| Page | |||
|---|---|---|---|
| Reference and Administrative | Details ofthe Trust, Its Trustees and Advisers | ||
| Trustees' Report |
2-5 | ||
| Independent Auditors' |
Report | on the Financial Statements | |
| Statement of Financial | Activities | 10 | |
| Balance Sheet | |||
| Notes to the Financial | Statements | 12 -24 |
| Trustees | Tim Clarke, Co-Optative | Tim Clarke, Co-Optative | Trustee, Chairman | Trustee, Chairman | Trustee, Chairman | Trustee, Chairman | Trustee, Chairman | ||
|---|---|---|---|---|---|---|---|---|---|
| Howard Belton, Co-Optative Trustee |
|||||||||
| Sue Butler, Co-Optative | Trustee | ||||||||
| Beverley Momenabadi, | Co-Optative | Trustee | |||||||
| Hugh Sherrilfe, Nominative |
Trustee | ||||||||
| Phillip Smiglarski, | Co-Optative | Trustee | (resigned 12 | September 2022) | |||||
| The Very Reverend | Matthew Thompson, | Nominative | Trustee | ||||||
| Fred Rattley, Co-Optative | Trustee | ||||||||
| Gurbax Kaur, Co-Optative | Trustee (appointed 12September 2022) | ||||||||
| Charity registered | |||||||||
| number | 228466 | ||||||||
| Principal office | The Estate Office | ||||||||
| Wharf Cottage | |||||||||
| Broombank, Newnham |
Bridge | ||||||||
| Tenbury Wells |
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| Worcestershire | |||||||||
| WR15 6NY | |||||||||
| Clerk to the | Trustees | Chdstine Norgrove |
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| Independent | auditors | Dains Audit Limited | |||||||
| 15Colmore Row | |||||||||
| Birmingham | |||||||||
| B32BH | |||||||||
| Bankers | CAF Bank Limited | ||||||||
| 25 Kings Hill Avenue |
|||||||||
| Kings Hill |
|||||||||
| West Mailing | |||||||||
| Kent | |||||||||
| ME194JQ | |||||||||
| Solicitors | Veale Wasbrough | Vizards | LLP | ||||||
| 3 Brindley Place | |||||||||
| Birmingham | |||||||||
| 812JB | |||||||||
| Investment | Advisers | Investec Wealth & |
Investment | Limited | |||||
| Colmore Plaza | |||||||||
| Colmore Circus | |||||||||
| Birmingham | |||||||||
| B46AT |
| Unrestricted | Restricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| 2023 | 2023 | 2023 | 2022 | ||||
| Note | E | 6 | |||||
| Income from: | |||||||
| Investments | 281,902 | 261,902 | 242,654 | ||||
| Total income | 261,902 | 261,902 | 242,654 | ||||
| Expenditure on: |
|||||||
| Raising funds | 4 | 51,367 | 51,367 | 52,289 | |||
| Charitable activities |
6 | 296,029 | 5,363 | 301,392 | 285,447 | ||
| Total expenditure | 296,029 | 56,730 | 352,769 | 317,736 | |||
| Net (losses)/gains | on investments | (428,007) | (428,007) | 411,485 | |||
| Net movement | in | funds | (34,127) | (484,737) | (518,864) | 336,403 | |
| Reconciliation | of | funds: | |||||
| Total funds brought | forward | 443,583 | 6,906,015 | 7,349,598 | 7,013,195 | ||
| Net movement | in funds | (34,127) | (4&4,737) | (518,864) | 335,403 | ||
| Total funds carried forward | 409,456 | 6,421,278 | 6,830,734 | 7,349,598 |
| Unrestricted | Total |
|---|---|
| funds | funds |
| 2023 | 2023 |
| E | |
| 261,877 | 261,877 |
| 25 | 25 |
| 261,902 | 261,902 |
| Unrestricted | Total |
| funds | funds |
| 2022 | 2022 |
| E | E |
| 242,654 | 242,654 |
| Restricted | Total |
|---|---|
| funds | funds |
| 2023 | 2023 |
| E | E |
| 51,367 | 51,367 |
| Restncted | Total |
|---|---|
| funds | funds |
| 2022 | 2022 |
| E | |
| 52,289 | 52,289 |
| Grants to | Grants to | Total | |
|---|---|---|---|
| Institutions | Individuals | funds | |
| 2023 | 2023 | 2023 | |
| E | E | ||
| Grants | 284,232 | 4,893 | 289,125 |
| Previous grants repaid | (2,500) | (2,500) | |
| Total 2023 | 284,232 | 2,393 | 288,625 |
| Grants to | Grants to | Total | |
|---|---|---|---|
| Institutions | Individuals | funds | |
| 2022 | 2022 | 2022 | |
| E | |||
| Grants | 246,966 | 7,366 | 254,332 |
| Previous grants repaid | (3,098) | (3,098) | |
| Total 2022 | 246,986 | 4,268 | 251,234 |
| Unrestricted | Restricted | ||||
|---|---|---|---|---|---|
| funds | funds | Total | |||
| 2023 | 2023 | 2023 | |||
| E | E | E | |||
| Support costs | 4,251 | 5,363 | 9,614 | ||
| Grants | 289,125 | 289,125 | |||
| Governance | costs | 5,153 | 5,153 | ||
| Previous grants | repaid | (2,500) | (2,500) | ||
| Total 2023 | 296,029 | 5,363 | 301,392 |
| Unrestricted | Restricted | |||
|---|---|---|---|---|
| funds | funds | Total | ||
| 2022 | 2022 | 2022 | ||
| 6 | 8 | E | ||
| Support costs | 4,099 | 5,363 | 9,462 | |
| Grants | 254,332 | 254,332 | ||
| Governance | costs | 4,751 | 4,751 | |
| Previous grants repaid | (3,098) | (3,098) | ||
| Total 2022 | 260,084 | 5,363 | 265,447 |
| Grant | ||||
|---|---|---|---|---|
| funding of |
Support | Total | ||
| activities | costs | funds | ||
| 2023 | 2023 | 2023 | ||
| 6 | 8 | |||
| Support costs | 9,614 | 9,814 | ||
| Grants | 289,125 | 289.125 | ||
| Governance | costs | 5,153 | 5,153 | |
| Previous grants repaid | (2,500) | (2,500) | ||
| 286,625 | 14,767 | 301,392 |
| Grant | ||||
|---|---|---|---|---|
| funding of |
Support | Total | ||
| activities | costs | funds | ||
| 2022 | 2022 | 2022 | ||
| 6 | 6 | |||
| Support costs | 9,462 | 9,462 | ||
| Grants | 254,332 | 254,332 | ||
| Governance | costs | 4,751 | 4,751 | |
| Previous grants repaid | (3,098) | (3,098) | ||
| 251,234 | 14,213 | 265,447 |
| Support | Governance | Total | |
|---|---|---|---|
| Costs | Costs | funds | |
| 2023 | 2023 | 2023 | |
| E | E | E | |
| Secretarial and administration | 9,019 | 731 | 9,750 |
| Sundry expenses | 485 | 485 | |
| Bank fees | 110 | 110 | |
| Accountancy fees | 4,422 | 4,422 | |
| Total 2023 | 9,614 | 5,153 | 14,767 |
| Support | Governance | Total | |
| Costs | Costs | funds | |
| 2022 | 2022f | 2022 E |
|
| Secretadal and administration | 9,019 | 731 | 9,750 |
| Sundry expenses | 298 | 298 | |
| Bankfees | 145 | 145 | |
| Accountancy fees | 4,020 | 4,020 | |
| 'Total 2022 | 9,462 | 4,751 | 14,213 |
| Listed | |
|---|---|
| Investments | |
| 6 | |
| Cost or valuation | |
| At 6 April 2022 | 7,155,798 |
| Additions | 492,404 |
| Disposals | (807,694) |
| Revaluations | (350,562) |
| At 5 April 2023 | 8,489,848 |
| Net book value | |
| At 5 April 2023 | 6,489,946 |
| At 5 April 2022 | 7,155,798 |
| Current | ||||
|---|---|---|---|---|
| Bookcost | value | |||
| 2023 | 2023 | |||
| E | 5 | |||
| Breakdown of investments |
||||
| UK Fixed | Interest | 1,317,716 | 1,229,663 | |
| Overseas | Fixed Interest | 374,380 | 356,454 | |
| UK Equities | 1,605,562 | 1,747,907 | ||
| European | Equities | 269,890 | 303,557 | |
| North American Equities |
582,246 | 613,920 | ||
| Japanese | Equities | 219,840 | 237,317 | |
| Far East | &Australasian | Equities | 308,965 | 310,599 |
| Emerging | Economies | 96,090 | 103,703 | |
| UK Property | 588,744 | 393,463 | ||
| Alternative | Assets | 1,000,031 | 993,363 | |
| 6,363,444 | 6,489,946 |
| 2023 | 2022 | |
|---|---|---|
| 6 | 6 | |
| Due within one year | ||
| Other debtors | 6,000 | |
| Accrued interest | 9,543 | 4,027 |
| Tax recoverable | 1,687 | |
| 14,543 | 5,714 |
| 2023 | 2022 |
|---|---|
| 6 | 6 |
| 310,721 | 186,195 |
| 2023 | 2022 |
|---|---|
| 6 | 6 |
| 9,630 | 11,488 |
| Statement offunds | ~current | year | ||||
|---|---|---|---|---|---|---|
| Balance at 6 | Gains) | Balance at 5 | ||||
| April 2022 | Income 6 |
Expenditure | (Losses) f |
April 2023 | ||
| Unrestricted funds |
||||||
| Designated funds |
||||||
| Designated Funds |
250,000 | 250,000 | ||||
| General funds | ||||||
| General Funds | 193,583 | 261,902 | (296,029) | 159Q6 | ||
| Total Unrestricted | funds | 443,583 | 261,902 | (296,029) | 409,456 | |
| Restricted funds | ||||||
| Restricted Fund |
6,906,015 | (56,730) | (428,007) | 6,421,278 | ||
| Total offunds | 7,349,598 | 261,902 | (352,759) | (428,007) | 6,830,734 |
| Statement | offunds | - prior y | ear | ||||
|---|---|---|---|---|---|---|---|
| Balance at | Gains/ | Balance at | |||||
| 6 April 2021 | Income | Expenditure | (Losses) | 5 April 2022 | |||
| E | E | E | E | F | |||
| Unrestricted funds |
|||||||
| Designated | funds | ||||||
| Designated | Funds | 250,000 | 250,000 | ||||
| General funds | |||||||
| General Funds | 211,013 | 242,654 | (260,084) | 193,583 | |||
| Total Unrestricted | funds | 461,013 | 242,854 | (280,084) | 443,583 | ||
| Restricted | funds | ||||||
| Restricted | Funds | 6,552,182 | (57,652) | 411,485 | 6,906,015 | ||
| Total offunds | 7,013,195 | 242,654 | (317,736) | 411,485 | 7,349,598 | ||
| Summary | offunds | ||||||
| Summary | offunds | - current | year | ||||
| Balance at6 | Gains/ | Balance at 5 | |||||
| April 2022 6 |
Income K |
Expenditure f |
(Losses) E |
April 2023 6 |
|||
| Designated | funds | 250,000 | 250,000 | ||||
| General funds | 193,583 | 261,902 | (296,029) | 159,456 | |||
| Restricted funds | 6,906,015 | (56,730) | (428,007) | 6,421,278 | |||
| 7,349,598 | 261,902 | (352,759) | (428,007) | 6,830,734 |
| Summary | offunds - prio | r year | ||||
|---|---|---|---|---|---|---|
| Balance at | Gains/ | Balance at | ||||
| 6April2021 | Income | Expenditure | (Losses) | 5 Apdl 2022 | ||
| 8 | 8 | 6 | E | 8 | ||
| Designated | funds | 250,000 | 250,000 | |||
| General funds | 211,013 | 242,654 | (260,084) | 193,583 | ||
| Restricted | funds | 6,552,182 | (57,652) | 411,485 | 6,906,015 | |
| 7,013,195 | 242,654 | (317,736) | 411,485 | 7,349,598 |
| Analysis | ofnet assets between funds - cur | rent year | ||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| 2023 | 2023 | 2023 | ||
| 6 | 6 | 6 | ||
| Fixed asset investments | 68,668 | 6,421,278 | 6,489,946 | |
| Current | assets | 350,418 | 350,418 | |
| Creditors | due within one year | (9,630) | (9,630) | |
| Total | 409,456 | 6,421,278 | 6,830,734 |
| Analysis | of net assets between funds ~prio |
r year | ||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| 2022 | 2022 | 2022 | ||
| 6 | 6 | |||
| Fixed asset investments | 249,783 | 6,906,015 | 7,155,798 | |
| Current | assets | 205,288 | 205,288 | |
| Creditors | due within one year | (11,488) | (11,488) | |
| Ttl | 443,583 | 6,906,015 | 7,349,598 |