Charty giStr*t1n ntwnber 256447 IEThglandand Wale$l WARWICK RELIEF IN NEED ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
WARWICK RELIEF IN NEED LEGAL AND ADMINISTRATIVE INFORfvIATION Co-opted Trustees Mrs l Honnornty- Chairman S Brown M5 S Hunt Ire55gned February 2025) Mr J Atkinson Mrs M Littlejohn rs l Esllck Cllr Pamiinder Singh Birdi lappointed April 20241 Mrs J Reynolds (appointed June 20241 Plomln*i¥e Trurtees Cllr D Browne Cllr P WiBhtman Iresigned June 20241 Cllr K Gommn Cllr C Moynihan (appointed June 20241 Ex4R¢lo Trnstees Reverend L Ducker5 Reverend D fhompson Ire5igned April 20241 Revd Canon An8us Aagaard (appointed May 20241 aork to Charity Mr C E R Houshton Charlty number 256447 Prln(ipal addres$ CIO Moore & Tibbrts 34 High Street Watwlck Warwlckshire CV34 4BE Independent examlners Bur8t5 & Bullock 23-25 Waterfoo Place Leamlngron Spa CV32 SLA Bankgr5 Lloyd5 TSB Bank plc 10-12 Swan Street Warwtck CV34 4BT 50licltors Moore & Tbbbhs 34 Hi8h Street Warwick CV34 4BE
WARWICK RELIEF IN NEED LEGAL AND ADMINISTRATIVE INFORMATION Inv•stm•nt advisor¥ 8rewin Oolphin Securltles Llmlted Woodstock Court Blenhelm Road Marlborough Wihshire SN8 ÈSAN
WARWICK REUEF IN NEED CONTEMrs Page Trustees, report Independent examiner's report Slatemen¢ of financial activities Balonce Sheet Note5 to the finandal statements 8-19
WARWICK RELIEF IN NEED TRUSTEES, REPORT FOR THE YEAR ENDED 32 DECEMBER 2024 The trustees present their annual report and financial Statements forthe yeir ended 31 Detember 2024. The financial statements have been wepared in accordance wlth the accountlng polldes set out in note I to the flnanclal 5tatement5 and COMP with the charity'5 Trust Deed, the Chaiitie5 Art 2011 and "ActountlnB and Reporting by Charlties.. Statement of Re¢ommended Prartice applicable to charities preparing their accounts in accordance wlth the Financtal Reporting standard applicable in the VK and Republic of Ireland IFRS 1021 leffedive I january 20191" Oblertive5 and artmtles The objecis of the Eharity ale to relieve esther generally or individually pe05 resident In the town ol Warwrck who are in condition of need, hardshlp or dtstress. The charfty make5 grants to IndNlduals aTrJ to oF¥anl$•tions that fvlfil the oljiects otthe charity. Strurturei governance and Thanaent The charity is governed by a Scheme dated 29th Marth 1976 sealed by the Charity cornrni5sione. This resulted In an amal8amation of the Charities known BS the Charity of ThoFnas Aylworth. the Charity cl the Honourable John Smrth for Clothlng, the Revered John 5mlths' Bread and Shoe5 Charities, the Charity o* Henry Archer and othets, the Combined Charities, the Chaiity of George Partlngtott the Bridgend Coal Charity. The Induclion process for a new Trustee hs as follows. The Chaim)an will meet wrth the new Tnjstee to explain èll aspects of the Charity and to provide all relpvont inlgrmatSon redrding it. The Clerk to the Trustee will write to the new trustee with a copy of the Scheme governing the charlty attd a copy of the last set of accounts. The Chairrnan and the clerk to ihe trustees will also piovide a51 asslstsnce and information necessary for the nèw trustee to become familiar wtth the worklngs of the chaiity. Truste are appointed putsuant to the provision of the Scheme. Co-opted trustees serve for S years. The tru5tee5 met on four occasions In the year. The grant Sub-committee met on four Ixcasion5 and consurted regularly. Grant5 arE awanled by the trustees at their meeting. The grant sutKommittee is authori5ed to make grants to indfvlduals of up to £l.000. All grants awarded by the sub-commFttee a reported to the fvll commbttee at their rneetin85. Prnctduw and Polities lorGfant makin8 Applications for Individual grants are nomially referred to the twstees by the social service5 or such otheT organisations. They are accompanied by a letter of explanation and a completed application fomTr. Those ?ppllcatlons are norrnal consklered by the 8rant sub-committee who either meet or cunsuli and who have power to award grants not exceedlng £1,5(Xl. All other appllcations arè considered by the Trustees in a meetin8. Publlc Benefft The trustees have paid due regard to guidance i55ued the Charity Commtsslon In decidlng what activ¢ties the charity Should undertakt to fulfil their public benefit obligations and consider that the benefits provlded to a wide ¥ariety of grant applicants demonstrate the charity's cornmRment to provitlln8 benefits to all.
WARWICK RELIEF IN NEED TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2024 Achlevements and performance During the year ihe trustees continued to support local charftles and individuals m?klng giant payments totalllng £135.74012023.. £146,153). In the prior yèèr an unconditional grnnt to Myton Hospice wa5 a8reed by the trustees, £l,(KQ of whtth remains payable at 31 December 2024. Flnancial re¥7ew As at 31st Decèmber 2024 the charity's unrestricted funds including the property reserve fund were £537,465 12023.. £390.2721. These funds comprlse net wrrent assets of £44.154 12023= £15,425> and investments of £493.31112023: £374.8471 a$ dlsclosed in notes to the financial ststement& Endowment funds stood at E3,992.79412C123: E4,078,9961. Re5erve5 PollLy It 15 the pollcy of the charity that unrestrkted fund5 which have not been de51gnated ft)r a specific use should bè maintained at 3 level equfvalent to between three and srA month's expenditure. The trustees Considers that reserves at this level will ensure that, in the event of a si¥nrficant drop in fundin& thry wlll be able to continue the charity's current actlvitles whlle considerniion 5$ given to ways in whlth additional funils may be rdi5ed. This level of re5erve5 has been malntabned throughout the year. Prfnclpal R15ks The trustees ha5 asse55ed the major risks to which the charity Ss exposed, and afe 5ati5fied that 5yStems are In place to mtttgate exposure to any malor rlsks. The investment properties are sUlaT inspected, maintsined in good ¢ondilion and are comprehenstvety insured, management of the charity's investment are undertaken by the professional investmènt managers and the property advlsors. All 8r3nts are authorised bythe Trustees either in sub<tsrnmittee Of full committee. A policy ha5 been e5tabllshed to set asbdÈ at least IQ% of the annual rental Income In a de$4gnated reserve to meet pair tosts and expenses in void perlods. The trustees have acknowted8ed their duty to identify and revise the rlsk to which the charlty Is exposed and to ensure appropriate controls are In place to provlde reasonable assurance against fraud and error. Thet ee5' report was approved by the 8oard of Trustees. s J Ilannoraty ChalTni Dated..
WARWICK RELIEF IN NEED INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WARWICK RELIEF IN NEED I report to the trustee5 on my exarninatlon ol the financiol statement5 Of Walwlck Relief in Need Ithe charity) for the year ended 31 December 2024. ReSpOnbIlltles and basis of report As the trustee5 Of the charlty you are responsible for the preparatton of the flnanclal statements in accordonce with the requirements of the Charities Ad 2011. I report In respect of my examlnatlon of the charlty's financlal ststements cathed out under settion 145 of the Charrf(ies Art 2011. In ¢arryin8 Out my examination I have followed the Dirertions gNen by the Charity Commtsslon under section 14515llbl of the Charities Act 2011. Independent examin*5 statement Your attentlon is drawn to the fact that the charty has prepared the finantial statements in attordance wlth the levant version of the Statement of Recommended Pract1 appllcable to charities preparing their financial statements in accordance wrth the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021 In preference to the Accounting and Reporting by Charltles: Statement of Recommended Prdctice issued on l April 2005 whlch is referred to in the extant regulations but has now been wtthdrnwn. I understand that this has been done in order for the finanaal statements to provide a Irup and fair vlew in Ordan with UK Generally Accepted Actounting Practice. I have completed my exaMinatn. I confirm that no maners have come to my attention in conneclton with the examination givlng me cause to belleve that in any material respect.. accounting records were not kept in respect of ihe tharity a5 required by section 130 of the Charities Act 2011; or the financial statements do not accord with those records,. or the financial statements do not comply with the appllcèble requirements concerning the foim and content of financial stalements Set out in ihe Charitles (Account5 and Reports) Regulations 2008 other than any requirement that ihe flnanclal statements give a true and falr view. which is not a matter consided as part of an IndÈpendent examination. I have no ¢on¢ems and hjve come across no other Matte in connertion with the exgmination to which attentlon should be drawrt in this ieport In order to enabFe a Fffoper undetstanding uf the fi'nanclal Statementsto be reached. W A Hubbard FCCA Bur815 & Bullock 23 25 Watefloo Pla Learnin8ton Spa CV32 51A Date..
WARWICK RELIEF IN NEED srATEMENT OF FINANCIAL AcmiiTIES FOR TrIE YEAR ENDED 31 DECEMBER 2024 Current financial ar Unrestrlcted Unrestrirt•d Endow1 lunds fund$ fvnds neral De5iznatod 2024 2024 Total Total 2024 2024 2023 Noies IrJ(om• from: Charitable activities Grant Income Inve5tmenls 21x1,785 8.167 215,086 Total income 200,785 8,167 208,952 215,486 endlture on: Char¢table activsties Grants payable Insurance Repairs and newals Painting contributions Legal and professlortal fees 135,740 ,147 10.300 1,800 221 135,740 8.147 10,30D 146,153 7,184 4.561 1.800 Lg)4 221 7ot•l th?rit?ble expenditiwe 156,208 156,208 161,FA)2 Governance and Administration costs 25,632 12,718 40,227 38,878 Totsl resources expEnded 18L840 1,871 12,718 196,435 2W,480 Surplusldèfitit from general artlvlttes 18.945 6,290 112,7181 12.517 15.006 Net galnsll1055esl on inve51ment5 1,232 28.742 48,474 117.177 Ne¢ incomiTri resoLwces bttore tran51ers 20.177 35,032 5,782 60,991 132,183
WARWICK RELIEF IN NEED STATEMENT OF FINANCIAL AcfiviTIES ICONTINUED) FOR THE YEAR ENDED 32 DECEMBER2024 Unrestri¢ted Unrestrt¢ted Endowmert funds lund5 fvnds 8eneral De5iSn•ted 2024 2024 Total 2024 2024 2023 Note5 Net Incomlng resources before transfers 20,177 35,032 5,782 ,991 132,183 Gro55 transfeF5 between funds 81,749 10.235 191.9841 Net movement In lunds IOL926 45,267 186,2021 60,991 132,183 Fund balance5 at l January 2024 129,264 261,008 4,078,996 4,469,268 4,337,085 Fund bala at 31 December 2024 231,190 306,275 3,992,794 4,530,259 4,469.268 The statemert of financral activities Includes all Bains and b$5es recognised in the year. income and eXpendVre derive from continuing activitie5.
WARWICK REUEF IN NEED STATEMENT OF FINANaAL AcrivmES (CONTINUEO) FOR THE YEAR EIVDED 31 DECEMBER 2024 Prior financlal year UnTrstri¢ted Unreslricted ÉndDYmient funds funds nth 8enerdl Oesignated 2023 2023 Total 2013 2023 Notes Incomefrom: CharTtable activities Gra income Investments 400 215,086 208,213 6,873 Total income 208,613 6,873 215.486 n(%twe on: Charltabl actlvitles Grant5 payable Insurante Repairs and renewals Painting contributlons Legal and professional fees 146.153 7.184 4,561 L800 1.904 146,153 7,184 4,561 Total charltable expendlture 161,602 161,602 Governance and Administration costs 24,714 1.656 12,508 38.878 Totsl resources expended 186.316 L656 12.508 200,480 Net 8ains/l10s5esl on investments 3,490 32,709 80.978 117.177 l+let Inwming resources before tr•nskn 25.787 37.926 68.470 132,183 Net mo¥emnt in fuids 25,787 37,926 68,470 132.183 Fund balances at l January 2023 103,477 223,082 4,010,526 4.337,085 Fund balances al 31 December 2023 129,264 261.008 4.078,996 4,469,268
WARWICK RELIEF IN NEED BALANCE SHErr ASAT31 DECEM8ER 2024 2024 2023 Note5 Investment pmperties Investments 1,999.876 1486,229 1,999,876 2,453.967 io 4,486,105 4,453,843 Current assets Oebtors Cash at bank and in hand li 6,005 86,082 3,486 6L957 92.087 65A43 Crethtors: amounts lallinl due tythkn one year 12 147,9331 150.0181 Wet turrent assets 44,154 15,425 Tol•l assets Ip55 currrynt li4bililles 4,530,259 4,469,268 Caplial funds Endowment fvnd5 Ineome fund5 Unrestrirted fun(ts- Designated General unrestricted funds 13 3,992,794 4,078,9% 14 306.275 231,190 261,C08 129,264 4,530.259 4,469,268 The finandal statements were approved by the Trustees on.. r5 J Honnordty Tn4$1ee J Atklnson ..Tnstee
WARWICK RELIEF IN NEED NOTES TO THE FIIIANCIAL STATEMENTS FOR THE YEAR EAIDED 31 DECEMBER2024 AccountlnB polldes Charity infomiatlon Warwick Relief in Need Is a tharity governed by a Scheme dated 29th March 1976 sealed by the Charity commissH)ner5. Thi5 resulted In an amalgamation of the ChatieS known as the Chartty of Thomas Aylworth, the Charity of the HOnoubIe Reverend John Smith for Clothin& the Reverend John Smith s Bread and Shoe Charities, the Charity of Henry Archer and other5, the Combined Charitie5, the Charity of George Partin8ton, and the aridgend Coal Charltv. 1.1 Accounting fonventlon The flnantlal statements have been prepared in accordance with the charity's governing document, the Charities Act 2011 and "Accounting ond fteporting by Charitie5-. Ststement of Recornrnended Prartice applicable to charities preparing their accounts Én accordance with the Financial Reporting Standard appllcable in the UK and Republic of Ireland IFRS 1021 (effective l January 20191.. The charlty is a Public BenefFt Entity as deflnÈd FRS 102. The charlty has taken advantage of the provisions in the SORP for tharitie5 applying FRS 102 UFJdate Bulletin I not to prepare a Statement of Cash Flows. The financial statements have departed from the Charitie5 IAccounts and Reports) Regulatlon9 2008 only to the exteftt required to pro¥lde a trve and fair view. This departure has involved following the Statement of Recommended Practl¢e for ¢harFties applw'ng FRS 102 rather than the veision of the ststement of Retommended Prartice which 15 referred to in the Regulatlons but whlth has since been withdrdwn. The financial statement5 afe prepared in sterlin& which Is the functional ¢urrEllCY of the charlty. Monetary arnounts in these financial Statements are rounded to the nearest £. The financial statements have been prepared under the hlstortol cost convention. modified to include the revaluatioTr of investment properties and certaln flnancial instruments at fair valu2. The prtndpal ¢countin8 pollcies adopted are Set out below. 1.2 Going concern At the time of approvln8 the f*nancial statèmÈnts, the trustee5 have a reasonable expert)tion that the charity has adequate resources to continue in operallonal existence foT the fOseeable future. Thus the trustees continue to adopt the gdng concern basr5 of accounting in preparing the financial statements. 13 Charitable ld5 Unrestricted fijnds are a¥allable for use at the discretiofi of the trustees in furtheran of iheir charitable 4Jblectives. Restrkted fund5 are subAecl to specific condltions by donors or grantors as to how they may be used. The purposes and use5 of the restrlcted funds are set out In the notes io the financlaS statements.
WARWICK RELIEF IN NEED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2024 untlng pollcles {Contlnued) The Endowment funds represent5 35sets origlnalty donated to ihe founder charltle5. The net Incomel expenditure èrlsing from Endowment hjnds are not restrkted and arè tTrnsferred to unrestrlcted fund5. 1.4 In¢ome Income is recognised when the charitv 15 legally entbtled to it after any perfomian¢e nditionS have been meL the amounts can be measured liably, and It Is probable that income wlll be rece Rent•l income ts accounted for In the period to which it relates. All Investment Income excluding deposst interest is shown on the basis of amounts re1vable in the year and include5 any 14x credit or income tax which is recovernbie by the charliy. Oeposit intereK Is shown on the basi5 of amounts credited in the year. IS Expenditure Expenditure 15 OC¢QUnted for on an •ccrua15 basr5 and has been classrfied under headings that aggregate all cost related io the category. Grants offerEd subjecl to conditions which have not been met at the year end date are nffjed as a comrnrtment but not accrued as expenditure. 1.6 Investment property Investment property, which is property held to eam rentals ondlor for capltal apprecl*ion.15 initiallv recognised at cost. which includes the purchase c05t and any direttty attrlbutable expenditure. Subsequently h is measyred at fair value at the reporrin8 end date. The surplus or deficit on revaluation Ss recognlsed the statement of financial attivlties. At each reportlng datè the trustees review ihe ¢arrying w41ues to determine whetherthere is any indlcatKin that these values should be impaired. L7 F¢d asset Investments Fixed asset investments are initlally me•sured at transactlon prlce exdudift8 transartion costs. and are sub5equentEy measured at fair value at each reporting date. Ch3n8es in fair value 4re rewgn55ed ift net incomellexpenditurel for the year. Tran5aition costs are expensed a5 incurred. The market valuations of investments are provided by The Charities Official Investment Fund and Brewin Dolphin Securit[¢$ Limited. The respective values used represent the 'basic value, at the monthly valuation date and the rnid-market valuation. L8 Cash anrt tash equivalents Cash and cash equiwdlents inchjde cash In hand, deposits held at call with banks, other short-term ltyuid investments wlth original maturitles of throe months or less, and bank overdrafts. Bank overdrafts are shown within borrwlngs In current liabilities.
WARWICK RELIEF IN NEED NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAREAIDED 31 DECEM8ER2024 A<<ountlng poli¢ies Icontlnuedl 1.9 finandal instruments The charity has elected to apply the provisions of Section 11 'Ba5tc Flnanoal Instwments, and Seth"on 12'0ther Finanual Instrnfflents Issues, of FAS 102tD all of Its flnancial instruments. Financial instruments a recognlsed in the charrty's baknce Sheet when the charity becomes party to the contractual provisions of the instrnment. Flnancial assets and liabllltie5 are offtet, with the net amount5 pSented in the financial statements. when there Is a legally enforceable right to set off the recognised amounts and there Is an intentlon to settle on a net bas15 or to realisè the a$5et and settle the liability simuttaneously. Baskflnonclulussets Basic flnancial a5sels, whtch Include debtoTh and cash and bank balances. •re initially measured at transaction price indudlng transaction costs and are subsequently carried at amortised cost usin8 the effective interest rnethod unless the arrangement constitutes a fin3ncin8 tRnsa¢tlon. where the transaction Is mèasured at the pr*sent value of the future receipts dlscounted at a market rate of interest. Flnanclal assets classifled as recelvable within one year are not amortised. wsic Jin¢mciol liabllltles Basic financial liabilities. IncludSng rent Tecei¥ed In advancè, a¢¢rua15 and gnnts payable are initially recognised at trdn5action price unle55 the arrangement constttutes a financing transaction. where the debt instrument is measured at the present value of the future payment5 discounted It a market rate of interest. Financial liabilbtles classified a5 payable within one year are not amorttsed. Debt instruments are subsequently carried * amortised cost. usln8 the effective interest rate method. Tr•Je creditors are obllgatlons to pay for goods Of service5 that have been acquired in the ordinary course of operatiofis from 5uppllers. Amount5 payable are classrfied as current liabllltles If payment is due wlihln one year or le55. ff not. they are presented as non-current liabilitie5. Trade creditors are recognised inr(ially at transartion price and subsequently measure41 at afflortised c05t V5ing the eflertive intefe5t rnethod. Derecognition offinanciulllubllltles Financial liabllitles are deretognbed when the ¢harltV5 contractual OblationS expire or are discharged or cancelled. 1.10 T•Mation The charlty bs exempt from tax on Income and galns frdlling within sectlon 505 of the Taxes Aci 1988 or sècrion 252 01 the Taxationof Chargeable Gains Act 1992 to the exient that these a applied to its charltable obj'ects. 10-
WARWICK RELIEF IN NEED NOTES TO THE FINANCIAI STATEMEfus (CONnNUED) FOR THE YEAR ENDED 31 DECEMBER 2024 Income from investment5 Unrestr1¢tedUnArfrted funds enernl de5i8nated 2024 2014 Totsl unrestrictsdunresrted fvnds funds ieral desi8nated 2023 2023 Total 2024 2023 Rent81 1CoMe Income from listed investments Intome from unlisted investments 134.715 134,715 135,328 135,3Z8 60,773 8,167 68,940 68,599 6A73 75.472 5,257 5,297 4,286 4,286 21K),785 8,167 208,952 208,213 6.873 215,086 11
WARWICK RELIEF IN NEED NOTES TO THE FINANCIAL STATEMENTS (CONTINUEO) FOR THE YEAR ENIKI 31 DECEMBER 2024 Gronts payable Gr4nts payable 2024 Gnts payable 2023 Grants to institutions-. Lord Leycester Hospital Ahnshovses Warwick Young Carers CitFtrn5 Advice SW Evergreen Schi)ol The Percy Estate- The Gap. The Parenting Proje Newburgh Primary School Guy5 Cliffe Walled Garden New Lrfe Church Macmlllan Cancer Support Aif Ambulance Prlory Area Community Myton Hospi5 Thomas Oken & Nlcholas Eyffler ISWW Mind) Chase Meadovd Community Centre Ltd Guys Gfft Warwick Apprenticing Charftles 4,S25 7.5( 7.639 57.996 54,664 1,160 675 1,500 2.000 G,000 io.i)00 3.5OJ 7.731 io,(N]o 96.n6 101.264 Grants to Indrvidua15 39,014 44,889 135,740 146,153 CommStments At the year end Ihe chafily had commitments to pay £l,OCKI to moft Hospice and £2,C(Kl to Prlory Area Community. Trusteos None of the trustees lor Jny persons connected with them) received any MneratIOn, beneflts or expenses from the charity duringihe year. 12-
WARWICK RELIEF IN NEED NOTESTO THE FINANCIAL STATEMENTS {CONTINUED) FOR TrIE YEAR ENDED31 DECEM8ER2024 Employeès There were no empEoyees durln8 the year. Govemance and Adminlsiratlon ¢osts UTrveArld•d fvnd5 Urtre#rfrttd Endv4rnient nd5 De$4n•t•d Clerk's fees Accountant's fees Independent Examinatlon Brnkers fees 20.000 20.IXJO 3.558 2,074 14,595 20,(XX) 2,794 1,920 14,164 2.074 1,877 12.718 25,632 L877 12,718 40,227 38,878 For the year ended 311)ecwnber 2023 24,714 L656 12,508 38,878 13-
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WARWICK RELIEF IN NEED NOTES TO THE FINANCIAL sfATEMENTS IcorfriNUED) FOR THE YEAR ENDED 31 DECEMBER2024 Transler5 The Iransfets between fvnds reftect the appropriate classiffication of investment proFerty. Inhwbnent property 2024 Falr brylue At l January 2024 and 31 December 2024 1.999,876 Investment property at cuffent value include5'. 23123A Market Place £495,0 20 Swan Street £415,C St John's Hall £3W.C IIF12 Swan Street £789,876 The valuation of the above propertle5 have been ¢onsidered by the Tru5tee5 at the year end and In their opinlon they stlll renect a frdir market value given their rental income an41 use, The historical cost of the propertles listed above Is £1,423.625. 10 Fixed 8sset invejtmeftts l•ed Unlisted in¥e5tments Investmehts Cash in portfoltts T¢tsl Cost or ¥aluatlon At l January 2024 Addltlons Valuation changes Other tash mo¥ements D15P05a15 2,170.337 293,618 41,631 204,227 79.403 2,453,967 293.618 48.474 123,281) 1286.5491 6.843 {23.2811 1286,5491 At 31 Decewnber 2024 2,219,037 211,070 56.122 2,486,229 Carrylng amount At 31 December 2024 2,219,037 211,070 56,122 2,486.229 At 31 Detember2023 2,170,337 2tJ4,227 79,403 2.453,967 1s-
WARWICK RELIEF IN NEED NOTES TO THE FINANCIAL STATEmErs (CONTINUED FOR THE YEAR EP4DED31 DECEMBER 2024 11 Debtors 2024 2023 Amounts fallln8 due wrthin oneyear: Other debtors 6,005 3,486 12 thd1t0. amounts fal%nB the within one yèar 2024 2023 Other tsxation and Sla1 security Grdnt commltments Rent received In adrdnce Other creditors Accruals and doferred income 7,417 3,708 4,(KlO 19,490 16,2CQ 6,620 19.426 11,124 6.966 47,933 50.018 Other creditois include5 the propety palntlng rese of £11.12412023.. £16.2>. 13 Endowmtnt funds Endowment fvnds rEpresenl asset5 which must be held pernianently by the chèrity. Income ari$in8 on the endowment funds can be used Fn accordance wh the object5 Of the charity and is included as unrestricied income. Any capltal gains or losse5 arising on the a55ets forni part of the fund. At ljanuary Resources 2024 expended Transfers Galns and 1055es At31 Decembèr 2024 Perm*nent endowment5 4,078,996 112,7181 19L9841 18,500 3,992,794 16-
WARWICK RELIEF IN NEED NOTES TO THE FINANCIAL STATEMENTS ICONTINUEDI FOR THE YEAR EIVDED 31 DECEMBER2024 13 Efid0Mnt lunds Icontinuedl Prevloys y•ar: At l January 2023 Resources expended Transfers 68lDs and A131 losses Dtctmber 2023 Pemianent endowments 4,010,526 112,5081 80,978 4,078,996 14 Unrestrirted funds- de*nated The5e.are unrestricted funds whlch are materlal to the charity's activitle& At lJaNary Z024 comlng re9ources Resour¢e5 expended Transfers Gains and At31 losses De¢effiber 20Z4 Property reserve fun(1 261,CQ8 8,167 1,8771 10.235 28.742 306.275 Previou5 year: At l January Incomlng Resouf¢es TTrnsfers 2023 resounes expended Galns and At31 losses December 2023 Propertv reserve fund 223,082 6,873 11,6561 32,709 261,008 The Designated Property Reserve Fund has been ertablished to provide the charity with sufficient lund5 to meet repair costs and expen5e5 durin8 void periods. 17-
WARWICK RELIEF IN NEED NOTES TO ThE FINANCIAL STATEMENTS Icopin14UEDI FOR THE YEAR ENDED31 DECEMBER 2024 15 Analysis of net a55ets betbveen fund5 Unrestri¢ted Unrestrlcted Endowment nds funds funds general designètsd 2024 2024 Total 2024 2024 At 31 December 2024,. Investment properties Investments Current asset51111abllltiesl 150,000 37,036 44,154 1.849.876 2.142.918 L999.876 L486.229 44.154 306,275 231,190 306.275 3,992,794 4.530,259 U*Y•strfrted Unrestricted End¢Jwment funds lund$ funds 8enernl deslRnated 2023 2023 Ttstsi 2023 2023 At 310ecember 2023: Invertment Propert Investments Current assets1lliabilitie51 58.303 37.206 33,755 1,941.573 2,137,423 1,999,876 2.453,967 15,425 279,338 118.3301 129,264 261,008 4,078.996 4,469,268 The purchase of St john's Hall during 2012 at ? ¢ost of £198,620 was funded 50% from Endowment Funds and 50% from surplus UnrestrKted Funds a5 approved by the Trustees. In the event of the future sale of the property, It was approved that the proceeds Should be divided accordln81y. 16 Related party t15ctIonS There We no dlsclosable related party transactions duringtht year12023- nonel. 18-
WARWICK RELIEF IN NEED NOTES To THE FINANCIAL STATEMENTS (copinNUED) FOR ThE YEAR ENDED 31 DECEMBER 2024 17 Ca$h Benernted from artlvlties 2024 2023 Surplus for the year 60.991 132.183 Adltsstments for: Loss on disposal of In¥eslments Fair Value 1n$ and lo$ on inve5trnents 927 149,4011 1,938 1119,1151 Movements In working caprtal: Ilntreaselldecrease in debtors (Decfeasellincrease In creditors 12.5191 12,085> 1.952 1,195 Cash eenerated from Berterdl artivities 7,913 18,153 Purthase of irwestments Proceed5 un disposal of itwestments 1293,6181 286,549 1294,7351 243,931 IDecreaseTrllncrease In cash balan5 In the year 132,6511 Made upof . Incre4sellDecreasel in cash held ot bonk IDecreasel/ Increase In (ash held In investment portfollo 24.125 {23.2811 11.814 144,4651 132,6511 19-