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2021-12-31-accounts

Trustees and Advisers
Trustees' Report
Statements ofTrustees' Responsibilities
Independent
Auditor's
Report
Statement ofFinancial Activities
Charity Statement ofFinancial Activities
Balance Sheet
Statement ofCash Flows
Notes to the Financial Statements

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GROUP GROUP CHARITY CHARITY
Notes 2021 2020 2021 2020
FIXEDASSETS
Investments 11 74@37@89 56,944,429 74,337@90 56,944,430
CURRENT ASSETS
Debtors: due within one year 12 819,946 8919,414 1,719,490 6,798,945
Cash at bank and in hand 4,465,308 9,300,147 634,093 2,951,932
5,285,254 18,219,561 2@53,583 9,750,877
CREDITORS: AMOUNTS
FALLING DUE WITHIN ONE
YEAR 13 (2,952/26) (6,364,159) (254,284) (283,583)
NET CURRENT ASSETS 2,333,028 11,855,402 2,099,299 9,467,294
NET ASSETS 76,670,417 68,799,831 76,436,689 66,411,724
RESTRICTED FUNDS
Permanent
Endowment		 Funds 15 76886,475 68,533,415 76,152,747 66,145,308
Beneficiaries Income Fund 16 283,942 266,416 283,942 266,416
76,670,417 68,799,831 76,436,689 66,411,724
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GROUP GROUP CHARITY CHARITY
2021 2020 2021 2020
5 8
Statement ofCash Flows
Cash from operating
acdvitics:
Net cash provided
by/(used
in)		 operating 2,855,509 12,390,673 3,237,111 2,251,193
activities
Cash fmm investing
activities:
Dividends,
interest and rents		 914,373 895,614 997,677 1,092,368
Income &om Subsidiary 2,052,094 12,351,061
Proceeds &om sale ofinvestments 6,282,780 12,100,200 6,282,780 12,100,200
Purchases ofinvestments (14,887/01) (36,501,723) (14,887,501) (36,501,723)
Net cash provided
by investing		 activities (9,090,340) (33,505,909) (0,554,950) ()~,938,094)
Cash &om financing
activities:
Net cash from financing
activities
Change in cash (fccash equivalents in year (4,834,839) (11,115,236) (2/17,839) (8,706,901)
Cash &cash equiv. at the beginning ofyear 9800,147 20,415,383 2,951,932 11,658,833
Cash and cash equivalents
at the end ofyear		 4,465,308 9,300,147 634,093 2,951,932
Reconciliation
ofNet Ex enditure		 to Cash
Flow from O
ratin
Activities
Nct income/(expenditure)
for the		 year 7,$70,586 9,120,162 10,024,965 13,653,861
Adjustments:
(Gains)/Losses
on Investments		 (8,788,239) (1,912,941) (8,788,239) (1,912,941)
Dividends,
interest and rents		 (914,373) (895,614) (997,677) (1,092,36$)
Income &om Subsidiary (2,052,094) (12,351,061)
Decrease/(increase)
in stocks		 2,295,576
Decrease/(Increase)
in debtors		 $,099,468 5,103,874 5,079,455 6,016,383
(Decrease)/Increase
in creditors		 (3,411,933) (1,320,384) (29,299) (2,062,681)
Net cash provided
by/(used
in) operations		 2,855,509 12,390,673 3,237,111 2,251,193
Anal
sis ofCash and Cash E uivalents
Cash in hand 4,465408 9,300,147 634,093 2,951,932
Total cash
4(/5 cash equivalents		 4,465/08 9,300,147 634,093 2,951,932

GROUP GROUP CHARITY
2021 2020 2021 2020
8 8
Cost from Sale re land sales 2,024 9,164,332
2,024 9,164,332
7 SUPPORT COSTS
GROUP CHARITY
2021 2020 2021 2020
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Administmtion fees 82,121 75,300 74,122 68,997
Sundry expenses 10,181 10,455 10,073 10,308
92802 85,755 84,195 79,305
8 GOVERNANCE COSTS
GROUP CHARITY
2021 2020 2021 2020
f. g
Auditors' remuneration —for audit 199020 18,700 11,970 11,800
Auditors' remuneration —fortaxation compliance 1,800 1,840
Trustees' indemnity insurance 939 1,749 939 1,749
Trustees' meeting costs 551 25 551 25
22/10 22,314 13,460 13,574

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DEBTORS:AMOUNTS FALLIN G DUE WITHIN ONE YEAR G DUE WITHIN ONE YEAR
GROUP CHARITY
2021 2020 2021 2020
8
Trade Debtors 79,156 8,169,713 79,156 29,651
Accrued Income 73,475 42,919 52,654 22,098
Prepayments 4,607 4,651 4,607 4,651
VAT 662,708 702,131
Loan to Subsidiary 1,583,073 6,742,545
819,946 8,919,414 1,719,490 6,798,945

GROUP GROUP CHARITY CHARITY
2021 2020 2021 2020
5
Trade Creditors 801,045 1,219,535 565 1,598
VAT 17,880 16,002 17,880 16,002
Amounts owed to other charities 1,216,272 1,680,480
Grants to beneficiaries 117,911 160,868 117,911 160,868
Accruals 300,995 1,343,460 117,928 105,115
Other Creditors 498,123 1,943,814
2,952,226 6,364,159 254,284 283,583
Other Creditors is forecast future costs included in the Stock calculation
in respect ofthe land		 development
in KH8 Limited.
FINANCI AL INSTRUMENTS
GROUP CHARITY
2021 2020 2021 2020
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Financial assets measured at fair value
through the Statement ofFinancial Activities
Investments 66,549,593 48,528,533 66,549,593 48,528,533
Loan 1,583,073 6,742,545
Debtors 819,946 8,919,414 136,417 56,400
Cash 4,997,284 10,760,223 1,166,069 4,412,008
72466,$23 68,208,170 69,435,152 59,739,486
Financial liabilities measured at fair value
through the Statement ofFinancial Activities
Creditors 2,035,197 2,916,017 1$,445 17,600
2,035,197 2,916,017 18,445 17,600

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TOWN GRANTS AWARDED —G ROUP &CHARITY
TotalI
Institutions
and Societies (&f1,000)
All Saints CofEJunior School &Emscote Infant School 13,000
Aylesford Primary School 4,000
Aylesford
Secondary School		 12,798
Budbmoke Prunary
School		 2,000
Citizens Advice —South Warwickshire 20,000
Coten End Primary School 8,000
Cruse Bereavement
Care		 2,500
Evergreen School 8,000
Friends ofWarwick Station 2,500
Friendship
Project for Children		 3,750
Guy's Gift 1,200
Heathcote Parish Church (30,000)
Heathcote Primary School 4,400
Helping Hands Community
Project		 (4,365)
Insight Counselling 2,400
Kid Squad 1,000
Lord Leycester Hospital 30,000
Myton Hospice 17,230
Myton School 15,222
Newburgh
Primary School		 3,000
New Hope Counselling 1,300
New Life Church 8,886
Oken &Eyfiler Charity (Springfield Mind) 20,000
Parenting Project 7,500
Relate —Coventry &Warwickshire 2,000
StMary Inunaculate
Catholic Primary School		 7,000
The Gap 10,000
Warwick Cricket Club 3,000
Warwick &Kenilworth
Choral Society		 2,335
Warwick LEA School Pupils —Summer Activities 5,662
Warwick Sports Club (Tennis) 3,607
Warwick Town Council 1,553
Warwickshuu
Royal Regiment ofFusiliers Museum		 3,350
Warwickshire
Vision Support		 5,889
Westgate Priinaiy School 6,446
Woodloes Primary School 8,000
2Other Grants ofless than $1000each 370
213,533
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2021 2020
f.
Income 16,280,124
Cost ofSales (2,024) (9,164,332)
Administrative
expenses		 (165957) (15,187)
OPERATING PROFIT (18,9$1) 7,100,605
Interest Receivable 19,502
Sundry Income 913,514
Interest Payable ($3404) (216,256)
(LOSS)/PROFIT ON ORDINARY ACTIVITIES BEFORE
TAXATION (102,285) 7,817,365
Tax on pmfit on ordinary activities
(LOSS)/PROFIT FORTHE FINANCIAL YEAR 11522551 7817,365
2021 2020
f.
CURRENT ASSETS
Cash 3,831,216 6,348,216
Debtors 6835529 8,863,014
4,514,745 15411,230
CREDITORS: Amounts falling due within one year (4,2$1,015) (12,823,121)
NET CURRENT ASSETS 233,730 2,388,109
NET ASSETS 233,730 2,388,109
CAPITAL AND RESERVES
Called up share capital I 1
Profit and loss account 233,729 2,388,108
SHAREHOLDERS' SURPLUS 233,730 2,388,109