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|---|---|---|---|---|---|
|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|
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|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||
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|||||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|
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|||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|
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|.
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|||
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|||||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|||
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|2023|2022|
|---|---|
|f|f|
|5,700|5,100|
|5,700|5,100|
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||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|
##
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|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|
##
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|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|
##
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||||||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|
##
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|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|
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||||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|