| PAGE | ||
|---|---|---|
| Annual Report |
1-3 | |
| Independent Examiners |
Report | |
| Statement of Financial |
Activities | |
| Balance Sheet | ||
| Notes to the Accounts | 7-9 |
| TJ Roach | TJ Roach | Chairman | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| J Russell | Vice chairman | |||||||||
| C P | Ablitt | |||||||||
| Rev | Canon S N H Baker | Retired April 2021 |
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| Mrs | D F Baker | Expired May 2021 |
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| Miss KA E Churchill | Appointed September 2021 |
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| Mrs | G Boyle | |||||||||
| B Gwilt | Appointed May |
2021 | ||||||||
| Mrs | K Duncan | Brown | ||||||||
| MrJ | Powell | Expired May 2021 |
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| C J Spruce | Expired March 2021 | |||||||||
| Mrs | N Templeton | |||||||||
| BTwivey | ||||||||||
| R W White | ||||||||||
| R P | Yardley | Appointed May |
2021 | |||||||
| Principal Address: | S RJames | |||||||||
| The Warden | ||||||||||
| Lichfield Conduit | Lands | |||||||||
| 5 Breadmarket | Street | |||||||||
| Lichfield | ||||||||||
| WS136LQ | ||||||||||
| Website: | www. lichfieldconduitlands. | or | .uk | |||||||
| Registered | Charity | No: | 254298 | |||||||
| Principal | Bankers: | CAF Bank Ltd | ||||||||
| 25 Kings Hills Avenue |
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| Kings Hill |
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| West Mailing | ||||||||||
| ME194JQ | ||||||||||
| Independent | Examiner: | A P Morris FCA | ||||||||
| of Dains LLP | ||||||||||
| Chartered Accountants |
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| St Johns Court | ||||||||||
| Wiltell Road | ||||||||||
| Lichfield | ||||||||||
| Staffs | ||||||||||
| WS14 9DS | ||||||||||
| Investment | Advisers: | Brewin Dolphin |
Securities | Ltd | ||||||
| 9 Colmore Row | ||||||||||
| Birmingham | ||||||||||
| B32BJ |
| YEAR ENDED 31 | DECE | MBER 2021 | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Total | Total | ||||
| Notes | Income Funds | Fund | 2021 | 2020 | |||
| Income and endowments | from: | ||||||
| Investments | |||||||
| Income from listed investments | 38,408 | 38,408 | 34,994 | ||||
| Other donation | 30 | 30 | |||||
| Total income | 38,438 | 38,438 | 34,994 | ||||
| Expenditure on: |
|||||||
| Charitable activities |
25,490 | 25,490 | 33,300 | ||||
| Investment management |
charges | 1,301 | 7,138 | 8,439 | 8,342 | ||
| Warden's salary |
8,500 | 8,500 | 8,500 | ||||
| Sundry expenses | 1,119 | 1,119 | 393 | ||||
| Independent examiner |
1,404 | 1,404 | 1,470 | ||||
| Total | 37,814 | 7,138 | 44 952 | 52 005 | |||
| Net gains/(losses) | on investments | (53) | 146,689 | 146,636 | 8,622 | ||
| Net income/(expenditure) | 571 | 139,551 | 140,122 | (8,389) | |||
| Net movement in |
funds | 571 | 139,551 | 140,122 | (8,389) | ||
| Reconciliation of |
Funds: | ||||||
| Total funds brought | forward | 251,063 | 1,171,315 | 1,422,378 | 1,430,767 | ||
| Total funds carried forward | 251,634 | 1,310,866 | 1,562,500 | 1,422,378 |
| LICHFIELD CONDUIT LANDS BALANCE SHEET 31 DECEMBER 2021 |
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|---|---|---|---|---|---|
| Unrestricted | Endowment | Total | Total | ||
| Income Funds | Fund | 2021 | 2020 | ||
| Notes | f. | E | E | F | |
| Fixed Assets | |||||
| Listed Investments | 228,816 | 1,315,548 | 1,544,364 | 1,406,165 | |
| Current Assets | |||||
| Debtors | 1,595 | 'I,595 | 1,368 | ||
| Balances at Bank: | |||||
| Deposit | 64 | 64 | 64 | ||
| Current | 25,627 | (2,863) | 22,764 | 22,380 | |
| Total Current Assets | 27,286 | (2,863) | 24,423 | 23,812 | |
| Liabilities: | |||||
| Creditors falling due within one year |
4,468 | 1,819 | 6,287 | 7,599 | |
| Net Current Assets | 22,818 | (4,682) | 18,136 | 16,213 | |
| Net Assets | 251,634 | 1,310,866 | 1,562,500 | 1,422,378 | |
| The funds ofthe charity: | |||||
| Permanent endowment |
1,310,866 | 1,310,866 | 1,171,315 | ||
| Unrestricted income funds |
251,634 | 251,634 | 251,063 | ||
| Total charity funds | 251,634 | 1,310,866 | 1,562,500 | 1,422,378 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| E | E | ||||||
| Independent | Examiner's | Fees | re | independent | examination | 600 | 600 |
| Independent | Examiner's | Fees | for | other services | 804 | 870 | |
| 1,404 | 1,470 |
| 6 Listed | In | vestments | |||||
|---|---|---|---|---|---|---|---|
| Total | Total | ||||||
| 2021 | 2020 | ||||||
| f. | f. | ||||||
| UK Listed | Investments | 1,507,956 | 1,361,543 | ||||
| Investment | Portfolio Cash | 36,408 | 44,622 | ||||
| 1,544,364 | 1,406,165 | ||||||
| Accumulated | Endowment | Total | Total | ||||
| Income Fund | Fund | 2021 | 2020 | ||||
| F | E | ||||||
| Investments | held at 01.01.21 | 202,134 | 1,159,409 | 1,361,543 | 1,391,951 | ||
| Additions | at cost | 24,092 | 121,024 | 145,116 | 208,853 | ||
| Disposals | at carrying | value | (24,300) | (121,039) | (145,339) | (247,883) | |
| Add net gain/(loss) on revaluation |
(53) | 146,689 | 146,636 | 8,622 | |||
| Investments | held at 31.12.21 | 201,873 | 1,306,083 | 1,507,956 | 1,361,543 |
| 8 Bank b | ala | nces | |||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| E | F | ||||
| Deposit | 64 | 64 | |||
| Current | 22,764 | 22,380 | |||
| 22,828 | 22,444 | ||||
| Unrestricted | income funds | 25,691 | 25,365 | ||
| Endowment | fund | (2,863) | (2,921) | ||
| 22,828 | 22,444 | ||||
| 9 Creditors | |||||
| 2021 | 2020 | ||||
| E | f. | ||||
| Creditors | and accrued expenses | 3,887 | 3,799 | ||
| Grants authorised | but not paid | 2,400 | 3,800 | ||
| 6,287 | 7,599 | ||||
| Unrestricted | income funds | 4,468 | 5,886 | ||
| Endowment | fund | 1,819 | 1,7'I 3 | ||
| 6,287 | 7,599 |
| 1 Analy | sis of Net. Assets Be |
tween Funds | ||
|---|---|---|---|---|
| Accumulated | Endowment | Total | ||
| Income Fund | Fund | 2020 | ||
| E | ||||
| Fixed Assets | 230,216 | 1,175,949 | 1,406,165 | |
| Current | Assets | 26,733 | (2,921) | 23,812 |
| Current | Liabilities | (5,886) | (1,713) | (7,599) |
| Fund Balance | 251,063 | 1,171,315 | 1,422,378 |