2020-12-31-accounts

Charityregistration:	216080
Trustees:	Mrs Penelope Wagg	-	Chair
	Dr Marcus Brain
	Councillor Roger Harmer
	Mrs Sheila Huckfield
	Rev Paul Leckey	-	ex-officio
	Mrs Valarie Sutherland
Registeredoffice:	Kern house, 269 Warwick	Road, Solihull, West Midlands, 892 7A8
Independentexaminer:	Malcolm Willcox, FCC4,
	Chartered Certified Accountant
	Hagley House, 93 Hagley Road, Edgbaston, Birmingham, BiG 8LA.
Bankers:	HSBC Bank plc
	22-24 Colmore Row, Birmingham, B3 20D.
Clerkto the Trustees:	Dr Marcus Brain
Investmentmanager:	Brewin Dolphin Limited
	9 Colmore Row, Birmingham, B3		2BJ
Managing agent:	Carters Chartered Surveyors
	4 Albany Road, Harborne, Birmingham, B17 9JX

			Extraordinary				2020		2019
	Notes	General	Reserve	Restricted			Total		Total
		Fund	Fund		Fund
		£	£		E		£		£
Income and endowments
Lflaritable activities:
Ground rents		-	-		-				15
Residents’ contributions		33,107	-		-		33,107		33,907
Investment income	2	14,114	-		-		14,114		15,990
		47,221	-		-		47,221		49,912
Expenditure
Investment management costs	3	4,543	-		-		4,543		4,691
Charitable activities:
Direct costs	4	60,706	40,939		-		101,645		58,316
Support costs	4	16,367	-		-		16,367		16,843
		81,616	40,939		-		122,555		79,850
Realised losses		-	-	(	5,384)	(	5,384)	(	2,017)
Unrealised gains		6,550	13,246		1,817		21,613		90,240
Gain on disposal offreehold interest		-	63,404		-		63,404		-
Net deficit/income		( 27,845)	35,711	(	3,567)		4,299		58,285
Total funds brought forward		75,081	88,897		561,898		725,876		667,591
Total funds carried forward		47,236	124,608		558,331		730,175		725,876

BALANCE SHEET 31 DECEMBER 2020
		2020			2019
	Notes	£	£	£		£
FIXED ASSETS
Tangible assets	9		28,138			28,238
Investments	10		650,741			640,810
			678,879			669,048
CURRENT ASSETS
Debtors	11	35,728		20,570
Cash at bank		25,021		43,791
		60,749		64,361
CREDITORS -falling due within one year	12	C 9,453)		( 7,533)
NET CURRENT ASSETS			51,296			56,828
			730,175			725,876
ACCUMULATED FUNDS
Unrestricted funds	14		171,844			163,978
Restricted funds	14		558,331			561,898
			730,175			725,876

		Unrestricted	Restricted
		Funds	Funds	Total	2019
		E	£	£	F
2	INVESTMENT INCOME
	Quoted fixed asset investments	14,114	-	14,114	15,990
3	RAISING FUNDS
	Investment management costs	4,543	-	4,543	4,691
			Direct Costs	Support Costs	Total
			£	£	£
4	CHARITABLE ACTIVITIES COSTS
	Direct costs		101,645	-	101,645
	Support costs		1,506	14,861	16,367
			103,151	14,861	118,012
				2020	2019
				£	£
5	DIRECT COSTS OF CHARITABLE ACTIVITIES
	Repairs, maintenance and gardening			46,994	40,649
	Refurbishment expenses			40,939	-
	Gas and electricity			7,363	9,590
	Water rates			2,389	3,397
	Central Call system			1,506	786
	Warden’s salary			3,960	4,680
				103,151	59,102

NOTE YEAR	S AND ACCOUNTING POLICIES - Continued ENDED 31 DECEMBER 2020
			2020	2019
			£	£
6	SUPPORT COSTS
	Telephone		978	1,157
	Insurance		2,321	2,259
	Sundries and subscriptions		1,349	2,094
	Agnt’c rnmmiccinn		3q50	3,960
	Clerk’s honorarium		4,333	4,667
	Independent examiners fees		1,920	1,920
			14,861	16,057
		Other	Governance costs	Total
		£	£	if
6	SUPPORT COSTS
	Support costs, included in the above
	are as follows:	8,608	6,253	14,861

		Freehold land	Freehold
		and buildings	ground rents	Total
		£	£	£
9	TANGIBLE FIXED ASSETS
	Costs
	At 1 January 2020	28,038	200	28,238
	At 31 December 2020	28,038	200	28,238
	Net book value
	At 31 December 2020	28,038	200	28,238
	At 31 December 2019	28,038	200	28,238

			Extraordinary
		General	Repair		Trust
		Fund	Fund		Fund		2020		2019
		£	£		£		£		£
10	FIXED ASSET INVESTMENTS
	Market value as at
	31 December 2019	72,242	134,940		433,628		640,810		554,401
	Additions at cost	-	-		54,579		54,579		89,795
	Disposals proceeds	-	-	(	60,877)	(	60,877)	(	91,609)
	Realised gains/losses
	on revaluation	-	-	(	5,384)	(	5,384)	(	2,017)
	Unrealised gains/losses
	on revaluation	6,550	13,246		1,817		21,613		90,240
	Market value as at
	31 December 2020	78,792	148,186		423,763		650,741		640,810
	Cost						400,982		410,874
	Represented by
	UK Equities						139,173		161,022
	UK Bonds						23,136		64,086
	Non-UK equities & structured products						325,203		266,626
	COIF Charities Investment Funds						163,229		149,076
							650,741		640,810
	Material investments
	(as a percentage of total portfolio)
	COIF Charities Investment Funds						25.08%		23.26%
							2020		2019
							£		£
11	DEBTORS —amountsfalling due
	within one year
	Debtors and prepayments						35,728		20,570
12	CREDITORS —amountsfalling due
	within one year
	Accrued expenses						9,453		7,533
							9,453		7,533

		Unrestricted	Unrestricted	Restricted	Restricted		2020		2019
			Funds		Fund		Total		Total
			£		£		£		£
13	ANALYSIS OF NET ASSETS BETWEEN FUNDS
	Fixed assets		-		28,138		28,138		28,238
	lnvestmpnts		276,97R	42,7S		9fl741		540
	Current assets	(	45,681)	106,430			60,749		64,361
	Current liabilities	(	9,453)		-	(	9,453)	(	7,533)
			171,844	558,331		730,175		725,876
				Net movement		Transfers
		At 1.1.20			in funds	between funds		At	31.12.20
			£		£		£		£
14	MOVEMENT IN FUNDS
	Unrestricted funds
	General fund		75,081	(	27,845)		-		47,236
	Extraordinary repair fund		88,897		35,711		-	124,608
			163,978		7,866		-	171,844
	Restricted fund
	Trust fund		561,898	(	3,567)		-	558,331
	Total funds		725,876		4,299		-	730,175
	Net movement in funds, included in the above		are as follows:
		Incoming		Resources		Gains and		Movement
		resources		expended			losses	in funds
			£		£		£		£
14	MOVEMENT IN FUNDS	- continued
	Unrestricted funds
	General fund		47,221	( 81,616)			6,550	(	27,845)
	Extraordinary repair fund			( 40,939)			76,650		35,711
			47,221	(122,555)			83,200		7,866
	Restricted fund
	Trust fund		-		-	(	3,567)	(	3,567)
	Total funds		47,221		(122,555)		79,633		4,299