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|---|---|---|---|
|Reference and Administrative
Details ofthe Charity,||its Trustees and Advisers||
|Trustees'
Report|||2-5|
|Independent
Examiner's|Report|||
|Statement of Financial|Activities|||
|Balance Sheet||||
|Notes to the Financial Statements|||9-17|
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|Trustees|||Mr Gareth|Phillips,|Phillips,|PCC Nominee|PCC Nominee|PCC Nominee|ik|Chairman|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||Dr Mark Deller, PCC||||Nominee||||||
||||The Revd|Ravi Holy,|||Vicar||||||
||||Mr Graham|Thorne,|||Church|Warden||(resigned||1 February 2020)|
||||Mrs Evelyn|House,||Church||Warden|||||
||||Mr David Ross, Church Warden||||||(appointed||1|April 2020)|
|Charity registered|||||||||||||
|number|||262613||||||||||
|Principal|office||Cumberland
Court||||||||||
||||Church Street||||||||||
||||Wye||||||||||
||||Kent||||||||||
||||TN25 58]||||||||||
|Independent||Examiner|Magee Gammon||Corporate|||Limited|||||
||||Chartered|Accountants|||||||||
||||Henwood|House|||||||||
||||Henwood||||||||||
||||Ashford||||||||||
||||Kent||||||||||
||||TN24 BDH||||||||||
|Bankers|||Lloyds Bank pic||||||||||
||||81 High Street||||||||||
||||Ashford||||||||||
||||Kent||||||||||
||||TN24 BSS||||||||||
|Solicitors|||Hallett 8Co||||||||||
||||11Bank Street||||||||||
||||Ashford||||||||||
||||Kent||||||||||
||||TN23 1DA||||||||||
|Treasurer|and clerk to||Mr Francis|Huntington|||||||||
|the trustees|||||||||||||
|Honorary|advisors||Mr)ames|Loudon|||||||||
||||Mr David Collingwood||||||||||
|Investment||advisors|Central
Board of||Finance ofthe||||Church of England||||
||||80 Cheapside||||||||||
||||London||||||||||
||||EC2V 6DZ||||||||||
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|The trustee|s
who serve|d
during
the year were as follow|s:|s:|
|---|---|---|---|---|
|The Revd|Ravi Holy|(Vicar)|from 14January 2010||
|Mr Gareth|Phillips|(PCC Nominee
ik Chairman)|from 7 November|2012|
|Dr Mark Deller||(PCC Nominee)|from 153uly 2013||
|Mrs Evelyn|House|(Church Warden)|from 3June 2019||
|Mr Graham|Thorne|(Church Warden)|from 3 3une 2019|to 1 February 2020|
|Mr David Ross||(Church Warden)|from 1 April 2020||
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||||Unrestricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2020|2020|2020|2019|
|||Note|E|E|E|E|
|Income and endowments|from:||||||
|Investments||3|34,416||34,416|34,202|
|Total income and endowments|||34,416||34,416|34,202|
|Expenditure
on:|||||||
|Charitable
activities|||25,167||25,167|30,086|
|Total expenditure|||25,167||25I167|30,086|
|Net gains on investments||||66,907|66,907|126,893|
|Net movement
in funds|||9,249|66,907|76,156|131,009|
|Reconciliation
offunds:|||||||
|Total funds brought
forward|||36,120|816,733|852,853|721,844|
|Net movement
in funds|||9,249|66,907|76I156|131,009|
|Total funds carried forward|||45,369|883,640|929,009|852,853|
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|||||||2020||2019||
|---|---|---|---|---|---|---|---|---|---|
|||||Note||E||E||
|Fixed assets||||||||||
|Investments||||||883,640||816,733||
|Current assets||||||||||
|Debtors||||9|8,651|||8,431||
|Cash at bank and|in hand||||37,798|||28,757||
||||||46,449|||37,188||
|Creditors: amounts|falling|due within one||||||||
|year||||10|(1,080)|||(1,068)||
|Net current assets||||||45,369||36,120||
|Total net assets||||||929,009||852,853||
|Charityfunds||||||||||
|Endowment
funds||||12||883,640||816,733||
|Unrestricted
funds||||12||45,369||36,120||
|Total funds||||||929,009||852,853||
|The financial
statements||were approved|and|authorised|for issue by the|Trustees|on 26|May 2021 and signed|on|
|their behalf by:||||||||||
|Mr Gareth Phillips|||||Mr Fran|is Hunti|gton|||
|(Chair ofTrustees)|||||Treasurer|||||
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|||Un-|||
|---|---|---|---|---|
|||restricted|Total|Total|
|||funds|funds|funds|
|||2020|2020|2019|
|||E|E|E|
|Cash on Deposit||129|129|193|
|CDBF/Luxmoore|Trust|8,812|8,812|8,903|
|Global Equity Fund||3,803|3,803|3,730|
|Property
Fund||1,308|1,308|1,606|
|Investment
Fund||20,364|20,364|19,770|
|Tote I 2020||34,416|34,416|34,202|
|Total 2019||34,202|34,202||
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|||Un-|||
|---|---|---|---|---|
|||restricted|Total|Total|
|||funds|funds|funds|
|||2020|2020|2019|
|||E|E|E|
|Direct|costs|25,167|25,167|30,086|
|Total|2019|30(086|30086||
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||Activities||||
|---|---|---|---|---|
||undertaken|Support|Total|Total|
||directly|costs|funds|funds|
||2020|2020|2020|2019|
||E|E|E|E|
|Direct costs|22,587|2,580|25,167|30,086|
|Total 2019|27,518|2,568|30,086||
|Analysis ofdirect costs|||||
||||Total|Total|
|||Activities|funds|funds|
|||2020|2020|2019|
|||E|E|E|
|Church
insurance||5,780|5,780|5,656|
|Various fabric repairs||16,620|16,620|21,807|
|Bank charges||||25|
|Sundry expenses||187|187|30|
|Total 2020||22,587|22,587|27,518|
|Total 2019||27,518|27,518||
|Analysis ofsupport costs|||||
||||||Total|Total|
|---|---|---|---|---|---|---|
|||||Activities|funds|funds|
|||||2020|2020|2019|
|||||E|E|E|
|Clerk to the trustees||honoraria||1,500|1,500|1,500|
|Independent|examiner's||fees|1,080|1,080|1,068|
|Total 2020||||2,580|2,580|2,568|
|Total 2019||||2,568|2,568||
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||||||2020|2019|
|---|---|---|---|---|---|---|
|Fees payable|to the Charity's|independent||examiner for the independent|||
|examination|of the Charity's|annual|accounts||1,080|1,068|
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|||||Other fixed|
|---|---|---|---|---|
|||||asset|
|||||investments|
|Cost or valuation|||||
|At 1January 2020||||816,733|
|Revaluations||||66,907|
|At 31December 2020||||883,640|
|Net book value|||||
|At31December 2020||||883,640|
|At 31 December 2019||||816,733|
|The market value of investments|is represented|by:|||
|The CBFChurch of England|||||
||||2020|2019|
||||6|6|
|Property
Fund - income shares|||27,978|29,442|
|Investment
Fund - income shares|||716,359|670,267|
|Global Equity Income Fund - income shares|||139,303|117,024|
||||883,640|816,733|
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|9.|Debtors||FOR|THE YEAR ENDED 31DECEMB|ER 2020||
|---|---|---|---|---|---|---|
||||||2020|2019|
||||||E|E|
||Prepayments|and accrued||income|8,651|8,431|
|10.|Creditors:|Amounts|falling due within one year||||
|2020|2019|
|---|---|
|E|E|
|1,080|1,068|
||||||2020
E|2019
E|
|---|---|---|---|---|---|---|
||Accruals and deferred|income|||1,080|1,068|
|11.|Financial instruments||||||
||||||2020|2019|
||||||E|E|
||Financial assets||||||
||Financial assets measured||at fair value through|income and expenditure|37,798|28,757|
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||Statement o|f|funds - current year|||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
||||Balance at 1||||31|
||||3anuary|||Gains/|December|
||||2020|Income|Expenditure|(Losses)|2020|
||||E|E|E|E|E|
||Unrestricted||funds|||||
||General funds||36,120|34,416|(25,167)||45,369|
||Endowment|funds||||||
||Capital fund||816,733|||66,907|883,640|
||Total offunds||852,853|34,416|(25,167)|66,907|929,009|
||Statement offunds - prior year|||||||
||||||||Balance at|
||||Balance at||||31|
||||13anuary|||Gains/|December|
||||2019|Income|Expenditure|(Losses)|2019|
|||||E|E|E|E|
||Unrestricted||funds|||||
||General funds||32,004|34,202|(30,086)||36,120|
||Endowment|funds||||||
||Capital fund||689,840|||126,893|816,733|
||Total offunds||721,844|34,202|(30,086)|126,893|852,853|
|13.|Summary
of|funds||||||
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|Summary|offunds - c|urrent year|||||
|---|---|---|---|---|---|---|
|||||||Balance at|
|||Balance at 1||||31|
|||January|||Gains/|December|
|||2020
f|Income
f|Expenditure
f|(Losses)
f|2020
f|
|General funds||36,120|34,416|(25,167)||45,369|
|Endowment|funds|816,733|||66,907|883,640|
|||852,853|34,416|(25,167)|66,907|929,009|
|Summary|offunds - prior year||||||
|||||||Balance at|
|||Balance at||||31|
|||1January|||Gains/|December|
|||2019
f|Income
f|Expenditure|(Losses)
f|2019
f|
|General funds||32,004|34,202|(30,086)||36,120|
|Endowment|funds|689,840|||126,893|816,733|
|||721,844|34,202|(30,086)|126,893|852,853|
||||Unrestricte|Endowment|Total|
|---|---|---|---|---|---|
||||d funds|funds|funds|
||||2020|2020|2020|
||||f|f|f|
|Fixed asset investments||||883,640|883,640|
|Current|assets||46,449||46,449|
|Creditors|due within|one year|(1,080)||(1,080)|
|Total|||45,369|883,640|929,009|
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|Analysis ofnet assets between
funds - p|rior period|||
|---|---|---|---|
||Unrestricted|Endowment|Total|
||funds|funds|funds|
||2019|2019|2019|
||E|E|E|
|Fixed asset investments||816,733|816,733|
|Current assets|37,188||37,188|
|Creditors due within one year|(1,068)||(1,068)|
|Total|36,120|816,733|852,853|
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