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|---|---|---|---|
|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|
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|||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|
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||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|
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||||||||||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|
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|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|
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|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|
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|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|
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|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|
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
||||||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|
##
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||
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)|