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





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||||Endowment|Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||Note|Funds|Funds|Funds|Funds|Funds|
||||2021|2021|2021|2021|2020|
|Incoming Resources||||||||
|Voluntary<br>Income||||||||
|Donations|||||30|30|30|
|Other Income||||||||
|Other income||||||||
|Investment<br>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<br>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<br>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|





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|||||2021|2020||
|---|---|---|---|---|---|---|
||||Note||||
|Fixed Assets|||||||
|Tangible Assets||||30,855||31,954|
|Stocks and Shares||||2,837,855|2,393,399||
|Antique<br>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||





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|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<br>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|||





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|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<br>Student Bursaries||||||
|Non URC - Columbia<br>Exchange||||||
|In-Service Training ofMinisters|3,864|||3,864|11,392|
|Cambridge<br>Theological Federation|||3,996|3,996|3,996|
|Discretionary<br>Grants|100|||100|2,000|
|Book Grants|75|||75|282|
|Cheshunt<br>Educational<br>Fund|1,900|||1,900|4,000|
|Cheshunt<br>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<br>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<br>Historical Archives|||4 224|4224|4 162|
||||4 224|4 224|4,162|





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|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'<br>Meetings|||||||290|
|Miscellaneous|||||293|293|356|
|Bank Charges|||||30|30|30|
|||||11572|16 58|27930|25535|



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|2021|2020|
|---|---|
|E1,800|K1,800|



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||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<br>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|



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|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)<br>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|



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