2021-04-05-accounts - The Ivor Read Charity

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Reference and administrative	information	Page 1
Trustee's report
Independent examiner's report
Statement offinancial activities
Balance sheet
Notes to the financial statements		8-12

						Unrestricted
					Designated	General	Total Funds	Tofei Funds
					Capital Fund	Fund	2021	2020
				Note	6	6	6
Income and Endowments		from:
Investment income						42,001	42,001	42,200
Total income						42,001	42 001	42,200
Expenditure
Charitable actiwties						61,242	61,242	42,630
Total expenditure						51 242	61,242	42 630
Net income I (expenditure)
Other recognised	gains and losses
Unrssgsed gains on revaluation			of
property assets					126,000		125,000
)ransfer Between Funds
Net movement in funds for the year					126,000	(9,241)	115,759	(430)
Total funds brought	fonvsrd				626,000	16,002	641,002	541,432
Total funds carried	forward							641 002
The notes on pages	6 to 12form part ofthese			financisl statements

The	ivor	Read Charity						Page
Notes to		the financial statements
For	the year ended 6 April 2021
1	Accounting Pogcies
		Basis ofpreparation offinancial statements
		The financial statements have been prepared in accordance with Accounting and Reporting by Chastise' Statement of Recommended Practice applicable to charities prepsnng their accounts in accordance with the Finenmal Reporting Standard applicable In the UK snd Republic of ireland (FRS102)(effective January 2019)and Chanbes Act 2011.Assets snd fiabilibes are inrliefiy recognised st histoncal cost or transaction value unless stated m the relevant accounting policy note.
	1.2	Fund accounting
		General funds are unrestncted funds whkh are available for use at the discrebon of Ihe Trustees objectives ofthe charity end which have not been designated for other purposes.			in furtherance	ofthe general
		Designated funds compnse unrestricted funds that have been set aside by the Trustees for use ofeach designated fund is sel out in the notes to ihe financiel statements.	particular purposes.			The aim and
		Investmenl income, gains end losses are allocated to ths approprmte fund.
		Income
		Afi income is induded in the Statement ofFinancial Activities when the chsrfiy is legally entitled cen be quantified with reasonable accuracy. For legacies, entNem ant is the earlier ofthe charily distnbution or the legacy bmng rscewed.		lo the income snd the amount bemg notified ofan impending
	1.4	Expenditure
		Expenditure is accounted for on sn eccrusls basis. The chanly is not registered for VAT and included in the lotal expenditure.	therefore irrecoverable				VAT is
		Grants payable sre charged as expenditure when s constructive obligation to pay them comes mto existence, which grants are agreed by the Trustees end the recipients informed. Normsfiy the grants are paid immedmtely					is when	the
		Expenditwe incurred comprise the folkwnng
		The cost ofgenerating funds and the direct costs assooated with generafing income.
		Chentable activities is expenditure on payments lo the charity beneflmaries for the mamtenance Cathedral.		ofthe fabric of Canterbury
		Governance costs comprises those costs attributable directly lo the legal procedures assodated requirements.			with compfiance	with statutory
	1.6	Cash flow
		The finsnmsl statements do not indude a cash llaw statement because the charity hes taken	the		opbon not to prepare one.
	1.6	Subsidiary company
		Details ofthe subsidiary are disclosed in Note B. Consolidated accounts have not been prepared income ofthe group is below Ihe threshold under the Charities Acl 2011.			on the grounds	that the gross
		Investments
		investments are stated at market value st the balance sheet date. The SOFA indudes the net gains and losses revaluations and dispossls throughout the year.				snsing on
		Subsidiary Undertakings.
		Investments in subsidienes are valued et cost less provision for impairment.
		Investment Properties
		Investment properties sre valued at market value.

								Unrestricted
							Designated	General	TotalFunds	Total	Funds
							Capital Fund	Fund	2021		2020
							6	5	5		5
2	Investment		and Property		Income
	Rent							42,000	42,000	42,000
	Sundry Income							1			200
3	Charitable	activities
								Unrestricted
							Designated	General	TotalFunds	Tofel	Funds
							Capital Fund	Fund	2021		2020
							6	5	F.		2
	Charitable	expenditure			- payments	to benegctsrles
	Canterbury	Cathedral						47,232	47,232	42,000
	Allocated governance			costs		Note 4					630
								51,242	51,242	42,630
4	Governance		costa
								Unrestricted
							Designated	General	Total Funds	Tolei	Funds
							Capital Fund	Fuiid	2021		2020
								5	F.
	Administrative		expenses					3,360	3,360
	Independent		Exsmineys		remuneration			650	650		630
											630

			2021	2020
This is stated	sher charging:		2	5
Independent	Examineys	remuneration	650	630

Market value	Market value
As at 6 Apnl	2020
Addifions
Disposals
Revaluations
decrease in	cash
At 5 Apnl 2021
Subsidiary	undertaking

	Share In
Listed	group under-
securities f	takings 6	Total 6

						Aggregate	of
						share capital
						and reserves		Profit/(loss)
							6	6
Hundreds	Farm Investment			Limited
Investments		st market	value comprise:
					UK 6	Overseas 6		2021	2020f
Listed mvestments
Cash held	by	Investmenl	Managers
Group company
Total market		value

Investment	property
		Freehold
		property
		E
Valuation
At 5 April 2020		625,000
Revaluation
At 5Apnl 2021		750,000
Comprising
Coal		540,000
Revaluation	surplus
		750,000

	The values	attached to the properaes	attached to the properaes					2021	2020
								E
	Golf	Course, Clubhouse	and Car park					750,000	625,000
									625,000
8	Creditors: Amounts	falgng due within	one year					2021 E	2020f
	Amounts owed to group undertakings								84,001
	Accmals snd deferred income								630
								3,741	84,631
9	Designated Capital Fund
				Balance				Other gains	Balance
				2020 E	Incomef	Expenditure	f	5Transfers f	2021f
								125000	750 000