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2022-09-30-accounts
|
Page |
| Trustees, Officers and Advisors |
1 |
| Trustees Annual Report |
2—5 |
| Statement ofTrustees Responsibilities |
6 |
| Auditors’ Report |
7— 10 |
| Statement of Financial Activities |
11 |
| Balance Sheet |
12 |
| Cash Flow |
13 |
| Notes to the Financial Statements |
14—22 |
ees consider that reserves are necessary to cover any
ses, together with providing on-going working capital. |
major unexpected repairs to |
the |
|
2022 |
2021 |
|
£ |
£ |
| Total charity funds per balance sheet: |
7,692,780 |
7,627.669 |
| Deduct: |
|
|
| Almshouse properties. fixtures and fillings |
(7,786,986) |
(7,916,585) |
| Add back associated loans |
977,143 |
1,458,822 |
| Free reserves |
|
1.169.906 |
|
|
Unrestricted |
Unrestricted |
|
Notes |
2022 |
2021 |
|
|
£ |
£ |
| INCOME AND ENDOWMENTS FROM: |
|
|
|
| Charitable Activities |
|
|
|
| Residential Income |
3 |
759,195 |
721,324 |
| Investments |
|
|
|
| Interest |
|
409 |
59 |
| Rent of investment property |
4 |
38,477 |
38,477 |
| Total income |
|
798081 |
759,860 |
| EXPENDITURE ON; |
|
|
|
| Charitable Activities |
5a |
707,970 |
660,726 |
| Raising funds |
|
|
|
| Costs re investment properties |
4 |
- |
70 |
| Total expenditure |
|
707,970 |
660,796 |
| Net Income for the year |
|
90,111 |
99,064 |
| Losses on revaluation |
|
(25.000) |
- |
| Net movement in funds forthe year |
|
65,111 |
99.064 |
| Funds Brought forward |
|
7.627,669 |
7.528,605 |
| FUND BALANCES CARRIED FORWARD |
|
|
7627669 |
|
Notes |
|
2022 |
2021 |
|
|
|
£ |
£ |
| FIXED ASSETS |
|
|
|
|
| Tangible assets |
8 |
|
7,786986 |
7916,585 |
| Investments |
8 |
|
475,000 |
500.000 |
|
|
|
8,261,986 |
8,416585 |
| CURRENTASSETS |
|
|
|
|
| Debtors |
9 |
36,489 |
|
36.516 |
| Cash at bank and in hand |
|
474,071 |
|
712,354 |
|
|
510,560 |
|
748,870 |
| CREDITORS: Amounts falling due within one year |
10 |
(191,332) |
|
(167,673) |
| NET CURRENT ASSETS |
|
|
319.228 |
561.197 |
| CREDITORS: Amounts falling due after one year |
11 |
|
(888.434) |
(1,370.113) |
| NET ASSETS |
|
|
7.892.780 |
7627 669 |
| FUNDS |
|
|
|
|
| Unrestricted funds |
|
|
7,692,780 |
7,627,669 |
|
|
|
Z+ZZ |
_L621.69 |
|
|
|
|
2022 |
2021 |
|
|
|
|
£ |
£ |
| Cash flows from operating activities |
|
|
|
|
|
| Net cash provided by operating activities (see below) |
|
|
|
288895 |
259,459 |
| Cash flows from investing activities |
|
|
|
|
|
| Purchase of fixed assets |
|
|
|
(4,169) |
(6,216) |
| Proceeds from sale ofinvestments |
|
|
|
- |
- |
| Bank interest received |
|
|
|
409 |
59 |
| Net cash (used in)/provided by investing activities |
|
|
|
(3.760) |
(6,157) |
| Cash flows from financing activities |
|
|
|
|
|
| Bank loan repayments |
|
|
|
(481,679) |
(41,178) |
| Bank interest paid |
|
|
|
(41 .739) |
(41,822) |
| Net cash used in financing activities |
|
|
|
(523.418) |
(83.000) |
| Change in cash and cash equivalents in reporting |
|
period |
|
(238,283) |
170.302 |
| Cash and cash equivalents at the beginning ofthe reporting |
|
|
|
712.354 |
54Z052 |
| period |
|
|
|
|
|
| Cash and cash equivalents at the end ofthe reporting period |
|
|
|
474.071 |
712,35A |
| Reconciliation of net income to net cash flow from operating activities |
|
|
|
|
|
|
|
|
|
2022 |
2021 |
|
|
|
|
£ |
£ |
| Net income |
|
|
|
65,111 |
99,064 |
| Adjustments for |
|
|
|
|
|
| Depreciation charges |
|
|
|
133,768 |
132,934 |
| Revaluation of investment property |
|
|
|
25,000 |
- |
| Interest received |
|
|
|
(409) |
(59) |
| Interest payable |
|
|
|
41,739 |
41.822 |
| (Profit)/loss on the sale of Investments |
|
|
|
- |
- |
| Decrease/(increase) in debtors |
|
|
|
27 |
(3,163) |
| lncrease!(decrease)/ in creditors |
|
|
|
23,659 |
(11,139) |
|
|
|
|
288 895 |
259.459 |
| Analysis and movement of Net Debt |
|
2021 |
Cash flow |
2022 |
|
|
|
£ |
£ |
£ |
|
| Cash in hand |
512,354 |
|
(288,283) |
224,071 |
|
| Notice Deposits (less than 3 months) |
200,000 |
|
50,000 |
250.000 |
|
| Total cash and cash equivalents |
712,354 |
|
(236,283) |
474,071 |
|
| Loans |
(1,458,822) |
|
481,679 |
(977,143) |
|
| Total |
(746.468) |
|
243.396 |
(503.0721 |
|
| RESIDENTIAL INCOME |
|
|
|
2022 |
2021 |
|
£ |
£ |
| The residential income comprises: |
|
|
| Maintenance |
743,231 |
706,407 |
| Heating Contribution |
15,344 |
14,777 |
| Guest room |
620 |
140 |
|
759.195 |
721,324 |
| 2022 |
2021 |
| £ |
£ |
| 38.477 |
38477 |
| The related costs associated with generatin |
g these funds are as follows: |
|
|
|
|
2022 |
|
2021 |
|
|
£ |
|
£ |
|
| Maintenance costs |
|
- |
|
|
| Professional Fees |
|
- |
|
70 |
| Other costs |
|
|
|
|
|
|
|
|
70 |
| CHARITABLE ACTIVITIES |
|
|
|
2022 |
2021 |
|
£ |
£ |
| Upkeep ofAlmshouses (5b) |
415,604 |
385,285 |
| Frilsham & Yattendon Parochial Charities |
2,000 |
2,000 |
| Depreciation |
133,768 |
132,934 |
| Provision for unpaid maintenance |
|
|
| contributions |
- |
5447 |
| Support costs (5c) |
114,859 |
93,238 |
| Mortgage interest |
41.739 |
41,822 |
|
707.970 |
660.726 |
| Upkeep ofAlmshouses |
|
|
|
2022 |
2021 |
|
£ |
£ |
| Water and Insurance |
36,387 |
42,606 |
| Light and Heat |
29,562 |
39,072 |
| Repairs and Maintenance |
229,954 |
224,840 |
| Estate management and service fees |
64,584 |
34,122 |
| Managers’ Salaries and Expenses |
51,413 |
42,573 |
| Council tax on vacant accommodation |
3,704 |
2,072 |
|
415.604 |
385.285 |
| upport costs |
|
|
|
2022 |
2021 |
|
£ |
£ |
| Clerks Salary and Expenses |
33,689 |
39,208 |
| Managers’ office costs |
16,669 |
7,621 |
| Miscellaneous |
9,656 |
5,245 |
| Governance costs: |
|
|
| ProfessFonal fees |
43,595 |
31,384 |
| Auditfee |
11,250 |
9,760 |
|
|
93.238 |
| Staffcosts during the year comprise: |
|
|
|
2022 |
2021 |
|
£ |
£ |
| Salaries |
78,454 |
74,607 |
| National Insurance |
3,030 |
3,461 |
| Pension costs |
3,619 |
3714 |
|
85,103 |
81,762 |
| Recruitment and training |
8,506 |
4796 |
|
93.609 |
86 578 |
| The weekly average number of staff was as follows: |
|
|
|
|
|
2022 |
|
2021 |
|
| Managers |
|
2 |
|
2 |
| Clerk |
|
1 |
|
1 |
|
|
3 |
|
3 |
| ANGIBLE FIXED ASSETS |
|
|
|
|
|
Almshouse & |
|
|
|
|
associated |
Fixtures |
Other |
|
|
property used |
and fittings |
property held |
|
|
for charitable |
|
for investment |
|
|
purposes |
|
purposes |
Total |
|
£ |
£ |
£ |
£ |
| COST OR VALUATION; |
|
|
|
|
| At 1 October 2021 |
8,848,489 |
78,333 |
500,000 |
9,426,822 |
| Additions |
- |
4,169 |
|
4,169 |
| Disposals |
- |
- |
- |
- |
| Revaluations |
|
|
(25,000) |
(25,000) |
| At 30 September 2022 |
8,848,489 |
82,502 |
475,000 |
9,405,991 |
| DEPRECIATION: |
|
|
|
|
| At 1 October2021 |
976,002 |
34,235 |
- |
1,010,237 |
| Charge for the year |
118,553 |
15,215 |
|
133,768 |
| At30 September2022 |
1,094,555 |
49.450 |
|
1,144,005 |
| NET BOOK VALUES |
|
|
|
|
| At 30 September 2022 |
7.753.934 |
33.052 |
475.000 |
|
| At 30 September 2021 |
7.872.487 |
44.098 |
500 000 |
8.416.5 |
| CREDITORS: Amounts falling due within one year |
|
|
|
2022 |
2021 |
|
£ |
£ |
| Sank loans and overdrafts (note 15) |
88,709 |
88,709 |
| Social Security and other taxes |
1,317 |
1,455 |
| Accrued expenses |
74,782 |
52,777 |
| Other creditors |
26,524 |
24,732 |
|
191.332 |
167.673 |
| CREDITORS: Amounts falling due afterone year |
|
|
|
2022 |
2021 |
|
£ |
£ |
| Bank loans and overdrafts (note 15) |
44 |
1.370,113 |
| INANCIA |
L INSTRUMENTS |
|
|
|
|
2022 |
2021 |
|
|
£ |
£ |
| Financial |
assets measured at arnortised cost |
479,959 |
715,794 |
| Financial |
assets measured at fair value |
475,000 |
500,000 |
| Financial |
liabilities measured at amortised cost |
1,078,449 |
1,536,331 |
| Financial |
assets measured at fair value |
38,477 |
38,536 |
| Financial |
liabilities measured at amortised cost |
41,739 |
41,822 |
t the balance sheet date, the charity had contracted wit
minimum lease payments: |
h tenants to receive |
the followin |
|
2022 |
2021 |
|
£ |
£ |
| Not later than one year |
27,254 |
36,477 |
| Later than one year and not later than five years |
- |
27,254 |
| Later than five years |
|
|
|
|
65,731 |
|
|
|
|
|
2022 |
2021 |
|
|
|
|
|
£ |
£ |
| Amounts |
falling |
due |
within 1 year |
|
88,709 |
88,709 |
| Amounts |
falling |
due |
between 2-5 years |
|
354,837 |
354,837 |
| Amounts |
falling |
due |
after 5 years |
|
533,597 |
1,015,276 |
|
|
|
|
£ |
977.143 |
£ 1,458.622 |