2021-12-31-accounts - Bristol Cathedral Trust

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		Note	Unrest-	Rest-	Endow-	Total	Total
			ricted	ricted	ment	Funds	Funds
			Funds	Funds	Funds	2021	2020
					6	6
Income and endowments	from:
Donations and legacies			21,426	9,287		30,713	15,756
Other tradmg activities
Investments		2	53,989			53,989	53,421
Total income			75,415	9,287		84,702	69,177
Expenditure on:
Raising Funds		3	(2,707)			(2,707)	(4,556)
Charitable activities		4	(12,189)	(25,200)		(37,389)	(69,907)
Total expenditure			(14,896)	(25,200)		(40,096)	(74,463)
Reahsed gains on investments
Net gains/ (losses) on investments			101,238	192,098		293,336	164,976
Net income I(expenditure)			161,757	176,185		337,942	159,690
Transfers between funds
Net movement in funds			161,757	176,185		337,942	159,690
Reconciliation offunds:
Funds brought forward			643,240	1,936,716		2,579,956	2,420,266
Funds carried forward			804,997	2,112,901		2,917,898	2,579,956

							Note	Total	Total
								2021	2020
INVESTMENT ASSETS
Property Investments								506,000 2,117,498	506,000 1,821,469
								2,623,498	2,327,469
CURRENT	ASSETS
Debtors								8,893	10,907
Cash at bank		and in hand						294,328	245,627
								303,221	256,534
CREDITORS:		Amounts	falling	due	within	one	8	(8,821)	(4,047)
year
NET CURRENT ASSETS								294,400	252,487
NET ASSETS								2,917,898	2,579,956
FUNDS
Permanent	Endowment		Fund
Unrestricted		Income Fund						804997	643 240
Restricted	Income Fund						10	2,112,901	1,936,716
								2,917,898	2,579,956
APP dr y		h B d	fT	*	~++/		'2O2.2.
and signed on		its behalf by:
Mr 5 Parsons							Mr M Lea
Chairman							Treasurer
Date:							Date:
		THE NOTES		ON	PAGES 17 TO 25 FORM PART OF THESE ACCOUNTS

						2021	2020
							6
Cash flows from operating	activities:
Net cash provided by / (used	in)	operating	activities			(2,596)	(65,917)
Cash flows from investing	activities:
Investment income received net		ofcosts				53,989	53,421
Proceeds from sale of investments
Purchase of investments						(2,692)	(2,624)
Net cash provided by / (used	in)	investing	activities			48,701	(15,120)
Reconciliation ofnet cash	flow to movement				in
Net cash funds
Change in cash and cash equivalents in reporting period						48,701	(15,120)
Cash and cash equivalents at	the	beginning	of	the reporting		245,627	260,747
period
Cash and cash equivalents at	the	end ofthe reporting			period	294,328	245,627
Recon«iliation ofnet movements in			funds to net cash
flow from operating activities
Net income / (expenditure) for the reporting				period		337,941	159,690
Dividends, interest and rents	from investments					(53,989)	(53,421)
(Profit) on sale of investments
Decrease in debtors						2,014	3,089
Increase in creditors						4,774	(10,299)
Unrealised (gains) on revaluation		of investments				(293,336)	(164,976)
Net cash provided by / (used	in)	operating	activities			(2,596)	(65,917)

. CHARITABLE AC	TIVIT	IES
				Endowment	Unrestricted	Restricted	Total	Total
				Expense	Funds E	Funds f	2021 E	2020
Grants to Brisrol Cathedral		for	the
following projects:
Educauon								7,350
Fabric						25,200	25,200	36,570
Office overheads								5,000
Temple Ecclesiastical Outreach	Charity		(fabric)					3,675
Governance Costs:
Accountancy Charges Professional Fees					9,836 2,007		9,836 2,007	8,640 8,327
Trustees' Indemnity	Insurance				346		346	345
					12,189	25,200	37,389	69,907

. INVESTMENT ASSETS
	2021	2020
	E	E
Property
	506,000	516,000
Market value at I January 2021 (Losses) on revaluation		(10,000)
Market value at 31 December 2021	506,000	506,000
Historical valueat31December2021	303,023	303,023

Investments		2021	2020
Market value at I )anuary 2021		1,821,469	1,643,869
Additions to investments at cost		2,692	2,624
(Disposals) of Investments
Gains on sale I revaluation		293,336	174,976
Market value ar. 31 December 2021		2,117,498	1,821,469
Historical value at 31 December 2021		870,667	867,975
Analysed as follows:		2021	2020
			6
CBF Investment Fund (Income shares)		682.601	597,173
CBF Fixed Interest Fund (Income shares)		891	929
CBF Property Fund (Income shares)		86,453	75,660
CBF Global Equity Fund (Income shares)		435,755	375,058
CBF Investment Fund (Accumulation	shares)	633,743	539,517
CBF Property Fund (Income shares)		63,569	53,168
CBF Global Equity Fund (Accumulation	shares)	214,486	179,964
Total		2,117,498	1,821,469

									2021	2020
Trade Creditors
Amounts owed	to connected			entities					5,051	528
Accruals									2,755	2,504
Other Creditors									1,015	1,015
									8,821	4,047
.FINANCIAL	INSTRUMENTS
									2021	2020
									E	E
Financial assets		that are measured				at fair	value
Investments									2,623,499	2,327,469
Financial assets		that are		measured		at amortised		«ost
Trade Debtors									650	650
Amounts owed by connected Cash at bank and in hand				parties					294,328	377 245,627
									294,977	246,654
Financial liabilities			measured		at amortised		cost
Trade creditors
Amounts owed	to connected			entities					5,051	528
Accru ala									2,755	2,504
Other Creditors									1,015	1,015
									8,821	4,047

I.ANALYSIS	OF NET ASSETS	BETWEEN FUN	DS
		Property	Investments	Net current assets	Total 2021	Total 2020
				(other)
Permanent Endowment
Funds
Choral Tradition	Endowment
Fabric 1000 Endowment
Restricted Funds
Fitzhardinge Hospitality Accessibility Organ gr Sound Historic Building Choral Tradition	Renovation	311,243	911,798 50,000 51,000 262,016	89,865 73,268 5,000	1,001,663 50,000 51,000 73,268 5,000 573,260	881,094 50,000 51,000 73,268 5,000 539,050
Fabric 1000		194,757	163,954		358,710	337,304
		506,000	1,438,768	168,133	2,112,901	1,936,716
Unrestricted	Funds		678,730	126,267	804,997	643,240
		506,000	2,117,498	294,400	2,917,898	2,579,956

		Unrest-	Rest-	Endow-	Total
		ricted	ricted	ment	Funds
		Funds	Funds	Funds	2020
		6		6	6
Income and endowments	from:
Donations and legacies		2,242	13,514		15,756
Other trading activities
Investments		53,421			53,421
Total income		55,663	13,514		69,177
Expenditure on:
Raising Funds		(4,556)			(4,556)
Charitable acrivities		(33,337)	(36,570)		(69,907)
Total expenditure		(37,893)	(36,570)		(74,463)
Reahsed gains on investments
Net gains/ (losses) on investments		60,033	80,495	24,448	164,976
Net income I(expenditure)		77,803	57,439	24,448	159,690
Transfers between funds			876,354	(876,354)
Net movement in funds		77,803	933,793	(851,906)	159,690
Reconciliation offunds:
Funds brought forward		565,437	1,002,923	851,906	2,420,266
Funds carried forward		643,240	1,936,716		2,579,956

4. 2020 RESTRICT	ED FUNDS
		Incoming	Resources		Gains /
	Balance b/f	resources	expended	Transfers	(losses)	Balance c/f
	E	E		E	E	E
Fitzhardinge Society Hospitality Accessibility	823,655 50,000 51,000	13,514	(36,570)		80,495	881,094 50,000 51,000
Organ 8Sound Renovation	73,268					73,268
Historic Building Choral Tradition	5,000			539,050		5,000 539,050
Fabric 1000				337,304		337,304
Total	1,002,923	13,514		876,354	80,495	1,936,716

5.2020 P	ERMANENT ENDOWMENT FUN	DS
		Choral	Fabric
		Tradition	1000	Total
		Endowment	Endowment	Endowment
			E
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