OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2020-12-31-accounts

Clerk to the Trustees the Trustees Mr SP Inman
Kateryn
Heywood		 House
Berkeley Court
The Foregate
Worcester
WR1 3QG
Agent to the Trustees MrA L Robinson MRICS
The Estate Office
Madresfield
Malvern
WR13 5AH
Charity Number 233696
Registered Office Kateryn
Heywood		 House
Berkeley Court
The Foregate
Worcester
WR1 3QG
Auditor Kendall Wadley LLP
Merevale
House
27 Sansome Walk
Worcester
WR1 1NU
Bankers Lloyds Bank Pic
4 The Cross
Worcester
WR1 3PL
Investment Advisors Quilter Cheviot Investment Management
Senator House
65Queen Victoria Street
London
EC4V 4AB

Page
Trustees'
report		 1-9
Statement ofTrustees' responsibilities 10
Independent
auditor's		 report 11-13
Statement offinancial activities 14-15
Balance sheet 16
Statement ofcash flows
Notes to the accounts 18-30

Current financial year
Unrestricted Designated Endowment Total Total
funds funds funds
2020 2020 2020 2020 2019
Notes E E E E E
Charitable
activities		 3 412,358 412,358 391,101
Investments 4 15,486 15,486 28,210
Other income 5 232,089 232,089
Total income and endowments 427,844 232,089 659,933 419,311
Exaftgf(itttffuuu
Raising funds 6 1,375 1,375 20,094
Charitable
activities		 7 349,618 349,618 360,758
Total resources expended 350,993 350993 380852
Net incoming
resources		 before investment
movements 76,851 232,089 308,940 38,459
Net gains/(losses)
on investments		 12 40,618 13,900 54,518 118,977
Net incoming
resources		 before
transfers 117,469 245,989 363,458 157,436
Gross transfers
between		 funds 13 (28,310) 28,310
Net incoming
resources		 89,159 28,310 245,989 363,458 157,436
Other recognised
gains		 and losses
Revaluation
oftangible fixed assets		 (16,716) (16,716) 96,738
Net movement
in funds		 89,159 28,310 229,273 346,742 254,174
Fund balances at 1 January 2020 551,179 378,110 17,263,488 18,192,777 17,938,603
Fund balances at 31 December
2020 640,338 406,420 17,492,761 18,539,519 18,192,777

Prior financial year
Unrestricted Designated Endowment Total
funds funds funds
2019 2019 2019 2019
Notes 8 E 6 8
Charitable
activities		 391,101 391,101
investments 28,210 28,210
Total income and endowments 419,311 419,311
Raising funds 20,094 20,094
Charitable
activities		 7 359,267 1,491 360,758
Total resources expended 379,361 1,491 380,852
Net gains/(losses)
on investments		 12 74,636 44,341 118,977
Net incoming resources before transfers 114,586 (1,491) 44,341 157,436
Gross transfers between funds 13 (279,601) 279,601
Net incoming resources (165,015) 278,110 44,341 157,436
Other recognised
gains		 and losses
Revaluation
of		 tangible
fixed assets		 96,738 96,738
Net movement in funds (165,015) 278,110 141,079 254,174
Fund balances at 1 January 2019 716,194 100,000 17,122,409 17,938,603
Fund balances at 31 December 2019 551,179 378,110 17,263,488 18,192,777

2020 2019
Notes 6
Fixed assets
Tangible assets 14 16,427,420 16,391,775
Investments 15 884,576 704,355
17,311,996 17,096,130
Current assets
Debtors 16 355,573 48,853
Investments 17 385,145 683,750
Cash at bank and in hand 692,005 550,124
1,432,723 1,282,727
Creditors: amounts falling due within 18
one year (205,200) (186,080)
Net current assets 1,227,523 1,096,647
Total assets less current liabilities 18,539,519 18,192,777
Capital funds
Endowment
funds		 22 17,492,761 17,263,488
Income funds
ggr~sri
t~df		 tla
Designated
funds		 21 406,420 378,110
General unrestricted funds 640,338 551,179
1,046,758 929,289
18,539,519 18,192,777
The accounts were approved by the Trustees on 27 April 2021
Mr D B Dale MrJV Panter
Trustee Trustee

2020 2019
Notes f E
Cash flows from operating activities
Cash generated
from		 operations 25 72,370 673,825
Investing activities
Purchase oftangible fixed assets (352,706) (710,262)
Proceeds on disposal oftangible fixed
assets 532,434
Purchase of investments (729,307) (313,375)
Proceeds on disposal of investments 603,604 422,317
Interest received 15,486 28,210
Net cash generated from/(used in)
investing activities 69,511 (573,110)
Net cash used in financing activities
Net increase
in cash		 and cash equivalents 141,881 100,715
Cash and cash equivalents at beginning ofyear 550,124 449,409
Cash and cash equivalents at end of year 692,005 550,124

Unrestricted Unrestricted
funds funds
general general
2020 2019
E F
Charitable rental income 411,283 389,273
Wayleave 1,075 1,828
412,358 391,101
Unrestricted Unrestricted
funds funds
general general
2020 2019
Income from listed investments 13,877 20,662
Interest receivable 1,609 7,548
15,486 28,210

Endowment Endowment
funds funds
2020 2019
6 6
Net gain on disposal oftangible fixed assets 232,089

Unrestricted Unrestricted
funds funds
general general
2020 2019
6 8
~dllgd Costs
Other trading
activities		 1,375 14,771
5,323
1,375 20,094
Charitable activities
Grants Property Total Total
payable
6		 Expenditure
f		 2020
f		 2019
Refurbishment
costs
Downrip
Farm House		 Renovations 1,491
1,491
Other costs
Insurance 15,466 15,466 16,243
Repairs and renovations 51,607 51,607 50,775
Rates 7,318 7,318 6,067
Professional fees 8,971 8,971 15,318
Grants to other charities 204,298 204,298 211,787
Share of support costs (see note 10) 60,358 60,358 57,477
Share ofgovernance costs (see note 10) 1,600 1,600 1,600
204,298 145,320 349,618 360,758
Analysis
by		 fund
Unrestricted funds 204,298 145,320 349,618
204,298 145,320 349,618
For the year ended 31 December 2019
Unrestricted funds 211,787 147,480 359,267
Designated funds 1,491 1,491
211,787 148,971 360,758

2020 2019
6
Grants to institutions:
Other Charities 204,298 211,787
204,298 211,787

Support co sts
Support Governance 2020 2019 Basis ofallocation
costs costs
6
Agent's management fees 47,280 47,280 45,740 Charitable activities
Clerk's fees 4,228 4,228 3,526 Charitable activities
Expenses 1,289 1,289 1,284 Charitable activities
Sundry expenses 2,864 2,864 2,316 Charitable activities
Accountancy 1,520 1,520 1,460 Charitable activities
Accountancy -agent 3,177 3,177 3,151 Charitable activities
Audit fees 1,600 1,600 1,600 Governance
60,358 1,600 61,958 59,077
Analysed
between
Charitable
activities		 60,358 1,600 61,958 59,077

Unrestricted Endowment Total Total
funds funds 2020 2019
general
E E
Revaluation of investments 40,094 13,788 53,882 76,807
Gain/(loss) on sale ofinvestments 524 112 636 42,170
40,618 13,900 54,518 118,977
For the year ended 31
December 2019 74,636 44,341 118,977

Tangible fixed assets
Tenanted Tenanted Woodlands Total
farms and land cottages and and other land
residential
property
6
Cost or valuation
At 1 January 2020 12,498,350 3,517,000 376,425 16,391,775
Additions 352,706 352,706
Disposals (300,345) (300,345)
Revaluation (16,716) (16,716)
At 31 December 2020 12,533,995 3,517,000 376,425 16,427,420
Canying
amount
At 31 December 2020 12,533,995 3,517,000 376,425 16,427,420
At 31 December 2019 12,498,350 3,517,000 376,425 16,391,775

Listed
investments
Cost or valuation
At 1 January 2020 704,355
Additions 729,307
Valuation
changes		 54,518
Disposals (603,604)
At 31 December 2020 884,576
Carrying
amount
At 31 December 2020 884,576
At 31 December 2019 704,355

Debtors: amo unts
f		 alling due within one year
2020 2019
6 E
Trade debtors 45,353 43,206
Other debtors 305,000
Prepayments and accrued income 5,220 5,647
355,573 48,853
Current asset investments
2020 2019
F 6
Term deposits 385,145 683,750
Creditors: amounts falling due within one year
2020 2019
Notes f 6
Other taxation and social security 15,221 12,347
Deferred income 19 24,311 24,199
Other creditors 158,172 136,749
Accruals and deferred income 7,496 12,785
205,200 186,080

19 Deferred income
2020 2019
E E
Arising from rents paid in advance 24,311 24,199
All the above relate to the following
period		 and are released in full.
20 Financial instruments 2020 2019
E E
Carrying
amount		 offinancial assets
Debt instruments measured at amortised
cost		 350,353 43,206
Equity instruments measured at cost less impairment 884,576 704,355
instruments
measured		 at fair value through profit or loss 385,145 683,750
Carrying
amount		 offinancial liabilities
Measured
at amortised		 cost 165,668 149,534
21 Designated
funds
The income funds of the charity
include the following		 designated funds which have been set aside out of
unrestricted
funds		 by the Trustees for specific purposes:
Balance at Resources Transfers Balance at Transfers Balance at
1 January 2019 expended 1 January 2020 31 December
2020
E E E E
Refurbishment
fund		 100,000 (1,491) 1,491 100,000 100,000
Designated
grants		 fund 278,110 278,110 28,310 306,420
100,000 (1,491) 279,601 378,110 28,310 406,420
IC
4l
0 44
00 0
IC 0
N 0
8 cf
I4		 O
448
CC		 T
C0
0!		 13M
4!528
IC 8
Cl'0
4I
CD
IL
0 '0
0 4!		 N
III
N
ffl0
N
Dl
N
4I
N
N		 CCC C!
Cl0!		 CD
C!0!		 ul C
ID «0
O
Cl
8
O
0 0
c 8
8 0
C
41
ID
8
IC We
L gl
ID
4! O
W
CL0
CL
O
8
Vl
C8E8
ID		 C
4
C
E		 N
0
Cl
00
f40
8
N C4
Cl O
0 44
0		 Ctt
CII		 Cf
Cft
Pl
CQ		 ID 'O
C C
CD
0 XlC
8«
08 8
0 C
ID 0
L
D
ID
CL0CL
CL		 N
N
mD0ll
4I
N g
'0
Cf		 CII
I
T		 ID
CI
m
8 8
ID
O
ID		 LC 0
IL
0 D
0 4l
0gK		 C 13C
CD
Cl y,8
44
4l
IC 44		 CL0
CI
LU
ZI-Z0
O		 o L
Cl
ID
E80.
8
8
41
Vl
E		 Dl
CI
IL8
N
8OO
Ill
Il
CI		 CD
C!
CII
Cfl		 CL
Cl '0
0—
0
13C
c 8
2g«
ID 0
C
E m
ID
CL8
ID 'O
4! 41
VlI-Z
Ul
UlI-
I-
lh
OZ
Z
LUZI-0I-
CO
IUI-0Z		 CD
04
LL:
LLI
5
0
Ul
0
Q
LU
0		 ID
C
4
E
'0
C
CCC
04
CV		 0
LE
ID
ID
ID
ID
ID8806E8
Cl
ID
CL
4!
O
C'
4
ID
0
13C88		 0'0
C
4l
L
ID
E
4l
CL		 8
g
L
UJ		 C C
O
N
8 0
8 Q8
8 c
E c0
8 0
8
C 8
0'8
E
8
00
8 c
C
ID
C0 0
CD08
ID
'8c
m I-
eel'
EEe
8
c
ccE
C1.

(Hinton) Charity owed F1,154(201961,452) to Wor (Hinton) Charity owed F1,154(201961,452) to Wor cester C onsolida ted
Municipal
C		 ted
Municipal
C		 harity.
Lalsett's
(Hinton)
Charity
is related to the Armchair		 Charity due to the two charities having
in		 common
Mrs
M Jones as a trustee.
During the year grants were		 awarded to the Armchair Charity totalling F3,000 (2019
F3,000).At the year end F3,000(2019Fnil) was due to the Armchair Charity.
25 Cash generated
from operations		 2020 2019
6 F
Surplus for the year 346,742 254,174
Adjustments
for:
Investment
income recognised		 in profit or loss (15,486) (28,210)
Gain on disposal oftangible fixed assets (232,089)
Gain on disposal of investments (636) (42,170)
Fair value gains and losses on tangible fixed assets 16,716 (96,738)
Fair value gains and losses on investments (53,882) (76,807)
Movements
in working
capital:
(Increase)/decrease
in debtors		 (306,720) 9,145
Increase
in creditors		 19,008 33,495
Decrease
in current investments		 298,605 619,730
Increase
in deferred
income		 112 1,206
Cash generated
from operations		 72,370 673,825
26 Analysis ofchanges
in net funds
The Charity had no debt during the year.