Chartty registration number 256447 WARWICK RELIEF IN NEED ANNUAL REPORT AND UNAUDITED FINANCIAL5TATEMENTS FOR THE YEAR ENDED 310ECEMBER 2023
WARWICK RELIEF IN NEED LEGAL AND ADMINISTRATIVE INFORMATION Co-opted Trustees Mrs l Honnoraty- Chairman Mr5 S Brown MSS Hunt Mr J Atkinson Mrs M Littlejohn Mrs J Eslick Cllr Parminder Singh Birdi (appointed April 20241 MSJ Reynold5 lappDinted June 20241 Nomlnatlve Trustees Cllr D Browne lappointed May 20231 Cllr P Wightman lappointed May 2023, resigned June 20241 Cllr Parmillder Singh Birdi (resigned May 20231 Cllr K Gorman (appointed August 20231 Cllr C Moynihan (appointed June 20241 Ex-offi¢io Trustees Reverend L Duckers Reverend D Thompson Ireslgned Aprll 20241 Revd Canon Angus Aagaard (appointed May 20241 Clerk *0 Charity Mrc E R Houghton Charity number 256447 Principal addres5 CIO Moore & Tibbits 34 High Street Warwick Warwickshire CV34 4BE Independent examiner5 Burgis & Bullock 23-25 Waterlr)o Place Learninglon Spa CV32 SLA 8ankers Lloyds TS8 Bank plc 10-12 Swan Street Warwick CV34 48T
WARWICK RELIEF IN NEED LEGAL AND ADMINISTRATIVE INFORMATION Soll¢ltors Moore & Tibbits 34 High Street Warwick CV34 4BE Investment advlsors Brewin Dolphin Securities Limited Woodstock Court Blenhelm Road Marlborough Wiltshire SN84AN
WARWICK RELIEF IN NEED CONTENTS Page Trustees, report Independent examiner's report ststement of financial activities Balance sheet Notes to the financial statements 7-18
WARWICK RELIEF IN NEED TRusfEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees present their annual repc*rt and financial ststements for the year ended 31 December 2023. The finartcial statements have been prepared in accordance with the accountSng pollcles set out in note I to the financial 5tstements and comply wlth the charity's Trust Deed, the Charrties Act 2011 and "Accounting and Reportlng by Charilies.. Statement of Recommended Prartice applicable to charitie5 preparin8 their accounts in accordance with the FinanEial Reporting Standard applicable in the UK and Republlc of Ireland IFRS 1021 (effective l January 20191" Objtctive5 and activities The objects of the charity are to relieve elther generally or Individually persons resident in the town of Warwick who are in condition of need. hardship or distress. The charity makes grants to individuals and to organisatian5 that fulfil the objects of the charity. Structure. governance and management The charlty is governed by a Scherne dated 29th March 1976 sealed by the Charity Commlssioner5. Thi5 resulted in an afflalgamation of the Chartties known as the Charhy of Thomas Aylworth. the Charity of the Honourable John Smtth for Clothlng, the Revered John 5rniths' Bread and Shoe5 Charities. the Charity of Henry Archer and others, the Combined Charities, the Charsty of George Partingion and the Brid8end Coal Charity. The induction process for a new Trustee Is as follow5. The Chairman will meet with the new Trustee to explain all aspects of the Charity and to provide all revant information regarding it. The Clerk to the Trustee will write to the new trustee with a copy of the Scheme governing the charity and a copy of the last set of account5, The Chalrman and the clerk to the trustees will also provide all assistance and Infomiatlon necessary for the new trustee to becorne familiar with the workings of the charity. Trustees are appointed pursuant to the provision of the Scherne. Co-opted trustees serve for 5 years. The Irustees met on four occasions in the year. The grant sub committee met on fovr occa5ron5 and tonsulted regularly. Grants are awarded by the trustees at therr meeting. The grart Sub-committee is authorised to make grants to individuols of up to £LOOO. All grants awarded by the sub commfftee are reported to the full committee at their rneetings. Procedures and Policies for Grant making Applications for individual 8rant5 are normally referred to the trustees by the soclal services or such other organi5?lions. They are accompanied by a letter of explanatlon an(J a completed application form. Those applications are nomally Considered by the 8rant 5ub-cofnmittee who either meet or consult and who have power to award Brants not exceeding £1,51JJ. All other applications are considered by the Trustee5 in a meeting. Pthlic Benefit The trustees have paid due re8ard to guidance issued by the Charity Commission in decidin8 what activities the charity should undertake to fulfil their public benefit obligations and consider that thè beneffts provided to a wide variety of grant appllcants demonstrate the charity's commitment to providing benefits to all.
WARWICK RELIEF IN NEED TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED31 DECEMBER 2023 Achlevements and perfcffmance During the year the trustees contiTrued to support local charities and individua15 making grant payments totalling £146,15312022.' £152.2831. Trustee5 have agreed to make an annual grant of £ID,tK)O to Thomas Oken'5 Charity in support of the General Active Monitoring and Mentoring Project progrdfflme IGAMMEI. Thi5 commitment lasts until lune 2026, however the annual commitment Is subject to the conditions of the grdllt agreement being met. In addition an unconditiofial grant to Myion Hospice was agreed by the trustees. £4.000 of whlch remains payable at 31 December 2023. Financlal rèview As at 31st Oecember 2023 Ihe charity's unrestricted funds includin8 the Property reserve fund were £390.272 12022: £326,559). These fund5 Comprlse net curreni assets of £15,425 12022.. £6,758) and investments of £316.54412022= £269,858135 di5c105ed in notes to the flnancial statements. Endowment funds Stood at £4,078,99612022- £4,010,526). Reserves Policv It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be rnaintèined at a level equivalent to between three and six month's expenditure. The trustees considers that rèserves at this level will ensure that. In the event of a significant drop in funding, they wlll be able to continue the charty's current activities while consideration Is given to Way5 ifb which additional funds may be raised. This level of reserves has been maintained throughoul the year. Prinfipal Risks The trustee5 ha5 a55e5sed the major rlsks to which the charity is exposed, and are satisfied that 5VStems are In place to mitigate exposure to any major risks. The investmertt properties are regularly inspected, maintained in good condition and are comprehensively insured. mana6ement of the charity's investment are undertaken by the professional investment managers and the property advisors. All grants are authorlsed by the Trustees either in sub-committee or full committee. A policy has been established to set aside at least IO% of the 3nnual rental income in a designated reseThe to meet repair costs and expenses in void periods. The trustees have acknowledged their duty to identify and revise the risk to which the charity is exposed and to ensurè appropriate controls are in place to provide reasonable assurdnre against fraud 3nd error. The trustees, report was approved by the Board of Twstees. rs J H¢7nnoraty Chairman Dated.. ..*.
WARWICK RELIEF IN NEED INDEPENDENT EXAMINER'S REPORT TOTHETRUSTEES OF WARWICK RELIEF IN NEED I report to the trustees on my examlnation of the financial statements of Warwick Relief in Need Ithe chaTilyl for the year ended 31 De¢ember 2023. Responsibilities and basis of report As the trustees of the charity you are responsible for the preparatlon of the financial aternents In accordano with the requirements of the Charitles Act 2011 Ithe 2011 Actl. I report in respect of my examlnalitsn of the charity's financial staternent5 carried out under section 145 of the 2011 Art. Ith carrying out my examlnaiion I have followed all the applicable Diiections given by the Charity Commission under sertlon 14515llbl of the 2011 Act. Independent ex4rniner'5 slatement Your attention 15 drawn to the fact that the charty has prepared financial 5tatement5 in accordance wlth Accovntin8 and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK 8nd Republic of Ireland IFRS 1021 in yeference to the Accounting and Reporting by Charltiès.. Statement of Recommended Prnctice F5sued on l April 25 which is referred to in the extant reBulations but has now been withdrdwn. l understand that ihls has been done in order for flnanclal statements to provide a tnje and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after l January 2015. I have completed my examination. I confirm that no matters have corne to my attention in connectlon with the exarnination giving me cause to believe that in any material respect.. accountirg records were not kept in respect of the charity as required by 5ertion 130 of the 2011 A¢t,' or the financial statèments do nol accord with those records,. or the financial stalement5 do not comply with the applicable requirements concerning the form and content of actount5 set out in the Charitie5 (Accounts and Reports) Regulatlons 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other mattels in connection wlth the examination to which attention should be drawn in this report in order to enable a proper undeF5tanding of the financlal statements to be reached. W A Hubbard FCCA 8urgi5 & Bullock 23 25 Waterloo Place Learnington Spa CV32 SLA
WARWICK RELIEF IN NEED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 Curreb)t finandal year Unrestricted Unrestricted Endowment funds funds funds general Designated 2023 2023 Total Total 2025 2023 2022 Notes Income from". Charitable activities Grant income Investments 400 208.213 400 215.086 6.873 198,804 Totsl income 208,613 6.873 215.486 198,804 Ex enditure Charitable activities Gtsnts payable Insurance Repairs and renewals Paintin8 contributions Legal and professional fees 146.153 7,184 4,561 1,800 1,904 146,153 7,184 4.561 1,800 1,904 152,283 8,790 8,659 1,800 4.928 Total charitable expenditure 161,602 161,602 176.460 Governance and Adrntni5trdtion 05ts 24.714 1,656 12,508 38,878 38,467 Total resources expended 186.316 1,656 12,508 200,480 214.927 5urplu5/defiut from general artFvities 22,297 5,217 112,$081 15,006 {16,1231 Net gain5lllossesl on investments 3,490 32.709 80,978 117.177 1227,5081 Net movement in funds 25,787 37.926 68,470 132,183 1243,6311 Fund balan¢e5 at l January 2023 103,477 223,082 4AJlO,526 4,337,085 4,580,716 Fund balances at 31 December 2023 129.264 261.008 4.078,996 4.469,268 4,337,085 The statement of finantial activities includes all 8ain$ and losses recognised in the year. Atl income and expenditure derive from continuing artiwtie5.
WARWICK RELIEF IN NEED STATEMENT OF FINANCIAL AcrivinES ICONTINUEDI FOR THE YEAR EAIDED 31 DECEMBER 2023 Piior financial year Unrestricted Unrestricted Endowment funds fund$ fvnds general Deslgnated 2022 2022 Total 2022 2022 Notes ncome from: Charitable activities Investments 193,663 5,141 198.804 Total Income 193,663 5.141 198.804 enditure on.. Charitable artiviti Grants payable In5ufdnce Repair5 and renewa15 Palntlng contributlons Legal and professional fees 152,283 8,790 8,659 1,8LKJ 4.928 152.283 8,790 8,659 1.800 4.928 Total charitable Èmpenditure 176,460 176,460 Governante and AdMIntratIOn costs 23,929 L502 13.036 38,467 Totsl resources Èxpended 200.389 1,502 13,036 214,927 Net Eain511105se51 on investments 14,0331 7.322 1230,7971 1227,5081 Gross transfers between fund5 Net movemerf lrt funds 115,0001 125,7591 15,OLY) 25,961 1243,8331 1243.6311 Fund balances at l January 2022 129,236 197,121 4,254,359 4,580,716 Fund balan¢es at 31 December 2022 103.477 223,082 4,010.526 4,337.085
WARWICK RELIEF IN NEED BALANCE SHEET AS AT31 DECEMBER 2023 2023 2022 Nots5 Flxed assets Investment properties Investments 1.999,876 2,453,967 1,999,876 2,330,451 4,453,843 4.330,327 Crrent assets Debtors Cash at bank and in hand io 3,486 61,957 5,438 50.143 65,443 55,581 Creditors: amounts falling due within one year li 150,0181 148,8231 Net currènt assets 15.425 6.758 Total assets les$ current liabrlities 4,469.268 4,337,085 Capltal fvnds Endowment funds Income funds Unrestrictèd funds- Designated General unrestricted fund5 12 4,078,996 4,010.526 261,008 129,264 223,082 103,477 4.469,268 4,337,085 The financlal st*ement5 were approved by the Trustee5 on Ik......T¥>.ThlCz- rs J Honnoraty Trustee r l Atkinson Trustee
WARWICK RELIEF IN NEED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER Z023 Accountlng poll¢ies Chaiity Infornlation Warwick Rellef in Need Is a charlty governed by a Scheme dated 29th March 1976 sealed by the Charity conim155ioner5. This resulted in an amalgamation of the Charities known a5 the Charity of Thornas Aylworth, the Charity of the Honovrable Reverend John Smith for Clothing. the Reverend John smh,$ Bread and Shoe Charities, the Charity of Henry Archer and others, the Comblned ChatIes. the Charity of George Partington. and the Bridgend Coal Charity. 1.1 Actounting convention The financial statements have been prepared in accordance with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charltles: Statement of Recommended Practice applicable to charities preparlng thelr accounts in accordance with the Financial Reporting Standard appllcable Sn the UK and Republic of Ireland IFRS 1021 leffectlve I january 20191. The charity 15 a Public Benefrt Entity a5 defined by FRS 102. The charity ha5 taken advantage of the provisions in the SORP for charlties appfying FRS 102 Update 8ulletin I not to prepare a Statement of Cash Flow5. The financial statements have departed from thè Charities IAccount5 and Reports) Regulations 2Q08 only to the extent required to provide a true and falr view. This departu has Involved following the statemènt of Recommended Practice for charities applyin8 FRS 102 rather than the version of the statement of Recommended Practice whlch Is referred to in the Regulations which has since been withdrawn. The flnancial statements a prepared in sterling, which is the functional currency of the charity. Monetary amounts in these flnandal statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. modfified to include Ihe revaluation Df investment properties and rtaIn flnancoal instruments at fair value. The principal accounting pollcies adopted are set OLtt below. l.Z Gglng concem At the time of approving the financial ststement5. the trustees have a reasonable expectation that the charity ha5 adequate sourCeS to continue in operational existence for the foie5eeable future. Thus the trustees contlnue to adopt the going concern basis of accounting in preparing the financial Statements. 1.3 Charltable funds Unrestricted funds are available for use at the dlscretion of the trustees In furtherance of their charitable objectives. Aestricted fvnds are subject to specific condition5 by donors or grantors as to how they may be used. The purposes and uses of the restrkted funds are set out in the notes to the financial statement5.
WARWICK RELIEF IN NEED NOTES TO THE FINANaAL STATEMENTS ICONTINUEDI R?R THE YEAR ENDED 31 DECEMBER2023 Acfountlftg pollcles (Continued) The Endowment funds represents aS5et5 originally donated to the founder charities. The net Income/ expenditure arising from Endowment funds are not restricted and are traThSferd to unrestricted funds. 1.4 Income Income is recognised when the charity is legally entitled to it after any performance condltlons have been met, the amounts can be measured liably, and it Trs probable that income will be received. Rental Income is accounted for in the period to which it relates. All investment Income excluding deposlt Inte$1 is shown on the basls of amounts receivable in the vear and Includes any tax credit or Income lax which is recoveiable by the charity. Deposit interest 15 shown en the basis of amounts Credited in the year. 1.5 Expenthture Expenditure is accounted for on an accruals basis and has been classifjed under headings that aggregate all cost related to the category. Grants offered subject to conditions which have not been met at the year end date are noted as a tommitment but not accrued a5 expenditure. 1.6 Investment propertv Investrnevt property, which 15 property held to eam rentals andlor for capital appreclation, is initially re¢ognised at cost. whlch Includes the purchase cost and any directty attFbbut4ble expenditure. Subsequently it is measured at fair value at the reportin8 end date. The surplus or deficit on revalualio Is recognlsed the statement of flnan¢ial activities. At each reporting date the trustees review the carrylng values to determlne whether there is any indlcatlon thai these values should be impaired. 1.7 Fixed asset Investments Fsxèd asset investments are initrally measured at transaction price excludlng transactlon ¢osts. and are subsequently measured at fairvalue at each reporting date. Changes in fair value are recognised in net incorne/lexpenditurel for the year. Transaction costs are expensed as incurred. The market valuations of investments are provided by The Charitie5 Official Investment Fund and Brewin Dolphin Securities Limited. The respective values used represent the 'basic value, at the monthly valuation date and the mid-market valuation. IJ Cash and cash equivalent5 Cash and cash equlvalents Include cash in hand, dep051ts held at call with bank5, Other short-terrn liquid investments with original maturities of three months or lèss. and bank overdrafts. Bank overdraft5 are shown within borrowings in current liabilities.
WARWICK RELIEF IN NEED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting policie5 (Continuedl 1.9 Flnanclal Instruments The charity has elected to apply the provisions of Sertion 11 'Basic Financial Instruments, and Section 12'0ther Flnanci31 Instruments Issues, of FRS 102 to all of its financial in5trumer)ts. FÈnancial in51ruments are recognised in the charity's balance sheet when the charity becomes party to the contrattual provisions of the instrument. Financial assets anL4 liabilitie5 are offset. with the net amounts presented in the financial slatements. when there is a legally enforteable right to set off the recognised amounts and there is an intention to settle on a net basls or to realise the asset and settle the liability slmultaneously. Bosicfinancitslussets Basic financial assets, which include debtors and cash and bank balances. are initially measured at trdnsa¢tion price including transattion costs and are subsequentty caryied at amortised c05t using the effettive Sntere5t meihod unle55 the arrangement constitutes a financing transaction, where the transactlon Is measured at the present value of the futL¥re recelpts discounted at a market rate of irhtere5t. Financial assets ¢lassrfied as ieceivable within one year are not amortised. Bu51cJlnqnriallivbilitie5 Baslc financial liabilities, including rent received in advante, accrnals and grants payable are initlally recogni5ed at transaction prlce unless the arrangement constitutes a financing transaction. where the debt instrument 15 measured at the present value of the futuie payments discounted at a market rnte of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are Subsequently carried at amortised cost. using the effectwe interest Trte method. Trade creditor5 are obligations to pay for goods or services that have been acqulred In ihe ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if poyment is due withirn one year or less. If not, they are presented as non-current liabilitles. Trade credito¥s are recognised initially at transaction pr1 and subsequently measured at amortlsed cost USI% the effective inteiest rnethod. Derecognition offinonriqlliobtilities Financial liabilities are derecognised when the charitls contractual obligations expire or are discharged or cancelled. 1.10 Taxatron The charty is exempt from tax on income and galns falllng within section $05 of the Taxe5 Art 1988 or sertion 252 of the Taxationof Chargeable Gains Act 1992 to the extent that these a applied to its charitable objects.
WARWICK RELIEF IN NEED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 310ECEM6ER 2023 Income from Ihvestments UnrestrictedUnrestri¢ted funds fund5 general designated 2023 2023 Total Unrestrictedunrestricled fund5 fund5 general designated 2022 2022 Total 2023 2022 Rental income Income from listed inve5tment5 Income from unlisted investments 135,328 135.328 138,204 138,204 68.599 6.873 75.472 52,033 5,141 57,174 4,286 4.286 3,426 3,426 208,213 6,873 215,086 193,663 5,141 198,804 10-
WARWICK RELIEF IN NEED NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR EAIDED 31 DECEMBER 2023 Grants payable Grdnls payable 2023 fjrdnts payable 2022 Grants to institutions.. Lord Leycester Hospital Almshouses Warwick Young Carers Citizens Advice SW The Percy Estate-'The Gap" Westgate Primary School st Mary's Church Tower Refurbishment Guys Cliffe Walled Garden Klngflsher Pools Macmillan Cancer Support Air Ambulance Happy Days Armonrco Consort 20,582 5,000 14.000 52,356 425 io,oJo 7,000 54.664 4,000 5,000 1.500 2,500 377 2,250 3,000 10,000 2,500 1,400 Myton HospSces Thoma5 Oken & Nicholas Eyffler ISWW Mind) Frlends of Myton School Evergreen School Chase Meadow Community Centre Ltd Guys Gift Warwick Apprenticing Charities 6,000 10,000 3,500 2.600 10,000 101,264 129,390 Grants to indtviduals 44.889 22,893 146.153 152,283 Commitments At the year end the charity had a comrnitment to Pay a further £4,000 to Myton Hospice, included in the grant above.
WARWICK RELIEF IN NEED NOTES TO THE FINANCIAL sfATEMENTS (CONTINLIED} FOR THE YEAR ENDED 31 DECEMBER 2023 Trustee5 None of the trustees lor any persons ronnected with thernl received any rernuneratlon. beneflts or expenses from the charity during the year. Employèès There were no employee5 durin8 the year. Governance and Administrdtion cost5 Unre5trlrtEd fund5 neral Unrrtrfaed Endowment fvnd5 fvnds Dèsl8nated Total 2023 2022 Clerk's fee5 Accountant'5 fees Independent Examination Brokers fees 20,000 2,794 1.920 20,000 2.794 1,920 14,164 20,000 2,129 1.800 14,538 1.656 12,508 24,714 L656 12,508 38,878 38,467 For the year ended 31 December 2022 23,929 1.502 13,036 38,467 Both accountant's fees and independent examination costs include the respective irrecoverable VAT for the 2023 accounting year. 12-
WARWICK RELIEF IN NEED NOTES TO THE FINANCIAL 5fATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2023 Investment property 2023 Falr value At I january 2023 and 31 December 2023 1,999,876 Investment property at current value includes.. 23123A Market Place Warwick £495,000 20 Swan stet Warwick £415,030 St John's Hall £300,000 10-12 Swan Street £788,501 The valuatlon of the above propertles have been considered by the TnFStee5 at the year end and in their opinion they still reflect a fair marf(et value given their rental income and use. The hlstori¢al cost of the propertles Ilsted above is £L423.625. Fixed asset Fnvestments Listed investments COIF and Chafibtsnd Shares Cash in portlolio Total Cost or valuation At l January 2023 Additions Vèluation changes Other cash movements Disposals 2,021,588 294.735 97.945 184,995 123,868 1294.735} 2,330,451 19,232 117,177 6.339 6,339 243,931 1243,9311 At 31 Oecember 2023 2,170,337 204,227 79.403 2,453,967 Carryin8 amount At 31 Oecember 2023 2,170,337 204.227 79,403 2,453,967 At 31 December 2022 2,021,588 184,995 123,868 2,330,451 14-
WARWICK RELIEF IN NEED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 10 Debtors 2023 2022 Amourtts falling due within one year: Other debtor5 3,486 5,438 11 Creditors.. amounts falling due wbthln one year 20Z3 2022 Notes Other taxation and social security Grant Commltments Rent received in advance Other creditor5 Accruals and deferred income 3,708 4,000 19,490 16,200 6,620 3,708 5,000 19,455 14,400 6,260 50.018 48.823 Other credltors includes the property painting reserve of £16,20012022= £14,400). 12 Endowment fvnds Endowment funds represent assets which must be held permanently by the charity. Income arising on the endowmertt funds can be used in accordance with the objects of the ¢harily and is incknded è5 unrestricted income. Ary capital gains or195ses arising on the assets form part of the fund. Al l January 2023 Resources empended Gains and losses At31 December 2023 Permanent endowments 4.010.526 112,5081 80,978 4,078,996 15-
WARWICK RELIEF IN NEED NOTES TO TFIE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 12 ENlowm¢nt funds Icontinuedl Previous year,. At l January fte50urce5 2022 expended Galns and losses At31 cembÈr 2022 Permanent endowments 4.254,359 113,0361 1230,7971 4,010,526 13 Unre5trirted funds- de5i4nated These are unrestricted fund5 whSch are material to the charfrty's activities. At l January 2023 Incoming resources Resource5 expended Transfers Galns and losses At31 December 2023 Property reserve fund 223.082 6,873 11.6561 32,709 261,lJ)8 Previou5 year.. At ljanuary 2022 Incoming resour¢e$ Resource5 expended Transfe Gains and losses At31 December 2022 Property reserve fund 197,121 5,141 11,5021 15,000 7,322 223,082 The Designated Property Reserve Fund ha5 been establlshed to pmide the charlty wlth sufficient funds to meet repair costs and expenses during vold periods. 16-
WARWICK RELIEF IN NEED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR EIVOED 31 DECEM8ER2023 14 Analysls of net assets between fvnds Unre5trirted Unrestricted Endowment funds fvnds funds general Deslgnated 2023 2023 Total 2023 2023 Fund balan¢ès at 31 December 20Z3 are represented by: Investment propertie5 58.303 Investmertts 37,206 Current assetsllliabllitiesl 33,755 1,941.573 1137,423 1,999,876 2,453.967 15,425 279,338 118.3301 129,264 261,008 4,078.996 4,469,268 Unrestrlcted Unrestricted Endowmert funds fvnds funds general Designated 2022 2022 Total 202Z 2022 Fund balances * 31 December 2022 are reprèsented by: Investment properties 49,943 Investrnents 33,714 Current a5seis/lliabilitiesl 19,820 1,949,933 2,060,593 1,999,876 2,330,451 6,758 236.144 113,0621 103.477 223,082 4,010,526 4,337,085 The purchase of St John's Hall durin8 2012 at a cost of £198.620 was funded SO% from Endowment Funds and 50% from Surplus Unrestricted Funds as approved by the Trustees. In the event of the future sale of the property, it was approved that the proceeds should be divided a¢¢ordingly. IS Related party transattlon5 The were no disclosable related party transactions during the year12022- none?. 17
WARWICK RELIEF IN NEED NOTES TO THE FINANCIAL STATEMETrifs (CONTINUED) FOR THE YEAR ENDED31 DECEMBER 2023 16 Cash generated from artivities 2023 2022 Surplus/ldeficitl for the year 132,183 1243,6311 Adjustments for- Loss on disposal of investment$ Fair value gains and losse5 on Investments 1,938 1119,115) S9,501 168,007 Movements In working capttal: Decrease in debtots Increaselldecreasel in creditors 1.952 1,19S 7,136 15,6471 Cash generated from gene1 activities 18,153 114,6341 Purchasè of investments Proceeds on disposal of investments 1294.7351 243.931 1400.4471 418,892 IDecreasel/lncrease in cash balance5 in the year 132,6511 3.811 Made vpof.. Increase/ IDecrea5el in cash held at bank IDecreasel/ InCaSe in cash held in investment portfolio IL814 144,4651 121,8381 25,649 (32,6511 3,811 18-