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2022-12-31-accounts

Page
Company Information
Trustees' Report 2 to 4
Report of the Auditors 5to7
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements 10to 16
REGISTERED NUIIIIBER: 00349309
DIRECTORS: R.G. Smith F.R I.C.S.(Chairman)
D.J.Evans F.C.A.
M J Harris M.BE., J P., M.A.
E.J.Curtis F.C.I.B.
V. Kershaw
D. Mason
R. Davies (Appointed 15March 2022)
SECRETARY: Mrs. S.A. Hanrahan
REGISTERED OFFICE: General Charities Office
Old Bablake
Hill Street
Coventry
CV1 4AN
CHARITY NUMBER: 246570
AUDITORS: Daffems
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
&Co.
1 The Quadrant
Coventry
CV1 2DW

for the year ended 31 Decem
ber 2022
Unrestricted Endowment Restricted 2022 2021
Fund Fund Fund Total Total
Note E 8 E 6 f
INCOME
Income from Charitable Activities:
Contributions
from residents		 67,999 67,999 60,848
Income from Investments
Investment
income		 14,977 9,985 24,962 28,552
Other Income
Insurance
Claim		 7,150
Miscellaneous
income		 5,215 5,215 467
Donation
from The General Charity		 27,386 27,386
Total Income 115,577 9,985 125,562 97,017
EXPENDITURE
Expenditure
on Raising		 Funds
Investment
management		 costs 1,388
Expenditure
on Charitable		 activities
Accommodation
costs		 78,382 78,382 76,536
Administration
costs		 5,063 5,063 5,011
Total Expenditure 83,445 83,445 82,935
Net income/(expenditure) before
gains and losses on investments 32,132 9,985 42,117 14,082
Net gains/(losses)
on investment		 assets 8 (42,529) (28,829) (71,358) 83,328
Net income/(expenditure) before transfers (10,397) (18,844) (29,241) 97,410
Gross transfers
between		 funds 11 (99,044) 99,044
Net income/(expenditure) being
Net movement
in funds		 (109,441) 99,044 (18,844) (29,241) 97,410
Reconciliation
offunds:
Total Funds brought
forward		 544,630 284,572 394,241 1,223,443 1,126,033
Total Funds carried forward 13 435,189 383,616 375,397 1,194,202 1,223,443

2022 2021
Notes 6 E
FIXEDASSETS
Tangible 383,616 284,572
Investments 745,684 942,600
Total fixed assets 1,129,300 1,227,172
CURRENT ASSETS
Prepayments
and accrued income		 2,029 1,180
Cash at bank and
in		 hand 69,895 65,667
Total current assets 71,924 66,847
CREDITORS: Amounts falling due
within one year:
Accruals (7,022) (70,576)
NET CURRENT ASSETSI(LIABILITIES) 64,902 (3,729)
NET ASSETS 1,194,202 1,223,443
Represented
by:
THE FUNDS OF THE CHARITY:
Expendable
endowment		 fund 10 383,616 284,572
Restricted funds 12 375,397 394,241
Unrestricted
income		 funds: 11
Accumulated
Income		 Fund 150,155 153,679
Designated
Funds		 285034 390951
Total Unrestricted Funds 435,189 544,630
TOTAL FUNDS 13 1,194,202 1,223,443

ACCOMMODATION COSTS COSTS COSTS 2022f 2021
E
Water rates and council tax 3,481 7,184
Insurance 2,008 1,895
I ight and heat 26,359 14,842
Cleaning,
cleaning		 materials and garden expenses 10,724 10,185
Repairs 18,861 29,212
Depreciation
-leased assets		 8,449 4,676
Support costs - Coventry General Charity 8,500 8,542
78,382 76,536
ADMINISTRATION ADMINISTRATION COSTS COSTS 2022
E		 2021f
Bank charges 43 43
Audit fee 1,760 1,730
Accountancy 1,760 1,730
Sundries
Support Costs —Coventry General Charity 1,500 1,508
5,063 5,011

FIXEDASSETS Long term
leasehold
land &
For direct charitable purposes buildinct
E
COST
At 1 January
2022		 450,593
Additions 107,493
At 31 December 2022 558,086
DEPRECIATION
At 1 January 2022 166,021
Charge for year 8,449
At 31 December 2022 174,470
WRITTEN DOWN VALUE
31 December 2022 383,616
31 December 2021 284,572

FIXEDASSET INVESTMENTS FIXEDASSET INVESTMENTS FIXEDASSET INVESTMENTS 2022f 2021f
Quoted investments
Market value
1 January 2022		 942,600 831,135
Additions
in year		 144,164 151,083
Disposals (269,722) (122,946)
Gains (71,358) 83,328
Market value 31 December 2022 745,684 942,600
Quoted investments comprise:-
British Government stocks 46,362 60,127
Other UK Fixed Interest 30,401 36,390
Overseas
Fixed Interest		 33,787 42,229
Equity Investment Instruments 189,016 260,228
Global Equities 337,265 404,960
Other Assets 73,787 98,630
Unit Trusts 35,066 40,036
745,684 942,600
Quoted
investments		 representing 5%ofthe portfolio are. - Market Value
4.25% UK Government
stock		 2027 46,242
HSBC ETFSSP500 UCITS ETF 75,540
9. CASH AT BANK AND IN HAND 2022 2021
E
Bank current account 20,394 11,771
Petty cash 376 290
Cash held by investment managers 49,125 53,606
69,895 65,667

Analysis o fmovements in unrestricted funds —current year
Balance Income, Expenditure, Balance
1 January transfers transfers 31 December
2022 ~and
ains		 and losses 2022
6
Accumulated income 153,679 107,128 (110,652) 150,155
Designated fund - Rebuilding fund 390,951 8,449 (114,366) 285,034
544,630 115,577 (225,018) 435,189
Analysis ofmovements in unrestricted funds —previous year
Balance Income, Expenditure, Balance
1 January transfers transfers 31 December
2021f and cnains 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
 ofnet assets between funds —current year
Tangible Net
fixed current
assets
f		 Investments assets
6		 Total
Endowment fund 383,616 383,616
Restricted fund 298,226 77,171 375,397
Unrestricted funds:
Accumulated
income		 78,430 71,725 150,155
Designated
fund		 369,028 (83,994) 285,034
383,616 745,684 (37,516) 1,194,202
Analysis
ofnet assets between		 funds - previous year
Tangible Net
fixed current
assets
E		 Investments assets
f		 Totalf
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

Total future
minimum
lease receivables
under non-		 cancellable
operating
lease are as follows:
2022 2021
Land and buildings:
Within one year 6,544 5,584