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|||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|
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|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||
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||||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|
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||||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||
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||||||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|
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|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|
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|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||
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|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|
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|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|
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|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|
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|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|
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