**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 2022**
## **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 2022**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|3|
|**Independent Examiner's Report**||4||
|**Statement of Financial Activities**||5||
|**Balance Sheet**|6|to|7|
|**Notes to the Financial Statements**|8|to|16|
|**Detailed Statement of Financial Activities**||17||
**THE HELEN JEAN COPE CHARITY (REGISTERED NUMBER: 06660648)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES Objectives and aims**
The objects of the charity are to distribute the charity's assets to local charitable causes which must be registered charities.
## **Public benefit**
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the 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 49 (2021: 52) grants to charities during the period.
## **FINANCIAL REVIEW**
## **Financial position**
The total expenditure during the period was £119,385 (2021: £107,734).
The charity has total funds carried forward of £6,547,470 (2021: £6,901,410) which will be used to continue meeting the charity's objectives.
## **Investment policy and objectives**
The Constitution authorise the trustees to make and hold investments using the assets of the charity. The trustees have entered into a discretionary management agreement of the investment portfolio with Charles Stanley and Company Ltd. During the period the trustees asked the brokers to take into account any social, environmental or ethical considerations when managing the portfolio.
The overall value of the charity's listed and unlisted investments decreased by £339,690 during the year. Gross dividends received in the period amounted to £72,218 (2021: £61,951).The trustees have considered the risk of the pandemic on the investments as noted in this report.
## **Reserves policy**
The Charity's unrestricted funds are mainly invested in stocks and shares. The Charity does not solicit donations or receive any grants, nor does it provide continued funding to any organisations. The likelihood of a shortfall arising meaning that a reserve is necessary is considered so low that the Trustees believe that the Charity's reserves can be set at a level to simply cover the contractual expenses of the Charity relating to its continued operations which are 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 Trustees have resolved that a sum sufficient to cover three years expenses shall at all times be reserved from the assets of the Charity or until such time as the Charity shall come to an end.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The Helen Jean Cope Charity is a charitable company limited by guarantee and registered in England and Wales Number: 06660648.
Page 1
**THE HELEN JEAN COPE CHARITY (REGISTERED NUMBER: 06660648)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Charity constitution**
The charitable company was incorporated on 30 July 2008 and registered under the number 1125937 with the Charity Commission. The company took over the assets and operations of the charity "The Helen Jean Cope Trust" which was removed as a charity. The trustees of the charity were the same as the trustees of The Helen Jean Cope Trust. These were originally two of the executors named in the will of Miss Helen Jean Cope plus three additional trustees that were appointed in accordance with the discretion conferred by the will to the executors. Appointment of any further trustees is now at the discretion of existing trustees and in accordance with the Memorandum and Articles of Association.
None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of winding up.
## **Organisational structure**
The charity is run by six trustees who meet on a regular basis and consider applications for grants. Applications for grants are received from registered charities in the United Kingdom who hear about the charity by way of articles 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.
## **Risk management**
The trustees have assessed the major risks to which the charity is exposed, are are satisfied that the systems are in place to mitigate exposure to the major risks.
## **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 FCA Duncan & Toplis Limited 3 Princes Court Royal Way Loughborough Leicestershire LE11 5XR
## **Solicitors**
Fieldings Porter Silverwell House Silverwell Street Bolton BL1 1PT
Page 2
**THE HELEN JEAN COPE CHARITY (REGISTERED NUMBER: 06660648)**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022**
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **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 report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
The financial statements were approved and authorised for issue by order of the board of trustees on ............................................. and signed on its behalf by:
..............................................................................
Mr G S Freckelton - Trustee
Page 3
## **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')**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2022.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no matters have come to my attention in connection with 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)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Niall Kingsley FCA
Duncan & Toplis Limited 3 Princes Court Royal Way Loughborough Leicestershire LE11 5XR
Date: .............................................
Page 4
**THE HELEN JEAN COPE CHARITY**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2022**
|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**|2022
Unrestricted
funds
£
90,993
-
90,993
13,592
13,592
105,793
119,385
(325,548)
(353,940)
6,901,410
6,547,470|2021
Total
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|
The notes form part of these financial statements
Page 5
**THE HELEN JEAN COPE CHARITY (REGISTERED NUMBER: 06660648)**
## **BALANCE SHEET 31 DECEMBER 2022**
|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**|2022
Unrestricted
funds
£
521
2,003,894
4,406,050
6,410,465
4,684
139,507
144,191
(7,186)
137,005
6,547,470
6,547,470
3,446,420
3,101,050
6,547,470
6,547,470|2021
Total
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|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 6
**THE HELEN JEAN COPE CHARITY (REGISTERED NUMBER: 06660648)**
## **BALANCE SHEET - continued 31 DECEMBER 2022**
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Mr G S Freckelton - Trustee
The notes form part of these financial statements
Page 7
**THE HELEN JEAN COPE CHARITY**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **1. GENERAL INFORMATION**
The Helen Jean Cope Charity is a private Charitable Company Limited by Guarantee registered in England and Wales. The charity's registered number is 1125937 and the Company registration number is 06660648. The registered office and principal address of the charity is 1 Woodgate, Loughborough, Leicestershire, LE11 2TY.
The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out 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.
There are no material concerns relating to going concern.
## **2. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
## **Financial reporting standard 102 - reduced disclosure exemptions**
The charitable company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to 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.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
## **Tangible fixed assets**
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.
Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:
Fixtures and fittings 15% on cost
## **Investment property**
Investment property is shown at the most recent valuation.
continued...
Page 8
**THE HELEN JEAN COPE CHARITY**
**NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022**
## **2. ACCOUNTING POLICIES - continued**
## **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.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
## **Foreign currencies**
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
## **Investments**
Fixed asset investments are measured at fair value if the shares are publicly traded or can otherwise be measured reliably.
The valuation of the unlisted shares is based on the charitable company's percentage shareholding of the net assets of the unlisted company which it holds shares in per the latest available accounts.
Realised and unrealised gains or losses on assets are accounted for in full within the particular fund of 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.
## **Debtors and creditors receivable / payable within one year**
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded 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**
Option agreement
**5.**
**INVESTMENT MANAGEMENT COSTS**
Fund manager costs|2022
£
18,775
69,302
2,916
90,993
2022
£
-
2022
£
13,592|2021
£
24,669
60,701
1,250|
|---|---|---|
|||86,620|
|||2021
£
75,000|
|||2021
£
15,284|
continued...
Page 9
**THE HELEN JEAN COPE CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022**
## **6. CHARITABLE ACTIVITIES COSTS**
|Charitable activities
**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 a
Per note 24|Direct
Costs (see
note 7)
£
33,776
s follows:|Grant
funding of
activities
(see note
8)
£
67,585|Support
costs (see
note 9)
£
4,432
2022
£
8,835
162
1,177
3,326
814
1,028
2,449
9,214
420
1,966
4,257
128
33,776
2022
£
67,585
2022
£
67,585|Totals
£
105,793|Totals
£
105,793|
|---|---|---|---|---|---|
||||||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|
Grants paid to institutions are analysed in detail in note 24. In addition the trustees have approved grants totalling £7,500 (2021: £7,150) which were not paid at 31 December 2022. Grants are paid to institutions in accordance with the objects as detailed in the trustees report.
## **9. SUPPORT COSTS**
|**SUPPORT COSTS**||||
|---|---|---|---|
|||Governance||
||Finance|costs|Totals|
||£|£|£|
|Charitable activities|89|4,343|4,432|
continued...
Page 10
**THE HELEN JEAN COPE CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022**
## **10. NET INCOME/(EXPENDITURE)**
Net income/(expenditure) is stated after charging/(crediting):
|||2022|2021|
|---|---|---|---|
|||£|£|
||Depreciation - owned assets|128|128|
|**11.**|**INDEPENDENT EXAMINERS' REMUNERATION**|||
|||2022|2021|
|||£|£|
||Payroll fees|786|612|
||Independent Examination and preparation of accounts|3,557|3,485|
## **12. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
## **Trustees' expenses**
The reimbursement of trustees' expenses was as follows:
|2022
2021
Number
Number
Travel and subsistence
6
6
**13.**
**STAFF COSTS**
Wages and salaries
The average monthly number of employees during the year was as follows:
Secretarial
Trustees||2022||2021|
|---|---|---|---|---|
|||£||£|
||||||
|||3,378||2,981|
||||||
|||3,378||2,981|
||||||
||2022
£
8,835
8,835
2022
1
6
7||2021
£
8,461
8,461
2021
1
6
7||
No employees received emoluments in excess of £60,000.
continued...
Page 11
**THE HELEN JEAN COPE CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022**
|**14.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**||
|---|---|---|
|||Unrestricted|
|||funds|
|||£|
||**INCOME AND ENDOWMENTS FROM**||
||Investment income|86,620|
||Other income|75,000|
||**Total**|161,620|
||**EXPENDITURE ON**||
||**Raising funds**||
||Investment management costs|15,284|
|||15,284|
||**Charitable activities**||
||Charitable activities|92,450|
||**Total**|107,734|
||Net gains on investments|2,980,085|
||**NET INCOME**|3,033,971|
||**RECONCILIATION OF FUNDS**||
||Total funds brought forward|3,867,439|
||**TOTAL FUNDS CARRIED FORWARD**|6,901,410|
|**15.**|**TANGIBLE FIXED ASSETS**||
|||Fixtures|
|||and|
|||fittings|
|||£|
||**COST**||
||At 1 January 2022 and 31 December 2022|4,564|
||**DEPRECIATION**||
||At 1 January 2022|3,915|
||Charge for year|128|
||At 31 December 2022|4,043|
||**NET BOOK VALUE**||
||At 31 December 2022|521|
||At 31 December 2021|649|
continued...
Page 12
**THE HELEN JEAN COPE CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022**
## **16. FIXED ASSET INVESTMENTS**
|Listed
investments
£
**MARKET VALUE**
At 1 January 2022
2,228,543
Additions
175,714
Disposals
(178,494)
Revaluations
(336,248)
At 31 December 2022
1,889,515
**NET BOOK VALUE**
At 31 December 2022
1,889,515
At 31 December 2021
2,228,543
The investment assets are held:
Listed
investments
£
In the UK
1,444,292
Outside the UK
445,223
1,889,515
Historical cost:
At 31 December 2022
1,889,515
At 31 December 2021
2,228,543
Cost or valuation at 31 December 2022 is represented by:
Listed
investments
£
Valuation in 2022
1,889,515
**17.**
**INVESTMENT PROPERTY**
**FAIR VALUE**
At 1 January 2022
and 31 December 2022
**NET BOOK VALUE**
At 31 December 2022
At 31 December 2021|Listed
investments
£
2,228,543
175,714
(178,494)
(336,248)
1,889,515
1,889,515
2,228,543|Unlisted
investments
£
115,041
-
-
(662)
114,379
114,379
115,041|Unlisted
investments
£
115,041
-
-
(662)
114,379
114,379
115,041||Totals
£
2,343,584
175,714
(178,494)
(336,910)
2,003,894
2,003,894
2,343,584|
|---|---|---|---|---|---|
|||||||
|||||||
|||||||
|||||||
|||||||
||||Unlisted
shares||Totals|
||£||£||£|
|||||||
||1,444,292||114,379||1,558,672|
||445,223||-||445,223|
|||||||
|||||||
||1,889,515||114,379||2,003,895|
|||||||
|||||||
|||||||
||1,889,515||114,379||2,003,895|
|||||||
||2,228,543||115,041||2,343,585|
|||||||
||Listed
investments
£
1,889,515|Unlisted
investments
£
114,379|||Totals
£
2,003,894
£
4,406,050
4,406,050
4,406,050|
|||||||
|||||||
|||||||
The valuation of the investment property is based on the valuation by E A Lane & Sons at 31 December 2021, a professional Chartered Surveyor with experience in the location and class of the property.
The trustees have considered this valuation and to the best of their knowledge believe this valuation remains appropriate.
The formal valuation in 2021 gave rise to a significant increase in the overall value of the investment property.
continued...
Page 13
**THE HELEN JEAN COPE CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022**
## **17. INVESTMENT PROPERTY - continued**
The investment property consists of land held by the Charity. The significant increase in this value is due to an area of land held, which was not previously considered to hold development potential, now falling within a local development area, and an option being agreed over this land in 2021.
Fair value at 31 December 2022 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**
Minimum lease payments under non-cancellable operating leases fall due as follows:
Within one year
Between one and five years
**21.**
**MOVEMENT IN FUNDS**
At 1.1.22
£
**Unrestricted funds**
General fund
3,800,360
Fair Value Reserve
3,101,050
6,901,410
**TOTAL FUNDS**
6,901,410
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
90,993
(119,385)
**TOTAL FUNDS**
90,993
(119,385)|2022
£
4,684
2022
£
59
-
7,127
7,186
2022
£
6,750
-
6,750
Net
movement
in funds
£
(353,940)
-
(353,940)
(353,940)
Gains and
losses
£
(325,548)
(325,548)|£
4,406,050
2021
£
4,708
2021
£
162
12
7,477
7,651
2021
£
9,000
6,750
15,750
At
31.12.22
£
3,446,420
3,101,050
6,547,470
6,547,470
Movement
in funds
£
(353,940)
(353,940)|
|---|---|---|
||||
||||
||||
continued...
Page 14
**THE HELEN JEAN COPE CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022**
## **21. MOVEMENT IN FUNDS - continued**
## **Comparatives for 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|
Comparative 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|
## **22. RELATED PARTY DISCLOSURES**
During the year £9,214 (2021: £9,214) was paid by the charity to rent their offices, which are part owned by Mr G Freckelton, a trustee of the charity.
Included within debtors is £2,250 (2021: £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:
|The carrying amount of the charity's financial instruments are as follows:|||
|---|---|---|
||2022|2021|
||£|£|
|**Financial assets at fair value through income and expenditure**|||
|Listed investments|1,889,515|2,228,543|
|Unlisted investments|114,380|115,041|
The incomes, expenses, net gains and net losses attributable to the charity's financial instruments are summarised as follows:
|follows:|||
|---|---|---|
||2022|2021|
||£|£|
|Net gains and losses (including changes in fair value)|||
|Financial assets measured at fair value through net income/expenditure|(339,690)|288,614|
The total dividend income from financial assets that are measured at fair value through the income statement was £72,218 (2021 - £61,951).
continued...
Page 15
**THE HELEN JEAN COPE CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022**
## **24. GRANTS TO INSTITUTIONS**
|**GRANTS TO INSTITUTIONS**||
|---|---|
|**Registration No.**
**Name of Charity**|**Amount**|
||**£**|
|206655
2nd Shepshed Girls Brigade|1,000|
|1063965
Asthma Relief|2,000|
|1025442
Beaumond House Hospice Care|1,000|
|1060827
Charnwood Christmas Toy Appeal|2,500|
|206002
Combat Stress|1,000|
|1098120
Criminon UK|1,000|
|208078
Cruse|500|
|802976
Deafblind|1,500|
|1039404
Dementia UK|1,000|
|1098874
Derbyshire Leicestershire & Rutland Air Ambulance|2,000|
|1146326
Emmaus|1,000|
|1077424
Emmanuel House - Nottingham Winter Shelter|1,000|
|1113619
Eyres Monsell Club for Young People|500|
|521779
Girl Guiding Leicestershire|2,000|
|3985540
Go Beyond|1,000|
|1057894
Go Kids Go|1,000|
|1074011
Headway Leicester|1,500|
|1097005
Home Start Nottingham|1,000|
|1028517
Inner Wheel Club of Loughborough District 7|1,000|
|1186629
Leicester MusicFest|500|
|1150100
Leicestershire Search & Rescue|1,000|
|1124024
Leicester Transport Heritage Trust|1,000|
|1031728
Look Good Feel Better|1,000|
|506120
Loros|5,000|
|250840
MacIntyre|1,000|
|1001198
Macular Society|1,000|
|207994
Marie Curie|2,000|
|521768
Melton Mobray & District Scouts Council|1,000|
|1085862
Nottingham Arts Theatre|1,000|
|1087410
Nottinghamshire Club for Young People|1,000|
|1121334
Open Hands|1,000|
|1079009
Open Minds|1,000|
|1140032
Pedestrian|1,400|
|1151117
Peter Le Marchant Trust|1,500|
|1014051
Rainbows|2,000|
|289868
Sense|2,000|
|4815
Shepshed Cricket Club|2,000|
|1039294
Shepshed Glenmore Centre - Christmas Lunch|500|
|1158312
Shepshed Toy Library|1,000|
|249338
Shine|1,000|
|1106815
Spinal Muscular Atrophy UK|500|
|St Peter's Church Copt Oak|1,500|
|1125245
Stonebridge City Farm|1,000|
|1109847
The Lenton Centre|1,000|
|262191
The Lullaby Trust|1,285|
|1193232
The Respite Association|750|
|1161913
The Thomas Theyer Foundation|1,000|
|1188611
UK Veterans Hearing Foundation|1,000|
|1991961
Wenlo Riding For the Disabled|2,500|
|1148009
Westfield Community Centre|1,000|
|1078287
Wireless for the Blind|1,000|
|802872
Whizz-Kidz|2,000|
|||
|||
||67,935|
|||
Page 16
**THE HELEN JEAN COPE CHARITY**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022**
|**INCOME AND ENDOWMENTS**
**Investment income**
Rents received
Income from listed investments
Income from unlisted investments
**Other income**
Option agreement
**Total incoming resources**
**EXPENDITURE**
**Investment management costs**
Fund manager costs
**Charitable activities**
Wages
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Sundries
Rent
Repairs
Travel expenses
Legal and professional fees
Fixtures and fittings
Grants to institutions
**Support costs**
**Finance**
Bank charges
**Governance costs**
Independent Examiners' remuneration
Total resources expended
**Net (expenditure)/income before gains and losses**
**Realised recognised gains and losses**
Gains/(losses) on fixed asset investments- Realised
and Unrealised
**Net (expenditure)/income**|2022
£
18,775
69,302
2,916
90,993
-
90,993
13,592
8,835
162
1,177
3,326
814
1,028
2,449
9,214
420
1,966
4,257
128
67,585
101,361
89
4,343
119,385
(28,392)
(325,548)
(353,940)|2021
£
24,669
60,701
1,250|
|---|---|---|
|||86,620
75,000|
|||161,620
15,284
8,461
70
975
1,553
1,312
949
2,275
8,589
3,085
1,699
1,480
128
57,770|
|||88,346
7
4,097|
|||107,734|
|||53,886
299,535|
|||353,421|
This page does not form part of the statutory financial statements
Page 17