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|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|||
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||||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|
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|||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|
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|||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|