Charity registration number 216830
WARWICK UNITED CHARITY
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

WARWICK UNITED CHARITY
LEGAL AND ADMINISTRATIVE INFORMATION
Co-opted Trustees:
Mrs J Honnoraty- Chairman
Mr E Kibbler
Mr G Sutherland
Mr l Atkinson
Mrs A Lettis
Mrs L Bolton
Nominatlve Trustees:
Cllr D Browne
Cllr P Wightman
Charity number
216830
Principal address
C/0 Moore & Tibbits
34 High Street
Warwick
Warwickshire
CV344BE
Independent examiners
Burgis & Bullock
23-25 Waterloo Place
Leamington Spa
CV32 SLA
Bankers
Lloyds TSB Bank plc
10-12 Swan Street
Warwick
CV34 4BT
Solicitor5
Moore & Tibbits
34 High Street
Warwick
CV344BE

WARWICK UNITED CHARITY
CONTENTS
Page
Trustees, report
Independent examiner's report
Statement of financial activities
Balance sheet
Notes to the financial statements
7-22

WARWICK UNITED CHARITY
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees present their annual report and financial statements for the year ended 31 December 2023.
The financial statements have been prepared in accordance with the accounting policies set out in note I to
the financial statements and comply with the charity's Trust Deed dated 9th September 1977, the Charities
Act 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Prattice applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021" (effective l January 20191.
Objectives and artivlties
The Charity's objects are to providing assistance either generally or individually to persons resident in the
town of Warwick, who are in need, hardship or distress.
Public Benefit
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities
the charity should undertake to ensure that public benefit Is maintained. As well as the provision of
Almshouse facilities for those in need of accommodation the charity provides a range of grants each year in
order to extend the number of beneficiaries it can reach.
Achievement5 4nd performance
The Charity provides Almshouses accommodation at Westgate and Tibbits Court in Warwick. The costs of
providing this accommodation are financed by investment incorne, rerbt5 from agricultural land and a share
of Sir Thomas Delves Charity. All of the Almshouses were occupied during the year.
Financial review
At 31st December 2023 the charity's unrestrirted funds including the Extraordinary Repair Fund and
Development Fund, held in designated funds were £449,195 12022 £379,869). The unrestricted funds
comprise of investments of the Charity totalling £434,871 12022 - £391,226 1 and the net current assets of
the Charity of £34,799 12022 £15,418) and long term liabilities of £20,475 12022 £26,775). Endowment
funds consisting of investments and property stood at £2,221,35412022 - £2,128,9061. Given the nature of
the charity's activities. the trustees believe it is appropriate to hold around £25,000 as unrestricted cash
reserves to meet the costs of emergency repairs that could arise at any time. The balance of unrestricted
reserves will be used to further the charitable objectives of the charity.
The trustees have considered the most appropriate policy of investing unrestricted funds and have decided
that a sum of around E25,000 should be maintained as dirertly accessible cash in the event of emergency
repairs. The balance of the charity's unrestricted funds has been invested in COIF and NAAF funds, which are
periodically reviewed by the Trustees.
The Trustees have considered the risks to which the Charity is exposed and have established the principal risk
to the charity as being the dilapidation of the properties. The charity's properties are regularly reviewed to
ensure that they are properly maintained and that all Health and Safety issues are addressed. The trustees
maintain satlsfactory insurance of the Almshouses which have provision for alternative accommodation costs
in the event of damage or destruction by fire or other comprehensive risks.

WARWICK UNITED CHARITY
TRUSTEES, REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Plans for future periods
The Trustees continue to progress the sale of their potential development land at Barford. During the year
ontract for the sale of the land was signed. The completion of the contract is conditional upon planning
permission being granted for the development of the land.
Structurej governance and management
The charity Is governed by a Trust Deed dated 9th September 1977 and 15 registered with the Charity
Commissioners INO. 2168301.
The trustees who served during the year and up to the date of signature of the financial ststements were:
Mrs J Honnoratv
Mr E Kibbler
Mr G Sutherland
Mr J Atkinson
Mrs l Bolton
Mrs A Lettis
Cllr M Ashford
Cllr N Murphv
Cllr M Noone
Cllr D Browne
Cllr P Wightman
(Resigned 30 May 20231
(Resigned 30 May 20231
IResigned 30 May 20231
IAppointed 30 May 20231
(Appointed 30 May 20231
The trustees have met three times during the year a5 well as inspecting the Almshouses and meeting the
residents periodically.
The induction process for a new Trustee is as follows -
The Chairman will meet with the new Trustee to explain all aspects of the charity and to provide all relevant
information regarding it. The Clerk to the trustees will write to the new trustee with a copy of the scheme
governing the charity and a copy of the last set of actounts. The chairman and the clerk to the trustees will
also provide all the 35SlStance and information necessary for the new trustee to become familiar with the
workings of the charity and the responsibilities of becoming a trustee.
The trustees, report was approved by the Board of Trustees.
J Honnoraty
Date:
202¥

WARWICK UNITED CHARITY
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF WARWICK UNITED CHARITY
I report to the trustees on my examination of the financial Statements of Warwick United Charity (the
charity) for the year ended 31 December 2023.
Responsibiltties and basls of report
As the trustees of the charity you are responsible for the preparation of the financial statements in
accordance with the requirements of the Charities Att 2011 (the 2011 Actl.
I report in respect of my examination of the charity's financial statements carried out under section 145 of
the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the
Charity Commission under section 14515llbl of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with
Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting
Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and
Reporting by Charities.. Statement of Recommended Practice issued on l April 2005 which is referred to in
the extant regulations but has now been withdrawn.
l understand that this ha5 been done in order for financial statements to provide a true and fair view in
accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after
l January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with
the examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act,. or
the financial statements do not accord with those records,. or
the financial statements do not comply with the applicable requirements concerning the form and
content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than anv
requirement that the accounts give a true and fair view which is not a matter considered as part of an
independent examination.
I have no concerns and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the financial
ststementsto be reached.
W A Hubbard FCCA
Burgis & Bullock
23 25 Waterloo Place
Leamington Spa
CV32 SLA

WARWICK UNITED CHARITY
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2023
Current financial year
Unrestritted Unrestrirted Endowment
funds
funds
funds
general designated
2023
2023
Total
Total
2023
2023
2022
Notes
Income and endowments from:
Donations and legacies
Investments
Other income
3.415
70,299
1.406
3,415
70,299
36,406
2,542
65,965
io
35,000
Totsl income and
endowments
75,120
35,000
110,120
68,517
Expenditure on:
Charitable activities
Other expenditure
34,832
14,607
34,832
14,607
48.901
28,461
Total expenditure
49,439
49,439
77,362
Net gainslllossesl on
investments
io
13,721
29,924
57,448
101,093
1123,1931
Net Income/{expenditurel and
movement in fund5
39,402
29,924
92,448
161.774
1132,0381
Reconciliation of funds:
Fund balances at l January 2023
137,972
241,897
2,128.906
2,508,775
2,640,813
Fund balances at 31 December
2023
177,374
271,821
2,221.354
2,670,549
2,508,775
The statement of financial activities includes all gains and losses recognised in the year. All income and
expenditure derive from continuing activities.

WARWICK UNITED CHARITY
STATEMENT OF FINANCIALACTIVITIES (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Prior financial year
Unrestrirted Unrestrlcted Endowment
funds
funds
funds
general designated
2022
2022
Totsl
2022
2022
Notes
Income and endowments from:
Donations and legacies
Investments
Other income
2.542
65,965
io
2.542
65,965
io
Total income and endowments
68,517
68,517
Expendlture on:
Charitable activities
Other expenditure
48,901
28,461
48,901
28,461
Total expenditure
77,362
77,362
Net gains/llossesl on investments
io
119,6491
(23,9201
179,6241 1123,1931
Net income and movement in fund5
128,4941
123.9201
179,6241
1132,0381
Reconciliation of funds:
Fund balances at l January 2022
166,466
265,817
2,208,530
2,640,813
Fund balances at 31 December 2022
137,972
241,897
2,128,906
2,508,775

WARWICK UNITED CHARITY
BALANCE SHEET
AS Af31 DECEMBER 2023
Z023
2022
Notes
Fixed a55et5
Tangible assets
Investment property
Investments
12
13
1,350,075
173,700
1,132,450
1,350,075
173,700
996,357
14
2,656,225
2,520,132
CuTrent a55ets
Debtors
Cash at bank and in hand
15
7.809
66,528
4,368
49,173
74,337
53,541
Cred5tors'. amounts fallln8 due wlthin
one year
17
139.5381
138,1231
Net current assets
34,799
15,418
Total assets less current liabilltles
2,691,024
2,535.550
Creditors: amounts falling due after
more than one year
18
120,4751
126,7751
Net assets
2,670,549
2,508,775
The funds of the charity
Endowment funds
Unrestricted funds general
Unrestricted funds - designated
19
2,221,354
177,374
271,821
2,128,906
137,972
241,897
20
2,670.549
2,508,775
The financial statements were approved by the trustees on
rs J Honnoratv

WARWICK UNITED CHARITY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
Accounting policies
Charity information
The charity is governed by a Trust Deed dated 9th September 1977 arbd is registered with the Charities
Commission (No. 2168301.
1.1 Accounting conventlon
The financial statements have been prepared In accordance with the charity's governing document, the
Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of
Ireland" I"FRS 102,1 and the Charities SORP "Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021" (effective I
January 20191. The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement
of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008
only to the extent required to provide 3 true and fair view. This departure has involved following the
Statement of Recommended Practice for charities applying FRS 102 issued 2019 rather than the version
of the Statement of Recommended Practice which is referred to in the Regulations but which has since
been withdrawn.
The financial ststements are prepared in sterling, which is the functional currency of the charity.
Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include
the revaluation of freehold properties and to include investment properties and certain financial
instruments at fair value. The principal accounting policies adopted are set out below.
1.2 Going Con￿rn
At the time of approving the financial statements. the trustees have a reasonable expectation that the
charity has adequate resources to continue in operational existence for the foreseeable future. Thus
the trustees continue to adopt the going concern basis of accounting in preparing the financial
statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees In furtherance of their
charitable objectives.
Restricted funds are subject to specific conditions by donors or grantor5 as to how they may be used.
The purposes and uses of the restricted funds are Set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by
the charity. The endowment funds comprise the Almshouses buildings and investments.

WARWICK UNITED CHARITY
NOTES TO THE FINANCIAL STATEMENT5 (CONTINUED)
FOR THE YEAR ENDED 310ECEM8ER 2023
Accounting policies
Icontlnued)
1.4 Income
Income is recognised when the charity is legally erbtitled to it after any performance condition5 have
been met, the amounts can be measured reliably, and it is probable that income will be received.
All investment income excluding deposit interest is shown on the basis of amounts receivable in the
year and includes any tax credit or income tax which is recoverable by the charity. Deposit interest is
shown on the basis of amounts credited in the year.
Rental income is included in the period to which it relates.
1.5 Expendlture
All expenditure is accounted for on an accruals basis. HousinE Costs represent the running costs of the
Almshouses properties. Grants are accounted for on a commitment basi5.
1.6 Tangible fixed assets
The housing properties which are Almshouses are included in the accounts at a previous valuation and
are held at 'deemed cost. The transitional provlsions of FRS 102 are being followed and the valuation
has not been updated. As the properties are maintained in a state of repair such that their estimated
residual value is not les5 than their carrying value, no depreciation is provided. The trustees review
their valuation annually given their use.
Land and buildings are included in the accounts at valuation.
Freehold land is not depreciated.
The gain or 1055 arising on the disposal of an asset is determined as the difference between the sale
proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Investment properties
Investment propertvi which is property held to earn rentals and/or for capital appreciation, 15 initially
recognised at cost, which includes the purchase cost and any directly attributable expenditure.
Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation
is recogr7i5ed in proflt or1955.
1.8 Flxed asset investments
Fixed asset investments are initially measured at tran5aCtiorb price excluding transaction costs, and are
subsequently measured at fair value at eath reporting date. Changes in fair value are recognised in net
incomellexpenditurel for the year. Transaction costs are expensed as incurred.

WARWICK UNITED CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Accountlng policles
(Continued)
1.9 Impairment of fixed a55e15
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine
whether there is any indication that those assets have suffered an impairment loss. If any such
indication exists, the recoverable amount of the asset is estimated in order to determine the extent of
the impairment loss lif any).
1.10 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are
shown within borrowing5 in current liabilitie5.
1.11 Flnanclal Instruments
The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section
12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity become5 party to
the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements,
when there is a legally enforceable right to set off the recognised amounts and there is an intention to
settle on a net basis or to realise the a55et and settle the liability simultaneously.
Basicfinoncial a55et5
Basic financial assets, which include debtors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortised tost using the
effective interest method unless the arrangement constitutes a financing transaction, where the
transaction is measured at the present value of the future receipts discounted at a market rate of
interest. Financial assets classified as receivable within one year are not amortised.
8asicflnanclul Ilabllltles
Basic financial liabilities, including creditors and bank loans are initially recognlsed at transattion price
unless the arrangement constitutes a financing transaction, where the debt instrument is measured at
the present value of the future payments discounted at a market rate of interest. Financial liabilities
classified as payable within one year are not amortised.
Debt instruments are Subsequently carried at amortlsed cost, Using the effective interest rate method.
Trade creditors are obligation5 to pay for goods or services that have been acquired in the ordinary
course of operations from suppliers. Amounts payable are classified as current liabilities if payment IS
due within one year or less. If not, they are presented as non-current liabillties. Trade creditors are
recognised initially at transaction price and subsequently measured at amortised cost Using the
effective interest method.

WARWICK UNITED CHARITY
NOTES TO THE FINANCIALSTATEMENT5 {CONTINUED)
FOR THE YEAR ENDED 31 DECEM8ER 2023
Accounting policie5
(Continued)
Derecognition offinancial Ilabllltles
Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged
or cancelled.
1.12 Conce55ionary loans
Conces5ionary loans are initially recognised and measured at the amounts received or paid. The
carrying amounts in subsequent years reflects repayments and any accrued interest and are adjusted if
necessary for any impairment.
Income from donations and legacles
Unrestricted Unrestricted
funds
funds
2023
2022
Grants receivable
3,415
2.542
Gran15 receivable lor core activities
Sir Thomas Delves Charity
3,415
2,542
3,415
2,542
Incorne from investments
Unrestrlcted Unrestrlcted
funds
funds
2023
2022
Rental income
Income from unlisted investments
Interest receivable
46,306
22,870
1,123
43,189
22,528
248
70,299
65,965
10-

WARWICK UNITED CHARITY
NOTES TO THE FINANCIALSTATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Other income
Unre5trirted Endobvment
funds
funds
2023
2023
Total Unrestrirted Endowment
funds
funds
2022
2022
Tolal
2023
2022
Net gain on disposal of
tangible fixed assets
Other income
35,000
35,000
1,406
1,406
io
io
1.406
35.000
36,406
io
io
Expendlture on charltable actlvltles
2023
2022
Direct costs
Insurance costs
Repairs & renewals
Garden maintenance
Subscriptions
Sundry expenses
2,243
7,384
4,932
2,021
12,493
4,622
250
515
1,748
16,307
19,901
Grant funding of activities (see note 61
18,S25
29,000
34.832
48,901
Analysis by fund
Unrestricted fund5 general
34,832
48,901

WARWICK UNITED CHARITY
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
Grants payable
2023
2022
Grants to institutions..
The Charity of Thomas Oken ISWMindl
Lord Leycester Hospital
Warwick Food Bank
5.000
4,525
5,000
15,000
5,000
9.525
25,000
Grants to individuals
9,000
4,000
18,525
29,000
Trustees
None of the trustees lor any persons connected with them) received any remuneration, benefits or
reimbursed expenses from the charity during the year12022 - £nill.
Employees
The average monthly number of employees during the year was:
2023
2022
Number
Nurnber
Totsl
There were no employees whose annual remuneration was more than £60.000.
12-

WARWICK UNITED CHARITY
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
Governance and Administration costs
Unrestricted Unrestricted
funds
funds
general
general
2023
2022
Clerk'5 fees
Independent examiner fees
Legal /Planning and professional fees
10,000
3,427
1,180
10,000
3,030
15,431
14,607
28,461
Professional fees includes £2,400 for accountsncy advice payable to our independent examiner.
Investments held and managed by CCLA are subject to central fund management charge5 which are not
specifically allocated to the individual charities invested in their funds. The CCLA current published rate
of fund management charge is 0.74% and 1% for ongoing charges.
13-

WARWICK UNITED CHARITY
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
11 Taxation
The charity is exempt from taxation on its activities because all it5 income is applied for charitable
purposes.
12 Tangible fixed assets
¢Xher F¥eehoJd
Landand
Bulldlngs
WE5tEate fibbits Court
Almhouses
rotal
Cost or valuation
At l January 2023
75
600,000
750,000
1,350,075
At 31 Detember 2023
75
600,000
750,000
1,350,075
Carrying amount
At 31 December 2023
75
600,000
750,000
1,350,075
At 31 December 2022
75
600,000
750,000
1,350,075
Westgate Almhouses were revalued at 26th April 2018 by Paul A Britten B.Sc. FRICS Ichartered
Surveyorsl, independent valuers not connected with the charity on the basis of market value. The
valuation of £600,000 conforms to International Valuation Standards and was based on recent market
transactions on arm's length terms for similar properties. The transitional provlslons of FRS 102 are
being followed and the valuation has not been updated.
Tibbits Court was revalued in 2017 by the trustees for a value of £750,000. The transltlonal provlslons
of FRS 102 are being followed and the valuation has not been updated.
The trustees believe these values do not exceed the current market value of the propertles and that the
proportion of the value attribLttable to buildings is such that any depreciation charge would be
immaterial.
At 31 December 2023, had the revalued assets been carried at historic cost less accumulated
depreciation {if depreciation deemed appropriatel and accumulated impairment losses, their carrying
amount would have been approximately £228,58812022- £228,588).
15-

WARWICK UNITED CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
13 Investrnent property
2023
Fair value
At l January 2023 and 31 December 2023
173,700
Investment property comprises freehold land held at Barford. The value ststed does not take into
account any 'Hope Value for future development of this agricltltural land. On 10th November 2023,
the Trustees entered into a conditional sale agreement with regards to the land. which subject to
satisfaction of certain conditions could result in future sale proceeds of £1,700,000. However, due to
the level of uncertainty that the conditions can be met and which are out of the control of the
Trustees, the land continues to be carried at its current market value as agricultural land.
14 Fixed asset investments
Unlisted
Investments
Cost or valuatlon
At l January 2023
Additions
Valuation changes
996,357
35,000
101,093
At 31 December 2023
1,132,450
Carrying amount
At 31 December2023
1,132,450
At 31 December 2022
996,357
16-

WARWICK UNITED CHARITY
NOTES TO THE FINANCIAL STATEMENTS ICONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
14 Fixed a55et investments
IContSnued)
2023
2022
Fund
Investments at fair value comprise..
16,783.46 Charities Official Investments Fund Income
Shares
1856.55 Charities Official Investments Fund Income Shares Endowment
6,837.70 Charities Official Investment Fund Income Shares Unrestricted
1096.05Charities Official Investment Fund Accumulation Designated
Shares
9,922.22 Charities Official Investment Fund Income Shares Endowment
1,378.5 Charities Official Investment Fund Income Shares Unrestricted
6,519.15 Charities Official Investment Fund Income Shares Endowment
Endowment
333,068
36,843
135,694
305,038
124,275
271,821
198,296
27,356
129,372
241.897
181,608
25,054
118,485
1,132.450
996,357
15 Debtors
2023
2022
Amounts falling due within one year:
Other debtors
Prepayments and accrued income
6.674
1,135
3,259
1,109
7,809
4,368
16 Loans and overdrafts
2023
2022
other loans
26.775
33,075
Payable within one year
Payable after one year
6,300
20,475
6,300
26,775
17-

WARWICK UNITED CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
16 Loans and overdrafts
Icontinued)
During the year ended 31st December 2017 the charity received two loans of £31,500 each from the
Almshouses Association. The loans are due to be repaid in twenty equal instalments of £1,575 each
within ten years of the first payment falling due. No interest is due on the loan.
17 Creditor5: amounts falling due within one year
2023
2022
Borrowings
Accruals and deferred income
6,300
33,238
6,300
31,823
39,538
38,123
Included within 'Accruals and deferred income, is £412 12022 £1.153 1 of deferred income, which
relates to contributions paid in advance, grant commitments of £4,525 12022.. £15,000) and a £15,000
12022.. £nlll deposit received for the sale of land.
18 Creditors: amounts falling due after more than one year
2023
2022
Borrowings
20,475
26,775
18-

WARWICK UNITED CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
19 Endowment funds
Endowment funds represent assets which must be held permanently by the charity in accordance with
the Trust Deed dated 9th September 1977. Incorne arising on the endowment funds can be used in
accordance with the objects of the charity and is included as unrestricted income. Any capital gains or
losses arising on the assets form part of the fund.
At l January
2023
Incoming
resources
Gains and
losses
At31
December
2023
Permanent endowments
Housing Properties
Other Freehold Land
Fixed Asset Investments
1,350,000
173.775
605,131
1,350,000
173,775
697,579
35,000
57.448
2,128,906
35,000
57,448
2,221,354
Previous year:
At l Januarv
2022
Incoming
resources
Gains and
losses
At31
December
2022
Permanent endowments
Housing Properties
Other Freehold Land
Fixed Asset Investments
1,350,000
173.775
684,755
1,350,000
173,775
605,131
179,6241
2,208,530
179.6241
2,128,906
19-

WARWICK UNITED CHARITY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2023
20 Unrestrlcted funds - deslgnated
These are unrestricted funds which are material to the charity's activities.
At l January
2023
Gains and
losses
At31
December
2023
Extraordinary Repair Fund
Development Fund
184,447
57,450
22,817
7,107
207,264
64,557
241,897
29,924
271,821
Previous year:
At l Januarv
2022
Gains and
losses
At31
December
2022
Extraordinary Repair Fund
Development Fund
202,686
63,131
118,2391
15,6811
184,447
57.450
265,817
123,9201
241,897
The Extraordinary Repair Fund and The Development Fund are designated reserve5. The purpose of
these funds is as described in the Trustee's Annual Report.
-20-

WARWICK UNITED CHARITY
NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI
FOR THE YEAR ENDED 31 DECEMBER 2023
21 Analysis of net as5et5 between funds
Unre5trirted Unrestricted Endowrnent
funds
funds
funds
general deslgnated
2023
2023
Total
2023
2023
At 31 December 2023..
Tangible assets
Investment properties
Investments
Current as5etsllliabilitiesl
Long term liabilities
1,350,075
173,700
697,579
1,350,075
173,700
1,132,450
34,799
120,4751
163,050
34,799
120,4751
271,821
177,374
271,821
2,221,354
2,670,549
Unrestrirted Unrestrirted Endowrnent
funds
funds
funds
general designated
2022
2022
Total
2022
2022
At 310ecember 2022:
Tangible assets
Investment properties
Investment5
Current assets/lliabilitiesl
Long term liabilities
1,350,075
173,700
605,131
1,350,075
173,700
996,357
15.418
126,7751
149,329
15,418
126,7751
241,897
137,972
241,897
2,128,906
2,508,775
22 Related party transactions
During the year Moore & Tibbets, a company in which a Trustee of the Charity is a director, invoiced the
charSty £930 12022- £12.0001 for legal fees and disbursements in relation to the sale of land and
buildings held in fixed assets.
21

WARWICK UNITED CHARITY
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 DECEMBER 2023
23 Cash generated from activitie5
2023
2022
Surplu51ldeficitl for the year
60,681
18,4251
Adjustments for..
Movements In worklng Capital:
Ilncreaselldecrease in debtor5
Increase in creditors
13,4411
1,415
12,132
18,095
Cash generated from/{absorbed by) actlvitles
58,655
121,8021
Disposal of property
Almshouse loan repayments
135,0001
16,3(101
16,3001
Increasel (Decrease) In cash
17,355
15,082
-22-