Charity Commission
13 NOV 2025
Received
THE CHARLES LANE TRUST
REPORT AND ACCOUNTS
YEAR ENDED 31 DECEM8ER 2023
Reg15tered Chorlty No 216080
CONTENTS
Page
Legal and administrative Information
Report of the trustees
Report of the independent examiner
Statement of flnancial activities
Balance sheet
9- 14
Notes and accounting policies

THE CHARLES LANE TRUST
LEGAL AND ADMINISTRAnVE INFORMATION
Chgrity reg15trgtlon.'
216080
Trustees..
Sheila 14uckfield-Powell
Dr Marcus 8rain
Councillor Roger Harmer
Stephen Jackson
Susan Jackson
Penelope Wagg
Susan Weake
Chalr
Re9iStered office..
101 Haielwood Road, Acocks Green, Birmingham, B27 7XW
Independent exomlner..
Malcolm Willcox. FCCA
Chartered Certified Accountant
Hagley House, 93 Hagley Road, Edgbaston, Birmingham. B16 8LA
Bonkers..
HSBC Bank plc
22-24 Colmore Row, Bim)ingham, B3 2QD
Investment munuger
Brewin Dolphin Limited
9 Colmo¥e Row, Birrningham, 83 2BJ
Monoging ogent..
Carters, Chartered Surveyors
4 Albany Road, Harborne, Birmingham, B17 9JX

THE CHARLES LANETRUST
REPORTOFTHE TRUSTEES
The trustees present their report with the financial statements of the charity forthe year ended 31 December
2023. The trustees have adopted the provisions of Accounting and Reporting by Charities.. Statement of
Recommended Practi￿ applicable to charitles preparing thelr account5 in accordance with the Financial
Reporting Standard appllcable in the UK and Republic of Ireland IFRS1021.
Objettives and actlvities
Purposes and olms
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, Blrmingham.
After first defraylng the management costs of the charity. all of the charl￿S income Is to be applled as
follows..
To maintain an extraordinary repair fund for the repair, improvement or rebuilding of the almshouses
belonging to the charity.
To apply the charlty's remaining Income forthe benefit of the almspeople of the charity or any of them
in such manner as the trustees think fit from time to time.
Ensurlng our work delivers our aims
We review our aims, objertives and attivities 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 activity and
the benefits they have brought to those groups of people we are set up to help. The review also helps us to
ensure that our aims, objectives and a¢tivitie5 remain focused on our stated purpose.
We have referred to the Euidance contained in the Charity Commission's general Euidance on public benefft
when reviewing our aims and objectives and in planning future activities. In particular, the trustees consider
how planned activities will contribute to the aims and objective5 they have set.
Achievement and perfomiance
Chorituble Grtivltles
Durlng the year, the charitrfs investments produced a satisfactory level of income enabling the charity to
continue to meet its objertives and activities.
The trustees have also made regularvisits to the almshouse residents 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
REPORTOF THETRUSTEES
continued
Financial review
Investmentpollcy andobjertives
The charity needs to produce the best financi31 return WTthin an acceptable level of risk and any programme
related investments will be considered by the trustees separately rather than forming part of the investTnent
portFolio.
The charity's need for income is, to some extent, dictated by the wish to help maintain the operations
objects of the charity and so the investment objective is to generate an Income return of approximately 4%
per annum over the long term. In addltion, the trustees are looking for long-term real returns such that any
income increases at least in line wlth inflation along with the real value of the assets over the long term.
The trustees understand that in order to mitigate inflation risk this is likelyto mean that investment will partly
be in real assets, such as equities, and that in the short term capttal value of investments will fluctuate. The
trustee5 are able to tolerate volatility in the capital value of investments as long a5 the charity is able to meet
its short term commitTnents through accumulated income or liquid spendable capital assets.
The charl￿$ assets can be invested widely and should be diversified by asset class, geographical spread,
Investment manager and by sector and security. Asset classes that the trustee5 consider could be included
within the portfolio are cash, gilts, corporate bonds, equities, property, strurtured produtts, private equity,
commoditie5 and any other asset that is deemed to be sultable for the charity. Access to these asset classes
could be achieved directly or via collective investment vehicles such as investment trusts.
The trustees are charged with agreeing a suitable asset allocation strategy With a firm of independent
investment manager5 who have been delegated with the alm of achieving the chariws overall investment
oblectlves.
Liquidityrequlrements
The charity tends to utilise income from weekly maintenance payments from the ¢hariVs almshouse
residents and income received from tts investment portfolio. The trustees will retain the majority of any
excess income to the extent Tt 15 not invested as such to try and smooth any potsryears of investment returns.
To allow for volatility in income levels produced by the charitvs investment portfolio, the trustees wlsh to
maintain a year's worth of expenditure in cash and investments.
Time horizon
The charity is expected to exist in perpetuity and investments should be managed to meet the investment
objective.
Ethicol Conslderatlons
The charity's assets should be invested in line with its aim5. The trustees do not wish to adopt an exclusionary
policy, but individual investments may be excluded if perceived to conflict with the charity's purpose.
Trustees also acknowledge that some companies operate in areas that negatively affect the environment 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 positive contributions for community
involvement and equal opportunf(ies any may make positive contriljutions to the environment. These
positive aspects help counterart any such negative effects.

THE CHARLES LANE TRUST
REPORTOF THETrUSTEES - continued
Flnancial revlew contlnued
Reserves policy
It IS the policy of the trustees to malntain a level of reserves sufficient to ensure the continued operation of
the charitVs activities.
In particular, the trustees have agreed that an amount is to be held in the charity's extraordlnary repair fund
at the end of each year in order to malntain the charitvs almshouses and to meet any future unexpetted
repair c05t5.
The balano carried forward at 31 December 2023 in the charitvs e)rtraordinary repair fund is deemed to be
sufficient by the trustees.
Flnonclol reviTew
The statement of financial attlvities for the year ended 31 December 2023 shows incoming resourtes of
£52.38512022- £51,822) and resources expended of £92.80912022- £57,574).
The charity's investments during the year ended 31 December 2023 have generated realised and unreali5ed
gains totalling £36,62312022 losses- £52,4451 which the charitVs net fL¢nds decreased from £728,690 as at
31 December 2022 to £724,889 a5 at 31 December 2023.
Structure. 8overnance and management
Governlng document
The charity is èn unlncorporated charitygoverned by a scheme of the Charity Commission dated 6 December
1979.
Trustees
The power to appoint new trustees is Set out in the charity's governlng document.
The Board of Trustees shall consist, when complete, of nine members.. one ex-officio trustee, two nomlnative
trustees and sim co-optative trustees.
The ex-officio trustee shall be the Vlcar of the Ecclesiastical Parish of the Church of the Aseen5ion, Hall Green,
Birmingham.
The nominative trustees shall be appointed by Birmingham City Council.
The co-optativetrustees shall be persons whothrough residence, occupatron, employment or othe￿iSe have
special knowledge of the area of the Ancient Parish of Yardley.
All trustees give their time voluntarily and Yeceive no benefitsfrom the charity. Any expenses reclalmed from
the chartty are set out in the note5 to the financial statements.

THE CHARLES LANETRUST
REPORT OF THE TRUSTEES
continued
Strurturei governance and management ¢ontinued
OrgGnisrrti¢)nalstrurture
The trustees are disclosed on p3ge l under legal and administrative information.
All matters of pollcy, management and any other items as circumstances required are determined by the
trustees who meet several times a year.
Induttion and tminlng of new trustees
As part of their induttion programme new trustees are made aware of their responsibllities as trustees of
Thè Charles Lane Trust.
This indurtion includes an introduction to the objectives, scope and pollcles of the charity and Information
on trustee responsibilities together with a copy of the charitfs governing document.
Risk monogement
The trustees have a duty to identify and revlew the risks to which the charity is exposed.
Adequate insurance cover has been obtained by the charity in order to cover any potential losses.
Independent examiners
Malcolm H J Willcox FCCA, Chartered Certified Accountant, has expressed his willingness to contlnue in office
as the independent examiner.
On behalf 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 financlal statements of the charity for the year ended 31 December 2023 which are setout on pages
7tol3.
Respertlve respoftslblllties of trustees and examlner
The charity's trustees are responsible for the preparation of the financial statements. The charity's trustees
onsider that an audit is not required for thi5 year under section 144 of the Charitie5 Act 20111.the Charities Act")
and that an independent examinatlon is needed.
It is my responsibility to..
examine the financial statements under Section 145 gf the Charities Act-
to follow the procedures laSd down in the general Direction5 8iven by the Charity Commission (under *ctlon
14515llbl of the Charities Act. and
to state whether particular matters have come to my attentlon.
Independent examintrfs statement
I have completed my examination. I confirm that no material matters have come to my attention whith gives me
cause to belleve that in, any materièl respect:
the accountin8 records were not kept In accordance wlth section 130 of the Charltles Att. or
the financlal statements dSd not actord with the accountin8 records,. or
the financi81 statements did not comply with the applicable requirements concerning the form ènd content of
rinancial statements set out in the Charitie5 (Accounts and Reports) Regulations 2008 other than any
requiTement that the financial statements give a 'true and fairf view which is not a Thatter considered as part
of an independent examination.
I have no concerns and I have come across no othermatters Sn connection with the examination to which attention
should be drawn in thi5 report in order to enable a proper understanding of the financial st3tements to be reached.
MALCOLM H J WILLCOX FCCA
Ch(Jrtered CertifiedAccountant andSttstutoryAudAtor
Birmingham
3 Novernber 2025

THE CHARLES LANE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 DECEMBER 2023
Extraordinary
Reserve
Fund
2023
Total
2022
Total
Notes
General
Fund
Restricted
Fund
Incorne and endowments
Charltable activitie5'.
Residents, contributions
36.396
36,396
36,986
Investment incorne
15,989
15,989
14,836
52,385
52,385
51,822
Expendlture
Investment rnanagement costs
4.670
4,670
5,001
Charitable activitSes:
Direct costs
Suppoit cost5
46,039
13,258
28,842
74,881
13,258
36,637
15,936
63,967
28,842
92.809
57,574
Net expenditure
111,5821
128,8421
140,4241
1 5,7821
Reali5ed 6ains/llossesl
13,213
2.2811
10,932
111,2041
Unrealised galnslllosse51
1 6,2421
11,915
20,018
25,691
141,2411
Nèt Ideficitllsurplus
1 4,6111
116,9271
17.737
1 3,8011
158,1971
Transfer betweèn funds
4.718
1 4,7181
Total fund5 brought forward
155,879
127,537
445,274
728,690
786,887
Total funds carrled forward
155,986
110.610
458,293
724,889
728,690

THE CHARLES L4NE TRUST
BALANCE SHEET
31 DECEMBER 2023
2023
2022
Notes
FIXED A￿ETs
Tangible assets
Investments
28,138
668,729
28,138
653,494
io
696,867
681,632
CURRENT ASSETS
Debtors
Cash at bank
li
21,530
13,866
23,620
30,769
35,396
54,389
CREDITORS-fulling due within one yeur
12
17,3741
17.3311
NET CURRENT ASSETS
28,022
47.058
724,889
728,690
ACCUMULATED FUNDS
Uttrestricted funds
Restrlcted funds
14
14
266,596
458,293
283,416
445,274
724,889
728.690
Approved ond signed on beholf of the Bourd on 3 November2025 by
SHEILA HUCKFIELD-POWELL
Chair

THE CHARLES LANE TRUST
NOTES AND ACCOUNTING POIICIES
YEAR ENDED 310ECEMBER 2023
ACCOUNTING POLICIES
Bas15 01 preparlng the financial slalements
The charity constitute5 a public benefit entity as defined by FRS102. The financial statements have been
prepared in accordance wtth Accounting and Reporting by Charltles= Ststement of Recornmended Practice
applicable to charltles preparing their accoujts in accordance with the Fi￿ncl21 Reporting Standard
appllcable ITr the UK and Republic of Ireland issued in October 2019, the Flnancial Reporting Standard
appllcable inthe United Kingdorn and RepublK of Ireland IFRS1021. the Charities Act 2011, and UK Generally
Accepted Accovnting Practice.
The flnancial statements have been pre￿red under the hlstorfcal cost conventlon with the excepflon of
Investments which are included at market value.
Income
All incorne 15 recOgn￿ed in the Statemerrt of Flnanclal Activrties once the charity has entitlement to the
funds, it Is probable that the irKoTne will be received, at)d the amount can be measured reliably.
Expendlture
Liabillties are recDgnlsed ès eKpendltLsre as soon 8S there 15 a legal or constructlve obllgatlon cornmltlln8
the charity to that expendlture. it is probable th3t a transfer ol e¢onomi£ benefits will be ￿qUIred in
Settlement and the amount of the obligation can be measured reliably. Expenditure 15 ac£ounted foron an
accruals ￿54sand has been classified undèr hÈadingsthat aggregate311 c05t related to the category. Where
costs cannot be directly attributed to particubr headlngs they have been all(xated to activities on a basi5
consistent with the use of resour&s.
Goln8 concern
The finaftcial statÈmÈnts have been prepared on a going concern basis as the trustees believe that no
material uncertainties exist.
Tanglble Ilxed assets
Dep￿CIatIOn Is provided at the following annual rates in orde¥ to write off each a55et over tts estlmated
useful life.
Freehokj land and buildlngs
Freehold ground ￿nts
Freehold land and buildings and freehold Eround ￿nts have not been depreciated because the trustees
belleve the resldual v31ue of freehold land and bullding5 and freehold ground rents will be at lea¢eoual to
costs.
Taxatlon
The charity is exempt from tax on its charitable attivltles. The ch8rity Is also not reglstered for %￿lue added
tsx IVATI and. In these flnanc131 statements, where appllcable, expenditure Is shown inclusive of VAT.
Fund OCCOU￿b￿8
Unrestrictedfundscan be used in accordancewiththe charitable objectlvesatthediscretlon of thetrustees.
Restricted fund5 cèn only be used for partlcular restrirted purpose5 Wlthin the objects of the charity-
RestrictlQll5 arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each hjnd is included in the notes to the financial
statements.

THE CHARLES iANE TRUST
NOTES AND ACCOUNTING POLICIES Continued
YEAR ENDED 31 DECEMBER 2023
ACCOUNTING POLICIES - Continued
Investments
Investments are stated at market value at the balance sheet date. The statement of fiftant131
activities includes the net gains and losses on revaluatlons and disposals throughout the year.
Routlne malntenan¢e
The charlty has establlshed a regular PTogramme of ¢y¢lical repairs and maintenance. Costs are
charged to the staternent of financial activities in the year in which they are Inturred.
Unrestricted
Funds
Restrirted
Funds
Total
2022
INVESTMENT INCOME
Fixed 35set investments
15,989
15,989
14,836
RAISING FUNDS
Investment management costs
4,670
4,670
S,￿)1
Oirect Costs
Support Costs
Total
CHARITABLE ACTIVITIES COSTS
Direct costs
Support costs
74,881
74,881
13,258
13,258
74,881
13,258
88,139
2023
2022
DIRECT COSTS OF CHARITABLE ACTIVITIES
Repairs, maintenance and gardening
Refurbishment expense5
Council tax
Gas and electricity
Water rates
Warden'5 salary
21,766
28,842
1,154
14,723
2,636
5,760
13,135
16,410
2,772
4,320
74.881
36.637
io

THE CHARLE5 LANE TRUST
NOTES AND ACCOUNTING POLICIES Continued
YEAR ENDED 31 DECEMBER 2023
2023
2022
SUPPORTCOSTS
Telephone
Insurance
Sundrles and subscriptions
Agent's commission
Clerk's honorailum
Independent examlners fees
1,095
4,003
1,253
4,440
667
1,800
968
3,153
482
4,200
5,333
13,258
15,936
Other
Governan£e costs
Total
Support C05t5, included in the above
are as follow5:
10,791
2,467
13,258
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 December 202312022-
TRUSTEES, EXPENSES
There were no trustÈes' èxpenses for the year ended 31 December 202312022- £Nill.
STAFF COSTS
No employees were paid over £60,000 during the year ended 31 December 202312022- None).
Freehold land
Freehold
and buildings ground rents
Total
TANGIBLE FIXED ASSETS
Cost
At l January 2023
28,038
loo
28,138
At 31 December 2023
28,038
100
28,138
Net book value
At 31 December 2023
28,038
100
28,138
At 31 December 2022
28,038
IOD
28,138
li

THE CHARLES LANE TRUST
NOTES AND ACCOUNTING POLICIES - Continued
YEAR ENDED 31 DECEMBER 2023
Extraordinary
Repair
Fund
General
Fund
Trust
Fund
2023
2022
io
FIXED ASSET INVESTMENTS
Market value as at
31 December 2022
Additions at C05t
Disposals proceeds
Realised gainsllosses
on revaluation
Unreali5ed gains￿o55eS
on revaluation
72,985
11.788
128,8001
166,318
414,191
55,730
160,1061
653,494
67.518
188,9061
715,169
42.442
151,6721
13,213
1 2,2811
10,932
111,2041
1 6,2421
11.915
20,018
25,691
141,2411
Market value as at
31 December 2023
62,944
178,233
427,552
668,729
653.494
Cost
402,210
411,818
Represented by
UK Equities
UK Bond5
Non-UK equities & structured products
COIF Charities Investment Funds
83,831
55,885
334.173
194,840
114.236
27,536
329,684
182,038
668,729
653,494
Materlal Investments
la5 a percentage of total porEfoliol
COIF Charities Investment Funds
Van8uard US Equity Fund
29.rA)%
6.20%
27.86%
2023
2022
li
DEBTORS- tsmountsfvlling due
within one year
Debtors
21,530
23,620
12
CREDITORS- omotsntsfolllng due
within one year
Accrued expenses
7.374
7,331
12

THE CHARLES LANE TRUST
NOTES AND ACCOUNTING POLICIES - Continued
YEAR ENDED 31 DECEMBER 2023
Unrestricted
Fund5
Restricted
Fund
2023
Total
2022
Total
13
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Fixed a55ets
Investments
Current assets
Current liabilities
28.138
427,552
2.603
28,138
668,729
35,396
1 7,3741
28,138
653,494
54,389
1 7,3311
241,177
32,793
7,3741
266.596
458,293
724,889
728,69
Net movement
n funds
Transfers
between funds At 31.12.23
At 1.1.23
14
MOVEMENT IN FUNDS
Unrestrlcted funds
General fund
Extraordinary repair fund
155,879
127,537
1 4,6111
116,9271
4,718
155,986
110.610
283,416
121,5381
4,718
266,596
Restrlcted fund
Trust fund
445,274
17,737
1 4,7181
458,293
Total fvnds
728,690
1 3,8011
724,889
Net movement in funds. included in the above are as follows..
Incoming
resources
Resources
expended
Galns and Movement
105ses
in funds
14
MOVÉMENT IN FUNDS
continued
Unrestrlcted fund5
General fund
Extraordinary repair fund
52,385
163,9671
128,8421
6,971
11,915
4,6111
116,9271
52,385
192,8091
18,886
121,5381
Restricted fund
Trust fund
17,737
17,737
Total funds
52,385
192,8091
36,623
1 3.801
13

THE CHARLES LANE TRUST
NOTES AND ACCOUNTING POLICIES - Contlnued
YEAR ENDED 31 DECEMBER 2023
15
DESCRIPTION OF FUNDS
Unrestricted- General fund
The General fund represents the free funds of the charity that are not designated for particular purposes.
Unrestricted- Extraord5nary Repair fund
The Extraordinary Repair fund Is a deslgnated fund which allows the charity to maintain its almshouses
and to meet unexpected almshouse repair expenditure in the future. The balance held as at 31 December
2023 is deemed by the trustees to be sufficient.
Restrlcted-Tru# fund
The Trust fvnd is a restricted fund consisting of freehold property and Investments to generate additional
fund5 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 2023.
17
ULTIMATE CONTROLLING PARTY
The charity 15 controlled by the board of trustee5.
14