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2022-08-31-accounts

Trustees		Mr DJ Burrows
		Mr J K Hodt
		Mr R P Morrison
		Mr BR Price
		MrJBWilding
		Mr R Colligan	(Appointed		24 June	2022)
		Mrs VJ Smith	(Appointed	09 November		2022)
Charity	number	527597
Principal	address	Lower High Street
		Stourbridge
		West Midlands
		DY8 1TD
Auditor		CKAudit
		No 4 Castle Court 2
		Castlegate Way
		Dudley
		West Midlands
		DY14RH
Bankers		HSBC Bank Pic - Stourbridge
		114High Street
		Stourbridge
		West Midlands
		DY8 1DZ

Solicitors	Higgs LLP
	3Waterfront	Business Park
	Brierley Hill
	West Midlands
	DY5 1LX

		Page
Trustees' report		1-3
Statement oftrustees'	responsibilities
Independent auditor's	report	5-7
Statement offinancial	activities
Balance sheet
Notes to the financial	statements	10-21

				Unrestricted	Restricted	Endowment	Total	Total
				funds	funds	funds
				2022	2022	2022	2022	2021
			Notes	E	f	E		E
Igg~mf z;
Donations and legacies			3	194			194
Income from charitable		activities	4	212,745			212,745	193,347
Investments			5	20,626	13,791		34,417	31,325
Total income				233,565	13,791		247,356	224,672
Exuattd)titttum;
Raising funds						4,424	4,424	4,271
Charitable activities			7	169,719			169,719	117,381
Total resources expended				169,719		4,424	174,143	121,652
Net gains/(losses)	on investments		12	(1,244)		(31,961)	(33,205)	252,929
Net Incoming/(outgoing)		resources		62,602	13,791	(36,385)	40,008	355,949
Other recognised	gains and losses
Revaluation oftangible		fixed assets				60,000	60,000	(21,209,059)
Net movement in	funds			62,602	13,791	23,615	100,008	(20,853,110)
Fund balances at 1 September 2021				742,019	63,631	3,641,445	4,447,095	25,300,205
Fund balances at	31August 2022			804,621	77,422	3,665,060	4,547,103	4,447,095

				2022		2021
			Notes	f		E
Fixed assets
Tangible assets			14		140,000		80,000
Investment	properties		15		2,360,001		2,325,001
Investments			16		1,171,655		1,244,285
					3,671,656		3,649,286
Current assets
Debtors			18	41,643		46,975
Investments			19	1		1
Cash at bank and in		hand		869,719		795,922
				911,363		842,898
Creditors:	amounts	falling due within
one year			20	(35,916)		(45,089)
Net current	assets				875,447		797,809
Total assets less current liabilities					4,547,103		4,447,095
Capital funds
General endowment		funds		3,605,060		3,641,446
Revaluation	reserve			60,000
				3,665,060		3,641,446
Permanent	endowment			3,152,225		3,103,917
Expendable	endowment			512,835		537,529
			21		3,665,060		3,641,446
Income funds
Restricted funds			22		77,422		63,630
Unrestricted	funds				804,621		742,019
					4,547,103		4,447,095

3	Donations	and legacies				(Continued)
	Donations	and gifts
	Other				194
					194
4	Income from charitable		activities
				2022		2021
				6		5
	Charitable	rental income		209,305		193,347
	Service charges			3,440
				212,745		193,347

		Unrestricted	Restricted	Total	Total
		funds	funds
		2022	2022	2022	2021
		6	8	f
Income from listed investments		9	12,559	12,568	11,115
Income from unlisted	investments	19,289		19,289	18,925
Interest receivable		1,328	1,232	2,560	1,285
		20,626	13,791	34,417	31,325
For the year ended	31August 2021	19,014	12,311		31,325

2022	2021
6	6
4,424	4,271
4,424	4,271

					Property	Prize Fund	Total	Total
					Rental	Activities	2022	2021
					2022	2022f
Insurance					4,271		4,271	4,112
Repairs to Coventry Street properties					63,706		63,706
Repairs to Flats 1-3 Coventry Street					2,432		2,432	14,885
Archiving	software and consumables							798
Surveyor	and	property	consultants	fees	1,782		1,782	5,496
Rent and	lease fees				2,088		2,088	7,600
Electricity	and gas				10,736		10,736	1,741
Professional		fees			180		180	5,031
Prizes								9,310
Letting agent		fees			8,841		8,841	5,974
					94,036		94,036	54,947
Grant funding		ofactivities (see note		8)	56,000		56,000
Share of	governance		costs (see note 9)		19,683		19,683	62,434
					169,719		169,719	117,381

		Support	Governance	2022	2021
		costs	costs
		6	6
Audit fees			3,800	3,800	3,800
Accountancy			4,210	4,210	4,000
Legal and	professional		11,673	11,673	54,634
			19,683	19,683	62,434
Analysed	between
Charitable	activities		19,683	19,683	62,434

			Unrestricted	Endowment	Total	Total
			funds	funds
				general
				2022	2022	2021
				6	6	6
Revaluation	of investments		(1,244)	(66,961)	(68,205)	183,869
Revaluation	of investment	properties		35,000	35,000	69,060
			(1,244)	(31,961)	(33,205)	252,929
Forthe year	ended 31August
2021			4,076	248,853		252,929

2022	2021
E
	21,209,059

Tangible fixed assets	Tangible fixed assets
		Land and	Oil Painting	Total
		buildings
Cost
At 1 September 2021		21,209,059	80,000	21,289,059
Revaluation			60,000	60,000
At 31August	2022	21,209,059	140,000	21,349,059
Depreciation	and impairment
At 1 September 2021		21,209,059		21,209,059
At 31August	2022	21,209,059		21,209,059
Carrying amount
At 31August	2022		140,000	140,000
At 31August	2021		80,000	80,000

Investment property
		2022f
Fair value
At 1 September 2021		2,325,001
Net gains or losses through	fair value adjustments	35,000
At 31August 2022		2,360,001

17	Financial instruments	Financial instruments	Financial instruments				2022f	2021f
	Carrying amount	of	financial assets
	Debt instruments	measured			at amortised cost		41,643	46,975
	Instruments measured			at fair value through		profit or loss	1,171,656	1,244,286
	Carrying amount	of	financial liabilities
	Measured at amortised			cost			35,916	45,089
18	Debtors
	Amounts falling	due		within	one year:		2022 f.	2021f
	Rent 8 insurance	recharges					22,643	24,975
	Other debtors						19,000	22,000
							41,643	46,975
19	Current asset investments
							2022f	2021 f
	Unlisted investments
20	Creditors: amounts		falling		due within one year
							2022f	2021f
	Other creditors						35,916	45,089

										Movement	Movement	in	funds	funds
				Balance		at 1	Transfers		Revaluation			Investment			Investments Balance at 31
				September						offreehold		management			gains/losses		August 2022
						2021				land	and			fees
										buildings
								F			6				6	E	6
Permanent		endowments
Land and buildings					80,000											60,000	140,000
Investments					152,496											(7,056)	145,440
Deposit acccount					12,468												12,468
Scott Educational
Foundation					53,620											(2,108)	51,512
Dr Roy Bequest					480,331									(4,424)		(33,103)	442,804
Investment		property		2,325,001						35,000							2,360,001
Expendable		endowments
Investments					537,529											(24,694)	512,835
				3,641,445						35,000				(4,424)		(6,961)	3,665,060
Restricted		funds
The income		funds	of	the	Charity		include	restdicted		funds	compdising			the following		unexpended	balances of
donations	and grants			held	on	trust	for specific purposes:
										Movement						Movement
											in funds					in funds
								Balance at			Incoming			Balance at		Incoming	Balance st
								1September			resources			1 September		resources	31August
										2020					2021		2022
										5					8		8
Platt Library		Fund								933			7		940		940
Scott Educational			Foundation						5,914		1,193				7,107	1,232	8,339
Dr Roy									44,473		11,111			55,584		12,559	68,143
									51,320		12,311			63,631		13,791	77,422

Analysis of net ass	ets between	funds
		Unrestricted	Restricted	Endowment	Total	Total
		funds	funds	funds
		2022 6	2022 f	2022 E	2022f	2021 8
Fund balances at 31	August
2022 are represented	by:
Tangible assets				140,000	140,000	80,000
Investment properties				2,360,001	2,360,001	2,325,001
Investments		25,847	940	1,144,868	1,171,655	1,244,285
Current assets/(liabilities)		778,774	76,482	20,191	875,447	797,809
		804,621	77,422	3,865,060	4,547,103	4,447,095