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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|
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|||||||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||||||||
|7|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|ere as follows|||||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|