| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Unrestricted | Total | ||||
| fund | funds | ||||
| Notes | E | E | |||
| INCOME AND ENDOWMENTS | FROM | ||||
| Investment income |
1,224,513 | 1,242,260 | |||
| EXPENDITURE ON | |||||
| Raising funds | 169,272 | 163,677 | |||
| Charitable activities |
|||||
| Grants payable | 791,438 | 883,404 | |||
| Support costs | 69,364 | 69,748 | |||
| Governance costs |
3,960 | 4,239 | |||
| Total | 1,034,034 | 1,121,068 | |||
| Net gains/(losses) | on investments | 11,777,119 | (5,700,2321 | ||
| NET INCOME/(EXPENDITURE) | 11,967,598 | (5,579,040) | |||
| RECONCILIATION | OF FUNDS | ||||
| Total funds brought forward | 40,812,338 | 46,391,378 | |||
| TOTAL FUNDS CARRIED FORWARD | 52,779,936 | 40,812,338 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Unrestricted | Total | |||
| fund | funds | |||
| Notes | f | f | ||
| FIXEDASSETS | ||||
| Investments | 51,451,186 | 39,838,922 | ||
| CURRENT ASSETS | ||||
| Debtors | 12 | 81,030 | 78,347 | |
| Cash at bank | 1,364,128 | 1,096,571 | ||
| 1,445,158 | 1,174,918 | |||
| CREDITORS | ||||
| Amounts falling due within one year |
13 | (1164408) | (201,502L | |
| NET CURRENT ASSETS | 1,328,750 | 973,416 | ||
| TOTAL ASSETS LESSCURRENT LIABILITIES | 52,779,936 | 40,812,338 | ||
| NET ASSETS | 33,3 9,936 | 49.3»,339 | ||
| FUNDS | 14 | |||
| Unrestricted | funds | 5237794936 | 40812338 | |
| TOTAL FUNDS | ,»9,936 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| f | E | ||||||
| Quoted investments | -dividends | 1,182,336 | 1,193,343 | ||||
| Quoted investments | - CPF | 41,709 | 45,565 | ||||
| Short term | cash deposit | interest | 468 | 3,352 | |||
| 1,224,513 | 1,242,260 | ||||||
| RAISING FUNDS | |||||||
| INVESTMENT MANAGEMENT | COSTS | ||||||
| 2021 | 2020 | ||||||
| f | E | ||||||
| Investment | management | fees | 169,272 | 163,677 | |||
| CHARITABLE ACTIVITIES | COSTS | ||||||
| Grant | |||||||
| funding of | |||||||
| activities | Support | ||||||
| (see note | costs (see | ||||||
| 6) | note 7) | Totals | |||||
| E | E | E | |||||
| Grants payable | 791,438 | 791,438 | |||||
| Support costs | 69,364 | 69,364 | |||||
| Governance | costs | 3,960 | 3,960 | ||||
| 792d438 | 73,324 | 864,762 | |||||
| GRANTS PAYABLE | |||||||
| 2021 | 2020 | ||||||
| f | E | ||||||
| Grants paya | ble | 792ASB | 883A04 |
| 6. | GRANTS PAYABLE - continued | ||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| E | |||||
| Balance brought forward |
6,000 | 19,910 | |||
| Com uni Pro acts and lnt |
ation | ||||
| Ackers Adventure, Birmingham |
5,000 | ||||
| Age Concern Birmingham |
5,000 | ||||
| Betel UK | 5,000 | ||||
| Bike Project | 3,000 | ||||
| Birmingham Children's Community |
Venture | 5,000 | |||
| Birmingham City Mission |
5,000 | ||||
| Birmingham People's Centre |
3,000 | ||||
| Bromsgrove Minibus Appeal |
3,000 | ||||
| Bromsgrove United Charities |
3,000 | ||||
| Bryony House, Selly Oak | 5,000 | ||||
| Caring for Communities and People |
5,000 | ||||
| Climbing Out |
3,875 | ||||
| Community Link (Stafford &District) |
3,000 | ||||
| Cystic Fibrosis Holiday Fund |
3,000 | ||||
| Dodford Children's Farm, Bromsgrove |
3,000 | ||||
| Emmanuel New Life Community |
Church | 5,000 | |||
| Friends World Committee for Consultation |
5,000 | ||||
| Hearing Dogs for Deaf People | 3,000 | ||||
| Heart of England Community Foundation |
50,000 | 50,000 | |||
| Heaven Gate Centre, Birmingham | 3,000 | ||||
| Hill Street Youth and Community | Centre, Coventry | 50,000 | |||
| Home-Start Derby |
5,000 | ||||
| Immanuel Church, Highters Heath |
5,000 | ||||
| Jericho Foundation, Birmingham |
5,000 | ||||
| Kidderminster Baptist Church |
3,000 | ||||
| KIDS | 5,000 | ||||
| Maggs Day Centre, Worcester | 5,000 | ||||
| Malvern Special Families |
3,000 | ||||
| Marine Society and Sea Cadets | 10,000 | ||||
| Martineau Gardens, Birmingham |
5,000 | ||||
| National Star | 25,000 | ||||
| Oldbury New Testament Church |
ofGod | 5,000 | |||
| StChad's Church, Rubery |
3,000 | ||||
| St Chad's Church, Sutton Coldfield | 5,000 | ||||
| StGermain's Church, Edgbaston |
10,000 | ||||
| StJohn's Church, Bromsgrove | 5,000 | ||||
| StJohn the Baptist Church, Eastnor | 5,000 | ||||
| StLaurence Church, Northffeld |
5,000 | ||||
| StMary's Youth Project, Cleobury | Mortimer | 3,000 | |||
| St Michael and All Angels Church, | Thurmaston | 5,000 | |||
| Sandwell Asian Development Association |
5,000 | ||||
| Sandwell Churches Link |
5,000 | ||||
| Scouts: 2nd Brewood Scout Group | 3,000 | ||||
| Balance carried forward | 141,875 | 239,910 |
| 6. | GRANTS PAYABLE - continued | |||||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| E | E | |||||
| Balance brought forward |
141,875 | 239,910 | ||||
| Scouts: 7th Wyre Forest Scout Group | 4,000 | |||||
| Sea Cadets: Birmingham Vernon |
Unit | 3,000 | ||||
| Smethwick Church Action Network |
3,000 | |||||
| Sport4Life | 5,000 | 3,000 | ||||
| StFrancis Youth and Community | Centre, Bournville | 3,000 | ||||
| St Mark's All Together in One Place, |
Stoke | 3,000 | ||||
| Variety, the Children's Charity |
5,000 | |||||
| Warwickshire (2nd) Sea Scouts |
4,000 | |||||
| Windmill Community Church, Wolverhampton |
5,000 | |||||
| Worth Foundation Ltd Plus 11/44 grants ofless than f3,000 |
21,898 | 3,000 75,350 |
||||
| Conservation and Environment |
||||||
| Avoncroft Museum of Buildings | 500 | 10,000 | ||||
| British Trust for Ornithology | 3,000 | |||||
| Ironbridge Gorge Museum Trust |
50,000 | |||||
| Lapel Canal Trust | 5,000 | |||||
| Nottinghamshire Wildlife Trusts |
3,000 | |||||
| StGeorge's Church, Edgbaston | 4,000 | |||||
| Shrewsbury Abbey |
5,000 | |||||
| Staffordshire Wildlife Trust |
5,000 | |||||
| Warwick Quaker Meeting Plus 0/8 grants ofless than f3,000 |
3,000 | 14,074 | ||||
| Corn asslonate Su ort |
||||||
| ARCOS | 5,000 | |||||
| Autistica | 5,000 | |||||
| Beating Time | 3,000 | |||||
| Bethel Health and Healing | 5,000 | |||||
| Big Issue | 5,000 | |||||
| Birmingham City Mission |
5,000 | |||||
| Birmingham Community Healthcare |
Trust | 5,000 | ||||
| Birmingham St Mary's Hospice |
5,000 | |||||
| Birmingham Samaritans |
5,000 | |||||
| Birmingham Women's Hospital |
Charity | 100,000 | ||||
| British Red Cross | 4,500 | 5,000 | ||||
| Broardening Choices |
5,000 | |||||
| Castel Froma, Leamington Spa |
5,000 | |||||
| Cavell Nurses | 5,000 | |||||
| Chris Westwood Charity for Children |
3,000 | |||||
| Cruse Bereavement Care, Shropshire |
6,000 | |||||
| Cystic Fibrosis Trust | 5,000 | |||||
| Balance carried forward | 280,773 | 523,334 |
| 6. | GRANTS PAYABLE - continued | ||||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| E | E | ||||||
| Balance brought forward | 280,773 | 523,334 | |||||
| Dimbleby Cancer Care Map | 10,000 | ||||||
| Family Action | 10,000 | ||||||
| Family Society | 5,000 | ||||||
| Father Hudson's Society |
20,000 | ||||||
| FoodCycle | 10,000 | ||||||
| Hereford shire Samaritans |
5,000 | ||||||
| Hope Support Services | 3,000 | ||||||
| House of Bread | 5,000 | ||||||
| LawWorks | 5,000 | ||||||
| Macintyre | 3,600 | ||||||
| Macular Society | 3,000 | ||||||
| Marie Curie Cancer Care | 7,800 | ||||||
| Mary Stevens Hospice, Stourbridge | 20,000 | 5,000 | |||||
| Myton Hospices | 5,000 | ||||||
| Neuromuscular Centre Midlands |
5,000 | ||||||
| Primrose Hospice, Bromsgrove | 5,000 | ||||||
| Redthread Youth Ltd |
5,000 | ||||||
| Re-Engage | 5,000 | ||||||
| St Basils | 20,000 | ||||||
| StJohns Ambulance | 5,000 | ||||||
| Samaritans Birmingham |
5,000 | ||||||
| Sandwell and West Birmingham |
Hospitals | NHS Trust | 5,000 | ||||
| Sandwell Homeless/Resettlement |
Project | 11,000 | |||||
| St Martin's Centre for Health and |
Healing, | Birmingham | 5,000 | 5,000 | |||
| Shrewsbury Ark |
5,000 | ||||||
| Shrewsbury Samaritans |
5,000 | ||||||
| SIFA Fireside | 20d000 | ||||||
| Signal | 3,000 | ||||||
| South Warwickshire NHS Foundations |
Trust | 5,000 | |||||
| Stroke Association | 3,500 | ||||||
| University Hospitals Birmingham |
Charity | 5,000 | |||||
| University Hospitals of North Midlands |
5,000 | ||||||
| Walsall Society for the Blind | 5,000 | ||||||
| West Mercia Rape &Sexual Abuse | Support | 3,000 | |||||
| Worcester Samaritans | 5,000 | ||||||
| Worcestershire Acute Hospitals |
Charity | 5,000 | |||||
| YMCA Sutton CoIdfield | 5,000 | ||||||
| Zoe's Place Baby Hospice, Coventry | 10,000 | ||||||
| Plus 6/29 grants ofless than E3,000 | 8,900 | 46,070 | |||||
| dodd dd |
|||||||
| Access Project | 5,000 | ||||||
| Albrighton Trust |
5,000 | ||||||
| Archbishop ofYork Youth Trust | 5,000 | ||||||
| Balance carried forward | 481,273 | 670,704 |
| 6. | GRANTS PAYABLE - continued | GRANTS PAYABLE - continued | |||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| f | E | ||||||
| Balance brought forward |
481,273 | 670,704 | |||||
| Birmingham Disability Resource Centre |
5,000 | ||||||
| BJCooper Bequest Trust | (Chadsgrove | School) | 5,000 | ||||
| Bryntail Cottage Charity | 10,000 | ||||||
| Central England Quakers: Peacemakers |
5,000 | ||||||
| Criminon UK |
3,000 | ||||||
| Dodford Children's Farm, Bromsgrove |
3,000 | ||||||
| Fort Royal Primary School (Friends of) | 3,000 | ||||||
| Hardman Trust |
5,000 | ||||||
| Home for Good | 4,000 | ||||||
| Insight | 3,000 | ||||||
| Listening Books |
3,000 | ||||||
| Longlands | 5,000 | ||||||
| Martineau Gardens, Birmingham |
5,000 | ||||||
| New College Worcester | 4,200 | ||||||
| New Model Institute for | Technology | and Engin | eenng | 53,165 | |||
| No Way Trust | 5,000 | ||||||
| Normandy Day UK |
2,000 | ||||||
| Queen Alexandra College |
5,000 | ||||||
| Royal National College for the Blind |
—Hereford | 4,000 | |||||
| St Basils (Halam Youth Village) | 50,000 | ||||||
| SENSETouchbase Centre, | Birmingham | 50,000 | 75,000 | ||||
| Sight Concern, Worcestershire | 5,000 | ||||||
| Steps Conductive Education Centre |
3,000 | ||||||
| Trailblazers Mentoring |
4,000 | ||||||
| Wildgoose Rural Training |
5,000 | ||||||
| Woodbrooke Quaker Study Centre: |
W | Littleboy | s bursaries | 8,000 | |||
| Young People First Midlands | 5,000 | ||||||
| Plus 4/18 grants of less than E3,000 | 7,000 | 36,000 | |||||
| Interfaith and Multifaith |
Relations | ||||||
| The Feast Youth Project | 3,000 | ||||||
| Plus 0/1 grant ofless than E3,000 | 1,000 | ||||||
| Research | |||||||
| Action Medical Research | 10,000 | ||||||
| Alzheimer's Research UK |
10,000 | ||||||
| Bone Cancer Research Trust | 5,000 | ||||||
| Brain Tumour | 10,000 | ||||||
| DEBRA | 50,000 | 25,000 | |||||
| Diabetes UK |
10,000 | ||||||
| Organic Research Centre | 3,000 | ||||||
| The Scar Free Foundation | 15,000 | ||||||
| Plus 0/1 grant of less than | E3,000 | ||||||
| Total of104/193 grants payable | 791,438 | 883,404 |
| Information | Governance | |||||
|---|---|---|---|---|---|---|
| Management | Finance | technology | costs | Totals | ||
| E | E | E | E | f | ||
| Support costs | 68,905 | 129 | 330 | 69,364 | ||
| Governance | costs | 3,960 | 3,960 | |||
| 88,905 | 129 | 330 | 3,960 | 73,324 |
| 2021 | 2020 | ||
|---|---|---|---|
| Support | Total | ||
| costs | activities | ||
| E | E | ||
| Wages | 54,298 | 53,350 | |
| Social security | 2,279 | 3,171 | |
| Pensions | 5,435 | 5,345 | |
| Rent | 9,243 | 8,750 | |
| Insurance | 5,434 | 4,700 | |
| Telephone | 1,867 | 1,258 | |
| Postage and stationery | 1,238 | 1,550 | |
| Subscriptions | 595 | 588 | |
| Legal and professional | 1,412 | 1,847 | |
| Sundries | 754 | 1,871 | |
| Administration | fee | (13,650) | (13,500) |
| 68,905 | 68,930 | ||
| FINANCE | |||
| 2021 | 2020 | ||
| Support | Total | ||
| costs | activities | ||
| 6 | f | ||
| Bank charges | 129 | 260 |
| INFORMA | TION | TECHNOLOGY | ||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Support | Total | |||
| costs | activities | |||
| E | f | |||
| ITcosts | 330 | 558 | ||
| GOVERNANCE | COSTS | |||
| 2021 | 2020 | |||
| Governance | Total | |||
| costs | activities | |||
| 6 | E | |||
| Auditors' | remuneration | 3,960 | 4,028 | |
| Sundries | 211 | |||
| 3,960 | 4,239 |
| STAFF COSTS | ||||
|---|---|---|---|---|
| 2021 | 2020 | |||
| E | E | |||
| Wages and salaries | 54,298 | 53,350 | ||
| Social security costs | 2,279 | 3,171 | ||
| Other pension costs | 5,435 | 5,345 | ||
| 62,012 | 61,866 | |||
| The average monthly | number ofemployees | during the year was as follows: | ||
| 2021 | 2020 | |||
| Management | 1 | 1 |
| 10. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES |
|
|---|---|---|---|
| Unrestricted | |||
| fund | |||
| E | |||
| INCOME AND ENDOWMENTS | FROM | ||
| Investment income |
1,242,260 | ||
| EXPENDITURE ON | |||
| Raising funds | 163,677 | ||
| Charitable activities |
|||
| Grants payable | 883,404 | ||
| Support costs | 69,748 | ||
| Governance costs |
4,239 | ||
| Total | 1,121,068 | ||
| Net gains/(losses) on investments |
(5,700,232) | ||
| NET INCOME/(EXPENDITURE) | (5,579,040) | ||
| RECONCILIATION OF FUNDS |
|||
| Total funds brought forward | 46,391,378 | ||
| TOTAL FUNDS CARRIED FORWARD | 48,812,338 |
| 2021 | 2020 | ||
|---|---|---|---|
| E | f | ||
| Market value at 6April 2020 | 39,416,760 | 44,941,137 | |
| Additions | at cost | 15,839,563 | 19,869,624 |
| Sale proceeds on disposal | (15,637,272) | (19,693,769) | |
| Gain/(loss) | in the year: | ||
| -realised | and unrealised | 11,777,119 | (5,700,232) |
| 51,396,170 | 39,416,760 | ||
| Cash on deposit as at 5April 2021 | 55,016 | 422,162 | |
| Market value at 5April 2021 | 51,451,186 | 39,838,932 | |
| Historic cost at 5April 2021 | 42,737,235 | 40,934,985 | |
| ANALYSIS | OF INVESTMENTS | ||
| 2021 | 2020 | ||
| f. | f | ||
| UK gilts | 1,274,674 | ||
| UK quoted | equities | 24,222,985 | 20,199,342 |
| Non-UK quoted equities and bonds | 24/004801 | 15,520,075 | |
| UKquoted | bonds | 2,772,384 | 2,422,679 |
| Cash | 55,016 | 422,162 | |
| ~1,451, 86 | 59,838,982 |
| Individu | al in |
vestme | nts | in exce | ss ofSNofthe total portfolio va | lue consist ofthe following. | |
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| f | f | ||||||
| Findlay | Park | Funds | pic | (2020: | 6.02%) | 2,398,904 | |
| 2,398,994 |
| 13. | CREDITORS: | AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| f | E | |||||
| Other creditors | 116,408 | 201,502 | ||||
| 14. | MOVEMENT | IN FUNDS | ||||
| Net | ||||||
| movement | At | |||||
| At 6.4.20 | in funds | 5.4.21 | ||||
| E | E | E | ||||
| Unrestricted | funds | |||||
| General fund | 40p812p338 | 1lg967p598 | 52p779 936 | |||
| TOTAL FUNDS | 40p812y338 | 11~967p598 | 52~779~936 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| E | E | E | E | ||
| Unrestricted | funds | ||||
| General fund | 1,224,513 | (1,034,034) | 11,777,119 | 11,967,598 | |
| TOTAL FUNDS | .H4, 1 |
(,0%4,03~I | 11,777,119 | 11,961,598 |
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 6.4.19 | in funds | 5.4.20 | ||
| E | E | E | ||
| Unrestricted | funds | |||
| General fund | 46,391,378 | (5,579,040) | 40,812,338 | |
| TOTAL FUNDS | 46,391,378 | (5,579,040) | 40,812,338 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| E | E | E | |||
| Unrestricted | funds | ||||
| General fund | 1,242,260 | (1,121,068) | (5,700,232) | (5,579,040) | |
| TOTALFUNDS | 1,242,260 | (1,121,068) | (5,700,232) | (5,579,040) |
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 6.4.19 | in funds | 5.4.21 | ||
| E | 6 | |||
| Unrestricted | funds | |||
| General fund | 46,391,378 | 6,388,558 | 52,779,936 | |
| TOTALFUNDS | 46,391,378 | 6,388,558 | 52,779,936 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| E | E | f | E | ||
| Unrestricted | funds | ||||
| General fund | 2,466,773 | (2,155,102) | 6,076,887 | 6,388,558 | |
| TOTALFUNDS | 2466773 | (2 155102) | 6076887 | 6~388558 |
| RECONCILIATION | RECONCILIATION | OF NET INCOME/(EXPENDITURE) | OF NET INCOME/(EXPENDITURE) | OF NET INCOME/(EXPENDITURE) | OF NET INCOME/(EXPENDITURE) | TO NET CASH | FLOW FROM | OPERATING ACTIVITIES | OPERATING ACTIVITIES |
|---|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||||
| E | E | ||||||||
| Net income/(expenditure) | for the reporting | period | (as per the | ||||||
| Statement of | Financial Activities) | 11,967,598 | (5,579,040) | ||||||
| Adjustments | for: | ||||||||
| (Gain)/losses | on investments | (11,777,119) | 5,700,232 | ||||||
| Interest received | (468) | (3,352) | |||||||
| Dividends received |
(1,224,045) | (1,238,908) | |||||||
| (Increase)/decrease | in debtors | (2,683) | 43,461 | ||||||
| (Decrease)/increase | in creditors | (85,094) | 157,798 | ||||||
| Net cash used | in operations | (1,121,811) | (919,809) | ||||||
| ANALYSIS OF | CHANGES | IN NET FUNDS | |||||||
| At 6.4.20 | Cash flow | At 5.4.21 | |||||||
| E | E | E | |||||||
| Net cash | |||||||||
| Cash at bank | 1,096,571 | 267,557 | 1,364,128 | ||||||
| Cash with investment | manager | 422,162 | (367,146) | 55,016 | |||||
| 1,096,571 | (99,589) | 1,419,144 | |||||||
| Total | 1,096,571 | ~99,999 | 1,419,144 |
| 2021 | 2020 | |
|---|---|---|
| E | E | |
| Within one year | 9,250 | 9,073 |
| Between two and five years | 2,965 | 12,215 |
| In more than five years | ||
| 12,215 | 21,288 |