2020-12-31-accounts

Registered	office	Kateryn Heywood	House
		Berkeley Court
		The Foregate
		Worcester
		WR1 3QG
Independent	Examiner	Sarah Morley ACA
		Kendall Wadley LLP
		Chartered Accountants
		Merevale House
		27 Sansome Walk
		Worcester
		WR1 1NU
Bankers		HSBC Pic
		6 Broad Street
		Worcester
		WR1 3PL
Investment	Advisors	Quilter Cheviot Investment		Management
		Senator House
		65Queen Victoria	Street
		London
		EC4V 4AB

		Page
Trustees' report		1-7
Statement ofTrustees'	responsibilities
Independent examiner's	report
Statement offinancial activities		10-11
Balance sheet		12
Statement ofcash flows		13
Notes to the accounts		14-25

Description	Description	Description				2019	Gain/(Loss)	2020
	R	stricted		u
Endowed		Fund				82,697,080	634,072	62,731,152
nco e		e	i	u d
Designated		(Refurbishment)			Fund	F56,500	F31,500	f88,000
General	Fund					816,052	(84,403)	F11,649
Total						82,769,632	661,169	82,830,801

Current financial year	Current financial year
						Unrestricted	Unrestricted	Endowment	Total	Total
						funds	funds	funds
						general	designated
					Notes	2020 6	2020 f	2020 6	2020f	2019 6
Charitable activities					3	123,521			123,521	121,083
investments					4	2,452			2,452	3,984
Other income					5	1,127			1,127	1,019
Total income						127,100			127,100	126,086
Raising funds										1,319
Charitable activities					7	100,003			100,003	98,182
Total resources expended						100,003			100,003	99,501
Net incoming resources		before investment
movements						27,097			27,097	26,585
Net gains/(losses) on investments					11			24,072	24,072	40,901
Net incoming	resources		before
transfers						27,097		24,072	51,169	67,486
Gross transfers	between		funds			(31,500)	31,500
Net (outgoing)/incoming				resources		(4,403)	31,500	24,072	51,169	67,486
Other recognised gains			and losses
Revaluation of	tangible	fixed assets						10,000	10,000
Net movement	in funds					(4,403)	31,500	34,072	61,169	67,486
Fund balances	at 1 January			2020		16,052	56,500	2,697,080	2,769,632	2,702,146
Fund balances	at 31 December
2020						11,649	88,000	2,731,152	2,830,801	2,769,632

Prior financial year
				Unrestricted	Unrestricted	Endowment	Total
				funds	funds	funds
				general	designated
			Notes	2019 f	2019 f	2019 6	2019 6
Charitable activities				121,083			121,083
Investments				3,984			3,984
Other income				1,019			1,019
Total income				126,086			126,086
Exgfttttuftttmg;
Raising funds				1,319			1,319
Charitable activities				98,182			98,182
Total resources expended				99,501			99,501
Net incoming resources before investment			movements	26,585			26,585
Net gains/(losses) on investments						40,901	40,901
Net incoming resources	before transfers			26,585		40,901	67,486
Gross transfers between	funds			(44,800)	44,800
Net (outgoing)/incoming		resources		(18,215)	44,800	40,901	67,486
Other recognised gains	and losses
Net movement in funds				(18,215)	44,800	40,901	67,486
Fund balances at 1 January		2019		34,267	11,700	2,656,179	2,702,146
Fund balances at 31 December 2019				16,052	56,500	2,697,080	2,769,632

			2020	2019
		Notes	E	E
Fixed assets
Tangible assets		12	2,420,000	2,410,000
Investments		13	294,837	249,777
			2,714,837	2,659,777
Current assets
Debtors		14	7,476	6,543
Cash at bank and in	hand		119,938	117,481
			127,414	124,024
Creditors: amounts	falling due within
one year		15	(11,450)	(14,169)
Net current assets			115,964	109,855
Total assets less current liabilities			2,830,801	2,769,632
Capital funds
Endowrgagifggda
General endowment	funds		2,731,152	2,697,080
		17	2,731,152	2,697,080
Income funds
~Unr sr'gteefgzls
Designated funds		18	88,000	56,500
General unrestricted	funds		11,649	16,052
			99,649	72,552
			2,830,801	2,769,632

					2020		2019
				Notes	8		f
Cash flows from operating		activities
Cash generated from operations				21		20,993
Investing	activities
Purchase	of investments				(125,234)		(55,440)
Proceeds	on disposal of investments				104,246		72,082
interest received					2,452		3,984
Net cash	(used in)/generated		from
investing	activities					(18,536)
Net cash	used in financing	activities
Net increase in cash and cash equivalents						2,457
Cash and	cash equivalents	at beginning		ofyear		117,481
Cash and	cash equivalents	at	end of	year		119,938

Charitable activities
	Unrestricted	Unrestricted
	funds	funds
	general	general
	2020	2019
	s	s
Received from residents	123,521	121,083
Investments
	Unrestricted	Unrestncted
	funds	funds
	general	general
	2020	2019
	8	f
Income from listed investments	2,399	3,934
Interest receivable	53	50
	2,452	3,984
Other income
	Unrestricted	Unrestricted
	funds	funds
	general	general
	2020	2019
	8	9
Other income	1,127	1,019

6	Raising funds	Raising funds	Raising funds			Unrestricted	Unrestricted
						funds	funds
						general	general
						2020	2019
	investment		management		costs		1,319
							1,319
7	Charitable		activities
						2020 E	2019f
	Property	expenditure
	Pension costs					182	172
	Rates					3,650	3,558
	Insurance					7,482	6,836
	Property	expenditure				19,168	14,749
	Chaplain's		salary			1,540	1,690
	Warden					12,275	12,132
	Gardener					1,475	1,662
	Electricity					11,084	11,721
	Gas					7,567	8,415
	Telephone					258	256
	Call aid rental					3,598	3,371
	Sundry					305	1,474
	Cleaning					2,807	4,505
						71,391	70,541
	Share of support costs				(see note 8)	28,062	27,091
	Share ofgovernance			costs (see note 8)		550	550
						100,003	98,182
	Analysis	by fund
	Unrestricted		funds - general			100,003
						100,003
	Forthe year ended 31				December 2019
	Unrestricted		funds - general				98,182
							98,182

Support cos	ts
		Support	Governance	2020	2019	Basis ofallocation
		costs	costs
		6	6	6	f
Agent's management						To principal	charitable
fees		16,301		16,301	16,821	activity
Clerk's fees		4,228		4,228	3,526
Charity office	expenses	4,646		4,646	4,128
Subscriptions		240		240	230
Accountancy		1,550		1,550	1,310
Accountancy	-agents	1,097		1,097	1,076
Independent	examiners					Governance
fees			550	550	550
		28,062	550	28,612	27,641
Analysed between
Charitable activities		28,062	550	28,612	27,641

Number ofemployees The average monthly number ofemployees during	the year was:
	2020	2019
	Number	Number
Clerk and warden
Employment costs	2020	2019
	6	E
Wages and salaries	16,503	15,657
Other pension costs	182	172

			Endowment	Endowment
			funds	funds
			2020	2019
			6	6
Revaluation	of	investments	24,053	33,144
(Loss)/gain	on	sale ofinvestments	19	7,757
			24,072	40,901

Tangible fixed assets
	Freehold	land and buildmga
		6
Cost or valuation
At 1 January 2020		2,410,000
Revaluation		10,000
At 31 December 2020		2,420,000
Carrying amount
At 31 December 2020		2,420,000
At 31 December 2019		2,410,000

	Listed
	investmentsf
Cost or valuation
At 1 January 2020	249,777
Additions	125,234
Valuation changes	24,072
Disposals	(104,246)
At 31 December 2020	294,837
Carrying amount
At 31 December 2020	294,837
At 31 December 2019	249,777

Debtors: am	ounts falling due within one year
		2020f	2019f
Other debtors		4,606	3,914
Prepayments	and accrued income	2,870	2,629
		7,476	6,543

Creditor	s: amounts	falling	due within one year
					2020	2019
				Notes	f	6
Other taxation and social security					175	132
Deferred	income				2,435	2,496
Other creditors					3,918	6,618
Accruals	and deferred	income			4,922	4,923
					11,450	14,169
Deferred	income
					2020	2019
						6
Arising from Rents received			in advance		2,435	2,496

			Balance at	Gains and	Balance at	Gains and	Balance at
		1	January 2010	losses	1January 2020	losses	31 December
							2020
						f	f
Permanent	endowments
Endowment	Fund		2,656,179	40,901	2,697,080	34,072	2,731,152
			2,656,179	40,901	2,697,080	34,072	2,731,152

			Balance at	Transfers	Balance at	Transfers	Balance at
		1	January 2019		1 January 2020		31 December
							2020
						E	E
Refurbishment	fund		11,700	44,800	56,500	31,500	88,000
			11,700	44,800	56,500	31,500	88,000

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21	Cash generated from	operatio	ns		2020	2019
					E	E
	Surplus for the year				61,169	67,486
	Adjustments for:
	Investment income recognised		in profit or loss		(2,452)	(3,984)
	Fair value gains and losses on		tangible	fixed assets	(10,000)
	Gain on disposal of investments				(19)	(7,757)
	Fair value gains and losses on		investments		(24,053)	(33,144)
	Movements in working	capital:
	(Increase) in debtors				(933)	(523)
	(Decrease) in creditors				(2,658)	(3,209)
	(Decrease)/increase in	deferred	income		(61)	390
	Cash generated from	operations			20,993	19,259
22	Analysis ofchanges	in net funds
	The Charity had no debt during		the year.