| Page | |||
|---|---|---|---|
| Reference and Administrative Details |
|||
| Trustees' Report | 2 | to | 4 |
| Report ofthe Independent Auditors |
5 | to | 7 |
| Statement ofFinancial Activities | |||
| Balance Sheet | |||
| Notes to the Financial Statements | 10 | to | 17 |
| Detailed Statement ofFinancial Activities | 18 |
| Trustees | Mrs JCrouch | |||||||
|---|---|---|---|---|---|---|---|---|
| Mr KMaunder | ||||||||
| Dr AECarter | ||||||||
| Aid A Bryning | ||||||||
| Rev CNewlands | (resigned | 1/3/2021) | ||||||
| Mr M Bonnett | ||||||||
| Mr FKershaw | ||||||||
| Mrs GRJenkinson | ||||||||
| Mr KRobinson | ||||||||
| Mr M Greenhalgh | ||||||||
| Dr SJohnson | ||||||||
| Mrs JAlexander | ||||||||
| Ms LEllis | ||||||||
| Ms VJPearson | ||||||||
| Cllr JJackson | ||||||||
| Rev RAechtner | ||||||||
| Rev CLBackhouse | (appointed | 1/6/2020) | ||||||
| Principal | address | Oglethorpe Sturton |
& | |||||
| Gillibrand LLP Solicitors |
||||||||
| 16Castle Park | ||||||||
| LANCASTER | ||||||||
| LA1 1YG | ||||||||
| Registered | charity number | 526393 | ||||||
| Independent | auditors | Scott &Wilkinson | LLP | |||||
| Chartered Accountants |
and | Statutory Auditors | ||||||
| Dalton House | ||||||||
| 9Dalton Square | ||||||||
| LANCASTER | ||||||||
| LA1 1WD |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Total | Total | ||||
| fund | funds | funds | funds | ||||
| Notes | g | ||||||
| Income and endowments | from | ||||||
| Investment | income | 2 | 128,291 | 128,291 | 128,595 | ||
| Expenditure | on | ||||||
| Charitable | activities | 3 | |||||
| Education | 84,819 | 84,819 | 38,792 | ||||
| Chapel Maintenance | 1,696 | 1,696 | 3,844 | ||||
| Total | 86,515 | 86,515 | 42,636 | ||||
| Net gains/(losses) on investments |
182,411 | 497,806 | 680,217 | (73,619) | |||
| NET INCOME | 224,187 | 497,806 | 721,993 | 12,340 | |||
| Reconciliation offunds |
|||||||
| Total funds | brought forward | 1,096,406 | 2,673,525 | 3,769,931 | 3,757,591 | ||
| Total funds | carried forward | 1,320,593 | 3,171,331 | 4,491,924 | 3,769,931 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Total | Total | |||
| fund | funds | funds | funds | |||
| Notes | g | g | ||||
| Fixed assets | ||||||
| Investments | 10 | 1,123,266 | 3,171,331 | 4,294,597 | 3,614,379 | |
| Current assets |
||||||
| Debtors | 252 | 252 | 252 | |||
| Cash at bank | and in hand | 200,045 | 200,045 | 158,235 | ||
| 200,297 | 200,297 | 158,487 | ||||
| Creditors | ||||||
| Amounts falling due within one year |
12 | (2,970) | (2,970) | (2,935) | ||
| Net current | assets | 197,327 | 197,327 | 155,552 | ||
| Total assets | less current liabilities | 1,320,593 | 3,171,331 | 4,491,924 | 3,769,931 | |
| NET ASSETS | 1,320,593 | 3,171,331 | 4,491,924 | 3,769,931 | ||
| Funds | 13 | |||||
| Unrestricted | funds | 1,320,593 | 1,096,406 | |||
| Endowment | funds | 3,171,331 | 2,673,525 | |||
| Total funds | 4,491,924 | 3,769,931 |
| Charitable activities costs |
|||||
|---|---|---|---|---|---|
| Grant | |||||
| funding of | |||||
| activities | Support | ||||
| Direct | (see note | costs (see | |||
| Costs | 4) | note 5) | Totals | ||
| 8 | |||||
| Education | 11,864 | 66,250 | 6,705 | 84,819 | |
| Chapel Maintenance | 1,696 | 1,696 | |||
| 13,560 | 66,250 | 6,705 | 86,515 | ||
| Grants payable | |||||
| 2021 | 2020 | ||||
| Education | 66,250 | 19,430 | |||
| The total grants paid to institutions | during the year was as follows: | ||||
| 2021 | 2020 | ||||
| g | |||||
| Arkholme | 500 | ||||
| Hornby | 500 | ||||
| Slyne-with-Hest | 500 | 500 | |||
| Thumb am | 500 | ||||
| Overton | 500 | ||||
| Diocese ofLiverpool | 2,500 | 2,500 | |||
| Yealand | 500 | 500 | |||
| Poulton-le-sands | 500 | 500 | |||
| Silverdale | 500 | 500 | |||
| Caton StPaul's | 500 | 500 | |||
| Bolton le Sands | 500 | 500 | |||
| Dolphinholme | 500 | 500 | |||
| Ellel | 500 | ||||
| Wilson Endowed School | 500 | 500 | |||
| Leek St Peter' s | 500 | ||||
| Priory Music Trust | 2,000 | 2,000 | |||
| Morecambe Choir |
850 | ||||
| Ripley Pastoral Officer | 10,000 | ||||
| Christ Church | 500 | ||||
| StPeter's Heysham | 500 | 500 | |||
| St Luke's Insurance | 1,500 | ||||
| Scotforth Insurance | 1,500 | ||||
| Christ Church Insurance | 1,500 | ||||
| StWilfrids | 500 | 500 | |||
| Cockerham | 500 | ||||
| Halton School | 500 | ||||
| Kirkby Lonsdale | 500 | ||||
| StPaul's covid grant | 15,000 | ||||
| St Luke's covid grant | 15,000 | ||||
| Christ church covid grant | 15,000 | ||||
| 66,000 | 18,350 |
| The total | grants paid to individuals | grants paid to individuals | during | the year was as follows: | the year was as follows: | ||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| 5 | |||||||
| Individual | grants | 250 | 1,080 | ||||
| Support | costs | ||||||
| Governance | |||||||
| costs | |||||||
| 5 | |||||||
| Education | 6,705 | ||||||
| Auditors' | remuneration | ||||||
| 2021 | 2020 | ||||||
| Fees payable to the charity's | auditors for the audit ofthe charity's | financial | |||||
| statements | 2,969 | 2,880 |
| 9, | Comparatives for the statement offinancial |
Comparatives for the statement offinancial |
activities | |||
|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Total | ||||
| fund | funds | funds | ||||
| Income and endowments | from | |||||
| Investment income |
128,595 | 128,595 | ||||
| Expenditure on |
||||||
| Charitable activities |
||||||
| Education | 38,792 | 38,792 | ||||
| Chapel Maintenance | 3,844 | 3,844 | ||||
| Total | 42,636 | 42,636 | ||||
| Net gains/(losses) on investments |
(24,764) | (48,855) | (73,619) | |||
| NET INCOME/(EXPENDITURE) | 61,195 | (48,855) | 12,340 | |||
| Reconciliation offunds | ||||||
| Total funds brought forward | 1,035,211 | 2,722,380 | 3,757,591 | |||
| Total funds carried forward | 1,096,406 | 2,673,525 | 3,769,931 | |||
| 10. | Fixed asset investments | |||||
| Listed | ||||||
| investments | ||||||
| Market value | ||||||
| At 1 April 2020 | 3,614,379 | |||||
| Revaluations | 680,218 | |||||
| At 31 March 2021 | 4,294,597 | |||||
| Net book value | ||||||
| At 31Match 2021 | 4,294,597 | |||||
| At 31Match 2020 | 3,614,379 |
| 10. | Fixed asset | investments - continued | investments - continued | investments - continued | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Cost or valuation | at | 31 March 2021 is | represented | by: | ||||||
| Listed | ||||||||||
| investments | ||||||||||
| g | ||||||||||
| Valuation in |
2021 | 3,465,948 | ||||||||
| Cost | 828,649 | |||||||||
| 4,294,597 | ||||||||||
| 1L | Debtors: amounts | falling due within | one year | |||||||
| 2021 | 2020 | |||||||||
| Prepayments | 252 | 252 | ||||||||
| 12. | Creditors: amounts | falling due within | one year | |||||||
| 2021 | 2020 | |||||||||
| Accrued expenses | 2,970 | 2,935 | ||||||||
| 13. | Movement | in funds | ||||||||
| Net | ||||||||||
| movement | At | |||||||||
| At 1/4/20 | in funds | 31/3/21 | ||||||||
| Unrestricted | funds | |||||||||
| General fund |
1,096,406 | 224,187 | 1,320,593 | |||||||
| Endowment | funds | |||||||||
| Central Board ofFinance Investment | Fund | 2,425, 144 | 503,107 | 2,928,251 | ||||||
| CBFChurch | ofEngland Property Fund | 248,381 | (5,301) | 243,080 | ||||||
| 2,673,525 | 497,806 | 3,171,331 | ||||||||
| TOTAL FUNDS | 3,769,931 | 721,993 | 4,491,924 |
| Incoming | Resources | Gains and | Movement | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||||||
| g | ||||||||||
| Unrestricted | funds | |||||||||
| General fund |
128,291 | (86,515) | 182,411 | 224,187 | ||||||
| Endowment | funds | |||||||||
| Central Board | ofFinance Investment | Fund | 503,107 | 503,107 | ||||||
| CBFChurch | ofEngland Property | Fund | (5,301) | (5,301) | ||||||
| 497,806 | 497,806 | |||||||||
| TOTAL FUNDS | 128,291 | (86,515) | 680,217 | 721,993 | ||||||
| Comparatives | for movement | in | funds | |||||||
| Net | ||||||||||
| movement | At | |||||||||
| At I/4/19 | in funds | 31/3/20 | ||||||||
| Unrestricted | funds | |||||||||
| General fund |
1,035,211 | 61,195 | 1,096,406 | |||||||
| Endowment | funds | |||||||||
| Central Board ofFinance Investment | Fund | 2,467,575 | (42,431) | 2,425,144 | ||||||
| CBFChurch | ofEngland Property | Fund | 254,805 | (6,424) | 248,381 | |||||
| 2,722,380 | (48855) | 2 673 525 | ||||||||
| TOTAL FUNDS | 3,757,591 | 12,340 | 3,769,931 | |||||||
| Compamtive | net movement | in | funds, | included | in the above are as follows: | |||||
| Incoming | Resources | Gains and | Movement | |||||||
| resources | expended | losses | in funds | |||||||
| 8 | ||||||||||
| Unrestricted | funds | |||||||||
| General fund | 128,595 | (42,636) | (24,764) | 61,195 | ||||||
| Endowment | funds | |||||||||
| Central Board ofFinance Investment | Fund | (42,431 ) | (42,431) | |||||||
| CBFChurch | ofEngland Property | Fund | (6,424) | (6,424) | ||||||
| (48,855) | (48,855) | |||||||||
| TOTAL FUNDS | 128,595 | (42,636) | (73,619) | 12,340 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Unrestricted | Endowment | Total | Total | ||
| funds | funds | funds | funds | ||
| g | 8 | ||||
| Income and endowments | |||||
| Investment income |
|||||
| Dividends on fixed asset investments |
128,291 | 128,291 | 128,595 | ||
| Total incoming resources | 128,291 | 128,291 | 128,595 | ||
| Expenditure | |||||
| Charitable activities |
|||||
| Repairs to schools | 11,864 | 11,864 | 12,746 | ||
| Chapel organ maintenance | 220 | 220 | 220 | ||
| Chapel expenses | 1,476 | 1,476 | 3,624 | ||
| Grants to institutions | 66,000 | 66,000 | 18,350 | ||
| Grants to individuals | 250 | 250 | 1,080 | ||
| 79,810 | 79,810 | 36,020 | |||
| Support costs | |||||
| Governance costs |
|||||
| Wages | 3,400 | 3,400 | 3,400 | ||
| Auditors' remuneration |
2,969 | 2,969 | 2,880 | ||
| Insurance | 336 | 336 | 336 | ||
| 6,705 | 6,705 | 6,616 | |||
| Total resources expended | 86,515 | 86,515 | 42,636 | ||
| Net income before gains and losses | 41,776 | 41,776 | 85,959 | ||
| Realised recognised | gains and losses | ||||
| Realised gains/(losses) | on fixed asset investments | 1,360 | |||
| Net income | 41,776 | 41,776 | 87,319 |