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||||Page|
|---|---|---|---|
|Reference and administrative
information||||
|Report of the|Trustees||2-5|
|Report ofthe|Independent
Auditors||6-8|
|Consolidated|Statement
of Financial|Activities||
|Consolidated|Income and Expenditure|Account|10|
|Balance Sheet - Group and Charity||||
|Notes to the|Financial Statements||12-17|
##
##
|The Directors of ttie Charitable|The Directors of ttie Charitable|Company|Company|(The Chanly) are its|Trustees for the purpose|Trustees for the purpose|Trustees for the purpose|of ctiarity law. Ttie|
|---|---|---|---|---|---|---|---|---|
|Trustees and Officers servmg||during|the|period and since the|year||end were as follows||
|||||P C Moakes|||||
|||||S.J. Brook|||||
|||||C C. Mills|||||
|||||A. D. Sugden (Resigned|||16/03/22)||
|||||WJ.Collins|||||
|||||P. E. O'Hare|||||
|||||C. Donovan|||||
|||||D R. Drome|||||
|||||B.J. Davenport|||||
|||||G.P. Isom|||||
|||||LE,Fartsy (Appointed||21/09/22)|||
|||||C R Selway (Appointed|||21/09/22)||
|COMPANYSECRETARY||||A B.Conyard|||||
|REGISTERED|CHARITY NUMBER|||1142608|||||
|COMPANY REGISTRATION||NUMBER||07109869|||||
|REGISTERED|OFFICE|||Brtdge House|||||
|||||2 Church Street|||||
|||||Dawlish|||||
|||||Devon|||||
|||||EX7 9AU|||||
|INDEPENDENT
AUDITORS||||Casson Beckmsn|||||
|||||Murrllls
House|||||
|||||48 East Street|||||
|||||Portchester|||||
|||||PO16 9XS|||||
|LEGAL ADVISORS||||Hunters|||||
|||||9 New Square|||||
|||||Lincoln's
Inn|||||
|||||London|||||
|||||WC2A 3QN|||||
|BANKERS||||Lloyds TSB|||||
|||||PO Box1000|||||
|||||Andover|||||
|||||BX1 1LT|||||
|INVESTMENT|MANAGERS|||Serasin & Partners|LLP||||
|||||Juxon House|||||
|||||100St Paula Churchyard|||||
|||||London|||||
|||||EC4M SBU|||||
|||||M&G
Investments|||||
|||||PO Box9039|||||
|||||Chelmsford|||||
|||||CM99 2XF|||||
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||||||C|tl ic|el**|tl|d|0|ti|I 9|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||u|0
td|p
tow f
d|U ~ntmr||d|n tlodf|||d|Ttlf
d|T|0
p
I~II||Ch
Tebt|dty
f W|cn my
Trlfm|||
||||||||y*|ed|||||||y||d d|y|d
d|y||d d|
||||||sin|I»|310||I|31|n|||SI 0|sl|0||310|t|31|0||
||||||2022||2022||||2022|||2022||2021||2022|||2021||
||||Note|||||||||||6|||||6|||6|
|INCOME|||||||||||||||||||||||
|Donations
and legacies||||||213||||||||213|||||213|||500|
|Income from chergeble|activities||||||||||||||||||||||
|Ccntnbuttons||||||||3,007||||||3AM7|||3 909||3,007|||3,909|
|Investment
Income||||||299,903||||||||299,903||304,500||299,9$3||||304,500|
|Totallncomlng
resources||||||300,196||3,007||||||303,203||300,909||303,203||||300,009|
|EXPENDITURE|||||||||||||||||||||||
|Cost of raising
funds|||||||||||||||||||||||
|Trading expenses|||||||||||||||||1,309|||||1,309|
||||||||||||||||||1,309|||||1,309|
|Nat Incoming
resources||available for|||||||||||||||||||||
|charitable
eppgcatlon||||||300,196||3,007||||||303,203||307,MO||303,203||||307,600|
|Expenditure
on charitable||acgvltles|||||||||||||||||||||
|Support costs|||7|||273,784||||||17,95$||291,742|||267,008|291,742||||207,808|
|Net tncomlngl(outgoing)||resources|for the||||||||||||||||||||
|year before recognised|galtts and losses|||||26,412||3,007|||(17,950)|||11,461|||30,712||11,461|||39,712|
|Other recognised
gains|and losses||||||||||||||||||||||
|Unreagsed
Investment|||||||||||||||||||||||
|(lossesygelns|||10|||(034,002)||||||||(034,002)||953,971||(034,802)||||953,971|
|Unrealsed
cash losses||||||(129,975)||||||||(129,975)|||(65,764)|(120,975)||||(55,764)|
|Realised Investment
garne||||||10,002||||||||10,062|||12,330||10,062|||12,330|
|Net movemant
In funds||||||(020,303)||3,007|||(17,958)|||(943,254)||950,249||(943,254)||||950,249|
|Reconcgiagon
offunds|||||||||||||||||||||||
|Totalfunds
broughtfonvard|||14|||0,119,679|||||2,316,713|||10,430,392|9,400,143|||10,436,392|||9,486,143||
|Transfer between
funds|||14|||(17,950)||||||17,956|||||||||||
|Fund balences carrlsd|||||||||||||||||||||||
|forward et 31 December|2022||14|||7,173,410||3,007|||2,316,713|||9,493,138|10,436,392|||9,4M,130||10,436,392|||
##
|||||||||Year Ended|Year Ended|
|---|---|---|---|---|---|---|---|---|---|
|||||||||31 December|31 December|
|||||||||2022|2021|
|||||||||6|6|
|Income||||||||||
|Contnbutions||||||||3,007|3,909|
|Investment|income|||||||299,983|304,500|
|Voluntary
income||||||||213|500|
|Total Income||||||||303,203|308,909|
|Expenditure||||||||||
|Trading expenses|||||||||1,309|
|Expenditure|on chentable||activities|||||291,742|267,888|
|Total Expenditure||||||||291,742|269,197|
|Surplus
for ths year before||||Other|recognised|gains|and|11,461|39,712|
|losses||||||||||
|Other Recognised||gains and||tosses:||||||
|Realised gains|on disposal||of investments|||||10,062|12,330|
|Surplus
before and||after tax||||||21,523|52,042|
##
|||tefggg|@mls|QLqgE|JBtflh|
|---|---|---|---|---|---|
|||2022|2022|2021|2021|
||Note|||5|f|
|FIXEDASSETS||||||
|Tangible assets|9|712,570|712,578|731,301|731,301|
|Investments|10|8,483,589|8,403,589|9,300,329|9,308,329|
|TOTAL FIXEDASSETS||9,196,167|9,196,167|10,039,630|10,039,630|
|CURRENT ASSETS||||||
|Debtors|11|21,960|25,180|20,422|23,626|
|Cash at bank snd In hand|12|300,027|297,022|401,821|398,237|
|TOTAL CURRENTASSETS||322,687|322,202|422,243|421,863|
|LIABILlllES||||||
|Creditors
falling due within one year|13|(25,818)|(26,816)|(26,096)|(25,486)|
|NET CURRENT ASSETS||296,971|296,586|397,147|396,377|
|TOTAL ASSETSLESSCURRENT|LIABILITIES|9,493,130|9,492,753|10,436,777|10,436,007|
|THE FUNDS OF THE CHARITY:||||||
|Unrestricted
income funds|14|7,176,040|7,178,040|0,119,679|8,119,284|
|Non-charitable
trading
funds|14|385||305||
|Permanent
endowment
funds|14|2,318,713|2,318,713|2,316,713|2,310,713|
|TOTAL CHARITY FUNDS||9,493,138|9,492,753|10,436,777|10,436,007|
##
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|4|DONATIONS
AND LEGACIES|DONATIONS
AND LEGACIES|DONATIONS
AND LEGACIES|DONATIONS
AND LEGACIES|||||||||||||||2022|2022||2021||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||||||||||6||||
||Dnbms|||||||||||||||||||213||500||
|5|INCOME FROM SUBSIDIARY'6|||||TRADING|||ACTNITIES|||||||||||||||
||Ths Chergy
has a wtmgy|||owned||Irading||subsidiary,||||RCH|Um led|wNch|t|reglst||r d m|England|and Wales,||Company||
||number 2897315 RCH||Umited||ts|currently||dormant|||due to||Ihs dosure of Ihe|||Chanly||s operal|onal factly.|||||
||Summery
ProSt and Lo|||A count|||||||||||||||2022|||2021||
|||||||||||||||||||||E||L||
||Admlnwt
og
expenses|||||||||||||||||||||(1,309)||
||Nst prof l|||||||||||||||||||||(1,3IN)||
||Amount
gift
d to Tl
R||gway Corwalescent||||||Home|||||||||||||1,309||
||Retained
In subsidiary|||||||||||||||||||||||
||The assets eml0ebgtles||ofthe subsk0ary were|||||||||||||||||||||
||Cuomit ass
fa|||||||||||||||||||3,584||3,584||
||Creditors
Amounts
fatgng|||due w Ihln|||one year|||||||||||||(3 199)||(3,199)||
||Aggregate
share capital||and res||rvas|||||||||||||||||||
||please refer lo the Tr stees R pxl||||||end Nme|||I and|21, Ih||dosme|of Ihe|con||alescent Home has|||also meant tttst Ihe||||
||trading
company hes ceased trading||||||for gte|foreseeebls||||future||||||||||||
|8|INVESTMENT INCOME||||||||||||||||||2022|||2021||
|||||||||||||||||||||6||6||
||Income from managed||nvestmente||||||||||||||||224,837|||227,463||
||Rents frcm Investment|propedles|||||||||||||||||75,146|||77,037||
||||||||||||||||||||299,983|||304,500||
||The investment
propsdy||Is|shovm||In|note 10|||||||||||||||||
|7|SUPPORT COSTS|||||||||||||||Continuing|||Continuing|||||
|||||||||||||||||R*slri ted|||ChsrNable|||2022|2021|
||||||||||||||||||Fund||Exp ndit
r|||E|L|
||Wages||||||||||||||||||130,218|||130,218|115,659|
||Pension contnbuttons|||||||||||||||||||5,796||5,796|4,986|
||Rates|||||||||||||||||||5,329||5,329|24,885|
||I Buf8nra||||||||||||||||||19,404|||19,404|14,152|
||Light and heel|||||||||||||||||||6,321||6,321|7,659|
||Propmty mamtenance||||||||||||||||||61,744|||81,744|38,854|
||Temp none|||||||||||||||||||2,894||2,894|3,195|
||Computer
expenses|||||||||||||||||||2,049||2,049|2,046|
||Printing,
etagonery
and|postage||||||||||||||||||3,726||3,725|4,087|
||Traveglng
and accommodation|||||||||||||||||||118||116|67|
||Staff u
iforms|||||||||||||||||||260||260|275|
||Audit and accountanay|||||||||||||||||||7,061||7,081|6,540|
||Professional
fees||||||||||||||||||28,300|||28,300|26,962|
||DeprecleUon
Lose oh disposal ofassets|||||||||||||||||17,958||765
(200)|18,723
~200||19,401
~yyf|
|||||||||||||||||||17,958|273,784|||291,742|267,885|
||These costs have been||apporgoned||||on e usage|||baste||||||||||||||
||The auditors
remuneration|||relate||to|suds and accountancy||||||semca|f ribs|y|r||||||||
##
||||Freehold|Freehold|||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||land and||Computer||Garden|2022|2021||
||||bugdlngs||equipment||Equipment|Total|Total||
|||||||5||5|L||
|At I January 2022||||897,080||6,455|3,099|907,442|904,343||
|Additions|||||||||3,099||
|At 31 December 2022||||897,888||6,455|3,099|907,442|907,442||
|AII January 2022||||169,441||5,955|745|176,141|156,740||
|Charge
for year||||17,950||176||18,723|19,401||
|At 31 December 2022||||187,399||6,131|1,334|194,864|176,141||
|Net book value|||||||||||
|At 31 December 2022||||710,489||324|1,765|712,570|731,301||
|FIXED ASSET INVESTMENTS FOR CHARITY AND||||||GROUP|||||
||||||||Listed|Investment|2022|2021|
||||||||Investments|property|Total|Total|
||||||||6|5|F.|5|
|Market value at I January 2022|||||||7,808,329|1,500,000|9,300,329|8,342,028|
|Addibons|||||||10,062||10,062|12,330|
|Net investment
gains|-|Unreagsed|||||(834,802)||(834,802)|953,971|
|Market value st 31 December 2022|||||||6,983,589|1,500,000|8,483,589|9,308,329|
|Historical
cost at 31 December|||2022||||4,773,254|1,169,182|5,942,436|5,932,374|
|Listed investments|at|market value||comprised:|||||||
|UK fixed interest securities|||||||||1,030,281|941,162|
|Ovemeas
fixed interest||securities|||||||57,10O|71,142|
|Equities|||||||||4,682,364|5,688,006|
|UK property Investments|||||||||301,959|305,360|
|Other investments|||||||||901,805|802,659|
|Investments
listed on|a recognised||stock exchange||||||6,983,589|7,808,329|
|Investment
managers'||cash account|||||||151,399|281,374|
||||||||||7,134,988|8,089,703|
##
|«|DEBTO|RS||||||||||~Grou|~Ch art t|~Gro u|C~her|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||2022|2022|2021|2021|
||Prepeyments|||||||||||21,960|21,960|20,422|20,422|
||Amounts|due||from||trading|subsidiary||||||3,220||3,204|
|||||||||||||21,960|25,180|20,422|23,626|
|12|CASH AT BANK||||AND IN||HAND|||||Grourt|~Charlt|~Gro u|Charity|
|||||||||||||2022|2022|2021|2021|
|||||||||||||5||5|8|
||Bank current|||and|deposit||accounts|||||149,085|145,480|120,348|«e,7e4|
||Petty cash|||||||||||100|100|100|100|
||Investment||cash|||||||||151,443|151,443|281,374|281,374|
|||||||||||||300,627|297,022|401,821|398,237|
|13|CREDITORS|||||||||||~Grou|~Charlt|~Grou|Char)D|
|||||||||||||2022|2022|2021|2021|
|||||||||||||5||5|5|
||Operalmg|credaors||||||||||15,406|15,406|14,618|14,618|
||Taxaeon|and||social security costs||||||||2,806|2,806|2,744|2,744|
||Other creditors|||||||||||1,033|1,033|959|1,349|
||Accruals|end||deferred
income||||||||6,371|6,371|6,775|6,775|
|||||||||||||25,616|25,616|25,096|25,486|
|14|NET MOVEMENT|||||IN CHARITABLE||||FUNDS||||||
||Analysts|of|unrestricted||||fund movements|||||||||
|||||Balance as at|||||Incoming||Resources|Investment|Transfer to|Balance as at|Balance es at|
|||||01.01.2022||||resources|||expended|gains/|restricted|31.12.2022|31.12.2021|
|||||||||||||(losses)|fund|||
||General|||||||||||||||
||purpose|Fund||||8«9|2g4|||3032M|(273,784)|(954,715)|(17,958)|7,176,040|8,«9,294|
||Non-|||||||||||||||
||chentable|||||||||||||||
||tradmg
funds||||||385|||||||385|385|
|||||||8,«9,679||||303,203|(273,784)|||7,178,425|8,«9,679|
||Analysis|of|restricted
fund movements|||||||||||||
|||||Balance as at|||||Incoming||Resources|Investment|Transferfrom|Balance as at|Balance as st|
|||||01.01.2022||||resources|||expended|gains/|un-restricted|31.12.2022|31.12.2021|
|||||||||||||(losses)|fund|||
||Permanent|||||||||||||||
||endowment|||||2,316,713|||||(17,958)||17,958|2,316,713|2,316,713|
|15|ANALYSIS OF GROUP ASSETS||||||||BETWEEN||FUNDS|||||
|||||||||||||Unrestricted|Restricted|Total|Balance as et|
|||||||||||||Funds|Funds|Funds|31.12.2021|
|||||||||||||||8|6|
||Tangible|8xed||assets||||||||2089|710,489|712,578|731,301|
||Fixed assetinvestmenls|||||||||||6,983,589|1,500,000|8,483,589|9,308,329|
||Cash et bank|||and|In hand|||||||300,627||300,627|401,821|
||Other net|current|||gabeities|||||||(3,656)||(3,656)|(4,674)|
|||||||||||||7,282,649|2,210,489|9,493,138|10,436,777|
##