| INDEX TO FINANCIAL | INDEX TO FINANCIAL | STATEMENTS AND REPORTS | STATEMENTS AND REPORTS | |
|---|---|---|---|---|
| Page | ||||
| Legal and | Administrative | Details | ||
| Trustees ' | Report | |||
| Report of | the Independent | Examiner | ||
| Statement | ofFinancial Activities | |||
| Balance Sheet | ||||
| Notes to the Financial Statements |
8-12 | |||
| Additional | information for Trustees: |
|||
| Schedules | ofInvestments | and Investment | Income | 13-15 |
| Address of | charity: | C/o Tyndallwoods | |
|---|---|---|---|
| 29Woodbourne | Road | ||
| Edgbaston | |||
| BIRMINGHAM | |||
| B178BY | |||
| Charity number: | 501567 | ||
| Trustees | Mrs PRowley | ||
| Ms D Gauton | |||
| Ms SThomas | |||
| Mrs JDyke | |||
| Ms YMessam | |||
| Mrs M Baker | |||
| Mrs RFox (21/10/2020) | |||
| Bankers: | Lloyds TSB | ||
| 125Colmore Row | |||
| BIRMINGHAM | |||
| B33AD | |||
| Investment | Brokers: | Smith and Williamson | |
| Investment Management |
|||
| Third Floor | |||
| 9Colmore Row | |||
| BIRMINGHAM | |||
| B32BJ | |||
| Independent | Examiner: | Mr P Georgiades | FCA |
| Chartered Accountant | |||
| Flint tk Thompson | |||
| 2-6 Manor Square, | |||
| Solihull | |||
| B913PX |
| Note | Unrestricted | Funds | Funds | Funds | Funds | ||||
|---|---|---|---|---|---|---|---|---|---|
| Designated | Designated | Unrestricte | Total | Total | |||||
| Cyclical | d | ||||||||
| Extraordinary | |||||||||
| 2021f | 2021 f |
2021 f |
2021f | 2020 | |||||
| Activities for generating | funds | ||||||||
| Rent receivable k other income | 19,847 | 19,847 | 17,754 | ||||||
| Income from investments | 22,423 | 22,423 | 27,366 | ||||||
| Total income | 42,270 | 42,270 | 45 120 | ||||||
| Expenditure on charitable |
|||||||||
| activities | |||||||||
| Charitable expenditure |
|||||||||
| Support costs Management and administration |
3 4 |
15,614 23,496 |
15,614 23,496 |
18,695 24,665 |
|||||
| Total expenditure | 39110 | 39110 | 43360 | ||||||
| Net income/(expenditure) | 3,160 | 3,160 | 1,760 | ||||||
| Property revaluation | 330,379 | 330,379 | |||||||
| Gains and losses on investments | |||||||||
| Unrealised gains/(losses) |
233,787 | 233,787 | (129,473) | ||||||
| Realised gains/(losses) | 10,998 | 10,998 | ~941 | ||||||
| Net movement in funds |
578,324 | 578,324 | (137,129) | ||||||
| Interfund Transfers |
|||||||||
| 578,324 | 578,324 | (137,129) | |||||||
| Balance at 6 April 2020 | 4,535 | 15,035 | 882,904 | 902,474 | 1,039,603 | ||||
| Balance at 5April 2021 | 11 | 4,535 | 15 035 | 1 | 461 228 | 1,480 798 | 902,474 |
| Notes | 2021 | 2020 | |||||
|---|---|---|---|---|---|---|---|
| f. | |||||||
| FIXEDASSETS | |||||||
| Tangible | 400,000 | 69,621 | |||||
| Investments | 1,048 767 | 805,772 | |||||
| 1,448,767 | 875,393 | ||||||
| CURRENT | ASSETS | ||||||
| Cash at bank | and in hand | 8 | 27,990 | 32,599 | |||
| Debtors | 9 | 11 121 | 1 492 | ||||
| 39,111 | 34,091 | ||||||
| CREDITORS: within one year |
amounts | faIling | due | 10 | 7080 | ~7010 | |
| NKT CURRENT | ASSETS | 32,031 | 27,081 | ||||
| NKT ASSETS | 1480 798 | 902 474 | |||||
| Represented | by | ||||||
| Unrestricted | funds | 1,480,798 | 902,474 | ||||
| 1,480,798 | 902,474 |
| INCOME FROM INVESTMENTS | 2021 | 2020 |
|---|---|---|
| g | ||
| Fixed interest securities - interest | 839 | 5,099 |
| Worldwide equities —dividends |
21,569 | 22,202 |
| Bank deposits - interest | 15 | 65 |
| 22 423 | 27,366 | |
| SUPPORT COSTS | ||
| Insurance | 5,393 | 4,810 |
| General rates | 1,027 | |
| Water rates | 1,458 | 1,399 |
| Light and heat | 111 | 716 |
| General repairs and external decorating | 1,771 | 9,491 |
| Cleaning and pest control |
1,051 | 1,684 |
| Grants paid | 4,803 | 595 |
| 15614 | 18 695 |
| For | the year ended 5th | April 2021 | ||
|---|---|---|---|---|
| 4 | MANAGEMENT | AND ADMINISTRATION | 2021 | 2020 |
| Legal fees | 6,977 | 7,334 | ||
| Accountancy | 3,474 | 3,540 | ||
| Brokers management | fees | 7,926 | 8,521 | |
| BCOP management | fees | 4,727 | 4,727 | |
| TIIlstees sisal ance |
392 | 392 | ||
| Trustees' meeting expenses |
84 | |||
| Bank Charges | 67 | |||
| 23,496 | 24 666 |
| Trustees received no remuneration and no expenses |
Trustees received no remuneration and no expenses |
in the year (2020:fail). | ||
|---|---|---|---|---|
| 6 | TANGIBLE FIXEDASSETS | Freehold | Total | |
| Property- | ||||
| Almshouses | ||||
| Cost | ||||
| At 5a April | 2020 and 2021 | 69 621 | 69,621 | |
| Revaluations | ||||
| At 5a April | 2020 | |||
| Revaluation | in year | 330,379 | -230,379 | |
| Net BookValues | ||||
| At 5a April 2021 | 400,000 | 400,000 | ||
| At 5a April 2020 | 69622 | 69621 |
| INVESTMEN | TS | Cash | ||||
|---|---|---|---|---|---|---|
| Charities | held | |||||
| Quoted | Property | for | ||||
| Investments | Fund | reinvestment | Total | |||
| Market Value | at 6a April | 2020 | 706,458 | 47,300 | 52,014 | 805,772 |
| Additions | 137,860 | 137,860 | ||||
| Disposais | (113/15) | (26457) | (139,472) | |||
| Net unrealised | invesnnent | gains | 245,393 | (786) | 244,607 | |
| Market Value | at 5a April | 2021 | 976496 | 46,514 | 25 757 | 1 048 767 |
| Market | ||||
|---|---|---|---|---|
| Investments | comprise:- | Cost | Value | |
| General Reserves Fund | ||||
| Charities Property Fund | 50,230 | 46,514 | ||
| Shares held Cash held for reinvestment |
645,559 25 757 |
976,496 25,757 |
||
| 721,546 | 1 048 767 | |||
| 8 | CASH AND | BANK BALANCES | 2021 | 2020 |
| g | ||||
| Lloyds TSB | -Current account | 8,582 | 8,582 | |
| -High Interest cheque account | 19,408 | 24,017 | ||
| 27 990 | 32599 | |||
| 9 | DEBTORS | 2021 | 2020 | |
| Prepaynrents Other Debtors |
and accrued income | 1,541 9580 |
1,492 | |
| 11,121 | 1 492 | |||
| 2021 | 2020 | |||
| 10 | CREDITORS: AMOUNTS FALLING DUE WITHIN | |||
| ONK YEAR | ||||
| Other creditors | 18 | |||
| Accruals and | deferred income | 7 0811 | 6992 | |
| 7,080 | 7010 |
| Balance 06-Apr- 20 |
Incomi ng |
Outgoi ng |
Investme nt Gains |
Interfun d Transfer |
Balance 05-Apr-21 |
||
|---|---|---|---|---|---|---|---|
| and | s | ||||||
| property | |||||||
| revaluati | |||||||
| on | |||||||
| Unresfzicted | Funds: | ||||||
| General Reserves | |||||||
| Fund | 882,904 | 42,270 | (39,110) | 575,164 | 1,461428 | ||
| Designated | Funds: | ||||||
| Extraordinary | |||||||
| Repair Fund | 4,535 | 4,535 | |||||
| Cyclical | |||||||
| Maintenance | Fund | 15,035 | 15,035 | ||||
| Total Funds | 902,474 | 42,270 | (39,110) | 575,164 | 1,480,798 |
| Market | |||
|---|---|---|---|
| Summary | Cost | Value | Income |
| Charties Property fund | 50/30 | 46,514 | 1,961 |
| Shares held | 645,559 | 976,496 | 24,014 |
| Cash held by brokers for reinvestment | 25,757 | 25,757 | |
| 721,546 | 1,048 767 | 25,975 | |
| Bank and other interest received | 15 | ||
| Total | 25 990 |
| VESTMENT | S AND INVESTMENT INCOME | |||
|---|---|---|---|---|
| Market | ||||
| Shares held | Cost | Value | Income | |
| 37,397.00 | Charties Property fund | 50,229.79 | 46,514.39 | 1,961 |
| 50 29.79 | 46514.39 | I 61 | ||
| 1,200.00 | Ishares IIPlc core uk gilts | 15,008.99 | 16,532.40 | 200 |
| 17,500.00 | Royal London Assest Management | 16,037.00 | 14,334.25 | 658 |
| 2,500.00 | Polar Capital Funds Global Convertible | 20,592.25 | 22,700.00 | 942 |
| 20,000.00 | Sequoia Economic Infra Inc FDNPV | 18,886.62 | 20,800.00 | 1,250 |
| 400.00 | Lyxor US Tips UCITS ETF | 40,946.12 | 44,390.00 | 224 |
| 760.00 | Xtracker ETCphysical gold | 16,943.74 | 16,315.30 | |
| 1,700.00 | ICG Enterprise Trust |
14,951.50 | 17,340.00 | 459 |
| 1,700.00 | NB Private Equity Partners | 10,652.40 | 19,550.00 | 1,224 |
| 7,500.00 | Link fund solutions ltd Trojan Sinc |
18,444.86 | 21,428.25 | 107 |
| 14,554.00 | International Public Partnership |
14,310.46 | 24,479.83 | 1,099 |
| 8,300.00 | Warehouse Reit |
10,043.00 | 10,707.00 | 515 |
| 9,661.00 | SDCL Energy Efficiency Inc Tst | 10,047.44 | 10,916.93 | 543 |
| 13,500.00 | JLEN Enviromental Asset NPV |
14,984.33 | 15,012.00 | 918 |
| 15,128.00 | Assure PLC | 7,649.64 | 10,967.80 | |
| 1,333.00 | Vistry Group PLC | 15,506.22 | 14,649.67 | 267 |
| Carried Forward | 245004.57 | 280 123.43 | 8854 |
| Market | |||||||
|---|---|---|---|---|---|---|---|
| Shares held | Cost | Value | Income | ||||
| Brought forward | 245,004.57 | 280,123.43 | 8,854 | ||||
| 769.00 | Compass Group |
5,762.28 | 11,496.55 | ||||
| 3,000.00 | Stanard Chartered PLC | ord | 14,788.28 | 14,706.00 | 360 | ||
| 700.00 | Prudential Ord |
4,850.85 | 10,860.50 | 83 | |||
| 700.00 | Md?GPLC | 774.17 | 1,465.80 | 128 | |||
| 1,000.00 | M6IG Securities Charifund | Inc | 14,719.70 | 670 | |||
| 3,400.00 | Blackrock Throgmorton | Trust | 6,846.54 | 27,540.00 | 347 | ||
| Montanaro Asset Management |
UK | ||||||
| 9,400.00 | Income GBP Seed | 19,284.10 | 20,501.40 | 501 | |||
| 17,000.00 | Diverse Income Trust Pic | 10,783.39 | 18,827.50 | 629 | |||
| 7,000.00 | Mercantile Investment |
Trust | 4,289.71 | ~ 17,920.00 | 469 | ||
| 900.00 | Associated British foods | 20,577.90 | 22,059.00 | 56 | |||
| 450.00 | Unilever | 7,795.49 | 18,099.00 | 671 | |||
| 2,500.00 | BPOrd | 12,872.25 | 7,245.00 | 546 | |||
| 800.00 | Royal Dutch Shell | 5,332.88 | 10,683.20 | 715 | |||
| Carried Forward | 358962.41 | 476 7.08 |
14029 |
| VESTMENT | S ANDINVES~ INCOME | ||||
|---|---|---|---|---|---|
| Market | |||||
| Shares held | Cost | Value | Income | ||
| Brought forward | 358,962.41 | 476,247.08 | 14,029 | ||
| 300.00 | Rio Tinto | 3,693.35 | 16,440.00 | 1,878 | |
| 4,200.00 | Smith (DS)Ord GBP0.10 | 15,135.34 | 17,371.20 | 508 | |
| 400.00 | Johnson Matthey | 4,245.00 | 12,056.00 | 280 | |
| 900.00 | Glaxosmithkline | 8,190.51 | 11,498.40 | 720 | |
| 650.00 | Experian Plc | 5,989.31 | 16,549.00 | 223 | |
| 916.00 | National Grid Transco ord 0.10 |
3,810.32 | 7,909.66 | 450 | |
| 5,000.00 | Vodafone Group Ord Incl Verizon | 7,697.27 | 6,683.00 | 391 | |
| Findlay Park Funds PLC Amerivan | |||||
| 560.52 | GBPHedged | 36,965.41 | 47,319.10 | ||
| 4,600.00 | JPMorgan Asset Mgmt UK Ltd | 14,958.98 | 17,181.00 | 357 | |
| 500.00 | Vanguard Fund Plc |
18,160.29 | 27,449.38 | 458 | |
| 1,200.00 | Montanaro Eur Sml Cos Trust |
6,247.50 | 19,320.00 | ||
| 7,698.74 | JP Morgan Asset Management | 9,739.18 | 17,837.98 | 393 | |
| 25,000.00 | Jupiter Unit trust | 23,267.50 | 29,167.50 | 569 | |
| Carried Forward | 51706227 | 72302920 | 20 | 69 |
| Market | |||||
|---|---|---|---|---|---|
| Shares held | Cost | Value | Income | ||
| Brought forward | 517,062.37 | 723,029.30 | 20,369 | ||
| 2,816.00 | Pacific assets trust | 7,125.23 | 8,954.88 | ||
| 15,000.00 | Schroder Oriental | 19,937.00 | 41,850.00 | 1,545 | |
| 16,200.00 | Ninety one fund | 20,105.82 | 20,337.48 | 95 | |
| 2,650.00 | Templeton Emg Mkts Inv Trust |
16,229.32 | 27,083.00 | 769 | |
| 1,100.00 | Allianz Technology | Trust Plc | 8,262.73 | 30,415.00 | |
| 8,000.00 | Fundsmith LLP |
12,195.33 | 40,672.00 | 55 | |
| 2,200.00 | Polar Capital Funds | 7,381.19 | 12,771.88 | 196 | |
| 3,700.00 | Scottish Mortgage | Inv Trust | 17,589.57 | 43,068.00 | 127 |
| 1,450.00 | Guinness Asset management |
18,420.66 | 22,954.95 | 612 | |
| 124.00 | Md' Securities Charibond Acc | 5,270.95 | |||
| Shares held | 644 09.22 | 976407.44 | 23836.00 | ||
| 694 39.01 | 1022921.83 | 25797.00 |