2020-12-31-accounts

			Page
Legal and Administrative	Information
Trustees' Annual Report		2-IO
Independent Auditor's	Report	I	I - l4
Statement of Financial	Activities		I5
Balance Sheet			l6
Cash Flow Statement			l7
Notes to the Financial	Statements	I	8-26

Education	67,350
Outreach	63,675
Ongoing fabric works	63I,200
Plaster Project	E5,370
Contribution to office overheads	65,000

		Note	Unrest-	Rest-	Endow-	Total	Total
			ricted	ricted	ment	Funds	Funds
			Funds	Funds	Funds	2020	2019
			E
Income and endowments	from:
Donations and legacies			2,242	13,514		15,756	74,327
Other trading activities
Investments			53,421			53,421	55,962
Total income			55,663	13,514		69,177	130,289
Expenditure on:
Raising Funds		3	(4,556)			(4,556)	(8,217)
Charitable activities		4	(33,337)	(36,570)		(69,907)	(210,031)
Total expenditure			(37,893)	(36,570)		(74,463)	(218,248)
Realised gains on investments							46,411
Net gains/ (losses) on investments			60,033	80,495	24,448	164,976	230,672
Net income / (expenditur	e)		77,803	57,439	24,448	159,690	189,124
Transfers between funds				876,354	(876,354)
Net movement in funds			77„803	933,793	(851,906)	159,690	189,124
Reconciliation offunds:
Funds brought forward			565,437	1,002,923	851,906	2,420,266	2,231,142
Funds carried forward			643,240	1,936,716		2,579,956	2,420,266

								Note	Total	Total
									2020	2019
INVESTMENT ASSETS
Property									506,000	516,000
Investments									1,821,469	1,643,869
									2,327,469	2,159,869
CURRENT	ASSETS
Debtors									10,907	13,996
Cash at bank			and	in	hand				245,627	260„747
									256,534	274,743
CREDITORS: year			Amounts			falling due within one		8	(4,047)	(14,346)
NET CURRENT ASSETS									252,487	260,397
NET ASSETS									2,579,956	2,420,266
FUNDS
Permanent	Endowment					Fund		10		851,906
Unrestricted			Income		Fund				643,240	565,437
Restricted Income				Fund					1,936,716	1,002,923
									2,579,956	2,420,266
Approved by	t		e Bo			of	rustees on 4'"October 2021
and signed on		i	b		If	by:
Mr S Parsons								Mrs C Lynn-Jones
Chairman								Treasurer
Date:								Date:
			THE NOTES ON PAGES 18TO 26 FORM PART OF THESE ACCOUNTS

						2020	2019
Cash flows from operating activities:
Net cash provided by / (used in)	operating	activities				(65,917)	(149,583)
Cash flows from investing activities:
Investment income received net	of costs					53,421	55,962
Proceeds from sale of investments							100,000
Purchase of investments						(2,624)	(2,849)
Net cash provided by / (used in)	investing	activities				(15,120)	153,113
Reconciliation ofnet cash flow to movement				in
Net cash funds
Change in cash and cash equivalents in reporting period						(15,120)	3,530
Cash and cash equivalents at the	beginning	of	the reporting			260,747	257,217
period
Cash and cash equivalents at the	end ofthe reporting				period	245,627	260,747
Reconciliation ofnet movements in funds to net cash
flow from operating activities
Net income / (expenditure) for the reporting			period			159,690	189,124
Dividends, interest and rents from investments						(53,421)	(55,962)
(Profit) on sale of investments							(46,411)
(Increase) in debtors						3,089	(5,093)
(Decrease) in creditors						(10,299)	(569)
Unrealised (gains) on revaluation	of investments					(I64,976)	(230,672)
Net cash provided by / (used in} operating		activities				(65,91?)	(149,583)

			Endowment		Unrestricted	Restricted	Total	Total
			Expense f		Funds	Funds	2020 f	20I9
Grants to Bristol Cathedral		for the
following projects:
Education					7,350		7,350	I4,550
Fabric						36,570	36,570	33,200
Office overheads					5,000		5,000	5,000
Temple Ecclesiastical	Charity (fabric)							40,000
Outreach					3,675		3,675
Miscellaneous (Archives)								5,400
Organ								I00,000
WW I Project
Governance Costs:
Accountancy Charges					8,640		8,640	6,130
Professional Fees Trustees' Indemnity	Insurance				8,327 345		8,327 345	5,406 345
					33,337	36,570	69,907	2I0,03 I

. INVESTMEN	T ASSETS
		2020	20I9
		f
Property
Market value at	I January 2020	5 I6,000	518,000
(Losses) on revaluation		( I0,000)	(2,000)
Market value at	3 I December 2020	506,000	516,000
Historical value	at 3 I December 2020	303,023	303,023

Investments		2020	2019
Market value at I January 2020		1,643,869	1,461,937
Additions to investments at cost		2,624	2,849
(Disposals) of Investments			(100,000)
Gains on sale / revaluation		174,976	279,083
Market value at 31 December 2020		1,821,469	1,643,869
Historical value at 31 December 2020		916,091	916,091
Analysed as follows:		2020	2019
		f
CBF Investment Fund (Income shares)		597,173	558,749
CBF Fixed Interest Fund (Income shares)		929	869
CBF Property Fund (Income shares)		75,660	79,619
CBF Global Equity Fund (Income shares)		375,058	315,074
CBF Investment Fund (Accumulation	shares)	539,517	489,575
CBF Property Fund (Income shares)		53,168	53,306
CBF Global Equity Fund (Accumulation	shares)	179,964	146,677
Total		1,821,469	1,643,869

				2020	2019
				E
Trade Debtors				650	1,650
Amounts	owed by connected		parties	377	377
Prepayments		&accrued income		9,880	11,969
				10,907	13,996

								2020	2019
Trade Creditors									9,837
Amounts owed	to connected		entities					528	429
Accruals								2,504	3,065
Other Creditors								1,015	1,015
								4,047	14,346
.FINANCIAL	INSTRUMENTS
								2020	2019
Financial assets that are measured					at fair	value
Investments								2,327,469	2,159,868
Financial assets that are measured					at amortised		cost
Trade Debtors								650	1,650
Amounts owed	by connected		parties					377	377
Cash at bank and in		hand						245,627	260,747
								246,654	262,774
Financial liabilities		measured		at amortised		cost
Trade creditors									9,837
Amounts owed	to connected		entities					528	429
Accruals								2,504	3,065
Other Creditors								1,015	1,015
								4,047	14,346

		Choral	Fabric
		Tradition	1000	Total
		Endowment	Endowment	Endowment
Balance at	I January 2020	524,012	327,894	851,906
Unrealised	gains on revaluation	15,038	9,410	24,448
Transfer to Restricted Funds		(539,050)	(337,304)	(876,354)
Balance at	31 December 2020

			Incoming	Resources		Gains	/
		Balance b/f	resources	expended	Transfers	(losses)		Balance c/f
		E.			E.
Fitzhardinge	Society	823,655	13„514	(36,570)		80,495		881,094
Hospitality		50,000						50,000
Accessibility		51,000						51,000
Organ &Sound Renovation		73,268						73,268
Historic Building		5,000						5,000
Choral Tradition					539,050			539,050
Fabric 1000					337,304			337,304
Total		1,002,923	13,514		876,354	80,495		1,936,716

		Unrest-	Rest-	Endow-	Total
		ricted	ricted	ment	Funds
		Funds	Funds	Funds	2019
		f		f
Income and endowments	from:
Donations and legacies		7,041	67,286		74,327
Other trading activities
Investments		55,962			55,962
Total income		63,003	67,286		130,289
Expenditure on:
Raising Funds		(8,217)			(8,217)
Charitable activities		(70,031)	(40,000)	(100,000)	(210,031)
Total expenditure		(78,248)	(40,000)	(100,000)	(218,248)
Realised gains on investments				46,411	46,411
Net gains/ (losses) on investments		93,476	119,708	17,488	230,672
Net income / (expenditure)		78,231	146,994	(36,101)	189,124
Transfers between funds
Net movement in funds		78,231	146,994	(36,101)	189,124
Reconciliation offunds:
Funds brought forward		487,206	855,929	888,007	2,231,142
Funds carried forward		565,437	1,002,923	851,906	2,420,266

			Incoming	Resources		Gains	/
		Balance b/f	resources	expended	Transfers	(losses)		Balance c/f f
Fitzhardinge	Society	677,761	26,186			119,708		823,655
Hospitality		50,000						50,000
Accessibility		51,000						51,000
Temple Ecclesiastical			40,000	(40,000)
Organ &Sound Renovation		72,168	1,100					73,268
Historic Building		5,000						5,000
Total		855,929	67,286	(40,000)		119,708		1,002,923

		Choral	Fabric
		Tradition	IOOO	Total
		Endowment	Endowment	Endowment
				f
Balance at	I January 2019	582,124	305,883	888,007
Realised gains on Disposals		30,424	15,987	46,411
Unrealised	gains on revaluation	11,464	6,024	17,488
Expenditure		(100,000)		(100,000)
Balance at	31 December 2019	524,012	327,894	851,906