THE CHARLES LANE TRUST
REPORT AND ACCOUNTS
YEAR ENDED31 DECEMBER 2022
Re9lStered Churtty No 216080
CONTENTS
Page
Legal and administrative information
Report of the trustees
Report of the Independent examTner
Statement of financial activities
Balance shèet
9- 14
Notes and accounting policies
Charity Coimmission
13 NOV 2025
Received

THE CHARLES LANE TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Churity reglstratlon..
216080
Tru5tees.'
Sheila Huckfield-Powell
Dr Marcus Brain
Councillor Roger Harmer
Stephen Jackson
Susan Jack50n
Penelope Wagg
Susan Weake
ChaFr
Registered office..
101 Hazelwood Road, Acocks Green, Birmlngham, 827 7XW
Independent Èxominer..
Malcolm Willcox, FCCA
Chartered Certified Accountant
Hagley House, 93 Hagley Road, Edgbaston, Birmingham, B16 8LA
Bonkers..
HSBC Bank plc
22-24 Colmc>re Row, 8irrningham, B3 2QD
Investmentmanuq¢r.'
Brewin Dolphin Limited
g Colmore Row, Birrnin8ham, B3 2BJ
Monaqin9 qgent..
Carters, Chartered Surveyors
4 Albany Road, Harborne, Birmingham, B17 9JX

THE CHARLES LANE TRUST
REPORTOF THETRUSTEES
The trustees preserittheir report with the financial statement5 of the charity for the year ended 31 December
2022. The tru5tee5 have adopted the provisions of Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their account5 in accordance with the Financlal
ReportinE Standard applicable in the UK and Republic of Ireland IFRS1021.
Objertlves and artlvltles
P￿ry￿Se5 anduims
The Charles Lane Trust is established to provide accommodation for elderly people residing in almshouses
owned by the charity located in Fox Hollies Road, Acocks Green, Birmingham.
After first defraying the management costs of the charrty, all of the charity's income is to be applied as
follows:
To maintain an extraordinary repair fund for the repair, Improvement or rebulldlng of the almshouses
belonglng to the charlty.
To applythe charitvs remaining income for the benefit of the almspeople of the charity or any of them
in such manner as the trustees think fit from time to tlme.
Ensuring our work delivers ouraims
We review our aims, objectives and activities each year. This review looks at what we achieved and the
outcome5 of our work in the previous 12 months. The review looks at the success of each key artivity and
the benefits they have brought to those groups of people we are set up to help. The review also helps us to
ensLtre that our aims, objectives and activities remain focused on Dur stated purpose.
We have referred to the guidance contained in the Charity Commission's general guidance on public benefit
when reviewing our alms and objectives and in planning future activtties. In particular, the trustees conslder
how planned attivities will tontribute to the aims and objectives they have set.
Achievement and perfomiance
Charitable ortivities
During the year, the charitvs investments produced a satisfactory level of income enabling the charity to
continue to meet its objectives and attivities.
The trustees have also made regular visitsto the almshouse resiilents in a pastoral capacity and have received
feedback on how to improve the service provided by the charity.
Furthermore, the trustees of the charity have met on a regular basis throughout the year and have received
and accepted reports from the clerk and from the warden.

THE CHARLES LANE TRUST
REPORT OF THE TRUSTEES - continued
Finan¢lal review
Investmentpolicy and objertive5
The charrty needs to produce the best financial return within an acceptable level of risk and any progromme
related investments will be considered by the trustees separately rather than forming part of the investment
portfolio.
The charSWs need for income is, to some extent, dittated by the wlsh to help maintain the operations and
objects of the charity and so the investment objective is to generate an income return of approximately 4%
per annum over the long temi. In addition, the trustees are looking for long-terrn real returns such that any
ineome increases at least in line with inflation along with the real value of the assets over the long term.
The trustees understand that in orderto mitigate inflation risk this is likely to mean that investment will partly
be in real assets, such a5 equities. and that in the short term capital value of investments will fluctuate. The
trustees are able to tolerate volatility in the capital value of investments as long as the charity is able to meet
its short term commitments through accumulated Income or liquid spendable capital a55ets.
The charltvs assets can be invested widely and should be diversified by asset class, geographical spread,
investment manager anil by sector and security. Asset classes that the trustees consider coulil be included
within the portfolio are cash, Eilts, corporate bonds, equities, property, structured products. private equity,
commodlties and any other asset that is deemed to be suitable for the charity- Access to these asset classes
could be achieved directly or via collertive investment vehicles such a5 investment trusts.
The trustees are charged with agreeing a surtable asset allocation strategy with a firm of independent
Investment managers who have been delegated with the aim of achieving the charitvs overall investment
objectives.
Llquldlty requirements
The charity tend5 to utilise income from weekly maintenance payment5 from the charitvs almshouse
residents and income received from it5 investment portfolio. The trustees will retain the majority of any
exce55 income to the extent it is not Invested as such to try and Smooth any poor years of investment return5.
To allow for volatility in income levels produced by the tharity's investment portfolio, Ihe trustee5 wish to
malntain a yearfs worth of expenditure in cash and investments.
Tlme horlzon
The charity is expected to eKi5t in perpetuity and investments should be managed to meet the investment
objective.
Ethical Considerotlons
The charity's assets should be invested in line with its aims. The trustees do not wlsh to adopt an exclusionary
polity, but individual investments may be excluded if perceived to conftict wlth the charity's purpose.
Trustees also acknowledge that some companies operate In areas that negatively affect the enviroriment In
various ways or in areas where human rights are not observed. However, in the majority of cases, the trustees
acknowledge that most major listed companies will also have made p051tive contributions for community
involvement and equal opportunities any may make positive contributions to the environment. These
positive aspects help counteract any such negative effects.

THE CHARLES LANE TRUST
REPORT OF THE TRUSTEES
continued
Flnan¢lal review - continued
Reserves policy
It is the policy of the trustees to maintain a level of reserves sufficient to ensure the continued operation of
the charwtvs activities.
In particular, the trustees have agreed that an amount 15 to be held in the charit￿5 extraordlnary repair fund
at the end of each year in order to maintain the charity's almshouses and to meet any future unexpected
repair costs.
The balance carried forward at 31 December 2022 in the charlty's extraordinary repalr fund Is deemed to be
suff5cient by the trustees.
Flnanclal review
The statement of financial activities for the year ended 31 December 2022 shows incoming resources of
£51,82212021- £49,5751 and resources expended of £57,57412021- £59,2701-
The charity's investments during the year ended 31 Deeember 2022 have generated realised and unrealised
losse5 totalling £52,44512021 gains- £66.4071 which the charity'5 net funds decreased from £786,887 as at
31 December 2021 to £728.690 as at 31 December 2022.
Structure, governance and management
Governing document
The charity is an unincorporated charity governed by a scheme of the Charity Commission dated 6 December
1979.
Trustees
The power to appoint new trustees Is set out In the charit¢s governing document.
The Board of Trustees shall consist, when complete, of nine members- one ex-offlcio trustee, two nomlnative
trustees and six co-optative trustees.
The ex-officio trustee shall be the Vicar of the Ecclesiastical Parish of the Church of the Ascension, Hall Green,
Birmingham.
The nominative trustees shall be appolnted by Birmlngham City Council.
The co-optative trustees shall be persons who through residence, occupation. employment or otherwlse have
special knowledge of the area of the Ancient Parlsh of Yardley.
All trustees give theirtime voluntarily and receive no benefit5 from the chaTlty. Any expenses reclaimed from
the charity are set out in the notes to the financial statements.

THE CHARLES tANE TRUST
REPORT OF THE TRUSTEES
continued
Structurei governance and management
continued
Orgonis)tionol strurture
The trustee5 are disclosed on page l under legal and administrative informatlon.
All matters of policy. management and any other Items as clrcumstances required are dètermined by the
trustees who meet several times a year.
Indurtion and training oAnew trustees
As part of their induction programme new trustees are made aware of their responsibilities as trustees of
The Charle5 Lane Trust.
This induction includes an introdurtion to the objectives, scope and policles of the charity and information
on trustee responsibilities together with 2 copy of the charity's governing dotLtment.
Rlsk monogement
The trustee5 have a duty to identlfy and revlew the risks to which the charlty is exposed.
Independent emamlners
Malcolm H J Willcox FCCA, Chartered Certified Accountant, has expressed his willingness to continue In office
as the independent examiner.
On beha5f of the Board
SHEILA HUCKFIELD-POWELL
Chair
3 November 2025

INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE CHARLES LANE TRUST
I report on the financial statements of the charity forthe year ended 31 December 2022 whlch are set out on pages
7tol4.
Respectlve responsibllltles o* trustees and examiner
The charity's trustee5 are responsible for the preparation of the financlal statements. The charity's trustees
consider that an audit is not requlred for thls year undei section 144 of the Charities Act 20111.the Charities ACVI
and that an independent examination is needed.
It Is my responsiblllty to..
examine the financial statements under section 145 of the Charities Art;
to follow the procedures laid down In the general Directions given by the Charity Commission (under section
14515llbl of the Charities Act- and
to state whether particular rnatters have come to my attention.
Independent examlner's Statement
I have completed my examination. I confirm that no material matter5 have come to rny attention which 8ive5 rne
cause to believe that in, any material respect..
the atcounting records were not kept in accordance with section 130 of the Charities Att- or
the financial statements did not accord with the accounting records,. OT
the financial statements did not comply wlth the applicable requirements concerning the form and content of
finaneièl statements set out in the Charities IAccounts and Reports) Regulations 2008 other than any
requliement that the financTal statements give a 'true and fairf view which is not a matter considered as part
tsf an independent eyamination.
I have no Concerns and I have come across no other matters in connectlon with the examinatlon to whlch attention
should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
MALCOLM H J WILLCOX FCCA
Chartered CertifJedAccountJnt and 5totutoryAuditor
Birmingham
3 November 2025

THE CHARLES LANE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 DECEMBER 2022
Extraordinary
Reserve
Fund
2022
Tr&tsl
2021
Total
Notes
General
Fund
Restrltted
Fund
Incom• and endowments
Charitable activities..
Residents, contributions
36,986
36,986
36.269
Investment income
14,836
14,836
13,306
51,822
51.822
49.575
Expendlture
Investment mana8ement costs
5.001
5,001
4.968
Charitable 8ctlvities'.
Direct cost5
Supportcosts
36,637
15,936
36,637
15,936
39,564
14,738
57,574
57,574
59,270
Net expenditure
1 5,7521
15,7521
19,6951
Reallsed 8alns/llossesl
1 1,8541
9,3501
111.2041
1,137
Unrealised gains/llossesl
1 6,6781
5,651
140.2141
141,2411
65,270
Net Ideficitllsurplus
114,2841
5,651
149,5641 158,1971
56,712
Transfer between funds
51,110
151,1101
Net movement in funds
36,826
5,651
1100,6741
158,1971
56,712
Total funds brought forward
119,053
121,886
545.948
786,887
730.175
Total funds carrSed forward
155,879
127,537
445,274
728,690
786,887

THE CHARLES LANE TRUST
BALANCE SHEET
31 DECEMBER 2022
2022
2021
Notes
FIXED ASSETS
Tangible assets
Investments
28.138
653,494
28,138
715,169
io
681,632
743,307
CURRENT ASSETS
Debtors
Cash at bank
li
23,620
30,769
19.745
35,208
54,389
54,953
CREDITORS-ft711ing due within one year
12
17.3311
111.3731
NETCURRENT ASSETS
47,058
43.580
728.690
786,887
ACCUMULATED FUNDS
Unrestrlcted funds
Restricted funds
14
14
283,416
445.274
240.939
545,948
728,690
786,887
Approved ttndsigned on behtilf of the Boord on 3 November2025 by
SHEILA HUCKFIELD-POWELL
Chair

THE CHARLES LANE TRUST
NOTES AND ACCOUNMNG POLICIES
YEAR ENDED 31 DECEMBER 2022
ACCOUNTING POLICIE5
Basis of preparlngthe flrtanclal statements
The charity consritutes a public beneffc entity as defined by FR5102. The flnancial statements have been
prepared In 8ccordance with AccountlnE and Reporting by Chariries.. Statement of Recommended Prattice
applicable to charifies preparing thelr accounts in accordance wlth the Financial Reporting Standard
applicable in the UK and Republic of Ireland issued in October 2019. the Financial Report%n8 Standard
applic8b1e inthe United Kingdom and Republic of Ireland IFR51021. the(har￿leS Act 2011, aT￿ UK Generally
Accepted Accountlng Practice.
The flnancial statements have been prepared under the hlstorlcal cost conventlon with the exception of
investrnents which are Sncluded at market value.
Ibl
Income
All Sncome is reCOgn￿ed In the Statement of Flnanclal Actlvlties once the charity has entttlement to the
fund5, It is probable that the income will be re￿iVed, and the amountcan be measured reliably.
E¥penditure
L*abilitie5 are reeognlsed as expendlture a5 500n as there is a legal or constructlve obllgatlon commlttlng
the charity to that expenditure, it Is probable that a transfer of e¢on¢mic beneflts will be required in
settlement and the amountof the obligation can be measured reliably. Expenditurè is accounted for on an
accruals basis and has been cla55ified under headingsthat èggregate a11 cost relatedioihe category. Where
costs cannot be di¥ectly attributed to particular headlngs they have been allocated to attivltles on a basls
consistent wlth the use of resources.
Going concern
The financial statements have been prepared on a going concern basis as the trustees believe that no
material Un￿rta]ntIeS exlst.
Tar¥lblefixed a$S￿S
Depieciation is provided at the following annual rates in order to write off each asset over Its estimated
useful life.
Freehold13nd and buildlngs
Freehold 8round rents
Freehold L3nd and buildings and freehold grovod rents have not been depreciated because the twstees
believe the ￿sId￿81 valtse of freehold land and buildlngs and freehold ground rents will be at least equal to
costs.
Taxatkjn
The charity s exempt from tsK on it5charitable activtties. The charity is 81so not reElSte¥ed forvalue added
tax IVATI and, Sn t￿se flnancial statements. where applkable, expendlture Is shown Incluswe ol VAT.
Fund ar￿untIng
Unrestricted fundscan be used inaccordancewiththe charitable oblecrives8tthedlscretion ofthetrustees.
Restricted funds can only be used for partlcular restricted purposes within the objetts of the charlty.
ReStrIc￿onS arise when specified by the donor or when fund5 are raised for particu18r resrrSrted purposes.
Further explanath)n of the llatU￿ and purpose of each *und is included in the notes ts the f]nanclal
ststements.

THE CHARLES LANE TRUST
NOTES AND ACCOUNTING POLICIES Continued
YEAR ENDED 31 DECEMBER 2022
ACCOUNnNG POLICIES - Continued
Investments
Investments are stated at market value at the balance sheet date. The statement of fsnancl81
activSties includes the net gains and losses on revaluation5 and disposa15 thrtsughout the year.
Routlne malntenance
The charity has established a regular programme of cycllcal repairs and maintenance. Costs are
charged to the statement of financial activitles in the year In whith they are inCur￿d.
Unrestricted
Funds
Restrlcted
Fund5
Total
2021
INVESTMENT INCOME
Fixed asset investments
14.836
14,836
13.306
RAISING FUNDS
Investment managernent Costs
5,001
5,001
4,968
Dlrect Costs Support Costs
Total
CHARITABLE ACTIVITIES COST5
Direct costs
Support costs
36,637
36,637
15,936
15,936
36,637
15.936
52,573
2022
2021
DIREcf COSTS OF CHARITABLE ACTIVITIES
Repairs. malntenance and gardening
Refurbishment expenses
G3s and electricity
Water rates
Warden's salary
13,135
11,986
15.203
6,392
1,303
4,680
16,410
2.772
4.320
36,637
39,564
io

THE CHARLES LANE TRUST
NOTES AND ACCOUNTING POLICIES Continued
YEAR ENDED 31 DECEMBER 2022
2022
2021
SUPPORTCOSTS
Telephone
Insurancè
Sundries and subscriptions
Agent's commi5510n
Clerk's hono¥arSum
Independent examiners fees
968
3,153
482
4,200
5,333
1,8(x)
678
2,653
1,527
3,960
4,(KlO
1.920
15,936
14,738
Other
Governance cost5
Total
Support tosts, included In the above
are as follows..
8,803
7,133
15,936
TRu>fEEY REMUNERATION AND BENEFITS
There were no trustee5' remuneration or other benefits for the year ended 310ecember 202212021-
£Nill.
TRUSTEES, EXPENSES
There werè no trustees, expenses for the year ended 31 December 202212021- £Nill.
STAFF COSTS
No employees were paid over £60,000 during the year ended 31 Decernber 202212021- None).
Freehold land
Freehold
and buildin85 ground rents
Total
TANGIBLE FIXED ASSETS
Cost
At l January 2022
28,038
loo
28,138
At 31 December 2022
28,038
Irx)
28.138
Net book value
At 31 December 2022
28.038
28,138
At 31 December 2021
28,038
loo
28,138
li

THE CHARLES LANE TRUST
NOTES AND ACCOUNTING POLICIES Continued
YEAR ENDED 31 DECEMBER 2022
Extraordinary
Repair
Fund
General
Fund
Trust
Fund
2022
2021
io
FIXED ASSET INVESTMENTS
Market value as at
31 December 2021
Additions at ctsst
Disposals proceeds
Realised Bains/losses
on revaluation
Unrealised gaSnsllosses
on revaluation
90,081
4.799
113,3631
160,667
464,421
37.643
138.3091
715.169
42,442
151,6721
650,741
15.000
116.9791
1 1,8541
1 9,3501
111.2041
1,137
1 6,6781
5,651
140,2141
141,2411
65,270
Market value as at
31 Detember 2022
72,985
166,318
414,191
653,494
715,169
Cost
411.818
406,899
Represented by
LIK Equities
UK Bonds
Non-UK equitie5 & strurtured products
COIF Charitie5 Investment Funds
114.236
27,536
329,684
182,038
139,555
22,156
376,709
176.749
653,494
715,169
Material Investments
las a peicentage of totsl portfolio)
COIF Charities Investment Funds
27.86%
24.71%
2022
2021
li
DEBTORS- amountsfvlling due
within one yeor
Debtors
23,620
19,745
12
CREDITORS- ornountsfulllng due
within one yeor
Accrued expenses
7,331
11,373
7,331
11,373
12

THE CHARLES LANE TRUST
NOTES AND ACCOUNTING POLICIES - Contlnued
YEAR ENDED 31 DECEMBER 2022
Unrestricted
Funds
Restricted
Fund
2022
Total
2021
Total
13
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Fixed as5et5
Inve5trnents
Current 855ets
Current liabilitlE5
28,138
414,191
2,945
28,138
653,494
54.389
1 7,3311
28,138
715.169
54.953
111,3731
239,303
51,444
1 7.3311
283,416
445,274
728,690
786.887
Net movement Transfers
in funds
between funds At 31.12.22
At 1.1.22
14
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Extraordinary repair fund
119,053
121,886
114.2841
5,561
51,110
155,879
127,537
240,939
1 8,6331
283,416
Restrlcted fund
Trust fund
545,948
149.5641
151,1101
445,274
Total funds
786,887
158,1971
728,690
Net movement in funds, included in the abgve are as follows..
Incoming
resources
Resources
expended
Gains and
losses
Movement
in funds
14
MOVEMENT IN FUNDS
continued
Un￿StrICted funds
General fund
Extraordinary repalr fund
51.822
157,5741
8.5321
5.651
114.2841
5,651
51,882
157.5741
1 2,8811
1 8,6331
Rèstrleted fund
Trust fund
149,5641
149.5641
Total funds
51,822
157,5741
152,4451
158,1971
13

THE CHARLES LANE TRUST
NOTES AND ACCOUNTING POLICIES - Continued
YEAR ENDED 31 DECEMBER 2022
15
DESCRIPTION OF FUNDS
Unrestrictèd- General fund
The General fund represents the free funds of the charity that are not designated for particular purposes.
Unrestrlrted- E￿raOrdInary Repalr fund
The Extraordinary RepaiT fund Is a designated fund which allows the charity to malntain Its almshouses
and to meet unexpected almshouse repair expenditure in the future. The balance held as at 31 December
2022 is deemed by the trustees to be sufficient.
Restricted-Trust fund
The Tfustfund is a restrlcted fund con515tin8 of freehold property and investments to generate additional
funds for the charity to enable it to continue to pursue its objectives.
16
RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2022.
17
ULTIMATE CONTROLLING PARTY
The charity 15 controlled by the board of trustees.
14