## 

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



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





## 

## 

## 

## 

## 

## 

## 



## 

## 

## 

## 

## 

## 

## 



## 

|||Notes|2021||2020||
|---|---|---|---|---|---|---|
|FIXED ASSETS|||||||
|Freehold<br>land and property||||139,876||143,901|
|Investments||||838,977||682,374|
|Investment<br>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<br>on:||||||||
|Cost of generating|||funds|||16,675|18,882|
|Charitable<br>activities||||||15,785|15,319|
|Total expenditure||||||32,460|34,201|
|Net incoming/(outgoing)||||resources||10,591|10,096|
|Gains/(losses)|on:|||||||
|Investment<br>Assets:||||||||
|Realised||||||30,288|33,579|
|Unrealised||||||117,955|(133,925)|
|||||||148,243|(100,346)|
|Property<br>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<br>income||& Accumulations|||402|
||Bank interest|||||19|
||||||43,051|44,297|
|3|COST OF GENERATING|FUNDS|||2021|2020|
||||||E|E|
||Property<br>management|fees|||2,833|3,031|
||Repairs and renewals||||2,512|3,344|
||Investment<br>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<br>costs||||7,920|7,920|
||Depreciation<br>(Note 5)||||4,025|4,025|
||Accountancy<br>fees - including|||independent|||
||examiners<br>fees of E700 (2020|||- E684)|2,784|2,325|
||||||15,785|15,319|





## 

## 

|Freehold<br>|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<br>gains/(lasses)|||||||117,955|(133,925)|
||Realised gains|||||||30,288|33,579|
||Carried forward|as at 5 April 2021||||||811,160|659,106|
||Uninvested<br>cash|capital||||||27,817|23,268|
||Total Investments|||||||838,977|682,374|
||Included<br>in investments||are the following||significant||investments|in excess of 55 of the total portfolio<br>value||
||for each year.|||||||||
|||||||||2021|2020|
|||||||||E|E|
||Findlay<br>Park Funds<br>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<br>Road|Total|
|||||||E||E|6|
||Brought forward|as at 6|April 2020|||420,000||180,000|600,000|
||Revaluation<br>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<br>and accrued income||||||3,794|2,718|
||||||||3,794|2,818|
|9|CREDITORS||||||2021|2020|
||||||||E|8|
||Accruals||||||5,575|5,023|
|10|FINANCIAL<br>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<br>Financial|liabilities<br>liabilities|measured||at amortised|cost|~5575|(5,023)|



## 

##