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|||PAGE|
|---|---|---|
|Annual
Report||1-3|
|Independent
Examiners|Report||
|Statement
of Financial|Activities||
|Balance Sheet|||
|Notes to the Accounts||7-9|
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##
|The Charity trustees
who|The Charity trustees
who|served
during
t|he ye|ar|and thei|r appointing|bodies are:|bodies are:|
|---|---|---|---|---|---|---|---|---|
|W M Henwood||Chairman|||||Co-optative||
|C P Earnshaw||Vice chairman|from|5|September 2023||Co-optative||
|TJ Roach||Vice chairman|||||Co-optative||
|J Checkland||terminated
June 2023|||||Ex- officio||
|J M Eagland|||||||Co-optative||
|M Field||appointed
October||2023|||Lichfield|City Council|
|J A Greaves|||||||Lichfield|City Council|
|D Greatorex|||||||Lichfield|City Council|
|Dr A Hughes||appointed
June 2023|||||Ex- officio||
|PSJones||terminated
June 2023|||||Lichfield|City Council|
|CJ McNeill||resigned
April|2024||||Co-optative||
|J Russell|||||||Co-optative||
|N G Sedgwick|||||||Co-optative||
|R Shaw||terminated
June 2023|||||Co-optative||
|C R Stokes|||||||Co-optative||
|M A Warfield||terminated
November|||2023||Co-optative||
|Principal Address:||S RJames|||||||
|||The Clerk Lichfield||Municipal||Charities|||
|||Bank House Farm|||||||
|||Woodhouses|||||||
|||Yoxall|||||||
|||Staffs|||||||
|||DE138NR|||||||
|Website:||www. lichfieldmunici||al.or .uk|||||
|Registered|Charity No:|254299|||||||
|Principal Bankers:||CAF Bank Ltd|||||||
|||25 Kings Hills|Avenue||||||
|||Kings
Hill|||||||
|||West Mailing|||||||
|||ME194JQ|||||||
|Independent|Examiner:|M Gurney FCCA, DChA|||||||
|||of Dains Audit|Ltd||||||
|||Chartered
Accountants|||||||
|||StJohns Court|||||||
|||Wiltell Road|||||||
|||Lichfield|||||||
|||WS149DS|||||||
|Investment|Advisers:|RBC Brewin|Dolphin||||||
|||6th floor, The|Chatwin||Building||||
|||81,Colmore Row|||||||
|||Birmingham|||||||
|||B32BA|||||||
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|YEAR ENDED 31 DECE|MB|ER 202|3|||||||
|---|---|---|---|---|---|---|---|---|---|
|||||Income|Extraordinary||Endowment|Total|Total|
||||Note|Fund
6|Repairs
6|Fund|Fund
f|2023|2022f|
|Income and endowments|from:|||||||||
|Charitable
activities||||||||||
|Maintenance
contributions||receivable||52,857||||52,857|44,655|
|Investments||||||||||
|Income from listed investments|||2|49,055||4,274||53,329|44,547|
|Deposit interest and similar||income||2,312||||2,312|163|
|Rental income||||365||||365|365|
|Donations
and Legacies||||||||||
|Legacy - RS Owen||||85,918||||85,918||
|Roger Hinton's
Charity||||900||||900||
|Other donation||||200||||200||
|Total||||191,607||4,274||195,881|89,730|
|Expenditure
on:||||||||||
|Almshouse
running
costs||||34,302||||34,302|30,608|
|Other charitable
expenditure||||10,011||||10,011|8,543|
|Investment
management|charges|||2,314||614|7,365|10,293|10,304|
|Insurance etc re land at Darnford||||326||||326|324|
|Clerk's salary||||15,882||||15,882|14,935|
|Independent
examiner's
fees||||2,874||||2,874|2,604|
|Sundry expenses||||1,591||||1,591|1,251|
|Impairment
review||||2,934||||2,934||
|Depreciation
-Solar panels||||2,691||||2,691|977|
|Total||||72,925||614|7,365|80,904|69,546|
|Gains/(losses)
on investments|||10|4,949||1,250|62,910|69,109|(187,683)|
|Net income/(expenditure)||||123,631||4,910|55,545|184,086|(167,499)|
|Net movement
in funds||||123,631||4,910|55,545|184,086|(167,499)|
|Reconciliation
offunds:||||||||||
|Total funds brought
forward||||756,319|106,194||1,931,256|2,793,769|2,961,268|
|Total funds carried forward||||879,950|111,104||1,986,801|2,977,855|2,793,769|
##
|||||Income|Extraordinary|Extraordinary|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
||||Note|Fund
E|Repairs
8|Fund|Fund|2023
f|2022|
|Fixed Assets||||||||||
|Freehold
Land|and Buildings||7|284,565|||680,000|964,565|964,565|
|Solar Panels|||8|24,220||||24,220|2,934|
|Investment
Property|||9||||7,500|7,500|7,500|
|Listed Investments|||10|540,197|110,826||1,307,616|1,958,639|1,743,811|
|||||848,982|110,826||1,995,116|2,954,924|2,718,810|
|Current Assets||||||||||
|Debtors||||6,350||||6,350|3,804|
|Balances at Bank:||||||||||
|Deposit||||18,081||||18,081|25,810|
|Current||||17,280||432|(6,479)|11,233|58,208|
|Total current|assets|||41,711||432|(6,479)|35,664|87,822|
|Liabilities|||12|||||||
|Creditors: Amounts||due within|1 year|10,743||154|1,836|12,733|12,863|
|Net Current Assets||||30,968||278|(8,315)|22,931|74,959|
|Net Assets||||879,950|111,104||1,986,801|2,977,855|2,793,769|
|The funds of|the charity:|||||||||
|Permanent
endowment|||||||1,986,801|1,986,801|1,931,256|
|Extraordinary|repairs|fund|||111,104|||111,104|106,194|
|Unrestricted
income||funds||879,950||||879,950|756,319|
|||||879,950|111,104||1,986,801|2,977,855|2,793,769|
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|4|Other|Charitable|Expenditure|Expenditure|2023|2022|
|---|---|---|---|---|---|---|
||||||E|E|
||Grants|to 18individuals||(2022 - 18)|10,011|8,543|
||||||10,011|8,543|
|No expenses|were paid to any tr|were paid to any tr|ustee
during
the year.(20|
22- nil)||
|---|---|---|---|---|---|
|7 Freehold|Land and Buildings|||||
|||||2023|2022|
|||||E||
|12 Bungalows|known as William||Lunns Homes|||
|At 1 January|2023|||964,565|860,831|
|Add remodelling/refubishment||expenditure|||103,734|
|||||964,565|964,565|
|8 Solar Panels||||||
|||||2023|2022|
|At cost 1 January 2023||||9,773|9,773|
|Additions||||26,911||
|Cost 31 December 2023||||36,684|9,773|
|Depreciation|at 1 January 2023|||6,839|5,862|
|Depreciation|charge for the|year||2,691|977|
|Impairment||||2,934||
|Depreciation|at 31 December 2023|||12,464|6,839|
|Net book value at 31 December 2023||||24,220|2,934|
##
|10Listed|Investment|s||||||
|---|---|---|---|---|---|---|---|
||||||2023|2022||
||||||6|6||
|Listed UK|Investments||||1,940,480|1,719,705||
|Investment|Portfolio Cash||||18,159|24,106||
||||||1,958,639|1,743,811||
||||income|Extraordinary|Endowment|Total|Total|
||||Fundf|Repairs Fund
6|Fund
6|2023
6|2022f|
|Investments
held at01.01.23|||374,746|99,967|1,244,992|1,719,705|1,934,566|
|Additions|at cost||167,277|27,905|258,976|454,158|134,717|
|Disposals|at carrying|value|(14,147)|(27,280)|(261,065)|(302,492)|(161,895)|
|Add net gain/(loss)
on revaluation
Investments
held at 31.12.23|||4,949
532,825|1,250
101,842|62,910
1,305,813|69,109
1,940,480|(187,683)
1,719,705|
##
|11 Debto|rs||||||
|---|---|---|---|---|---|---|
||||||2023|2022|
||||||6|6|
|Maintenance|||Contributions|Receivable|685|1,170|
|Other Debtors and Prepayments|||||1,373||
|Investment||Income|||4,292|2,634|
||||||6,350|3,804|
|12 Creditors|||||||
||||||2023|2022|
||||||6|F|
|Creditors|and||accrued expenses||12,733|12,863|
|Permanent||endowment|||1,836|1,839|
|Extraordinary|||repairs fund||154|156|
|Unrestricted||income funds|||10,743|10,868|
||||||12,733|12,863|
##
|13Anal|ysis of Net Assets Be|tween Funds||||
|---|---|---|---|---|---|
|||Accumulated|Extraordinary|Endowment|Total|
|||Income Fund|Repairs|Fund|2022|
||||Fund|||
|||E||||
|Fixed Assets||672,678|106,155|1,939,977|2,718,810|
|Current|Assets|94,509|195|(6,882)|87,822|
|Current|Liabilities|(10,868)|(156)|(1,839)|(12,863|
|Fund Balance||756,319|106,194|1,931,256|2,793,769|