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|---|---|---|
|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|||
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||||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|
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||||||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|
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|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|
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|---|---|---|
|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|
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||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|
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|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|
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|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|
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|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|
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