OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-12-31-accounts

Charity number: 311348

THE WATERBEACH CHARITY

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

Whitings LLP Chartered Accountants George Court Bartholomew's Walk Ely Cambridgeshire CB7 4JW

THE WATERBEACH CHARITY

CONTENTS
Page
Reference and administrative details of the charity, its trustees and advisers 1
Trustees' report 2 - 5
Independent examiner's report 6 - 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10 - 16
The following pages do not form part of the statutory financial statements:
Detailed income and expenditure account and summaries 17 - 18

THE WATERBEACH CHARITY

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2021

Trustees

Mr C Bryant, Chair Dr R M Williamson The Revd Paul Butler Mr P Tregoing Mr A Read Mr R Stobart (appointed 23 March 2021)

Charity registered number

311348

Principal office

33 Bannold Road, Waterbeach, Cambridgeshire, CB25 9LQ

Accountants

Whitings LLP, George Court, Bartholomew's Walk, Ely, Cambridgeshire, CB7 4JW

Bankers

Nationwide, 51 Market Street, Ely, Cambridgeshire, CB7 4NT

Solicitors

Hewitson, Shakespeare House, 42 Newmarket Road, Cambridge, Cambridgeshire, CB5 8EP

Page 1

THE WATERBEACH CHARITY

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

The Trustees present their annual report and financial statements of the charity for the year ended 31st December 2021. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's trust deed, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (Effective 1 January 2015) (as amended by Update Bulletin 2 published on 5 October 2018).

OBJECTIVES AND ACTIVITIES

Policies and objectives for the public benefit

The Waterbeach Charity distributes its income via 3 charities for the public benefit of the children who attend Church of England schools in the Ely Diocese, to the Church of St John the Evangelist in Waterbeach and to the people of Waterbeach Parish who may need financial assistance.

The distribution split between the three charities is as follows: Ely Diocesan Board of Education - 57.00% Waterbeach Ecclesiastical Charity - 24.50% Waterbeach United Charities - 18.50%

The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives and in planning future activities and setting the cash distribution policy for the year.

Activities for achieving objectives

The trustees aim to achieve steady income and capital growth to maximise investment returns. The majority of the capital is to be invested in equities of UK and overseas companies operating ethical policies. Diversity is to be obtained with investments in property and fixed interest security funds. The whole portfolio is to be managed by one or more professional management companies. Land and property owned by the charity is to be let at the prevailing rate and reviewed periodically within the terms of the tenancy agreements. The trustees have the right to buy or sell land or property for the benefit of the charity if, and when, such a need arises.

ACHIEVEMENTS AND PERFORMANCE

Key financial performance indicators

Investments perforamnces have been as follows

2021 2020
2019
2018		 2017
% % %
 %
 %
Charity's Return (Income + growth) 15.00 9.00 19.90 2.30 12.20
Investment Benchmarks
Average Bank Base Rate
 0.10 0.10 0.75 0.60 0.50
Retail Price Index 6.30 0.80 2.00 2.70 2.50
FT-SE Capital Growth
 14.34 -11.55 17.30 -12.90 11.90

The long term reinvestment of capital returns into the CCLA investments together with a £242,000 capital return in the last quarter increases the charity portfolio with CCLA to £4.42 million pounds

Page 2

THE WATERBEACH CHARITY

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2021

Review of activities

Unrestricted Funds

Cash grant distibutions during the year totalled £128,278 (2020 - £124,048), split as follows:

Ely Diocesan Board of Education - £73,119 (2020 - £70,707) Waterbeach Ecclesiastical Charity - £31,428 (2020 - £30,392) Waterbeach United Charities - £23,731 (2020 - £22,949)

This represents a neutral performance position (2020 - neutral performance position).

Endowment Funds

The investment portfolio was subject to the impact of Covid 19 during the year but managed solid returns overall. The trustees held 2 (2020 - 2) meetings during the year to consider the affairs of the charity.

FINANCIAL REVIEW

Going concern

After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies.

RESERVES POLICY

The charity distributes all net operating surpluses to the 3 beneficiary charities, except for a £2,000 buffer reserve. As these distributions are made quarterly in arrears, and as any shortfall in funds could potentially be supplemented by realising investments, no further amounts of unrestricted funds are felt necessary to be retained as "reserves".

STRUCTURE, GOVERNANCE AND MANAGEMENT

Constitution

The charity was originally established in 1687 from donations of various benefactors for the education of poor children in the Parish of Waterbeach and is listed in 1729 by decree of the commission for charitable use. In 1836 land at Chittering was recorded along with all the other charities in the Parish. In 1865, several charities were consolidated by the charity commission and administered under the name of The Waterbeach Charity. In 1904 the charity was split and renamed the Waterbeach Education Foundation by the Board of Education Act of 1899. On the 19th July 1983 the charity was established by trust deed by transfer of land, investments and cash from the Waterbeach Education Foundation Trust. These assets are the charities permanent endowment and are held for investment purposes.

Method of appointment or election of trustees

The procedure for the appointment and recruitment of trustees is laid down by the Charity Commission scheme dated 19th July 1983 and updated by the Rules of Governance approved by the trustees at a meeting held on the 9th March 2010. Each trustee is accepted into office after signing a declaration of acceptance and willingness to act in the trusts of the Charity.

Page 3

THE WATERBEACH CHARITY

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2021

Policies adopted for the induction and training of trustees

The induction and training of new trustees will included the following:

(1) provision of the Charity's governing document, and a copy of the annual report;

(2) access to the Charity Commission's guidelines for new trustees;

(3) mentoring from more experienced trustees;

(4) copies of the Charity Commission's latest newsletter; and

(5) a positive process of support from fellow trustees

Risk management

The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks.

PLANS FOR FUTURE PERIODS

Future developments

Investment holdings in the Church of England Investment Fund continue to be monitored and will hopefully increase the overall returns in 2022.

Page 4

THE WATERBEACH CHARITY

TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2021

TRUSTEES' RESPONSIBILITIES STATEMENT

The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by the Trustees, on 17 March 2022 and signed on their behalf by:

D J Armstrong Charity Secretary

Page 5

THE WATERBEACH CHARITY

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE WATERBEACH CHARITY (the 'charity')

I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 December 2021.

This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my work or for this report.

RESPONSIBILITIES AND BASIS OF REPORT

As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Page 6

THE WATERBEACH CHARITY

INDEPENDENT EXAMINER'S REPORT (continued) FOR THE YEAR ENDED 31 DECEMBER 2021

INDEPENDENT EXAMINER'S STATEMENT

Your attention is drawn to the fact that the charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I can confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Dated: 23 March 2022

I.G.C.Piper F.C.A

Partner WHITINGs LLP George Court Bartholomew's Walk Ely Cambridgeshire CB7 4JW

Page 7

THE WATERBEACH CHARITY

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

Unrestricted
funds
Endowment
funds
Note
2021
£
2021
£
INCOME AND ENDOWMENTS FROM:
Investments
2
133,842
-
TOTAL INCOME AND ENDOWMENTS
133,842
-
EXPENDITURE ON:
Charitable activities
4
133,842
-
TOTAL EXPENDITURE
5
133,842
-
NET INCOME BEFORE INVESTMENT GAINS
-
-
Net gains on investments
8
-
554,787
NET INCOME BEFORE OTHER
RECOGNISED GAINS AND LOSSES
-
554,787
NET MOVEMENT IN FUNDS
-
554,787
RECONCILIATION OF FUNDS:
Total funds brought forward
2,000
4,425,694
TOTAL FUNDS CARRIED FORWARD
2,000
4,980,481		 Total
funds
2021
£
133,842
133,842
133,842
133,842
-
554,787
554,787
554,787
4,427,694
4,982,481		 Total
funds
2020
£
132,341
132,341
131,118
131,118
1,223
222,984
224,207
224,207
4,203,487
4,427,694

The notes on pages 10 to 16 form part of these financial statements.

Page 8

THE WATERBEACH CHARITY

BALANCE SHEET AS AT 31 DECEMBER 2021

Note
FIXED ASSETS
Property Investments
7
Equity Investments
8
CURRENT ASSETS
Debtors
9
Cash at bank and in hand
CREDITORS:amounts falling due within
one year
10
NET CURRENT ASSETS
NET ASSETS
CHARITY FUNDS
Endowment funds
12
Unrestricted funds
12
TOTAL FUNDS		 £
98
39,167
39,265
(37,266)		 2021
£
565,000
4,415,482
4,980,482
1,999
4,982,481
4,980,481
2,000
4,982,481		 £
98
37,184
37,282
(35,283)		 2020
£
565,000
3,860,695
4,425,695
1,999
4,427,694
4,425,694
2,000
4,427,694

The financial statements were approved by the Trustees on 17 March 2022 and signed on their behalf, by:

Mr C Bryant

Trustee

The notes on pages 10 to 16 form part of these financial statements.

Page 9

THE WATERBEACH CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

1. ACCOUNTING POLICIES

1.1 Basis of preparation of financial statements

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and Charities Act 2011.

The Waterbeach Charity constitutes a public benefit entity as defined by FRS 102.

1.2 Income

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.

1.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Charitable activities and Governance costs are costs incurred on the charity's educational operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.

Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.

1.4 Tangible fixed assets and depreciation

A review for impairment of a fixed asset is carried out if events or changes in circumstances indicate that the carrying value of any fixed asset may not be recoverable. Shortfalls between the carrying value of fixed assets and their recoverable amounts are recognised as impairments. Impairment losses are recognised in the Statement of financial activities.

Page 10

THE WATERBEACH CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

1. ACCOUNTING POLICIES (continued)

Tangible fixed assets are carried at cost, net of depreciation and any provision for impairment. Depreciation is not charged on freehold land. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

1.5 Investments

Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance sheet date, unless fair value cannot be measured reliabily in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and shown in the heading ‘Gains/(losses) on investments’ in the Statement of financial activities.

1.6 Investment properties

Investment properties are included in the Balance sheet at their open market value in accordance with FRS 102 section16 and are not depreciated.

1.7 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.

1.8 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

1.9 Cash at Bank and in hand

Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

1.10 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised within interest payable and similar charges.

Page 11

THE WATERBEACH CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

1. ACCOUNTING POLICIES (continued)

1.11 Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

1.12 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

2. INVESTMENT INCOME

Unrestricted
funds
Endowment
funds
2021
£
2021
£
Rental Income
15,601
-
Listed Investment Income
118,218
-
Interest received
23
-
133,842
-
Total 2020
132,341
-		 Total
funds
2021
£
15,601
118,218
23
133,842
132,341		 Total
funds
2020
£
18,272
114,021
48
132,341

Page 12

THE WATERBEACH CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

3. DIRECT COSTS

Clerk's Honorarium
Insurance
Professional Fees
Repairs and maintenance
Total 2020		 Activities
£
1,900
393
-
400
2,693
3,198		 Total
2021
£
1,900
393
-
400
2,693
3,198		 Total
2020
£
1,900
398
900
-
3,198

4. GOVERNANCE COSTS

Unrestricted
funds
Endowment
funds
2021
£
2021
£
Independent Examiner's Fee
886
-
Subtotal
886
-
Other governance costs
1
-
887
-
ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE
Other costs
2021
£
Scheme Distributions and Direct Costs
132,955
Governance Costs
886
133,841
Total 2020
131,118		 Total
funds
2021
£
886
886
1
887
Total
2021
£
132,955
886
133,841
131,118		 Total
funds
2020
£
864
864
-
864
Total
2020
£
130,254
864
131,118

5. ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE

Page 13

THE WATERBEACH CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

6. NET INCOME/(EXPENDITURE)

During the year, no Trustees received any remuneration (2020 - £NIL). During the year, no Trustees received any benefits in kind (2020 - £NIL). During the year, no Trustees received any reimbursement of expenses (2020 - £NIL).

7. PROPERTY INVESTMENTS

Valuation
At 1 January 2021 and 31 December 2021
Depreciation
At 1 January 2021 and 31 December 2021
Net book value
At 31 December 2021
At 31 December 2020		 Freehold
property
£
565,000
-
565,000
565,000

The valuation took place in 2018 by Cheffins Auctioneers and Property Valuers. The value comprises

School Farm Land - 65 acres
Town Holt, West- 1 acre Waterbeach
Access Road off Cambridge Road, Waterbeach

Total		 2021
£
525,000
15,000
25,000

565,000		 2020
£
525,000
15,000
25,000
565,000

8. EQUITY INVESTMENTS

Market value
At 1 January 2021
Revaluations
At 31 December 2021		 Listed
securities
3,860,695
554,787
4,415,482

Page 14

THE WATERBEACH CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

8.
EQUITY INVESTMENTS (continued)
Material investments
CBF - Property Fund
CBF - Investment Fund
9.
DEBTORS
Prepayments and accrued income
10.
CREDITORS: Amounts falling due within one year
Other creditors
Accruals and deferred income
11.
SUMMARY OF FUNDS
12.
SUMMARY OF FUNDS - CURRENT YEAR		 326,510
4,088,972
-
4,415,482
2021
£
98
2021
£
30,679
6,587
37,266		 285,759
3,574,937
-
3,860,696
2020
£
98
2020
£
28,695
6,588
35,283
General funds
Endowment funds		 Balance at
1 January
2021
£
2,000
4,425,694
4,427,694		 Income Expenditure
£
£
133,842
(133,842)
-
-
133,842
(133,842)		 Gains/
(Losses)
£
-
554,787
554,787		 Balance at
31
December
2021
£
2,000
4,980,481
4,982,481

Page 15

THE WATERBEACH CHARITY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

11. SUMMARY OF FUNDS (continued)

13. SUMMARY OF FUNDS - PRIOR YEAR

General funds
Endowment funds		 Balance at
1 January
2020
£
1,000
4,202,487
4,203,487		 Income
Expenditure
£
£
132,341
(131,118)
-
-
132,341
(131,118)		 Transfers
in/out
£
(223)
223
-		 Gains/
(Losses)
£
-
222,984
222,984		 Balance at
31
December
2020
£
2,000
4,425,694
4,427,694

Page 16

THE WATERBEACH CHARITY

DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2021

CHARITY INCOME
Rent - School Farm Land 64a
Rent - Town Holt - 1.2a
Wayleave - EDF Chittering
Wayleave - 14 Cambridge Road
CBF - Property Fund Dividend
CBF - Investment Fund Dividend
Nationwide Building Society Interest
National Rail
TOTAL CHARITY INCOME
LESS: MANAGEMENT AND
ADMINISTRATION OVERHEADS
Clerk's Honorarium
Insurance
Legal Fees
Repairs and maintenance
Independent Examiners' Remuneration
TOTAL MANAGEMENT AND
ADMINISTRATION OVERHEADS
NET INCOME FROM CHARITABLE
SOURCES		 15,100
100
-
1
14,309
103,908
23
400
1,900
393
-
400
886		 2021
£
133,841
3,579
130,262		 15,100
100
143
1
14,646
99,375
48
2,929
1,900
398
900
-
864		 2020
£
132,342
4,062
128,280

THIS SCHEDULE IS NOT FOR PUBLICATION

Page 17

THE WATERBEACH CHARITY

DETAILED INCOME AND EXPENDITURE ACCOUNT (continued) FOR THE YEAR ENDED 31 DECEMBER 2021

Scheme Distributions
Ely Diocesan Board of Education
Opening Provision
2020 - Quarter 4
2021 - Quarter 1
Quarter 2
Quarter 3
Closing Provision
Waterbeach Ecclesiastical Charity
Opening Provision
2020 - Quarter 4
2021 - Quarter 1
Quarter 2
Quarter 3
Closing Provision
Waterbeach United Charaties
Opening provision
2020 - Quarter 4
2021 - Quarter 1
Quarter 2
Quarter 3
Closing provision
TOTAL Scheme Distributions
NET OPERATING RESULT		 (16,356)
18,969
17,670
18,810
17,670
17,487
(7,030)
8,153
7,595
8,085
7,595
7,516
(5,309)
6,156
5,735
6,105
5,735
5,676		 2021
£
74,250
31,914
24,098
130,262
-		 (14,641)
17,127
18,240
18,240
17,100
16,356
(6,293)
7,362
7,840
7,840
7,350
7,030
(4,752)
5,559
5,920
5,920
5,550
5,309		 2020
£
72,422
31,129
23,506
127,057
1,223

THIS SCHEDULE IS NOT FOR PUBLICATION

Page 18