| Page | |
|---|---|
| Charity Information |
|
| Feoffees' Report | 2-5 |
| Auditors' Report |
6-8 |
| Statement of Financial Activities —current year | |
| Balance Sheet | 10 |
| Notes to the Financial Statements | 11-17 |
| Unrestricted | Unrestricted | Endowment | Endowment | Total | Total | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Notes | funds | funds | 2022 | 2021 | |||||||
| Income and endowments | from: | ||||||||||
| Investments | |||||||||||
| Rental income | 375,274 | 375,274 | 363,808 | ||||||||
| Wayleaves | 1,136 | 1,136 | 1,368 | ||||||||
| Land promotion fees | 10,000 | 10,000 | 30,000 | ||||||||
| Dividends and interest |
on | ||||||||||
| quoted securities | 41,839 | 41,839 | 32,908 | ||||||||
| Interest on bank deposits | 60 | 60 | 682 | ||||||||
| Total income and endowments | 428,309 | 428,309 | 428,766 | ||||||||
| Expenditure on: |
|||||||||||
| Raising funds | 2 | 67,099 | 13,053 | 80,152 | 85,309 | ||||||
| Charitable activities: |
|||||||||||
| Trustees ofCoventry | Church | ||||||||||
| (Municipal) Charities |
75,652 | 75,652 | 400,000 | ||||||||
| Governance costs | 3 | 5,356 | 5,356 | 3,672 | |||||||
| Total expenditure | 148,107 | 13,053 | 161,160 | 488,981 | |||||||
| Net gains I(losses) on investment | assets | 114,666 | 114,666 | 1,260,760 | |||||||
| Net (expenditure) (income |
280,202 | 101,613 | 381,815 | 1,200,545 | |||||||
| Transfers | |||||||||||
| Net movement in funds |
280,202 | 101,613 | 381,815 | 1,200,545 | |||||||
| Reconciliation offunds |
|||||||||||
| Total funds brought forward |
390,652 | 13,166,907 | 13,557,559 | 12,357,014 | |||||||
| Total funds carried forward | 670,854 | 13,268,520 | 13,939,374 | 13,557,559 |
| BALANCE | SHEET | ||||||
|---|---|---|---|---|---|---|---|
| 31 March | 2022 | ||||||
| Notes | 2022 | 2021 | |||||
| F | |||||||
| FIXEDASSETS | |||||||
| Investments | 12,904,538 | 12,900,222 | |||||
| CURRENT ASSETS | |||||||
| Debtors | 6 | 562,668 | 113,855 | ||||
| Cash at bank and | investment | managers | 7 | 583,299 | 609,082 | ||
| 1,145,967 | 722,937 | ||||||
| CREDITORS: Amounts | falling | due | |||||
| within one year: | 8 | (111,131) | (65,600) | ||||
| NET CURRENT | ASSETS | 1,034,836 | 657,337 | ||||
| NETASSETS | 13,939,374 | 13,557,559 | |||||
| CHARITYFUNDS | |||||||
| Endowment | 13,268,520 | 13,166,907 | |||||
| Unrestricted | 10 | ||||||
| -Accumulated | income | fund | 345,854 | 75,652 | |||
| - Designated | funds | 325,000 | 315,000 | ||||
| 13,939,374 | 13,557,559 |
| EXPENDIT | U | RE ON R | AI | SING | FUNDS | FUNDS | FUNDS | ||
|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||||
| Endowment | Accumulated | Endowment | Accumulated | ||||||
| fund | income | fund | income | ||||||
| 6 | 6 | ||||||||
| Repairs and | improvements | to | properties | 20,592 | 31,068 | ||||
| Insurance | 12,174 | 9,862 | |||||||
| Agents fees | 31,693 | 30,637 | |||||||
| Professional | fees | 2,580 | |||||||
| Investment | Management | Fee | 13,053 | 9,148 | |||||
| Bank charges | 60 | 120 | |||||||
| Re-letting cost | 4,196 | ||||||||
| Other expenditure | 278 | ||||||||
| 13,053 | 67,099 | 9,148 | 76,161 | ||||||
| GOVERNANCE COSTS | 2022 | 2021 | |||||||
| 6 | |||||||||
| Luncheon at | rent audits | and expenses ofannual | view | ||||||
| Subscription | -Country | Land & | Business Association | 594 | 594 | ||||
| Sundries | |||||||||
| Auditors' remuneration: |
|||||||||
| Audit | 5,000 | 4,800 | |||||||
| Other services | 3,358 | 2,880 | |||||||
| VAT reclaimed | (3,596) | (4,602) | |||||||
| 5,356 | 3,672 |
| investment | Quoted | |||
|---|---|---|---|---|
| ~ro erties | investments | Total | ||
| 8 | ||||
| Market Value at 1 April 2021 | 11,157,120 | 1,743,102 | 12,900,222 | |
| Additions | 269,151 | 209,350 | 478,501 | |
| Disposals | (469,425) | (119,426) | (588,851) | |
| Net realised and unrealised | gains | 69,425 | 45,241 | 114,666 |
| Market value at 31 March | 2022 | 11,026,271 | 1,878,267 | 12,904,538 |
| Historical cost at 31 March | 2022 | 4,050,389 | 1,562,843 | 5,613,232 |
| are a | s follows: | ||
|---|---|---|---|
| 2022 | 2021 | ||
| 8 | |||
| Acton | Hill Farm, Staffordshire | 2,278,261 | 2,278,261 |
| Manor Farm, Lawford Heath | 807,407 | 807,407 | |
| 16 - 20 High Street, Bridgnorth | 1,850,000 | 1,850,000 | |
| Land | at Blacklands Farm |
895,911 | 895,911 |
| Herd | Hill Farm, Kineton | 1,406,756 | 1,406,756 |
| DEBTORS | 2022 | 2021 | |||
|---|---|---|---|---|---|
| 6 | 6 | ||||
| Rents receivable | 80,122 | 83,455 | |||
| Other debtors | 482,546 | 30,400 | |||
| 562,668 | 113,855 | ||||
| Rents receivable | is measured | at amortised cost. | |||
| CASH AT BANK AND | INVESTMENT MANAGERS | ||||
| 2022 F |
2021f | ||||
| Lloyds pic | 386,996 | 311,157 | |||
| Brewin Dolphin | Ltd | 52,597 | 154,278 | ||
| Lloyds pic —Deposit Account | 127,118 | 127,080 | |||
| COLA | 654 | 654 | |||
| Virgin Money | 15,934 | 15,913 | |||
| 583,299 | 609,082 | ||||
| CREDITORS: Amounts | falling | due within one year | |||
| 2022 | 2021 | ||||
| 6 | F | ||||
| Rents received | in advance | 29,601 | 29,675 | ||
| Trade creditors | 5,057 | 7,160 | |||
| VAT | 16,260 | 8,385 | |||
| Accrued expenditure | 60,213 | 20,380 | |||
| 111,131 | 65,600 |
| Balance at 1 |
Income | Transfers | E~dl | Balance t 31 |
|||||
|---|---|---|---|---|---|---|---|---|---|
| April 2021 | ~and ains |
funds 6 |
and losses F |
March 2022 f |
|||||
| a) | Designated | fund | |||||||
| Improvement | and | renovation | fund | 220,000 | 220,000 | ||||
| Land promotions | fund | 95,000 | 10,000 | 105,000 | |||||
| 315,000 | 10,000 | 325,000 | |||||||
| b) | Accumulated | income | 75,652 | 418,309 | (148,107) | 345,854 | |||
| Total Unrestricted | funds | 390,652 | 428,309 | (148,107) | 670,854 |
| Net | |||||||
|---|---|---|---|---|---|---|---|
| Freehold | current | ||||||
| ~ro e | Investments | assets | Total | ||||
| 8 | 8 | ||||||
| Endowment fund |
11,026,271 | 1,878,267 | 363,982 | 13,268,520 | |||
| Unrestdicted funds: |
|||||||
| Improvement | and | renovation | fund | 220,000 | 220,000 | ||
| Land promotions | fund | 105,000 | 105,000 | ||||
| Accumulated | income | 345,854 | 345,854 | ||||
| Total net assets | 11,026,271 | 1,878,267 | 1,034,836 | 13,939,374 |