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2022-12-31-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 2022
f		 2021
f		 2022
f		 2021
FIXEDASSETS
Investments 10 67,5$9,510 74,337,389 67,589,511 74,337,390
CURRENT ASSETS
Debtors: due within one year
Cash at bank and in hand		 11 193,955
3,$92,876		 819,946
4,465,308		 1,760,222
608,135		 1,719,490
634,093
4,086,831 5,285,254 2,368457 2,353,583
CREDITORSi AMOUNTS
FALLING DUE WITHIN ONE
YEAR 12 (2,024,512) (2,952,226) (316,572) (254,284)
NET CURRENT ASSETS 2,062,319 2,333,028 2,051,705 2,099,299
NETASSETS 69,651,829 76,670,417 69,641,296 76,436,689
RESTRICTED FUNDS
Permanent
Endowment
Funds		 14 69,278,766 76,386,475 69,268,233 76,152,747
Beneficiaries Income Fund 15 373,063 283,942 373,063 283,942
69651,529 76675417 69647896 76436689
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GROUP GROUP CHARITY CHARITY
2022 2021 2022 2021
8 f
Statement ofCash Flows
Cash from operating
activities:
Net cash provided
by/(used
in)		 operating (2,755,089) 2,855,509 (2,261,808) 3,237,111
activities
Cash f'rom investing
activities:
Dividends,
interest and rents		 1,062,434 914,373 1&115,627 997,677
Income from Subsidiary 2,052,094
Proceeds &om sale ofinvestments 5,441,120 6,282,780 5&441,120 6,282,780
Purchases ofinvestments (4,320,897) (14,887,501) (4@20,897) (14,887,501)
Net cash provided
by investing		 activities 2,182,657 (7,690,348) ?835.050 (5,554.950)
Cash from financing activities:
Net cash from financing
activities
Change in cash &cash equivalents
Cash &cash equiv. at the beginning		 in year
ofyear		 (572832)
4,465,308		 (4,834,839)
9,300,147		 (25,958)
634,093		 (2,317,839)
2,951,932
Cash and cash equivalents
at the		 end ofyear 3,892,876 4,465,308 608,135 634,093
Reconciliation ofNet Ex enditure to Cash
Flow from 0 eratin
Activities
Net income/(expenditure)
for the		 year (7,018,588) 7,870,586 (6,7959393) 10,024,965
Adjustments:
(Gains)/Losses
on Investments		 5,627,656 (8,788,239) 5,627,656 (8,788,239)
Dividends,
interest and rents		 (1,062,434) (914,373) (1,115&627) (997,677)
Income &om Subsidiary (2,052,094)
Decrease/Uncrease)
in stocks
Decrease/(Increase)
in debtors		 625,991 8,099,468 (40,732) 5,079,455
(Decrease)/increase
in creditors		 (927,714) (3,411,933) 62,288 (29,299)
Net cash provided
by/(used
in)		 operations (2,750,009) 2,855,509 (2,201,008) 3,237,111
Anal
sisofCash and Cash
uivalents
Cash in hand 3,892,876 4,465,308 608,135 634,093
Total cash &cash equivalents 3,892,876 4,465,308 608,135 634,093

2 DIVIDENDS
GROUP CHARITY
2022 2021 2022 2021
g
COIF Property Fund 116,511 76,028 116,511 76,028
Savills Charities Property Fund 97427 55,278 97/27 55,278
Royal London Asset Management —cash funds 54,168 14,058 54,168 14,058
Listed investments 386j209 406,405 386,209 406,405
654,215 551,769 654,215 551,769
3 INTEREST GROUP C~
2022 2021 2022 2021
0
Banks 14@03 14 803 14
Stockbroker 4,890 4,890
Interest on Loan to Subsidiary 66i693 83,304
19,193 14 72,386 83,318
4 COST OFRAISING FUNDS —ReINVESTMENTS
GROUP CHARITY
2022 2021 2022 2021
f.
Property management expenses 55,498 45,834 55,498 45,834
Investment
management		 expenses 149,157 151,899 149,157 151,899
204,655 197,733 204,655 197,733

COSTOF RAI SING FUNDS —ReOTH ER TRADING
GROUP CHARITY
2022 2021 2022 2021
Cost trom Sale re land sales 157,631 2,024
157,631 2,024
SUPPORT COSTS
GROUP CHARITY
2022 2021 2022 2021
5 6
Administration fees 88,834 82,121 86,315 74,122
Sundry expenses 11,151 10,181 10,814 10,073
99,985 92,302 97129 84 195
GOVERN ANCE COSTS ANCE COSTS GROUP C~ C~
2022 2021 2022 2021
8
Auditors' remuneration —for audit 20,900 19,020 13,500 11,970
Auditors' remuneration —for taxation compliance 2,115 1,800
Trustees' indemnity
insurance		 960 939 960 939
Trustees' meeting costs 1,454 551 1,454 551
25,429 22,310 15,914 13,460

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DEBTORS:AMOUNTS FALLIN G DUE WITHIN ONE YEAR G DUE WITHIN ONE YEAR
GROUP CHARITY
2022 2021 2022 2021
8
Trade Debtors 115,076 79,156 115,076 79,156
Accrued Income 75,592 73,475 54,771 52,654
Prepayments 4,607 4,607
VAT 3,287 662,708
Loan to Subsidiary 1,590375 1,583,073
193,955 819,946 1,760,222 1,719,490

CREDIT ORS: AMOUNTS FALLING DUE WITHIN ONE YEAR DUE WITHIN ONE YEAR
GROUP CHARITY
2022 2021 2022 2021
f
Trade Creditors 330,296 801,045 8,914 565
VAT 14,748 17,880 14,748 17,880
Amounts owed to other charities 983,$72 1,216,272
Grants to beneficiaries 163,624 117,911 163,624 117,911
Accruals 157,161 300,995 129,286 117,928
Other Creditors 374,811 498,123
2,024,512 2,952,226 316,572 254,284

GROUP GROUP CHARITY CHARITY
2022 2021 2022 2021
Financial assets measured at fair value
through the Statement ofFinancial Activities
Investments 59,403,145 66,549,593 59,403,145 66,549,593
Loan 1,590875 1,583,073
Debtors 193,955 819,946 169,847 136,417
Cash 4,632,021 4,997,284 1,347,2$0 1,166,069
64,229,121 72,366,823 62,510,647 69,435,152
Financial liabilities measured at fair value
through the Statement ofFinancial Activities
Creditors I@28,916 2,035,197 23)661 18,445
1328,916 2,035,197 23,661 18,445
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Institutions
and Societies (&$1,000)		 Institutions
and Societies (&$1,000)
All Saints CofEJunior School k.Emscote Infant School 13,000
Armonico Consort 2,785
Aylesford
Primary School		 7,000
Aylesford Secondary School 8,300
Books Beyond Words 3,000
Budbrooke Primary School 2,000
Chase Meadow Community Centre 25,000
Citizens Advice —South Warwickshire 21,775
Coten End Pre-School 2,242
Coten End Primary School 8,000
Cruse Bereavement
Care		 2,520
Evergreen School 8,000
Friendship
Project for Children		 3,900
Guy's Cliffe WaBed Garden 4,000
Guy's Gift 1,890
Heathcote Primary School 6,000
Insight Counselling 4,800
Junior Angling
Club (Kingfisher Pools)		 11,344
Lord Leycester Hospital 30,000
Myton School 12,400
Newburgh
Primary School		 2,000
New Life Church 8,683
Parenting
Project		 7,500
Relate —Coventry
dt Warwickshire		 2,000
Safeline 7,500
South Warwickshire
NHS Foundation		 Trust 45,000
Spa Theatre Juniors 2,500
Springfield
Mind		 20,000
StMary Innnaculate
Church		 1,500
StMary Immaculate
Catholic		 Primary School 2,202
StMary's Primary School 2,000
StMary's PCC 114,250
The Gap 5,218
Warwick Boat Club 1,400
Warwick District Council 50,000
Warwick 8t Kenilworth
Choral Society		 1,000
2~Warwick SeaScouts 2,635
Warwick Sports Club (Tennis) 6,819
Warwick Town Council 1,710
Warwick Young Carers 7,500
Westgate Primary School 2,000
Woodloes Primary
School		 3,000
2Other Grants ojless than $1000each 225
474,598
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Europa Way. Itis incorpor ated
in England (company
number 84855		 59).
2022
8		 2021I
Income
CostofSales (157,631) (2,024)
AdministraSve
expenses		 (12471) (16,957)
OPERATING LOSS (170,002) (18,981)
Interest Receivable 13,500
Sundry Income
Interest Payable (66,693) (83,304)
LOSSON ORDINARY ACTIVITIES BEFORETAXATION (223,195) (102,285)
Tax on profit on ordinary activities
LOSSFORTHE FINANCIAL YEAR (223,1951 ((22,2832
2022 2021
8 5
CURRENT ASSETS
Cash 3,284,741 3,831,216
Debtors 24,108 683,529
3808,849 4,514,745
CREDITORS: Amounts falling due within one year (34982314) (4,281,015)
NET CURRENT ASSETS 103535 233,730
NET ASSETS 10,535 233,730
CAPITAL AND RESERVES
Called up share capital
Profit and loss account		 I
10,534		 1
233,729
SHAREHOLDERS' SURPLUS 10,535 233,730