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2021-03-31-accounts

Page
Report ofthe Trustees I to 3
Independent
Examiner's		 Report
Statement ofFinancial Activities
Balance Sheet 6 to 7
Notes to the Financial Statements 8 to 14

REFERENCE AND ADMINISTRATIVE
DETAILS		 REFERENCE AND ADMINISTRATIVE
DETAILS
Registered charity number: 1036285
Trustees: Miss SR Coupe
Mr FR Shackleton - died 27/05/2021
Mr A J Dale
Mr N EWalker
Mrs JVBNewton
Mr C Morley —appointed 16/09/2021
Charity's principal address: 38Teme Street
Tenbury Wells
Worcestershire
WR15 8AA
Bankers: TSBPic
71 Teme Street
Tenbury Wells
Worcestershire
WR15 8AQ
Solicitors: Norris and Miles
6 Market Square
Tenbury Wells
Worcestershire
WR15 8BW
Stockbrokers: EFG Harris Allday
Ground Floor
Beech House
Anchorage
Avenue
Shrewsbury
Business Park		 SY26FG
Approved by order ofthe board oftrustees on„. ... and signed on its behalf by:

2021 2020
Unrestricted Total
funds funds
Notes f.
INCOME AND ENDOWMENTS FROM
Donations and legacies 29,999 398,022
luvestment income 68,138 71,231
Total 98,137 469,253
EXPENDITURE ON
Raising funds 13,978 13,960
Charitable activities
Grant funding
activities		 39,000 77,050
Governance costs 2,087 3,688
Other 20
Total 55,065 94,718
Net gains/(losses) on investments 392,872 (306,730)
NET INCOME 435,944 67,805
RECONCILIATION OF FUNDS
Total funds brought forward 2,375,681 2,307,876
TOTAL FUNDS CARRIED FORWARD 2,811,625 2,375,681
2021 2020
Unrestricted Total
funds funds
Notes f.
FIXEDASSETS
Investments
Investments 10 2,392,872 1,967,819
lnvcstmcnt
property		 11 265,500 265,500
2,658,372 2,233,319
CURRENT ASSETS
Debtors 12 13,797 112,071
Cash at bank 146,383 34,831
160,180 146,902
CREDITORS
Amounts
falling due within one year		 13 (6,927) (4,540)
NKT CURRENT ASSETS 153,253 142,362
TOTAL ASSETSLESSCURRENT
LIABILITIES 2,811,625 2,375,681
NET ASSETS 2,811,625 2,375,681

2,811,625 2,375,681
2,811,625 2,375,681

DONATIONS
AND LEGACIES
2021 2020
f.
Donations 29,999 348,022
Gift aid 50,000
29,999 398,022

INVESTM ENT INCOME
2021 2020
f.
Investment income 67,309 70,893
Deposit account interest 829 338
68,138 71,231

Investment management costs
2021 2020
g
Portfolio management 13,378 13,501
Property repairs 600 459
13,978 13,960

Grant
funding of
activities Support
(see note costs (see
6) note
f		 7) Totals
Grant funding activities 39,000 39,000
Governance
costs		 2,087 2,087
39,000 2,087 41,087
GRANTS PAYABLE
2021 2020
Advancement ofhealth or saving oflives 10,000 5,500
Advancement ofhuman
rights, equality		 and diversity 500 30,000
Advancement ofcitizenship or community development 6,000 5,000
Advancement ofeducation 1,500
Advancement or religion 7,000 250
Prevention
or		 relief ofpoverty 7,000
Advancement ofthe arts, culture, heritage or science 2,000 2,000
Gifts for the benefit ofa particular locality 2,500 300
Relief ofthose in need by reason ofyouth, disability or other disadvantage 7,000 22,500
Support ofthe armed forces ofthe Crown 3,000
Protection ofthe environment 4,000
39,000 77,050

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 398,022
Investment
income		 71,231
Total 469,253
EXPENDITURE ON
Raising funds 13,960
Charitable
activities
Grant funding
activities		 77,050
Governance
costs		 3,688
Other 20
Total 94,718
Net gains/(losses)
on		 investments (306,730)
NET INCOME 67,805
RECONCILIATION OF FUNDS
Total funds brought forward 2,307,876
TOTAL FUNDS CARRIED FORWARD 2,375,681

Listed investments Total Total
2021 2020
f
Market value at 31 March 2020 1,967,818 1,924,307
Additions 202,626 837,423
Disposals (170,444) (487,183)
Realised gains/(losses) —net 31,628 101
Unrealised
gains/(losses)		 -net 361,244 (306,830)
Market value at 31March 2021 2,392,872 1,967,818
Historical
cost at 31 March 2021		 2,080,654 2,137,934
The additions
and		 disposals of Total Total
investtnents
during		 the year are stated 2021 2020
after adjusting
for		 stockbroker's costs:- f
Admin charges 200 560
Stock Exchange levy 9 20
Third patty charges 87
209 667
Investments
at market value comprised;		 2021 2020
f
Equities 1,899,864 1,525,313
Fixed interest securities 493,008 442,505
2,392,872 1,967,818
Overseas
invested		 funds included in the figures above;-
Equities 163,062 153,534
Fixed interest securities
163,062 153,534
Listed investments are held 85'/0 in the General fund and 15'/0 in the Lancashire fund, aR within unrestricted
funds.
INVESTMENT PROPERTY
FAIR VALUE
At I April 2020
and 31March 2021 265,500
NET BOOK VALUE
At 31March 2021 265,500
At 31March 2020 265,500

12. DEBTORS:AMOUN TS FALLING DUE WITHIN ONE YEAR
2021 2020
f
Investment
income debtors		 6,297 8,321
Other debtors 7,500 103,750
13,797 112,071
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
f.
Other creditors 6,927 4,540
14. MOVEMENT IN FUNDS
Net
movement At
At 1.4.20 in funds 31.3.21
Unrestricted
funds
General fuud 2,038,324 379,013 2,417,337
Lancashire
Designated		 Fund 337,357 56,931 394,288
2,375,681 435,944 2,811,625
TOTAL FUNDS 2,375,681 435,944 2,811,625
Incoming Resources Gains and Movement
resources expended losses in funds
f. f f.
Unrestricted funds
General fund 98,137 (53,065) 333,941 379,013
Lancashire
Designated		 Fund (2,000) 58,931 56,931
98,137 (55,065) 392,872 435,944
TOTAL FUNDS 98,137 (55,065) 392,872 435,944
Comparatives for movement in funds
Net Transfers
movemeut between At
At 1.4.19
f		 in funds funds
f		 31.3,20
Unrestricted funds
General fund 1,985,247 120,815 (67,738) 2,038,324
Lancashire
Designated		 Fund 322,629 (53,010) 67,738 337,357
2,307,876 67,805 2,375,681
TOTAL FUNDS 2,307,876 67,805 2,375,681

Incoming Resources Gains and Movement
resources expended losses in funds
Unrestricted funds
General fund 469,253 (87,718) (260,720) 120,815
Lancashire
Designated		 Fund (7,000) (46,010) (53,010)
469,253 (94,718) (306,730) 67,805
TOTAL FUNDS 469,253 (94,718) (306,730) 67,805