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|||~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|
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||||||||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|
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|||||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|
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||||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|
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|||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|
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||||
|---|---|---|
|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|
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||||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|
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|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|
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