| ~Pa e | ||
|---|---|---|
| Legal and Administrative | Information | 1to2 |
| Trustees Report | 3to4 | |
| Trustees Responsibilities |
||
| Report ofthe Auditors | 5to7 | |
| Statement of Financial | Activities | |
| Balance Sheet | ||
| Notes tothe Accounts | 10to 16 |
| Retirement date |
|||||||
|---|---|---|---|---|---|---|---|
| D.J.Evans | F.C.A. (Chairman) | 24 June 2025 | |||||
| M.J. Harris | M.B.E.,J.P., M.A. | (Vice Chairman | to31.12.2021) | 30November 2022 | |||
| Dr. R.Davies (Vice Chairman | from 01.0"l.2022) | 28 February 2026 | |||||
| R.G. Smith | F.R.I.C.S. | 21 August 2024 | |||||
| E.J.Curtis | F.C.I.B. | 20 May 2026 | |||||
| D. Mason | 24 August 2023 | ||||||
| T.Proctor | B.Sc. | 28 April 2023 | |||||
| Mrs. V. Kershaw | 24 October 2026 | ||||||
| Mrs. J.McNaney | 29October 2022 | ||||||
| S.Sharpe | 30October 2025 | ||||||
| 9 | Nominative | appointed | by the | City Council | of Coventry | under | clause 4 |
| Councillor | M. Lapsa | 16May 2024 | |||||
| Councillor | Mrs. C. Miks | 16May 2024 | |||||
| Councillor | R. Lakha | 16May 2024 | |||||
| Mrs. P. Hetherton | 16May 2024 | ||||||
| Councillor | J.Clifford | 16May 2024 | |||||
| Councillor | T.Jandu | 16May 2024 | |||||
| Mrs. E.Eaves | Deceased 5July 2021 |
| Unrestricted | Unrestricted | |||||||
|---|---|---|---|---|---|---|---|---|
| Accumulated | Designated | Endowment | Total | Total | ||||
| income | funds | funds | 2021 | 2020 | ||||
| Notes | f. | F | ||||||
| INCOME FROM: | ||||||||
| Charitable Activities |
||||||||
| Rents | 31,646 | 31,646 | 30,427 | |||||
| Investments | ||||||||
| Investment income |
2 | 7884 | 7,884 | 7,918 | ||||
| Total incoming resources |
39,530 | 39,530 | 38,345 | |||||
| EXPENDITURE ON: | ||||||||
| Raising Funds | ||||||||
| Investment management |
costs | 463 | 463 | 428 | ||||
| Charitable Activities |
||||||||
| Accommodation costs |
3 | 55,250 | 55,250 | 26,695 | ||||
| Governance costs |
4 | 4,116 | 4,116 | 4,165 | ||||
| Total resources expended | 59,829 | 59,829 | 31,288 | |||||
| Net incomel (expenditure) | before | |||||||
| Investment gains/ (losses) |
(20,299) | (20,299) | 7,057 | |||||
| Net Gainsl(Losses) on investment |
assets | 16,162 | 16,870 | 33,032 | (13,268) | |||
| Net income/(expenditure) | being | |||||||
| Net movement in funds |
(4,137) | 16,870 | 12,733 | (6,211) | ||||
| Reconciliation offunds: | ||||||||
| Total funds brought forward |
163,191 | 29,283 | 317,327 | 509,801 | 51l6,012 | |||
| Total funds carried forward | 118 13 | 159,054 | 29,283 | 334,197 | 522,534 | 509,801 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Notes | F | |||||
| FIXEDASSETS | ||||||
| Tangible assets | 205,775 | 205,775 | ||||
| Investments | 303,946 | 283,650 | ||||
| Total fixed assets | 509,721 | 489,425 | ||||
| CURRENT ASSETS | ||||||
| Debtors | 2,829 | 2,791 | ||||
| Cash at bank | 24,384 | 30,758 | ||||
| Total current assets | 27,213 | 33,549 | ||||
| CREDITORS: Amounts | falling due | |||||
| within one year | 10 | (14,400) | (13,173) | |||
| NET CURRENT ASSETS | 12,813 | 20,376 | ||||
| NET ASSETS | 522,534 | 509,801 | ||||
| THE FUNDS OF THE | CHARITY | |||||
| Permanent endowment |
funds | 334,197 | 317,327 | |||
| Unrestricted income funds |
188,337 | 192,474 | ||||
| TOTAL FUNDS | 522,534 | 509,801 |
| forthe | forthe | year ended 3 | 1 December | 2021 | |||
|---|---|---|---|---|---|---|---|
| ACCONIMODATION | COSTS | 2021 | 2020 | ||||
| F | F | ||||||
| Repairs and maintenance | 34,785 | 8,244 | |||||
| Rates and water charges | 1,551 | 2,645 | |||||
| Insurance | 1,199 | 1,445 | |||||
| Light and heat | 13,867 | 10,513 | |||||
| Support costs - | The General | Charity, | Coventry | 3,825 | 3,825 | ||
| TV Licences | 23 | 23 | |||||
| 55,250 | 26,695 | ||||||
| ccommodation | costs relates | solely | to Llnrestricted | Income fund | in the current and preceding | year. | |
| GOVERNANCE | COSTS | 2021 | 2020 | ||||
| Subscription s | 171 | 179 | |||||
| Audit | 2,270 | 2,150 | |||||
| Accountancy | 1,000 | 1,000 | |||||
| Support costs - | The General | Charity, | Coventry | 675 | 675 | ||
| Advertising | 161 | ||||||
| 4,165 |
| FIXEDASSET INVESTMENTS | Quoted | |
| investments | ||
| Market value at 1 January 2021 | 283,650 | |
| Additions | 33,727 | |
| Disposals | (46,463) | |
| Change in market value |
33,032 | |
| Market value at 31 December 2021 | 303,946 | |
| Quoted investments at market value comprise: |
2021f | 2020 |
| British Government securities |
12,026 | 15,358 |
| Other UK fixed interest | 12,400 | 16,193 |
| Overseas fixed interest | 19,655 | 20,514 |
| Global Equities | 83,682 | 75,606 |
| Unit trusts | 146,155 | 122,297 |
| Equity Investment Instruments |
19,503 | 12,507 |
| Other assets | 10,525 | 21,005 |
| 303,946 | 283,650 |
| Included in th |
e above are the following representing more |
than 5%ofthe portfolio:- | ||
|---|---|---|---|---|
| Market | ||||
| value | ||||
| F | ||||
| Artemis Global Income Units | 15,289 | |||
| HSBC ETFS | S8P UCITS ETF | 17,897 | ||
| 8. | DEBTORS | 2021 | 2020 | |
| Rents | 692 | 1,104 | ||
| Prepayments | and accrued income | 2,137 | 1,687 | |
| 2,829 | 2,791 |
| forthe year e | nded 31 December 2021 | |||||
|---|---|---|---|---|---|---|
| 9. | CASH AT BANK | 2021 | 2020 | |||
| Current account | 11,484 | 14,330 | ||||
| Quilter Cheviot | 12,899 | 16,428 | ||||
| 24,384 | 30,758 | |||||
| 10. | CREDITORS: Amounts | falling due within one year | 2021 | 2020 | ||
| Rents | 1,135 | 495 | ||||
| Accruals | 13,265 | 12,678 | ||||
| 14,400 | 13,173 | |||||
| 11. | UNRESTRICTED FUNDS | |||||
| Analysis ofmovements | in unrestricted | funds —current year |
| Analysis | ofmove | ments in unres |
tricted funds —curren |
t year | ||
|---|---|---|---|---|---|---|
| Balance at | Gains | Losses | Balance at | |||
| 1 January | and | and | 31 December | |||
| 2021 | income | e~xendttnre | 2021 | |||
| F | F | |||||
| Designated | funds: | |||||
| Extraordinary | repair | fund | 13,540 | 13,540 | ||
| Cyclical Maintenance | fund | 15,743 | 15,743 | |||
| 29,283 | 29,283 | |||||
| Accumulated | income | 163,191 | 55,692 | (59,829) | 159,054 | |
| 192,474 | 55,692 | (59,829) | 188,337 |
| Analysis of | movem | ents in unrestri |
cted funds —previous |
year | ||
|---|---|---|---|---|---|---|
| Balance at | Gains | Losses | Balance at | |||
| 1 January | and | and | 31 December | |||
| 2020 | income | e~xenditure | 2020 | |||
| F | F | |||||
| Designated | funds: | |||||
| Extraordinary | repair | fund | 13,540 | 13,540 | ||
| Cyclical Maintenance | fund | 15,743 | 15,743 | |||
| 29,283 | 29,283 | |||||
| Accumulated | income | 158,891 | 38,345 | (34,045) | 163,'l91 | |
| 188,174 | 38,345 | (34,045) | 192,474 |
| Analysis of | net assets between | funds —current year | |||
|---|---|---|---|---|---|
| Inter-fund | Net | ||||
| Fixed | debtors and | current | |||
| assets | creditors | assets | Total | ||
| E | F | ||||
| Endowment | fund | 345,515 | (21,933) | 10,615 | 334,197 |
| Accumulated | fund | 164,206 | (7,350) | 2,198 | 159,054 |
| Designated | funds | 29,283 | 29,283 | ||
| 489,425 | 20,376 | 522,534 | |||
| Analysis of | net assets between funds —previous year | ||||
| Inter-fund | Net | ||||
| Fixed | debtors and | current | |||
| assets | creditors | assets | Total | ||
| F | E | ||||
| Endowment | fund | 345,188 | (31,930) | 4,069 | 317,327 |
| Accumulated | fund | 144,237 | 2,647 | 16,307 | 163,191 |
| Designated | funds | 29,283 | 29,283 | ||
| 489,425 | 20,3?6 | 509,801 |