2022-03-31-accounts

			Page
Report ofthe Trustees		1	to	4
Independent Examiner's	Report
Statement of Financial	Activities
Balance Sheet
Notes to the Financial Statements		8	to	14
Detailed Statement of Financial Activities			15

The Trustees received no remuneration	The Trustees received no remuneration	The Trustees received no remuneration	during 2021	/22 and there	were no related party transactions.
REFERENCE AND ADMINISTRATIVE			DETAILS
Registered Charity	number
244569
Principal address
Guildhall
Worcester
Worcestershire
WR1 2EY
Trustees
City Councillor Trustees
Councillor Jenny Barnes		Vice-Chairman
Councillor Tracey Biggs				(resigned 8	May 2021)
Councillor Chris Cawthorne				(resigned 8	May 2021)
Councillor Allah Ditta
Councillor Nida Hassan
Councillor Josephine	Hodges			(appointed	8June 2021 and resigned 9 May 2022)
Councillor Stephen Hodgson				(appointed	8June 2021)
Councillor Mike Johnson		Vice-Chairman		(resigned 9	May 2022)
Councillor Karen Lewing				(appointed	8 June 2021)
Independent Trustees
Rev Canon Georgina	Byrne			(resigned 28 October 2021)
Mrs Josephine Hodges				(reappointed	24 May 2022)
Mr Bill Simpson		Chairman
Independent Examiner
The Richards Sandy	Partnership
Thorneloe House
25 Barbourne Road
Worcester
Worcestershire
WR1 1RU
Treasurer
Mark Baldwin
Administrators
Worcester City Council
Guildhall
Worcester
WR1 2EY

				for the Year E	nded 31stMarch	2022
							2022	2021
					Development	Repairs
				Unrestricted	designated	designated	Total	Total
				funds	fund	fund	funds	funds
			Notes	f	6	6	6	6
INCOME AND ENDOWMENTS
FROM
Donations and legacies			3	8,875			8,875	4,907
Investment income			4	145,218			145,218	133,465
Total				154,093			154,093	138,372
EXPENDITURE ON
Raising funds			5	79,274			79,274	87,572
Charitable activities
Grants issued				24,028			24,028	18,575
Total				103,302			103,302	106,147
Net gains on investments								320,000
NET INCOME				50,791			50,791	352,225
Transfers between		funds	14	~14,834)	4,834	10,000
Net movement in funds				35,957	4,834	10,000	50,791	352,225
RECONCILIATION	OF FUNDS
Total funds brought		forward		1,225,976	7,473	72,567	1,306,016	953,791
TOTAL FUNDS CARRIED
FORWARD				1,261,933	12,307	82,567	1,356,807	1,306,016

				31st	March 2022
							2022	2021
					Development	Repairs
				Unrestricted	designated	designated	Total	Total
			Notes	funds f	fund 6	fundf	funds 6	funds F
FIXEDASSETS
Investment property			10	1,170,000			1,170,000	1,170,000
CURRENT ASSETS
Debtors			11	127,273			127,273	53,199
Cash at bank				21,800	12,355	82,567	116,722	126,688
				149,073	12,355	82,567	243,995	179,887
CREDITORS
Amounts falling	due within one
year			12	(55,043)	(48)		(55,091)	(40,726)
NET CURRENT	ASSETS			94,030	12,307	82,567	188,904	139,161
TOTAL ASSETS LESS
CURRENT LIABILITIES				1,264,030	12,307	82,567	1,358,904	1,309,161
CREDITORS
Amounts falling	due after more
than one year			13	(2,097)			(2,097)	(3,145)
NET ASSETS				1,261,933	12,307	82,567	1,356,807	1,306,016
FUNDS			14
Unrestricted funds:
General unrestricted		funds					91,933	55,976
Capital reserve fund Development fund Repairs fund							1,170,000 12,307 82,567	1,170,000 7,473 72,567
							1,356,807	1,306,016
TOTAL FUNDS							1,356,807	1,306,016

RAISING FUNDS	RAISING FUNDS	RAISING FUNDS	RAISING FUNDS
INVESTMENT MANAGEMENT				COSTS
						2022	2021
						6	5
Investment property	manager			fees		28,300	25,716
Property insurance Advertising and marketing Electricity, water and business				rates		38,061 7,633 2,424	29,901 3,729 1,632
Property repairs and	maintenance					2,856	26,594
						79,274	87,572
GRANTS PAYABLE
						2022	2021
							5
Grants issued							200
The total grants paid	to individuals				during the year was as follows:
						2022f	2021 5
Grants to Hopmarket	tenants		—Covid-19 relief				200
SUPPORT COSTS
Support costs, included in		the		above, are as follows:		2022f	2021f
Administration charges						16,300	16,300
Independent examination fee Trustee indemnity insurance						2,130 394	1,360 498
Legal fees Sundries						4,946 258	217
						24,028	18,375

COMPARATIVES F		OR THE ST	ATEMENT O	F FINANCIAL ACTI	VITIES
					Development	Repairs
				Unrestricted	designated	designated	Total
				funds 9	fund 6	fundf	funds E
INCOME AND ENDOWMENTS			FROM
Donations and legacies				4,907			4,907
Investment income				133,465			133,465
Total				138,372			138,372
EXPENDITURE ON
Raising funds				87,572			87,572
Charitable activities
Grants issued				18,575			18,575
Total				106,147			106,147
Net gains on investments				320,000			320,000
NET INCOII/IE				352,225			352,225
Transfers between		funds		~6,071)	~3,929)	10,000
Net movement in funds				346,154	(3,929)	10,000	352,225
RECONCILIATION	OF FUNDS
Total funds brought		forward		879,822	11,402	62,567	953,791
TOTAL FUNDS CARRIED FORWARD				1,225,976	7,473	72,567	1,306,016
INVESTMENT PROPERTY
FAIR VALUE
At 1st April 2021
and 31st March 2022							1,170,000
NET BOOK VALUE
At 31st March 2022							1,170,000
At 31st March 2021							1,170,000

11.	DEBTORS: AMOUNTS			FALLING		DUE WITHIN ONE YEAR
								2022	2021
								6	2
	Trade debtors							5,994	6,652
	Fisher German	LLP						70,831	9,189
	Prepayments	and accrued			income			50,448	37,358
								127,273	53,199
12.	CREDITORS:	ANIOUNTS			FALLING DUE WITHIN ONE YEAR
								2022	2021
								6	2
	Tenant deposits							4,048	4,048
	Worcester City Council							28,574	23,231
	Accrued expenses							21,420	12,398
	Deferred income (see note				15)			1,049	1,049
								55,091	40,726
13.	CREDITORS:	AMOUNTS			FALLING DUE AFTER MORE THAN		ONE YEAR
								2022	2021
								6
	Deferred income (see note				15)			2,097	3,145
14.	MOVEMENT	IN FUNDS
							Net	Transfers
							movement	between	At
						At 1.4.21 f	in funds L'	funds 2	31.3.22 f
	Unrestricted	funds
	General unrestricted		funds			55,976	50,791	(14,834)	91,933
	Capital reserve fund					1,170,000			1,170,000
	Development	fund				7,473		4,834	12,307
	Repairs fund					72,567		10,000	82,567
						1,306,016	50,791		1,356,807
	TOTAL FUNDS					1,306,016	50,791		1,356,807
	Net movement	in funds,		included		in the above are as follows:
							Incoming	Resources	Movement
							resources	expended	in funds
								F	E
	Unrestricted	funds
	General unrestricted		funds				154,093	(103,302)	50,791
	TOTAL FUNDS						154,093	(103,302)	50,791

Compar	atives	for m	oveme	nt in fun	ds
							Net	Transfers
							movement	between	At
						At 1.4.20 f	in funds F	funds f	31.3.21
Unrestricted		funds
General	unrestricted		funds			29,822	32,225	(6,071)	55,976
Capital	reserve fund					850,000	320,000		1,170,000
Development		fund				11,402		(3,929)	7,473
Repairs	fund					62,567		10,000	72,567
						953,791	352,225		1,306,016
TOTAL	FUNDS					953,791	352,225		1,306,016
Comparative		net movement		in funds,	included	in the above are as follows:
						Incoming	Resources	Gains and	Movement
						resources f	expended f	losses 6	in funds f
Unrestricted		funds
General	unrestricted		funds			138,372	(106,147)		32,225
Capital	reserve fund							320,000	320,000
						138,372	~106,147	320,000	352,225
TOTAL	FUNDS					138,372	(106,147)	320,000	352,225

Minimum lease income due to the charity under non-canc	ellable operating leases fall due as follow	s:
	2022	2021f
Within one year	72,303	57,548
Between one and five years	117,303	139,154
after five years	161,950	163,369
	351,556	360,071

			for the Year Ended 31	stMarch 2022
				2022	2021
				5	5
INCOME AND ENDOWMENTS
Donations and legacies
Grants				8,875	4,907
Investment income
Rents received				145,218	133,454
Bank interest received					11
				145,218	133,465
Total incoming resources				154,093	138,372
EXPENDITURE
Investment management		costs
Investment property	manager fees			28,300	25,716
Property insurance				38,061	29,901
Advertising and marketing				7,633	3,729
Electricity, water and business			rates	2,424	1,632
Property repairs and	maintenance			2,856	26,594
				79,274	87,572
Charitable activities
Grants to individuals					200
Support costs
Administration charges				16,300	16,300
Independent examination		fee		2,130	1,360
Trustee indemnity	insurance			394	498
Legal fees				4,946
Sundries				258	217
				24,028	18,375
Total resources expended				103,302	106,147
Net income				50,791	32,225