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|||PAGE|
|---|---|---|
|Annual<br>Report||1-3|
|independent<br>Examiners|Report||
|Statement of Financial|Activities||
|Balance Sheet|||
|Notes to the Accounts||7-9|





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|Trustees:||||||||||
|---|---|---|---|---|---|---|---|---|---|
|The Charity|trustees|who served<br>during the year and their|||||appointing<br>bodies are:|||
|W M Henwood|||Chairman<br>from||7 March 2022|||Co-optative||
|J Russell|||Chairman<br>to 7||March 2022|||Co-optative||
|TJ Roach|||Vice chairman|||||Co-optative||
|J Checkland|||appointed<br>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<br>8 March|||2022||Co-optative||
|C R Stokes||||||||Co-optative||
|M A Warfield||||||||Co-optative||
|R P Yardley|||terminated<br>17|May||2022||Ex- officio||
|Principal Address:|||S R James|||||||
||||The Clerk|||||||
||||Lichfield<br>Municipal|||Charities||||
||||St Mary's Chambers|||||||
||||5 Breadmarket||Street|||||
||||Lichfield|||||||
||||WS136LQ|||||||
|Website:|||www. lichfieldmunici|||al.or|.uk|||
|Registered|Charity Number:||254299|||||||
|Principal<br>Bankers:|||CAF Bank Ltd|||||||
||||25 Kings Hills Avenue|||||||
||||Kings<br>Hill|||||||
||||West Mailing|||||||
||||ME194JQ|||||||
|Independent|Examiner:||A P Morris FCA|||||||
||||of Dains Audit|Ltd||||||
||||Chartered<br>Accountants|||||||
||||StJohns Court|||||||
||||Wiltell Road|||||||
||||Lichfield|||||||
||||Staffs|||||||
||||WS149DS|||||||
|Investment|Advisers:||Brewin<br>Dolphin||Securities||Ltd|||
||||9 Colmore Row|||||||
||||Birmingham|||||||
||||B32BJ|||||||





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|YEAR ENDED 31 DECEMB|ER 202|2|||||||
|---|---|---|---|---|---|---|---|---|
||||Income|Extraordinary||Endowment|Total|Total|
|||Note|Fund<br>F|Repairs <br>E|Fund|Fund|2022|2021f|
|Income and endowments<br>from:|||||||||
|Charitable<br>activities|||||||||
|Maintenance<br>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<br>on:|||||||||
|Almshouse<br>running<br>costs|||30,608||||30,608|28,930|
|Other charitable<br>expenditure|||8,543||||8,543|15,800|
|Investment<br>management<br>charges|||2,323||627|7,354|10,304|10,771|
|Insurance<br>etc re land at Darnford|||324||||324|321|
|Clerk's salary|||14,935||||14,935|14,375|
|Independent<br>examiner's<br>fees|||2,604||||2,604|2,436|
|Sundry expenses|||1,251||||1,251|1,143|
|Depreciation<br>-Solar panels|||977||||977|977|
|Total|||61,565||627|7,354|69,546|74,753|
|Gains/(losses)<br>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<br>in funds|||(12,372)|(11,853)||(143,274)|(167,499)|241,231|
|Reconciliation<br>offunds:|||||||||
|Total funds<br>brought<br>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|





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||||Income|Extraordinary|Extraordinary|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|---|
|||Note|Fund|Repairs|Fund|Fund|2022|2021|
||||F|F|||||
|Fixed Assets|||||||||
|Freehold<br>Land and|Buildings|7|284,565|||680,000|964,565|860,831|
|Solar Panels||8|2934||||2,934|3,911|
|Investment<br>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<br>endowment||||||1,931,256|1,931,256|2,074,530|
|Extraordinary<br>repairs|fund|||106,194|||106,194|118,047|
|Unrestricted<br>income|funds||756,319||||756,319|768,691|
||||756,319|106,194||1,931,256|2,793,769|2,961,268|





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|F|OR THE|YEAR ENDED 31 DECEMBER 2022|YEAR ENDED 31 DECEMBER 2022|||
|---|---|---|---|---|---|
|4|Other|Charitable<br>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|



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|||||||2022|2022|2021|
|---|---|---|---|---|---|---|---|---|
|||||||F||E|
|12 Bungalows||known as William|Lunns|Homes|||||
|At 1 January||2021||||860,831||702,447|
|Add remodelling/refubishment<br>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<br>1 January 2022 and||||31 December 2022|||7,500|7,500|





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||||||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<br>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)<br>on revaluation<br>Investments<br>held at 31.12.22|||(37,794)<br>374,746|(13,969)<br>99,967|(135,920)<br>1,244,992|(187,683)<br>1,719,705|224,497<br>1,934,566|



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|||||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|



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