|||Page||
|---|---|---|---|
|Reference and Administrative<br>Details||||
|Trustees' Report|2|to|4|
|Report ofthe Independent<br>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<br>Sturton||&||||
||||Gillibrand<br>LLP Solicitors||||||
||||16Castle Park||||||
||||LANCASTER||||||
||||LA1 1YG||||||
|Registered||charity number|526393||||||
|Independent||auditors|Scott &Wilkinson||LLP||||
||||Chartered<br>Accountants|||and|Statutory Auditors||
||||Dalton House||||||
||||9Dalton Square||||||
||||LANCASTER||||||
||||LA1 1WD||||||





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|||||||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)<br>on investments||||182,411|497,806|680,217|(73,619)|
|NET INCOME||||224,187|497,806|721,993|12,340|
|Reconciliation<br>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|





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||||||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<br>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<br>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|





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|Charitable<br>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<br>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||





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|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|



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|9,|Comparatives<br>for the statement offinancial|Comparatives<br>for the statement offinancial|activities||||
|---|---|---|---|---|---|---|
|||||Unrestricted|Endowment|Total|
|||||fund|funds|funds|
||Income and endowments|from|||||
||Investment<br>income|||128,595||128,595|
||Expenditure<br>on||||||
||Charitable<br>activities||||||
||Education|||38,792||38,792|
||Chapel Maintenance|||3,844||3,844|
||Total|||42,636||42,636|
||Net gains/(losses)<br>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|





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|10.|Fixed asset|investments - continued|investments - continued|investments - continued|||||||
|---|---|---|---|---|---|---|---|---|---|---|
||Cost or valuation||at|31 March 2021 is|represented||by:||||
|||||||||||Listed|
|||||||||||investments|
|||||||||||g|
||Valuation<br>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<br>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|





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||||||||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||resources|expended|losses|in funds|
||||||||g||||
|Unrestricted||funds|||||||||
|General<br>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<br>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<br>income||||||
|Dividends<br>on fixed asset investments||128,291||128,291|128,595|
|Total incoming resources||128,291||128,291|128,595|
|Expenditure||||||
|Charitable<br>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<br>costs||||||
|Wages||3,400||3,400|3,400|
|Auditors'<br>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|