| Page | |||
|---|---|---|---|
| Trustees' Report | I | to | 6 |
| Report ofthe Independeat Auditors |
7 | to | 9 |
| Statement ofFinancial Activities | 10 | ||
| Balance Sheet | |||
| Notes to the Financial Statements | 12 | to | 19 |
| Detailed Statement ofFinancial Activities | 20 | to | 21 |
| 2022 | 2021 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| funds | funds | ||
| Notes | |||
| INCOME AND ENDOWMENTS FROM | |||
| Investment income |
381 531 | 386 798 | |
| EXPENDITURE ON | |||
| Raising funds | 37,382 | 53,357 | |
| Charitable activities |
|||
| Grants related expenditure | 306,934 | 347,017 | |
| Schools expenditure | 28,339 | 29,626 | |
| Other | 52 334 | 42,495 | |
| Tota! | 424 989 | 472 495 | |
| Net gains on investments | 90124 | 26386 | |
| NET INCOME/(EXPENDITURE) Other recognised gains/(losses) Gains/(losses) on revaluation offixed assets |
46,666 ~510,4351 |
(59,311) 699,865 |
|
| Net movement in funds |
(463,769) | 640,554 | |
| RECONCILIATION OFFUNDS |
|||
| Total funds brought forward | 11,091,656 | 10,451,102 | |
| TOTAL FUNDS CARRIED FORWARD | 10627 887 | 11091656 |
| QhhhlsKK~E 2 22 |
|||
|---|---|---|---|
| 2022 | 2021 | ||
| Unrestricted | Total | ||
| funds | funds | ||
| Notes | 8 | ||
| FIXEDASSETS | |||
| Tangible assets | 652,747 | 676,639 | |
| Investments | |||
| Investments | 10 | 6,613,226 | 7,040,680 |
| Investment property |
11 | 2700 ODO | 2 70D000 |
| 9,965,973 | 10,417,319 | ||
| CURRENT ASSETS | |||
| Debtors | 12 | 58,799 | 76,830 |
| Cash at bank | 613,689 | 612224 | |
| 672,488 | 689,054 | ||
| CREDITORS | |||
| Amounts falling due within one year |
13 | (10,574) | (14,717) |
| NET CURRENT ASSETS | 661,914 | 674337 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 10,627,887 | 11,091,656 | |
| NET ASSETS | 10627887 | 11 D91 656 | |
| FUNDS | 14 | ||
| Unrestricted funds |
30 627 887 | 11,091,656 | |
| TOTAL FUNDS | 10627887 | 11091656 |
| 2022 | 2021 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Rental Income | 180,197 | 193,667 | ||||||||
| Rights, wayleaves and |
sundry | income | 722 | 709 | ||||||
| Dividends and interest |
receivable from investment | portfolio | 193,014 | 191,915 | ||||||
| Interest on short term | deposits | 7,598 | 507 | |||||||
| 381531 | 386,798 | |||||||||
| RAISING FUNDS | ||||||||||
| Investment management |
costs | |||||||||
| 2022 | 2021 | |||||||||
| Property repairs | 3,229 | 19,870 | ||||||||
| Property management | fees | 9,403 | 10,054 | |||||||
| Legal fees - development | project | 18,000 | 20,280 | |||||||
| Insurance | 6,750 | 660 | ||||||||
| Conuuercial property |
expenses | - | marketing | 2,493 | ||||||
| 37,382 | ~53 357 | |||||||||
| CHARITABLE ACTIVITIES COSTS | ||||||||||
| Grant | ||||||||||
| funding of | ||||||||||
| activities | ||||||||||
| Direct | (see note | |||||||||
| Costs | 5) | Totals | ||||||||
| Grants related expenditure | 306,934 | 306,934 | ||||||||
| Schools expenditure | 28,339 | 28,339 | ||||||||
| 28,339 | ~306934 | 335,273 | ||||||||
| GRANTS PAYABLE | ||||||||||
| 2022 | 2021 | |||||||||
| I, | ||||||||||
| Grants related expenditure | 306,934 | ~347017 | ||||||||
| The total grants paid to | institutions | during the year was as follows: | ||||||||
| 2022 | 2021 | |||||||||
| f. | ||||||||||
| StMichael's CofEAcademy | 79,975 | 42,725 | ||||||||
| All Saints Bedworth C | ofEAcademy | and Nursery | 11,242 | 47,893 | ||||||
| The Canons CofE(Voluntary | Aided) | Primary School | 68,264 | 69,997 | ||||||
| Henry Bellairs Bursaries | 94,215 | 85,075 | ||||||||
| Other orgauisations | 14,588 | 29,277 | ||||||||
| Nicholas Chamberlaine's | Hospital | and | Sermon Charity | 35,000 | ||||||
| Bedworth PCC | 38,650 | 37,050 | ||||||||
| 306,934 | 347,017 |
| SUPPO | RT | COSTS | |||||
|---|---|---|---|---|---|---|---|
| Human | Governance | ||||||
| Manageinent | Finance | resources I |
costs | Totals I, |
|||
| Other resources expended | 6,175 | 42 | 10,297 | 35,820 | 52,334 | ||
| Support | costs, included in | the above, are as follows: | |||||
| 2022 | 2021 | ||||||
| Other | |||||||
| resources | Total | ||||||
| expended | activities I |
||||||
| Insurance | 1,116 | 1,058 | |||||
| Sundries | 852 | 2,243 | |||||
| Founders | day fees | 4,207 | 1,543 | ||||
| Bank charges | 42 | 93 | |||||
| Professional | fees | 10,297 | 7,663 | ||||
| Auditors' | remuneration | 4,750 | 4,370 | ||||
| Accountancy | fees | 1,070 | 525 | ||||
| Other legal and professional | fees | 30,000 | 25,000 | ||||
| 52,334 | 42495 | ||||||
| AUDITORS' | REMUNERATION | ||||||
| 2022 | 2021 | ||||||
| Fees payable | to the charity's | auditors for the audit ofthe charity's | financial | ||||
| statements | ~4750 | 4,370 |
| 9. | TANGIBLE FIXEDASSET | |||||
|---|---|---|---|---|---|---|
| Land and | ||||||
| buildings | ||||||
| held for | ||||||
| charitable | ||||||
| purposes | ||||||
| COST | ||||||
| At 1 January 2022 and 31December | 2022 | 1 194618 | ||||
| DEPRECIATION | ||||||
| At 1 January 2022 | 517,979 | |||||
| Charge for year | 23 892 | |||||
| At 31December 2022 | 541 871 | |||||
| NET BOOK VALUE | ||||||
| At 31December 2022 | 552,747 | |||||
| At 31 December 2021 | 676639 | |||||
| Land and buildings are held for |
charitable purposes. | |||||
| Properties at cost at 31December 2022were: | ||||||
| The Canons CofE(Voluntary | Aided) | Primary | School | 495,298 | ||
| StMichael's CofEAcademy | 509,322 | |||||
| All Saints Bedworth CofEAcademy | and Nursery | 189998 | ||||
| 1,194618 | ||||||
| 10. | FIXEDASSETINVESTMENTS | |||||
| Other | ||||||
| investments | ||||||
| MARKET VALUE | ||||||
| At 1 January 2022 | 7,040,680 | |||||
| Additions | 1,123,347 | |||||
| Disposals | (1,118,265) | |||||
| Unrealised gains/(losses) |
(510,435) | |||||
| Net movement offunds awaiting | investment | 77 899 | ||||
| At 31December 2022 | 6613226 | |||||
| NET BOOK VALUE | ||||||
| At 31December 2022 | 6.613226 | |||||
| At 31December 2021 | 7 040 680 |
| FIXEDASSETI | NVESTMENTS - continued | NVESTMENTS - continued | |||
|---|---|---|---|---|---|
| Cost or valuation | at 31December 2022 is represented | by: | |||
| Other | |||||
| investments | |||||
| Valuation in 2021 |
2,292,180 | ||||
| Valuation in 2022 |
(727,337) | ||||
| Cost | ~5048 383 | ||||
| 6613226 | |||||
| INVESTMENT PROPERTY | |||||
| FAIR VALUE | |||||
| At 1January 2022 | |||||
| and 31December | 2022 | 2 700 ODD | |||
| NET BOOK VALUE | |||||
| At 31December 2022 | 2 700 000 | ||||
| At 31December 2021 | 2700,000 | ||||
| As at31.12.2022 | As at | ||||
| Valuation | 31.12.2021 | ||||
| Moat Farm | 600,000 | 600,000 | |||
| Land at Bedworth | Woodlands | 450,000 | 450,000 | ||
| Units 34to38BSydenham | lnd Estate | 1,000,000 | 1,000000 | ||
| Chamberlaine Court |
65D ODD | 650 ODD | |||
| 2 700 000 | 2700 000 | ||||
| Income | 2022 | 2021 | |||
| Moat Farm | 6,983 | 39,699 | |||
| Land at Bedworth Woodlands | 3,100 | 3,100 | |||
| Units 34to 38BSydenham | Ind Estate | 124,750 | 108,688 | ||
| Chamberlaine Court |
45,364 | 42 180 | |||
| 180 197 | 193.667 |
| 12. | DEBTORS.AMOUNTS FALL | ING DUE WITHIN ONE Y | EAR | ||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| g | |||||
| Rent receivable | 3,670 | 5,720 | |||
| Rent held by agents | 33,456 | 55,222 | |||
| Brokers income accounts | ~21 673 | 15,888 | |||
| 58,799 | 76,830 | ||||
| 13. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE | YEAR | |||
| 2022 | 2021 | ||||
| Audit and accountancy | 4,750 | 4,620 | |||
| Accrued expenses | 5,824 | 10,097 | |||
| 10,574 | 14717 | ||||
| 14. | MOVEMENT IN FUNDS | ||||
| Net | Transfers | ||||
| movement | between | At | |||
| At 1.1.22 | in funds | funds | 31.12.22 | ||
| Unrestricted funds |
|||||
| General fund Designated fund |
674,337 10417319 |
(463,769) | 451,346 ~457346 |
1661,914 9965973 |
|
| 11091656 | 463769 | 19627 887 | |||
| TOTAL FUNDS | |||||
| Net movement in funds, included |
in the above are as follows: | ||||
| Incoming | Resources | Gains and | Movement | ||
| resources | expended | losses | in funds | ||
| Unrestricted funds |
|||||
| General fund | 381,531 | (424,989) | (420,311) | (463,769) | |
| TOTAL FUNDS | 381 531 | 424,989 | 420,311 | ~463769) |
| Net | Transfers | ||||
|---|---|---|---|---|---|
| movement | between | At | |||
| At 1.1.21 | in funds | funds | 31.12.21 | ||
| Unrestricted | funds | ||||
| General fund | 732,166 | 640,554 | (698,383) | 674,337 | |
| Designated | fund | 9718936 | 698383 | 10417319 | |
| 10451 102 | 640554 | 11091 636 | |||
| TOTAL FUNDS | 10451 102 | 640 554 | 11091656 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| Unrestricted | funds | ||||
| General fund | 386,798 | (472,492) | 726,248 | 640,554 | |
| Designated | fund | ||||
| 386798 | ~472,492) | 726,248 | 640,554 | ||
| TOTAL FUNDS | 386,798 | ~472,492) | ~726248 | 640 554 |
| YE | E | 22 | |||||||
| 2022 | 2021 | ||||||||
| INCOME AND ENDOWMENTS | |||||||||
| Investment income |
|||||||||
| Rental Income | 180,197 | 193,667 | |||||||
| Rights, wayleaves and |
sundry | income | 722 | 709 | |||||
| Dividends and interest |
receivable from | ||||||||
| investment portfolio |
193,014 | 191,915 | |||||||
| Interest on short term | deposits | 7,598 | 507 | ||||||
| 381,531 | ~386 798 | ||||||||
| Total incoming resources | 381,531 | 386,798 | |||||||
| EXPENDITURE | |||||||||
| Investment management |
costs | ||||||||
| Property repairs Property management fees Legal fees - development project Insurance |
3,229 9,403 18,000 6,750 |
19,870 10,054 20,280 660 |
|||||||
| Commercial properly |
expenses | - marketing | 2,493 | ||||||
| 37,382 | 53,357 | ||||||||
| Charitable activities |
|||||||||
| Sundries Depreciation oftangible Grants to institutions |
fixed | assets | 4,447 23,892 306,934 |
5,734 23,892 347017 |
|||||
| 335,273 | 376,643 | ||||||||
| Support costs | |||||||||
| Management | |||||||||
| Insurance Sundries Founders day fees |
1,116 852 4207 |
1,058 2,243 1,543 |
|||||||
| 6,175 | 4,844 | ||||||||
| Finance | |||||||||
| Bank charges | 42 | 93 | |||||||
| Human resources |
|||||||||
| Professional fees |
10,297 | 7,663 | |||||||
| Governance costs |
|||||||||
| Auditors' remuneration Accountancy fees |
4,750 1,070 |
4,370 525 |
|||||||
| Carried forward | 5,820 | 4,895 |
DED I |
ER2 | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Governance costs |
|||
| Brought forward | 5,820 | 4,895 | |
| Other legal and professional | fees | ~30 000 | 25,000 |
| 35,820 | ~29 895 | ||
| Total resources expended | 424,989 | 472,495 | |
| Net expenditure before gains |
and losses | (43,458) | (85,697) |
| Realised recognised gains and losses |
|||
| Realised gains/(losses) on fixed asset investments |
90,124 | ~26386 | |
| Net income/(expenditure) | 46666 | ~59,311) |