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2021-12-31-accounts

Co-opted Trustees Co-opted Trustees Mrs J Honnoraty - Chairman - Chairman
Mr A Atkins (retired January 2021)
Mrs S Brown
Mrs S Hunt
Mr J Atkinson
Mrs M Littlejohn
Mrs
Eslick (appointed		 24June 2021)
Nominative Trustees Cllr M Ashford
Cllr R Edgington
Cllr P Birdi
Ex-ofAcio Trustees Reverend
Dr V Roberts
Reverend
L Duckers
Reverend
DThompson
Clerk to Charity Mr C E R Houghton
Charity number 256447
Principal address C/0 Moore &Tibbits
34 High Street
Warwick
Warwickshire
CV34 4BE
Independent examiners Burgis &Bullock
23-25 Waterloo Place
Leamington
Spa
CV32 5LA
Bankers Lloyds TSBBank pic
10-12Swan Street
Warwick
CV34 4BT
Solicitors Moore &Tibbits
34 High Street
Warwick
CV34 4BE

Page
Trustees'
report		 1-2
Independent examiner's report
Statement of financial activities 4-6
Balance sheet
Notes tothe financial statements 8-19

Current financial year
Unrestricted Unrestricted Endowment Total Total
funds funds funds
general Designated
2021 2021 2021 2021 2020
Notes f f f f
Income and endowments from:
Charitable
activities
Grant income 3,000
Investments 184,595 184,595 176,650
Other income 761 761 500
Total income 185,356 185,356 180,150
Ex enditure on:
Charitable
activities
Grants payable 122,486 122,486 107,913
Insurance 4,980 4,980 5,475
Repairs and renewals 7,029 7,987 15,016 8,519
Painting contributions 1,800 1,800 1,800
Legal and professional fees 813 813 1,967
Total charitable
expenditure		 137,108 7,987 145,095 125,674
Sundry expenditure 142
Governance
and Administration
costs 21,510 1,152 13,211 35,873 33,826
Total resources expended 158,618 9,139 13,211 180,968 159,642
Surplus/deficit
from general activities		 26,738 (9,139) (13,211) 4,388 20,508
Net gains/(losses)
on investments		 9 55,700 36,834 250,116 342,650 61,299
Net incoming resources before transfers 82,438 27,695 236,905 347,038 81,807

Unrestricted Unrestricted Endowment Total Total
funds funds funds
general Designated
2021 2021 2021 2021 2020
Notes f f f f f
Net incoming resources before transfers 82,438 27,695 236,905 347,038 81,807
Gross transfers between funds (20,000) 20,000
Net movement in funds 62,438 47,695 236,905 347,038 81,807
Fund balances at 1January 2021 66,798 149,426 4,017,454 4,233,678 4,151,871
Fund balances at 31December 2021 129,236 197,121 4,254,359 4,580,716 4,233,678

Prior financial year
Unrestricted Unrestricted Endowment Total
funds funds funds
general Designated
2020 2020 2020 2020
Notes f f f f
Income and endowments from:
Charitable
activities
Grant income 3,000 3,000
Investments 176,650 176,650
Other income 500 500
Total income 180,150 180,150
Charitable
activities
Grants payable 107,913 107,913
Insurance 5,475 5,475
Repairs and renewals 8,519 8,519
Painting
contributions		 1,800 1,800
Legal and professional fees 1,967 1,967
Total charitable
expenditure		 125,674 125,674
Sundry expenditure 142 142
Governance
and Administration		 costs 21,019 925 11,882 33,826
Total resources expended 146,835 925 11,882 159,642
Net gains/(losses)
on investments		 2,302 (11,689) 70,686 61,299
Net incoming resources before transfers 35,617 (12,614) 58,804 81,807
Gross transfers
between		 funds (15,000) 15,000
Net movement
in funds		 20,617 2,386 58,804 81,807
Fund balances at 1January 2020 46,181 147,040 3,958,650 4,151,871
Fund balances at 31December 2020 66,798 149,426 4,017,454 4,233,678

2021 2020
Notes f
Fixed assets
Investment properties 10 1,999,876 1,898,501
Investments 11 2,550,755 2,301,461
4,550,631 4,199,962
Current assets
Debtors 12,574 13,595
Cash at bank and in hand 71,981 72,955
84,555 86,550
Creditors: amounts falling due within
one year 14 (54,470) (52,834)
Net current. assets 30,085 33,716
Total assets less current liabilities 4,580,716 4,233,678
Capital funds
Endowment funds 4,254,359 4,017,454
Income funds
Unrestricted funds - Designated 197,121 149,426
General unrestricted funds 129,236 66,798
4,580,716 4,233,678

Grant Grant
income income
2021 2020
f f
Grants received 3,000
Investments
Unrestricted Unrestricted
funds funds
general general
2021 2020
f f
Rental income 132,037 125,476
Income from listed investments 49,380 47,920
Income from unlisted investments 3,178 3,254
184,595 176,650

Unrestricted Unrestricted
funds funds
general general
2021 2020
f
761 500

Grants Grants
payable payable
2021 2020
f f
Grants to institutions:
Music of Life Foundation 2,500
Chase Meadow Community 4,000
Woodloes Primary 1,007
Graham
Fulford Charitable		 Trust 2,500
New Life Church 3,500
Citizens Advice SW 19,000 14,000
St Mary Immaculate Primary School 5,000 2,500
The Percy Estate - "The Gap" 49,850 48,000
Lord Leycester Hospital 5,000
SWFT Charities
Covid		 19Appeai 1,000
Warwick Ambulance Association 1,500 1,500
Central
Building &Welding		 Academy 6,000
MacMillan
Cancer Support		 2,500
Air Ambulance 2,500
Happy Days 1,079
Armonico
Consort		 2,500
Myton Hospices 290 2,500
Thomas Oken &Nicholas Eyffler (Springfield Mind) 10,000 5,000
99,226 94,000
Grants to individuals 23,260 13,915
122,486 107,915

Unrestricted Unrestricted Endowment Total Total
funds funds funds 2021 2020
general Designated E
Clerk's fees 18,000 18,000 18,000
Accountant's fees 1,825 1,825 1,570
Independent Examination 1,685 1,685 1,449
Brokers fees 1,152 13,211 14,363 13,142
21,510 1,152 13,211 35,873 33,826
For the year ended 31December
2020 21,019 925 11,882 33,826
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Investment
property
2021
f
Fair value
At 1January 2021 1,898,501
Net gains or losses through fair value adjustments 101,375
At 31December 2021 1,999,876
Investment
property		 at current value includes: at current value includes:
23/23A Market Place Warwick f495,000
20 Swan Street Warwick f415,000
StJohn's
Hall		 f300,000
10-12Swan Street f788,501

Listed COIF and Cash in Total
investments Charibond portfolio
shares
f
Cost or valuation
At 1January 2021 2,020,111 179,610 101,740 2,301,461
Additions 480,628 480,628
Valuation
changes		 214;483 27,285 542,207 783,975
Disposa Is (469,581) (545,728) (1,015,309)
At 31December 2021 2,245,641 206,895 98,219 2,550,755
Carrying amount
At 31December 2021 2,245,641 206,895 98,219 2,550,755
At 31December 2020 2,020,111 179,610 101,740 2,301,461

12 Financial instruments Financial instruments 2021 2020
f f
Carrying amount offinancial assets
Instruments
measured		 at fair value through net income/expenditure
(Investments
j		 2,452,536 2,199,721
13 Debtors
2021 2020
Amounts
falling due within one year:		 f f
Other debtors 12,574 13,595
14 Creditors: amounts falling due within one year
2021 2020
Notes f f
Other taxation and social security 3,714 3,672
Grant commitments 5,000
Rent received
in advance		 27,256 27,462
Other creditors 17,600 10,800
Accruals and deferred income 5,900 5,900
54,470 52,834
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18 Cash generated
from activities		 2021 2020
f
Surplus for the year 347,038 81,807
Adjustments
for:
(Gain)/loss
on disposal ofinvestments		 (2,035) 65,214
Fair value gains and losses on investment properties (101,375) (1,380)
Fair value gains and losses on investments (239,733) (125,134)
Movements
in working
capital:
Decrease/(increase)
in debtors		 1,021 (9,805)
Increase
in creditors		 1,636 1,959
(Decrease)/increase
in deferred
income		 332
Cash generated
from general activities		 6,552 12,993
Purchase of investments (480,628) (625,901)
Proceeds on disposal of investments 469,581 624,024
(Decrease) in cash balances
in the year		 (4,495) 11,116
Made up of:
Decrease in cash held at bank (974) 5,974
Decrease in cash held in investment portfolio (3,521) 5,142