##
##
|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|
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||||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|||||||
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||||||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||
##
##
##