Southwark Report 2020_NEW final -Single pages
The Archdiocese of Southwark is pleased to publish an updated version of the Annual Report and Accounts for 2020. This version was revised after correcting a technical error and was re-submitted to the Charity Commission in December 2022.
The Archdiocese of Southwark is pleased to publish an updated version of the Annual Report and Accounts for 2020. This version was revised after correcting a technical error and was re-submitted to the Charity Commission in December 2022.
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NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER <strong>2020</strong> (CONTINUED)<br />
9. INVESTMENTS<br />
<strong>2020</strong> 2019<br />
£ £<br />
Investment properties<br />
Brought forward 17,995,000 17,610,000<br />
Additions - -<br />
Transfer from fixed assets<br />
Disposals (635,000) 63,087<br />
Revaluation 10,040,350 321,913<br />
--------------------------- ---------------------------<br />
27,400,350 17,995,000<br />
Quoted investments (see below) 33,139,881 28,972,029<br />
-------------------------- --------------------------<br />
60,540,231 46,967,029<br />
============= =============<br />
<strong>2020</strong> 2019<br />
The breakdown of quoted investments is as follows: £ £<br />
UK fixed interest stocks - -<br />
UK equities 4,116,886 4,014,712<br />
Overseas equities and fixed interest stocks 22,388,377 18,365,797<br />
Corporate and government bonds 2,700,450 2,394,555<br />
Commodities 715,020 625,671<br />
Other 2,681,072 2,740,577<br />
Portfolio bank accounts 538,076 830,717<br />
-------------------------- --------------------------<br />
33,139,881 28,972,029<br />
============ ============<br />
<strong>2020</strong> 2019<br />
Quoted investments at market value: £ £<br />
Opening balance at 1 January <strong>2020</strong> 28,972,029 24,545,439<br />
Additions 4,979,314 22,490,561<br />
Disposals (6,232,221) (23,906,021)<br />
Gains/(losses) 5,420,759 5,842,050<br />
---------------------------- ----------------------------<br />
Balance at 31 December <strong>2020</strong> £33,139,881 £28,972,029<br />
============= =============<br />
Cost of investments at 31 December <strong>2020</strong> £28,046,296 £28,529,994<br />
============= =============<br />
Unrealised gains on original cost £5,083,595 £442,035<br />
============= =============<br />
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