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|||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|||
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|||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)|
##
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|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|
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|INVESTMENT INCOME|||
|---|---|---|
||2022|2021|
|||F|
|Rents received|525,956|545,336|
|Deposit account interest|4|6|
||525,960|545,342|
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||||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|
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|||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|
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||||Governance||
|---|---|---|---|---|
|||Finance|costs|Totals|
||||F|F|
|Charitable|activities|150|7,320|7,470|
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||||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|
##