REGISTERED CllAR￿ NUMBER: 116(I199 Office 2 GttswoI& How¢ 197b Ststion Ri)ad Koowle Sojihull West Midlan B93 OPU Knowle UnltÈd ontents of the Finan forthey Chalrm*n'$ Rewjrt Report ofthe Truth IndepeDdenl Exanthier'i Report Statement of FIn￿ethI Attlvltk• B•lAllee Sheet Notu ¢0 tbe FthAndMJ Statements Detalled Statement •f FIlland￿ A¢drftl 11 to 12 KDOW Uni l arn ple￿￿ toprwrt the Knowle United Charity Ann￿1 Re[￿rt ofthe TnL*&q f{￿the year eJditi8 3]￿ Marth 2022. Th¢ Chwity trae¢s its origll￿ to the end of the 16th Certw and provides financial &ssistance towards personal and COTnmunTty n¢ed4 of wblic benefit within the l¢Kal ecclesias11￿1 parishes of Knowle, fknidge & Barston and the civil Fwish¢5 of BalsBII C(ffiunon & Chadwkck En As th¢ Charity's fiT)ancial th¢ world w&$ c(*ning to tern￿ with wgr in Ukrntne, high inflatiOT4 and in the wake of the Covi&19 pandemic a de8r¢e of nonnaiity w&$ anticipated Turning to the board of Trnstees itself, we w¢tt delight￿j to welriNrte H￿InS &8 the cTr trustee for St SwithiN BaTSton. An Annual Budga is agree¢ ond fc*mal R¢8•ves and Investment w)li¢ies are reviewed annually alongside a Risk Assessment analysis. Thex tske ints) xcount the need liquid fimds and a ¢onungeno reserv¢. approXin￿ting to the annual rarta] income. Nuir¢d to enable the making of grants and service Omional wsts in maintsining th¢ Charitys re5identia] prcoerty portfolio., a temp)rdry waiwng of this ratio h&% again Eeen aweed in the aft￿8th of the ptDp purchase which took place 3 yeats a80. and this waiving is unduc(xJtht review. The principa] SOLw¢e of income is Yentsls the Charnys invutsnffLt in 22 Ttsidenlial wowi¢s let at market-b&8ed rents. Such income in the past year to￿ling £158.(All (£134.710). It is plea8ing to report high tenancy levels and ihere were no rent arrears. T¢Xal inccrfne was £167293 (£143.954)' expenditure was £166289 (£148255) resuhin8 in nel expenditure of £4JOI (as a result of the c￿t of survty Valu￿1(￿$ and the spe¢ial Covid w m￿ti￿e•l beknv). Majorexpendittwes includt Edu¢ation £21.6(X) (£24.&X)X Youth & Care workers grants £22.795 (£20.880). Christtnas Donations £3)￿ {£2J50k Propty mainten8n¢¢ £53.450 following ihe swveys (£18,026). In Summ￿. Charity ¢OntInu￿ in a str(¥J8 fuwi¢i81 F¥)si¢ion with he4]thy regular rents] I￿orne. In addition. this ye4r. we are to have ll￿d to rnBke athird Tound of Sp￿1￿ grants to our local schools 8mouniirt8 to £30,0￿ io assi￿ them financialty in the aftern)ath the Covid 19 Crisis. The ¢¢mprehensive pro8ramme of Mainten￿ and repwrwork to ow&Yo￿leS following lost year's surv¢y$ is now virtualty ¢(wnp￿¢. We are ￿teful for the continued hard work put in iry the ClerL Simon Chaloner. in ke¢pin8 abre& of day-t(Aay charity matters. I would a]so lik¢ to all the Trthstees fLY their continu eommitmenl to Charity business. Finally. l am pleased to thank ow pYof¢$5i(xwI adviscrt fortheir supwrt when called up)n in ofleg4L w)unWl¢y and matters. Stephen Paul Street wle of the Trn Th¢ tnmees present their rerth with the financial ststements of the charity for the year ended 3 1st March 2022. The stees have adopted the provisions of Accounting and R¢FKYting by ChaTilies.' Stsiernent of R&ommended Practic¢ applicable to Charities Prewing their a￿¢MIts in aCc￿danCe with the Finwia] Rqxirttiig Standard applicable in the UK and Republic of Ireland (FRS I￿2) {¢ff#iive l Jonwy 2019). STRUCTURK, COVERNANCE AIW MANAGEME]YT Governing doeumellt Knowle United Charity 1$ ¢onstitut¢d as a Cknitlbk Incw*d CW)]￿. It was registered with the Charity Cornmissioners on 16th March 2016. It over the activiti&% and assets fr(Yn Knowle Unit&J Charity (registered charity number l(M2123) and Knowle Educational Charity (re8iStty￿ charity number l(M2124) REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number I16(￿99 Prlntlpal addr Mr S Chaion¢r. Cle]k ¢0 the Tnts*es 31 K¢n1lw￿h R￿1 Knowle Solihull West Midland¥ B93 OJB Trugte Mr Stephen Street. Dorridge PCC Chainnan Mr Clive Blakey- Justi¢¢ of the P Mr Ri¢hard Abbey. Cfropted Dr Michael T Bleby- Cowopted Mr J¢ff Dayies Chadwick End PC Trwurer Cllr. Diane Holl-Allen MBE- Solihull MBC Rev'd Geoff Lanham Ms Carol ixetrh. Knowle PCC Mr$ Lynda Mackay- Knowle CE Primary Acathmy Gov¢rnLWS Mrs Hilory Motti8- c￿OF¢rA￿ Mr8 Helen MundAy- Cfr Mr Paul Orton- Co-(Pted Mr Richard Lloyd Jndepemdent Examlner We5t- Chartered Accountarfs Office 2 Greswolde House 197b Station Ro*J Knowle Solihull West Midlandq B93 OPU Approved by or&[ of the W of trus*¢8 on 13th Ikcember ))22 and sly￿1 (m Tts l￿halfby'. Mr Slephen Street. Tn￿te¢ Ind elldent Examlner. Independent uamfiner'$ report to the trustees of Knowk UDited CbArSty I report to the charity In￿ on my eXanU￿ of the x¢(wnts of K￿le uD]￿J Clwity (tk Tn￿l} for the y¢ ended 31st March 2022. RUpon￿b￿ltkS and of report As the chan.ty tsvstees of the Tn￿t you are re4h)D80)k for the pwtion of the in w)rd&ll￿ with the requirenMIts of the Charits"es Aci 2011 Cthe ACV). I r¢p)rt in r¢spect of tlly exatniwtson of the TnL8Vs acc(yJnts CthTied out urth stttion 145 of the Act and in cary￿1g out my examination I have follow￿ all atsJli(able Directi￿ gilttt by the awity undtt stttion 145(5Xb) of the A¢L tndependeDt uamlDer?* itattmetht I have Complet￿ my examin￿10￿. I confrm that w matr11￿ znatth ha￿ cimne to my attention in conTWtion with the ac¢ountin8 tteor& wue kept itt r4)￿1 of the Tn￿1 u requWedby¥xti￿) 130 of the A¢( or the accounts do not accord with dM)se recor￿. or in the Charities (Accounts and Rew)rt8) R¢￿latiON 2(K)8 Othtt than any requirrnt that the a¢¢ounts 8ive a oirL¢e 2 Greswolde Hou 197b Station Road KTh)wle Solihull W&qt Mid]oTh B93 OPU Date: ............................................. Knowle nited Ch tolF 2022 2021 Total fuDds Invutsnent itKome Otha inc4)m¢ Isooi 134,710 9244 167,293 143.954 EXPENDrruRE ON Raisin8 fimds 61J96 26.18J CltArltable afdvlt Education grants 21, 22,795 24,600 20.880 5,000 48.1(M) 2,350 Swial grants Covid grant to 8¢h(KFIs 411S11 14,788 21,140 Totsl 166289 148.255 NET INCOMFJ(EXPENDITURE) (4,301) Gains on rtV41uatton of fix￿ a&4ets 1,406.274 Net movemenl In fundi 1,401.973 RECONCILIATIOL¥ OF FUNDS T•tsl brought fonv*rd 4J97,737 3,193.764 TOTAL FUNDS CARRIED FORWARD 4J98.741 4.597,737 Ba]an(e Sheet 2022 2021 Ullrestrlrted Total funds FIXED ASSETS Tangibk &$8ets tnvestmen U60J(M) 76,164 4.459.0(M) 67,472 453W4 4.526.472 CURREIYT ASSET3 Debtors 1188 00.128 626 70,845 01316 71,471 CREDITORS Amounts falling due within ye4r (39) (206) NET CURRE￿ ASSEIS 623 71265 TOTAL ASSETS LESS CURRENT LIABILITIES 4￿741 4597,737 NET AssErs 4￿8,?41 4J97,737 FUNDS Unrestricted fund8 4M741 4.397.737 TOTAL FUNDS 4598,741 4.597.737 The financial ststements were appmvd by the Boud of TnL4ttt8 and aut1¥￿ fi)r isyue on 13th December 2022 and Signed on its behalf by.. Mr Stcplwi Strezt. Tn￿tee Pag¢ 5 owie Notes lo the Flnan AccoifNTING POLICIFS Ballj of preparing the fillaniyal st*tements The financiat statements of tbe cknity, which 18 a pthlic b￿¢fil C4Mity FRS lir2, have Ixcn prepa￿d in accordance with the Chariti&8 SORP (FRS 102) 'Aixy)untiDg aTMJ by CJ]ariti¢s.' Stateu￿nt of Ryrtit)g StarKlard applieable in the UK and Rtyublic of Ireland (FRS 102) {eff￿tive l January 2019),. Finallciat Retnrting Stsndard 102 Tr Finw￿l Rwtitig Stand￿d aEylicable tn the UK and Repub]ic of Ireland, and the awiiies Act 2011. The fin0Th￿ sW¢ments hav¢ beth Pre￿￿d UTth the historical cost of c¢nain assets. 14come All income 18 re¢0￿8&1 in th¢ StateAnent of Financid Actsvitie8 once the ¢hatity eAtiderncnt to the fimds. it Expetsdlture Liabilitie8 we rttognised ￿ apenditure as thuc 18 a le8￿ or ¢Onstn￿tivC d>lwtion conllJUttin8 the chan.ty to that OK￿ditt￿￿ il is pr(&ble that a trnnsfer of eAXK>miC Lrn¢fits b¢ requwed in settle￿ and arnO￿t of the obh8ation wi be meas￿ reliably. FI￿dituTe is a(c(Kll￿ for on an ac¢nwi$ bagis aTMI h&q been el¥$8ified uttder that aggre8ate all c(*t ￿tated ￿ the ca4(ry. Where ¢ost8 Cartt￿t be dI￿dY attiibuted io partieular l* they knve b¢¢n ￿(￿ted to *¢ivitie8 A ba￿ wn8i8tent the use of GranL4 offued subject to LxthlitioDS whKh have been at the year eTxI date att noted a8 4 ¢ommitsn¢nt but noi acctued as exr&￿'ty Tanglble fixed . Notprovidoj T￿￿￿on The charlty 18 éxempt fmm tAX ￿ its clwTitabk fAivitie& Fund 4¢coMndn8 L¥VESTMEiYf ThCOME 2022 2021 Rents received Dividends 14474 1125 132.658 2.052 15Wi 134,710 PJgc 6 owle Unlted Charl IL4ISING FUNIKS 2022 2021 Cow]cil tsx 3,074 18,026 53.450 55IYJ 21,100 TRusfELS' RE￿lU￿TIoN AND BENEFITS 31st Mar¢h 2021. Therc wer¢ ￿ tnwte