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2022-12-31-accounts

Co-opted Trustees: Co-opted Trustees: Mrs J Honnoraty -Chairman
Mr E Kibbler
Mr 6Sutherland
Mr J Atkinson
Mrs A Lettis
Mrs L Bolton
Nominative Trustees: Cllr D Browne
Cllr P Wightman
Charity number 216830
Principal address C/0 Moore & Tibbits
34 High Street
Warwick
Warwickshire
CV34 4BE
Independent examiners Burgis R Bullock
23-25 Waterloo Place
Leamington
Spa
CV32 SLA
Bankers Lloyds TSBBank pic
10-12Swan Street
Warwick
CV34 4BT
Solicitors Moore 5Tibbits
34 High Street
Warwick
CV344BE

Page
Trustees' report 1-2
Independent examiner's report
Statement of financial activities 4-5
Balance sheet
Notes to the financial statements 8-23

Current financial year
Unrestricted Unrestricted Endowment Total Total
funds funds funds
general designated
2022 2022 2022 2022 2021
Notes f f f f f
Income and endowments from:
Donations
and legacies		 2,542 2,542 4,755
Investments 65,965 65,965 66,798
Other income 10 10 101,844
Total income and endowments 68,517 ~68,517 173,397
Ex enditure on:
Charitable
activities		 48,901 48,901 61,734
Governance
and Administration
costs 28,461 28,461 15,466
Total resources expended 77,362 77,362 ' 77,200
(Deficit)/Surplus on ordinary activities (8,845) (8,845) 96,197
Net (losses)/gains on investments 10 (19,649) (23,920) (79,624) (123,193) 142,904
Net movement
in funds		 (28,494) (23,920) (79,624) (132,038) 239,101
Fund balances at 1January 2022 166,466 265,817 2,208,530 2,640,813 2,401,712
Fund balances at 31December 2022 137,972 241,897 2,128,906 2,508,775 2,640,813

Prior financial year
Unrestricted Unrestricted Endowment Total
funds funds funds
general designated
2021 2021 2021
Notes f f f
Income and endowments from:
Donations
and legacies		 4,755 4,755
Investments 66,798 66,798
Other income 812 101,032 101,844
Total income and endowments 72,365 101,032 173,397
Ex enditure on:
Charitable
activities		 61,734 61,734
Governance
and Administration		 costs 15,466 15,466
Total resources expended 77,200 77,200
Net gains/(losses)
on investments		 10 20,122 39,370 83,412 142,904
Net movement
in funds		 15,287 39,370 184,444 239,101
Fund balances at 1January 2021 151,179 226,447 2,024,086 2,401,712
Fund balances at31December 2021 166,466 265,817 2,208,530 2,640,813

2022 2021
Notes
Fixed assets
Tangible assets 11 1,350,075 1,523,775
Investment
properties		 12 173,700
Investments 13 996,357 1,119,550
2,520,132 2,643,325
Current assets
Debtors 14 4,368 16,500
Cash at bank and in hand 49,173 34,091
53,541 50,591
Creditors: amounts falling due within
one year 16 (38,123) (20,028)
Net current assets 15,418 30,563
Total assets less current liabilities 2,535,550 2,673,888
Creditors: amounts falling due after
more than one year 17 (26,775) (33,075)
Net assets 2,508,775 2,640,813
Capital funds
Endowment
funds
General endowment funds 1,565,287 1,644,911
Revaluation
reserve		 563,619 563,619
18 2,128,906 2,208,530
Income funds
Desi nated funds:
Extraordinary
Repair		 Fund 184,447 202,686
Development
Fund		 57,450 63,131
19 241,897 265,817
General unrestricted funds 137,972 166,466
379,869 432,283
2,508,775 2,640,813

Unrestricted Unrestricted
funds funds
general general
2022 2021
f f
Grants receivable 2,542 4,755
Grants receivable for core activities
SirThomas Delves Charity 2,542 3,631
Rural Payments Agency 1,123
2,542 4,755
3 Investments
Unrestricted Unrestricted
funds funds
general general
2022 2021
f
Contributions from residents 43,189 47,247
Income from unlisted investments 22,528 19,548
Interest receivable 248 3
65,965 66,798

Unrestricted Endowment Total Unrestricted Endowment Total
funds funds funds funds
general general
2022 2022 2022 2021 2021 2021
f f f f f
Net gain on disposal of
tangible fixed assets 101,032 101,032
Other income 10 10 812 812
10 10 812 101,032 101,844
Charitable
activities
2022 2021
f f
insurance
costs		 2,021 1,813
Heat S.light 923
Repairs S.renewals 12,493 11,336
Garden maintenance 4,622 11,478
Subscriptions 250 182
Sundry expenses 515 505
19,901 26,237
Grant funding ofactivities (see note 6) 29,000 35,497
48,901 61,734

2022 2021
E f
Grants to institutions:
The Charity ofThomas Oken (SWMind) 5,000 5,000
Myton Hospice 2,000
Lord Leycester Hospital 15,000 25,652
Warwick food bank 5,000
25,000 32,652
Grants to individuals 4,000 2,845
29,000 35,497

Unrestricted Unrestricted
funds funds
general general
2022 2021
Clerk's fees 10,000 10,000
Independent examiner fees 3,030 2,609
Legal /Planning and professional fees 15,431 2,685
Financing costs 172
28,461 15,466
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Tangible fixed assets
Other Freehold Westgate Tibbits Court Total
Land and Almhouses
Buildings
f
Cost, or valuation
At 1ianuary 2022 173,775 600,000 750,000 1,523,775
Transfer to investment property (173,700) (173,700)
At 31December 2022 75 600,000 750,000 1,350,075
Carrying amount
At 31December 2022 75 600,000 750,000 1,350,075
At 31December 2021 173,775 600,000 750,000 1,523,775

Investment
property
2022
f
Fair value
At 1January 2022
Transfers from tangible fixed assets 173,700
At 31December 2022 173,700
2022 2021
f
Cost 36,750
Accumulated depreciation
Carrying amount 36,750
2022 2021
f f
Freehold 173,700
Long leasehold
Short leasehold

Unlisted
investments
Cost or valuation
At 1January 2022 5,31December 2022 1,119„550
Valuation
changes		 (123,193)
Carrying amount
At 31December 2022 996,357
At 31December 2021 1,119,550
2022 2021
Fund f f
Investments
at fair		 value comprise:
16,783.46 Charities Official Investments Fund Income Endowment
Shares 305,038 345,175
6,837.70Charities Official Investment Fund Income Shares Unrestricted 124,275 140,627
835.74 Charities Official Investment Fund Accumulation Designated
Shares 184,447 202,686
260.31Charities Official Investment Fund Accumulation Designated
Shares 57,450 63,131
9,922.22 Charities Official Investment Fund Income Shares Endowment 181,608 205,504
1,378.5 Charities Official Investment Fund Income Shares Unrestricted 25,054 28,352
6,519.15Charities Official Investment Fund Income Shares Endowment 118,485 134,075
996,357 1,119,550
14 Debtors
2022 2021
Amounts
falling		 due within one year: f f
Other debtors 3,259 15,589
Prepayments
and		 accrued income 1,109 911
4,368 16,500

Loans and overdrafts
2022 2021
f f
Otherloans 33,075 39,375
Payable within one year 6,300 6,300
Payable after one year 26,775 33,075

2022 2021
f f
Borrowings 6,300 6,300
Accruals and deferred income 31,823 13,728
38,123 20,028

Creditors: amounts
falling due after more tha		 n one year
2022 2021
E f
Borrowings 26,775 33,075

Movement Movement in funds in funds
Balance at Incoming Transfers Revaluations Balance at Revaluations Balance at
1January2021 resources gains and losses 1January 2022 gains and losses Si December
2022
f f
Permanent endowments
Housing
Properties 1,350,000 1,350,000 1,350,000
Other
Freehold
Land 189,825 (16,050) 173,775 173,775
Fixed Asset
investments 484,261 101,032 16,050 83,412 684,755 (79,624) 605,131
2,024,086 101,032 83,412 2,208,530 (79,624) 2,128,906

Balance at Revaluations, Balance at Revaluations, Balance at
1January 2021 gains and losses 1January 2022 gains and losses B1December
2022
Extraordinary Repair Fund 172,666 30,020 202,686 (18,239) 184,447
Development Fund 53,781 9,350 63,131 (5,681) 57,450
226,447 39,370 265,817 (23,920) 241,897
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22 Cash generated
from activities		 Cash generated
from activities		 2022 2021
f f
(Deficit)/surpus
for the year		 (8,425) 96,167
Adjustments
for:
Gain on disposal of land (101,032)
Movements
in working capital:
Decrease/(increase) in debtors 12,132 (4,560)
Increase
in creditors		 18,095 541
Cash generated
from/(absorbed		 by) activities 21,802 (8,854)
Net cash disposal of land 117,082
Investment
additions		 (344,299)
Investment
proceeds		 227,216
Almshouse
loan repayments		 (6,300) (6,300)
Increase/ (Decrease) in cash 15,082 (15,155)