|Trustees||Mr A Shrimpton||| |---|---|---|---|---| |||Mr J Surtees||| |||Mr D Hall||| |||Mr M Reynolds||| |||Mrs L
I Fuller||| |||Mr R LJ Lawson||| |||Mrs R Hay||| |Charity number||222915||| |Company|number|00551609||| |Registered|office|Bryony Road||| |||Selly Oak||| |||Birmingham||| |||West Midlands||| |||B294BX||| |Auditor||Ormerod
Rutter||Limited| |||The Oakley||| |||Kidderminster|Road|| |||Droitwich||| |||Worcestershire||| |||WR9 9AY||| |Bankers||Lloyds Bank Pic||| |||142 Edgbastion||Park Road| |||Edgbaston||| |||Birmingham||| |||West Midlands||| |||B152TY||| |Investment|advisors|EFG Harris Allday||| |||33Great Charles||Street| |||Birmingham||| |||B33JN||| |||United
Kingdom||| |||Page| |---|---|---| |Trustees'
report||1-4| |Independent
auditor's|report|5-7| |Statement
offinancial|activities|8-9| |Balance sheet||10-11| |Statement
ofcash flows||12| |Notes to the financial|statements|13-26| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Current financial year|||||||| |---|---|---|---|---|---|---|---| ||||Unrestricted|Designated|Restricted|Total|Total| ||||funds|funds|funds||| |||Notes|2022|2022|2022
E|2022f|2021| |Income from:|||||||| |Donations
and legacies||3|79,151||1,000|80,151|84,830| |Charitable
activities||4|1,156,814|||1,156,814|1,041,960| |Investments||5||28,098|2,850|30,948|28,965| |Total income|||1,235,965|28,098|3,850|1,267,913|1,155,755| |Ex enditure on:|||||||| |Raising funds|||478|||478|| |Analysis ofexpenditure
activities|on|charitable
6|1,172,946||70,735|1,243,681|1,153,257| |Total resources expended|||1,173,424||70,735|1,244,159|1,153,257| |Net income/(expenditure)||for the year/|||||| |Net incoming/(outgoing)||resources|62,541|28,098|(66,885)|23,754|2,498| |Other recognised
gains and losses|||||||| |Other gains or losses||11||55,422|4,077|59,499|125,714| |Net movement
in funds|||62,541|83,520|(62,808)|83,253|128,212| |Fund balances at 1 April|2021||1,053,571|675,198|144,069|1,872,838|1,744,626| |Fund balances at 31 March 2022|||1,116,112|758,718|81,261|1,956,091|1,872,838| ## ## |Prior financial year|||||||||| |---|---|---|---|---|---|---|---|---|---| |||||||Unrestricted|Designated|Restricted|Total| |||||||funds|funds|funds|| |||||||2021|2021|2021|2021| ||||||Notes||||| |Income from:|||||||||| |Donations
and legacies||||||82,830||2,000|84,830| |Charitable
activities||||||1,041,960|||1,041,960| |Investments|||||||26,514|2,451|28,965| |Total income||||||1,124,790|26,514|4,451|1,155,755| |Ex enditure on:|||||||||| |Analysis ofexpenditure|on||charitable|activities|6|1,104,133||49,124|1,153,257| |Total resources expended||||||1,104,133||49,124|1,153,257| |Gross transfers
between||funds||||(48,271)||48,271|| |Nei income/(expenditure)|||for the year/||||||| |Net incoming/(outgoing)|||resources|||(27,6'l 4)|26,514|3,598|2,498| |Other recognised
gains||and losses|||||||| |Other gains or losses|||||||114,015|11,699|125,714| |Net movement
in funds||||||(27,614)|140,529|15,297|128,212| |Fund balances at 1 April||2020||||1,081,185|534,669|128,772|1,744,626| |Fund balances at 31 March 2021||||||1,053,571|675,198|144,069|1,872,838| ## ## |||||||2022||2021|| |---|---|---|---|---|---|---|---|---|---| ||||||Notes|||F|| |Fixed assets|||||||||| |Tangible assets|||||12||1,090,928||1,110,977| |Investments|||||13||779,576||738,756| ||||||||1,870,504||1,849,733| |Current assets|||||||||| |Stocks|||||14|4,474||2,989|| |Debtors|||||'l5|34,644||39,013|| |Cash at bank and||in|hand|||131,094||59,198|| |||||||170,212||101,200|| |Creditors:|amounts||falling due within||||||| |one year||||||(84,625)||(78,095)|| |Net current|assets||||||85,587||23,105| |Total assets less||current||liabilities|||1,956,091||1,872,838| |Income funds|||||||||| |Restricted|funds||||||81,261||144,069| |Unrestricted|funds||||||||| |Designated|funds||||20|758,718||675,198|| |General
unrestricted|||funds|||1,116,112||1,053,571|| ||||||||1,874,830||1,728,769| ||||||||1,956,091||1,872,838| ## ## ## ||||||2022||2021|| |---|---|---|---|---|---|---|---|---| |||||Notes||||| |Cash flows from operating||activities||||||| |Cash generated
from operations||||25||49,482||36,177| |Investing|activities|||||||| |Purchase|oftangible
fixed assets||||(27,213)||(18,349)|| |Purchase|of investments||||||(24,803)|| |Proceeds|on disposal of investments||||18,679|||| |Investment|income received||||30,948||28,967|| |Net cash|generated
from/(used||in)|||||| |investing|activities|||||22,414||(14,185)| |Net cash|used in financing|activities||||||| |Net increase
in cash and cash|||equivalents|||71,896||2'I,992| |Cash and|cash equivalents|at beginning||ofyear||59,198||37,206| |Cash and|cash equivalents|at end of||year||131,094||59,198| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||2022|2021| |---|---|---|---| ||||f| |Fee|income|1,156,814|1,041,960| ## |||Designated|Restricted|Total|Designated|Restricted|Total| |---|---|---|---|---|---|---|---| |||funds|funds||funds|funds|| |||2022|2022||2021|2021|2021| |||||||E|E| |Listed investments|||||||| |(including
investment|common
funds)|28,098|2,850|30,948|26,514|2,451|28,965| ## ||||2022|2021| |---|---|---|---|---| |Residential costs||||| |Staff related costs|||799,346|774,675| |Provisions|||55,100|50,219| |Household|requisites|and utensils|34,099|33,941| |Activities|||4,613|13,730| |Residents'|subsidy||64,217|48,271| ||||957,375|920,836| |Share ofsupport costs (see note 7)|||282,106|228,341| |Share ofgovernance||costs (see note 7)|4,200|4,080| ||||1,243,681|1,153,257| |Analysis|by fund|||| |Unrestricted
funds|||1,172,946|1,104,133| |Restricted|funds||70,735|49,124| ||||1,243,681|1,153,257| ## ## |Support co|sts||||||| |---|---|---|---|---|---|---|---| |||Support|Governance|2022|Support|Governance|2021| |||costs|costs||costs|costs|| |Staff related|costs|56,013||56,013|52,519||52,519| |Depreciation||47,261||47,261|41,819||41,819| |Lighting
and|heating|29,511||29,511|36,153||36,153| |Rent, rates|and||||||| |insurance||26,707||26,707|22,138||22,138| |Repairs||61,746||61,746|34,597||34,597| |Gardening||8,997||8,997|904||904| |Registration|fee|5,024||5,024|5,023||5,023| |Professional|fees|5,828||5,828|6,950||6,950| |Telephone||4,554||4,554|2,256||2,256| |Office and sundry|||||||| |expenses||36,195||36,195|25,771||25,771| |Bank charges||270||270|211||211| |Auditor's
remuneration|||4,200|4,200||4,080|4,080| |||282,106|4,200|286,306|228,341|4,080|232,421| |Analysed
between|||||||| |Charitable
activities||282,106|4,200|286,306|228,341|4,080|232,421| ## |The analysis
ofauditor's
remuneration|The analysis
ofauditor's
remuneration|is as follows:||| |---|---|---|---|---| |Fees payable to the auditor's|and|associates:|2022|2021| |Audit ofthe annual accounts|||4,200|4,080| |Non-audit
services||||| |All other non-audit
services|||2,931|2,910| ## ## ## |
The average|
monthly
number ofemployees
(excludin|g
directors)
during
the year was|| |---|---|---|---| |||2022|2021| |||Number|Number| |Administration||2|3| |Care||24|23| |General and|domestic|17|16| |||43|42| |Employment|costs|2022|2021| ||||F| |Wages and salaries
Social security costs||789,734
46,427|772,785
40,614| |Other pension costs||19,198|13,795| |||855,359|827,194| |Other gai|ns or losses||||||| |---|---|---|---|---|---|---|---| |||Designated|Restricted|Total|Designated|Restricted|Total| |||funds|funds||funds|funds|| |||2022|2022f|2022
f|2021|2021|2021| |Realised|and unrealised||||||| |investment
gains|(losses)l|55,422|4,077|59,499|114,015|11,699|125,714| ## |12|Tangible fixed assets|Tangible fixed assets||||| |---|---|---|---|---|---|---| |||||Improvements|Furniture,|Total| |||||to long|furnishings
&|| |||||leasehold|equipment|| |||||premises||| ||Cost|||||| ||At 1 April 2021|||1,661,491|230,443|1,891,934| ||Additions||||27,213|27,213| ||At 31 March|2022||1,661,491|257,656|1,919,147| ||Depreciation|and impairment||||| ||At 1 April 2021|||581,107|199,850|780,957| ||Depreciation|charged|in the year|33,978|13,284|47,262| ||At 31 March|2022||615,085|213,134|828,219| ||Carrying
amount|||||| ||At 31 March|2022||1,046,406|44,522|1,090,928| ||At 31 March|2021||1,080,384|30,593|1,110,977| ## |Fixed asset investments|||| |---|---|---|---| ||Listed|Common|Total| ||investments|investment|| |||funds|| |Cost or valuation|||| |At 1 April 2021|649,623|89,133|738,756| |Valuation
changes|52,881|6,618|59,499| |Reclassification|(9,813)|9,813|| |Disposals||(18,680)|(18,680)| |At 31 March 2022|692,691|86,884|779,575| |Carrying
amount|||| |At 31 March 2022|692,691|86,884|779,575| |At 31 March 2021|649,623|89,133|738,756| ## |13|Fixed asset investments||||(Continued)| |---|---|---|---|---|---| ||Analysis
of investment|portfolio|||2022| ||Representing
over 5%ofthe portfolio value||||| ||M8 G Securities
Limited
Charifund|||Income Units|86,884| ||Dunedin
Income Growth|Inv Trust||pic Ord 25p|56,625| ||Merchants
Trust pic Ord|25p|||58,733| ||Murray
Income Trust pic|Ord 25p|||57,590| ||International
Public Partnership||Ord shares||56,441| ||Brunner
Investment
Trust||||40,600| ||||||356,873| ||Investments
less than 5%of the|||portfolio value|| ||AXA Framington||||14,085| ||City Merchants
High Yield Trust||||28,440| ||Invesco Fund Managers|Ltd Corporate
Bond|||13,398| ||Twentyfour
Sel Monthly
Income||Fund||11,570| ||Downing
Ren 8 Infra Trust||||16,050| ||HICL Infrastructure||||35,600| ||Renewables
Infrastructure||||23,112| ||Sequaio Economic Infra|Income|Fund||3,304| ||City of London
Investment|Trust|||22,880| ||Edinburgh
Investment
Trust||||17,118| ||Avi Global Trust||||19,960| ||BNY Mellon Global Inc||||20,893| ||F8C Investment
Trust||||17,380| ||Henderson
Intl Trust||||31,770| ||J P Morgan
Global Growth 8 Income||||35,475| ||Threadneedle
Global Eq|Inc|||30,222| ||Troy Trojan Global||||15,332| ||Aberdeen
Diversified
Inc|8 Growth||Trust|8,424| ||Roy Ldn Cis Sust Divers|Trust|||19,409| ||Schroders Real Estate||||13,872| ||BMO Commerical
Property Trust||||13,848| ||Tritax Eurobox||||10,560| ||||||422,702| ||Total market value ofinvestments||||779,575| ||All investments
are registered
in||the UK.||| ## |14|Stocks||||||| |---|---|---|---|---|---|---|---| |||||||2022|2021| |||||||F|F| ||Provisions
and||consumables|||4,474|2,989| |15|Debtors||||||| |||||||2022|2021| ||Amounts
falling due|||within one year:|||| ||Trade debtors|||||13,299|16,903| ||Prepayments|and accrued income||||21,345|22,110| |||||||34,644|39,013| |16|Creditors: amounts|||falling due within one year|||| |||||||2022|2021| ||||||Notes||F| ||Other taxation||and social security|||10,572|9,735| ||Deferred income||||17||38,665| ||Trade creditors|||||24,045|22,141| ||Other creditors|||||45,808|3,474| ||Accruals and|deferred||income||4,200|4,080| |||||||84,625|78,095| |17|Deferred income||||||| |||||||2022|2021| ||||||||F| ||Arising
from Grants||||||38,665| ## ||||N
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z|0|||||||||||||||||| ## ## ## ||||Movement|in funds||Movement|in funds|| |---|---|---|---|---|---|---|---|---| ||1|Balance at
April 2020|Incoming
resources|Revaluations,
gains and
losses|Balance at
1 April 2021|Incoming
resources|Revaluations,
Balance at
gains and 31 March 2022
losses|| ||||||f||f|F| |Cyclical||||||||| |Maintenance||||||||| |Fund||534,669|26,514|114,015|675,198|28,098|55,422|758,718| |||534,669|26,514|114,015|675,198|28,098|55,422|758,718| |CU||O||CD|CO
lA|lAO|CQ
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00|CO|N| |||N||O
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O|O
N||CO| ## ## |Operating
lease|com|mitments|||||||| |---|---|---|---|---|---|---|---|---|---| |At the reporting|end|date the|charity|had outstanding||commitments|for future|minimum
lease|payments| |under non-cancellable||operating|leases, which||fall due|as follows:|||| |||||||||2022|2021| ||||||||||F| |Within one year||||||||2,660|2,660| |Between two and|five|years||||||4,399|6,913| |In over five years||||||||3,625|3,770| |||||||||10,684|13,343| ||Lease payment
recognised as|Lease payment
recognised as|an expense|in 2022 totalled E2„479(2021:E2,660).|in 2022 totalled E2„479(2021:E2,660).||| |---|---|---|---|---|---|---|---| |23|Capital commitments|||||2022|2021| ||At 31 March 2022 the|charity had capital commitments|||as follows:||| ||Contracted
for but not|provided|in the financial statements:||||| ||Acquisition
of property,|plant and equipment||||70,333|| |24|Related party transactions||||||| |25|Cash generated
from|Cash generated
from|operations|operations||||2022|2021| |---|---|---|---|---|---|---|---|---|---| ||||||||||F| ||Surplus for the year|||||||23,754|2,498| ||Adjustments
for:||||||||| ||Investment
income|recognised||in statement||offinancial|activities|(30,948)|(28,965)| ||Depreciation
and impairment
oftangible||||fixed assets|||47,261|41,819| ||Movements
in working||capital:||||||| ||(increase)/decrease|in|stocks|||||(1,485)|'1,549| ||Decrease/(increase)|in|debtors|||||4,369|(11,082)| ||Increase/(decrease)|in|creditors|||||45,196|(8,307)| ||(Decrease)/increase|in|deferred|income||||(38,665)|38,665| ||Cash generated
from||operations|||||49,482|36,177| |26|Analysis ofchanges||in net funds||||||| ||The charity had no|debt during||the year.||||||