WARMCK PROVIDENT DJSPENSARY
FINANCIAL STATEMENTS
3] DECEMBER2022
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|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||
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||||||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|
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|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|
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||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|
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|---|---|---|---|---|---|---|
|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|
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|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|
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|Inv|estment
Property:
13Swan Street|||
|---|---|---|---|
|||2022|2021|
|At|cost|330,000|fNIL|
|At|31December 2022|330,000||
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|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|
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|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|
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|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|
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