R•gl•l•r•d Comyrry: 11217433 C￿lIty Numb•r: 01177527 HARBQRNE ANO SMETHWICK CHARrrA8LE TrLIST IA company lim1t￿ by guarnnt••) TRUSTEES, REPORT AND FINANCIAL 8TATBAENf8 FOR TrE YEAR ENDKI 30 JUNE 2022 HARBORNE AND SMETHYIICK CHARITA8LE TRUST (A Com￿nY Ilmltod by gu•r4ntso) CONTENf8 R¢leT￿te arvj Admlnlstrati¥• D*ai 3-29 Indewdert A￿1￿0￿$ ReyJl Con8016dabJ and Ch•lty 8Alrni Sl%•t 38-51 HARBORNE AND 8MEfHIMCK CHARifABLE TRUST (A CoM￿nY Ilmlt•d ty gu¥ran¢••) REFERENCE AND ADMINISTRATIVE DEfAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 JUNE 2022 Chartty Ntdn• and SMIthA￿ chorfl4￿• Tnjsl Clwrity Reg16tr¥UM Pknthr 01177527 Ccfflp￿ ReO8trattcn Nun* 11217433 PrfK4F41 Off 1¢% CLx*1 Odt Ro•J BirniThJh B17 Bo•nl of Tru•t••• TnJstO98 WKI OlrodNB rf ts Hwbrffio Sm•lW Chwll*l• dole I￿ r•wt VMI *pproved are.. CtrABo Mrn B Chetiya*8rd8 Mr G Hv•Att &4 (Hons) Mr D Jelbry ICh8knw)} P Lea(*at•r Pkn R Silber Mr V Sfve*ar MBE N T￿)mP90n I*FW Chalrm•n". tr D Joffery Exl•mil Audltiw•: MtrL4 M8dntyre RLYdand House 148 Edmund Srnt rminghwn B3 2FD 8•nk•rn: 4th Fkyy 2 Sl Phllip'8 Pl B3 2RB HARBORNE AND S￿ErH￿cK CHARITABLE TRiIST (A ¢ompany Ilmltsd by gu4ranteo1 REFERENCE AND ADMINISTRATIVE DEfAIL8 OF THE CHARrrY, rr8 TRUSTEES AND ADVISERS (continu8d) FOR THE YEAR ENDED JO JUNE 2022 8olldtor¥ Anthory CL4knB 134 Edmund street rM￿￿M 03 2ES Edgb88ton mryham B1788Y Hh3y & Sry W•sl Mth DY5 1LX 8umyorn 42 Bull Stroat milngh8m Cenwnerci81 Pcrfowo (from 9 Mgy 2022) Cottl￿8 Charter&J cov￿￿1$h Hout• 361 Rt￿y 817 8C 7 Church R￿d BlmiinO18m 8153SH InYwkn•nl •dvlw• Evetyn Patts8 Iltynwty Smkn & Invethent Man•3oment mtsd) Flo 9 ColrrKwe RoAf Blwmingh B32 IrfftArn•l •wlliorn 30 Cawnp RoHd F8mtrthough 146EW HAR80RNE AND SmETHI￿cK CHARITABLE TRL￿r IA COM￿rtY lIft￿t•d by y￿r￿) TRUSTEE8' REPORT (&)ntin1￿• FOR THE YEAR ENDED ¥J JUNE 2022 Obl•ctlvM •nd A¢U¥lU•• Hart￿rne smethw￿Q* Ctrorltabkn TrLAt 18 lknked lo aThl Iho 801è ol Harturn Land• Clwrity and presenty (tye8 t1￿ re90ur￿ and staff of th&1 di* to O¥i¥er ts 8hw•d obl8c*Nes. Hathne 8nd Sm8thvKk Charilats4e TnJ8t18 a regwtsred ¢tWi"ty *vJ a ¢￿•panY limthj by ￿ant￿O. HartrLJme SmettrNv￿ Charitsble Tr￿t wovk1e8 a COrp￿at8 tnJ8ts8 to Dlagr H8rbcThe Pari8h Lands Chanty. Th8 (Yigins of 1h8 Harbome Parish LaThh Chanty ar• lost in tts mists of tirne, trArt it W88 m•ntionod in d0￿Ment￿ated 1640 may date fr(*m a Wuost by Ehzateth fv'thJLxkl m 1578. Tcthy charty C￿78 vari￿￿ Inve8trnwts together aknslw)w wcperties ¥¥we wt furthd ty th• I￿n Hou81ng Cwth'on. The area ol ￿rfrt 18 th8 ATr2Wrt Pwlsh of in the ￿jnty of ￿$1 MidJ•n08 8rKI the ￿¥fi￿an¥S are th• ah•Feopkn aTrJ thostr in ne•J *ilhin ts pori8h. r#èth"on of thg Hwljomg Srnefv#* Clwiitabl8 Trust ￿etIed tre *8ff In￿ ol the Harbom• Parf8h LwN18 Charfty to mcb for woviding the Intsn$w• hO￿ing m•n8pment aervKe at Ihat xh8m8. Th8 chan'ty also ￿pk)y& a Suppyt Offlcer to help ¢JLW atrn8hw88 Indepanduity an h£*Mty Cwdinator to PrO￿d0 wogwme ol stimul81ry and Irip6 that IrKX￿o Our re81de￿, qujlty of IK•. Two of the largor T￿ ch8rlty In￿1•8 cwgath¥tlm d*WlrrtJ ltte Parl8h of H•tK¥ne to for &Y•nt• to iuppJrt p￿l￿groUpS in rte4. The charity 88ts an aMu•I 9rantstr*gy ty rv4kn*ingtho neods intha ancAèrt p8riqh through ￿rn￿ry dats av*bgt49 throuth eo)nomIcv￿ sct4al pLqnB. OrganlsatKyx ar• t￿ invfto¢ to om for gr￿ts in c￿e 014 rrt 5 t4rW are98 a8 thild povthty, debt m8n8g•m8nt, food and hou8ehc4d good8 d18trits￿on, IMTrJ stsJal IKlab"M c* youryr ￿0P19 al rtjk of b8comlThJ NEET (Not in EmploymenL Educat*)n or Trainkng). Gr•rrt •ppllc4llons are in I￿r fo￿)d8 •ach year nd app￿1￿ organi8atkJrA ar• asked to dglall IM 7hl8h lo wrth. tho artcom¢$ thry are expeL*'ng tr) and *ty tris is to th• tenefft ofth? a *thol?. After month8 lor If the pr4ect Is Bhorterl the chority 0)fKlu¢l8 a grant morMtc¢lrg ￿r¢i￿ to en8(n the vM8 8p•nl on the &ated purw8e aThl aYwQed reth xhlevfyl. Tho tharty •ms to grant fiJTrJiro to organi9ati￿0 10 addr￿ h)TrJ term stnytsjrnl 1s8￿ Ihat (XMI ￿ rn8￿1 frcm p)vwty in th• 8nwrrt Parish ol Harbcfflè. FIMIty, lh• tharfty runs an IndfrdthAI kvonts &Yograrnme lor Immeth&t* povwty th$lF. Referrnl• for thi5 service pre(k)rninatW cun• through third pkn wweil indM(hJaL8 S￿￿ 88 h881th wth•rs. fam4y 8UPWrt wrkern hr￿Ing ¢yfw8. hlmduèl grant8 wll not nrymglly ex¢•od £￿1 p•r h￿￿hokI gnd cO￿d be for a divff8e olit•ms Ihat relieve and ￿nn01 funded els&vh&r•. EXarnp￿ IrKIL#le t￿ gcxth essenllal Th• c￿lity a Grants oirtw to m￿898 and mcfirtor gronts to ¢ygwl88kns •nd delver ow in¢lidulll grants wogramm•. Th• chartty aims powrty. FcyJTrJation. The Organbay￿'ty key 81•v•n 8lThP•￿, Chief EthxO¥• Stovenjoinod fv c*•rty tn January 2014 th*d In 5•nkx rwfjonal rc4es wlth Remplcry Ltd gnd the Jericho Foundation. Sttr¢n is r•SFLin£1b￿ for v*ith the bowd Io get th8 str&tsgic dir&Jon of r*8rity and ensuring the meets itB c￿je￿I¥¢$. st•¥￿ has gn hoThiws rJegTee In and Lry a member ofthe Chartered In￿[lu* d H￿tIng. ￿ Chef Ex￿Jti%* Sknn is fe8w)nstJbe tsworking the board to set the strate￿ dwity. re*ky tris str* as ￿ cpeTalh)nd pkn and thon •r￿uring its deli￿ry. HARBORNE AND s￿£TH￿cK cHARrrA￿ TRU8T IA coM￿Thy Iln4t•d by guavant••l TRUSTEES, REPORT (Lvnbnu8O) FOR THE YEAR ENDED JO JUNE 2022 Carolyn Arnold. Houslng M￿89&r C￿￿Yn jc4neil the tharlty in 2007 and ￿ ger4*d m a wmber d roleB tetre bdng 8Fpointed Pknu811g Managar in March 2018. Cardyn is re¥￿*￿e for ¢kneM9 Ihe c*wW8 ￿Ul1r0 wwj reknd 8ervice8. C8rolyn 18 0 member ￿the Chthd Irklblute of HCwl￿j. Gllll•n Infcmakn vbj Pots? OffK*r Gill has ovor 20y88rs ofhou$kn9 Man4ernertevrfe￿e￿mI hCAdBde￿ee8 In pL4￿Car Bdenc* an¢J IKw8fvvJ man•3ernent Gill ffj a160 8 memtér of the Chart•r•J Inst￿ d kkJusr•J &"1 m8nw th• tharty'8 data, tron•l0lg8 gmmmert pol* h PTthl•thllM mary ofllKI dwrilY& 8nd prc¢&JuTts. T¢)ny IM￿t•hou￿. Senk¢ 84Aklkn9 M•n Tony ha8 over 30 ye8r8 of ￿lIdIng tr8dg ex￿rienc* indud•Y (N8r 20 year8 S￿nt maintslnlng HPLC prcy8rti•g on b•haK Of0￿ of lh• chwty's c£rfrtfacth. Havryi(#n•J the ￿fj2 T￿Y wa8 awarded Ihè pJsit*Jn of SeThor Builth'no Marw in 2018. Tcry18 re$Fo￿bI& fcrfthetechn6cal aspectof rn￿agIng th¢ d￿rIty'S ￿lU01r￿J stock iTrgudirwJ plann•d mathnwKe prqect M￿￿meArt of rn￿or refwbthment8. Nl¢k Willac•, FlrwK• N￿[joined1h8 ￿rrty in May 2017 aft•rth8 r61m￿101th#thWty'l Financ• M￿ager￿gn P￿191. Nid( ha8 over 17 Y￿￿01?￿¢￿¥￿ir￿j with ch8ritl8S Midlgnd$ 1$ •knotho FinaTh Managar for the ￿rmingh￿rn b88od Jath Foundat￿n. NiL* is r8spThibl& for prepamg fin8rt41I report8. hel￿n9 th• Chig1 Execuffve, Sents Mwrnent Tum WKI Tn￿te￿ to analy7• thrA• rewrtj, prn￿ring annud ￿get8, draftlr•J ffinor£ial rul•8 arthj And fc¥muLqting finar#ial p￿￿A•S. The￿ IW manag￿ert a S•rkn Twm ISMD th•t lo•th thg Ghwity lt￿Ough th￿￿tt reyrdibilty the ¢h8rrtl$ cl>l¢Lknes aThl swb)rt opwallons. Thoy mget wookty to monrt finanual and nC￿.￿￿￿4l performanc*. legl8taM t*wy8. th￿n, Staff •trotegy. Gov•r￿n9 Docwn•nts Under o K*om• of ts Charity Commiswcrfws daknj 16 19BO 'The Hart￿rne Parish L8nds Chantr and.Gri￿ Mtmclial HomeB' wt 8dmlnl8tffed mwog&J 88 C￿ chvtty th￿er ts Mrne of'TI H8rb)m• Parffjh Lond8 Charrf. suty'•ct to, orxl *lth. ts S(kne8 dO￿j 21 IAay 1979 and 9 October 1W. The chtrty r•g6tratX￿ nun*)w l& 21&X)318Th1 th• HCA fei4&tr¥¥M nunknr18 A2993. In Jun• 2019 ar￿ a n*w thwity *•s 88. IM Sm•iiM•* Chwttot40 Tru•l (wi51rat￿n No. 117752n bgxne tm Tnwteo of Pwtsh Larth Chwlty. Th• th8rlty'6 corporat• Tntst•• Is th• HrAi*thè and"Smeltrfi** Charltablè Trust I￿. 11TI5271 Harbome and Srngllv*kk ¢￿ab48truts haB 12 ￿rt￿)n&. ￿wI￿) are norninatthj ty S8ndvMII MBC and trm) ty tre Cty ol 8m?IrlJtr￿ undw Impotsl ncfflwithin rfghts frrffl Horbomg Pori8h LandB Charty. kn1nal￿e Trustees serve fc¥atsrm olknury08rs. Thè r￿In1r￿ e￿￿T￿j*￿e& 8r8 ctrepted ¢xto th• trnard and serve for a fvtry￿r lom. Trwle8s ffi￿1 krTh tre of b￿offt through respJenc*, employmerrt, or anofvr knry￿ge. HAR80RNE AND SMEfHMCK CHARITABLE TRUST IA eomparry Ilmlt•d by guarnftt•el TRU8TEE8' REPORT [continueOJ FOR THE YEAR ENDED 30 JUNE 2022 Th& Trust￿ havg frnd four ccfnmiitees to of the Ltsty's The AMS￿lI5• Cc¥nmNtee 18 fc are ap￿￿￿1 to bg the b&neficiaries at ta(* ol ¥lm8fvMe $C￿rr￿) wh) rrKJnrbJr our th*h¢Me pwftrm8ru as as rnvivwlng and approv¥￿ rÉw 8pplionts ftr h)u8ing. Tr ProF* C￿Nn￿le¢ rwnitors adivibe8 of the thar1￿5 appointed property managemerrt fKm8 and make5 d￿1$1¢￿ tl* strattyic mana98ment of our investmwrt prcijty ￿rtfOr￿. Tha FlnwK*8ndALvJrtC¢xnmittee m￿1¢y￿￿￿￿'S Manag￿nt80)￿nI8, perf0M)an￿ ofthe ¢harity'8 Investrnent manager, our intemal &r￿aM￿ts forv¥lL￿ for money, ¥+w￿y rnwnt8n8r￿ thwges and eroure that ts charty's manw wi88ty. The ChwitabL* Ac*vty Cunrnrttee rev6ew8 t￿ 8nnuJ grants 8tr•, iTrJMthal grant aPF￿¥￿S rev*ws grant.Monit￿1 rwrts. Eath oJrnmitt8• m8ets fru tkneB eath y￿r rnj tr* ftdl 8c4rd of Tw8tw mo8t tiffl￿ a y￿1 to r￿¢W the M>rk of Ihe mmmrttOO8 aThJ m8k• ary rw48bthd dmo Inducllon Arrnnym•nl• Tha CNef Chairperwn Lxrtliro th• r•8p)n8lblKl88 of Tnthos to dl now Appli￿rts at & ttrono Int•rvkn¥. Durfng th￿ intsrviN* ty 888•88 an arsj1l¢x￿ts elYJblltty to s•M ￿ a Trustee uwng tho tharty'$ Internal d&Jaratth ftxm and tho Clwty Comml8glM'8 gLldw dvJitilty to 8erv•. CmGe eligibilty h88 o)nfirni￿ th• Tn*t888 t￿8 8t the next meot5rvJ u tovthothwto accw or d8dinè tho nomlngtlon or 8ubml88lon. OrTh thxeptsd tho Tru8te• 1$ pre8ont•J ￿ a LWY oftho th8rfty'• pG4ic and prrK*dum, Smputsnt ¢c*ttad inftyrnthon. tho ckn"ty'8 bu$ws plan. 8cJwthA? of meetiNJ$ and tr Charfty Cornm1B￿On'¥ thjwont CC3 tho ￿￿1181 TnAe•. TW 8r• ofth& rnxt fvll bowd m*￿n9 inv*ed to attend. Aft8r tholr at n&yt towd mo*lrvJ Tr￿te￿ are offrrnl a on&t(￿or* 8e88h)n ￿th art￿r thè chairm￿ or th• Chknf Exrnfv• to Ihey to tow 01￿ w more ol t ¢harity'8 alfflShJUs￿. Truthel ar• to trdr* thxrt &knitt￿ mty ￿$h lo loln th• fdlo•*WVJ F8bruary. P•y •nd RaM￿￿rat￿. Tru8teeB olthe Har￿rne Parish Lands Ch¥ty are not INY￿￿r Ilw may daim ÈxFen8e8. TM ctrorty h88 e dwJrn•nt•d for tho daimiThJ rA Tn*'8 OXF￿ may be Glalm•d •nd t•thAI dence 1$ requlred tQ 8ub81ontth> a thin. Tru8teu re¥iv* pry •rvJ at fv FO￿J¥Y Ihè FI￿n¢t and Aidlt Ccmmrrt¢• who th•n make rncommgrthtkry fo the I￿rd rryarding cost of IMThJ Iru•8$￿. pan81on contribubon8 oTrJ a¢JdlloW b￿fits. Tho annual of Fw •nJ o)ndMon8 5$ sp￿10￿ aqudly to all Staff and its impltsmented the Idlo￿n9 April. In 2022 the Tnrnto￿ zwardeil 8 4% 0)&t of IMNJ for all staff as well 08 a ono off 4% cost of Ir#ing alrM•nce forthe pwlcyrg8wid to of managemont resp￿1b￿1ty a¢xount81Jlty p¢41 Eath b￿d ha8 a le￿￿ jet kn relthn to Ihe othw ban¢Js. thin ea¢h band arn f￿r I￿r￿n8ftts. Nonna1￿. al staff awe apwintsd on thg Iwl Inuernthrt and progrwM lo the next Inc￿8￿ takos plK• dlluth of th• TrustO88 in re•vard for a rnember of 8Wf elthw 8lgnfftanty irrxmsry thoir skils Ur¥jerfa￿irv￿ additijnal resw)nwLHIth'e8 that arè still ¢ommerourate Iheir bwKlwy. In 21)20 the T[￿t•S urthrtoc& lo 8hort-twm. no contractual, acc4tr81or cwwiMIPrf uTrJertaken In 2017 kn anots yearn. The Tn￿te•S hopB Ihat thi6 I￿11 e1K￿rage the stsff to save more fDf ljw rellrem¥L ThW sch•rn8 rnate￿ staff per80n ren•on trjffibuoons up fo an •&JOonl 5% overts S%. HARBORNE SMEfHWICK CHARrrABLE TRL￿T IA Gompany Ilmllod by guarnntael TRUSTEE8' REPORT (ctrthued) FOR THE YEAR ENDED 30 JUNE 2022 All digibk4 slaff ￿0•e￿ in an wto P￿¥1(￿ clwity ¢J)ntrfbLts8 6% of staff eaming8 to 8d￿les. thafTty offerB a n￿ber cl bef￿ to al stoff a ryd•2w)rk ￿eMo, a sallry-￿￿T￿* car scheme, BHSF heathare lash t4ck 6ch8rn8, and o death In Insurance 8d)ème. In 2022 the chwrty irstroduc*d ultkoi au slaff have 8ervwJ cts)tinL• ￿1th the ¢hartty forthw mth w mm. Stall •xpeM•8 ar6 wkl h arr•w8 and olv1th￿e(*exp•idrtuffj. Thè L*wity h95 o kx>IIGy trth8 poymw* olstsll èxpW￿. Onw ono rneM￿r of 8t￿f has a rernun8ralion p**40 th•t ox¢xl8 £eo,INJ) thotclal amwrt of mo •wt on Bonicf stsff in the yur £184.￿. rtl¢lp*tlon In Wld•r N•l*wk¥ The charlly is ￿gaged in a vwety of n8tAr*k8 *¥J k* 4 TrJmt*r cl •rKI pulAlc*lon8 to T￿￿tea8 ha￿ 8aes8 to Porwnnd. GoNYrnm. 8TrJ Ch9rtty Finance magttine •ubsryb'¢)ns whlle, HABM and A8¢oJati￿ OIC￿11￿￿ FcyJKlati(Th IACF) •r• •vaihtAe at our Hollinwrth H￿j88 offw. Tho Smlor Managemert Team hth* to Tlps Pthir* Pvnonn•l, Thps ar#1 Heamh ond Safety TIF6 and A¢hKe ErNI￿lme￿ To en8Urn W> to dats R•r4)urce IHRI and H8alth and Sdety IH&SI ttthlc*, chr*y centrncts Citation Ltrl. to pThide health and 8af¢ty. a￿lIts, Twts. thce and Th18 y•arfs site I￿Pe￿.0n1 were retur￿￿ lo In pernon ￿tIts folkMrrfJ the dlirLWbn Cau￿ byth• Cov1￿19 pandemi A68&88or$*pr¢ ce ¥g￿n Impwsed ch817ty'$ attrtude to ￿￿Nh 8TrJ safety Tr)ting onty Ih8t 1*8 risk as8e88rnents WAII n8f•J to bo ￿￿thIe￿ In •Aty 2023 rty))mmw#Jmg that th• ¢*•rty 3 rn(￿th￿ r the driving li￿nc9 JtstU8 ofall otsff ¢)￿n9 a8 Wt cl thew pjb. To eMur• c4nnKtivlty wlth tmt w8cl￿o g￿lThJ t*wlty. li a mwnbgroftho Vlttt Midlanth Fund•r8 Not1*￿ IW14FNI tre ofcfwtht4• (ACF). WMFN n an orgarisatson e8tsNlqh•J to prrnle an of ryrtellKJence, Irrfonnayon and te61 praclt• a(fo￿al I￿￿1n9(¥￿8nl58tyCrn nth•Wa81 M&Jlgnd•. In 2021r22 Irthn tho c*anty •ttond•d Ses￿OnI on: 'nnlThJhom CofflmorN•*dth Gamè&- knc41 o>mmurth8: Emtodding sustaln8t4Uty In pdicy and ￿￿ti ImprowwJ kn￿ledge wthr8tsndiThJ ol t￿ kty t￿￿8, c•J•es Imp&* of dlffl•te aTrJ ILrtth6 to ￿Ing c￿M￿te ot 8 level: Insght inio 8tral•JicarKI cporakjnal I￿￿￿￿0&p￿t0 c*tJon fojtpdnt of the Wesl Midknds; Cor*idering the Gh8lkngaB fLmthng Fdry 8rKI pr8Lkn to addms dimate ¢W that bthld8 8 bth6r fthn.. EKplcffirvJ oy*ld•rirvJ 9)oJ prKkn a ￿tan8¢xIty n a%￿n9 funthng qJportuniti•s,' Multipkn mmL*r8 t￿ofiThj rhj rourKnot4e of thete meetiws heha in pv8(￿ ￿ThIed opp)rturite8 1)r nthimng. The t*arlty's grants is th0 tro￿Trr (* VnlFN tr* cliW$ ele(knJ chalrnwn In 2(Y22. HARBORNE AND 811EfH￿CK CHARITABLE TRUST {A ¢ompany Ilmltsd by TRUSTEES. REPORT (cl￿￿V6dJ FOR T￿￿ YEAR ENDED 30 JUNE 2022 ACF n*ional umbrnlla bjdy ftytrusts 1￿￿d81￿that d￿ale rrw, orseThic*8. ACF publish SWi8s of magazine5 aThJ ¢)nI￿O bJlletin8 thbt Irw#Js bast prncti￿ ￿lhI￿ the 8edor. To ensure c(Jnnec*on8 to b88t wactic• rn thè 8thkn, tr* rs a marnbor of the Nati￿•1 Housing Federthn INHF) and El a rnC￿ ￿￿1 Iwel. 81rrr￿￿JhaM Scaal H￿￿ng Pathwshlp IBSHP) aTrJ Iho Wast Mid￿j8 Small Housing A8%Jrikn Grw IWMStrWBGI whKh 18 run by A￿￿ty. 8SHP an (ryan1¥atK￿ that WAO as lln uFr*Kela reg8ter&J 80&91 kn(thirds in BimiNJham tro1 okn• to wuk togothw to influ8rc• pobcy in th8 ¢ity. &8HP kn 8lmlNJhAm Cty Ca￿d1'S corKluit lorthe fekase of InfcrfrnalKJn. WMSHABG 14 prc*Athrn *llh le•• 1tW Lmll• of KK4•1 ￿￿1r1d and *Drk8 tofftr to compara p•rtormaTh24 dats, irtellig8r￿ rngar¢*y BeAor tren¢J$ and marf(et ¢￿￿r(R)n￿. repoMlrvJ vthere pwitle lolnlty pKc#xre The fJ)arty chwrs and hosts th• SanoWI c￿Jndl Sc¢J81 Landltrds U8lw) Group. Thb8 gr￿P euryJri868 ￿1 *rteie8ted sr￿& L•n¢Juds hw$irvJ Ilock In and is ts wirmry fonxn kn ￿1¥* UF41th ort bolh pwfNmanc• and futyro ¢*gnge¥ Irom Cound. Th) r*arty18 allo a mwnb•rcltr•Alm•tts￿ r•ghtrrnJ *ilh tho HoudNJ Omtyjdsmw. In •Jdthn to tr￿ mc¢e fomMI clwlty wlh Yaiderf Great TnJ•t. Slr Jo*ah Maoon Trwt Or￿ Ler¢h'$ Trust to shar• ￿)¢* and loknty W(Ur￿l￿r¢• seN￿. For th• t 4 year8 tINry partr￿h* • iomt rn8ident p9nel and ap￿)intro￿ an extsmol facAlstator to run pand has boon fO￿0d in re8F￿n•t to in sKurirg re6thnt Inixrt fr our small reyithrrt pJpulatvJns. By workty tC#3ether ¢xgarw'5ati(ffi 18 abkn to ber*fil from an Irtt•gsed ￿￿08n1 of rthnt*l pwucl￿nts ond al80 0)rn￿ contr8&t mporo88 wftNn th• grujp. Unfcftunatéty. thé p￿er¥ th￿WaI ￿6￿nded ￿ bdxyr8 ofmeelkng durfng tho COVILk19 pand•mlc and Ilncè that b"m• tm pa￿1,1 knIrtAtor rThJv&J ￿. T1￿ gro￿ Iw to appG¥rt a rww faolitalor and Rl•k Thec*arltytske8 an mar44r#J Kerf rl•k8Kg klwthed. ratsd mts3al*Jn str8t•al•• deviqed LnlThJ the chartty'$ rtsk regiqtw. The TNsto86 ￿￿the riAk r•gl8tsrfvMc* a y88r. Financi81 wlBk8 are $tre8s t•thJ 1¢ undw8tsnd Iml of ffina￿l￿1 i8 rwdr&J, ￿81 impact the risk ￿11 ha Kl Bever• the Brtualon tA￿U&j haveto tdcomè t•1￿ uyjd ￿ knryr b• mgnag*J. Cm the N( r•tystw the Ilkem￿X*j of 01 rllks Ml rthl u5iw a *mF4e nun*r* K410 wlw• 11$ unllkety 3 18 pro￿le. Th8 ImpaG* ofall rtok8 i• th￿ a8¥e58ed.' o numerk Kalewhwe 1 is iny8fA 8r#J 3 is high Mpact Eath nurnber is rndbpli•d by th• to gl¥e a rbk b8hwggn 1 and 9. vknere 1 Ib a of prfwlty 9 L8 a fiNKlamertal Al vAks TKthr•J 6 or mcnare ror￿￿1 tdow. e8 HARBORNE AND SIAEfHYIICK CHARrrAeLE TRi IA company Ilmlt•d by gwr•nt••) TRLBTEE8' REPORT (conbnuerfj FOR THE YEAR ENDED 30 WNE 2022 In the 2021r22 finarKig1 y•ar. r*s bthe dwty hwe b￿.. Chenge8 to teneffts 8y8tem imt*llw VIMC 0￿18¢ Los8 of koy members of8t8tr, Fallure ofthe inve61mert [￿tfr￿￿ lo the •xp&*•J m81wu805 void8'. Loss of¢))mmwdal rent throLgh yopty K¥th.' lrturrin9 8ubstantiul o¥FthJrt(we; Failure to cunpw 9uitjw￿ on mwwort Lrfre8eM8". F￿￿rg Io Lydate opwatlng sy8tern8, kw Syskn •TrJ ofattendwce at Tru8199 moellry: S•riou8 dam49• lo prcyty.. UTh2rtdnty le8u￿r￿a frtyn the LknOt•d to Ewowgn Unijn.. *)d The Glob￿ Cov1￿19 Pand￿1¢ impxb"rvJ. sWl*Yllbglng. wdlbewio, rnnlal Irume. 4m$houws iwio. IN￿tsnOrt viat4Uty &Multw￿y. HARBORNE AND SMETTrfMcK CHARITABLE TRUST (A Gompany Ilmtt•d by guor•nts•} TRUSTEES. REPORT fc¢JJtinu FOR ThE YEAR ENDED 30 ￿lNE 2022 impxt¥wG 11*2017 -22 Page 10 HARBORNE AND S&IErfrriiicK CHARITA￿ TRUST {A cofflpary Ilmll•d by gUarnn￿> TRUSTEES. REPORT (￿l&nU FOR THE YEAR ENDED 30 AINE 2trI2 I￿u￿t0P￿ db 11 HARBORNE AND 8MEfHWtCK CHARITABLE TRi {A ¢omp•ny IlmM•d ty guar•nth•) TRU8TEES' REPORT {￿rfUlU FOR THE YEAR ENDED 30 JUNE 2tr22 Nllw Fdlur• ¢ownth*i (8108Fim¥Av•I NTh-PJ* P4e 12 HAR8ORNE AND SMETFfaicK CHARrrAeLE TRLtsT IA ¢omp*ny Ilmtt4d by guar•nts•) TRUSTEES. REpoirr (corthu8dJ FOR THE YEAR ENDED ￿ ￿NE 2D22 Nts*-R the cwtk19 par￿* In 2021r22 the charity hu incre8Md th• nwnbv oliisk# rnto 8 tr m¢xa on ts chorty's r*k regl•tor. W8 f•d thll r¥Jt Iwrited to Its dwty ￿On•. Refom18 10 th• w•ll¥e wlom ￿nue to rewesenl a *rlflwl rtk.. o rtbk that t•rnmts lrKxeg￿rqty dffiojrt to many 91 g¢y4emrnorrt stratw regardlng hcyJ8ry can be81 dps￿b0d as lI￿d. Ovar th• la8t 6y¢ar• ctwty haj c4yrt•rKledv•ilh 7 thllwerrt mlni8l•r8. 8 I￿￿￿e& of8late for H￿Il￿d Cornmunlties Lctsl and 3 mlnllters fry thgrtU98 la aboll$h•J and merged Into the Departmenl tr Dlgw. c￿￿￿￿, Medk* *)d SFtht ol wtth* we hoin h•J 3 minsters sin 2￿211. This l￿*￿nty fthanglng lan¢knJ8 h88 f8SUrted n Illle in th•vay ol ￿terni Flgnnlng. This fluldty has ba•n further eX￿￿bated prith 9ven lo tho COVltk19 pandarniq Ihtr rjathalng an(1 moro rec4nty #n unpr•¢•d•nta4 L•inl of lurmc41 h88 rokngatod t$8￿ to the bad( bumor that In th¥ dl8tonl put 012019 w 2020, OmpyWL In •Jdltknn. at o Iiul leNYl the ki W •• opay ￿1h hxal plIC￿n9 that defi and expaThJ the 80)pe ol $uppotsJ dorwide d•8lgn•J to rvAlucè the co8t of h(KAirvJ tr*n¢fft WKI removtr that NJr¢otsJ exempt stslus. pr• have gh(xt tem 8nd no •rwr have the rLkn te ¢th•a than trn haB th*Wlng th•ngM y•t again. FLrtura pLqnning ha8 te¢￿8 *nost imFthiibl• rth8xl aTrJ 8$6058ing thg knpKt of c*anges thos LttorvJ￿ are pcorty detalled. 80me way IrThn fiu6Von and subj*x to b￿￿￿•$ both tlm• ct*n8￿lr and ineffectual. TA•18ck ofc*l*ity haB been exx*o8ted ty the 2022 rnlnl budw aTrJ it n(w 1*oly that all ncwrot•d8d govwnment depeJtmen(s w111 sgnfficarrt rèal kn sFeidlry ¢kn a le¥d that W81k4 thè m8a8LnS d2010 onwarth. In this en￿￿rnent th&%*arTty can ontyconlinu8 to 888ass Ihe Inwad of pToi&l&a wrrtt-c*e S￿￿10s.. rf th8 cappirrfj ol HO￿n9 Benefft to b21 Hou$lng rate8 h88 bwn s(Y8PF*d, musl a $1TrI19r k%)￿JaI savlNJ lo the St* is beiTrJ aswsed tr Ihe The trthk8 6t mi¢Jwrt to L*mtin￿ to forecast a £2￿.(￿)) r￿lUC￿On in hLW5ing incun• In •xl 1> mantawj a of £200.IXXI to mana92 ary I￿nsI￿On. Pa9t4 13 HARBOIINE AND SMEfHWICK CHARITA￿ TRUST (A compny Ilmlt•d ty guarnnt••) TRUSTEES. REpoKf (conbntKdJ FOR THE YEAR ENDED 30 XINE 2ty12 Thè UICS c48t of ￿111 * p)isod to 0fv3 ¢*l*ert asp&J8 ofthe th￿ty'S oper81icrn. Incr88S the kYe$8ure on t*Xh the th*iknes to 8tèff 8nd tharit<$ $t•ff t•*n (￿d find Ihal they 'prlc4d our cl w(¥king for prices ouwe s*ry rwa8e6 at the Samè time th• thanty 8uFplier and c¥)ntradors increase to the that m*nlen8rte ard improvomerrt takes larger propcrtion of the re50¢¥￿. IAÈ Wso th"cipate Ihat a8 Ib)usthdd incornes become nx)re 8trW will an #￿880 in WMC arrearB aThJ Sn *lm8hou8es voids a8 %¥pll. Tre di8ruption ond cost re8u￿ng from the 1th1t￿ ￿￿JC￿'S exit from the Eurupean Union femin8 Ilgnificant risk that ha8 h￿1 8 8Ut*torthal imp9Ltt th) the ftharty. Staff 8tk)rtages arrtl Supp￿ thdleng•8 h bettfflo a key fegtur• ol th•vnrkl ¥M fn OFeratirg in. Immle tIKry mrAt ¥eth &xperiendn9 Staff Shortag•8 1$ logkqtrs land ¢h'$ h98 had a swfficzrrt on th& Supply c#xt of parts for systomB SL as the WArden ￿1 tt11rt81 ￿ gre8t8et of11￿ staff 8lW8 for th8 dwity18 hkety to bo In negth core 8waors Ithere I1￿ ore t¢tr*wn 1￿.1￿ and 250.1￿) unfilled vac•YJ•8. This haB 8twtsd 10 8ifeLt the ablltty of c8r• ￿Mp￿S to ddNer wg r*k8ge8 ha$. puhap8 inowtabty. lead to •KF*cIth"on on lh¢ part of the clwity rewdents that *ill bè &bl8 to 8t•p in and brbJg• ￿ gop. The Staft at the charity arè n*ther 8thquatety tr8lrod r￿vr¢*j to c4rg and g118talf ne￿1 lo prov co)rdinated re8pon8e ￿110 8ti11 working to attematNti or delwy mxhanism8 for that care. It IB al80 likdy thal pacW•¥ b￿rne h¥¢•r b that rg8ld¢rrt• will bè di8th8rg•d frun hosprtal Imth un8ultat40 or InapprcfJriAts mroements wpwt 8t8ff 8lth& th•ntywill need to tre•d 8 ￿ghtr￿ between balBncing the and Jme ￿alab￿ for an In￿dual mldent, roqulremwl• ol the ￿¥￿th.0n 88 a thè r8thèrt bliry or do•th. A8 the (*arity enters the of2U22 a n8w r8ry of risks h8Ne err*rpJ. Thèwar In Ukrwn? wth d9￿deS ol w erry plannlrg h88 bLIIi enerqy 8eoJrity 18 In rts L*a8t reliable 8tat• for ovw 20 y&ars. wilh Fosl ￿dern* Infflat*Jn and Unpr￿￿ented heath ￿￿81 core raJ￿rc• lJ8ues ￿nter 2U22 Jtsnd¥ al one olthtt mc*t ¢janger￿ ti ow ￿n•fiC￿￿ cm r•p)rd. rwuir•d tho tharity to devebp 8 2022 wtter Itot mw&Jes tr• fr)lo*lThJ rlBks'. sh1x1a￿ Lrf n*urd Pbnned ￿￿￿(￿18.. Unp￿n￿l I￿rA¥n￿ and bIB0*￿j￿. F¢c*J irfflabcffj: Delay8 In aLz48uing he81th ozre wNices; Re8uw¢8 cICOv1￿1g.- Graatw than u•ual levds of 8n¢FW ty i A Part ol th18 pbn the ¢Jwly ¢Yak￿ tho impad 0fth￿ ffi￿9￿ng xtkim to •n8ur• 8￿Uld •) event ocfaJr, b•81 pc*s*4• to dealtth th*1ty Kg rog￿tered d)*ity did not und8rtake ary fundra￿Ing ￿tIVit￿ in 2021r22 oitherdireL* • 3R1 party LYggri$a￿. Th9 thgnty did not employ ary professional fU￿raI￿S and the ch￿lty has recsvtrj •Yy c#JW'nts thut tts fvnth8K8ing athltM. In ￿ntext the thwlty haB n*Jed to tthe wy a¢lKm lo pro￿ vuknerat4e htrhtver 8hodd ffft1rar6ing bxorn• a ylorty kn th• fi￿re the thwity VA er￿￿ rt ha8 robjst melhod5 prfAg*'rvJ vuInW￿kn peo￿wIth￿ the crrtxt offundratswwJ. Pag8 14 HARBORNE AND SMEfHWICK CHARrrABLE TRUST compary Ilrnjted ty guarnntsBI TRUSTEES. REPORT (conbnued) FOR THE YEAR ENDED 30 JUNE 2022 Int•m•l control The Trustee8 h8b* oNwal r￿ty for tr• ctwty's 8yskn of ir*emd cortrd and Flnwi and Audit Cornrnthe re￿th¥ the effec￿)•81 oflh88e sy8tem8 annualty thrO￿h financo aThJ a￿lIt cornmitt•6. Tho clwty'8 inlernai ¢)ylml system8 detsled In th8 (*orty's flianrial w188 aTra rtyulatifyi$ and tsmsist OF. irdudiNJ r•sp)Nblty for intemd corrfrd. are monltored tt¥ough both the fnwttarK1 aLhYt ¢(￿rrI￿O0 andtr*lull board olTnts'• rn￿. Inwtm•nl •VI￿a￿"c￿ pr)rdar￿4 wth thg Ch•rtty commi￿On'8 gener81 framtrAth for Trutho ¢bJ81on rngkkng. Thè thpAIty make8 ded8loM that mwwge rf6ksiw hwm totrw charity its b￿￿'•T&S5 con818tant wSth ￿ purkym ofthech8nty 8nd Make8ded•￿AtO0r•nrf Of1￿ Indlbld￿I 9rart proJrarrffi•. no per￿￿1 bon￿r( L% mttè than inddtJ)tsl. Th• ob¥lou8 •XL¥pIkn)18 thè c*8rity'6 grnrt Fwwnmo Of£41.￿ Pro￿ r•Wto and ¢xoi$ in tm a￿le(rt parish of HarbJrn8. Dedsins made ty th• Tru8teg9 TegardirKd tdMdual grant pwramma are 8ti11 conBh*rrt with the charty'$ puw onty satisfy the'bwfiv aspect ol the public ben•fft reqwement 88 delolk•d in Chwty commkns1￿ guidvTrx. 15 HARBORNE AND SMEfHWICK CHARrrABLE TRUST (A ¢omp•ry Ilmlted by TRUSTEES. REPORT (cthi&"nuth FOR TrE YEAR ENDED 30 JUNE 2022 Alm•houM8 P•rfomwic• 2022 h88 rrfas8nt•d many tc( Ih akn51th￿ tewn. on tha fac• ofthing8 thg COM[>19 pandem1¢ ha8 ￿ded COVILk19 sb'll innwrK8s Iho way of th• drnshou￿ 8ervk* delwed. MAny inf8c*on cnntrd m88gJre8are 81111 to wotoctthe tharity's most vLI￿ratsIe re6idents an¢ aMhou9h frcffl 8 resident per$F￿ ft￿1 adMb8s hm retumed to nomw ts tho tsarn ta8k slll tsk• lee a$ long antj a$ much wepara1￿1. Our almshoLt5e5 ha￿ PJBO disprotKJrtlonate knpactrd the cost of th￿ng ￿1￿3 wfvch has vK¥ea8ed matw*l costs tr repair and m&ntenanc• A8 8¥ In¢xeasirvJ t￿ Mkdhc•)d ol IwroW8. D•8W trw• dvllwys the havtt an01￿r vwy $ucc*sslul year. In 2021r22 the tt￿rity pr￿1•d qualty ftsjihw for 113 1811&8 b￿rne ¥06d. tha arlty ￿)uSed 17 new r88idents. 24 apprMd tolo'n the wwb.ng list in fvyear. Demand charity'ts huAing r•maN th• CUT•nt list cona18ts of 21 applI￿lts. Tr avw•J• len￿ of m• frorn apwv491 kn offer kn 22 *Y•ks The alm$￿￿ tsam'i ar￿ managemènt ¢orrtr￿S *> t• beadbng. For the 8Lxth year In a rnw n** •rr•w8 have baon O.(YA ￿ ¢xvth t•nwrt hAv• r•Juc4d b) 0.0% of •nnuo1 tharge8,' both **ll thè TnJ8te•s tsrw 012.5%. Vdd LoMe4 bad dobts h*0 toO.49% from 0.34% i) 20Wd1. TN$1s. forth• mc4t part ts￿u8e ttrhry numtw of vcids Ilat8 the ¢*wlty has had iM¥e88e to 1efTom the uBual average of 10. Void ki88e8 hov• onty inrno•ed ty 44% and SWI *ell 7Allhln the TruBtoo8 target 014%. The c*Arty •pent £121,057 airth>JtM *12CQ1r22 wc*ts lTrSud&: CcfflffluMI Intsrrd •t Flrn ao*. Dore Hc4wI And Lath8fi81J: Tree work8 at Firn Clc•e,' Ccfflverting 2 bathrC0￿ into rtsyns at firs dose, Fttkn'ryJ upJrade¢ reJtrithr8 to the at Flrn Clca• aThJ Hwbcynè ReF4ace dl fiat ffire ¢Sxrf8 at H￿tI￿ne Howi.. ReF48ca'ng ￿ling th1¢$ at UFgading the CCTV at Hart￿￿ HI￿ ￿lih D8ffnftbn In(¥oA•irq tr area of¢wrAg•" ReFolnlln9 the fflr• Externol d￿￿￿.￿3 at t)or• No￿e." FittsThJ arn1 stsirw¢ ￿r[￿t at tkrfe Hw.. Rgpolrs to the thimney8 at [t￿e Ho(tye'. Relaying Pavty 8t Harts)￿￿ c(th￿s.. R•furt48hlng ShO￿r cubk4e8 at Lark8fdd.' and Arboricuttura SLwvey at al 8chemes. Page 16 HARBORNE AKI SMEfHbVICK CHAftITA￿ TRUST IA Mmpany15mltsd ty gw8nts•l TRUSTEES. REPORT fccrfplinu8d) FOR THE YEAR ENDED 30 JUNE 2tr22 Charttabl• Actlvlty P•rfarnwic• In 2021r22 tho dwrlty ujmrnntgd LYk5.$78 to 1788 ben8￿. £163,715 of gr•rts madB W￿re to É17,533 wa8 8penl on 3 9r8nts 8w)pryts'wvJ dei* wvj morw monapement £11,734 wa$ sp•nl on • 8UPP)rtlry foc*J h￿ehC4d gwJB distributbn 8thvicts'. aTh £40,646 was spent on e gwarrtS 5￿p￿.n9 1&24 year okl NEET IN¢X in EOucatTcm. Ern￿oYment c¢TrwnirYJl pro¥W￿ CY FXOWi8ion trthcw at rrak ol bo1>)rning NE￿. £41,W VAS on th• Irdvklual prcq￿fft0. £Y3.249 WJPFtyybJ 110 tth8fidwi•s of41 ￿ in Blmiwom.. £18.816 wppcrt•Y 101 t4nknwies of 38 in Sm8th***. T(1￿ grart I￿￿Nd km•••d w tr* 2021￿1 fqw• of£119.￿￿. In¢reo•0 refAct8 •n Incre9￿ in Twsteo's rogwdrvj YKy)mè a rni¢yntoa modd ofgr•rts dI•trItwtt￿ fortho r*anty'8 Grants Offlcw. Ih th• 2021r22 year the • offw M8 r*JJned to lrtrpff8￿ vl&ts. Thh groty imrrn*l tr C•p• C¢)nwnunlty C•rn Day C•ntrn ICCCDC) Th• contre proth d8y.tw Gon￿L￿ed seTh1O￿ (fr* pryed meals thrDugh thak lunth8on dub, aft8 w¥J genfje ex•r¢i8el for th• ddety and vuln8r8￿. Thty prty4klg m•ds on fcf tho8• wl arè hcAMeboJnd. TM c•rrtr• is owi 3 a week aTrJ it enswe8 that fed 1888 18c4ated and ean dhcue8 ary pr(￿eM￿ls6￿8 may hm. uo•rs mm ind•p•r*J8nt WKI more 1Xrf￿en1 and can TW r•F*Xt th# aff•G* 070% ofthotr diert•. CCCDC aJk*J Icf a grant to fuTrJ a fiAI time Centre rcle r•sP￿S1￿1￿ tr all of the Iralnhw, HR arKI moBt oflhe •Yft7ln￿r9kn ofth• day c*• Sho a180 d￿1¢p$ centr¢ to meet th• nf*thofth8 u8ern. They ￿￿￿'d9 aweekty str￿￿real￿t*S to I￿Ule uots, 98nle èxord88, ¢tr)ked mea15 fcf tPwee ¢J8ythwek. b•frknTrAiTrJ 8UFfANI glwtypre81xl￿on collethn. A80, IW ¢JeNv•r qu8rt•ty •cé81 r*Jtlngs. lo rnwttal **llb*ng {Addr￿lr¥j d•m•ntlal, arml h8lp tac*le 8odal ildalion. In addition, they tsOINat•artF4ti￿1s. 8lWrt on hxp#alto a strong 8uppJt netwth, gnd IiWtPC4ts'w 8¢Mce wr¥ lo I￿th 8ervicw toa¥Thd row L8bUy, a montlty ofvsite Primary ca rotsrrah. etc. Pwtoflhe wLBsted grw*lsfrJruwkkllr¥J a tr￿11￿ on ￿lItI1￿j S•8￿0￿¥ that are 0)rr￿ on offer, and 8eek rvw ernergirvj c>JmmuThty $or¥ices aTrJ revenue streams for t Ixntre. The role Mll indude s(me of the ￿mInistration re￿4ftt HR reknnogs, and thar￿ fates p8rtairing to Se￿￿ p￿ide￿5 *.. aTrJ to en￿￿ ac*￿Ity se88iLY4 ¥re community le(l. Som• ofthe knth'ThJ is for an Increa￿￿ struyrlprofewonal rolfr ofEerJJrrty aTrJ MaIr￿an￿, arNJ aL40 to ft1￿1 a ¢ertre d•anor as tho Cerrfre Crthinator a kA of ￿lIlary suppori seL￿rity asp&a to the fiJThJlThJ was part(rftr*ir warrt OPF4K•kn in th• l•Bt thr•• yaws. Pty• 17 HARBORME AND sIEfHbMCK CTrL4RITABLE TRUST IA company Ilmlted by guarnntsv) TRUSTEES, REPORT fcCrt￿IiedJ FOR TFE YEAR ENOED 30 JUNE 2022 Soho and Vl¢torla Frlend• and Nelghbwrn CIC (s￿F&M) SVF&N SLI)Wt utlis88 a corrffiunity devebwnwtt aFprox*, a gcol arwj ￿￿erStandIn0 of the n8&Js ol their hxa ￿)MmUnty, enaNing rrid•nts to •r4J•Jed in iknlowng th￿r (hvn wass rcots n•tswrks and s4)wr¢ on alradrfic￿ in of L*)strkn1(¥mm￿Illo8. Tr CIC 80t up in 201110 supwt the older resKlents withln SOn￿l￿sMo￿thIc￿ ¥￿￿ may be ￿ing iryohtion 8n¢J tho g)mmunty Sndu$on. SVF&N are tjrw'ng up &lans to expw*d I￿r ￿¢48 to wky)rt NEET8lr18k4>f- NEETswlthkntheuJmmunty, wthich may be ¢lcty￿ti￿wIth waTd8to applicatiom to HPLC. Th• fooJ8 of SVF&N ovw F•51 knJr years h8B twi to *Drk ￿th IM over 55$. TW want to uEe the maJorty of th• gwt lo fvTh18n O(lJ¢ach yw wll o)itnue to SUFWrt dder 8ONi¢ U8er8 resid•nt in the A￿ent Pw18h tlywih a fwJe of 8uth a8 safety In th• hThm?, 6avirvJ ffltry. re￿n9 18olaU¢n, ar￿ ￿l￿b￿r￿J. emFtyh*m*nL •thocw, wgN8ro and refvffds to other 0rganlBaOo￿. cl 180 ￿ u*J to CfA* •TrJ •uppth a g￿n9 18am of vdunteef8. Th• Outr•&ts* Work•r, ty HPLC. o FYol•¢t lo'ldp poopl• to •upFort lh￿nselVej. tfvough t￿ prr4Kt'Just Arwnd Th• CLYnerf, dv4elo￿r￿j a moble l*Jb a8 a r•S￿r#X for l¢MI communty frc4n vthith m¢n isolat•d pjcyle be rethd 8bl& Io oc¢w8 Thrtyjgh th18 outreac* they r8arj￿d More isolated older ￿0p￿ry dow to *there ljity lfve. Tr approxh u8¢d h pr8vKiwty been 8uc¢•Mful, thu$ d•monstrth rfy)yd. Iden￿fied p•itioJar re8M18n￿ have pfirtiular id•88 w8nt to d￿e1￿, a8 th? Rryert Str¢•t o slop IW, ￿rrf￿ tm I￿1 Baptljl wem* 88 a bme from vthich i￿18￿ wopl8 can 4¢¢ a8￿ces. parbf)J19rty al￿ng people In nvwhtyJshig In w•a ne￿l¥JIld 08late8, off fr tsc41rtkn8 and Ic p808 wrth a nutribOUS m&4. also to ath*es8 80ual i801alTh, and aox lo 8iWP05tirvJ a￿(¢￿. Page 18 HARBORNE AND SMEfHWICK CHARrrABLE TRU8T IA compary Ilrnh•d by guarantse) TRU8TEE8' REPORT (conbnu8d) FOR THE YEAfl ENDED 30 JUNE 2022 Qulnborn• cornmu￿ A••cKl•tlon {QCA) r)Jrr•ntty catars for ovef ststy gr￿p8 meel fj) a wular b8gs and runs an Education Programme for ￿ leamers w ytsr. Twe gr¢X4YS I￿1￿Ja Gvd•n1￿, RKorded MUK Dog TrnltlrwJ. Che88, Rhythm Tim•, Craftclub. Choir, we even and our Lunc*eon Club. L￿th5. I&￿810￿nIS aTrJ YoL*h Clubs. QCC also hove a Lyèche on6tte, H8pty Cuner Nws•ry, ¥lo￿n9 s*Jdents to be able 10 le8m *At4lst their c*lldron are 8alety cared for. Tr nursery is also uwl tty Fthts frorn the 8urYtyJrM1irg (y)mmur4ty. Thoir 18 to p￿￿de a diver￿ of ￿tI￿li&S. a w*kc¥nirv4 meth.rvj kul ¢>Jmninty, eth¢￿0n ur8e8 and pThbde an outreacth 8eMc£ to1fns• n need. T￿ ww• I￿KIed to cimltrw• lo Club. goJr•J to la(*hng lonellrw isolat￿n In tha c4dar wjwlallon ofthe area, pwt• as t￿ ￿ern* c¥iNs PèBts8. Tly$ continue to be a gatVWay tor dire¢YwJ ttrKAe olderc•rdr8 usars ne&a Bupp)rt w5th d￿ents 88•odat•J prot4•ms t¢>•md8 QCA'8 suFwt then help BeNk• uw8tthv8rds ¢Jhide statutory arvj VSO 6upporL The servi￿ is onhane•J to Incwe sev•ral div8rse elements, ir*jud￿g'. a mèals vtho818 cyJtr8ach to ts LurKIN￿￿ Cl￿} adt*os$ing the ￿èd3 of c4d&r 8•Mc* ￿er8 ccn$idw8bty mm18d8ted than thosè fan thè cérrtrn l•tt•ThJ¥K* up Irom 1&18Aveekl, trfjth In Iwms of a med, Ixrt Ihe thr mnues of 8W*Wt and relov8nt Ilonp￿tin so, 8 lithvoentlè exeru88 VC#Jr•mrr*, defvwed to kYCW8 01 ts ckn, ¢X rwnclaty to wl8hlr¥J lo Contin￿ to 8df4K4ate. addit6Dn, ￿ ITthtterMt Mt•racylwwww m. ta l￿ffl 10 th• *it•mat to thelr best athwtsge. IIwJs •JcW¢s*ng isdatKn, lo do thi8 safoty. mlnlml¥lng exFosure to cyber-fr*h1, ato. and allo a c¥Jmmunty actiwlw dub5was Bet up. agaln ¥ddre881r$ 8CQo1 Iwfoti¢￿, but Wxng the effKts ond8mwrti& rgBp*o for Th• frjur 18rg8st gr¥ts acc¥Jmted £82,362131%) rf tho gant wd 1.331 148%) of the benefi0ar￿ reached. Pffje 19 K4RBOIiNE AND SMEfHWICK CHARrrABLE TRL IA comp•ny Ilmlt•d by TRUSTEES. REPORT fr￿1)n￿ed) FOR THE YEAR ENDED 30 JUNE 2WA2 Fln•nd*l R•vlthv Flnandll Po Th• Chiilty'¥ In¢Jty ¥Ath irfflati¢)n at tho •ThJ of the fift8r￿￿￿ year (CPI In June 2022 was 9.4%) l*y•fftr eXWd￿re ha8 In¢r•a*J morn Substantiaty to £1.510,655.' an IrKrea8e of 18% over 2020r21 fjwre of£1,278.716. In pgrtthis is t￿U$8 the charty hgs tr￿Se￿ tre ￿)ount cl Ma￿l¥j {£253.5￿,. ￿ i￿eSSe of 58% cN8r last ywrl it kq ￿MfOrta￿a ommithrq lo In Iwht cl a more for i)vestrn&rt ir#>>ne inv8stTh*nt wopgrty manaaement8nd hou8lng ha￿ incrna￿ substantialty t(xJ. Th8lrw7ea8e inthgBe area818 rellectN• ol th• ￿$1 of fr￿11￿1n9 0￿41y￿310n rnaknid and Lgt¥wr Mllich hgs t••n d¥ropJrU(Kwly tho rrnt of IMNJ crfth. Staff and L*ntr81 t4)Bts h•ve a￿0 rwn but onty in lrn *4th Infi•tw hwe in rem•'n•d bmacty PPE BF•*I reweo CLxts hwe ba￿ In 2￿21122 at £8,387 1£38,812 Sir￿ th• •lArt oltra ￿nd￿l0) (*wty'$ fflnoncwl •nd pror*rty In￿•trn0nts htr•* greglor thgn antrapated 18v•l of Ir￿Me dewte tho •¢xYth)Ic ttwm¢YI. in￿Stm0n￿ pwat•J £105.610 of Incom thlch £7,810 <7.9%) over ts ch8rlty.fy W flgwe. NET Invethvnl woperty exce•J8d bLW by £201,211 1176%) hu4¥￿81 rt té notsd thot mo6t of￿¢ I￿r￿erIc¥MorullM1 bwau8e oldelay8 In l•rg8 prwty r•thJrbi$M￿rkn th91 c￿1 hto 202¥23 imwoved ts nel Unforiunatèty, the vcAafjle hth? Ilw ONYTdl vthJ• and perfor￿n& of the Ch￿,& fmanciol wlth h•ve othJc•d in £5,270.73518 ￿JU&￿n of £487,283 or 8.14%). It is tho polw to cyr* •xrthltsè1£755.3281 12 monts, moknt•nan¢ 0¥p￿d￿lE221.8cffjl in re8efve in thefonn (4￿h. ofX)JLrn 2022th8 h¢>kllTr4 É2,1W,980 In cash 8 total or £7,461,695 in aith8r c48h c¢ e￿lY &q￿jatal iTNWtments. Tho ¢*8rity hold8 £221,8tOofthls c*1 £221.￿ry ofttwo IIWatsd Invutrnwts ￿ a dwlwwtrAI plarThd maln￿￿ fvr*J. cthrty'8 rewr¥e8 kK4cy and F4aMrAI mrinknnm fwwjs onty ￿N• tr £9T7.134 of and rt*￿ £221,￿ 01088ty Ilquld8ted hwegknents tr* Truslo9$1hnk it yu¢knl to hdd mcfe in antidpgyon of not onty any Werrtid rx4t8 V*ith the Mai￿ risks identff￿ earlier in Ihl$ report Ikyintypalty wdfare and likty lo cost £20J,cKJo) t¥Jt al80 the hw of refurbi8tiiTrJ 8(Ino of t1￿ C￿,8 OK1 Inv88trnent pID￿rt￿ {antiapaled to exc*J £2LIJ.(KKI noxt yw) ono up to mrrt• r¢sldential proFerty purch•8•8. Naverth•le88. TnMteeB ltrth that a8 kntere8t inuB88e it ￿ al80 ￿8¢ to 98ln ￿m0 r6￿rn the peThliTrJ fvnd3 and thw•tl• Flan lo mw• £SXI.LXJO irto •asy ar￿sS irNeBlmwrt accvurts ￿rtng th 2022rzJ fln8nc*l yw. Pap 21 HARBORNE AND SMETH￿K CHARITA￿ TRLL8T IA company Ilmttsd by KW￿1••) TRUSTEES. (C￿tinue￿I FOR THE YEAR ENDED 3D JUNE 2022 Inv•Ntm•nts 2021r22 has yaar ts thè d￿1￿¥ Inve8tm&rt irw))m8 has hdd Up¥￿11 at£138.26Ow*J haStr￿perknn￿ wlrotbudgettth¥ewfv portlolij the ovefall of tho ha8 r￿C￿l 8.9% to £5,270.735. N4 01 30 June 2￿ the p)rtfol(o w*8 Inv•8ted iii UK Equty 28.1% Ovw¥ea8 Ewty 39.2% Bonds 12.1% Altemth 10.8% UK Prcprty The portfol￿ ho8 pefkned 8gthn&t in th• last y*r fèdurang ty 5.1% ag8ln8t a twchrnork ￿U￿b)n in P•r1￿M￿n¢¢ of 4.4%. ttrls Li. In part a rnfie(*on of Ihe limw exposure to t¢nd8 whith wlmed during 61￿rt twrn MA￿•t frtx#uat*JM. IAthil• ￿rtornianc¥ tr48r the short term 18 wor thanty's Fts110lio 8I118ffjnrtl• exixgJ8d tha i￿rn￿k ¢)ver 3 y•ar8111.8% agaln8t t*ndNn#rk figwo of 8.￿). S yèarn 127.8% •]**t • bwtsynark of 22.1%) arKI •lrv Inco￿￿• 1207.3% ag*'n8t a benchmark fyurg rf 188.2%) The Truthe• havè Sp￿ E¥dyn Pf*b￿rn to th• dwrty8 w>rtrDIKI and h8V• 8•t the fimi thè follththng &4•*N•&' The cre8fjon of a 8uffL*rt frfwKa•l r•bn to the C*¥ty lo ￿rry oul W¥ purp)fy•s aTra wthout intsrrupY¢ Th• m8lnt•ngru and akn•nt ¢1 the urfrth• Iw t•mi. To obtgln o n>a80natrA• baknc¥ btheen c4* IrKxm• w th91 ts Charty can m••t as wdl a8 Ixirr•nt ne•Js. To nwlnt•n • m¢dkTh rl•k pthllo. The Tru8tee8' poIIcy IB to InN*•t In an 4wopri* MLX of real gseets l.•. •4urfi0s, fix•d irtornsi wxrrtl•8, *￿m￿tiVa ￿60￿ and mM•tsry 88gots. Tmsto88 rec))wi￿ that Ihe on whib to be greater over the Wer twm offix•J intefe8tand m￿ry au•ts, ar• hka￿t0 ￿ rnlxe volatil8. Inve8tmert in 8 mix of ai88t d88ta8 wo¥ld8 ￿ kn¥•18 of rth re(WIr￿ k¥the Tw8110 othkv¢ rts obledNes, pr1yr1￿ while Cottwffj monwe the thrlty'8 cxJmmwci81888et8. ￿,8 proF* invg•lmwts gwa￿1 £529,rA8 oflr•xn* 3J21r22. Thè charlty Wted hlghBT than anudpated ¥￿d rateB in Ilght of ts corr*nordg1 OFeratlwJ erwronment after the pand8mG but th HARBORNE AND SMEfHMCK CHARIT￿ TRL (A company Ilmlt•d by guarnnts•) TRUSTEES. REPORT (C￿￿￿￿8&? FOR THE YEAR ENDED JO ￿1N£ 2tr22 Th• dwlty's investmerrt fflwwjemert cojts hm t*8n ifKx8w&I to £204,855 h 2021r22, IB b￿jg8 of Ihre8 kay factors.. ProFwty r•patrs costs kne kMt pnd•mK materfal 8lx¥tsgg8 f￿1￿￿j Infiatb)nory wessiwes. The nurthr of propwty re￿11$ inu888ed signrk4nty in the knt morrth of the lln8TrYal year vthen th• pcrfdolio transf8rred to agents aTrJ mainioNqnc¢'i8s¢w' emwged. Th8 tharity i8 cwr•nty reThw8lbNJ lopjo wrpwues th&t wwe han￿3 b•ck by othr thants in Poof Ccfjditv￿. Valu• for IAOMY V￿u• fty PAJMY (VFMI 18 *AWS the doltrffj of our charitth mls8kffi and For HPLC VFM l• max*nk•inq to: enAbl8 our r•81￿ to lh* In •t)vIr￿m￿ th&t I￿￿1r heath and %Wlt¢lrvJ, tlvA knM¢nirKJ the on th• NHS ty rI￿r￿4 th& for GP Iki•wtd ¥iiit• adm*•r￿S to hcrfn￿,' 8UFPtsrt our Ind¢Vk1￿I grvrt r￿aF￿8rt• of nxe•th gr￿1 baby •rn5', ar￿. 08WSt ry98nis*on$ kn thek atternrhto Th￿0¥elh*￿ealltt, and Dpprytun￿•• ofth• inhat*twts ol th• pN*h IkMI rox* pot•nts•l. Arrnnwmnts to En•ur• VFiir VFM drNes our 8trfj¢wJl¢ of rrt •u•ts, wplg kYocw•mert ￿ *Jth ttwoL¥h dl a8ptrX ofow 8trattrJk pl¥4. Progr￿ at oY>mmitto8 m••ty and ty the ftll b)ard on 4 quirterty ba818. & A￿jrt Com lcrutlth Il rrfflrwthl ¢wfmgnc• wè have wund fln8rKI81 ru￿$ and r•gulatKJnB. Our T•lum8 on YNestri)ent we benchrnark•J 80 trat e4n b• certabn ttwt our Btoc*8 Shares arn apkYO￿ats orxl perfcrfmirvJ *eH. Eypendrture a09rt￿￿l￿t lor ￿ asF•cts ofth• charty 18 thfd(ad rr￿)nthlY by thè Marngmnt Twn. I￿l￿aUse Comm montr8 Vokl Ic•8. WKI repa*s and In rgkqllon to (￿r fv• Imshc4J8•1. uThlwtook late81 fiwew 8t(Kk c¢fithn 2019 has fcm)•J baglB of our ￿anned rnairrtenancè Fryramme Lw•r the r￿xI year8. ￿￿tin￿ to tsk¢ a t)91ancad ￿eW of mwrrtenanca. rnall*rvJ th• imiYyts￿ cl keeplrvJ our bxcy1kn8 8t 8 h￿ah stsndard, ￿ Ihat thoy remaln d￿lIats￿ 8nd ￿Sure low v(id rat•8, *ttKXrt ￿rykn9 It ￿ nBce88ary. tendor￿ and that the dwrlty Is gethw ih? best fDr the morw it 18 8pwbain The c*8rtty18 8 mamt•r dthe SPBM Benthrnarkl￿ Gro￿ wfifjc* 8gsess6s p•fom*)ce agalnstlhat of slmilar ¢Ngani￿￿On5 and erthle8 Ue to 8W• w8c*(*. akn huve a rrt)(￿l Cth of CondLKa and ComF4alrts woc•dure tts¢wao in 2019 ty th• scrjbny I￿rnI. HAR80RNEAND SMETHMCK CHARrrABLE TRUST {A company Ilmli•d by gu•rant••) TRUSTEE8' REPORT (ccrtnued) FOR THE YEAR ENDED ￿ JUNE 2022 ènsure are 8dfthng to the ¢h*ty'a grxnts 8tr*. *Athith (A#fin•s ow W prioriles ts Ihe yew. Tr• are rtyul&fy revM*J ￿ attored ovw tyme acc47rdirvJ to thnlified pattwns of need 8818tlish8d from lcd reB￿r￿S as Sand*l'8 N*ght#￿￿I￿￿d &J"N$ Plan. Any gpplThJonB m&Je to the tharity ￿ asse55ed Itwe Pri￿*8 On￿ 8pplThtion8 that deM￿strate 8n abilty to ita¢h￿vad. B•n¢hm•rklng R•nkln9 The has cofflparfrj bx41 I<￿Ir￿a¢*￿11ots thgtfom tha SPBM Ba￿*Ma￿l grrmjp. T￿ c+￿ty ha8 a comtination offflv￿￿ory mth frC￿ th2 Reg￿rItsr Scthl Hou￿n9 IRSHI aTrd Qthors ffletrlr* this fft to Th8 r￿ul1# of this o)mp*lion am d•taikryd in the tsbk* bd¢y* shrf•ArvJ th18 CQmFW•S to18st and gmng a sh¢Yt narrthe exF4an8tiNJ of what the melric rn￿8 chgrlt*• perftymwu is it li. Finalty, the tharty Irdud•d ils ¢yA of 14 SPBM mefflbern.. d•ftMd tyth• Fknwlthrfor8oora Inql Ii*Thk I¢￿¢114) V(4Y (yl 04• 17 ie t•Tii*i•iiiWg•tLY21 dv du•) i*t •rr•w (%) m¥gin (%) IRSH 1011 .13 (A c(xnpry Ilmltsd by gu•rnnts•l TRUSTEES, REPORT (ctwfffiuedj FOR THE YEAR ENDED 30 JUNE 2022 ¢A• byth RryW•t•rf•rSoc nk lthrtul14> (%) 49 tcth IR8H 1CQ) EBtTtM la1• r￿rtty WA rr•uMI 47Y• 704* 8HXO) (RSH 2041 l•t IR8H 3041 HARBORNE AND s￿ETH￿cK CHARrrA8LE TRUST IA ¢ompany Ilmlt•d by guwrto•1 TRU8TEES' REPORT (c4)ntinu8oJ FOR TtrE YEAR EKIED 30 JLA4E 2Q22 (AId•fin￿ *th• lthrtof 141 IRC¢E) % 4.12% VISH 4011 11 £10.14• £1Qi IRSH 6011 P￿n• forth• The Lwuook for 2￿22r￿a ￿ Incre88hgtyJu8t as glc￿1 a nthv (YJ¢XLlnth* in tr* fv8t hgtt d 21YU Vlts arrtkirAte a fill SYCgTomme of Mknnt activrftu will commffu In tr* rrt hWd207J. The tharty ￿11 rentrw ts eledrfclty 8nd 984 2023. Thts ¢knity *ill erthavow to Its u8&Je lo get thè bg8t pos&￿? r¥tg tr the thwty'8 rwid•kn. Flninc• and InvMlm•nt Il•n•gThil The tharity'8 mlor cor￿￿ r&3ardiNJ In 2022r23 are irfflation and intw•&t rat88. To this end1he ¢tsity's inve¥trnenl m8nggary are TWI￿7ng •ll &4uths 0￿*d by trochartty to ens that811those 1ftt￿ P￿￿.0 offorsomo tkgreeofinfithn rew1w￿. Tlis is nGrK*tions. AILwthwwotthkn •ja¥￿tthe weB8ure8 0firrfbti￿*￿I Intrnt may b& lo fiJth•r rnduL* th8 alr￿nt of the FxxUolvJ in thg UK Th thwity ffiay well its UK holdln98 In 2tr22r23. charity *¥ll alBO te monrknring the and maTk•ts. Histixiraty eqiiti08 have s￿nifiCa￿Y incYe88e ￿ ￿(g￿"r¢j of boTrJs glts in Page 27 HARBORNE AND SMEfHWICK CHARIT￿ Tri IA eompAny Ilmlt•d by guwants•l TRUSTEES, REPORT (txythu8dJ FOR THE YEAR ENOED 30 JUNE 2022 Thè chwity mthtorth• markel 8ThJ slvxdd fawwabb Wng C41ndMknM ry•88ntthem8elve¥ Iho charty may purchase anothor reBidep**l wopwb* Tefrrti8hmenb i)dLth c>Jmplating renovthon of ￿ propwties in the cwtre ot Hgrtune. ¢knty W lo fiNsh WC•XS d IrKuFornllon ty Ur¥ty￿ both H9rtyOn￿ atNI SmètPvwtk CharltabL• Trust and HarbTh knsh Charity *ilh a￿￿OIL￿￿*1 dir**in fr￿1he c￿lty Comm18son maknng Ilrforniatlon Cornmunlc•11on• T•Ghnology Ilcn T￿ tharlty wll instsll ts4r 8eNer8 In 2023. Th18 progrnmmo plwmed for wrnpl81th In 2U22 wo8 deiay•d lo 8lkyAf the wgrade of the ch8nty tel8F1￿￿ infra8trLKlure IKMryVW 8nttlpats dwnty will revlew moblle Flm s(lub'¢M In 2023 tQ •8tabllthlng •tarthrd packap ol harthw8 that for •)d wlp*dic 61•ll depfvyrnient Ro8K1•nt lah *ill bo kn*aNeAI Irt Fh CW to t•*1• • l￿d￿ning dvJfol dè by w)pkn. Holllngwth Hou enty and I￿ritY iy8tm CCTV at Fknllinffii Houm.. th• c*•rity'$ Hart￿Th hoath]uart•rs. Hollirywrth H￿￿8 vlll 8100 hrtw8tÈr In th• frrtm of • 8lrvJl• Un¥￿￿j hot water ar#Y ttyee commeroal trfxlern. Th8 pyoiect li to £25.WO. of Infommllon to Audtorn Each ofth8 per8on8vknoar• Tr￿•8 time trthTnAtees' RW LT•Fvo¥•J ha80)nfirni•a th•t'. rar 98 th*th• Tn*tea8 we a*we, is rrtj relv4•1t th•rity'8 18 un4v*7re.' theTr￿tte8 hgvetak•n o118*thatthty OLWto hmtsk•nlo m*ethern1e￿￿ of•ny rnknnt audr( inf￿allOn ar¥J to that wdlor 18 ￿re cllh* yilomi**n. Audliorn auditors, MHA Mac1￿ have Indlc4t&l tsr to ccrtlnue kn olK¥. Th& dB8wnatth Tru8tee8 wlll wopo8e B moticn to reapprAnting the atfv moetlng oflhe Tnths. Tru8tets' Réport a Slr*c Retxx( waB cl BMrd of TrU9t￿ and sign8d the b)wd'$ HARBORNE AND SMETHWICK CHAiufABLE TRL IA ¢OmPAry Ilrnltod by gu￿nI¢¢I TRUSTEES, REPORT (continueo) FOR THE YEAR ENDED 30 JLP4E 2022 Stat•m•nt alTr￿1•￿' rupon•lblllllD• The Tru8tee8 are re1rwi￿￿lo tr prewirwJ the Tr￿18•$. Rop)rt flnancid 81atements n xcordar th apFlI￿O l•w and UnlteA PttLwnUr*J Standwds {UnibJ KknsTrJcffi Go￿r¥I￿ A￿apted AcC￿ting Prathl. The law aFpl1¢ab￿ to wi En￿*d a rwitres fv Truste8s kn Kywre fin8ncial 8latwnerrt8 lor each ffinandal yew giw a true 8r*J far of ￿ Stste of aff•r5 of lh& chanty and of its incoming r6eour*X8 8r*J eFWicatson ¢rf re￿￿ce8. iTrSuding rt8 eX￿￿th￿r0. Air that rthod. In wepariffd IheBe lknandl elaternents. IMtse8 Orn to... ¢b8eNe the metrbJdB and prf￿rA￿8 ofthg Chwlfjes SORP IFRS 102)., makejuthJmth8 and oc1￿jntiThj 88tim*es th&t are r08$0nth arbj P￿d￿l stsle vthether OpF4iC4b￿ UK￿&￿n￿rlj Stsndar(ts {FRS 1021 hovo bèan fc41t>h*d, •u￿.1£t to any materLql deparbJTe th'8¢k4ed eXpl￿n￿d in thts fln•K4818tst•ments." re t￿ flnwal *8tsm8nl8 on the going C•Yt•m t*ol8 it i• inapwoprlate to pr•8umo that th• ¢horty will ctrfnue kn bLoIn￿l. Tho TnJ8teO8afe regp)n%È4•for k88plng ath0JAtea￿y>￿ltfn9 recuds tr￿tar8 iuffld8r*to $hN gnd OXF4aln the thrty'• transactions 8n¢ d18d08• with rw8cnqble Kcur•w at ary b"m& the ￿na￿la1 (¥)8￿.0n ol the ch8rlty 4rKJ on8￿* to enwre tho1 tho finandal slatemerts compP4 with th• Charfb'of AL# 2011, the Chanty lAc￿nts and Reptyhl R•gula¢Krn 2C(48 8r¥J the w￿$1)n8 of VK? Mt d*1. TMY we 01 respon8lJle for the a88•18 of ts Chwlty for t&kirYd roo•¢Mbkn sty for thè pfevenbon tYet•ction of fr*bJ and irrn9￿th. Dl•cl¢)•urn of Infonn•tlon lo •uthlor Each ￿1h9 F¥JrwTr•*tho•r• T(￿teel th01Tn*￿8, R•yt 18 aFyov•J ¢x)nfflm•a that So lar a8 th• Tnote¢8 w• •K*•. tlm18 no r•le4artwth Ir*omwkn ofvthlc*th• auLltor IJ urTh¥aro', and The Tn￿tee& have tak•n all tho itv cv4ht *) a8 a Tnnt•e In order to bo infDnnation. Audttor The avJrtor. MHA MadrtY￿ H￿kn. has rdc•t•d th* to rxrfthug h irffice. Tre d￿Ignated Tru8t8e8 wll wop)s• reaF￿[n￿¥ thg a￿1*￿ 81 o oflhg Tr￿1&#. Mr D J8ffrny 2ad loz HARBORNE AND SMETfrhMCK CHARITA￿ TRUST IA company Ilmlt•d by guarant••l IMDEPENDENT AUDITOR'S REPORT TO THETR118TE8 OF HARBORNE SMErH￿cK CHARITABLE TRUST Oplnlon W8 haw) wdlbj 8tat•meth OF arKI Charitaile Tnmt lthe'thrity? year ¢ThJed 30 Jwe 2022 o)rnprise the Stthnath of Finarthl Acthtbe8, Balan￿ Sh￿( tha stste￿nI of C86h Flwo 8nd relat￿ notas, a SLYAm8ry d $lgr*fiwrt wiunttTrJ pdTCk86. Th8 ffronoal ￿porting fran￿￿k Ihai has been 8Oied in thew weparats￿ ￿ 8rplieabbe Lgw and Unit&J KIng￿M AeKJ)unting st￿d￿dI. In¢JAlty Financial R•F#)W St•h1wd 102 Tr FingrKial ReiAvting StsThJ8rd 8pF4tabkn in VK oThJ Rep￿1￿ Iunited I(¥￿C￿n G￿lY P¢e•èd Prxic•l. finano818t8teftwnts h8ve twn weFwad in ￿ctVd￿￿￿ Att￿ntIN￿ and RepcAItVJ ty ChaMts• p￿paring •¢xcrfdaTr> Fin￿¥1 Repc*tn9 Str￿1•r¢s aFplkable in the UK Republ￿ of IrelaTrJ IFRS 1021 to ￿ Ao>wrttng RoF*)rting ty Charitiéb.. Slatsmenl of R8￿mm•￿￿ed l>rwaic• 0$￿1 cm 1 ￿.1 l• rnfeTh•J to in thD •xtsnt ryJaUon8 ha• b8•n Thii ho1 boen (kjno in orfèrlortho to fay with Ihts Acuuntir( PTrXc• •ffth•tr r•[yy0￿ pJthlB t44'wrvJ on or aft•r 1 2015. In OLY oplrlcfi t￿ finarthl ￿*m￿lI. glve a truè fatr ol IM 8trté of tr• tsty'$ affairn as ot 2022 o16ts Inc(¥nlno Pradlc•', and ha￿ been propared h) &YAxdwKX ofth• Ch8th• P<* 2rJ11. Ba•1• for oplnlon We ￿￿(￿t•d ow authl tmth Intem&tKThI St•thd8 ￿ Pltd￿ng (UK) {ISA81 IUK) and applic4bl• Iw. Our mrthslbiliti￿ •18n(Iwd$ are futhr L*6¢rt•d In Ihe Auditorfs re8wn8*ikn¥ for the wdii of finano818tatsmertS 8&Xon of w reptyt. Vle inder•nd•nt of tharty In a¢c4)rd#nce with the etht*l rtwwm￿ts Ihgt rdovant to w 0￿J￿ of lhg financid Bthmerrt• In Ihe Unrte(l Klngdom. ind￿lIng1￿ Flngncial R8F¥yb'rg Ctsurtil'8 Elt*41 Stsndard, fv11118d our Olher elhical won81ts1th8 in vAh I￿r￿ner￿. We t*lwo that the audh evldence h8vg obtsined 16 surn&•nt 8nd approwate lo pro￿d? b bws for ow qxnlm. C*)n¢Ju•lon• r•l•tlng to goliYJ ￿nc•M In aL*Jlting th8 finandal *at￿lts. ￿ hawe conc*kna that TrwtoN' clthe 9olrg ￿&1• 01 •ttountir& i) the wewralon of thè finaneJo1 stthm•nts is Apprcywts. 88wJ on the VKrt ￿ have r¢rf¢m•J. wa idanffi•J any Materf￿ ￿rtai￿leS rdth'rYJ to ev￿1¥ or cefiditicrn thaL Indlvljualty or C£4￿￿¥?￿, may ca8t slgnmrant douirt on th8 chwWB abilty lo corrtlnue 88 a axThm for a p6rA)J ol at leaot mortt* from tr• finwX)￿ slatThnts are 8uihorlBed Our rgsyJnsitslitle$ 8ThJ of the **h W b) wng *Je8ult4d In HARBORNE AND SMEfH¥MCK CHARtrABLE TRUST (A ¢ompny IlmEt•d by gwrnnts•) INDEPENDENT AWITOR'S REPORT TOTrE TRUSTEES OF MARB0￿ AND SMEfHMCK CHARITABLE TRUST (continueo) Other Infomialltsn The oth&r intsmabcffj I￿ormth i￿L￿￿ in thè Affl￿ Rewl fvn the statsrnerts and tsur A￿ditO￿8 Repc¥t tharwi. The rw4Jnsitlè tor th8 other Irrf￿18l￿n contained witl¥n Annual Our on th& Thr￿81 st•t6m•its (kns not cO￿r the (knr information ond. ex(wt to the exlent othew8e &xpliutty stated in ow repyL we do not •xF*e88 ￿Y form of a￿UranCe ther￿. Ow Mspxsl￿1tty is lo read ther infcThatw and. In thing 80. con8lder whther th8 otheA Infc￿$t1l￿ IS rnaterialty itb>)nsist•ni *ilh th8 finarK* stateffl￿ts or ow knt*ledg• oblalned In the row88 ol othw*iBe app8wB kn te mthrially rni55tatwJ. If ￿ Identify 8 materw I￿O￿Lstaf￿*s or8Fparert rnotsrid m*8tstam•nis. we requiredto detsrmir*wlwther Ihi8 giv88 8¢ to a rnatsial MI￿tatem•fit in the IMm8ths. If, on wg have ptrrfom￿d. ¢ondudE that thw• is a malerid ny86tsttmwt cl othw in1NmaI￿. V+* are requlred to rwl IhatleA l•V• ha￿ rthlng lo reptyl in Ihi8 Tvd. IA•tt•r• on ththlch w• •rn Y•qulY•d to r•port ty •xc•ptlon havo ncihlng to rgtth in of ICA￿lty mAtt•rn th• Ch•lW Ika)unt• R•p￿) Regul￿onI 20CQ wulrns U• to rawt tr) you if. in OLY oF4racffi'. the Infcmokn thè Tru•lws' R•pot th InCOrAts￿ In •ry m•t•rlal r•4>&# V*ith th• Ilnancaql th• fiMnc4d 8tatem¢rt• 8r• not in agreem￿1 7Mth the a¢xourrtAYd rxordB #Try rthmi., RMpon•knllltl•• of Tru•tM• A6 expla￿ed m¢y• fully in TNths8' ￿oIrtht get on pgge 29. the ar• r•Spon5bl8fortr￿ wep*J'on oftho fina￿ stal9m￿vhttgV• gtrLkl *ThJ lalrv*w, ond for suth intam81 ¢ontrol a8 the Trurt8•s dètem)Irrt is ￿￿sary to ￿ble the msr8tKn ol financigl statrmontsthal ore free frtsm rnat•rfd mlsBtat•mwrt. **Mhw du• to Ir•A or In wep8rfng the 8tatern•nts. th• Trtml￿ rgBFU$￿￿e for a88u%ng the tharlty'5 atslity to 88 a gcxng t£￿e*￿, dlBdcdTrJ as appkth. mthfs ￿?¢•￿ to goirvj ¢x*nrAm u8lw the goln9 conc4m t411& of ac£ountitYJ unle86 the •tlw to Ikiuhlateth• th&rlty or to COaW OPW8ti0￿, or hBve no reoli6tb¢ alt8malve tr￿tt0 do so. AUdttQ￿• r••pon•lbllltl•• forth• •udlt of tr• fln•ncW •t*t•m We have be8n 4FFolnted 88 a￿1[101 und•r seclon 144 of the chor￿0$ 2011 rwt kn •r£4)rdanc8 Our obJ¢c*ves ar• to obtaln rg8watAe at*JJt ￿*￿eT the statements 88 a art fr•8 frcffl material mi8statsmort whetmr to fra￿j cf error. and to i58￿ an Re￿rtthat indud88 Dur opirion. R6a8onabb 8ssurgnce Is a hvJh assur8rKe, ￿ 1$ not a guarant•• that an aLKIit eondu¢aod kn aox>)r¢anc• wilh IS￿ (UK) wll dBts# a rnatèrial ml8gl¥tgwent •xi8ts. Mis8tatemenis can 0rf6e fr(¥n fv•AI or and are materi8111, lTrJ.￿dUdlFI ty In the aggrryate, o)uld ro88cnabty bo to Infiu8rKxtr er￿￿1cd￿I•1￿ ol u8WS on the b881s ofth88 narK4al Statem P4e 31 HARBORNE AND SMETfrfMcK CK4RITABLETRUST (A ¢omp•ny IlmM•d by w•rnnt••) INDEPENDENT AUDITOR'S REPCARTTO TrE TRUSI&SOF HARBORHE AMD 8METHIIICK CHARITABLE TRUST (¢>ythu Irregularitks, IndudKIg fraud. are In81ances of n¢¥traJmrAiarKe *ith IM arnj reguUqtic¥)8. dosign pracadurnb kn Ilne vAth Our r•swn*ts'liti8s, rAllwvJ aiThe, to ¢18ted mat￿181 m188tathents in re8FeCt of irregukari¥g8, Inc￿1n9 fraud. The extr* to dets¢*ng Irrngularits•s. IncludlrYJ is detai￿￿ betyK. Obtankng a￿1 ur¥JerBtsndrvJ rf the IW 8r#Y that tre oK￿•t&S In, fw%rKJ on wulab"cffls that hwe a dir8d off￿t C￿ ts fin￿d￿ 8tatemerts.' EnquirirvJ of managom*rt and Tn￿￿•• •ournJ krohm ty •uip**d of Th)rKM1￿19￿￿ of lovrn and ltyu￿bOrffj and fraud.. DI&￿Sir9 amry the eTrJawent team trwJAT V•t*è fraLpJ mKJht £0)Jr kn tha fiMr*a 8tslement8 and ary pX•nY81 IndlcaUon$ of fraud.. cnrnplianc* *ilh la￿ and rngutslon•', arxl PerfDmlNJ 8u¢ltKrt in relatbn to t￿ risk cl mono9om8nt lThJudlng te8Ur¥J ofiuumal •ntrl othw &alU￿7)￿ fry apky0￿atrnO r6vithbing ￿ntI¥d 86tNn1ts8 for bias. oftro Ir*w•rt IwntsK>fA a rlthlhAt*•7•A rntd8tfA al Irreg￿•6￿01. Ir￿f￿dIng thaso leadlng to a matedal mls•tatemerrt In the ffin*K4?I8t4tem￿1E or v*ith Nul￿0￿. TN8 rigk tr* more tho1 cfjmF418nc***h a I￿¥ LY rngulation is r•mt>4*1 trom th8 wont8 and tran￿￿l￿6 ected In the fina￿￿ 6tsterne￿. be le88 lthdyto bxrm&Mre ofin$tsnc•sof ￿￿-￿MPlI￿nc0. Tha r￿k 18 a￿0 oro8ter r•g8rdlng Irregul8rlti8S 0(%(￿ing to fraud rathw Ihgn error. a• fraL>J invofve• knt•rfono1 ¢x￿￿01M¢nt frygery. cdlL•hn miir•fft•1th￿. A fwtherile0￿p￿￿ ofwr 8¢*3(t ofth• •t*w*nts li located Flnand•l Au¢Jitorf• Report ot our v•port This report Is m*Je tol*y to th• ¢*oritsbkn t>X)Pgrfs Trust￿. 0$ 8 ty)thy. In 8ccordance Part 4 oflr Char1ty¢8 I*££￿nts 8nd Rep￿1$} Regulalfjo￿ ￿. CXK wjit tAThk has undertak8n 80 thal w• mlght 8tate to tho th8ritat48 COrnFAnYs Tr￿lee6 m*tws wa requw•J lo st¥t• tu thern in an Auditor8 Report and ￿ no otW purw*e. To IM fullbst ￿ [￿ni￿ad ty l*w, ￿ do not accept or 458ur re8pon6lbilty to anycTh otherthan the charifabkn c%mpwry itstru61088. as a boty. fcf our ouditwNk, for thii r•wt orfortr• oF4t¥crn he￿ MHA M•c*rtyr• Hud•on ststutryy A￿llor8 BirmiTrJham. Unw Kkw(h)m Date: 27 March 2023 MHA Madntyre Hth1oon we dikibkn to xt as ￿tsYS ¥) tenm of¥•thM 1212 oflh• c￿lp•no&S kt 21ffj. HARBORNE AND 8METHMCK CHAIlITA￿ TriIST IA Company Ilrntt•d ty guarankn•l CONSOLIDATED STATEMEKf OF FIIAPKIALACTMTES FOR THE YEAR ENL)ED 30 JUNE 2022 Total Totsl Fund• Fund• Fund• Charitat49 8Ctiwt Invé8tments Olh•r i)como 9)1.029 .318 1.029 7.318 870.805 580.023 Exp•ndltur• gn: Ra18Ing Charitable athrb Houslng Grant8 for rell•f In nwl 211,868 237,188 198.874 124,317 .414 889.937 162,4￿) 253,*) Not movorTkJnt In lunth bolrY• 1108888ygains on wive8trn•nts N6t I10s96sygam8 on Invttbnents I￿,185) 174,360 N•t mo¥•m•nt In funth R•conclll•tlon ollund•: TrAal fvnds tfcught forww(I Not fflov•mwt In fvndj 19 6.IC6.825 16,077,394 22.184,219 21,286,943 Tolal furn1• c•rrl•d foM•rd The St4twnent of Fin•r£ial PthtvJs 811 oaknsarAI h)88e8 rwwed in the yw. The rths on pages 3610 51 fcrfm wtolllwo frffii81 HARBORNE ANO si*nhMcK CHARITABLETRI IA company Ilmlthd by guarantw) CONSOUDATED AND CHAIUTh BALAMCE SlEEr-C￿l￿ N& 1121743J AS AT 30 JUNE 2022 3)22 2021 Gmup Charfty Flx•d as¥¥ts T8NJlble fix&J a68el* Inve8trn•nt wop•ty Inv88trn¥nts 12 13 4343,n1 10.211584 4,450.710 10,213.584 19M405 20.402,312 Curmnt •M•ts Debtor8 Calh at b8nk arx1 In h•M1 15 123.375 219,071 1314335 2.M,327 Credltor8'. f4lllNJ ¢kn wltin on• yw 16 Tat*l a•••t• IM• cuvrnnt 21,871S17 22,2SJ.529 Creditors.. arn￿rts falh'w (kn aft•r more Ih•n on• y• 17 Total n•t ••••¢• c￿rfty fund• End0￿￿ent lur•J8 Vrwe8lrithd lurvJ8 19 19 15.SMIB5 18.077.394 Thè cfjmpary •ntitkryd to •x•rnpts)n frcffl under seLlicfi 480 Of￿ c￿panI•S *)rro N•te••h u••d In lIM￿1n9 ￿tI¥ll1•0 Ch•ng• In e•th Ind c••h •wlv•l•rt• In lh• y••r Ca8h and Lwh •quvAlents at ts be￿r￿ y¢¥ 2106 C••h Ind c••h •qulv•lwts at th• •Thl ollh• y••r T1￿ cn p•g•s 38 to 51 frffii wlofthw• *?tWr￿ts. Page 35 HARBORNE AND 81EfHbMCK CHAIIrrA￿ TRUST {A compAny IFmll•d by gU•rnrtM) MOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 G•nDrnl ln10m￿ll0Tr The Hartome Smthi¢k Charftsble TrLMt 15 a w¥at8 cc￿￿nY limtsj ty guarant•• re9lstwed ilh tho Charty CommissiC￿ aTrJ CornpaThe8 in Englafra W*8. Its Wbstertd offic• is 1CB Court Oak Ro&l. Hart#)me, 8*rnvWam. B17 ThB nabn of oper8lic•)8 orn1 whiri'pAI 8dNib•s of th8 wp we relljvlng noed In the ancaant rish of Hath. Acco￿￿9 pdld 81•1• ol prnp•r•tlon ol fln•ncl•l •t•1￿￿ The fln8￿141 statements have teen P£cord￿•W￿ tr* Charfkn SORP IFRS 1tr2} - I￿￿nting ￿ Rewjrtirq by C￿[11108.. Ststemant of R￿>7)m•na￿d PractfA> apFI¢9bl• to proparirvJ accord0￿1 th the FlnoThJal Rep)￿ry Standard WJF4ic4t4e m th* UK 8rN1 RepUtA￿ of IrdaTrJ IFRS 1021 leffetht 1 J•nuwy 20191. lh• FinArrtial Rep)￿n9 Star*Jaid UK ReW￿1c of IrdaTrJ IFRS 102) Ihe Cornw)ie8 kt 2C(6. blateM￿ b••n 8'tr1o and and hllvo d•port•d frcm ts Ch8thw IAccourt8 WKI Re[￿9) R•3ulatm 2Cl￿ to th• •xt8nt rwulr￿I to omde a In* ¥*J vknv. Thro d•pkn has in¥rl¥•d fdlowirvj the Chwitie8 SORP IFRS 1021 publish￿ in OrtrtJfJ 2019 rallxrthanlJ￿AC1r￿*.ng and Repormry by charlo￿.. Stat•rn•nt ofRacMim•nded 1 *pri12L))S￿t1 ha•8lnce bgen Wi￿r￿. H&rborn88nd SrY*tlwth ChorOt•td•TrLolme41sts dOffr￿1￿ ofa putAlcbfrnofrt wlltyurKI FRS 102. Assets 8nd lk9trf1￿fjs ar• Inrflaty r•cuJni8&J at tristothxl cc*t c* trans•*￿ val Hwb)rn ar￿ SmettrNKk Ch8rttabSe TnJBI t*￿￿e the tc48 ttJrp)r8t• Tr￿ of H*tor Parish Land5 Chaity with effect 13 JUM 2019. F(*acwuntirg purpo￿. this h88 bo•n tr••tsd 8$ a and I1￿18￿ find￿la1 at>>Ji the Group ts prea￿ted as if has Always •￿st*d. Al clth8 tK•J rg8¢pM r•1* lo Hartry)me Paribh Lands Charity. and th• ¢&jKts cl t)th ¢hwts• aro tho same. C￿￿lIdat8thOffinarKJalsfate￿ts ofthe and it$8￿81￿￿￿Y uTrJethkvy The rwu ofthp wbsidiwy ￿ cunolklat¥AI on a lin8 ty bagis. The Charlty tsken advwt•30 of 0x￿nr￿￿ dlrM•J w*JeT 8th*ion 4Ce of CtynF4nle8 kl 2￿ it8 vlm offinw￿￿I in fimrrial 3t8tèmen Th• finanrid stst*nwrt *e rrtt8ertsd In ￿tiSti PtyJrKI &•rting b•ng tsfUnc*on￿ curren ofthe Charty r¥Jore8t L Tho Ch￿ty IB a cL¥nparTY Imited ty warrtee. Tr rnwnbers of tt* ctsnpany arn th? TrusteeB named M p8ge 1. Inth&o￿￿0fth0Ch*Ity Y￿nd up, th? li¥bilty in res￿1 olth• is knifted to £1 w n￿L￿r. HARBORNEAND SMETHVIICK CHAIlITA￿ TRUST (A company HI￿ted by guar•nts•) NOTES TO THE FIPIANCIALSTATEMEPIrn FOR THE YEAR ENDED 30 2022 A¢¢•urAlng pollcl•• (cofttlnwdl ¢orn• I Iw)m• b rK£4J*Md cw entlle￿tOthj Incom•. * IB probaL40 that tr* will be ol rwable b8 mea8ur8d rd¢itty. In¥e8trnent Inclxne trom L8 rwi8&J as it f811$ due. Dhfld8nds md Intwost I￿￿me16 rec4th&J as th• right to rece1￿ paym?nt 1$ 08tablishèd. Éxp•ndliuM EwdTtln 18 r•￿9￿￿ there & a kngal or (£*rolftx*v• oblig￿￿ to tr8n8f rnic t*nefft to 8 tNrd party.11 Is prot4bl6 that o knler d ets)Mmlc b8n•ffts ￿11 b? T¢quir•d In 8elUenwrrt ond th8 amourt of tho otdlgutK*n b• mwurthj rdlabty. EXp￿￿rt￿e 18 da88lfied ty ath¥ty. Th r¥J•ts ol exh aLaivity arn fflade ￿ of the tctsl of ct&Ats ard Shared costs, Ind(￿￿9 8UPP)rt C08t8 Invc4v•J in ￿￿ertakIng oBd) advty. Dtr•X¢osts attrib(rt&4eloo 8¥vJe we alxat•J dlrecty tothatacmi. Sh&reil costs *￿ch contr*Art• to more than •*vty wprmyt vthith are not glth'butabje lo 4 le ￿tr¥lty ar• OFports"on￿ L*Meen tIK*e on a bas1• con81thnt wlih th• u8e of ro8ourcM. centr￿ staff costs arè ￿k¢stsd on th& basr4 of tkne •pJrt and d•prnL?￿¢n co•ts w• tIKqe L¥J•ts irKwr•d In 8lWJrt of exKth1ttw• on lh¢ of tho ehadty. GcH•ma￿ o)sts are l￿d in LThngcbon •dminiitr*bn ol thg chwity and cunp1lBr￿ v**h OJ181itutyor*l •18tsrtory wulrem￿ts. Co8t• olgonerfqtThJ I&xKIs •[• h￿rr•j i) mnggiThJ I￿*nI wéts. r8le¥8nt h•kl in Ih fvThJ. Charitsble arml o)8ts we c¥)W i1￿[r￿j in tho Charty'8 ciwationi. u¢thffJ wFpyt ccAts the of the Chgrfty awothnod to chWtsty￿ Gr￿* pffy•blo are thwged kn fvyew *theii thB offwls m•J••xc*pt in Iho8e v**r• Ihe offer is c*rxliiond. 8u¢h fft bdThJ r•)yiwJ ￿ exFendfoJre th• attachirwJ a￿ ftdfillei1. oltBred sutr4'eL* to c¢rtsYIOon8 hwo Th>t been m•1 8t t Al eXF￿r￿1￿10 Is Ir￿U*￿ of kre(xpBable VAT. Page 37 HARBORNE ANIJ SMEfH¥MCK CHARrrABLE TRUST le fix•d 48t•t8 ar• Depre¢1afj￿ IB dlarwl BO tt to *kYat• ts i)J8t oltw¢ble f￿￿•1 l•M V)dr ro￿￿￿91 over their IW. Land Offlr* bulKI1 F￿lu￿ ffltting6 Compuier H￿Sing.. - 20 years . 15% .3yw8 . g) yeor• -8-15ye Kttc*en8 . 30 year8 . 40 years 2.6 Inv••lm•nts FLXWJ assot In¥estmwts we a fomiof finwKaal In8irum•nt inilalty rwnMed at thelr trons&aion cotst and 8rt¢efWty mwured at fatr value at thB balgnce $hoel lalo, unle88 the valug canr￿t be mea8ur•Y rdlow In c488 it 18 mo86ur8d at C4J6t18ss irnpaknnenL In¥•8trn•nt gains and losses, ￿1h￿ roHli5od we wmtrArtd prwnt•d 8'GaIn￿(LO8&eII crt ln4wth￿ts' in th8 st*emth* offin￿ClaI Investments in subsKJwi68 we at kn8 forirnpAimenL P•Je HARBORNE AND SAIETTrfiKK CHAIIrrA￿ TRi IA comp•ny Ilmltsd ty guarnnts•) NOTE8 TO THE FINANCIAL STATEMENrs FOR THE YEAR ENDED 30 JUNE 2022 Ac¢oun1kn9 pollcl•• (cortlnuwl) Investrnenl propwtiB• w• Irdxlod * m•k8t Ary in value r*ogrI8•d in th• Ststom￿t ofFlrwKid fvAp•ili88. 2.8 D•btorn Tmde and cth•r dBL*ors we r•oyis•d atfv 8ddtrn•rt ¥ntyJnL aro valu*1 •tlh8 tmoL¥rt y•p8hJ n•tofony trrAle dO1(￿nts 2.9 Ca•h al b•nk and In h￿d Cath at bank ￿mI in hand incaM*• ra•h sPKrt4wm hwty IKiid Ir￿￿trnonts wlth B short maturty of thr•& rnontro w le￿ from IhB dkn of ￿ul$rtIon ry wirrfJ of thB deFosIt or 81r￿ar 2.10 U•bllltl•# and provl•l•n• L*b'lities are roc£wTrs•J wtw thorn IB an obWi)n # the bo￿n￿ fjt••t dot¢ M a of o post•￿￿ It 18 wob8￿• that atrnnsfer of Konomt t•￿fil*ll b• r•]uir•d kn 48tUwnont. aTha the qmourrt ￿the getuement wtirnthy rdbabty. Lot41￿ •r¢ at th91 Ch#rfty arfclJ)#te8 tt wlll pay kn eolY• th• debt c¢ th• •Thwit it h•$ re(*wJ F*rn￿ forth• goodB Cf le￿ h must Provi*c￿ aromeowr•J atth8 te8t e8Ymthoftfo•rnouth req￿r￿j to8•iU&the ot41g8Yon. w11￿e the effe￿ olthe fjm• ofmcffj¢y18 materwl. ts Fthslon 1$ ba￿d (￿lhe valuo Of1￿ amwnts, dl%>xrrted attrle wtrlax discwnl r*that rell￿tst￿O risks Sp￿fl¢ to the li•tAIty. The ol fv ¢jxo￿t kn Twnl￿d In the St3t￿o￿ ol Flnancw *vitso1 •8 ¥ ¢x4t 2.12 FIn￿¢141 hxtwm•nl• T￿ gr￿P onty has ••••ts firw¢ig1 I￿1)•8 of • th*t q￿llIfy w ballc firwoy81 in6trvmwts. B881c financial inBtrwnerts we inrfi81ty rKogniwJ attranS￿l•on v8lu& and sutrwuentty rn888wed atthow 8*Ogment va￿￿¥17th the •xeoW'on olbank loan8 wh1(* 2.13 P•rnlon• The wp 0￿rat¢S a defi[￿￿ o)r*ibAion 4chm• and th8 p8nBbn charyo reWe8￿ts thè aM￿nts p8y8t4a ty th8 bY￿p to the fuThJ in of yegr. HARBORNE AND SMETH¥MCK CHARrrABLE TRU8T IA Company Ilmltsd by ou•rnnt••) NOTES TO THE FWINCIAL STATEMEIITS FOR THE YEAR ENDED 30 JLINE 2ty Accfjuntlng pok*• {eortlnu•d) 214 FWKI o¢¢ounti fuM18 are w)restr￿ ftyid8 are •valai48 ftf at Iho dIfU￿On of the TnJst•es In lurthwanc* of the of the CNvty and ¥thich h￿1 not b•&n EndryKd fiJnd$ are tlThe ftMK18 arn 8vaflaLle fr)r uae in 8CLxwdm wlth the ￿She6 olthe hJThler or r￿￿r bth. En1*Y•n￿ fijnds ffjpro8•rt gits th• i1￿me m*y Irwxmfr ganw*ed ass•l8 to unre8trfctsd irthme. Gain8 and108B88 (• thc4• •S8•ts are #trtsrted to tha eTrJ(Y•Mw￿ fvThJ. inc￿0 fi￿j8 we u8e(I to build, oxt¢nd or trA#ts*'ngs endrhveA propertie8 or on laTrJ. tIKryn ￿ enhanc¢merrt to tho 8ssot wll b8 Ind￿ ￿h1n the ofvr fador•. Indwl*ry ffAp•&•twM of •￿rNI Ilmt af• to b• r￿￿nable urvJ•r th• The Group has m9do the e8tlmats8 8•8un¥AbtyN IM hm) a &¥nNkart impxl on tho amunts rec(>Jnlse(I In th• St*erT￿.. U8•frJl INes ol bJihJNy and C*xW•￿- tlts18 •65OswI b•8•d on ar￿ best p￿￿ce In the eector. Ttr* wful I￿8 aT• regulwty rwknwj. Valu9tlon of in¥eobm¢rt propwti88- far a wblnaljw of wore￿￿&1 Critscalafftas ofjthygwnent Pwffla￿n1 ILrth - duo 10 thè 40 of th• s&*idiwy ar#J In modem day regulaoon. thetruslees are awwB th* li18 dlfflcuf(tO aBC*rtam wih txt&nty the •t4c4utO V81LW and (Ximp￿￿ts ofthe pwmamrt •ndMnent fund8. They have •ppliedjWentto th8 split of•886ts 811tratk>n appytirt cl eH9td8 CA>sts fund# b4*1 on histh eVthr￿ and Valuation ol investsn*tt kYop•rV•s - th8 Tn*leos c￿￿￿der Ihp aBue86mw* of lh• valu8llon of Inveotment prcijeruety to be a key *th1hefthlMp￿1Ing UFon IhiFasSe6￿ent b•ity ¢Athin•d abovo. HARBORNE AK) sMETH￿K cHA￿rrA￿ TRi IA comparry Ilmlt•(I by guarmteel NOTES TO THE FIIIANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE W22 kncom• from chwh•bl• *¢tl¥ltl•• Totsl fund• F￿d$ RBrrt Charg￿ Sorvice thrgeB reo*rffjt4e utiiroes rotharges 535,618 285.370 10) 535.618 285.370 T(rt•12022 Vnr••trl¢t•d F￿d8 Totsl fund• 20 Rent rer*N8b S28, 255,917 11 255.917 11 utlllkn8 rK*arge8 Tthl 30 2tY22 thwe were * wlls 8ccc4nrr￿ (2021.. 99). v•4kn•nt InEgm• Total lund¥ 2022 F￿d$ 2022 R￿thI in￿rne froffl invoskn•nt Dthdend8 Interest r¢c*Nat4e 529,058 529,058 T¢*al 2022 Tol•l F￿dI 20 Rentsl IncA)me from In¥e8tment wcpwYv8 D￿MIents and intereBI r￿￿tle 45&232 Total 2021 P&Je 41 HARBORNE AND SmErH￿CK cHAArrA￿ TRUS IA company Ibnltod ty gu8rnnts•l NOTES TO THE FINANCIAL STATEiwir8 FOR THE YEAR ENDED 30 JUNE 2022 Total fund• 2022 fund• fvnd• 2022 Repairs I￿Ur8n¢ 1S1.338 1W018 7N90 15.010 14.559 25.451 13.159 48rf6 oynrri88ion strnonl marymrArt IBO Voids 787 19,174 Totsl 2022 2021 2021 l(M3 229 7141 750 17,912 PQ392 T,416 21068 24,425 12.293 101,435 T,845 21782 24181 30,205 Insurar 4ent'8 cornm1s￿ Investrmwrt mon8gem•nt f•• SUMM￿ by fund typ• fvnd• fund• lund• 22 sirvJ thitie8 É>ants fc¢ relief m need 124.317 1.019.07S T¢Jtal 2022 HoLoing a¢￿¥￿'e8 Granls lor rellel in need T89.312 124242 917.554 Tot812021 ￿t￿n IK¥JslrvJ &ar#ibes 16 o)118 rf£57.4312021: £47,617). See Mte 9 for P•Jg 42 HARBORNE AND SMEThWICK CHARITABLE TRL IA compary Ilmltsd by gu•ran*•l NOTES TO THE FINANCIAL 3TATEMEPIrn FOR THE YEAR ENOED 30 JUNE 2fj22 Anaty•l• elgr4nts Totsl Fund• 2022 In•tituUonB Indmdui 2022 Gr8rts rellef kn need Gmts ts Grwlts to Irdlvlduds 2021 Grents ts r•11￿ ￿ nood txthg theyèar. 7212021.. 72>tsiarts IN*vlthAls thrr•J lothe agon(ae8 In BinIngh￿ and Santh￿IL An•ty•l• irf •xp•ndlttff• by *¢dvlll Athlll•• Gmnt und•rt•k•n fundh)g of 8iwort dWKtly a¢tr•ltl T¢)tal fund• 2022 2022 Hcxning actpAle8 Grants n•ed 911412 67M83 1N11,87J Total 2022 fund8 2021 2021 Hcu8ing athits•8 Gr8ni8 for rel￿f in rnod 8￿,93T 47,617 917,554 Tolal %)21 HARBORNE AND SIAEfTrhMcK CHARrrABLE TRLBT (A company Ilmlt•d ty guar￿rt••) NOTES TO THE FINANCIAL 8TATEMENrs FOR THE YEAR &4DED 30 JUNE 2022 An•ty•l• of •xp•nthirn by a¢lMO• l¢onIknu￿I Arnlyth of dSr•¢t Hou￿n9 a¢tfvltl•• 2022 Totsl fund• 2022 staff cc•ts Owating c Interost paya 2.287 653.310 301267 653,310 Totsl ￿22 funds 2021 20 291.820 571,210 291,820 511,210 Intenst payAbl• Toht2021 AMty•l• olwpport eo•t• Grnnts for r•ll•f In To¢al fund• 2022 2022 8ff coBIs 44930 4610 3,810 Gly￿mIn￿ o)8ts T¢*al 2022 2021 2021 2021 4Z527 4Z527 Governan￿ Total 2021 HARBORNE AND SMEfH¥MCK CHARrrABLE TRi IA ¢wnpany ¥mlt•d by gu•rants•) NOTES TO THE FINANCIAL STATEMEKrs FOR THE YEAR ENDED JO JLNE 2022 fvnd• 2022 nd• 2022 Audltr¢8 19,199 10.288 19.199 10.286 1665 20.8TI 1392 W•ae8 881#ri•s onal Insur 20.877 Total X122 funds 2021 2021 t180 9,3a8 1,311 19, 187 2.083 Otsr co8t• Pr•ml8M and olTh¢x ruMilI w>•nMI $81one8 Nayonal Ir*ura P￿slon c￿t 1,311 19. 187 Tot•1 JltoY8 r•rnun•ratbn cwthMQ75012Q1: Q710) of rKX)4wIW fee•. 11. 2022 2021 ' We8 and 881gM• Sod81 c￿lts Olher ￿n￿on c(xts 314989 6,845 24.0 The ￿r￿ge rwjmbw rf ty the ¢>wp dLthrg ts yearwas 08 ft￿&￿... 2022 No. 2021 EmptyedVttK4￿ on Pthrning Empbywj on fv3￿n9 8cbviti'es, grant rrthlw •ThJ go￿￿￿￿) number of ￿￿0ye8B an￿¢40e b•rfts (ex￿￿ •mpw p8n8ion ¢Jxtsl •XL￿d￿j 2021 In the bgnd £80.1K11 to £7Q( gregate remunorqbon and b•nofits Key m￿98M¥￿ Per8onnd IlndtAding employer FenSW￿ cortribubons. nlltiond insw8nce WKJ ben•frtsl 8rnWrt•J to £184,86712021: £174.4991. Kty Managernent P¥8onrW ¢)ynpri￿ Trustgos, Ch￿f EX￿ulNe. Housro Managw. Sanior B￿klIng manager￿ lnknn￿￿ FWK¥ Officer. Tnts*e8 rec4fvo rK+ remU￿r#tknn ry t¢nefft& HARBORNE AND SMETHWICK cHAftrrA￿ TRi IA company 11ml1￿ by g￿rAn￿o} NOTES TO THE FINANCIAL 8TATEIEPI FOR THE YEAR ENDED 30 JUNE 2022 12. Tanglbl•llx•d Gro FTh•ho￿ and H(￿Ing flttlty• prnp•rtl•• Colt orv•lutlon Al 1 Juty 2021 Aojrtic 104,475 1980,948 6.742,916 At JO Jun• 2022 14 At 1 Juty 2￿21 Cl4ry fortr6 year 41.188 98,181 1154,&57 2.292.2C At JO ￿n• 2022 71 N•t b¢xAtv•lu• At 30 Jun• 2022 At30JwM 2021 Chartty The Chorty rnt hL*I ary fixi￿ a•Mts. 13. Inv••trn•nt pTr)p•rty Frn•hold prop•rty V•lu•tlon 1 J￿Y 2021 AI 30 Jun• 2022 TM GrrAp'8 IM8tsM)t W0￿rI*S v**J a8 at 3) 2019. vdug¥M8 made Martin IMRICSI of Bfutjn Knv•Aes. ￿ anop￿ ¥￿U•. Thj TnAt8e8 ￿l61d81th1¥ fo rwngkn aFWkYlate Bs at ￿ ju￿ 2Q2. The m•frorfty 0fth•￿ pwrOg9 *ve beq￿8th￿d to lh• dwrty Mary yearn 490 and the hi8kncA cost ofth•BO pYopeMie8 18 krThm. Charfty HARBORNE AND SmErK￿CK CHARtrA&ETrUST (A ¢omp•ny Ilmltod by guar•nts•) NOTES TO THE FINANCIAL STATEIIIEpir8 FOR THE YEAR ENDED 30 2022 14. Flx•d a•••l Inv••lThnts C••h held by m•nag Tot•1 13ft￿P Ca•t orv•lu•tlon At 1 ju￿ 2021 5.591. 424.847 1351.$ 440.559) 148,052 5,738.018 1424,847) 351,8eiJ D18pxals Revalu8Jon8 {440,559) 724 At 30 ￿n• X122 Charfty 8ub•ldknry und•rt•klng• Tho Hwbrjne P•ri•h LgThJ$ Clwity {dwlty rwJnb•r 219J311, wglerad 18 Ihe sub6idi*y Und¥t8￿n9 ol Iho ¢>ynpwty, t• th• •d• Trusto&. 1¢$ prirLipg1 aGtNty w8• tho rellef of n•&J In the of Hart￿￿0 Ilwough proviwon of almth￿￿$ 8TrJ Yov¢*on of gr8nty lo iTrJthls fjnd Organ￿￿tIL￿ th81814lPOrt in need. 4 tho Conwary vm thrm•rt tlwow IIKI yew. th• re8￿ w￿•￿t￿Y In th• St•temfrt of Flrwncl•l Athw'tiw argltv)09 •A)*lary of P*ish Larrt11 c￿lty. 15 D•bt Charfty 202Z 2021 Tr* dei*ors Rent8 hekl by m￿*￿2 •Jert Olher debtrrt8 14816 7.618 170.346 210 P89e47 HARBORNE AND SMETHMCK CHARrrA8LE TrUST (A eompany Ilmlt•d by guarants•l NOTES TO THE FIMANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 16 Crndknrn: Amount• lalllry duè fAlthln y••r Ch•rfty 2022 2021 Oth•r bons Trad8 ¢7editC*g Other taxabon 8nd soKIAI 8eurty Oth•r u8ditors 40,943 41. &194 8,054 5,687 119.751 7T,173 Gr¥vkn IndWj￿ ar¥xal8 •rnJ dlffftd rwrtal kn athArK• of £62,211 IW21.. £74.8W. 17 CMdttor•,' Am¢xxbts f•llhw du• •ft•r morn I￿n on• y•ar Gro Charfty 2021 Tho ab)¥e lo￿ inch￿￿￿1 in exeditor8 one ￿r is so￿r￿j ty a tharp tyar Horb H¢x*•. cffj• ofth• Gmup'$ hMlng proFth. The k)An repayablo i) in8t*•nts ov•r o It￿ of 80 yoar8 endlng ￿ 31 July 2044. intorest ac£rty)8 at of 10.25%. I￿n r￿1•￿1* 8.2%12021'. £6.1%1 oltr* v¥lu• ￿lbe swgrty. 18. Hmncknl In•lrum•nl• 2021 Fina￿181 a8•0ts Ot fak thwJh IrK¥JM expthmliurn ciKnrKloe lijtwj Investrnerrto. HARBORNE AK) SIAETHVKK CHARITABLE TRUST (A company Ilmlt•d by 9uarnnt••l NOTE8 TO THE FINANaAL STAIEMEIITS FOR THE YEAR ENDED 30 JUNE 2022 19. Stat•mont of Fun 81atThnt ollund•- ￿￿￿ty•￿T Grnup 8•l•nc• at 30￿n• 2022 1Juty G•ln Unr••trfcl•d lund• End(Y*m•nt fund• Totsl ollundl G•}ft￿ * Juft• X121 Th& Ch* doe8 not hold &iy In r HARBOFINE AND SMErH￿cK CHARITA&E TRUST {A cOm￿nY Ilmltod by gul￿rt••) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 20 AJNE 2022 20. ANty•ls of n•t••••l¥ Ixlw••n fwKI• AnAty•l• of n•tA•••l• bOl￿n IwKlb-¢un•ntyw Group Total fund• 2022 fund• fund¥ 2022 Tangibl• fixwj a$88ts Foxed as8ot ii¥e8tsn In￿thent pfoF4rty 975 3.124546 521,1)J6 2.314335 12ffj.3081 4334756 1145.189 1691498 4JU731 5.270.735 10.211se4 2,314335 {269.888) 185.564) Cr&Jrtor6 *ittik) cth y C￿aitorS due 8ftw than yo {a80 188.554) Totsl 2022 fvnd8 2021 2021 4294 1402.645 521.084 ZL%9,327 (2￿.500) 4,442,41 2,334373 9.69Z 4,450,710 &T34018 10,211584 2,099,327 (251. 110) (66.310) FIxed8￿1111¥￿￿￿ts In￿SImon1prCVfy (560) (0310) Tots12021 Charfty TM Charfty hdd in ffJht 21. R•condll•tlon ol nrt mty••￿ In IwMl• to fi•tc••h Ilry•fm op•raUng •ctMU•• 2021 l•xpen(IlureltrtryM pwicd pw Stat￿* of ngncial Arti￿￿•5) AdJu•kn•nts for. Depreaabw ch8rge8 Gainsllloss9$1 on investrfwts c￿"￿endS, interèst and rents frc#n In¥•thwts CweasWlin¢r&a881 in dpb Iruoas￿Id*j0a$•) in ¢TrJitors 140331 144,881 559 (546,461) {067.3181 (580,023) 95.696 (100,777) HARBORNE AND SMEfpiwicK CHARrrABLE TRLtsT IA company Ilmlt•d ty guarathl NOTE8 TO THE FINANCIAL 8TA7EMEiir8 FOR THE YEAR ENDED 30 J1Th4E 2ty22 Anaty•h of ca•h VKI •tyfv•lw Group Cash In hwMI 2021 1190.980 I.8￿,256 Total ￿lfv •nd Guh •qthl•nl• Ch•rRy The Charfty dcu not crf c•8h w1￿8ft￿. An*•l• ol ch*ng•• In n•t d•bl All At Juty 2021 C••h IlmT JO Jun• 2022 CA8h at ￿nk In tr4r#Y Oebt Iwthin one y Debt 8ftef ￿ ye 1.880.256 I￿) 310,704 2.190,960 15801 24. P•n•lon The Group opwate8 a d8finwJ uJrtritxAions K41em• a68•ts of the 8th•me are Iho8e Of￿ group in •*nlni8tw•J fvnd. Thè Pon￿on cq)8t¢hgrg0 r•prt6ents p8y0￿￿ ty thegrouptothefund •m￿nted10£2￿.19￿I2o21.. £26,534). Contn"bukn8 t¢*allSng £3.40312021". £32on we to the fvnd al the balan￿ sho8t dat 4nd are irv*Jded withln R•lat•d p•rty ir•n••¢l Nom of the Tru•leM pws(Th ¢x¥w)•G*J With ts￿n ￿M(￿a￿on durfng th yw (2021.. £MII. tclal amwnt of expenBes Trwteo• or In r•lalon to TN$ta￿. •xperM5 was £NI the Y￿rI2￿21 £NII. 26. Wltsl commiim•nt• 4UiS￿'0n oltaryltAe tsed 161 Page $1