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2021-12-31-accounts

Cited Trustees Cited Trustees Mr C R Mason (Chairman) Mr C R Mason (Chairman)
Mr TR Brown
Mr SHatton
Mrs J Marshall
Dr P A Thurley
Mrs AWhite
Mr TMorris (appointed May 2021)
Mr P Beddoes
Mrs R McCarthy
Mr D Hanson (Resigned Jan 2022)
Nominated Trustees Cllr M A Grainger
Cllr N Butler
Ex-ofgcio Trustee Mayor ofTown ofWarwick —Cllr Richard Edgington (Appointed May 2021)
Cllr TMorris (Resigned May 2021)
Charity number 216829
Joint clerks tothe Mr C E R Houghton
Charity Mr J 8Williams
Principal address C/0 Moore &Tibbits Solicitors Moore &Tibbits
34 High Street 34 High Street
Warwick Warwick
Warwickshire CV34 4BE
CV34 4BE
Investment Advisors Quilter Cheviot Bankers Lloyds TSBBank pic
Provincial
House		 10—12Swan Street
37New Walk Warwick
Leicester CV34 4BT
LE1GTU
CCLA Fund Managers Limited Auditor Burais &Bullock
Senator House 23-25Waterloo Place
85 Queen Victoria Street Warwick Street
London Leamington Spa
EC4V 4ET Warwickshire
CV32 SLA

Page
Trustees'report 1-8
Independent auditor's report 9-12
Statement of financial activities 13-16
Balance sheet
Statement
of		 cash flows 1B
Notes to the financialstatements 19-39

Unrestricted Designated Restricted Endowment Total Total
funds funds funds funds
2021 2021 2021 2021 2021 2020
Notes E E E E E
Income from:
Donations
and Grants
received 3 40,030 40,030 31,075
Charitable
activities
Almshouses
Income		 4 64,066 64,066 67,575
Oken's Feast 4 4,668
Other trading activities 5 6,720,560
Investment
income		 6 252,456 252,456 130,675
Total income 356,552 356,552 6,954,553
~Edit
Charitable
activities
and Fundraisin costs
Almshouses
management 7 29,652 7,883 16,666 54,201 50,690
Oken's House repairs 7 20,521 20,521
Other trading activities 7 480,576 480,576 2,301,631
Grants payable 8 148,594 148,594 115,507
Total charitable expenditure 679,343 7,883 16,666 703,892 2,467,828
Governance
and
Administration 9 43,781 14,774 58,555 62,805
Total resources
expended 723,124 7,883 31,440 762,447 2,530,633
Net
income/expenditure
forthe year (366,572) (7,883) (31,440) (405,895) 4,423,920
Net gains/(losses) on
investments 11 37790 8374 2058 1058992 1107214 291831
Net
incoming/(outgoing)
resources before
transfers (328,782) 491 2,058 1,027,552 701,319 4,715,751

Unrestricted Designated Restricted Endowment Total Total
funds funds funds funds
2021 2021 2021 2021 2021 2020
Notes f f f f f f
Gross transfers
between funds (6,296,067) 120,923 (124,212) 6,299,356
Net movement in funds (6,624,849) 121,414 (122,154) 7,326,908 701,319 4,715,751
Fund balances at 1
January 2021 7,218,712 27,844 122,154 3,696,949 11,065,659 6,349,908
Fund balances at 31
December 2021 593,863 149,258 11,023,857 11,766,978 11,065,659

Prior Year Unrestricted Designated Restricted Endowment Total Total
funds funds funds funds
2020 2020 2020 2020 2020 2019
Notes E E E E E
Income from:
Donations
and		 Grants
received
ttht
bl		 d' ttt 3 31,075 31,075 30,050
Almshouses income 4 67,575 67,575 63,454
Olden's Feast 4 4,668 4,668 3,962
Other trading activities 5 6,720,560 6,720,560 2,340,218
Investment
income		 6 130,675 130,675 59,505
Total income 6,954,553 6,954,553 2,497,189
~ddtt
Charitable
activities
Almshouses
management 7 34,023 16,667 50,690 62,148
Other trading activities 7 2,301,631 2,301,631
Grants payable 8 115,507 115,507 214,559
Total charitable expenditure 2,451,161 16,667 2,467,828 276,707
Governance and
Administration 9 51,491 11,314 62,805 57,718
Total resources
expended 2,502,652 27,981 2,530,633 334,425
Net gains/(losses) on
investments 11 261,051 (1,997) (3,332) 36,109 291,831 178,533
Net
incoming/(outgoing)
resources before
transfers 4,712,952 (1,997) (3,332) 8,128 4,715,751 2,341,297

Unrestricted Designated Restricted Endowment Total Total
funds funds funds funds
2020 2020 2020 2020 2020 2019
Notes E E E E E
Gross transfers
between
funds		 (132,461) 1,100 131,361
Net movement in funds 4,580,491 (1,997) (2,232) 139,489 4,715,751 2,341,297
Restated fund
balances at 1)anuary
2020 2,638,221 29,841 124,386 3,557,460 6,349,908 4,008,611
Fund balances at31
December 2020 7,218,712 27,844 122,154 3,696,949 11,065,659 6,349,908

Group Group Charity
2021 2020 2021 2020
Notes f f f f
Fixed assets
Tangible assets 12 1,183,333 1,199,999 1,183,333 1,199,999
Investment
property		 13 350,000 350,000 350,000 350,000
Investments 14 10,028,285 6,976,922 10,028,286 6,976,922
11,561,618 8,526,921 11,561,619 8,526,921
Current assets
Oebtors 16 516,953 2,414,349 52,372 944,886
Cash at bank and in hand 227,177 476,406 209,186 170,311
744,130 2,890,755 261,558 1,115,197
Creditors: amounts falling due
within one year 17 (538,770) (352,017) (54,293) (54,213)
Net current assets/(liabilities) 205,360 2,538,738 207,265 1,060,984
Net assets 11,766,978 11,065,659 11,768,884 9,587,905
Capital funds
Endowment
funds		 19 11,023,857 3,696,949 11,023,857 3,696,949
Income funds
Unrestricted
funds
Designated
funds		 18 149,258 27,844 149,258 27,844
General unrestricted funds 21 593,863 7,218,712 595,769 5,740,958
Restricted
fund		 20 122,154 122,154
11,766,978 11,065,659 11,768,884 9,587,905
The financial statements were approved by the Tr te
n,2S....Z4kg Zc:I2~
Mr CMason (Chairman) rTBrown
Trustee Trustee

2021 2020
Notes
Cash flows from general activities
Cash generated
from operations		 23
1,442,465 2,477,563
Investing
activities
Purchase of investments (2,982,266) (3,886,203)
Proceeds on sale of investments 908,797 402,109
Purchase oftangible
fixed		 assets
Investment
income		 252,456 130,675
Net cash used in investing (378,548) (3,353,419)
Financing activities
Net cash generated
from/(used
in) flnancing
activities
Net decrease in cash and cash (378,548) (875,856)
Cash and cash equivalents at beginning of
year 816,225 1,692,081
Cash and cash equivalents at end ofyear 437,677 816,225
Relating to:
Cash and cash equivalents 227,177 476,406
Short term deposits included in investments

2021 2020
6 6
Grants and donations received
Warwick Relief in Need 10,000 7,769
Warwick United Charities 5,000 3,884
Warwick Provident Charity 5,000 3,884
King Henry V111 20,000 15,358
Misc donations 30
40,030 31,075
4 Charitable
activities		 - unrestricted
2021 2020
6
Almshouses
Contributions		 64,066 67,575
Oken's Feast 4,668
Charitable
activities		 64,066 72,243
5 Other trading activities
Unrestricted Total
funds
2021 2020
6 E
Provision of professional services and land sales 6,720,560
Other trading activities 6,720,560

2021 2020
Rental income 15,000 11,649
Income from listed investments 78,308 49,028
Income from unlisted investments 159,148 69,070
Bank interest received 928
252,456 130,675

Almshouses
Cost ofraising		 Almshouses
Cost ofraising		 Other Grants Total Total
management funds trading act pavable 2021 2020
E E E 6 E E
General repairs 22,325 20,521 42,846 13,061
Depreciation 16,666 16,666 16,667
Insurance 4,325 4,325 4,242
Light and heat 679 679 740
Maintenance ofgardens 3,326 3,326 3,365
Water rates and charges 3,341 3,341 4,400
Miscellaneous expenses 2,989 2,989 1,535
Christmas
gifts		 550 550 550
Oken's feast 6,130
Cost ofservices sold 480,576 480,576 1,551,632
Cost ofland 749,999
54,201 20,521 480,576 555,298 2,352,321
Grant funding ofactivities (see note 8) 148,594 148,594 115,507

2021 2020
f f
Safeline 4,776
Enhanced
Care at Home Project		 26,976
South Warwickshire &Worcestershire Mind 75,299 36,923
South Warwickshire Citizens Advice Bureau 25,765 21'124
Warwickshire College Group 10,000 10,000
Parenting
Project		 37,530 15,708
148,594 115,507
Governance and Administration
Unrestricted Endowment Total Total
funds funds 2021 2020
general f f
Audit fees 14,520 14,520 10,400
Clerk's fees and expenses 8,400 8,400 23,000
Accountancy fees 18,610 18,610 11,011
Legal and professional
fees		 5,276
Investment brokers fees 2,060 14,774 16,834 12,920
Bank charges 191 191 198
43,781 14,774 58,555 62,805
Forthe year ended 31December 2020 24,630 6,278 30,908

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Fixed asset investments
Group gtCharity
Listed Designated COIF Cash at Total
investments BlackRock investments broker
E 6 E 6
Cost or valuation
At 1January 2021 2,235,062 27,844 4,374,196 339,819 6,976,921
Additions 1,444,772 1,537,494 2,982,266
Valuation
changes		 302,Q35 1,233 803,946 1,107,214
Funds invested (112,485) (112,485)
Investment
mgt fees		 (16,834) (16,834)
Disposals (879,720) (29,0?7) (908,797)
At31December 2021 3,102,149 6,715,636 210,500 10,028,285
Carrying amount
At 31December 2021 3,102,149 6,715,636 210,500 10,028,285
At 31December 2020 2,235,063 27,844 4,374,196 339,819 6,976,922

14 Fixed asset investments -co Fixed asset investments -co nt inued
Group Ik Charity —prior year
Usted Designated COIF Cash at Total
investments BlackRock investments broker
E E E
Cost or valuation
At 1January 2020 1,115,631 29,842 1,680,707 1,073,283 3,899,464
Additions 1,457,598 2,428,603 3,886,201
Valuation
changes		 63,943 (1,998) 264,885 326,830
Cash awaiting
investment		 (720,544) (720,544)
Investment
mgt fees		 (12,920) (12,920)
Disposals (402,109) (402,109)
At 31December 2020 2,235,063 27,844 4,374,196 339,819 6,976,922
Carrying
arnoun't
At 31December 2020 2,235,063 27,844 4,374,196 339,819 6,976,922
At 31December 2019 1,115,631 29,842 1,680,707 1,073,283 3,899,464
2021 2020
Charity Other investments comprise: E E
Investments
in subsidiaries
15 Financial instruments 2021 2020
E E
Carrying amount
offinancial		 assets
Equity Instruments
measured		 at fair value through profit or loss 10,028,285 6,976,922
Debtors measured
at fair value		 through
profit		 or loss 516,953 2,414,348
Cash &cash equivalents
held		 at fair value through profit or loss 227,177 476,406
Carrying amount off(nanclal liabilities
Creditors measured
at fair		 value through
profit		 or loss 538,770 352,017
Net financial assets 10,233,645 9,515,659

16 Debtors: Amounts Debtors: Amounts falling due within one year
Group Charity
2021 2020 2021 2020
Notes E 6 6 E
Trade debtors 480,577 2,398,572 500
Rental debtors 4,413 4,245 4,413 4,245
Other debtors
Prepayments and accrued income 31,963 11,532 47,959 940,141
516,953 2,414,349 52,372 944,886

17 Creditors: amounts falling due within one year falling due within one year
Group Charity
2021 2020 2021 2020
Notes f f f f
Other taxation and social security 296,333
Trade creditors 22,399 1,176 22,399 1,176
Other creditors 480,577
Accruals and deferred income 35,794 54,508 31,894 53,037
538,770 352,017 54,293 54,213
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23 Cash generated
from operations		 Cash generated
from operations		 Cash generated
from operations		 2021 2020
f f
Surplus forthe year 701,319 4,715,751
Adjustments
for:
Investment
income		 recognised in profit or loss (252,456) (130,673)
(Gain)/loss
on disposal ofinvestments		 (25,312) 24,589
Fair value gains and losses on investments (1,081,902) (351,420)
Fair value gains and losses on investment properties 35,000
Depreciation
and impairment		 oftangible fixed assets 16,666 16,667
Movements
in working capital:
Decrease/(increase) in debtors 1,897,396 (2,374,551)
(Decrease)/increase in creditors 186,754 (208,300)
Decrease/(increase) in stocks 750,500
Cash generated
from general		 activities 1,442,465 2,477,563
24 Analysis ofchanges in net funds

Name ofundertaking Registered Nature ofbusiness Class of 36Held
ofhce shares held Direct Indirect
Oken Eyffler UK Land development Ordinary 100.00
share