2021-04-05-accounts

Trustees
The names of the Trustees are:	R D Smith (Chairman)
	Mrs H R J Barker		CHARITY COMMISSION
	CA Smith
EzeScanEzeScan	R W Smith (To 26 March 20 S H Smith	1
	Mrs J H Newman		1 9 OCT 2021
	S R H Smith
	R V Dyer		ACCOUNTS
Responsibility			RECEIVED

	Notes	2021	2020
Incoming Resources
Investment income	4	66,627	65,106
Voluntary contributions	5	2,750	3,125
Total Incoming Resources		£69,377	£68,231
Resources expended
Charitable activities	6	91,111	83,440
Total resources expended		£91,111	£83,440
Net incoming/outgoing resources before
other recognised gains		−21,734	−15,209
Other recognised losses	7	−9,384	−17,993
Unrealised gain/loss on investment assets	8	1,139,654	−289,229
Net movement on funds		1,108,536	−322,431
Fund balance brought forward 6 April 2020		3,078,320	3,400,751
Fund Balance carried forward at 5 April 2021		£4,186,856	£3,078,320

	Notes	2021	2020
Fixed Assets
Investments	8 & 10	2,805,029	2,116,362
Freehold Properties	9	1,224,303	132,430
		£4,029,332	£2,248,792
Current Assets
Short term deposit		115,553	114,835
Debtors	11	14,469	330,371
Cash at Bank		32,702	385,822
Total Current Assets		162,724	831,028
Liabilities:
Creditors falling due within one year	12	5,200	1,500
Net Current Assets		£157,524	£829,528
Net Assets		£4,186,856	£3,078,320
Unrestricted Funds		£4,186,856	£3,078,320

Note 4 −Investment Income	2021	2020
Rent received	12,000
Dividends	54,534	64,512
Bank interest	93	594
	£66,627	£65,106
Note 5 −Voluntary Contributions
Gift Aid donations	£2,750	£3,125
Note 6 — Charitable Activities
Grants made	62,903	57,023
Support Costs:
Property expenses		4,846
Grove Airfield expenses	7,663	4,945
Office and administration	3,751	1,007
Portfolio management fees	15,794	14,619
Independent Examination	1,000	1,000
	£91,111	£83,440
Note 7 — Recognised Gains/Losses on Investment Assets
Cost of investments realised	187,527	209,326
Realised proceeds	178,143	191,333
	−9,384	−17,993 −

	2021	2020
Note 8 −Unrealised Gains on Investment Assets
Value of land at 6 April 2020	487,173	487,173
Valuation at 5 April 2021	487,173	487,173
Decrease in valuation	0	0
Value of investments held at 6 April 2020	1,629,189	1,984,455
Cost of investments made in the year	391,610	143,289
Cost of investments sold during the year	−187,527	−209,326
	1,833,272	1,918,418
Value of investments held at 5 April 2021	2,317,856	1,629,189
Unrealised (losses)/gains during the year	484,584	−289,229	−
Total Investment assets	2,805,029	2,116,362
Note 9 −Freehold Properties
The Trust owns two freehold properties and has a half share
in another. The properties are let to ministers of religion rent
free. The property of which one−half is owned is occupied by
the owner of the other half share.

free. The property of which one−half is o the owner of the other half share.	wned is occupied by
	10 Checkers Walk	7 Bowyers Road	84 Cherwell Drive	Total
	Abingdon	Abingdon	Oxford
Cost at 6 April 2020	50,781	81,649		132,430
Cost in the year			436,803	436,803
Valuation 5 April 2021	600,000	187,500	436,803	1,224,303
Unrealised gain	£549,219	£105,851	£0	655,070
Note 10 −Investment Assets at Cost
Portfolio managed by Qui!ter Cheviot			1,986,461	1,779,748
(The investments are all in companies	quoted on the London
Stock Exchange)
84 Cherwell Drive, Marston, Oxford			436,803
Land −part of Grove Airfield			3,631	3,631
			£2,426,895	£1,783,379

	2021	2020
Note 11 −Sundry Debtors
Quilter Cheviot	715	900
Persimmon Homes		323,995
Grove Airfield Pool Trust	13,754	5,476
	£14,469	£330,371
Note 12 −Sundry Creditors
Rent received in advance	2,400
Accrued expenses	2,800	1,500
	£5,200	£1,500