| Fort | he year ended 31March 2022 | he year ended 31March 2022 | |||
|---|---|---|---|---|---|
| A | RECEIPTS AND PAYMENTS ACCOUNT | 2022 | 2021 | ||
| (ACCUMULATED INCOME FUND) | |||||
| RECEIPTS | |||||
| Investment Income: |
|||||
| Rents from Property: Old Bank Chambers, Market Bosworth |
18,000 | 14,000 | |||
| Dividends and Interest: |
|||||
| Charities Official Investment Fund |
25,019 | 24,527 | |||
| Charinco Charities N/R Fund | 1,437 | 1,796 | |||
| National Savings Bank -Income Bond | 20 | 167 | |||
| COIF Charities Deposit Fund | |||||
| 26,476 | 26,490 | ||||
| TOTAL RECEIPTS | 6 44,476 | 40,490 | |||
| PAYMENTS | |||||
| Charitable Payments (Note 2) |
97,304 | 73,615 | |||
| Management and Administration: Clerk's Salary Audit and Accountancy |
5,377 | 5,879 660 |
|||
| Legal & Professional Bank Charges Sundry Expenses |
10 47 |
||||
| 5,404 | 6,596 | ||||
| TOTAL PAYMENTS | 102,708 | 80,211 | |||
| NET (PAYMENTS)/RECEIPTS | |||||
| FROM ACCUMULATED INCOME FUND ASSETS |
(58,232) | (39,721) | |||
| Surplus/(Deficit) from Permanent |
Endowment | (Page 3) | 77,306 | 51,721 | |
| Net Receipts/(Payments) for the Year |
19,074 | 12,000 | |||
| Cash and Bank balances at31 March 2021 | 68,120 | 56,120 | |||
| CASH AND BANK BALANCES | AT31MARCH 2022 | 687,194 | 68,120 |
| STATEMENT OFASSETS AND | LIABILITIESAT 31 | MARCH 2022 | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| ACCUMULATED INCOME FUND ASSETS |
||||
| Monetary Assets HSBCBank Current Account COIF Charities Deposit Fund |
86,995 199 |
67,921 199 |
||
| TOTAL CASH AND BANK BALANCES | 87,194 | 68,120 | ||
| Investments | ||||
| Quoted Investments at Cost: |
||||
| Charities Official Investment Fund |
||||
| 46,843.11Income Shares (Market Charinco Charities NjR Fund 23,949.56 Income Shares (Market National Savings Income Bond |
Value 6912,199) Value 641,354) |
399,341 33,778 20,000 |
399,341 33,778 20,000 |
|
| f.453,119 | f'.453,119 | |||
| Other Assets: | ||||
| Freehold Properties at Cost Old Bank Chambers, Market Bosworth |
E' 87,682 | 87,682 | ||
| TOTAL ACCUMULATED INCOME FUND ASSETS |
AT COST | 6608,921 | 6596,291 | |
| PERMANENT ENDOWMENT | FUND ASSETS | |||
| Investments | ||||
| Quoted Investments at Cost: |
||||
| Charities Official Investment Fund |
||||
| 56,939.53 Income Shares (Market | Value 61,108,812) | 71,305 | 71,305 | |
| Charmco Charities N/R Fund | ||||
| 11,540.47Income Shares (Market | Value 619,927) | 16,277 | 16,277 | |
| 6 87,582 | 87/82 | |||
| Other Assets: | ||||
| Freehold Property The Dixie Grammar School, Market Bosworth (Note 3) |
Value not Stated |