2020-12-31-accounts

	Endowment and 26 Graham	Endowment and 26 Graham	Endowment and 26 Graham
	IncomeCapital		Terrace
	(Unrestricted)	(Unrestricted)(Designated)		2020	2019
	fundsfundsfunds			Total	Total
Notes
Income and endowments
Voluntary income2	10,025			10,025100
Investment income and rents receivable 3	174,082			174,082	189,063
Total income	184,107			184,107	189,163
Expenditure
Charitable activities	107,842	138,503		246,345	169,992
Total expenditure	107,842	138,503	-	246,345	169,992
Net income
before investment gains	76,265	(138,503)	-	(62,238)	19,171
Net gains/(losses) on investments		(18,551)		(18,551)	239,014
Net income	76,265	(157,054)		(80,789)	258,185
Transfers between funds	(76,265)	76,265
Net movement in funds		(80,789)	-	(80,789)	258,185
Total funds brought forward		2,180,532	190,687	2,371,219	2,113,034
Total funds carried forward	-	2,099,743	190,687	2,290,430	2,371,219

			2020	2019
	Notes
Fixed assets Tangible assets Investments	6 7		190,687 1,985,807	190,687 2,092,379
			2,176,494	2,283,066
Current assets Debtors	8	1,500		1,500
Capital cash funds held by Stockbrokers		91,937		36,774
Cash at bank and in hand		27,122		56,542
		120,559		94,816
Creditors: amounts failing
due within one year	9	(6,623)		(6,663)
Net current assets			113,936	88,153
Net assets			2,290,430	2,371,219
Funds
Unrestricted funds - 26 Graham Terrace Fund (Designated)			190,687	190,687
Unrestricted funds - General endowment and capital fund			2,099,743	2,180,532
Total funds			2,290,430	2,371,219
The financial statements were approved	by the Trustees on2^^lTLicffe-44!^'2021			and signed by

1.7.	Investments
	Investments held comprise shares listed on the UK and overseas Stock Exchanges, income units in the
	Charities Official Investment Fund, authorised unit trusts and UK Government Stocks. The investments
	are stated at market value at the balance sheet date	and the gain or loss taken to the statement of
	financial activities.
	Current asset investments are at the lower of cost and net realisable value.
2.	Voluntary income
		Unrestricted	2020	2019
		funds	Total	Total
	Donations	10,025	10,025	100
		10,025	10,025	100
3.	Investment income and rents receivable
		Unrestricted	2020	2019
		funds	Total	Total
	UK dividends	20,203	20,203	30,887
	UK unit trust income	23,146	23,146	24,728
	UK Government stock income	30	30	29
	Non-UK securities income	9,972	9,972	10,893
	COIF income	819	819	803
	Investec gross deposit interest	16	16	232
	Rents receivable	119,896	119,896	121,491
		174,082	174,082	189,063

- by f Costs of charitable activities	und type	und type
	IncomeCapital
(Unrestricted)(Unrestricted)			2020	2019
	fundsfunds		Total	Total
Contribution to PCC	979		979	455
Costs re provision of 85 Chester Row	16,686		16,686	16,008
Presbytery:
Water rates, Council tax and insurance	9,025		9,025	5,195
Electricity and gas	8,477		8,477	9,707
Equipment and maintenance	-	124,079	124,079	68,381
Cleaning	3,087		3,087	7,142
Architect fees	39,283		39,283	3,000
Other Pineapple Project costs	5,606		5,606	21,080
26 Graham Terrace:
Water rates, Council tax and insurance	1,035		1,035	811
Equipment and maintenance	1,125		1,125	2,274
Letting agents' fees	15,587		15,587	15,337
Support costs
Administration services and expenses	-			2,424
Accountancy fees	3,090		3,090	3,060
Broker's fees	-	14,424	14,424	14,993
Legal fees	3,862		3,862	125
	107,842	138,503	246,345	169,992

6.	Tangible assets - Freehold property	Unrestricted Designated
		fundsfund	Total
		St Mary's26 Graham
		Presbytery Terrace
	Cost
	At 1 January 2020 and
	At 31 December 2020	190,687	190,687
	Net book values
	At 31 December 2020	190,687	190,687
	At 31 December 2019	190,687	190,687
	Market values
	At 31 December 2020
	(based on insurance
	values)	2,417,159 352,980	2,770,139
	At 31 December 2019	417,159 352,980	2,770,139
	Fixed asset investments	Listed
		investments	Total
	Valuation
	At 1 January 2020	2,092,379	2,092,379
	Additions	99,838	99,838
	Disposals	(222,064)	(222,064)
	Revaluations	15,654	15,654
	At 31 December 2020	1,985,807	1,985,807
	Historical cost as at 31 December 2020	1,611,380	1,611,380
	All fixed asset investments are held within the United Kingdom.
8.	Debtors
		2020	2019
	Sundry debtor - Letting agents' float	1,500	1,500

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+1.45% St Mary's Trust Portfolio
+1.53% Bespoke Benchmark
-11.55% FTSE 100 Index
+ 8.27% FT Government All stock Index
+13.95% S&P 500 Index
I am pleased to report that the portfolio, during calendar year 2020, had performed
significantly better than the UK equity market as measured by the FTSE100 index and
was almost exactly in line with the benchmark.The benchmark is perhaps a more
realistic guide to performance as it is a combination of both domestic and overseas
equity indices with some weighting in property, the fixed interest sector and the non-
correlated alternative assets class.