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2021-12-31-accounts

		PAGE
Annual Report		1-3
Independent Examiners	Report
Statement of Financial	Activities
Balance Sheet
Notes to the Accounts		7-9

J Russell				Chairman					Co-optative	Co-optative
W M Henwood				Vice chairman					Co-optative
D F Baker				Expired 17 May		2021			Ex- officio
L E Benham				Terminated	8 June		2021		Co-optative
J M Eagland									Co-optative
C P Earnshaw				Appointed	8 June 2021				Co-optative
J A Greaves									Lichfield	City Council
D Greatorex									Lichfield	City Council
P SJones									Lichfield	City Council
C J McNeill									Co-optative
TJ Roach									Co-optative
N G Sedgwick									Co-optative
C R Stokes									Co-optative
M A Warfield									Co-optative
R P Yardley				Appointed	17 May 2021				Ex- officio
Principal Address:				S R James
				The Clerk
				Lichfield Municipal			Charities
				St Mary's Chambers
				5 Breadmarket		Street
				Lichfield
				WS136LQ
Website:				www. lichfieldmunici			al.or	.uk
Registered		Charity	Number:	254299
Principal	Bankers:			CAF Bank	Ltd
				25 Kings Hills Avenue
				Kings Hill
				West Mailing
				ME194JQ
Independent		Examiner:		A P Morris	FCA
				of Dains LLP
				Chartered	Accountants
				St Johns Court
				Wiltell Road
				Lichfield
				Staffs
				WS14 9DS
Investment		Advisers:		Brewin Dolphin		Securities			Ltd
				9 Colmore	Row
				Birmingham
				B32BJ

YEAR ENDED 31 DECE	MB	ER 202	1
				Income	Extraordinary		Endowment	Total	Total
			Note	Fund	Repairs	Fund	Fund	2021	2020
				E	E
									(As restated)
Income and endowments	from:
Charitable activities
Maintenance contributions		receivable		45,372				45,372	44,659
Investments
Income from listed investments			2	42,247		2,698		44,945	41,961
Deposit interest and similar		income		7				7	92
Rental income				365				365	365
Other				798				798	71
Total				88,789		2,698		91,487	87,148
Expenditure on:
Almshouse running costs				28,930				28,930	39,760
Other charitable expenditure				15,800				15,800	14,491
Investment management	charges			2,619		654	7,498	10,771	10,032
Insurance etc re land at Darnford				321				321	292
Clerk's salary				14,375				14,375	13,900
Independent examiner's fees				2,436				2,436	2,382
Sundry expenses				1,143				1,143	747
Depreciation - Solar panels				977				977	977
Total				66,601		654	7,498	74,753	82,581
Gains/(losses) on investments			10	36,063		1,303	187,131	224,497	14,214
Net income/(expenditure)				58,251		3,347	179,633	241,231	18,781
Net movement in funds				58,251		3,347	179,633	241,231	18,781
Reconciliation offunds:
Total funds brought forward				687,993	114,700		1,894,897	2,697,590	2,701,256
Prior year adjustment			13	22,447				22,447
Total funds carried forward				768,691	118,047		2,074,530	2,961,268	2,720,037

					Income	Extraordinary	Extraordinary	Endowment	Total	Total
				Note	Fund	Repairs	Fund	Fund	2021	2020
					E	F
									(As restated)
Fixed Assets
Freehold Land		and Buildings		7	180,831			680,000	860,831	702,447
Solar Panels				8	3 9'I1				3,911	4,888
Investment	Property			9				7,500	7,500	7,500
Listed Investments				10	475,320	118,016		1,395,901	1,989,237	1,772,472
					660,062	118,016		2,083,401	2,861,479	2,487,307
Current Assets
Debtors					4,728				4,728	3,869
Balances at	Bank:
Deposit					80,784				80,784	80,776
Current					29,525		194	(6,935)	22,784	167,850
Total current		assets			115,037		194	(6,935)	108,296	252,495
Liabilities				12
Creditors: Amounts			due within	1 year	6,408		163	1,936	8,507	19,765
Net Current	Assets				108,629		31	(8,871)	99,789	232,730
Net Assets					768,691	118,047		2,074,530	2,961,268	2,720,037
The funds of		the charity:
Permanent	endowment							2,074,530	2,074,530	1,894,897
Extraordinary		repairs	fund			118,047			118,047	114,700
Unrestricted	income		funds		768,691				768,691	710,440
					768,691	118,047		2,074,530	2,961,268	2,720,037

Almsho	use	Running Costs
					2021	2020
					E
					(As	restated)
Insurance					1,404	1,364
Garden	Maintenance				4,280	4,114
Water,	Council Tax and Electric				12,402	8,393
Lifeline	and	Smoke Alarm System			111	634
Repairs	and	Renewals			5,007	16,516
Professional		fees re proposed	additional	Almshouse	4,800	7,527
Sundry	Expenses				926	1,212
					28,930	39,760

Other Charitable Expenditure	Other Charitable Expenditure	2021	2020
		F	E
Grants to Organisations		5,000	5,500
Grants to 23 individuals	(2020 - 22 )	10,800	8,991
		15,800	14,491
Grants to Organisations	were as follows:
Nether Stowe School		5,000
Lichfield Food Bank			500
St Giles Hospice			5,000
		5,000	5,022

				2021	2020
				F	F
					(As restated)
13Bungalows	known as William		Lunns Homes
At 1 January	2021			702,447	680,000
Add remodelling/refubishment		expenditure		158,384	22,447
				860,831	702,447

8 Solar Pan	els
		2021	2020
		f.	E
At cost		9,773	9,773
Depreciation	at 1 January 2021	4,885	3,908
Depreciation	charge for the year	977	977
Depreciation	at 31 December 2021	5,862	4,885
Net book value at 31 December 2021		3,911	4,888

										2021	2020
										F	E
Land	at	Darnford-At	1	January	2021	and	31	December	2021	7,500	7,500

							2021	2020
							F	E
Listed UK		Investments					1,934,566	1,704,842
Investment		Portfolio Cash					54,671	67,630
							1,989,237	1,772,472
				Income	Extraordinary		Endowment	Total	Total
				Fund	Repairs	Fund	Fund	2021	2020
				E	E		E	E
Investments		held at 01.01.21		431,766	91,750		1,181,326	1,704,842	1,829,511
Additions	at cost			59,742	19,972		48,870	128,584	304,339
Disposals		at carrying	value	(74,741)			(48,616)	(123,357)	(443,222)
Add net gain/(loss) on			revaluation	36,063		1,303	187,131	224,497	14,214
Investments		held at 31.12.21		452,830	113,025		1,368,711	1,934,566	1,704,842

				2021	2020
				E	F
Maintenance		Contributions	Receivable	618	1,032
Other Debtors and Prepayments				1,224	360
Investment		Income		2,886	2,477
				4,728	3,869
12 Creditors
				2021	2020
					E
Creditors	and accrued expenses			8,507	19,765
Permanent	endowment			1,936	1,771
Extraordinary		repairs fund		163	166
Unrestricted		income funds		6,408	17,828
				8,507	19,765