||Page|
|---|---|
|Trustees and Advisers||
|Trustees' Report||
|Auditors'
Report||
|Consolidated
Statement ofFinancial Activities|10|
|Charity Statement of Financial Activities||
|Consolidated
Balance Sheet|12|
|Charity Balance Sheet|13|
|Consolidated
Cash Flow|14|
|Charity Cash Flow|15|
|Notes to the Accounts|16|
##
|||REFERENCE|AND ADMINISTRATIVE|AND ADMINISTRATIVE|DETAILS|DETAILS|DETAILS|DETAILS|
|---|---|---|---|---|---|---|---|---|
|||for the|year ended 05April|2022|||||
||CHARITYNAME||The Alan Edward|Higgs|||Charity||
||REGISTERED NUMBER:||509367(England)||||||
||TRUSTEES:||M.F.Knatchbull-Hugessen|||||(Chairman)
*|
||||R.T.E.Higgs||||||
||||E.L. Barlow||||||
||||M.S.Franklin||||||
||||E.L.Bates —Appointed|||01||February 2022|
||||A.E.W. Barrett —Appointed
23 September 2021
S.A. Cooke —Appointed
23June 2021||||||
||CLERKTO THE TRUSTEES:||Dr G Willcocks||||||
||REGISTERED OFFICE||The Coventry
Building|||Society Arena|||
||||Judd's Lane||||||
||||Longford||||||
||||Coventry||||||
||||CV6 6GE||||||
||SOLICITORS:||Bnndley, Twist, Tafft||8 James||||
||||Lowick Gate||||||
||||Siskin Drive||||||
||||Coventry||||||
||||CV34FJ||||||
||||Bates Wells 8 Braithwaite|||||London LLP|
||||2 —6 Cannon St||||||
||||London||||||
||||EC4M 6YH||||||
||BANKERS:||Metro Bank||||||
||||Unit 70/71, Arndale|Centre|||||
||||59Terminus
Rd||||||
||||Eastbourne||||||
||||BN21 3NW||||||
||INVESTMENT FUND||Rathbone
Investment|||Management
Limited|||
||||8 Finsbury
Circus||||||
||||London||||||
||||EC2M 7AZ||||||
||||Ruffers LLP||||||
||||80Victoria Street||||||
||||London||||||
||||SW1E5JL||||||
||||Sarasin &Partners|LLP|||||
||||Juxon House||||||
||||100StPaul's Chrurchyard||||||
||||London||||||
||||EC4M 8BU||||||
||AUDITORS:||Dafferns LLP||||||
||||Chartered
Accountants||||||
||||Statutory
Auditor||||||
||||One Eastwood||||||
||||Harry Weston Road||||||
||||Binley Business Park||||||
||||Coventry||||||
||||CV3 2UB||||||
|'Trustee|holding|title to property|||||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||||Expendable|2022|2021|
|---|---|---|---|---|---|---|---|---|
||||||Income|endowment|Total|Total|
|||||Notes|fund|fund|funds|funds|
||||||E||F||
|Income and endowments|||from:||||||
|Activities for generating||funds|||||||
|Rental income|||||112,429||112,429|111,872|
|Trading
income|(discontinued)||||||||
|Property
management|||||133,500||133,500|82,350|
|Licence fees||||||||(4,775)|
|Investments|||||||||
|Quoted investments|||||337,373||337,373|270,146|
|Interest received|||||4||4|135|
|Voluntary
income||||||||(42,975)|
|Other income|||||||||
|Total income and endowments|||||583,306||583,306|416,753|
|Expenditure
on:|||||||||
|Raising funds|||||||||
|Trading subsidiaries|||||44,786||44,786|53,447|
|Investment
management|||costs||155,341|65,796|221,137|113,474|
|Charitable
activities|||||||||
|Grants payable|||||215,981||215,981|650,628|
|Grant making expenses|||||7,623||7,623|10,272|
|Other charitable|expenses||||15,246||15,246|20,544|
|Governance costs|||||43,341||43,341|54,727|
|Total expenditure|||||482,318|65,796|548,114|903,092|
|Net gains
/ (losses)|on|investments||13||631,963|631,963|2,952,945|
|Net gains
/ (losses)|on|exchange rates|||2,363||2,363||
|Net income
/ (expenditure)|||||103,351|566,167|669,518|2,466,606|
|Transfer between
funds|||||(1,928,950)|1,928,950|||
|Total funds brought|forward||||2,234,127|17,505,287|19,739,414|17,272,808|
|Total funds carried|forward|||18|408,528|20,000,404|20,408,932|19,739,414|
##
##
||||||Expendable|2022|2021|
|---|---|---|---|---|---|---|---|
|||||Income|endowment|Total|Total|
||||Notes|fund
E|fundf|funds
E|funds
F|
|Income and endowments||from:||||||
|Activities for generating
funds||||||||
|Rental income||||76,303||76,303|76,567|
|Gift aid receipts|from subsidiaries|||49,083||49,083|65,510|
|Licence fees|||||||(4,775)|
|Investments||||||||
|Quoted investments||||337,373||337,373|270,146|
|Interest received||||4||4|135|
|Voluntary
income|||||||(42,975)|
|Other income||||||||
|Total income and|endowments||3|462,763||462,763|364,608|
|Expenditure
on:||||||||
|Raising funds||||||||
|Investment
management||costs||146,197|65,796|211,993|99,738|
|Charitable
activities||||||||
|Grants payable||||215,981||215,981|650,628|
|Grant making expenses||||7,623||7,623|10,272|
|Other charitable|expenses|||15,246||15,246|20,544|
|Impairment
ofmixed motive social|||||||39,158|
|investments||||||||
|Governance
costs||||43,341||43,341|54,727|
|Total Expenditure||||428,388|65,796|494,184|875,067|
|Net gains / (losses)|on investments||14||631,963|631,963|2,873,394|
|Net gains /(losses)|on exchange rates|||2,363||2,363||
|Net income
/ (expenditure)||||36,738|566,167|602,905|2,362,935|
|Transfer between
funds||||(1,610,035)|1,610,035|||
|Total funds
brought|forward|||2,151,366|17,132,386|19,283,752|16,920,817|
|Total funds carried|forward||18|578,069|19,308,588|19,886,657|19,283,752|
##
|||CONSOLIDATED|CONSOLIDATED|BALANCE|SHEET|||
|---|---|---|---|---|---|---|---|
||||05April 2022|||||
|||||2022|||2021|
|||Notes||E||F||
|FIXEDASSETS||||||||
|Tangible Fixed Assets
Investments||12
13||2,505
20,017,376|||3,830
17,666,511|
|||||20,019,881|||17,670,341|
|CURRENT ASSETS||||||||
|Debtors
Cash at bank and
in hand||16|47,421
499,338|||43,789
2,096,303||
||||546,759|||2,140,092||
|CREDITORS: amounts|falling due|||||||
|within one year||17|157708|||~71 019||
|NET CURRENT ASSETS|||||389,051||2,069,073|
|TOTAL ASSETSLESS|CURRENT|||||||
|LIABILITIES BEING NETASSETS||||20,408,932|||19,739,414|
|CHARITYFUNDS:||||||||
|UNRESTRICTED FUNDS||||||||
|Income fund
Expendable
endowment|fund|||408,528
20,000,404|||2,234,127
17,505,287|
|TOTAL CHARITY FUNDS||18||20,408,932|||19,739,414|
##
||T|HE ALAN EDWARD HIG|HE ALAN EDWARD HIG|GS CHARITY|||
|---|---|---|---|---|---|---|
|||CHARITY BALANCE||SHEET|||
||||05April 2022||||
|||||2022||2021|
|||Notes|||||
|FIXEDASSETS|||||||
|Investments||14||19,325,560||16,974,695|
|CURRENT ASSETS|||||||
|Debtors
Cash at bank and in hand||16|235,769
429,492||261,251
2,092,355||
||||665,261||2,353,606||
|CREDITORS: amounts|faIling due||||||
|within one year||17|(104,164)||(44,549)||
|NET CURRENT ASSETS||||561,097||2,309,057|
|TOTAL ASSETSLESS|CURRENT||||||
|LIABILITIES BEING NET ASSETS||||19,886,657||19,283,752|
|FUNDS OF THE CHARITY:|||||||
|UNRESTRICTED FUNDS|||||||
|Income fund
Expendable
endowment|fund|||578,069
19,308,588||2,151,366
17,132,386|
|TOTAL CHARITY FUNDS||18||19,886,657||19,283,752|
##
##
|||2022|2021|
|---|---|---|---|
||Notes|E|F|
|Cash flow from operating
activities|19|(327,869)|(960,686)|
|Net cash flow from operating
activities||(327,869)|(960,686)|
|Cash flow from investing
activities||||
|Payments
to acquire tangible
fixed assets|||(1,590)|
|Payments
to acquire investments||(4„287,781)|(9,647,206)|
|Receipts from sales of investments||2,568,879|7,317,173|
|Interest received||4|135|
|Dividends
and other investment
income received||337,373|270,146|
|Rents received from investment
properties||112,429|111,872|
|Receipts from sales oftangible
fixed assets||||
|Net cash flow from investing
activities||(1,269,096)|(1,949,470)|
|Cash flow from financing
activities||||
|Interest paid||||
|Net cash flow from financing
activities||||
|Net increase
in cash and cash equivalents||(1,596,965)|(2,910,156)|
|Cash and cash equivalents
at 05 April 2021||2,096,303|5,006,459|
|Cash and cash equivalents
at 05April 2022||499,338|2,096,303|
##
||||2022|2021|
|---|---|---|---|---|
|||Notes|||
|Cash flow from operating
activities||20|(357,641)|(828,814)|
|Net cash flow from operating|activities||(357,641)|(828,814)|
|Cash flow from investing
activities|||||
|Payments
to acquire investments|||(4,287,781)|(9,671,172)|
|Receipts from sales ofinvestments|||2,568,879|7,317,173|
|Interest received|||4|135|
|Dividends
and other investment|income received||337,373|270,146|
|Rents received from investment|properties||76,303|76,567|
|Net cash flow from investing|activities||(1,305,222)|(2,007,151)|
|Cash flow from financing
activities|||||
|Interest paid|||||
|Net cash flow from financing|activities||||
|Net (decrease) Iincrease
in cash and cash equivalents|||(1,662,863)|(2,835,965)|
|Cash and cash equivalents
at|05April 2021||2,092,355|4,928,320|
|Cash and cash equivalents
at|05April 2022||||
||||429,492|2,092,355|
##
##
##
##
##
##
##
##
##
##
|Management|and adm|in|istration
costs ofthe trading subsidiaries:|||
|---|---|---|---|---|---|
|||||2022
F|2021f|
|Property
Management|||Company|||
|Salaries and|national|insurance||22,799|26,134|
|Legal and professional|||charges|3,980|2,608|
|Rent, rates and insurance||||4,297|6,015|
|Telephone||||3,076|3,909|
|Postage and|stationery|||953|1 ~121|
|Entertaining||||199||
|Repairs and|renewals|||1,584|736|
|Motor expenses||||6||
|Travelling||||284|143|
|Audit fees||||3,900|7,860|
|Accountancy||||1,915|3,462|
|Bank charges|and other||interest|287|252|
|Sundry expenses||||181|246|
|Depreciation|and profits||and losses on sales ofassets:|||
|Computer|equipment|||1,325|961|
|||||44,786|53,447|
|CHARITABLE ACTIVITIES|||||||2022
E|2021f|
|---|---|---|---|---|---|---|---|---|
|Grants payable|||||||||
|2""Warwick Sea Scouts||||||||9,000|
|Towards
fit out ofnew HQ for benefit||ofyoung||people|||||
|Alcester Youth Project||||||||5,000|
|To match funding
to develop the Hopkins|||play|area|||||
|Atrium
Health||||||||15,000|
|To repurpose space for community|use by people with||||long term||||
|health conditions|||||||||
|Armonico
Consort||||||||30,000|
|Towards programme
ofwork being|carried||out|across|schools|in|||
|Coventry
and Warwickshire|||||||||
|Atherstone
District Scout Council||||||||2,632|
|To provide camping
and expedition|equipment|||for use|by scout||||
|troops
in North Warwickshire|||||||||
|Bardsley Youth Project||||||||15,000|
|To support work with young homeless||people||in Coventry|||||
|Belgrade Theatre Trust||||||||45,000|
|To contribute
towards cost of multifunctional|||community||space||||
|Carried forward||||||||121,632|
##
##
##
##
|CHARITABLE ACTIVITIES —(CO|NTINU|ED)||||||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|||||||E|E|
|Brought forward|||||||121,632|
|Bipolar UK||||||2,552||
|To support
individuals
with Bipolar,|their families and||their carers|||||
|Birmingham
Disability Resource Centre||||||3,478||
|To empower disabled
people
in deprived||areas ofthe|West Midlands|||||
|Brain Tumour Support||||||3,168||
|To provide tailored support for families
in||the West Midlands||||||
|Carriers ofHope||||||12,000||
|To provide emergency
support to asylum||seekers, refugees||and migrants||||
|Children
with Cystic Fibrosis Dream|Holidays|||||1,580||
|To provide respite for a family from|Coventry|||||||
|Compass Support Services||||||5,000||
|To support
children
and families to|enjoy outdoor play|||||||
|Coventry
and District Credit Union|||||||15,500|
|To assist with bad debt provision
during COVID-19 pandemic.||||||||
|Coventry
City Mission||||||2,500||
|To provide disadvantaged
children|of Coventry
with Christmas||||Presents|||
|Coventry Foodbank|||||||8,000|
|Purchase of3level racking to increase warehouse
capacity||||||||
|Coventry
Haven Womens
Aid|||||||10,000|
|Grant to meet urgent need created|by COVID|||||||
|Coventry
Independent
Advice Service|||||||7,500|
|To provide video conferencing
facilities
in||community|facilities||to enable|||
|COVID secure advice.||||||||
|Coventry Refugee 8 Migrant Centre|||||||5,000|
|To continue the work ofthe Coventry
Health Champions||||||||
|To reach harder to reach migrant communities||||||||
|Coventry Samaritans|||||||10,000|
|Grant to meet urgent need created|by COVID|||||||
|CRASAC|||||||10,000|
|Grant to meet urgent need created|by COVID|||||||
|Dyspraxia|||||||1,000|
|To support
work with young people|affected by Dyspraxia|||in the West-Midlands||||
|EDT (The Engineering
Development|Trust|||||990||
|To fund a STEM experience
day for|young|people||||||
|Entrust Care Partnership|||||||6,000|
|To replace decking
round fixed mobile homes used for holidays||||||||
|Etch and Pin|||||||3,000|
|To help provide
Coventry
primary
schools||with series|ofchildren' s|||||
|books telling the city's history||||||||
|Carried forward||||||31,268|197,632|
##
##
##
|CHARITABLE ACTIVITIES —(C||O|NTIN|U|ED)||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||2022|2021|
||||||||||||||E|E|
|Brought forward|||||||||||||31,268|197,632|
|Friendship
project for children||||||||||||||4,000|
|To support an individual
counselling|||and||befriending|||scheme||||in|||
|Coventry
and Warwickshire|||||||||||||||
|Happy Days|||||||||||||1,000||
|To provide holidays
for children
with special needs||||||||and|their||families.||||
|Heart ofEngland
community
Foundation||||||||||||||250,000|
|To the COVID Resilience Fund|||||||||||||||
|Holbrooks
Community
Centre|||||||||||||1,000||
|To buy equipment
for the kitchen|||||||||||||||
|Home Start North 8 Inner City|||||||||||||3,250||
|To provide volunteer
support to vulnerable|||||families|||with|young|||children|||
|Huntington's
Disease Association||||||||||||||2,000|
|To develop services for sufferers||across|||Warwickshire||||||||||
|John Taylor Hospice Charity||||||||||||||2,000|
|To support the newly established||bereavement||||counselling|||||programme||||
|for young people|||||||||||||||
|Kairos WWT|||||||||||||7,000||
|To provide specialist homelessness|||support to|||women|||in Coventry||||||
|Kids Out||||||||||||||4,560|
|To provide 114boxes oftoys for|children||||entering||refuges|||in Coventry|||||
|Kings Rise Academy||||||||||||||1,500|
|Grant to meet urgent need created|||by COVID||||||||||||
|Level Water|||||||||||||3,000||
|Swimming
Lessons for Children|with Disabilities,||||||Birmingham||||||||
|Lifespace Trust-|||||||||||||1,026||
|To recruit, train and supervise
two||volunteer
members|||||||||||||
|Macmillan
Cancer Support||||||||||||||7,000|
|To provide
Macmillian
grants to 17|||people||living|with||cancer|||in|Coventry|||
|Marie Curie||||||||||||||3,000|
|To support the Coronavirus
Emergency||||Appeal|||||||||||
|Martineau
Gardens|||||||||||||2,500|1,500|
|To support
environmental
education|||at the gardens|||||for|children|||from|||
|Birmingham
primary schools|||||||||||||||
|Motor Neurone
Disease Association||||||||||||||1,000|
|Towards the equipment
loan and|support||||grant|service|||in Coventry||||||
|and Warwickshire|||||||||||||||
|Myaware||||||||||||||1,000|
|To provide support to sufferers
in|Coventry and|||||Warwickshire|||||||||
|Carried forward|||||||||||||50,044|475,192|
##
##
##
|||||||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||E|E|
|Brough forward||||||||||||50,044|475,192|
|Myton Hospice|||||||||||||10,000|
|To support the running
costs||||||||||||||
|NSPCC||||||||||||10,000|10,000|
|To support the NSPCC's|Schools||Service in the West||||||Midlands|||||
|Nuneaton
8 Warwickshire
Riding|||for||the Disabled||Association||||||5,000|
|Tosupport core costs during COVID-19 closure||||||||||||||
|Outreach
&Community|Action Project|||||||||||5,000||
|To use performing
arts do support|||disadvantaged||||young|||people||||
|Positive Youth Project|||||||||||||10,000|
|To provide
critical services to looked|||||after children|||in Coventry||||||
|Refuge||||||||||||12,500||
|To provide safe accommodation||in Warwickshire||||||||||||
|Revitalise|||||||||||||3,280|
|To subsidise the cost of|holidays||for 10people from Coventry||||||||with disabilities|||
|Roald Dahl's Marvellous|Children's|||Charity||||||||25,000||
|To provide specialist nurses for||seriously
ill children||||||living||with|complex,|||
|lifelong conditions||||||||||||||
|Sandwell
Youth in Action||||||||||||20,525||
|Provision ofcore costs||||||||||||||
|Sense||||||||||||10,000||
|Sense Forest School for|children||with|||deafblindness||and their|||families|||
|in Birmingham||||||||||||||
|St Francis Employability|||||||||||||10,250|
|5 Doors down: Covid-19|response|||||||||||||
|Stoke Community
Club
I|imited|||||||||||5,000||
|To make urgent improvements||to community
facilities||||||||||||
|TalI Ships Youth|||||||||||||1,500|
|To provide funds for five|young|people from Warwickshire||||||||to|participate|||
|Teenage Cancer Trust||||||||||||T,000||
|To support
'Bddging the|Gap' a|nursing||||and support||outreach|||programme|||
|for young people
in the West Midlands||||||with cancer||||||||
|The Air League|||||||||||||5,000|
|To fund the building
ofan aeroplane|||||by young people||||in|Coventry||||
|The Bryntail Cottage Charity||||||||||||3,000||
|To refurbish
the fabric at|the cottage|||||||||||||
|The Friends ofStAndrews
Church|||||||||||||5,000|
|To support the building ofStAndrews||||||community|Hibin||Carlton|||||
|Leicestershire||||||||||||||
|Carried forward||||||||||||148,069|535,222|
##
|CHARITABLE ACTIVITIES||—(CONTI|NU|ED)|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||2022|2021|
||||||||||||||E|E|
|Brought forward|||||||||||||148,069|535,222|
|The Heart Theatre||||||||||||||4,000|
|Tosubsidise 4 covid compliant||community||activities|||||||||||
|The Lullaby Trust|||||||||||||5,000||
|To provide support to bereaving||families|||||||||||||
|The Orchestra ofthe Swan|||||||||||||5,000|5,000|
|Towork with visually
impaired||young people at the Priestley|||||||||||||
|Smith School leading to a musical
performance|||||||||||||||
|The Royal Life Saving Society||UK|||||||||||5,000||
|To fund research to understand||lack ofwater safety training|||||||in ethnically||||||
|diverse communities|||||||||||||||
|The Royal Society for Blind Children|||||||||||||5,000|5,000|
|Towards the families first service
in the|||West Midlands||||to|support|||||||
|17families|||||||||||||||
|The Shakespeare
Hospice|||||||||||||20,000||
|To support the Day Hospice|||||||||||||||
|Tile Hill Community
Partnership|||||||||||||1,000||
|To support outreach to schools||embedding||a non-violence||||culture|||||||
|Together for Change,
Coventry||8 Warwickshire||||||||||||5,000|
|To pay for the renovation
of|electrical systems||||in|community|||||||||
|meeting
hall|||||||||||||||
|Valley House||||||||||||||10,000|
|Grant to meet urgent need created by COVID|||||||||||||||
|Voluntary
Action Coventry||||||||||||||6,320|
|To meet core costs to provide|support to voluntary|||||organisations||||in|Coventry||||
|Warwickshire
Social Inclusion|Partnership||||||||||||3,080||
|Towork with people with long|term mental|||illness||in North Warwickshire|||||||||
|Warwickshire
Young Carers||||||||||||||9,991|
|To provide a programme
ofactivities for|||infant young carers||||||||||||
|during school holidays|||||||||||||||
|Whizz-Kidz|||||||||||||6,000||
|To provide bespoke
mobility equipment|||for|young||wheelchair|||users||in Coventry||||
|Worth Unlimited|||||||||||||5,000||
|To provide
play opportunities|for young people to|||||help them||re-engage||||with|||
|their peer group and their community
after||||the pandemic|||||||||||
|Young Lives vs Cancer|||||||||||||3,000||
|To support our grants scheme|for young||cancer||patients||and||their|families|||||
|Young People First|||||||||||||9,832|5,000|
|To support the Peer Mentoring||Programme||for looked after||||children|||||||
|In Coventry|||||||||||||||
|Carried forward|||||||||||||215,981|585,533|
|NOTES TO THE FINANCIAL
for the year ended 05|NOTES TO THE FINANCIAL
for the year ended 05|STATEMENTS
April 2022|||
|---|---|---|---|---|
|CHARITABLE ACTIVITIES —(CONTINUED)|||2022|2021|
||||E|E|
|Brought forward|||215,981|585,533|
|Young Women's
Trust||||5,000|
|To support
'Work It Out' a programme|for young women|in poverty|||
|to gain employment
and independence.|||||
|Historic Coventry
Trust||||60,095|
|Re: Drapers Bar and Restaurant|||||
||||215,981|650,628|
|Grant making expenses|||||
|Clerk's salary and overheads|||7,623|10,272|
|Other Charitable
Expenses|||||
|Clerk's salary and overheads|||15,246|20,544|
##
|GOVERNANCE
COSTS|||
|---|---|---|
||2022|2021|
||F|E|
|Salaries and overheads|15,211|18,203|
|Trustees' expenses|2,400|2,400|
|Rent, rates and insurance|1,842|360|
|Telephone|1,318|1,675|
|Postage and stationery|724|180|
|Motor expenses|1,159|570|
|Audit fee|14,500|14,500|
|Accountancy|3,333|6,868|
|Sundry expenses|320|(1)|
|Computer expenses|735|9,947|
|Bank charges|30|25|
|Recruitment|1,769||
||43,341|54,727|
##
##
|ALLOCATION
OF SUPPORT|COSTS|||||
|---|---|---|---|---|---|
||Investment|Grant|Other|||
||Management|Making|Charitable|Governance|Total|
||F|F|F|F|F|
|Clerk's Salary 8 Overheads|11,434|7,623|15,246|15,211|49,514|
|'/o Allocation|30'/o|20'/o|40'/o|10o/o|100'/o|
##
##
|STAFF COSTS|||
|---|---|---|
||2022|2021|
||E|F|
|Salaries|69,281|81,706|
|Social security|2,913|8,851|
|Pension|119||
||72,313|90,557|
|Average number ofemployees|||
##
##
##
##
##
|TANGIBL|E FIXEDASSETS - GROUP||||
|---|---|---|---|---|
|||Fixtures|||
||Long|and|Computer||
||Leasehold|fittings|equipment|Total|
|COST|||||
|At 06 April|2021||23,762|23,762|
|Additions|||||
|Disposals|||||
|At 05 April|2022||23,762|23,762|
|DEPRECIATION|||||
|At 06April|2021||19,932|19,932|
|Charge for|year||1,325|1,325|
|Disposals|||||
|Impairments|||||
|At 05April|2022||21,257|21,257|
|NET BOOK VALUE:|||||
|At 05April|2022||2,505|2,505|
|At 05 April|2021||3,830|3,830|
|There are|no tangible fixed assets held within the Charity.||||
|INVESTMENT ASSETS - GROUP|||||
|||Investment|Quoted||
|||grroerties|investments|Total|
|||E|E|F|
|Cost and market value at 06 April 2021||2,201,850|15,464,661|17,666,511|
|Acquisitions|||4,287,781|4,287,781|
|Sale proceeds|||(2,568,879)|(2,568,879)|
|Investment|gains
/ (losses)||631,963|631,963|
|Cost and market value at 05April 2022||2,201,850|17,815,526|20,017,376|
|Historic cost as at 05 April 2022||733,498|14,651,742|15,385,240|
##
##
##
|Analysis of ma|rk|et value|at|05 April 202|2:||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||UK||Overseas|||Total|
||||||||||||E|||E||E|
|Investment
properties|||||||||||2,201,850|||||2,201,850|
|Quoted investments|||||||||||||||||
|Equity:|||||||||||||||||
|Direct|||||||||||12,441,021||586,785|||13,027,806|
|Indirect|||||||||||2,387,720|2,400,000||||4,787,720|
|||||||||||17,030,591||2,986,785||||20,017,376|
|The investment||properties||were
professionally|||valued|||by Carters
Chartered|||Surveyors|||during
March|
|2021.The Trustees
have|||assessed the||market||value as|||at 5|April 2022 and|do not consider the value to|||||
|have moved significantly|||since the valuation|||date.|||||||||||
|There were no|individual||shareholdings||or|investments|||considered
to be material|||||with|the|market values|
|and proportion|ofthe portfolio shown as||||at|05 April||2022.|||||||||
|INVESTMENT|ASSETS||- CHARITY||||||||||||||
|||||||||Investment|||Quoted|||Unquoted|||
|||||||||errorerties|||investments||investments|||Total|
|||||||||||||||||F|
|Cost and market||value at|06|April 2021||||1,509,350|||15,464,661||||684|16,974,695|
|Acquisitions|||||||||||4,287,781|||||4,287,781|
|Sale proceeds|||||||||||(2,568,879)|||||(2,568,879)|
|Investment
gains||/ (losses)|||||||||631,963|||||631,963|
|Cost and market||value at|05|April 2022||||1,509,350|||17,815,526||||684|19,325,560|
|Historic cost at|05April 2022|||||||413,675|||14,651,742|||30,000||15,095,417|
##
##
##
|Analysis o|f market value at 05 April 2022|:|||
|---|---|---|---|---|
|||UK|Overseas|Total|
|||F||E|
|Investment|properties|1,509,350||1,509,350|
|Quoted Investments|||||
|Equity:|||||
|Direct||12,441,021|586,785|13,027,806|
|Indirect||2,387,720|2,400,000|4,787,720|
|Unquoted|investments||||
|Equity:|||||
|Direct|(Note 15)|684|||
|||16,338,775|2,986,785|19,325,560|
##
##
|Hope Property Managements|Ltd|||property|dealing company|dealing company|dealing company||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|(Company
no. 00348703)|||||||||||||
|Plough
Hill Land Ltd||||for the purpose of|||developing|||land|in Nuneaton||
|(Company
no. 09033788)||||as ajoint|venture||project||||||
|The Alan
Edward
Higgs
Charity||owns|100'/G of the ordinary|||share|capital||in|each|of the above listed||
|subsidiary
companies.|||||||||||||
|||||2022|||||2021||||
|Value ofthe investments||||684||||||684|||
|Results ofactive companies|||||||||||||
|||||Gross||Administrative|||Other||Operating||
|Year ended 31 March 2022||Turnover
f||Profit
L'||~Ex eneee|||Income
f.||Profit
E|Gift Aid
f|
|Hope Property Managements|Ltd||36,126|27,492||45,296||133,500|||115,696|49,083|
|Plough
Hill Land Ltd|||||||||||||
|Year ended 31 March 2021|||||||||||||
|Hope Property Managements|Ltd||35,305|23,119||54,997|||82,350||50,472|65,510|
|Plough
Hill Land Ltd|||||||||||||
##
##
##
|Summary|ofbalance sheets||||||||
|---|---|---|---|---|---|---|---|---|
|||||Fixed|Stock,||||
|||||Assets &|Debtors 8|Due to|Other|Net|
|Year ended|31 March 2022|||~Pro erties|Cash|Charity|Creditors|Assets|
||||||F|E||E|
|Hope Property Managements||Ltd||2,505|407,885|(206,696)|(60,044)|143,650|
|The Drapers Bar and Restaurant|||Ltd||||||
|Plough
Hill|Land Limited||||6,631||(250)|6,381|
|||||2,505|414,516|(206,696)|(60,294)|150,031|
|Year ended|31 March 2021||||||||
|Hope Property Managements||Ltd||3,830|342,543|(236,375)|(32,961)|77,037|
|The Drapers Barand Restaurant|||Ltd||||||
|Plough
Hill|Land Limited||||6,631||(250)|6,381|
|||||3,830|349,174|(236,375)|(33,211)|83,668|
##
##
##
|DEBTORS|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Group|||Charity||
||||||2022||2021|2022||2021|
||||||||F|||F|
|Amounts
due from subsidiary||||undertakings||||206,696||236,375|
|Prepayments|and accrued||income||47,421||43,789|29,073||24,786|
||||||47,421||43,789|235,769||261,251|
|Loan- Credit Union falls||wholly||due after more|than one|year.|||||
|CREDITORS||||||Group|||Charity||
||||||2022||2021|2022||2021|
||||||||F|F||f|
|Due within one year:|||||||||||
|Trade creditors|||||||||||
|Deferred income (rents||in|advance)||3,000||3,000|3,000||3,000|
|Grants payable|||||||||||
|Amounts
due to subsidiary|||undertakings|||||5,571||5,044|
|Other creditors|and accruals||||154,708||68,019|95,593||36,505|
||||||157,708||71,019|104,164||44,549|
##
##
|ANALYSIS|OF NET ASSETS BETWEE|N FUNDS|||
|---|---|---|---|---|
|GROUP|||Expendable||
|||Income|endowment|Total|
|Tangible fixed assets||2,505||2,505|
|Investment|assets||20,017,376|20,017,376|
|Current assets||546,759||546,759|
|Creditors||(140,736)|(16,972)|(157,708)|
|Total net assets||408,528|20,000,404|20,408,932|
|CHARITY|||Expendable||
|||Income|endowment|Total|
|||F||E|
|Investment|assets||19,325,560|19,325,560|
|Current assets||665,261||665,261|
|Creditors||(87,192)|(16,972)|(104,164)|
|Total net assets||578,069|19,308,588|19,886,657|
||||||2022|2021|
|---|---|---|---|---|---|---|
||||||F||
|Net income
/ (expenditure)
for year|||||669,518|2,466,606|
|Depreciation
and impairment
of||tangible
fixed assets|||1,325|961|
|Dividends
and other|investment|income received|||(337,373)|(270,146)|
|Rents received from|investment|properties|||(112,429)|(111,872)|
|Interest received|||||(4)|(135)|
|(Gains) / losses on investments|||||(631,963)|(2,952,945)|
|(Increase)
/ decrease|in stock||||||
|(Increase)
/ decrease|in debtors||||(3,632)|59,027|
|Increase
/ (decrease)|in creditors||||86,689|(794,623)|
|(Profit) / loss on disposal oftangible|||fixed assets|||642,441|
|Net cash flow from operating
activities|||||(327,869)|(960,686)|
|Analysis ofchanges|in net debt||||||
|||||2021|Cashflow|2022|
|||||E|||
|Cash and cash equivalents||||2,096,303|(1,596,965)|499,338|
##
##
|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|||||||E||
|Net income
/ (expenditure)
for year||||||602,905|2,362,935|
|Impairment||ofmixed|motive social investments||||39,158|
|Dividends||and other|investment|income received||(337,373)|(270,146)|
|Rents received from|||investment|properties||(76,303)|(76,567)|
|Interest received||||||(4)|(135)|
|(Gains)
/|losses on investments|||||(631,963)|(2,873,394)|
|(Increase)||/ decrease|in debtors|||25,482|73,356|
|Increase|/|(decrease)|in creditors|||59,615|(84,021)|
|Net cash|flow from operating
activities|||||(357,641)|(828,814)|
|Analysis||ofchanges|in net debt|||||
||||||2021|Gashflow|2022|
|Cash and||cash equivalents|||2,092,355|(1,662,863)|429,492|
##
##