##
|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|
##
##