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|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|||||
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|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|
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||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|
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||||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|
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|Unrestricted|Total|Total|
|---|---|---|
|funds|funds|funds|
|2021|2021|2020|
||8|5|
|5,000|5,000||
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||||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||
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|||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||
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|||||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||
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||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|
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||||||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|
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||||||||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|
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||||||||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|
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|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|
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