| Trustees | G R Adams (Accountant |
G R Adams (Accountant |
Trustee) | Trustee) | ||
|---|---|---|---|---|---|---|
| T D Sorby (Solicitor) | ||||||
| D Gough (Vicar) | ||||||
| Registered | Charity | Number | 501315 | |||
| Principal Address | Sunnyside | |||||
| 11 Sparken Hill |
||||||
| Worksop | ||||||
| Nottinghamshire | ||||||
| SBO 1AX | ||||||
| Bankers | National Westminster |
Bank pic | ||||
| 69 Bridge Street | ||||||
| Worksop | ||||||
| Nottinghamshire | ||||||
| SBO 1DG | ||||||
| Investment | Advisers | Barclays Investment | Solutions | Limited | ||
| 1 Churchill Place |
||||||
| Canary Wharf | ||||||
| London | ||||||
| E145HP | ||||||
| Independent | Examiner | C Gillatt FCCA | ||||
| N Williamson &Co |
||||||
| Chartered Certified |
Accountants | |||||
| 21 Potter Street | ||||||
| Worksop | ||||||
| Nottinghamshire | ||||||
| SB02AE |
| TRUSTEES' ANNUAL REPORT |
f | or th | e ye | ar | ende | d 31 MA | RCH 2021 (contin | ued) |
|---|---|---|---|---|---|---|---|---|
| Financial Review (continued) |
||||||||
| 2021 | 2020 | |||||||
| 6 | ||||||||
| Summary of Distributable Income |
||||||||
| Net Income for the year after Management | and | |||||||
| Administration Costs |
32,507 | 41,047 | ||||||
| Undistributed income brought forward |
45,308 | 47,959 | ||||||
| Net income available for distribution |
77,815 | 89,006 | ||||||
| Distributions during the year for the |
benefit | ofStAnne's | Church | |||||
| in accordance with the terms of the |
Trust Deed | 40,750 | 43,698 | |||||
| Balance of Income to be distributed | in | the following | year | 37,065 | 45,308 | |||
| Valuation of Investments |
||||||||
| The movement in the unrealised gains/(losses) |
on | investments | ||||||
| during the year is as follows:- |
||||||||
| Unrealised gains at beginning of year |
(52,740) | 129,207 | ||||||
| Profit/(Loss) on realisations during |
the | year | 10,792 | (27,264) | ||||
| (41,948) | 101,943 | |||||||
| Net increase/(decrease) in unrealised |
gains | during | the year | 192,975 | (154,683) | |||
| Unrealised gains/(losses) at end of |
year | 151,027 | (52,740) |
| RECEIPTS & PAYMENTS A | CCO | UNTS for the | year ended | 31 MARCH 2021 | |
|---|---|---|---|---|---|
| 2021f | 2020 f |
||||
| UNRESTRICTED FUNDS | |||||
| RECEIPTS | |||||
| Receipts from Assets and Investments | |||||
| Interest - Fixed Interest Stocks |
9,033 | 7,205 | |||
| National Westminster |
Bank | Pic | 18 | 189 | |
| Dividends - Equities and Unit Trusts |
24,518 | 34,594 | |||
| TOTAL RECEIPTS | 33,569 | 41,988 | |||
| PAYMENTS | |||||
| Charitable Activities |
|||||
| Distributions in accordance |
with the terms | ||||
| of the Trust Deed | 40,750 | 43,698 | |||
| Governance Costs: |
|||||
| Accountancy charges |
1,062 | 942 | |||
| TOTAL PAYMENTS | 41,812 | 44,640 | |||
| NET RECEIPTS/(PAYMENTS) | FOR | THE YEAR | (8,243) | (2,652) | |
| Cash Funds Last Year End | 53,814 | 56,466 | |||
| CASH FUNDS THIS YEAR END | 45,571 | 53,814 | |||
| ENDOWMENT | FUNDS | ||||
| RECEIPTS | |||||
| Proceeds from Asset and Investment | sales | 511,924 | 235,901 | ||
| PAYMENTS | |||||
| Asset and Investment purchases |
487,493 | 248,460 | |||
| Investment Management charges |
9,922 | 10,743 | |||
| NET RECEIPTS/(PAYMENTS) | 14,509 | (23,302) | |||
| Cash Funds Last Year End | 6,994 | 30,296 | |||
| CASH FUNDS THIS YEAR END | 21,503 | 6,994 |
| STATEMENT OF | ASS | ETS & | LIABILITIES at 3 | 1 MARCH 202 | 1 | |
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| Unrestricted | Endowment | Unrestricted | Endowment | |||
| Funds | Funds | Funds | Funds | |||
| E | 6 | E | ||||
| CASH FUNDS | ||||||
| Barclays Wealth | 1,607 | 21,503 | 5,458 | |||
| National Westminster |
Bank Pic | |||||
| - Instant Saver Account | 39,072 | 49,110 | 1,536 | |||
| - Current Account | 3,840 | 3,902 | ||||
| Vicar's Discretionary | Fund | 1,052 | 802 | |||
| 45,571 | 21,503 | 53,814 | 6,994 | |||
| INVESTMENT ASSETS | ||||||
| Investment Porffolio |
managed | |||||
| by Barclays Wealth | ||||||
| -Cost | 1,029,637 | 1,043,275 | ||||
| Market Value | 1,180,664 | 990,535 | ||||
| LIABILITIES | ||||||
| Investment Management |
charges | 2,701 | 2,241 | |||
| Accountancy | 990 | 966 | ||||
| 3,691 | 3,207 |