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||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|
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|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.|
##