| Page | ||||
|---|---|---|---|---|
| Reference and administrative | details ofthe Charity, | its Trustees and advisors | ||
| Trustees' report |
2-3 | |||
| Independent auditor's |
report | on the financial statements | 4-7 | |
| Statement offinancial |
activities | |||
| Balance sheet | ||||
| Statement ofcash flows |
10 | |||
| Notes to the financial | statements | 11-19 |
| Trustees | Mr Anthony Champion |
Mr Anthony Champion |
|
|---|---|---|---|
| Mr Martin Needham |
|||
| Ms Dawn Oliver | |||
| Mr Geoffrey Probert | |||
| Mr Ian Smith | |||
| Charity registered | number | 1148325 | |
| Principal office | Pear Tree Cottage | ||
| Yarrington Road |
|||
| Alfrick | |||
| Worcestershire | |||
| WR6 5EX | |||
| Auditors | Curo Professional | Services Ltd | |
| Westonhall Road |
|||
| Stoke Prior | |||
| Bromsgrove | |||
| Worcestershire | |||
| B604AL | |||
| Solicitors | Harrison Clark Rickerbys |
||
| 5 Deansway | |||
| Worcester | |||
| WR1 2JG |
| Unrestricted | Total | Total funds | |||
|---|---|---|---|---|---|
| funds | funds 2022 | 2021 | |||
| 2022 | |||||
| Note | f | ||||
| INCOME FROM: | |||||
| Donations and legacies |
4,909,328 | 4,909,328 | |||
| Investments | 23,568 | 23,568 | 22,609 | ||
| TOTAL INCOME | 4,932,896 | 4,932,896 | 22,609 | ||
| EXPENDITURE ON: | |||||
| Charitable activities |
617,386 | 617,386 | 1,476,550 | ||
| TOTAL EXPENDITURE | 617,386 | 617,386 | 1,476,550 | ||
| Net gains/(losses) | on investments | 350,181 | 350,181 | 223,177 | |
| NET MOVEMENT | IN FUNDS | 4,655,691 | 4,655,691 | (1,230,764) | |
| RECONCILIATION | OF FUNDS: | ||||
| Total funds brought forward | 1,414,597 | 1,414,597 | 2,645,361 | ||
| Net movement of |
funds | 4,655,691 | 4,655,691 | (1,230,764) | |
| TOTAL FUNDS CARRIED | |||||
| FORWARD | 6,080,288 | 6,080,288 | 1,414,597 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Note | f | f | ||
| FIXEDASSETS | ||||
| Investments | 11 | 5,962,934 | 924,793 | |
| 5,962,934 | 924,793 | |||
| CURRENT ASSETS | ||||
| Cash at bank and in | hand | 174,151 | 593,158 | |
| 174,151 | 593,158 | |||
| Creditors: amounts | falling due within one year | 12 | (56,797) | (58,509) |
| NET CURRENT ASSETS | 117,354 | 534,649 | ||
| TOTAL ASSETS LESSCURRENT LIABILITIES | 6,080,288 | 1,459,442 | ||
| Creditors: amounts | falling due after more than 1year | 13 | (44,845) | |
| TOTAL NET ASSETS | 6,080,288 | 1,414,597 | ||
| CHARITY FUNDS | ||||
| Restricted funds | 15 | |||
| Unrestricted funds |
15 | 6,080,288 | 1,414,597 | |
| TOTAL FUNDS | 6,080,288 | 1,414,597 |
| 2022 | 2021 | ||
|---|---|---|---|
| f | f | ||
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net cash (used in)/provided by operating activities |
(496,142) | (1,379,851) | |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Dividends and interest from investments |
23,568 | 22,609 | |
| Proceeds from sales ofinvestments | 83,047 | 60,927 | |
| Purchase of investments | (29,480) | (118,675) | |
| NET CASH PROVIDED (USED IN)/BY INVESTING | 77,135 | (35,139) | |
| ACTIVITIES | |||
| CASH FLOWS FROM FINANCING ACTIVITIES |
|||
| NET CASH PROVIDED BYFINANCING ACTIVITIES |
|||
| CHANGE IN CASH AND CASH EQUIVALENTS |
IN THE YEAR | (419,007) | (1,414,990) |
| Cash and cash equivalents at the beginning ofthe year |
593,158 | 2,008,148 | |
| CASH AND CASH EQUIVALENTS AT THE END | OF THE YEAR | 174,151 | 593,158 |
| 3. INCOME FROM DONA |
TIONS AND LEGACIES |
||
|---|---|---|---|
| Unrestricted | Total funds | Total funds | |
| funds 2022 | 2022 | 2021 | |
| f | f | f | |
| Legacies | 4,909,328 | 4,909,328 | |
| 4,909,328 | 4,909,328 | ||
| TOTAL 2021 |
| Unrestricted | Total funds | Total funds | ||||
|---|---|---|---|---|---|---|
| funds 2022 | 2022 | 2021 | ||||
| f | f | f | ||||
| Income from listed | investments | 20,378 | 20,378 | 19,820 | ||
| Investment income |
—cash | deposits | 3,190 | 3,190 | 2,789 | |
| 23,568 | 23,568 | 22,609 | ||||
| TOTAL2021 | 22,609 | 22,609 | ||||
| 5. ANALYSIS OF GRANTS |
||||||
| Grants to | Total funds | Total funds | ||||
| institutions | 2022 | 2021 | ||||
| 2022 | ||||||
| f | ||||||
| Grants, supporting | Herefordshire | & | ||||
| Worcestershire charities |
608,471 | 608,471 | 1,458,687 | |||
| TOTAL 2021 | 1,458,687 | 1,458,687 | ||||
| 6. GRANTS MADE TO CHARITABLE |
ORGANISATIONS | |||||
| Charity | 2022 | 2021 | ||||
| Acorns Children's Hospice |
10,471 | 137,187 | ||||
| Arcos | 25,000 | |||||
| Game and Wildlife Conservation | Trust | 40,000 | ||||
| Giles Trust | 10,000 | |||||
| Harper Adams University | 15,000 | 265,000 | ||||
| Kemp Hospice | 15,000 | 50,000 | ||||
| Kings School Development | Trust | 50,000 | ||||
| Maggs Day Centre | 35,000 | |||||
| Megan Baker House | 25,000 | |||||
| Museum of Royal Worcester | 5,000 | 5,000 | ||||
| Myriad Centre | 25,000 | 25,000 | ||||
| Primrose Hospice |
50,000 | |||||
| RGS and AOS Foundation | 250,000 | |||||
| Sight Concern Worcestershire | 25,000 | |||||
| St Michaels Hospice | 50,000 | 150,000 | ||||
| St Paul's Hostel | 35,000 | |||||
| St Richard's Hospice |
50,000 | |||||
| University of Birmingham- |
Kidney | Research | 75,000 | 175,000 | ||
| Page ( 14 |
| Worcester | Breast Unit Haven | 3,000 | 30,000 |
|---|---|---|---|
| Worcester | Cathedral | 60,000 | 325,000 |
| Worcester | Live | 16,500 | |
| Yana | 10,000 | 25,000 | |
| 608,471 | 1,458,687 |
| Unrestricted | Total funds | Total funds | |||||
|---|---|---|---|---|---|---|---|
| funds 2022 | 2022 | 2021 | |||||
| f | f | f | |||||
| Supporting | Herefordshire | S.Worcestershire | |||||
| charities | 617,386 | 617,386 | 1,476,550 | ||||
| TOTAL 2021 | 1,476,550 | 1,476,550 | |||||
| 8. ANALYSIS |
OF EXPENDITURE BYACTIVITIES | ||||||
| Grant funding | Support and | ||||||
| ofactivities | governance | Total funds | Total funds | ||||
| 2022 | costs 2022 | 2022 | 2021 | ||||
| f | f | f | f | ||||
| Supporting | Herefordshire | ||||||
| 5Worcestershire | charities | 608,471 | 8,915 | 617,386 | 1,476,550 | ||
| TOTAL 2021 | 1,458,687 | 17,863 | 1,476,550 | ||||
| Analysis of | support | costs | |||||
| Supporting | Total | Total funds | |||||
| charities | funds | 2021 | |||||
| 2022 | 2022 | ||||||
| f | f | f | |||||
| Legal and professional | 3,315 | 3,315 | 14,844 | ||||
| Sundry | 59 | ||||||
| Accountancy | 500 | 500 | 500 | ||||
| Governance | costs | 5,100 | 5,100 | 2,460 | |||
| 8,915 | 8,915 | 17,863 | |||||
| TOTAL 2021 | 17,863 | 17,863 |
| 9. I |
NDE | PENDENT | EXAMINER'S AND AUDITORS | ' REMUNERATION | |
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| f | f | ||||
| Auditors' | remuneration | 5,100 | |||
| Independent | examiner's | remuneration | 2,460 | ||
| 5,100 | 2,460 |
| 12.FIXEDASSET INVESTMENTS | |
|---|---|
| Listed | |
| Investments | |
| f | |
| COST OR VALUATION | |
| At 6 April 2021 | 924,793 |
| Additions | 4,771,007 |
| Disposa Is | (77,653) |
| Revaluations | 344,787 |
| AT 5APRIL 2022 | 5,962,934 |
| NET BOOK VALUE | |
| AT 5APRIL 2022 | 5,962,934 |
| AT 5 APRIL 2021 | 924,793 |
| 13. | CREDITO | RS: | AMOUNTS FALLING DUE WIT |
HIN ONE YEAR | |
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| f | f | ||||
| Accruals | and deferred | income | 6,600 | 14,415 | |
| Acorns | Children's | Hospice | 50,197 | 44,094 | |
| 56,797 | 58,509 |
| 14.CREDIT | ORS: AM | OUNTS FALLING DU |
E AFTER MORE THAN O | NE YEAR | |
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| f | f | ||||
| Acorns Children's | Hospice | 44,845 | |||
| 15.FINANCIAL INSTRUMENTS | |||||
| 2022 | 2021 | ||||
| f | f | ||||
| FINANCIAL ASSETS | |||||
| Financial assets | measured | at fair value through | income and expenditure | 174,151 | 593,158 |
| Balance | Balance | ||||
|---|---|---|---|---|---|
| at 6April | Gains/ | at 5 April | |||
| 2021 | Income | Expenditure | (Losses) | 2022 | |
| f | f | f | f | f | |
| UNRESTRICTED FUNDS | |||||
| General funds | 1,414,597 | 4,932,896 | (617,386) | 350,182 | 6,080,288 |
| STATEMENT OF FUNDS | —PRIOR YEAR | ||||
| Balance | Balance | ||||
| at 6 April | Gains/ | at 5 April | |||
| 2020 | Income | Expenditure | (Losses) | 2021 | |
| f | f | f | f | f | |
| UNRESTRICTED FUNDS | |||||
| General funds | 2,645,361 | 22,609 | (1,476,550) | 223,177 | 1,414,597 |
| Unrestricted | Total funds | |||||
|---|---|---|---|---|---|---|
| funds 2022 | 2022 | |||||
| f | f | |||||
| Fixed asset investments | 5,962,934 | 5,962,934 | ||||
| Current assets | 174,151 | 174,151 | ||||
| Creditors due within one year | (56,797) | (56,797) | ||||
| Creditors due after one year | ||||||
| TOTAL | 6,080,288 | 6,080,288 | ||||
| ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRIOR YEAR | ||||||
| Unrestricted | Total funds | |||||
| funds 2021 | 2021 | |||||
| f | f | |||||
| Fixed asset investments | 924,793 | 924,793 | ||||
| Current assets | 593,158 | 593,158 | ||||
| Creditors due within one year | (58,509) | (58,509) | ||||
| Creditors due after one year | (44,845) | (44,845) | ||||
| TOTAL | 1,414,597 | 1,414,597 | ||||
| 18.RECONCILIATION | OF | NET MOVEMENT | IN FUNDS | FROM OPERATING | ACTIVITIES | |
| 2022 | 2021 | |||||
| f | f | |||||
| Net (deficit)/surplus (as per |
Statement of Financial | Activities) | 4,665,691 | (1,230,764) | ||
| ADJUSTMENTS FOR: | ||||||
| (Gains)/losses on investments |
(350,182) | (223,177) | ||||
| Legacies and donations | (4,741,527) | |||||
| Dividends and interest from |
investments | (23,568) | (22,609) | |||
| Decrease in debtors | ||||||
| Decrease in creditors | (46,557) | 96,699 | ||||
| NET CASH (USED IN)/PROVIDED | BYOPERATING ACTIVITIES | (496,142) | (1,379,851) | |||
| 19.ANALYSIS OF CASH | AND CASH EQUIVALENTS | |||||
| 2022 | 2021 | |||||
| f | f | |||||
| Cash at bank and short-term | deposits | 174,151 | 593,158 | |||
| TOTAL CASH AND CASH EQUIVALENTS | 174,151 | 593,158 | ||||
| Page ] 18 |
| 2 | 0. | ANA | LYSI | S | OF CHANGE IN N |
ET DEBT | ||
|---|---|---|---|---|---|---|---|---|
| At 6April | At 5 April | |||||||
| 2021 | Cash flows | 2022 | ||||||
| f | f | f | ||||||
| Cash | at | bank | and | in | hand | 593,158 | (419,007) | 174,151 |
| Charity | |
|---|---|
| Harper Adams University |
125,000 |
| Hartpury College |
500,000 |
| Kings School Worcester | 1,190,000 |
| Midlands Air Ambulance |
500,000 |
| Royal Grammar School Worcester |
250,000 |
| The Myriad Centre | 1,000,000 |
| Three Counties Medical School |
1,500,000 |
| University of Birmingham |
75,000 |
| Worcester Cathedral | 147000 |
| TOTAL | 8287000 |