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$t March 2021
1 Prlncipal a¢¢ountrng policles
Basis of accounting
The finJnGial statements of the Chaiity, which Is a public benefit entily under FRS102, have been prepared in
accordance with tme Ch3rilies SORP IFRS1021 'Accouriling and Reportin9 be Charilies Statement of
Recommended Practice applicable to charities preparing their accoutTrt5 in accordance with the Financial
Reporting Standard applicable In the UK and Republicof Ireland IFRS1021'. the Chanties (Accounts and Reports)
Regulations 2008, the Charities Act 2011 The financial statement have been prepared under the historical
cost accounting rules with the exception for investments which are stated al market value.
Going concern
The accounts have been prepared on a golllg concem basis.
Incoming resourtes
Donations are recognised In Tull In the Stalernenl of Financial Activities when rece1vable.
Investment 1ncome is recognised when receipt is piob3ble and the amount receivable can be measured reliably.
Resources expended
ReSoU￿e5 expended are recognised in the period In which they a￿ incurred. Resources expended include
attributable VAT which onnot be recovered
ash at bank and in hand
Cash and cash equivalents comprise cash on hand and call deposits, and other short-lerm highly liquid
investments that are readily convertible to a known amount ol cash and are subject to an insignificant r15k of
change in value.
Liabilities
Liabilitie5 are iecognised as soon as there Is a legal or constructive obligation committing the chafity
to expenditure.
Inve5tTnents
Governrnent stocks and other quoted securities are shown at their market valLLe at the year end
All gains and losses are taken lo the Statement of Financi31 Aclivilie5 a$ 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 be￿een 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