| Page | |||
|---|---|---|---|
| Reference and administrative | details ofthe CIO, its Trustees and advisers | ||
| Chair's statement | 2-3 | ||
| Trustees' report |
4-7 | ||
| Independent examiner's |
report | 8-9 | |
| Statement offinancial activities | 10 | ||
| Balance sheet | |||
| Statement ofcash flows | 12 | ||
| Notes to the financial statements | 13-23 |
| Trustees | Mr D Rowse, Chair (appointed | Mr D Rowse, Chair (appointed | Mr D Rowse, Chair (appointed | 12June 2020) |
|---|---|---|---|---|
| Mr J Eyre (appointed | 12 | June 2020) | ||
| Mr C Clark (appointed | 12June | 2020, resigned 9August 2022) | ||
| Mrs C Downes (appointed | 12June 2020) | |||
| Mrs G Carter (appointed | 1 May 2022) | |||
| Charity registered | ||||
| number | 1189928 | |||
| Principal office | Community House |
|||
| Coleshill Road |
||||
| Atherstone | ||||
| CV9 1BN | ||||
| Accountants | Dains Audit Limited | |||
| 15Colmore Row | ||||
| Birmingham | ||||
| B32BH | ||||
| Bankers | HSBC pic | |||
| 34 Poplar Road | ||||
| Solihull | ||||
| West Midlands | ||||
| B913AF |
| Unrestricted | Restricted | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2021 | 2021 | 2021 | ||
| Income from: | Note | E | ||
| Donations and legacies |
185,350 | 27,125 | 212,475 | |
| Charitable activities |
372,880 | 372,880 | ||
| Investments | 2,307 | 2,307 | ||
| Total income | 187,657 | 400,005 | 587,662 | |
| Expenditure on: |
||||
| Charitable activities |
6,303 | 385,160 | 391,463 | |
| Total expenditure | 6,303 | 385,160 | 391,463 | |
| Net income before net gains on investments | 181,354 | 14,845 | 196,199 | |
| Net gains on investments | 3„738 | 3,738 | ||
| Net movement in funds |
185,092 | 14,845 | 199,937 | |
| Reconciliation offunds: |
||||
| Net movement in funds |
185,092 | 14,845 | 199,937 | |
| Total funds carried forward | 14 | 185„092 | 14,845 | 199„937 |
| 2021 | ||||
|---|---|---|---|---|
| Note | ||||
| Fixed assets | ||||
| Investments Current assets |
77,266 | |||
| Debtors Cash at bank and in hand |
12 | 20,082 115,851 |
||
| 135,933 | ||||
| Creditors: amounts | falling due within one year | (13,262) | ||
| Net current assets | 122,671 | |||
| Total net assets | 199,937 | |||
| Charity funds | ||||
| Restricted funds | 14 | 14,845 | ||
| Unrestricted funds |
14 | 185,092 | ||
| Total funds | 199,937 |
| 2021 | |||
|---|---|---|---|
| Note | |||
| Cash flows from operating | activities | ||
| Net cash used in operating |
activities | 17 | 187,081 |
| Cash flows from investing | activities | ||
| Dividends, interests and rents from investments |
2,298 | ||
| Transfer from Trust into fixed asset investments | (73,528) | ||
| Net cash used in investing | activities | (71,230) | |
| Cash flows from financing | activities | ||
| Net cash provided by financing activities |
|||
| Change in cash and cash |
equivalents in the period |
115,851 | |
| Cash and cash equivalents | at the end ofthe period | 18 | 115,851 |
| The notes on pages 13to 23 form part ofthese financial statements |
| Unrestricted | Restricted | Total | |||||||
|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | |||||||
| 2021 | 2021 | 2021 | |||||||
| Donation | from | Values | Education | for | Life | Trust | 183,406 | 6,256 | 189,662 |
| Grants | 1,944 | 20,869 | 22,813 | ||||||
| 185,350 | 27,125 | 212,475 |
| Total | ||||||||
|---|---|---|---|---|---|---|---|---|
| funds | ||||||||
| 2021 | ||||||||
| F | ||||||||
| Staff costs | 240,498 | |||||||
| Educational | costs | 10,833 | ||||||
| Training | and | other staff costs | 5„661 | |||||
| 256„992 | ||||||||
| Analysis | ofsupport costs | |||||||
| Total | ||||||||
| funds | ||||||||
| 2021 | ||||||||
| F | ||||||||
| Repairs | and | maintenance | 12,832 | |||||
| Premises | 37,519 | |||||||
| Transport | 13,543 | |||||||
| Communications | 2,534 | |||||||
| Utilities | 26,805 | |||||||
| Professional | fees | 27,904 | ||||||
| Insurance | 9,318 | |||||||
| Bank charges | 276 | |||||||
| Other expenditure | 3,740 | |||||||
| 134,471 | ||||||||
| 8. | Independent | examiner's | remuneration | |||||
| 2021 | ||||||||
| E | ||||||||
| Fees payable CIO's annual |
to the CIO's accounts |
independent | examiner for the independent | examination | ofthe | 2,500 |
| Listed | |||
|---|---|---|---|
| investments | |||
| Market value | |||
| Transfer in from |
Trust | 73,528 | |
| Revaluations | 3,738 | ||
| At 30 November | 2021 | 77,266 | |
| Net book value | |||
| At 30 November | 2021 | 77,266 | |
| 12. | Debtors | ||
| 2021 | |||
| Trade debtors | 20,0&2 |
| 13. | Creditors: | Amounts | falling | due | within | one | year | |
|---|---|---|---|---|---|---|---|---|
| 2021 | ||||||||
| F | ||||||||
| Accruals | 13,262 |
| Balance at | ||||||
|---|---|---|---|---|---|---|
| 30 | ||||||
| Gains/ | November | |||||
| Income | Expenditure | (Losses) | 2021 | |||
| F | E | |||||
| Unrestricted funds |
||||||
| Designated funds |
||||||
| Proceeds from sale | of property | 183,406 | 183,406 | |||
| General funds | ||||||
| General Funds | 4,251 | (6,303) | 3,738 | 1,686 | ||
| Total Unrestricted | funds | 187,657 | (6,303) | 3,738 | 185,092 | |
| Restricted funds | ||||||
| Keresley College | 372,880 | (364,833) | 8,047 | |||
| BBO in Coventry and Waiwickshire | 20,869 | (15,937) | 4,932 | |||
| Youth Endowment | Fund | 6,256 | (4,390) | 1,866 | ||
| 400,005 | (385,160) | 14,845 | ||||
| Total offunds | 587,662 | (391,463) | 3,738 | 199,937 |
| Balance at | |||||
|---|---|---|---|---|---|
| 30 | |||||
| Gains/ | November | ||||
| Income | Expenditure | (Losses) | 2021 | ||
| E | |||||
| Designated funds General funds Restricted funds |
183,406 4,251 400,005 |
(6,303) (385,160) |
3,738 | 183,406 1,686 14,845 |
|
| 587,662 | (391,463) | 3,738 | 199,937 |
| Analysis | ofnet assets between funds -cur |
rent period | ||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| 2021 | 2021 | 2021 | ||
| E | E | |||
| Fixed asset investments | 77,266 | 77,266 | ||
| Current | assets | 107,826 | 28,107 | 135,933 |
| Creditors | due within one year | (13,262) | (13,262) | |
| Total | 185,092 | 14,845 | 199,937 |
| 17. | Reconciliation of |
net movement | in funds | to net cash flow from operating | activities | |
|---|---|---|---|---|---|---|
| 2021 | ||||||
| Net income for the | period (as per | Statement | of Financial Activities) | 199,937 | ||
| Adjustments for: |
||||||
| Gains/(losses) on investments Dividends, interests and rents from investments Decrease/(increase) in debtors Increase in creditors |
(3,73&) (2,298) (20,082) 13,262 |
|||||
| Net cash provided | by operating | activities | 187,081 |
| 2021 | ||
|---|---|---|
| Cash | in hand | 115,851 |
| Total | cash and cash equivalents | 115,851 |
| Ai 30 | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Transfer in |
November | ||||||||
| Cash | flows | from Trust | 2021 | ||||||
| Cash | at | bank | and | in | hand | 858 | 114,993 | 115,851 |