2021-06-30-accounts

		Page
Governors'	Annual Report
Auditors'	Report
Statement	ofFinancial Activities
Balance Sheet		10
Notes to the Accounts

			Endowment	Restricted	Unrestricted	Total	Total
		Note	Funds	Funds	Funds	Funds	Funds
			2021	2021	2021	2021	2020
Incoming Resources
Voluntary Income
Donations					30	30	30
Other Income
Other income
Investment Income
Stocks and Shares			6,290		109,197	115,487	139,559
Bank Interest					13	13	268
Total Incoming Resources			6,290		109,240	115,530	139,857
Resources Expended
Charitable Activities
Individuals			6,290		4,145	10,435	24,670
Institutions					86,981	86,981	66,132
Other					4,224	4,224	4,162
Staffand Support Costs					11,572	11,572	10,334
Depreciation					1,099	1,099	1,099
Governance Costs
Staffand Support Costs					16358	16,358	15201
Total Resources Expended			6290		124379	130 669	121598
Net Incoming/(Outgoing)		Resources			( 15,139)	( 15,139)	18,259
Other Recognised Gains and Losses
Gains and losses on investments:
Unrealised
Investments		9	28,257		416,199	444,456	509,598
Net Movement in Funds			28,257		401,060	429,317	( 491,339)
Fund balances brought	forward		143,577	5 002	2,387,054	2,535,633	3,026,972
Fund balances carried	forward		171,834	5,002	2,788,114	2,964,950	2,535,633

				2021	2020
			Note
Fixed Assets
Tangible Assets				30,855		31,954
Stocks and Shares				2,837,855	2,393,399
Antique Furniture
				2,868,710	2,425,353
Current Assets
Debtors				1	9
Cash at bank	and in	hand		109,086	113,701
				109,087	113,710
Creditors: Amounts		falling due within	one year
Accrued Expenses				12,847	3,430
Net Current	Assets			96,240		110,280
Net Assets				2,964,950	2,535,633
Funds
Endowments				171,834		143,577
Restricted Funds				5,002		5,002
Unrestricted	Funds
General				2,606,388	2,226,517
Designated				181,726	160,537
				2,788,114	2	387034
				2,964,950	2,535,633

Holding	Investment	Investment			Cost	Market	Income
						Value	2021	2020
No
	Endowment fund
11,218	M &G Charifund	Units			38,729	171,834	7,516	9,311
					38,729	171,834	7,516	9,311
	Unrestricted Funds
	General
120,967	M &G Charifund	Units			769,062	1,852,940	81,048	100,402
20,875	Temple Bar Investment		Trust	PLC	11,600	222,945	8,037	10,728
161,232	Charities Property	Fund			156,479	203,426	7,948	8,455
65,923	COIF Charities Ethical		Fund		76,033	193,306	5,491	5,360
9,472	M &G Charibond	units			10336	11678	285	265
					1,023,510	2,484,295	102,809	125,210
	Designated
61,974	COIF Charities Ethical		Fund		98648	181726	5 162	5038
					1,122,158	2,666,021	107,971	130,248
	Total all Funds				1,160,887	2,837,855	115,487	139,559
	Summary ofChanges During			Year
	At 1 July 2020				1,160,887	2,393,399
	Additions
	Increase on revaluation					444 456
					1,160,887	2,837,855
	Disposals
	Decrease in valuation
	At 30June 2021				1,160,887	2,837,855

For the Year Ended 30June 2021
3. Grants and Other Expenditure	Endowment	Restricted	Unrestricted	Total	Total
	Funds	Funds	Funds	Funds	Funds
	2021	2021	2021	2021	2020
Support for Individuals
Westminster Student Bursaries
Non URC - Columbia Exchange
In-Service Training ofMinisters	3,864			3,864	11,392
Cambridge Theological Federation			3,996	3,996	3,996
Discretionary Grants	100			100	2,000
Book Grants	75			75	282
Cheshunt Educational Fund	1,900			1,900	4,000
Cheshunt Student Bursaries	351		149	500	3000
	6,290		4,145	10,435	24,670
Support for Institutions
Stipend for Director ofStudies			34,076	34,076	34,795
Pension Contributions			6,571	6,571	5,979
Upkeep of College House			28 174	28 174	5680
Total Director ofStudies			68,821	68,821	46,454
Less 10%Charged to Support Costs			6 882	6 882	4645
Total to Westminster College			61,939	61,939	41,809
Grant to COH Connexion			25,042	25 042	24 323
			86,981	86,981	66132
Other
RCL Support
Maintain Historical Archives			4 224	4224	4 162
			4 224	4 224	4,162

4. Staff and	Support	Costs		Charitable	Governance	Total	Total
				Activity
				2021	2021	2021	2020
Director's Costs as note		4 above (10%)		3,441	3,441	6,882	4,645
Westminster	College Administration		Charges	8,131	8,131	16,262	16,022
Audit and Accountancy		Fees			3,320	3,320	3,360
Insurance ofCollege Contents					1,143	1,143	832
Governors' Meetings							290
Miscellaneous					293	293	356
Bank Charges					30	30	30
				11572	16 58	27930	25535

2021	2020
E1,800	K1,800

	Charitable	Charitable	activities	activities		Governance	All
							Purposes
	Freehold	Office		Furniture	Total	Furniture	Total
	Land &	Equipment		(50%)	Charitable	(50%)
	Buildings				Activities
Cost
At 1 July 2020	54,954		1,340	197	56,491	197	56,688
Additions
Disposals
At 30June 2021	54,954		1,340	197	56,491	197	56,688
Depreciation
At 1 July 2020	23,000		1,340	197	24,537	197	24,734
Charge for year	1,099				1,099		1,099
Eliminated on disposal
At 30June 2021	24,099		1,340	197	25,636	197	25,833
Net BookValue
At 30June 2021	30,855				30,855		30,855
At 30June 2020	31,954				31,954		31,954

For the Yea	r Ended 30J	une 2021
9. Analysis	ofNet Assets	Between Funds	Tangible	Stocks		Net
			Fixed	and	Antique	Current
			Assets	Shares	Furniture	Assets	Total
Endowment	Funds			171,834			171,834
Restricted Funds						5,002	5,002
Unrestricted	Designated	Funds		181,726			181,726
Unrestricted	General Funds		30855	2484 295		91238	2 606388
Total Funds			30,855	2,837,855		96,240	2,964,950

			Endowment»	Unrestricted	Funds
				Designated	General	Total
Unrealised	gains at 1 July 2020		104,849	61,889	1,065,774	1,232,512
Gain/(losses) arising on revaluation		in year	28 256	21 189	395011	444 456
Unrealised	gains at 30June 2021		133,105	83,078	1,460,785	1,676,968