THE WEST KIRBY CHARITY Registered Number: 218546
TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31[st] DECEMBER 2021
Principal Office
C/o The Clerk to the Trustees, 'Cobblestones', 2 The Roscote, Wallrake, Heswall, Wirral CH60 8QW
Structure and Governance
The Charity is an unincorporated association governed by a Scheme dated 14[th] January 1975 approved by the Charity Commissioners for England and Wales.
Trustees
When complete, the body of Trustees consists of twelve persons who through residence, occupation or employment, or otherwise, have special knowledge of the area of the former Urban District of Hoylake i.e. Hoylake, Meols, Greasby, Frankby, Caldy, Grange, Newton and West Kirby. Eight Nominative Trustees are appointed by Wirral Metropolitan Borough Council on the advice of existing Trustees and four Cooptative Trustees are directly appointed by the existing Trustees. Prospective Trustees are chosen for their local knowledge and skills which complement the existing members’ skill sets. Although no formal training is given, Trustees receive the Charity Commission Trustee Welcome Pack when they are appointed, and informal training takes place at trustee meetings.
The Trustees who served during the year were as follows:
Nominative Trustees:
- Chair from 10[[th]] May 2022 - Chair to 10[[th]] May 2022
Mr James Darwent - Chair from 10[[th]] May 2022 Mrs Johanna Wynne - Chair to 10[[th]] May 2022 Mrs Vicky Gawith Ms Deirdre O’Dwyer Mrs Nadine Smith Mr David Stevenson Mr Edwin Boult - resigned 31[st] March 2021 Mrs Helen O’Donnell - resigned 6[th] November 2021
Co-optative Trustees:
Dr Lee Malpas
We were sorry to lose the services of Eddie Boult, a long-standing Trustee, and Helen O’Donnell and thank them both for their contribution to the work of the Charity.
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Objectives and activities
The objects of the Charity are to provide financial relief, either generally or to individual persons, in the area of benefit, and the provision of pensions to poor persons who have resided in the area of benefit for not less than 3 years.
The Charity carries out the following activities to further its purposes:
The Charity applies its yearly income:
-
a) in paying pensions to pensioners who have resided in the area of the former Urban District of Hoylake for not less than three years next preceding the time of their appointment.
-
b) for relief in need in relieving either generally or individually persons resident in the former Urban District of Hoylake who are in conditions of need, hardship or distress by making grants of money or providing or paying for items, services, or facilities calculated to reduce the need, hardship or distress of such persons.
-
c) The income of the Charity shall not be applied in relief of rates, taxes or other public funds but may be applied in supplementing relief or assistance provided out of public funds.
subject to a requirement that one half of the net income derived from certain property and investments listed in a schedule to the Charity’s Scheme shall be held for educational purposes. The Charity fulfils this particular requirement by paying the relevant proportion of its net income to The Bennett Trust, a charity established to promote the education at Calday Grange Grammar School.
The Trustees have had due regard to the Charity Commission’s public benefit guidance in seeking to fulfil the Charity’s objects.
Achievements and performance
A pension of £5 a week was paid to just one pensioner during the year along with a Christmas Gift of £125. Our last remaining pensioner, Joyce Smith, sadly died in January 2022 at the age of 93. She was in a nursing home and the pension was designed to cover small items of expenditure to improve her quality of life. It is a matter of regret that as pensioners pass away they cannot be easily replaced.
As established by the Charity’s Governing Scheme, half of the Charity’s net income is passed to The Bennett Trust for use by the pupils of Calday Grange Grammar School. This amounted to £7,266.98 for 2021 (2020 - £7,569.04). The Trust can give assistance in cases of hardship to parents/carers of children from families of limited means, larger families or those with particular financial problems. Grants may be made in special cases of any kind not normally provided by the Local Authority and in some circumstances funds may be available for those students who have recently left school to help them in their chosen careers or in Further or Higher Education, provided they are less than 25 years of age.
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Other grants and payments were made to the following:
Heswall Disabled Children’s Holiday Fund – support for two participants living in our District - £2,000
The Fund hosts a completely free week-long summer camp each August for up to 30 children aged 9-15 years, from Northwest England, who have physical disabilities.
Citizens Advice Bureau Wirral - £5,632
To provide a bespoke advice service for older people aged 50+ in the West Kirby, Hoylake and Greasby area.
The Trustees decided to provide funding to the West Wirral Older People’s Advice Service with Citizens Advice Bureau Wirral with the intention of increasing awareness of the various benefits which might be available to residents in our area of operation. Due to coronavirus restrictions, it was not possible to meet individuals face to face, but contact was made by telephone and video. Although, this has led to a lower level of uptake than we hoped, approximately 30 people have been advised, dealing with around 120 issues. This has led to individuals being able to access benefits to which they are entitled.
From CAW’s side the requirement to spend one day a week directly on the project understandably also took the practitioner away from her core work. Discussions were held to consider transferring our funding to a larger service which is doing similar work on a Wirral-wide basis in conjunction with the Council. We considered this but did not believe that it would be able to reach the targeted audience that we would like to see as the service is perceived as reactive rather than proactive currently. The Trustees therefore regretfully decided not to renew the funding for the time being, a decision which will be reviewed in twelve months’ time when it may be possible to try again.
The Charity also provided funding to the Heswall Disabled Children’s Holiday Fund which gives disabled children the opportunity to attend summer camps, go on day trips and socialise with children their own age throughout the year and in particular the summer holidays. This means they have an opportunity to build lasting friendships and enjoy the same kind of experiences other children have regularly, and these really have a lasting impact.
Financial position
The Charity’s financial position at the year-end is stable with reserves of £128,049.65 (2020 - £121,963), including the designated Repair Fund of £5,000, of which £104,879 (2020 – £100,498) is in listed investments.
Sufficient funds are kept in cash to ensure that the Charity can meet its obligations at any one time and surplus funds are invested with the help of professional advisors to maximise available income. The levels of all funds are considered at the regular meetings of the Trustees.
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The Trustees continually look for opportunities to extend the reach of the Charity and enter into appropriate commitments to further its objects.
Our investment properties have been revalued to £1,320,000 at 31[st] December 2021 from their previous book value of £1,024,040, an uplift of £295,960 or 28.9%.
Rake House Farmhouse was valued at £650,000 from a book value of £530,500, an uplift of £119,500. The valuation was prepared by a qualified local Estate Agent on an open market basis in comparison with like properties on sale or recently sold in the area.
The following land holdings were revalued by a RICS registered valuer at open market value, based on the comparable evidence obtained in their experience of valuing similar property in the locality. In arriving at their opinion, regard was had to locational and physical factors, occupier demand and redevelopment potential/alternative.
Rake House Farm tenanted land - £470,000, previously £340,000 Allotments at Meols - £150,000, previously £123,540 Allotment at Newton - £50,000, previously £30,000
All rents due in 2021 were paid on time. Our investment portfolio has increased in value during the year, following the general stock market improvement.
The Charity keeps a Repair Fund as a Designated Fund to ensure that sufficient funds are available for the maintenance of its properties. The level of that fund is determined annually by the Trustees. The Fund has been maintained at £5,000, considered reasonable for normal repairs and maintenance.
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| THE WEST KIRBY CHARITY | THE WEST KIRBY CHARITY | THE WEST KIRBY CHARITY | Charity No | 218546 | ||
|---|---|---|---|---|---|---|
| Accounts for theyear ended 31st December 2021 | ||||||
| Statement of Financial Activities | ||||||
| Note | Endowment Funds |
Restricted Funds |
Unrestricted Funds |
Total | Total | |
| 2021 | 2021 | 2021 | 2021 | 2020 | ||
| £ | £ | £ | £ | £ | ||
| Incoming Resources | ||||||
| Income from: | ||||||
| Investments | 3 | 10,999.34 | 14,239.59 | 25,238.93 | 24,580 | |
| Total | - | 10,999.34 | 14,239.59 | 25,238.93 | 24,580 | |
| Resources expended | ||||||
| Expenditure on: | ||||||
| Raisingfunds | 4 | 3,154.86 | 4,226.85 | 7,381.71 | 4,898 | |
| Charitable activities | 5 | 7,298.23 | 8,028.25 | 15,326.48 | 11,509 | |
| Governance | 10 | 546.25 | 546.25 | 1,092.50 | 1,322 | |
| Total | - | 10,999.34 | 12,801.35 | 23,800.69 | 17,728 | |
| Net Income (Expenditure) before investment gains/(losses) |
- | - | 1,438.24 | 1,438.24 | 6,852 | |
| Net Gains(losses) on investments | 8 | 295,960.00 | 4,648.18 | 300,608.18 | -4,204 | |
| Transfers between funds | 9 | - | - | |||
| Net movement in funds | 295,960.00 | - | 6,086.42 | 302,046.42 | 2,648 | |
| Reconciliation of funds: | ||||||
| Total funds broughtforward | 9 | 1,024,040.00 | - | 121,963.23 | 1,146,003.23 | 1,143,356 |
| Total funds carried forward | 9 | £1,320,000.00 | - £ |
£128,049.65 | £1,448,049.65 | £1,146,003 |
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| THE WEST KIRBY CHARITY | THE WEST KIRBY CHARITY | Charity No | 218546 | ||
|---|---|---|---|---|---|
| Accounts for theyear ended 31st December 2021 | |||||
| Balance Sheet | |||||
| Note | Endowment Funds |
Unrestricted Funds |
Total | Total | |
| 2021 | 2021 | 2021 | 2020 | ||
| £ | £ | £ | £ | ||
| Fixed assets | |||||
| Investments | 8 | 1,320,000.00 | 104,879.38 | 1,424,879.38 | 1,124,538 |
| Total fixed assets | 1,320,000.00 | 104,879.38 | 1,424,879.38 | 1,124,538 | |
| Current assets | |||||
| Debtors | 6 | 2,378.90 | 2,378.90 | 1,512 | |
| Cashat bankandin hand | 39,356.95 | 39,356.95 | 38,533 | ||
| Total current assets | 0.00 | 41,735.85 | 41,735.85 | 40,045 | |
| Creditors: Amounts falling due within oneyear | 7 | -9,948.60 | -9,948.60 | -9,661 | |
| Net current assets(liabilities) | 0.00 | 31,787.25 | 31,787.25 | 30,384 | |
| Total assets less current liabilities | 1,320,000.00 | 136,666.63 | 1,456,666.63 | 1,154,922 | |
| Creditors: Amounts falling due after oneyear | 7 | -8,616.98 | -8,616.98 | -8,919 | |
| Total net assets | £1,320,000.00 | £128,049.65 | £1,448,049.65 | £1,146,003 | |
| Funds of the Charity: | |||||
| Endowment Funds | 9 | 1,320,000.00 | 1,320,000.00 | 1,024,040 | |
| Unrestricted Funds | 9 | 128,049.65 | 128,049.65 | 121,963 | |
| Total funds | £1,320,000.00 | £128,049.65 | £1,448,049.65 | £1,146,003 |
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| THE WEST KIRBY CHARITY | Charity No | 218546 | |
|---|---|---|---|
| Accounts for the year ended 31st December 2021 | |||
| Notes to the accounts |
Note 1 Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The accounts have been prepared 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 (FRS 102) issued on 16 July 2014
and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
Note 2 Accounting policies
INCOMING RESOURCES
| Recognition of | |
|---|---|
| incoming | These are included in the Statement of Financial Activities (SoFA) when: |
| resources | |
| • the charity becomes entitled to the resources; | |
| • the Trustees are virtually certain they will receive the resources; and | |
| • the monetary value can be measured with sufficient reliability. | |
| Incoming | |
| resources with | Where incoming resources have related expenditure (as with fundraising or contract income) |
| related | the incoming resources and related expenditure are reported gross in the SoFA. |
| expenditure | |
| Investment income |
This is included in the accounts when receivable. |
| Investment | This includes any gain or loss on the sale of investments and any gain or loss resulting from |
| gains and | revaluing investments to market value at the end of the year. |
| losses | |
| EXPENDITURE | AND LIABILITIES |
| Liability | Liabilities are recognised as soon as there is a legal or constructive obligation committing the |
| recognition | charity to pay out resources. |
| Support costs are those functions that assist the work of the charity but do not directly undertake | |
| Allocation of | charitable activities. Support costs include finance and governance costs which support the Charity's activities. These costs have been allocated between cost of raising funds and |
| support costs | expenditure on charitable activities. The bases on which support costs have been allocated are |
| set out in note 10. | |
| ASSETS | |
| Investments | Investments quoted on a recognised stock exchange are valued at market value at the year end. |
| Rake House Farmhouse was valued at 31st December 2021 by a qualified local Estate Agent | |
| on an open market basis in comparison with like properties on sale or recently sold in the area. | |
| The Rake House Farm tenanted land together with the Allotments at Meols and Newton were | |
| valued at 31st December 2021 by a RICS registered valuer at open market value, based on the | |
| comparable evidence obtained in their experience of valuing similar property in the locality. In | |
| arriving at their opinion, regard was had to locational and physical factors, occupier demand and | |
| redevelopment potential/alternative. | |
| Creditors and provisions are recognised where the charity has a present obligation resulting | |
| Creditors and | from a past event that will probably result in the transfer of funds to a third party and the amount |
| provisions | due to settle the obligation can be measured or estimated reliably. Creditors and provisions are |
| normally recognised at their settlement amount after allowing for any trade discounts due. | |
| Unrestricted funds are available to spend on activities that further any of the purposes of the | |
| Charity. Designated funds are unrestricted funds of the Charity which the Trustees have decided | |
| at their discretion to set aside to use for a specific purpose. Endowment funds are assets which | |
| Fund | are required to be invested, or retained for actual use, rather than spent. The Property Fund is |
| accounting | regarded as Permanent Endowment under the Charity's Scheme and is subject to restrictions |
| therefore as to how it may be transferred, sold or spent. Half the income from the Permanent | |
| Endowment must be held for educational purposes and is accordingly shown as a Restricted | |
| Fund in the Accounts. |
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| THE WEST KIRBY CHARITY | THE WEST KIRBY CHARITY | Charity No | 218546 | ||
|---|---|---|---|---|---|
| Accounts for theyear ended 31st December 2021 | |||||
| Notes to the accounts(continued) | |||||
| Note 3 | Income from investments | Restricted Funds |
Unrestricted Funds |
Total | Total |
| 2021 | 2021 | 2021 | 2020 | ||
| Rental income | £ | £ | £ | £ | |
| RakeHouseFarm land | 2,080.00 | 2,080.00 | 4,160.00 | 2,860 | |
| RakeHouseFarmhouse | 7,650.00 | 7,650.00 | 15,300.00 | 15,300 | |
| Allotments | |||||
| Heron Road,Meols (4,5,6,7,8,9,11,12,13,14) | 617.00 | 617.00 | 1,234.00 | 1,234 | |
| Heron Road,Meols (2,3,10) | 242.50 | 242.50 | 485.00 | 485 | |
| LittleHeath,Newton | 250.00 | 250.00 | 500.00 | 500 | |
| Wayleaves | 159.84 | 159.83 | 319.67 | 324 | |
| Total rental income | 10,999.34 | 10,999.33 | 21,998.67 | 20,703 | |
| Investment Accumulations | |||||
| Artemis Global IncomeI Inc-8,000 units | 206.72 | 206.72 | 246 | ||
| Blackrock Continental European Income D Inc - 5,000 units |
282.94 | 282.94 | 221 | ||
| Civitas Social Housing PLC Ordinary 1p shares - 7,000 shares |
326.03 | 326.03 | 300 | ||
| Greencoat UK Wind PLC Ordinary 1p shares - 7,000 shares |
501.20 | 501.20 | 494 | ||
| JanusHendersonStrategicBondI Inc- 7,000 units | 325.90 | 325.90 | 320 | ||
| Invesco Fund Managers IP Corporate Bond Z Inc - 4,805 units |
137.25 | 137.25 | 287 | ||
| Ishares II Plc. - USD TIPS 0.5 UCITS ETF USD - 1,200 units |
16.32 | 16.32 | 140 | ||
| Link Fund Sol Ltd Capita - Trojan X Inc 4,850 shares - purchased18/05/2021) |
- | - | - | ||
| Liontrust - Monthly Income Bond B Gross Inc - 8,499.156 units-purchased 06/05/2021 |
190.13 | 190.13 | - | ||
| M&G Securities Ltd Investment Fund for Charities(Charifund)- 1,900 units |
969.00 | 969.00 | 1,273 | ||
| Invesco Fund Managers IP Global Targeted Income Z Inc-3,500 units-sold11/05/2021 |
89.09 | 89.09 | 218 | ||
| M&G Securities Ltd Corporate Bond I Income Fund - 21,400 units-sold 06/05/2021 |
116.74 | 116.74 | 278 | ||
| Tax reclaimed on investmentincome | 75.25 | 75.25 | 74 | ||
| Cash&Bankdepositinterest | 3.69 | 3.69 | 27 | ||
| Total Investment Accumulations | - | 3,240.26 | 3,240.26 | 3,878 | |
| Total Income from Investments | £ 10,999.34 | £ 14,239.59 | £ 25,238.93 | £ 24,580 |
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| THE WEST KIRBY CHARITY | THE WEST KIRBY CHARITY | CharityNo. | 218546 | ||
|---|---|---|---|---|---|
| Accounts for theyear ended 31st December 2021 | |||||
| Notes to the accounts(continued) | |||||
| Note 4 | Expenditure on Raising Funds | Restricted Funds |
Unrestricted Funds |
Total | Total |
| 2021 | 2021 | 2021 | 2020 | ||
| £ | £ | £ | £ | ||
| Maintenance of Rake House Farmhouse: | |||||
| Gas safety certificate & boilerservice | 59.40 | 59.40 | 118.80 | 73 | |
| Electricalcondition report | 75.00 | 75.00 | 150.00 | - | |
| Replace defective bathtaps | 105.00 | 105.00 | 210.00 | - | |
| Replacement dishwasher | - | 425 | |||
| Leaserenewal | - | 90 | |||
| 239.40 | 239.40 | 478.80 | 588 | ||
| Letting fees etc. re Rake House Farmhouse | |||||
| Management fees@8% + VAT | 734.40 | 734.40 | 1,468.80 | 1,469 | |
| 734.40 | 734.40 | 1,468.80 | 1,469 | ||
| Other investmentproperty expenses: | |||||
| Insurance | 763.78 | 763.77 | 1,527.55 | 1,353 | |
| New farmbusiness tenancy- RakeHouseFarm | 180.00 | 180.00 | 360.00 | - | |
| Valuation report of landholdings | 799.78 | 799.78 | 1,599.56 | - | |
| 1,743.56 | 1,743.55 | 3,487.11 | 1,353 | ||
| Investment management costs: | |||||
| TilneyInvestment Management | 1,072.00 | 1,072.00 | 1,072 | ||
| - | 1,072.00 | 1,072.00 | 1,072 | ||
| Support Costs(Note 10) | 437.50 | 437.50 | 875.00 | 417 | |
| Total Expenditure on Raising Funds | £ 3,154.86 | £ 4,226.85 | £ 7,381.71 | £ 4,898 |
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| THE WEST KIRBY CHARITY | THE WEST KIRBY CHARITY | CharityNo. | 218546 | ||
|---|---|---|---|---|---|
| Accounts for theyear ended 31st December 2021 | |||||
| Notes to the accounts(continued) | |||||
| Note 5 | Expenditure on Charitable Activities | Restricted Funds |
Unrestricted Funds |
Total | Total |
| 2021 | 2021 | 2021 | 2020 | ||
| £ | £ | £ | £ | ||
| Pensions | 240.00 | 240.00 | 280 | ||
| Christmasgifts topensioners | 125.00 | 125.00 | 125 | ||
| Heswall Disabled Children's Holiday Fund - support for twoparticipants livingin our District |
2,000.00 | 2,000.00 | 2,000 | ||
| Wirral Citizens Advice Bureau - West Wirral Older People's Advice Service |
5,632.00 | 5,632.00 | 668 | ||
| The Bennett Trust - promoting education at Calday Grange GrammarSchool. |
7,266.98 | 7,266.98 | 7,569 | ||
| Hoylake Holy Trinity C of E Primary School - assistance tofamilies |
- | - | 450 | ||
| Support Costs(Note 10) | 31.25 | 31.25 | 62.50 | 417 | |
| Total Expenditure on Charitable Activities | £ 7,298.23 | £ 8,028.25 | £ 15,326.48 | £11,509 |
|
| Note 6 | Debtors and prepayments | Restricted Funds |
Unrestricted Funds |
Total | Total |
| 2021 | 2021 | 2021 | 2020 | ||
| £ | £ | £ | £ | ||
| Tenants' deposit for Rake House Farmhouse held byKarl Tatler EstateAgentsLtd |
1,350.00 | 1,350.00 | 1,350 |
||
| Tilney Investment Management - outstanding dividends |
28.90 | 28.90 | 162 | ||
| Advance payment for repairs - Rake House Farmhouse |
1,000.00 | 1,000.00 | - | ||
| Total Debtors and Prepayments | £ - | £2,378.90 | £2,378.90 | £1,512 | |
| Note 7 | Creditors and accruals | Restricted Funds |
Unrestricted Funds |
Total | Total |
| Amounts falling due within oneyear | 2021 | 2021 | 2021 | 2020 | |
| £ | £ | £ | £ | ||
| Accruals | |||||
| Independent examination fees | 780.00 | 780.00 | 780 | ||
| Valuation report of land holdings | 1,599.56 | 1,599.56 | - | ||
| Wirral Citizens Advice Bureau - West Wirral Older People'sAdvice Service |
- | 668 | |||
| StMichael's &All Angels Church - room hire | - | 125 | |||
| Tilney Investment Management - investment portfoliofees |
- | 72 | |||
| Amount due toTheBennettTrust- 2020 | 7,569.04 | 7,569.04 | 8,016 | ||
| Total amounts falling due within oneyear | £ - | £9,948.60 | £9,948.60 | £9,661 | |
| Amounts falling due after oneyear | |||||
| Amount due toTheBennettTrust- 2021 | 7,266.98 | 7,266.98 | 7,569 | ||
| Tenants'depositfor RakeHouseFarmhouse | 1,350.00 | 1,350.00 | 1,350 | ||
| Total amounts falling due after oneyear | £ - | £8,616.98 | £8,616.98 | £8,919 |
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| THE WEST KIRBY CHARITY | THE WEST KIRBY CHARITY | THE WEST KIRBY CHARITY | CharityNo. | 218546 | ||
|---|---|---|---|---|---|---|
| Accounts for theyear ended 31st December 2021 | ||||||
| Notes to the accounts(continued) | ||||||
| Note 8 | Fixed assets investments | Endowment Funds |
Unrestricted Funds |
Total | Total | |
| 2021 | 2021 | 2021 | 2020 | |||
| £ | £ | £ | £ | |||
| Carrying (fair)value at beginning ofyear | 1,024,040.00 | 100,498.07 | 1,124,538.07 | 1,128,742 | ||
| Add:additions toinvestments during period | 14,497.14 | 14,497.14 | - | |||
| Less:disposals at selling or redemption value | -14,764.01 | -14,764.01 | - | |||
| Add/(deduct): netgain/(loss)on revaluation | 295,960.00 | 4,648.18 | 300,608.18 | -4,204 | ||
| Carrying (fair) value at end of year | £1,320,000.00 | £104,879.38 | £1,424,879.38 | £1,124,538 |
| Analysis of investments | Cost at year end |
Fair value at year end |
Fair value at year end |
Total | Total |
|---|---|---|---|---|---|
| 2021 | 2021 | 2021 | 2021 | 2020 | |
| £ | £ | £ | £ | £ | |
| Investment properties | |||||
| RakeHouseFarmhouse | £130,275.98 | 650,000.00 | 650,000.00 | 530,500 | |
| RakeHouseFarmtenantedland-52.21acres | - | 470,000.00 | 470,000.00 | 340,000 | |
| Allotments atMeols- 13.40 acres | - | 150,000.00 | 150,000.00 | 123,540 | |
| Heron Road,Meols (4,5,6,7,8,9,11,12,13,14) | |||||
| Heron Road,Meols (2,3,10) | |||||
| Allotment atNewton - 1.77acres | - | 50,000.00 | 50,000.00 | 30,000 | |
| LittleHeath,Newton | |||||
| Total investmentproperties | £130,275.98 | £1,320,000.00 | £ - | £1,320,000.00 | £1,024,040 |
| Investments listed on a recognised stock exchange or held in common investment funds, open ended investment companies, unit trusts or other collective investment schemes |
Cost at year end |
Fair value at year end |
Fair value at year end |
Total | Total |
| 2021 | 2021 | 2021 | 2021 | 2020 | |
| £ | £ | £ | £ | £ | |
| Artemis Global Income I Inc - 8,000 units | 8,093.96 | 9,408.80 | 9,408.80 | 7,628 | |
| Blackrock Continental European Income D Inc - 5,000 units |
7,726.81 | 9,615.00 | 9,615.00 | 8,795 | |
| Civitas Social Housing PLC Ordinary 1p shares - 7,000 shares |
7,343.95 | 6,783.00 | 6,783.00 | 7,336 | |
| Greencoat UK Wind PLC Ordinary 1p shares - 7,000 shares |
8,570.00 | 9,842.00 | 9,842.00 | 9,394 | |
| Janus Henderson Strategic Bond I Inc - 7,000 units | 9,526.21 | 10,087.00 | 10,087.00 | 10,409 | |
| Invesco Fund Managers IP Corporate Bond Z Inc - 4,805 units |
10,072.83 | 10,384.09 | 10,384.09 | 10,802 | |
| Ishares II Plc. - USD TIPS 0.5 UCITS ETF USD - 1,200 units |
5,061.33 | 4,648.73 | 4,648.73 | 4,387 | |
| Link Fund Sol Ltd Capita - Trojan X Inc 4,850 shares-purchased18/05/2021 |
5,920.05 | 6,244.38 | 6,244.38 | - | |
| Liontrust - Monthly Income Bond B Gross Inc - 8,499.156 units-purchased 06/05/2021 |
8,707.58 | 8,298.58 | 8,298.58 | - | |
| M&G Securities Ltd Equities Investment Fund for Charities (Charifund)- 1,900 units |
6,754.78 | 29,567.80 | 29,567.80 | 26,079 | |
| Invesco Fund Managers - IP Global Targeted IncomeZ Inc-3,500 units-sold11/05/2021 |
7,200.22 | - | - | 6,218 | |
| M&G Securities Ltd Corporate Bond I Income Fund - 21,400 units-sold 06/06/2021 |
6,156.09 |
- | - | 9,320 | |
| Cash | - | - | 130 | ||
| Total other investments | £91,133.81 | £ - | £104,879.38 | £104,879.38 | £100,498 |
| Total Fixed Assets Investments | £ 221,409.79 | £ 1,320,000.00 | £ 104,879.38 | £ 1,424,879.38 | £ 1,124,538 |
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| THE WEST KIRBY CHARITY | THE WEST KIRBY CHARITY | THE WEST KIRBY CHARITY | THE WEST KIRBY CHARITY | CharityNo. | 218546 | ||
|---|---|---|---|---|---|---|---|
| Accounts for theyear ended 31st December 2021 | |||||||
| Notes to the accounts(continued) | |||||||
| Note 9 | Outline summary of fund movements | Fund balances brought forward 1 Jan 2021 |
Income |
Expenditure | Gains and losses |
Transfers | Fund balances carried forward 31 Dec 2021 |
| Fund name | £ | £ | £ | £ | £ | £ | |
| Permanent Endowment Funds | |||||||
| PropertyFund | 1,024,040.00 | 295,960.00 | 1,320,000.00 | ||||
| Restricted Funds | - | 10,999.34 | -10,999.34 | - | |||
| Unrestricted Funds | |||||||
| Trustees' Accumulation Account | 116,963.23 | 14,239.59 | -12,801.35 | 4,648.18 | 123,049.65 | ||
| Designated Funds | |||||||
| Repair Fund | 5,000.00 | 5,000.00 | |||||
| £1,146,003.23 | £25,238.93 | -£23,800.69 | £300,608.18 | £0.00 | £1,448,049.65 |
| Fund balances brought forward 1 Jan 2020 |
Income |
Expenditure | Gains and losses |
Transfers | Fund balances carried forward 31 Dec 2020 |
|
|---|---|---|---|---|---|---|
| Fund name | £ | £ | £ | £ | £ | £ |
| Permanent Endowment Funds | ||||||
| PropertyFund | 1,024,040.00 | 1,024,040.00 | ||||
| Restricted Funds | - | 10,351.25 | -10,351.25 | - | ||
| Unrestricted Funds | ||||||
| Trustees' Accumulation Account | 114,315.54 | 14,229.17 | -7,377.19 | -4,204.29 | 116,963.23 | |
| Designated Funds | ||||||
| Repair Fund | 5,000.00 | 5,000.00 | ||||
| £1,143,355.54 | £24,580.42 | -£17,728.44 | -£4,204.29 | £0.00 | £1,146,003.23 |
To support the refurbishment of Rake House Farmhouse in 2011-2012 the sum of £15,603.94 was transferred from the Trustees' Accumulation Account to the Property Fund. This would be repayable from the proceeds of any property sale.
| Note 10 | Analysis of support costs | Raising funds | Charitable activities |
Governance | Total | |
|---|---|---|---|---|---|---|
| 2021 | 2021 | 2021 | 2021 | |||
| £ | £ | £ | ||||
| 70.00% | 5.00% | 25.00% | ||||
| Honorarium of Clerk | 875.00 | 62.50 | 312.50 | 1,250.00 | Allocated on time | |
| Independent examination | 780.00 | 780.00 | Governance | |||
| £875.00 | £62.50 | £1,092.50 | £2,030.00 | |||
| 2020 | 2020 | 2020 | 2020 | |||
| £ | £ | £ | £ | |||
| 33% | 33% | 33% | ||||
| Honorarium of Clerk | 417 | 417 | 417 | 1,250 | Allocated on time | |
| Donation for use of church hall for meetings | 125 | 125 | Governance | |||
| Independent examination | 780 | 780 | Governance | |||
| £417 | £417 | £1,322 | £2,155 |
12
| THE WEST KIRBY CHARITY | CharityNo. 218546 |
CharityNo. 218546 |
||
|---|---|---|---|---|
| Accounts for theyear ended 31st December 2021 | ||||
| Notes to the accounts(continued) | ||||
| Note 11 | 11.1 Trustee expenses | 2021 | 2020 | |
| Number of trustees who werepaid expenses | None | None | ||
| Nature of the expenses | N/a | N/a | ||
| Total amount paid | Nil | Nil | ||
| 11.2 Fees for examination of the accounts | 2021 | 2020 | ||
| Independent examiner’s fees | £780.00 | £780 | ||
| Other fees (for example: advice, consultancy, accountancy services) paid to the independent examiner |
Nil | Nil |
Note 12 Transactions with Trustees and related parties
12.1 Remuneration and benefits
| Note 12 | Transactions with Trustees and relatedparties | Transactions with Trustees and relatedparties | Transactions with Trustees and relatedparties | Transactions with Trustees and relatedparties | Transactions with Trustees and relatedparties |
|---|---|---|---|---|---|
| 12.1 Remuneration and benefits | |||||
| Name of trustee or related party | Legal authority (e.g. order, governing document) |
Amounts paid or benefit value |
|||
| 2021 | 2020 | ||||
| NONE | Nil | Nil | |||
| 12.2 Loans | |||||
| Name of trustee or related party | Legal authority | Amount owing | |||
| 2021 | 2020 | ||||
| Due to trustees and relatedparties |
NONE | Nil | Nil | ||
| Due from trustees and relatedparties |
NONE | Nil | Nil |
| Due from trustees and relatedparties NONE |
Due from trustees and relatedparties NONE |
Due from trustees and relatedparties NONE |
Nil | Nil |
|---|---|---|---|---|
| 12.3 Other transactions with trustees or related parties | ||||
| Name of the trustee or related party |
Relationship to charity |
Description of the transactions |
||
| 2021 | 2020 | |||
| NONE | Nil | Nil |
13
CHARITY COMMISSION FOR ENGLAND ANO WALES Independent examinerfs report on the accounts Section A Independent Examiner s Report Report to the trusteesl members of THE WEST KIRBY CHARITY On accounts for tho yoar nded 31sf DECEMBER 2021 Charity no (If any 218546 Set out on pages 5t013 I repfyt to the trSteeS on my examination of the accounts of the above charity (Ihe Trust.) for year ended 31# DECEMBER 2021. RosponsibililiM and As the chanty trustees of the T1, you are sponsible for the pParatiOn basis of report of the affj)unts in acc(xdance with the reqUirents of ts Charities Act 2011 (Ihe Acr). I rep(xt in respe(a of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applIcae Directions given by the Charity Commission under section 145(5)(b) of the Act. I have completed my examination. I confirm that no materFal matters have come to my atterrtiM in Connection with the examination vthich gives me cause to believe that in, any material respect". accounting records We rlot kept in accordan wth section 130 of the Ac* or the accounts do rKrt accord wilh the accounting records Independent examinerf8 Statement I have rK) concems and have ¢(xne auoss no other mattars in connecb'on with the examination to lch attention shi)uld be drawn in order to enable a proper unde ding of the accounts to be reached. Slgned: Nam•: MR MARK J LOUGHREY Relevant wofesslonal qualffication(s) or body (If any): FCA INSTITUTE OF CHARTERED ACCOUNTANTS IN ENGLAND AND WALES Address: 38 MARI STREET HOYLAKE WIRRAL CH47 2AF Section B Disclosure Only complete rf the examiner needs to hhlIght matters of concem (see CC32, Independent examination of charity accounts: directions and guidance for examiners). IER Octobor 2018