| Trustees Trustees |
Mr A H Jones Mr A H Jones |
|---|---|
| Mr J H Tuckey Mr J H Tuckey |
|
| Mr S J Reynolds Mr S J Reynolds |
|
| Dr P Mayer Dr P Mayer |
|
| Dr M Honeyman Dr M Honeyman |
|
| Mr M S Hammond Mr M S Hammond |
|
| Mrs J Fox Mrs J Fox |
|
| Mrs P Hibberd Mrs P Hibberd |
|
| Secretary Secretary |
Mrs H Tait Mrs H Taft |
| Charity number Charity number |
215652 215652 |
| Registered office Registered office |
Shakespeare Martineau Shakespeare Martineau |
| No 1 Colmore Square No 1 Colmore Square |
|
| Birmingham Birmingham |
|
| B4 6AA B4 6M |
|
| Independent examiner Independent examiner |
RSM UK Tax and Accounting Limited RSM UK Tax and Accounting Limited |
| Chartered Accountants Chartered Accountants |
|
| St Philips Point St Philips Point |
|
| Temple Row Temple Row |
|
| Birmingham Birmingham |
|
| West Midlands West Midlands |
|
| B2 5AF B2 5AF |
|
| Stockbrokers Stockbrokers |
Canaccord Genuity Wealth Management Canaccord Genuity Wealth Management |
| Saggar House Saggar House |
|
| Princes Drive Princes Drive |
|
| Worcester Worcester |
|
| WR1 2PG WR1 2PG |
|
| Bankers Bankers |
Barclays Bank PLC Barclays Bank PLC |
| 15 Colmore Row 15 Colmore Row |
|
| Birmingham Birmingham |
|
| B3 2BY B3 2BY |
|
| Solicitors Solicitors |
Shakespeare Martineau Shakespeare Martineau |
| No 1 Colmore Square No 1 Colmore Square |
|
| Birmingham Birmingham |
|
| B4 6AA B4 6AA |
DocuSign Envelope ID: 62CF4707-F28B-4AE5-8CA6-ED8239AE4F23
OocuSign Envelope ID: 25B2AF3A-31F7-4908-922A-A5F8A8B68CA5
THE BIRMINGHAM DISTRICT NURSING CHARITABLE TRUST
TRUSTEES' REPORT (CONTINUED)
FOR THE YEAR ENDED 18 JULY 2021
At the annual meeting of the Trustees, the longest in office since appointment retire, but are eligible for reappointment.
The power of appointing new or additional co-optative Trustees is vested in the continuing or surviving Trustees. The Trustees seek to appoint Trustees with the appropriate breadth of experience necessary to meet the needs of the Trust.
Plans for Future Periods
The Trustees are satisfied with the activities of the Charity in the financial year and continue to actively seek appropriate projects into which to apply the Charity's resources. In particular, the Trustees intend to maintain the strategic direction and purpose of the Charity in supporting the sick, in or near the City of Birmingham within a radius of 20 miles from the Council House.
Risk Management
The Trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to those major risks.
The Trustees' report was approved by the Board of Trustees.
r-:DocuSlgned by: �i.��. �8.rn.rnond Mr iOf'§[8] fi M�iid
Trustee Dated: 6 January 2022
Trustee Dated: ... MV20.22. .. I 03:04:28 PST
- 3 -
Vivian Shadbolt
24/01/22
| Unrestricted Endowment Unrestricted Endowment |
Unrestricted Endowment Unrestricted Endowment |
Total Total |
Total Total |
||
|---|---|---|---|---|---|
| funds funds |
funds funds |
2021 2021 |
2020 2020 |
||
| Notes Notes |
£ £ |
£ £ |
£ £ |
£ £ |
|
| Income from: Income from: |
|||||
| Dividends and interest Dividends and interest |
3 3 |
63,761 63,761 |
63,761 63,761 |
73,068 73,068 |
|
| Expenditure on: Expenditure on: |
|||||
| Charitable activities Charitable activities |
4 4 |
73,340 73,340 |
- | 73,340 73,340 |
83,009 83,009 |
| Net gains/(losses) on investments Net gains/(losses) on investments |
8 8 |
- | 235,828 235,828 |
235,828 235,828 |
(148,783) (148,783) |
| Net movement in funds Net movement in funds |
(9,579) (9,579) |
235,828 235,828 |
226,249 226,249 |
(158,724) (158,724) |
|
| Total funds brought forward Total funds brought forward |
67,365 67,365 |
2,055,437 2,055,437 |
2,122,802 2,122,802 |
2,281,526 2,281,526 |
|
| Total funds carried forward Total funds carried forward |
57,786 57,786 |
2,291,265 2,291,265 |
2,349,051 2,349,051 |
2,122,802 2,122,802 |
DocuSign Envelope ID: 62CF4707-F28B-4AE5-8CA6-ED8239AE4F23
DocuSign Envelope ID: 25B2AF3A-31 F7-4908-922A-A5F8A8B68CA5
Charity Registration No 215652
THE BIRMINGHAM DISTRICT NURSING CHARITABLE TRUST
BALANCE SHEET
AS AT 18 JULY 2021
| Notes Fixed assets Investments 9 Funds held by Stockbrokers - Capital Current assets Debtors 10 Funds held by Stockbrokers - Income Cash at bank and in hand Creditors: amounts falling due within 11 one year Net current assets Total assets less current liabilities Capital funds Endowment funds - capital 14 Income funds Unrestricted funds - undistributed income |
2021 £ £ 2,251,257 40,008 2,291,265 60,994 2,252 63,246 (5,460) 57,786 2,349,051 2,291,265 57,786 2,349,051 |
"-- 2020 £ £ 2,028,426 27,011 2,055,437 739 69,594 2,252 72,585 (5,220) 67,365 2,122,802 2,055,437 67,365 2,122,802 |
|---|---|---|
The financial statements were approved by the Trustees on 6 January 2022
----- Start of picture text -----
Trustee
----- End of picture text -----
-7-
| 3 3 |
Dividends and interest Dividends and interest |
||
|---|---|---|---|
| 2021 2021 |
2020 2020 |
||
££ |
££ |
||
| Income from listed investments Income from listed investments |
63,761 63,761 |
73,001 73,001 |
|
| Interest receivable Interest receivable |
67 67 |
||
| 63,761 63,761 |
73,068 73,068 |
||
| Dividends and interest of £63,761 (2020: £73,068) were unrestricted. Dividends and interest of £63,761 (2020: £73,068) were unrestricted. |
|||
| 4 4 |
Charitable activities Charitable activities |
||
| Total Total |
Total Total |
||
| 2021 2021 |
2020 2020 |
||
££ |
££ |
||
| Secretary remuneration and legal charges Secretary remuneration and legal charges |
13,670 13,670 |
9,889 9,889 |
|
| Accountancy charges Accountancy charges |
3,690 3,690 |
3,550 3,550 |
|
| Independent examination charges Independent examination charges |
1,770 1,770 |
1,670 1,670 |
|
| 19,130 19,130 |
15,109 15,109 |
||
| Direct grants (see note 5) Direct grants (see note 5) |
54,210 54,210 |
67,900 67,900 |
|
| ---- | |||
| 73,340 73,340 |
83,009 83,009 |
| 5 5 |
Grants payable Grants payable |
|
|---|---|---|
| Grants to institutions: Grants to institutions: |
2021 2021 |
|
| E | ||
| Acacia Family Support Acacia Family Support |
2,000 2,000 |
|
| The Mary Stevens Hospice The Mary Stevens Hospice |
2,000 2,000 |
|
| BUDS BUDS |
2,500 2,500 |
|
| Birmingham Samaritans Birmingham Samaritans |
3,000 3,000 |
|
| Freedom from Torture Freedom from Torture |
3,000 3,000 |
|
| Ex Cathedra Ltd Ex Cathedra Ltd |
2,275 2,275 |
|
| Kemp Hospice Trust Kemp Hospice Trust |
2,000 2,000 |
|
| Walsall Carers Centre Walsall Carers Centre |
1,000 1,000 |
|
| BWCH Charity BWCH Charity |
5,000 5,000 |
|
| Cerebral Palsy Midlands Cerebral Palsy Midlands |
2,000 2,000 |
|
| UHB Charity UHB Charity |
3,435 3,435 |
|
| The Myton Hospices The Myton Hospices |
2,000 2000, |
|
| Birmingham St Mary's Hospice Birmingham St Mary's Hospice |
2,000 2000, |
|
| Walsall Rehabilitation & Healthy Living Walsall Rehabilitation & Healthy Living |
3,000 3,000 |
|
| Ronald McDonald House Charities Ronald McDonald House Charities |
3,000 3,000 |
|
| St Giles Hospice St Giles Hospice |
2,000 2,000 |
|
| John Taylor Hospice John Taylor Hospice |
2,000 2,000 |
|
| Huntington's Disease Association Huntington's Disease Association |
3,000 3,000 |
|
| Primrose Hospice Primrose Hospice |
2,000 2,000 |
|
| Birmingham Centre for Arts Therapies Birmingham Centre for Arts Therapies |
5,000 5,000 |
|
| Acorns Childrens Hospice Trust Acorns Childrens Hospice Trust |
2,000 2,000 |
|
| 54,210 54,210 |
| Fixed asset investments Fixed asset investments |
|
|---|---|
| Listed Listed |
|
| investments investments |
|
| £ | |
| Cost or valuation Cost or valuation |
|
| At 19 July 2020 At 19 July 2020 |
2,028,426 2,028,426 |
| Additions Additions |
302,092 302,092 |
| Valuation changes Valuation changes |
235,828 235,828 |
| Disposals Disposals |
(315,089) (315,089) |
| At 18 July 2021 At 18 July 2021 |
2,251,257 2,251,257 |
| Carrying amount Carrying amount |
|
| At 18 July 2021 At 18 July 2021 |
2,251,257 2,251,257 |
| At 18 July 2020 At 18 July 2020 |
2,028,426 2,028,426 |
| 2021 2021 |
2020 2020 |
||
|---|---|---|---|
| Amounts falling due within one year: Amounts falling due within one year: |
£ | £ | |
| Prepayments and accrued income Prepayments and accrued income |
739 739 |
||
| 11 11 |
Creditors: amounts falling due within one year Creditors: amounts falling due within one year |
||
| 2021 2021 |
2020 2020 |
||
££ |
££ |
||
| Accruals and deferred income Accruals and deferred income |
5,460 5,460 |
5,220 5,220 |
| 12 12 |
Financial instruments Financial instruments |
2021 2021 |
2020 2020 |
|---|---|---|---|
£E |
£E |
||
| Carrying amount of financial assets Carrying amountof financial assets |
|||
| Measured at fair value Measured at fair value |
2,251,257 2,251,257 |
2,028,426 2,028,426 |
|
| Debt instruments measured at amortised cost Debt instruments measured at amortised cost |
739 739 |
||
| Carrying amount of financial liabilities Carrying amountof financial liabilities |
|||
| Measured at amortised cost Measured at amortised cost |
5,460 5,460 |
5,220 5,220 |
| Movement Movement |
in funds in funds |
||||
|---|---|---|---|---|---|
| Balance at 19 July 2020 Balance at 19 July 2020 |
Incoming resources Incoming resources |
Resources expended Resources expended |
Balance at 18 July 2021 Balance at 18 July 2021 |
||
| £ E |
£ E |
£ E |
£ E |
||
| Unrestricted Unrestricted |
funds funds |
67,365 67,365 |
63,761 63,761 |
(73,340) (73,340) |
57,786 57,786 |
| 67,365 67,365 |
63,761 63,761 |
(73,340) (73,340) |
57,786 57,786 |
| Movement in funds Movement in funds |
||||
|---|---|---|---|---|
| Balance at Balance at |
Incoming Resources Revaluations incoming Resources Revaluations |
Balance at 18 Balance at 18 |
||
| 19 July 2020 19 July 2020 |
resources expended gains and resources expended gains and |
July 2021 July 2021 |
||
| losses losses |
||||
| £ E |
£ £ £ E E E |
£ E |
||
| Endowment Endowment |
funds funds |
2,055,437 2,055,437 |
235,828 235,828 |
2,291,265 2,291,265 |
| 2,055,437 2,055,437 |
235,828 235,828 |
2,291,265 2,291,265 |
| Analysis of net assets between funds Analysis ofnet assets between funds |
|||
|---|---|---|---|
| Unrestricted Unrestricted |
Endowment Endowment |
Total Total |
|
| undistributed undistributed |
capital capital |
||
| income income |
|||
| E | £ E |
£ | |
| Fund balances at 18 July 2021 are represented by: Fund balances at 18 July 2021 are represented by: |
|||
| Fixed assets Fixed assets |
2,291,265 2,291,265 |
2,291,265 2,291,265 |
|
| Current assets Current assets |
63,246 63,246 |
63,246 63,246 |
|
| 63,246 63,246 |
2,291,265 2,291,265 |
2,354,511 2,354,511 |
|
| Less: Liabilities Less: Liabilities |
(5,460) (5,460) |
(5,460) (5,460) |
|
| 57,786 57,786 |
2,291,265 2,291,265 |
2,349,051 2,349,051 |
|
| Unrestricted Unrestricted |
Endowment Endowment |
Total Total |
|
| undistributed undistributed |
capital capital |
||
| income income |
|||
| E | £ | £ E |
|
| Fund balances at 18 July 2020 are represented by: Fund balances at 18 July 2020 are represented by: |
|||
| Fixed assets Fixed assets |
2,055,437 2,055,437 |
2,055,437 2,055,437 |
|
| Current assets Current assets |
72,585 72,585 |
72,585 72,585 |
|
| 72,585 72,585 |
2,055,437 2,055,437 |
2,128,022 2,128,022 |
|
| Less: Liabilities Less: Liabilities |
(5,220) (5,220) |
(5,220) (5,220) |
|
| 67,365 67,365 |
2,055,437 2,055,437 |
2,122,802 2,122,802 |
| LISTED INVESTMENTS LISTED INVESTMENTS |
|
|---|---|
| Cost Cost |
|
| E | |
| At 19 July 2020 At 19 July 2020 |
1,451,173 1,451,173 |
| Additions Additions |
302,092 302,092 |
| Disposals Disposals |
(254,035) (254,035) |
| At 18 July 2021 At 18 July 2021 |
1,499,230 1,499,230 |
| INVESTMENTS PURCHASED DURING THE YEAR INVESTMENTS PURCHASED DURING THE YEAR |
|
|---|---|
| Cost Cost |
|
| E | |
| 18,000 Aberdeen Standard Logis 16,000 BP PLC 18,000 Aberdeen Standard Logis 16,000 BP PLC |
20,146 49,256 20,146 49,256 |
| 10,000 JP Morgan Asian Investment Trust 10,000 JP Morgan Asian Investment Trust |
39,972 39,972 |
| 44,000 Jupiter Unit Trust 44,000 Jupiter Unit Trust |
29,816 29,816 |
| 21,800 Ninety One Fund Managers 28,000 Rathbone Unit Trust Management 21,800 Ninety One Fund Managers 28,000 Rathbone Unit Trust Management |
64,072 29,655 64,072 29,655 |
| 18,000 Value-Trac Investment Management Ltd 18,000 Value-Trac Investment Management Ltd |
19,608 19,608 |
| 36,100 Vodafone Group PLC 36,100 Vodafone Group PLC |
49,567 49,567 |
| 302,092 302,092 |
| INVESTMENTS INVESTMENTS |
DISPOSED DURING THE YEAR DISPOSED DURING THE YEAR |
|
|---|---|---|
| Cost Cost |
||
| £ | ||
| 12,500 BT Group 12,500 BT Group |
29,621 29,621 |
|
| 50,545 Charities Property Fund 50,545 Charities Property Fund |
62,812 62,812 |
|
| 15,000 Segro PLC 15,000 Segro PLC |
57,282 57,282 |
|
| 17,000 Treasury 4.125% Indexed Linked 17,000 Treasury 4.125% Indexed Linked |
63,649 63,649 |
|
| 6,000 Wood Group 6,000 Wood Group |
40,538 40,538 |
|
| T Bailey Service Limited correction T Bailey Service Limited correction |
133 133 |
|
| 254,035 254,035 |
| NVESTMENTS NVESTMENTS |
|||||
|---|---|---|---|---|---|
| Cost Cost |
Fair Fair |
Value Value |
|||
| 18/07/21 18/07121 |
18/07/20 18107/20 |
18/07/21 18/07/21 |
18/07/20 18107/20 |
||
| £ | £ E |
£ | |||
| Aberdeen Standard Logis Aberdeen Standard Logis |
79,527 79,527 |
59,381 59,381 |
88,283 88,283 |
57,913 57,913 |
|
| AXA Framlington Managed Inc AXA Framlington Managed Inc |
29,762 29,762 |
29,762 29,762 |
29,825 29,825 |
27,325 27,325 |
|
| BP PLC BP PLC |
103,680 103,680 |
54,424 54,424 |
73,050 73,050 |
27,833 27,833 |
|
| BT Group BT Group |
29,621 29,621 |
14,588 14,588 |
|||
| Charities Property Fund Charities Property Fund |
62,812 62,812 |
62,034 62,034 |
|||
| Close Brothers Close Brothers |
19,510 19,510 |
19,510 19,510 |
33,176 33,176 |
25,036 25,036 |
|
| Compass Group PLC Compass Group PLC |
23,267 23,267 |
23,267 23,267 |
66,943 66,943 |
52,323 52,323 |
|
| CRH Ord CRH Ord |
35,634 35,634 |
35,634 35,634 |
53,445 53,445 |
45,615 45,615 |
|
| Edinburgh Worldwide Investment Trust Edinburgh Worldwide Investment Trust |
24,883 24,883 |
24,883 24,883 |
142,545 142,545 |
118,250 118,250 |
|
| Experian PLC Experian PLC |
20,868 20,868 |
20,868 20,868 |
107,975 107,975 |
98,945 98,945 |
|
| General Accident PLC General Accident PLC |
24,736 24,736 |
24,736 24,736 |
27,285 27,285 |
23,970 23,970 |
|
| GlaxoSmithkline PLC GlaxoSmithkline PLC |
25,246 25,246 |
25,246 25,246 |
65,522 65,522 |
76,360 76,360 |
|
| Henderson Diversified Income Limited Henderson Diversified Income Limited |
42,958 42,958 |
42,958 42,958 |
39,560 39,560 |
38,916 38,916 |
|
| HICL Infrastructure Co Limited HICL Infrastructure Co Limited |
47,923 47,923 |
47,923 47,923 |
65,621 65,621 |
64,994 64,994 |
|
| HSBC Holdings HSBC Holdings |
64,266 64,266 |
64,266 64,266 |
37,699 37,699 |
35,483 35,483 |
|
| JP Morgan Asian Investment Trust JP Morgan Global Growth & Income PLC JP Morgan Asian Investment Trust JP Morgan Global Growth & Income PLC |
78,680 90,118 78,680 90,118 |
78,680 50,146 78,680 50,146 |
107,583 109,000 107,583 109,000 |
87,527 52,500 87,527 52,500 |
|
| Lloyds Banking Group PLC Lloyds Banking Group PLC |
35,106 35,106 |
35,106 35,106 |
32,001 32,001 |
21,392 21,392 |
|
| Man Asset Management Man Asset Management |
31,853 31,853 |
30,122 30,122 |
|||
| Melrose Industries PLC Melrose Industries PLC |
39,741 39,741 |
39,741 39,741 |
23,840 23,840 |
18,680 18,680 |
|
| Mercantile Investment Trust PLC Mercantile Investment Trust PLC |
24,541 24,541 |
24,541 24,541 |
83,475 83,475 |
60,291 60,291 |
|
| Murray Investment Trust Murray Investment Trust |
79,790 79,790 |
79,790 79,790 |
72,500 72,500 |
60,938 60,938 |
|
| National Grid PLC National Grid PLC |
27,967 27,967 |
27,967 27,967 |
54,452 54,452 |
51,478 51,478 |
|
| Ninety One Fund Managers Ninety One Fund Managers |
64,072 64,072 |
66,112 66,112 |
|||
| Rathbone Unit Trust Management ReIx PLC Rathbone Unit Trust Management Relx PLC |
29,655 29,836 29,655 29,836 |
29,836 29,836 |
30,190 97,839 30,190 97,839 |
86,198 86,198 |
|
| Royal Dutch Shell Royal Dutch Shell |
10,929 10,929 |
10,929 10,929 |
54,728 54,728 |
49,616 49,616 |
|
| Sanlam Universal Funds PLC (now Man Asset Sanlam Universal Funds PLC (now Man Asset |
|||||
| Management) Management) |
31,853 31,853 |
29,897 29,897 |
|||
| Segro PLC Segro PLC |
57,282 57,282 |
138,150 138,160 |
|||
| Severn Trent PLC Severn Trent PLC |
15,881 15,881 |
15,881 15,881 |
54,260 54,260 |
48,500 48,500 |
|
| Smith and Nephew PLC Smurfit Kappa Group PLC Smith and Nephew PLC Smurfit Kappa Group PLC |
21,249 54,359 21,249 54,359 |
21,249 54,359 21,249 54,359 |
60,180 91,291 60,180 91,291 |
65,620 58,985 66,620 58,985 |
|
| T Bailey Service Limited T Bailey Service Limited |
78,252 78,252 |
78,384 78,384 |
82,926 82,926 |
75,633 75,633 |
|
| Treasury 4.125% Indexed Linked Treasury 4.125% Indexed Linked |
63,650 63,650 |
65,773 65,773 |
|||
| Unilever PLC Unilever PLC |
16,584 16,584 |
16,584 16,584 |
87,368 87,368 |
87,719 87,719 |
|
| Valu-Trac Investment Management LTD Valu-Trac Investment Management LTD |
70,239 70,239 |
50,631 50,631 |
73,942 73,942 |
51,536 51,536 |
|
| Vodafone Group PLC Vodafone Group PLC |
103,577 103,577 |
54,010 54,010 |
68,782 68,782 |
29,720 29,720 |
|
| Wood Group Wood Group |
40,538 40,538 |
13,566 13,566 |
|||
| Worldwide Healthcare Trust PLC Worldwide Healthcare Trust PLC |
24,725 24,725 |
24,725 24,725 |
110,055 110,065 |
105,122 105,122 |
|
| Total Total |
1,499,230 1,499,230 |
1,451,173 1,451,173 |
2,251,257 2,251,257 |
2,028,426 2,028,426 |