| 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 | 13-17 |
| Address of | charity: | C/o Tyndallwoods | |
|---|---|---|---|
| 29Woodbourne | Road | ||
| Edgbaston | |||
| BIRMINGHAM | |||
| B178BY | |||
| Charity number: | 501567 | ||
| Trustees | Mrs JDyke | ||
| Ms D Gauton | |||
| Ms SThomas | |||
| Ms YMessam | |||
| Mrs M Baker | |||
| Mrs RFox | |||
| 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 &Thompson | |||
| 2-6 Manor Square, | |||
| Solihuii | |||
| B913PX |
| Note | Unrestricted | Acids | Acids | Funds | Funds | |||
|---|---|---|---|---|---|---|---|---|
| Designated | Designated | Unrestricte | Total | Total | ||||
| Cyclical | d | |||||||
| Extraordinary | ||||||||
| 2022f | 2022 | 2022 | 2022f | 2021 | ||||
| Activities for generating | funds | |||||||
| Rent receivable &other income | 21,362 | 21,362 | 19,847 | |||||
| Income &om investments | 25,739 | 25,739 | 22,423 | |||||
| Total income | 471~I | 47101 | 42270 | |||||
| Expenditure on charitable |
||||||||
| activities | ||||||||
| Charitable expenditure |
||||||||
| Support costs | 3 | 20,718 | 20,718 | 15,614 | ||||
| Management and administration |
4 | 25,677 | 25,677 | 23,496 | ||||
| Total expenditure | 46395 | 46395 | 39110 | |||||
| Net income/(expenditure) | 706 | 706 | 3,160 | |||||
| Property revaluation | 330,379 | |||||||
| Gains and losses on investments | ||||||||
| Unrealised gains/(losses) |
(2,947) | (2,947) | 233,787 | |||||
| Realised gains/(losses) | 31 133 | 31 133 | 10998 | |||||
| Net movement in funds |
28,1192 | 28,892 | 578,324 | |||||
| Interfund Transfers |
||||||||
| 28,892 | 28,892 | 578,324 | ||||||
| Balance at 6April 2021 | 4,535 | 15,035 | 1,461428 | 1,480,798 | 902,474 | |||
| Balance at 5April 2022 | 11 | 4 535 | 15035 | 1490 120 | 1 509690 | 1480 798 |
| INCOME FROM INVESTMENTS | 2022 | 2021 |
|---|---|---|
| Fixed interest securities —interest | 2,034 | 839 |
| Worldwide equities —dividends |
23,705 | 21,569 |
| Bank deposits —interest | 15 | |
| 25,739 | 22423 | |
| SUPPORT COSTS | f | |
| Insurance | 5,804 | 5,393 |
| General rates | 1,027 | |
| Water rates | 1,155 | 1,458 |
| Light and heat | 480 | 111 |
| General repairs and external decorating | 7722 | 1,771 |
| Cleaning and pest control |
1,343 | 1,051 |
| Grants paid | 4,214 | 4,803 |
| 26 718 | 13614 |
| 4 | MANAGEMENT | AND | ADMINISTRATION | ADMINISTRATION | 2022 | 2021f | |
|---|---|---|---|---|---|---|---|
| Legal fees | 7,525 | 6,977 | |||||
| Accountancy | 3,634 | 3,474 | |||||
| Brokers management | fees | 9,636 | 7,926 | ||||
| BCOP management | fees | 4,333 | 4,727 | ||||
| Trustees' insurance |
549 | 392 | |||||
| Trustees' meeting |
expenses | ||||||
| Bank Charges | |||||||
| 26 677 | 23496 | ||||||
| Included in accountancy Independent Examination |
fees are governance costs relating to the ofthe accounts off1,600(2021:I1,500) |
| TAN | GIBLE FIXEDASSETS | Freehold | Total |
|---|---|---|---|
| Property- | |||
| Alltlshouses | |||
| Cost | f | ||
| At 5 | April 2021 and 2022 | 69 627 | 69,621 |
| Revaluations | |||
| At 6a | April 2021 | 330,379 | |
| Revaluation in year |
330,379 | ||
| At 5o | April 2022 | 330,379 | 330,379 |
| Net BookValues | |||
| At 5a | April 2022 | 400,000 | 400,000 |
| At 5o | April 2021 | 400 000 | 40tl tl00 |
| INVESTMFP | KS | Cash | ||||
|---|---|---|---|---|---|---|
| Charities | held | |||||
| Quoted | Property | for | ||||
| Investments | Fund | reinvestment | Total | |||
| f | ||||||
| Market Value | at 6a April | 2021 | 976,496 | 46,514 | 25,757 | 1,048,767 |
| Additions | 45,912 | 2,417 | 48,329 | |||
| Disposals | (17,092) | (17,092) | ||||
| Net unrealised | invesnnent | gains | (10,449) | 7,502 | (2,947) | |
| Market Value | at 5a April | 2022 | 994867 | 54016 | 28 174 | I 077057 |
| Market | |||||
|---|---|---|---|---|---|
| Investments | comprise:- | Costf | Value | ||
| General Reserves Fund | |||||
| Charities Property Fund | 50,230 | 54,016 | |||
| Shares held | 673,129 | 994,867 | |||
| Cash held for | reinvestment | 28 174 | 28 174 | ||
| 751 533 | 1077 057 | ||||
| 8 | CASH AND | BANK BALANCES | 2022 | 2021 | |
| Lloyds TSB | - Current account | 8,582 | 8,582 | ||
| - High Interest cheque account | 14,017 | 19,407 | |||
| 22 599 | 27 990 | ||||
| 9 | DEBTORS | 2022 | 2021 | ||
| f | |||||
| Prepayments | aud accrued income | 1,700 | 1,541 | ||
| Other Debtors | 15749 | 9580 | |||
| 17449 | 11 121 | ||||
| 2022 | 2021 | ||||
| 10 | CREDITORS: AMOUNTS FALLING DUE WITHIN | ||||
| ONE YEAR | |||||
| Other creditors | |||||
| Accruals and | deferred income | 7415 | 7080 | ||
| 7415 | 7,080 |
| Balance | Investment | Balance | ||||
|---|---|---|---|---|---|---|
| 06-Apr- | Incoming | Outgoing | Gains and | 05-Apr-22 | ||
| 21 | property | |||||
| revaluation | ||||||
| Unrestricted | Funds: | |||||
| General Reserves | ||||||
| Fund | 1,461,228 | 47,101 | (46,395) | 28,186 | 1,490,120 | |
| Designated | Funds: | |||||
| Extraordinary | ||||||
| Repair Fund | 4,535 | 4,535 | ||||
| Cyclical | ||||||
| Maintenance | Fund | 15,035 | 15,035 | |||
| Total Funds | 1,480,798 | 47,101 | (46,395) | 28,186 | 1,509,690 |
| Market | ||||
|---|---|---|---|---|
| Summary | Cost | Value | Income | |
| Charties Property | fund | 50,230 | 54,016 | 1,897 |
| Shares held | 673,129 | 994,867 | 23,842 | |
| Cash held by brokers for reinvesbnent | 28,174 | 28,174 | ||
| 751 533 | 1077 057 | 25,739 | ||
| Bank and other interest received | ||||
| Total | 25 739 |
| Market | |||||
|---|---|---|---|---|---|
| Shares held | Cost | Value | Income | ||
| 37,397.00 | Charties Property | fund | 50429.79 | 54,016.23 | 1,897 |
| 50 29.79 | 54016.23 | 1897 | |||
| 1,200.00 | Ishares IIPlc core | uk gilts | 15,008.99 | 15,540.00 | 133 |
| 17,500.00 | Royal London Assest Management | 16,037,00 | 13,804.00 | 676 | |
| 2,500.00 | Polar Capital Funds Global Convertible | 20,596.00 | 20,400.00 | 896 | |
| 20,000.00 | Sequoia Economic | Intra Inc FDNPV | 18,886.62 | 20,480.00 | 1,250 |
| 400.00 | Lyxor US Tips UCITS ETF | 40,971.16 | 45,338.00 | 261 | |
| 760.00 | Xtracker ETCphysical gold |
16,943.74 | 18,025.30 | ||
| 1,700.00 | ICGEnterprise Trust | 14,951.50 | 19,618.00 | 459 | |
| 1,700.00 | NB Private Equity | Partners | 10,652.40 | 28,050.00 | 1,100 |
| 7,500.00 | Link fund solutions | ltd Trojan Sinc | 18,444.86 | 24,090.75 | 47 |
| 14,554.00 | International Public Partnership |
14,310.46 | 24,945.56 | 1,086 | |
| 8,300.00 | Warehouse Reit |
10,043.00 | 14,342.40 | 514 | |
| 11/71.00 | SDCL Energy EIIIciency Inc Tst | 11,826.49 | 13,660.45 | 585 | |
| 13,500.00 | JLEN Enviromental | Asset NPV | 14,984.33 | 14,985.00 | 917 |
| 15,128.00 | Assura PLC | 7,649.64 | 10,385.37 | ||
| 1,333.00 | Vistry Group PLC | 15,506.07 | 12,676.83 | 532 | |
| Carried Forward | 246812.41 | 296 41.66 | 8899 |
| Market | |||||||
|---|---|---|---|---|---|---|---|
| Shares held | Cost | Value | Income | ||||
| Brought forward | 246,812.41 | 296,341.66 | 8,899 | ||||
| 769.00 | Compass Group | 5,762.28 | 12,661.59 | 108 | |||
| 400.00 | Cranswick | 14,782.04 | 14,312.00 | ||||
| 900 | Associated British | foods | 20,577.90 | 14,787.00 | 364 | ||
| 3,000.00 | Stanard Chartered | PLC ord | 14,788.28 | 14,988.00 | 260 | ||
| 700.00 | Prudential Ord |
4,850.85 | 7,934.50 | 81 | |||
| 3,400.00 | Blackrock Tlu'ogmorton | Trust | 6,846.54 | 25,840.00 | 357 | ||
| Montanaro Asset Management |
UK | ||||||
| 9,400.00 | Income GBP Seed | 19,284.10 | 20,980.00 | 711 | |||
| 17,000.00 | Diverse Income Trust Pic | 10,783.39 | 18,360.00 | 646 | |||
| 7,000.00 | Mercantile Investment |
Trust | 4/89.71 | 15,400.00 | 469 | ||
| 2,500.00 | BP Ord | 12,872.25 | 9,572.50 | 398 | |||
| 800.00 | Royal Dutch Shell | 5,332.88 | 16,968.00 | 528 | |||
| Carried Forward | 366982.63 | 468146.05 | 12821 |
| Market | ||||
|---|---|---|---|---|
| Shares held | Cost | Value | Income | |
| Brought forward | 366,982.63 | 468,146.05 | 12,821 | |
| 300.00 | Rio Tinto | 3,693,35 | 18,360.00 | 2,078 |
| 4,200.00 | Smith (DS)Ord GBP0.10 | 15,135.34 | 13,423.20 | 508 |
| 400.00 | Johnson Matthey | 4445.00 | 7,796.00 | 288 |
| 200.00 | Astrazenca | 16,807.00 | 20,668.00 | 420 |
| 650.00 | Experian Plc | 5,989.31 | 19,220.50 | 229 |
| 3,400.00 | Rotork | 11,885.46 | 11,084.00 | 80 |
| 916.00 | National Grid Transco ord 0.10 |
3,810.32 | 11,092.76 | 452 |
| 5,000.00 | Vodafone Group Ord Incl Verizon | 7,697.27 | 6,274.00 | 380 |
| Findlay Park Funds PLC Amerivan | ||||
| 560.52 | GBP Hedged | 36,965.41 | 49,819.02 | |
| 4,600.00 | JP Morgan Asset Mgmt UK Ltd | 14,958.98 | 20,120.40 | 348 |
| 500.00 | Vanguard Fund Plc |
18,160.29 | 32,985.63 | 360 |
| 1400.00 | Montanaro Eur Sml Cos Trust |
6,247.50 | 19,992.00 | 111 |
| 7,698.74 | JP Morgan Asset Management | 10,132.59 | 18,985.09 | 393 |
| 25,000.00 | Jupiter Unit trust | 23,055.42 | 29470.00 | |
| Carried Forward | 545765.87 | 747236.65 | 18914 |
| Market | |||||||
|---|---|---|---|---|---|---|---|
| Shares held | Cost | Value | Income | ||||
| Brought forward | 545,765.87 | 747,236.65 | 18,914 | ||||
| 2,816.00 | Pacific assets trust | 7,125.23 | 8,997.12 | 68 | |||
| 15,000.00 | Schroder Oriental | 19,937.00 | 40,875.00 | 1,575 | |||
| 16,200.00 | Ninety one fund | 20,149.79 | 17,355.06 | ||||
| 13,250.00 | Templeton Emg Mkts Inv Trust |
16,229.32 | 20,537.50 | ||||
| 1,100.00 | Allianz Technology | Trust Pic | 8462.73 | 30,085.00 | |||
| 8,000.00 | Fundsmith LLP |
12,195.33 | 44,612.80 | 77 | |||
| 2,200.00 | Polar Capital Funds | 7,381.19 | 15,112.24 | 188 | |||
| 3,700.00 | Scottish Mortgage | Inv Trust | 17,589.57 | 38,184.00 | 129 | ||
| 1,450.00 | Guinness Asset management |
18,420.66 | 26,740.18 | 587 | |||
| 124.00 | M&G Securities Charibond | Acc | 72.02 | 5,131.06 | 72 | ||
| 339.46 | CCLA Investment | management | 178 | ||||
| SOLD | M&.G Securities Charifund | inc | 215 | ||||
| SOLD | M&G PLC | 86 | |||||
| SOLD | Unilever | 495 | |||||
| SOLD | Glaxosmithkline | 378 | |||||
| SOLD | Jackson financial INC | 332 | |||||
| Shares held | 673128.71 | 994866.61 | 23 842 | ||||
| 723 58.50 | 1048882.84 | 25739 |