| PAGE | ||
|---|---|---|
| Annual Report |
1-3 | |
| Independent Examiners |
Report | |
| Statement of Financial |
Activities | |
| Balance Sheet | ||
| Notes to the Accounts | 7-9 |
| J Russell | Chairman from |
December | December | 2022 | 2022 | Co-optative | Co-optative | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| C P Ablitt | Vice chairman | from December 2022 | Co-optative | ||||||||
| TJ Roach | Chairman to December 2022 |
Co-optative | |||||||||
| Mrs G Boyle | Lichfield | City Council | |||||||||
| Miss K A E Churchill | Co-optative | ||||||||||
| Mr J Checkland | appointed 16 May |
2022 | Ex Officio | ||||||||
| Mrs K Duncan | Brown | expired December 2022 | Co-optative | ||||||||
| Mr C Greatorex | appointed 16 May |
2022 | Ex Officio | ||||||||
| B Gwilt | expired 16 May | 2022 | Ex Officio | ||||||||
| Mrs N Templeton |
Co-optative | ||||||||||
| BTwivey | Co-optative | ||||||||||
| Revd Dr A | Walsh | appointed 14 February 2022 |
Ex Officio | ||||||||
| R W White | Co-optative | ||||||||||
| R P Yardley | expired 16 May | 2022 | Ex Officio | ||||||||
| Principal Address: | S R James | ||||||||||
| 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 |
|||||||||||
| Kings Hill |
|||||||||||
| West Mailing | |||||||||||
| ME194JQ | |||||||||||
| Independent | Examiner: | A P Morris FCA | |||||||||
| of Dains Audit | Ltd | ||||||||||
| Chartered Accountants |
|||||||||||
| StJohns Court | |||||||||||
| Wiltell Road | |||||||||||
| Lichfield | |||||||||||
| Staffs | |||||||||||
| WS14 9DS | |||||||||||
| Investment | Advisers: | Brewin Dolphin |
Securities | Ltd | |||||||
| 9 Colmore Row |
|||||||||||
| Birmingham | |||||||||||
| B32BJ |
| YEAR ENDED 31 | DECE | MBER 2022 | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Total | Total | ||||
| Notes | Income Funds | Fund | 2022 | 2021 | |||
| E | |||||||
| Income and endowments | from: | ||||||
| Investments | |||||||
| Income from listed investments | 38,410 | 38,410 | 38,408 | ||||
| Bank interest | 22 | 22 | |||||
| Other donation | 30 | ||||||
| Total income | 38,432 | 38,432 | 38,438 | ||||
| Expenditure on: |
|||||||
| Charitable activities |
29,547 | 29,547 | 25,490 | ||||
| Investment management |
charges | 1,254 | 6,906 | 8,160 | 8,439 | ||
| Warden's salary |
8,500 | 8,500 | 8,500 | ||||
| Sundry expenses | 1,125 | 1,125 | 1,119 | ||||
| Independent examiner |
1,434 | 1,434 | 1,404 | ||||
| Total | 41,860 | 6,906 | 48,766 | 44,952 | |||
| Net gains/(losses) | on investments | (12,327) | (140,342) | (152,669) | 146,636 | ||
| Net income/(expenditure) | (15,755) | (147,248) | (163,003) | 140,122 | |||
| Net movement in |
funds | (15,755) | (147,248) | (163,003) | 140,122 | ||
| Reconciliation of |
Funds: | ||||||
| Total funds brought | forward | 251,634 | 1,310,866 | 1,562,500 | 1,422,378 | ||
| Total funds carried forward | 235,879 | 1,163,618 | 1,399,497 | 1,562,500 |
| 31 DECEM | BER 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Total | Total | ||||
| Income Funds | Fund | 2022 | 2021 | ||||
| Notes | F | E | F | ||||
| Fixed Assets | |||||||
| Listed Investments | 215,154 | 1,168,198 | 1,383,352 | 1,544,364 | |||
| Current Assets | |||||||
| Debtors | 2,053 | 2,053 | 1,595 | ||||
| Balances at | Bank: | ||||||
| Deposit | 64 | 64 | 64 | ||||
| Current | 23,613 | 2,871) | 20,742 | 22,764 | |||
| Total Current Assets | 25,730 | (2,871) | 22,859 | 24,423 | |||
| Liabilities: | |||||||
| Creditors falling due within |
one year | 9 | 5,005 | 1,709 | 6,714 | 6,287 | |
| Net Current | Assets | 20,725 | (4,580) | 16,145 | 18,136 | ||
| Net Assets | 235,879 | 1,163,618 | 1,399,497 | 1,562,500 | |||
| The funds | ofthe charity: | ||||||
| Permanent | endowment | 1,163,618 | 1,163,618 | 1,310,866 | |||
| Unrestricted | income funds | 235,879 | 235,879 | 251,634 | |||
| Total charity funds | 235,879 | 1,163,618 | 1,399,497 | 1,562,500 |
| Charitab | le Activities |
|||||||
|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||
| E | ||||||||
| Grants to Organisations | 24,747 | 25,890 | ||||||
| Grants to 13(2021-2) Individuals | 4,800 | 800 | ||||||
| Three grants to individuals |
returned | 1,200 | ||||||
| 29,547 | 25,490 | |||||||
| Grants | to organisations | are as follows: | f | |||||
| Lichfield | Festival | 3,000 | 3,000 | |||||
| Lichfield | Arts re FUSE Festival 2022 | 1,500 | 1,250 | |||||
| Lichfield | 8 District Talking | Newspaper | & Co | mmunity | Care | 2,000 | ||
| Lichfield | Greenhill Bower CIC |
1,000 | ||||||
| Lichfield | Waterworks Trust |
2,200 | ||||||
| Lichfield | Arts re Blues and | Jazz Festival | 900 | 900 | ||||
| Lichfield | Arts re Festival of | Folk | 500 | |||||
| The Erasmus Darwin Foundation |
5,719 | |||||||
| PCC of | St Michael and St | Mary Lichfield | 2,000 | |||||
| Kendall | and Wall Charitable | Trust | 2,000 | |||||
| Lichfield | Friary School | 432 | 240 | |||||
| Lichfield | Christian Schools |
Work Trust | 1,496 | |||||
| Lichfield | Arts re FUSE Festival 2023 | 2,000 | ||||||
| King Edward Vl School |
5,000 | |||||||
| Lichfield | Bowling Club | 800 | ||||||
| Lichfield | Litter Legends | 1,000 | ||||||
| Lichfield | Friary Lawn Tennis Club | 2,000 | ||||||
| Lichfield | Cathedral | 5,000 | ||||||
| Lichfield | Hockey Club | 2,000 | ||||||
| Lichfield | Cathedral School |
(Music Share) | 1,700 | |||||
| Lichfield | Festival Friends | 500 | ||||||
| Guild ofSt Mary's Lichfield |
2,500 | |||||||
| 24,747 | 20,500 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| E | E | ||||||
| Independent | Examiner's | Fees | re | independent | examination | 600 | 600 |
| independent | Examiner's | Fees | for | other services | 834 | 804 | |
| 1,434 | 1,404 |
| 6 Listed | In | vestments | |||||
|---|---|---|---|---|---|---|---|
| Total | Total | ||||||
| 2022 | 2021 | ||||||
| E | |||||||
| UK Listed | Investments | 1,365,931 | 1,507,956 | ||||
| Investment | Portfolio Cash | 17,422 | 36,408 | ||||
| 1,383,353 | 1,544,364 | ||||||
| Accumulated | Endowment | Total | Total | ||||
| Income Fund | Fund | 2022 | 2021 | ||||
| F | E | ||||||
| Investments | held at 01,01.22 | 201,873 | 1,306,083 | 1,507,956 | 1,361,543 | ||
| Additions | at | cost | 69,221 | 52,716 | 121,937 | 145,116 | |
| Disposals | at carrying | value | (55,142) | (56,151) | (111,293) | (145,339) | |
| Add net gain/(loss) on revaluation |
(12,327) | (140,342 | (152,669) | 146,636 | |||
| Investments | held at 31.12.22 | 203,625 | 1,162,306 | 1,365,931 | 1,507,956 |
| 8 Bank b | ala | nces | |||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| E | |||||
| Deposit | 64 | 64 | |||
| Current | 20,742 | 22,764 | |||
| 20,806 | 22,828 | ||||
| Unrestricted | income funds | 23,677 | 25,797 | ||
| Endowment | fund | 2,871) | (2,969) | ||
| 20,806 | 22,828 | ||||
| 9 Creditors | |||||
| 2022 | 2021 | ||||
| F | E | ||||
| Creditors | and accrued expenses | 4,014 | 3,887 | ||
| Grants authorised | but not paid | 2,700 | 2,400 | ||
| 6,714 | 6,287 | ||||
| Unrestricted | income funds | 5,005 | 4,574 | ||
| Endowment | fund | 1,709 | 1,713 | ||
| 6,714 | 6,287 |
| Analy | sis of Net Assets Be |
tween Funds | ||
|---|---|---|---|---|
| Accumulated | Endowment | Total | ||
| Income Fund | Fund | 2021 | ||
| F | E | |||
| Fixed Assets | 228,816 | 1,315,548 | 1,544,364 | |
| Current | Assets | 27,286 | (2,863) | 24,423 |
| Current | Liabilities | (4,468) | (1,819) | (6,287) |
| Fund Balance | 251,634 | 1,310,866 | 1,562,500 |