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