## **TILE HILL AND WESTWOOD CHARITIES** ## **REPORT AND ACCOUNTS** ## **FOR THE YEAR TO 31 DECEMBER 2023** |**CONTENTS**|**PAGE**| |---|---| |Trustees' report|1.| |Accountants report|2.| |Receipts and payments account|3.| |Statement of assets and liabilites|4.| ## **TILE HILL AND WESTWOOD CHARITIES** ## **TRUSTEES’ REPORT** ## **FOR THE YEAR TO 31 DECEMBER 2023** The trustees present their report and financial statements for the year ended 31 December 2023. The financial statements have been prepared so as to comply with Charity’s governing document, the Charities Act 2011 and “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 (FRS 102) (effective 1 January 2019)”. The Tile Hill and Westwood Charities, of 46-48 Hodgetts Lane, Burton Green, CV8 1PJ, is registered with the Charity Commission (Number 220898) and constituted by a Scheme dated 10 April 1951, as amended by a Scheme dated 2 February 1989 as amended 28 April 2011. The Charity is administered by its Trustees and those who served during the year and up to the date of signature of the financial statements:  David Line  Adrian Hickinbottom  Lesley Tacon  Janet Hickinbottom MBE  Peter Wall Trustees are appointed by the existing trustees. New trustees undergo an orientation day to brief them on: their legal obligations under charity and company law, the Charity Commission guidance on public benefit, and inform them of the content of the constituent documents, the committee and decision-making processes and recent financial performance of the charity. During the induction day they meet other trustees. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role. The Charity's Bankers are Lloyds Bank plc. at its High Street, Coventry branch and its Independent Examiner is Paul Reading. The object of the Charity is to provide assistance to benefit needy sick persons residing within its beneficial area, being the neighbourhoods of Tile Hill and Westwood and elsewhere within a three-and-half mile radius of 93 Cromwell Lane, Coventry. The Charity employs no staff; all its activities are carried out by its Trustees who meet when necessary for this purpose. The majority of its funds are distributed by the Charity annually to beneficiaries whose eligibility and need is reviewed by the Trustees. The Charity, through the Trustees, tries to maintain links with the local community to identify other opportunities to provide assistance to suitable beneficiaries. The Charity can often assist in cases which fall outside the criteria of other organisations and can, in particular, operate expeditiously to assist in unexpected cases of need. During the year the charity made grant payments of £7838, which comprised three grants to other organisations and six grants to individuals. The Charity is always on the lookout for other suitable opportunities to provide assistance and keeps its activities under review. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning the future activities. This year we have extended our grant giving to schools in our area of operation, based on their Pupil Premium numbers. Pupil premium is funding to improve educational outcomes for disadvantaged pupils in state-funded schools in England. Our funding to the local schools was not cashed before 31[st] December and so as been included in the accounts for 2024 The Trustees have examined the charity's reserves in the light of the main risks to the organisation and future plans. They have established a policy whereby the free reserves, being general funds not committed or invested should be approximately one year's expenditure. This level of reserves is needed to meet the working capital requirements of the charity and to ensure that the charity could continue for a year whilst further funding was obtained. At 31 December 2023 the charity’s reserves were £1212015 which is significantly sufficient. The charity relies on the income generated from investments to develop its activities. The finance information is detailed on pages three to four and shows incoming resources of £30,493.40. The trustees plan to review the programme of assistance with the intention to increase spending in the future. ## **ON BEHALF OF THE TRUSTEES:** A. HICKINBo￿om Date.. ## **TILE HILL AND WESTWOOD CHARITIES** ## **ACCOUNTS FOR THE YEAR TO 31 DECEMBER 2023** ## **INCOME AND EXPENDITURE ACCOUNT** **All income, expenditure, assets and liabilities of the charity relate to unrestricted funds. The charity does not have any restricted or designated funds.** |**1.**
**Receipts and payments account**
**Income receipts**
Investment income
Dividends
Bank and building society interest
**Other receipts**
**Total receipts**
**Direct charitable expenditure**
Individual grants to benefciaries
Other grants
**Other expenditure**
Accountancy fees
Trustee meetng expenses
Bank charges
**Total payments**|**2023**
**£**
24,805
5,688
_______
30,493
-.
-
_______
£30,493
_______
1,338
6,500
_______
7838
660
-
-
_______
£8,498
_______|**2022**
**£**
24,710
984
_______
25,694
_______
£25,694
_______
2,026
22,300
_______
24,236
738
-
-
_______
£24,974
_______| |---|---|---| (3) ## **TILE HILL AND WESTWOOD CHARITIES** ## **ACCOUNTS FOR THE YEAR TO 31ST DECEMBER 2023** ## **BALANCE SHEET AND NOTES** |**2.**
**Statement of assets and liabilites as**
**at 31st December 2023**
**Monetary assets**
Bank and building society balances
COIF deposit fund
Bank savings account
Bank current account

**Investment assets**
**45,530.99 units (2021 - 45,530.99) COIF Income shares – Market Value**
**Total Funds**
|**2023**
**2022**
**£**
**£**
91,600
91,600
195,389
184,896
21,463
9,962
_______
_______
308,452
286,458
_______

_______
903563
936,409
1212015
1,222,867
_______
_______|**2022**
**£**
91,600
184,896
9,962
_______
286,458
| |---|---|---| ## **ON BEHALF OF THE TRUSTEES:** ## **A. HICKINBOTTOM Date** : **CHAIRMAN** (4) ## **TILE HILL AND WESTWOOD CHARITIES** ## **REPORT AND ACCOUNTS** ## **FOR THE YEAR TO 31 DECEMBER 2023** |**CONTENTS**|**PAGE**| |---|---| |Trustees' report|1.| |Accountants report|2.| |Receipts and payments account|3.| |Statement of assets and liabilites|4.| ## **TILE HILL AND WESTWOOD CHARITIES** ## **TRUSTEES’ REPORT** ## **FOR THE YEAR TO 31 DECEMBER 2023** The trustees present their report and financial statements for the year ended 31 December 2023. The financial statements have been prepared so as to comply with Charity’s governing document, the Charities Act 2011 and “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 (FRS 102) (effective 1 January 2019)”. The Tile Hill and Westwood Charities, of 46-48 Hodgetts Lane, Burton Green, CV8 1PJ, is registered with the Charity Commission (Number 220898) and constituted by a Scheme dated 10 April 1951, as amended by a Scheme dated 2 February 1989 as amended 28 April 2011. The Charity is administered by its Trustees and those who served during the year and up to the date of signature of the financial statements:  David Line  Adrian Hickinbottom  Lesley Tacon  Janet Hickinbottom MBE  Peter Wall Trustees are appointed by the existing trustees. New trustees undergo an orientation day to brief them on: their legal obligations under charity and company law, the Charity Commission guidance on public benefit, and inform them of the content of the constituent documents, the committee and decision-making processes and recent financial performance of the charity. During the induction day they meet other trustees. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role. The Charity's Bankers are Lloyds Bank plc. at its High Street, Coventry branch and its Independent Examiner is Paul Reading. The object of the Charity is to provide assistance to benefit needy sick persons residing within its beneficial area, being the neighbourhoods of Tile Hill and Westwood and elsewhere within a three-and-half mile radius of 93 Cromwell Lane, Coventry. The Charity employs no staff; all its activities are carried out by its Trustees who meet when necessary for this purpose. The majority of its funds are distributed by the Charity annually to beneficiaries whose eligibility and need is reviewed by the Trustees. The Charity, through the Trustees, tries to maintain links with the local community to identify other opportunities to provide assistance to suitable beneficiaries. The Charity can often assist in cases which fall outside the criteria of other organisations and can, in particular, operate expeditiously to assist in unexpected cases of need. During the year the charity made grant payments of £7838, which comprised three grants to other organisations and six grants to individuals. The Charity is always on the lookout for other suitable opportunities to provide assistance and keeps its activities under review. We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning the future activities. This year we have extended our grant giving to schools in our area of operation, based on their Pupil Premium numbers. Pupil premium is funding to improve educational outcomes for disadvantaged pupils in state-funded schools in England. Our funding to the local schools was not cashed before 31[st] December and so as been included in the accounts for 2024 The Trustees have examined the charity's reserves in the light of the main risks to the organisation and future plans. They have established a policy whereby the free reserves, being general funds not committed or invested should be approximately one year's expenditure. This level of reserves is needed to meet the working capital requirements of the charity and to ensure that the charity could continue for a year whilst further funding was obtained. At 31 December 2023 the charity’s reserves were £1212015 which is significantly sufficient. The charity relies on the income generated from investments to develop its activities. The finance information is detailed on pages three to four and shows incoming resources of £30,493.40. The trustees plan to review the programme of assistance with the intention to increase spending in the future. ## **ON BEHALF OF THE TRUSTEES:** A. HICKINBo￿om Date.. ## **TILE HILL AND WESTWOOD CHARITIES** ## **ACCOUNTS FOR THE YEAR TO 31 DECEMBER 2023** ## **INCOME AND EXPENDITURE ACCOUNT** **All income, expenditure, assets and liabilities of the charity relate to unrestricted funds. The charity does not have any restricted or designated funds.** |**1.**
**Receipts and payments account**
**Income receipts**
Investment income
Dividends
Bank and building society interest
**Other receipts**
**Total receipts**
**Direct charitable expenditure**
Individual grants to benefciaries
Other grants
**Other expenditure**
Accountancy fees
Trustee meetng expenses
Bank charges
**Total payments**|**2023**
**£**
24,805
5,688
_______
30,493
-.
-
_______
£30,493
_______
1,338
6,500
_______
7838
660
-
-
_______
£8,498
_______|**2022**
**£**
24,710
984
_______
25,694
_______
£25,694
_______
2,026
22,300
_______
24,236
738
-
-
_______
£24,974
_______| |---|---|---| (3) ## **TILE HILL AND WESTWOOD CHARITIES** ## **ACCOUNTS FOR THE YEAR TO 31ST DECEMBER 2023** ## **BALANCE SHEET AND NOTES** |**2.**
**Statement of assets and liabilites as**
**at 31st December 2023**
**Monetary assets**
Bank and building society balances
COIF deposit fund
Bank savings account
Bank current account

**Investment assets**
**45,530.99 units (2021 - 45,530.99) COIF Income shares – Market Value**
**Total Funds**
|**2023**
**2022**
**£**
**£**
91,600
91,600
195,389
184,896
21,463
9,962
_______
_______
308,452
286,458
_______

_______
903563
936,409
1212015
1,222,867
_______
_______|**2022**
**£**
91,600
184,896
9,962
_______
286,458
| |---|---|---| ## **ON BEHALF OF THE TRUSTEES:** ## **A. HICKINBOTTOM Date** : **CHAIRMAN** (4) The Trustees rile Hill and Westwood Charities Haven Cottage Haseley Knob Warwick CV35 7NJ 01926 484401 Odober 2024 Dear Sirs Tile Hill and Westwood Charities I report to the trustees on my examination of the accounts of Tile Hill and Westwood Charities {'the Charty,) for the year ended 31# December 2023. Responsibilities and basis of report As the charity trustees of the Chartty. you are responsible for the preparation of the accounts in accordance with the requirements of the Charitses Act 2011 (Yhe Act,). I report in respec* of my examination of the Charity's accounts carried out under sedion 145 of the Act and in carying out my examination I have followed all the applicable Directions given by the Charrty Commission under section 145(5}{b) of the ACL Independent examIne￿S statement I have completed my examination. I confimi that no material matters have come to my attention in connection viith the examination giving me cause to believe that in any materÉal respect: 1. accounting records V￿re not kept in respect of the Chanty as required by section 130 of the Act-, or 2. the accounts do not accord with those records. I have no COn￿mS and have wme across no other matters in connedion with the examination to which attention should be drawn in this report in order to obtain a proper understanding of the accounts. Yours faithfully Paul Reading