## 

## 

|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<br>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'<br>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|





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||||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<br>and Grants|||||||||
|received|||40,000||||40,000|40,030|
|Charitable<br>activities|||||||||
|Almshouses<br>Income||4|68,781||||68,781|64,066|
|Oken's Feast||4|3,960||||3,960||
|Other trading activities|||||||||
|Investment<br>income||5|269,480|3,619|||273,099|252,456|
|Total income|||382,221|3,619|||385,840|356,552|
|Ex<br>nditure on:|||||||||
|Costs of raising|||||||||
|funds|||1,954|||14,287|16,241|16,834|
|Charitable<br>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<br>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<br>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<br>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<br>and Grants|||||||||
|received|||40,030||||40,030|31,075|
|Charitable<br>activities|||||||||
|Almshouses<br>Income||4|64,066||||64,066|67,575|
|Oken's Feast||4||||||4,668|
|Other trading activities||||||||6,720,560|
|Investment<br>income||5|252,456||||252,456|130,675|
|Total income|||356,552||||356,552|6,954,553|
|Ex enditure on:|||||||||
|Charitable<br>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<br>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<br>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<br>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<br>funds||19|9,672,272|11,023,857|9,672,272|11,023,857|
|Income funds|||||||
|Unrestricted<br>funds|||||||
|Designated<br>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<br>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<br>income||||273,099||252,456|||
|Net cash used in investing|||||184,778|||(1,821,013)|
|Financing activities|||||||||
|Net cash generated|||||||||
|from/(used<br>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<br>included||in|investments||1Q6~|||21Q~|





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||||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<br>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<br>f|trading act<br>f|payable<br>f|2022<br>f|2021<br>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'<br>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<br>College||Group|||10,000|
|Parenting<br>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|





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## 

## 



## 

## 

## 

## 

## 

|Fixed asset investments<br>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<br>changes|(382,345)|(780,907)||(1,163,252)|
|Funds invested|||(88,231)|(88,231)|
|Investment<br>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<br>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<br>changes||302,035||1,233|803,946||1,107,214|
||Cash awaiting<br>investment||||||(112,485)|(112,485)|
||Investment<br>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<br>in subsidiaries||||||||
|15|Financial instruments||||||2022|2021|
||||||||f|f|
||Carrying amount offinancial||assets||||||
||Equity Instruments<br>measured||at fair value through||profit or|loss|8,848,882|10,028,285|





## 

## 

## 

|Debtors: Amo|unts<br>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|





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|24|Cash generated<br>from operations|Cash generated<br>from operations||2022|2021|
|---|---|---|---|---|---|
|||||f|f|
||(Deficit)/Surplus<br>for the year|||(1,188,445)|701,319|
||Adjustments<br>for:|||||
||Investment<br>income recognised|in profit or loss||(273,099)|(252,456)|
||(Gain)/loss<br>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<br>and impairment|oftangible|fixed assets||16,666|
||Movements<br>in working<br>capital:|||||
||Decrease/(increase)<br>in debtors|||11,778|1,897,396|
||(Decrease)/increase<br>in creditors|||(213,136)|186,754|
||Decrease/(increase)<br>in stocks|||||
||Cash generated<br>from general|activities||(261,317)|1,442,465|





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



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