WARMCK PROVIDENT DJSPENSARY FINANCIAL STATEMENTS 3] DECEMBER2022
| Charity Registration | Charity Registration | Number: | 253987(England 4 Wales) | 253987(England 4 Wales) |
|---|---|---|---|---|
| Principal | Address of | Charity: | c/o Mr CERHoughton | |
| Moore 8cTibbits | ||||
| 34 High Street | ||||
| Warwick | ||||
| CV34 4BE | ||||
| Clerk to the Charity: | CERHoughton Moore k Tibbits |
Esq | ||
| 34 High Street | ||||
| Warwick | ||||
| CV34 4BE | ||||
| Co-opted | Trustees | Mr DEHanson —Chairman | ||
| Mrs TAtkins | ||||
| Mrs M Hooper | ||||
| Mrs M Sutherland | ||||
| Dr A Thurley | ||||
| Mr SMorley | ||||
| Nominative | Trustees | Councillor Martyn |
Ashford | |
| Councillor Neale | Murphy | |||
| Councillor Mini Mangat | ||||
| Bankers: | Lloyds Bank pic | |||
| 12 Swan Street | ||||
| Warwick | ||||
| CV344BJ | ||||
| Solicitors: | Moore BcTibbits | |||
| 34 High 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 | 2022 | 2021 | |||||
|---|---|---|---|---|---|---|---|---|
| Notes | Funds | Funds | Total | Total | ||||
| INCOME AND ENDOWMENTS from: | ||||||||
| Dividends from investments |
22,277 | 22,277 | 25,322 | |||||
| Rental income | 15,657 | 15,657 | ||||||
| Interest | 160 | 160 | ||||||
| TOTAL INCOME AND ENDOWMENTS | 38,094 | 38,094 | 25,433 | |||||
| EXPENDITURE on: | ||||||||
| Raising funds | ||||||||
| Investment management |
fees | 5,431 | 5,431 | 6,092 | ||||
| Charitable activities |
||||||||
| Grants awarded and paid |
13,760 | 13,760 | 26,139 | |||||
| 13,760 | 5,431 | 19,191 | 32,231 | |||||
| Other costs | ||||||||
| Clerk's fees | 3,809 | 3,809 | 2,543 | |||||
| Independent Examiner*s |
fees | 1,607 | 1,607 | 1,530 | ||||
| Accountancy | 535 | 535 | 510 | |||||
| Professional fees |
1,310 | 1,310 | ||||||
| Sundries | 250 | 250 | 66 | |||||
| 7,511 | 7,511 | 4,649 | ||||||
| Total expenditure | 21,271 | 5,431 | 26,702 | 36,880 | ||||
| NET (EXPENDITURE) | before transfer and gains/(losses) | 16,823 | (5,431) | 11,392 | (11,447) | |||
| Transfer between funds |
(808) | 808 | ||||||
| NET SURPLUS/(DEFICIT) before gains/(losses) | 16,015 | (4,623) | 11,392 | (11,447) | ||||
| Realised (losses)/gains on sale offixed |
assets | (1,905) | (31,993) | (33,898) | 8,339 | |||
| NET INCOME | 14,110 | (36,616) | (22,506) | (3,108) | ||||
| Other recognised gains |
and losses | |||||||
| Unrealised (losses)/gains |
on revaluation | offixed assets | (1,531) | (79,185) | (80,716) | 92,634 | ||
| NET MOVEMENT IN | FUNDS | 12,579 | (115,801) | (103,222) | 89,526 | |||
| RECONCILIATIONS | OFFUNDS: | |||||||
| TOTAL FUNDS BROUGHT FORWARD | 38,930 | 1,080,311 | 1,119,241 | 1,029,715 | ||||
| TOTAL FUNDS CARRIED FORWARD | 7/8 | $51,509 | f964,510 | X,1,016,019 | 11,119,241 |
| STATEMENT OF | FINANCIAL ACTIVITIES | ||||
|---|---|---|---|---|---|
| For the year ended | 31December 2021 | ||||
| Unrestricted | Endowment | 2021 | |||
| Notes | Funds | Funds | Total | ||
| INCOME AND ENDOWMENTS from: | |||||
| Dividends from investments |
25,322 | 25„322 | |||
| Interest | 111 | 111 | |||
| TOTAL INCOME AND ENDOWMENTS | 25,433 | 25,433 | |||
| EXPENDITURE on: | |||||
| Raising funds | |||||
| Investment management |
fees | 6,092 | 6,092 | ||
| Charitable activities |
|||||
| Grants awarded and paid |
26,139 | 26,139 | |||
| 26,139 | 6,092 | 32,231 | |||
| Other costs | |||||
| Clerk's fees | 2,543 | 2,543 | |||
| Independent Examiner's |
fees | 1,530 | 1,530 | ||
| Accountancy | 510 | 510 | |||
| Professional fees |
|||||
| Sundries | 66 | 66 | |||
| 4,649 | 4,649 | ||||
| Total expenditure | 30,788 | 6,092 | 36,880 | ||
| NET (EXPENDITURE) before gains/(losses) | (5,355) | (6,092) | (11,447) | ||
| Realised (losses)/gains | on sale offixed assets | 8,339 | 8,339 | ||
| NET INCOME | (5,355) | 2,247 | (3,108) | ||
| Other recognised gains and losses |
|||||
| Unrealised gains on revaluation offixed assets |
3,305 | 89,329 | 92,634 | ||
| NET MOVEMENT IN FUNDS | (2,050) | 91,576 | 89,526 | ||
| RECONCILIATIONS | OF FUNDS: | ||||
| TOTAL FUNDS BROUGHT FORWARD | 40,980 | 988,735 | 1,029,715 | ||
| TOTAL FUNDS CARRIED FORWARD | 7/8 | K38,930 | $1,080,311 | X1,119,241 |
| Notes | 2022 | 2021 | ||
|---|---|---|---|---|
| FIXEDASSETS | ||||
| Investments | 4a | 622,332 | ||
| Investment property |
4b | 330,000 | ||
| 952,332 | 1,093,926 | |||
| CURRENT ASSETS | ||||
| Debtors, amounts falling within one year |
1,051 | 563 | ||
| Lloyds Bank —Treasurers Account |
20,608 | 5,993 | ||
| COIF Deposit Account | 20,513 | 10,353 | ||
| Brewin Dolphin Capital Account |
33,230 | 12,989 | ||
| TOTAL CURRENT ASSETS | 75,402 | 29,898 | ||
| CREDITORS: | ||||
| Amounts falling due within one year |
(11,715) | (4,583) | ||
| CURRENT ASSETSLESSCURRENT LIABILITIES | 63,687 | 25,315 | ||
| TOTAL ASSETSLESSCURRENT LIABILITIES | 1,016,019 | 1,119,241 | ||
| NET ASSETS | K1,016,019 | f.1,119,241 | ||
| THE FUNDS OFTHE CHARITY | ||||
| Restricted funds |
||||
| Permanent Endowment |
7/8 | 964,510 | 1,080„311 | |
| Unrestricted funds |
||||
| General fund | 7/8 | 30,457 | 38,930 | |
| Property Repair fund | 7/8 | 21,052 | ||
| 51,509 | 38,930 | |||
| TOTAL CHARITY FUNDS | E1,016,019 | f.1,119,241 |
| DIVIDENDS AND | INVESTM | ENTS | 2022 | 2021 | ||
| Portfolio dividends | 19,276 | 19,765 | ||||
| COIF dividend | 3,001 | 5,557 | ||||
| $22,277 | f.25,322 | |||||
| GRANTS | 2022 | 2021 | ||||
| During the year the | trustees made the following | grants: | ||||
| WNAA | 2,500 | 5,000 | ||||
| Myton Hospice | 5,000 | 5,000 | ||||
| The Graham Fulford | Charitable | Trust | 750 | |||
| Springfield MIND |
5,000 | 5,000 | ||||
| Warwick Ambulance | Association | 2,000 | ||||
| Warwickshire Vision |
Support | 250 | ||||
| MacMillan Cancer |
Support | 1,500 | ||||
| Armonico Consort |
1,000 | |||||
| Parenting Project | 3,000 | |||||
| Woodloes Primary | School | 504 | ||||
| Individuals | 260 | 3,135 | ||||
| X13,760 | f26,139 |
| 4 | a) | FIXEDASSETINVESTMENTS | FIXEDASSETINVESTMENTS | FIXEDASSETINVESTMENTS | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Market value 1 lanuary |
2022 | 1,093,926 | 969,318 | |||
| Acquisitions at cost: |
||||||
| Share Portfolio Purchases | 107,483 | 178,059 | ||||
| Disposals ofInvestments | (464,463) | (154,424) | ||||
| Net losses on revaluation | at | 31December 2022 | (114,614) | 100,973 | ||
| Market value 31December | 2022 | f622,332 | K1,093,926 | |||
| Investments comprise: |
||||||
| Market | Market | |||||
| Value at | Value at | |||||
| 31.12.22 | 31.12.21 | |||||
| 1,158(2021 —10,509)COIF Charity Fund Income Shares | 21,052 | 216,136 | ||||
| Brewin Dolphin Investment | Portfolio | 601,280 | 877,790 | |||
| f622,332 | K1,093,926 |
| Inv | estment Property: 13Swan Street |
||
|---|---|---|---|
| 2022 | 2021 | ||
| At | cost | 330,000 | fNIL |
| At | 31December 2022 | 330,000 |
| DEBTORS | DEBTORS | 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Amounts | falling | due within one | year: | ||||||
| Dividend | income | receivable | 1,051 | 563 | |||||
| X1,051 | f563 | ||||||||
| CREDITORS | 2022 | 2021 | |||||||
| Amounts | falling | due within one | year: | ||||||
| Accrued | rental income | 5,764 | |||||||
| Professional | fees | 5,951 | 4,583 | ||||||
| f11,715 | K4,583 | ||||||||
| RESTRICTED | FUNDS | ||||||||
| Balance at | Balance at | ||||||||
| 1January | Losses on | Unrealised | 31December | ||||||
| 2022 | Income | Expenditure | Transfers | disposal | Gains/(Losses) | 2022 | |||
| Permanent | |||||||||
| Endowment | 1,080,311 | (5,431) | 808 | (31,993) | (79,185) | 964,510 | |||
| Funds | |||||||||
| Balance at | Balance at | ||||||||
| 1January | Gains on | Unrealised | 31December | ||||||
| 2021 | Income | Expenditure | Transfers | disposal | Gains/(Losses) | 2021 | |||
| Permanent | |||||||||
| Endowment | 988,735 | (6,092) | 8,339 | 89,329 | 1,080,311 | ||||
| Funds | |||||||||
| UNRESTRICTED FUNDS | |||||||||
| Balance at | Balance at | ||||||||
| 1January | Losses on | Unrealised | 31December | ||||||
| 2022 | Income | Expenditure | Transfers | disposal | Gains/(Losses) | 2022 | |||
| General Fund | 38,930 | 38,094 | (21,271) | (23,391) | (1,905) | 30,457 | |||
| Property | 22,583 | (1,531) | 21,052 | ||||||
| Repair Fund | |||||||||
| f38,930 | f38,094 | E(21,271) | f(808) | K(1,905) | f.(1,531) | f51,509 |
| UNRESTRICT | ED FUNDS ( | CONT'D) | |||||
|---|---|---|---|---|---|---|---|
| Balance at | Balance at | ||||||
| 1January | Gains on | Unrealised | 31December | ||||
| 2021 | Income | Expenditure | Transfers | disposal | Gains/(Losses) | 2021 | |
| General Fund | 40,980 | 25,433 | (30,788) | 3,305 | 38,930 | ||
| Property | |||||||
| Repair Fund | |||||||
| K40,980 | E25,433 | K(30,788) | ANIL | X3,305 | K38,930 |
| ANA | LYSIS OFNET ASSETSBETWEEN | FUNDS | ||||
|---|---|---|---|---|---|---|
| Permanent | Property | |||||
| Endowment | General | Repair | ||||
| Fund | Fund | Fund | Total | |||
| 2022 | 2022 | 2022 | 2022 | |||
| Fixed | assets | 931,280 | 21,052 | 952,332 | ||
| Cash | and current investments | 33,230 | 41,121 | 74,351 | ||
| Other | current assets/liabilities | (10,664) | (10,664) | |||
| Z964,510 | f30,457 | f21,052 | K1,016,019 | |||
| 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 | 16,346 | 29,335 | ||
| Other | current assets/liabilities | (4,020) | (4,020) | |||
| 5.1,080,311 | E38,930 | $1,119,241 |