|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|3|
|Independent
Examiner's Report||||
|Statement ofFinancial Activities||||
|Balance Sheet||||
|Notes to the Financial Statements|7|to|12|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|FORTHE YEAR ENDED 31ST|DECEMB|ER2021|||||
|---|---|---|---|---|---|---|
||||||2021|2020|
||||Unrestricted|Restricted|Total|Total|
||||fund|fund|funds|funds|
|||Notes|||||
|INCOME AND ENDOWMENTS|FROM||||||
|Donations
and legacies|||44,442|772|45414|7,680|
|Investment
income|||70,657||70,657|81,186|
|Total|||115,099|772|115,871|88,866|
|EXPENDITURE ON|||||||
|Letting ofproperties||4|34,247||34,247|23,971|
|Charitable
activities|||||||
|Donations|||190,000|15,665|205,665|16,520|
|Subsistence
grants for priests|||37,500||37,500|34,000|
|Premises
and support costs|||13,651||13,651|9,115|
|Administration
costs|||33,572||33,572|14,836|
|Total|||308,970|15,665|324,635|98,442|
|NET INCOME/(EXPENDITURE)|||(193,871)|(14,893)|(208,764)|(9,576)|
|Other recognised
gains/(losses)|||||||
|Gains on revaluation offixed assets||||||1,298,818|
|Net movement
in funds|||(193,871)|(14,893)|(208,764)|1,289,242|
|RECONCILIATION
OF FUNDS|||||||
|Total funds brought
forrvard|||4)170,058|14,893|4,184,951|2,895,709|
|TOTAL FUNDS CARRIED FORWARD|||3,976,187||3,976,187|4,184,951|
##
|BALANCE SHEET
31STDECEMBER 2021||||||
|---|---|---|---|---|---|
|||||2021|2020|
|||Unrestricted|Restricted|Total|Total|
|||fund|fund|funds|funds|
||Notes|||||
|FIXEDASSETS||||||
|Tangible assets||3,430,062||3,430,062|3,690,168|
|CURRENT ASSETS||||||
|Debtors||820,469||820,469|35,922|
|Cash at bank|||||734,277|
|||820,469||820,469|770,199|
|CREDITORS||||||
|Amounts
falling due within one year|9|(274,344)||(274,344)|(275,416)|
|NKT CURRENT ASSETS||546,125||546,125|494,783|
|TOTAL ASSETSLESSCURRENT||||||
|LIABILITIES||3,976,187||3,976,187|4,184,951|
|NET ASSETS||3,976,187||3,976,187|4,184,951|
|FUNDS|10|||||
|Unrestricted
funds||||3,976,187|4,170,058|
|Restricted
funds|||||14,893|
|TOTALFUNDS||||3,976,187|4,184,951|
##
##
##
##
##
##
##
##
##
##
##
##
##
|2.|DONATIONS
AND LEGACIES|||
|---|---|---|---|
|||2021|2020|
||Donations|45,214|7,680|
|3.|INVESTMKNT INCOME|||
|||2021|2020|
||Rents received|69,253|75,667|
||Deposit account interest|1,404|5,519|
|||70,657|81,186|
||LETTING OFPROPERTIES|||
||Property costs|2021|2020|
||Light and heat|1,721|1,178|
||Rates and water|2,481|2,083|
||Repairs and maintenance|22,864|13,391|
||Ground rent and service charges|2,666|2,339|
||Management
fees|4,515|4,980|
|||34,247|23,971|
##
##
##
|
HE YEAR ENDED|
31STDECEMBER 2021|
31STDECEMBER 2021|||
|---|---|---|---|---|
|COMPARATIVES|FORTHE STATEMENT OF FINANCIAL ACTIVITIES||||
|||Unrestricted|Restricted|Total|
|||fund|fund|funds|
|||||E|
|INCOME AND ENDOWMENTS FROM|||||
|Donations
and legacies||501|7,179|7,680|
|Investment
income||81,186||81,]86|
|Total||81,687|7,179|88,866|
|EXPENDITURE ON|||||
|Letting ofproperties||23,971||23,971|
|Charitable
activities|||||
|Donations||13,500|3,020|16,520|
|Subsistence grants for priests||34,000||34,000|
|Premises and support|costs|9,115||9,115|
|Administration
costs||14,836||14,836|
|Total||95,422|3,020|98,442|
|NET INCOME/(EXPENDITURE)||(13,735)|4,159|(9,576)|
|Other recognised
gains/(losses)|||||
|Gains on revaluation|offixed assets|1,298,818||1,298,818|
|Net movement
in funds||1,285,083|4,159|1,289,242|
|RECONCILIATION|OF FUNDS||||
|Total funds brought|forward|2,884,975|10,734|2,895,709|
|TOTAL FUNDS CARRIED FORWARD||4,170,058|14,893|4,184,951|
##
##
##
|TANGIBLE FIXEDA|S|SE|TS|||||
|---|---|---|---|---|---|---|---|
|||||||Fixtures,||
|||||||fittings||
|||||Freehold|Other|and||
|||||investment|freehold|computer||
|||||property|properly|equipment|Totals|
|COST||||||||
|At 1stJanuary 2021||||2,935,000|755,000|74,597|3,764,597|
|Disposals||||(260,000)|||(260,000)|
|At 31stDecember 2021||||2,675,000|755,000|74,597|3,504,597|
|DEPRECIATION||||||||
|At 1stJanuary 2021||||||74,429|74,429|
|Charge for year||||||106|106|
|At 31stDecember 2021||||||74,535|74,535|
|NET BOOK VALUE||||||||
|At 31stDecember 2021||||2,675,000|755,000|62|3,430,062|
|At 31stDecember 2020||||2,935,000|755,000|168|3,690,168|
|Freehold investment
property|||includes the following:|||||
||||||||At valuation|
|Farmland
East Lodge, Princethorpe
The Retreat Centre, Princethorpe
Gardener's
Cottage, Princethorpe||||||*1
*2
*2
*2|1,200,000
425,000
725,000
325,000|
||||||||62,675,000|
|Other freehold property|includes|||the following:||||
||||||||At valuation|
||||||||5|
|2Vita House, Charrington
Place, StAlbans
The Presbytery,
Beaconsfreld Road, StAlbans||||||*3
*4|350,000
405,000|
||||||||755,000|
|MSC CHARITY TRUST|MSC CHARITY TRUST|MSC CHARITY TRUST||||
|---|---|---|---|---|---|
|NOTES TO THK FINANCIAL STATEMENTS -continued||||||
|FOR|THE YEAR ENDED 31STDECEMBER 2021|||||
|8.|DEBTORS:AMOUNTS FALLING DUE WITHIN ONK YEAR|||||
|||||2021|2020|
||Other debtors|||814,132|29,122|
||Prepayments
and accrued income|||6@37|6,800|
|||||820,469|35,922|
|9.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||||
|||||2021|2020|
||||||6|
||Other creditors|||268,403|268,584|
||Accruals and deferred income|||5,941|6,832|
|||||274,344|275,416|
|10.|MOVEMENT IN FUNDS|||||
|||||Net||
|||||movement|At|
|||At|1.1.21|in funds|31.12.21|
||Unrestricted
funds|||||
||General fund|4,170,058||(193,871)|3,976,187|
||Restricted funds|||||
||MSC South Africa Fund|14,893||(14,893)||
||TOTAL FUNDS|4,184,951||(208,764)|3,976,187|
||Net movement
in funds, included|in the above are as follows:||||
|||Incoming||Resources|Movement|
|||resources||expended|in funds|
||||6|||
||Unrestricted
funds|||||
||General fund|115,099||(308,970)|(193,871)|
||Restricted funds|||||
||MSC South Africa Fund||772|(15,665)|(14,893)|
||TOTAL FUNDS|115,871||(324,635)|(208,764)|
##
##
##
|Comparatives
for movement
in funds||||
|---|---|---|---|
|||Net||
|||movement|At|
||At 1.1.20|in funds|31.12.20|
|Unrestricted
funds||||
|General fund|2,884,975|1,285,083|4,170,058|
|Restricted funds||||
|MSC South Africa Fund|10,734|4,159|14,893|
|TOTAL FUNDS|2,895,709|1,289,242|4,184,951|
|Comparative
net movement
in funds,
|included
in the above are a|s follows:|||
|---|---|---|---|---|
||Incoming|Resources|Gains and|Movement|
||resources|expended|losses|in funds|
||8|8|8||
|Unrestricted
funds|||||
|General fund|81,687|(95,422)|1,298,818|1,285,083|
|Restricted funds|||||
|MSC South Africa Fund|7,179|(3,020)||4,159|
|TOTAL FUNDS|88,866|(98,442)|1,298,818|1,289,242|
##