THE THISTLETHWAYTE SOUTHWICK AND BOARHUNT CHURCH AND COMMUNITYTRUST ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021 Charity No. 900295 Secure House, Lulworth Close, Chandlers Ford, Hampshire. S053 3TL, 023 8024 7070
THE THISTLETHWAYTE SOUTHWICK AND 8OARHUNT CHURCH ANO COMMUNITY TRUST Independent examiners. report to the Tru$tees I report on Ihe arcount5 of the Trust for the year ended 31st March 2021, whi¢h are set Dul on page5 3107 RÈ$pon$lbllltles and basis of report As the charity's Iruslee5 YOU are responsible lor the preparation Df the accounts in a¢cordanTr with the requiiemen15 of the Charities Act 2011 I'ihe Arl'l. I report In respect DI my examination ol the charty's accounts rarried out undei se¢bon 145 of thÈ A and in carrying out rny exarninalion I have Followed all the applicable Dire¢liDns given by the Chanty Commission under section 1451Sllbl of the Act. Independeni e¥aminer's statement I have totnpleted my examination. I confirm th81 tnatenal tnatter5 have come to my attenliDn in connection with the e%amirtaiion giving me c8US& te believe Ihai in any rnaterial respect. a¢counting recoros were not kept In respÈcl of the chanty a5 required by sethon 130 of the ACL or Ihe accounts do not accord with those record5 the accounts do not comply with Ihe applicablE requirements conceming the fomi and content of accounts set out In the Charities (Accounts and Rewjrtsl Regulatsons 2008 other than any requirement that the accounts give 8 'liue and lair view. which Is not a matter cons1dpred as part of an Independent examinabon. I have no eoncerns and havE corne across no other matters In Connection wilh the examination tD which attention should be drawn ln this POrt In order to enab18 a proper undÈrslsnding of thè account5 to be r&ached. Adam Wilson FCA Azeis Secure House Lvlwofth C105e Chandlers Ford Hampshire S053 3TL Dale 16.09.21 Page 1
THE THISTLETHWAYTE SOUTHWICK AND BOARHUNT CHURCH AND COMMUNITY TRUST Charity No. 90029S Annual Report for the year ended 31st March 2021 M Bazeley Esq. M E Thisiielhwayte Esq. The primary ¢biective of the Irusl is In accord wlh the original Oeed ol Trust, and remains the financial suppori of the churches in the Parishes of Southwick an Boarhunt. Fundin The COntI1ecl balance available to the Trustees al 3 1st March 2020 was £1,331,702 To this can now be 5ubtr8cted the expenditure In exces5 of income for the year to 31st March 2021 amounting lo É36,320 After adding the capital 9ain for the year the total fund available to carry foN4ard to 2021122 amounts to £1.594.009. The Irustees have given due regard to public benefit when planning the Chanty's activrties in accordan¢e with the Charity Comrni5sion's General Guidance gn Public Benefit. Chan of trust•os New trustees may be appointed at any time by thè continuing or ielinng Trustees or by a resolulion of a Tlle2ling of the Trustees provided that a memorandum theieol shall be signed and sealed by Ihe person presiding at Such meeting and attested by two other persons present at the meeting. If the total number of Trustees following such appointment shall exceed three then such appointment shall requi the written consent of the Founder. The power of appointing a new trustee In the pl8ce of the settlor is also vested In the Founder. Financial results for the Year Expenditure and grant5 from the chanty are comparable lo prior years with the exception of the direct charitable expenditure. This increased due to repairs carried during the year. The Trustees coritinue their policy to build up as great 3 Cash balance as possible so as 10 be able to contribute substantially to repair5 and lo fund Ihe Chaplain's Stipend and other Church costs The policy was reconfirmed by the Trustee5 on when the accounts were approved. E Thistlethwayte Page 2
THE THISTLETHWAYTE SOUTHWICK AND BOARHUNT CHURCH AND COMMUNITY TRUST Stalement of Financial Activilies for the Year to 31$t March 2021 Total fund$ 2021 Total fund5 2020 Unrestricted Funds Unrestricted Fund$ Intome and Expendlture Note Donat10n frorn SoulhwitklEoarhunl CC 8ank inleresl Intome frotn investments 3,128 3,128 6.445 47,940 47,940 54.336 54.336 Total Incomlng Resource5 51,068 51,068 60,781 60,781 Resources Expended Direct charitable expenditure Other expenditure Investtnenl management fee5 78,874 912 7,602 78.874 912 7.602 43.518 900 7.933 43.518 900 7.933 Toiol Re$ources Expended B7,388 87,388 62.351 52,351 Net Incorning Resources for the Year 136,3201 136.320 8.430 8.430 Othor cognISed gains and 10sSB5 Gainslllossesl on Investments 298,627 298.627 1202,2101 1202,2101 Net Movement of Funds 262.307 262 307 192,780 193.780 Balance Brought Forward at 1st April 2020 1,331.702 1.331,702 1.525.482 1,525.482 Balance Carried Forward at 31st March 2021 1,594 009 1.594,009 1.331,702 1,331.702 The notes on pages S to 7 form part of these accounts Page 3
THE THISTLETHWAYTE SOUTHWICK AND BOARHUNT CHURCH AND COMMUNITYTRUST Balance Sheet as at 31st March 2021 Note 2021 2020 Fixed Ass8ts Investments 1,580,924 1,263.125 Currènt Assets Cash at Bank and in Hand 37,709 37,709 69,327 69,327 Current Liabilities Creditors 24,624 750 Net Current Assets 13,Q85 68.577 Nèt Assets 1 594.009 1.331,702 Funds Unrestricted 1,594,009 1.331,702 The Trustees have acknoMAedged their responsibilib.es for pieparing accounts which give a true and fair vievl of the charify's activities for the year then ended in accordance wth applicable accounts'ng standards and the Charities Statement of Recommended Practice IFRS1021. Approved by the Board ol Trustees and signed its behalf Trustee Date................ Page 4
THE THISTLETHWAYTE SOUTHWICK AND BOARHUNT CHURCH AND COMMUNITY TRUST Notes to the Accounts for the Ygar endèd 31$t March 2021 1 Prlncipal a¢¢ountrng policles Basis of accounting The finJnGial statements of the Chaiity, which Is a public benefit entily under FRS102, have been prepared in accordance with tme Ch3rilies SORP IFRS1021 'Accouriling and Reportin9 be Charilies Statement of Recommended Practice applicable to charities preparing their accoutTrt5 in accordance with the Financial Reporting Standard applicable In the UK and Republicof Ireland IFRS1021'. the Chanties (Accounts and Reports) Regulations 2008, the Charities Act 2011 The financial statement have been prepared under the historical cost accounting rules with the exception for investments which are stated al market value. Going concern The accounts have been prepared on a golllg concem basis. Incoming resourtes Donations are recognised In Tull In the Stalernenl of Financial Activities when rece1vable. Investment 1ncome is recognised when receipt is piob3ble and the amount receivable can be measured reliably. Resources expended ReSoUe5 expended are recognised in the period In which they a incurred. Resources expended include attributable VAT which onnot be recovered ash at bank and in hand Cash and cash equivalents comprise cash on hand and call deposits, and other short-lerm highly liquid investments that are readily convertible to a known amount ol cash and are subject to an insignificant r15k of change in value. Liabilities Liabilitie5 are iecognised as soon as there Is a legal or constructive obligation committing the chafity to expenditure. Inve5tTnents Governrnent stocks and other quoted securities are shown at their market valLLe at the year end All gains and losses are taken lo the Statement of Financi31 Aclivilie5 a$ they ar15e. Realised gains and losses on Investment5 are calculated as the difference between sales proceeds 3nd opening market value or purchase piice If Izler Uniealised gains and losses are calculated as the difference beeen rnarket value al the year end and the opening market value or purchase price If later. Realised and unrealised gains and losses ère not separated In the Slalemenl ol Financial Activities. Page 5
THE THISTLETHWAYTE SOUTHWICK AND 8OARHUNT CHURCH AND COMMUNITY TRUST Notès to the Accounts for the Year ended 31st March 2021 2 Direct charitablo gxpenditure 2021 2020 Contribution to cogl of Stipend and pension ol Chaplain Church repair cos15 43,743 35,131 43.518 78.874 43,518 There was no Trustees, remuneration or reimbursed Trustees, expenses during the year12020.' 3 Oth•r expèrtditure 2021 2020 Accountant's lees 912 900 912 Itiu 4 Liabiliti•s 2021 2020 Contribution to Stipend Other creditor Accrual 23.874 750 750 24,624 750 Page 6
THE THISTLETHWAYTE SOUTHWICK AND BOARHUNT CHURCH AND COMMUNITY TRUST Notes to the At¢ounts for ttle Year ended 31st March 2021 S Investments Carrying value Imarkel value) at bèginning of year Additions lo Investments al ctsst Disposals al Carrying value Net gainlllossl on revaluation 1,263,125 180.781 1161,6091 298,627 Carrying valué Imarkel valuel al end ol yèar 1,580,924 Historic cost 1,118,490 The market value of the portfolio consis15 of". Equity Investment Instruments Funds & Government stock 1,384,085 196,839 1,580,924 The carrying value Is based on the valuatioll a5 al 31 March 2021 12020 31 March 20201 supplied by the portfolio providers. 6 Control Th& charity is under the control of the Trustees. Page 7