| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 4 |
| Report ofthe Independent Auditors |
5 | to | 6 |
| Statement ofFinancial Activities | |||
| Balance Sheet | |||
| Notes to the Financial Statements | 9 | to | 17 |
| Detailed Statement ofFinancial Activities | 18 |
| 31.12.20 | 31.12.19 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | |||
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies |
22 | 22 | |
| Charitable activities |
|||
| Property insurance premiums |
61,597 | 58,131 | |
| Investment income |
20,382 | 35,554 | |
| Total | 82,001 | 93,707 | |
| EXPENDITURE ON | |||
| Raising funds | 9,812 | 9,402 | |
| Charitable activities |
|||
| General | 14,400 | 11,400 | |
| Property insurance premiums |
61,597 | 58,131 | |
| Building repair grants | 18,856 | 22,372 | |
| Total | 104,665 | 101,305 | |
| Net gains on investments | 2,542 | 138,404 | |
| NET INCOME/(EXPENDITURE) | (20,122) | 130,806 | |
| Other recognised gains/(losses) |
|||
| Gains on revaluation offixed assets |
839,139 | 1,812,509 | |
| Net movement in funds |
819,017 | 1,943,315 | |
| RECONCILIATION OF FUNDS |
|||
| Total funds brought forward | 63,127,157 | 61,183,842 | |
| TOTAL FUNDS CARRIED FORWARD | 63,946,174 | 63,127,157 |
| Balance Sheet 31December 2020 |
|||
|---|---|---|---|
| 31.12.20 | 31.12.19 | ||
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | |||
| FIXEDASSETS | |||
| Tangible assets | 61,888,958 | 61,049,819 | |
| Investments | |||
| Investments | 9 | 1,273,075 | 1,241,624 |
| Investment property |
10 | 750,000 | 750,000 |
| 63,912,033 | 63,041,443 | ||
| CURRENT ASSETS | |||
| Debtors | 6,100 | 6,432 | |
| Cash at bank | 40,641 | 83,482 | |
| 46,741 | 89,914 | ||
| CREDITORS | |||
| Amounts falling due within one year |
12 | (12,600) | (4,200) |
| NET CURRENT ASSETS | 34,141 | 85,714 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 63,946,174 | 63,127,157 | |
| NET ASSETS | 63,946,174 | 63,127,157 | |
| FUNDS | 13 | ||
| Unrestricted funds |
63,946,174 | 63,127,157 | |
| TOTAL FUNDS | 63,946,174 | 63,127,157 |
| INVESTMENT INCOME | ||
|---|---|---|
| 31.12.20 | 31.12.19 | |
| Rents received | 500 | 500 |
| Dividend income | 19,682 | 34,602 |
| Deposit account interest | 18 | 131 |
| CCLA deposit fund interest | 182 | 321 |
| 20,382 | 35,554 |
| Investment | Investment | management | management | costs | |||
|---|---|---|---|---|---|---|---|
| 31.12.20 | 31.12.19 | ||||||
| Portfolio | management | 9,812 | 9,402 | ||||
| 4. | SUPPORT | COSTS | |||||
| Governance | |||||||
| costs | |||||||
| General | 14,400 | ||||||
| Support | costs, included | in | the above, are as follows: | ||||
| 31.12.20 | 31.12.19 | ||||||
| Total | |||||||
| General | activities | ||||||
| Auditors' | remuneration | 1,800 | 1,800 | ||||
| Secretaries | fees | 12,600 | 9,600 | ||||
| 14,400 | 11,400 |
| COMPAR | ATIVE | S FOR THE STATEMENT OF FINANCIAL ACT | IVITIES |
|---|---|---|---|
| Unrestricted | |||
| fund | |||
| INCOME | AND ENDOWMENTS FROM | ||
| Donations | and legacies | 22 | |
| Charitable | activities | ||
| Property insurance | premiums | 58,131 | |
| Investment | income | 35,554 | |
| Total | 93,707 | ||
| EXPENDITURE | ON | ||
| Raising funds | 9,402 |
| 7. | COMPARATIVES FORTHE STATEMENT OF F | INANCIAL ACTIVITIES | - continued | |
|---|---|---|---|---|
| Unrestricted | ||||
| fund | ||||
| Charitable activities |
||||
| General | 11,400 | |||
| Property insurance premiums |
58,131 | |||
| Building repair grants | 22,372 | |||
| Total | 101,305 | |||
| Net gains on investments | 138,404 | |||
| NET INCOME | 130,806 | |||
| Other recognised gains/posses) |
||||
| Gains on revaluation offixed assets |
1,812,509 | |||
| Net movement in funds |
1,943,315 | |||
| RECONCILIATION OFFUNDS |
||||
| Total funds brought fonvard | 61,183,842 | |||
| TOTAL FUNDS CARRIED FORWARD | 63,127,157 | |||
| 8. | TANGIBLE FIXEDASSETS | |||
| Freehold | Ground | |||
| property | rents | Totals | ||
| COST ORVALUATION | ||||
| At 1 January 2020 | 61,048,404 | 1,415 | 61,049,819 | |
| Revaluations | 839,139 | 839,139 | ||
| At 31December 2020 | 61,887,543 | 1,415 | 61,888,958 | |
| NET BOOKVALUE | ||||
| At 31December 2020 | 61,887,543 | 1,415 | 61,888,958 | |
| At 31December 2019 | 61,048,404 | 1,415 | 61,049,819 |
| Fixed | |||||
|---|---|---|---|---|---|
| asset | |||||
| investments | |||||
| MARKET VALUE | |||||
| At 1 January 2020 | 1,241,624 | ||||
| Additions | 443,033 | ||||
| Disposais | (429,220) | ||||
| Revaluations | 17,638 | ||||
| At 31December 2020 | 1,273,075 | ||||
| NET BOOKVALUE | |||||
| At 31December 2020 | 1/73,075 | ||||
| At 31December 2019 | 1,241,624 | ||||
| Quoted investment | analysis | ||||
| 31.12.20 | 31.12.19 | ||||
| Cost | Market value | Cost | Market value | ||
| Equities —UK |
347,760 | 357,337 | 486,708 | 540,902 | |
| Overseas stocks | 414,491 | 491,375 | 222,678 | 243,351 | |
| Other | 132,976 | 160,089 | 112,681 | 139,546 | |
| Fixed interest - UK | 198,296 | 221,126 | 255,777 | 274,859 | |
| CCLA Cash deposits | 43,148 | 43,148 | 42,965 | 42,966 | |
| 1,136,672 | 1,273,075 | 1,120,809 | 1,241,624 |
| FAIR VALUE | |
|---|---|
| At 1 January 2020 | |
| and 31December 2020 | 750,000 |
| NET BOOKVALUE | |
| At 31December 2020 | 750,000 |
| At 31December 2019 | 750,000 |
| 11. | DEBTORS | |||
|---|---|---|---|---|
| 31.12.20 | 31.12.19 | |||
| Amounts falling due within one year: |
||||
| Other debtors | 5,616 | 5,676 | ||
| Amounts falling due after more than one year: |
||||
| Other debtors | 484 | 756 | ||
| Aggregate amounts |
6,100 | 6,432 | ||
| 12. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 31.12.20 | 31.12.19 | |||
| Trade creditors | 6,000 | |||
| Accrued expenses | 6,600 | 4,200 | ||
| 12,600 | 4,200 | |||
| 13. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.1.20 | in funds | 31.12.20 | ||
| Unrestricted funds |
||||
| Trust Fund | 63,127,157 | 819,017 | 63,946,174 | |
| TOTAL FUNDS | 63,127,157 | 819,017 | 63,946,174 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| Unrestricted | funds | ||||
| Trust Fund | 82,001 | (104,665) | 841,681 | 819,017 | |
| TOTAL FUNDS | 82,001 | (104,665) | 841,681 | 819,017 |
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.1.19 | in funds | 31.12.19 | ||
| Unrestricted | funds | |||
| Trust Fund | 61,183,842 | 1,943,315 | 63,127,157 | |
| TOTAL FUNDS | 61,183,842 | 1,943,315 | 63,127,157 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| Unrestricted | funds | ||||
| Trust Fund | 93,707 | (101,305) | 1,950,913 | 1,943,315 | |
| TOTAL FUNDS | 93,707 | (101,305) | 1,950,913 | 1,943,315 |
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.1.19 | in funds | 31.12.20 | ||
| Unrestricted | funds | |||
| Trust Fund | 61,183,842 | 2,762,332 | 63,946,174 | |
| TOTAL FUNDS | 61,183,842 | 2,762,332 | 63,946,174 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| Unrestricted | funds | ||||
| Trust Fund | 175,708 | (205,970) | 2,792,594 | 2,762,332 | |
| TOTAL FUNDS | 175,708 | (205,970) | 2,792,594 | 2,762,332 |
| Detailed Statement ofFinancial Activities | |||
|---|---|---|---|
| for the Year Ended 31December 2020 | |||
| 31.12.20 | 31.12.19 | ||
| f. | |||
| INCOME AND ENDOWMENTS | |||
| Donations and legacies |
|||
| Donations | 22 | 22 | |
| Investment income |
|||
| Rents received | 500 | 500 | |
| Dividend income | 19,682 | 34,602 | |
| Deposit account interest | 18 | 131 | |
| CCLA deposit fund interest | 182 | 321 | |
| 20,382 | 35,554 | ||
| Charitable activities |
|||
| Insurance recharge income |
61,597 | 58,131 | |
| Total incoming resources | 82,001 | 93,707 | |
| EXPENDITURE | |||
| Investment management |
costs | ||
| Portfolio management | 9,812 | 9,402 | |
| Charitable activities |
|||
| Insurance | 61,597 | 58,131 | |
| Grants for building repairs |
18,856 | 22,372 | |
| 80,453 | 80,503 | ||
| Support costs | |||
| Governance costs |
|||
| Auditors' remuneration |
1,800 | 1,800 | |
| Secretaries fees | 12,600 | 9,600 | |
| 14,400 | 11,400 | ||
| Total resources expended | 104,665 | 101,305 | |
| Net expenditure before gains and losses |
(22,664) | (7,598) | |
| Realised recognised gains |
and losses | ||
| Realised losses/gains on fixed asset investments |
(50,840) | 42,904 | |
| Net (expenditure)/income | (73,504) | 35,306 |
| Increase | ||||
|---|---|---|---|---|
| At | in | At | ||
| Fixed Assets —School and Other Buildings | 31.12.19 | Value | 31.12.20 | |
| School | ||||
| Woolston | 2,337,748 | 25,715 | 2,363,463 | |
| StAndrew' s, Orford | 1,979,082 | 21,770 | 2,000,852 | |
| StMargaret's Junior, Orford |
8,167,451 | 92,592 | 8,260,043 | |
| StJames', Latchford | 3,311,332 | 36,425 | 3,347,757 | |
| StElphins, Warrington | 6,424,426 | 70,669 | 6,495,095 | |
| StAnn's, Warrington | 2,215,389 | 24,369 | 2,239,758 | |
| StBarnabas, Warrington | 2,215,389 | 24,369 | 2,239,758 | |
| Christ Church, Padgate | 4,196,573 | 46,162 | 4,242,735 | |
| Birchwood, Oakwood Mount | 2,097,238 | 23,070 | 2,120,308 | |
| StWilfrid's, Grappenhall |
4,383,706 | 48,221 | 4,431,927 | |
| StOswald's, Winwick |
2,367,922 | 26,047 | 2,393,969 | |
| Cinnamon Brow, Warrington |
4,017,245 | 44,190 | 4,061,435 | |
| StMatthew' s, Stretton | 1,866,636 | 20,533 | 1,887,169 | |
| Glazebury | 1,485,378 | 1,485,378 | ||
| Hollins Green, Hollinfare | 1,359,574 | 1,359,574 | ||
| Westbrook, Warrington |
6,059,893 | 262,809 | 6,322,702 | |
| StThomas, Stockton Heath | 3,693,726 | 40,631 | 3,734,357 | |
| StJames, Warrington | 2,869,696 | 31,567 | 2,901,265 | |
| 61,048,404 | 839,139 | 61,887,543 | ||
| Other Buildings | ||||
| Fairfield Street Community | Centre | 500,000 | 500,000 | |
| StMargaret's Infants, Orford |
250,000 | 250,000 | ||
| 59,985,895 | 1,812,509 | 61,798,404 |