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|**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<br>S H Smith|1||
||Mrs J H Newman||1 9 OCT 2021|
||S R H Smith|||
||R V Dyer||ACCOUNTS|
|**Responsibility**|||RECEIVED|



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## 

||**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**|





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||**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**|





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|---|---|---|
|**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<br>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|