```
REGISTERED COMPANY NUMBER: 06660648 (England and Wales)
REGISTERED CHARITY NUMBER: 1125937
```
## **`REPORT OF THE TRUSTEES AND`**
## **`UNAUDITED FINANCIAL STATEMENTS`**
```
FOR THE YEAR ENDED 31 DECEMBER 2021
```
## **`FOR`**
```
THE HELEN JEAN COPE CHARITY
```
```
Duncan & Toplis Limited
3 Princes Court
Royal Way
Loughborough
Leicestershire
LE11 5XR
```
```
THE HELEN JEAN COPE CHARITY
```
```
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
```
||**`Page`**|
|---|---|
|**`Report of the Trustees`**|`1 to 4`|
|**`Independent Examiner's Report`**|`5`|
|**`Statement of Financial Activities`**|`6`|
|**`Balance Sheet`**|`7 to 8`|
|**`Notes to the Financial Statements`**|`9 to 21`|
```
THE HELEN JEAN COPE CHARITY (REGISTERED NUMBER: 06660648)
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021`**
```
ThetrusteeswhoarealsodirectorsofthecharityforthepurposesoftheCompaniesAct2006,presenttheir report
withthefinancialstatementsofthecharityfortheyearended31December2021.Thetrusteeshaveadopted the
provisionsofAccountingandReportingbyCharities:StatementofRecommendedPracticeapplicableto charities
preparingtheiraccountsinaccordancewiththeFinancialReportingStandardapplicableintheUKandRepublic of
Ireland (FRS 102) (effective 1 January 2019).
```
## **`OBJECTIVES AND ACTIVITIES`**
## **`Objectives and aims`**
```
Theobjectsofthecharityaretodistributethecharity'sassetstolocalcharitablecauseswhichmustbe registered
charities.
```
## **`Public benefit`**
```
The trustees have paid due regard to guidanceissued by the CharityCommissionin decidingwhat activitiesthe charity
should undertake.
```
```
The objectives and everything the charity does is for the public benefit.
```
## **`Grantmaking`**
```
The grant policy is to:-
```
- `give donations to registered charities only.`
- `not to give to individuals.`
- `not to make any permanent on-going commitment to any one charity.`
- `to consider repeat applications on their merit and in the light of the financial position at that time.`
- `consider applications from non-local charities on their merit.`
## **`ACHIEVEMENT AND PERFORMANCE`**
## **`Charitable activities`**
```
The charity has distributed 52 (2020: 53) grants to charities during the period.
```
## **`FINANCIAL REVIEW`**
## **`Financial position`**
```
The total expenditure during the period was £107,734 (2020: £108,153).
```
```
Thecharityhastotalfundscarriedforwardof£6,901,410(2020:£3,867,439)whichwillbeusedtocontinue meeting
the charity's objectives.
```
## **`Investment policy and objectives`**
```
TheConstitutionauthorisethetrusteestomakeandholdinvestmentsusingtheassetsofthecharity.The trustees
haveenteredintoadiscretionarymanagementagreementoftheinvestmentportfoliowithCharlesStanley and
CompanyLtd.Duringtheperiodthetrusteesaskedthebrokerstotakeintoaccountanysocial,environmental or
ethical considerations when managing the portfolio.
```
```
Theoverallvalueofthecharity'slistedandunlistedinvestmentsincreasedby£288,614duringtheyear. Gross
dividendsreceivedintheperiodamountedto£61,951(2020:£45,649).Thetrusteeshaveconsideredtheriskof the
pandemic on the investments as noted in this report.
```
```
Page 1
```
```
THE HELEN JEAN COPE CHARITY (REGISTERED NUMBER: 06660648)
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021`**
## **`FINANCIAL REVIEW`**
## **`Reserves policy`**
```
TheCharity'sunrestrictedfundsaremainlyinvestedinstocksandshares.TheCharitydoesnotsolicitdonations or
receiveanygrants,nordoesitprovidecontinuedfundingtoanyorganisations.Thelikelihoodofashortfall arising
meaningthatareserveisnecessaryisconsideredsolowthattheTrusteesbelievethattheCharity'sreservescan be
set at a level to simplycover the contractualexpensesof the Charityrelatingto its continuedoperationswhichare as
follows:
```
- `a) Lease of the office premises (maximum commitment of three years) b) Public Liability and office Insurance`
- `c) Salary of part time Administrator`
- `d) Fees payable to professional advisers`
- `e) General administration costs`
- `f) Such other expenditure as the Trustees may from time to time consider necessary for the operation of the Charity`
```
The Trusteeshave resolvedthata sum sufficientto coverthreeyearsexpensesshallat all times be reservedfrom the
assets of the Charity or until such time as the Charity shall come to an end.
```
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
TheHelenJeanCopeCharityisacharitablecompanylimitedbyguaranteeandregisteredinEnglandand Wales
Number: 06660648.
```
## **`Charity constitution`**
```
The charitablecompanywas incorporatedon 30 July 2008 and registeredunder the number1125937with the Charity
Commission.The companytookover the assetsandoperationsof the charity"The HelenJean CopeTrust"which was
removedasa charity.ThetrusteesofthecharitywerethesameasthetrusteesofTheHelenJeanCopeTrust. These
wereoriginallytwooftheexecutorsnamedinthewillofMissHelenJeanCopeplusthreeadditionaltrustees that
were appointedin accordancewiththe discretionconferredby the willto the executors.Appointmentof any further
trusteesisnowatthediscretionofexistingtrusteesandinaccordancewiththeMemorandumandArticles of
Association.
```
```
Noneof the trusteeshas anybeneficialinterestin the company.All of the trusteesare membersof the company and
guarantee to contribute £1 in the event of winding up.
```
## **`Organisational structure`**
```
Thecharityisrunbysixtrusteeswhomeetonaregularbasisandconsiderapplicationsforgrants.Applications for
grantsarereceivedfromregisteredcharitiesintheUnitedKingdomwhohearaboutthecharitybywayofarticles in
local newspapers and also National Charities Register. Information regarding the charity is also held in local libraries.
```
```
The tenanted land and buildings are administered by the managing agents, E A Lane and Sons.
```
```
Page 2
```
```
THE HELEN JEAN COPE CHARITY (REGISTERED NUMBER: 06660648)
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021`**
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Risk management`**
```
Thetrusteeshaveassessedthemajorriskstowhichthecharityisexposed,arearesatisfiedthatthesystemsare in
place to mitigate exposure to the major risks.
```
## **`Covid-19`**
```
TherehasbeenaglobalpandemicfromtheoutbreakofCovid-19.Thepotentialimpactofthisbecamesignificant in
March2020andithascausedwidespreaddisruptiontoallaspectsofeconomic,socialandcharitableactivity across
the world, including the UK.
```
```
The trusteeshave consideredthe impact of Covid and have taken steps to ensure the wellbeingof themselves and the
clerk,and,as faras is practicable,themaintenanceof itscharitableactivities.Theyconsiderthatalthoughthe values
of listed investmentsfell in 2020, these have recoveredin 2021, thereforethe trusteesare satisfiedthat Covid has not
had a significant impact on the long-term financial viability of the charity.
```
```
Thetrusteesareconfidentthatthecharityisinapositiontocontinuetomanagethesituationwhileworking to
mitigate the risks presented where possible.
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number`**
```
06660648 (England and Wales)
```
## **`Registered Charity number`**
```
1125937
```
## **`Registered office`**
```
1 Woodgate
Loughborough
Leicestershire
LE11 2TY
```
## **`Trustees`**
```
Miss L A Brydson (Retired Solicitor)
Mr G S Freckelton (Chartered Surveyor)
Mr A Roberts (Retired Solicitor)
Mr J M Carrington (Managing Director)
Mr A J Benskin (Solicitor)
Mr M G Freckelton (Director)
```
## **`Company Secretary`**
```
Mr J M Carrington
```
## **`Independent Examiner`**
```
Niall Kingsley ACA
Chartered Accountant
Duncan & Toplis Limited
3 Princes Court
Royal Way
Loughborough
Leicestershire
LE11 5XR
```
```
Page 3
```
```
THE HELEN JEAN COPE CHARITY (REGISTERED NUMBER: 06660648)
```
## **`REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021`**
## **`REFERENCE AND ADMINISTRATIVE DETAILS`**
## **`Solicitors`**
```
Fieldings Porter
Silverwell House
Silverwell Street
Bolton
BL1 1PT
```
## **`Bankers`**
```
HSBC Bank plc
P O Box 13
41 Market Place
Loughborough
Leicestershire
LE11 3EJ
```
## **`Investment advisors`**
```
Charles Stanley and Company Limited
25 Luke Street
London
EC2A 4AR
```
## **`Land agents`**
```
E A Lane and Sons
100 Regent Road
Leicester
LE1 7DG
```
```
This reporthas been preparedin accordancewith the specialprovisionsof Part 15 of the CompaniesAct 2006 relating
to small companies.
```
```
Thefinancialstatementswereapprovedandauthorisedforissuebyorderoftheboardoftrustees on
............................................. and signed on its behalf by:
```
```
........................................................................
```
```
Mr G S Freckelton - Trustee
```
```
Page 4
```
## **`INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE HELEN JEAN COPE CHARITY`**
## **`Independent examiner's report to the trustees of The Helen Jean Cope Charity ('the Company')`**
```
IreporttothecharitytrusteesonmyexaminationoftheaccountsoftheCompanyfortheyear ended
31 December 2021.
```
## **`Responsibilities and basis of report`**
```
As the charity'strusteesof the Company(andalsoits directorsfor the purposesof companylaw)youare responsible
for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
```
```
Having satisfiedmyself that the accountsof the Companyare not requiredto be auditedunder Part 16 of the 2006 Act
andareeligibleforindependentexamination,Ireportinrespectofmyexaminationofyourcharity'saccounts as
carriedoutundersection145oftheCharitiesAct2011('the2011Act').IncarryingoutmyexaminationI have
followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
```
## **`Independent examiner's statement`**
```
Ihavecompletedmyexamination.Iconfirmthatnomattershavecometomyattentioninconnectionwith the
examination giving me cause to believe:
```
`1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or`
`3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or`
`4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).`
```
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationtowhich attention
should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
```
```
Niall Kingsley ACA
Chartered Accountant
Duncan & Toplis Limited
3 Princes Court
Royal Way
Loughborough
Leicestershire
LE11 5XR
```
```
Date: .............................................
```
```
Page 5
```
```
THE HELEN JEAN COPE CHARITY
```
## **`STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2021`**
|`Notes`
**`INCOME AND ENDOWMENTS FROM`**
`Investment income`
`3`
`Other income`
`4`
**`Total`**
**`EXPENDITURE ON`**
**`Raising funds`**
`Investment management costs`
`5`
**`Charitable activities`**
`6`
`Charitable activities`
**`Total`**
`Net gains/(losses) on investments`
**`NET INCOME/(EXPENDITURE)`**
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
**`TOTAL FUNDS CARRIED FORWARD`**|`2021`
`Unrestricted`
`funds`
`£`
`86,620`
`75,000`
`161,620`
`15,284`
`15,284`
`92,450`
`107,734`
`2,980,085`
`3,033,971`
`3,867,439`
`6,901,410`|`2020`
`Total`
`funds`
`£`
`70,365`
`3,008`
`73,373`
`12,944`
`12,944`
`95,209`
`108,153`
`(334,503)`
`(369,283)`
`4,236,722`
`3,867,439`|
|---|---|---|
```
The notes form part of these financial statements
```
```
Page 6
```
## **`THE HELEN JEAN COPE CHARITY (REGISTERED NUMBER: 06660648)`**
## **`BALANCE SHEET`**
## **`31 DECEMBER 2021`**
|`Notes`
**`FIXED ASSETS`**
`Tangible assets`
`15`
**`Investments`**
`Investments`
`16`
`Investment property`
`17`
**`CURRENT ASSETS`**
`Debtors`
`18`
`Cash at bank`
**`CREDITORS`**
`Amounts falling due within one year`
`19`
**`NET CURRENT ASSETS`**
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
**`NET ASSETS`**
**`FUNDS`**
`21`
`Unrestricted funds:`
`General fund`
`Fair Value Reserve`
**`TOTAL FUNDS`**|`2021`
`Unrestricted`
`funds`
`£`
`649`
`2,343,584`
`4,406,050`
`6,750,283`
`4,708`
`154,070`
`158,778`
`(7,651)`
`151,127`
`6,901,410`
`6,901,410`
`3,800,360`
`3,101,050`
`6,901,410`
`6,901,410`|`2020`
`Total`
`funds`
`£`
`68`
`2,054,970`
`1,725,500`
`3,780,538`
`4,594`
`89,141`
`93,735`
`(6,834)`
`86,901`
`3,867,439`
`3,867,439`
`3,446,939`
`420,500`
`3,867,439`
`3,867,439`|
|---|---|---|
```
The charitablecompanyis entitledto exemptionfrom audit under Section477 of the CompaniesAct 2006 for the year
ended 31 December 2021.
```
```
Themembershavenotrequiredthecompanytoobtainanauditofitsfinancialstatementsfortheyear ended
31 December 2021 in accordance with Section 476 of the Companies Act 2006.
```
```
The trustees acknowledge their responsibilities for
```
- `(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and`
- `(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.`
```
The notes form part of these financial statements
```
```
continued...
```
```
Page 7
```
## **`THE HELEN JEAN COPE CHARITY (REGISTERED NUMBER: 06660648)`**
## **`BALANCE SHEET - continued`**
## **`31 DECEMBER 2021`**
```
Thesefinancialstatementshavebeenpreparedinaccordancewiththeprovisionsapplicabletocharitable companies
subject to the small companies regime.
```
```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
............................................. and were signed on its behalf by:
```
```
.............................................
Mr G S Freckelton - Trustee
```
```
The notes form part of these financial statements
```
```
Page 8
```
```
THE HELEN JEAN COPE CHARITY
```
## **`NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021`**
## **`1. GENERAL INFORMATION`**
```
TheHelenJeanCopeCharityis a privateCharitableCompanyLimitedbyGuaranteeregisteredinEngland and
Wales.Thecharity'sregisterednumberis1125937andtheCompanyregistrationnumberis06660648. The
registered office and principal address of the charity is 1 Woodgate, Loughborough, Leicestershire, LE11 2TY.
```
```
The financialstatementsarepresentedinsterlingwhichis thefunctionalcurrencyof thecharityand rounded
to the nearest £.
```
```
Thesignificantaccountingpoliciesappliedinthepreparationofthesefinancialstatementsaresetout below.
These policies have been consistently applied to all years presented unless otherwise stated.
```
```
The financial statements cover the individual entity.
```
```
The entity constitutes a public benefit entity as defined by FRS 102.
```
## **`Covid-19 and Going Concern`**
```
TherehasbeenaglobalpandemicfromtheoutbreakofCovid-19.ThepotentialimpactofCovid-19 became
significantinMarch2020andcausedwidespreaddisruptiontoallaspectsofeconomic,socialand charitable
activity across the world, including the UK.
```
```
Althoughthevalueoflistedinvestmentsfellin2020withtheuncertaintysurroundingthepandemic, the
trusteesregularlyreviewtheinvestmentsportfolioandaresatisfiedthatthesehaverecoveredsomewhat in
2021.Therefore,theyconsiderthatthecharityhassufficientcashreservesandis ina positiontocontinue to
manage the situationand that there will be no lastinglong-termimpacton the value of listed investmentsas a
result of Covid.
```
```
Itisonthisbasisthatthetrusteesconsideritappropriatetopreparethefinancialstatementsonthe going
concern basis.
```
## **`2. ACCOUNTING POLICIES`**
## **`Basis of preparing the financial statements`**
```
The financialstatementsof the charitablecompany,whichis a publicbenefitentityunderFRS 102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities: Statement
ofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicablein the UK and Republicof Ireland(FRS 102) (effective1 January2019)', Financial
ReportingStandard102 'The FinancialReportingStandardapplicablein the UK and Republicof Ireland'and the
CompaniesAct2006.Thefinancialstatementshavebeenpreparedunderthehistoricalcostconvention, with
theexceptionofinvestmentswhichareincludedatmarketvalue,asmodifiedbytherevaluationof certain
assets.
```
## **`Financial reporting standard 102 - reduced disclosure exemptions`**
```
Thecharitablecompanyhastakenadvantageofthefollowingdisclosureexemptionsinpreparing these
financialstatements,aspermittedbyFRS102'TheFinancialReportingStandardapplicableintheUK and
Republic of Ireland':
```
- `the requirements of Section 7 Statement of Cash Flows.`
## **`Income`**
```
All incomeis recognisedin the Statementof FinancialActivitiesoncethe charityhasentitlementto the funds,
it is probable that the income will be received and the amount can be measured reliably.
```
```
To ensure compliance with the accruals concept it may be necessary to defer income into the following period.
```
```
continued...
```
```
Page 9
```
```
THE HELEN JEAN COPE CHARITY
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021`**
## **`2. ACCOUNTING POLICIES - continued`**
## **`Expenditure`**
```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligationcommitting the
charitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequiredin settlement
andtheamountof theobligationcanbe measuredreliably.Expenditureis accountedforonanaccruals basis
andhas been classifiedunderheadingsthataggregateall costrelatedto the category.Wherecostscannot be
directlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwith the
use of resources.
```
```
Grants offered subject to conditionswhich have not been met at the year end date are noted as a commitment
but not accrued as expenditure.
```
## **`Tangible fixed assets`**
```
Tangiblefixedassetsarestatedatcostlessaccumulateddepreciationandaccumulatedimpairment losses.
Cost includes costs directly attributable to making the asset capable of operating as intended.
```
```
Depreciationisprovidedonalltangiblefixedassets,atratescalculatedtowriteoffthecost,less estimated
residual value, of each asset on a systematic basis over its expected useful life as follows:
```
```
Fixtures and fittings15% on cost
```
## **`Investment property`**
```
Investment property is shown at the most recent valuation.
```
## **`Taxation`**
```
The charity is exempt from corporation tax on its charitable activities.
```
## **`Fund accounting`**
```
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
```
```
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
```
## **`Foreign currencies`**
```
Assetsandliabilitiesinforeigncurrenciesaretranslatedintosterlingattheratesofexchangerulingat the
balancesheetdate.Transactionsinforeigncurrenciesaretranslatedintosterlingattherateof exchange
rulingatthedateoftransaction.Exchangedifferencesaretakenintoaccountinarrivingatthe operating
result.
```
## **`Investments`**
```
Fixedassetinvestmentsaremeasuredatfairvalueifthesharesarepubliclytradedorcanotherwise be
measured reliably.
```
```
Thevaluationoftheunlistedsharesisbasedonthecharitablecompany'spercentageshareholdingofthe net
assets of the unlisted company which it holds shares in per the latest available accounts.
```
```
Realisedandunrealisedgainsorlossesonassetsareaccountedforinfullwithintheparticularfundof which
the asset forms a part.
```
## **`Value Added Tax`**
```
The charity is not required to register for VAT. All income and expenses include VAT where applicable.
```
```
continued...
```
```
Page 10
```
```
THE HELEN JEAN COPE CHARITY
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021`**
## **`2. ACCOUNTING POLICIES - continued`**
## **`Debtors and creditors receivable / payable within one year`**
```
Debtorsandcreditorswithnostatedinterestrateandreceivableorpayablewithinoneyeararerecorded at
transaction price. Any losses arising from impairment are recognised in expenditure.
```
## **`3. INVESTMENT INCOME`**
|`Rents received`
`Income from listed investments`
`Income from unlisted investments`
**`4.`**
**`OTHER INCOME`**
`Insurance claim`
`Option agreement`
**`5.`**
**`INVESTMENT MANAGEMENT COSTS`**
`Fund manager costs`|`2021`
`£`
`24,669`
`60,701`
`1,250`
`86,620`
`2021`
`£`
`-`
`75,000`
`75,000`
`2021`
`£`
`15,284`|`2020`
`£`
`24,716`
`42,733`
`2,916`|
|---|---|---|
|||`70,365`|
|||`2020`
`£`
`3,008`
`-`|
|||`3,008`|
|||`2020`
`£`
`12,944`|
## **`6. CHARITABLE ACTIVITIES COSTS`**
|**`CHARITABLE ACTIVITIES COSTS`**|||||
|---|---|---|---|---|
|||`Grant`|||
|||`funding of`|||
||`Direct`|`activities`|`Support`||
||`Costs (see`|`(see note`|`costs (see`||
||`note 7)`|`8)`|`note 9)`|`Totals`|
||`£`|`£`|`£`|`£`|
|`Charitable activities`|`30,576`|`57,770`|`4,104`|`92,450`|
```
continued...
```
```
Page 11
```
```
THE HELEN JEAN COPE CHARITY
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021`**
## **`7. DIRECT COSTS OF CHARITABLE ACTIVITIES`**
|`Staff costs`
`Rates and water`
`Insurance`
`Light and heat`
`Telephone`
`Postage and stationery`
`Sundries`
`Rent`
`Repairs`
`Travel expenses`
`Legal and professional fees`
`Depreciation`
**`8.`**
**`GRANTS PAYABLE`**
`Charitable activities`
`The total grants paid to institutions during the year was as follows:`
`Per note 24`|`2021`
`£`
`8,461`
`70`
`975`
`1,553`
`1,312`
`949`
`2,275`
`8,589`
`3,085`
`1,699`
`1,480`
`128`
`30,576`
`2021`
`£`
`57,770`
`2021`
`£`
`57,770`|`2020`
`£`
`8,221`
`257`
`1,013`
`1,115`
`1,370`
`1,622`
`1,568`
`8,912`
`2,702`
`993`
`4,273`
`108`|
|---|---|---|
|||`32,154`|
|||`2020`
`£`
`59,250`|
|||`2020`
`£`
`59,250`|
```
Grantspaidtoinstitutionsareanalysedindetailinnote25.Inadditionthetrusteeshaveapproved grants
totalling£7,150(2020:£6,000)whichwerenotpaidat31December2021.Grantsarepaidtoinstitutions in
accordance with the objects as detailed in the trustees report.
```
## **`9. SUPPORT COSTS`**
|**`SUPPORT COSTS`**||||
|---|---|---|---|
|||`Governance`||
||`Finance`|`costs`|`Totals`|
||`£`|`£`|`£`|
|`Charitable activities`|`7`|`4,097`|`4,104`|
```
continued...
```
```
Page 12
```
```
THE HELEN JEAN COPE CHARITY
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021`**
## **`10. NET INCOME/(EXPENDITURE)`**
```
Net income/(expenditure) is stated after charging/(crediting):
```
|||`2021`|`2020`|
|---|---|---|---|
|||`£`|`£`|
||`Depreciation - owned assets`|`128`|`108`|
|**`11.`**|**`INDEPENDENT EXAMINERS' REMUNERATION`**|||
|||`2021`|`2020`|
|||`£`|`£`|
||`Payroll fees`|`612`|`486`|
||`Independent Examination and preparation of accounts`|`3,485`|`3,319`|
## **`12. TRUSTEES' REMUNERATION AND BENEFITS`**
```
There were no trustees'remunerationor other benefitsfor the year ended 31 December 2021 nor for the year
ended 31 December 2020.
```
## **`Trustees' expenses`**
```
The reimbursement of trustees' expenses was as follows:
```
|`2021`
`2020`||`2021`||`2020`|
|---|---|---|---|---|
|`Number`
`Number`||`£`||`£`|
||||||
|`Travel and subsistence`
`6`
`6`||`2,981`||`2,193`|
||||||
|||`2,981`||`2,193`|
||||||
|**`STAFF COSTS`**
`Wages and salaries`
`The average monthly number of employees during the year was as follows:`
`Secretarial`
`Trustees`|`2021`
`£`
`8,461`
`8,461`
`2021`
`1`
`6`
`7`||`2020`
`£`
`8,221`
`8,221`
`2020`
`1`
`6`
`7`||
## **`13. STAFF COSTS`**
```
No employees received emoluments in excess of £60,000.
```
```
continued...
```
```
Page 13
```
```
THE HELEN JEAN COPE CHARITY
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021`**
|**`14.`**
**`COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES`**
**`INCOME AND ENDOWMENTS FROM`**
`Investment income`
`Other income`
**`Total`**
**`EXPENDITURE ON`**
**`Raising funds`**
`Investment management costs`
**`Charitable activities`**
`Charitable activities`
**`Total`**
`Net gains/(losses) on investments`
**`NET INCOME/(EXPENDITURE)`**
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
**`TOTAL FUNDS CARRIED FORWARD`**|`Unrestricted`
`funds`
`£`
`70,365`
`3,008`
`73,373`
`12,944`
`12,944`
`95,209`
`108,153`
`(334,503)`
`(369,283)`
`4,236,722`
`3,867,439`|
|---|---|
```
continued...
```
```
Page 14
```
```
THE HELEN JEAN COPE CHARITY
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021`**
## **`15. TANGIBLE FIXED ASSETS`**
|**`COST`**
`At 1 January 2021`
`Additions`
`At 31 December 2021`
**`DEPRECIATION`**
`At 1 January 2021`
`Charge for year`
`At 31 December 2021`
**`NET BOOK VALUE`**
`At 31 December 2021`
`At 31 December 2020`
**`FIXED ASSET INVESTMENTS`**
**`MARKET VALUE`**
`At 1 January 2021`
`Additions`
`Disposals`
`Revaluations`
`At 31 December 2021`
**`NET BOOK VALUE`**
`At 31 December 2021`
`At 31 December 2020`|`Listed`
`investments`
`£`
`1,939,485`
`293,824`
`(299,389)`
`294,623`
`2,228,543`
`2,228,543`
`1,939,485`|`Unlisted`
`investments`
`£`
`115,485`
`-`
`-`
`(444)`
`115,041`
`115,041`
`115,485`|`Fixtures`
`and`
`fittings`
`£`
`3,855`
`709`
`4,564`
`3,787`
`128`
`3,915`
`649`
`68`
`Totals`
`£`
`2,054,970`
`293,824`
`(299,389)`
`294,179`
`2,343,584`
`2,343,584`
`2,054,970`|
|---|---|---|---|
## **`16. FIXED ASSET INVESTMENTS`**
```
continued...
```
```
Page 15
```
```
THE HELEN JEAN COPE CHARITY
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021`**
## **`16. FIXED ASSET INVESTMENTS - continued`**
```
The investment assets are held:
```
|`The investment assets are held:`|`The investment assets are held:`|`The investment assets are held:`|||||
|---|---|---|---|---|---|---|
|`Listed`
`investments`|||`Unlisted`
`shares`|||`Totals`|
|||`£`|`£`|||`£`|
||||||||
|`In the UK`||`1,841,456`|`115,041`|||`1,955,813`|
|`Outside the UK`||`387,087`||`-`||`350,928`|
||||||||
||||||||
|||`2,228,543`|`115,041`|||`2,306,741`|
||||||||
||||||||
|`Historical cost:`|||||||
|`At 31 December 2021`||`1,920,539`||`29,988`||`1,831,529`|
||||||||
|`At 31 December 2020`||`1,838,130`||`29,988`||`1,868,118`|
||||||||
|`Cost or valuation at 31 December 2021 is represented by:`
`Valuation in 2021`
**`INVESTMENT PROPERTY`**
**`FAIR VALUE`**
`At 1 January 2021`
`Revaluation`
`At 31 December 2021`
**`NET BOOK VALUE`**
`At 31 December 2021`
`At 31 December 2020`||`Listed`
`investments`
`£`
`2,228,543`|`Unlisted`
`investments`
`£`
`115,041`||`Totals`
`£`
`2,343,584`
`£`
`1,725,500`
`2,680,550`
`4,406,050`
`4,406,050`
`1,725,500`||
||||||||
## **`17. INVESTMENT PROPERTY`**
```
The valuationof the investmentpropertyis based on the valuationby E A Lane & Sons at 31 December 2021, a
professional Chartered Surveyor with experience in the location and class of the property.
```
```
Thetrusteeshaveconsideredthisvaluationandtothebestoftheirknowledgebelievethisvaluation remains
appropriate.
```
```
The formal valuation in 2021 gave rise to a significant increase in the overall value of the investment property.
```
```
The investmentpropertyconsistsof landheldby the Charity.The significantincreasein thisvalueis due to an
areaoflandheld,whichwasnotpreviouslyconsideredtoholddevelopmentpotential,nowfallingwithin a
local development area, and an option being agreed over this land in 2021.
```
```
continued...
```
```
Page 16
```
```
THE HELEN JEAN COPE CHARITY
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021`**
## **`17. INVESTMENT PROPERTY - continued`**
```
Fair value at 31 December 2021 is represented by:
```
|`Valuation in 2021`
**`18.`**
**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Prepayments and accrued income`
**`19.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`Trade creditors`
`Other creditors`
`Accruals`
**`20.`**
**`LEASING AGREEMENTS`**|`2021`
`£`
`4,708`
`2021`
`£`
`162`
`12`
`7,477`
`7,651`|`£`
`4,406,050`|`£`
`4,406,050`|
|---|---|---|---|
||||`2020`
`£`
`4,594`|
||||`2020`
`£`
`126`
`-`
`6,708`|
||||`6,834`|
|||||
```
Minimum lease payments under non-cancellable operating leases fall due as follows:
```
|`Within one year`
`Between one and five years`|`2021`
`£`
`9,000`
`6,750`
`15,750`|`2020`
`£`
`9,000`
`15,750`|
|---|---|---|
|||`24,750`|
## **`21. MOVEMENT IN FUNDS`**
|**`Unrestricted funds`**
`General fund`
`Fair Value Reserve`
**`TOTAL FUNDS`**|`At 1.1.21`
`£`
`3,446,939`
`420,500`
`3,867,439`
`3,867,439`|`Net`
`movement`
`in funds`
`£`
`353,421`
`2,680,550`
`3,033,971`
`3,033,971`|`At`
`31.12.21`
`£`
`3,800,360`
`3,101,050`|
|---|---|---|---|
||||`6,901,410`|
||||`6,901,410`|
```
continued...
```
```
Page 17
```
```
THE HELEN JEAN COPE CHARITY
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021`**
## **`21. MOVEMENT IN FUNDS - continued`**
```
Net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`General fund`
`Fair Value Reserve`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`161,620`
`-`
`161,620`
`161,620`|`Resources`
`expended`
`£`
`(107,734)`
`-`
`(107,734)`
`(107,734)`|`Gains and`
`losses`
`£`
`299,535`
`2,680,550`
`2,980,085`
`2,980,085`|`Movement`
`in funds`
`£`
`353,421`
`2,680,550`
`3,033,971`
`3,033,971`|
|---|---|---|---|---|
## **`Comparatives for movement in funds`**
|**`Unrestricted funds`**
`General fund`
`Fair Value Reserve`
**`TOTAL FUNDS`**|`At 1.1.20`
`£`
`3,816,222`
`420,500`
`4,236,722`
`4,236,722`|`Net`
`movement`
`in funds`
`£`
`(369,283)`
`-`
`(369,283)`
`(369,283)`|`At`
`31.12.20`
`£`
`3,446,939`
`420,500`|
|---|---|---|---|
||||`3,867,439`|
||||`3,867,439`|
```
Comparative net movement in funds, included in the above are as follows:
```
|**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Incoming`
`resources`
`£`
`73,373`
`73,373`|`Resources`
`expended`
`£`
`(108,153)`
`(108,153)`|`Gains and`
`Movement`
`losses`
`in funds`
`£`
`£`
`(334,503)`
`(369,283)`
`(334,503)`
`(369,283)`|
|---|---|---|---|
```
continued...
```
```
Page 18
```
```
THE HELEN JEAN COPE CHARITY
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021`**
## **`22. RELATED PARTY DISCLOSURES`**
```
During the year £9,214 (2020: £8,942) was paid by the charityto rent their offices, which are part owned by Mr
G Freckelton, a trustee of the charity.
```
```
Included within debtors is £2,250 (2020: £2,250) in respect of rent prepaid in respect of the above.
```
## **`23. FINANCIAL INSTRUMENTS`**
```
The carrying amount of the charity's financial instruments are as follows:
```
||`2021`|`2020`|
|---|---|---|
||`£`|`£`|
|**`Financial assets at fair value through income and expendiure`**|||
|`Listed investments`|`2,228,543`|`1,939,485`|
|`Unlisted investments`|`115,041`|`115,485`|
```
Theincomes,expenses,netgainsandnetlossesattributabletothecharity'sfinancialinstruments are
summarised as follows:
```
||`2021`|`2020`|
|---|---|---|
||`£`|`£`|
|`Net gains and losses (including changes in fair value)`|||
|`Financial assets measured at fair value through net income/expenditure`|`288,614`|`(334,504)`|
```
The totaldividendincomefrom financialassets thatare measuredat fairvaluethroughthe income statement
was £61,951 (2020 - £45,649).
```
```
continued...
```
```
Page 19
```
```
THE HELEN JEAN COPE CHARITY
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021`**
## **`24. GRANTS TO INSTITUTIONS`**
|**`Registration No.`**|**`Name of Charity`**|**`Amount`**|
|---|---|---|
|||**`£`**|
|`1101764`|`Accept`|`500`|
|`1036419`|`Action for M.E.`|`1,000`|
|`1117304`|`All Hallows PTA`|`1,500`|
|`1171031`|`All Saints with Holy Trinity Loughborough`|`1,000`|
|`1134668`|`Baby Basics`|`1,000`|
|`1025442`|`Beaumon House Hospice Care`|`1,000`|
|`293340`|`Bipolar`|`1,000`|
|`1092938`|`Casy`|`750`|
|`1011222`|`Changing Fcaes`|`1,000`|
|`1060827`|`Charnwood Christmas Toy Appeal`|`3,000`|
|`1107328`|`CLIC Sargent`|`1,500`|
|`1108687`|`Crime Stoppers`|`1,000`|
|`223219`|`Derby Toc H Childrens Camp`|`1,000`|
|`1077424`|`Emmanuel Gouse - Nottingham Winter Shelter`|`1,000`|
|`1010943`|`Happy Days`|`1,000`|
|`1136428`|`Holy Trinity Church Hinckley`|`1,000`|
||`Holy Trinity Church - Norton Juxta Twycross`|`1,000`|
|`1108455`|`Home Start Horizons`|`500`|
|`1146094`|`Improving Lives`|`1,000`|
|`702057`|`Lamp`|`1,000`|
|`1164872`|`Leicester Cathedral Music Foundation`|`750`|
|`1190204`|`Leicester Children's Holidays`|`1,500`|
|`1067601`|`Life Education Centre Nottinghamshire LTD`|`1,000`|
|`264221`|`Listening Books`|`1,000`|
|`1049103`|`Living Painting`|`500`|
|`294354`|`Motor Neurone Disease Association`|`1,000`|
|`1091927`|`Notts County Foundation`|`1,270`|
|`1171623`|`Nottinghamshire Historic Churches Trust`|`1,000`|
||`Oadby Baptist Church`|`1,000`|
|`802440`|`React`|`1,000`|
|`226227`|`RNIB`|`1,000`|
|`702239`|`Rotary Club Loughborough`|`1,000`|
|`1015988`|`Royal Voluntary Service`|`1,000`|
|`1093936`|`Safe and Sound`|`750`|
|`1170691`|`Samaritans Leicester, Leicestershire & Rutland`|`1,000`|
|`1170646`|`Scropton Riding & Driving Centre`|`1,000`|
|`1133481`|`STAA`|`1,000`|
|`1000515`|`Sharp`|`1,000`|
||`St May's Church Kilvington`|`1,000`|
|`1114686`|`St Phillips Centre`|`750`|
|`1088281`|`Support Dogs`|`1,000`|
|`1090781`|`Support Through Court`|`1,000`|
|`314229`|`Tall Ships Youth Trust`|`1,500`|
||`The David Clarke Railway Trust (Mounsorrel and Rothley Heritage`||
|`1104839`|`Centre)`|`5,000`|
|`800435`|`The Douglas Bader Foundation`|`1,000`|
|`1056825`|`The Friary`|`1,000`|
|`225348`|`The Poppy Factory`|`1,000`|
|`284416`|`The Sick Children's Trust`|`1,000`|
|`1144022`|`Together for Short Lives`|`1,000`|
|`1150203`|`Umbrella`|`1,000`|
|`1152488`|`Wainman Trust`|`1,000`|
```
continued...
```
```
Page 20
```
```
THE HELEN JEAN COPE CHARITY
```
## **`NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021`**
## **`24. GRANTS TO INSTITUTIONS - continued`**
|`1113659`
`Warning Zone`|`1,000`|
|---|---|
|||
|||
||`57,770`|
|||
```
Page 21
```