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2021-04-05-accounts

C. A. Rookes Charitable Trust

Charity No. 512437

Trustees' Report and Unaudited Accounts

05 April 2021

C. A. Rookes Charitable Trust Contents

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||||||| |---|---|---|---|---|---| |Pages| |Trustees’|Annual|Report|2to4| |Independent|Examiner's|Report|8| |Statement of Financial|Activities|9| |Balance|Sheet|10| |Statement|of Cash flows|18| |Notes to the Accounts|11 to|17| |Detailed|Statement|of Financial|Activities|19 to|20|

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Page 1

C. A. Rookes Charitable Trust Trustees Annual Report

The Trustees present their report with the unaudited financial statements of the charity for the year ended 5 April 2021

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 512437

Principal Office

The Old School Tiddington Stratford on Avon Warwickshire CV37 7AW

Trustees

The following Trustees served during the year:

C.R. lronmonger

C. Ironmonger FRICS

Accountants

Peter Hannaford Accountancy Services Ltd

1556 Stratford Road

Hall Green

Birmingham B28 SHA “

Bankers

Handelsbanken

Kings House: Elm Court Arden Street Stratford on Avon CV37 6PA

Investment Advisors

Hathaway Investment Management Ltd Grosvenor House 14 Bennetts Hill Birmingham B2 5RS

OBJECTIVES AND ACTIVITIES

The provisions of the charity are to apply the income generated for general charitable purposes.

Page 2

C. A. Rookes Charitable Trust

Trustees Annual Report

The charity derives no income from fund raising or public donations.

Instead it relies entirely on income generated from quoted investments, interest received and donated rental profits.

The charities objectives are to provide grants to organisations and individuals located in Warwickshire, Worcestershire and Gloucestershire. The grants are for general charitable purposes.

The trustees are confident they have complied with their duty of public benefit in compliance with guidance issued by The Charities Commission.

ACHIEVEMENTS AND PERFORMANCE

During the year the charity made 28 grants totalling £31,000 to the following registered charities:Cancer related charities including Marie Curie, Cancer Research UK, Ovarian, Prostate and blood related research.

Community based grants to Warwickshire Air Ambulance, The Samaritans and Citizens Advice. Hospice accommodation including Acorn Children's Hospice, Myton Hospice and Macmillan Care Support. Individual grants range from £500 to a maximum of £2,500 typically on average £1,000 per year.

PLANS FOR FUTURE PERIODS

The trustees continue to ensure that grants to existing charities are maintained on an annual basis

STRUCTURE, GOVERNANCE AND MANAGEMENT

The charity trust was created by a settlement of the Will of Christopher Albert Rookes who died on 30 July 1980.

The trustees are responsible for the overall governance of the charity.

Statement of trustees’ responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time th: financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection fraud and other irregularities.

The trustees acknowledge their responsibilities for the maintenance and integrity of all information.

Signed on behalf of the charity's trustees

C. lronmonger FRICS

Page 3

C. A. Rookes Charitable Trust Trustees Annual Report

Trustee

28 January 2022

Page 4

C. A. Rookes Charitable Trust

Independent Examiners Report

Independent Examiner's Report to the trustees of C. A. Rookes Charitable Trust

| report to the trustees on my examination of the accounts of C. A. Rookes Charitable Trust for the year ended 5 April 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows and the related notes.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011('the Act'). The trustees consider that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed.

| report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

| have completed my examination. | can confirm that no material matters have come to my attention in

connection with the examination giving me cause to believe that in, any material respect:

| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. .

\ Peter Hannaford

Peter Hannaford Accountancy Services Ltd 1556 Stratford Road

Hall Green

Birmingham

B28 SHA

28 January 2022

Page 8

C. A. Rookes Charitable Trust Statement of Financial Activities

for the year ended 5 April 2021

Unrestricte
dfunds Totalfunds Total funds
2021 2021 2020
Notes £ £ £
Income and endowments
from:
Donations and legacies 3 97,835 97,835 -
Investments 4 68,978 68,978 62,236
Other 5 79,140 79,140 41,362
Total 245,953 245,953 103,598
Expenditure on:
Raising funds 6 19,869 19,869 22,238
Charitable activities 7 31,000 31,000 35,165
Other 9 78 78 564
Total 50,947 50,947 57,967
Netgains on investments “ as -
Net income 195,006 195,006 45,631
Transfers between funds - - -
Net income before other
:
gains/(losses)		 195,006 195,006 45,631
Other gains and losses
Net movement in funds 195,006 195,006 45,631
Reconciliation of funds:
Total funds broughtforward 2,312,599 2,312,599 2,266,968
Totalfundscarriedforward 2,507,605 2,507,605 2,312,599

Page 9

C. A. Rookes Charitable Trust Balance Sheet

at 5 April 2021

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||||||||| |---|---|---|---|---|---|---|---| |Charity|No.|512437|2021|2020| |£|£| |Fixed|assets| |Investments|11|1,830,265|1,705,270| |1,830,265|1,705,270| |Current|assets| |Cash|at|bank|and|in|hand|677,340|607,329| |677,340|607,329| |Net current|assets|677,340|607,329| |Total|assets|less|current|liabilities|2,507,605|2,312,599| |Net|assets|excluding|pension|asset or|liability|2,507,605|2,312,599| |Total|net assets|2,507,605|2,312,599| |The funds|of the|charity| |Restricted|funds|12| |Unrestricted|funds|12| |General|funds|2,507,605|2,312,599| |2,507,605|2,312,599| |Reserves|12| |Total|funds|2,507,605|2,312,599| |Approved|by|the|trustees|on|28 January|2022| |And|signed|on|their behalf by:|

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C. Ironmonger FRICS

Trustee ‘ 28 January 2022

, Page 10

C. A. Rookes Charitable Trust

Notes to the Accounts

for the year ended 5 April 2021

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Fund accounting
Unrestricted funds These are available for use atthe discretion ofthe trustees in furtherance ofthe
general objects ofthe charity.
Designated funds These are unrestricted fundsearmarked bythe trustees for particularpurposes.
Revaluation funds These are unrestricted funds which include a revaluation reserve representing the
restatement of investment assets at their market values.
Restricted funds These are available for use subject to restrictions imposed bythe donor orthrough
terms ofan appeal.
Income
Recognition of Income isincluded intheStatement ofFinancial Activities (SoFA) when the charity
income becomes entitled to, and virtually certain to receive, the income and theamount of
‘ the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is
expenditure reported gross inthe SoFA.
Donations and Voluntary income received byway ofgrants, donations and gifts is included in the
legacies theSoFAwhen receivable and onlywhenthe Charity has unconditional
entitlement to the income.
Tax reclaimson Income from tax reclaims is included in the SoFA at the same time asthe
donations and gifts _ gift/donation towhich it relates.
Donated services These are only included in income (with an equivalentamount in expenditure)
and facilities where the benefit to the Charity is reasonably quantifiable, measurable and
material.
Volunteer help The value ofanyvolunteer help received is not included in the accounts.
Investment income_ This is included inthe accountswhen receivable.
Gains/(losses) on This includes anygain or loss resultingfrom revaluing investments to market value
revaluation offixed atthe end ofthe year.
assets
Gains/(losses) on This includes anygain or loss on the sale ofinvestments.
investmentassets

Page 11

C. A. Rookes Charitable Trust Notes to the Accounts

Expenditure
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes anyVATwhich
expenditure cannot be fully recovered, and is reported as part ofthe expenditure to which it
relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising
raising funds trading costs and investment management costs.
Expenditure on These comprise the costs incurred bythe Charity in the delivery of its activities and
charitable activities services in the furtherance of its objects, including the making ofgrants and
governance costs.
Grants payable All grant expenditure isaccounted foron an actual paid basis plus an accrual for
grants that have been approved bythe trustees atthe end ofthe year but notyet
paid.
Governance costs _These include those costs associated with meeting the constitutional and statutory
requirements ofthe Charity, including any audit/independent examination fees,
costs linked to the strategic management ofthe Charity, togetherwith a share of
other administration costs.
Otherexpenditure Thesearesupportcostsnotallocatedtoaparticularactivity.

Taxation

The charity is exempt from tax on its charitable activities.

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise. ee

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

, Page 12

C. A. Rookes Charitable Trust

Notes to the Accounts

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of[the][reporting][period.] Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified

as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The

corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a Straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

Page 13

C. A. Rookes Charitable Trust

Notes to the Accounts

2 Statement of Financial Activities - prior year

2 Statement of Financial Activities - prior year
Unrestricted
funds Total funds
2020 2020
£ £
Income and endowments from:
Donations and legacies (1) (1)
Investments (62,236) (62,236)
Other (159,992) (159,992)
Total (222,229) (222,229)
Expenditure on:
Raisingfunds (22,238) (22,238)
Charitable activities (35,165) (35,165)
Other (119,195) (119,195)
Total (176,598) (176,598)
Netincome income (45,631) (45,631)
vaeftleces) — (45,631) (45,631)
Othergains and losses:
Netmovement movement infunds (45,631) (45,631)
Reconciliation offunds:
Totalfunds brought forward (2,266,968) (2,266,968)
Totalfunds carried forward (2,312,599) (2,312,599)
3 Income from donations and legacies
Unrestricted Total Total
2021 2020
» £ £ £
97,835 97,835 -
97,835 97,835 -
Profit on Sale ofQuoted Investments
4 Income from investments
Unrestricted Total Total
2021 2020
£ £ £
55,062 55,062 61,744
13,580 13,580 ~
336 336 492
68,978 68,978 62,236

, Page 14

C. A. Rookes Charitable Trust

Notes to the Accounts

5 Other income

5 Other income
Unrestricted Total Total
2021 2020
£ £ £
79,140 79,140 41,362
79,140 79,140 41,362
6 Expenditure on raisingfunds
Unrestricted Total Total
2021 2020
£ £ £
Investmentmanagement
costs
19,869 19,869 22,238
19,869 19,869 22,238
7 Expenditure on charitable activities
Unrestricted Total Total
2021 2020
£ £ £
Expenditure on charitable
activities
Grants made 31,000 31,000 35,165
Governance costs
31,000 31,000 35,165
.
8 Analysis ofgrants
Grants to
Activityorprogramme Institutions Total Total
2021 2020
,
£ £ £
Registered Charities 31,000 31,000 35,165
Activities
undertaken
Activityorprogramme directly Total Total
2021 2020
£ £ £
RegisteredCharities 31,000 31,000 35,165

Page 15

C. A. Rookes Charitable Trust

Notes to the Accounts

9 Other expenditure

Unrestricted Total Total
2021 2020
£ £ £
Legal and professional costs 78 78 564
78 78 564

10 Staff costs No employee received emoluments in excess of £60,000. 11 Investments

Other Other
investments investments
- Listed - Unlisted Total
£ £ £
Cost or revaluation
At 6 April 2020 1,313,930 516,335 1,830,265
At 5 April 2021 1,313,930 516,335 1,830,265
Net book values
At 5 April 2021 1,313,930 516,335 1,830,265
At 5 April 2020 1,313,930 516,335 1,830,265
12 Movement in funds
Incoming
resources
(including Resources At 5 April
°
other expended 2021
At6 April gains/losses
2020 )
£ £ £
Restricted funds:
Unrestricted funds:
Generalfunds 2,312,599 245,953 (50,947) 2,507,605
Revaluation Reserves:
Total funds 2,312,599 245,953 (50,947) 2,507,605
13 Analysis of net assets between funds
Unrestricted
funds		 Restricted
funds		 Total
£ £ £
Investments 1,813,930 16,335 1,830,265
Net current assets 677,340 - 677,340
2,491,270 16,335 2,507,605

, Page 16

C. A. Rookes Charitable Trust

Notes to the Accounts

14 Reconciliation of net debt

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||||| |---|---|---|---| |Cash|and|cash|equivalents| |Net|debt|

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|||||| |---|---|---|---|---| |At 6|April|At|5|April| |2020|Cash|flows|2021| |£|£|£| |607,329|70,011|677,340| |607,329|70,011|677,340| |607,329 _|70,011|677,340|

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|

Page 17

C. A. Rookes Charitable Trust

Statement of Cash flows

for the year ended 5 April 2021

2021 2020
£ £
Cash flowsfrom operating activities
Netincome/(expenditure) perStatement ofFinancial Activities 195,006 (45,631)
Adjustments for:
Dividends, interest and rentsfrom investments (148,118) 222,228
Net cash provided byoperating activities 46,888 176,597
Cash flowsfrom investing activities
Dividends, interestand rentsfrom investments 148,118 (222,228)
Netcashfrom/(used in) investingactivities 148,118 (222,228)
Net cash from financing activities - =
Net increase/(decrease) in cashand cash equivalents 195,006 (45,631)
Cash and cash equivalents atthe beginning oftheyear 607,329 519,201
Cash and cash equivalents atthe end oftheyear 802,335 473,570
Components ofcash and cash equivalents
Cash and bank balances 677,340 607,329
677,340 607,329

Page 18

C. A. Rookes Charitable Trust

Detailed Statement of Financial Activities

for the year ended 5 April 2021

Unrestricted
funds Totalfunds Total funds
2021 2021 2020
£ £ £
Income and endowments from:
Donations and legacies
97,835 97,835 -
97,835 97,835 -
Investments
55,062 55,062 61,744
13,580 13,580 -
336 336 492
68,978 68,978 62,236
Other
79,140 79,140 41,362
79,140 79,140 41,362
Total income and endowments 245,953 245,953 103,598
Expenditure on:
Investment management costs
19,869 19,869 22,238
19,869 19,869 22,238
Total ofexpenditureon raising
funds		 19,869 19,869 22,238
Charitable activities
.
Grants made 31,000 31,000 35,165
31,000 31,000 35,165
Total ofexpenditure on charitable
+ ag
activities
.		 31,000 31,000 35,165
Legal and professional costs
Audit/Independent examination - - 480
fees
Other legaland professional 78 78 84
costs
78 78 564
Total ofexpenditure ofother costs 78 78 564
Total expenditure 50,947 50,947 57,967
Net gains on investments - - -
.
Net income		 195,006 195,006 45,631
Net income before other
.
gains/(losses)		 195,006 195,006 45,631

Page 19

C. A. Rookes Charitable Trust Detailed Statement of Financial Activities

Other Gains - - -
Net movement infunds 195,006 195,006 45,631
Reconciliation offunds:
Total funds brought forward 2,312,599 2,312,599 2,266,968
Totalfundscarriedforward 2,507,605 2,507,605 2,312,599

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