Brighton	and Hove Town Mission			500	500
Global Care				500	500
Lindfield	Christian Care Home			500	500
Mission	Care			500	500
Open Doors				500	500
Prison Fellowship				500	500
West Watch Trust					9,000
				E3,000	F12,000

EXPENDITURE ON	CH	ARITABL	E ACTIVITIES	—DIRECT COSTS
Insurance				4,802	4,728
Property Expenses				523	8,946
Postage, Stationery	and	Travel		31	30
Administration				6	23
Bank Charges				99	60
Depreciation
Trustees' Indemnity	Insurance			398	398
Governance Costs
Independent Examiner's		Fee		750	750
Preparation ofthe Accounts
by the Independent	Examiner's		Firm	925	935
				E7,534	F15,870

5	TANGIBLE FIXEDASSETS
			2021	2020
				E
	Freehold Land and Buildings	held for Charitable	Purposes
	Valuation
	At 1 January 2021
	and at 31 December 2021		952,876	952,876
	Furniture and Equipment
	Cost
	1 January 2021
	and at 31 December 2021		9,600	9,600
	Depreciation
	At 1 January 2021		9,600	9,600
	Charge for the year
	At 31 December 2021		9,600	9,600
	Net Book Value
	At 31 December 2021
	Summary
	Total Cost at 31 December 2021		962,476	962,476
	Total Depreciation at 31 December 2021		(9,600)	(9,600)
	Total Net Book Value at 31 December 2021		F952,876	F952,876

6	INVESTMENTS
		2021			2020f
	Market Value
	At 1 January 2021				753,645	911,583
	Additions at cost				74,973	67,023
	Disposal Proceeds				(30,272)	(125,938)
	Net Gain/(Loss)	on Revaluation			124,922	(99,023)
	At 31 December	2021			f923,268	f753,645
	Cost
	At 31 December	2021			f631,512	f586,482
	Net Gains on Revaluation		for the year
	Unrealised Gains/(Losses)				113,930	(99,994)
	Realised Gains/(Losses)				10,992	971
					f124,922	f(99,023)
	Net Unrealised	Gains
	At 31 December	2021			f291,756	f167,163
	Investment Assets in the		United	Kingdom	f923,268	f753,645

Included in investm value:	ents are the foll	owing, which repr	esent more than 5%	of the total
				0/
AstraZeneca	900Ordinary	Shares	78,102	8
Rio Tinto	991 Ordinary	Shares	48,480	52%
Sainsbury	18,000 Ordinary Shares		49,644	5.4%
Segro Ultra Electronics Unilever	7,000 Ordinary 1,500 Ordinary 1,600 Ordinary	Shares Shares Shares	100,555 47,700 63,128	10.9% 5.2% 6.8%
United Utilities	7,200 Ordinary	Shares	78,408	85%