| 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 lan Smith | |||
| Charity registered | number | 1148325 | |
| Principal office | Pear Tree Cottage | ||
| Yarrington Road |
|||
| Alfrick | |||
| Worcestershire | |||
| WR6 5EX | |||
| Auditors | Curo Professional | Services Ltd | |
| Westonh all Road | |||
| Stoke Prior | |||
| Bromsgrove | |||
| Worcestershire | |||
| B604AL | |||
| Solicitors | Harrison Clark Rickerbys |
||
| 5 Deansway | |||
| Worcester | |||
| WR1 2JG |
| Unrestricted | Total | Total funds | ||||
|---|---|---|---|---|---|---|
| funds | funds 2023 | 2022 | ||||
| 2023 | ||||||
| Note | f | |||||
| INCOME FROM: | ||||||
| Donations and legacies |
5,179,113 | 5,179,113 | 4,909,328 | |||
| Investments | 184,558 | 184,558 | 23,568 | |||
| TOTAL INCOME | 5,363,671 | 5,363,671 | 4,932,896 | |||
| EXPENDITURE ON: | ||||||
| Charitable activities |
4,226,709 | 4,226,709 | 617,386 | |||
| TOTAL EXPENDITURE | 4,226,709 | 4,226,709 | 617,386 | |||
| Net gains/(losses) | on investments | 24 | (314,017) | (314,017) | 350,181 | |
| NET MOVEIVIENT | IN | FUNDS | 822,945 | 822,945 | 4,665,691 | |
| RECONCILIATION | OF FUNDS: | |||||
| Total funds brought | forward | 6,080,288 | 6,080,288 | 1,414,597 | ||
| Net movement of |
funds | 822,945 | 822,945 | 4,665,691 | ||
| TOTAL FUNDS CARRIED | ||||||
| FORWARD | 6,903,233 | 6,903,233 | 6,080,288 |
| 2023 | 2022 | ||
|---|---|---|---|
| E | E | ||
| CASH FLOWS FROM OPERATING ACTIVITIES | |||
| Net cash (used in)/provided by operating activities |
(2,771,806) | (496,142) | |
| CASH FLOWS FROM INVESTING ACTIVITIES | |||
| Dividends and interest from investments |
184,558 | 23,568 | |
| Proceeds from sales of investments | 5,902,981 | 83,047 | |
| Purchase ofinvestments | (585,410) | (29,480) | |
| NET CASH PROVIDED (USED IN)/BY INVESTING | 5,502,129 | 77,135 | |
| ACTIVITIES | |||
| CASH FLOWS FROM FINANCING ACTIVITIES |
|||
| NET CASH PROVIDED BYFINANCING ACTIVITIES |
|||
| CHANGE IN CASH AND CASH EQUIVALENTS |
IN THE YEAR | 2,730,323 | (419,007) |
| Cash and cash equivalents at the beginning ofthe year |
174,151 | 593,158 | |
| CASH AND CASH EQUIVALENTS AT THE END | OF THE YEAR | 2,904,474 | 174,151 |
| . INCOME FROM DONATION |
S AND LEGACIES |
|||
|---|---|---|---|---|
| Unrestricted | Total funds | Tota | I funds | |
| funds 2023 | 2023 | 2022 | ||
| f | f | f | ||
| Legacies | 5,179,113 | 5,179,113 | 4,909,328 | |
| 5,179,113 | 5,179,113 | 4,909,328 | ||
| TOTAL 2022 | 4,909,328 | 4,909,328 |
| Unrestricted | Total funds | Total funds | ||||
|---|---|---|---|---|---|---|
| funds 2023 | 2023 | 2022 | ||||
| f | f | , E | ||||
| income from listed investments | 179,673 | 179,673 | 20,378 | |||
| investment income —cash |
deposits | 4,885 | 4,885 | 3,190 | ||
| 184,558 | 184,558 | 23,568 | ||||
| TOTAL 2022 | 23,568 | 23,568 | ||||
| 5. ANALYSIS OF GRANTS |
||||||
| Grants to | Total funds | Total funds | ||||
| institutions | 2023 | 2022 | ||||
| 2023 | ||||||
| f | ||||||
| Grants, supporting Herefordshire |
5 | |||||
| Worcestershire charities |
4,215,755 | 4,215,755 | 608,471 | |||
| TOTAL 2022 | 608,471 | 608,471 | ||||
| 6. GRANTS MADE TO |
CHARITABLE ORGANISATIONS | |||||
| Charity | 2023 | 2022 | ||||
| Acorns Children's Hospice |
10,471 | |||||
| ARCOS | 25,000 | |||||
| Bromsgrove International |
Music | Competiton | 6,000 | |||
| Game and Wildlife Conservation | Trust | 40,000 | ||||
| Harper Adams University |
15,000 | 15,000 | ||||
| Harper Adams University |
125,000 | |||||
| Worcester Community Foundation |
10,000 | |||||
| Kemp Hospice | 15,000 | |||||
| King's School Worcester | 77,671 | |||||
| King's School Development | Trust | 1,100,000 | ||||
| Megan Baker House | 25,000 | |||||
| Midlands Air Ambulance |
Charity | 500,000 | ||||
| Museum of Royal Worcester |
5,000 | |||||
| Myriad Centre | 488,584 | 25,000 | ||||
| Primrose Hospice |
24,000 | |||||
| RGS and AOS Foundation | 250,000 | |||||
| Sight Concern Worcestershire | 25,000 | |||||
| Spinal Research | 2,500 | |||||
| Page ( 14 |
| St Michael's Hospice |
St Michael's Hospice |
50,000 | |||
|---|---|---|---|---|---|
| St Richard's | Hospice | 100,000 | |||
| University | ofWorcester | (Three Counties | Medical School) | 1,500,000 | |
| University | of Birmingham | - Kidney Research | 75,000 | 75,000 | |
| Worcester | Cathedral | 147,000 | 60,000 | ||
| Worcestershire Breast Unit Haven |
20,000 | 3,000 | |||
| Yana | 10,000 | ||||
| 4,215,755 | 608,471 |
| Summary o |
f | fund | type | |||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Total funds | Total | funds | |||||
| funds 2023 | 2023 | 2022 | ||||||
| E | f | f | ||||||
| Supporting charities |
Herefordshire | 5 Worcestershire | 4,226,709 | 4,226,709 | 617,386 | |||
| TOTAL 2022 | 617,386 | 617,386 | ||||||
| . ANALYSIS |
OF | EXPENDITURE BYACTIVITIES | ||||||
| Grant funding | Support and | |||||||
| ofactivities | governance | Total funds | Tota | I funds | ||||
| 2023 | costs 2023 | 2023 | 2022 | |||||
| f | f | f | E | |||||
| Supporting Herefordshire 5.Worcestershire charities |
4,215,755 | 10,954 | 4,226,709 | 617,386 | ||||
| TOTAL 2022 | 608,471 | 8,915 | 617,386 | |||||
| Analysis of | support costs | |||||||
| Supporting | Total | Total funds | ||||||
| charities | funds | 2022 | ||||||
| 2023 | 2023 | |||||||
| f | f | E | ||||||
| Legal and professional | 4,694 | 4,694 | 3,315 | |||||
| Sundry Accountancy |
60 500 |
60 500 |
500 | |||||
| Governance | costs | 5,700 | 5,700 | 5,100 | ||||
| 10,954 | 10,954 | 8,915 | ||||||
| TOTAL 2022 | 8,915 | 8,915 |
| 2023 | 2022 |
|---|---|
| f | f |
| 5,700 | 5,100 |
| 5,700 | 5,100 |
| Listed | |
|---|---|
| Investments | |
| f | |
| COST OR VALUATION | |
| At 6 April 2022 | 5,962,934 |
| Additions | 4,264,522 |
| Disposals | (6,182,005) |
| Revaluations | (34,992) |
| AT 5 APRIL 2023 | 4,010,459 |
| NET BOOK VALUE | |
| AT 5 APRIL 2023 | 4,010,459 |
| AT 5 APRIL 2022 | 5,962,934 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| f | ||||||
| Accruals and deferred | income | 5,700 | 6,600 | |||
| Bromgrove | International | Music Competition | 6,000 | |||
| Acorns Children's | Hospice | 50,197 | ||||
| 11,700 | 56,797 |
| 4.FINANCIAL INSTRUM |
ENTS | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| f | f | |||
| FINANCIAL ASSETS | ||||
| Financial assets measured | at fair value through | income and expenditure | 2,904,474 | 174,151 |
| STATEMENT OF FUNDS | —CURRENT YEA | R | |||
|---|---|---|---|---|---|
| Balance | Balance | ||||
| at 6 April | Gains/ | at 5 April | |||
| 2022 f |
Income f |
Expenditure f |
(Losses) f |
2023 f |
|
| UNRESTRICTED FUNDS | |||||
| General funds | 6,080,288 | 5,363,671 | (4,226,709) | (314,017) | 6,903,233 |
| STATEMENT OF FUNDS | —PRIOR YEAR | ||||
| Balance | Balance | ||||
| at 6 April | Gains/ | at 5 April | |||
| 2021 f |
Income f |
Expenditure f |
(Losses) f |
2022 f |
|
| UNRESTRICTED FUNDS | |||||
| General funds | 1,414,597 | 4,932,896 | (617,386) | 350,181 | 6,080,288 |
| NALYSIS OF NET ASSETS BETWEEN FUNDS - CUR | RENT YEAR | |
|---|---|---|
| Unrestricted | Total funds | |
| funds 2023 | 2023 | |
| f | f | |
| Fixed asset investments | 4,010,459 | 4,010,459 |
| Current assets | 2,904,474 | 2,904,474 |
| Creditors due within one year | (11,700) | (11,700) |
| Creditors due after one year | ||
| TOTAL | 6,903,233 | 6,903,233 |
| 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 | ||||
| 17.RECONCILIATION | OF NET | MOVEMENT | IN FUNDS FROM | OPERATING ACTIVITIES | ||
| 2023 | 2022 | |||||
| f | f | |||||
| Net (deficit)/surplus (as per |
Statement of Financial Activities) | 822,945 | 4,665,691 | |||
| ADJUSTMENTS FOR: | ||||||
| (Gains)/losses on investments |
314,017 | (350,181) | ||||
| Legacies and donations | (3,679,113) | (4,741,527) | ||||
| Dividends and interest |
from | investments | (184,558) | (23,568) | ||
| Decrease in debtors |
||||||
| Decrease in creditors |
(45,097) | (46,557) | ||||
| NET CASH (USED IN)/PROVIDED | BYOPERATING ACTIVITIES | (2,771,806) | (496,142) | |||
| 18.ANALYSIS OF CASH AND CASH EQUIVALENTS | ||||||
| 2023 | 2022 | |||||
| f | f | |||||
| Cash at bank and short-term | deposits | 2,904,474 | 174,151 | |||
| TOTAL CASH AND CASH EQUIVALENTS | 2,904,474 | 174,151 | ||||
| 19.ANALYSIS OF CHANGE IN NET DEBT |
||||||
| At 6 April | At 5 April | |||||
| 2022 | Cash flows | 2023 | ||||
| f | f | f | ||||
| Cash at bank and in hand | 174,151 | 2,730,323 | 2,904,474 |
| Charity | ||
|---|---|---|
| Bromsgrove international |
Music Competition | 9,000 |
| Game and Conservation | Trust | 60,000 |
| Hartpury University |
500,000 | |
| Myriad Centre | 530,850 | |
| Three Counties Showground | 1,250,000 | |
| Worcester Cathedra I (landscaping) |
250,000 | |
| Total | 2,599,850 |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2023 | 2023 | 2022 | |||
| f | f | E | |||
| Revaluation | gains/(losses) | on investments | (34,992) | (34,992) | 18,620 |
| Profit/(loss) | on disposal of | investments | (279,025) | (279,025) | 331,561 |