| Page | |||||
|---|---|---|---|---|---|
| Reference and administrative | details ofthe Charity, | its Trustees | and advisers | ||
| Trustees' report |
2-5 | ||||
| Independent examiner's report |
|||||
| Statement offinancial | activities | ||||
| Balance sheet | |||||
| Notes to the financial | statements | 9-17 |
| REFERENCE AND | REFERENCE AND | REFERENCE AND | ADMINISTRATIVE | DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS | DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS | DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS | DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS |
|---|---|---|---|---|---|---|---|
| FOR THE YEAR ENDED 31 DECEMBER 2021 | |||||||
| Trustees | Mr Gareth Phillips, |
PCC Nominee &Chairman |
|||||
| Dr Mark Deller, | PCC Nominee | ||||||
| The Revd Ravi Holy, Vicar | |||||||
| Mrs Evelyn House, | Church | Warden | (resigned 7June 2021) | ||||
| Mr David Ross, | Church Warden | ||||||
| Charity registered | |||||||
| number | 262613 | ||||||
| Principal office | Cumberland Court |
||||||
| Church Street | |||||||
| Wye | |||||||
| Kent | |||||||
| TN25 5BJ | |||||||
| Independent | Examiner | Magee Gammon | Corporate | Limited | |||
| Chartered Accountants |
|||||||
| Henwood House |
|||||||
| Henwood | |||||||
| Ashford | |||||||
| Kent | |||||||
| TN24 6DH | |||||||
| Bankers | Lloyds Bank pic | ||||||
| 81 High Street | |||||||
| Ashford | |||||||
| Kent | |||||||
| TN24 866 | |||||||
| Solicitors | Hallett & Co |
||||||
| 11 Bank Street | |||||||
| Ashford | |||||||
| Kent | |||||||
| TN23 1DA | |||||||
| Treasurer | and clerk to | Mr Francis Huntington | |||||
| the trustees | |||||||
| Honorary | advisors | Mr James Loudon | |||||
| Mr David Collingwood | |||||||
| Investment | advisors | Central Board of Finance of | the Church of England | ||||
| 80Cheapside | |||||||
| London | |||||||
| EC2V 6DZ |
| The Revd Ravi Holy | (Vicar) | from | 14January 2010 |
|---|---|---|---|
| Mr Gareth Phillips |
(PCC Nominee &Chairman) |
from | 7 November 2012 |
| Dr Mark Deller | (PCC Nominee) | from | 15July 2013 |
| Mrs Evelyn House | (Church Warden) | from | 3June 2019 until 7 June 2021 |
| Mr David Ross | (Church Warden) | from | 1 April 2020 |
| FOR T | HE YEA | R ENDED 31 DE | CEMBER 2021 | |||
|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Total | Total | |||
| funds | funds | funds | funds | |||
| 2021 | 2021 | 2021 | 2020 | |||
| Note | E | E | E | E | ||
| Income and endowments | from: | |||||
| Donations and legacies |
5,000 | 5,000 | ||||
| Investments | 35,387 | 35,387 | 34,415 | |||
| Total income and endowments | 40,387 | 40,387 | 34,416 | |||
| Expenditure on: |
||||||
| Charitable activities |
48,624 | 48,624 | 25,157 | |||
| Total expenditure | 48,624 | 48,624 | 25,167 | |||
| Net (expenditure)/income | before net | |||||
| gains on investments | (8,237) | (8,237) | 9,249 | |||
| Net gains on investments | 129,014 | 129,014 | 56,907 | |||
| Net movement in funds |
(8,237) | 129,014 | 120,777 | 76,155 | ||
| Reconciliation offunds: |
||||||
| Total funds brought forward |
45,369 | 883,640 | 929,009 | 852,853 | ||
| Net movement in funds |
(8,237) | 129,014 | 120,777 | 76,156 | ||
| Total funds carried forward | 37,132 | 1,012,654 | 1,049,786 | 929,009 |
| BALANCE SHEET | BALANCE SHEET | ||||||
|---|---|---|---|---|---|---|---|
| AS AT 31 DECEMBER 2021 | |||||||
| 2021 | 2020 | ||||||
| Note | 6 | ||||||
| Fixed assets | |||||||
| Investments | 1,012,654 | 883,640 | |||||
| Current assets | |||||||
| Debtors | 10 | 8,959 | 8,651 | ||||
| Cash at bank and | in hand | 29,266 | 37,798 | ||||
| 38,225 | 46,449 | ||||||
| Creditors: amounts | falling due within one | ||||||
| year | (1,093) | (f,080) | |||||
| Net current | assets | 37,132 | 45,369 | ||||
| Total net assets | 1,049,786 | 929,009 | |||||
| Charity funds | |||||||
| Endowment | funds | 13 | 1,012,654 | 883,640 | |||
| Unrestricted | funds | 13 | 37,132 | 45,369 | |||
| Total funds | 1,049,786 | 929,009 |
| Unrestricted | Total | Total |
|---|---|---|
| funds | funds | funds |
| 2021 | 2021 | 2020 |
| 8 | 5 | |
| 5,000 | 5,000 |
| Un- | |||||
|---|---|---|---|---|---|
| restricted | Total | Total | |||
| funds | funds | funds | |||
| 2021 8 |
2021 | 2020f | |||
| Cash on Deposit | 19 | 19 | 129 | ||
| CDBF/Luxmoore | Trust | 9,107 | 9,107 | 8,812 | |
| Global Equity Fund | 3,878 | 3,878 | 3,803 | ||
| Property Fund | 1,407 | 1,407 | 1,308 | ||
| Investment | Fund | 20,976 | 20,976 | 20,364 | |
| Total 2021 | 35,387 | 35,387 | 34,416 | ||
| Total 2020 | 34,416 | 34,416 |
| Un- | ||||
|---|---|---|---|---|
| restricted | Total | Total | ||
| funds | funds | funds | ||
| 2021 | 2021 | 2020 | ||
| 8 | E | |||
| Direct | costs | 48,624 | 48,624 | 25,167 |
| Total | 2020 | 25,167 | 25,167 |
| Activities | |||||||
|---|---|---|---|---|---|---|---|
| undertaken | Support | Total | Total | ||||
| directly | costs | funds | funds | ||||
| 2021 | 2021 | 2021 | 2020 | ||||
| F | 8 | ||||||
| Direct costs | 46,032 | 2,592 | 48,624 | 25,187 | |||
| Total 2020 | 22,587 | 2580 | 25,157 | ||||
| Analysis ofdirect costs | |||||||
| Total | Total | ||||||
| Activities | funds | funds | |||||
| 2021 | 2021 | 2020 | |||||
| F | F | F | |||||
| Church insurance | 6,019 | 6,019 | 5,780 | ||||
| Various fabric repairs | 4,682 | 4,682 | 18,620 | ||||
| Sundry expenses | 331 | 331 | 187 | ||||
| Covid support | 5,000 | 5,000 | |||||
| Organ fund grant | 30,000 | 30,000 | |||||
| Total 2021 | 46,032 | 46,032 | 22,587 | ||||
| Total 2020 | 22,587 | 22,587 | |||||
| Analysis ofsupport |
coats | ||||||
| Total | Total | ||||||
| Activities | funds | funds | |||||
| 2021 F |
2021 F |
2020f | |||||
| Clerk to the trustees | honoraria | 1,500 | 1,500 | 1,500 | |||
| Independent | examiner's | fees | 1,092 | 1,092 | 1,080 | ||
| Total 2021 | 2,592 | 2,592 | 2,580 | ||||
| Total 2020 | 2,580 | 2,580 |
| FOR THE YEAR | ENDED | 31 | DECEMB | ER 2021 | ||
|---|---|---|---|---|---|---|
| 7. | Independent examiner's remuneration |
|||||
| 2021 f. |
2020f | |||||
| Fees payable to the Charity's independent |
examiner | for the independent | ||||
| examination ofthe Charity's annual accounts |
1,092 | 1,080 | ||||
| 8. | Trustees' remuneration and expenses |
|||||
| During the year, no Trustees received any | remuneration | or other | benefits (2020-fNIL). | |||
| During the year ended 31 December 2021, | no Trustee expenses | have been incurred (2020-fNIL). | ||||
| 9. | Fixed asset investments |
| Other fixed | ||||
|---|---|---|---|---|
| asset | ||||
| investmentsf | ||||
| Cost or valuation | ||||
| At 1 January 2021 | 883,640 | |||
| Revaluations | 129,014 | |||
| At 31 December 2021 | 1,012,654 | |||
| Net book value | ||||
| At 31 December 2021 | 1,012,654 | |||
| At 31December 2020 | 883,640 | |||
| The market value ofinvestments | is represented | by: | ||
| The CBFChurch of England | ||||
| 2021 | 2020f | |||
| Property Fund - income shares |
31,969 | 27,978 | ||
| Investment Fund - income shares |
818,838 | 716,359 | ||
| Global Equity Income Fund - income shares | 161,847 | 139,303 | ||
| 1,012,654 | 883,640 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| 8 | ||||||
| Prepayments | and accrued income | 8,959 | 8,651 | |||
| 11. | Creditors: Amounts | falling due within one year | ||||
| 2021 | 2020 | |||||
| 6 | ||||||
| Accruals and | deferred | income | 1,093 | 1,080 | ||
| 12. | Financial instruments | |||||
| 202'I | 2020 | |||||
| 6 | ||||||
| Financial assets | ||||||
| Financial assets measured at fair value through |
income and expenditure | 29,266 | 37,798 |
| Balance at | |||||||
|---|---|---|---|---|---|---|---|
| Balance at 1 | 31 | ||||||
| January | Gains/ | December | |||||
| 2021 | Income | Expenditure | (Losses) | 2021 | |||
| 6 | F | 6 | F | ||||
| Unrestricted | funds | ||||||
| General funds | 45,369 | 40,387 | (48,624) | 37,132 | |||
| Endowment | funds | ||||||
| Capital fund | 883,640 | 129,014 | 1,012,654 | ||||
| Total offunds | 929,009 | 40,387 | (48,624) | 129,014 | 1,049,786 | ||
| Statement offunds - prior year | |||||||
| Balance el | |||||||
| Balance at | 31 | ||||||
| 1January | Gainer | December | |||||
| 2020 | Income 6 |
Expenditure | f | (Losses) | 2020 6 |
||
| 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 |
| Balance at | |||||||
|---|---|---|---|---|---|---|---|
| Balance at 1 | 31 | ||||||
| January | Gains/ | December | |||||
| 2021 | Income f |
Expenditure | f | (Losses)f | 2021 F |
||
| General funds | 45,369 | 40,387 | (48,624) | 37,132 | |||
| Endowment | funds | 883,640 | 129,014 | 1,012,654 | |||
| 929,009 | 40,387 | (48,624) | 129,014 | 1,049,786 | |||
| Summary | offunds - prior year | ||||||
| Balance al | |||||||
| Balance at | 31 | ||||||
| 1January | Geina' | December | |||||
| 2020f | Income f |
Expenditure | f | (Losses) | 2020f | ||
| General funds | 36,120 | 34,416 | (25,167) | 45,369 | |||
| Endowment | funds | 616,733 | 66,907 | 683,640 | |||
| 852,853 | 34,416 | (25,167) | 66,907 | 929,009 |
| Analysis | of net assets between funds - current year |
|||
|---|---|---|---|---|
| Unrestricted | Endowment | Total | ||
| funds | funds | funds | ||
| 2021 | 2021 | 2021 | ||
| E | ||||
| Fixed asset investments | 1,012,654 | 1,012,654 | ||
| Current | assets | 38,225 | 38,225 | |
| Creditors | due within one year | (1,093) | (1,093) | |
| Total | 37,132 | 1,012,554 | 1,049,786 | |
| Analysis | of net assets between funds - prior year | |||
| Unrestricted | Endowment | Total | ||
| funds | funds | funds | ||
| 2020 f |
2020 | 2020 | ||
| 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 |