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|||Pages|
|---|---|---|
|Officers and Advisers|||
|Governors'
Report||3-9|
|Auditor's
Report||10-13|
|Statement of Financial Activities and Income and Expenditure|Account|14|
|Balance Sheet||15|
|Cash Flow Statement||16|
|Notes on the Financial Statements||17to27|
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||Officers|and Advisers||||
|---|---|---|---|---|---|
|Governors|Focus:|Mr R Hindle||||
|||MrJ Montgomery||||
|||Mr CGascoigne||||
|||Mr C Bradshaw||||
|||Mr
I Richards||||
|||ProfJ Hilboume|(Resigned 31 October 2021)|||
|||Mrs AJ Mcgeever (Appointed|||7December 2021)|
||Members:|Mr G Oakley (Chair)||||
|||Mr M Quantrill||||
|||Mr M Billingham
Mrs J Edgerton|(Resigned 6April 2022)
(Appointed
31 May 2022)|||
|Treasurer||MrJ Dixon||||
|Company||Nicholas Gee (Appointed||31 May 2022)||
|Secretary||||||
|External||Bishop Fleming||||
|Auditor||1-3College Yard||||
|||Worcester||||
|||WR1 2LB||||
|Principal||Lloyds Bank PLC||||
|Bank||36/38 New Street||||
|||Birmingham||||
|||B24QZ||||
|Investment||Quilter Cheviot Investment||Management||
|Managers||Two Snowhill||||
|||Birmingham||||
|||B46GA||||
|Registered||49 Court Oak Road||||
|Office||Harbome||||
|||Birmingham||||
|||B179TG||||
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||||||Unrestricted|Unrestricted|Restricted|Restricted|2022||2021|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||Funds|Funds||Total||Total|
||||Notes||||||f|||
|Income||||||||||||
|Donations
and Legacies||||||21,162|1,000||22,162||2,036|
|Charitable
Activities||||||||||||
|Rent and Tenancy Registrations||||||817,870|||817,870||816,390|
|Investment
Income||||||63,157|||63,157||62,469|
|Total Incoine||||||902,189|1,000||903,189||880,895|
|Expenditure
on:||||||||||||
|Raising Funds||||||16,713|||16,713||16,105|
|Charitable
Activities||||||816,335|||816,335|1,085,891||
|Total Expenditure||||||833,048|||833,048|1,101,996||
|Net
Gains/
(losses)
on
Assets|Investment|||||110,739|||110,739||444,012|
|Net movement
in funds||||||179,880|1,000||180,880||222,911|
|Balances O 1"April 2021||||||4,372,882|||4,372,882|4,|149,971|
|Balances @31"March 2022||||||4,552,762|1,000||4,553,762|4,372,882||
|022 comparatives
analysed|between|restricted and unrestricted
funds are at note||||||20.||||
|||||||||Unrestricted
Funds||||
|Income and Expenditure,|Net ofHistorical Costs|||||||2022||2021||
|Net Movement
in Funds (above)||||||||180,880||222,911||
|(Less) /add unrealised
losses/(gains)||on investments|||||||27,998|(406,521)||
|Difference between
historical cost, depreciation
charge and the actual
depreciation
charge ofthe year calculated
on the revalued
amount.|||||||||1,080||1,080|
|Historical Cost (Deficit) /|Surplus forthe year|||||||209,958||(182,530)||
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||||||||2021|2021|
|---|---|---|---|---|---|---|---|---|
|||||||Note|||
|Gash flows from operating
activities:|||||||||
|Net Gash from Operating|Activities|||||1|(159,404)|(2,244)|
|Cash flows from investing
activities:|||||||||
|Dividend
income|||||||63,156|62,465|
|Interest received|||||||1|4|
|Proceeds from sale ofinvestments|||||||432,997|670,380|
|Purchase ofInvestments|||||||(444,007)|(636,802)|
|Change
in cash and cash equivalents|||in the reporting||period|2|(107,257)|93,803|
|Notes to the Statement ofCash Flow|||||||||
|1. Reconciliation
ofnet|(expenditure)/income|||to Net|Cash flow||2021|2021|
|from Operating
Activities|||||||||
|Net (expenditure)/income|for the year||||||180,880|222,911|
|Adjustments
for:|||||||||
|Depreciation
charges|||||||56,124|81,425|
|(Gains) / losses on investments|||||||(110,739)|(444,012)|
|Sank Interest Receivable and Investment|||Income||||63,157|62,469|
||||||||63,108|(202,145)|
|Increase
in Debtors|||||||(3,846)|4,432|
|Decrease in Creditors and|Deferred|Income|||||218,666|195,469|
|Net Cash Outflow from Operating||Activities|||||(159,404)|(2,244)|
|2.Analysis ofChange
in|Net Funds||||||||
||||||At|1 April|Cash|At 31 March|
|||||||2021|Flows|2022|
|Cash in Hand||||||66,105|(42,803)|23,302|
|Held as part ofinvestment|portfolio|||||143,086|64,455|78,631|
|||||||209,191|(107,258)|101,933|
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|3. DONATIONS|AND LEGACIES|2022|2021|
|---|---|---|---|
|||E||
|General Fund||||
|Legacies||18,853||
|Grants, Donations|and Events|3,309|2,036|
|||22,162|2,036|
|||||
|---|---|---|---|
|4. INCOME FROM INVESTMENTS||2022|2021|
|Listed Fixed Asset Investments||63,156|62,465|
|Short Term Deposits||1|4|
|||63,157|66,393|
|5. COST OF RAISING|FUNDS|2022|2021|
|Investment
Management|Fees|16,713|16,105|
##
|6. CHARITABLE ACTIVITIES|6. CHARITABLE ACTIVITIES|2022|2021|
|---|---|---|---|
|General Fund||||
|Grants to Queen Alexandra|College|564,712|699,700|
|Grants to Focus Birmingham
Administration
and Financial|Services|164,787
30,712|285,684
19,082|
|||760,211|1,004,466|
|Designated
Funds||||
|Depreciation
ofFixed Assets||56,124|74,419|
|Restricted Funds||||
|Depreciation
ofFixed Assets|||7,006|
|Total||816,335|1,085,891|
|Administration
and Financial|Services costs include Governance|costs of211,928(2021:F7,800).||
|Auditors
Remuneration:||2022|2021|
|External
audit services:||10,200|7,800|
|Other services:||1,500||
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|FIXEDASSETS||||
|---|---|---|---|
||Freehold|Freehold||
||Land
f|Buildings
f|Totalf|
|Cost or Valuation||||
|1 April 2021|760,000|4,572,889|5,332,889|
|Disposals||||
|31 March 2022|760,000|4,572,889|5,332,889|
|Depreciation||||
|1 April 2021||3,261;721|3,261,721|
|Provided
in the Year||56,124|56,124|
|31 March 2022||3,317,845|3,317,845|
|Net BookValues||||
|31 March 2022|760,000|1,255,044|2,015,044|
|31 March 2021|760,000|1,311,168|2,071,168|
|ffreehold
land|and buildings
had not been revalued,
they|would be stated at the following|amounts:|
|---|---|---|---|
|||2022f|2021f|
|Historical Cost||3,993,888|3,993,888|
|Depreciation|based on historical cost|2,602,885|2,547,841|
|Historical net|book value|1,391,003|1,446,047|
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|isted Investments
nrestricted
Fund|||
|---|---|---|
||2022|2021|
|Balance @1 April 2021|2,468,819|1,982,734|
|Less: Cash held as part ofportfolio|(143,086)|(67,434)|
|Market Value@1 April 2021|2,325,733|1,915,300|
|Add: Purchases|444,007|636,802|
|Less: Sales|(432,997)|(670,380)|
|Gains/ (Losses) on disposal or revaluation|110,741|444,012|
|Market Value @31 March 2022|2,447,484|2,325,733|
|Cash held as part of portfolio|78,631|143,086|
|Total Investments|2,526,115|2,468,819|
##
|nvestments|Listed on a Recognised Stock E|xchange||
|---|---|---|---|
|||2022|2021|
|||Total|Total|
|||E||
|Fixed Interest||255,470|291,947|
|Alternative|Assets|1,751,885|393,883|
|Equities||440,129|1,639,904|
|Total||2,447,484|2,325,734|
##
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|10.DEBTORS:Amounts
falling due within one y|ear||
|---|---|---|
||2022|2021|
|Trade debtors|160||
|Associated
Organisations|526|526|
|Accrued Income|3,613||
|Pre payments|255|182|
||4,554|708|
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|||Unrestricted|Restricted|2021|
|---|---|---|---|---|
|||Funds|Funds|Total|
||Notes|||K|
|Income|||||
|Donations and Legacies||2,036||2,036|
|Charitable
Activities|||||
|Rent and Tenancy Registrations||816,390||816,390|
|Investment
Income||62,469||62,469|
|Total Income||880,895||880,895|
|Expenditure
on:|||||
|Raising Funds||16,105||16,105|
|Charitable
Activities||1,078,885|7,006|1,085,891|
|Total Expenditure||1,094,990|7,006|1,101,996|
|Net Gains/ (losses) on Investment
Assets||444,012||444,012|
|Net movement
in funds||229,917|(7,006)|222,911|
|Balances @1"April 2020||4,142,965|7,006|4,149,971|
|Balances @31"March 2021||4,372,882||4,372,882|
##
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|erating
leases in BRIB's role as a lessor are as fo|llows:||
|---|---|---|
||2022|2021|
|Expiry date:|||
|Due within
1 year:|||
|Land and buildings|67,380|67,380|
|Between 2 and 5 years:|||
|Land and buildings|96,000|96,000|
|More than 5years:|||
|Land and buildings|1,634,000|1,634,000|
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