## ## ## ## |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
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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.|||||||