| PAGE | ||
|---|---|---|
| Annual Report |
1-3 | |
| independent Examiners |
Report | |
| Statement of Financial | Activities | |
| Balance Sheet | ||
| Notes to the Accounts | 7-9 |
| Trustees: | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| The Charity | trustees | who served during the year and their |
appointing bodies are: |
||||||
| W M Henwood | Chairman from |
7 March 2022 | Co-optative | ||||||
| J Russell | Chairman to 7 |
March 2022 | Co-optative | ||||||
| TJ Roach | Vice chairman | Co-optative | |||||||
| J Checkland | appointed 17 |
May 2022 | Ex- officio | ||||||
| J M Eagland | Co-optative | ||||||||
| C P Earnshaw | Co-optative | ||||||||
| J A Greaves | Lichfield | City Council | |||||||
| D Greatorex | Lichfield | City Council | |||||||
| P SJones | Lichfield | City Council | |||||||
| CJ McNeill | Co-optative | ||||||||
| N G Sedgwick | Co-optative | ||||||||
| R Shaw | appointed 8 March |
2022 | Co-optative | ||||||
| C R Stokes | Co-optative | ||||||||
| M A Warfield | Co-optative | ||||||||
| R P Yardley | terminated 17 |
May | 2022 | 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 Audit | Ltd | ||||||||
| Chartered Accountants |
|||||||||
| StJohns Court | |||||||||
| Wiltell Road | |||||||||
| Lichfield | |||||||||
| Staffs | |||||||||
| WS149DS | |||||||||
| Investment | Advisers: | Brewin Dolphin |
Securities | Ltd | |||||
| 9 Colmore Row | |||||||||
| Birmingham | |||||||||
| B32BJ |
| YEAR ENDED 31 DECEMB | ER 202 | 2 | ||||||
|---|---|---|---|---|---|---|---|---|
| Income | Extraordinary | Endowment | Total | Total | ||||
| Note | Fund F |
Repairs E |
Fund | Fund | 2022 | 2021f | ||
| Income and endowments from: |
||||||||
| Charitable activities |
||||||||
| Maintenance contributions |
receivable | 44,655 | 44,655 | 45,372 | ||||
| Investments | ||||||||
| Income from listed investments | 2 | 41,804 | 2,743 | 44,547 | 44,945 | |||
| Deposit interest and similar | income | 163 | 163 | 7 | ||||
| Rental income | 365 | 365 | 365 | |||||
| Other | 798 | |||||||
| Total | 86,987 | 2,743 | 89,730 | 91,487 | ||||
| Expenditure on: |
||||||||
| Almshouse running costs |
30,608 | 30,608 | 28,930 | |||||
| Other charitable expenditure |
8,543 | 8,543 | 15,800 | |||||
| Investment management charges |
2,323 | 627 | 7,354 | 10,304 | 10,771 | |||
| Insurance etc re land at Darnford |
324 | 324 | 321 | |||||
| Clerk's salary | 14,935 | 14,935 | 14,375 | |||||
| Independent examiner's fees |
2,604 | 2,604 | 2,436 | |||||
| Sundry expenses | 1,251 | 1,251 | 1,143 | |||||
| Depreciation -Solar panels |
977 | 977 | 977 | |||||
| Total | 61,565 | 627 | 7,354 | 69,546 | 74,753 | |||
| Gains/(losses) on investments |
10 | (37,794) | (13,969) | (135,920) | (187,683) | 224,497 | ||
| Net income/(expenditure) | (12,372) | (11,853) | (143,274) | (167,499) | 241,231 | |||
| Net movement in funds |
(12,372) | (11,853) | (143,274) | (167,499) | 241,231 | |||
| Reconciliation offunds: |
||||||||
| Total funds brought forward |
768,691 | 118,047 | 2,074,530 | 2,961,268 | 2,720,037 | |||
| Total funds carried forward | 756,319 | 106,194 | 1,931,256 | 2,793,769 | 2,961,268 |
| Income | Extraordinary | Extraordinary | Endowment | Total | Total | |||
|---|---|---|---|---|---|---|---|---|
| Note | Fund | Repairs | Fund | Fund | 2022 | 2021 | ||
| F | F | |||||||
| Fixed Assets | ||||||||
| Freehold Land and |
Buildings | 7 | 284,565 | 680,000 | 964,565 | 860,831 | ||
| Solar Panels | 8 | 2934 | 2,934 | 3,911 | ||||
| Investment Property |
9 | 7,500 | 7,500 | 7,500 | ||||
| Listed Investments | 10 | 385,179 | 106,155 | 1,252,477 | 1,743,811 | 1,989,237 | ||
| 672,678 | 106,155 | 1,939,977 | 2,718,810 | 2,861,479 | ||||
| Current Assets | ||||||||
| Debtors | 3,804 | 3,804 | 4,728 | |||||
| Balances at Bank: | ||||||||
| Deposit | 25,810 | 25,810 | 80,784 | |||||
| Current | 64,895 | 195 | (6,882) | 58,208 | 22,784 | |||
| Total current assets | 94,509 | 195 | (6,882) | 87,822 | 108,296 | |||
| Liabilities | 12 | |||||||
| Creditors: Amounts | due within | 1 year | 10,868 | 156 | 1,839 | 12,863 | 8,507 | |
| Net Current Assets | 83,641 | 39 | (8,721) | 74,959 | 99,789 | |||
| Net Assets | 756,319 | 106,194 | 1,931,256 | 2,793,769 | 2,961,268 | |||
| The funds ofthe charity: | ||||||||
| Permanent endowment |
1,931,256 | 1,931,256 | 2,074,530 | |||||
| Extraordinary repairs |
fund | 106,194 | 106,194 | 118,047 | ||||
| Unrestricted income |
funds | 756,319 | 756,319 | 768,691 | ||||
| 756,319 | 106,194 | 1,931,256 | 2,793,769 | 2,961,268 |
| F | OR THE | YEAR ENDED 31 DECEMBER 2022 | YEAR ENDED 31 DECEMBER 2022 | ||
|---|---|---|---|---|---|
| 4 | Other | Charitable Expenditure |
2022 | 2021 | |
| F | E | ||||
| Grants | to Organisations: | Nether Stowe School | 5,000 | ||
| Grants | to 18 individuals | (2021 —23 ) | 8,543 | 10,800 | |
| 8,543 | 15,800 |
| 2022 | 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|---|
| F | E | |||||||
| 12 Bungalows | known as William | Lunns | Homes | |||||
| At 1 January | 2021 | 860,831 | 702,447 | |||||
| Add remodelling/refubishment expenditure |
103,734 | 158,384 | ||||||
| 964,565 | 860,831 | |||||||
| 8 Solar Panels | ||||||||
| 2022 | 2021 | |||||||
| F | F | |||||||
| At cost | 9,773 | 9,773 | ||||||
| Depreciation | at 1 January 2022 | 5,862 | 4,885 | |||||
| Depreciation | charge for the year | 977 | 977 | |||||
| Depreciation | at 31 December 2022 | 6,839 | 5,862 | |||||
| Net book value at 31 December | 2022 | 2,934 | 3,911 | |||||
| The solar panels were financed | by a donation | from Low Carbon | Lichfield | and are | being | |||
| depreciated | over 10years on a straight | line basis. | ||||||
| 9 Investment | Property | |||||||
| 2022 | 2021 | |||||||
| F | E | |||||||
| Land at Darnford-At 1 January 2022 and |
31 December 2022 | 7,500 | 7,500 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| E | E | ||||||
| Listed UK | Investments | 1,719,705 | 1,934,566 | ||||
| Investment | Portfolio Cash | 24,106 | 54,671 | ||||
| 1,743,811 | 1,989,237 | ||||||
| Income | Extraordinary | Endowment | Total | Total | |||
| Fund | Repairs Fund | Fund | 2022 | 2021 | |||
| F | F | E | |||||
| Investments held at 01.01.22 |
452,830 | 113,025 | 1,368,711 | 1,934,566 | 1,704,842 | ||
| Additions | at cost | 19,072 | 20,071 | 95,574 | 134,717 | 128,584 | |
| Disposals | at carrying | value | (59,362) | (19,160) | (83,373) | (161,895) | (123,357) |
| Add net gain/(loss) on revaluation Investments held at 31.12.22 |
(37,794) 374,746 |
(13,969) 99,967 |
(135,920) 1,244,992 |
(187,683) 1,719,705 |
224,497 1,934,566 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| E | |||||
| Maintenance | Contributions | Receivable | 1,170 | 618 | |
| Other Debtors and Prepayments | 1,224 | ||||
| Investment | Income | 2,634 | 2,886 | ||
| 3,804 | 4,728 | ||||
| 12 Creditors | |||||
| 2022 | 2021 | ||||
| E | E' | ||||
| Creditors | and accrued expenses | 12,863 | 8,507 | ||
| Permanent | endowment | 1,839 | 1,936 | ||
| Extraordinary | repairs fund | 156 | 163 | ||
| Unrestricted | income funds | 10,868 | 6,408 | ||
| 12,863 | 8,507 |