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||||Page|
|---|---|---|---|
|Report ofthe Trustees||||
|Independent|auditor's|report to the Trustees||
|Statetnent|offinancial|activities||
|Statement|offinancial|position|10|
|Statement|ofcash fiows|||
|Statement|ofaccounting
policies||12|
|Notes to the financial||statements|15|
|Appendix|1 Grants||19|
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|Trustees||A A Reeves||
|---|---|---|---|
|||M W Thowless-Reeves||
|||REPoole||
|||Jon Moulton||
|Auditors||RSM UK Audit|LLP|
|||10eFloor 103Colznore Row||
|||Birmingham||
|Bankers||Handelsbanken|pic|
|||1 Lakeside||
|||Festival Park||
|||Stoke on Trent||
|Investment|managers|Sorbus Partners|LLP|
|||41aEastgate Street||
|||Staiford||
|Registered|oftice|The Bradshaws||
|||Codsall||
|||Staffordshire||
|Legal advisers||Freeths LLP||
|Charity||271526||
|HMRC||EW40151||
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||||||2022|2021|
|---|---|---|---|---|---|---|
|||Note|Endowment|Unrestricted|Total|Total|
||||Fund|funds|||
|Income|||||||
|Investment
income||1(a)|348|78,975|79,323|100,699|
|Total income|||348|78,975|79,323|100,699|
|Expenditure|||||||
|Cost ofraising funds:|||||||
|Investment
management|costs|1(b)|20,543||20,543|21,375|
|Facilities and accountancy|costs|1(b)|8,104|15,148|23,252|19,019|
|Expenditure
on charitable|activities||||||
|Grants committed||1(b)||107,000|107,000|32,000|
|Total Expenditure|||(28,647)|(122,148)|(150,795)|(72,394)|
|Net income/expenditure|||||||
|before losses|||||||
|and gains on investments|||(28,299)|(43,173)|(71,472)|28,305|
|Net losses/gains/on
investments|||526,064||526,064|173,537|
|Net income and net movement||in funds|497,765|(43,173)|454,592|201,842|
|Reconciliation
offunds:|||||||
|Brought forward|||4,875,425|177,309|5,052,734|4,850,892|
|Total funds ofthe Endowment|||||||
|carried forward||5|5,373,190|134,136|5,507,326|5,052,734|
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|||||2022||2021|
|---|---|---|---|---|---|---|
|||Note|Capital|Unrestricted|Total|Total|
||||Endowment||||
||||8||||
|Fixed assets|||||||
|Investments||3|5,398,874||5,398,874|4,887,659|
|Current
assets|||||||
|Cash at Bank|||(16,084)|166,511|150,427|228,950|
|Current liabilities|||||||
|Creditors amounts|falling|4|||||
|due within one year|||(9,600)|(32,375)|(41,975)|(63,875)|
|Net current assets|||(25,684)|134,136|108,452|165,075|
|Net assets||6|5,373,190|134,136|5,507,326|5,052,734|
|The funds ofthe charity:|||||||
|Capital Endowment|||5,373,190||5,373,190|4,875,425|
|Unrestricted||||134,136|134,136|177,309|
|Total charity funds|||5,373,190|134,136|5,507,326|5,052,734|
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|||||2022||2021|
|---|---|---|---|---|---|---|
|||Note|Capital|Unrestricted|Total|Total|
||||Endowment||||
|Fixed assets|||||||
|investments||3|5,398,874||5,398,874|4,887,659|
|Current assets|||||||
|Cash at Bank|||(16,084)|166,511|150,427|228,950|
|Current liabgities|||||||
|Creditors
amounts|falling|4|||||
|due within one year|||(9,600)|{32,375)|{41,975)|(63,875)|
|Net current assets|||(25,684)|134,136|108,452|165,075|
|Net assets||6|5,373,190|134,136|5,507,326|5,052,734|
|The funds ofthe charity:|||||||
|Capital Endowment|||5,373,190||5,373,190|4,875,425|
|Unrestricted||||134,136|134,136|177,309|
|Total charity funds|||5,373,190|134,136|5,507,326|5,052,734|
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||||Note|2022|2021|
|---|---|---|---|---|---|
|CASH FLOWS FROM OPERATING ACTIVITIES:||||||
|Net (expenditure)/income
for the reporting|period|||454,592|201,842|
|Investment
(gains)/losses||||(526,412)|(173,538)|
|(Decrease)/increase
in creditors||||(21,900)|(23,440)|
|Investment
income received||||(78,975)|(100,699)|
|NET INCOME USED IN OPERATING ACTIVITIES||||(172,695)|(95,835)|
|CASH FLOWS FROM INVESTING ACTIVITIES:||||||
|Investment
income:||||||
|Interest received||||348||
|Dividends
received||||44,733|67,023|
|Rent received||||34,242|33,676|
|Proceeds from sale ofinvestments||||783,457|1,658,815|
|Purchase ofinvestments||||(768,608)|(1,643,513)|
|NET CASH GENERATED FROM INVESTING ACTIVITIES||||94,172|116,001|
|DECREASE/(INCREASE)
IN CASH AND CASH EQUIVALENTS||||||
|IN THE REPORTING PERIOD||||(78,523)|20,166|
|Cash and cash equivalents
at the beginning|ofthe reporting|period||228,950|208,784|
|CASH AND CASH EQUIVALENTS AT|THE END|||||
|OF THE REPORTING PERIOD||||150,427|228,950|
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|1.|Statement offinancial|activities|||
|---|---|---|---|---|
|a)|Investment
income||2022|2021|
||Unrestricted
funds:||||
||Bonds||5,857|4,426|
||Equities||31,927|56,311|
||Property (funds)||6950|6,286|
||Property (direct)||34,242|33,676|
||||78,795|100,699|
|b)|Total resources expended||2022|2021|
||||Support||
||||Costs|Total|
||||8||
||Unrestricted:||||
||Charitable
activities:||||
||Grants||107,000|3&,000|
||Facilities/accountancy|costs|15 148|11638|
||||122,148|43,638|
||Endowment:||||
||Investment
management|and|||
||custodial costs||20,543|21,375|
||Facilities/accountancy|costs|8,104|7,381|
||||28,647|28,756|
||Total Resources expended||150,795|72,394|
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||2022|2021|
|---|---|---|
|Net movement
in funds for the financial year is stated|||
|after charging:|||
|Auditor's
remuneration|7,800|7,200|
|Indemnity
insurance ofTrustees|961|942|
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|||||Property|Property|Total|
|---|---|---|---|---|---|---|
||Cash|Bonds|Equities|(funds)|(direct)||
|At beginning ofyear|268,991|250,151|2,040,511|222,132|2,105,874|4,887,659|
|Disposals/gains||(34,987)|(150,125)|(27,606)|738,782|526,064|
|Additions||428,021|335,243|-|5,344|768,608|
|Disposals|||||||
|at carrying
value|(106,322)|(40,757)|(586,743)|(49,635)||(783,457)|
|at end ofyear|162,669|602,428|1,638,886|144,891|2,850,000|5,398,874|
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|Amounts|falling due within|one year|||
|---|---|---|---|---|
||||2022|2021|
||||Total|Total|
|Accruals|and deferred income||17,975|15,875|
|Accruals|for grants payable|in 2023|24,000|48,000|
|Total|||41,975|63,875|
##
|||Brought||||Carried|
|---|---|---|---|---|---|---|
|||forward
8|Income|Expenditure|Gainsf|forward|
|Endowment||4,875,425||(28,647)|526,412|5,373,190|
|Unrestricted|funds|177,309|78,975|(122,148)||134,136|
|||5,052,734|78,975|(150,795)|526,412|5,507,326|
||Investments|Cash at|Creditors|Net assets|
|---|---|---|---|---|
|||bank|||
|Endowment|5,398,874|(16,084)|(9,600)|5,373,190|
|Unrestricted||166,511|(32,375)|134,136|
||5,398,874|150,427|(41,975)|5,507,326|
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|Grants||
|---|---|
|1971 —1979|235,713|
|1980-1989|796,763|
|1990 —1999|1,345,000|
|2000 —2009|1,646,000|
|2010—2019|1,764,761|
|2020|56,000|
|2021|56,000|
|2022|131,000|
|Total Grants|6,031,237|