2020-12-31-accounts

		Page
Company	Information
Trustees'	Report	2to4
Report of	the Auditors	5to7
Statement	of Financial Activities 2020
Statement	of Financial Activities 2019
Balance Sheet		10
Notes tothe Financial Statements		11to 16

REGISTERED NUMBER:	00349309
DIRECTORS:	R.G. Smith F.R.I.C.S.(Chairman)
	D.J.Evans F.C.A.
	M.J.Harris M.B.E.,J.P., M.A.
	E.J.Curtis F.C.I.B.
	V. Kershaw
	D. Mason
SECRETARY:	Mrs. S.A. Hanrahan
REGISTERED OFFICE:	General Charities	Office
	Old Bablake
	Hill Street
	Coventry
	CV1 4AN
CHARITY NUMBER:	246570
AUDITORS:	Dafferns LLP
	Chartered Accountants
	Statutory Auditors
	One Eastwood
	Harry Weston Road
	Binley Business Park
	Coventry
	CV32UB
INVESTMENT BROKERS:	Quilter Cheviot
	Provincial House
	37 New Walk
	Leicester
	LE1 6TU
SOLICITORS:	Mander Hadley 8 Co.
	1 The Quadrant
	Coventry
	CV1 2DW

			for	the year	ended 31Decem	ber 2020
					Unrestricted	Endowment	Restricted	2020	2019
					Fund	Fund	Fund	Total	Total
				Note	E				F
INCOME
Income from charitable	activities:
Contributions from residents					70,967			70,967	71,793
Income from Investments
Investment income					13,583		9,201	22,784	29,158
Total Income					84,550		9,201	93,751	100,951
EXPENDITURE
Expenditure on Raising	Funds
Investment management		costs			738		493	1,231	1,210
Expenditure on Charitable		activities
Accommodation costs					59,945			59,945	74,899
Administration costs					5,438			5,438	6,060
Total Expenditure					66,121		493	66,614	82,169
Net income/(expenditure)		before
gains and losses on investments					18,429		8,708	27,137	18,782
Net gains/(losses) on investment			assets	7	(19,809)		(13,423)	(33,232)	76,515
Net income/(expenditure)		before transfers			(1,380)		(4,715)	(6,095)	95,297
Gross transfers between	funds				4,676	(4,676)
Net income/(expenditure)		being
Net. movement. in funds					3,296	(4,676)	(4,715)	(6,095)	95,297
Reconciliation offunds:
Total Funds brought forward					544,015	233,796	354,317	1,132,128	1,036,831
Total Funds carried forward					547,311	229,120	349,602	1,126,033	1,132,128

			for	the year ended	31December 2019
					Unrestricted	Endowment	Restricted	2019
					Fund	Fund	Fund	Total
				Note		f.	F	F
INCOME
Income from Investments
Investment income					18,326		10,832	29,158
Donations and legacies
Voluntary income: grant from
FJ Mills
Income from charitable	activities:
Contributions from residents					71,793			71,793
Total Income					90,119		10,832	100,951
EXPENDITURE
Expenditure on Raising	Funds
Investment management		costs			790		420	1,210
Expenditure on Charitable		activities
Accommodation costs					74,899			74,899
Governance costs					6,060			6,060
Total Expenditure					81,749		420	82,169
Net income/(expenditure)		before
gains and losses on investments					8,370		10,412	18,782
Net gains/(losses) on investment			assets	7	45,615		30,900	76,515
Net income/(expenditure)		before transfers			53,985		41,312	95,297
Gross transfers between	funds				4,676	(4,676)
Net income/(expenditure)		being
Net movement in funds					58,661	(4,676)	41,312	95,297
Reconciliation offunds:
Total Funds brought forward					485,354	238,472	313,005 1,036,831
Total Funds carried forward					544,015	233,796	354,317 1,132,128

					2020		2019
			Notes
FIXEDASSETS
Tangible					229,120		233,796
Investments					831,135		832,352
Total fixed assets					1,060,255		1,066,148
CURRENT ASSETS
Prepayments and accrued income				1,736		1,669
Cash at bank and in	hand			101,362		97,626
Total current assets				103,098		99,295
CREDITORS: Amounts		falling due
within one year:
Accruals				(37,320)		(33,315)
NET CURRENT ASSETS					65,778		65,980
NET ASSETS					1,126,033		1,132,128
Represented by:
THE FUNDS OF THE CHARITY:
Expendable endowment		fund	9		229,120		233,796
Restricted funds			11		349,602		354,317
Unrestricted income	funds:		10
Accumulated Income		Fund		100,908		102,288
Designated Funds				446403		441 727
Total Unrestricted	Funds				547,311		544,015
TOTAL FUNDS					1,126,033		1,132,128

INVESTMENT INCOME			2020	2019
Dividends and interest			22,784	29,158
ACCOMMODATION COSTS			2020	2019
			E
Water rates and council	tax		4,0"I0	4,858
Insurance			1,840	1,826
Light and heat			12,286	12,347
Cleaning, cleaning materials		and garden expenses	9,257	9,865
Repairs			19,376	32,827
Depreciation —leased assets			4,676	4,676
Support costs - Coventry	General Charity		8,500	8,500
			59,945	74,899

	for the	for the	year ended 31 Dece	mber 2020
ADMINISTRATION	COSTS			2020	2019
				E	F
Bank charges				30	30
Audit fee				1,680	1,800
Accountancy				1,680	1,800
Sundries				548	930
Support Costs —Coventry		General	Charity	1,500	1,500
				5,438	6,060

No member ofthe Council ofTrustees received any remuneration	No member ofthe Council ofTrustees received any remuneration	or reimbursement	ofexpenses	during
the year (2019:anil).
FIXEDASSETS			Long term
			leasehold land &
For direct charitable	purposes		~buildin
			F
COST
At 1 January 2020 and at 31 December 2020			390,465
DEPRECIATION
At 1 January 2020			156,669
Charge for year			4,676
At 31 December 2020			161,345
WRITTEN DOWN VALUE
31 December 2020			229,120
31 December 2019			233,796

FIXEDASSET INVESTMENTS	FIXEDASSET INVESTMENTS	FIXEDASSET INVESTMENTS		2020	2019
				E	E
Quoted investments
Market value 1 January 2020				832,352	677,410
Additions in year				166,893	365,658
Disposals				(134,878)	(287,231)
Gains				(33,232)	76,515
Market value 31 December 2020				831,135	832,352
Quoted investments	comprise:-
British Government	stocks			64,836	63,994
Other UK Fixed Interest				47,873	60,987
Overseas Fixed Interest				43,416	9,361
Equity Investment	Instruments			249,190	295,674
Global Equities				312,775	298,824
Other Assets				66,622	54,522
Unit Trusts				46,423	48,990
				831,135	832,352
Quoted investments	representing		5%ofthe portfolio are:-		Market Value
4.25% UK Government stock 2027					64,837
BNY Mellon —US Equity					42,794
HSBC ETFSSP500 UCITS ETF					60,131
CASH AT BANK AND IN HAND				2020	2019
				F
Bank current	account			8,170	15,203
Cash held by	investment	managers		93,192	82,423
				101,362	97,626

UNRESTRICTED FUNDS	UNRESTRICTED FUNDS			Incoming
			Balance	resources	Expenditure,	Balance
			1 January	transfers	transfers	31 December
			2020	~and aina	and losses	2020
Accumulated	income		102,288	84,550	(85,930)	100,908
Designated	fund - Rebuilding	fund	441,727	4,676		446,403
			544,015	89,226	(85,930)	547,311

ANALYSIS	O	F NET ASSETS B	ETWEEN FUNDS
			Tangible		Net
			fixed		current
			assets	Investments	assets	Total
			E		P
Endowment	fund		229,120			229,120
Restricted	fund			335,706	13,896	349,602
Unrestricted	funds:
Accumulated		income		80,024	20,884	100,908
Designated		fund		415,405	30,998	446,403
			229,120	831,135	65,778	1,126,033

Total	future minimum lease receivables under non-	cancellable operating lease are as follows:
		2020	2019
Land	and buildings:
Within	one year	6,049	6,049