REGJSTERED CHARrrY NUMBEK. 1194243 RT E TRusfEES AND 1 & 2 Mercia Villa8e Tonw(K)d C]os¢ Covenlry W¢rt Midlands CV4 8HX
gt R¢port of the Trte Rport of tbe fMdepeadet Audl¢o 10 to 12 Statement of AclMtIt 13 BAi•r¢ Sheet 14 ota to the Sts¢¢meJts 15 ty 24 Lktailed Sltsrn•nt of Fl##d*l A¢¢Md•B 25 to 26
RE RT OF THE TRusfEES ED31 ARCH 2 The tsILSte¢s their r4 with th¢ St#ts of the dwity for the year ended 31 MTch 2024. Tlje trusfv have Adopt the ryovisioos of ALxJ)wrting oThJ tting by Chariiies.. Ststetnent of Recomn)ended Prtctice pplicable to chariti& prepAring their in aLYordance with Financi tiepxbn8 Standard wlicable in the UK and Republi¢ of Ireland (FRS 102) (effective l January 2019). owEcrivES AND AcfiviTIES Objectlvu and Alms The objects of the CIO ftythe bmefil of the public in the •r¢a of benefit (a) (i) The provision and mairttnattee of a sitr for the Sdwl (WTthin the meoni of the FAluthin Acts) in or neBr Berkswell. West Midlands: and {ii) Th¢ advancemtht oftAucatiiM) of pupils in th¢ winciples of the Churth of En8land (incl1 s(Kial and physical trainin&) thrw8h the wovi5ion of iiem& s¢rvjc¢s. facilitics and wial tKncfits of any kiThJ not r¢quiTed to b¢ provided by th¢ Loc41 Authority for the benefit oftt SdKM)14nd its wil (b) The relief of poverty amon8 the inhabitsnts of the att of bfftfjL i18 by th¢ proisiLM of Social Housin8 in (c)To further the rel181(x and other chArithble puw of th¢ (Jnyth of En81a1 in the pfirish by maintsinin8 r¢pirin8 th¢ fthi¢ LMents of th¢ Parigh of Bthswdl. (d)Such irther dwitable purpm for the of th¢ itth•bitsnts of th¢ rn ofbe4Jefitu the tntyte¢s think fit.
BERKSWELL CHARMLS PORT OF THE TRU FOR THE YEAR EI¥DED 31 MARCH 2024 Siylficnt aetivit The Trle¢S of Btykswell cltieS in Itne with 9( SOVaD * a]1 tim&q in the interts of the Charity. Registered Provider of Soell HOU•% Th¢ dwity re8i5tered with the ReBuIattr Housing as a privu r¢gister•J pmide¥ of social IKJusin8 on 5th ¢knb¢T 2023. The Charities reEiered numE¢r with the Re8ulat(ff of Housing is $189. It is establis11 under the Fwvisfftons of the TrI1n8 and Res10 Acl (HRA) 21Y)8. Almshouje PTOP¢rtleJ The Charity's Almsho% prro¢rtia trtal fourtétn in nwnber. •ght of whith #r¢ sitwtrd in atr¢b ian4 Berkswell. whil# ihe r¢maining six 4re in Cromwdl B0Th Th¢ Almshouses v¢ be tinCA1Y ocajpi thToughout the accounting pryiod void from 14 Au8USt 2023 ty 8 Dnber 2023, during which the property w&8 renov throughouL Otb•r Prop¢rtle• Rent•1 hcome In 2023 rent reviews unduf4ken in Tospe¢t of privth r¢sidetial and pA}Fles. An inuem¢ntsl Mt review was completul thLrinB the ¢urrent 118 P¢Ti(ML Ckne void has existsj sincz (ktober 2022 and the thision WJS tsk¢n by the Tnt#e4J kn gell the proFffj the OF%n mark¢t with the 0¢¢¢th bein8 Y¢inv¢sted ift thc Almshow Proj¢a Funli Total income from th inve5trnent w4>ertics £78J31. Eipendltuv• The TrustKs will continue to wwad¢ maintain all Nopertits on a cyclicaj As wll be dctcrmincd by the Truytees, sufficient will be inv¢sl& desiwwed fv this pwpctt. The TnLrfees 4r¢ aware th&t the White Pw and Social Housirt8 {Regulaticffis) Bill 2022- 23. iSn with Etttrgy E(fKiw Regul10n5 Bill and the Social Housing Standard places dillon obligats(s whi( shall diredty exrthditsw¢ in the LwrrEnt rm)yntin8 peri(¥l Jnd beyond. The Trustees rem&Tll ¢onycious of wbon.neutral tsT8ets and far As thvs gre abl4 due to the measures shall b¢ undertaken to minimise ani&4Fon& It is prcyos>J any new almshouse prOli¢S built will be carb(. Alm#hoyv Projert F¥nd Th¢ Almshouse Project Fund ¢stablAshed in line with the stri¢ thjeKtivey of the Tru9trn in April 2021. Tht Splfi¢ purp5e gf th¢ fimd is to deyelq) new Almsknuses within the Parith and providc ltial Sc¢1 housing for thos¢ in ne)a within art4 of benefii in line with the aty's Obje¢l& The fund at £630,956 at the Balan¢e Sheet date and payments hav¢ be¢n into this fiuMI dwing thecurrent ac¢ountin8 puic#J of £313.550. All nett5$ St¢ps were tskeD by th¢ TNste¢s povid¢ and atstst oning fOrw&in8 and budgetin8 pYrti is obtsin¢d underclwity Law r4uIreM1% Publle b•D•fft duli¢s to which the guid¢¢ M ffl¢vanL
Future plDs Identified obixtives f(Y the shrt medium. lon8 lerni. Short Terni Durtn8 the ¢oming year. the chrity will wm11n to th¢ dwithble objects will LX)ntinue to asscss and identify ail unrtalised whdh¢r pyoperty c l•nd. The TnMees will strive within th¢ limits of irt(xn¢ to meel prowly pre5utsJ requests forikKuti0 from indivyluals and 0114u0n5 all1 with the Obje of the Chttity. The CharTty will wry mud).ntth rep to the EYFS tildin8 plan tr the summw of 2024 and Oth works identified in th¢ quinquennial rcpoTL The Clwity will ntInue to strive towud ¥hieviD8 the strategy e8tsblTshed in 2021 to lId more MOU5¢S Within the arca of Enefit for the CA)mmunity. Medium T•rm To continue to seek opiKtyniti¢s for new I)rn¢ r¢am8 to eTr5ure the ne4xls of •ll the beneficiaries ar¢ met and to enable funds to be srt aslde io pn)vide new AIrnslK within th¢ P4ri5h of Bewell ftt th¢ b¢n¢fit of those in need within the P•rlsh and surroundin8 ITeL Tem To build additiC81 Almthw properties fw IA ned within the Pyish of BeSWell ryl surrowidin¥ aTf4 to mttt the Charitsbl¢ obie&ts to relieve F¥)Vtrty in th¢ areas of benefiL To se¢k ty develop new revenue slreoms to ontinue to meet the CIArity5 obligations to ex11Th8 and Fbx*rtiaJ futtw¢ benefiia8rie5.
USTEES
AcHvMLNT AND PERFORhWCE
Charitsble aetlvlties
Tbt War Memoriil CoUxknr41iv¢ Atrtwnmt
The Tru8tre5 entered into a collalx)rativ¢ agrett)l with Be11 Pari3h Council. Th¢ Bukswell kiety, and St John
Baptis¢ Church to raise funds to restore the WaT MemoTia] in Bukswell.
Tota] fu15 of£8,655.61 were ld to Bethlt Pwish C(xttteil ID with the ternL4 of the Lyjllaborative
agreemt in th¢ ac¢ountitig to ble th¢ compldion of the restoration. The tem1$ of the collalx)rAtive
tknnjtions mAde frnm 1st April 2023 to 31st 2024.. -
B•rkswtll Church of EllglaTrd Alde41 Stbool
Durin8 the a¢L¥)tin the fol]owin8 fiDwi81 assisthnce was pAid to the xlKKJl.
The Arthur Jlrn Be4U&4t of £5.91 paid to th¢ school be pled into a wial fund in accordaDe£ with the
turns of the bequest to Assist pwils who ¢Ah(Thvi MAY not be able to •tttyMI visits. either ruide4JtiA] or day.
Oth•r DontloN lo B¢rkJwe]I C of E Prfrn•ry Sehool
The Trusttts also gyeed to make the followin8 &)natIC in of r4th and 1nance to the sch(M)I buildin8&
Plymts were made up of..
Replacem1 dinin8 rcom table4 £1771.5Y)
Ye•r 6 tav¢rs Bibles, £464.24
S¢hool Community christrn £500
Drnin4e Re]r$. £1.672.56
inqu¢nni41 Insp10$ RewL £870
Other ebooi-rd•t¢d ¢XpeDdltTe
EYFS Lcgal Costs. £22.062
ProfeSsic1 R¢px¢4 £9.187
Fln&nel•l AsJlstaDet to BethefldAAd li the Artt of Bem
Donations to the neuiy. durin8 th¢ yw. wn(wntoJ to £3,732
Berksw¢ll Society. £322
Bwsw¢ll Litttr Pick, £150
Btrk4well and Bal11 Rugby Foo¢bo11 Club. £2J
HS2 Respi Donations Cromwell £13.r25.79
Non¢ of th¢ r¢cipi¢nts 4r¢ relat1 wties.
vcstment ptrformACe
The prirn¢ fow$ of th¢ tnvN1Mrt strategy is to Lwitsl lty with ex¢¥llent liquidity arml a oJDpditive yteld.
The inv&qtmthts produced kn ine
BERKSWELL RTOF Other [n¢0e Gov¢rnme•t Grn#ts ID¢ome reeetved from ontsid¢ Ib¢ Uoh4d Klttzdom Th¢ arIty did not 1ve any in¢ome from <)&side the Unit&l Kin8dLMll iti th# fuwicial pertcd. TTdlng S•bsldiArles The Charity does huv¢ w)y trwjing subsidivie& Other Grants AlmJhowJe Projtet Gr#Dts (akcr H%n8 Tn( £6.(NX) The R¢a¢h Fund, £15.344 Sin8tt Fodli0 £3,ilX) FINANCIAL REVIEW Flanci#l pojltion The Charity's fijnds £10.449.185 (ffi 31A March 2024. £6J35.153 held in urestriCl fvnd4 £101287 in rithd fillS £3.811.745 in the ¢tsth)w fimd. Prlnctyl fundlD8 sIMrco• The Charity's prin¢ip41 fvndin8 sc$ ar¢ inv¢stnent dividenth and intere# the pennqnart endowment fiwds and r¢D¢At income from thr irtvcstment prryv¢i¢s almshouse pro1 Inveth•llt polky obJ•rtlv•• The Charity'$ inv&51m¢nt objects are io in so far • is with the avoidan of undue risk, the r¢ vuC of the capits] And ineome of th¢ Ponfolio. aft¢r allowance for inflatiorL Truslees also wish to obtsin diversification of inv¢s¢m¢nts and adminigtrniive lvants8a from ÈnvesTheth thmu8h the COIF Ethical Fd9. Inv¢8tsnettt reviews tsk¢ pla within the Lrity'S re8ulr meetiw whith are rttorded within th¢ Charity minuteg. Thè 'Iru9, dccision to move the fiA)ds to the Ethica] Fwids is ¢viderxx of thrir orwoin8 reviews. An as5e5rnt of other across th¢ markeL 14ogervM 1Y Thv Charity held funds t(aUing £415.489 in unrtstricted fiuKls at the Bala She¢¢ d. The Tte¢& consid¢r th4t these funds arr sufficiart to ensure th¢ on801 viability of ilK (Jwity with1 havtng to sell inv&%tm¢nl assets. The level of rrseryes 15 revi4>¥ annually. These fithd5 are PErioliclly invested in the Chlty Official Investsnthrt ThL81. EthiAI Fund wilts sinc the 2Th1 of Juty 21Y21. A Tvvi¢w of the Inves place r¢8uJarly.
BEPORT OF THE TRUSTELS FOR THE YEAR ENDED 31 MARCH 21n4 FINANCIAL REVIEW SUMMARY AND OuT1)K Dwin8 the Oting the TnL%tw h•ve tsk¢n sw to 1dvae the mediumllon8.ttm objec4ives of the Chtrity whilst ensuritig th¥t the short aThl medi.t¢rn7 thje<tives were and cljaritsble Activities for the public benefit continuaL Wbi15t pur5uin8 the sbrrfm¢dium t¢rn] strategy to tr11d rnLYe 181 IMM1n8 in th¢ forni of almShc for th¢ bcnefit of the lo¢ community it has been paramount in the TnLS¢S' minds ryjne of1 other charitable he]% n8m¢ly the school. and the Church ghould be alT&xa. The FKojert incqrtion b¢rn ¢%tr risk iversc with viability and stre8s.testing fom)im8 an inie8rEI pwt of each ytep. Christopher Powdl remoitted as Chair with Bmdan Connor TKting as Viee Chair. stti¢¢ their appointment on the 1st of January 2021. This decision w&8 Texhed to provide wminuity and c¢rt4inty as th¢ Truses navT8ated the path toward thieving th¢ siiats8i¢ aims ofth¢ Ch¥ity. A total of twelve Tn4' M¢£ting¥ wcr¢ h¢ld durin8 the Kc41uW SpKinl Tn£6 Me&inB tO8eth with the Annuut Bud8et and Str• Medin8. The two SMmitt the Alnthwe Project Tewn And AudiL Hewlth and S4frty. and Risk Sub.Committ ontinue to meeL The Almsho Proj¢¢t T¢om we¢kly and knld litilal rneetin8s with profes8iOTwi wts when required. 'nK sulTrwnmlttr are gov¢mtyJ by the provisiti of th¢ lern of ref+XaKC approv by th¢ full Tntee Body which are review¢d rw]I•Tty to o)rnpli4nce with dele8th1 Th¢ A114 Risk And Hethh and Safety téam m¢¢¢ quwlerly. The annual Trus$ Fourtd¢T5 Dinn¢r took pl4R in Sepber 20ZI. The FouNkn Dinnw is held in remembrance of the founders and donrys ovw th¢ 600 y¢Ars. The Truste45 wwider this to b¢ •n iMt date in tl ¢&iffldar. The successfidly re8iStered with the Re8ulator of Social HtyJsin8 on the 5th of OLober 2023 as o non.profrt PriV8re registered provider. This #rt ¢xtr¢m¢ty importani mileAorte. Not only il a Tlon of thc exgctin8 8t4ndJrd5 of the Charity but li OF¢noJ up'Homes En8land' lt fimdiD8 for the &lmshousc project The Charity is also member of the Almshouse CoL40rtium Limifyj whith is wehicle through whith yants frcn Ilomes En8lllnd will The Almshous¢ Prni h•$ rwuirgj addt¢10r c4)mmi1ml dedi011 from Tn. Durin8 the ¥xounting period. the projtrt hts ProSed sI11f¢1ny. Followng FK)sitiv¢ f¢edbxk frrrfn Solihull MBC planners. the Trustees have begun the eA)nsultation and undert&en gJrveys as they he toward th¢ filin8 of a fidl planning 8pp1Ac1On. n¢eth-4SseSy I1 stre$tin# hthv¢ l)¢¢n cwrie41 out lo enwre th¢ proirft is fjnancially V14bl¢. The Proje£t rmiD$ in the preliminary slagey •tMI a risk.bJsal awoach is b8 tskcn E¢forc • final comrnitsneth to prvL%a is taken by th¢ Trustr to ensure the fin8nciJl vi¥bility Froie&X 4fKI protwt the assets of the Ch8rity. The Trusttts h4v¢ been extr¢mcly corA¢1(S of the netyl to Wmltrtake ail risk $5C55mcnts in resfv of their decision.m4kin& Financial &88¢s we review1 ¢onstandy to ¢nsure that the pern enneI of the Charity will be mA}ri in kwetuity. The TnleeS ve also had Itd to thc othcr dMritsb]e obje¢ts during the eounirn8 puiod. Significant thallenges have been f¢d in r•mr818 defexts in one of the sdjool bJildin85 whue rwf had occurruj. Th¢ Tr$tee¥ 8rtd sch1 Gov¢mors have mOnited the AVlart of the building si¢ 2019. It been a difficul¢ pro¢¢s8. The Trustees have always 8Cted in the chty's Frtgt int¢rts& This bmught h1gher.than.nom1 leBat costs. The project to underrake the mnedia] is Lndemy and it 15 hLysJ will be ts)rnple*J dumg the of 2024. The Thte¢S have alyn worked with the GovanLYS to adthAq IAher repairs that are rquired to the S01 buildings & r¢gult of which a Plann rnalnteTWn sdKthile be4n a8ye&l ftyth¢ yw2024. 2025.
REPORT OF THE TRUSTEES
ED 31 MARCH 2024
FINANCIAL REVIEW
The accounting period the pinnxle of the HS2 works carrigj at crm¥dI kne. JaC¢ to six of the
almshouse proFerties. The TnL hav¢ all(d enu&v to tAldRwn8 the CA)L of the residents to
minimi5e th¢ disrumion that has pl4¢¢.
The 1&8t trwc]ve have be£n Ikti8n8 Imrt rewardi Th¢ Tr4$ Fth¢ made headw in teVing th¢ir
stsMtegi¢ objediyes to ensuTE the Charity continues to ¢volY< firth the Clwitable objects. and h&$ kepi up lo dats
with all Icgislative chang¢5. The Tntsttts ftel the arity ij 74rll-plx¢d ovtt the fortknnl years and has esthblishe
a Jolid fouThJAtion forgrowth.
The Trustees have ai all tiom olA8ined OfessIOMI &Jviee wbcn dean necuw or required to do so by way of
sWutory provisions. All decisiots tskeD have t¢en in the be intrruts orth¢ Cbarity.
STRUCTURE, GOVERNANCE AND MANACEMENT
The Chtrtty, in its awrent forni a Charit•bl¢ (CIOX WAS ¢#ablis1d by a Constituti¢)n
dat>J 27th ofApril 2021.
Th¢ bcdy of Tnjstees must con5iSt of TKrt 1¢95 than 4 nor mctt than 9 w)inted tnLSt¢e5; 1 w( officio ¢rust¢¢; and not
le8s than I nor more than 2 nornin tru¢¢$. The Exryofficio Trustees sh1 be The Rector of St Iithn Baptist Chur¢h.
The ParLhfftai Churth Council (PCC) of Parish of St John Baptist Berkswcll apwintstwo Nominat&J Tru5tces.
E¥h •ppOintmt of a Co
PORT OF THE TRusrE R THE YEAR ENDED MARCH 21)24 RED'ERENCE AND ADMINtSTRATIVE DETAILS RegÉstered Charity n¥mb¢r 1194243 PrlTrdW 8ddr¢ Stroma Broch 52 Meettng H(wtse Lane 15811 ComTh Coventy CV7 7FX Trn9t••$ Rev M Q BrAtton Mrs J FAlw¥rds C PiTrw¢Jl B Connor A Yate8 P Smttb D B¢ll Mrs G J We (re$1d 10.11.2023) N V Childs Mrs S M wtOn (ap)inted 14.4.2023) F Lock (appoint•d 14.11.2023) G Pgrry lapFKJjnt 27.11.2023) A Oldham (apysintrd 14.11.2023) A•dilo Am)styc89 A¢cw Ltd Chartered Ac¢ountints and Ststtrtory 1 & 2 M¢rria Villa8¢ Torwood Clo wes Bu6kn¢ss Park Cov¢ntry West Midlands CV4 8HX Solleltors Rotherham & Co. 8&9TheQuthttt Coventy CVI 2EG I#v¢s¢meD¢ Attvlr• CCLA Investment Ltd senOr Houae 85 Que¢n Vi¢tOriA Street EC4V 3ET STATEMKNT OF TRUSTEES, RLSIY)NSIBILITtES The are respottsibl¢ fv W¢Pari the Rel of the fmancial ststements in with applicable and Unituj Kin8dthn AcL¥j (Unitrd Kin8thm Ar<4 AccowrtjPrI).
RT OF THE TRUEs I MARCH 2024 ATEMEiYf OF TRUSTEFS, RFSPONSIBtUTIES. comthiwed The law 4pplithle th etharitiu in England and Wth& thc Chari¢i¢s A(a 2011. Chwity (Accouttts #nd R¢wt5) L¢8allonS 2LK58 and the provisions of the tru deed wuirBS th¢ tnthes to rn finan¢] StstemlS for ea¢h fin¢181 ycar which giv¢ a In and fair vi¢w of th¢ of affairs of th¢ tharity and ofthe in&)ming and application of res¢4 incIhn8 tlr incou and expxlim of the clwity ftt th•t In min8 thos¢ fitwiciai st&temcnts. th¢ tru#¢¢s are wuirol to 8ele£t suitable aecounting p)lici¢s and then awly them LxJThsisl. obrv¢the mdhc4Js 4rtd ryinc4ples in the Cfftwiry SOBP. prepare the finart¢iai statements on the 80in8 Corteern basis unless it Is Itiii)i)rDlt¢ to we5ume th8t th¢ charity will ntinu¢ in busin¢s8. the finan¢ial posiiion ¢)f th¢ thity aTrd io enable the4n to atsur¢ the fjnthciil sttements wmply with the Chartties Act 2011. the Chgrity (A¢c(NJnts and Rem} R¢gukntlLS 2008 and the Provisions of the trn detd. They are Ilso respolb for safe8u8rdiD8 the &ts of the chArity at41 InCe for taking re11¢ • for thc FrtventicAJ and AR)rovtra by order of the i¥wd of trwte ity b¢haifby.' C Po11. Tn B Connor. Tnthe
REPORT OF IHE ll¥DEPENDENf AUDITORS TO THE TRUSTEES OF OpiDIo We have audited the fimncial of Bthw¢ll Chariti{the eknritrf) for th¢ ye4r erthl 31 March 224 which mprise the ststeM¢ of Finanaal Aaiviti4 the BalwC Sheet and to the fifi¢1 SW¢m¢D iludIng a of SI1¢8( ac¢thtIll8 p)licix Th¢ financial rtWtin8 that be<¥J atwli¢d in th¢ir pffeparati is arylithk law and United kngdom ACCOlin Stwjdarth (Unithd Kingdom Generally A¢ceptoJ Accountin8 Practice). In our opinion the financial statements: - give a true and fair view of th¢ gthté of tht dwityS affairs as &t 31 Marth and of its incomin8 rtSLNxfLXS and application of resouT& for ¢F¢ year then ende4. . have becD properly prqwa in aOrdIn with Unit1 Kid0M Generally ALYepttsl PrxtiK ond . have be¢rt prepared in 0rdae with the requtmnents of the Clwiti¢s Ad 2011. Btslj foroplnlo We conducted ojr Ij1t ill xcoTd•n with Intwna¢ion St•ndtrth on Auditing (UK) OSAS IUK)) and applicabl¢ law. (hw S)SibIlitIeS und¢r th)s¢ stsndwth gre fither descnl)Ed in th¢ Auditors. rnsponsibilitits for th¢ 8udi¢ of th¢ fManG1 statemts section of WTL We are itthprythnt of the Llwity in xcordantt with the ethical reqUireMts that are relevant to (4w a111 of the financitil Slatcments in th¢ UK includirs the FRC5 Ethical Stand 8]Ml we h¢ fulfill our other ethi rL8]bilItI4% in rda with thrsc rcquirernts. We believe that the a111 ¢vid¢nce we h8vt obtsitwd is suffi¢ioK and apprnpriatr w proyide 8 lu%is for our opinion. Cotteli81otti r•lAtID¥ ¢0 8oln¥ come•rn tn auditing the finenciaj we have oJnclutsJ that the us¢ of the 8Oill8 concern kni$ of accounting in the prep&ati of th¢ fin•niial statanats is appro4 Bascd th thc work we have pryformaL we n(rt idaLtifit41 Materi wK¢nainties rdaitig lo ¢v¢nts orid1110nS thAI Individuly or collethlvely. mrty si8nificwrt on the Larity'5 ability to Cn¢ as a 8oin8 Con foT p¢rii)d of at le•sL t¥Klve months from whth the fmancial $an¢5 Are iuthoriyed for i&w rpSIbIlitieS and the Yup1b11ltl¢s of th¢ tru¥tcw with respea to 8Otn8 ale doscribed in the TeleYgn¢ sections of this ryjo Other IDforma¢lo 'the trle¢S arc resw)fLwble for the th infomwtion. The othv infornwiion cornwises the inf<Thation included in th¢ Annual R¢porL other the fArAwKiAI sthtcmenL8 and our Repcrt of the ld¢nt AuditOTS thmn. expli¢itly stated in our reixir( w¢ do nLN ¢xwess any forni of assur con¢lusion ther. In nnlIon with rATI of the statan ow ruFLMwbility ii to re th¢ othw infornmtith 4Th1, in doing so, consider whether th¢ IAheT inforM1Th1 1$ mthrially incLThirtent with the 5thtcments or our knowled8r obtsined in th¢ audtt or otheNise to be ma¢¢rially misststaL If wc identify suth ma181 irtLX)nsistencies or app•xent Mala] misstatem¢nt& we 4re required to dewmine wheth# this 8iv¢s rise to o material mi&st4t¢m¢nt in the financial Stat¢Mts themxlves. If, bAqed ott tht work we hve pafornrf ]Ude that there is • rnaterial rni83¢al¢rnent of this (rth¢r inftYMatio w¢ w¢ r¢quir•l ¢0 rep)rt fxL We have thIng to report in this reR8rd. MtterJ on ar¢ req•lr¢d to report by exeepllo We hav¢ nothing to re in rtspria of the following matters wh¢r¢ the Charities (AK(xmts Reports) Re8ul4tions 2¢J)8 requirr5 to res to if. in ourcsJinion.' the infornwtion givw in the Report of the TnLStett is itwmislart in any n181 restrth with the financial . sufficienf a¢¢ow1n8 re&x)rth have wt b¢¢D krt. or . we have not receiv¢d all the infonnatrm ¢xplanatiorffj we require for0wdiL Page io
REIRT OF THE INDEPENDLYT AuDOR5 TO THE TRUSTEES OF BERKSWET A5 explain more fully An the Statemeth of Trystr¢s' Resp)nsiTr ilttie4 thcInLSte are Te5p)nsible ftsr the pr¢paration of the financial at¢rn¢nts which give a and fair view. and for sh intrrnd L¥X]tr01 the trustea8 dethmine is frnud or error. In ptwring the finan¢iai s¢otsm the trustees ar¢ rwwx1ble for &%8tssins the choritys ability to cthjtinue 80ing Con dis¢losin& as appIlblA mqtl¢rs related w goin8 CthLXTh and Us1r the going cthi¢¢rn basis of arLountlll8 unl the tnlts either intd to liquidate th¢ dwrity (Y to cease ¢wati0 or hwv¢ no realistic a]ternatiYe but to (k) so. Oyr reypoDiibili¢ies lor the tydll ofthe fim•mti•l rt•t¢muJts We have k¢n apwind as awlitots under SeL#ion 144 of the Clwities AL% 2011 and rqh)rt in aTre¢ with th¢ Art ond relevant regulations or havinB effX ther¢thr. rniteria] missta¢¢m¢ni whth du¢ to frwjd or ctror. MI to issue a Report of the Indett Audi th&t includes ow lypini. Re&8on•ble assurnLY is a high l¢vd of assurnnK but is Mt a 8uarante¢ th&t an audit cOnducd tn rdanc¢ with ISAS (UK) will always a mthrial MiSal¢M¢t when it exists. Mi59talements can ui5e frorn ud or error and are considered mat¢rial if. Indi7dl or in the 48Te88t4 they could reosonthty b¢ eXptea itifluence the ¢¢onotni¢ lStCS of users thk<n on the blS of these financi B&¥ed on our uttd¢rst8ndin8 of the C&)mparty inthLsty. w¢ Id¢rttfiI that th¢ sxillcipAI riyk$ of Th)n.complian¢¢ with laws and ffgulation5 related to thc ind. we ¢(lded the exten¢ to which non Complian mighi have a materia] eff on th¢ financi SweMts. We also considued th)se lws 4ThJ re8ulatiorts that havè 8 di impfirt ( the financi ststements such u the Compjniw Act 2C#)6. We eVutrAI in¢entivc5 and opp)rtunities f frwdulent manipulation of th¢ finwncial Slat1$ (includin8 the risk of oveffide of cthknls) gnd det¢miined that the ptirt¢ip41 risks were related poAin8 Unusu journ entries w inayaqe rtvenue profits or the manipul&¢ion of Mmtin8 estimatu which could be wbject to llWW8¢ment bias. Audii proeedur¢s pufornja by the enB4em¢nt includ. . Enqyiry with man88emenL ¢harBtsI with 8ov¢mw around litigation and ¢l•im$: - EtKtuiry of entity 5faff kn id¢ntify any insthnces ofTh)rt.Lx)mplionce wrth laws a1 re8ulatiLw: . Reviewing fIn1)I stht¢meth di5c105ufES aTKI testing to supportsn8 thumentstirffi to 9¢98 eompli4rtt with appli¢8ble laws and rc8ulation%' - Perfomiirt8 a11¢ work over the riak of rnide of control& ilUdI[¥ l¢¥lin8 ofiourmi entri¢5 •nd other adjustments for approiyiatenw tru1n8 the business ralionde of signifit transtiGtiOn¥ ouL8ide th¢ norn1 eour9e of business and miewin8 ¥counlin8 ¢51imat¢s for bi&%: . Perfonning wdit work ovtr the risk of of tumovtr indwJin8 anatytIC review obtsinin8 of n.COmPlIrC with laws and r¢8ulati(ms thot arE not ¢108¢ly Te18ted kn ev¢nts and transactions reffleeted in the firMnci&l stslunts. Also. the risk of ttot dctedin8 a rrial misstaternt to fraud is higher than the risk ofnot dtt¢¢¢in8 one r¢suJtin8 from error. a5 frwml rn8y involv¢ ¢kliberatr &¥)1 by. for w(amph, ftr8¢ry or In¢tIOns] MisrepftSI1t10 or thro Colll0. A further (kscriOioft of our rtswRbiliti¢s for the a11 of the financial sts¢ements 15 lotslted on the Financiai Reporting Counril'5 website at wi¥w.fvC..IMIIIly$INxsIb1Iits¢ This dtscription fornLS part of our Rcport of the Indepthd¢nt Auditor5. Pagcil
REPORT OF IHE INDEPEN1)ENf AUDfioRS TO THE TRUSTIES OF L'g• of oT rert This report is made sokly to the d]arity &$ a W. in ard with Reports) Re8ul8ti0Th8 2008. audit work h&5 b¢eD ut¥laakth so that m matters we are required to state to them in an reF¥xt by l&w. do not accept or a&8ume Try81b1 any for our a111 wort forthis rewTL or forthe IW onswe have fo of the Chartties (Awounts and e w th¢ th8Tity's trustces th( . To th¢ fikst extent pennitfyj & 2 Meia Villa ToTwood Clos¢ Coventy W¢* Midlands CV4 8HX P¥ge 12
srATEMEwf OF FIIIAI¥CIAL ACTIVITiLS RTHE AR ENDED 31 CH 2024 2024 2023 fun(L8 fimd EIYDOWMKNfs FROM t>)nations and1¢8a¢ies 8,656 CThArllble ActivitB Provision of almslKNJS¢S 15J44 24J44 (kher tradin8 aCtivitiC5 Inv>mu]t i(ne 180,Tr6 119,274 180.796 119,274 187.747 115,783 Totsl 15 419963 44 435 7 325.697 EXPENDITURE ON ltsisin8 40.077 t.077 37,707 Charllblé grtlvltks (ITants Tnade to initlL*l$ Grants made to indiyiduals Provision of almshousts 9J69 4.591 136,542 8.656 18.025 6,497 159.971 20.575 76.420 23.429 131.644 8J57 I40.1 107J51 Tot81 364 26 Net 8tiins offi invetha NET INCOMFJIEXPENDITURE) 213,663 (27.() 353,916 s40,(5 569.103 RECONCILIATION OF FUNDS Total funds tKougbt forward 6.321.49) 129.291 3.457.79) 9,90&5 9J39.477 TOTAL FUNDS CARRIED flRWARD 535.153 10 7 3.811.745 10 449.185 Page 13
CE SHEET 2024 Total 2023 funds FIXED A&srts Tangible wets Investments In¥trnents Investsnent prowty 1.465258 1.465.258 I,4258 1.18&058 3.43 905 3.811.745 4.999,803 3.432.SY15 4.24&520 3 937 654 io 6.08&221 3.811.745 9.897.966 9,676.432 CURRENf ASSE73 45.1 45.1 32.148 C*8h in hand 10 4fy).679 101287 562.9456 243.613 CREDITORS Amounts fallin8 within one yev 12 (11.74T) (11.747) (11,465) NKT CURRE]¥T ASSETS 102287 551219 232,148 TOTAL ASSETS LESS CURRENT LIABILITtLs 6J35.153 102287 3.81 1.745 10,449,185 9.W8,580 NET ASSETS 102287 3811.745 10449 185 9 8.580 13 Unrestrithd fuTrJs Restricted fur EndowmeDi funth 6,535.153 101287 3.811745 6J21.45¥) 129,291 3 457 799 TOTAL FUNIKS 9.90 10449.185 580 Th¢ financial statrn were ow>rovc4J ty Board of Tnwteu And for IJ$u¢ on Ml wut on its beIlf by". C Powell- Trustee Page 14
NOTES TO THE FINAIYCIAL STATEMENTS ED 31 MARCH 2024 ACCY)uKfiNC POLICILS sls of prep•TiDE the fiDnci•l stat¢Jn•Dts Berkswell Chariti&8 is a Ch&ritablc Inc organi1n. In the event of the dwity bein8 wound up, the liability in respeth of the guarantee is limited to £1 pv manber of the charity. The th of the reBisred office is 8iven in the clwity iDform8tion PAge 3 of financid statements. The n8re of the ¢harity'5 opttatioThs al prin¢iFd activities are the provision of almsh w)mmrxlation and finan¢ial assistance for th¢ residents of the p]Sh ofBerkswell and the surrou tr8eth8r with th¢ PTOVtsion and maIntan¢t of a sith for a 5K. The ruw11 St•teM ue ry¢ld in ¢rtin8 which is the awrenq of the Clwity and rounde41 the nearesi £. Th¢ significant cting kKJltcies applicd preparntion of these fm8llei $tatema)ts ar¢ J¢t out below. Thea¢ lICi¢S hav¢ be¢n c4)nsistent]y Bppli¢d au unless otherwise gtattsj. The chlty ¢itsrt¢8 a public ben¢fft tity ts defin1 by FBS 102. The firla1 statements have b¢¢n applic&ble to dwitt¢S F¥eparin8 th¢ir ar<<A¢S in aLx¥Ndw with the Financi41 Rew8 Standwd applicabl¢ in the UK and R¢publi¢ of IrelaDd issued in Iktober 2019. tl Financial Rtprtin8 Sthndard applicable in the United Kingdmi and ReFwbli¢ of Ireland (FRS 102A the Charitits A¥# 2011. Ind UK G¢nerally A¢¢¢pt¢d A¢¢ountin8 P1. IDcom¢ Ail ittomin8 r¢s¢urtu arv included in the Stakn?e of FinAnci•l Athivities (SOFA) when the charity is le8AIIy entitled to the irKome ther 4ny perffffrnan Cond0 h4ve been the anb)wit C4n be measured reliably and it Is proboble the iwome will be rffeiv•J. For donations to be reColIed th¢ charity will have Iwi nlfied of th¢ amOts aThl th¢ settlemeni d in Titing. If there 8r¢ (dItIonS allathed th¢ don1 this requirES a l¢vd of wfonnonce before ¢ntidemeni can oiained then ine•rn¢ is deferrnd until those ¢oThlilions fvlly n1 th¢ fulfilmert of those conditions is wlthin the control of the dwity it is probfyble ttrw will be fulfille41. JnrA>rnC fnjm other trwjins tivilies inclth rwtJl •ThJ othw iTK(¥ne is ro8nil wh¢n th¢ charity is entitled to tIK nIC& Invtsts)rf inwme is earntsj tlmi8h holdin8 Lvts for investhKnt purp)ses sueb w shaKq. It in¢lude5 dividend8 and intexest. When it is not pr¥tiabl¢ to identify investment mana8unent costs within s¢h¢me wlth rwon8ble th¢ invesunatt Tncome is reported net of th¢se Costs. It 1$ irKluded when th¢ •mount can be meastsred reliably. Intrrest is re&wiyEd Sing the effccknve interest mLhryl and diVidd and irtcom¢ 13 r¢coBnistsl &$ the ¢lwity'5 ritht to 1V¢ PAymaJi 15 CStablish. Eypmdllure All expthditslre 18 fc OD an accr b&815 and been ¢ltssifieAI undet he18$ that a8gr¢8ate all costs rclateAI io th¢ cate80ry. Expemditur¢ is wiscd where there is a le8¥1 or cmsinjctive ¢)bligation to mak¢ paymfflts to third pArtie& it is pmb¥ble that the %ttl¢ment will required aThJ the amount of the obligation can bE m¢asurl liablY. 11 is k¢Borised UfKky th¢ followin8 hdIn. . c13 ofrnising futth i1th c4)sts rdatin8 to land iDve#memt pr(vleS whith the ch¥ity derives . Expendtknue on tharitsble adiviti¢5 includ&% ffl•tin8 th the alm$ th&t wovided to Testdents 8rants payable to iAdividu*Js grMI institiJtiC arvj PAge 15
ACCOUNTING POIJCIES. tonthiwd ¥ptlldithr¢ Support W5ts those that •551& the work of th¢ Chlty but do wt directly repr¢t elwitabl¢ activities aNI iticlwle office c(Jsti 8overnfin costs athninistrntive pqyroll costs. They are incu dIrY in sutoort of exp}lIre (XJ the objects of the charity. Wh¢ e4)sts cannot be dI[dY 8ttribut¢d to p&rtr¢ulgr headin85 thvy have been allocaj to of relng fuDd5 and ex113r¢ clwifable adivilie3 on a basis e<Jnsistettt with we of the resourc is acLrued a8 sooTr as the TlpleI is tIfied of the 8ranL a5 this gives ris¢ to a reosonable exP18t10n that th¢ re¢ipieni will receive the Rtants. Where ¢(dIti£v relating th perf0rnW th¢n the 8rant 1$ only a(cnd en Any unfulfilknj condi¢ions are outside of control of the charity TAA8ibl• flsfd •uts Tangible fixcd &wts are stsied at cost (or dtvJ or V8110n Itss thtsumulaled depr¢¢iation thj umulatsd lmpfiirnI loss Cost i1{¥$ c4)sts dirrt%ty attributobl¢ lo m&kin8 th¢ asset capable of opwatin8 as intend t18t10n 1$ providgd on a]1 tsngible fixal ratts calculatal WTit¢ off the less estirnateAI s1thl VAlue. of each &5sd sythnaii¢ bASiS ovtt its ¢xed usefvl life u follows.. . Freehold prop¢rty 2% on cost . FixDJr&4 and fittin8$ 25% on 1DVenInt prop¢rty Investtnent properry 18 Sho at mosl reAznt valu10Th Any •88rry4te (Y deficii wising from in ir value is rewig•J in the Stlan1 of Finn¢i41 AL#iviti8 'llJ¢ Clwity holds tiU¢ to the Churth of ElInd s¢41 Bttkswell. Thig WÉ¥ wrwated by the Ioc41 authority under th¢ Education Ath 1947 and the li audmxity uses it without any Tent Ftinm pid to the Charity. The w&s last va]u¢d in 2019 bul 4lily)uth the C?lty owns tttle to th¢ propttty the Lcul 8UtIK)rity has PUpetu w of the propwty until jh a iiffK the s¢hool mi8ht clrée. The believe thBt there is Irttl¢ likelihood of th¢ sthool ¢losin8 in the fttse¢4bl¢ future Ind assrt is thtrefore extremely unlikely to b¢ C4)abl¢ of rlS&tIon. In tho CirCun the Tn¢$ consider it apwopriate to tKknowled8e this and hav¢ Iluded the sdwl at a nomi Val of £1. T8XIn The clwfftty is ¢x¢mpt fmrn tsx M its Chvitsble Unrestricted fimds are avgllabk for uge It the discretion of the in fiknthwce of the 8erKrnl obiwtiv of thr rharity and which have not be for othu pw1. 7he Aim and u% of cach desi8nakd fu1 Ès * out io the n(ts to the finkn¢ial whictrL h8ve be raisal by th¢ Charity for tIcul KISt5. The cort of raisiDg alld administerin8 su¢h funds
re char8AI against the wific fijnd. Tr aim use of rastrICt fithd is set out in the note5 to the
financial 5talcrnents. Enth)wmrni fimds repr&9eth those whith must be held permanajtly by the Chty. princi1]Y inv¢sknents. IDLXXDe arising ott the ¢nth)w1t fimds can be w¢d in with the objttts of the chvity and is inchthl as un[r in¢om& Any capital gains or losses arising on the investm¢nts forni Furthry eXplanatiOrth¢ nakne glld of e*h is itKIthJ in th¢ DotEs to th¢ f181 aat¢meTrts. Pw16
NOTES TO THE FINANCIAL STATEME - ¢ontAned FOR THE YEAR ENDED 31 MARCH 2024 P¢41io• e(ots Thd other IMMt.relirwent benefits Th¢ chatity OpeN a d¢fin contribution pthsiTh) s¢hem& Contributions payable to the clurity'5 pension 5¢h¢me ar¢ tharged the Stst¢m¢rf of Financial Artiviti in the wiiMI to whith they rclth. Goimt eo#cern uncertainties The trustees have considered the level of fiu¥Js held and the exp1 level of income and expnditUTe for 12 months frn authorisin8 thtsc financial statrmen The budueted in(me and expenditwe is suffi¢i¢nt with the iryel of r¢serns foT th¢ tharity to be abl¢ ¢0 As t 80in8 concern. 2024 2023 Fami land rents C• rents Surtdry rights and waylove 9.577 69254 162 95.209 10.638 80,298 163 89J37 Almshouse CmUnal fuel corttrilmrtions 187747 INvEENT INCOME 2024 2023 Orkn f#d assrf inv - UnFII Deposil Axount intsre Charbty deptsit fid interest 114,436 15 113.663 113783 IDVUtm•t ¢0 2024 2023 TRUSTgLs' REMUNERATIONAND BENEFITS The trnstees did r( receive any remww*ioll (r (tht b•)efits fcr the year 31st Mh 2024. nor for the year ¢Ddol 31st mAh 2011. Page 17
TRUSTEES, REMUNERATION AND BENEFflS. eMtIMwtd No expenses wt¥t paid to the ye4r e4hlthl 3151 Mar¢b 2024. In the ye4T 31# Marth 2023 expqws totslling £109.79 wtr¢ ld to tsILSttts. COMPARATIV FOR IHE srAT£M OF F¥ANCIAL ACTivrr FdOWMrt fid Donations 8nd l¢ga¢ies (656 8.656 187.747 115.783 13311 187,747 115,783 13 Inv¢stm¢nt iNC4ne Other incom¢ Tot1 8.656 325h97 EXPENDrruRE ON Raising fijnds 37.707 37.707 Chorttsbk etlvltl(* Grants made to inltirt1ts Grants mT4Je to individuNIs Provis&on of almshouses 11,704 76.420 (871 20,575 76.420 107 107.351 Totsl 257.588 260.459 Net Sain11¢45} Thi investm 691.313 509,865 NET INCOMFJ(EXPENDITURE) 750.766 (215> (181.448) 569.103 RECONCILIATION OF FUN Totsl fimdg brou8ht fonward 5.570.724 129. 3.639247 9.339.477 TOTAL FUNDS CARIUED FORWARD 6J21.4 129291 3 457.791 9 908.580 Page 18 contirtued...
Ll SOCIAL HOUSING The chariry is re8i#ered 4 wovider of socia] h(XLEill& The aLxounts Incl1¢ the followi *n(ts relatirt8 to th¢ wovision of[•1 h51 £95209 £6.594 £24.344 £6,618 £146245 1£13.479) Communal fud contributtoThs receivable Grnnts receivabk {re¢ogniseA revenu¢) Socia] housing artivity eXpilure [tin8 swpluO(defieit) from xKial aLlivits numb¢r of lts of IkNk8in8 ownryj and nwmged by the ¢14rity at the be8inning of the ye were Hs follo.. - AimshoLU¢ x¢0MlOn as of l# April 2023 14 14 TANGIBLZ FIXED ASSETS Frtld fittin85 Totsls COST At l Awil 2023 and 31 March 2024 1.762.C 1,7637 DEPRECIATION At l April 2023 Charge ye8r 2713 24.7( 1.142 273,502 25,OC Al 31 Marrh 2024 297.120 1.382 NET BOOK VALUE A¢ 31 March 2024 378 1465 258 At 31 2023 618 1490 258 FIXED ASSET INVESTMENIS Unlistsa MARKET VALUE At l April 21)23 AdditiODS Diswsa]s R¢v8Juations 4248.520 313,550 (40.() 471.733 At 31 March 2024 4999.803 NET VALUE A¢ 31 2024 At 31 Marth 2023 424 Page 19
FIXED A&SET INvEgfMENf3. eoAtimutd Cost Valu&l( tt 31 2024 i5 rqYeseDted ty: Unli#ed investments Valu&tion in 2022 vatu10 in 2023 Valuation in 2024 {161,789) (201,634) 477.733 4 885 493 Fixed inv¢strnents comprise utsits h¢ld ID th¢ chltieS Olfieial Investh Fund. Asgrts are held under the io. INVESTMENT PROPERTY FAtR VALUE At l April 2023 Diswjsals 3.937,654 (599.999) 95 At 31 March 2024 3.43 NET BOOK VALUE Ai 31 March 2024 Ai 31 March 2tr23 3 937 654 land. Fair lut * 31 Mqrch 2024 is rqmtythted by: Valuation in 2023 Valuation tn 2024 711,499 95,250 2626 156 The residential and Cornm181 investsnent worrtrties were ryevity valuoa by GcKlfrey Payton. Chwtered Surveyors at th¢ir market on 31st D¢c¢mt*r 2018. The T1¢ the valtiOn of the regidthrt proputies 5th A] 2019. Grove CDttaBe {one of th¢ r¢sidenti investsnthrt prowties) WLS reva]ued on 29th lune 2022 by Barlow Aw¢1&t Ltd. li was wmler offer fcr Sale a¢ the Balatscc Shert dat¢ and its pectEd lling FffiC¢ is reflected in the xeount& The land at meride at RO aose aEkl * Burtrm Greeo plw Burton GTe<n Farni were all rev4lu¢d on 3rd July
- DEBTORS: AMoiJNfs FAILING DUE wrfHIN OIYE YEAR 2024 2023 Tr4de debtors Oth¢r dthtors prepaymts 30,863 10.844 29237
- CREDllDILS: AMOUNTS FALLING DUE WITHIN OIYE YEAR 2024 2023 Tr¢ ¢reditrsrs 407 1.820 13. Net At 31.3.24 1.423 Genera] Fund School Extraordinary Repair Fund Almshous¢ emerg¢w rytr artd qclial 5.77Q46 108.691 156.316 (334.180) 119,995 80.778 10296 91.074 Residential and ((er¢la1 wowi¢s 84.035 271.740 10,711 25.036 94.746 630.956 AInSe Projc¢L Fund 6J21.49) 213.663 6.535,153 Re4trlct•d fvnd• FIS2 Fund War Memorial R¢storntion Fund R¢Kh Fund 120.635 8.656 (33.692) (8,656) 15J44 86.943 15.344 129291 (27,(KM) IOU87 Eodowm•Dt sch1, Church and P(wL* Endowmert Fund 3,457.79) 353.946 3.811.745 10.449.185 Page21
11 MOVEMENf IN FLJNDS. Net movem¢rf in fuD(& i1th in the al)v¢ are as follow#: CAins and Mov¢m¥rt in funds eXpd Ullrutrltted General Fund SKhool Extrxydln Ryir Fw Almshouse erntyguKy repair4rtd eyclical 410.963 1273.958) 19Jll IIJ04 156.316 I I J04 10296 10.296 RaidemiAI and eommtrel pmfvie8 ¢xtraorditwy repair fund Almshous¢ Pro)1 Fund 10,711 64.301 10,711 48 419.963 {321223) 115.923 213.663 HS2 Fund War m¢Morf Re(xati( Fund Reach Fund (33.692) 18.656) (33,692) (8,6561 15 15.344 (42J48) (27,LJM) EmdowmeDt S¢hool, Church and PLKf tATth Endowrnent Pund 353.946 353.946 TOTAL FUNDS
IAL STAT 13. MOVEMENT IN FUNDS. comdmM•d Compar*¢ives for WOVE4Dent kn fand% Nct At 1.422 fvDts 31J23 Unrestrirted General Fund School Extrdinary Fund Almsho1¢ emergéw rtyaifaI ¢y¢lial maintenartce fithd R¢SidentI and ¢(merCi pvowii extrrdInary repair fvnd Almthousc Project Fund 5.15521S 111.667 765.144 (2.976} (144.123) 5.77A246 108.691 81428 (1.650) 80,778 85.752 (1.717) 84,035 144.123 5.570.724 75Q766 6.321,4 Restrf¢t¢d tun HS2 Fu1 War Memorial Restoration Fund 1299)6 (8.871) 8.656 120.635 8.636 129506 (215) 129291 School, chUh and PoorL4zMI$ Enth)wm¢nt Fund 3.639347 (181,448) 3.457.799 569 103 9.908.380 C.omparntive nelmovement in fi incIj in the as follows.. Ill1n8 Gains and Movernent in tIMS lJ•restrlrted f•ndi Genernl Fund School Extra(diDEry R1r Fwjd Aknshouse emer8etKy ryirand cyclic41 maintenance fund R¢sid¢rttial a1 CL¥nmercia] wroerties extra(xdinary r¢pair fimd Almshouse Pnjwt Fund 317,(Al (249.465) 697.568 11976) 765.144 (2.976) (1.650) (1,650) (1.717) 88 (1.717) 317.(511 (257J88) 691.313 750.766 R¢Jtri¢ted hDd• HS2 Fund War Memorial Re5toratiOD Fund (8.871) {8.871) 8.656 &656 18.871) (215) Endoww¢4¢ fMDd• S¢hcrt)I, Chwch and P(K)r La Endowment Fund (181.448) (181,448)
STAT I& MOVEME IN TINTA$- eoDdn•ed TrnAsfrr• lJ•twvw h•d• and to ptty expenscs rdating to the Alrns ProjcLt J& RELATED PARTY DISCUKSURLS I& REsTrID FUNDS The chtrity had thTe< restiicted fimds in the year. the HS2 Furt the Wv Mtrnml ReSIOrt and the R¢&th Fund. Th¢ Hg2 fimd w&$ crea] io I011 for th¢ fuThJin8 ffceived fTom the HS2 company to pmvid¢ respite to res]dry and Tqxif8 to the charity's pr0pttti that have been affect by the building of the HS2 railway line, The War Manorid R¢#oMion Fuud w15 xcount for f1& rnised f(Y the re8tCY8tion of the B¢rksw¢II War Memorial. This PfDjeet 15 a bein8 undfftaken jointly with Bvksw¢ll Parith Gymcil. St. John BY4ptist Church and Berksw¢ll SIety. This finMI was pAid in full during the year so th¢ fiuMI was closed at the Baionm Sht da. The Reath aro% in the ytar Lg a nsuh of a m fir ALxess . th¢ Found•tion fol SociAI Irtyestsne. The Brant w&s madc to the thrity to cover costs relatin8 to the woi¢¢ to build almshougrJ. The ¢huity ' reqLbir¢d to repay ony part of the Brant is not S •¢¢dIng to tcrn and ca>ndition$.
2024 2023 Ik)matioM d legRciu Ei)nation$ 8,656 Oth•r tr8dlttt ¢tlvld Farm a1 land r¢ts 9.577 69254 162 952( 10,638 80.298 163 89.337 sWry rits wayleave Almshouse w¢¢kty maint¢nance c0ntnThi Almshouse ¢omThUn fuel contriFxrtiOn5 I,796 187,747 Other fixed inv- UnFll 114.436 15 113.663 Charity dewit fund iniu¢x 119,274 115.783 Ch•rltsbh aetlvltl 24.344 Oth•r lThtornt Other inr¢xn¢ Totsl l•eomlll8 r•owrceB 435J07 325.697 EXPENDITURE Inve¥tm•Dt ¢osts Farni. land aThJ ¢oiiages. Tepair4 et¢. 37.707 Cbrltsbh #etlvltks 1.622 2.907 5,729 61,754 1,880 1257 7265 33.067 Almshouse insurance Almshouse and light Alms1 TV Iicvs Almshouse rffoj* fe¢s 48265 1.906 24.7 24.760 18.015 24. 20 17 75 8,123 tkprEciation of tangibl¢ fixed assets Grnn15 to institutions Gtants to individuols 113.353 121.401 Other Lkpteciation oftwwible fix¢d assd5 Carried forward 240 240 261 261
ET ¥1 2024 2023 Otber BrOut fOnd Exc4Mional ita 240 261 12.261 SIprt eo•ts Bank clLtrge8 421 670 lifonttlloD teehmoiorty Sundry expens¢s 7.726 5.802 GovernDee eo Wages P¢nsion8 Audiico, rernunerotion IDsuranc¢ P05ts8e and thtion A¢countw fees (Xher legal 4nd prof¢ssi¢)tMI f< 46.380 3.267 8.760 1.175 503 4,140 39,810 3.1 6.ofAJ 1.021 664 3.984 13 N¢¢ b•forn g•lM ttd loues 70.736 59238 ReAllyed r•Eoznlxd Reali8¢d gainsl(losses) invtstrrvrt Fffrywiy 103 114 Net (•xpendlt•rnyltoJDe 32 3781