##
##
||||Page|
|---|---|---|---|
|Trustees'
Report||||
|Independent|Examiner's|Report||
|Statement of|Financial|Activities||
|Balance Sheet||||
|Notes to the|Financial Statements|||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||Restricted|Permanent|||
|---|---|---|---|---|---|---|
||||Income|Endowment|2021|2020|
||||Fund|Fund|Total|Total|
|||Note|||||
|Incoming Resources
Investment
income||2|43,166||43,166|38,867|
|Bank interest (gross)||||||21|
|Profit/(Loss)
on sale
or revaluation
of investments||||90,022|90,022|(40,261)|
|Total Incoming Resources|||43,166|90,022|133,188|(1,373)|
|Charitable
expenditure
Management
and administration||4|1,980|12,466|14,446|14,055|
|Chadtable
distributions||3|37,000||37,000|24,000|
|Total Resources Expended|||38,980|12,466|51,446|38,055|
|Net Incoming/(Outgoing)|Resources||4,186|77,556|81,742|(39,428)|
|Fund balances brought|forward||37,040|1,189,949|1,226,989|1,266,417|
|Fund balances carried|forward||41,226|1,267,505|1,308,731|1,226,989|
##
##
||||Restricted|Permanent|||
|---|---|---|---|---|---|---|
||||Income|Endowment|2021|2020|
||||Fund|Fund|Total|Total|
|||Note|||||
|Fixed assets|||||||
|Investments|at Market Value|||1,252,337|1,252,337|1,163,317|
|Current assets|||||||
|Investec Dealing Account
Cash at Bank|||7,424
45,253|11,248
4,520|18,672
49,773|33,957
30,755|
|Debtors|||1,229||1,229|1,300|
||||53,906|15,768|69,674|66,012|
|Creditors|||||||
|Rushions|||(1,980)|(600)|(2,580)|(2,340)|
|St Peter's Parish Church|||(8,300)||(8,300)||
|RSPB|||(2,400)||(2,400)||
|Net current assets|||41,226|15,168|56,394|63,672|
|Net assets|||41,226|1,267,505|1,308,731|1,226,989|
|Funds|||41,226|1,267,505|1,308,731|1,226,989|
##
##
##
##
##
##
##
##
##
##
||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|
|2|INVESTMENT INCOME||||||||
|Fixed Interest Stocks|||||||2,003|1,749|
|Indexed
Linked Stocks|||||||878|931|
|Ordinary
Shares|||||||21,961|20,151|
||Unit Trusts||||||18,324|16,036|
||||||||43,166|38,867|
|3|DISTRIBUTIONS||||||||
|St. Mary's
&St. Michael's||Church, Bonds|||||3,700|2,400|
|St Helen's Church,
Churchtown|||||||3,700|2,400|
||United Reformed
Church,|Garstang|||||3,700|2,400|
|Guide Dogs for the Blind
RSPCA|||||||3,700
3,700|2,400
2,400|
||St Peter's Church, Scorton||||||3,700|2,400|
||RNLI
RSPe||||||3,700
3,700|2,400
2,400|
||Christ Church,
Over Wyresdale||||||3,700|2,400|
||Leonard Cheshire
Disability||||||3,700|2,400|
||||||||37,000|24,000|
|4|MANAGEMENT
AND ADMINISTRATION|||||EXPENSES|||
||Income Fund Expenses:||||||||
||Rushtons —Accountancy
Independent|&Taxation
Examination||Charges
Fee||&|1,980|1,860|
||Capital Fund Expenses:
Rushtons||||||600|1,200|
||Investec Wealth
& Investment||Management||Charge||11,866|10,995|
||Linder Myers —Legal Charges||||||||
||||||||12,466|12,195|
||TOTAL EXPENDITURE||||||14,446|14,055|
##
##
##
|||At 1 January|2021||Additions|Dieposals|Dieposals||At 31|December|2021||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||ProSt/(Loss)||||||
||No of|||No Of||No of||On Sale|No of|||Dividend|
||Sharesl||Market|Sharesl||Sheres/||Or|Sharesl||Market|Interestl|
||Units|Cost|Value|Units|Cost|Units|Proceeds|Revaluation|Units|Cost|Value|PID's|
|Fixed interest Stocks|||||||||||||
|Barclays Bank 6.3%FTSEincome|||||||||||||
|Autocall2026|17,800|17,662|17,675|||||287|17,800|17,662|17,962|1,121|
|HSBC Bank 5.8%FTSEIncome|||||||||||||
|Autocall2025|15,200|14,876|15,215|||||538|15,200|14,876|15,753|882|
|||32,538|32,890|||||825||32,538|33,715|2,003|
|Index Linked Stocks|||||||||||||
|National
Grid 1.25% Index Linked|||||||||||||
|Stock 2022|25,000|25,792|31,650|||25,000|31,992|342||||324|
|Treasury 1.875% Index Linked|||||||||||||
|Stock2022|20,000|29,490|31,360|||||993|20,000|29,490|32,353|554|
|||55,282|63,010||||31,992|1,335||29,490|32,353|878|
##
|5. INVESTMENTS AND INCOME (continued)|5. INVESTMENTS AND INCOME (continued)|5. INVESTMENTS AND INCOME (continued)|5. INVESTMENTS AND INCOME (continued)||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||At 1 January||2021|Additions||Disposals|||At 31|December 2021|||
|||||No of||||No of||No of|Profit/(Loss)||No of|||Dividend|
|||||Sharesl||Market||Sheres/||Sharesl||On Sale Or|Sharesl||Market|Interest|
|||||Units|Cost||Value|Units|Cost|Units|ProceedsRevaluation||Units|Cost|Value|IPID's|
||||||6||6||6||6|E||6|||
|Ordinary
Shares|||||||||||||||||
|Aberforth
Smaller||Companies||1,770|19,046||22,018|||||3,859|1,770|19,046|25,877|599|
|BBHealthcare
Trust||||9,475|13,111||16,837|||||2,160|9,475|13,111|18,997|523|
|British American||Tobacco||225|11,274||6,213|||||56|225|11,274|6,269|482|
|BHP Billiton||||755|14,006||14,544|||||2,060|755|14,006|16,604|1,641|
|BlackRock American||||30,800|34,609||51,651|||30,800|57,868|6,217||||1,848|
|BurBerry Group||||500|6,777||8,969|||500|9,511|542||||213|
|Civitas Social Housing||||19,090|19,125||20,025|||19,090|19,436|(589)||||780|
|Compass Group||||675|9,119||9,217|||||1,926|675|9,119|11,143||
|Diageo||||415|11,475||11,969|||||4,781|415|11,475|16,750|301|
|Expedan
Group||||890|8,519||24,742|||||7,587|890|8,519|32,329|305|
|GlaxoSmithKilne||||870|14,657||11,842|||||2,302|870|14,657|14,144|696|
|Hipgnosis Songs||Fund||20,000|23,506||24,760|||||300|20,000|23,506|25,060|1,050|
|HSBC Holdings||||2,470|17,555||9,341|||||1,740|2,470|17,555|11,081|393|
|International
Public Partnership||||37,125|47,962||63,149|||||(111)|37,125|47,962|63,038|2,770|
|Imperial Brands||||270|10,007||4,147|||||220|270|10,007|4,367|374|
|Jackson Financial||||||||28|554|28|522|(32)|||||
|JPMorgan
Global||Emerging|||||||||||||||
|Markets Income|Trust|||||||7,200|11,259|||(729)|7,200|11,259|10,530|295|
|Polar Capital Global Financials||||13,200|13,565||18,612|||||4,224|13,200|13,565|22,836|581|
|Prudential||||1,135|13,053||15,308|||||(840)|1,135|13,053|14,468|686|
|Relx||||535|10,089||9,591|||||3,249|535|10,089|12,840|255|
|Rio Tinto||||460|13,918||25,180|||||(2,676)|460|13,918|22,504|3,187|
|Schroders Voting||Ordinary|shares|375|9,601||12,540|||||808|375|9,601|13,348|435|
|SDCL Energy efficiency||||23,700|23,735||25,287|||||2,442|23,700|23,735|27,729|1,318|
|Smith &Nephew||||425|7,043||6,418|||||(927)|425|7,043|5,491|115|
|Target Healthcare||REIT||34,950|35,335||39,773|||19,500|22,555|1,013|15,450|15,621|18,231|1,040|
|Twenty-Four
Income Fund||||||||22,885|25,393|||868|22,885|25,393|26,261||
|Urban &Civic||||4,359|9,843||15,008|||4,359|15,039|31|||||
|UK Commercial|Property Trust|||32,689|24,062||22,588|||||1,880|32,689|24,062|24,468|956|
|Unilever||||430|12,000||18,913|||||(1,948)|430|12,000|16,965|635|
|Vodafone Group||||6,185|12,511||7,723|||||(550)|6,185|12,511|7,173|483|
||||||445,503|516,365|||37,206||124,931|39,863||392,087|468,503|21,961|
##
||||NOTES|NOTES|TO THE|ACCOUNTS|FOR THE|YEAR ENDED 31 DECEMBER 2021|YEAR ENDED 31 DECEMBER 2021|YEAR ENDED 31 DECEMBER 2021|YEAR ENDED 31 DECEMBER 2021|||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|5.
INVESTMENTS AND INCOME (continued)||||||||||||||||
||||At 1 January||2021|Additions||Disposals||||At 31|December 2021|||
|||No of||||No of||No of||Profitl(Loss)||No of|||Dividendsl|
|||Sharesl||Market||Sharesl||Sharesl|||On Sale or|Sharesl||Market|Interest|
|||Units|Cost
8||Value
8|Units|Cost
E|Units|Proceeds
E|Revaluation
E||Units|Cost|Value|P.I.D'sf|
|Unit Trusts||||||||||||||||
|Aberdeen
Standard
ASI European||||||||||||||||
|Equity Fund||34,450|28,379||34,615||||||4,486|34,450|28,379|39,101|1,054|
|Aberdeen
Standard
ASI Global||||||||||||||||
|Index Linked Bond Fund||53,595|30,110||33,389||||||1,067|53,595|30,110|34,456|402|
|Aviva US Equity Income Fund
Axa Framlington
UK Mid Cap Fund||23,700|25,096||41,309|32,575|58,019||||7,113
6,281|32,575
23,700|58,019
25,096|65,132
47,590|700
630|
|Axa US Short Duration
High Yield
Bond Fund||17,080|17,427||15,730|||17,080|15,412||(318)||||313|
|BlackRock Continental
European|Fund|17,830|22,624||31,541||||||2,908|17,830|22,624|34,449|1,009|
|Eden Vance Emerging
Markets||||||||||||||||
|Debt Opportunities
Shares||||||1,725|17,837||||(1,077)|1,725|17,837|16,760|956|
|Franklin Templeton
UK Mid Cap||13,225|11,395||14,269||||||2,461|13,225|11,395|16,730|288|
|Gemcap Atlantic House Defined
Returns
Fund||||||13,650|15,169||||258|13,650|15,169|15,427|155|
|Invesco Perpetual
European
Equity Fund||5,995|23,393||21,000||||||2,122|5,995|23,393|23,122|755|
|JP Morgan Emerging
Markets
Income Fund||44,555|25,406||31,330||||||1,726|44,555|25,406|33,056|945|
|JP Morgan US Equity Income Fund
KShares||30,672|24,928||36,726||||||9,205|30,672|24,928|45,931|807|
|Jupiter Strategic Bond Fund
Link Morant Wright Fuji Yield Fund
M & G Corporate
Bond Fund||46,792
2,400
80,141|30,932
24,833
22,978||31,678
23,097
34,861||||||(757)
1,594
(1,426)|46,792
2,400
80,141|30,932
24,833
22,978|30,921
24,691
33,435|1,204
736
858|
|Oaktree Global High Yield Bond Fund||300|30,008||28,374||||||(15)|300|30,008|28,359|1,280|
|Premier UK Multi-Cap
Fund
Royal London Sterling Credit Fund
Schroder Asian Income Fund||28,536
59,422|36,839
28,405||42,205
45,339|5,375|12,368||||(296)
(1,170)
1,414|5,375
28,536
59,422|12,368
36,839
28,405|12,072
41,035
46,753|204
1,410
1,512|
|Schroders Global Cities Real||||||||||||||||
|Estate Income Fund||||||13,425|13,378||||624|13,425|13,378|14,002|46|
|Sequoia Economic Infrastructure
Valu-Tree Protean Capital Elder
Vanguard
S&P500 Fund|Fund|39,409
815|39,418
20,824||43,349
42,240|17,775|17,333
23||||(827)
227
12,399|39,409
17,775
815|39,418
17,333
20,847|42,522
17,560
54,662|2,463
597|
||||442,995|551,052|||134,127||15,412||47,999||559,695|717,766|18,324|
||||976,318|1,163,317|||171,333||172,335||90,022||1,013,810|1,252,337|43,166|
||||||||11|||||||||