| Page | ||
|---|---|---|
| Report ofthe Trustees | 1to6 | |
| Repo*ofthe Independent | Auditors | 7tog |
| Statement ofFinancial Activities | ||
| Balance Sheet | 10 | |
| Notes tothe Financial Statements | 11to20 |
| r n e 31De |
cembe | r2020 | |||||
|---|---|---|---|---|---|---|---|
| 2020 | 2019 | ||||||
| Unrestricted | Restricted | Endowment | Total funds | Total funds | |||
| Notes | funds f |
fund f |
funds f |
f | f | ||
| INCOME AND | |||||||
| ENDOWMENTS FROM: | |||||||
| Charitable activities | |||||||
| Artefacts | 6,261 | 6,261 | 18,247 | ||||
| Donations | 50 | 50 | |||||
| Investment income |
4,477 | 4 | 107,029 | 111,510 | 173,334 | ||
| Total | 10,788 | 4 | 107,029 | 117,821 | 191,581 | ||
| EXPENDITURE ON: | |||||||
| Raising Funds | |||||||
| Investment management |
fees | 1,397 | 34,318 | 35,715 | 37,213 | ||
| Charitable activities | |||||||
| Donations | 92,553 | 92,553 | 160,252 | ||||
| Other direct charitable costs | 8,988 | 8,988 | 8,988 | ||||
| Support costs | 2,815 | 2,815 | 6,618 | ||||
| Total | 105,753 | 34,318 | 140,071 | 213,071 | |||
| Net movement on investments |
7 | 4,869 | 44,845 | 49,714 | 404,485 | ||
| NET(EXPENDITURE}l INCOME | (90,096) | 4 | 117,556 | 27,464 | 382,995 | ||
| Transfers between funds | 15 | 203,632 | (203,632) | ||||
| Net movement in funds |
113,536 | 4 | (86,076) | 27,464 | 382,995 | ||
| RECONCILIATION OFFUNDS | |||||||
| Total funds brought forward | 602,679 | 927 | 4,907,667 | 5,511,273 | 5,128,278 | ||
| TOTAL FUNDS CARRIED | |||||||
| FORWARD | 716,215 | 931 | 4,82E591 | 5,538,737 | 5,511,273 |
| ~HI 'h |
||||||||
|---|---|---|---|---|---|---|---|---|
| A~t31~ y |
||||||||
| 2020 | 2019 | |||||||
| Unrestricted | Restricted | Endowment | Total funds | Total funds | ||||
| funds | fund | funds | ||||||
| Notes | E | E | ||||||
| FIXEDASSETS | ||||||||
| The Mappa Mundi | and Historic | |||||||
| Libraries at nominal | value | 10 | ||||||
| All Sain is Cl rained nominal value |
Libiaiyat | 11 | 1 | 1 | 1 | |||
| Investments | 12 | 398,846 | 4,821,589 | 5,220,435 | 5,306,863 | |||
| 398,846 | 4,821,591 | 5,220,437 | 5,306,865 | |||||
| CURRENT ASSETS | ||||||||
| Debtors | 13 | 6,261 | 6,261 | 18,247 | ||||
| Cash at bank and in | hand | ~368201 | 931 | 369,132 | 189,721 | |||
| 374,462 | 931 | 375,393 | 207,968 | |||||
| CREDITORS | ||||||||
| Amounts falling due |
within one | |||||||
| year | (57,093) | (57,093) | (3,560) | |||||
| NET CURRENT ASSETS | 317,369 | 931 | 318,300 | 204,408 | ||||
| TDTALASSETSLESSCURRENT | ||||||||
| LIABILITIES | 716,215 | 931 | 4,821,591 | 5,538,737 | 5,511,273 | |||
| NETASSETS | 716,215 | 931 | 4,821,591 | 5,538,737 | 5,511,273 | |||
| FUNDS | 15 | |||||||
| Unrestricted funds |
716,215 | 602,679 | ||||||
| Restricted funds | 931 | 927 | ||||||
| Endowment funds |
4,82L591 | 4,907,667 | ||||||
| TOTALFUNDS | 5,538,737 | 5,511,273 |
| 2020 | 2019 f |
||
|---|---|---|---|
| Deposit account interest | 304 | 534 | |
| Dividends and interest on investments |
111,206 | 172,800 | |
| 111,510 | 173,334 | ||
| Deposit Account Interest &Interest on Investments | |||
| 2020f | 2019 f |
||
| Unrestricted funds: |
|||
| Central Board ofFinance ofthe Church ofEngland | 300 | 527 | |
| 300 | 527 | ||
| Restricted fund: | |||
| Central Board ofFinance ofthe Church ofEngland | |||
| Endowment fund: |
|||
| Schroders | |||
| 304 | 534 | ||
| INCOME FROM CHARITABLE ACTIVITIES | |||
| 2020 | 2019 | ||
| Activity | |||
| Use ofartefacts | Artefacts | 6,261 | 18,247 |
| Folio Society Royalties | Folio Society Royalties | ||
| 6,311 | 18,247 |
| 4. | CHARITABLE ACT | I | VITIES COSTS | ||||
|---|---|---|---|---|---|---|---|
| Grant funding | |||||||
| Direct costs | ofactivities | Total | |||||
| (Seenote 5) F |
2020f | ||||||
| Artefacts | 8,988 | 8,988 | |||||
| Donations | 92,553 | 92,553 | |||||
| 8,988 | 92,533 | 101,541 | |||||
| Grant funding | |||||||
| Prior year comparative | Direct costs | ofactivities | Total | ||||
| 2019 | |||||||
| f | (Seenote 5) E |
||||||
| Artefacts | 8,988 | 8,988 | |||||
| Donations | 160,252 | 160,252 | |||||
| 8,988 | 160,252 | 169,240 | |||||
| 5. | GRANTS PAYABLE | ||||||
| 2020 | 2019 | ||||||
| Donations | 92,553 | 160,252 | |||||
| The total grants paid | to institutions | during the year were asfollows: | |||||
| 2020 f |
2019 f |
||||||
| Chapter - Library salaries | 39,435 | 37,360 | |||||
| Chapter —Cathedral | Fire System | 9,155 | |||||
| Chapter- Temporary | Exhibitions | 2,000 | 500 | ||||
| Chapter —Humidity | Control | 17,837 | 15,000 | ||||
| Chapter —Catalogue Software Chapter —Conservation 6Bookrepairs |
5,350 3,422 |
||||||
| Chapter —Royalties | 24,509 | 38,237 | |||||
| Chapter- Property | Repairs | 60,000 | |||||
| 92,553 | 160,252 | ||||||
| 6. | SUPPORT COSTS | ||||||
| 2020 f |
2019 f |
||||||
| Governance costs | 2,815 | 6,618 |
| NET MOV | EMENT ON IN | VESTMENTS | ||
|---|---|---|---|---|
| 2020 f |
2019 | |||
| Net gains | on investments | 49,714 | 404,485 | |
| Investment | management | costs | (35,715) | (37,213) |
| 13,999 | 367,272 |
| COMPARATIVE | S FORTHESTA | TEMENT O | FFINANCIAL ACTIVI | TIES2019 | ||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total funds | |||
| funds | fund | funds | ||||
| Notes | ||||||
| INCOME AND | ENDOWMENTS | |||||
| FROM | ||||||
| Charitable activities | 3 | |||||
| Artefacts | 18,247 | 18,247 | ||||
| FolioSociety Royalties | ||||||
| Donations | ||||||
| Investment income |
6,643 | 7 | 166,684 | 173,334 | ||
| Total | 24,890 | 7 | 166,684 | 191,581 | ||
| EXPENDITURE | ON | |||||
| Raising Funds | ||||||
| 1,448 | 35,765 | 37,213 | ||||
| Charitable activities | ||||||
| Donations | 160,252 | 160,252 | ||||
| Other direct charitable costs | 8,957 | 31 | 8,988 | |||
| Support costs | 6,618 | 6,618 | ||||
| Total | 177,275 | 31 | 35,765 | 213,071 | ||
| Net movement | on investments | 7 | 30,742 | 373,743 | 404,485 | |
| NET EXPENDITURE | (121,643) | (24) | 504,662 | 382,995 | ||
| Transfers between funds | 15 | 196,460 | (196,460) | |||
| Net movement | in funds | 74,817 | (24) | 308,202 | 382,995 | |
| RECONCILIATION OFFUNDS | ||||||
| Totalfunds broughtforward |
527,862 | 951 | 4,599,465 | 5,128,278 | ||
| TOTAL FUNDS | CARRIED FORWARD | 602,679 | 927 | 4,907,667 | 5,511,273 |
| 11. | ALLSAINTS CHAINED LIBRARYAT |
|---|---|
| NOMINAL VALUE |
| Cash and | ||||
|---|---|---|---|---|
| Listed | settlements | |||
| investmentsf | pending f |
Totals f |
||
| MARKET VALUE | ||||
| At 1January 2020 | 5,072,679 | 234,184 | 5,306,863 | |
| Additions | 1,857,710 | 1,857,710 | ||
| Disposals | (1,816,137) | (1,816,137) | ||
| Revaluations | 49,714 | 49,714 | ||
| Movement | on cash | (177,715) | (177,715) | |
| At 31December 2020 | ~5163,966 | 56,469 | ~5,220435 |
| Structure ofthe Imrffolio | |||||
|---|---|---|---|---|---|
| Marketvalue | |||||
| 2020 | 2019 | ||||
| E | E | ||||
| Fixed interest securities | 91,196 | ||||
| Othersecurities | 5,072,770 | 5,072,679 | |||
| 5,163,966 | 5,072,679 | ||||
| 13. | DEBTORS:AMOUNTS FALLING DUEWITHIN ONE YEAR | ||||
| 2020 | 2019 | ||||
| E | E | ||||
| Other debtors | 6,261 | 18,247 | |||
| 1cL | CREDITORS:AMOUNTS | FALLING DUEWITHINONE | YEAR | ||
| 2020 | 2019 | ||||
| E | E | ||||
| Accruals and deferred income | 57,093 | 3,560 |
| Net movement | Transfers | |||||||
|---|---|---|---|---|---|---|---|---|
| At01.01.20 | in funds | between funds | At31.12.20 | |||||
| f | E | E | E | |||||
| Unrestricted | funds | |||||||
| General fund | 369,067 | (96,002) | 203,632 | 476,697 | ||||
| Designated | - | Inveslmenl | "Free | Furs)" | 216,442 | 5,906 | 222,348 | |
| Designated | Fund —Archaeology | 17,170 | 17,170 | |||||
| 602,679 | (90,096) | 203,632 | 716,215 | |||||
| Restricted funds | ||||||||
| Library Fund | 927 | 931 | ||||||
| Endowment | funds | |||||||
| The National | Heritage Memorial |
Fund | 4,907,667 | 117,556 | (203,632) | 4,821,591 | ||
| Investments | ||||||||
| TOTALFUNDS | 5,511,273 | 27,464 | 5,538,737 | |||||
| Net movement | In funds, | Included | in the above are as follows: | |||||
| Income | Expenditure | Gains and | Movement in |
|||||
| lossesf | funds E |
|||||||
| Unrestricted | funds | |||||||
| General fund | 6,611 | (104,356) | 1,743 | (96,002) | ||||
| Designated - Investment | "FreeFund" | 4,177 | (1,397) | 3,126 | 5,906 | |||
| Designated | Fund —Archaeology | |||||||
| 10,788 | (105,753) | 4,869 | (90,096) | |||||
| Restricted funds | ||||||||
| Library Fund | ||||||||
| Endowment | funds | |||||||
| The National | Heritage Memorial | Fund | 107,029 | (34,318) | 44,845 | 117,556 | ||
| Investments | ||||||||
| TOTALFUNDS | 117,821 | (140,071) | 49,714 | 27,464 |
| Net movement | Transfers | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Ai01.01.19 | in funds | between funds | At31.12.19 | ||||||
| E | E | E | |||||||
| Unrestricted | funds | ||||||||
| General fund | 312,394 | (139,787) | 196,460 | 369,067 | |||||
| Designated | -Investment | "Free | Fund" | 195,367 | 21,075 | 216,442 | |||
| Designated | Fund —Archaeology | 20,101 | (2,931) | 17,170 | |||||
| 527,862 | (121,643) | 196,460 | 602,679 | ||||||
| Restricted funds | |||||||||
| Library Fund | 951 | (24) | 927 | ||||||
| Endowment | funds | ||||||||
| The National | Heritage | Memorial | Fund Investments | 4,599,465 | 504,662 | (196,460) | 4,907,667 | ||
| TOTALFUNDS | 5,128,278 | 382,995 | 5,511,273 | ||||||
| Net movement in funds, |
included | in the above are asfollows: | |||||||
| Income | Expenditure | Gains and | Movement in |
||||||
| losses | funds | ||||||||
| E | |||||||||
| Unrestricted | funds | ||||||||
| General fund | 18,774 | (172,896) | 14,335 | (139,787) | |||||
| Designated | - Investment | "Free Fund" | 6,116 | (1,448) | 16,407 | 21,075 | |||
| Designated | Fund-Archaeology | (2,931) | (2,931) | ||||||
| 24,890 | (177,275) | 30,742 | (121,643) | ||||||
| Restricted funds | |||||||||
| I ibrary Fund | (31) | (24) | |||||||
| Endowment | funds | ||||||||
| The National | Heritage Memorial | Fund | 166,684 | (35,765) | 373,743 | 504,662 | |||
| Investments | |||||||||
| TOTALFUNDS | 191,581 | (213,071) | 404,485 | 382,995 |