## |Trustees and Advisers| |---| |Trustees' Report| |Statements ofTrustees' Responsibilities| |Independent
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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| ||||g
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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| ||||||||g||| ||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| ## ## |8
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in respect ofthe land|||development| |in KH8 Limited.|||||||||| |FINANCI|AL INSTRUMENTS||||||||| |||||||GROUP||CHARITY|| |||||||2021|2020|2021|2020| |||||||g|||| |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| ## |3
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80|4| ## |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| ||||||'ct| |---|---|---|---|---|---| |(
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Ct| |||I|O'0|M
00|M| ||||O00||| ## ## ## ## |||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|