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|Reference and administrative||details ofthe Charitable|Company,|its Trustees and||
|advisers||||||
|Trustees'
report|||||2-7|
|Trustees'
responsibilities
statement||||||
|Independent
auditor's|report|on the financial statements|||10-13|
|Statement offinancial|activities||||14|
|Balance sheet|||||15-16|
|Statement ofcash flows|||||17|
|Notes to the financial|statements||||18-26|
|Trustees||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||Daniel Clifford|(appointed||26|November|2019,|resigned 22 April 2020)|||
||||Ashley John Powell, Managing||||Director|(appointed||21 June 2019)||
||||Juan Roberto Hernandez,|||Director ofTemporal|||Affairs (appointed||22 April 2020)|
||||Michael
Kurt Dehner,||Director||(appointed|21 June||2019)||
|Company|registered|||||||||||
|number|||12063279|||||||||
|Charity registered||||||||||||
|number|||1185976|||||||||
|Principal|office and||187Penns Lane|||||||||
|registered|office||Sutton Coldfield|||||||||
||||West Midlands|||||||||
||||B76 1JU|||||||||
|Independent||auditor|Grant Thornton|UK LLP||||||||
||||Chartered
Accountants|||||||||
||||Colmore Plaza|||||||||
||||20 Colmore Circus|||||||||
||||Birmingham|||||||||
||||West Midlands|||||||||
||||B46AT|||||||||
|Bankers|||HSBC|||||||||
||||34 Poplar Road|||||||||
||||Solihull|||||||||
||||West Midlands|||||||||
||||B91 3AF|||||||||
||||Citibank|||||||||
||||CitiGroup
Centre|||||||||
||||33Canada Square|||||||||
||||London|||||||||
||||E145LB|||||||||
|Solicitors|||Daniel Clifford Law LLP|||||||||
||||76 Caledonian|Road||||||||
||||London|||||||||
||||N1 9DN|||||||||
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|||||||Unrestricted|Total||
|---|---|---|---|---|---|---|---|---|
|||||||funds|funds|Total|
|||||||13months|13months|funds|
|||||||ended|ended|Period ended|
|||||||31 December|31 December|30November|
|||||||2020|2020|2019|
||||||Note||K||
|Income from:|||||||||
|Donations
and|legacies||||3|105,086,485|105,086,485||
|Investments|||||4|5,113,819|5,113,819||
|Total income||||||110,200,304|110,200,304||
|Expenditure
on:|||||||||
|Investment
management||||costs|5|1,360,797|1,360,797||
|Charitable
activities|||||6|18,333|18,333||
|Total expenditure||||||1,379,130|1,379,130||
|Net movement
gains/(losses)|in funds|||before other recognised||108,821,174|108,821,174||
|Other recognised||gains/(losses):|||||||
|Losses on revaluation|||of|fixed assets||(1,368,941)|(1,368,941)||
|Net movement|in|funds||||107,452,233|107,452,233||
|Reconciliation|of|funds:|||||||
|Net movement|in funds|||||107,452,233|107,452,233||
|Total funds carried|||forward|||107,452,233|107,452,233||
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|||||||31||30|
|---|---|---|---|---|---|---|---|---|
|||||||December||November|
|||||||2020||2019|
|||||Note|||||
|Fixed assets|||||||||
|Investment
property||||||102,500,000|||
|||||||102,500,000|||
|Current assets|||||||||
|Debtors|||||605,865||100||
|Cash at bank and|in|hand|||6,016,083||||
||||||6,621,948||'/00||
|Creditors: amounts||falling due within one|||||||
|year||||10|(1,669,615)||||
|Net current assets||||||4,952,333||'/00|
|Total assets less|current liabilities|||||107,452,333||100|
|Net assets excluding|||pension asset|||107,452,333||'/00|
|Total net assets||||||107,452,333||100|
|Charity funds|||||||||
|Restricted funds|||||||||
|Unrestricted
funds|||||||||
|General funds|||||107,452,233||||
|Share capital|||||100||'/00||
|Total unrestricted|funds|||||107,452,333||100|
|Total funds||||||107,452,333||'/00|
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|||||||Period|
|---|---|---|---|---|---|---|
||||||13months|ended|
||||||ended|30|
||||||31 December|November|
||||||2020|2019|
|Cash flows from operating||activities|||||
|Cash flows from operating
activities|||||109,885,024||
|Cash flows from investing||activities|||||
|Donation|of investment
property||||(103,769,108)||
|Purchase|oftangible
fixed assets||||(99,833)||
|Net cash|(used in)/provided|by investing||activities|(103,868,941)||
|Cash flows from financing||activities|||||
|Net cash|provided
by financing
activities||||||
|Change|in cash and cash|equivalents|in|the period|6,016,083||
|Cash and|cash equivalents|at the beginning||ofthe period|||
|Cash and cash equivalents||at the end|of|the period|6,016,083||
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||||||Unrestricted||Total|
|---|---|---|---|---|---|---|---|
||||||funds|Total|funds|
||||||13months|funds|Period|
||||||ended|13months|ended|
||||||31|ended|30|
||||||December|31 December|November|
||||||2020|2020|2019|
|Donations||||||||
|Donation|of investment||property||103,769,108|103,769,108||
|Donation|of pre-transfer||property|income|1,317,377|1,317,377||
|Total donations||received|||105,086,485|105,086,485||
||||||105,086,485|105,086,485||
|4.|Investment|income||||
|---|---|---|---|---|---|
||||Unrestricted|Total|Total|
||||funds|funds|funds|
||||13months|13months|Period|
||||ended|ended|ended|
||||31|31|30|
||||December|December|November|
||||2020|2020|2019|
||||E|||
||Rental income||4,063,260|4,063,260||
||Service charge income||1,050,559|1,050,559||
||||5,113,819|5,113,819||
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||||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|
||||||13months|13months|Period|
||||||ended|ended|ended|
||||||31|31|30|
||||||December|December|November|
||||||2020|2020|2019|
|Utilities|||||250,384|250,384||
|Management||fees|||60,000|60,000||
|General|building||supplies||(1,034)|(1,034)||
|Legal and professional||||fees|20,750|20,750||
|Property|maintenance||||601,627|601,627||
|Security|||||296,962|296,962||
|Property|rates||||6,394|6,394||
|Insurances|||||42,721|42,721||
|Cleaning|||||82,993|82,993||
|Total 2020|||||1,360,797|1,360,797||
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||Unrestricted|Total|Total|
|---|---|---|---|
||funds|funds|funds|
||13months|13months|Period|
||ended|ended|ended|
||31|31|30|
||December|December|November|
||2020|2020|2019|
|Accountancy|6,202|6,202||
|Bank charges|131|131||
|Audit fees|12,000|12,000||
||18,333|18,333||
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|||||||||13months|Period|
|---|---|---|---|---|---|---|---|---|---|
|||||||||ended|ended|
|||||||||31|30|
|||||||||December|November|
|||||||||2020|2019|
|||||||||F||
|Fees payable to the Charitable|||Company's|||auditor and its associates|for|||
|the audit ofthe Charitable||Company's|||annual accounts|||12,000||
|Fees payable to the Charitable|||Company's|||auditor and its associates|in|||
|respect of:||||||||||
|All non-audit|services not|included||above||||3,000||
##
||||Freehold|
|---|---|---|---|
||||investment|
||||property|
||||F|
|Valuation||||
|Donated|property|received|103,769,108|
|Deficit on|revaluation||(1,368,941)|
|Additions|||99,833|
|At 31 December||2020|102,500,000|
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|||31|30|
|---|---|---|---|
|||December|November|
|||2020|2019|
|Trade debtors||584,917||
|Other debtors||100|100|
|Prepayments|and accrued income|20,848||
|||605,865|100|
##
||||31|30|
|---|---|---|---|---|
||||December|November|
||||2020|2019|
|Other taxation|and social security||179,470||
|Other creditors|||305,550||
|Accruals and deferred||income|1,184,595||
||||1,669,615||
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|||||31|30|
|---|---|---|---|---|---|
|||||December|November|
|||||2020|2019|
|||||F||
|100|Ordinary|shares|atF1.00 each|100|100|
|100|Ordinary|shares|were issued at par on incorporation.|||
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|12.|Reconciliation
of net|Reconciliation
of net|Reconciliation
of net|movement|in funds to net cash flow from|operating|activities||
|---|---|---|---|---|---|---|---|---|
||||||||13months|Period|
||||||||ended|ended|
||||||||31|30|
||||||||December|November|
||||||||2020|2019|
||||||||F||
||Net income for the period (as per||||Statement of Financial Activities)|108,821,174|||
||Adjustments
for:||||||||
||Increase|in debtors|||||(605,765)||
||Increase|in creditors|||||1,669,615||
||Net cash|provided|by operating||activities|109,885,024|||
|13.|Analysis|ofcash and||cash equivalents|||||
||||||||31|30|
||||||||December|November|
||||||||2020|2019|
||||||||E||
||Increase|in cash at|bank and at hand||||6,016,083||
||Total cash and cash|||equivalents|||6,016,083||
|14.|Analysis|ofchanges||in net debt|||||
|||||At 31|
|---|---|---|---|---|
|||||December|
||||Cash flows|2020|
||||F||
|Cash|at bank and|in hand|6,016,083|6,016,083|
|Cash|equivalents||||
||||6,016,083|6,016,083|
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