| Page | Page | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Reference | and | Administrative | Details | 1 | |||||
| Report | of | the | Trustees | 2 | to | 4 | |||
| Report | of | the | Independent | Auditors | 5 | to | 8 | ||
| Statement | of | Financial | Activities | 9 | |||||
| Balance | Sheet | 10 | |||||||
| Notes | to | the | Financial | Statements | 11 | to | 18 | ||
| Detailed | Statement | of | Financial | Activities | 19 |
| TRUSTEES | J A Pritchard |
|||||
| Mrs H P |
Cole | |||||
| W Bond-Williams |
||||||
| G Wem |
BSc | |||||
| Mrs L L |
Pritchard | |||||
| A J Pillinger |
||||||
| PRINCIPAL | ADDRESS | The Lakeside |
Centre | |||
| 180 Lifford |
Lane | |||||
| Kings Norton |
||||||
| Birmingham | ||||||
| West Midlands |
||||||
| B30 3NU |
||||||
| REGISTERED | CHARITY | NUMBER | 213849 | |||
| AUDITORS | Thomas | and | Young | Limited | ||
| Carleton | House | |||||
| 266-268 | Stratford | Road | ||||
| Shirley | ||||||
| Solihull | ||||||
| West Midlands |
||||||
| B90 3AD |
| 2024 | 2023 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Total | |||||||||
| Fund | Funds | |||||||||
| Notes | £ | £ | ||||||||
| INCOME | AND | ENDOWMENTS | FROM | |||||||
| Donations | and | legacies | 2 | 2,550 | 143,020 | |||||
| Investment | income | 3 | 242,878 | 204,431 | ||||||
| Total | 245,428 | 347,451 | ||||||||
| EXPENDITURE | ON | |||||||||
| Charitable | activities | 4 | 192,334 | 229,783 | ||||||
| Net gains/(losses) |
on | investments | 175,290 | (387,370) | ||||||
| NET INCOME/(EXPENDITURE) |
228,384 | (269,702) | ||||||||
| RECONCILIATION | OF | FUNDS | ||||||||
| Total funds |
brought | forward | 11,703,175 | 11,972,877 | ||||||
| TOTAL FUNDS |
CARRIED | FORWARD | 11,931,559 | 11,703,175 |
| 2024 | 2023 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Total | ||||||||||
| Fund | Funds | ||||||||||
| Notes | £ | £ | |||||||||
| FIXED | ASSETS | ||||||||||
| Investments | 10 | 11,653,091 | 11,463,203 | ||||||||
| CURRENT | ASSETS | ||||||||||
| Debtors | 11 | 2,934 | 43,084 | ||||||||
| Cash at |
bank | 282,284 | 224,229 | ||||||||
| 285,218 | 267,313 | ||||||||||
| CREDITORS | |||||||||||
| Amounts | falling | due | within | one | year | 12 | (6,750) | (27,341) | |||
| NET CURRENT |
ASSETS | 278,468 | 239,972 | ||||||||
| TOTAL | ASSETS | LESS | CURRENT | ||||||||
| LIABILITES | 11,931,559 | 11,703,175 | |||||||||
| NET ASSETS |
11,931,559 | 11,703,175 | |||||||||
| FUNDS | |||||||||||
| Unrestricted | funds | 13 | 11,931,559 | 11,703,175 | |||||||
| TOTAL | FUNDS | 11,931,559 | 11,703,175 |
| 2 | DONATIO | NS | AN | D LEGACIES |
|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2023 | ||||||||||||
| £ | £ | ||||||||||||
| Donations | 2,550 | 143,020 | |||||||||||
| 3 | INVESTMENT | INCOME | |||||||||||
| 2024 | 2023 | ||||||||||||
| £ | £ | ||||||||||||
| Deposit | account | interest | 14,308 | 15,299 | |||||||||
| Income | from | listed | investments | 228,570 | 189,132 | ||||||||
| 242,878 | 204,431 | ||||||||||||
| 4 | CHARITABLE | ACTIVITIES | COSTS | ||||||||||
| Grant | |||||||||||||
| funding | of | Support | |||||||||||
| activities | costs | ||||||||||||
| (see | note | 5) | (see | note | 6) | Totals | |||||||
| £ | £ | £ | |||||||||||
| Other | 173,121 | 19,213 | 192,334 |
| Unrestricted | |||||||
|---|---|---|---|---|---|---|---|
| Fund | |||||||
| £ | |||||||
| INCOME | AND | EDOWMENTS | FROM | ||||
| Donations | and | legacies | 143,020 | ||||
| Investment | income | 204,431 | |||||
| Total | 347,451 | ||||||
| EXPENDITURE | ON | ||||||
| Charitable | activities | ||||||
| Other | 229,783 | ||||||
| Net (losses) |
on | investments | (387,370) | ||||
| NET (EXPENDITURE) |
(269,702) | ||||||
| RECONCILIATION | OF | FUNDS | |||||
| Total funds |
brought | forward | 11,972,877 | ||||
| TOTAL FUNDS |
CARRIED | FORWARD | 11,703,175 |
| FIXED ASSET INVESTMENTS |
||||
|---|---|---|---|---|
| 2024 | 2023 | |||
| £ | £ | |||
| Shares | 10,401,352 | 10,597,954 | ||
| Other | 1,251,739 | 865,249 | ||
| 11,653,091 | 11,463,203 |
| Additional | Additional | Additional | information | as | follows: | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shares | in | Cash | and | ||||||||||
| group | Listed | settlements | |||||||||||
| undertakings | investments | pending | Totals | ||||||||||
| £ | £ | £ | |||||||||||
| MARKET | VALUE | ||||||||||||
| At | 6 | April | 2023 | 5,981,434 | 4,563,973 | 52,547 | 10,597,954 | ||||||
| Additions | 1,192,666 | 1,192,666 | |||||||||||
| Disposals | (1,513,599) | (27,436) | (1,541,035) | ||||||||||
| Revaluations | 151,767 | 151,767 | |||||||||||
| At | 5 | April | 2024 | 5,981,434 | 4,394,807 | 25,111 | 10,401,352 | ||||||
| NET | BOOK | VALUE | |||||||||||
| At | 5 | April | 2024 | 5,981,434 | 4,394,807 | 25,111 | 10,401,352 | ||||||
| At | 5 | April | 2023 | 5,981,434 | 4,563,973 | 52,547 | 10,597,954 |
| Shares | in | Cash and |
||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| group | Listed | settlements | ||||||||
| undertakings | investments | pending | Totals | |||||||
| £ | £ | £ | ||||||||
| Valuation | in | 2024 | 5,981,434 | 4,394,807 | 25,111 | 10,401,352 |
| Investments | Investments | (neither | (neither | listed | nor | unlisted) | unlisted) | were | as | follows: | follows: | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 2023 | ||||||||||||||||
| £ | £ | ||||||||||||||||
| Government | stocks | 615,524 | |||||||||||||||
| Building | societies | and | fixed | 636,215 | 865,249 | ||||||||||||
| 1,251,739 | 865,249 | ||||||||||||||||
| 11 | DEBTORS: | AMOUNTS | FALLING | DUE | WITHIN | ONE | YEAR | ||||||||||
| 2024 | 2023 | ||||||||||||||||
| £ | £ | ||||||||||||||||
| Prepayments | and | accrued | income | 2,934 | 43,084 | ||||||||||||
| 12 | CREDITORS: | AMOUNTS | FALLING | DUE | WITHIN | ONE | YEAR | ||||||||||
| 2024 | 2023 | ||||||||||||||||
| £ | £ | ||||||||||||||||
| Other | creditors | 6,750 | 27,341 | ||||||||||||||
| 13 | MOVEMENT | IN | FUNDS | ||||||||||||||
| Net | |||||||||||||||||
| At | movements | At | |||||||||||||||
| 6 | April | 2023 | in | funds | April | 2024 | |||||||||||
| £ | £ | £ | |||||||||||||||
| Unrestricted | funds | ||||||||||||||||
| General | fund | 11,703,175 | 228,384 | 11,931,559 | |||||||||||||
| TOTAL | FUNDS | 11,703,175 | 228,384 | 11,931,559 |
| Incoming | Incoming | Resources | Gains | and | Movement | Movement | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| resources | expended | losses | in | funds | |||||||||
| £ | £ | £ | £ | ||||||||||
| Unrestricted | funds | ||||||||||||
| General | fund | 245,428 | (192,334) | 175,290 | 228,384 | ||||||||
| TOTAL | FUNDS | 245,428 | (192,334) | 175,290 | (228,384) | ||||||||
| Comparatives | for | movement | in | funds | |||||||||
| Net | |||||||||||||
| At | movements | At | |||||||||||
| 6 | April | 2022 | infunds | 5 | April | 2023 | |||||||
| £ | £ | £ | |||||||||||
| Unrestricted | funds | ||||||||||||
| General | fund | 11,972,877 | (269,702) | 11,703,175 | |||||||||
| TOTAL | FUNDS | 11,972,877 | (269,702) | 11,703,175 |
| Incoming | Resources | Gains | and | Movement | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| resources | expended | losses | in funds |
||||||||
| £ | £ | £ | £ | ||||||||
| Unrestricted | funds | ||||||||||
| General | fund | 347,451 | (229,783) | (387,370) | 269,702 | ||||||
| TOTAL | FUNDS | 347,451 | (229,783) | (387,370) | 269,702 |
| Registered | Registered | Nature | of | Class | of | shares | % | held | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Name | of | Undertaking | Office | business | held | (direct) | |||||||
| PMG | Investments | Limited | United | Kingdom | Property | A € | B | Preference | 100 | ||||
| Investment | |||||||||||||
| PMG | Investments | Limited | United | Kingdom | Property | Ordinary | 76 | ||||||
| Investment |
| 2024 | 2023 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| £ | £ | |||||||||
| INCOME AND ENDOWMENTS |
||||||||||
| Donations | and legacies |
|||||||||
| Donations | 2,550 | 143,020 | ||||||||
| Investments | ||||||||||
| Deposit account interest |
14,308 | 15,299 | ||||||||
| Income from |
listed | investments | 228,570 | 189,132 | ||||||
| 242,878 | 204,431 | |||||||||
| Total incoming resources |
245,428 | 347,451 | ||||||||
| EXPENDITURE | ||||||||||
| Charitable | activities | |||||||||
| Grants to institutions |
173,121 | 194,816 | ||||||||
| Support costs |
||||||||||
| Management | ||||||||||
| Postage and |
stationery | |||||||||
| Sundries | 6 | |||||||||
| Accountancy | 1,500 | 2,598 | ||||||||
| Management | fees | 11,344 | 27,044 | |||||||
| 12,844 | 29,648 | |||||||||
| Finance | ||||||||||
| Bank charges |
69 | 69 | ||||||||
| Governance | costs | |||||||||
| Auditors' remuneration |
6,300 | 5,250 | ||||||||
| Total resources |
expended | 192,334 | 229,783 | |||||||
| Net income |
before | gains | and | losses | 53,094 | 117,668 | ||||
| Realised recognised |
gains | and | losses | |||||||
| Realised gains/(losses) |
on | fixed | asset | investments | 175,290 | (387,370) | ||||
| Net income/ |
(expenditure) | 228,384 | (269,702) |