||||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|