2021-04-05-accounts

Page:
	Reference and administration detail
	Trustees' and Executive	Committee	Report
	Independent Examiner's	Report
	Balance Sheet
	Statement of Financial	Activities
6-10	Notes to the Financial	Statements
	Appendix

Reference	and administration detail:	and administration detail:	and administration detail:
Registered	charity number	227474
Address		Bromwich	Road, Worcester, Worcestershire,		WR2 4BE
Bankers		Lloyds Bank, Worcester		Branch, 4The Cross,	Worcester Branch, WR1 3PY
Legal advisers		Quality Solicitors Parkinson Wright, Haswell			House, St	Nicholls Street, Worcester,	WR1
		1UN
Investment	managers	Quilters,	8th Floor, Two	Snowhill, Birmingham, 84 6GA
Accountants		BDO LLP,	Two Snowhill,	Birmingham, 84 6GA
Independent	examiner	J Duncan,	Gilbert Allen	BCo, Churchdown Chambers,		Bordyke, Kent, TN9 1NR

		Notes	2021		2020
FIXED ASSETS
Freehold land and property				139,876		143,901
Investments				838,977		682,374
Investment properties				600,000		600,000
				1,578,853		1,426,275
CURRENT ASSETS
Debtors			3,794		2,818
Cash and bank	balances		95,752		89,920
			99,546		92,738
CURRENT LIABILITIES
Creditors			(5,575)		(5,023)
NET CURRENT	ASSETS			93,971		87,715
TOTAL ASSETS				1,672,824		1,513,990
ACCUMULATED	FUNDS
Unrestricted				1,672,824		1,513,990

					Notes	2021	2020
						E	f
Income from:
Investments						43,051	44,297
Total income						43,051	44,297
Expenditure on:
Cost of generating			funds			16,675	18,882
Charitable activities						15,785	15,319
Total expenditure						32,460	34,201
Net incoming/(outgoing)				resources		10,591	10,096
Gains/(losses)	on:
Investment Assets:
Realised						30,288	33,579
Unrealised						117,955	(133,925)
						148,243	(100,346)
Property Assets:
Revaluation
Net movements		in	funds			158,834	(90,250)
Total funds at	5 April 2020					1,513,990	1,604,240
Total funds at	5	April 2021				1,672,824	1,513,990

2	INCOME FROM INVESTMENTS	INCOME FROM INVESTMENTS	INCOME FROM INVESTMENTS		2021	2020
					E	E
	Rent receivable				22,506	23,155
	Dividends				20,534	20,721
	Offshore reportable income		& Accumulations			402
	Bank interest					19
					43,051	44,297
3	COST OF GENERATING	FUNDS			2021	2020
					E	E
	Property management	fees			2,833	3,031
	Repairs and renewals				2,512	3,344
	Investment management	costs			11,330	12,507
					16,675	18,882
4	EXPENDITURE ON CHARITABLE ACTIVITIES				2021	2020
					E	E
	Water rates and insurance				826	795
	Council rates				230	254
	Ministerial costs				7,920	7,920
	Depreciation (Note 5)				4,025	4,025
	Accountancy fees - including			independent
	examiners fees of E700 (2020			- E684)	2,784	2,325
					15,785	15,319

Freehold	land	and property	on Bromwich	Road com	prising:
							Undeveloped
			Mission	Hall	School	Hall	land 8 garage	Total
			E		E		E	E
Costfyaluation
At 6 April	2020		166,232			35,000	13,000	214,232
At 5 April	2021		166,232			35,000	13,000	214,232
Depreciation
At 6 April	2020			53,531		16,800		70,331
Charge for year				3,325		700		4,025
At 5 April	2021			56,856		17,500		74,356
Net Book	Value
At 5 April	2021		109,376			17,500	13,000	139,876
At 6 April	2020		112,701			18,200	13,000	143,901
Costfyaluation
Valuation	1980		166,232			35,000	13,000	214,232
Improvements		at cost
			166,232			35,000	13,000	214,232

6	INVESTMENTS							2021	2020
								6	6
	Valuation
	Brought forward	as at 6 April 2020						659,106	735,121
	Additions							253,852	223,165
	Disposals							(250,041)	(198,834)
	Unrealised gains/(lasses)							117,955	(133,925)
	Realised gains							30,288	33,579
	Carried forward	as at 5 April 2021						811,160	659,106
	Uninvested cash	capital						27,817	23,268
	Total Investments							838,977	682,374
	Included in investments		are the following		significant		investments	in excess of 55 of the total portfolio value
	for each year.
								2021	2020
								E	E
	Findlay Park Funds PLC							37,023	57,542
	HSBC ETFS PLC S&P 500		UCITS					61,099	42,785
	The market value of the		investments	comprises;
								2021	2020
								E	E
	Listed securities	—UK						641,949	471,827
	Listed securities	- Overseas						169,211	187,279
	Total listed securities							811,160	659,106
	Cash held on deposit at the fund managers							27,817	23,268
								838,977	682,374
7	INVESTMENT PROPERTY				Cottages	146-148		158
					Bromwich		Road	Bromwich Road	Total
						E		E	6
	Brought forward	as at 6	April 2020			420,000		180,000	600,000
	Revaluation during the year
	Carried forward	as at 5 April 2021				420,000		180,000	600,000

8	DEBTORS						2021	2020
							E	E
	Loan							100
	Prepayments and accrued income						3,794	2,718
							3,794	2,818
9	CREDITORS						2021	2020
							E	8
	Accruals						5,575	5,023
10	FINANCIAL INSTRUMENTS						2021	2020
							8	E
	Financial	assets
	Cash and	cash equivalents					95,752	89,920
	Financial	assets that are debt			instruments
	measured	at amortised		cost			3,794	2,818
							99,546	92,738
	Financial Financial	liabilities liabilities	measured		at amortised	cost	~5575	(5,023)