## ## ## ## |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| ||||m||Ol
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CO|| ## ## ## ## |||||||| |---|---|---|---|---|---|---| |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.||||