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|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||
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|||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|
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||||||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|
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|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|
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|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|
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|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|
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|||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|
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|||||||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|