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|||||Page|
|---|---|---|---|---|
|Directors'
Report||||1 -3|
|Independent|Examiner's||Report||
|Statement of|Financial|Activities|||
|Balance Sheet||||6-7|
|Notes to the Financial||Statements||8- 1S|
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|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||
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||||||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|
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|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|
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|||||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|
##
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||||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|
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