## ## |||Page| |---|---|---| |Legal and Administrative|Information|| |Trustees'
Annual
Report||2-9| |Independent
Auditor's|Report|10-13| |Statement of Financial|Activities|14| |Balance Sheet||15| |Cash Flow Statement||16| |Notes to the Financial|Statements|17-25| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||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| |---|---|---|---|---|---| |||||E|| |Trade Debtors||||650|650| |Amounts|owed by connected||parties||377| |Prepayments||&accrued income||8,243|9,880| |||||8,893|10,907| ## ||||||||||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||||