£iilo
WARWICK PROVIDENT DISPENSARY
FIf4ANCIAL STATEMENTS
31 DECEMBER 2021
##
##
##
##
|Charity Registration|Charity Registration|Number:|253987 (England &Wales)|253987 (England &Wales)|253987 (England &Wales)|253987 (England &Wales)|253987 (England &Wales)|
|---|---|---|---|---|---|---|---|
|Principal|Address of|Charity:|c/o Mr CERHoughton|||||
||||Moore &Tibbits|||||
||||34 High Street|||||
||||Warwick|||||
||||CV34 4BE|||||
|Clerk to the Charity:|||CER Houghton||Esq|||
||||Moore &Tibbits|||||
||||34 High Street|||||
||||Warwick|||||
||||CV34 4BE|||||
|Co-opted|Trustees||Mr DEHanson|—Chairman||||
||||Mrs TAtkins|||||
||||Mrs MHooper|||||
||||Mrs M Sutherland|||||
||||Dr A Thurley|||||
||||DrJHenderson|(resigned|||on 23rd March 2021)|
||||Mr SMorley (appointed||||on 25+ March 2021)|
|Nominative|Trustees||Councillor N Murphy|||||
||||Councillor
Martyn||Ashford|||
|Bankers:|||Lloyds Bank pic|||||
||||12Swan Street|||||
||||Warwick|||||
||||CV344BJ|||||
|Solicitors:|||Moore &Tibbits|||||
||||34High Street|||||
||||Warwick|||||
||||CV344BE|||||
|Independent|Examiner:||Steven Mugglestone|||BA|(Hons) FCA|
||||Michael Harwood||&|Co||
||||Chartered
Accountants|||||
||||Greville House|||||
||||10Jury Street|||||
||||Warwick|||||
||||CV34 4EW|||||
|Investment|Advisers||Brewin Dolphin|Limited||||
||||Woodstock Court|||||
||||Blenheim Road|||||
||||Marlborough,|||||
||||Wiltshire|||||
||||SN8 4AN|||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||Unrestricted|Endowment|2021|2020|
|---|---|---|---|---|---|---|---|
||||Notes|Funds|Funds|Total|Total|
|INCOME AND ENDOWMENTS from:||||||||
|Dividends
from investments||||25,322||25,322|24,205|
|Interest||||111||111|39|
|TOTAL INCOME AND ENDOWMENTS||||25,433||25,433|24,244|
|EXPENDITURE on:||||||||
|Raising funds||||||||
|Investment
management||fees|||6,092|6,092|5,286|
|Charitable
activities||||||||
|Grants awarded
and paid||||26,139||26,139|18,000|
|||||26,139|6,092|32,231|23,286|
|Other costs||||||||
|Clerk's fees||||2,543||2,543|2,424|
|Independent
Examiner's||fees||1,530||1,530|1,485|
|Accountancy||||510||510|495|
|Professional
fees|||||||3,023|
|Sundries||||66||66|25|
|||||4,649||4,649|7,452|
|Total expenditure||||30,788|6,092|36,880|30,738|
|NET (EXPENDITURE)||before gains/(losses)||(5,355)|(6,092)|(11,447)|(6,494)|
|Realised (losses)/gains
on sale offixed assets|||||8,339|8,339|(24,780)|
|NET INCOME||||(5,355)|2,247|(3,108)|(31,274)|
|Other recognised
gains|and losses|||||||
|Unrealised
gains on revaluation offixed assets||||3,305|89,329|92,634|51,905|
|NET MOVEMENT IN|FUNDS|||(2,050)|91,576|89,526|20,631|
|RECONCILIATIONS|OF FUNDS:|||||||
|TOTAL FUNDS BROUGHT FORWARD||||40,980|988,735|1,029,715|1,009,084|
|TOTAL FUNDS CARRIED FORWARD|||7/8|f38,930|f,1,080,311|K1,119,241|E,1,029,715|
##
##
|||Unrestricted|Endowment|2020|
|---|---|---|---|---|
||Notes|Funds|Funds|Total|
|INCOME AND ENDOWMENTS from:|||||
|Dividends
from investments
Interest||24,205
39||24,205
39|
|TOTAL INCOME AND ENDOWMENTS||24,244||24,244|
|EXPENDITURE on:|||||
|Raising funds|||||
|Investment
management
fees|||5,286|5,286|
|Charitable
activities|||||
|Grants awarded
and paid||18,000||18,000|
|||18,000|5,286|23,286|
|Other costs|||||
|Clerk's fees
Independent
Examiner's
fees
Accountancy
Professional
fees
Sundries||2,424
1,485
495
3,023
25||2,424
1,485
495
3,023
25|
|||7,452||7,452|
|Total expenditure||25,452|5,286|30,738|
|NET (EXPENDITURE) before gains/(losses)||(1,208)|(5,286)|(6,494)|
|Realised (losses)/gains
on sale offixed assets|||(24,780)|(24,780)|
|NET INCOME||(1,208)|(30,066)|(31,274)|
|Other recognised
gains and losses|||||
|Unrealised
gains on revaluation offixed assets||1,401|50,504|51,905|
|NET MOVEMENT IN FUNDS||193|20,438|20,631|
|RECONCILIATIONS OF FUNDS:|||||
|TOTAL FUNDS BROUGHT FORWARD||40,787|968,297|1,009,084|
|TOTAL FUNDS CARRIED FORWARD||K40,980|E988,735|K1,029,715|
##
||Notes||2021|2020|
|---|---|---|---|---|
|FIXEDASSETS|||||
|Tangible assets|||||
|Investments|||1,093,926|969,318|
|CURRENT ASSETS|||||
|Debtors, amounts
falling within one year||563||1,368|
|Lloyds Bank —Treasurers
Account||5,993||10,364|
|COIF Deposit Account||10,353||10,352|
|Brewin Dolphin
Capital Account||12,989||42,717|
|TOTAL CURRENT ASSETS||29,898||64,801|
|CREDITORS:|||||
|Amounts
falling due within one year||(4,583)||(4,404)|
|CURRENT ASSETSLESSCURRENT|||25,315|60,397|
|LIABILITIES|||||
|TOTAL ASSETSLESSCURRENT|||1,119,241|1,029,715|
|LIABILITIES|||||
|NET ASSETS|||E1,119,241|X1,029,715|
|THE FUNDS OF THE CHARITY|||||
|Restricted funds|||||
|Permanent
Endowment|7/8||1,080,311|988,735|
|Unrestricted
funds|||||
|General funds|7/8||38,930|40,980|
|TOTAL CHARITY FUNDS|||$1,119,241|$1,029,715|
##
##
##
##
##
##
##
##
##
##
|||||||
|---|---|---|---|---|---|
|GRANTS||||2021|2020|
|During the year the trustees made the following|||grants:|||
|WNAA||||5,000|3,000|
|Myton Hospice||||5,000|5,000|
|The Graham
Fulford Charitable||Trust||750|2,500|
|Citizens Advice Bureau|||||2,000|
|Springfield
MIND||||5,000|2,500|
|Warwick Ambulance
Association||||2,000|1,500|
|Warwickshire
Vision Support||||250||
|MacMillan
Cancer|Support|||1,500|1,500|
|Armonico
Consort|||||1,000|
|Grant not claimed|—SW Heart||||(1,000)|
|Parenting Project||||3„000||
|Woodloes Primary|School|||504||
|Individuals||||3,135||
|||||f26,139|f18,000|
|years starting from July 2020.The terms ofthe agreement
are subje
Charity ofThomas Oken &Nicholas Eyffler,|years starting from July 2020.The terms ofthe agreement
are subje
Charity ofThomas Oken &Nicholas Eyffler,|years starting from July 2020.The terms ofthe agreement
are subje
Charity ofThomas Oken &Nicholas Eyffler,|years starting from July 2020.The terms ofthe agreement
are subje
Charity ofThomas Oken &Nicholas Eyffler,|ct to annual review by the|Trustees ofThe|
|---|---|---|---|---|---|
|FIXEDASSETINVESTMENTS||||2021|2020|
|Market value|1 January 2021|||969,318|983,046|
|Acquisitions|at cost:|||||
|Share Portfolio Purchases||||178,059|256,495|
|Disposals of|Investments|||(154,424)|(297,348)|
|Net gains on|revaluation|at|31December 2021|100,973|27,125|
|Market value|31December||2021|K1,093,926|K969,318|
|Investments
comprise:||||||
|||||Market|Market|
|||||Value at|Value at|
|||||31.12.20|31.12.20|
|10,509(2016|—10,509)COIF Charity Fund Income Shares|||216,136|189,285|
|Brewin Dolphin
Investment|||Portfolio|877,790|780,033|
|||||E1,093,926|$969,318|
##
##
|5.|DEBTORS|DEBTORS||2021|2020|
|---|---|---|---|---|---|
||Amounts|falling due within one year:||||
||Dividend|income receivable||563|1,368|
|||||1:563|X1,368|
|6.|CREDITORS|||2021|2020|
||Amounts|falling due within one year:||||
||Professional
fees|||4,583|4,404|
|||||X4,583|Z4,404|
|7.|FUNDS||Permanent|||
||||Endowment|General||
||||Fund|Fund|Total|
||Balance at|1 January 2021|988,735|40,980|1,029,715|
||Income in|year||25,433|25,433|
||Unrealised|gains|89,329|3,305|92,634|
||Realised gains||8,339||8,339|
||Expenditure|in year|(6,092)|(30,788)|(36,880)|
||Balance at|31December 2021|E1,080,311|f38,930|K1,119,241|
||||Permanent|||
||||Endowment|General||
||||Fundf|Fund|Total|
||Balance at|1 January 2020|968,297|40,787|1,009,084|
||Income in year|||24,244|24,244|
||Unrealised|losses|50,504|1,401|51,905|
||Realised gains||(24,780)||(24,780)|
||Expenditure|in year|(5,286)|(25,452)|(30,738)|
||Balance at 31December 2020||$988,735|$40,980|X1,029,715|
|.|ANALYSIS OF NET ASSETSBETWEEN FUNDS|||||
||||Permanent|||
||||Endowment|General||
||||Fund|Fund|Total|
||||2021|2021|2021|
||Fixed assets||1,067,322|26,604|1,093,926|
||Cash and current investments||12,989||29,335|
||Other current|assets/liabilities||(4,020)|(4,020)|
||||K1,080,311|E38,930|X1,119,241|
##
##
##
##
|||Permanent|||
|---|---|---|---|---|
|||Endowment|General||
|||Fund|Fund|Total|
|||2020|2020|2020|
|Fixed|assets|946,018|23,300|969,318|
|Cash|and current investments|42,717|22,084|64,801|
|Other|current assets/liabilities||(4,404)|(4,404)|
|||f988,735|$40,980|K1,029,715|
##
##
##
##
##
##
##
##
|This shows th|e|activities|ofthe charity
in the|year and can be summ|arised
as follows|
|---|---|---|---|---|---|
|||||2021|2020|
|||||F||
|Income||||25,433|24,244|
|Expenditure:||||||
|Investment
management|||fees|(6,092)|(5,286)|
|Grants awarded||and paid||(26,139)|(18,000)|
|Other costs||||(4,649)|(7,452)|
|Net expenditure||before gains/losses||(11,447)|(6,494)|
|Realised gains|on sale of||fixed assets|8,339|(24,780)|
|Net Income||||(3,108)|(31,274)|
|Unrealised
gains on Investments||||92,634|51,905|
|Net movement|in funds|||89,526|20,631|
##