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||Page|
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|Company
Information||
|Trustees'
Report|2to4|
|Report ofthe Auditors|5to 7|
|Statement of Financial Activities||
|Balance Sheet||
|Notes to the Financial Statements|10to 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||
||CV14AN||
|CHARITY NUMBER:|246570||
|AUDITORS:|Dafferns LLP||
||Chartered
Accountants||
||Statutory
Auditors||
||One Eastwood||
||Harry Weston Road||
||Binley Business Park||
||Coventry||
||CV3 2UB||
|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 2021||||
|---|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Endowment|Restricted|2021|2020|
||||||Fund|Fund|Fund|Total|Total|
|||||Note|F||||E|
|INCOME||||||||||
|Income from Charitable|Activities:|||||||||
|Contributions
from residents|||||60,848|||60,848|70,967|
|Income from Investments||||||||||
|Investment
income|||||17,017||11,535|28,552|22,784|
|Other Income||||||||||
|Insurance
Claim|||||7,150|||7,150||
|Miscellaneous
income|||||467|||467||
|Total Income|||||85,482||11,535|97,017|93,751|
|EXPENDITURE||||||||||
|Expenditure
on Raising|Funds|||||||||
|Investment
management||costs|||827||561|1,388|1,231|
|Expenditure
on Charitable||activities||||||||
|Accommodation
costs|||||76,536|||76,536|59,945|
|Administration
costs|||||5,011|||5,011|5,438|
|Total Expenditure|||||82,374||561|82,935|66,614|
|Net income/(expenditure)||before||||||||
|gains and losses on investments|||||3,108||10,974|14,082|27,137|
|Net gains/(losses)
on investment|||assets|8|49,663||33,665|83,328|(33,232)|
|Net income/(expenditure)||before transfers|||52,771||44,639|97,410|(6,095)|
|Gross transfers
between|funds|||11|(55,452)|55,452||||
|Net income/(expenditure)||being||||||||
|Net movement
in funds|||||(2,681)|55,452|44,639|97,410|(6,095)|
|Reconciliation
offunds:||||||||||
|Total Funds brought
forward|||||547,311|229,120|349,602|1,126,033|1,132,128|
|Total Funds carried forward|||||544,630|284,572|394,241|1,223,443|1,126,033|
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|||||2021||2020|
|---|---|---|---|---|---|---|
||||Notes||||
|FIXEDASSETS|||||||
|Tangible||||284,572||229,120|
|Investments||||942,600||831,135|
|Total fixed assets||||1,227,172||1,060,255|
|CURRENT ASSETS|||||||
|Prepayments
and accrued income||||1,180|1,736||
|Cash at bank and
in|hand|||65,667|101,362||
|Total current assets||||66,847|103,098||
|CREDITORS: Amounts||falling due|||||
|within one year:|||||||
|Accruals||||(70,576)|(37,320)||
|NET CURRENT ASSETSI(LIABILITIES)||||(3,729)||65,778|
|NET ASSETS||||1,223,443||1,126,033|
|Represented
by:|||||||
|THE FUNDS OFTHE CHARITY:|||||||
|Expendable
endowment||fund|10|284,572||229,120|
|Restricted funds|||12|394,241||349,602|
|Unrestricted
income|funds:||11||||
|Accumulated
Income||Fund||153,679|100,908||
|Designated
Funds||||390951|445403||
|Total Unrestricted|Funds|||544,630||547,311|
|TOTAL FUNDS|||13|1,223,443||1,126,033|
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|ACCOMMODATION|COSTS|COSTS|COSTS||2021|2020|
|---|---|---|---|---|---|---|
||||||F|F|
|Water rates and council||tax|||7,184|4,010|
|Insurance|||||1,895|1,840|
|Light and heat|||||14,842|12,286|
|Cleaning,
cleaning|materials||and|garden expenses|10,185|9,257|
|Repairs|||||29,212|19,376|
|Depreciation - leased assets|||||4,676|4,676|
|Support costs - Coventry||General||Charity|8,542|8,500|
||||||76,536|59,945|
|ADIIINISTRATION|COSTS|COSTS||2021|2020|
|---|---|---|---|---|---|
||||||F|
|Bank charges||||43|30|
|Audit fee||||1,730|1,680|
|Accountancy||||1,730|1,680|
|Sundries|||||548|
|Support Costs - Coventry||General|Charity|1,508|1,500|
|||||5,011|5,438|
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|---|---|---|
|FIXEDASSETS||Long term|
|||leasehold
land &|
|For direct charitable|purposes|~buildin|
|COST|||
|At 1 January 2021||390,465|
|Additions||60,128|
|At 31 December 2021||450,593|
|DEPRECIATION|||
|At 1 January 2021||161,345|
|Charge for year||4,676|
|At 31 December 2021||166,021|
|WRITTEN DOWN VALUE|||
|31 December 2021||284,572|
|31 December 2020||229,120|
##
|FIXEDASSET INVESTMENTS|FIXEDASSET INVESTMENTS|FIXEDASSET INVESTMENTS||2021
f.|2020f|
|---|---|---|---|---|---|
|Quoted investments||||||
|Market value
1 January 2021||||831,135|832,352|
|Additions
in year||||151,083|166,893|
|Disposals||||(122,946)|(134,878)|
|Gains||||83,328|(33,232)|
|Market value 31 December 2021||||942,600|831,135|
|Quoted investments|comprise:-|||||
|British Government|stocks|||60,127|64,836|
|Other UK Fixed Interest||||36,390|47,873|
|Overseas
Fixed Interest||||42,229|43,416|
|Equity Investment|Instruments|||260,228|249,190|
|Global Equities||||404,960|312,775|
|Other Assets||||98,630|66,622|
|Unit Trusts||||40,036|46,423|
|||||942,600|831,135|
|Quoted investments|representing||5%ofthe portfolio are:-||Market Value|
|4.25% UK Government
stock 2027|||||60,127|
|BNY Mellon —US Equity|||||55,562|
|HSBC ETFSSP500 UCITS ETF|||||77,852|
|CASH AT BANK AND IN HAND||||2021|2020|
|||||F||
|Bank current|account|||11,771|8,170|
|Petty cash||||290||
|Cash held by|investment|managers||53,606|93,192|
|||||65,667|101,362|
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|Analysis o|fmo|vements|in|unrestricted|funds —current|year|||
|---|---|---|---|---|---|---|---|---|
||||||Balance|Income,|Expenditure,|Balance|
||||||1 January|transfers|transfers|31 December|
||||||2021|~and
sins|and losses|2021|
|||||||||f.|
|Accumulated|income||||100,908|135,145|(82,374)|153,679|
|Designated|fund|—Rebuilding||fund|446,403|4,676|(60,128)|390,951|
||||||547,311|139,821|(142,502)|544,630|
|Analysis ofmovements|||in|unrestricted|funds —previous|year|||
||||||Balance|Income,|Expenditure,|Balance|
||||||1 January|transfers|transfers|31 December|
||||||2020|~and
sins|and losses|2020|
||||||E||||
|Accumulated|income||||102,288|84,550|(85,930)|100,908|
|Designated|fund|- Rebuilding||fund|441,727|4,676||446,403|
||||||544,015|89,226|(142,502)|547,311|
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|Analysis|of|net assets between|funds —current year||||
|---|---|---|---|---|---|---|
||||Tangible||Net||
||||fixed||current||
||||assets|Investments|assets|Total|
||||||F|F|
|Endowment|fund||284,572|||284,572|
|Restricted|fund|||379,728|14,513|394,241|
|Unrestricted|funds:||||||
|Accumulated||income||92,993|60,686|153,679|
|Designated||fund||469,879|(78,928)|390,951|
||||284,572|942,600|(3,729)|1,223,443|
|Analysis|of|net assets between|funds - previous yea|r|||
|---|---|---|---|---|---|---|
||||Tangible||Net||
||||fixed||current||
||||assets|Investments|assets|Total|
||||||F|F|
|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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