| Page | ||||
|---|---|---|---|---|
| Directors' Report |
1 -3 | |||
| Independent | Examiner's | Report | ||
| Statement of | Financial | Activities | ||
| Balance Sheet | 6-7 | |||
| Notes to the Financial | Statements | 8- 1S |
| 1102736 | ||
|---|---|---|
| 5009290 | ||
| PO Box7228 | ||
| 20 Cavendish | Dnve | |
| Stourbridge | ||
| England | ||
| DYB9FZ | ||
| Mrs D Mabbett | (Chairperson) | |
| Mrs LTrevethick |
(Vice Chairperson) | |
| Mr J Holmes | (Hon. Treasurer) | |
| Mrs YJ Brown | ||
| Mr D Morgan | (resigned 31/03/2022) | |
| Mr P Norman |
| Mrs TSoden | |
|---|---|
| Mr P Smith ACA | |
| J W Hinks LLP |
|
| Chartered Accountants |
|
| 19Highfield Road |
|
| Edgbaston | |
| Birmingham | |
| West Midlands 8153BH | |
| CAF Bank Ltd | |
| P0 Box289 | |
| West Mailing | |
| Kent ME194TA | |
| The Wilkes Partnership | Solicitors |
| 41Church Street | |
| Birmingham 83 2RT |
|
| Quilter Cheviot | |
| Two Snowhill | |
| Birmingham 846GA |
| Permanent | ||||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | endowment | 2022 | 2021 | ||||
| Notes | Funds | Funds | Funds | Total | Total | |||
| f | f | f | E | f | ||||
| Income and endowments | ||||||||
| Donations and legacies |
2 | 1,000 | 1,000 | |||||
| Investment income |
3 | 61,389 | 6,478 | 67,867 | 72,821 | |||
| Total income | 62,389 | 6,478 | 68,867 | 72,821 | ||||
| Expenditure | ||||||||
| Costs of raising funds | ||||||||
| Investment management |
costs | 6,093 | 6,093 | 5,697 | ||||
| Charitable activities |
||||||||
| Grants | 6 | 48,660 | 1,982 | 50,642 | 64,590 | |||
| Support Costs | 6 | 9,621 | 9,621 | 9,353 | ||||
| Total expenditure | 58,281 | 1,982 | 6,093 | 66,356 | 79,640 | |||
| Net income/(expenditure) | for the year | |||||||
| before investment gains and transfers |
4,108 | 4,496 | (6,093) | 2,511 | (6,819) | |||
| Transfers between funds |
11 | (6,093) | 6,093 | |||||
| Net income/(expenditure) | ||||||||
| before investment gains |
and losses | (1,985) | 4,496 | 2,511 | (6,819) | |||
| Realised and unrealised | gains | 9 | 5,817 | 2,074 | 146,100 | 153,991 | 127,245 | |
| on investments | ||||||||
| Net movement on funds |
3,832 | 6,570 | 146,100 | 156,502 | 120,426 | |||
| Reconciliation offunds | ||||||||
| Fund balances at 1April | 2021 | 57,456 | 168,524 | 1,194,284 | 1,420,264 | 1,299,838 | ||
| Fund balances at 31March 2022 | 61,288 | 175,094 | 1,340,384 | 1,576,766 | 1,420,264 |
| BALANCE | BALANCE | SHEET | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Company | No:05009290 | ||||||||||||
| as | at 31 | March 2022 | |||||||||||
| Notes | 2022 | 2022 | 2021 | 2021 | |||||||||
| E | E | E | |||||||||||
| Fixed assets | |||||||||||||
| Investments | 1,544,505 | 1,394,757 | |||||||||||
| Current assets | |||||||||||||
| Cash at bank | and | in | hand | 33,221 | 26,467 | ||||||||
| 33,221 | 26,467 | ||||||||||||
| Creditors: Amounts | falling due | ||||||||||||
| within one | year | 10 | (960) | (960) | |||||||||
| Net current | assets | 32,261 | 25,507 | ||||||||||
| Net assets | 1,576,766 | 1,420,264 | |||||||||||
| Reserves | |||||||||||||
| Restricted funds | |||||||||||||
| Permanent | Endowment | fund | 13 | 1,340,384 | 1,194,284 | ||||||||
| Frances Lyn |
Bettridge | ||||||||||||
| Memorial Trust |
fund | 12/13 | 175,094 | 168,524 | |||||||||
| Unrestricted | funds | ||||||||||||
| General fund | 18,761 | 17,282 | |||||||||||
| Ann Edgington | Griffiths | fund | 42,527 | 40,174 | |||||||||
| 1,576,766 | 1,420,264 |
| 2022 | 2021 |
|---|---|
| E | E |
| 1,000 |
| Investment | income | Unrestricted | Restricted | Endowment | 2022 | 2021 |
|---|---|---|---|---|---|---|
| funds | funds | funds | Total | Total | ||
| E | E | f | f | E | ||
| Quoted fixed asset investments | 61,389 | 6,478 | 67,867 | 72,821 |
| Permanent | |||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | endowment | 2021 | ||
| Funds | Funds | Funds | Total | ||
| f | f | f | f | ||
| Income and endowments | |||||
| Donations and legacies |
|||||
| Investment income |
68,115 | 4,706 | 72,821 | ||
| Total income | 68,115 | 4,706 | 72,821 | ||
| Expenditure | |||||
| Costs of raising funds | |||||
| Investment management |
costs | 5,697 | 5,697 | ||
| Charitable activities |
|||||
| Grants awarded | 57,985 | 6,605 | 64,590 | ||
| Support Costs | 9,353 | 9,353 | |||
| Total expenditure | 67,338 | 6,605 | 5,697 | 79,640 | |
| Net income/(expenditure) | for the year | ||||
| before investment gains |
and transfers | 777 | (1,899) | (5,697) | (6,819) |
| Transfers between funds |
(5,697) | 5,697 | |||
| Net income/(expenditure) | |||||
| before investment gains |
and losses | (4,920) | (1,899) | (6,819) | |
| Realised and unrealised | gains/ | 11,122 | 26,647 | 89,476 | 127,245 |
| (losses) on investments | |||||
| Net movement on funds |
6,202 | 24,748 | 89,476 | 120,426 | |
| Reconciliation offunds |
|||||
| Fund balances at 1April | 2020 | 51,254 | 143,776 | 1,104,808 | 1,299,838 |
| Fund balances at 31March 2021 | 57,456 | 168,524 | 1,194,284 | 1,420,264 |
| 5 | Investment | management | costs | 2022 | 2021 |
|---|---|---|---|---|---|
| E | E | ||||
| Commissions | and contract charges | 6,093 | 5,697 | ||
| 6 | Charitable activities |
||||
| Grant making | activities | ||||
| 2022 | 2021 | ||||
| E | E | ||||
| Grants | |||||
| Grants awarded (2022:23 in number, 2021:37 in number) | 51,642 | 64,590 | |||
| Grant returned | ~1000 | ||||
| 50,642 | 64,590 | ||||
| Support costs | |||||
| Trust administration | 7,427 | 7,421 | |||
| Governance costs (note 8) |
2,194 | 1,932 | |||
| Grant making | activities | 60,263 | 73,943 |
| Governance | costs | 2022 | 2021 | ||
| E | E | ||||
| Independent | examination | fee | 960 | 960 | |
| Directors' professional | liability insurance | 1,117 | 873 | ||
| Other administration | costs | 117 | 99 | ||
| 2,194 | 1,932 |
| Investments | |||
|---|---|---|---|
| Total | Total | ||
| 2022 | 2021 | ||
| f | f | ||
| Quoted Investments | |||
| Market value at 1April 2021 | 1,390,271 | 1,228,878 | |
| Additions | 130,514 | 304,037 | |
| Proceeds ofdisposals | (135,684) | (269,889) | |
| Gains/(loss) on revaluations |
and disposals | 153,991 | 127,245 |
| Market value at 31March 2022 | 1,539,092 | 1,390,271 | |
| Cash on deposit held by investment | |||
| managers | 5,413 | 4,486 | |
| Total Investments at 31March 2022 |
1,544,505 | 1,394,757 | |
| Historic cost | 1,283,548 | 1,270,495 | |
| UK equities | 626,851 | 527,523 | |
| UK fixed interest securities | 68,047 | 95,773 | |
| Overseas Equities |
238,044 | 210,327 | |
| Overseas fixed interest securities | 80,529 | 123,564 | |
| Alternative investments |
525,621 | 433,084 | |
| Market value at 31March 2022 | 1,539,092 | 1,390,271 |
| 10 | Creditors: | amounts | falling | due | within | one | year | 2022 | 2021 |
|---|---|---|---|---|---|---|---|---|---|
| E | |||||||||
| Accruals | 960 | 960 | |||||||
| 960 | 960 |
| Ann Edgington | ||||||
|---|---|---|---|---|---|---|
| Griffiths | General | Total | ||||
| fund | fund | 2022 | ||||
| E | E | E | ||||
| Balance at 1April 2021 | 40,174 | 17,282 | 57,456 | |||
| Net income for the year before transfers | (3,464) | 7,572 | 4,108 | |||
| Transfer to permanent endowment |
fund | (6,093) | (6,093) | |||
| Unrealised gains on investments |
5,817 | 5,817 | ||||
| Balance at 31March 2022 | 42,527 | 18,761 | 61,288 | |||
| 12 | Restricted Income funds | |||||
| Frances Lyn Bettridge Memorial Trust | Fund | |||||
| Balance at 1April 2021 | 168,524 | |||||
| Net gain for the year before unrealised | gains | 4,496 | ||||
| Unrealised gains on investments |
2,074 | |||||
| Balance at 31March 2022 | 175,094 |
| Permanent | |||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | endowment | Total | Total | |
| funds f |
fund f |
fund f |
2022f | 2021 f |
|
| Investments | 29,027 | 175,094 | 1,340,384 | 1,544,505 | 1,394,757 |
| Net current assets/(liabilities) | 32,261 | 32,261 | 25,507 | ||
| 61,288 | 175,094 | 1,340,384 | 1,576,766 | 1,420,264 |