## **C. A. Rookes Charitable Trust**
## **Charity No. 512437**
## **Trustees' Report and Unaudited Accounts**
**05 April 2022**
**C. A. Rookes Charitable Trust Contents**
||Pages|
|---|---|
|Trustees' Annual Report|2 to 3|
|Independent Examiner's Report|4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Notes to the Accounts|7 to 13|
|Detailed Statement of Financial Activities|14 to 15|
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 2022.
## **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. Ironmonger C. Ironmonger.
## **Accountants**
Peter Hannaford Accountancy Services Ltd 1556 Stratford Road Hall Green Birmingham B28 9HA
## **Bankers**
Handelsbanken Myton House 40 Holly Walk Leamington Spa CV32 4HY
## **Investment Advisors**
Hathaway Investment Management Ltd Grosvenor House 14 Bennets Hill Birmingham B2 5RS
## **OBJECTIVES AND ACTIVITIES**
The objectives of the charity are set out in its governing document created by a settlement of the Will of Christopher Albert Rookes who died on 30 July 1980 The Trust is to apply the income for general charitable purposes wholly or mainly for the inhabitants of the County of Warwickshire and without obligation but with the wish that so far as may be practical may be applied in the promotion of the welfare of the elderly in the Old Borough of Stratford upon Avon and the Trustees may apply capital or incomes for a charitable purpose of any charity for the time being in existence.
Page 2
**C. A. Rookes Charitable Trust Trustees Annual Report**
## **ACHIEVEMENTS AND PERFORMANCE**
During the year the charity made grants totalling £41,750 to 38 individual charitable organisations compared with £31,000 to 28 organisations in the previous year.
## **FINANCIAL REVIEW**
During the year Trusts Total Assets increased by £130,665 from £2,507,605 in 2021 to £2,638,270 in 2022. Of this increase part is attributable to an increase of £102,842 in bank balances.
Increases in bank balances will enable the Trustees to maintain their ability to provide future grants and pursue investment opportunities.
## **PLANS FOR FUTURE PERIODS**
The Trustees continue to seek suitable properties both commercial and residential to invest surplus funds. Their objectives being the diversification of investments capable of generating stable and sustainable future incomes whilst also retaining their capital value.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The management of the charity is the responsibility of two trustees who have considerable technical and practical skills and experience.
Trustees are recruited to fill any vacancies and their appointment is based on ability and achievement.
No remuneration is paid to the Trustees Their work is unpaid and undertaken on a purely voluntary basis.
The Trustees meet on a regular basis throughout the year to discuss the charities affairs and review requests for financial assistance
## **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 the 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 also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Signed on behalf of the charity's trustees
C. Ironmonger. Trustee 10 January 2023
Page 3
**C. A. Rookes Charitable Trust Independent Examiners Report**
## **Independent Examiner's Report to the trustees of C. A. Rookes Charitable Trust**
I report to the trustees on my examination of the financial statements of C. A. Rookes Charitable Trust for the year ended 5 April 2022 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes.
## **Responsibilities and basis of report**
As the charity's trustees you are responsible for the preparation of the financial statements 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.
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I 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:
- the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
- the financial statements do not accord with those records; or
- the financial statements do not comply with the applicable requirements concerning the form and content of the financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination.
I 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 financial statements to be reached.
Peter Hannaford Accountancy Services Ltd 1556 Stratford Road Hall Green Birmingham
B28 9HA 10 January 2023
Page 4
**C. A. Rookes Charitable Trust Statement of Financial Activities for the year ended 5 April 2022**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
3
Investments
4
Other
5
**Total**
**Expenditure on:**
Raising funds
6
Charitable activities
7
Other
8
**Total**
Net gains on investments
**Net income**
9
Transfers between funds
**Net income before other**
**gains/(losses)**
**Other gains and losses**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**||**Unrestricted**
**funds**|**Total funds**|**Total funds**|
|---|---|---|---|---|
|||**2022**|**2022**|**2021**|
|||**£**|**£**|**£**|
||||||
|||36,167|36,167|97,835|
|||55,017|55,017|68,978|
|||108,978|108,978|79,140|
|||200,162|200,162|245,953|
||||||
|||24,789|24,789|19,869|
|||41,750|41,750|31,000|
|||2,958|2,958|78|
|||69,497|69,497|50,947|
|||-|-|-|
|||130,665|130,665|195,006|
|||-|-|-|
|||130,665|130,665|195,006|
||||||
|||130,665|130,665|195,006|
||||||
|||2,507,605|2,507,605|2,312,599|
|||2,638,270|2,638,270|2,507,605|
||||||
||||||
||||||
Page 5
**C. A. Rookes Charitable Trust Balance Sheet**
## **at 5 April 2022**
|**Charity No. 512437**
**Fixed assets**
Investments
11
**Current assets**
Cash at bank and in hand
**Net current assets**
**Total assets less current liabilities**
**Net assets excluding pension asset or liability**
**Total net assets**
**The funds of the charity**
**Restricted funds**
12
**Unrestricted funds**
12
General funds
**Reserves**
12
**Total funds**
Approved by the trustees on 10 January 2023
And signed on their behalf by:
C. Ironmonger.
Trustee
10 January 2023|**2022**
**£**
1,858,088
1,858,088
780,182
780,182
780,182
2,638,270
2,638,270
2,638,270
2,638,270
2,638,270
2,638,270|**2021**
**£**
1,830,265|
|---|---|---|
|||1,830,265
677,340|
|||677,340|
|||677,340
2,507,605|
|||2,507,605|
|||2,507,605|
|||2,507,605|
|||2,507,605|
|||2,507,605|
||||
Page 6
**C. A. Rookes Charitable Trust Notes to the Accounts**
## **for the year ended 5 April 2022**
- 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**
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. 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 by the donor or through terms of an appeal.
## **Income**
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income with Where income has related expenditure the income and related expenditure is related reported gross in the SoFA. expenditure Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gift/donation to which it relates. gifts Donated services These are only included in income (with an equivalent amount in expenditure) where and facilities the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment This is included in the accounts when receivable. income Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value at revaluation of the end of the year. fixed assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 7
**C. A. Rookes Charitable Trust Notes to the Accounts**
**Expenditure** Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the 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 by the Charity in the delivery of its activities and charitable services in the furtherance of its objects, including the making of grants and activities governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.
## **Taxatio**
## **n**
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.
## **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.
Page 8
**C. A. Rookes Charitable Trust Notes to the Accounts**
## **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.
## **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 9
**C. A. Rookes Charitable Trust**
**Notes to the Accounts**
## 2 **Statement of Financial Activities - prior year**
|2
**Statement of Financial Activities - prior year**||||
|---|---|---|---|
|**Income and endowments**
**from:**
Donations and legacies
Investments
Other
**Total**
**Expenditure on:**
Raising funds
Charitable activities
Other
**Total**
**Net income**
**Net income before other**
**gains/(losses)**
**Other gains and losses:**
**Net movement in funds**
**Reconciliation of funds:**
**Total funds carried forward**
3
**Income from donations and legacies**
Gift Aid Stratford on Avon
Development Co.Ltd|**Unrestricted**
**£**
36,167
36,167|**Unrestricted**
**funds**
**2021**
**£**
97,835
68,978
79,140
245,953
19,869
31,000
78
50,947
195,006
195,006
195,006
195,006
**Total**
**2022**
**£**
36,167
36,167|**Total funds**
**2021**
**£**
97,835
68,978
79,140|
||||245,953
19,869
31,000
78|
||||50,947|
||||195,006|
||||195,006|
||||195,006|
||||195,006|
||||**Total**
**2021**
**£**
97,835|
||||97,835|
|||||
|**Donated goods, facilities and services received**||||
|Gift Aid from Stratford on Avon
Development Co Ltd||**Total**
**2022**
**£**
36,166
36,166|**Total**
**2021**
**£**
97,834|
||||97,834|
Page 10
**C. A. Rookes Charitable Trust Notes to the Accounts**
## 4 **Income from investments**
|Dividends from Quoted
investments
Loan Interest Received
Stratford on Avon
Development Co Ltd
5
**Other income**
Profit on Sale of Quoted
Investments
6
**Expenditure on raising funds**
_Investment management_
_costs_
Hathaway Investment
Management Ltd
7
**Expenditure on charitable activities**
_Expenditure on charitable_
_activities_
Grants to Registered
Charities
_Governance costs_|**Unrestricted**
**£**
44,517
10,500
-
55,017
**Unrestricted**
**£**
108,978
108,978|**Total**
**2022**
**£**
44,517
10,500
-
55,017
**Total**
**2022**
**£**
108,978
108,978|**Total**
**2021**
**£**
55,062
13,580
336|
|---|---|---|---|
||||68,978|
||||**Total**
**2021**
**£**
79,140|
||||79,140|
|||||
||**Unrestricted**
**£**
24,789
24,789
**Unrestricted**
**£**
41,750
41,750|**Total**
**2022**
**£**
24,789
24,789
**Total**
**2022**
**£**
41,750
41,750|**Total**
**2021**
**£**
19,869|
||||19,869|
||||**Total**
**2021**
**£**
31,000|
||||31,000|
Page 11
**C. A. Rookes Charitable Trust Notes to the Accounts**
## 8 **Other expenditure**
|8
**Other expenditure**||||
|---|---|---|---|
|Accountancy Fees
Legal and professional costs
9
**Net income before transfers**
This is stated after charging:
Independent Examiner's fee
10 **Staff costs**
No employee received emoluments in excess of £60,000.
11 **Investments**
**Cost or revaluation**
At 6 April 2021
At 5 April 2022
**Net book values**
At 5 April 2022
At 5 April 2021
12 **Movement in funds**
**At 6 April**
**2021**
**Restricted funds:**
**Unrestricted funds:**
**General funds**
2,507,605
**Total funds**
2,507,605
13 **Analysis of net assets between funds**
Investments
Net current assets|**Unrestricted**
**£**
2,880
78
2,958
**2022**
**£**
2,880
**Other**
**investments -**
**Listed**
**£**
1,341,753
1,341,753
1,341,753
1,341,753
**Incoming**
**resources**
**(including**
**other**
**gains/losses)**
**£**
200,162
200,162
**Unrestricted**
**funds**
**£**|**Total**
**2022**
**£**
2,880
78
2,958
**Other**
**investments**
**- Unlisted**
**£**
516,335
516,335
516,335
516,335
**Resources**
**expended**
**£**
(69,497)
(69,497)
**Restricted**
**funds**
**£**|**Total**
**2021**
**£**
-
78|
||||78|
||||**2021**
**£**
-
**Total**
**£**
1,858,088|
||||1,858,088|
||||1,858,088|
||||1,858,088|
||||**At 5 April**
**2022**
**£**
2,638,270|
||||2,638,270|
||||**Total**
**£**|
|Investments|1,841,753|16,335|1,858,088|
|Net current assets|780,182
2,621,935|-
16,335|780,182|
||||2,638,270|
Page 12
**C. A. Rookes Charitable Trust Notes to the Accounts**
## 14 **Reconciliation of net debt**
|Cash and cash equivalents
Net debt|**At 6 April**
**2021**
**£**|**Cash flows**
**£**|**At 5 April**
**2022**
**£**|
|---|---|---|---|
||677,340|102,842|780,182|
||677,340
677,340|102,842
102,842|780,182|
||||780,182|
Page 13
**C. A. Rookes Charitable Trust Detailed Statement of Financial Activities**
## **for the year ended 5 April 2022**
|**Income and endowments from:**
Donations and legacies
Gift Aid Stratford on Avon
Development Co.Ltd
Investments
Dividends from Quoted
Investments
Loan Interest Received Stratford
on Avon Development Co Ltd
Other
Profit on Sale of Quoted
Investments
**Total income and endowments**
**Expenditure on:**
Investment management costs
Hathaway Investment
Management Ltd
**Total of expenditure on raising**
**funds**
Charitable activities
Grants to Registered Charities
**Total of expenditure on charitable**
**activities**
Other expenditure
Accountancy Fees
Legal and professional costs
Other legal and professional
costs
**Total of expenditure of other costs**
**Total expenditure**|**Unrestricted**
**funds**
**2022**
**£**
36,167
36,167
44,517
10,500
-
55,017
108,978
108,978
200,162
24,789
24,789
24,789
41,750
41,750
41,750
2,880
2,880
78
78
2,958
69,497|**Total funds**
**2022**
**£**
36,167
36,167
44,517
10,500
-
55,017
108,978
108,978
200,162
24,789
24,789
24,789
41,750
41,750
41,750
2,880
2,880
78
78
2,958
69,497|**Total funds**
**2021**
**£**
97,835|
|---|---|---|---|
||||97,835|
||||55,062
13,580
336|
||||68,978|
||||79,140|
||||79,140|
||||245,953
19,869|
||||19,869|
||||19,869
31,000|
||||31,000|
||||31,000
-|
||||-|
||||78|
||||78|
|||||
||||78|
||||50,947|
Page 14
**C. A. Rookes Charitable Trust Detailed Statement of Financial Activities**
|**C. A. Rookes Charitable Trust**
**Detailed Statement of Financial Activities**||||
|---|---|---|---|
|Net gains on investments
**Net income**
**Net income before other**
**gains/(losses)**
Other Gains
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|-
130,665
130,665
-
130,665
2,507,605
2,638,270|-
130,665
130,665
-
130,665
2,507,605
2,638,270|-|
||||195,006|
||||195,006
-|
||||195,006|
||||2,312,599|
||||2,507,605|
Page 15