## |**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||