## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |e ary
,
ofthe Charity.
All Trustees give oftheir time freely and no Trustee remun
Details ofTrustee expenses are disclosed
in Note 2 to the accounts.
Trustees|e ary
,
ofthe Charity.
All Trustees give oftheir time freely and no Trustee remun
Details ofTrustee expenses are disclosed
in Note 2 to the accounts.
Trustees|e ary
,
ofthe Charity.
All Trustees give oftheir time freely and no Trustee remun
Details ofTrustee expenses are disclosed
in Note 2 to the accounts.
Trustees|e ary
,
ofthe Charity.
All Trustees give oftheir time freely and no Trustee remun
Details ofTrustee expenses are disclosed
in Note 2 to the accounts.
Trustees|eration
|eration
|was pa|id in the year.|id in the year.| |---|---|---|---|---|---|---|---|---| |The Trustees who served
during the period from
1 January 2021 to the||||date this||report|was approved|| |were as|follows:|||||||| |||Name|Nominator|||Dates ifpart year:||| |Chair.||The Rt Revd R Springett|Bishop of Gloucester|||||| |Nominated:||Bishop of Tewkesbury
Mr EGregory
Miss S Kindleysides
Mr G Briscoe|Bath &Wells DBE
Bath 8 Wells DBE
Bath &Wells DB'E|||To 15June 2021
From 5 November||2021| |||Mrs P Dodds|Bath &Wells DBE|||||| |||Dr P Smith|Bristol DBE|||||| |||Revd A Everitt|Bristol DBE|||||| |||Mrs ETownend|Bristol DBE|||||| |||Mrs J Ridgway
Mrs B Gleich|Gloucester DBE
Gloucester DBE|||||| |||Mrs J Hunter|Gloucester DBE|||||| |||Revd J Shellard-James|Bishop of Bath & Wells|||||| |||Revd DrSTaylor|Bishop of Bristol|||||| |||Mrs M Lomas|National
Society (previously|||||| ||||Board of Education
ofthe|||||| ||||Archbishops'
Council)|||||| |Co-opted:||Miss K Owen-Jones||||||| |Officers and advisers ofthe Foundation||||||||| |Clerk to the Trustees|||Bristol Diocesan Board of Finance Limited
Hillside House, 1500 Parkway
North,
Newbrick||||Road,|| ||||Stoke Gifford, Bristol, BS348YU|||||| |Accountant|||Bristol Diocesan Board of Finance Limited|||||| ||||Hillside House, 1500 Parkway|North,|Newbrick
Road,|||| ||||Stoke Gilford, Bristol, BS34SYU|||||| |Auditors|||Burton Sweet Limited
The Clock Tower, Farleigh
Court, Old||Weston||Road, Flax|| ||||Bourton, Bristol, BS481UR|||||| |Solicitors|||Harris 8 Harris
14Market Place, Wells, Somerset, BA5 2RE|||||| ||Investment
Advisers||CCLA Investment
Management|Limited||||| ||||Senator House, 85 Queen Victoria Street,|||||| ||||London, EC4V 4ET|||||| ||||Investec Wealth
& Investment|Limited||||| ||||30 Gresham
Street, London, EC2V 7QN (to27 July 2021)|||||| ## ## ## ## ## ## ## ## ## ## ## ## ## |||Nole|202 I
Income
Reserve
Unrest'd
f|202 I
Perm't
Endow't
Rest'd|202 I
Total
Funds|2020
Income
Rdtdrve
Unrated'df|2020
Perm't
Endow't
Rett'df|2020
Totol
Funds| |---|---|---|---|---|---|---|---|---| |Income and Endowments||||||||| |Investment
Income||||222,429|222,429||233,849|233,849| |Total Income||||222,429|222,429||233,849|233,849| |Expenditure||||||||| |Cost ofRaising Funds||||||||| |Investment
Management
Costs|||||||21,923|21,923| |Expenditure
on||||||||| |Charitable
Activities||6|320,843||320,843|314,875||314,875| |Total Expenditure|||320,843||320,843|314,875|21,923|336,798| |Net Gains||||||||| |on Investments||||1,129,148|1,129,148||352,606|352,606| |Net Income I(Expenditure)|||(320,843)|1,351,577|1,030,734|(314,875)|564,532|249,657| |Transfers between|funds||320,843|(320,843)||314,875|(314,875)|| |Net movement
in|funds|||1,030,734|1,030,734||249,657|249,657| |Total funds brought
forward||||||||| |at 1 January||||8,317,421|8,317,421||8,067,764|8,067,764| |Total funds carried|forward|||||||| |at31 December||||9,348,155|9,348,155||8,317,421|8,317,421| ## |THE FOUNDATION|OF ST MATTHIAS||||| |---|---|---|---|---|---| |BALANCE SHEET|||||| |For the year ended 3I|December 202 I||202I||2020| |||||E|| |Fixed Assets|||||| |Investments
CBFFunds
investec Wealth||9
10|9,367,755||4,760,007
456,713| ||||9,367,755||5,216,720| |Current Assets|||||| |Debtors
—amounts
falling due within one year
Cash at bank||11
12|14,600||22,893
3,096,064| ||||14,600||3,118,957| |Current
liabilities
Grants awarded
not paid||13|30,000||14,675| |Creditors
—amounts
falling due within one year||14|4,200||3,581| ||||34,200||18,256| |Net current assets||||(19,600)|3,100,701| |Net assets|||9,348,155||8,317,421| |Funds ofthe Charity|||||| |Permanent
endowment
funds
Unapplied
total return fund
Unrestricted
fund —income reserve||'f6
16
16|7,038,629
2,309,526||6,678,016
1,639,405| ||||9,348,155||8,317,421| ## ## ## ## ## ## ## ## ## ## |respectively.
There were no outstanding
amounts
at year e|nd.|,| |---|---|---| ||202 I|2020| |Expenditure
on Charitable Activities||| |Grants (note 7)
Support Costs (nota 8)|281,419
39424|276,735
38140| ||320,843|314,875| ||202 I|2020| |Grants||| |In 2021 tha Trustees made the following
grants:||| |Grants fo institutions||| |To Bath &Wells, Bristol and Gloucester Dioceses:
E50,000 each|150,000|150,000| |To Bath &Wells, Bristol and Gloucester Diocases:
E6,000each for Further Education
Officers|18,000|18,000| |0corporate grant (2020—1)of less than E1,000
4 corporate grants (2020-3)of E1,000or more|8900|500
10500| ||176900|179,000| |Grants to individuals||| |21 personal grants (2020-17)ofless than E1,000
36personal
grants (2020-43) ofE1,000or more
5 scholarship
grants (2020-5)ofE1,000 or more
Scholars' travel|11,800
48,270
45,000|9,300
51,456
40,000
237| |Previous year grants
not taken up|551|3,258| ||104519|97735| ||281,419|276,735| ## ## |For|the year ended 3 I December 20|2 I (cont)||| |---|---|---|---|---| |Ig|Movement
in Investec Wealth
Market value brought forward at 1
Add additions
at cost
Less disposals
at carrying value
Add net (loss) / gain on disposal
Market value carried forward at 31|Investments
January
December|202I
f
456,713
(454,813)
2 100|2020
3,816,987
534,628
(3,614,026)
80876
456,713| ||Investments -Investec Wealth|comprise||| ||UK Fixed Interest|||| ||UK Equities|||| ||Overseas
Equities|||| ||Property
Infrastructures|||456,713| |||||456,713| ||Debtors||202I
5|2020
t'| ||Investment
income awaiting
payment|||22,893| |l2|Cash at Bank||202I|2020| ||Investec Wealth
kiatWest Bank||14,600|E.
3,071,887
24,177| ||||14,600|3,096,064| |||,
,
14,600
3,096,064|,
,
14,600
3,096,064|,
,
14,600
3,096,064|,
,
14,600
3,096,064|,
,
14,600
3,096,064|,
,
14,600
3,096,064| |---|---|---|---|---|---|---|---| ||The balance held at Investec Wealth
from investments
sold end pending|atthe year ending 31December 2020 relates to funds
transfer to the CCLA portfolio.|||||| |l3|Grants awarded
not yet paid
Corporate
and Personal grants
Scholars|||||202 I
8,500
21,500|2020j
2,675
12000| |||||||30,000|14,675| |l4|Creditors|||||202I
5|2020| ||Investment
Management
costs||||||| ||Recharged
Expenses
Audit Fees|||||4200|115
3,466| |||||||4,200|3,581| ||Commitments
The scholarship
awards,
sub/ect to satisfactory
Within one year.||review,|will be|paid|202I
as follows:|2020f| ||one term ofacademic year 2022/23|||||16,500|12000| ||Beyond one year.||||||| ||two terms ofacademic year 2022/23
academic year 2023/24|||||8,500
15000|18,000
20,000| |||||||23,500|38,000| ## ## |eturn
un

ermanent
Endowment
was preserved
by a
Return to the Fund for Investment.|transfer
off380,|613 from the Un|applied
Total| |---|---|---|---| ||Fund for|Unapplied|Toe I| ||Investment|Total Return|Endowment| ||E|F|8| |As at 1 January 2021
Investment
retumi
dividends
and interest|6,678,016|1,639,405
222,429|8,317,421
222,429| |Investment
management
costs|||| |Investment
return:
Gains on investment
Recoupment
oftrust for investment|360,613|1,129,148
(360,613)|1,129,148| |Unapplied
total return allocated to
income
in the reporting
period
As at31 December 2021|7,038,629|320843
2,309,526|320,843
9,348,155| |Comparative
Figures|Fund for
Investment|Unapplied
Total Return|Total
Endowment| ||E|8|E| |As at 1 January 2020
Investment
return: dividends
and interest
Investment
management
costs|6,638,187|1,429,577
233,849
(21,923)|8,067,764
233,849
(21,923)| |Investment
return:
Gains on investment||352,608|352,606| |Recoupment
oftrust for investment|39,829|(39,829)|| |Unapplied
total return allocated to
income
in the reporting
period
As at 31 December 2020|6,678,016|314,875
1,639,405|314875
8,317,421| |||202I|2020| |||6|| |Represented
by|||| |CBFFunds
Investec Wealth
Other net current assets||9,367,755
19,600|4,760,007
456,713
3,100 701| |||9,348,155|8,317,421| ## ## ##