## 

|TRUSTEES|TRUSTEES||||
|---|---|---|---|---|
|Ex Officio|||The Rector, Rev P Gerard||
|Appointed<br>by Lapworth<br>Parish Council|||Mrs J Bragg<br>Mrs S Hunt||
||||Mr<br>I TKnowles||
||||Mrs V R Male - resigned 19.07.21||
||||Ms SJThompson||
||||Ms E M Beaver - appointed|10.01.22|
|Co-opted|||Mr D H Bradnock - resigned|02.11.21|
||||Mr DJ Clarke||
||||Mr DJ Corney||
||||Mrs C Hill||
||||Mr R E Nicol (Chairman)<br>Mr H0Roberts||
||||MrJR Waldron||
||||Mr C G Whereat - appointed|18.03.22|
|PRINCIPAL ADDRESS|||The Braids||
||||Rising Lane||
||||Lapworth||
||||Solihull||
||||B94BJE||
|REGISTERED||CHARITY|210948||
|NUMBER|||||
|INDEPENDENT||EXAMINER|Prime||
||||Chartered<br>Accountants||
||||Corner Oak||
||||1 Homer Road||
||||Solihull||
||||B913QG||
|BANKERS|||Lloyds Banking Group||
||||Solihull||
||||West Midlands||
||||B913AN||
|INVESTMENT||MANAGERS|Smith &Williamson||
||||9Colmore Row||
||||Birmingham||
||||832BJ||





## 

## 

## 

## 



## 

## 

## 

## 

## 



## 

## 



## 



## 

||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
|||||||The|||
|||||||Lapwoith|||
|||||Unrestricted|Restricted|Educational|Total|Total|
|||||funds|funds|Foundation|funds|funds|
||||Notes|5||F|6||
|INCOME AND|||||||||
|ENDOWMENTS<br>FROM|||||||||
|Donations|and legacies|||2,265|||2,265|6,000|
|Charitable||activities|||||||
|Almshouses||provision||46,436|||46,436|42,559|
|Investment||income|2|74,712||2,406|77,118|74,161|
|Total||||123,413||2,406|125,819|122,720|
|EXPENDITURE ON|||||||||
|Raising funds|||4|24,270||627|24,897|37,821|
|Charitable||activities|||||||
|Almshouses||provision||47,624|||47,624|44,401|
|Assistance||to individuals||16,734|||16,734|23.534|
|Assistance||to non-Scheme|||||||
|institutions||||2,995||6,000|8,995|9,646|
|Assistance||to Scheme|||||||
|institutions||||25,685|||25,685|24,806|
|Total||||117,308||6,627|123,935|140,208|
|Net gains on investments||||661,628|25,421|4,723|691,772|560,814|
|NET INCOME||||667,733|25,421|502|693,656|543,326|
|Transfers|between funds||18|(2,000)||2,000|||
|Net movement<br>in funds||||665,733|25,421|2,502|693,656|543,326|
|RECONCILIATION<br>OF|||||||||
|FUNDS|||||||||
|Total funds||brought|||||||
|forward||||4,753,119|231,128|106,022|5,090,269|4,546,943|
|TOTAL FUNDS CARRIED|||||||||
|FORWARD||||5,418,852|256,549|108,524|5,783,925|5,090,269|





## 

## 

||||||2022|2021|
|---|---|---|---|---|---|---|
|||||The|||
|||||Lapworth|||
|||Unrestricted|Restricted|Educational|Total|Total|
|||funds|funds|Foundation|funds|funds|
||Notes|E|6|6|6|E|
|FIXEDASSETS|||||||
|Tangible assets|13|1,350,484|||1,350,484|1,140,847|
|Investments|||||||
|Investments|14|2,117,484|256,549|104,510|2,478,543|2,309,605|
|Investment<br>properly|15|1,870,885|||1,870,885|1,545,069|
|||5,338,853|256,549|104,510|5,699,912|4,995,541|
|CURRENT ASSETS|||||||
|Debtors|16|2,123||4,162|6,285|15,402|
|Cash at bank||92,028||1,852|93,880|91,767|
|||94,151||6,014|100,165|107,169|
|CREDITORS|||||||
|Amounts<br>falling due within|||||||
|one year|17|(14,152)||(2,000)|(16,152)|(12,441)|
|NET CURRENT ASSETS||79,999||4,014|84,013|94,728|
|TOTAL ASSETS LESS|||||||
|CURRENT LIABILITIES||5,418,852|256,549|108,524|5,783,925|5,090,269|
|NET ASSETS||5,418,852|256,549|108,524|5,783,925|5,090,269|
|FUNDS|18||||||
|Unrestricted<br>funds|||||5,418,852|4,753,119|
|Restdicted funds|||||365,073|337,150|
|TOTAL FUNDS|||||5,783,925|5,090,269|





## 

## 

## 

## 



## 

## 

## 

## 

## 




## 

## 

|INCOME FROM CHARIT|ABLE ACTIVIT|IES|||
|---|---|---|---|---|
||||2022|2021|
||Activity||6|6|
|Weekly maintenance|||||
|contributions<br>for Pound|||||
|Close Almshouses|Almshouses|provision|46,436|42,559|
|RAISING FUNDS|||||
|Investment<br>management|costs||||
||||2022|2021|
|||||F|
|Porffolio management|||9,208|7,465|
|Repairs and maintenance|||1,721|2,940|
|Managing<br>agents fees|||2,462|2,870|
|Insurance costs|||1,171|1,069|
|Other direct costs|||4,967|19,866|
|Supportcosts|||5,368|3,611|
||||24,897|37,821|



## 

|CHARITAB|LE ACTIVITIES COSTS|||||
|---|---|---|---|---|---|
||||Grant|||
||||funding of|||
|||Direct|activities|Support||
|||Costs (see|(see note|costs (see||
|||note 6)|7)|note 8)|Totals|
|||F|F|6||
|Almshouses|provision|38,674||8,950|47,624|
|Assistance|to individuals||14,049|2,685|16,734|
|Assistance|to non-Scheme|||||
|institutions|||6,310|2,685|8,995|
|Assistance|to Scheme institutions||23,000|2,685|25,685|
|||38,674|43,359|17,005|99,038|





## 

## 

||DIRECT COSTS|O|F|CHAR|ITABLE|ACTIVITIES|||
|---|---|---|---|---|---|---|---|---|
||||||||2022|2021|
||||||||6|6|
||Utility costs||||||4,953|5,273|
||Repairs and maintenance||||||27,871|26,375|
||Insurance||||||2331|2,289|
||NAA subscriptions||||||302|296|
||Life line maintenance|||and installation|||247|234|
||Estate agents fees||||||2,970|3,960|
||Other direct costs|||||||(48)|
||||||||38,674|38,379|
||These costs relate||to|Pound|Close.||||
|7.|GRANTS PAYABLE||||||||
||||||||2022|2021|
||||||||6|F|
||Assistance to individuals||||||14,049|21,728|
||Assistance to non-Scheme||||institutions||6,310|7,840|
||Assistance to Scheme institutions||||||23,000|23,000|
||||||||43,359|52,568|
||The total grants paid to institutions|||||during the year was as|||
||follows:||||||||
||||||||2022|2021|
||||||||6|6|
||Lapworth<br>CofE Primary School||||||6,110|6,140|
||Scheme payments||(see note below)||||23,000|23,000|
||Lapworth<br>Surgery||||||200|1,700|
||||||||29,310|30,840|
||Scheme payments||comprise:||||||
||||||||2022|2021|
||||||||6|6|
||Church Wardens|of Nuthurst|||||3,000|3,000|
||Church Wardens|of Lapworth|||||20,000|20,000|
||||||||23,000|23,000|





## 

## 

|The total g<br>follows:|rants paid|to individua|ls<br>duding the year was as|||
|---|---|---|---|---|---|
|||||2022|2021|
|||||6|F|
|Covid-19 Hardship||||100|5,855|
|Residents'|christmas|hampers||445|405|
|Charitable|assistance|||450||
|Chiropody||||852|718|
|Winter fuel|allowance|||6,585|6,720|
|Educational|support|||4,450|6,800|
|Contributions<br>towards||childrens'|bus passes|1,167|1,230|
|||||14,049|21,728|



|SUPPORT|COSTS||||||
|---|---|---|---|---|---|---|
|||||Administration|Governance||
|||||Costs|costs|Totals|
|||||E||6|
|Investment|management|costs||4,418|950|5,368|
|Almshouses|provision|||7,365|1,585|8,950|
|Assistance|to individuals|||2,210|475|2,685|
|Assistance|to non-Scheme||institutions|2,210|475|2,685|
|Assistance|to Scheme|institutions||2,210|475|2,685|
|||||18,413|3,960|22,373|



## 

## 

## 

## 

## 

||||2022|2021|
|---|---|---|---|---|
||||6|6|
|Wages|and|salaries|11,640|11,324|
||||11,640|11,324|





## 

|The average<br>monthly<br>numb|er of|empl|oyees|during the year was|as follows:|||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|Administration||||||1|1|
|No employees<br>received emoluments|||in excess of660,000.|||||
|STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD|||||TO 31 MARCH 2021|||
|||||||The||
|||||||Lapworth||
|||||||Educational|Total|
|||||||Foundation|funds|
|||||||6|6|
|INCOME AND ENDOWMENTS||FROM||||||
|Donations<br>and legacies||||6,000|||6,000|
|Charitable<br>activities||||||||
|Almshouses<br>provision||||42,559|||42,559|
|Investment<br>income||||71,894||2,267|74,161|
|Total||||120,453||2,267|122,720|
|EXPENDITURE ON||||||||
|Raising funds||||36,836||985|37,821|
|Charitable<br>activities||||||||
|Almshouses<br>provision||||44,401|||44,401|
|Assistance to individuals||||23,534|||23,534|
|Assistance to non-Scheme|institutions|||4,648||4,998|9,646|
|Assistance to Scheme institutions||||24,806|||24,806|
|Total||||134,225||5,983|140,208|
|Net gains on investments||||487,914|51,062|21,838|560,814|
|NET INCOME||||474,142|51,062|18,122|543,326|
|Transfers<br>between funds||||(515)||515||
|Net movement<br>in funds||||473,627|51,062|18,637|543,326|
|RECONCILIATION<br>OF FUNDS||||||||
|Total funds brought forward||||4,279,492|180,066|87,385|4,546,943|
|TOTAL FUNDS CARRIED|FORWARD|||4,753,119|231,128|106,022|5,090,269|






|NET GAINS I(L|NET GAINS I(L|OSSES)ON|INVESTM|ENTS|||||
|---|---|---|---|---|---|---|---|---|
|These comprise:|||||||||
||||||||2022|2021|
||||||||6|8|
|Unrealised|gain on freehold properties||||||210,000||
|Unrealised|gain on investment||properties||||325,796|33,157|
|Unrealised|gain I|(loss) on fixed asset investment|||portfolio||141,983|441,085|
|Realised gain on||fixed asset investment||porffolio|||13,993|86,572|
||||||||691,772|560,814|
|TANGIBLE|FIXEDASSETS||||||||
|||||||Freehold|Computer||
|||||||property|equipment|Totals|
|||||||8|8|8|
|COST OR VALUATION|||||||||
|At 1 April 2021||||||1,140,000|1,793|1,141,793|
|Revaluations||||||210,000||210,000|
|At 31 March|2022|||||1,350,000|1,793|1,351,793|
|DEPRECIATION|||||||||
|At 1 April 2021|||||||946|946|
|Charge for year|||||||363|363|
|At 31 March|2022||||||1,309|1,309|
|NET BOOK VALUE|||||||||
|At 31 March|2022|||||1,350,000|484|1,350,484|
|At 31 March|2021|||||1,140,000|847|1,140,847|
|Cost or valuation||at 31 March 2022 is represented|||by:||||
|||||||Freehold|Computer||
|||||||property<br>6|equipment<br>6|Totals<br>f|
|Valuation<br>in|2022|||||210,000||210,000|
|Cost||||||1,140,000|1,793|1,141,793|
|||||||1,350,000|1,793|1,351,793|





## 

## 

|FIXEDASSET INVESTMENTS||||
|---|---|---|---|
||Listed|Unlisted||
||investments|investments|Totals|
||E|E|F|
|MARKET VALUE||||
|At 1 April 2021|1,772,898|536,707|2,309,605|
|Additions|113,192||113,192|
|Disposals|(86,235)||(86,235)|
|Revaluations|83,718|58,263|141,981|
|At 31 March 2022|1,883,573|594,970|2,478,543|
|NET BOOKVALUE||||
|At 31 March 2022|1,883,573|594,970|2,478,543|
|At 31 March 2021|1,772,898|536,707|2,309,605|



## 

|||Listed|Unlisted||
|---|---|---|---|---|
|||investments|investments|Totals|
|||6|6|E|
|Valuation<br>in 2022||83,718|58,263|141,981|
|Cost||1,799,855|536,707|2,336,562|
|||1,883,573|594,970|2,478,543|
|INVESTMENT PROPERTY|||||
|FAIR VALUE|||||
|At 1 Apdl 2021||||1,545,089|
|Revaluation||||325,796|
|At 31 March 2022||||1,870,885|
|NET BOOK VALUE|||||
|At 31 March 2022||||1,870,885|
|At 31 March 2021||||1,545,089|
|Fair value at 31 March 2022 is represented|by:||||
|Valuation<br>in 2022||||325,796|
|Cost||||1,545,089|
|||||1,870,885|





## 

## 

|16.|DEBTORS:|A|MO|U|NTS<br>F|A|LLING DUE|WITHIN ONE Y|EAR|||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||2022|2021|
|||||||||||6|6|
||Trade debtors||||||||||9,032|
||P repayments|||||||||6,285|6,370|
|||||||||||6,285|15,402|
|17.|CREDITORS:||AMOUNTS|||FALLING DUE WITHIN ONE|||YEAR|||
|||||||||||2022|2021|
|||||||||||6||
||Trade creditors|||||||||2,177|2,177|
||Taxation and|social|||security|||||1||
||Other creditors|||||||||13,974|10,264|
|||||||||||16,152|12,441|
|18.|MOVEMENT|IN||FUNDS||||||||
||||||||||Net|Transfers||
||||||||||movement|between|At|
|||||||||At 1.4.21|in funds|funds|31.3.22|
||||||||||E|E|6|
||Unrestricted|funds||||||||||
||General fund|||||||4,263,119|457,733|(2,000)|4,718,852|
||Freehold<br>property|||revaluation|||reserve|490,000|210,000||700,000|
|||||||||4,753,119|667,733|(2,000)|5,418,852|
||Restricted funds|||||||||||
||Almshouses|extraordinary||||repair fund||223,084|24,482||247,566|
||Church extraordinary||||repair||fund|8,044|939||8,983|
||The Lapworth||Educational|||Foundation||106,022|502|2,000|108,524|
|||||||||337,150|25,923|2,000|365,073|
||TOTAL FUNDS|||||||5,090,269|693,656||5,783,925|





## 

## 

|Net movemen|t<br>in f|un|ds,<br>in|clud|ed<br>in the ab|ove are as follow|s:|||
|---|---|---|---|---|---|---|---|---|---|
|||||||Incoming|Resources|Gains and|Movement|
|||||||resources|expended|losses|in funds|
|||||||F|6|F|6|
|Unrestricted|funds|||||||||
|General fund||||||123,413|(117,308)|451,628|457,733|
|Freehold<br>property||revaluation|||reserve|||210,000|210,000|
|||||||123,413|(117,308)|661,628|667,733|
|Restricted funds||||||||||
|Almshouses|extraordinary|||repair fund||||24,482|24,482|
|Church extraordinary|||repair fund|||||939|939|
|The Lapworlh|Educational|||Foundation||2,406|(6,627)|4,723|502|
|||||||2,406|(6,627)|30,144|25,923|
|TOTAL FUNDS||||||125,819|(123,935)|691,772|693,656|
|Comparatives<br>for||movement|||in funds|||||
||||||||Net|Transfers||
||||||||movement|between|At|
|||||||At 1.4.20|in funds|funds|31.3.21|
|||||||E|6|F|6|
|Unrestricted|funds|||||||||
|General fund||||||3,789,492|474,142|(515)|4,263,119|
|Freehold property||revaluation|||reserve|490,000|||490,000|
|||||||4,279,492|474,142|(515)|4,753,119|
|Restricted funds||||||||||
|Almshouses|extraordinary|||repair fund||173,601|49,483||223,084|
|Church extraordinary|||repair|fund||6,465|1,579||8,044|
|The Lapworth|Educational|||Foundation||87,385|18,122|515|106,022|
|||||||267,451|69,184|515|337,150|
|TOTAL FUNDS||||||4,546,943|543,326||5,090,269|





## 

## 

|Comparative|net mo|vement|in funds,<br>inclu|ded<br>in the above|are as follows:|||
|---|---|---|---|---|---|---|---|
|||||Incoming|Resources|Gains and|Movement|
|||||resources|expended|losses|in funds|
|||||F||6||
|Unrestricted|funds|||||||
|General fund||||120,453|(134,225)|487,914|474,142|
|Restricted funds||||||||
|Almshouses|extraordinary||repair fund|||49,483|49,483|
|Church extraordinary||repair|fund|||1,579|1,579|
|The Lapworth|Educational||Foundation|2,267|(5,983)|21,838|18,122|
|||||2,267|(5,983)|72,900|69,184|
|TOTAL FUNDS||||122,720|(140,208)|560,814|543,326|



## 

## 

## 



##