| Co-opted Trustees | Co-opted Trustees | MrsjHonnoraty | -Chairman |
|---|---|---|---|
| Mrs SBrown | |||
| Ms 5 Hunt | |||
| Mr 3Atkinson | |||
| Mrs M Littlejohn | |||
| Mrs 3 Eslick | |||
| Nominative | Trustees | Cllr D Browne | |
| Cllr P Wightman | |||
| Ex-officio Trustees | Reverend Dr V Roberts (Resigned January 2023) |
||
| Reverend LDuckers |
|||
| Reverend DThompson |
|||
| Clerk to Charity | Mr C E R Houghton | ||
| Charity number | 256447 | ||
| Principal address | C/0 Moore &Tibbits | ||
| 34 High Street | |||
| Warwick | |||
| Warwickshire | |||
| CV344BE | |||
| Independent | examiners | Burgis &Bullock | |
| 23-25Waterloo Place | |||
| Leamington Spa |
|||
| CV32 5LA | |||
| Bankers | Lloyds TSBBank pic | ||
| 10-12Swan Street | |||
| Warwick | |||
| CV344BT | |||
| Solicitors | Moore &Tibbits | ||
| 34 High Street | |||
| Warwick | |||
| CV344BE |
| 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 | |||||||
| 2022 | 2022 | 2022 | 2021 | |||||
| Notes | f | f | f | f | ||||
| Income and endowments | from: | |||||||
| Charitable activities |
||||||||
| Investments | 193,663 | 5,141 | 198,804 | 184,595 | ||||
| Otherincome | 761 | |||||||
| Total income | 193,663 | 5,141 | 198,804 | 185,356 | ||||
| Charitable activities |
||||||||
| Grants payable | 152,283 | 152,2&3 | 122,486 | |||||
| Insurance | 8,790 | 8,790 | 4,980 | |||||
| Repairs and renewals | 8,659 | 8,659 | 15,016 | |||||
| Painting contributions | 1,800 | 1,800 | 1,&00 | |||||
| Legal and professional | fees | 4,928 | 4,928 | 813 | ||||
| Total charitable expenditure |
176,460 | 176,460 | 145,095 | |||||
| Governance and Administration |
||||||||
| costs | 23,929 | 1,502 | 13,036 | 38,467 | 35,873 | |||
| Total resources expended | 200,389 | 1,502 | 13,036 | 214,927 | 180,96& | |||
| Surplus/deficit from general activities |
(6,726) | 3,639 | (13,036) | (16,123) | 4,388 | |||
| Net gains/(losses) on investments |
8 | (4,033) | 7,322 | (230,797) | (227,508) | 342,650 | ||
| Net {outgoing)/incoming | resources before | |||||||
| transfers | (10,759) | 10,961 | (243,833) | (243,631) | 347,038 |
| Unrestricted | Unrestricted | Endowment | Total | Total | ||||
|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | ||||||
| general | Designated | |||||||
| 2022 | 2022 | 2022 | 2021 | |||||
| Notes | E | f | E | E | ||||
| Net (outgoing)/incoming | resources | before | ||||||
| transfers | (10,759) | 10,961 | (243,833) | (243,631) | 347,038 | |||
| Gross transfers | between | funds | (15,000) | 15,000 | ||||
| Net movement | in funds | (25,759) | 25,961 | (243,833) | (243,631) | 347,038 | ||
| Fund balances | at 1January 2022 | 129,236 | 197,121 | 4,254,359 | 4,580,716 | 4,233,678 | ||
| Fund balances | at31December 2022 | 103,477 | 223,082 | 4,010,526 | 4,337,085 | 4,580,716 |
| Prior financial year | ||||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Unrestricted | Endowment | Total | |||||
| funds | funds | funds | ||||||
| general | Designated | |||||||
| 2021 | 2021 | 2021 | ||||||
| Notes | f | f | f | |||||
| Income and endowments | from: | |||||||
| Charitable activities |
||||||||
| investments | 184,595 | 184,595 | ||||||
| Otherincome | 761 | 761 | ||||||
| Total income | 185,356 | 185,356 | ||||||
| Charitable activities |
||||||||
| Grants payable | 122,486 | 122,486 | ||||||
| insurance | 4,980 | 4,980 | ||||||
| Repairs and renewals | 7,029 | 7,987 | 15,016 | |||||
| Painting contributions | 1,800 | 1,800 | ||||||
| Legal and professional | fees | 813 | 813 | |||||
| Total charitable expenditure |
137,108 | 7,987 | 145,095 | |||||
| Governance and Administration |
costs | 21,510 | 1,152 | 13,211 | 35,873 | |||
| Total resources expended | 158,618 | 9,139 | 13,211 | 180,968 | ||||
| Net gains/(losses) on investments |
55,700 | 36,834 | 250,116 | 342,650 | ||||
| Net (outgoing)/incoming | resources before | transfers | 82,438 | 27,695 | 236,905 | 347,038 | ||
| Gross transfers between |
funds | (20,000) | 20,000 | |||||
| Net movement in funds |
62,438 | 47,695 | 236,905 | 347,038 | ||||
| Fund balances at 1January | 2021 | 66,798 | 149,426 | 4,017,454 | 4,233,678 | |||
| Fund balances at31December 2021 | 129,236 | 197,121 | 4,254,359 | 4,580,716 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | f | f | ||||||
| Fixed assets | ||||||||
| Investment | properties | 9 | 1,999,876 | 1,999,876 | ||||
| Investments | 10 | 2,330,451 | 2,550,755 | |||||
| 4,330,327 | 4,550,631 | |||||||
| Current assets | ||||||||
| Debtors | 12 | 5,438 | 12,574 | |||||
| Cash at bank | and in hand | 50,143 | 71,981 | |||||
| 55,581 | 84,555 | |||||||
| Creditors: amounts | falling due within | |||||||
| one year | 13 | (48,823) | (54,470) | |||||
| Net current assets | 6,758 | 30,085 | ||||||
| Total assets | less current liabilities | 4,337,085 | 4,580,716 | |||||
| Capital funds | ||||||||
| Endowment | funds | 4,010,526 | 4,254,359 | |||||
| Income funds | ||||||||
| Unrestricted | funds - Designated | 223,082 | 197,121 | |||||
| General unrestricted | funds | 103,477 | 129,236 | |||||
| 4,337,085 | 4,580,716 |
| Unrestricted | Unrestricted | Total | Unrestricted | |||
|---|---|---|---|---|---|---|
| funds | funds | funds | ||||
| general | Designated | general | ||||
| 2022 | 2022 | 2022 | 2021 | |||
| f | f | f | f | |||
| Rental | income | 138,204 | 138,204 | 132,037 | ||
| Income | from listed investments | 52,033 | 5,141 | 57,174 | 49,380 | |
| income | from unlisted | investments | 3,426 | 3,426 | 3,178 | |
| 193,663 | 5,141 | 19&,804 | 184,595 |
| Grants | Grants | ||
|---|---|---|---|
| payable | payable | ||
| 2022 | 2021 | ||
| E | E | ||
| Grants to institutions: | |||
| Friends ofMyton School | 2,500 | ||
| Evergreen School | 1,400 | ||
| Armonic Consort | 2,250 | ||
| Music of Life Foundation | 2,500 | ||
| Chase Meadow Community | 4,000 | ||
| Woodloes Primary | 1,007 | ||
| Lord Leycester Hospital Almshouses | 20,582 | 5,000 | |
| Warwick Young Carers | 5,000 | ||
| Citizens Advice SW | 14,000 | 19,000 | |
| St Mary Immaculate Primary School |
5,000 | ||
| The Percy Estate - "The Gap" | 52,356 | 49,850 | |
| Westgate Primary School |
425 | ||
| St Mary's Church Tower Refurbishment | 10,000 | ||
| Warwick Ambulance Association |
1,500 | ||
| Kingfisher Pools |
5,000 | ||
| Air Ambulance | 2,500 | ||
| Happy Days | 377 | 1,079 | |
| Myton Hospices | 3,000 | 290 | |
| Thomas Oken &Nicholas | Eyffler (SWW Mind) | 10,000 | 10,000 |
| 129,390 | 99,226 | ||
| Grants to individuals | 22,893 | 23,260 | |
| 152,283 | 122,486 |
| Unrestricted | Unrestricted | Endowment | Total | Total | ||
|---|---|---|---|---|---|---|
| funds | funds | funds | 2022 | 2021 | ||
| general | Designated | E | E | |||
| Clerk's fees | 20,000 | 20,000 | 18,000 | |||
| Accountant's | fees | 2,129 | 2,129 | 1,825 | ||
| Independent | Examination | 1,800 | 1,800 | 1,685 | ||
| Brokers fees | 1,502 | 13,036 | 14,538 | 14,363 | ||
| 23,929 | 1,502 | 13,036 | 38,467 | 35,873 | ||
| Forthe year | ended 31December | |||||
| 2021 | 21,510 | 1,152 | 13,211 | 35,873 |
| 8 | Net gains/(losses) | Net gains/(losses) | on investments | on investments | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted Unrestricted |
Endowment | Total Unrestricted | Unrestricted | Endowment | Total | |||||||
| funds | funds | funds | funds | funds | funds | |||||||
| general | Designated | general | Designated | |||||||||
| 2022 | 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | 2021 | |||||
| 6 | E | 6 | E | E | 8 | 8 | ||||||
| Revaluation | ofinvestments | (4,033) | 7,322 | (171,296) | (168,007) | 5,012 | 33,256 | 200,972 | 239,240 | |||
| Gain/(loss) | on sale | ofinvestments | (59,501) | (59,501) | 3+78 | (1,543) | 2,035 | |||||
| Revaluation | ofinvestment | properties | 50,688 | 50,687 | 101,375 | |||||||
| (4,033) | 7,322 | (230,797) | (227,508) | 55,700 | 36,834 | 250,116 | 342,650 |
| Listed | COIF and | Cash in | Total | ||
|---|---|---|---|---|---|
| investments | Charibond | portfolio | |||
| shares | |||||
| f | |||||
| Cost orvaluation | |||||
| At 1January 2022 | 2,245,641 | 206,895 | 98,219 | 2,550,755 | |
| Additions | 400,447 | (400,447) | |||
| Valuation changes |
(205,608) | (21,900) | (227,508) | ||
| Transfer in | 15,000 | 15,000 | |||
| Management fees less dividend |
income | (7,796) | (7,796) | ||
| Disposa Is | (418,892) | 418,892 | |||
| At31December 2022 | 2,021,588 | 184,995 | 123,868 | 2,330,451 | |
| Carrying amount | |||||
| At31December 2022 | 2,021,588 | 184,995 | 123,868 | 2,330,451 | |
| At31December 2021 | 2,245,641 | 206,895 | 98,219 | 2,550,755 |
| 11 | Financial instruments | Financial instruments | 2022 | 2021 | |||
|---|---|---|---|---|---|---|---|
| f | E | ||||||
| Carrying amount | offinancial assets | ||||||
| Instruments measured |
atfair value through | net | income/expenditure | ||||
| (Investments) | 2,206,583 | 2,452,536 | |||||
| 12 | Debtors | ||||||
| 2022 | 2021 | ||||||
| Amounts falling due within one year: |
f | f | |||||
| Other debtors | 5,438 | 12,574 | |||||
| 13 | Creditors: amounts | falling due within one | year | ||||
| 2022 | 2021 | ||||||
| Notes | f | f | |||||
| Other taxation and | social security | 3,708 | 3,714 | ||||
| Grant commitments | 5,000 | ||||||
| Rent received in advance |
19,455 | 27,256 | |||||
| Other creditors | 14,400 | 17,600 | |||||
| Accruais and deferred | income | 6,260 | 5,900 | ||||
| 48,&23 | 54,470 |
| Movement | in funds | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ~slehco et | aermrrces | tsanstels | aeoalrmllolls | aotshce et | Incnmine | aesomces | Tmnsrcrc | Ilcoatrmttons, | ~rtance at | |||
| sJmmmv sots | «srrehded | Sollls olid tosses | SJommro SOS' | resoorces | ~ascended | Seine and lessee | Sloecemtmr | |||||
| sess | ||||||||||||
| E | E | E | E | E | E | |||||||
| Property | Reserve | Fund | 149,425 | (9,138) | 20,000 | 36,834 | 197,121 | 5,141 | (1,502) | 15,000 | 7,322 | 223,082 |
| 149,42S | (9,138) | 20,000 | 36,834 | 197,121 | 5,141 | (1,502) | 15,000 | 7,322 | 223,082 |
| Analysts of | net assets between funds | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Designated | Endowment | Total | Unrestricted | Designated | Endowment | Total | ||
| funds | funds | funds | funds | funds | funds | ||||
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | 2021 | |||
| E | E | E | E | E | E | E | |||
| Fund balances at31December 2022 are | |||||||||
| represented | by: | ||||||||
| Investment | properties | 49+43 | 1,949,933 | 1,999,876 | 50,688 | 1,949,1&8 | 1,999,876 | ||
| Investments Current assets/(IIabigties) |
33,714 19,820 |
236,144 (13,062) |
2,060,593 - |
2@30,451 37,747 6,75840,801 |
210,183 (13,062) |
2,302,825 2,346 |
2/50,755 30,0$5 |
||
| 103,477 | 223,082 | 4,010,526 | 4,337,085 | 129,236 | 197,121 | 4,254,359 | 4580,716 |
| 16 | Related party transactions | ||||||
|---|---|---|---|---|---|---|---|
| There were no disclosable related party transactions |
during the year (2021-none). | ||||||
| 17 | Cash generated from activities |
2022 f |
2021 E |
||||
| (Deficit)/surpus for the year |
(243,631) | 347,038 | |||||
| Adjustments for: |
|||||||
| Loss/(gain) on disposal of investments |
59,501 | (2,035) | |||||
| Fair value gains and losses on investment | properties | (101,375) | |||||
| Fair value gains and losses on investments | 168,007 | (239,733) | |||||
| Movements in working capital: |
|||||||
| Decrease in debtors | 7,136 | 1,021 | |||||
| (Decrease)/increase in creditors |
(5,647) | 1,636 | |||||
| Cash generated from general activities |
(14,634) | 6,552 | |||||
| Purchase of investments | (400,447) | (480,628) | |||||
| Proceeds on disposal of investments | 418,892 | 469,581 | |||||
| Increase/(Decrease) in cash balances |
in the year | 3,811 | (4,495) | ||||
| Made up of: | |||||||
| (Decrease) in cash held at bank | (21,838) | (974) | |||||
| Increase /(Decrease) in cash held in investment |
portfolio | 25,649 | (3,521) |