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2023-12-31-accounts

Nominated
Trustees:		 Nominated
by:
Rev David Bmwn Bishop ofCoventry
Mr Stephen Copley Archdeacon ofWarwick
Cllr Stephen Cross Warwick Town Council (resigned on Ige May 2023)
Cllr Simon Pargeter Warwick Town Council (appointed on 12a June 2023)
Mrs Marie-Bemadette Ashe Warwick Independent
Schools Foundation		 (Chair)
Co-opted Trustees:
Mrs Bemardine
Adkins		 (appointed on 12a June 2023)
Mrs Vivienne Bosworth
Mr John Edwards
Mr lan Furlong
Mrs Susan Grinnell
Mr Stephen Jobbum (resigned on 16n January 2024)
Miss Kathryn
Parr
Mr Mark Lee (appointed
on 26n April 2024)
CLERK AND RECEIVER
Mr Jonathan
Wassail —12High Street, Warwick, CV34 4AP

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GROUP GROUP CHARITY CHARITY
Notes 2023 2022 2023 2022
8 f 5
FIXEDASSETS
Investments 10 74,407,071 67,589,510 74,407,072 67,589,511
CURRENT ASSETS
Debtors: due within one year I I 244,339 193,955 717,432 1,760,222
Cash at bank and in hand 1,803,193 3,892,876 855,901 608,135
2,047,532 4,086,831 1,573333 2,368,357
CREDITORS: AMOUNTS
FALLING DUE WITHIN ONE
YEAR 12 (932,785) (2,024,512) (405,067) (316,572)
NET CURRENT ASSETS 1,114,747 2,062,319 1,168,266 2,051,785
NET ASSETS 75,521,818 69,651,829 75,575,338 69,641,296
RESTRICTED FUNDS
Permanent
Endowment		 Funds 14 75837,258 69,278,766 75,390,778 69,268,233
Beneficiaries Income Fund 15 1$4,560 373,063 184,560 373,063
75,521,81869,651,829 75,575,338 69,641,296
GROUP GROUP CHARITY CHARITY
2023
8		 2022
5		 2023 2022I
tern n ofCash Flows
Cash from operating
activities:
Net cash provided
by/(used
in) operating		 (3,929,757) (2,755,089) (1,775,448) (2,261,808)
activities
Cash from investing
activities:
Dividends,
interest and rents		 1856,347 1,062,434 1,305,812 1,115,627
Income from Subsidiary 133,675
Proceeds tmm sale ofinvestments 20,143,011 5,441,120 20,143,011 5,441,120
Purchases ofinvesunents (19,559484) (4,320,897) (19,559,284) (4,320,897)
Net cash provided by investing activities 1,840,074 2,182,657 2,023,214 2,235,850
Cash from financing
activities:
Net cash from financing
activities
Change in cash th cash equivalents in year (2,089,683) (572,432) 247,766 (25,958)
Cash tk cash equiv. at the beginning ofyear 3,892,876 4,465,308 608,135 634,093
Cash and cash equivalents
at the end ofyear		 1,803,193 3,892,876 855,901 608,135
ReconciTiation ofNet Ex enditure to Cash
Flow from 0
ratin
Activities
Net income/(expenditure)
forthe		 year 5,869,989 (7,018,588) 5,934,042 (6,795,393)
Adjustments:
(Gains)/Losses
on Investments		 (7,401,288) 5,627,656 (7,401,288) 5,627,656
Dividends,
interest and rents		 (1,256,347) (1,062,434) (1/05,812) (1,115,627)
Income I'rom Subsidiary (133,675)
Decrease/(increase)
in stocks
Decrease/(Increase)
in debtors		 (50,384) 625,991 1,042,790 (40,732)
(Decrease)/Increase
in creditors		 (1,091,727) (927,714) 88,495 62,288
Net cash provided
by/(used
in) operations		 (3,929,757) (2,755,089) (1,775,448) (2,261,808)
Anal
sis ofCash and Cash E uivalents
Cash in hand 1,803,193 3,892,876 855,901 608,135
Total cash dr cash equivalents 1,803,193 3,892,876 855,901 608,135

DIVIDENDS
GROUP CHARITY
2023
f		 2022 2023
8		 2022
COIF Property Fund
Savills Charities Property Fund
Royal London Asset Management —cash funds
Listed investments		 116,511
149,628
219@12
237,468		 116,511
97,327
54,168
386,209		 116,511
149,62$ 219/12
237,468		 116,511
97,327
54,168
386,209
722 919 654215 722,919 654,215
INTEREST
GROUP CHARITY
2023 2022 2023 2022
5
Banks 55,309 14,303 17,618 803
Investment
Managers
Interest on Loan to Subsidiary		 86,592 4,890 86,592
87,156		 4,890
66,693
141,901 19,193 191,366 72,386
COSTOFRAISING FUNDS —Re INVESTMENTS
GROUP CHARITY
2023 2022 2023 2022
5 8
Property management
expenses
Investment
management
expenses		 106,060
217,591		 55,498
149,157		 106,060
217,591		 55,498
149,157
323,651 204,655 323,651 204,655
Investment
management		 expenses includes investment manager
fees		 snd fees for strategic advice. There are
no capital transaction
charges netted offagainst purchases
or sales.
COST OFRAISING FUNDS —Re OTHER TRADING
GROUP CHARITY
2023 2022 2023 2022
Cost &om Sale re land sales (133,056) 157,631
(133,056) 157,631
SUPPORT COSTS
GROUP CHARITY
2023 2022 2023 2022
5 5 5
Administration
fees		 87,931 88,834 84,548 86,315
Sundry expenses 14,771 11,151 14,560 10,814
102,702 99,985 99,108 97,129

GROUP CHARITY
2023 2022 2023 2022
Auditors' remuneration —for audit 22,500 20,900 14,400 13,500
Auditors' remuneration- for taxation compliance 2,275 2,115
Trustees' indemnity insurance 1,036 960 1,036 960
Tfiistees meeting costs 1399 1,454 1/99 1,454
27,210 25,429 16,835 15,914

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DEBTORS:AMOUNTS FALLIN G DUE WITHIN ONE YEAR G DUE WITHIN ONE YEAR
GROUP CHARITY
2023 2022 2023 2022
Trade Debtors 63,618 115,076 63961$ 115,076
Bad debt provision (9,935) (9,935)
Accrued Income 180,555 75,592 157,563 54,771
P repayments
VAT		 10,101 3,287
Loan to Subsidiary 506,186 1,590,375
244839 193,955 717,432 1,760,222

GROUP GROUP CHARITY CHARITY
2023 2022 2023 2022
g g
Trade Creditors 233,168 330,296 666 8,914
VAT 18496 14,748 18,396 14,748
Amounts owed to other charities 219,449 983,872
Grants to beneficiaries 227,514 163,624 227,514 163,624
Accruals 115,629 157,161 158,491 129,286
Other Creditors 118,629 374,811
932,785 2,024,512 405,067 316,572
Other Creditors is forecast future costs included in the Stock calculation
in respect ofthe land		 development
in KH8 Limited.
FINANCIAL INSTRUMENTS
GROUP CHARITY
2023 2022 2023 2022
6 f. 6
Financial assets measured at fair value
through
the Statement ofFinancial
Investments		 Aciivities 65,779,407 59,403,145 65,779,407 59,403,145
Loan 506,1$6 1,590,375
Debtors 244P39 193,955 211,246 169,847
Cash 2,493,857 4,632,021 1,546,565 1,347,280
68,517,603 64,229,121 6$,043,404 62,510,647
Financial liabilities measured at fair value
through
Creditors		 the Statement ofFinancial Activities 471,012 1,328,916 19,061 23,661
471,012 1,328,916 19,061 23,661
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Institutions
and Societies (&%1,000)
Achieving
Results in Communities		 7,000
AH Saints CofEJunior School dt Emscote Infant School 15,000
Armonico Consort 5,816
Aylesford
Primary School		 2,359
Aylesford Secondary School 14,300
Bring BackGuy's Cliffe 37,000
Budbrooke Primary School 2,000
Castel Froma 10,000
Central Ajax Football Club 25,000
Citizens Advice —South Warwickshire 20,000
Coten End Primary School 6,194
Cruse Bereavement
Care		 2,500
Evergreen School 8,000
Friendship
Project for Children		 4,250
Guy's Gift 2,700
Heathcote Primary School 6,964
Insight Counselling 4,800
Lord Leycester's Hospital 30,000
Motionhouse 4,970
Myton Hospice 25,000
Myton School 29,454
Newburgh
Primary School		 8,000
New Life Church 7,615
Parenting Project 5,000
Playbox Theatre 20,000
Relate —Coventry
di: Warwickshire		 2,000
Safeline 8,000
Springfield
Mind		 20,000
StMary Immaculate
Church		 1,500
StMary's Church PCC (5,361)
StMary's Primary School 7,000
The Gap 16,126
Warwick Air Cadets 1368 1,481
Warwick District Scouts 5,000
Warwick Folk Festival 12,000
Warwick Pursuits Festival 20,500
2'4 Warwick Sea Scouts 3,405
3n Warwick Scouts 6,000
Warwick Tennis Club 7,558
Warwick Town Council 5,960
Warwickshire
Vision Support		 5,000
Westgate Primary School 6,653
Woodloes Primary School 7,700
You Can Flourish 14,000
448,444
Individual
Grants
3Grants to individuals 21,685
470,129

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Europe Way. It is incorpo rated
in England (compauy number 8485		 559).
2023 2022
Income
CostofSales 133,056 (157,631)
Administrative
expenses		 (13,970) (12,371)
OPERATING PROFIT/(LOSS) 119,086 (170,002)
Interest Receivable 37,691 13,500
Interest Payable (87,156) (66,693)
PROFIT/(LOSS) ON ORDINARY ACTIVITIES BEFORE
TAXATION 695621 (223,195)
Tax on profit on ordinary activities
PROFIT/(LOSS) FOR THE FINANCIAL YEAR 69,621 (223 195)
2023
8		 2022I
CURRENT ASSETS
Cash 947,291 3,284,741
Debtors 33,093 24,108
980,384 3,308,849
CREDITORS: Amounts falling due within one year (1,033,904) (3,298,314)
NET CURRENT ASSETS (53,520) 10,535
NET ASSETS (53,520) 10,535
CAPITAL AND RESERVES
Called up share capital 1 I
Profit and loss account (53,521) 10,534
SHAREHOLDERS' SURPLUS (53,520) 10,535