2022-12-31-accounts - Consolidated Charity Of Burton Upon Trent

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Trustees Annual Report
Reference and Administrative	Details
Structure, Governance and Management
Objectives and Activities		6-9
Achievements and Performance		10-17
Financial Review		18-19
Plans for Future Periods		20
Trus~s Responsibilities
Financial Statements
Auditors Report		21-23
Statement of Financial Activities
Balance Sheet
Cash Flow Statement
Notes to Cash Flow Statement
Notes forming part ofthe Financial Statements

ofincome	and expencNture	before unreallsed	gains and losses
	2018-22
Year	Income	Expenditure	Surptus I iDeficlt)
2018	E626,224	E857,394	E(231,170)
2019	E622,301	E600,245	E22,056
	E585,944	E527,172	f38,772
2021	E628,611	E559,309	E69.502
2022	E679,188	E635,909	E43,279

						2022	2021
			Unrestricted	Restricted	Endowment	Total	Total
		Notes	funds 6	funds 6	fundf	funds 6	funds 6
INCOME AND ENDOWMENTS
FROM
Donations and legames							500
Charitable activities		5
Almshouses			133,935			133,935	119,688
Investment income		4	3 5 90	13,799	206.204	545 53	506,623
Total			45912	73700	206204	670100	628811
EXPENDITURE ON
Raising funds		6	130,560	2,202	78	132,840	131,907
Charitable activities		7
Almshouses			196,966			196,966	143,589
Grant making			264,720			264,720	241,809
Governance			41 303			~1 303	42 004
Total			633629	2202	78	635909	559309
Net gains/(losses) investments	on	~600 534)		222 466	~774 033)	~7207 101)	1 3 2204
NET INCOME/(EXPENDITURE) 7 1 9 I 4		19	(874,038) 211 13	234,063	(567,847) ~2117 3)	(1,207,822)	1,441,796
Net movement In	funds		(662,325)	234,063	(779,560)	(1,207,822)	1,441,796
RECONCILIATION	OF FUNDS
Total funds brought	forward		7,280,964	1,673,172	7,977,099	16,931,235	15,489,439
TOTAL FUNDS CARRIED
FORWARD			6610.639	1.907.235	7197539	1 .23.413	16,931,235

						2022	2021
			Unrestricted	Restricted	Endowment	Total	Total
		Notes	funds	funds f	fund f	funds f	funds f.
FIXEDASSETS
Tangible assets		13	415,003	1,445,000		1,860,003	1,485,003
Investments
Investments		14	5,902,884	462,235	5,882,539	12,247,658	13,849,331
Investment property		15			1 315000	1 315000	1 260000
			6,317,887	1,907,235	7,197,539	15,422,661	16,599,334
CURRENT ASSETS
Debtors		16	29,315			29,315	26,237
Cash at bank and	in hand		448,295			448,295	463,090
			477,610			477,610	489,327
CREDITORS
Amounts falling due within one
year		17	(156,858)			(156,858)	(137,426)
NET CURRENT ASSETS			320 702			320 752	351 901
TOTAL ASSETS	LESS
CURRENT LIABILITIES			6,638,639	1,907,235	7,197,539	15,743,413	16,951,235
CREDITORS
Amounts falling due after more
than one year		18	(20,000)			(20,000)	(20,000)
NET ASSETS			6,610.639	907 235	7,197,539	15,723,413	16,931,235
FUNDS		19
Unrestricted funds						6,618,639	7,280,964
Restncted funds						1,907,235	1,673,172
Endowment funds						7 197539	7,977,099
TOTALFUNDS						15723413	16931235

			2022	2021
		Notes
Cash flows from operating activities Cash generated from operations			~575381)	~528,237)
Net cash used in operating activities			~575,381)	~528 237)
Cash flows from investing activities
Purchase offixed asset investments			(132,084)
Sale offixed asset investments			57,656	56,757
Interest received			~428 828	399,950
Net cash provided by investing activities			~354400	~456707
Cash flows from financing activities
Income attributable to endowment Expenditure attributable to endowment			206,264 ~78)	192,836
Net cash provided by financing activities			~206186	192,836
Change In cash and cash equivalents	In
the reporting period			(14,795)	121,306
Cash and cash equivalents at the beginning ofthe reporting period			~463090	341,784
Cash and cash equivalents at the end the reporting period	of		~448 295	463,090

RECONCILIATION OF NET (EXPENDITURE) ACTIVITIES	/INCOME TO NET CASH F	LOW FROM OPERATI	NG
		2022f	2021f
Net (expenditure)/Income for the reporting	period (as per the
Statement of Financial Activities)		(1,207,822)	1,441,796
Ad]ustments for:
Losses/(gain) on investments		1,251,101	(1,372,294)
Interest received		(428,828)	(399,950)
Income attributable to endowment		(206,264)	(192,836)
Expenditure attributable to endowment		78
(Increase)/decrease in debtors Increase/(decrease) in creditors		(3,078) ~19432	7,964 ~12,917)
Net cash used in operations		~575 381)	~528,237)

ANALYSIS OF CHANGES IN NET FUNDS
	At 1/1/22	Cash flow	At 31/12/22
	6		6
Net cash
Cash at bank and in hand	~463090	~14795)	~448 295
	~463090	~14795)	448,295
Total	~463090	~14795)	~448 295

sUpport co	sts.	sts.
Allocation	and apportionment		ofcosts
Support costs represent		the general management			and administration	costs of the charity. They are allocated to
the relevant	cost category on the		basis oftime	incurred as follows:
Raising funds:
		Financial	investments			100/
		Investment properties				10'/
		Weekly	maintenance	contributions		5%
Charitable	activities:
		Grant making				25%
		Alms houses				25%
Governance						25%

	contract that e	contract that e	vidences a residual interest in the assets ofthe co	vidences a residual interest in the assets ofthe co	mpany after deducting all ofIts ha	bilitles.
	DONATIONS		AND LEGACIES
					2022	2021
					6	6
	Donations					500
4.	INVESTMENT		INCOME
					2022	2021
					6	6
	Rents received				116,425	108,673
	Dividends	and	interest		~428 828	399,950
					~545 253	508,623
5.	INCOME	FROM CHARITABLE ACTIVITIES
					2022	2021
						Total
					Almshouses	activities
						6
	Weekly maintenance			contributions	~133935	~119 688

	RAISING FUNDS	RAISING FUNDS
	Raising donations		and	legacies
								2022f	2021f
	Investment management			fees				69,594	69,066
	Maintenance	expenses						15,028	16,246
	Establishment	expenses						7,702	8,482
	Other costs Legalfees							8,874 ~1211	8,040 1,209
								~102 409	103,043
	Other trading	activities
								2022f	2021f
	Support costs							~18 259	17,318
	fnvestment management			costs
								2022f	2021f
	Support costs							~12 172	~tt 546
	Aggregate amounts							~132 840	131,907
7.	CHARITABLE ACTIVITIES COSTS
						Grant
						funding	of
						activities		Support
					Direct	(see note		costs (see
					Costs f.	8)f		note 9) f.	Totals f
	Almshouses				166,534			30,432	196,966
	Grant making					234,288		30,432	264,720
	Governance							~41 383	41,383
					~166 534	~234 288		~102 247	~503069
8.	GRANTS PAYABLE
								2022 6	2021f
	Grant making							~234 288	212,945

	GRANTS PAYA The total grants	BLE - paid to	continued institutions	during	the year was as follows:
							2022f	2021f
	Sport, recreation	and leisure					58,956	25,450
	Education and youth development							31,575
	Voluntary groups	—Buildings					19,000	14,820
	Voluntary groups	—Equipment					7,000	7,918
	Voluntary groups	- Overheads					21,500	4,500
	Faith						11,000	9,000
	Community, environment Grants awarded but not		and heritage taken up or withdrawn				34,647	~5992)
							152,103	87,271
	The total grants	paid to	individuals	during	the year was as follows:
							2022f	2021f
	Relief in need						37,101	63,974
	Bursaries						44,500	60,000
	Education and youth development						584	1,700
							~82 185	125,674
9.	SUPPORT COSTS
							Governance
						Management f	costs f	Totals
	Other trading activities					18,259		18,259
	Investment management		costs			12,172		12,172
	Alms houses					30,432		30,432
	grant making					30,432		30,432
	Governance					~30 432	10,951	~41 383
						121,727	~10 951	132,678

Support costs, induded in the above, are as	follows:
Management
	Other	Investment
	trading	management
	activities f	costs f	Alms houses f
Clerk's remuneration	16,710	11,140	27,850
Bank charges	63	42	105
Other costs	1,486	990	2,477
	~18 259	~12 172	~30 432

		2022f	2021
Wages Other	and salaries pension costs	28,964 495	27,521 432
		~29 459	27,953

12.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
			Unrestricted	Restncted		Endowment	Total
			funds f	funds f		fundf	fundsf
	INCOME AND ENDOWMENTS	FROM
	Donations and legacies		500				500
	Charitable activities
	Almshouses		119,688				119,688
	Investment income		303,479	12,308		192,836	508,623
	Total		423667	12.308		192,836	628,811
	EXPENDITURE ON
	Raising funds		129,775	2,132			131,907
	Charitable actlvides
	Almshouses		143,589				143,589
	Grant making		241,809				241,809
	Governance		42,004				42,004
	Total		557 177	2,132			559,309
	Net gains on investments		658,131	49,980		884783	1372294,
	NET INCOME Transfers between funds		524,621 192836	60,156		857,019 ~7928367	1,441,796
	Net movement in funds		717,457	60,156		664,183	1,441,796
	RECONCILIATION OF FUNDS
	Total funds brought forward		6,563,507	1,613,016		7,312,916	15,489,439
	TOTAL FUNDS CARRIED FORWARD		7.280964	1673.1	2	97099	. 6.93 .235
13.	TANGIBLE FIXEDASSETS
				Freehold		Computer
				properly f		equipment f	Totals f
	COST OR VALUATION
	At 1 January 2022 Revaluations			1,485,000 ~375000		1,583	1,486,583 ~375000
	At 31 December 2022			~1860000		1,583	~1861583
	DEPRECIATION At 1 January 2022 and 31 December 2022					~1580	~1580
	NET BOOK VALUE
	At 31 December 2022			~1860,000			~1860003
	At 31 December 2021			~1,485000			~1485003

Cost or v	alua	tion at 31 December 2022 is	represented by:
			Freehold	Computer
			property	equipment	Totals
			6	6	6
Valuation Valuation	in in	2017 2022	1,485,000 ~375000	1,583	1,486,583 ~375000
			~1860000	~1583	~1861583

						Cash and
					Listed	settlements
					investments 6	pending f	Totals 6
MARKET VALUE
At 1 January	2022				13,644,530	204,801	13,849,331
Additions					2,521,251	(2,389,167)	132,084
Dieposals					(2,604,253)	2,604,253
Revaluations					(1,676,101)		(1,676,101)
Accumulated	income					428,424	428,424
Management Withdrawals	fees					(69,594) ~40486)	(69,594) ~406406)
At 31 December 2022					11005427	302231	12247 650
NET BOOK	VALUE
At 31 December 2022
At 31 December 2021					3,044.530	204,0D1	13049331
There were	no investment		assets outside the UK.
Cost or valuation		at 31 December 2022 is represented		by:
						Cash and
					Listed	settlements
					investments 6	pending 6	Totals f
Valuation brought		forward	2019		11,848,430	107,081	11,955,511
Valuation in	2020				389,073	189,210	578,283
Valuation in Valuation in	2021 2022				1,407,027 ~0750003	(91,490) 107400	1,315,537 ~00006 3)
					11 005 427	362 2.31	12. 4 650

FAIR VALUE
At 1 January 2022 Revaluation	1,265,000 ~50000
At 31 December 2022	~1315,000
NET BOOK VALUE
At 31 December 2022	~1315000
At 31 December 2021	1,265,000

	Fair value at 31 December	Fair value at 31 December	2022 is represented	by:		f
	Valuation in 2017 Valuation in 2022					1,265,000 ~50 000
						1,315,000
16.	DEBTORS:AMOUNTS	FALLING DUE WITHIN		ONE YEAR
					2022 f	2021 f
	Rental income dus				20,100	18,375
	Rental deposits				3,345	3,345
	Prepayments				5,870	4,517
					~29 315	26 237
17.	CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR
					2022	2021
					f
	Trade creditors				36,638	36,652
	Social security and other taxes				562	508
	Grants payable				82,283	53,059
	Deferred income —rents in		advance		11,396	10,288
	Other creditors				5,300	5,460
	Accruals and deferred	income			~20 679	31,459
					~156858	~137426
18.	CREDITORS: AMOUNTS		FALLING DUE AFTER MORE THAN ONE YEAR
					2022 f	2021 f
	Grants payabls				~20 000	~20 000

MOVEMENT IN FUN	DS
				Net	Transfers
				movement	between	At
			At 1/1/22 f	in funds f	funds f.	31/12/22 f
Unrestricted funds
General fund			1,039,868	(169,004)	211,713	1,082,577
Almshouses fund			320,000	95,000		415,000
Extraordinary Repair	Top-up fund		259,940			259,940
Cyclical Maintenance Grants fund	fund		19,970 5,641186	(5,500) ~94 534)		14,470 4,846,652
			7,280,964	(874,038)	211,713	6,618,639
Restricted funds
Almshouse fund Extraordinary Repair	fund		1,028,020 845 152	280,000 ~45 937)		1,308,020 599215
			1,673,172	234,063		1,907,235
Endowmentfunds
Capital fund			7,977,099	(567,847)	(211,713)	7,197,539
TOTAL FUNDS			6,931 235	~1207822)		15723413
Net movement in funds,		included	in the above are as follows:
			Incoming	Resources	Gains and	Movement
			resources f	expended f	losses f	in funds f
Unrestricted funds
General fund			459,125	(628,129)		(169,004)
Almshouses fund					95,000	95,000
Cyclical Maintenance Grants fund	fund			(5,500)	~794,534)	(5,500) ~794,534)
			459,125	(633,629)	(699,534)	(874,038)
Restricted funds
Almshouse fund Extraordinary Repair	fund		~13799	~2202)	280,000 ~57534)	280,000 ~45937)
			13,799	(2,202)	222,466	234,063
Endowment funds
Capital fund			206,264	(78)	(774,033)	(567,847)
TOTAL FUNDS			679,188	~635,909)	~1251,101)	~1207822)

Comparatlve	s for m	ovement in funds
				Net	Transfers
				movement	between	At
			At 1/1/21	in funds	funds	31/12/21
			6		6	f
Unrestricted	funds
General fund			958,542	(111,510)	192,836	1,039,868
Almshouses	fund		320,000			320,000
Extraordinary	Repair	Top-up fund	259,940			259,940
Cyclical Maintenance		fund	41,970	(22,000)		19,970
Grants fund			4 903055	650 131		5041 106
			6,563,507	524,621	192,836	7,280,964
Restricted funds
Almshouse	fund		1,028,020			1,028,020
Extraordinary	Repair	fund	584.996	00 156		645,152
			1,613,016	60,156		1,673,172
Endowment	funds
Capital fund			7,312,916	857,019	(192,836)	7,977,099
TOTAL FUNDS			15409438	1441198		16931 235

Compar	ative	net mov	ement in funds, in	cluded in the above are a	s follows:
				Incoming	Resources	Gains and	Movement
				resources	expended	losses	in funds
				F		E	F
Unrestricted		funds
General	fund			423,667	(535,177)		(111,510)
Cyclical Grants	Maintenance fund		fund		(22,000)	~658 131	(22,000) 658,131
				423,667	(557,177)	658,131	524,621
Restricted funds
Extraordinary		Repair	fund	12,308	(2,132)	49,980	60,156
Endowmentfunds
Capital	fund			192,836		664,183	857,019
TOTAL	FUNDS