Southwark Report Internals final single

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NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 (CONTINUED) 9. INVESTMENTS 2021 2020 £ £ Investment properties Brought forward 27,400,350 17,995,000 Additions - - Transfer from fixed assets - - Disposals (2,277,350) (635,000) Revaluation - 10,040,350 --------------------------- --------------------------- 25,123,000 27,400,350 Quoted investments (see below) 38,860,668 33,139,881 -------------------------- -------------------------- 63,983,668 60,540,231 ============= ============= 2021 2020 The breakdown of quoted investments is as follows: £ £ UK and Overseas equities and fixed interest stocks 32,515,841 26,505,263 Corporate and government bonds 3,370,221 2,700,450 Commodities 1,092,165 715,020 Other 1,797,149 2,681,072 Portfolio bank accounts 85,292 538,076 -------------------------- -------------------------- 38,860,668 33,139,881 ============ ============ 2021 2020 Quoted investments at market value: £ £ Opening balance at 1 January 2021 33,139,881 28,972,029 Additions 4,972,506 4,979,314 Disposals (5,398,204) (6,232,221) Gains/(losses) 6,146,485 5,420,759 ---------------------------- ---------------------------- Balance at 31 December 2021 38,860,668 £33,139,881 ============= ============= Cost of investments at 31 December 2021 32,949,391 £28,046,296 ============= ============= Unrealised gains on original cost £5,911,227 £5,083,595 ============= ============= 68
ANNUAL ACCOUNTS NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 (CONTINUED) 9. INVESTMENTS (Continued) All quoted investments (other than cash) are listed on a recognised Stock Exchange or are valued by reference to investments listed on a recognised Stock Exchange. There are no investments representing more than 5% of the portfolio value. A figure for the cost of investment properties owned at 1 January 1997 is not available. Certain investment properties both residential and office have been valued by independent valuers – staff of Gerald Eve LLP who are all MRICS and RICS Registered Valuers all of whom have recent experience of valuing such properties. One property has a protected tenancy and has been valued taking into consideration this restriction. These investment properties were valued at £13.77m. The other investment properties were valued internally based on market information. These were all residential properties. These properties were valued at £13.63 m. SUBSIDIARY COMPANY The Charity owns 100% of the Issued share capital in St George’s Cathedral Car Park Limited. The company had net assets of £2,465 at 31 December 2020. The Charity owns 100% of the Issued share capital in RCAOS Property Services Limited. The company had net assets of £80,390 at 31 December 2020. The subsidiary undertakings are excluded from consolidation as they are not material when taken together for the purpose of giving a true and fair view. 10. DEBTORS 2021 2020 £ £ Grants due on school projects 1,255,384 1,065,562 Other debtors, prepayments and accrued income 1,458,015 2,399,370 ------------------------ ------------------------ 2,713,399 3,464,932 ============ ============ Included in other debtors, prepayments and accrued income are balances totalling £Nil (2020 £627,224), which are due after one year. 11. CREDITORS: Amounts falling due within one year 2021 2020 £ £ Loans to the Archdiocese and Parishes from third parties 929,688 297,000 Other creditors 6,451,554 7,218,232 School Building Projects 5,622,355 4,925,339 ---------------------- ---------------------- 13,003,597 12,440,571 =========== =========== 69
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REPORT ANNUAL 2021
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REPORT ANNUAL 2021 Roman Catholic A
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IMPACT REPORT About the Archdiocese
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IMPACT REPORT Stella Maris, to see
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IMPACT REPORT Our Diocesan Mission
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IMPACT REPORT The Archdiocese of So
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IMPACT REPORT 2021 in a Southwark P
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IMPACT REPORT MAKING CONNECTIONS As
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IMPACT REPORT 15
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Page 27 and 28: IMPACT REPORT Operation Elf: charit
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Page 31 and 32: IMPACT REPORT JPIC Assembly - COP26
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Page 35 and 36: IMPACT REPORT The Diocesan Chancery
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Page 41 and 42: IMPACT REPORT Volunteer Story Nikki
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Page 45 and 46: ANNUAL ACCOUNTS
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Page 57 and 58: ANNUAL ACCOUNTS Cash Flow Statement
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Page 77 and 78: Healing and Reconciliation at the P
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Southwark Report Internals final single

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