OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-12-31-accounts

Co-opted Trustees Mr C R Mason (Chairman) Mr C R Mason (Chairman) Mr C R Mason (Chairman) Mr C R Mason (Chairman) Mr C R Mason (Chairman)
Mr T R Brown
Mr S Hatton
Mrs J Marshall
Dr P A Thurley (resigned July 2022)
Mrs A White
Mr T Morris
Mr P Beddoes
Mrs R McCarthy
Mr D E Hanson (resigned Jan 2022)
Dr N Sharma (appointed Oct 2022)
Mrs K Skudra (appointed April 2022)
Nominated Trustees Cllr M A Grainger (resigned May 2023) Cllr P Whiteman (appointed May 2023)
Cllr N Butler (resigned May 2023) Cllr JSinott (appointed May 2023)
Ex-officio Trustee Mayor ofTown of Warwick —Cllr P Singh Birdi (Resigned May 2023) and Cllr 0
Jacques (Appointed May 2023)
Charity number 216829
Joint clerks tothe Mr C E R Houghton
Charity Mr J BWilliams
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
37 New Walk Warwick
Leicester CV34 4BT
LE1GTU
CCLA Fund Managers Limited Auditor Burgis &Bullock
Senator House 23-25 Waterloo Place
85Queen 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 17
Statement of cash flows 18
Notes to the financial statements 19—39

Unrestricted Designated Restricted Endowment Total Total
funds funds funds funds As restated
2022 2022 2022 2022 2022 2021
Notes f f f f f f
Income from:
Donations
and Grants
received 40,000 40,000 40,030
Charitable
activities
Almshouses
Income		 4 68,781 68,781 64,066
Oken's Feast 4 3,960 3,960
Other trading activities
Investment
income		 5 269,480 3,619 273,099 252,456
Total income 382,221 3,619 385,840 356,552
Ex
nditure on:
Costs of raising
funds 1,954 14,287 16,241 16,834
Charitable
activities
Almshouses
management 46,196 49,643 95,839 54,201
Oken's House repairs 20,521
Other trading activities (192,230) (192,230) 480,576
Grants payable 201,530 201,530 148,594
Total charitable expenditure 55,496 49,643 105,139 703,892
Governance
and
Administration 51,320 51,320 41,721
Total resources
expended 108,770 49,643 14,287 172,700 762,447
Net
income/expenditure
for the year 273,451 (46,024) (14,287) 213,140 (405,895)
Net gains/(losses) on
investments 11 ~48 109 ~16178 ~1048965 ~1113252 1107214

Unrestricted Designated Restricted Endowment Total Total
funds funds funds funds As restated
2022 2022 2022 2022 2022 2021
Notes f f f f f f
Net
incoming/(outgoing)
resources before
transfers 225,342 (62,202) (1,063,252) (900,112) 701,319
Gross transfers
between
funds		 (54,117) 54,117
Net incoming/(outgoing)
resources 171,225 (8,085) (1,063,252) (900,112) 701,319
Other recognised gains and losses
Revaluation
of
tangible fixed assets (288,333) (288,333)
Net movement in funds 171,225 (8,085) (1,351,585) (1,188,445) 701,319
Fund balances at 1
January 2022 593,863 149,258 11,023,857 11,766,978 11,065,659
Fund balances at 31
December 2022 765,088 141,173 9,672,272 10,578,533 11,766,978

Prior Year Unrestricted Designated Restricted Endowment Total Total
funds funds funds funds
2021 2021 2021 2021 2021 2020
Notes f f f f f f
Income from:
Donations
and Grants
received 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 6,720,560
Investment
income		 5 252,456 252,456 130,675
Total income 356,552 356,552 6,954,553
Ex enditure on:
Charitable
activities
Almshouses
management 6 29,652 7,883 16,666 54,201 50,690
Oken's House repairs 6 20,521 20,521
Other trading activities 6 480,576 480,576 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 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
for the year (366,572) (7,883) (31,440) (405,895) 4,423,920
Net gains/(losses) on
investments 37,790 8,374 2,058 1,058,992 1,107,214 291,831
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

Group Group Charity Charity
2022 2021 2022 2021
Notes F. f f
Fixed assets
Tangible assets - Almshouses 12 895,000 1,183,333 895,000 1,183,333
Investment
property		 —Oken's House 13 400,000 350,000 400,000 350,000
Investments 14 8,848,882 10,028,285 8,848,883 10,028,286
10,143,882 11,561,618 10,143,883 11,561,619
Current assets
Debtors 16 505,175 516,953 213,667 52,372
Cash at bank and in hand 255,110 227,177 252,479 209,186
760,285 744,130 466,146 261,558
Creditors: amounts falling due
within one year 17 (325,634) (538,770) (34,708) (54,293)
Net current assets/(liabilities) 434,651 205,360 431,438 207,265
Net assets 10,578,533 11,766,978 10,575,321 11,768,884
Capital funds
Endowment
funds		 19 9,672,272 11,023,857 9,672,272 11,023,857
Income funds
Unrestricted
funds
Designated
funds		 18 141,173 149,258 141,173 149,258
General unrestricted funds 21 765,088 593,863 761,876 595,769
Restricted fund 20
10,578,533 11,766,978 10,575,321 11,768,884

2022 2021
Notes
Cash flows from general activities
Cash generated
from		 24
operations (261,317) 1,442,465
Investing activities
Purchase of investments (727,609) (2,982,266)
Proceeds on sale of investments 639,288 908,797
investment
income		 273,099 252,456
Net cash used in investing 184,778 (1,821,013)
Financing activities
Net cash generated
from/(used
in) financing
Net decrease in cash and cash (76,539) (378,548)
Cash and cash equivalents at beginning
ofyear 437,677 816,225
Cash and cash equivalents at end of
year 361,138 437,677
Relating to:
Cash and cash equivalents 255,110 227,177
Short term deposits
included		 in investments 1Q6~ 21Q~

2022 2021
f f
Grants and donations received
Warwick Relief in Need 10,000 10,000
Warwick United Charities 5,000 5,000
Warwick Provident Charity 5,000 5,000
King Henry
Vill		 20,000 20,000
Misc donations 30
40,000 40,030

2022 2021
f f
Almshouses Contributions 68,781 64,066
Oken's Feast 3,960
Charitable activities 72,741 64,066

2022 2021
Rental income 15,000 15,000
Income from listed investments 79,937 78,308
Income from unlisted investments 177,211 159,148
Bank interest received 951
273,099 252,456

Almshouses Other Grants Total Total
management
f		 trading act
f		 payable
f		 2022
f		 2021
f
General repairs &refurbishments 68,959 68,959 42,846
Depreciation 16,666
Insurance 4,281 4,281 4,325
Light and heat 550 550 679
Maintenance ofgardens 3,168 3,168 3,326
Water rates and charges 3,180 3,180 3,341
Miscellaneous expenses 4,348 4,348 2,989
Residents'
Christmas		 gifts 6,000 6,000 550
Oken's feast 5,353 5,353
Cost ofservices sold (192,230) (192,230) 480,576
95,839 (192,230) (96,391) 555,298
Grant funding ofactivities (see note 8) 201,530 201,530 148,594
Q~)~ ~~ ~~ ~939

Unrestricted Endowment Total Total
funds funds 2022 2021
general As restated
f f f
Investment management fees 1,954 14,287 16,241 16,834
1,954 14,287 16,241 16,834

2022 2021
f f
Myton Hospice 32,693
Warwick Independent School Foundation 1,500
South Warwickshire 5Worcestershire Mind 94,609 75,299
South Warwickshire Citizens Advice Bureau 28,960 25,765
Warwickshire
College		 Group 10,000
Parenting
Project		 43,768 37,530
201,530 148,594

Unrestricted Endowment Total Total
funds funds 2022 2021
general As restated
E E E
Audit fees 8,400 8,400 8,400
Clerk's fees and expenses 17,600 17,600 14,600
Accountancy fees 18,905 18,905 18,530
Legal and professional fees 6,208 6,208
Bank charges 207 207 191
51,320 51,320 41,721
For the year ended 31 December 2021 41,721 41,721
tU
0		 NO
N		 mO
Ol
00O		 m
PV
C
E		 l3C NON W LA
O
00		 t4
Ctl
Cl
0 O
"0
g
L		 "0
CD
4—		 NO
N		 00
IllO
PV
Ql
"0
Ql
C		 8 N
ClN		 mf4
bO
C5
' m
CC, NON Ch CTIO
m
O C
0x DZI-
0Z		 hl
4C		 t4
0I-		 N
NO
N		 W iD
O		 CO
p00
00		 OOO
O
L/l
z0z
z		 an
IZ
ul
I-
I-		 Oh
a
a		 C
E
'a
C		 'U
C		 N
NO
N		 W Cl
Ch
Cl		 LIl
CV
Cfl		 OOO
O
LA
Z Wa 'a C N
NO
N		 W
X0xI-
0		 UJ
x
I
O		 CC
W
0		 Ql
IX
Ql
t4e
Cgl		 N
NON		 W
4l
CC.'
x		 I0Z Ci
'0		 N
NO
N		 W ED m
C L4J Cl
CP
4l
E D
4l
C
C0 Ql
0 t4 C Ql
E
Ql		 CL00.
C
C
t4
4l
Z		 0
a
6		 Ql
E
Ql
C
0
C0		 C
40
Ql
CQ
C0		 QJ
E
Ql
C
0
0
(0 Vl0 tQ
QJ
CL		 C
tUl3		 tg)
Ql
CL

Fixed asset investments
Group &Charity
Listed COIF Cash at Total
investments investments broker
f f
Cost or valuation
At 1January 2022 3,102,149 6,715,636 210,500 10,028,285
Additions 727,609 727,609
Valuation
changes		 (382,345) (780,907) (1,163,252)
Funds invested (88,231) (88,231)
Investment
mgt fees		 (16,241) (16,241)
Disposals (639,288) (639,288)
At 31December 2022 2,808,125 5,934,729 106,028 8,848,882
Carrying amount
At 31December 2022 2,808,125 5,934,729 106,028 8,848,882
At 31December 2021 3,102,149 6,715,636 210,500 10,028,285

Group &Charity —prior year Group &Charity —prior year
Listed Designated COIF Cash at Total
investments BlackRock investments broker
f f f f
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		 302,035 1,233 803,946 1,107,214
Cash awaiting
investment		 (112,485) (112,485)
Investment
mgt fees		 (16,834) (16,834)
Disposals (879,720) (29,077) (908,797)
At 31December 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 2,235,062 27,844 4,374,196 339,819 6,976,921
2022 2021
Charity Other investments comprise: f f
Investments
in subsidiaries
15 Financial instruments 2022 2021
f f
Carrying amount offinancial assets
Equity Instruments
measured		 at fair value through profit or loss 8,848,882 10,028,285

Debtors: Amo unts
falling due within o		 ne year
Group Charity
2022 2021 2022 2021
Notes f f f f
Trade debtors 480,577 480,577
Rental debtors 6,130 4,413 6,130 4,413
Other debtors 5,070
Prepayments and accrued income 18,468 31,963 202,467 47,959
505,175 516,953 213,667 52,372
Group Charity
2022 2021 2022 2021
Notes f f E f
Trade creditors 2,749 22,399 2,749 22,399
Other creditors 288,346 480,577
Accruals and deferred income 34,539 35,794 31,959 31,894
325,634 538,770 34,708 54,293
i0 & g~ ™t4 m
QJ
Ql		 m O OP
V
CC		 ~h
tV
0
AI		 CO
LA
fV
Qb		 CO
LA
P4
CB
L tb E
OJ
Vl
QJ QJ
0C e
w
Ol		 FO
w
C
lO
OO		 8 th Ih O OD tD
Vl
tDo
QJ
CC
U
LLI
0r
Q
z		 Z
Vl
I
2		 Cl
4t		 V
QJ
LJ
L
QJI
40
0
o
tD
QJ
C
QJ		 I
Ol
h
EhC
OJI-
N
OlV
o
u
C		 'o
OJ
III
a
o
I		 m
'CP
Ch
Ch
LD
m		 O
C
Vlj 'e
OO
L
C
I-
o a
OJ
X
OJ		 Pn O8
00
00		 P4
00
Qb
P4		 m
00
fV
Qb
CJ
PV
CO
DO		 0
oC
LL
tU
CL
QJ
CL
QJ
0
C
0
I- Ci QJ g
v		 lO
C		 CJ 00 UO tD
0
rn		 Cl tD OJ CV
OO
lO		 00
EA
Qtl		 CO
Ltl
Ol
cl		 tOI C4 Xl
oC
0rI- Z OQ 8C
4o		 C
tO1		 EA
QJ
0
0 Z
I		 QJ
tDC		 C
DD QJ
QJ0 0
L		 C
rV 2 bO
C
0		 QJ
E
rI- 0
4
QJ		 QJi
QJ		 QJ
0
Vl
QJo 0
C QJ
0~
I bb
C		 N
~
tD
0 C 0C C
0		 0
LL QJ
'a
C
V
C
DD
Ql
CI		 0
0C
4
QJ
E0
C
QJ		 0O.
L
0.0		 L
tD
4l'o
C
tD
CL
0
U		 C
E
Zl
V
QJ
QL
L0		 tD
EJ
"a
C
CL
0
U		 C
rn
4
0
tD		 C
tUC
QJ
C
tD
tU		 H
QJ4
L
QJ
QJ
bb
C		 tU
EA
(D
I
QJ
ONC
tbP-
N
I-
C) ~
N
m
tv
v 0
ta
CII
L
m
IO
LJ
Ol
CI		 Ch
m
m		 LA
Ch
PV		 rri
(IJ0
(O (IJ
QJ
L
IJ
Ol
m
E
IO
LJ
Ol
Ci		 m
Ch
m		 Ch LA
00
m
fVo		 C
0
Ql
QlJ3
C		 0
(O
CL
E
0
I/l		 C
'0.
Ql
QJ
c
e
(g		 C
VI
tg		 IL0
QJ
tg
m		 QJ
QJC
Ih
C S
Ql
ih0
e c
C
ba
I
Ql
IV
C
taI-
Ih 'Q
Ql
Ol
IJ
C
4l
4J
X
Ol		 o
Ch
CO
LD
LA
00
CII		 COo
o
00		 CO
PV
mm
CO		 e
C4l
VI0
e c
(4
ba
Ih
Ol
CtaI-
ih 15
OJ
OJ
LJ
C
0
Ol
X
Ol		 W g
Ch
m
Ch
LA
CO
00
00
fV		 Ch
00
m
m
00
CII
LD
Ul
Ul		 Ch
Ch
COo
Ul
m
Ch
Ch
AJ
LD
Cl
ia'ct		 UC
IL
C
Ql
E
0
Ce
QJ
C0
Ih
m
e
O
LJ
c		 Ql
I/I
Vl
VI
tg
QJ IL
-a
C
c e
0
(4e
'P
QJ
rg J=
Vle
Vl
0
Ih
Ce
0
IhC
ih
bg
ra 'v
CLC
m
LJ E		 I/I
QJ
e
IIL0
Ca
0
tg
C(a
Ih
(g
I/I
QJ)
J:		 raIJ
Ql
C
{e
I/I
Ql)
0
IL
0		 a
UC
QJ
CLx
Ql
Ql
C0
UC
V
Ql
I-
Vi
QJ
Ih
c e
E L
Ol
CII
N
ro 0
IOC ?'		 W m
00
COo
Ch		 00
(h		 LA
00
m
PVo		 Ih
c e
E
L
0u
Q
C eL
v
CII
m 0
(II
IJ
taC
m		 III cl'
Ch
LD		 Ch
'IQ
Ch
Ch
ID		 L(a
e
+		 e
o
LJ
C
QJ
(J		 0
QJ
9
vl
C
"Ue		 Vl
I-
QJ
I-
0		 Ih
0C
L
(Q		 QJ
JDta
L
tg
(J
Vl
m C
CO
m		 m m e
E
~
e
CL		 e
L
VI
~		 'I
VI
C		 C
(a
I
CO
AI
C		 C
0
0		 0
eC
Ue
QJ		 a
C		 I U (g
a
'Ih		 QJ
0
QJ
E ta Ih (g
Vl
ra		 Vl E
C0
C 0
C
m		 c e
U
C		 J
Q		 C
4C
C		 C
E
UJ
QJ		 L
ta
4l		 C
QJ
E
o
C
C		 C
QJ
E
a
UJe		 e
VleJ=
tg
Vl
ra 4-0
rge
Vl
QJ
QJ ~ 0
CL
O
CL
P. e
Ql
Vi«
ba		 0
0
0
ba
C
'C
I
QJ
o		 0
LL
~
.)
QJ
e
Vi		 o
tg
e
C
e
b0
e
L
3
J3		 0
O
bc
C
c
L
Ql)0
Ql
~v
4JC
E
0
'U
C		 I@ E
I
QJ
CL		 Ia
C
e
CL
x
UJ		 Ig
CL
0
U		 QJC
E
L
CL		 C
e
CLx		 c
E
0
0
C
LU		 e
m~C
UL I2
LJ
Ql
LJ
m		 (g
QJ
J-
+		 mC
Ql
0		 C
QJ
0
Ia
ta		 0
C0
00.
IC
0I-		 f4O
P4		 m
00		 O
IA
m		 IA
00
CO
AtO
O		 0
LD
m
IA0		 00
Ol
p		 lVO m
m
m
00		 OO
O
0
LA
m		 LA
CO
CV
CO0
O		 CO
00
00
C
E
0		 t40 teal
IV)
00		 0
OO0
LA
m		 fV
le		 f4
m		 00
m0		 C
E
0		 C
V		 0
At		 &VAN
00		 0
00
O
LA
m		 f4
CV
m		 CO
CO
CO
P4		 m
CV
Ol0
C Ch Ch
LLJ
UC CV0 W U UC O
At I V P4
QJ
IY
U
QJ
C		 UC P40 W CO
LA
Ch		 "U
QJ
ICC		 UC (4O
PV		 O 00
LA
CV
Ch
Ch
DZ		 U
QJ
LJ
Ql
LC		 UC
4—		 0
&4		 m
CO
m
Ch
IA		 "U
QJ
I
C		 O
fV		 m
Ol
LA		 0
IA
m		 m
Ch
0
«t'
LA
0x
Z0Z
z		 Zo
III
I-
LLI
I		 Cg
Cl
a
ttrIaa		 t40I-
E
4C		 NNO
Al
CV
N0		 W 08
0
OO
LA
Ch
00		 00000
0
OO00		 N
CO
CO
00
00
00
CV
fV
p
m
CO		 m
LA
CO
IA0
Ch		 IQ
0I-
C
4l
E
0
'U
C		 UC N
OI4
l40		 W 3
0
Ch
00
0
0
0
LA
Ch
00		 O
0
O
O
0
0
0
0
O		 'LD
m
00		 00
m		 m
Lfl
LA
Cl
CV
Ch
0xI-
0
xI-		 z
z
aal
X
I
cn
I0z		 aal CL
0
00
I
"U
C
V
C
4l		 U
I
CC
P
IQC00
QlO
I
I		 I/I
C
fl		 OI4
0
lV
tV
lVO
tV		 W
W		 Ch
0
LA		 m
00
000
Ltl
lD		 IQ
I
flC
C
4l		 'Ut
Ql
CC
U
tgC
00
QJQ		 f$C
III
C
v
flC		 CQ
C«0
p«
14
t4O
P«
t40
t4		 W
W
'W		 m
Ch
Chf4
0
LA		 O
00
Ch
Ol
CD Jl D
4l
L
t4 QJ IQ QJ
C)
QlC
0
C
«C		 E
QJ
0
IC
I/I		 ~
C
QJ
I/I		 I/I
QJ		 QJ
CL0		 I/I
QJ
+J
IC
I/I		 QlC
0
IQC		 E
QJO0
m
IC
I/I		 QJ
c
QJ		 4J
I/I
QJ
I/I
Ig		 I/I
QJ
JD
I/I
C"
tC
C)		 CL
QJ
~~
IQ		 CL
C
QJ
E		 C
QJ
E		 QJ
I/I
I/I
ttl
C		 t0 CL
IC		 QJ C
QJ		 C
QJ
E		 QJ
I/I
I/I
IC
C
'U
CV
C
P4
Vo
LL
At		 tg
C
IC
I—		 QJ
C		 QJ
C		 QJ
L
L		 U
C
U
LL		 &4
PV
0
Pt		 bO
C
t0		 &S QJ
C		 QJ
I

24 Cash generated
from operations		 Cash generated
from operations		 2022 2021
f f
(Deficit)/Surplus
for the year		 (1,188,445) 701,319
Adjustments
for:
Investment
income recognised		 in profit or loss (273,099) (252,456)
(Gain)/loss
on disposal of investments		 86,878 (25,312)
Fair value gains and losses on investments 1,076,374 (1,081,902)
Fair value gains and losses on investment properties (50,000)
Gains and losses on revaluation offixed assets 288,333
Depreciation
and impairment		 oftangible fixed assets 16,666
Movements
in working
capital:
Decrease/(increase)
in debtors		 11,778 1,897,396
(Decrease)/increase
in creditors		 (213,136) 186,754
Decrease/(increase)
in stocks
Cash generated
from general		 activities (261,317) 1,442,465

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