2022-04-05-accounts

		Page
Reference and Administrative Details
Trustees' Report	2	to	4
Report ofthe Independent Auditors	5	to	6
Statement of Financial Activities
Balance Sheet
Cash Flow Statement
Notes to the Cash Flow Statement		10
Notes to the Financial Statements	11	to	16

TRUSTEES	Mr I G Humphrey	Mr I G Humphrey
	Mrs C Wishart
	Mr A Fisher
PRINCIPAL ADDRESS	153A Metchley	Lane
	Harborne
	Birmingham
	West Midlands
	B17OJL
REGISTERED CHARITY NUMBER 1040855
AUDITORS	Wallace Crooke
	Chartered Accountants		8
	Registered Auditors
	20 Birmingham	Road
	Walsall
	West Midlands
	WS1 2LT
BANKERS	Unity Trust Bank PLC
	4 Brindley Place
	Birmingham
	West Midlands
	B12JB

		FOR	THE YEAR ENDED 5AP	RIL 2022
				2022	2021
				Unrestricted	Total
				funds	funds
			Notes	E
INCOME AND ENDOWMENTS		FROM
Investment income				525,960	545,342
EXPENDITURE ON
Charitable activities
Charitable activities				455,237	476,211
Net gains on investments				491,517	577,000
NET INCOME				562,240	646,131
RECONCILIATION	OF FUNDS
Total funds brought	forward			13,422,831	12,776,700
TOTAL FUNDS CARRIED FORWARD				13,985,071	13,422,831

	BALANCE SHEET 5APRIL 2022
		2022	2021
		Total	Total
		funds	funds
	Notes	E
FIXEDASSETS
Investment property		13,799,190	12,717,065
CURRENT ASSETS
Debtors	12	43,365	51,036
Cash at bank		160,946	676,564
		204,311	727,600
CREDITORS
Amounts falling due within one year		(18,430)	(21,834)
NET CURRENT ASSETS		185,881	705,766
TOTAL ASSETS LESSCURRENT
LIABILITIES		13,985,071	13,422,831
NET ASSETS		13,985,071	13,422,831
FUNDS	14
Unrestricted funds:
General		7,369,745	7,293,294
Revaluation reserve		6,615,326	6,129,537
		13,985,071	13,422,831
TOTAL FUNDS		13,985,071	13,422,831

				2022	2021
			Notes	F
Cash flows from	operating	activities
Cash generated from operations				(450,971)	(404,757)
Net cash used in	operating	activities		(450,971)	(404,757)
Cash flows from	investing	activities
Purchase of investment property				(597,758)
Sale of investment	property			7,150
Interest received				4	6
Rents received				525,957	544,813
Net cash (used in)/provided		by investing	activities	(64,647)	544,819
Change in cash	and cash	equivalents
in the reporting	period			(515,618)	140,062
Cash and cash equivalents		at the
beginning ofthe	reporting	period		676,564	536,502
Cash and cash equivalents		at the end
ofthe reporting	period			160,946	676,564

	FOR THE YEAR ENDED 5APRIL 2022	FOR THE YEAR ENDED 5APRIL 2022
RECONCILIATION	OF NET INCOME TO NET CASH FLOW FROM		OPERATING ACTIVITIES
			2022	2021
			F
Net income for the	reporting	period (as per the Statement of
Financial Activities)			562,240	646,131
Adjustments for:
Gain on investments			(491,517)	(577,000)
Interest received			(4)	(6)
Rents received			(525,957)	(544,813)
Decrease in debtors			7,671	68,060
(Decrease)/increase	in creditors		(3,404)	2,871
Net cash used in operations			(450,971)	(404,757)

ANALYSIS OF CHANGES IN NET F	UNDS
	At 6/4/21	Cash flow	At 5/4/22
	F		F
Net cash
Cash at bank	676,564	(515,618)	160,946
	676,564	(515,618)	160,946
Total	676,564	(515,618)	160,946

INVESTMENT INCOME
	2022	2021
		F
Rents received	525,956	545,336
Deposit account interest	4	6
	525,960	545,342

			Grant
			funding of
		Direct	activities	Support
		Costs (see	(see note	costs (see
		note 4)	5)	note 6)	Totals
			F	F	F
Charitable	activities	205,180	242,587	7,470	455,237

		2022	2021
		F
Rates, service charges	and insurance	37,379	55,682
Property management	costs	87,595	78,978
Repairs, refurbishment	and maintenance	71,626	72,198
Professional fees		8,556	5,589
Postage and stationery		24
		205,180	212,447

			Governance
		Finance	costs	Totals
			F	F
Charitable	activities	150	7,320	7,470

			2022	2021
	Gain on sale of investment	properties	2,875
	Revaluation of investment	properties	488,642	577,000
			491,517	577,000
10.	TANGIBLE FIXEDASSETS
				Fixtures
				and
				fittings
				F
	COST
	At 6 April 2021 and 5 April	2022		40,146
	DEPRECIATION
	At 6 April 2021 and 5 April	2022		40,146
	NET BOOK VALUE
	At 5 April 2022
	At 5 April 2021
11.	INVESTMENT PROPERTY
	FAIRVALUE
	At 6 April 2021			12,717,065
	Additions			597,758
	Disposals			(4,275)
	Revaluation			488,642
	At 5 April 2022			13,799,190
	NET BOOK VALUE
	At 5 April 2022			13,799,190
	At 5 April 2021			12,717,065

The net book value of investment property comp	rised:
	2022	2021
Ground rents	650,190	608,065
Commercial properties	1,180,000	1,180,000
Freehold properties	10,675,000	9,454,000
Leasehold properties	1,294,000	1,475,000

	intervening	years on the b	years on the b	asis of market	conditions and movements in th	e portfolio.
	Fair value	at 5 April 2022		is represented	by:
							F
	Valuation	in 2018					3,297,617
	Valuation	in 2019					2,252,067
	Valuation	in 2021					577,000
	Valuation	in 2022					488,642
	Cost						7,183,864
							13,799,190
12.	DEBTORS:AMOUNTS		FALLING DUE		WITHIN ONE YEAR
						2022	2021
	Trade debtors					16,667	31,365
	Prepayments and accrued			income		26,698	19,671
						43,365	51,036
13.	CREDITORS: AMOUNTS			FALLING DUE WITHIN ONE YEAR
						2022	2021
	Taxation	and social security				6,852	7,488
	Other creditors					11,578	14,346
						18,430	21,834

			Movement	in funds
	Balance at	Incoming	Resources	Transfers	Revaluations	Balance at
	6 April	resources	expended		gains and	5April
	2021				losses	2022
		F				F
Unrestricted	7,293,294	525,960	(455,237)	2,853	2,875	7,369,745
Revaluation	6,129,537			(2,853)	488,642	6,615,326
	13,422,831	525,960	(455,237)		491,517	13,985,071