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||Page|
|---|---|
|Charity
Information||
|Feolfees' Report|2-5|
|Auditors'
Report|6-8|
|Statement ofFinancial Activities —current year||
|Balance Sheet|10|
|Notes tothe Financial Statements|11-16|
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|Clerk and|Agent:|Mr P ECowen|||
|---|---|---|---|---|
|||Messrs. Godfrey-Peyton|||
|||Old Bablake|||
|||Hill Street|||
|||Coventry|||
|||Cvt 4AN|||
|Bankers:||Lloyds pic|||
|||High Street|||
|||Coventry|||
|||CV15RA|||
|Solicitors:||Rotherham
&Company||Limited|
|||8 &9The Quadrant|||
|||Coventry|||
|||CV1 2EG|||
|Auditors:||Dafferns LLP|||
|||Chartered
Accountants|||
|||One Eastwood|||
|||Harry Weston Road|||
|||Binley Business|Park||
|||Coventry|||
|||CV3 2UB|||
|Investment|Advisors:|Brewin Dolphin|Limited||
|||9Colmore Row|||
|||Birmingham|||
|||832BJ|||
|Registered|No:|235581|||
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||||||||~Ut|i t|EolllzKIKt|EolllzKIKt|~Tt
I|~Tote|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||Notes||funds||funds||2023|2022|
|Income and endowments|||from:||||||||||
|Investments|||||||||||||
|Rental income|||||||392,847||||392,847|375,274|
|Wayleaves|||||||1,138||||1,138|1,136|
|Land promotion|fees|||||||||||10,000|
|Dividends
and interest||on|||||||||||
|quoted securities|||||||49,193||||49,193|41,839|
|Interest on bank|deposits||||||4,839||||4,839|60|
|Total income and endowments|||||||448,017||||448,017|428,309|
|Expenditure
on:|||||||||||||
|Raising funds||||||2|106,534||11,996||118,530|80,152|
|Charitable
activities:|||||||||||||
|Trustees ofCoventry||Church|||||||||||
|(Municipal)
Charities|||||||345,854||||345,854|75,652|
|Governance costs||||||3|4,097||||4,097|5,356|
|Total expenditure|||||||456,485||11,996||468,481|161,160|
|Net gains / (losses)|on investment|||assets||5|||(104,047)||(104,047)|114,666|
|Net (expenditure)
/|income||||||(8,468)||(116,043)||(124,511)|381,815|
|Net movement
in funds|||||||(8,468)||(116,043)||(124,511)|381,815|
|Reconciliation
offunds|||||||||||||
|Total funds brought|forward||||||670,854||13,268,520|13,939,374||13,557,559|
|Total funds carried|forward||||||662,386||13,152,477|13,814,863||13,939,374|
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||||||BALANCE|SHEET||||
|---|---|---|---|---|---|---|---|---|---|
||||||31 March|2023||||
||||||Notes|5|2023
5|f|2022
F|
|FIXEDASSETS||||||||||
|Investments|||||||12,928,205||12,904,538|
|CURRENT ASSETS||||||||||
|Debtors||||||81,502||562,668||
|Cash at bank and||investment||managers||879,413||583,299||
|||||||960,915||1,145,967||
|CREDITORS: Amounts|||falling due|||||||
|within one yean|||||8|(74,257)||(111,131)||
|NET CURRENT|ASSETS||||||886,658||1,034,836|
|NET ASSETS|||||||13,814,863||13,939,374|
|CHARITY FUNDS||||||||||
|Endowment|||||||13,152,477||13,268,520|
|Unrestricted|||||10|||||
|-Accumulated||income|fund||||337,386||345,854|
|-Designated|funds||||||325,000||325,000|
||||||||13,814,863||13,939,374|
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||||2023|2023|2022||
|---|---|---|---|---|---|---|
||||Endowment|Accumulated|Endowment|Accumulated|
||||fund
6|income|fund|income
f|
|Repairs and improvements||to properties||57,426||20,592|
|Insurance||||13,658||12,174|
|Agents fees||||33,408||31,693|
|Professional fees||||678||2,580|
|investment
Management||Fee|11,996||13,053||
|Bank charges||||60||60|
|Re-letting cost||||630|||
|Electricity costs —vacant||property||500|||
|Other expenditure||||174|||
||||11,996|106,534|13,053|67,099|
|GOVERNANCE COSTS|||||2023|2022|
||||||6|6|
|Luncheon at rent audits|and expenses ofannual view||||375||
|Subscription - Country|Land &Business Association||||876|594|
|Auditors'
remuneration:|||||||
|Audit|||||5,500|5,000|
|Other services|||||2,480|3,358|
|VAT reclaimed|||||(5,134)|(3,596)|
||||||4,097|5,356|
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|||Freehold||||
|---|---|---|---|---|---|
|||i
t|t|Quoted||
|||grroerties||investments|Total|
||||||6|
|Market Value at 1 April 2022||11,026,271||1,878,267|12,904,538|
|Additions||1,558||417,083|418,641|
|Disposals||||(290,927)|(290,927)|
|Net realised and unrealised|gains|||(104,047)|(104,047)|
|Market value at 31 March|2023|11,027,829||1,900,376|12,928,205|
|Historical cost at 31 March|2023|4,051,947||1,727,585|5,779,932|
|above historical cos|t disclosure.||
||
|---|---|---|---|---|
|||||~22|
|||||E|
|Quoted investments|at market value comprise:||||
|Ordinary stocks and shares|||1,287,868|1,387,296|
|Bonds|||323,590|254,040|
|Global investments|and absolute|returns|174,566|136,668|
|Cash product and other investments|||114,352|100,263|
||||1,900,376|1,878,267|
|Freehold
investment
properties
comprising
over 5'/o
are as follows:|ofthe market value ofthe total inve|stment
porffol|
|---|---|---|
||2023
E|2022f|
|Acton Hill Farm, Staffordshire|2,278,261|2,278,261|
|Manor Farm, Lawford Heath
16-20 High Street, Bridgnorth|807,407
1,850,000|807,407
1,850,000|
|Land at Blacklands
Farm|895,911|895,911|
|Herd
Hill Farm, Kineton|1,406,756|1,406,756|
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|||FOUNDED BYW|FOUNDED BYW|ILL DATED 18MARCH 1506|||
|---|---|---|---|---|---|---|
|||NOTES TO THE||FINANCIAL STATEMENTS|||
||||forthe year|ended 31 March 2023|||
|DEBTORS|||||2023
6|2022f|
|Rents receivable|||||81,102|80,122|
|Other debtors|||||400|482,546|
||||||81,502|562,668|
|Rents receivable|is measured||at amortised|cost.|||
|CASH AT BANK AND||INVESTMENT MANAGERS|||||
||||||2023|2022|
||||||6||
|Lloyds pic|||||113,844|386,996|
|Brewin Dolphin|Ltd||||217,325|52,597|
|Lloyds pic —Deposit Account|||||531,602|127,118|
|CCLA|||||666|654|
|Virgin Money|||||15,976|15,934|
||||||879,413|583,299|
|CREDITORS: Amounts||falling|due within one year||||
||||||2023|2022|
||||||F|6|
|Rents received|in advance||||29,977|29,601|
|Trade creditors|||||103|5,057|
|VAT|||||11,750|16,260|
|Accrued expenditure|||||32,427|60,213|
||||||74,257|111,131|
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|UNRESTRICTED FUNDS|UNRESTRICTED FUNDS|UNRESTRICTED FUNDS|UNRESTRICTED FUNDS||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||Balance|||Transfers||Balance|
||||||at1|Income||between|Cht|t 31|
||||||April
2022|~and|sins|funds
5|and losses|March 2023|
|a)|Designated|fund|||||||||
||Improvement|and|renovation|fund|220,000|||||220,000|
||Land promotions||fund||105,000|||||105,000|
||||||325,000|||||325,000|
|b)|Accumulated|income|||345,854|448,017||-|(456,485)|337,386|
||Total Unrestricted||funds||670,854|448,017|||(456,485)|662,386|
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|||||||Net||
|---|---|---|---|---|---|---|---|
|||||Freehold||current||
|||||~ro e|Investments|assets|Total|
|||||E||6||
|Endowment
fund||||11,027,829|1,900,376|224,272|13,152,477|
|Unrestricted
funds:||||||||
|Improvement|and|renovation|fund|||220,000|220,000|
|Land promotions||fund||||105,000|105,000|
|Accumulated|income|||||337,386|337,386|
|Total net assets||||11,027,829|1,900,376|886,658|13,814,863|
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