WARWICK PROVIDENT DISPENSARY
FINANCIAL STA TEMENTS
31 DECEMBER 2023

WARWICK PROVIDENT DISPENSAR Y
INDEX
ANNUAL REPORT OF THE TRUSTEES
INDEPENDENT EXAMINER'S REPORT
STATEMENT OF FINANCIAL ACTIVITIES (2023)
COMPARATIVE STATEMENT OF FIIYANCIAL ACTIVITIES (2022)
BALANCE SHEET
ACCOUNTING POLICIES
9-12.
NOTES TO THE FINAf4CIAL STA TEMENTS

Page I
WARWICK PROVIDENT DISPENSARY
ANNUAL REPORT OF THE TRUSTEES
For the ytar ended 31 Detembtr 2023
Charity Registration Number..
253987 (England & Wales)
Principal Address of Charity..
clo Mr C E R Houghton
Moore & Tibbits
34 High Street
Warwick
CV34 4BE
Clerk to the Charity-
C E R Houghton E4
Moore & Tibbits
34 High Street
Warwick
CV34 4BE
Co-opted Trustees..
Mr D E Hanson- Chairnian
Mrs T Atkins
Mrs M Hooper
Mrs M Sutherland
Dr A Thurley- Retired September 2023
Mr S Morley
Mrs J Topham - Appointed 31 October 2023
Nominativ¢ Truste¢s-
Councillor N Murphy- Retired May 2023
Councillor M Ashford- Retired May 2023
Mrs J Topham
BaT]ker5'.
Lloyds Bank plc
12 Swan Street
Warwick
CV34 4BJ
Solicitors..
Moore & Tibbits
34 High Street
WaThvick
CV34 4BE
Independ¢nt ExaJniner'.
Steven Mugglestone BA (Hons) FCA
Mich2¢1 Harwood & Co
Chartered Aeeountant5
Greville House
10 Jury Str¢et
Warwick
CV34 4EW
Investment Advisers..
Br¢win Dolphin Limited
Woodstock Court
Blenheim Road
Marlborough
Wiltshire
SN8 4AN

WARWICK PROVIDENT DISPENSARY
Page 2
ANNUAL REPORT OF THE TRUSTEES
For the year ended 31 December 2023
STRUCTURE, COVERNANCE AND MANAGEMENT
The Charity is registered with the Charity Commissioners for England & Wales {Registered Number 253987) and is
regulated by Schemes sealed on 24 March 1969.
The charity.has an executive committee of 8 Trustees who meet three time5 a year and are responsible for the
Strdtegic direction and policies of the ¢hariiy.
The Trustees have delegated day to day responsibility for administration of the Charity to the Clerk of the Charity.
The induction process for a new Trustee is as follows.. The Chainnan will meet with the new Trnstee to explain all
aspects of the Charity and to provide all relevant infomiation regarding it. The Clerk to the Trustees will write to
the new Trustee with a copy of the scheme governing the Charity and a copy of the last set of accounts. The
Chairnian and the Clerk to the Trust¢¢s will also provide all assistance and infonnation ne¢essary for the new
Trustee to become familiar with the workings of the Charity and their responsfftbilities.
OBJECTIVES AJYD ACTIVITIES
The object of the Charity is the provision of relief to petsons who ar¢ Sick, convalescent, disabled or infTh and are
resident in the Borough of Warwick.
The scheme 5¢aled on 24 March 1969 appoints the TTUStees of the Charity.
The Trustees have had due regard to the guidance published by The Charity Commissioners on public benefiL and
consider that the objectives and activities of the Chariry fulfil this requirement for the benefit of the local
eommunity.
ACHIEVEMEf4TS AND PERFORMANCE
During the year the Charity made 8 awards to the local Charities and Institutions.
The Charity continues to carry out its objectives.
FINANCIAL REVIEW
In the year to 31 December 2023 the Charity made a sU￿lUS of £8,095 {2022- £11,392) having paid out gTants of
£26,840 to beneficiarie5 {2022 - £13,760).
Unrestricted fllnds stood at £66,724 at 31 December 2023 (2022- £51,509). These ￿ndS ¢cmiprise net current assets
of £33,113 (2022 - £30,457) and £33,611 (2022 - £21,052) of the Charity's investment in COIF Investment Fund as
disclosed in note 8 to the financial statements. Endowment Funds stood at £982,056. The Trustees have agreed a
policy whereby unrestricted funds held by the Charity and not committed or invested. should.be invested and
accumulated.
The Charity purchased a eornmercial property in May 2022 and this would produce a yi¢ld of approximately 7.51/10.
RISK REVIEW
The Trustees have considered the risks to which th¢ Charity 1$ exposed and have established systems for mitigating
those risks. The risks are now limited to investment risks. The Trnstees believe that by investing its funds ti] CCLA
lrtvestment Managers Limited and Brewin Dolphin Securities Limited whith are periodically reviewed. these risks
2T¢ minimised.
INVESTMENT POLICY
The TrllSt¢es have considered the most appropriate policy for investing funds and in conjunction w2th the Reserves
Policy have decided that approximately £25,000 should be kept immediately available to meet potential grant
applieation5.

WARWICK PROVIDENT DISPENSARY
Page 3
ANNUAL REPORT OF THE TRUSTEES
For th¢ year ended 31 December 2023
FUTURE PLANS
The Charity will continu¢ to provide relief to persons who are sick. conva1¢5cenL disabled or infirm and are resident
in the Town of Wanviok.
STATEMENT OF TRUSTEES RESPONSIBILITIES
The Scheme5 s¢aled on 24 March 1969 require the Trustees to prepare financial statements for each financial year
and transmst the statements to the Charity Commissioners in accordan¢e with the provisions of the Charities Act
2011.
The Trnstees are responsible for keeping proper a¢counting records with respect to the Trust's transactions aT)d its
assets and liabilitie5 which disclose, with reasonable accuracy at any tirne, the finan¢ial position of ihe Trust. The
Trustees are also responsible for the establishment and maintenance of a satisfactory System of control of its book5
of account, its cash holdings and all it5 receipts and remittances to enable thetn to ensure that the financial
statements comply with th¢ schemes.
The TNstees are also r¢sponsible for safeguarding the a5sels of the Trust and hence for taking reasonable steps for
the prevention and detection of fraud.
The Trustee$ hav¢ fvlfilled these responsibilities to the best of their ability.
On behalf of th¢ Trustees
Signed
Mr D E Hanson- Chairman
Date: 13, June 2024

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WARWICK PROVJDENT
DISPENSARY
Page 4
CHARITY NUMBER: 253987
I report on my examination of the aecounts of the Charity ("the Trust") for the year ended 31 December 2023, which
are sei out on pages 5 to 12.
Responsibilities of Trustees and Eyaminer
I report in respect of Tny examination of the Trust's accounts ca￿]ed out under section 145 of the 2011 Aet and in
carrying out my examination, I hav¢ followed all the applicable Direction5 given by the Charity Commission under
section 145(5)(b) of the Act.
Independent Examiner's statement
I have completed my examination. I confrnn that no material matters have come to my attention in connection with
the examination which give5 m¢ cause to believe that in, any material respect..
The accounting records were not kept in accordance with section 130 of the Charities Act- or
The a¢wunts did not accord with the accounting r¢cords' or
The accounts did not comply with the applicable requirements conceming the forni and content of accounts
set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the
accounts give a 'true and fair, view which is not a matter considered as part of an iT)dependent examination.
I have no concerns and have come acr055 no other matters in COnn￿tIon with the examination to which attention
should be drawn in thi5 report in ord¢r to enable a proper understanding of the accounts to be reached.
Steven Muggle5toDe BA (Hons) FCA
MICHAEL HARWOOD & CO
Chart¢red Aecountants
Greville House
10 Jury Street
Warwick
CV34 4EW
Date.. IU-trtrJ UL)

Page 5
WARWICK PROVIDENT DISPENSARY
STATEMENT OF FINANCIAL ACTIVITIES
For the year ended 31 December 2023
Unrestrieted Endowment
Funds
Funds
2023
Total
2022
Total
r4otes
INCOME AND ENDOWMENTS from:
Dividends from investments
Rental income
Interesl
15,093
25,878
6,283
15.093
25.878
6.283
22.277
15,657
160
TOTAL INCOME AND ENDOWMENTS
47,254
47,254
38,094
EXPENDITURE on:
Raising funds
Investment management fees
4.561
4,561
5.431
Charitable aetivltles
Grants awarded and paid
26,840
26,840
13,760
26,840
4.561
31.401
19.191
Other costs
Clerk's fees
Independent Examiner's fees
Accountancy
Professional f¢e5
Insurance
Sundries
4.638
1.575
525
142
878
4,638
1,575
525
142
878
3,809
1,607
535
.310
250
7,758
7,758
7,511
Total expendlture
34,598
4,561
39,159
26,702
NET (EXPENDITURE) before transfer and gainsl(losse5)
12,650
(4,561)
8,095
11,392
Transfer bettveen funds
NET (EXPENDITURE) before gainsl(1055e$)
12,656
(4,561)
8,095
11.392
Reali5ed Ilos5¢5ygains on sale of r￿ed assets
(335)
(335)
{33,898)
NET INCOME
12,656
(4,896)
7,760
{22.506)
Other reeognised gains and losses
Unrealised gains on revaluation of fixed assets
2,559
22,442
25,001
{80,716)
NET MOVEMENT IN FUNDS
15,215
17,546
32,761
(103,222)
RECONCILIATIONS OF FUNDS:
TOTAL FUNDS BROUGHT FORWARD
51,509
964,510
1,016,019
1,119,241
TOTAL FUNDS CARRIED FORWARD
718
£66,724
£982,056 £1,048,780
£1,016,019
All income and expenditure derive fro￿ continuing activities.
The notes on pages 8 to 12 forn) part of these financial statements.

Page 6
WARWICK PROVIDENT DISPENSARY
STA TEMENT OF FINANCIAL ACTIVITIES
For the year ended 31 Decernber 2022
Unre5trieted
Fund5
Ettdowment
Funds
2022
Total
Notes
INCOME AND ENDOWMENTS from:
Dividends from investments
Rental Income
Interest
22,277
15,657
160
22,277
15,657
160
TOTAL INCOME AND ENDOWMENTS
38,094
38,094
EXPENDITURE on:
Raising funds
Investment management fe¢5
5,431
5,431
Charitable activities
Grant5 awarded and paid
13,760
13,760
13.760
5,431
19,191
Other costs
Clerk's fees
Independent Examiner's fees
Ac¢ountancy
Professional fees
Sundries
3,809
1,607
535
1,310
250
3,809
1.607
535
1,310
250
7.511
7,511
Total expenditure
21,271
5,431
26,702
NET (EXPENDITURE) before g8insl(105ses)
16,823
(5,431)
11,392
Transfer between funds
(808)
808
NET (EXPENDITURE) before gains/(1055es)
16,015
(4,623)
11.392
Reali5ed (losses)Igains on Sale of fixed a55ets
(1,905)
(31,993)
(33.898)
NET INCOME
14,110
(36,6l6)
(22,506)
Other recognised gain5 and 1055es
Unrealised gains on revaluation of f]xed assets
(1,531)
(79,185)
(80,716)
NET MOVEMENT IN FUNDS
12,579
{115,801)
(103,222)
RECONCILIATIONS OF FUNDS:
TOTAL FUNDS BROUGHT FORWARD
38.930
1,080.311
1,119,241
TOTAL FUNDS CARRIED FORWARD
718
£51,509
£964,510
£1,016,019

Page 7
WARWICK PROVIDENT DISPENSARY
BALANCE SHEET
31 December 2023
Notes
2023
2022
FIXED ASSETS
Investtnents
Investment propety
4a
4b
669,462
330,000
999,462
952,332
CURRENT ASSETS
Debtors. amounts falling within one year
Lloyds Bank- Treasurers Account
COIF Deposit Account
Brewin Dolphin Capital Accouni
2,290
16.883
26.485
16,204
20.608
20,513
33,230
TOTAL CURRENT ASSETS
61.862
75.402
CREDITORS:
Amount5 falling due within one year
(12,544)
(11,715)
CURRENT ASSETS LESS CURRENT LIABILITIES
49.318
63,687
TOTAL ASSETS LESS CURRENT LIABILITIES
1,048,7¥0
1,016,019
NET ASSETS
£1.048.780
£1.016.019
THE FUNDS OF THE CHARITY
Restrlcted funds
Pernianent Endowment
718
982,056
904,510
Unrestricted funds
G¢neTal fund
Property RepaiF fimd
718
718
33,113
33,611
30,457
21,052
66,724
51,509
TOTAL CHARITY FUNDS
£1,048,780
£1,016,019
The financial statements were approved by the Board of Trustees on 13th June 2024 and were signed on its behalf by-
MT D E H3nson- Chairm
The notes on pages 8 to 12 fom part of these financial statements.

WARWICK PROVIDENT DISPENSARY
Page
NOTES TO THE FINANCIAL STA TEMENTS
For the year ended 31 Deeember 2023
BASIS OF ACCOUNTING
Th¢ Warwick Provident Dispensary is a charity registered in England and Wales since 1969. The address
of the registered office is given in the charity inforniation on page l and the nature of the Charity,
operation5 and principal activities are given on pages 2 and 3.
The Charity constitutes a publi¢ benefit entity as defined by FRS 102. The financial statements have been
prepared in accordance with A¢¢ounting and Reporting by Charities.. Statement of Recommended Practice
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard
applicable in the United Kingdom and Republic of Ireland {FRS 102), the Charities Act 2011 and UK
Generally Accepted Practice as it applies from l January 2015.
The accounts do not include a ¢ash flow statement on the grounds that it is applying FRS 102 Section IA.
The finan¢ial statetnents are prepared on a going concern basi5 under ihe historical cost convention,
modified to include certain items at fair value. The financial statements ar¢ presented in sterling which is
tl)e fllnctional tu￿enCY of the Chariry and rounded to the nearest £1.
INCOME AND ENDOWMENTS
Income from investments is aceounted for on an accrna15 basis.
Rental income from investmeni propeny is included in the financial Statements on a receivable basis.
EXPENDITURE
Expendi￿re is accounted for on an accruals basis.
Grants are paid out in ateordance with the Charity's stated objects on a committed b851S.
INVESTMENTS
Investments are valued at market value, The surplusldeficit arising on the r¢valuaiion has been transferred
to the appropriate funds.
FUND ACCOUNTING
Endowrnent Funds are funds which have been given to the Charity subject to the Testriction that they ar¢
to be held as capital.
The endowment fund is represented by investments and propety. Income arising from these assets IS
transfe]Ted to the general fLmd.
General fijnd comprises the accumulated surylus on the income and expenditure atcount. They are
available for use at the discretion of the Trustees, in furtherance of the objects of the Charity.
Property repair fund is set aside to meet propety costs during void periods, exceptional and uninsured
expeD5es relating to 13 Swan Street.

Page 9
WARWICK PROVIDENT DISPENSARY
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2023
GOING CONCERN
The financial statement5 have been prepared on a going ¢oncem basi5 as the trustees believe that no material
un¢ertaintie5 exist. The Trustees have considered the level of funds held and the expected level of income and
expenditure for 12 months from authorising these fmancial statements. The budgeted income and expenditure
is 5uffi¢ient with the level of reserves for the Charity to be able to continue a5 a going concern.
TAXATION
The Charity is exetnpt from incotne tax and Capital gains tax within the exemption granted by sections 521-
536 In¢orn¢ T&xe5 Act 2007. The Charity ha5 borne VAT on its expenditure where appropriate.
CHARITABLE STATUS
The Charity is registered with the Charity Commissioners for England and Wal¢s No. 253987 and is reg￿lated
by the Trust Deed dated 24 March 1969.
DIVIDENDS AND INVESTMENTS
2023
2022
Portfolio dividends
COIF diyidend
14,243
850
19,276
3,001
£15,093
£22,277
GRANTS
2023
2022
During the year th¢ trustees made the following grants..
WNAA
Myton Hospice
Springfield NqIND
Arnionico Con50rt
Individuals
2,500
5,000
5,000
1,000
13,340
2,500
5,000
5.000
1,000
260
£26,840
£13,760
During the year the charity made 4 awards io Institutions and 9 to individual. (2022- 4 awards to institutions
and I to individuals).
The Charity has agreed to 5UPPOrt the Springfield MtND project which was being promoted and led by The
Charity of Thomas Oken & Nichola5 Eyffler. A contribution of £5,000 per annum will be made for the three
years starting from July 2020. The term5 of the agreement are 5ubjed to annual review by the Tru5tee5 of The
Charity of Thomas Oken & Nichola5 Eyffler.

WARWICK PROVIDENT DISPENSARY
NOTES TO THE FINANCIAL STA TEMENTS
For the year ended 31 December 2023
Page 10
4a)
FIXED ASSET INVESTMENTS
202J
2022
Markei value l January 2023
Acquisitions at cost..
Share Portfolio Purchases
Disposals of Investm¢nts
Net gainl(losses) on revaluation at 31 December 2023
622,332
1.093,926
93,463
(71,334)
25,001
107,483
(464,463)
(114.614)
Market valu¢ 31 December 2023
£669,462
£622.332
Investments ¢omprise'.
Market
Vglue at
31.12.23
Market
Value at
31.1122
1,694 {2022- 1,158} COIF Charity Fund Income Shares
Brewitt Dolphin Investment Portfolio
33,611
635,851
21,052
601,280
£669,462
£622,332
The above investments are all held within the UK.
During the year, the Truste¢s bought 535 of COIF income share5 for £10,000.
Investment gains comprise of unrealised gains of £25,001.
4b)
Investment Property.. 13 SwaN Street
2023
2022
At eost
330,000
£330,000
At 31 December 2023
330.000
£330,000
The Charity bought a freehold property of 13 Swall Street. Warwick in May 2022 for
£330,000.
A5 It is an investment property, no depreciation is provided on the property cost and in
the opinion of the trnst¢es it has been included at 'a fair valuation" given its rental
income and CUJTent use.
The purchase related costs are written off to revenue when incuTred.

Pagell
WARWICK PROVIDENT DISPENSARY
NOTES TO THE FINANCIAL STATEMENTS
For the year.eDded 31 Deeember 2023
DEBTORS
2023
2022
Amounts falling due within one year..
Dividend income receivabl¢
2.290
1,051
£2,290
£1,051
CREDITORS
2023
2022
Amount5 falling due within one year=
Deferred rental income
Professional fees
5,7fv1
6,780
5,764
5,951
£12,544
£11,715
RESTRICTED FUNDS
Balanee at
l January
2023
Balance at
Losse5 on
Unrealised 31 December
disposal Gain51(L05ses)
2023
Income Expenditure
Transfer5
Pernianent
Endowment
Funds
964.510
(4,561)
(335)
22,442
982,056
Balance at
l J8nu8ry
2022
Balance at
Gain5 on
Unrealised 31 December
disposal Gainsl(Losses)
2022
Jncome Expenditure
Transfer5
Pemaftent
Endowment
Funds
1,080,311
(5,431)
808
{31.993)
(79.185)
964,510
UNRSTRICTED FUNDS
Balance at
l January
2023
Balance #t
Losses on
Unrealised 31 December
disposal Gain51{IA)5se5)
Income Expenditure
Transfers
2023
General Fund
Propety
Repair Fund
30,457
21,052
47254
{34,598)
(10,000)
10,000
33,113
33,611
2,559
£51,509
£47,254
£(34,598)
£2,559
£66,724

WARWICK PROVIDENT DISPENSARY
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2023
Page 12
UNRSTRICTED FUNDS (CONT'D)
BAl8nce at
l January
2022
Balance at
Losse5 on
Unrealised 31 December
disposal Cains/(Losses)
2022
Income Expenditure
Transfer5
General Fund
Property
Repair Fund
38,930
38,094
(21,271)
(23,391)
22,583
(1,905)
30,457
21,052
(1,531)
£38.930 £38,094
£(21,271)
£808
£(1,905)
£(1,531)
£51,509
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Permanent
Endowrnent
Fund
2023
Property
Repair
Fund
2013
General
Fund
2023
Tot81
2023
Fixed assets
Cash and current inyestments
Other current assets/liabilities
965,851
16,205
33,611
999,462
59,573
(10,255)
43,368
(10,255)
£982.056
£33,113 £33,611
£1,048,780
Permanent
Endownjent
Fund
2022
Property
Repair
Fund
2022
General
Fund
2022
Tot&1
2022
Fixed essets
Cash and current investments
Other current assetsliiabilities
931,280
33,230
21,052
952.332
74,351
{10,644)
41,121
<10,664)
£964,510
£30,457
£21,052
£1,016,019
TRUSTEES, REMUNERATJON AND EXPENSES
No Trustees reeeived remuneration or expen5¢s in the year or the previou5 year.
RELATED PARTY TRANSACTIONS
io.
There have b¢en no related paty transactions during the year. (2022 - £NIL)