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|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|
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|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|
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|||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|
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||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|
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|||||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||
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|