| CHARITY | NUMBER | 528713 | ||||
| REGISTERED | OFFICE | The Old |
Workhouse | |||
| Well Lane |
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| Tanworth | in | Arden | ||||
| Solihull | ||||||
| West Midlands |
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| B94 SAH |
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| INDEPENDENT | EXAMINER | Thomas | and | Young | Limited | |
| Chartered | Accountants | |||||
| Carleton | House | |||||
| 266-268 | Stratford | Road | ||||
| Shirley | ||||||
| Solihull | ||||||
| West Midlands |
||||||
| B90 3AD |
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| BANKERS | Lloyds TSB |
Plc | ||||
| 22 Bridge |
Street | |||||
| Stratford | upon | Avon | ||||
| Warwickshire | ||||||
| CV27 6AG |
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| SOLICITORS | Lodders | |||||
| Elm Court |
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| Arden Street |
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| Stratford | upon | Avon | ||||
| Warwickshire | ||||||
| CV37 6PA |
| was made |
up as |
f | ollo | ws: | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||||||||
| £ | £ | |||||||||||||
| Net (deficit)/surplus |
on | activities | in the |
year | (6,110) | 9,387 | ||||||||
| Surplus on |
sale | of | investment | properties | 342,482 | |||||||||
| (Deficit)/surplus | on | sale | of | investments | (44) | 104 | ||||||||
| (Decrease)/increase | in | value | of | investments | during | the | year | (91,610) | 92,566 | |||||
| Increase in |
total | net | assets | during | the | year | 244,718 | 102,057 |
| Unrestricted | Endowment | Total | Total | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | 2022 | 2021 | ||||||||||
| Notes | £ | £ | £ | £ | |||||||||
| Income from: Investments |
2 | 70,158 | 70,158 | 74,801 | |||||||||
| Raising funds Expenditure |
3 | 8,280 | 8,685 | 15,897 | |||||||||
| Charitable activities |
4 | 67,988 | 67,988 | 49,517 | |||||||||
| Total | resources | expended | 76,268 | 76,268 | 65,414 | ||||||||
| Net | gains on |
investments | 6 | 250,828 | 250,828 | 92,670 | |||||||
| Net | movement | in | funds | (6,110) | 250,828 | 244,718 | 102,057 | ||||||
| Total | funds | brought | forward | 67,003 | 3,468,708 | 3,535,711 | 3,433,654 | ||||||
| Total | funds | carried | forward | 60,893 | 3,719,536 | 3,780,429 | 3,535,711 |
| 2022 | 2021 | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Note | £ | £ | £ | £ | ||||||||
| Fixed assets |
||||||||||||
| Tangible assets |
7 | 1,778,706 | 1,778,706 | |||||||||
| Investment | properties | 8 | 679,251 | 794,251 | ||||||||
| Investments | 9 | 1,077,214 | 930,622 | |||||||||
| 3,535,171 | 3,503,579 | |||||||||||
| Current | assets | |||||||||||
| Debtors | 10 | 2,061 | 3,648 | |||||||||
| Cash at Bank |
and | in | hand | 260,807 | 38,276 | |||||||
| 262,868 | 41,924 | |||||||||||
| Creditors: | amounts | falling | due | |||||||||
| within one |
year | 11 | (17,610) | (9,792) | ||||||||
| Net current |
assets | 245,258 | 32,132 | |||||||||
| Total assets |
less | current | liabilities | 3,780,429 | 3,535,711 | |||||||
| Capital | and | reserves | ||||||||||
| Endowment | funds | 13 | 3,719,536 | 3,468,708 | ||||||||
| Unrestricted | funds | 14 | 60,893 | 67,003 | ||||||||
| 3,780,429 | 3,535,711 |
| 2022 | 2021 | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| £ | £ | ||||||||
| Dividends | and | interest | receivable | 36,065 | 28,416 | ||||
| Gross | rents | and | ground | rents | receivable | 34,093 | 46,385 | ||
| 70,158 | 74,801 |
| Raising | Fun | ds | |||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| £ | £ | ||||||
| Investment | property | expenses | |||||
| Property | insurance | 2,403 | 2,311 | ||||
| Repairs | 4,103 | 11,884 | |||||
| 6,506 | 14,195 | ||||||
| Portfolio | management | fees | 1,774 | 1,702 | |||
| 8,280 | 15,897 |
| 2022 | 2021 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| £ | £ | ||||||||||||
| 884 | 854 | ||||||||||||
| Insurance | |||||||||||||
| Grants | payable | to | Tanworth | in | Arden | School | 39,667 | 19,333 | |||||
| Grants | payable | to | Salter | Street | School | 19,913 | 19,333 | ||||||
| Clerks' | charges | and | expenses | 4,096 | 3,430 | ||||||||
| Professional | charges | (governance | costs) | 3,428 | 6,567 | ||||||||
| 67,988 | 49,517 | ||||||||||||
| Expenditure | on | charitable | activities | relates | to | unrestricted | funds | £67,988 | |||||
| (2021: | £49,517). |
| Net | Gain | s/(Lo | sse | s) | on | Inve | stments | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||||||
| £ | £ | |||||||||||
| Revaluation | (losses)/gains | of | investments | (91,610) | 92,566 | |||||||
| (Loss)/gain | on | sale | of | investments | (44) | 104 | ||||||
| Gain | on | sale | of | investment | properties | 342,482 | 104 | |||||
| 250,828 | 92,670 |
| Tamworth | Tamworth | in | Salter | Street | Total | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Arden | School | School | ||||||||||
| £ | £ | £ | ||||||||||
| Cost | ||||||||||||
| At | 1 | January | 2022 | 1,085,437 | 693,269 | 1,778,706 | ||||||
| At | 31 | December | 2022 | 1,085,437 | 693,269 | 1,778,706 | ||||||
| Carrying | Amount | |||||||||||
| At | 31 | December | 2022 | 1,085,437 | 693,269 | 1,778,706 | ||||||
| At | 31 | December | 2021 | 1,085,437 | 693,269 | 1,778,706 |
| Listed | Listed | Monies | Monies | held | Total | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Investments | by | portfolio | ||||||||||||||||||
| manager | ||||||||||||||||||||
| £ | £ | £ | ||||||||||||||||||
| Cost | or | valuation | ||||||||||||||||||
| As at |
1 | January 2022 |
928,912 | 1,710 | 930,622 | |||||||||||||||
| Valuation | changes | (91,654) | (91,654) | |||||||||||||||||
| Management | fees | (1,754) | (1,754) | |||||||||||||||||
| Funds | transferred | (Additions) | less | invested | 239,848 | 152 | 240,000 | |||||||||||||
| Disposals | (788) | 788 | ||||||||||||||||||
| At 31 |
December | 2022 | 1,076,318 | 896 | 1,077,214 | |||||||||||||||
| Carrying | Amount | |||||||||||||||||||
| At 31 |
December | 2022 | 1,076,318 | 896 | 1,077,214 | |||||||||||||||
| At 31 |
December | 2021 | 928,912 | 1,710 | 930,622 | |||||||||||||||
| Listed | investments | at | market | value | ||||||||||||||||
| The | listed | investments | can | be | broken | down | as | follows: | - | |||||||||||
| 2022 | 2021 | |||||||||||||||||||
| £ | £ | |||||||||||||||||||
| Quoted | securities | managed | by | Barclays | ||||||||||||||||
| Wealth | UK | Equities | 594,137 | 577,107 | ||||||||||||||||
| M & |
G | Charifund | Units | 311,879 | 247,472 | |||||||||||||||
| Charities' | Official | Investment | Fund - |
Income | units | 170,302 | 104,333 | |||||||||||||
| Total | 1,076,318 | 928,912 | ||||||||||||||||||
| 10. | Debtors | |||||||||||||||||||
| 2022 | 2021 | |||||||||||||||||||
| £ | £ | |||||||||||||||||||
| Amounts | falling | due | within | one | year: | |||||||||||||||
| Prepayments | and | accrued | income | 2,061 | 3,648 |
| 11. | Creditors: | amounts | amounts | falling | due | due | within | one | year: | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||||||||
| £ | £ | ||||||||||||
| Accruals | and deferred |
income | 17,610 | 9,792 | |||||||||
| 12. | Financial | Instruments | |||||||||||
| 2022 | 2021 | ||||||||||||
| £ | £ | ||||||||||||
| Carrying | amount | of | financial | assets | |||||||||
| Debt instruments |
measured at |
amortised | cost | 2,591 | 2,591 | ||||||||
| Equity | instruments | measured | at | market | value | 1,077,214 | 930,622 | ||||||
| Carrying | amount | of | financial | liabilities | |||||||||
| Measured | at amortised |
cost | 17,610 | 9,792 |
| Movements | in | funds | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Balance at |
Incoming | Resources | Revaluations | Balance at |
|||||
| 1 January |
Resources | Expended | Gains/ | 31 | December | ||||
| 2022 | (Losses) | 2022 | |||||||
| £ | £ | £ | £ | £ | |||||
| Endowment | fund | 3,468,708 | 250,828 | 3,719,536 | |||||
| 3,468,708 | 250,828 | 3,719,536 |
| Unrestricted | Funds | ||||||
|---|---|---|---|---|---|---|---|
| Movements | in | funds | |||||
| Balance at |
Incoming | Resources | Balance at |
||||
| January | Resources | expended | December | ||||
| 2022 | 2022 | ||||||
| £ | £ | £ | £ | ||||
| Unrestricted | fund | 67,003 | 70,158 | (76,268) | 60,893 | ||
| 67,003 | 70,158 | (76,268) | 60,893 |
| Analysis | of | Net | Ass | ets | Betw | een | Funds | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Endowment | Total | ||||||||||||||
| Funds | Funds | |||||||||||||||
| £ | £ | £ | ||||||||||||||
| Fund | balances | at | 31 | December | 2022 | are | presented | by: | ||||||||
| Tangible | assets | 1,778,706 | 1,778,706 | |||||||||||||
| Investment | properties | 679,251 | 679,251 | |||||||||||||
| Investments | 33,117 | 1,044,097 | 1,077,214 | |||||||||||||
| Current | assets/(liabilities) | 27,776 | 217,482 | 245,258 | ||||||||||||
| 60,893 | 3,719,536 | 3,780,429 | ||||||||||||||
| Analysis | of | net | assets | between | funds | - | prior | year | ||||||||
| Unrestricted | Endowment | Total | ||||||||||||||
| Funds | Funds | |||||||||||||||
| £ | £ | £ | ||||||||||||||
| Fund | balances | at | 31 | December | 2021 | are | presented | by: | ||||||||
| Tangible | assets | 1,778,706 | 1,778,706 | |||||||||||||
| Investment | properties | 794,251 | 794,251 | |||||||||||||
| Investments | 34,871 | 895,751 | 930,622 | |||||||||||||
| Current | assets/(liabilities) | 32,132 | 32,132 | |||||||||||||
| 67,003 | 3,468,708 | 3,535,711 |