## ## ## ## ||Trustees|and advisers||| |---|---|---|---|---| |2-4|Trustees'|annual
report||| ||independent
examiner's|||report| ||Statement|offinancial|aotivities|| ||Balance sheet|||| |8-13|Notes to|the accounts||| |14-17|Schedule|ofinvestment||transactions| ## ## ## ## |||APPOINTE| |---|---|---| |H L Gray-Cheape|Esq JP DL|1986| |J Rigg Esq
Mrs J Bird||1994
1997| |C P Stratton Esq|FRICS MRTPI|2002| |D J Barnes Esq FCA||2009| |J G Chambers
Esq||2013| |C E A Haselwood|Esq FAAV|2016| |RTreverton-Jones|Esq|2018| |The Hon. C A Leigh||2019| |M Throckrnorton|Esq|2022| ## ## ## ## |INVESTMENT MANAGERS||| |---|---|---| ||EFG Harris Allday|| ||Ombersley|| |BANKERS||| ||Lloyds Bank|pic.| ||Stratford
upon Avon|| |ACCOUNTANTS||| ||H. L. Barnes|| ||Stratford
upon Avon|| |REGISTERED ADDRESS|Packington|Hall| ||Packington|Park| ||Meriden|| ||CV7 7HF|| ## ## ## ## ## ## |Vicar of Bidford-on-Avon|9/102| |---|---| |Vicar ofBlakesley|9/102| |Poor of Bidford-on-Avon|12/102| |Poor of Blakesley|8/102| |Poor of Kenilworth|12/102| |Poor of Leek Wootton|6/1 02| |Trustees of Leigh Almshouses|24/102| |Litchborough
Charities|8/1 02| |Poor of Patlshall|8/102| |Stoneleigh
United Charities|6/102| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||Notes|Endowment|Unrestricted|Designated|Total|Total| |---|---|---|---|---|---|---|---| ||||Fund|Funds|Fund|2023|2022| |Income|||||||| |Investment
income||||202,004|9,412|211,416|214,626| |Total income||||202,004|9,412|211,41B|214,626| |Expenditure|||||||| |Charitable
expenditure;|||||||| |Grants payable||||140,864||140,864|115,295| |Costs of generating|funds:||||||| |Property
and investment|||||||| |costs||||43,561|1,295|44,856|43,263| |Total expenditure||||184,425|1,295|185,720|158,558| |Net income before|gains on||||||| |investments||||17,579|8,117|25,696|58,068| |Gains on investment|property|6|||||127,750| |Gains/(losses)
on investments||7|(16,963)|(91,199)|(16,858)|(125,020)|(304,144)| |Net Income/(expenditure)|||(16,963)|(73,620)|(8,741)|(99,324)|(120,326)| |Transfer between
funds||||(17,607)|17,607||| |Net movement
in funds|||(16,963)|(91,227)|B,BBB|(99,324)|(120,326)| |Reconciliation
offunds|||||||| |Total funds brought|forward||3,684,527|1,985,645|281,062|5,951,234|6,071,580| |Total funds carried|forward|12|63,667,564|61,894,418|F 289,928|85,851,910|F 5,951,234| ## ## ||||Notes|2023|2022| |---|---|---|---|---|---| |||||F|F| |Fixed assets|||||| |Investment
properties|||6|3,805,725|3,805,725| |Investments|||7|1,874,303|1,857,890| |Total fixed assets||||5,680,028|5,863,815| |Current assets|||||| |Debtors and|prepayments|||30,511|27,972| |Short term deposits||||133,145|24,694| |Cash at bank||||27,997|250,303| |Total current|assets|||191,653|302,969| |Liabilities:
amounts||falling due within one year|10|19,771|15,350| |Net current|assets|||171,882|287,619| |Net assets||||85,851,910|F5,951,234| |'The funds ofthe charity|||||| |Endowment|funds||||| |Permanent|endowment|||3,667,564|3,684,527| |Unrestricted|income|funds;|||| |General fund||||1,894,418|1,985,645| |Designated|fund|||289,928|281,062| |Total charity|funds|||F5,851,910|F5,951,234| ## ## ## ## ## ## ## ## ## ||2023||2022| |---|---|---|---| ||||8| ||71,797||80,037| ||139,619||134,589| |f|211,416|f|214,626| ## ## |3.
GRANTS PAYA|BLE||| |---|---|---|---| |Distributions||137,700|112,200| |Support and governance|costs|3,164|3,095| |||8 140,864|8 115,295| ## ## |4.
PRO|PERTY AND|INVESTMENT COSTS||| |---|---|---|---|---| |Repairs and|maintenance||3,336|14,980| |Insurances|||6,782|5,687| |Management|fees||16,707|15,506| |Professional|fees - Property||5,330|3,223| |Professional|fees - Investments||9,637|819| |Empty
property costs
Support and governance||costs|3,164|(47)
3,095| ||||844,856|843,263| ## |Accountancy|Accountancy||||5,040||5,040| |---|---|---|---|---|---|---|---| |Country|Landowners|Association|subscription||271||257| |Trustees'|meeting expenses||||1,017||893| |||||L'|6,328|P|6,190| ## ## ## ## |||Permanent|General|Total| |---|---|---|---|---| |||Endowment|Fund|| |||Fund||| |Valuation||||| |At 1 July|2022|3,328,500|477,225|3,805,725| |Disposal|in year|||| |Revaluations||||| |At 30June 2023||F3,328,500|6477,225|63,805,725| ## |||Permanent|Building|General|Total|Total| |---|---|---|---|---|---|---| |||Endowment|Reserve|Fund|2023|2022| |||Fund|Fund|||| |Quoted investments||||||| |Marketvalue1|July2022|216,027|247,382|1,394,481|1,857,890|2,138,237| |Additions||15,076|17,705|221,355|254,136|69,296| |Oisposals||(15,076)||(97,627)|(112,703)|(45,499)| |Net realised
investment||||||| |gains/(losses)||(1,664)||1,856|192|(1,205)| |Net unrealised|investment|||||| |gains/(losses)||(15,299)|(16,858)|(93,055)|(125,212)|(302,939)| |Market value at 30 June 2023||6 199,064|6248,229|F1,427,010|61,874,303|61,857,890| |Historical cost|30 June 2023|6168,888|F 261,398|61,269,562|61,699,848|61,547,865| ## ## ## |8.|DEBTORS|2023|2022| |---|---|---|---| ||||F| |Prepayments||2,092|1,735| |Other|debtors|28,419|26,237| |||530,511|5 27,972| ## |9.
S|H|ORT|TERM DEPOSIT|S AND CASH AT BANK|||| |---|---|---|---|---|---|---|---| |||||General|Building|Total|Total| |||||Fund|Reserve|2023|2022| ||||||Fund||| |Monies|held||by brokers|128,377|4,768|133,145|24,694| |Bank balances||||27,997||27,997|250,303| |||||F 156,734|5 4,768|5 161,142|5274,997| |10.|LIABILITIES:amounts|||falling due within one year|||| |||||||2023f|2022
2| |Creditors||and|accruals|||19,771|15,350| |||||||5 19,771|5 15,350| ## ## ## |Current Year||Balances at|Income|Expenditure|Transfers|Transfers|Gains|Balances|Balances| |---|---|---|---|---|---|---|---|---|---| |||30June|||||and|at|30June| |||2022|||||losses||2023| |a)
Permanent|||||||||| |Endowment|Funds|3,684,527|||||(16,963)|3,667,564|| |Unrestricted|||||||||| |Income funds|||||||||| |b)
General
fund||1,985,645|202,004|(184,425)||(17,607)|(91,199)|1,894,418|| |c)
Designated|fund|281,062|9,412|(1,295)||17,607|(16,858)||289,928| |TOTAL CHARITY|FUNDS|F 5,951,234|2211,416|f(185,720)|||F(125,020)|F6,851,910|| |Previous Year||Balances at|Income|Expenditure|Transfers||Gains|Balances at|| |||30June|||||and|30June|| |||2021|||||losses||2022| |a)
Permanent|||||||||| |Endowment|Funds|3,581,599|||||102,928||3,684,527| |Unrestricted|||||||||| |Income funds|||||||||| |b)
General
fund||2,189,668|205,669|(158,558)||(5,208)|(245,926)||1,985,645| |c)
Designated|fund|300,293|8,957|||5,208|(33,396)||281,062| |TOTAL CHARITY|FUNDS|66,071,560|E 214,626|F (158,558)|5|-|5(176,394)|8|5,951,234| ## ## ## |12.
AN|ALYS|IS OF NET|ASSETS BETW|EEN FUNDS||||| |---|---|---|---|---|---|---|---|---| |||||2023|||2022|| ||||Unrestricted|Endowment|Total|unrestricted|Endowment|Total| ||||Funds|Fund|Funds|Funds|Fund|Funds| |Fund balances||at 30June||||||| |are represented||by:||||||| |Tangible|fixed|assets|477,225|3,328,500|3,805,725|477,225|3,328,500|3,805,725| |Investments|||1,675,239|199,064|1,874,303|1,641,863|216,027|1,857,890| |Current|assets||51,653|140,000|191,653|162,969|140,000|302,969| |Current|liabilities||(19,771)||(19,771)|(15,350)||(15,350)| |Total net|assets||62,184,346|63,667,564|65,851,910|F2,266,707|63,684,527|85,951,234| ## |GEtlERAL FUND||||||IkldlnO
M Ju
Nl22|t|lbNet sdu
N10 Ju
MM|C
h yeas|Bl~
y|P|805
nla|)|Noklhp
nt
MJu
QM3|~I e ts
kra
~t39Jww
lwe|Buhhel
td Iklt)on| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |Netkmd
Gdd pln
0.124312fwp 0 dl|IYM|||||2,006M||3tl,360||||||2.086||| |UM
pl
31)03(Mt nn'*wu
Alllun
7
utah||||||I 04~*w||38,008||||||1,040
har||3AI~| |2J!PONI
lyd||||||08tud||00,13~||||||0210M
a||e.ds0| |Au
I
pb||||||||||||||||| |UOD 0025Lelhey shaw
Boots
h NMONNIMM~T~PI||||||~e
I||d,see||||||4e Mww|O,UI7|201| |25pOM
G
I||||||I'Buu
h||el,rmu||||||72X Mul|47,001|| |Dhe||||||||||||||||| |2~.036P Ondhaty shee
Blues
k Neth Afn
ik||I||IXI pl||1,5M eterne||||I~,048||||1,17tle||(I 773)| |I p OnlMG 0MM
0
Ie ~ I set
tTnetpe
Qeponen Deere||||||12.000N
52,000Ih||61,428||T,OM||||20,155der
S2.0Xet|04820
50,0M|| |R
Mt Bafwkh
Gr|uP Pt|||||||||||||||| |Iep OMMM Nese
Lee OahMwa
Cow pl
BI
R MMIN0
I|||Pl|||070
h
Tefwahe||41,swl||||||070 shares
7,UKI he»|30,010|(1,7201| |REIT||||||||60,260||||||5tl,XOd|31AX|(10,MS)| |Rk Tink||||||||||||||||| |1 up N
(kdhwy
N
cMI
QMef tkrek0|e
pk|||||080
hanw||||||||0th d||473| |REIT
JPN GbM Ewe)NO|Nweh|||I|T~|||31,440||x,urs||U,301)||||| |0.01pLeeMY~
Pheon G~Ie||||||410MB||~1,045||||||4),XOshee|624170|I 026| |4tl 7p DfdlM)
Ie
Memy
tpk||||||2,M0Nunc||||||||2 340dw|104137|(5862)| |0 078Qp Oml||||||1,940
I||52,886||||||I 040ne u|40,~0~|| |lkdl
Gdbm UKGmwulFD||||(Bohmd|UK Gmeb ~ u0|||||||||||| |MPChdh
Gdwe||||||26,000
h|w|39AOO||||||28,000It|42,d40|3,380| |||||||||7M 0011||62JISB||(4381|||~67,tl77|Ds.ee)| |0%i EIIA L RIND||||||H
Idlng at||Ce t|S lw|Pmhdl||HoN(np|I|IWmetvelue|Sufplwd|Sufplwd| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||80Jun
2D22||Ifrtew|Yw 7||18|Se Jf
2023||tw June
2023|(dsMt)
OA
rwd
uh|| |||||||||||||||007 077|(I8,030)|| |NdeSty Eu op
~Values
26p eeltnmy shame||||||IS,WN Wart%|83600||4,987||BWf|1753Seh%as||ep,doe||11(H7| |A 0 Global Tuel pto||||||||||||||||| |2p0fdl%F/ shefBQ||||||32%%4hams|||d,XB||543|20 145shs|w|||2,707| |mnwy
Heehh pmpentw
12pofdm
7 Idee|plo|||||21,110de|20,773|QN91||||30,410dww||||(9,738)| |HICL heath%et
C||||||||||||||||| |IPOfdhw/
elrfvw||||||10,400dr%Or|18,047|||||10,%!llshares||I~,WM||(3,8S3)| |Wda Gulord
CofP Boful fh||8||||||||||||||| |thd
GNbrd Eu 0%Thfst||(Eufspwn||Imw(ment|Twd|n!000d|34,9X|||||40,Xoah|re|33,12tl||(1,7(M)| |PLCI||||||||||||||||| |||||||43,XO
hQ/en|34 142||36,024|||||||| |lab%as Cam OBP Corp ED||UCITS EFT||||||||||||||| |||||||322 shwe|41 204|||||||37,242||(4,%2)| |oatotm
R
~ dme lhfre|Trust pb|||||||||||||||| |||||||46D40 shame|da Bad|13,(N3||||SSDN
0%||54,026||(8,118)| |J P MorBen Asm n Inv Tmd||||||||||||||||| |20p OnS nary
eh%us||||||asss an%as|33,%hl|||||I1.074 sheen||||(2,088)| |J P Moftlw GU3 C %/mete|||Lhl|||||||||||||| |||||||IRI,000ahsrw||||||XAX df||49,374||(10,744)| |Tdple pT Enemy EFF hdnt
26F Ofdl
Qfy
herw||||||34478
h||||||34,478 hans||22,Q2S||| |Deedln
In
wnw
Inv Tst||||||||||||||||| |26p Cwtnmy
dten||||||13,040ehams|SS,S13|||||13045dem||38,917||| |mr/ahri
/ Gfnth Bhd I%Tel
20P of%her/ dr%re||||||T,XSehrtws||||||7,000%|mn|SI.BX||| |JPhlorpanchhsOndhwdl
Xp OrdlnoO den%
Mersan(SQ
Inv Td PLC||||||0,200 ~tww|27,000|||||eJBOsnares||Itl,lw|(10,076)|| |26p Oldlhen/
sheen||||||22,500dww|%,280|||||22,600W||||3,019| |RM Inlrashudu
Ino Pfo||||||||||||||||| |IPOhS
nn/Ih
7||||||60,750 eh
r||||||||35,018||(11,030)| |Wend8% Ule Prl
En Td||||||||||||||||| |2p0dlwn/
shares
lwm Ameflaen te Td||||||SNOW
I|17708|26,080||||IOJ)42 dwee||||| |Bp Ofdlmv/
eh/%%||||||||44,01N||||10,030 ah|ne|41Xs||(3,028)| |LCI REIT PLC||||||||||||||||| |Ip old%sly
ahww
OCP(~lm
Ud
Ip Ordht
I / shel%||||||||40,928||||02,DXM
res
64,0Xehane||||fl6,031)
X582)| ||||||||21,3(II,OH|2221,366|8 97,027|||||1'1427,010|2 (93,056)|| |||||||||ESTATE CHARITY OPALICP„DUCHESS DUDLEY|ESTATE CHARITY OPALICP„DUCHESS DUDLEY|ESTATE CHARITY OPALICP„DUCHESS DUDLEY|ESTATE CHARITY OPALICP„DUCHESS DUDLEY|ESTATE CHARITY OPALICP„DUCHESS DUDLEY|ESTATE CHARITY OPALICP„DUCHESS DUDLEY||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||||SCHEDULE OF INVESTldBNTS||AT M|JUNE N25||||||||| ||||||||||(CONTINUED)||||||||||| |eURDING RBIHNVL FUIIO
ms~l Trult
sp C fhlrY 8lel
HICL~C
10Cldhl Iwal
ou Nh huww mwa hnuwwd|||Tma||Hldlp
t
MJ
5 No lh!ew
e.wod|||Nnklt
U
at3tl J
2N2
11,948
14,alt!|I~7 w|sdw
MVl||P|85S
wld|H Idlnoat
lla Jww
2N5
S,50D delW
8400||lank
Iah
m M Al
NN
13,137
11273||Sap 1wl
(d ff
IO
tfu
1,158
(M8D|| |EMCUWGm
r
Lwr Xhwtw
Can
pk|||||u,tma men|||||||||4 Ilaa denny||13,016|||| ||||||1,800d|||13,880||||||I turn w||13.80S|||| |Sxtlt hA
W
n)PKC
25pCea Nde
Rwuhmw thx~ph|||||2,M0d|||||||||2IIXdalai||14,618|||l,m!4| |REIT eh
rl4|||||12.SfKId|||12814||||||12860 am|||8,058|(4,046)|| |Hdlay E
ww Vul ~
26p (hdlwm
Uwr
5duwl
r UK Gmwh Fw d
kl!P Drdl
I hawt|(8|Ie|Gmnd|UK0wuh FD)|4.0X ~
l,etltl ltww|||11250
epw||||||4,000d
4,800dw|||13,800|2 820|| |BuhmdaAlh
Immi
Fwd|||||||||||||||||||| |top Cmmw uWw
JPMulaa
thSEmwfwal||Td|||2,IXd|||10,752|3616|||||2.740d|w||13608||pcs)| ||||||8,20tl Ww|||10208||||||tl200dw|||1041~||| |IXIRw Fm|||||||||||||||||||| |IpDnawy
m
SN
I
E
I tt|||||I o,etul w|||16JIIW||||||10,600du|w||8,127|(696TI|| ||||||11,5M|||1058~||||||172tlt d|||||| |Balll
ON6tndBDFDBhe|||||||||||||||||||| ||||||5,102862|||5,148||||||8,102.M2|||fi,836||(314)| ||||||hurl||||||||||||||| |llh na Cor
GBP mlp BD UCITSETF|||||||||||||||||||| |City
IL nd
INTU
iep Dmhwy mel
JPMna
AW
I
Tt|||||82d
3J)00d|||7,84f!
14,018||||||82Ua
3 tfoo Wa|||7.171
13,895||P74)
(123)| |25pDmwmm
Ad aaad Tait ph|||||22eaaw«|||10,572|I.see|||||3Jlf6dwa|||t8.7N||| ||||||TJmod|W||13,616||||||7,5Dtl Uw|||IA220||706| |EdlnhwahVmmha
I YT|||||||||||||||||||| |Ip0 dlwry W|||||d,atltl Ww|||d,ia2||||||4,0Xdw||||(1 312)|| |JPMumwOLGCmuA
Nulth A
kwn Iw T I|t|Ltd|||Ioaed|||11,02l||||||16,fu!8d|||12,S75|(3851)|| |~p Dldhwf
4h ml
Bum
I
I
ITr|||||s,uaa 4haw|||14200||||||S,OOO ukwe|||f3,~60||(6M)| |26p Cmhw dw
M mwhl
TUPLC|||||11,0Xdu||w|1087~||||||11,anl dw|||10,7N||fw)| |mlt cnlhay dww|||||l,ima|||||||||4JK0|||9,lf26||| |||||||||E247,382|I IT 706|6|.|6||||6245||6 18868|| ||||||ESTATE CHARITY OPAUCF„DUCHESS DUDLEY|ESTATE CHARITY OPAUCF„DUCHESS DUDLEY|ESTATE CHARITY OPAUCF„DUCHESS DUDLEY|ESTATE CHARITY OPAUCF„DUCHESS DUDLEY|ESTATE CHARITY OPAUCF„DUCHESS DUDLEY|||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||SCHEDULE OFI HVMI TIBER TB||AT 30JUHE 1023|||||||||| |||||||(0ONTI NU ED)||||||||||| |PERMANENT
ENDOWMENT|||PUHD|Ho(OIUS st
30Ju|H»kat value
atsa Jun|0
Ih PI81||SaI»
I IYMf|PI
IW(I
one ~la||U)|H
Idfne
t
30J»|Mark»vah»
stsa Jlh»||BU pRIN
(daRNt) oh|| |||||20M|1013|||||||1023||1MS|h|UIUUE»l| |Ph~ Hastth Ploh»M||||||||||||||||| |12.Sp(hdtv dlluM||||le,SM snares|16,747|||||||IB,IMOa»h»||Itl 031||U,7hf)| |nnsraf»»
pfo
UBOEM ate»»||||6S4dl»||||10,070||( I,SSS||370abates||||1,M4| |M,nk,
Il»»ba»lt Dust||||||||||||||||| |6p OrEU»Y nha 88||||4,0M Bhnh||||||||4.coo nna ran||||2,000| |~ICL htreshuoba
Co.||||||||||||||||| |Ip OU0»UY ahh
Jp Moro!»Mant
25p Old lh
O sharla
Trtp» PT4gy EFF
10 Oldk»h/
~ I|T~
Inffh|||21,020 dl ~I
4,031dl»es
16,622d»»|37M7
14,M4
13853|||||||21 620sh»
4.031 elates
16202d»raa||20,MO
14.10S
10,322||(fl,177)
D, as1)| |Dunedin
Ino fhnth
I
280 OhlhhlY
Inn»|TN|||0SMU»h»|10MT|||||||SWsd»||19M3||| |»h»MC»afHffpc»||ODUCRSEFT||10NI4»»||||||||la shah»||||| |Neth Am»l»
n
I
TM
SPOtlehnfv
shah||||||||||||3200»||||(e82)| |M
dard UMPltv
EU|TNUdlRDN)|||||||||||||||| |2P One
7
hnl85||||||6,104||||||12S4shen»||||| ||||||2 210,027|E 15,075|E|Ifl,078|8|(1.004l|||E|190,004|2|(1521»)| |TOTALS|||||21,057 Mo|2 264 17S|2|112,703||f.102|||11,874303||f.|(12f!2173|