| Page | ||
|---|---|---|
| Annual Report | ||
| Income &Expenditure | ~unt | |
| Income &Expenditure | account (Application ofIncome | |
| in Augmentation ofKing's Ecclesiastical Charity) |
||
| Statement ofAssets & | Liabilities | |
| Property Maintenance | Reserve account | |
| Service Charge account | ||
| Report ofthe Independent Examiner |
| At the end ofthe year the Board ofT | rustees wer | e as follows: |
|---|---|---|
| Reverend Noelle Taylor (Chairman) | Retired | 8~ March 2022 Ex-officio |
| Mr Paul Taylor | Resigned | 8~ March 2022 Ex-officio |
| Vacancy | Ex-of6cio | |
| Mrs M Evans | Nominative | |
| Vacancy | Nominative | |
| Mrs D Stratton | Co-optative | |
| Mrs A Sydenham | Co-optative | |
| Mr PRichardson | Co-optative | |
| Mr M Pattie (Acting Chairman) | Appointed | 8~March 2022 Co-optative |
| Mr P Cranwell | Co-optative |
| Inco | me & E nditure Account |
me & E nditure Account |
me & E nditure Account |
me & E nditure Account |
|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| For | the Year Ended 31stDecember 2021 | ||||||||||
| 2021 | 2021 | 2020 | 2020 | ||||||||
| Income | |||||||||||
| Income from property: | |||||||||||
| Rental income including | insurances | 47,867.20 | 37,680.98 | ||||||||
| Service charge income | 27065.73 | 4002.76 | |||||||||
| 49,932.93 | 41,763.74 | ||||||||||
| Investment income: |
|||||||||||
| COIF fixed interest stock | 3/05. | 66 | 3,729.20 | ||||||||
| COIF investment stock |
5,S04.S6 | 5,691.79 | |||||||||
| COIF deposit account | 5.89 | 130.04 | |||||||||
| Bank interest | 21.98 | 280.31 | |||||||||
| 9,038.39 | 9,831,34 | ||||||||||
| Total | income: | 58,97132 | 51+95.08 | ||||||||
| ~KX | diture | ||||||||||
| Charitable expenditure: |
|||||||||||
| Educational grants to mdividuals |
28,200.00 | 29,250.00 | |||||||||
| Other grants | 5,056.00 | 61.60 | |||||||||
| 33,256.00 | 29,311.60 | ||||||||||
| &operty expenditure: | |||||||||||
| Quinquennial external r~bishment |
oftrust | properties | |||||||||
| Less: transfer f'rom properly refurbishment | reserve | ||||||||||
| Service Charge repairs, maintenance | &other | costs | 2,279.67 | 5,5I6.24 | |||||||
| Other void property costs | 440.68 | ||||||||||
| Insurances | 3,661.96 | 1,149.40 | |||||||||
| Letting agent's fees | 1,260.00 | 1,260.00 | |||||||||
| Legal &professional fees |
4736.00 | 900.00 | |||||||||
| 11,937.63 | 9,266.32 | ||||||||||
| Other expenditure: | |||||||||||
| Trustees' indemnity insurance |
376.09 | 376.09 | |||||||||
| Trust administration | 4,000.00 | 4,000.00 | |||||||||
| Postage, stationery and sundries |
70.20 | ||||||||||
| 4,376.09 | 4,446.29 | ||||||||||
| Bibles &Sextons charity: | |||||||||||
| I/20th ofsurplus from previous | year | ||||||||||
| transferred to King's Ecclesiastical |
Charity | 1,644.12 | 2,559.57 | ||||||||
| Transfer to property maintenance |
reserve | 5,000.00 | 5,000.00 | ||||||||
| Total | expenditure: | 56/13.S4 | 50/83.78 | ||||||||
| Excess ofincome over ex nditure |
0 | 2,75'/. 40 | 0 | 1,011.30 |
| Forthe | Forthe | Year Ended 31stDecember 2021 | Year Ended 31stDecember 2021 | Year Ended 31stDecember 2021 | Year Ended 31stDecember 2021 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 2021 | 2020 | 2020 | ||||||||||
| g | f, | ||||||||||||
| Income | |||||||||||||
| Income from property: | |||||||||||||
| Rental income including | instmulces | 47,867.20 | 371680.98 | ||||||||||
| Service charge income | 2,065.73 | 4,082.76 | |||||||||||
| 49,932.93 | 41,763.74 | ||||||||||||
| Investment income: |
|||||||||||||
| COIFlixed interest | stock | 3,205.66 | 3,729.20 | ||||||||||
| COIF investment stock |
5,804.86 | 5,691.79 | |||||||||||
| COIF deposit account | 5.89 | 130.04 | |||||||||||
| Bank interest | 21.98 | 280.31 | |||||||||||
| 9,038.39 | 9,831.34 | ||||||||||||
| Total income: | 58,97192 | 51@95.08 | |||||||||||
| E~Xndlt844 | |||||||||||||
| Property expenditure: | |||||||||||||
| Quinquennial external refurbishment |
oftrust | properties | |||||||||||
| Less: transfer Imm property | refurbishment | reserve | |||||||||||
| Service Charge repairs, | maintenance | &other | costs | 2,279.67 | 5,516.24 | ||||||||
| Other void property | costs | 440.68 | |||||||||||
| Insurances | 3,661.96 | 1,149.40 | |||||||||||
| Letting agent's fees | 1,260.00 | 1,260.00 | |||||||||||
| Legal &professional fees |
4,736.00 | 900.00 | |||||||||||
| 11,937.63 | 9,266.32 | ||||||||||||
| Other expenditure: | |||||||||||||
| Trustees' itldemnity |
insumnce | 376.09 | 376.09 | ||||||||||
| Trust still ustfatlon | 4,000.00 | 4,000.00 | |||||||||||
| Postage, stationery | and | sundries | 70.20 | ||||||||||
| 4,376.09 | 4,446.29 | ||||||||||||
| Transfer to property maintenance |
reserve | 5,000.00 | 5,000.00 | ||||||||||
| Total expenditure: | 21831372 | 18&712.61 | |||||||||||
| Excess | ofincome over man | ement ex | nditure: | 37,657.60 | 32,882.47 | ||||||||
| Bibl | and Sexton Chari | 'shiesiastical | Chari | -Clause 25 | |||||||||
| Amount | due to StMartin's &StPeter's Paroclual Church Council in 2022 | ||||||||||||
| for the year ended 31stDecember 2021(31stDecember 2020) | |||||||||||||
| One | twentieth off437,657.60 |
I(X32,882.47) | 1,882.88 4 | 1,444.12 |
| Jose hKin | Trust | |||||||
|---|---|---|---|---|---|---|---|---|
| Page 8 | ||||||||
| Service Char eAcco nt forthe ear ended 31stDecember 2021 |
||||||||
| Income | Received in year. | |||||||
| 191/191aHigh Street, Ongar | Vnid | |||||||
| 193High Street, Ongar (domestic dwelling | fundixl by | Joseph | King Trust)* | 575.00 | ||||
| 195High Street, Ongar | Outstanding | |||||||
| 199-201High Street, Ongar | Tenanted | during 2021 | 463.73 | |||||
| 203 High Street, Ongar | 852.00 | |||||||
| 205High Street, Ongar | 750.00 | |||||||
| 2,640.73 | ||||||||
| ~EtEI | ||||||||
| R airs &Mainten ce |
call athdbutable |
|||||||
| 20.10.21 | 199-201High Street, Ongar | JGElectrical ForceI.td | 1620.00 | |||||
| 20.10.21 | 195High Street, Ongar | Aspects ofGlass &Mirror | 108.00 | |||||
| 1,728.00 | ||||||||
| E nditure not ecificall |
attributable to |
individual | ro | es | ||||
| 31.12.21 | Transfer toproperty raeme | —towards next | redecoration | 5,000.00 | ||||
| 5,000.00 | ||||||||
| Net deficit borne b the Trust |
4,007.77 | |||||||
| *this amount isnot included in the Income &Expenditure | account as the costisborne internally |
| CHANCY mjIIIQ5QON Independent examiner's report on the f'OR ENGLAND AND INA,L6 accounts |
CHANCY mjIIIQ5QON Independent examiner's report on the f'OR ENGLAND AND INA,L6 accounts |
CHANCY mjIIIQ5QON Independent examiner's report on the f'OR ENGLAND AND INA,L6 accounts |
|
|---|---|---|---|
| Report tothe trustees/ | |||
| members of | King's Educational Foundation |
||
| On accounts for the year ended |
31"December 2021 Charity no 810177 (ifany} |
||
| Setout on pages | 2to$ | ||
| I report tothe trustees on my examination ofthe accounts ofthe above charity ("the Trust")forthe year ended 31/12/2021 |
|||
| Responsibilities basis ofreport |
and | As The charity's trustees, you are responsible forthe preparation ofthe accounts in accordance with the requirements ofthe Charities Act 2011 ("the Act'}. |
|
| I report in respect ofmy examination of the Trust's accounts carried oui |
|||
| under section 146ofthe 2011Act and in carrying out my examination, I have followed ail the applicable Directions given by the Charity Commission under section 145(5)(b)ofthe Act. |
|||
| independent examiner's statement |
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *)which gives me cause to believe that in, any material |
||
| respect: | |||
| the accounting records were not kept in accordance with section 130 ofthe Charities Act; or |
|||
| the accounts did not accord with the accounting records; or |
|||
| o the accounts did not comply with the applicable requirements |
|||
| concerning the form and content ofaccounts set out in the Charities |
|||
| (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter |
|||
| considered as part ofan independent examination. |
|||
| I have no concerns and have come across no other matters in connection |
|||
| with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. |
|||
| *Please de/ate the words in the brackets ifthey do not apply. | |||
| Slgnecl: | Date: 08/08/2022 |
||
| Name: | ANDREW BOWTLE, MAAT, AATQB | ||
| Relevant professional qualification(s} or body |
MEMBER OFTHE ASSOCIATION OFACCOUNTING TECHNICIANS AND I.ICENSED TO CARRY OUT INDEPENDENT EXAMINATIONS UNDER |
||
| (ifany): | LICENCE No. 3250 | ||
| UNIT 27, ONGAR BUSINESS CENTRE, THE SABLES, FYFIELD ROAD, | |||
| ONGAR, CM5 OGA |