# ## |||||Page| |---|---|---|---|---| |Joint Message from our Chair ofthe Board and Chief Executive||||1-2| |Trustees'
~|Report
Report ofthe|Trustees||3-16| |~|Officers, Contacts and Advisers|||17| |~|Statement as|to Disclosure of Information|to Auditors|18| |Statement ofTrustees'||Responsibilities||| |Independent
Auditors'||Report||20- 22| |Financial|Statements|||23-27| |Notes to|the Financial|Statements||28 - 46| ## ## ## ## ## ## ## ## ## |he progr|ess|ofou|r ke|y ai|ms in|2022, year two, can be summarised
below:||||| |---|---|---|---|---|---|---|---|---|---|---| |Aim||||||Pro ress 2022||||| |To restore gross|||income||to|Income
in 2022 was 50.05m less than 2019.This shorffall
is due|||to a small|| |2019levels||||||reduction
in investment
income.||||| |To develop||a property||||Began to deliver
a focused
property
strategy,|to minimise
void||periods
in|| |strategy|with a more|||focused||properties,
and recommence
some planned
repair and maintenance|||work.|| |a
roach||||||||||| |||||||In addition to regular communication
with members a series ofevents|||were|held| |||||||in 2022||||| |||||||~
Help Your Community
Grow Family Funday at the Ken||Kennett||| |||||||Centre||||| |||||||~
A guided
walk ofRawley Fields||||| |||||||~
A volunteer session at the community
orchard||||| |||||||~
A guided
walk of The Lench Meadows|by Dr Nick Steggall|||| |To engage||in conversations||||~
Pride or The Whore ofBabylon: an online lecture by Dr||Miriam
Gill for||| |in order|to act as||a connector|||Guild Chapel supporters||||| |to share|learning||and|drive||~
Death Revealed- Secrets ofthe Guild|Chapel: by Dr Kate Giles,|||Mark| |change||||||Perry and Rodger Palmer||||| |||||||~
Where Does the Money Come From?:
Trust 's Head of Finance|a session led by|the|Town|| |||||||~
Grant
Making:
Making
an Impact
in Strafford:
by the Town Trust's||||| |||||||Grants Manager||||| |||||||Our 2022 AGM was again delivered
through
a|hybrid approach|with members||| |||||||able tojoin via a live stream ofthe meeting.||||| |||||||Our Chief Executive Chairs the Strafford Tawn|Centre Strate
ic Partnershi|||.| |An ongoing||commitment|||to|An environmental
action plan was initiated to reduce the carbon||footpdint ofthe||| |the environment|||and|||Town
Trust. Two staff members
undertook
Carbon
Literacy||training.||Tree| |sustainability||||||planting
was undertaken
at Rowley Fields. The|biodiversity
net gain||application|| |||||||for Rowley
Fields
continued.
The groundworks
and
planting||at|the
I|ench| |||||||Meadows were completed
and preparation
was|made to initiate|the|application|| |||||||process for Local Nature
Reserve status.
Repair Cafe at Foundation
House||||| |||||||commenced
as a monthl
event.||||| |To move ta||a model||of||The pilot of aur first participatory
grant making|award
continued|in|2022|for a| |artici ato||rant makin||||ro'ect that su
orts
oun
eo le. This will be|delivered
in 2023.|||| |To develop||additional||income||The first steps to developing
a fundraising
strategy
were taken||in 2022 with a||| |through|external||funding|||review
and
feasibility
study
undertaken
by|an
independent||fundraising|| |streams||||||s ecialist.||||| ## |Name oforganisation||Benefit in kind value 6"| |---|---|---| |Army Cadets||| |Babybank||1,866| |Change
Grow Live||109| |Diabetic Eye screening||| |Escape Arts||4,249| |Heart of England Woodtumers||397| |Safeline||5,565| |Second Thoughts
Drama Group||3,467| |Shakespeare
Lions||2,111| |Strafford
District Radio Society||1,781| |Strafford
Men's Shed||6,047| |Strafford Youth Theatre||1,524| |WCAVA||762| |Warwickshire
Reminiscence|Action Project|5,590| |Welcombe Radio||1,626| |Total benefit in kind||37,094| |*Net ofcontributions
to running|costs or licensee fees|| ## ## |Summary ofDiscretionary|Summary ofDiscretionary|Summary ofDiscretionary|Grants|awarded
in 2022 (net ofgrants cancelled)|awarded
in 2022 (net ofgrants cancelled)| |---|---|---|---|---|---| |Community
benefit||Awarded||Examples of Beneficiaries|| ||||8||| |||||~|Citizens Advice South Warwickshire:
core funding
and| ||||||management
support f120,937| |||||~|The Parenting
Project: Family Wellbeing
Pathway 544,803| |To relieve need,
hardship,
distress,
sickness,||||~
~|The Myton Hospice: core costs for Strafford residents 635,000
The Shakespeare
Hospice: core costs for Stratford residents
f35,000| |disability,
old|age|384,404||~|Refuge: Strafford Refuge support 532,000| |and infirmity||||~|Spring Housing Association: Stratford
Housing
Plus Centre, year| |among
beneficiaries||||~|2625,000
Home-Start South Warwickshire:
Core costs f18,542| |||||~|Time 4 Hope: Time2Connect 618,322| |||||~|Strafford-upon-Avon
Deaf Group: Strafford meeting costs 61,000| |||||~|Hardship
fund for individuals:
administered
by CASW 510,000| |To provide or||||~|Grants to all town state schools, plus two out oftown state| |support the|||||schools with a large number
of Strafford-upon-Avon
resident| |provision of|||||pupils: F156,667 in total - 12grants| |facilities for||||~|Young Minds Matter: 1:1Mentoding
in Strafford schools 529,896| |education for
beneficiaries,
including
the
advancement
learning
and|of|212,215||~
~
~|Strafford StAndrew's
Cof E Primary School: Playground
shelter
f5,000
2"'Strafford Brownies: Brownie PGL trip 2022 51,000
1srTiddington
Scout Group: new leaders'
uniform 5962| |knowled
e|||||| |||||~|Play House: community
events support 8125,000| |||||~|Orchestra ofthe Swan: Cafe Muse 621,405| |||||~|Street Arts Project: song writing sessions &guitar lessons| |To provide or
support facilities||||~|815,850
Strafford Sports Club: Strafford Sporting
memories
club f16,040| |for recreation|and|213,123||~|Royal Shakespeare
Company:
Like
I Care 610,000| |other leisure-time
occupation||||~
~|Strafford &District Boxing Academy: Core costs 69,000
The Bear Pit: Community
Cinema f5,000| |||||~|Strafford Town Girls Football Club: Growth
Plan F4,828| |||||~|Strafford
upon Avon Table Tennis Club: Table Tennis legacy| ||||||81,000| |||||~|Team Springboard
CIC:Core costs in support of Baker Avenue| |Tosupport|||||Community
Garden f14,000| |citizenship
and|||24,985|~|Clopton
Community
Action Group: Ken Kennett
Fun Day 61,000| |community||||~|Strafford-on-Avon
Friends ofthe Earth: Strafford Great Big Green| ||||||Week 2022 8785| ## ||||~|Strafford|upon Avon Christmas
Lights Co Ltd: Christmas|&| |---|---|---|---|---|---|---| |Tosupport|Civic Pride|24,132|~|Jubilee
Stratford|lights 512,000
in Bloom: floral displays f5,000|| ||||~|Funding|to various
community
groups for Platinum
Jubilee Parties|| |||||86 147||| |Other charitable||985|~|Accessible Stratford:
My Accessible Stratford-upon-Avon||f985| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |The risk policy explains
the process for identifying,
assessing,
mitigating
and managing
the risks. Once|The risk policy explains
the process for identifying,
assessing,
mitigating
and managing
the risks. Once|The risk policy explains
the process for identifying,
assessing,
mitigating
and managing
the risks. Once|The risk policy explains
the process for identifying,
assessing,
mitigating
and managing
the risks. Once|the|risk| |---|---|---|---|---|---| |has been
identified
and categorised,||it is then|assessed
based
on the impact
and
the likelihood
of|the|risk| |occurring. Then, ifpossible,|measures|are taken to mitigate the risk. The policy requires that the risks be monitored|||| |and assessed
on a regular|basis, and|states that this is done by reviewing
and discussing
the Risk Register. The|||| |whole process is monitored|by the Audit &Governance
Committee.||||| |The Board considers that the major risks facing the Group at the end ofthe year were:|||||| |Description
ofRisk|||Mitigation of Risk||| ||||Regular project team meetings
which monitor progress,||| |The Riverside Project fails to meet|||budgets and feedback from townspeople
and local||| |expectations
ofSTT, SDC, CWLEP and|||stakeholders.
Commissioned
independent
report by geo-||| |public|||environmental
and geotechnical
delivery expert to gain||| ||||independent
view ofproject activity and findings.||| |Loss of Community
Hub
notice served
by landlord|Facility as|break|Actively considering
all options for future facility for both short
and longer term. Steering Group overseeing
project. Working
closely with all stakeholders.||| |Change
in town centres|and the retail||Property managers
have increased
liaison with tenants,||| |market across the UK, resulting
in a higher|||monitoring
ofarrears
by property,
proactively
marketing|void|| |level ofvoids, arrears|||properties.||| ||||All properties
are inspected
on a regular basis by the property||| ||||manager
and a report on repairs
required
by the tenant|is|| |Commercial
tenants
fail|to maintain|their|prepared
and a dialogue occurs with the tenant. Any actions||| |property
under the terms|oftheir lease||are followed
up on an ongoing basis. At the end ofleases, a||| ||||proactive approach
is adopted
in terms of dilapidation||| ||||negotiations
and settlements.||| ## ## ## ## ## ## ## ## ## ## |CHIEF EXECUTIVE|Sara Aspley||SENIOR|Sara Aspley, Rebecca Hampson,|Sara Aspley, Rebecca Hampson,|Sara Aspley, Rebecca Hampson,| |---|---|---|---|---|---|---| ||||MANAGEMENT|James McHugh,
Paul||Fitzpatrick,| ||||TEAM|Frances Nibbs (appointed 1.7.22),||| |||||Lynn Perkins||| |AUDITORS|Saffery Champness|LLP|PROPERTY|Colliers International||Property| ||StJohn's Court||MANAGER|Consultants
Limited||| ||Easton Street|||19eFloor||| ||High Wycombe|||103Colmore Row||| ||HP11 1JX|||Birmingham
B33AG||| |INVESTMENT|Cazenove
Capital (part of|||Schroders
&Co Limited||| |MANAGERS|Schroders 8 Co Limited)|||1 London Wall Place||| ||1 London Wall Place|||London||| ||London EC2Y 5AU|||EC2Y 5AU||| ||Sarasin &Partners|||Charities
Property|Fund|| ||Juxon House|||Cordee Savills||| ||100St Paul's Churchyard|||33 Margaret Street||| ||London
EC4M 8BU|||London W19 OJD||| |SOLICITORS|Robert Lunn
& Lowth LLP||BANKERS|Barclays Bank pic||| ||2 Sheep Street|||Market Cross||| ||Strafford-upon-Avon|||Strafford-Upon-Avon||| ||CV37 6EJ|||Warwickshire||| |||||CV37 6AP||| ||Mills 8 Reeve|||||| ||78-84 Colmore Row|||||| ||Birmingham
B32AB|||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||Unrestriicted|Permanent|Total funds|Unrestriicted|Permanent|Totalfunde| |---|---|---|---|---|---|---|---|---|---| |||||funds|endowment|2022|funds|endowment|2021| |||||2022|funds||2021|funds|| ||||||2022|||2021|| ||||||E||||| |Income from:|||||||||| |Donations
and legacies'|||4|37,330||37,330|236,374||236,374| |Investment
income|||5|3,498,320||3,498,320|3,317,632||3,317,632| |Charitable
Activities|||6|2,068||2,068|1,080||1,080| |Other income|||7|12,652||12,652|3,394||3,394| |Total Income||||3,550,370||3,550,370|3,558,480||3,558,480| |Expenditure
on:|||||||||| |Raising funds|||8|1,424,262||1,424,262|1,091,320||1,091,320| |Charitable
activities|||9|2,153,662||2,153,662|1,791,902||1,791,902| |Total expenditure||||3,577,924||3,577,924|2,883,222||2,883,222| |Net (losses) Igains on|||||||||| |investments|||15/18|(438,110)|(2,008,786)|(2,446,896)|184,408|1,500,644|1,685,052| |Net income and||||(465,664)|(2,008,786)|(2,474,450)|859,666|1,500,644|2,360,310| |expenditure|||||||||| |Other recognised||gains|||||||| |and losses|||||||||| |Actuarial gains on|defined||||||||| |benefit pension schemes|||24|286,000||286,000|358,000||358,000| |Reclassification|of||||||||| |reserves|||||||300,000|(300,000)|| |Net movement
in||funds||(179,664)|(2,008,786)|(2,188,450)|1,517,666|1,200,644|2,718,310| |Reconciliation
of||funds|||||||| |Total funds brought||forward|18|4,800,072|54,956,635|59,756,707|3,282,406|53,755,991|57,038,397| |Total funds carried|||||||||| |forward|||18|4,620,408|52,947,849|57,568,257|4,800,072|54,956,635|59,756,707| |||||Total|Total| |---|---|---|---|---|---| |||||Funds|Funds| ||||Notes|2022|2021| |||||K|E| |Income from:|||||| |Donations
and legacies*||||1,516,704|1,510,112| |Investment
income||||124,414|109,473| |Charitable
activities||||180|| |Other||||204,671|162,308| |Total income||||1,845,969|1,781,893| |Expenditure
on:|||||| |Raising funds||||264,155|221,226| |Charitable
activities**||||1,409,694|1,085,411| |Total expenditure||||1,673,849|1,306,637| |(Losses) Igains on|investment||15|(375,230)|108,975| |assets|||||| |Net income and expenditure||||(203,110)|584,231| |Other recognised|gains||||| |Actuarial gains on defined||benefit|||| |pension schemes|||24|286,000|358,000| |Net movement
in|funds|||82,890|942,231| |Reconciliation
offunds|||||| |Total funds brought|forward|||4,090,915|3,148,684| |Total funds carried forward|||20|4,173,805|4,090,915| ||||||Notes|Group|Group|Town|Trust| |---|---|---|---|---|---|---|---|---|---| |||||||2022
K|2021f|2022
K|2021
K| |Fixed assets|||||||||| |Tangible fixed assets|||||14|1,580,673|1,629,711|1,580,673|1,629,711| |Investments|||||15|56,924,126|58,366,023|2,668,743|2,243,973| |||||||58,504,799|59,995,734|4,249,416|3,873,684| |Current assets|||||||||| |Debtors|||||16|477,225|490,180|141,059|213,634| |Cash at bank and||in|hand|||2,111,774|2,719,338|562,849|1,031,059| |||||||2,588,999|3,209,518|703,908|1,244,693| |Current
liabilities|||||||||| |Creditors:
amounts|||falling due within||||||| |one year|||||17|(3,525,541)|(3,146,545)|(779,519)|(725,462)| |Net current (liabilities)||||1assets||(936,542)|62,973|(75,611)|519,231| |Total assets less||current liabilities||||57,568,257|60,058,707|4,173,805|4,392,915| |Defined benefit|pension|||scheme|24||(302,000)||(302,000)| |liability|||||||||| |Net assets including||||pension|||||| |liability||||||57,568,257|59,756,707|4,173,805|4,090,915| |Funds|||||||||| |Capital funds|||||||||| |Endowment
Funds*|||||18|52,947,849|54,956,635||| |Income funds|||||||||| |Unrestdicted
funds|||||20||||| |General fund||||||2,655,072|2,736,741|2,655,072|2,736,741| |Designated
fund||||||1,518,733|1,856,174|1,518,733|1,656,174| |Other charitable|funds|||(College &|||||| |Guild)||||||446,603|509,157||| |Pension reserve|||||24||(302,000)||(302,000)| |Total funds|||||20|57,568,257|59,756,707|4,173,805|4,090,915| ||||||||2022|2021| |---|---|---|---|---|---|---|---|---| ||||||||Totalfunds|Total funds| ||||||||6|| |Cash flows from operating|activities:|||||||| |Net cash used in operating|activities||||||3112555|(2~427 306| |Cash Rows from investing|activities:|||||||| |Dividends,
interest and rents|from|investments|||||3,510,972|3,352,004| |Purchase ofproperty,
plant and equipment|||||||(982)|(8,367)| |Proceeds fiom sale ofinvestments|||||||487,777|| |Purchase ofinvestments|||||||~1383000|~53789| |Net cash provided byinvesting||activities|||||2,614,767|3,289,848| |Cash flows from financing|activities:|||||||| |Repayment
ofborrowings||||||||900000| |Net cash used by financing|activities|||||||| |Change
in cash and cash equivalents
in the reporting||||period|||(497,788)|(37,458)| |Cash and cash equivalents
at 31||December 2021|||||~27254 6|2~762 864| |Cash and cash equivalents|at 31 December 2022|||||||| ||||||||2022|2021| ||||||||Totalfunds
f|Total funds| |Reconciliation
ofnet income to||net cash flow from operating||||activities||| |Net (expenditure)
/income
for the||repcrling period|(as per the||statement offinancial|||| |activities)|||||||(2,188,450)|2,718,310| |Adjustments
for:||||||||| |Depreciation|||||||50,021|55,437| |Losses I(gains) on investments|||||||2,446,896|(1,685,053)| |Dividends,
interest, and rent|from|investments|||||(3,510,972)|(3,352,004)| |Increase) /(decrease)
in debtors|||||||12,955|(5,418)| |(Decrease) 1increase
in creditors|||||||76995|~158578| |Net cash usedin operating|activities||||||3112555|2427 306| ||||||||2022|2021| ||||||||Total funds|Totalfunds| ||||||||F|6| |Analysis ofcash and cash|equivalents|||||||| |Cash in hand
Cash awaiting
investment
*|||||||2,111,774
115844|2,719,338
6068| |Total cash and cash equivalents
*f110041(2021:f0044) ofcash awaitinginvestment|||is unavailable||for|general expenditure|222L615
asitis an endowed asset.|| ## |Analy|sis ofc|hange
in net debt|||| |---|---|---|---|---|---| ||||At||At| ||||1 January|Cashflow|31 December| ||||2022|F|2022| ||||||6| |Cash|and equivalents||||| |Cash|||2,719,338|(607,564)|2,111,774| |Cash|awaiting|deposit|6,068|109,776|115,844| |Total|||2,725,406|(497,788)|2,227,618| ||||||||||2022||2021| |---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||Total funds|Total funds|| |Cash flows from operating||activities:|||||||||| |Net cash (usedin)/provided|||by operating||activities||||3687||26 373| |Cash flows from investing||activities:|||||||||| |Dividends,
interest snd rents||from investments|||||||329,085||260,173| |Purchase ofproperty,
plant|and||equipment||||||(982)||(8,367)| |Proceeds from sale of investments|||||||||4,979||| |Purchase ofinvestments|||||||||~6000 0||~17972| |Net cash provided by investing
activities|||||||||466918||233834| |Cash flows from financing||activities:|||||||||| |Repayment
ofbonowings|||||||||||900000| |Net cash used
in financing|activities||||||||||000000| |Change
in cash and cash equivalents||||in the reporting||period|||(463,231)||(692,539)| |Cash snd cash equivalents|at 31 December 2021||||||||1031083|~123622|| |Cash and cash equivalents||at 31 December|||2022||||||| ||||||||||2022||2021| ||||||||||Total funds|Total funds|| ||||||||||||6| |Reconciliation
ofnet income|||i(expenditure)||to net|cash|flow from||||| |operating
activities|||||||||||| |Netincome for the reporting||period (asper the statement of|||||financial|acti vi ries)|82,890||942,232| |Adjustments
for:|||||||||||| |Depreciation|||||||||50,020||55,437| |Losses /(gains)
on investments|||||||||375,230||(108,975)| |Dividends,
interest, and rent||from investments|||||||(329,085)||(260,173)| |Decrease i(increase)
in debtors|||||||||72,575||(62,392)| |Decrease
in creditors|||||||||{247943)||~592502| |Net cash provided /(usedin)|||by operating||activities||||3687||26373| ||||||||||2022||2021| ||||||||||Totalfunds|Total funds|| |Analysis ofcash and cash||equivalents|||||||||| |Cashin
hand|||||||||562,849|1,031,059|| |Cash awaiting
investment|||||||||5003||24| |Total cash and cash equivalents|||||||||56Zjm||| |Analysis ofchange
in net||debt|||||||||| ||||||||At|||At|| ||||||||1 January||Cashflow|31December|| ||||||||2022||6|2022|| ||||||||6|||6|| |Cash and equivalents|||||||||||| |Cash|||||||1,031,059||(468,210)|562,849|| |Cash awaiting
deposit||||||||24|4,979|5,003|| |Total|||||||1,031,083||(463,231)|567,852|| ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||Group|Group|Town|Trust| |---|---|---|---|---|---|---|---|---| |4|Donations||and legacies||Total funds|Total funds|Total funds|Total funds| ||||||2022|2021|2022|2021| ||||||f|f|f|f| ||Annual
giR||from Guild Estate||||979,386|983,226| ||Annual
giR||from College Estate||||535,097|443,303| ||Donations||||17,330|11,734|2,221|| ||Furlough -||grant|||17,230||15,173| ||Grants||||20,000|207,410||68,410| ||||||37,330|236,374|1,516,704|1,510,112| ||||||Group||Town|Trust| |5|Investment||income||Total funds|Total funds|Total funds|Total funds| ||||||2022
f|2021
f|2022
f|2021
f| ||Property|income|||2,757,244|2,596,188|44,158|34,495| ||Dividends||receivable||741,076|721,444|80,256|74,978| ||||||3,498,320|3,317,632|124,414|109,473| ||||||Group||Town|Trust| |6|Income from Charitable|||Activities|Total funds|Total funds|Total funds|Total funds| ||||||2022
f|2021
f|2022
f|2021
f| ||Guild Chapel||||1,888|1,080||| ||Bandstand||||180||180|| ||||||2,068|1,080|180|| ||Group|Group|Town|Trust| |---|---|---|---|---| |Other Income|Total funds|Total funds|Total funds|Total funds| ||2022
f|2021
f|2022
f.|2021
f| |Interest receivable
on cash & bank|12,652|286|4,900|150| |Miscellaneous
income||3,108||3,108| |Services to Guild Estate|||123,003|95,335| |Services to College Estate|||76,768|63,715| ||12,652|3,394|204,671|162,308| ||||||Group|Group|Town|Trust| |---|---|---|---|---|---|---|---|---| |8|Expenditure|on raising funds|||Total funds|Total funds|Total funds|Total funds| ||||||2022|2021|2022|2021| |||||||6||6| ||Investment
Fund Managers'|||Fees|86,968|91,018|10,533|11,351| ||Property expenses||||1,133,660|825,741||| ||Support costs|(note 10)|||203,634|174,561||| ||Services to Guild Estate (note 10)||||||156,160|130,621| ||Services to College Estate (note 10)||||||97,462|79,254| ||||||1,424,262|1,091,320|264,155|221,226| ||||||Group||Town|Trust| ||||||Total funds|Total funds|Totalfunds|Totalfunds| ||||||2022|2021|2022|2021| |9|Expenditure|on charitable||activities|6|f|6|6| ||Grant Making|||||||| ||Discretionary|Grants|||859,844|580,749|859,844|580,749| ||Foundation
House||||159,674|180,371|159,674|180,371| ||Non-Discretionary||Grants|||||| ||King Edward|Vl School|||585,598|550,454||| ||Almshouses
Maintenance||||48,554|46,239||| ||Holy Tdnity Church||||7,000|7,000||| ||Grant Making|Support Costs||(note 10)|286,286|239,915|293,719|249,198| ||||||1,946,956|1,604,728|1,313,237|1,010,318| ||Play House|||||||| ||Direct venue|costs|||37,288|42,288|37,288|42,288| ||Support costs (note 10)||||17,974|13,530|17,983|13,548| ||||||55,262|55,818|55,271|55,836| ||Other activities|||||||| ||Bandstand||||1,664|(1,528)|1,664|(1,528)| ||800eAnniversary||Fountain||25,977|9,528|25,977|9,528| ||Guild Chapel||||74,209|81,482||| ||Support Costs (note 10)||||49,594|41,874|13,545|11,257| ||||||151,444|131,356|41,186|19,257| ||Total||||2,153,662|1,791,902|1,409,694|1,085,411| |||m
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2|co|||||||||||||||||| |||Group||Town|Trust| |---|---|---|---|---|---| |||2022|2021|2022|2021| ||||E|E|K| |15|Fixed asset investments||||| ||Investment
properties|35,306,100|35,456,100||| ||Quoted investments|21,102,182|22,903,855|2,463,740|2,243,949| ||Short term deposits|400,000||200,000|| ||Cash awaiting
investment|115,844|6,068|5,003|24| |||56,924,126|58,366,023|2,668,743|2,243,973| ||Investment
properties:||||| ||Market value at 1 January 2022|35,456,100|35,556,100||| ||Net sale proceeds|(378,002)|||| ||Gain on disposal|(21,998)|||| ||Revaluation
gains
/ (losses)|250,000|(100,000)||| ||Market value at 31 December 2022|35,306,100|35,456,100||| ||Cost or donated
value at 31||||| ||December 2022|6,188,209|6,588,209||| ||Quoted investments:||||| ||Market value at 1 January 2022|22,903,855|21,065,012|2,243,949|2,117,002| ||Additions at cost|983,000|53,789|600,000|17,972| ||Sale proceeds|(109,775)||(4,979)|| ||Investment
(losses) / gains|(2,674,898)|1,785,054|(375,230)|108,975| ||Market value at 31 December 2022|21,102,182|22,903,855|2,463,740|2,243,949| ||Historical cost at 31 December 2022|16,092,018|15,219,018|2,225,372|1,630,351| |15|Fixed asset investments|Fixed asset investments|Fixed asset investments|(continued)|(continued)|Group||Town|Trust| |---|---|---|---|---|---|---|---|---|---| |||||||2022|2021|2022|2021| |||||||6|E|E|E| ||(Losses) Igains on unrestricted||||funds||||| ||Quoted|investments||||(438,110)|184,408|(375,230)|108,975| |16|Debtors: amounts
falling|||due within one||Group||Town|Trust| ||year||||||||| |||||||2022
E|2021f|2022
E|2021
6| ||Amounts|falling due within||one year:|||||| ||Rents|||||277,767|322,546|12,126|5,864| ||Prepayments||and accrued|income||171,238|140,797|48,664|37,006| ||Other debtors|||||28,220|26,837||| ||Amount|due from Guild Estate||||||76,569|170,764| ||Amount|due from College||Estate||||3,700|| |||||||477,225|490,180|141,059|213,634| |||||||Group||Town|Trust| |||||||2022|2021|2022|2021| |||||||E|6|K|K| |17|Creditors: amounts
falling|||due within one|||||| ||year||||||||| ||Deferred|income||||1,234,422|1,181,888|174|3,254| ||Trade creditors|||||85,727|121,742|16,589|23,839| ||Grants payable (note 23)|||||721,074|617,484|630,885|455,985| ||Accruals|||||1,325,008|1,010,447|90,568|79,204| ||Other creditors|||||10,289|42,616|10,290|42,616| ||Other taxation||and social security|||145,432|168,902|27,424|22,008| ||Pension|||||3,589|3,466|3,589|3,466| ||Amount|owed|to Guild Estate||||||| ||Amount|owed|to College Estate||||||95,090| |||||||3,525,541|3,146,545|779,519|725,462| |||||||Group|||| |||||||2022|2021||| |||||||6|K||| ||Included|within|accruala are the||||||| ||following|fees|payable to the auditor||for:||||| ||Statutory|audit|||||||| ## |Deferred|income reconciliation||Group||Town|Trust| |---|---|---|---|---|---|---| |||2022||2021|2022|2021| |||6||6|E|8| |At 1 January 2022||1,181,888||1,298,235|3,254|69,410| |Released|dudng the year|(499,047)||(609,536)|(3,254)|(69,410)| |Deferred|in the cunent year|486,581||493,189|174|3,254| |At 31 December 2022||1,169,422||1,181,888|174|3,254| |||Fund|Income|Expenditure|Gains and|Fund|| |---|---|---|---|---|---|---|---| |Fund Name||Balances|||Losses|Balances|| |2022||31 December||||31 December|| |||2021||||2022|| |||6||||8|| |Unrestricted|Funds|4,800,072|3,550,370|(3,577,924)|(152,110)|4,620,408|| |Permanent|||||||| |Endowment|Funds|54,956,635|||(2,008,786)|52,947,849|| |Total Funds||59,756,707|3,550,370|(3,577,924)|(2,160,896)|57,568,257|| |||Fund|||Reclass-||Fund| |Fund Name||Balances|Income|Expenditure|ification of|Gains and|Balances| |2021||31 December|||Reserves|Losses|31 December| |||2020|||||2021| |||E|||E||6| |Unrestricted|Funds|3,282,406|3,558,480|(2,883,222)|300,000|542,408|4,800,072| |Permanent|Endowment|53,755,991|||(300,000)|1,500,644|54,956,635| |Funds|||||||| |Total Funds||57,038,397|3,558,480|(2,883,222)||2,043,052|59,756,707| |19|Analysis ofgroup|Analysis ofgroup|Unrestricted|Unrestricted|Endowment|Endowment|Endowment|Total|Total| |---|---|---|---|---|---|---|---|---|---| ||net assets||Funds|Funds||funds|funds|2022|2021| ||betweenfunds||2022|2021||2022|2021||| ||||E|E||E|E||| ||Fixed assets||||||||| ||Fixed asset||1,580,673|1,629,711||||1,580,673|1,629,711| ||Investments||3,904,638|3,342,747|53,019,488||55,023,276|56,924,126|58,366,023| ||Current assets||2,588,999|3,209,518||||2,588,999|3,209,518| ||Current
liabilities||(3,453,902)|(3,079,904)||(71,639)|(66,641)|(3,525,541)|(3,146,545)| ||Defined benefit|||(302,000)|||||(302,000)| ||pension scheme||||||||| ||asset/
liability||||||||| ||||4,620,408|4,800,072|52,947,849||54,956,635|57,568,257|59,756,707| |20|Analysis ofgroup funds between||||Guild||College|Town|| ||charities 2022||||Endowment||Endowment|Trust|Total| ||||||E||E|E|E| ||Capital funds||||||||| ||Endowment
funds||||36,563,709||16,384,140||52,947,849| ||Unrestdicted
funds||||||||| ||General funds|||||||2,655,072|2,655,072| ||Designated
Funds"|||||||1,518,733|1,518,733| ||Other charitable|funds|||102,853||343,750||446,603| ||Pension reserve||||||||| ||||||36,666,562||16,727,890|4,173,805|57,568,257| ||Analysis ofgroup funds between||||Guild||College|Town|| ||charities 2021||||Endowment||Endowment|Trust|Total| ||||||E||E|E|E| ||Capital funds||||||||| ||Endowment
funds||||37,578,647||17,377,988||54,956,635| ||Unrestricted
funds||||||||| ||General funds|||||||2,736,741|2,736,741| ||Designated
Funds"||||||200,000|1,656,174|1,856,174| ||Other charitable|funds|||102,853||406,304||509,157| ||Pension reserve|||||||(302,000)|(302,000)| ||||||37,681,500||17,984,292|4,090,915|59,756,707| ## |Designated|Designated|funds|||2022|2021| |---|---|---|---|---|---|---| ||||||E|6| |Play House||building|||1,218,733|1,256,021| |Foundation||House leasehold||improvements||153| |Foundation||House ongoing||costs|100,000|200,000| |Foundation||House future|proofing||100,000|100,000| |Participatory||grant making|||100,000|100,000| |Riverside|project|||||200,000| ||||||1,518,733|1,856,174| ## ## ||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |Total Discretionary
Grants||||||||||Group &Town Trust|| |||||||||||2022|2021| |To relieve need, hardship,
distress,||sickness, disability,
old age|||and||||384,404||233,660| |infirmity
among
beneficiaries|||||||||||| |To provide or support the provision||offacilities for education||for|||||212,215||184,435| |beneficiaries,
including
the advancement|||of learning
and knowledge||||||||| |To provide or support facilities for||recreation
and other leisure-time|||||||213,123||134,908| |occupation|||||||||||| |To support civic pride||||||||||24,132|7,240| |To support citizenship
and community||||||||||24,985|20,230| |Other charitable
purposes||||||||||985|276| ||||||||||859,844||580,749| |Although
for accounting
purposes,||grants|have each been allocated|||to one object,||||many awards|do meet two| |or even three objects.|||||||||||| |Discretionary
Grants 620,000 or|||Group 8 Town Trust||||||||| |greater|||||||||||| ||||||||||||2022| |Beneficiary|||Purpose ofgrant||||||||| |Play House*|||Running
costs 8 support|||ofcommunity||||events|125,000| |Citizens Advice South Warwickshire"|||Core funding
&management||||support||||120,937| |The Parenting
Project|||Family wellbeing|pathway||delivery|||with|families|44,803| |Strafford upon Avon School|||Schools grant||||||||38,849| |The Myton Hospices|||Core costs for Strafford residents||||||||35,000| |The Shakespeare
Hospice|||Core costs for Strafford residents||||||||35,000| |Refuge (Strafford)'|||Support for survivors||ofdomestic|||abuse|||32,000| |Young Minds Matter|||1:1Mentoring
in schools|||for young|||people||29,896| |Spring Housing Association*|||Strafford
Housing|Plus Centre|||||||25,000| |VASA|||Core costs for community|||transport|||and|activities to|| ||||reduce isolation||||||||22,000| |Orchestra ofthe Swan|||Cafe Muse||||||||21,405| |Domestic Abuse Counselling
Service
Support for Dada' ofchildren
with
* This beneficiary was in receipt ofa grant awarded
to support a multi-year||||||||special needs
programme.|||20,000| |Reconciliation
ofgrants|payable||||||||||| ||||||||||Group||Group| ||||||||||2022||2021| |||||||||||8|6| |Commitments
31 December 2021|||||||||617,484||539,190| |Commitments
made
in the period and payable|||||||||1,500,326||1,184,442| |Grants paid during the period|||||||||(1,396,736)||(1,106,148)| |Commitments
31 December 2022|||||||||721,074||617,484| ## ## |ffect on the deter|mination
ofthe contribution
levels|are as follows:|| |---|---|---|---| |Latest actuarial|valuation|31|March 2019| |Actuarial
method||Projected|Unit credit method| |Investment
returns
per annum|||3.7%| |Pension increases
per annum|||2.3%| |Salary increases|per annum||2.3%| |Market value of|assets at date oflast valuation|81,574,000|| ## ## |||2022|2021| |---|---|---|---| |||E'000|E'000| |Market|value ofassets|2,072|2,149| |Liabilities||(1,516)|(2,451)| |Surplus|/ (deficit)*|556|(302)| |Analysis ofamounts
charged to the statement|Analysis ofamounts
charged to the statement|of|2022|2021| |---|---|---|---|---| |financial
activities|||K'000|6'000| |Current service cost|||48|49| |Operating
charge|||(48)|(49)| |Analysis of net return on pension assets||||| |Expected return
on pension|scheme assets||41|24| |Interest on pension
liabilities|||(47)|(33)| |Net return|||(6)|| |Actuarial
gains and losses||||| |Asset (loss) / gain|||(160)|326| |Liability gain|||1,002|43| |Net gain*|||842|369| |*Only recognised
gain off286,000 in the accounts||as surplus|not recognised.|| ||||2022|2021| |Movement
in deficit during|the year||E'000|E'000| |Deficit at beginning
ofyear|||(302)|(671)| |Current service cost|||(48)|(49)| |Employer
contributions|||70|69| |Net returns
on assets|||(6)|(9)| |Actuarial
gain|||842|358| |Surplus
/ (deficit) at end ofyear*|||556|(302)| |*Not recognised
surplus
on|balance sheet|||| ## ## ||||Group||Towii|Trust| |---|---|---|---|---|---|---| ||||2022|2021f|2022
8|2021| |Not later than||1 year|2,125,274|1,878,250|4,086|5,250| |Later than|1 year but not later than||7,163,953|6,729,754||21,000| |5years||||||| |Later than|5years||50,001,019|51,414,405||1,313| |minimum|le|ase payments
under non-cancell|able
operating
leases are:|able
operating
leases are:| |---|---|---|---|---| ||||Group &Town Trust|| ||||2022
f|2021
8| |No later than||1 year|34,384|71,519| |Later than|1|year but not later than 5years||286,076| |Later than|5|years||35,760| ## ##