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|**Page:**||
|---|---|
|**1**|Reference and administration detail|
|2|Trustees' and Executive Committee Report|
|3|Independent Examiner's Report|
|**4**|Statement of Financial Activities|
|5|Balance Sheet|
|**6−10**|Notes to the Financial Statements|
|11|Appendix|



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|**Address**|Bromwich Road, Worcester, Worcestershire, WR2 **4BE**|
|---|---|
|**Bankers**|Lloyds Bank, Worcester Bank, 4 The Cross, Worcester Branch, WR1 3PY|
|**Legal advisers**|Quality Solicitors Parkinson Wright, Haswell House, St Nicholls Street, Worcester,|
||WR1 1UN|
|**Investment managers**|Quitters, 8th Floor, Two Snowhill, Birmingham, B4 6GA|
|**Accountants**|BDO LLP, Two Snowhill, Birmingham, B4 6GA|
|**Independent examiner**|S Hale, Perrys Audit Limited|





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|**The thist is **|**goVerned**|**by a 'tr**|**ust **|
|---|---|---|---|
|**TRUSTEES**||||
|**The trustees **|**are:..**||1|
|**l`Gar'cli**||||
|r't<br>**Mf'S S Yuill**|**r**|•••••||
|**Miss G Gardiner**||||



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||||||||**Notes**|**2023**||**2022**|**2022**|
|---|---|---|---|---|---|---|---|---|---|---|---|
|**Income from:**||||||||||||
|**InveStrfients**|||||||2|**39,868−.1**||||
|**„_. , , %,)**<br>**Total Income**|||**;**|||**••:•,::**||**39,868**||||
|||||_)_|_r_|||||||
|**Expercdilcire on**||||||||||||
|**Cost of generating funds**|||||||**3**|**22,553**|||**21,540**|
|**−i•i,**<br>Charitable activities<br>Activitiesundeitaken<br>Support costs.<br>:. '<br>−<br>I'||−|||||5<br>‘−6−|**1,000**<br>**,**<br>**17,390t •'−' ' **||**? I . . .**<br>**II .;."1**<br>**,,**<br>**,**<br>:2$6151<br>**' ' ' ' ' "**<br>**−.ii064−'**||
|**Total expenditure**||||||||**40,943**|||**39,709**|
|**Net incoming/(outgoing) resources**||||||||**(1,075)**|||**4,203.**|
|**•**||||||||||||
|**Gains/(losses) on:**<br>**Investment Assets:**||||||||||t1,134W))||
|**:−•**|||||||**8**|**(7,990)**|||.1Arc,1<br>**20A75**|
|**Unrealised**|||||||**−8 '**|**(68,310)**|||**30,980**|
|||||||||**(76,300)** ci:;1d1<r.,Tru5.1,4A5A||||
|**Properly Assets:**||||||||||||
||||||||**7**||||**(5,000)**|
|**Realised**||||||||**(5,788)**||||
|**Net movements in funds**||||||||**(83,163)**|||**50,658**|
|**Total funds at 6 April 2022**||||||||||||
|**Total funds at 5 April **|**2023**|||||||**1,640,319**|||**1,723,482**|





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|||||**Notes**||**2023**|||||||**2022**|**2022**||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||**.**||||||||
|**FIXED ASSETS**||||||||||||||.1;|4t.,|14||
|**Freehold land and property'**||||**7**||||||**131,826**|||||**v.−135;85710**|||
|**_**<br>**Investments**<br>**Investment−properties**|k •:' **c•−**<br>**— −' −**||**−−−−**<br>**−**|**8**<br>**−9**||||||**996,653**<br>**420,000**||||||**958,854,**<br>**e;•(−,1**<br>**595,000**||
|||||||||**1,548,479**||||||||||
||||||||||||||**• −**|||||
|**CURRENT ASSETS**<br>**Debtors**<br>'<br>.1<br>'<br>... i . N<br>l / I : .,)<br>**Cash at bank and in hand**<br>**,.**<br>**s,•••**<br>**..........**<br>**_**<br>**___ ._.. ._**<br>**_. . .. .**||||**10**|**3 651**<br>**,**<br>**94,796_**<br>**98,447**|||||||**...**<br>c::.−12ivi.,s<br>kits 'r<br>**4,399**<br>(19,;t1YZ<br>**35,060**<br>**I__ ..„4..,...z,.,•,...−,**<br>**39,459**<br>**•:3•1!. i;',−g−sq.•••...., I.:. f.−.1**||||||
|**...__ _.___. _ .... ....... ...._.**<br>**CURRENT LIABILITIES**||||||||||||||||||
|**•,−i,**<br>**. , • .**<br>**Creditors**|**•;−"S ', '**|||**11**|**(6,607)**|||||**ir‘:−.−_, tt..li., . i i ri**<br>**' (5,682)"**||||||||
|**NET CURRENT ASSETS**||||||||||**91,840**|||**.•−?o**|||||
|**TOTAL ASSETS**||||||||**1,640,319**||||||**J.**<br>!<br>**1.723.482**||||
|||||||||||||||||i|I|
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|,k(cp)*ApLATED. **FUNDS**||||||||||||||||||
|**Unrestricted**||||||||**1,640,319**||||||||||
|**i**||||||||||||||||||
||||||||||||||||1,14;2_t14,•_4"i_|||
|**Apployed., lby the trustees Arld,authorised**<br>**and.signed on their behalf−by**<br>**−**||||**for issue on**||||||||r2,70c 3rq, ,1|||,s−11..1;−1.|||
||||||||||||||c. :1A e||zbnos||T|
|||||||||**r**|**j**|**r**||||||||
||||||||**I**||||ti|tt||n1||..:l||





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|**2**|**INCOME FROM INVESTMENTS**||**2023**||**2022**|
|---|---|---|---|---|---|
||Rent receivable||**16,425**||22,968|
||Dividends||**23,411**||20,940|
||Bank interest||32||4|
||||**39,868**||43,912|
|**3**|**COST OF GENERATING FUNDS**||**2023**||**2022**|
||Property management fees||**3,072**||4,391|
||Repairs and renewals||**9,468**||5,271|
||Investment management costs||**10,013**||11,878|
||||**22,553**||21,540|
|**4**|**CHARITABLE ACTIVITIES**|**Activities**||||
|||**Undertaken**|**Support**|**Total**|**Total**|
|||**Directly**|**Costs**|**2023**|**2022**|
|||**(see note 5)**|**(see note 6)**|||
||General Charitable Purposes|**1,000**|**17,390**|**18,390**|18,169|
|**5**|**GRANTS PAID OR PAYABLE**|**Registered**|**2023**||**2022**|
|||**Charity No.**||||
||Good Soil|**1163345**|||1,000|
||Worcester Foodbank|**1128121**|**1,000**||1,000|
||||**1,000**||2,000|





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|**6**|**EXPENDITURE ON CHARITABLE ACTIVITIES**|**2023**|**2022**|
|---|---|---|---|
|||**E**|**E**|
||Water rates and insurance|**956**|867|
||Council rates|**896**|491|
||Ministerial costs|**7,920**|7,920|
||Depreciation (Note 7)|**4,025**|4,025|
||Accountancy fees −including independent examiners|||
||fees of £1,140 (2022: £794)|**3,593**|2,866|
|||**17,390**|16,169|



|Freehold land and property on Bro|mwich Road comprising:||||
|---|---|---|---|---|
||||**Undeveloped**||
||**Mission Hall**|**School Hall**|**land Et garage**|**Total**|
||**E**|**E**|**C.**|**E**|
|**CostNaluation**|||||
|At 6 April 2022|**166,232**|**35,000**|**13,000**|**214,232**|
|At 5 April 2023|**166,232**|**35,000**|**13,000**|**214,232**|
|**Depreciation**|||||
|At 6 April 2022|**60,181**|**18,200**||**78,381**|
|Charge for year|**3,325**|**700**||**4,025**|
|At 5 April 2023|**63,506**|**18,900**||**82,406**|
|**Net Book Value**|||||
|**At 5 April 2023**|**102,726**|**16,100**|**13,000**|**131,826**|
|At 6 April 2022|106,051|16,800|13,000|135,851|
|**CostNaluation**|||||
|Valuation 1980|166,232|35,000|13,000|214,232|
|Improvements at cost|−||||
|||||_|
||166,232|35,000|13,000|214,232|





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|**8**|**INVESTMENTS**|**2023**|**2022**|
|---|---|---|---|
||**Valuation**|||
||Brought forward as at 6 April 2022|**898,673**|811,160|
||Additions|**309,801**|112,566|
||Disposals|**(182,525)**|(76,508)|
||Unrealised (losses)/gains|**(68,310)**|30,980|
||Realised (losses)/gains|**(7,990)**|20,475|
||Carried forward as at 5 April 2023|**949,649**|898,673|
||Uninvested cash capital|**47,004**|60,181|
||Total Investments|**996,653**|958,854|
||Included in investments are the following significant investments in excess of 5% of the total of the portfolio value|||
||for each year.|||



||**2023**|**2022**|
|---|---|---|
|HSBC ETFS PLC S P 500 UCITS|**70,578**|73,237|
|Schroder Inv Mgmt Europe SA US Large Cap X GBP Dis|**73,599**|77,812|



||||**2023**|**2022**|
|---|---|---|---|---|
||Listed securities −UK||**825,784**|722,527|
||Listed securities −Overseas||**123,865**|176,146|
||Total listed securities||**949,649**|898,673|
||Cash held on deposit at the fund managers||**47,004**|60,181|
||||**996,653**|958,854|
|||**Cottages 146−148**|**158**||
|**9**|**INVESTMENT PROPERTY**|**Bromwich Road**|**Bromwich Road**|**Total**|
||Brought forward as at 6 April 2022|**420,000**|**175,000**|**595,000**|
||Disposal during the year||**(175,000)**|**(175,000)**|
|||**420,000**||**420,000**|





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|**10 **|**DEBTORS**|**2023**|**2022**|
|---|---|---|---|
|||**E**|**E**|
||Prepayments and accrued income|**3,651**|**4,399**|
|**11 **|**CREDITORS**|**2023**|**2022**|
|||**E**|**E**|
||Accruals|**6,607**|5,682|
|**12 **|**FINANCIAL INSTRUMENTS**|**2023**|**2022**|
|||**E**|**E**|
||**Financial assets**|||
||Cash and cash equivalents|**94,796**|35,060|
||Financial assets that are debt instruments|||
||measured at amortised cost|**3,651**|4,399|
|||**98,447**|39,459|
||**Financial liabilities**|||
||Financial liabilities measured at amortised cost|**(6,607)**|(5,682)|



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