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||||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|
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|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||||||||
|||Worcestershire||||||||
|||WR15 6NY||||||||
|Clerk to the|Trustees|Chdstine
Norgrove||||||||
|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||||||||
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|||||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|
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|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|
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|Restricted|Total|
|---|---|
|funds|funds|
|2023|2023|
|E|E|
|51,367|51,367|
|Restncted|Total|
|---|---|
|funds|funds|
|2022|2022|
|E||
|52,289|52,289|
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||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|
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||||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|
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|||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|
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|||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|
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||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|
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||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|
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||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|
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|2023|2022|
|---|---|
|6|6|
|310,721|186,195|
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|2023|2022|
|---|---|
|6|6|
|9,630|11,488|
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|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|
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|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|
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|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|
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|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|
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|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|
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