**LEGACY EAST ALMSHOUSE PARTNERSHIP CHARITY REGISTRATION NUMBER 1155672** 

**FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023** 



**LEGACY EAST ALMSHOUSE PARTNERSHIP** 

**FOR THE YEAR ENDED 31 DECEMBER 2023** 

## **FINANCIAL STATEMENTS** 

## **INCORPORATING THE FOLLOWING LINKED CHARITIES** 

**BRIGHTLINGSEA SANTIAGO ALMSHOUSE CHARITY – CHARITY REGISTRATION NUMBER 1155672-1 CHELMSFORD ALMSHOUSE CHARITY – CHARITY REGISTRATION NUMBER 1155672-2 DR WEST MEMORIAL HOME – CHARITY REGISTRATION NUMBER 1155672-3 HODDESDON COTTAGE HOMES FOR THE AGED POOR – CHARITY REGISTRATION NUMBER 1155672-4 MISS RUTLAND’S ALMSHOUSES – CHARITY REGISTRATION NUMBER 1155672-7 NETHANIAH HOME – CHARITY REGISTRATION NUMBER 1155672-8 LOUGHTON ALMSHOUSE CHARITY – CHARITY REGISTRATION NUMBER 1155672-9 SPROWSTON WAR MEMORIAL TRUST – CHARITY REGISTRATION NUMBER 1155672-10 JOHN GILDERS & MASKELL ALMSHOUSE CHARITY – CHARITY REGISTRATION NUMBER 1155672-11 SPRINGFIELD GREEN ALMSHOUSES – CHARITY REGISTRATION NUMBER 1155672-12 WRITTLE ALMSHOUSE CHARITY – CHARITY REGISTRATION NUMBER 1155672-14 ERNEST ELIJAH EVERITT TRUST – CHARITY REGISTRATION NUMBER 1155672-15 MARY DAINS COTTAGES – CHARITY REGISTRATION NUMBER 1155672-16 COPLAND ALMSHOUSE CHARITY – CHARITY REGISTRATION NUMBER 1155672-17** 

## **CONTENTS** 

|1 – 7|Report of the Trustees|
|---|---|
|8 – 9|Independent Auditor’s Report|
|10|Statement of Financial Activities|
|11|Balance Sheet|
|12|Cash Flow Statement|
|13 – 19|Notes to the Accounts|
|20|Linked Charities – Summary Statement of Financial Activities|
|21|Linked Charities – Summary Balance Sheet|
|The following|pages do not form part of the statutory financial statements|



- 22 – 25 Brightlingsea Santiago Almshouse Charity 26 – 29 Chelmsford Almshouse Charity 30 – 33 Dr West Memorial Home 34 – 37 Hoddesdon Home for the Aged Poor 38 – 41 Miss Rutland’s Almshouses 42 – 45 Nethaniah Home 46 – 49 Loughton Almshouse Charity 50 – 53 Sprowston War Memorial Trust 54 – 57 John Gilders and Maskell Almshouse Charity 58 – 61 Springfield Green Almshouses 62 – 65 Writtle Almshouses 66 – 69 Ernest Elijah Everitt Trust 70 – 73 Mary Dains Cottages 74 – 77 Copland Almshouse Charity 78 Legacy East Almshouse Partnership – Detailed Statement of Financial Activities 



**1** 

**LEGACY EAST ALMSHOUSE PARTNERSHIP** 

## **ANNUAL REPORT OF THE TRUSTEES** 

## **FOR THE YEAR ENDED 31 DECEMBER 2023** 

The Trustees present their report along with the financial statements of the charity for the year ended 31 December 2023.  The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” in preparing the annual report and financial statements of the charity. 

The financial statements have been prepared in accordance with the accounting policies set out in notes to the financial statements on pages 13 and 14 and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 2019. 

## **INTRODUCTION** 

Legacy East Almshouse Partnership (LEAP) was established in 2014 as a Charitable Incorporated Organisation and in 2015 took on the management of six almshouse charities from Genesis Housing Association Ltd as the corporate trustee of each of them, these were Dr West Memorial Home, Hoddesdon Cottage Homes for the Aged Poor, Miss Rutland’s Almshouses, Nethaniah Home, Loughton Almshouse Charity, and Sprowston War Memorial Trust, between them these charities own nineteen properties. 

Since then, LEAP has become the corporate trustee of a further eleven almshouse charities, including four from Colne Housing Society, giving a total of seventeen charities and seventy four properties: 

- On 31[st] December 2017, LEAP became the corporate trustee of the John Gilders and Maskell Almshouses Charity in Clacton with four properties, two of which were in need of substantial repair and refurbishment. 

- On 15th April 2018, LEAP became the corporate trustee of Springfield Green Almshouses in Chelmsford which has two bungalows built in 1878. 

- On 1st July 2018 LEAP took over the corporate trusteeship from Colne Housing Society Ltd of the following four charities: 

   - Copland Almshouse Charity (reg no. 226757) with four properties in Chelmsford. 

   - Writtle Almshouse Charity (reg no. 276582) with three properties. 

   - Chelmsford Almshouse Charity (reg no. 210698) with six flats. 

   - Brightlingsea Santiago Almshouse Charity (reg no. 218050) with four bungalows and four flats. 

- On 29[th] July 2020 LEAP took over the corporate trusteeship of Ernest Elijah Everitt Trust (reg no. 232586) with four properties in Southend. 

- On 1[st] September 2020 LEAP took over the corporate trusteeship of Mary Dains Charity (reg no. 234313) with six properties in Trimley St Mary, near Felixstowe in Suffolk. 

- On 31[st] December 2021 LEAP took over corporate trusteeship of the Fullers Almshouse Charity (reg no. 213703) with no properties but a considerable fund to provide new almshouses in the Stansted Mountfitchet area. 

- On 1[st] July 2022 LEAP took over the corporate trusteeship of Sir William Petrie’s Almshouses and Chapel (reg no. 242954) with twelve properties and its own chapel in Ingatestone to allow the previous trustees to retire including Lord Petre, a former Lord Lieutenant of Essex and a descendant of Sir William Petre.  This almshouse charity was established in 1557.  The Almshouses were originally built at a different site and were rebuilt in their current location in 1840. 

- On 2[nd] October 2023 LEAP took on the management of the Chelmsford United Charities (reg no. 207552) with six properties on Moulsham Street Chelmsford.  The Mildmay Almshouses were founded by Thos Mildmay in 1545, rebuilt by William Mildmay in 1758. They are Grade II Listed. 

All the above charities, with the exception of Fullers Almshouse Charity have been linked to Legacy East Almshouse Partnership under a uniting direction which took effect from 1 January 2020, with the Copland Almshouse Charity being linked with effect from 1 January 2022, these are aggregated together in these financial statements as restricted funds.  Sir William Petrie’s Almshouses and Chapel and the Chelmsford United Charities were linked in 2024 and independent financial statements for the year ended 31 December 2023 will be prepared for these charities. 

The charities of Priscilla Mansers Fund (registration number 1155672-5), Elizabeth Warners Cottage (registration number 1155672-6) and the Charity of Janet Dowsett (registration number 1155672-13 are also linked to Legacy East Almshouse Partnership.  The charities of Priscilla Mansers Fund and Elizabeth Warners Cottage are dormant and have no funds or reserves. The Charity of Janet Dowsett was removed from the Charity Commission register on 22 August 1995. 

## **OBJECTIVES AND ACTIVITIES** 

## **Objectives and aims** 

The objects of the Charity are: 

1. To acquire, manage, maintain and develop almshouses and other charitable Trust property for the benefit of people in need of housing; 

2. Such other purposes at the trustees’ absolute discretion which may be charitable according to the law of England and Wales. 

In furtherance of these purposes, the Charity may take over and manage established Permanent Endowment in accordance with the original objects of the Trusts relating to each Permanent Endowment. 

**Application of Income** 

The income and property of the Charity must be applied solely towards the promotion of the Charity’s objects. 



**2** 

**LEGACY EAST ALMSHOUSE PARTNERSHIP** 

**ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023** 

## **OBJECTIVES AND ACTIVITIES** 

## **Significant activities** 

During the year ended 31 December 2023 the Charity managed seventeen almshouse charities in the area of Essex, Suffolk, Norfolk and Hertfordshire, fourteen of which are linked to this Charity, to provide accommodation to seventy four people in need of housing. 

## **Public benefit** 

These activities are considered to be for the public benefit and in running the Charity the Trustees have regard for the Charity Commission guidance on public benefit. 

## **LINKED CHARITIES** 

Legacy East Almshouse Partnership encompasses a number of linked charities that share this Trustees’ Report and single set of aggregated financial statements.  The linked charities share the same charity number as Legacy East Almshouse Partnership and have the same Trustees. 

The active linked charities, their objectives and governing document are as follows: 

## **Brightlingsea Santiago Almshouse Charity – charity number 1155672-1** 

The Charity is governed in accordance with a Scheme sealed by the Charity Commission on 24 August 1998 as amended by a further Scheme dated 4 October 2006. 

The object of the Charity is the provision and maintenance of eight almshouse properties for beneficiaries in Brightlingsea, Essex 

The beneficial groups that the Charity aims to assist, under the terms of the Charity Scheme, are as follows: 

1. The residents of six of the almshouses shall be poor people resident in the Parish of Brightlingsea who either; 

   - a. have learning disabilities, or 

   - b. are elderly. 

2. The residents of two of the almshouses shall be poor women who (except in special cases to be approved by the Charity Commission) are resident in the Parish of Brightlingsea, with preference for widows of seamen. If on occurrence of a vacancy in either of the said two almshouses there is no such applicant the vacancy may be filled by a person described in the first beneficial class. 

## **Chelmsford Almshouse Charity – charity number 1155672-2** 

The Charity is governed in accordance with a Scheme sealed by the Charity Commission on 19 September 1974 as amended by further Schemes dated 18 October 1994 and 25 November 2008. 

The object of the Charity is the provision and maintenance of six almshouse properties for beneficiaries in Chelmsford, Essex. 

The beneficial group that the Charity aims to assist, under the terms of the Charity Scheme, are residents who shall (except in special cases to be approved by the Charity Commission) be poor persons in the following order of priority: 

1. persons who attend or until prevented by infirmity or illness attended either; a. Christ Church United Reformed Church, New London Road, Chelmsford, or 

   - b. any non-conformist church or chapel in Chelmsford. 

2. inhabitants of Chelmsford. 

## **Dr West Memorial Home – charity number 1155672-3** 

The Charity is governed in accordance with a Scheme sealed by the Charity Commission on 9 August 1976. 

The object of the Charity is the provision and maintenance of one almshouse property for beneficiaries in Hoddesdon, Hertfordshire. 

The beneficial group that the Charity aims to assist, under the terms of the Charity Scheme, are aged persons living in Hoddesdon who the Trustees shall consider to be the most deserving objects of the Charity, such residents may be of either sex but with a preference for a married couple. 

## **Hoddesdon Cottages for the Aged Poor – charity number 1155672-4** 

The Charity is governed in accordance with a Scheme sealed by the Charity Commission on 27 April 1971 with a further Scheme amendment dated 30 April 1996. 

The object of the Charity is the provision and maintenance of four almshouse properties for beneficiaries in Hoddesdon, Hertfordshire. 

The beneficial group that the Charity aims to assist, under the terms of the Charity Scheme, are aged persons living in Hoddesdon, such residents may be of either sex but with a preference for married couples. 



**3** 

**LEGACY EAST ALMSHOUSE PARTNERSHIP** 

**ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023** 

## **LINKED CHARITIES (continued)** 

## **Miss Rutland’s Almshouse Charity – charity number 1155672-7** 

The Charity is governed in accordance with a Scheme sealed by the Charity Commission on 17 January 1979 with a further Scheme amendment dated 10 December 1996. 

The objects of the Charity is the provision and maintenance of four almshouse properties for beneficiaries in Hempstead, Essex. 

The beneficial group that the Charity aims to assist, under the terms of the Charity Scheme, are aged persons who are poor, invalid or infirm and are resident in the parish of Hempstead, Essex.  If there is no suitably qualified applicant, a person resident in an adjoining parish who is otherwise duly qualified may be considered. 

## **Nethaniah Home – charity number 1155672-8** 

The Charity is governed in accordance with a Scheme sealed by the Charity Commission on 6 March 1953 with a further Scheme amendments dated 17 June 1960, 11 July 1977 and 28 July 1998. 

The object of the Charity is the provision and maintenance of four almshouse properties for beneficiaries in Ipswich, Suffolk. 

The beneficial group that the Charity aims to assist, under the terms of the Charity Scheme, are deserving persons of either sex from Ipswich and being also either aged persons or persons completely and permanently physically disabled.  Two beneficiaries shall be parishioners and communicants at the Parish Church of the Ecclesiastical Parish called the United Parish of St Mary Stoke with St Peter and St Mary Quay, Ipswich and shall be nominated by the Rector of the said ecclesiastical parish. The remaining beneficiaries shall be persons of any denomination but preference shall be given to members of the Church or Congregation of the Stoke Green Baptist Chapel at Ipswich. 

## **Loughton Almshouse Charity – charity number 1155672-9** 

The Charity is governed in accordance with a Scheme sealed by the Charity Commission dated 14 October 1981. 

The objects of the Charity is the provision and maintenance of four almshouse properties for beneficiaries in Loughton, Essex. 

The beneficial group that the Charity aims to assist, under the terms of the Charity Scheme, are poor persons who are inhabitants of the ancient parish of Loughton, Essex. 

## **Sprowston War Memorial Trust – charity number 1155672-10** 

The Charity is governed in accordance with a Scheme sealed by the Charity Commission on 21 July 1986 with a further Scheme amendment dated 12 March 1996. 

The object of the Charity is the provision and maintenance of two almshouse properties for beneficiaries in Sprowston, Norfolk. 

The beneficial group that the Charity aims to assist, under the terms of the Charity Scheme, except under special circumstances to be approved by the Charity Commission, shall be residents who qualify in the following classes and in the following order of priority: 

- Aged relatives of men who were resident in the Ecclesiastical Parish of St Mary and St Margaret with St Cuthbert, Sprowston and were killed or died while serving in the armed forces during the Great War of 1914 to 1918; 

- Men resident in the said Ecclesiastical Parish who served in the armed forces during the said war; 

- Poor persons resident in the said Ecclesiastical Parish; 

- Poor persons resident in the Diocese of Norwich, Norfolk. 

## **John Gilders and Maskell Almshouses Charity – charity number 1155672-11** 

The Charity is governed in accordance with a Scheme sealed by the Charity Commission on 26 February 1998. 

The object of the Charity is the provision and maintenance of four almshouse properties for beneficiaries in Clacton, Essex. 

The beneficial group the Charity aims to assist under the terms of the Charity Scheme are poor persons of good character who have been resident in the former urban district of Clacton, Essex for a period of not less than two years preceding the time of their appointment. Preference shall be given to persons who have been resident in the former parish of Great Clacton. 

## **Springfield Green Almshouses – charity number 1155672-12** 

The Charity is governed in accordance with a Scheme sealed by the Charity Commission on 22 October 1976 with a further Scheme amendment dated 19 July 2018. 

The objects of the Charity is the provision and maintenance of two almshouse properties for beneficiaries in Springfield, Essex. 

The beneficial group that the Charity aims to assist, under the terms of the Charity Scheme, are poor widows or spinsters of good character who are not less than 55 years of age being members of any Protestant denomination and who are born in the area of the Ecclesiastical Parish of All Saints, Springfield as constituted on the 19 February 1916 or (except in special cases to be approved by the Charity Commission) have resided in the said area for not less than six months next preceding the time of appointment with preference given to persons qualified as aforesaid who are members of the Church of England. 



**4** 

**LEGACY EAST ALMSHOUSE PARTNERSHIP** 

**ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023** 

## **LINKED CHARITIES (continued)** 

## **Writtle Almshouse Charity – charity number 1155672-14** 

The Charity is governed in accordance with a Scheme sealed by the Charity Commission on 14 January 1977 with a further Scheme amendment dated 4 October 2006. 

The object of the Charity is the provision and maintenance of three almshouse properties for beneficiaries in Writtle, Essex. 

The beneficial group that the Charity aims to assist, under the terms of the Charity Scheme, are persons in need who (except in special cases to be approved by the Charity Commission) are resident in the area of the Ancient Parish of Writtle at the time of appointment. 

## **Ernest Elijah Everitt Trust – charity number 1155672-15** 

The Charity is governed in accordance with a conveyance dated 9 December 1957. 

The object of the Charity is the provision and maintenance of four almshouse properties for beneficiaries in Southend, Essex. 

The beneficial group that the Charity aims to assist, under the terms of the Charity Scheme, are aged and needy persons connected with the Union of Evangelical Churches or other Free Church body residing in the county borough of Southend-on-Sea. 

## **Mary Dains Cottages – charity number 1155672-16** 

The Charity is governed in accordance with a Scheme sealed by the Charity Commission on 23 January 1961 with a further Scheme amendment dated 22 March 1989. 

The objects of the Charity is the provision and maintenance of six almshouse properties for beneficiaries in Trimley St Mary, Suffolk. 

The beneficial group that the Charity aims to assist, under the terms of the Charity Scheme, are poor persons of good character resident in the area of benefit with a preference for: 

- (a) persons qualified as above and belonging to a non-conformist denomination; 

- (b) persons who are resident in the parishes of Falkenham, Kirton, Trimley St. Martin and Trimley St. Mary. 

## **Copland Almshouse Charity – charity number 1155672-17** 

The Charity is governed in accordance with a Scheme sealed by the Charity Commission on 24 August 1979 as varied by a with a further Scheme amendment dated 4 October 2006. 

The object of the Charity is the provision and maintenance of four almshouse properties in Broomfield, Essex. 

The beneficial group that the Charity aims to assist, under the terms of the Charity Scheme, are poor persons who (except in special cases to be approved by the Charity Commission) are resident in the area of the Parish of Broomfield at the time of appointment. 

## **ACHIEVEMENT AND PERFORMANCE** 

**The Trustee Body:** A full meeting of trustees was held four times in 2023 to review and confirm all actions which had taken place in the preceding quarter as well as to consider and decide on future strategy and actions. These meetings were all held in person at a village hall in Copford, near Colchester. 

Policies were kept under constant review including that of delegated authorities to the Clerk and to the four members of the Property subcommittee to ensure the efficient running of all the seventeen charities under LEAP, involving seventy four properties. 

One new Trustee was appointed. 

Throughout the year there was almost daily contact between the Chairman and the Clerk by email, and often involving other trustees as a means of ensuring that decisions are made in a timely and prompt manner. 

## **Almshouse Residents** 

One new beneficiary was appointed at Springfield Green Almshouses, one at Nethaniah Home, one at Brightlingsea Santiago Almshouse Charity, one at Copland Almshouse Charity, one at Ernest Elijah Everitt Trust and one at Mary Dains Cottages in 2023. 

Repayment plans were put in place for five residents who had got behind with their weekly Maintenance Contributions (the equivalent of rent) caused by the Covid pandemic.  These arrears will be paid off gradually over time. 



**5** 

**LEGACY EAST ALMSHOUSE PARTNERSHIP** 

## **ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023** 

## **ACHIEVEMENT AND PERFORMANCE (continued)** 

## **Almshouse Properties** 

In addition to routine property management and maintenance issues which arose during the year, the trustees initiated and managed several projects including: 

- Refurbishment of an almshouse at Nethaniah Home was completed.  A refurbishment at Sprowston War Memorial Trust was commissioned and completed in 2024. 

- Redecoration was carried out at one almshouse at Springfield Green Almshouses, one at Brightlingsea Santiago Almshouse Charity and two at Mary Dains Cottages. 

- The project to substantially improve the appearance of the outside area at Miss Rutland’s Almshouse Charity at Hempstead, started in 2021, completed in 2023. 

- Rear doors to Copland Almshouses were replaced. 

- Replacement Fire Doors to all flats at Roman House, Chelmsford Almshouse Charity, were commissioned. 

- Periodic Electrical Inspections were carried out where due and all remedial works undertaken. 

- Linked Loft Smoke alarms we fitted to Mary Dains Cottages. 

- Secondary Glazing was fitted at Mary Dains Cottages. 

- Fire Safety Surveys were conducted at Brightlingsea Santiago Almshouse Charity Roman House flats, Chelmsford Almshouse Charity. 

**Conclusion:** Finally, as Chairman, I should like to record my thanks especially to the Clerk, Clare Heyes, who has once again continued to work hard throughout 2023; to Vice- Chairman, Ian Dudley for his help and support throughout the year, and a big thank you to all of the trustees for their commitment and dedication in managing all seventeen charities and successfully providing seventy four homes to residents. 

## **FINANCIAL REVIEW** 

## **Financial Position** 

The Charity’s financial position is as set out in the Balance Sheet on page 11 and is considered satisfactory. 

## **Reserves Policy** 

The Charity’s policy on reserves is to maintain sufficient reserves to enable the Charity to continue to achieve its principal objectives. 

## **FUTURE PLANS** 

LEAP has established maintenance funds for the proper management of the properties going forward for all of the charities under its management. 

LEAP will ensure there are due processes in place with regard to the welfare of the resident(s) by signposting them to care and support services should they request it. 

Trustees are investigating the possibility of providing a further almshouse on land owned at the Writtle Almshouse Charity. 

Trustees are looking to provide car parking at Copland Almshouse Charity. 

The trustees remain keen to see that the funds in the Fullers Almshouse Charity be used in the acquisition of almshouse properties in the Stansted Mountfitchet area. We remain in contact with Councillors of the Parish Council about opportunities to use this money for the benefit of residents in that area. 

## **STRUCTURE, GOVERENANCE AND MANAGEMENT** 

## **Governing Document** 

Legacy East Almshouse Partnership is governed in accordance with a constitution dated 11 December 2013. 

## **Methods adopted for recruitment and appointment of Trustees** 

The Trustees are appointed through co-option by existing Trustees and who need to have experience of managing almshouses and almshouse charities or who can offer expertise of benefit to almshouse charities.  As vacancies for Trustees arise applications are sought from potential candidates known to the Trustees and other suitable local people.  Applicants are then considered by the Trustees and appointments made by resolution of the Trustees. 



**6** 

**LEGACY EAST ALMSHOUSE PARTNERSHIP** 

**ANNUAL REPORT OF THE TRUSTEES** 

**FOR THE YEAR ENDED 31 DECEMBER 2023** 

## **STRUCTURE, GOVERENANCE AND MANAGEMENT (continued)** 

## **Policies and Procedures adopted for the induction and training of Trustees** 

New Trustees are briefed by the Chairman and the Clerk on the history and activities of the Charity.  They are provided with a copy of the Charity Commission publication “The Essential Trustee” detailing their responsibilities and providing guidance on being a Trustee.  New Trustees are provided with a copy of the Charity Scheme and the latest accounts. 

## **Organisational Structure of the Charity** 

Day to day administration of the Charity is carried out by the Clerk who reports to the Trustees.  In addition, the Clerk maintains a good working relationship with Melissa Hill, a clerk of another almshouse charity, such that if she needs some help of whatever sort, she has someone she can rely on for that support. 

## **Related Parties** 

Legacy East Almshouse Partnership acts as corporate trustee for seventeen almshouse charities, these are Dr West Memorial Home, Hoddesdon Cottage Homes for the Aged Poor, Miss Rutland’s Almshouses, Nethaniah Home, Loughton Almshouse Charity, Sprowston War Memorial Trust, John Gilders & Maskell Almshouse Charity, Springfield Green Almshouses, Writtle Almshouse Charity, Copland Almshouse Charity, Brightlingsea Santiago Almshouse Charity, Chelmsford Almshouse Charity, Ernest Elijah Everitt Trust, Mary Dains Cottages, Fullers Almshouse Charity, Sir William Petrie’s Almshouses and Chapel and Chelmsford United Charities (as from 1[st ] October 2023).  The Clerk to the Charity is also Clerk to other almshouse charities. 

## **Statement of Major Risks** 

As an integral part of their management policy the Trustees maintain regular checks on risk factors which may adversely affect the Charity. 

Through the employment of professional advisors the Trustees seek to ensure that all of the Charity’s management and decision making processes take full account of, and comply with, relevant legislation and regulatory controls. 

## **REFERENCE AND ADMINISTRATIVE DETAILS** 

**Charity Name:** Legacy East Almshouse Partnership **Other Names:** LEAP **Charity Registered Number:** 1155672 **Address of Principal Office:** Newbridge Hill, West Bergholt, Essex, CO6 3ER 

## **Trustees:** 

The Trustees who served during the year and to the date of this report were: 

Peter Hill Chairman Ian Dudley Vice Chairman Christopher Andrews Diana Hoy Robert Neve Manda O’Connell Adam Edwards Kevin Dale Mark Westall Appointed 16 February 2024 **Clerk to the Charity:** Mrs Clare Heyes, 18 Newbridge Hill, West Bergholt, Essex, CO6 3ER 07803 908686 

**Auditors: Bankers:** 

Haines Watts, Town Wall House, 4 Balkerne Hill, Colchester, Essex, CO3 3AD The Co-operative Bank, Delf House, Southway, Skelmersdale, WN8 6WT 



**7** 

**LEGACY EAST ALMSHOUSE PARTNERSHIP** 

## **ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023** 

## **STATEMENT OF TRUSTEES RESPONSIBILITIES** 

The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the charity and of the incoming resources and application of resources of the charity for that period.  In preparing these financial statements, the trustees are required to: 

- Select suitable accounting policies and apply them consistently; 

- Observe the methods and principles in the Charities SORP; 

- Make judgements and estimates that are reasonable and prudent; 

- State whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; and 

- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. 

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. 

The Trustees are also responsible for safeguarding the assets of the charity and, hence, for taking reasonable steps for the prevention and detection of fraud and other irregularities. 

The Trustees are responsible for the maintenance and integrity of the Charity and financial information included on the Charity Commissions website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. 

16 August 2024 

**Approved by the Trustees on:** 

………………………………………….. 

Peter Hill 

**and signed on their behalf by:** …………………………………………… Trustee 



**8** 

**INDEPENDENT AUDITOR’S REPORT** 

**TO THE TRUSTEES OF LEGACY EAST ALMSHOUSE PARTNERSHIP FOR THE YEAR ENDED 31 DECEMBER 2023** 

## **OPINION** 

We have audited the financial statements of Legacy East Almshouse Partnership for the year ended 31 December 2023 which comprise the Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies.  The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). 

In our opinion the financial statements: 

- give a true and fair view of the state of the Charity’s affairs as at 31 December 2023, and of its incoming resources and application of resources for the year then ended; 

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and 

- have been prepared in accordance with the requirements of the Charities Act 2011. 

## **BASIS FOR OPINION** 

We conducted our audit in accordance with International Standards on Auditing (UK) (ISA’s (UK)) and applicable law.  Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements.  We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 

## **CONCLUSIONS RELATING TO GOING CONCERN** 

We have nothing to report in respect of the following matters in relation to which the ISA’s (UK) require us to report to you where: 

- the Trustees’ use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or 

- the Trustees have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the Charity’s ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date the financial statements are authorised for issue. 

## **OTHER INFORMATION** 

The Trustees are responsible for the other information.  The other information comprises the information included in the Trustees Annual Report, other than the financial statements and our auditor’s report thereon. 

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. 

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated.  If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement in the other information.  If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. 

We have nothing to report is this regard. 

## **MATTERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION** 

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion: 

- the information given in the financial statements is inconsistent in any material respect with the trustees’ report; or 

- sufficient accounting records have not been kept; 

- the financial statements are not in agreement with the accounting records and returns; or 

- we have not obtained all the information and explanations necessary for the purposes of our audit. 



**9** 

**INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF LEGACY EAST ALMSHOUSE PARTNERSHIP FOR THE YEAR ENDED 31 DECEMBER 2023** 

## **RESPONSIBILITIES OF TRUSTEES** 

As explained more fully in the Trustees’ Responsibilities Statement on page 6, the trustees are responsible for the preparation of financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. 

In preparing the financial statements, the trustees are responsible for assessing the Charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intends to liquidate the Charity or to cease operations, or have no realistic alternative but to do so. 

## **AUDITOR’S RESPONSIBILITIES FOR THE AUDIT OF THE FINANCIAL STATEMENTS** 

We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act. 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: 

- We considered the risk of fraud through management override and in response, we incorporated testing of manual journal entries into our audit approach throughout the financial year. 

- We also considered the risk of fraud through assumptions and judgements used within accounting estimates and in response, reviewed and scrutinised these estimates in order to detect possible management bias. 

- We also considered the risk of fraud associated with the preparation of the financial statements and in response, tested the disclosures prepared against relevant supporting documentation. 

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report. 

## **USE OF OUR REPORT** 

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008.  Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed. 


## **HAINES WATTS STATUTORY AUDITORS** 

Town Wall House Balkerne Hill Colchester Essex CO3 3AD 

20 August 2024 

Haines Watts is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006. 



## **LEGACY EAST ALMSHOUSE PARTNERSHIP** 

## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023** 

|**INCOME AND ENDOWMENTS FROM:**<br>Charitable Activities<br>Investment Income<br> Other Income – Fee for Research Project<br>**TOTAL**<br>**EXPENDITURE ON:**<br>Charitable Activities<br>**TOTAL**<br>**NET**<br>**NET GAINS/(LOSSES) ON INVESTMENTS**<br>**NET INCOME**<br>**TRANSFERS BETWEEN FUNDS**<br>**OTHER RECOGNISED GAINS/(LOSSES)**<br>Gain on Revaluation of Housing Properties<br>**NET MOVEMENT IN FUNDS**<br>**RECONCILIATION OF FUNDS:**<br>Total Funds Brought Forward<br>Introduce Copland Almshouse Charity Funds as<br>at 1 January 2022<br>Total Funds Carried Forward|**Notes**<br>**3**<br>**4**<br>**5**<br>**9**<br>**8**<br>**1**||**Unrestricted Funds**<br>**(Legacy East**<br>**Restricted Fund**<br>**Total**<br>**Almshouse Partnership)**<br>**(Linked Charities)**<br>**(Combined)**<br>**2023**<br>**2022**<br>**2023**<br>**2022**<br>**2023**<br>**2022**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**59,925**<br>50,400<br>**367,583**<br>345,858<br>**427,508**<br>396,258<br>**4,833**<br>1,019<br>**17,479**<br>4,492<br>**22,312**<br>5,511<br>**630**<br>-<br>**-**<br>-<br>**630**<br>-|**Total**<br>**(Combined)**|
|---|---|---|---|---|
||||**65,388**<br>51,419<br>**385,062**<br>350,350<br>**450,450**<br>401,769||
||||**35,539**<br>30,529<br>**187,281**<br>191,312<br>**222,820**<br>221,841||
||||**35,539**<br>30,529<br>**187,281**<br>191,312<br>**222,820**<br>221,841||
||||**29,849**<br>20,890<br>**197,781**<br>159,038<br>**227,630**<br>179,928<br>**-**<br>-<br>**69,727**<br>(3,485)<br>**69,727**<br>(3,485)||
||||**29,849**<br>20,890<br>**267,508**<br>155,553<br>**297,357**<br>176,443<br>**-**<br>-<br>**-**<br>-<br>**-**<br>-<br>**-**<br>-<br>**702,428**<br>967,335<br>**702,428**<br>967,335||
||||**29,849**<br>20,890<br>**969,936**<br>1,122,888<br>**999,785**<br>1,143,778<br>**99,141**<br>78,251<br>**8,728,779**<br>7,140,644<br>**8,827,920**<br>7,218,895<br>**-**<br>-<br>**-**<br>465,247<br>**-**<br>465,247||
||||**128,990**<br>99,141<br>**9,698,715**<br>8,728,779<br>**9,827,705**<br>8,827,920||



All incoming resources and resources expended derive from continuing activities. 



## **LEGACY EAST ALMSHOUSE PARTNERSHIP** 

## **BALANCE SHEET** 

## **AS AT 31 DECEMBER 2023** 

|**FIXED ASSETS**<br>Tangible Fixed Assets<br>Investments<br>**CURRENT ASSETS**<br>Debtors and Prepayments<br>Cash at Bank and in Hand<br>**CREDITORS:**Amounts falling due with one year<br>**NET CURRENT ASSETS**<br>**TOTAL ASSETS LESS CURRENT LIABILITIES**<br>**CREDITORS:**Amounts falling due after more<br>than one year<br>**NET ASSETS**<br>**CAPITAL AND RESERVES**<br>Restricted Funds<br>Unrestricted Funds|**Notes**<br>**8**<br>**9**<br>**10**<br>**11**<br>**12**<br>**13**<br>**15**||**Unrestricted Funds**<br>**(Legacy East**<br>**Restricted Fund**<br>**Total**<br>**Almshouse Partnership)**<br>**(Linked Charities)**<br>**(Combined)**<br>**2023**<br>**2022**<br>**2023**<br>**2022**<br>**2023**<br>**2022**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**-**<br>-<br>**8,120,348**<br>7,417,920<br>**8,120,348**<br>7,417,920<br>**-**<br>-<br>**1,170,492**<br>993,265<br>**1,170,492**<br>993,265|**Total**<br>**(Combined)**|
|---|---|---|---|---|
||||**-**<br>-<br>**9,290,840**<br>8,411,185<br>**9,290,840**<br>8,411,185||
||||**19,465**<br>31,764<br>**130,032**<br>150,819<br>**149,497**<br>182,583<br>**258,006**<br>207,043<br>**439,122**<br>353,970<br>**697,128**<br>561,013||
||||**277,471**<br>238,807<br>**569,154**<br>504,789<br>**846,625**<br>743,596<br>**148,481**<br>139,666<br>**68,000**<br>80,475<br>**216,481**<br>220,141||
||||**128,990**<br>99,141<br>**501,154**<br>424,314<br>**630,144**<br>523,455||
||||**128,990**<br>99,141<br>**9,791,994**<br>8,835,499<br>**9,920,984**<br>8,934,640<br>**-**<br>-<br>**93,279**<br>106,720<br>**93,279**<br>106,720||
||||**128,990**<br>99,141<br>**9,698,715**<br>8,728,779<br>**9,827,705**<br>8,827,920||
||||**-**<br>-<br>**9,698,715**<br>8,728,779<br>**9,698,715**<br>8,728,779<br>**128,990**<br>99,141<br>**-**<br>-<br>**128,990**<br>99,141||
||||**128,990**<br>99,141<br>**9,698,715**<br>8,728,779<br>**9,827,705**<br>8,827,920||
|)<br>)<br>Peter Hill<br>)<br>………………………………………………. )<br>)    TRUSTEES<br>)<br>)<br>Ian Dudley<br>)<br>………………………………………………. )|||||



||)|
|---|---|
||)|
|Peter Hill|)|
|……………………………………………….|)|
||)    TRUSTEES|
||)|
||)|
|Ian Dudley|)|
|……………………………………………….|)|



These accounts were approved by the Trustees on 16 August 2024 



**12** 

**LEGACY EAST ALMSHOUSE PARTNERSHIP** 

## **CASH FLOW STATEMENT** 

## **FOR THE YEAR ENDED 31 DECEMBER 2023** 

|**NET CASH FLOW FROM OPERATING ACTIVITIES**<br>Net Movement in Funds<br>Gain on Revaluation of Housing Properties<br>(Gains)/Losses on Investments<br>Dividends from Investments and Interest<br>Decrease/(Increase) in Debtors<br>(Decrease)/Increase in Creditors (exc. Loans)<br>Cash Provided by/(Used) by Operating Activities<br>**CASH FLOW FROM INVESTING ACTIVITIES**<br>Dividends from Investments and Interest<br>Purchase of Investments<br>Proceeds from Sale of Investments<br>Cash Provided by/(Used) by Investing Activities<br>**CASH FLOW FROM FINANCING ACTIVITIES**<br>Repayment of Loans<br>Cash Used by Financing Activities<br>**INCREASE/(DECREASE) IN CASH AND CASH**<br>**EQUIVALENTS**<br>**CASH AND CASH EQUIVALENTS AT THE**<br>**BEGINNING OF THE YEAR**<br>**INTRODUCE COPLAND ALMSHOUSE CHARITY**<br>**AS AT 1 JANUARY 2022 (NOTE 1)**<br>**CASH AND CASH EQUIVALENTS AT THE END**<br>**OF THE YEAR**||**Unrestricted Funds**<br>**(Legacy East**<br>**Restricted Funds**<br>**Almshouse**<br>**(Linked**<br>**Total**<br>**Partnership)**<br>**Charities)**<br>**(Combined)**<br>**2023**<br>**2022**<br>**2023**<br>**2022**<br>**2023**<br>**2022**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**29,849**<br>20,890<br>**969,936**<br>1,122,888<br>**999,785**<br>1,143,778<br>**-**<br>-<br>**(702,428)**<br>(967,335)<br>**(702,428)**<br>(967,335)<br>**-**<br>-<br>**(69,727)**<br>3,486<br>**(69,727)**<br>3,486<br>**(4,833)**<br>(1,019)<br>**(17,479)**<br>(4,492)<br>**(22,312)**<br>(5,511)<br>**12,299**<br>(4,898)<br>**20,787**<br>(13,588)<br>**33,086**<br>(18,486)<br>**8,815**<br>17,907<br> **(12,475)**<br> (5,418)<br> **(3,660)**<br>12,489|**Total**<br>**(Combined)**|
|---|---|---|---|
|||**46,130**<br>32,880<br>**188,614**<br>135,541<br>**234,744**<br>168,421||
|||**4,833**<br>1,019<br>**17,479**<br>4,492<br>**22,312**<br>5,511<br>**-**<br>-<br>**(107,500)**<br>(40,000)<br>**(107,500)**<br>(40,000)<br>**-**<br>-<br>**-**<br>-<br>**-**<br>-||
|||**4,833**<br>1,019<br>**(90,021)**<br>(35,508)<br>**(85,188)**<br>(34,489)||
|||**-**<br>-<br>**(13,441)**<br>(31,941)<br>**(13,441)**<br>(31,941)||
|||**-**<br>-<br>**(13,441)**<br>(31,941)<br>**(13,441)**<br>(31,941)||
|||**50,963**<br>33,899<br>**85,152**<br>68,092<br>**136,115**<br>101,991<br>**207,043**<br>173,144<br>**353,970**<br>262,275<br>**561,013**<br>435,419<br>**-**<br>-<br>**-**<br>23,603<br>**-**<br>23,603||
|||**258,006**<br>207,043<br>**439,122**<br>353,970<br>**697,128**<br>561,013||



The cash and cash equivalents of the Linked Charities are as follows: 

|Brightlingsea Santiago Almshouse Charity<br>Chelmsford Almshouse Charity<br>Dr West Memorial Home<br>Hoddesdon Home for the Aged Poor<br>Miss Rutland’s Almshouses<br>Nethaniah Home<br>Loughton Almshouse Charity<br>Sprowston War Memorial Trust<br>John Gilders and Maskell Almshouse Charity<br>Springfield Green Almshouses<br>Writtle Almshouses<br>Ernest Elijah Everitt Trust<br>Mary Dains Cottages<br>Copland Almshouse Charity|**2023**<br>**2022**<br>**£**<br>**£**<br>**78,508**<br>75,212<br>**26,545**<br>20,604<br>**7,899**<br>5,615<br>**5,072**<br>-<br>**37,743**<br>26,507<br>**1,015**<br>-<br>**39,921**<br>38,245<br>**1,014**<br>-<br>**21,427**<br>10,875<br>**24,661**<br>23,626<br>**38,072**<br>36,474<br>**89,619**<br>85,856<br>**34,618**<br>4,216<br>**33,008**<br>26,740|
|---|---|
||**439,122**<br>353,970|





**13** 

**LEGACY EAST ALMSHOUSE PARTNERSHIP** 

**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023** 

## **1. INTRODUCTION** 

Legacy East Almshouse Partnership acts as corporate trustee for seventeen almshouse charities, these are Brightlingsea Almshouse Charity, Chelmsford Almshouse Charity, Dr West Memorial Home, Hoddesdon Cottage Homes for the Aged Poor, Miss Rutland’s Almshouses, Nethaniah Home, Loughton Almshouse Charity, Sprowston War Memorial Trust, John Gilders & Maskell Almshouse Charity, Springfield Green Almshouses, Writtle Almshouse Charity, Ernest Elijah Everitt Trust, Mary Dains Cottages, Copland Almshouse Charity, Fullers Almshouse Charity, Sir William Petrie’s Almshouses and Chapel and Chelmsford United Charities. 

All the above charities, with the exception of Fullers Almshouse Charity, Sir William Petrie’s Almshouses and Chapel and Chelmsford United Charities, have been linked to Legacy East Almshouse Partnership under a uniting direction, this took effect from 1 January 2020 with Copland Almshouse Charity being linked with effect from 1 January 2022. 

Legacy East Almshouse Partnership is the reporting charity and these financial statements are the aggregation for itself and all of the other linked charities.  Legacy East Almshouse Partnership is disclosed as an unrestricted fund with the Linked Charities being restricted funds and the total amounts being a combination of endowment, unrestricted and restricted funds. 

Copland Almshouse Charity was linked with effect from 1 January 2022, the assets, liabilities and funds as at 31 December 2022 have been introduced as at 1 January 2022. 

## **2. ACCOUNTING POLICIES** 

The following accounting policies have been used consistently in dealing with items which are considered material in relation to the Charity’s accounts. 

## **a) General Information and Basis of Accounting** 

The charity constitutes a public benefit entity as defined by FRS 102. 

The accounts have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, and UK Generally Accepted Accounting Practice. 

The accounts are prepared using the historical cost accounting rules except that that freehold properties are included at valuation and investments are included at their market value. 

Component Accounting is not applied since the replacement of those components of the property which have a shorter useful life than the main structure is not capitalised but written off as incurred to the General Fund or the Extraordinary Repair Fund. 

## **b) Fund Accounting** 

Restricted funds are funds received by the Charity for a specific purpose and can only be used for that purpose. Unrestricted funds are available to spend on activities that further any of the purposes of Charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. 

## **c) Going Concern** 

The accounts are prepared on a going concern basis as there are no material uncertainties about the Charity's ability to continue. 

## **d) Income** 

Income is recognised when the Charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably. 

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the Charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. 

For legacies, entitlement is taken as the earlier of the date on which either: the Charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the Charity that a distribution will be made, or when a distribution is received from the estate. 

Donations and other voluntary income are reflected in the accounts for the period in which they are received.  Donations in kind are recognised by the Charity when received except in the case of services provided free or at undervalue by voluntary staff or others which are not reflected in the accounts. 



**14** 

**LEGACY EAST ALMSHOUSE PARTNERSHIP** 

**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023** 

## **2. ACCOUNTING POLICIES (CONTINUED)** 

## **e) Interest Received** 

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the Bank. 

## **f) Expenditure** 

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. 

## **g) Repairs and Maintenance of Properties** 

The charges in the Statement of Financial Activities in respect of Cyclical Maintenance and Extraordinary Repairs reflect the Trustees’ constant concern to keep the properties in good condition and are in accordance with the Almshouse Associations’ recommendation that Almshouse Charities should set aside each year specific sums in this respect.  Transfers are made from the General Fund each year to the Extraordinary Repair Fund to cover extraordinary repairs as they arise and to the Cyclical Maintenance Fund to cover repairs which arise on a cyclical basis. 

## **h) Support Costs** 

The Charity’s governance costs are allocated entirely to the Almshouse Costs since support costs relating to other activities are considered immaterial. 

## **i) Tangible Fixed Assets** 

## **Housing Properties** 

The housing properties are included in the accounts at their insurance value.  Additions after each revaluation are included at cost until a further revaluation. 

The housing properties are not depreciated as revaluations are performed with sufficient regularity to ensure that the carrying amounts are not materially misstated. 

The cost of refurbishment and improvements to the existing property are written off to the Revenue Reserve as incurred.  Any major improvements or extensions to the property are capitalised. 

## **j) Investments** 

Investments are shown on the Balance Sheet at their market value.  Changes in market values during an accounting period are reflected in the accounts as unrealised gains or losses.  Upon disposal of an investment the difference between original cost and disposal proceeds is reflected in the accounts as a realised gain or loss and an adjustment is made to unrealised gains or losses to reverse unrealised movements in value in earlier years. 

## **k) Debtors** 

Contributions and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid net of any discounts due. 

## **l) Cash at Bank** 

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 

## **m) Creditors and Provisions** 

Creditors and provisions are recognised where the Charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount. 

## **n) Taxation** 

The Charity is exempt from tax on its charitable activities. 



**15** 

**LEGACY EAST ALMSHOUSE PARTNERSHIP** 

**NOTES TO THE FINANCIAL STATEMENTS** 

**FOR THE YEAR ENDED 31 DECEMBER 2023** 

## **3. INCOME FROM CHARITABLE ACTIVITIES** 

## **Unrestricted Funds** 

**Almshouse Management** Management and Administration Fees 

**Almshouse Income** Contributions Due Losses from Voids 

||**Unrestricted Funds**||
|---|---|---|
||**Legacy East**<br>**Restricted Funds**<br>**Total**<br>**Almshouse Partnership**<br>**Linked Charities**<br>**Combined**<br>**2023**<br>**2022**<br>**2023**<br>**2022**<br>**2023**<br>**2022**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**59,925**<br>50,400<br>**-**<br>-<br>**59,925**<br>50,400|**Total**<br>**Combined**|
||**59,925**<br>50,400<br>**-**<br>-<br>**59,925**<br>50,400||
||**-**<br>-<br>**377,414**<br>351,728<br>**377,414**<br>351,728<br>**-**<br>-<br>**(9,831)**<br>(5,870)<br>**(9,831)**<br>(5,870)||
||**-**<br>-<br>**367,583**<br>345,858<br>**367,583**<br>345,858||
||||
||**59,925**<br>50,400<br>**367,583**<br>345,858<br>**427,508**<br>396,258||



## **4. INVESTMENT INCOME** 

Dividends Receivable from Listed Investments Bank Deposit Account Interest Receivable 

||**Unrestricted Funds**<br>**Legacy East**<br>**Restricted Funds**<br>**Total**<br>**Almshouse Partnership**<br>**Linked Charities**<br>**Combined**<br>**2023**<br>**2022**<br>**2023**<br>**2022**<br>**2023**<br>**2022**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**-**<br>-<br>**345**<br>334<br>**345**<br>334<br>**4,833**<br>1,019<br>**17,134**<br>4,158<br>**21,967**<br>5,177|**Total**<br>**Combined**|
|---|---|---|
||**4,833**<br>1,019<br>**17,479**<br>4,492<br>**22,312**<br>5,511||



## **5. EXPENDITURE ON CHARITABLE ACTIVITIES** 

|**EXPENDITURE ON CHARITABLE ACTIVITIES**||||
|---|---|---|---|
|**Almshouse Management Operating Costs**<br>Clerks Fees and Expenses<br>Auditor’s Remuneration<br>Trustees’ Expenses<br>Sundry Expenses<br>Subscription<br>Bank Charges<br>**Almshouse Costs**<br>Vacant Property Costs<br>Water Charges<br>Light and Heat<br>Insurance<br>Repairs and Renewals<br>Extraordinary Repairs<br>Cyclical Repairs<br>Gardening<br>Cleaning<br>Bad Debts<br>Sundry Expenses<br>Housing Loan Interest<br>Support Costs – Governance Costs<br>Administration Fees<br>Auditor’s Remuneration<br>Trustees’ Expenses<br>Legal and Professional Fees<br>Almshouse Association Subscriptions||**Unrestricted Funds**<br>**Legacy East**<br>**Restricted Funds**<br>**Total**<br>**Almshouse Partnership**<br>**Linked Charities**<br>**Combined**<br>**2023**<br>**2022**<br>**2023**<br>**2022**<br>**2023**<br>**2022**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**32,775**<br>27,900<br>**-**<br>-<br>**32,775**<br>27,900<br>**1,482**<br>1,602<br>**-**<br>-<br>**1,482**<br>1,602<br>**234**<br>25<br>**-**<br>-<br>**234**<br>25<br>**551**<br>575<br>**-**<br>-<br>**551**<br>575<br>**461**<br>427<br>**-**<br>-<br>**461**<br>427<br>**36**<br>-<br>**-**<br>-<br>**36**<br>-|**Total**<br>**Combined**|
|||**35,539**<br>30,529<br>**-**<br>-<br>**35,539**<br>30,529||
|||**-**<br>-<br>**368**<br>586<br>**368**<br>586<br>**-**<br>-<br>**1,416**<br>1,400<br>**1,416**<br>1,400<br>**-**<br>-<br>**19,890**<br>17,296<br>**19,890**<br>17,296<br>**-**<br>-<br>**9,175**<br>8,676<br>**9,175**<br>8,676<br>**-**<br>-<br>**31,210**<br>33,942<br>**31,210**<br>33,942<br>**-**<br>-<br>**34,019**<br>41,565<br>**34,019**<br>41,565<br>**-**<br>-<br>**5,386**<br>4,751<br>**5,386**<br>4,751<br>**-**<br>-<br>**12,167**<br>12,158<br>**12,167**<br>12,158<br>**-**<br>-<br>**1,166**<br>1,272<br>**1,166**<br>1,272<br>**-**<br>-<br>**371**<br>311<br>**371**<br>311<br>**-**<br>-<br>**249**<br>382<br>**249**<br>382<br>**-**<br>-<br>**1,544**<br>2,949<br>**1,544**<br>2,949||
|||**-**<br>-<br>**116,961**<br>125,288<br>**116,961**<br>125,288<br>**-**<br>-<br>**47,600**<br>44,800<br>**47,600**<br>44,800<br>**-**<br>-<br>**21,840**<br>20,082<br>**21,840**<br>20,082<br>**-**<br>-<br>**230**<br>-<br>**230**<br>-<br>**-**<br>-<br>**650**<br>996<br>**650**<br>996<br>**-**<br>-<br>**-**<br>146<br>**-**<br>146||
|||**-**<br>-<br>**187,281**<br>191,312<br>**187,281**<br>191,312||
|||||
|||**35,539**<br>30,529<br>**187,281**<br>191,312<br>**222,820**<br>221,841||





**16** 

**LEGACY EAST ALMSHOUSE PARTNERSHIP** 

**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023** 

## **6. NET INCOME/(EXPENDITURE) FOR THE YEAR** 

|This is stated after charging:<br>Auditor’s Remuneration:<br>Audit Fees<br>Accountancy Fees||**Unrestricted Funds**<br>**Legacy East**<br>**Restricted Funds**<br>**Total**<br>**Almshouse Partnership**<br>**Linked Charities**<br>**Combined**<br>**2023**<br>**2022**<br>**2023**<br>**2022**<br>**2023**<br>**2022**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**660**<br>540<br>**6,720**<br>5,880<br>**7,380**<br>6,420<br>**822**<br>1,062<br>**15,120**<br>14,202<br>**15,942**<br>15,264|**Total**<br>**Combined**|
|---|---|---|---|
|||**1,482**<br>1,602<br>**21,840**<br>20,082<br>**23,322**<br>21,684||



## **7. RELATED PARTY TRANSACTIONS AND TRUSTEES REMUNERATION** 

No trustees were remunerated year ended 31 December 2023 or the year ended 31 December 2022. 

Four trustees were reimbursed travelling expenses of £464 during the year ended 31 December 2023, £234 by Legacy East Almshouse Partnership and £230 by Sprowston War Memorial Trust. One trustee was reimbursed travelling expenses of £25 by Legacy East Almshouse Partnership during the year ended 31 December 2022. 

Legacy East Almshouse Charity utilised the clerk services of the daughter-in-law of one of the charity trustees, during the year ended 31 December 2023 the clerk was paid fees of £475. 

The linked charity of Copland Almshouse Charity utilised the legal services of firm of solicitors in connection with its housing properties, one of the trustees is a partner in the Firm.   The fees paid during the year ended 31 December 2023 were £250 and were carried out in the normal course of business on commercial terms. 

There were no other related party transactions during the year ended 31 December 2023 or the year ended 31 December 2022. 

## **8. HOUSING PROPERTIES** 

|**HOUSING PROPERTIES**|||
|---|---|---|
||**Restricted Funds**||
||**Linked**|**Charities**|
||**2023**|**2022**|
||**£**|**£**|
|**COST OR VALUATION**|||
|At beginning of the year|**7,417,920**|<br>6,024,082|
|Introduce Copland Almshouse Charity properties as at 1 January 2022|**-**|426,503|
|Gain on Revaluation|**702,428**|<br>967,335|
|At end of the year|**8,120,348**|<br>7,417,920|
||||
||||
|**NET BOOK VALUE**|||
|At beginning of the year|**7,417,920**|<br>6,024,082|
||||
||||
|At end of the year|**8,120,348**|<br>7,417,920|
||||
||||
|The housing properties were revalued during the year ended 31 December 2023 to their insurance reinstatement values.|||
|The cost or valuation as at 31 December 2023 is represented by:|||
|Cost|**1,452,842**|<br>1,452,842|
|Accumulated revaluation gains|**6,667,506**|5,965,078|
||**8,120,348**|<br>7,417,920|
||||





**17** 

**LEGACY EAST ALMSHOUSE PARTNERSHIP** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

## **FOR THE YEAR ENDED 31 DECEMBER 2023** 

## **9. INVESTMENTS** 

|**VESTMENTS**|||
|---|---|---|
|**Listed Investments**<br>Market value at beginning of the year<br>ntroduce Copland Almshouse Charity investments as at 1 January 2022<br>Additions at cost<br>Revaluation gains/(losses)<br>Market value at end of the year<br>The cost or valuation as at 31 December 2023 is represented by:<br>Cost<br>Accumulated revaluation gains|**Restricted Funds**<br>**Linked Charities**<br>**2023**<br>**2022**<br>**£**<br>**£**<br>**993,265**<br>941,609<br>**-**<br>15,141<br>**107,500**<br>40,000<br>**69,727**<br>(3,485)|**Restricted Funds**<br>**Linked Charities**|
||**1,170,492**<br>993,265||
||**841,432**<br>733,932<br>**329,060**<br>259,333||
||**1,170,492**<br>993,265||



## **10. DEBTORS AND PREPAYMENTS** 

|**EBTORS AND PREPAYMENTS**||||
|---|---|---|---|
|Linked Charities<br>Contributions in Arrears<br>Other Debtors<br>Legacy East Almshouse Partnership<br>Prepayments and Accrued Income||**Unrestricted Funds**<br>**Legacy East**<br>**Restricted Funds**<br>**Total**<br>**Almshouse Partnership**<br>**Linked Charities**<br>**Combined**<br>**2023**<br>**2022**<br>**2023**<br>**2022**<br>**2023**<br>**2022**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**14,089**<br>28,570<br>**-**<br>-<br>**14,089**<br>28,570<br>**-**<br>-<br>**17,643**<br>17,730<br>**17,643**<br>17,729<br>**4,815**<br>2,513<br>**-**<br>29<br>**4,815**<br>2,542<br>**-**<br>-<br>**102,429**<br>125,124<br>**102,429**<br>125,124<br>**561**<br>681<br>**9,960**<br>7,936<br>**10,521**<br>8,618|**Total**<br>**Combined**|
|||**19,465**<br>31,764<br>**130,032**<br>150,819<br>**149,497**<br>182,583||



## **11. CASH AT BANK AND IN HAND** 

|**SH AT BANK AND IN HAND**||||
|---|---|---|---|
|Co-operative Bank Current Account<br>COIF Deposit Account||**Unrestricted Funds**<br>**Legacy East**<br>**Restricted Funds**<br>**Total**<br>**Almshouse Partnership**<br>**Linked Charities**<br>**Combined**<br>**2023**<br>**2022**<br>**2023**<br>**2022**<br>**2023**<br>**2022**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**127,617**<br>121,147<br>**-**<br>-<br>**127,617**<br>121,147<br>**130,389**<br>85,896<br>**439,122**<br>353,970<br>**569,511**<br>439,866|**Total**<br>**Combined**|
|||**258,006**<br>207,043<br>**439,122**<br>353,970<br>**697,128**<br>561,013||



## **12. CREDITORS: Amounts due within one year** 

|Loans (see note 14)<br>Linked Charities<br>Contributions Received in Advance<br>Other Creditors<br>Legacy East Almshouse Partnership<br>Accruals and Deferred Income||**Unrestricted Funds**<br>**Legacy East**<br>**Restricted Funds**<br>**Total**<br>**Almshouse Partnership**<br>**Linked Charities**<br>**Combined**<br>**2023**<br>**2022**<br>**2023**<br>**2022**<br>**2023**<br>**2022**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**-**<br>-<br>**13,203**<br>13,066<br>**13,203**<br>13,066<br>**102,429**<br>125,124<br>**-**<br>-<br>**102,429**<br>125,124<br>**-**<br>-<br>**7,298**<br>7,415<br>**7,298**<br>7,415<br>**42,280**<br>13,426<br>**8,361**<br>8,922<br>**50,641**<br>22,348<br>**-**<br>-<br>**14,089**<br>28,570<br>**14,089**<br>28,570<br>**3,772**<br>1,116<br>**25,049**<br>22,502<br>**28,821**<br>23,618|**Total**<br>**Combined**|
|---|---|---|---|
|||**148,481**<br>139,666<br>**68,000**<br>80,475<br>**216,481**<br>220,141||





**18** 

**LEGACY EAST ALMSHOUSE PARTNERSHIP** 

**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022** 

## **13. CREDITORS: amounts falling due after more than one year** 

|Loans (see note 14)||**Unrestricted Funds**<br>**Legacy East**<br>**Restricted Funds**<br>**Total**<br>**Almshouse Partnership**<br>**Linked Charities**<br>**Combined**<br>**2023**<br>**2022**<br>**2023**<br>**2022**<br>**2023**<br>**2022**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**-**<br>-<br>**93,279**<br>106,720<br>**93,279**<br>106,720|**Total**<br>**Combined**|
|---|---|---|---|



## **14. LOANS** 

During the year ended 31 March 2015 the Hoddesdon Cottage Homes for the Aged Poor current account balance owed to Genesis Housing Association Ltd of £84,750 was converted to an interest free loan which is repayable over fifteen years commencing on 1 April 2016. 

During the year ended 31 March 2015 Genesis Housing Association Ltd made a loan of £73,232 to Nethaniah Home so that substantial improvements to the housing properties could be carried out.  A further loan for £10,000 was advanced during the year ended 31 December 2016.  The loan is interest free loan and is repayable over fifteen years commencing on 1 April 2016. 

During the year ended 31 December 2007 Sprowston War Memorial Trust borrowed £45,000 from the Charity Bank Ltd. The loan is subject to interest at a fixed rate of 6.5% per annum and is repayable over 25 years.   The loan is secured on the housing properties at 104 and 106 North Walsham Road, Norwich. 

The loans are repayable in monthly instalments as follows: 

|In one year or less<br>Between one and two years<br>Between two and five years<br>In five years or more|**Restricted Funds**<br>**Linked Charities**<br>**2023**<br>**2022**<br>**£**<br>**£**<br>**£**<br>**£**<br>**13,203**<br>13,066<br>**13,334**<br>13,188<br>**40,870**<br>40,374<br>**39,075**<br>53,158<br>**93,279**<br>106,720<br>**106,482**<br>119,786|**Restricted Funds**<br>**Linked Charities**<br>**2023**<br>**2022**<br>**£**<br>**£**<br>**£**<br>**£**<br>**13,203**<br>13,066<br>**13,334**<br>13,188<br>**40,870**<br>40,374<br>**39,075**<br>53,158<br>**93,279**<br>106,720<br>**106,482**<br>119,786|**Restricted Funds**<br>**Linked Charities**|**Restricted Funds**<br>**Linked Charities**|
|---|---|---|---|---|
||||**£**<br>**13,203**<br>**93,279**|**2022**|
|||||**£**<br>**£**|
||||||
|||||13,066|
|||||13,188|
|||||40,374|
|||||53,158|
|||||106,720|
|||**106,482**||119,786|



## **15. ANALYSIS OF NET ASSETS BETWEEN FUNDS** 

|**NALYSIS OF NET ASSETS BETWEEN FUNDS**||||||
|---|---|---|---|---|---|
|||||**Net Current**||
|||**Fixed**|**Assets**|**Assets Less**||
||**Freehold**|||**Long Term**||
||**Property**||**Investments**|**Loans**|**Total**|
||**£**||**£**|**£**|**£**|
|**Legacy East Almshouse Partnership**||||||
|Unrestricted Funds – General Fund||**-**|**-**|**128,990**|**128,990**|
|**Linked Charities**||||||
|Endowment Funds:||||||
|Permanent Endowment Funds||**-**|**37,069**|**-**|**37,069**|
|Housing Property Reserves|**2,764,738**||**-**|**(25,290)**|**2,739,448**|
|Housing Property Revaluation Reserves|**4,986,260**||**-**|**-**|**4,986,260**|
|Restricted Funds:||||||
|Social Housing Grant Funds|**369,350**||**-**|**-**|**369,350**|
|Unrestricted Funds:||||||
|Cyclical Maintenance Funds||**-**|**96,563**|**164,834**|**261,397**|
|Extraordinary Repair Funds||**-**|**234,044**|**64,162**|**298,206**|
|General Funds||**-**|**802,816**|**204,169**|**1,006,985**|
||**8,120,348**||**1,170,492**|**407,875**|**9,698,715**|
|||||||
||**8,120,348**||**1,170,492**|**536,865**|**9,827,705**|





**19** 

**LEGACY EAST ALMSHOUSE PARTNERSHIP** 

## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023** 

## **16. FINANCIAL COMMITMENTS** 

|**Authorised and Contracted For:**<br>Ernest Elijah Everitt Trust<br>Refurnishment of bungalow one||**Unrestricted Funds**<br>**Legacy East**<br>**Restricted Funds**<br>**Total**<br>**Almshouse Partnership**<br>**Linked Charities**<br>**Combined**<br>**2023**<br>**2022**<br>**2023**<br>**2022**<br>**2023**<br>**2022**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>-<br>-<br>**-**<br>7,580<br>**-**<br>7,580|**Total**<br>**Combined**|
|---|---|---|---|



## **17. NON-ADJUSTING POST BALANCE SHEET EVENTS** 

With effect from the 1 January 2024 the charities of Sir William Petre's Almshouses and Chapel (charity registration number 242954) and Chelmsford United Charities (charity registration number 207552) were linked to Legacy East Almshouse Partnership. 



## **LEGACY EAST ALMSHOUSE PARTNERSHIP** 

## **LINKED CHARITIES – SUMMARY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023** 

|**Year Ended 31 December 2023**<br>Brightlingsea Santiago Almshouse Charity<br>Chelmsford Almshouse Charity<br>Dr West Memorial Home<br>Hoddesdon Home for the Aged Poor<br>Miss Rutland’s Almshouses<br>Nethaniah Home<br>Loughton Almshouse Charity<br>Sprowston War Memorial Trust<br>John Gilders and Maskell Almshouse Charity<br>Springfield Green Almshouses<br>Writtle Almshouses<br>Ernest Elijah Everitt Trust<br>Mary Dains Cottages<br>Copland Almshouse Charity<br>**Year Ended 31 December 2022**<br>Brightlingsea Santiago Almshouse Charity<br>Chelmsford Almshouse Charity<br>Dr West Memorial Home<br>Hoddesdon Home for the Aged Poor<br>Miss Rutland’s Almshouses<br>Nethaniah Home<br>Loughton Almshouse Charity<br>Sprowston War Memorial Trust<br>John Gilders and Maskell Almshouse Charity<br>Springfield Green Almshouses<br>Writtle Almshouses<br>Ernest Elijah Everitt Trust<br>Mary Dains Cottages<br>Copland Almshouse Charity|<br>|**Restricted**<br>**Fund**<br>**Balances**<br>**Brought**<br>**Forward**<br>**£**<br>**1,146,150**<br> <br>**971,883**<br>**159,481**<br> <br>**432,313**<br>**668,466**<br> <br>**589,744**<br> <br>**599,701**<br> <br>**203,799**<br> <br>**647,476**<br> <br>**384,262**<br> <br>**428,635**<br> <br>**740,710**<br> <br>**1,192,303**<br> <br>**563,856**<br>|**Copland**<br>**Fund**<br>**Balances**<br>**Brought**<br>**Forward**<br>**£**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>|**Almshouse**<br>**Income**<br>**£**<br>**51,835**<br>**41,969**<br>**8,482**<br>**28,839**<br>**29,037**<br>**20,350**<br>**29,416**<br>**11,462**<br>**24,675**<br>**14,734**<br>**17,146**<br>**22,312**<br>**40,770**<br>**26,556**<br>|**Almshouse**<br>**Income**<br>**£**<br>**51,835**<br>**41,969**<br>**8,482**<br>**28,839**<br>**29,037**<br>**20,350**<br>**29,416**<br>**11,462**<br>**24,675**<br>**14,734**<br>**17,146**<br>**22,312**<br>**40,770**<br>**26,556**<br>|**Investment**<br>**Income**<br>**£**<br>**3,441**<br>**1,002**<br>**304**<br>**93**<br>**1,331**<br>**19**<br>**1,750**<br>**19**<br>**630**<br>**1,412**<br>**1,669**<br>**3,928**<br>**540**<br>**1,341**|**Investment**<br>**Income**<br>**£**<br>**3,441**<br>**1,002**<br>**304**<br>**93**<br>**1,331**<br>**19**<br>**1,750**<br>**19**<br>**630**<br>**1,412**<br>**1,669**<br>**3,928**<br>**540**<br>**1,341**|**Almshouse**<br>**Costs**<br>**£**<br>**(23,261)**<br>**(23,382)**<br>**(2,937)**<br>**(8,132)**<br>**(7,556)**<br>**(8,783)**<br>**(8,515)**<br>**(11,087)**<br>**(8,789)**<br>**(6,775)**<br>**(12,977)**<br>**(13,591)**<br>**(36,111)**<br> **(15,385)**|<br>**Gains/Losses**<br>**on**<br>**Investments**<br>**£**<br>**3,828**<br>**12,183**<br>**4,252**<br>**2,122**<br>**7,499**<br>**1,578**<br>**2,432**<br>**1,620**<br>**13,179**<br>**3,265**<br>**623**<br>**6,407**<br>**9,731**<br>**1,008**|**Gains/Losses**<br><br>**on**<br>**Revaluation**<br>**Of Housing**<br>**Properties**<br>**£**<br>**47,516**<br>**35,637**<br> <br>**14,613**<br>**78,886**<br>**92,825**<br>**108,661**<br>**24,521**<br>**36,492**<br>**89,665**<br>**58,396**<br>**17,819**<br>**26,739**<br>**46,900**<br>**23,758**<br>|**Restricted**<br>**Fund**<br>**Balances**<br>**Carried**<br>**Forward**<br>**£**<br>**1,229,509**<br>**1,039,292**<br>**184,195**<br>**534,121**<br>**791,602**<br>**711,569**<br>**649,305**<br>**242,305**<br>**766,836**<br>**455,294**<br>**452,915**<br>**786,505**<br>**1,254,133**<br>**601,134**|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||
|||**8,728,779**<br>|**-**||**367,583**||**17,479**|**(187,281)**|**69,727**|**702,428**|**9,698,715**|
|||||||||||||
|||950,660<br>|-||52,137||909|(17,584)|(81)|160,109|1,146,150|
|||833,653|-||37,017||183|(20,592)|1,539|120,083<br>|971,883|
|||146,640<br>|-||7,995||64|(2,629)|533|6,878|159,481|
|||375,993|-||27,163||-|(8,034)|62|37,129|432,313|
|||620,459<br>|-||27,314||314|(24,230)|921|43,688|668,466|
|||535,183<br>|-||20,659||-|(17,436)|197|51,141|589,744|
|||511,158<br>|-||27,779||456|(12,643)|124|72,827|599,701|
|||181,570<br>|-||11,105||-|(6,154)|102|17,176|203,799|
|||598,818<br>|-||23,213||126|(8,936)|(7,946)|42,201|647,476|
|||349,713<br>|-||13,912||601|(6,277)|(1,171)|27,484|384,262|
|||362,476<br>|-||15,369||424|(9,752)|77|60,041|428,635|
|||654,404<br>|-||16,629||1,049|(22,277)|809|90,096|740,710|
|||1,019,917<br>|-||38,343||62|(25,675)|1,229|158,427|1,192,303|
|||-<br>|465,247<br>||27,223<br>||304<br>|(9,093)|120<br>|80,055<br>|563,856|
|||7,140,644<br>|465,247||345,858||4,492|(191,312)|(3,485)|967,335|8,728,779|





## **LEGACY EAST ALMSHOUSE PARTNERSHIP** 

## **LINKED CHARITIES – BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2023** 

|**Year Ended 31 December 2023**<br>Brightlingsea Santiago Almshouse Charity<br>Chelmsford Almshouse Charity<br>Dr West Memorial Home<br>Hoddesdon Home for the Aged Poor<br>Miss Rutland’s Almshouses<br>Nethaniah Home<br>Loughton Almshouse Charity<br>Sprowston War Memorial Trust<br>John Gilders and Maskell Almshouse Charity<br>Springfield Green Almshouses<br>Writtle Almshouses<br>Ernest Elijah Everitt Trust<br>Mary Dains Cottages<br>Copland Almshouse Charity<br>**Year Ended 31 December 2022**<br>Brightlingsea Santiago Almshouse Charity<br>Chelmsford Almshouse Charity<br>Dr West Memorial Home<br>Hoddesdon Home for the Aged Poor<br>Miss Rutland’s Almshouses<br>Nethaniah Home<br>Loughton Almshouse Charity<br>Sprowston War Memorial Trust<br>John Gilders and Maskell Almshouse Charity<br>Springfield Green Almshouses<br>Writtle Almshouses<br>Ernest Elijah Everitt Trust<br>Mary Dains Cottages<br>Copland Almshouse Charity||**Fixed Assets**<br>**Tangible**<br>**Assets**<br>**Housing**<br>**Properties**<br>**£**<br>**1,060,631**<br>**795,474**<br>**95,839**<br>**517,387**<br>**608,805**<br>**712,662**<br>**547,348**<br>**239,336**<br>**588,083**<br>**382,995**<br>**397,737**<br>**596,835**<br>**1,046,900**<br>**530,316**|**Fixed Assets**<br>**Tangible**<br>**Assets**<br>**Housing**<br>**Properties**<br>**£**<br>**1,060,631**<br>**795,474**<br>**95,839**<br>**517,387**<br>**608,805**<br>**712,662**<br>**547,348**<br>**239,336**<br>**588,083**<br>**382,995**<br>**397,737**<br>**596,835**<br>**1,046,900**<br>**530,316**|**Investments**<br>**£**<br>**79,628**<br>**208,425**<br>**76,747**<br>**42,064**<br>**135,029**<br>**29,660**<br>**49,553**<br>**30,373**<br>**153,692**<br>**50,545**<br>**12,422**<br>**109,604**<br>**166,481**<br>**26,269**|**Debtors**<br>**and**<br> <br>**Prepayments**<br>**£**<br>**14,469**<br>**15,992**<br>**4,910**<br>**12,831**<br>**12,789**<br>**10,021**<br>**14,619**<br>**364**<br>**5,443**<br>**459**<br>**7,534**<br>**2,345**<br>**14,607**<br>**13,649**<br>|**Cash at**<br>**Bank and**<br>**in Hand**<br>**£**<br>**78,508**<br>**26,545**<br>**7,899**<br>**5,072**<br>**37,743**<br>**1,015**<br>**39,921**<br>**1,014**<br>**21,427**<br>**24,661**<br>**38,072**<br>**89,619**<br>**34,618**<br>**33,008**|**Creditors:**<br>**Amounts**<br>**due within**<br>**One Year**<br>**£**<br>**(3,727)**<br>**(7,144)**<br>**(1,200)**<br>**(7,920)**<br>**(2,764)**<br>**(7,109)**<br>**(2,136)**<br>**(5,496)**<br>**(1,809)**<br>**(3,366)**<br>**(2,850)**<br>**(11,898)**<br>**(8,473)**<br>**(2,108)**|**Creditors:**<br>**Amount due**<br>**in more than**<br>**One Year**<br>**£**<br>**-**<br>**-**<br>**-**<br>**(35,313)**<br>**-**<br>**(34,680)**<br>**-**<br>**(23,286)**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>|**Creditors:**<br>**Amount due**<br>**in more than**<br>**One Year**<br>**£**<br>**-**<br>**-**<br>**-**<br>**(35,313)**<br>**-**<br>**(34,680)**<br>**-**<br>**(23,286)**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>|**Net Assets**<br>**£**<br>**1,229,509**<br>**1,039,292**<br>**184,195**<br>**534,121**<br>**791,602**<br>**711,569**<br>**649,305**<br>**242,305**<br>**766,836**<br>**455,294**<br>**452,915**<br>**786,505**<br>**1,254,133**<br>**601,134**|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||
|||||||||<br>|||
||||**8,120,348**<br>|**1,170,492**|**130,032**|**439,122**|**(68,000)**||**(93,279)**|**9,698,715**|
||||||||||||
||||1,013,115|40,800|20,039|75,212|(3,016)||-|1,146,150|
||||759,837|196,242|1,865|20,604|(6,665)||-|971,883|
||||81,226|67,995|5,839|5,615|(1,194)||-|159,481|
||||438,501|33,442|9,071|-|(7,738)||(40,963)|432,313|
||||515,980|117,530|11,937|26,507|(3,488)||-|668,466|
||||604,001|25,082|7,879|-|(6,989)||(40,229)|589,744|
||||522,827|28,621|11,748|38,245|(1,740)||-|599,701|
||||202,844|25,753|4,451|-|(3,721)||(25,528)|203,799|
||||498,418|125,513|14,736|10,875|(2,066)||-|647,476|
||||324,599|47,280|318|23,626|(11,561)||-|384,262|
||||379,918|9,799|4,741|36,474|(2,297)||-|428,635|
||||570,096|103,197|1,300|85,856|(19,739)||-|740,710|
||||1,000,000|156,750|39,946|4,216|(8,609)||-|1,192,303|
||||506,558|15,261|16,949<br>|26,740|(1,652)||-|563,856|
||||7,417,920|993,265|150,819|353,970|(80,475)||(106,720)|8,728,779|





**22** 

**BRIGHTLINGSEA SANTIAGO ALMSHOUSE** 

## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023** 

|**INCOME AND ENDOWMENTS**<br>**CHARITABLE ACTIVITIES**<br>Contributions Due<br>Losses from Voids<br>**INVESTMENT INCOME**<br>M&G Multi Charity Income Share Dividends<br>COIF Income Share Dividends<br>COIF Deposit Account Interest Receivable<br>**TOTAL INCOME**<br>**EXPENDITURE**<br>**CHARITABLE ACTIVITIES**<br>Almshouse Costs<br>Vacant Property Costs<br>Water Charges<br>Light and Heat<br>Insurance<br>Repairs and Renewals<br>Extraordinary Repairs<br>Cyclical Repairs<br>Gardening<br>Cleaning<br>Bad Debts<br>Sundry Expenses<br>Housing Loan Interest<br>Support Costs – Governance<br>Administration Fees<br>Auditor’s Remuneration<br>Trustees’ Expenses<br>Legal and Professional Fees<br>Almshouse Association Subscription<br>**TOTAL EXPENDITURE**<br>**NET INCOME/(EXPENDITURE) BEFORE GAINS AND LOSSES**<br>**NET INVESTMENT GAINS/(LOSSES)**<br>**NET INCOME/(EXPENDITURE)**<br>**OTHER RECOGNISED GAINS/(LOSSES)**<br>Gain/(Loss) on Revaluation of Housing Properties<br>**NET MOVEMENT IN FUNDS**<br>**RECONCILIATION OF FUNDS**<br>Total Funds Brought Forward<br>Total Funds Carried Forward|**2023**<br>**£**<br>**£**<br>**53,344**<br>**(1,509)**<br>**51,835**<br>**-**<br>**-**<br>**3,441**<br>**3,441**<br>**55,276**<br>**70**<br>**-**<br>**-**<br>**1,042**<br>**5,479**<br>**3,000**<br>**2,294**<br>**1,470**<br>**1,166**<br>**(100)**<br>**-**<br>**-**|**2023**<br>**£**<br>**£**<br>**53,344**<br>**(1,509)**<br>**51,835**<br>**-**<br>**-**<br>**3,441**<br>**3,441**<br>**55,276**<br>**70**<br>**-**<br>**-**<br>**1,042**<br>**5,479**<br>**3,000**<br>**2,294**<br>**1,470**<br>**1,166**<br>**(100)**<br>**-**<br>**-**|**2022**|**2022**|**2022**|
|---|---|---|---|---|---|
||||**£**<br>**£**|||
|||||||
|||||||
|||||||
||||52,137|||
||||-|||
||||52,137|||
|||||||
|||||||
||||-|||
||||-|||
||||909|||
||||909|||
|||||||
|||||53,046||
|||||||
|||||||
|||||||
|||||||
|||||||
||||-|||
||||-|||
||||-|||
||||1,133|||
||||3,463|||
||||2,080|||
||||-|||
||||1,270|||
||||1,272|||
||||-|||
||||58|||
||||-|||
||**6,800**<br>**2,040**<br>**-**<br>**-**<br>**-**|**14,421**<br>**8,840**<br>**23,261**<br>**32,015**<br>**3,828**<br>**35,843**<br>**47,516**<br>**83,359**<br>**1,146,150**<br>**1,229,509**|9,276|||
|||||||
||||6,400|||
||||1,908|||
||||-|||
||||-|||
||||-|||
||||8,308|||
|||||17,584||
|||||||
|||||35,462||
|||||||
||||(81)|||
|||||||
|||||35,381||
|||||||
|||||||
||||160,109|||
|||||||
||||195,490|||
|||||||
|||||||
||||950,660|||
||||||1,146,150|



This page does not form part of the statutory financial statements 



**23** 

**BRIGHTLINGSEA SANTIAGO ALMSHOUSE** 

**DETAILED BALANCE SHEET** 

## **AS AT 31 DECEMBER 2023** 

|**FIXED ASSETS**<br>Tangible Fixed Assets – Housing Properties<br>Net Book Value at Beginning of the year<br>Additions at cost<br>Depreciation Charge for the year<br>Gain/(Loss) on Revaluation<br>Net Book Value at end of the year<br>Listed Investments<br>Market Value at Beginning of the year<br>Additions at cost<br>Disposal Proceeds<br>Gain/(Loss) on Revaluation<br>Market Value at end of the year<br>**CURRENT ASSETS**<br>Debtors and Prepayments<br>Contributions in Arrears<br>Other Debtors<br>Legacy East Almshouse Partnership<br>Prepayments and Accrued Income<br>Cash at Bank and in Hand<br>Barclays Current Account<br>COIF Deposit Account<br>**CREDITORS**: Amounts falling due with one year<br>Loans<br>Contributions in Received in Advance<br>Other Creditors<br>Legacy East Almshouse Partnership<br>Accruals and Deferred Income<br>**NET CURRENT ASSETS/(LIABILITIES)**<br>**TOTAL ASSETS LESS CURRENT LIABILITIES**<br>**CREDITORS**: Amounts falling due after more than one year<br>Loans<br>**NET ASSETS**<br>**CAPITAL AND RESERVES**<br>Endowment Funds:<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds:<br>Social Housing Grant Fund<br>Unrestricted Funds:<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund|**2023**<br>**£**<br>**£**<br>**1,013,115**<br>**-**<br>**-**<br>**47,516**<br>**1,060,631**<br>**40,800**<br>**35,000**<br>**-**<br>**3,828**<br>**79,628**<br>**1,140,259**<br>**2,320**<br>**-**<br>**10,749**<br>**1,400**<br>**14,469**<br>**-**<br>**78,508**<br>**78,508**<br>**92,977**<br>**-**<br>**(1,687)**<br>**-**<br>**-**<br>**(2,040)**<br>**(3,727)**<br>**89,250**<br>**1,229,509**<br>**-**<br>**1,229,509**<br>**-**<br>**292,988**<br>**632,643**<br>**925,631**<br>**135,000**<br>**28,792**<br>**30,955**<br>**109,131**<br>**168,878**<br>**1,229,509**|**2022**|**2022**|
|---|---|---|---|
|||**£**<br>**£**||
|||||
|||||
|||853,006||
|||-||
|||-||
|||160,109||
|||1,013,115||
|||||
|||||
|||20,881||
|||20,000||
|||-||
|||(81)||
|||40,800||
||||1,053,915|
|||||
|||||
|||1,766||
|||-||
|||17,059||
|||1,214||
|||20,039||
|||||
|||-||
|||75,212||
|||75,212||
||||95,251|
|||||
|||-||
|||(1,108)||
|||-||
|||-||
|||(1,908)||
|||(3,016)||
|||||
||||92,235|
|||||
|||1,146,150||
|||||
|||||
|||-||
|||||
||||1,146,150|
|||||
|||||
|||||
|||-||
|||292,988||
|||585,127||
|||878,115||
|||||
|||135,000||
|||||
|||25,486||
|||24,505||
|||83,044||
|||133,035||
||||1,146,150|



This page does not form part of the statutory financial statements 



## **BRIGHTLINGSEA SANTIAGO ALMSHOUSE** 

## **RECONCILIATION OF MOVEMENT IN FUNDS FOR THE YEAR ENDED 31 DECEMBER 2023** 

|**Year Ended 31 December 2023**<br>Endowment Funds<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds<br>Social Housing Grant Fund<br>Unrestricted Funds<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund<br>Total Funds<br>**Year Ended 31 December 2022**<br>Endowment Funds<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds<br>Social Housing Grant Fund<br>Unrestricted Funds<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund<br>Total Funds||**Balances**<br>**Brought**<br>**Forward**<br>**£**<br>**-**<br>**292,988**<br>**585,127**|**Income**<br>**£**<br>**-**<br>**-**<br>**-**|**Expenditure**<br>**£**<br>**-**<br>**-**<br>**-**|**Gains/Losses**<br>**on**<br>**Investments**<br>**£**<br>**-**<br>**-**<br>**-**|<br>**Transfer**<br>**Between**<br>**Funds**<br>**£**<br>**-**<br>**-**<br>**-**|<br>**Transfer**<br>**Between**<br>**Funds**<br>**£**<br>**-**<br>**-**<br>**-**|**Gains/Losses**<br>**on**<br>**Revaluation**<br>**Of Housing**<br>**Properties**<br>**£**<br>**-**<br>**-**<br>**47,516**|**Balances**<br>**Carried**<br>**Forward**<br>**£**<br>**-**<br>**292,988**<br>**632,643**|
|---|---|---|---|---|---|---|---|---|---|
|||||||||||
|||**878,115**|**-**|**-**|**-**||**-**|**47,516**|**925,631**|
|||**135,000**|**-**|**-**|**-**||**-**|**-**|**135,000**|
|||**25,486**<br>**24,505**<br>**83,044**|**-**<br>**-**<br>**55,276**|**(2,294)**<br>**-**<br>**(20,967)**|**-**<br>**1,698**<br>**2,130**||**5,600**<br>**4,752**<br>**(10,352)**|**-**<br>**-**<br>**-**|**28,792**<br>**30,955**<br>**109,131**|
|||**133,035**|**55,276**|**(23,261)**|**3,828**||**-**|**-**|**168,878**|
|||||||||||
|||**1,146,150**|**55,276**|**(23,261)**|**3,828**||**-**|**47,516**|**1,229,509**|
|||||||||||
|||||||||||
|||-|-|-|-||-|-|-|
|||292,988|-|-|-||-|-|292,988|
|||425,018|-|-|-||-|160,109|585,127|
|||718,006|-|-|-||-|160,109|878,115|
|||||||||||
|||135,000|-|-|-||-|-|135,000|
|||||||||||
|||||||||||
|||18,302|-|-|-||7,184|-|25,486|
|||20,009|-|-|104||4,392|-|24,505|
|||59,343|53,046|(17,584)|(185)||(11,576)|-|83,044|
|||97,654|53,046|(17,584)|(81)||-|-|133,035|
|||||||||||
|||950,660|53,046|(17,584)|(81)||-|160,109|1,146,150|



This page does not form part of the statutory financial statements 



**25** 

**BRIGHTLINGSEA SANTIAGO ALMSHOUSE** 

## **ANALYSIS OF NET ASSETS BETWEEN FUNDS** 

## **AS AT 31 DECEMBER 2023** 

|Endowment Funds:<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds:<br>Social Housing Grant Fund<br>Unrestricted Funds:<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund|**Fixed Assets**<br>**Freehold**<br>**Property**<br>**Investments**<br>**£**<br>**£**<br>**-**<br>**-**<br>**292,988**<br>**-**<br>**632,643**<br>**-**<br>**135,000**<br>**-**<br>**-**<br>**-**<br>**-**<br>**30,955**<br>**-**<br>**48,673**<br>**1,060,631**<br>**79,628**||**Net Current**<br>**Assets Less**<br>**Long Term**<br>**Loans**<br>**£**<br>**-**<br>**-**<br>**-**<br>**-**<br>**28,792**<br>**-**<br>**60,458**<br>**89,250**|**Total**<br>**£**<br>**-**<br>**292,988**<br>**632,643**<br>**135,000**<br>**28,792**<br>**30,955**<br>**109,131**<br>**1,229,509**|
|---|---|---|---|---|



## **Housing Property Reserve** 

The Housing Property Reserve is permanent endowment of the Charity and is represented by the net equity in the housing properties. 

## **Housing Properties Revaluation Reserve** 

This fund is part of the permanent endowment of the Charity and represents the surplus on revaluation of the housing properties. 

## **Social Housing Grant Fund** 

The Social Housing Grant Fund is a restricted fund and represents the grant received of £135,000 in connection with the housing property improvements. 

## **Cyclical Maintenance Fund** 

The Cyclical Maintenance Fund is unrestricted but designated by the Trustees for future cyclical repairs as they arise.   A transfer is made from the General Fund each year being a specific amount as agreed by the Trustees. 

## **Extraordinary Repair Fund** 

The Extraordinary Repair Fund is unrestricted but designated by the Trustees for future major repairs, improvements and rebuilding of the housing properties.  A transfer is made from the General Fund each year being a specific amount as agreed by the Trustees.  The fund is required by the Scheme to be specifically invested with income from these investments added to the Fund. 

## **General Fund** 

The Fund represents accumulated surpluses of the Charity and is available for the general purposes of the Charity. 

This page does not form part of the statutory financial statements 



**26** 

**CHELMSFORD ALMSHOUSE CHARITY** 

## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023** 

|**INCOME AND ENDOWMENTS**<br>**CHARITABLE ACTIVITIES**<br>Contributions Due<br>Losses from Voids<br>**INVESTMENT INCOME**<br>M&G Multi Charity Income Share Dividends<br>COIF Income Share Dividends<br>COIF Deposit Account Interest Receivable<br>**TOTAL INCOME**<br>**EXPENDITURE**<br>**CHARITABLE ACTIVITIES**<br>Almshouse Costs<br>Vacant Property Costs<br>Water Charges<br>Light and Heat<br>Insurance<br>Repairs and Renewals<br>Extraordinary Repairs<br>Cyclical Repairs<br>Gardening<br>Cleaning<br>Bad Debts<br>Sundry Expenses<br>Housing Loan Interest<br>Support Costs – Governance<br>Administration Fees<br>Auditor’s Remuneration<br>Trustees’ Expenses<br>Legal and Professional Fees<br>Almshouse Association Subscription<br>**TOTAL EXPENDITURE**<br>**NET INCOME/(EXPENDITURE) BEFORE GAINS AND LOSSES**<br>**NET INVESTMENT GAINS/(LOSSES)**<br>**NET INCOME/(EXPENDITURE)**<br>**OTHER RECOGNISED GAINS/(LOSSES)**<br>Gain/(Loss) on Revaluation of Housing Properties<br>**NET MOVEMENT IN FUNDS**<br>**RECONCILIATION OF FUNDS**<br>Total Funds Brought Forward<br>Total Funds Carried Forward|**2023**<br>**£**<br>**£**<br>**41,969**<br>**-**<br>**41,969**<br>**-**<br>**-**<br>**1,002**<br>**1,002**<br>**42,971**<br>**-**<br>**127**<br>**6,087**<br>**954**<br>**2,776**<br>**5,218**<br>**-**<br>**1,320**<br>**-**<br>**-**<br>**-**<br>**-**|**2023**<br>**£**<br>**£**<br>**41,969**<br>**-**<br>**41,969**<br>**-**<br>**-**<br>**1,002**<br>**1,002**<br>**42,971**<br>**-**<br>**127**<br>**6,087**<br>**954**<br>**2,776**<br>**5,218**<br>**-**<br>**1,320**<br>**-**<br>**-**<br>**-**<br>**-**|**2022**|**2022**|**2022**|
|---|---|---|---|---|---|
||||**£**<br>**£**|||
|||||||
|||||||
|||||||
||||38,745|||
||||(1,728)|||
||||37,017|||
|||||||
|||||||
||||-|||
||||-|||
||||183|||
||||183|||
|||||||
|||||37,200||
|||||||
|||||||
|||||||
|||||||
|||||||
||||-|||
||||289|||
||||5,709|||
||||866|||
||||1,906|||
||||402|||
||||3,541|||
||||1,405|||
||||-|||
||||-|||
||||-|||
||||-|||
||**5,100**<br>**1,800**<br>**-**<br>**-**<br>**-**|**16,482**<br>**6,900**<br>**23,382**<br>**19,589**<br>**12,183**<br>**31,772**<br>**35,637**<br>**67,409**<br>**971,883**<br>**1,039,292**|14,118|||
|||||||
||||4,800|||
||||1,674|||
||||-|||
||||-|||
||||-|||
||||6,474|||
|||||20,592||
|||||||
|||||16,608||
|||||||
||||1,539|||
|||||||
|||||18,147||
|||||||
|||||||
||||120,083|||
|||||||
||||138,230|||
|||||||
|||||||
||||833,653|||
||||||971,883|



This page does not form part of the statutory financial statements 



**27** 

**CHELMSFORD ALMSHOUSE CHARITY** 

**DETAILED BALANCE SHEET** 

## **AS AT 31 DECEMBER 2023** 

|**FIXED ASSETS**<br>Tangible Fixed Assets – Housing Properties<br>Net Book Value at Beginning of the year<br>Additions at cost<br>Depreciation Charge for the year<br>Gain/(Loss) on Revaluation<br>Net Book Value at end of the year<br>Listed Investments<br>Market Value at Beginning of the year<br>Additions at cost<br>Disposal Proceeds<br>Gain/(Loss) on Revaluation<br>Market Value at end of the year<br>**CURRENT ASSETS**<br>Debtors and Prepayments<br>Contributions in Arrears<br>Other Debtors<br>Legacy East Almshouse Partnership<br>Prepayments and Accrued Income<br>Cash at Bank and in Hand<br>Barclays Current Account<br>COIF Deposit Account<br>**CREDITORS**: Amounts falling due with one year<br>Loans<br>Contributions in Received in Advance<br>Other Creditors<br>Legacy East Almshouse Partnership<br>Accruals and Deferred Income<br>**NET CURRENT ASSETS/(LIABILITIES)**<br>**TOTAL ASSETS LESS CURRENT LIABILITIES**<br>**CREDITORS**: Amounts falling due after more than one year<br>Loans<br>**NET ASSETS**<br>**CAPITAL AND RESERVES**<br>Endowment Funds:<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds:<br>Social Housing Grant Fund<br>Unrestricted Funds:<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund|**2023**<br>**£**<br>**£**<br>**759,837**<br>**-**<br>**-**<br>**35,637**<br>**795,474**<br>**196,242**<br>**-**<br>**-**<br>**12,183**<br>**208,425**<br>**1,003,899**<br>**801**<br>**-**<br>**14,089**<br>**1,102**<br>**15,992**<br>**-**<br>**26,545**<br>**26,545**<br>**42,537**<br>**-**<br>**(158)**<br>**(3,798)**<br>**-**<br>**(3,188)**<br>**(7,144)**<br>**35,393**<br>**1,039,292**<br>**-**<br>**1,039,292**<br>**19,268**<br>**21,241**<br>**774,233**<br>**814,742**<br>**-**<br>**17,568**<br>**30,124**<br>**176,858**<br>**224,550**<br>**1,039,292**|**2022**|**2022**|
|---|---|---|---|
|||**£**<br>**£**||
|||||
|||||
|||639,754||
|||-||
|||-||
|||120,083||
|||759,837||
|||||
|||||
|||194,703||
|||-||
|||-||
|||1,539||
|||196,242||
||||956,079|
|||||
|||||
|||877||
|||-||
|||-||
|||988||
|||1,865||
|||||
|||-||
|||20,604||
|||20,604||
||||22,469|
|||||
|||-||
|||(143)||
|||(4,336)||
|||(195)||
|||(1,991)||
|||(6,665)||
|||||
||||15,804|
|||||
|||971,883||
|||||
|||||
|||-||
|||||
||||971,883|
|||||
|||||
|||||
|||18,142||
|||21,241||
|||738,596||
|||777,979||
|||||
|||-||
|||||
|||13,368||
|||25,200||
|||155,336||
|||193,904||
||||971,883|



This page does not form part of the statutory financial statements 



## **CHELMSFORD ALMSHOUSE CHARITY** 

## **RECONCILIATION OF MOVEMENT IN FUNDS FOR THE YEAR ENDED 31 DECEMBER 2023** 

|**Year Ended 31 December 2023**<br>Endowment Funds<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds<br>Social Housing Grant Fund<br>Unrestricted Funds<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund<br>Total Funds<br>**Year Ended 31 December 2022**<br>Endowment Funds<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds<br>Social Housing Grant Fund<br>Unrestricted Funds<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund<br>Total Funds||**Balances**<br>**Brought**<br>**Forward**<br>**£**<br>**18,142**<br>**21,241**<br>**738,596**|**Income**<br>**£**<br>**-**<br>**-**<br>**-**|**Expenditure**<br>**£**<br>**-**<br>**-**<br>**-**|**Gains/Losses**<br>**on**<br>**Investments**<br>**£**<br>**1,126**<br>**-**<br>**-**|<br>**Transfer**<br>**Between**<br>**Funds**<br>**£**<br>**-**<br>**-**<br>**-**|<br>**Transfer**<br>**Between**<br>**Funds**<br>**£**<br>**-**<br>**-**<br>**-**|**Gains/Losses**<br>**on**<br>**Revaluation**<br>**Of Housing**<br>**Properties**<br>**£**<br>**-**<br>**-**<br>**35,637**|**Balances**<br>**Carried**<br>**Forward**<br>**£**<br>**19,268**<br>**21,241**<br>**774,233**|
|---|---|---|---|---|---|---|---|---|---|
|||||||||||
|||**777,979**|**-**|**-**|**1,126**||**-**|**35,637**|**814,742**|
|||**-**|**-**|**-**|**-**||**-**|**-**|**-**|
|||**13,368**<br>**25,200**<br>**155,336**|**-**<br>**-**<br>**42,971**<br>|**-**<br>**-**<br> **(23,382)**|**-**<br>**1,360**<br>**9,697**||**4,200**<br>**3,564**<br>**(7,764)**|**-**<br>**-**<br>**-**|**17,568**<br>**30,124**<br>**176,858**|
|||**193,904**|**42,971**|**(23,382)**|**11,057**||**-**|**-**|**224,550**|
|||||||||||
|||**971,883**|**42,971**|**(23,382)**|**12,183**||**-**|**35,637**|**1,039,292**|
|||||||||||
|||||||||||
|||18,000|-|-|142||-|-|18,142|
|||21,241|-|-|-||-|-|21,241|
|||618,513|-|-|-||-|120,083|738,596|
|||657,754|-|-|142||-|120,083|777,979|
|||||||||||
|||-|-|-|-||-|-|-|
|||||||||||
|||||||||||
|||11,521|-|(3,541)|-||5,388|-|13,368|
|||21,734|-|-|172||3,294|-|25,200|
|||142,644|37,200|(17,051)|1,225||(8,682)|-|155,336|
|||175,899|37,200|(20,592)|1,397||-|-|193,904|
|||||||||||
|||833,653|37,200|(20,592)|1,539||-|120,083|971,883|



This page does not form part of the statutory financial statements 



**29** 

**CHELMSFORD ALMSHOUSE CHARITY** 

## **ANALYSIS OF NET ASSETS BETWEEN FUNDS** 

## **AS AT 31 DECEMBER 2023** 

|Endowment Funds:<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds:<br>Social Housing Grant Fund<br>Unrestricted Funds:<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund||**Fixed Assets**<br>**Freehold**<br>**Property**<br>**Investments**<br>**£**<br>**£**<br>**-**<br>**19,268**<br>**21,241**<br>**-**<br>**774,233**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**23,266**<br>**-**<br>**165,891**<br>**795,474**<br>**208,425**||**Net Current**<br>**Assets Less**<br>**Long Term**<br>**Loans**<br>**£**<br>**-**<br>**-**<br>**-**<br>**-**<br>**17,568**<br>**6,858**<br>**10,967**<br>**35,393**|**Total**<br>**£**<br>**19,268**<br>**21,241**<br>**774,233**<br>**-**<br>**17,568**<br>**30,124**<br>**176,858**<br>**1,039,292**|
|---|---|---|---|---|---|



## **Permanent Endowment Fund** 

The Permanent Endowment Fund is permanent endowment of the Charity with the fund balance being specifically invested.  Income from these investments is available for the general purposes of the Charity. 

## **Housing Property Reserve** 

The Housing Property Reserve is permanent endowment of the Charity and is represented by the net equity in the housing properties. 

## **Housing Properties Revaluation Reserve** 

This fund is part of the permanent endowment of the Charity and represents the surplus on revaluation of the housing properties. 

## **Cyclical Maintenance Fund** 

The Cyclical Maintenance Fund is unrestricted but designated by the Trustees for future cyclical repairs as they arise.   A transfer is made from the General Fund each year being a specific amount as agreed by the Trustees. 

## **Extraordinary Repair Fund** 

The Extraordinary Repair Fund is unrestricted but designated by the Trustees for future major repairs, improvements and rebuilding of the housing properties.  A transfer is made from the General Fund each year being a specific amount as agreed by the Trustees.  The fund is required by the Scheme to be specifically invested with income from these investments added to the Fund. 

## **General Fund** 

The Fund represents accumulated surpluses of the Charity and is available for the general purposes of the Charity. 

This page does not form part of the statutory financial statements 



**30** 

**DR WEST MEMORIAL HOME** 

## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023** 

|**INCOME AND ENDOWMENTS**<br>**CHARITABLE ACTIVITIES**<br>Contributions Due<br>Losses from Voids<br>**INVESTMENT INCOME**<br>M&G Multi Charity Income Share Dividends<br>COIF Income Share Dividends<br>COIF Deposit Account Interest Receivable<br>**TOTAL INCOME**<br>**EXPENDITURE**<br>**CHARITABLE ACTIVITIES**<br>Almshouse Costs<br>Vacant Property Costs<br>Water Charges<br>Light and Heat<br>Insurance<br>Repairs and Renewals<br>Extraordinary Repairs<br>Cyclical Repairs<br>Gardening<br>Cleaning<br>Bad Debts<br>Sundry Expenses<br>Housing Loan Interest<br>Support Costs – Governance<br>Administration Fees<br>Auditor’s Remuneration<br>Trustees’ Expenses<br>Legal and Professional Fees<br>Almshouse Association Subscription<br>**TOTAL EXPENDITURE**<br>**NET INCOME/(EXPENDITURE) BEFORE GAINS AND LOSSES**<br>**NET INVESTMENT GAINS/(LOSSES)**<br>**NET INCOME/(EXPENDITURE)**<br>**OTHER RECOGNISED GAINS/(LOSSES)**<br>Gain/(Loss) on Revaluation of Housing Properties<br>**NET MOVEMENT IN FUNDS**<br>**RECONCILIATION OF FUNDS**<br>Total Funds Brought Forward<br>Total Funds Carried Forward|**2023**<br>**£**<br>**£**<br>**8,482**<br>**-**<br>**8,482**<br>**-**<br>**-**<br>**304**<br>**304**<br>**8,786**<br>**-**<br>**-**<br>**-**<br>**152**<br>**258**<br>**-**<br>**-**<br>**477**<br>**-**<br>**-**<br>**-**<br>**-**|**2023**<br>**£**<br>**£**<br>**8,482**<br>**-**<br>**8,482**<br>**-**<br>**-**<br>**304**<br>**304**<br>**8,786**<br>**-**<br>**-**<br>**-**<br>**152**<br>**258**<br>**-**<br>**-**<br>**477**<br>**-**<br>**-**<br>**-**<br>**-**|**2022**|**2022**|**2022**|
|---|---|---|---|---|---|
||||**£**<br>**£**|||
|||||||
|||||||
|||||||
||||7,995|||
||||-|||
||||7,995|||
|||||||
|||||||
||||-|||
||||-|||
||||64|||
||||64|||
|||||||
|||||8,059||
|||||||
|||||||
|||||||
|||||||
|||||||
||||-|||
||||-|||
||||-|||
||||140|||
||||253|||
||||-|||
||||-|||
||||356|||
||||-|||
||||-|||
||||-|||
||||-|||
||**850**<br>**1,200**<br>**-**<br>**-**<br>**-**|**887**<br>**2,050**<br>**2,937**<br>**5,849**<br>**4,252**<br>**10,101**<br>**14,613**<br>**24,714**<br>**159,481**<br>**184,195**|749|||
|||||||
||||800|||
||||1,080|||
||||-|||
||||-|||
||||-|||
||||1,880|||
|||||2,629||
|||||||
|||||5,430||
|||||||
||||533|||
|||||||
|||||5,963||
|||||||
|||||||
||||6,878|||
|||||||
||||12,841|||
|||||||
|||||||
||||146,640|||
||||||159,481|



This page does not form part of the statutory financial statements 



**31** 

**DR WEST MEMORIAL HOME** 

**DETAILED BALANCE SHEET** 

**AS AT 31 DECEMBER 2023** 

|**FIXED ASSETS**<br>Tangible Fixed Assets – Housing Properties<br>Net Book Value at Beginning of the year<br>Additions at cost<br>Depreciation Charge for the year<br>Gain/(Loss) on Revaluation<br>Net Book Value at end of the year<br>Listed Investments<br>Market Value at Beginning of the year<br>Additions at cost<br>Disposal Proceeds<br>Gain/(Loss) on Revaluation<br>Market Value at end of the year<br>**CURRENT ASSETS**<br>Debtors and Prepayments<br>Contributions in Arrears<br>Other Debtors<br>Legacy East Almshouse Partnership<br>Prepayments and Accrued Income<br>Cash at Bank and in Hand<br>Barclays Current Account<br>COIF Deposit Account<br>**CREDITORS**: Amounts falling due with one year<br>Loans<br>Contributions in Received in Advance<br>Other Creditors<br>Legacy East Almshouse Partnership<br>Accruals and Deferred Income<br>**NET CURRENT ASSETS/(LIABILITIES)**<br>**TOTAL ASSETS LESS CURRENT LIABILITIES**<br>**CREDITORS**: Amounts falling due after more than one year<br>Loans<br>**NET ASSETS**<br>**CAPITAL AND RESERVES**<br>Endowment Funds:<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds:<br>Social Housing Grant Fund<br>Unrestricted Funds:<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund|**2023**<br>**£**<br>**£**<br>**81,226**<br>**-**<br>**-**<br>**14,613**<br>**95,839**<br>**67,995**<br>**4,500**<br>**-**<br>**4,252**<br>**76,747**<br>**172,586**<br>**218**<br>**-**<br>**4,521**<br>**171**<br>**4,910**<br>**-**<br>**7,899**<br>**7,899**<br>**12,809**<br>**-**<br>-<br>**-**<br>**-**<br>**1,200**<br>**1,200**<br>**11,609**<br>**184,195**<br>**-**<br>**184,195**<br>**-**<br>**60,118**<br>**35,721**<br>**95,839**<br>**-**<br>**7,144**<br>**17,138**<br>**64,074**<br>**88,356**<br>**184,195**|**2022**|**2022**|
|---|---|---|---|
|||**£**<br>**£**||
|||||
|||||
|||74,348||
|||-||
|||-||
|||6,878||
|||81,226||
|||||
|||||
|||67,462||
|||-||
|||-||
|||533||
|||67,995||
||||149,221|
|||||
|||||
|||234||
|||-||
|||5,520||
|||85||
|||5,839||
|||||
|||-||
|||5,615||
|||5,615||
||||11,454|
|||||
|||-||
|||-||
|||(114)||
|||-||
|||(1,080)||
|||(1,194)||
|||||
||||10,260|
|||||
|||159,481||
|||||
|||||
|||-||
|||||
||||159,481|
|||||
|||||
|||||
|||-||
|||60,118||
|||21,108||
|||81,226||
|||||
|||-||
|||||
|||6,120||
|||15,606||
|||56,529||
|||78,255||
||||159,481|



This page does not form part of the statutory financial statements 



## **DR WEST MEMORIAL HOME** 

## **RECONCILIATION OF MOVEMENT IN FUNDS FOR THE YEAR ENDED 31 DECEMBER 2023** 

|**Year Ended 31 December 2023**<br>Endowment Funds<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds<br>Social Housing Grant Fund<br>Unrestricted Funds<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund<br>Total Funds<br>**Year Ended 31 December 2022**<br>Endowment Funds<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds<br>Social Housing Grant Fund<br>Unrestricted Funds<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund<br>Total Funds||**Balances**<br>**Brought**<br>**Forward**<br>**£**<br>**-**<br>**60,118**<br>**21,108**|**Income**<br>**£**<br>**-**<br>**-**<br>**-**|**Expenditure**<br>**£**<br>**-**<br>**-**<br>**-**|**Gains/Losses**<br>**on**<br>**Investments**<br>**£**<br>**-**<br>**-**<br>**-**|<br>**Transfer**<br>**Between**<br>**Funds**<br>**£**<br>**-**<br>**-**<br>**-**|<br>**Transfer**<br>**Between**<br>**Funds**<br>**£**<br>**-**<br>**-**<br>**-**|**Gains/Losses**<br>**on**<br>**Revaluation**<br>**Of Housing**<br>**Properties**<br>**£**<br>**-**<br>**-**<br>**14,613**|**Balances**<br>**Carried**<br>**Forward**<br>**£**<br>**-**<br>**60,118**<br>**35,721**|
|---|---|---|---|---|---|---|---|---|---|
|||||||||||
|||**81,226**|**-**|**-**|**-**||**-**|**14,613**|**95,839**|
|||**-**|**-**|**-**|**-**||**-**|**-**|**-**|
|||**6,120**<br>**15,606**<br>**56,529**|**-**<br>**-**<br>**8,786**|**-**<br>**-**<br>**(2,937)**|**324**<br>**938**<br>**2,990**||**700**<br>**594**<br>**(1,294)**|**-**<br>**-**<br>**-**|**7,144**<br>**17,138**<br>**64,074**|
|||**78,255**|**8,786**|**(2,937)**|**4,252**||**-**|**-**|**88,356**|
|||||||||||
|||**159,481**|**8,786**|**(2,937)**|**4,252**||**-**|**14,613**|**184,195**|
|||||||||||
|||||||||||
|||-|-|-|-||-|-|-|
|||60,118|-|-|-||-|-|60,118|
|||14,230|-|-|-||-|6,878|21,108|
|||74,348|-|-|-||-|6,878|81,226|
|||||||||||
|||-|-|-|-||-|-|-|
|||||||||||
|||||||||||
|||5,181|-|-|41||898|-|6,120|
|||14,939|-|-|118||549|-|15,606|
|||52,172|8,059|(2,629)|374||(1,447)|-|56,529|
|||72,292|8,059|(2,629)|533||-|-|78,255|
|||||||||||
|||146,640|8,059|(2,629)|533||-|6,878|159,481|



This page does not form part of the statutory financial statements 



**33** 

**DR WEST MEMORIAL HOME** 

## **ANALYSIS OF NET ASSETS BETWEEN FUNDS** 

## **AS AT 31 DECEMBER 2023** 

|Endowment Funds:<br>Permanent Endowment Funds<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds:<br>Social Housing Grant Fund<br>Unrestricted Funds:<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund||**Fixed Assets**<br>**Freehold**<br>**Property**<br>**Investments**<br>**£**<br>**£**<br>**-**<br>**-**<br>**60,118**<br>**-**<br>**35,721**<br>**-**<br>**-**<br>**-**<br>**-**<br>**5,546**<br>**-**<br>**16,589**<br>**-**<br>**54,612**<br>**95,839**<br>**76,747**||**Net Current**<br>**Assets Less**<br>**Long Term**<br>**Loans**<br>**£**<br>**-**<br>**-**<br>**-**<br>**-**<br>**1,598**<br>**549**<br>**9,462**<br>**11,609**|**Total**<br>**£**<br>**-**<br>**60,118**<br>**35,721**<br>**-**<br>**7,144**<br>**17,138**<br>**64,074**<br>**184,185**|
|---|---|---|---|---|---|



## **Housing Property Reserve** 

The Housing Property Reserve is permanent endowment of the Charity and is represented by the net equity in the housing properties. 

## **Housing Properties Revaluation Reserve** 

This fund is part of the permanent endowment of the Charity and represents the surplus on revaluation of the housing properties. 

## **Cyclical Maintenance Fund** 

The Cyclical Maintenance Fund is unrestricted but designated by the Trustees for future cyclical repairs as they arise.   A transfer is made from the General Fund each year being a specific amount as agreed by the Trustees. 

## **Extraordinary Repair Fund** 

The Extraordinary Repair Fund is unrestricted but designated by the Trustees for future major repairs, improvements and rebuilding of the housing properties.  A transfer is made from the General Fund each year being a specific amount as agreed by the Trustees.  The fund is required by the Scheme to be specifically invested with income from these investments added to the Fund. 

## **General Fund** 

The Fund represents accumulated surpluses of the Charity and is available for the general purposes of the Charity. 

This page does not form part of the statutory financial statements 



**34** 

**HODDESDON COTTAGE HOMES FOR THE AGED POOR** 

## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES** 

## **FOR THE YEAR ENDED 31 DECEMBER 2023** 

|**INCOME AND ENDOWMENTS**<br>**CHARITABLE ACTIVITIES**<br>Contributions Due<br>Losses from Voids<br>**INVESTMENT INCOME**<br>M&G Multi Charity Income Share Dividends<br>COIF Income Share Dividends<br>COIF Deposit Account Interest Receivable<br>**TOTAL INCOME**<br>**EXPENDITURE**<br>**CHARITABLE ACTIVITIES**<br>Almshouse Costs<br>Vacant Property Costs<br>Water Charges<br>Light and Heat<br>Insurance<br>Repairs and Renewals<br>Extraordinary Repairs<br>Cyclical Repairs<br>Gardening<br>Cleaning<br>Bad Debts<br>Sundry Expenses<br>Housing Loan Interest<br>Support Costs – Governance<br>Administration Fees<br>Auditor’s Remuneration<br>Trustees’ Expenses<br>Legal and Professional Fees<br>Almshouse Association Subscription<br>**TOTAL EXPENDITURE**<br>**NET INCOME/(EXPENDITURE) BEFORE GAINS AND LOSSES**<br>**NET INVESTMENT GAINS/(LOSSES)**<br>**NET INCOME/(EXPENDITURE)**<br>**OTHER RECOGNISED GAINS/(LOSSES)**<br>Gain/(Loss) on Revaluation of Housing Properties<br>**NET MOVEMENT IN FUNDS**<br>**RECONCILIATION OF FUNDS**<br>Total Funds Brought Forward<br>Total Funds Carried Forward|**2023**<br>**£**<br>**£**<br>**28,839**<br>**-**<br>**28,839**<br>**-**<br>**-**<br>**93**<br>**93**<br>**28,932**<br>**-**<br>**-**<br>**-**<br>**595**<br>**744**<br>**-**<br>**-**<br>**1,818**<br>**-**<br>**-**<br>**15**<br>**-**<br>**3,172**<br>**3,400**<br>**1,560**<br>**-**<br>**-**<br>**-**<br>**4,960**<br>**8,132**<br>**20,800**<br>**2,122**<br>**22,922**<br>**78,886**<br>**101,808**<br>**432,313**<br>**534,121**|**2022**|**2022**|
|---|---|---|---|
|||**£**<br>**£**||
|||||
|||||
|||||
|||27,163||
|||-||
|||27,163||
|||||
|||||
|||-||
|||-||
|||-||
|||-||
|||||
||||27,163|
|||||
|||||
|||||
|||||
|||||
|||-||
|||-||
|||-||
|||533||
|||1,413||
|||-||
|||-||
|||1,454||
|||-||
|||-||
|||-||
|||-||
|||3,400||
|||||
|||3,200||
|||1,434||
|||-||
|||-||
|||-||
|||4,634||
||||8,034|
|||||
||||19,129|
|||||
|||62||
|||||
||||19,191|
|||||
|||||
|||37,129||
|||||
|||56,320||
|||||
|||||
|||375,993||
||||432,313|



This page does not form part of the statutory financial statements 



**35** 

**HODDESDON COTTAGE HOMES FOR THE AGED POOR** 

**DETAILED BALANCE SHEET** 

## **AS AT 31 DECEMBER 2023** 

|**FIXED ASSETS**<br>Tangible Fixed Assets – Housing Properties<br>Net Book Value at Beginning of the year<br>Additions at cost<br>Depreciation Charge for the year<br>Gain/(Loss) on Revaluation<br>Net Book Value at end of the year<br>Listed Investments<br>Market Value at Beginning of the year<br>Additions at cost<br>Disposal Proceeds<br>Gain/(Loss) on Revaluation<br>Market Value at end of the year<br>**CURRENT ASSETS**<br>Debtors and Prepayments<br>Contributions in Arrears<br>Other Debtors<br>Legacy East Almshouse Partnership<br>Prepayments and Accrued Income<br>Cash at Bank and in Hand<br>Barclays Current Account<br>COIF Deposit Account<br>**CREDITORS**: Amounts falling due with one year<br>Loans<br>Contributions in Received in Advance<br>Other Creditors<br>Legacy East Almshouse Partnership<br>Accruals and Deferred Income<br>**NET CURRENT ASSETS**<br>**TOTAL ASSETS LESS CURRENT LIABILITIES**<br>**CREDITORS**: Amounts falling due after more than one year<br>Loans<br>**NET ASSETS**<br>**CAPITAL AND RESERVES**<br>Endowment Funds:<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds:<br>Social Housing Grant Fund<br>Unrestricted Funds:<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund|**2023**<br>**£**<br>**£**<br>**438,501**<br>**-**<br>**-**<br>**78,886**<br>**517,387**<br>**33,442**<br>**6,500**<br>**-**<br>**2,122**<br>**42,064**<br>**559,451**<br>**64**<br>**-**<br>**12,375**<br>**392**<br>**12,831**<br>**-**<br>**5,072**<br>**5,072**<br>**17,903**<br>**(5,650)**<br>**(710)**<br>**-**<br>**-**<br>**(1,560)**<br>**(7,920)**<br>**9,983**<br>**569,434**<br>**(35,313)**<br>**534,121**<br>**-**<br>**299,555**<br>**217,832**<br>**517,387**<br>**-**<br>**27,308**<br>**13,206**<br>**(23,780)**<br>**16,734**<br>**534,121**|**2022**|**2022**|
|---|---|---|---|
|||**£**<br>**£**||
|||||
|||||
|||401,372||
|||-||
|||-||
|||37,129||
|||438,501||
|||||
|||||
|||23,380||
|||10,000||
|||-||
|||62||
|||33,442||
||||471,943|
|||||
|||||
|||365||
|||-||
|||8,433||
|||273||
|||9,071||
|||||
|||-||
|||-||
|||-||
||||9,071|
|||||
|||(5,650)||
|||(654)||
|||-||
|||-||
|||(1,434)||
|||(7,738)||
|||||
||||1,333|
|||||
|||473,276||
|||||
|||||
|||(40,963)||
|||||
||||432,313|
|||||
|||||
|||||
|||-||
|||299,555||
|||138,946||
|||438,501||
|||||
|||-||
|||||
|||23,485||
|||10,181||
|||(39,854)||
|||(6,188)||
||||432,313|



This page does not form part of the statutory financial statements 



## **HODDESDON COTTAGE HOMES FOR THE AGED POOR** 

## **RECONCILIATION OF MOVEMENT IN FUNDS FOR THE YEAR ENDED 31 DECEMBER 2023** 

|**Year Ended 31 December 2023**<br>Endowment Funds<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds<br>Social Housing Grant Fund<br>Unrestricted Funds<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund<br>Total Funds<br>**Year Ended 31 December 2022**<br>Endowment Funds<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds<br>Social Housing Grant Fund<br>Unrestricted Funds<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund<br>Total Funds||**Balances**<br>**Brought**<br>**Forward**<br>**£**<br>**-**<br>**299,555**<br>**138,946**|**Income**<br>**£**<br>**-**<br>**-**<br>**-**|**Expenditure**<br>**£**<br>**-**<br>**-**|**Gains/Losses**<br>**on**<br>**Investments**<br>**£**<br>**-**<br>**-**<br>**-**|<br>**Transfer**<br>**Between**<br>**Funds**<br>**£**<br>**-**<br>**-**<br>**-**|<br>**Transfer**<br>**Between**<br>**Funds**<br>**£**<br>**-**<br>**-**<br>**-**|**Gains/Losses**<br>**on**<br>**Revaluation**<br>**Of Housing**<br>**Properties**<br>**£**<br>**-**<br>**-**<br>**78,886**|**Balances**<br>**Carried**<br>**Forward**<br>**£**<br>**-**<br>**299,555**<br>**217,832**|
|---|---|---|---|---|---|---|---|---|---|
|||||||||||
|||**438,501**|**-**|**-**|**-**||**-**|**78,886**|**517,387**|
|||**-**|**-**|**-**|**-**||**-**|**-**|**-**|
|||**23,485**<br>**10,181**<br>**(39,854)**|**-**<br>**-**<br>**28,932**|**-**<br>**-**<br>**(8,132)**|**1,023**<br>**649**<br>**450**||**2,800**<br>**2,376**<br>**(5,176)**|**-**<br>**-**<br>**-**|**27,308**<br>**13,206**<br>**(23,780)**|
|||**(6,188)**|**28,932**|**(8,132)**|**2,122**||**-**|**-**<br>|**16,734**|
|||||||||||
|||**432,313**|**28,932**|**(8,132)**|**2,122**||**-**|**78,886**|**534,121**|
|||||||||||
|||||||||||
|||-|-|-|-||-|-|-|
|||299,555|-||-||-|-|299,555|
|||101,817|-|-|-||-|37,129|138,946|
|||401,372|-|-|-||-|37,129|438,501|
|||||||||||
|||-|-|-|-||-|-|-|
|||||||||||
|||||||||||
|||19,836|-|-|57||3,592|-|23,485|
|||7,949|-|-|36||2,196|-|10,181|
|||(53,164)|27,163|(8,034)|(31)||(5,788)|-|(39,854)|
|||(25,379)|27,163|(8,034)|62||-|-|(6,188)|
|||||||||||
|||375,993|27,163|(8,034)|62||-|37,129|432,313|



This page does not form part of the statutory financial statements 



**37** 

**HODDESDON COTTAGE HOMES FOR THE AGED POOR** 

## **ANALYSIS OF NET ASSETS BETWEEN FUNDS** 

## **AS AT 31 DECEMBER 2023** 

|Endowment Funds:<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds:<br>Social Housing Grant Fund<br>Unrestricted Funds:<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund||**Fixed Assets**<br>**Freehold**<br>**Property**<br>**Investments**<br>**£**<br>**£**<br>**-**<br>**-**<br>**299,555**<br>**-**<br>**217,832**<br>**-**<br>**-**<br>**-**<br>**-**<br>**17,505**<br>**-**<br>**13,206**<br>**-**<br>**11,353**<br>**517,387**<br>**42,064**||**Net Current**<br>**Assets Less**<br>**Long Term**<br>**Loans**<br>**£**<br>**-**<br>**-**<br>**-**<br>**-**<br>**9,803**<br>**-**<br>**(35,133)**<br>**(25,330)**|**Total**<br>**£**<br>**-**<br>**299,555**<br>**217,832**<br>**-**<br>**27,308**<br>**13,206**<br>**(23,780)**<br>**534,121**|
|---|---|---|---|---|---|



## **Housing Property Reserve** 

The Housing Property Reserve is permanent endowment of the Charity and is represented by the net equity in the housing properties. 

## **Housing Properties Revaluation Reserve** 

This fund is part of the permanent endowment of the Charity and represents the surplus on revaluation of the housing properties. 

## **Cyclical Maintenance Fund** 

The Cyclical Maintenance Fund is unrestricted but designated by the Trustees for future cyclical repairs as they arise.   A transfer is made from the General Fund each year being a specific amount as agreed by the Trustees. 

## **Extraordinary Repair Fund** 

The Extraordinary Repair Fund is unrestricted but designated by the Trustees for future major repairs, improvements and rebuilding of the housing properties.  A transfer is made from the General Fund each year being a specific amount as agreed by the Trustees.  The fund is required by the Scheme to be specifically invested with income from these investments added to the Fund. 

## **General Fund** 

The Fund represents accumulated surpluses of the Charity and is available for the general purposes of the Charity. 

This page does not form part of the statutory financial statements 



**38** 

**MISS RUTLAND’S ALMSHOUSES** 

## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023** 

|**INCOME AND ENDOWMENTS**<br>**CHARITABLE ACTIVITIES**<br>Contributions Due<br>Losses from Voids<br>**INVESTMENT INCOME**<br>M&G Multi Charity Income Share Dividends<br>COIF Income Share Dividends<br>COIF Deposit Account Interest Receivable<br>**TOTAL INCOME**<br>**EXPENDITURE**<br>**CHARITABLE ACTIVITIES**<br>Almshouse Costs<br>Vacant Property Costs<br>Water Charges<br>Light and Heat<br>Insurance<br>Repairs and Renewals<br>Extraordinary Repairs<br>Cyclical Repairs<br>Gardening<br>Cleaning<br>Bad Debts<br>Sundry Expenses<br>Housing Loan Interest<br>Support Costs – Governance<br>Administration Fees<br>Auditor’s Remuneration<br>Trustees’ Expenses<br>Legal and Professional Fees<br>Almshouse Association Subscription<br>**TOTAL EXPENDITURE**<br>**NET INCOME/(EXPENDITURE) BEFORE GAINS AND LOSSES**<br>**NET INVESTMENT GAINS/(LOSSES)**<br>**NET INCOME/(EXPENDITURE)**<br>**OTHER RECOGNISED GAINS/(LOSSES)**<br>Gain/(Loss) on Revaluation of Housing Properties<br>**NET MOVEMENT IN FUNDS**<br>**RECONCILIATION OF FUNDS**<br>Total Funds Brought Forward<br>Total Funds Carried Forward|**2023**<br>**£**<br>**£**<br>**29,037**<br>**-**<br>**29,037**<br>**-**<br>**-**<br>**1,331**<br>**1,331**<br>**30,368**<br>**92**<br>**-**<br>**29**<br>**686**<br>**1,421**<br>**-**<br>**-**<br>**353**<br>**-**<br>**-**<br>**15**<br>**-**<br>**2,596**<br>**3,400**<br>**1,560**<br>**-**<br>**-**<br>**-**<br>**4,960**<br>**7,556**<br>**22,812**<br>**7,499**<br>**30,311**<br>**92,825**<br>**123,136**<br>**668,466**<br>**791,602**|**2022**|**2022**|
|---|---|---|---|
|||**£**<br>**£**||
|||||
|||||
|||||
|||27,314||
|||-||
|||27,314||
|||||
|||||
|||-||
|||-||
|||314||
|||314||
|||||
||||27,628|
|||||
|||||
|||||
|||||
|||||
|||-||
|||-||
|||131||
|||613||
|||3,655||
|||14,356||
|||-||
|||855||
|||-||
|||-||
|||(14)||
|||-||
|||19,596||
|||||
|||3,200||
|||1,434||
|||-||
|||-||
|||-||
|||4,634||
||||24,230|
|||||
||||3,398|
|||||
|||921||
|||||
||||4,319|
|||||
|||||
|||43,688||
|||||
|||48,007||
|||||
|||||
|||620,459||
||||668,466|



This page does not form part of the statutory financial statements 



**39** 

**MISS RUTLAND’S ALMSHOUSES** 

**DETAILED BALANCE SHEET** 

## **AS AT 31 DECEMBER 2023** 

|**FIXED ASSETS**<br>Tangible Fixed Assets – Housing Properties<br>Net Book Value at Beginning of the year<br>Additions at cost<br>Depreciation Charge for the year<br>Gain/(Loss) on Revaluation<br>Net Book Value at end of the year<br>Listed Investments<br>Market Value at Beginning of the year<br>Additions at cost<br>Disposal Proceeds<br>Gain/(Loss) on Revaluation<br>Market Value at end of the year<br>**CURRENT ASSETS**<br>Debtors and Prepayments<br>Contributions in Arrears<br>Other Debtors<br>Legacy East Almshouse Partnership<br>Prepayments and Accrued Income<br>Cash at Bank and in Hand<br>Barclays Current Account<br>COIF Deposit Account<br>**CREDITORS**: Amounts falling due with one year<br>Loans<br>Contributions in Received in Advance<br>Other Creditors<br>Legacy East Almshouse Partnership<br>Accruals and Deferred Income<br>**NET CURRENT ASSETS**<br>**TOTAL ASSETS LESS CURRENT LIABILITIES**<br>**CREDITORS**: Amounts falling due after more than one year<br>Loans<br>**NET ASSETS**<br>**CAPITAL AND RESERVES**<br>Endowment Funds:<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds:<br>Social Housing Grant Fund<br>Unrestricted Funds:<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund|**2023**<br>**£**<br>**£**<br>**515,980**<br>**-**<br>**-**<br>**92,825**<br>**608,805**<br>**117,530**<br>**10,000**<br>**-**<br>**7,499**<br>**135,029**<br>**743,834**<br>**2,610**<br>**-**<br>**9,595**<br>**584**<br>**12,789**<br>**-**<br>**37,743**<br>**37,743**<br>**50,532**<br>**-**<br>**(1,204)**<br>**-**<br>**-**<br>**(1,560)**<br>**(2,764)**<br>**47,768**<br>**791,602**<br>**-**<br>**791,602**<br>**-**<br>**248,952**<br>**359,853**<br>**608,805**<br>**-**<br>**22,829**<br>**22,711**<br>**137,257**<br>**182,797**<br>**791,602**|**2022**|**2022**|
|---|---|---|---|
|||**£**<br>**£**||
|||||
|||||
|||472,292||
|||-||
|||-||
|||43,688||
|||515,980||
|||||
|||||
|||116,609||
|||-||
|||-||
|||921||
|||117,530||
||||633,510|
|||||
|||||
|||1,311||
|||29||
|||10,217||
|||380||
|||11,937||
|||||
|||-||
|||26,507||
|||26,507||
||||38,444|
|||||
|||-||
|||(2,054)||
|||-||
|||-||
|||(1,434)||
|||(3,488)||
|||||
||||34,956|
|||||
|||668,466||
|||||
|||||
|||-||
|||||
||||668,466|
|||||
|||||
|||||
|||-||
|||248,952||
|||267,028||
|||515,980||
|||||
|||-||
|||||
|||19,268||
|||19,352||
|||113,866||
|||152,486||
||||668,466|



This page does not form part of the statutory financial statements 



## **MISS RUTLAND’S ALMSHOUSES** 

## **RECONCILIATION OF MOVEMENT IN FUNDS FOR THE YEAR ENDED 31 DECEMBER 2023** 

|**Year Ended 31 December 2023**<br>Endowment Funds<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds<br>Social Housing Grant Fund<br>Unrestricted Funds<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund<br>Total Funds<br>**Year Ended 31 December 2022**<br>Endowment Funds<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds<br>Social Housing Grant Fund<br>Unrestricted Funds<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund<br>Total Funds||**Balances**<br>**Brought**<br>**Forward**<br>**£**<br>**-**<br>**248,952**<br>**267,028**|**Income**<br>**£**<br>**-**<br>**-**<br>**-**|**Expenditure**<br>**£**<br>**-**<br>**-**<br>**-**|**Gains/Losses**<br>**on**<br>**Investments**<br>**£**<br>**-**<br>**-**<br>**-**|<br>**Transfer**<br>**Between**<br>**Funds**<br>**£**<br>**-**<br>**-**<br>**-**|<br>**Transfer**<br>**Between**<br>**Funds**<br>**£**<br>**-**<br>**-**<br>**-**|**Gains/Losses**<br>**on**<br>**Revaluation**<br>**Of Housing**<br>**Properties**<br>**£**<br>**-**<br>**-**<br>**92,825**|**Balances**<br>**Carried**<br>**Forward**<br>**£**<br>**-**<br>**248,952**<br>**359,853**|
|---|---|---|---|---|---|---|---|---|---|
|||||||||||
|||**515,980**|**-**|**-**|**-**||**-**|**92,825**|**608,805**|
|||**-**|**-**|**-**|**-**||**-**|**-**|**-**|
|||**19,268**<br>**19,352**<br>**113,866**|**-**<br>**-**<br>**30,368**|**-**<br>**-**<br>**(7,556)**|**761**<br>**983**<br>**5,755**||**2,800**<br>**2,376**<br>**(5,176)**|**-**<br>**-**<br>**-**|**22,829**<br>**22,711**<br>**137,257**|
|||**152,486**|**30,368**|**(7,556)**|**7,499**||**-**|**-**|**182,797**|
|||||||||||
|||**668,466**|**30,368**|**(7,556)**|**7,499**||**-**|**92,825**|**791,602**|
|||||||||||
|||||||||||
|||-|-|-|-||-|-|-|
|||248,952|-|-|-||-|-|248,952|
|||223,340|-|-|-||-|43,688|267,028|
|||472,292|-|-|-||-|43,688|515,980|
|||||||||||
|||-|-|-|-||-|-|-|
|||||||||||
|||||||||||
|||15,579|-|-|97||3,592|-|19,268|
|||17,038|-|-|118||2,196|-|19,352|
|||115,550|27,628|(24,230)|706||(5,788)|-|113,866|
|||148,167|27,628|(24,230)|921||-|-|152,486|
|||||||||||
|||620,459|27,628|(24,230)|921||-|43,688|668,466|



This page does not form part of the statutory financial statements 



**41** 

**MISS RUTLAND’S ALMSHOUSES** 

## **ANALYSIS OF NET ASSETS BETWEEN FUNDS** 

## **AS AT 31 DECEMBER 2023** 

|Endowment Funds:<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds:<br>Social Housing Grant Fund<br>Unrestricted Funds:<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund||**Fixed Assets**<br>**Freehold**<br>**Property**<br>**Investments**<br>**£**<br>**£**<br>**-**<br>**-**<br>**248,952**<br>**-**<br>**359,853**<br>**-**<br>**-**<br>**-**<br>**-**<br>**13,021**<br>**-**<br>**18,427**<br>**-**<br>**103,581**<br>**608,805**<br>**135,029**||**Net Current**<br>**Assets Less**<br>**Long Term**<br>**Loans**<br>**£**<br>**-**<br>**-**<br>**-**<br>**-**<br>**9,808**<br>**4,284**<br>**33,676**<br>**47,768**|**Total**<br>**£**<br>**-**<br>**248,952**<br>**359,853**<br>**-**<br>**22,829**<br>**22,711**<br>**137,257**<br>**791,602**|
|---|---|---|---|---|---|



## **Housing Property Reserve** 

The Housing Property Reserve is permanent endowment of the Charity and is represented by the net equity in the housing properties. 

## **Housing Properties Revaluation Reserve** 

This fund is part of the permanent endowment of the Charity and represents the surplus on revaluation of the housing properties. 

## **Cyclical Maintenance Fund** 

The Cyclical Maintenance Fund is unrestricted but designated by the Trustees for future cyclical repairs as they arise.   A transfer is made from the General Fund each year being a specific amount as agreed by the Trustees. 

## **Extraordinary Repair Fund** 

The Extraordinary Repair Fund is unrestricted but designated by the Trustees for future major repairs, improvements and rebuilding of the housing properties.  A transfer is made from the General Fund each year being a specific amount as agreed by the Trustees.  The fund is required by the Scheme to be specifically invested with income from these investments added to the Fund. 

## **General Fund** 

The Fund represents accumulated surpluses of the Charity and is available for the general purposes of the Charity. 

This page does not form part of the statutory financial statements 



**42** 

**NETHANIAH HOME** 

## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023** 

|**INCOME AND ENDOWMENTS**<br>**CHARITABLE ACTIVITIES**<br>Contributions Due<br>Losses from Voids<br>**INVESTMENT INCOME**<br>M&G Multi Charity Income Share Dividends<br>COIF Income Share Dividends<br>COIF Deposit Account Interest Receivable<br>**TOTAL INCOME**<br>**EXPENDITURE**<br>**CHARITABLE ACTIVITIES**<br>Almshouse Costs<br>Vacant Property Costs<br>Water Charges<br>Light and Heat<br>Insurance<br>Repairs and Renewals<br>Extraordinary Repairs<br>Cyclical Repairs<br>Gardening<br>Cleaning<br>Bad Debts<br>Sundry Expenses<br>Housing Loan Interest<br>Support Costs – Governance<br>Administration Fees<br>Auditor’s Remuneration<br>Trustees’ Expenses<br>Legal and Professional Fees<br>Almshouse Association Subscription<br>**TOTAL EXPENDITURE**<br>**NET INCOME/(EXPENDITURE) BEFORE GAINS AND LOSSES**<br>**NET INVESTMENT GAINS/(LOSSES)**<br>**NET INCOME/(EXPENDITURE)**<br>**OTHER RECOGNISED GAINS/(LOSSES)**<br>Gain/(Loss) on Revaluation of Housing Properties<br>**NET MOVEMENT IN FUNDS**<br>**RECONCILIATION OF FUNDS**<br>Total Funds Brought Forward<br>Total Funds Carried Forward|**2023**<br>**£**<br>**£**<br>**21,960**<br>**(1,610)**<br>**20,350**<br>**-**<br>**-**<br>**19**<br>**19**<br>**20,369**<br>**78**<br>**-**<br>**-**<br>**795**<br>**1,994**<br>**-**<br>**-**<br>**-**<br>**-**<br>**436**<br>**120**<br>**-**<br>**3,423**<br>**3,400**<br>**1,560**<br>**-**<br>**400**<br>**-**<br>**5,360**<br>**8,783**<br>**11,586**<br>**1,578**<br>**13,164**<br>**108,661**<br>**121,825**<br>**589,744**<br>**711,569**|**2022**|**2022**|
|---|---|---|---|
|||**£**<br>**£**||
|||||
|||||
|||||
|||20,659||
|||-||
|||20,659||
|||||
|||||
|||-||
|||-||
|||-||
|||-||
|||||
||||20,659|
|||||
|||||
|||||
|||||
|||||
|||-||
|||-||
|||-||
|||703||
|||3,542||
|||8,527||
|||-||
|||-||
|||-||
|||-||
|||30||
|||-||
|||12,802||
|||||
|||3,200||
|||1,434||
|||-||
|||-||
|||-||
|||4,634||
||||17,436|
|||||
||||3,223|
|||||
|||197||
|||||
||||3,420|
|||||
|||||
|||51,141||
|||||
|||54,561||
|||||
|||||
|||535,183||
||||589,744|



This page does not form part of the statutory financial statements 



**43** 

**NETHANIAH HOME** 

**DETAILED BALANCE SHEET AS AT 31 DECEMBER 2023** 

|**FIXED ASSETS**<br>Tangible Fixed Assets – Housing Properties<br>Net Book Value at Beginning of the year<br>Additions at cost<br>Depreciation Charge for the year<br>Gain/(Loss) on Revaluation<br>Net Book Value at end of the year<br>Listed Investments<br>Market Value at Beginning of the year<br>Additions at cost<br>Disposal Proceeds<br>Gain/(Loss) on Revaluation<br>Market Value at end of the year<br>**CURRENT ASSETS**<br>Debtors and Prepayments<br>Contributions in Arrears<br>Other Debtors<br>Legacy East Almshouse Partnership<br>Prepayments and Accrued Income<br>Cash at Bank and in Hand<br>Barclays Current Account<br>COIF Deposit Account<br>**CREDITORS**: Amounts falling due with one year<br>Loans<br>Contributions in Received in Advance<br>Other Creditors<br>Legacy East Almshouse Partnership<br>Accruals and Deferred Income<br>**NET CURRENT ASSETS/(LIABILITIES)**<br>**TOTAL ASSETS LESS CURRENT LIABILITIES**<br>**CREDITORS**: Amounts falling due after more than one year<br>Loans<br>**NET ASSETS**<br>**CAPITAL AND RESERVES**<br>Endowment Funds:<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds:<br>Social Housing Grant Fund<br>Unrestricted Funds:<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund|**2023**<br>**£**<br>**£**<br>**604,001**<br>**-**<br>**-**<br>**108,661**<br>**712,662**<br>**25,082**<br>**3,000**<br>**-**<br>**1,578**<br>**29,660**<br>**742,322**<br>**2,743**<br>**-**<br>**6,795**<br>**483**<br>**10,021**<br>**-**<br>**1,015**<br>**1,015**<br>**11,036**<br>**(5,549)**<br>**-**<br>**-**<br>**-**<br>**(1,560)**<br>**(7,109)**<br>**3,927**<br>**746,249**<br>**(34,680)**<br>**711,569**<br>**-**<br>**171,750**<br>**498,912**<br>**670,662**<br>**42,000**<br>**19,679**<br>**7,342**<br>**(28,114)**<br>**(1,093)**<br>**711,569**|**2022**|**2022**|
|---|---|---|---|
|||**£**<br>**£**||
|||||
|||||
|||552,860||
|||-||
|||-||
|||51,141||
|||604,001||
|||||
|||||
|||24,885||
|||-||
|||-||
|||197||
|||25,082||
||||629,083|
|||||
|||||
|||4,190||
|||-||
|||3,328||
|||361||
|||7,879||
|||||
|||-||
|||-||
|||-||
||||7,879|
|||||
|||(5,549)||
|||(6)||
|||-||
|||-||
|||(1,434)||
|||(6,989)||
|||||
||||890|
|||||
|||629,973||
|||||
|||||
|||(40,229)||
|||||
||||589,744|
|||||
|||||
|||||
|||-||
|||171,750||
|||390,251||
|||562,001||
|||||
|||42,000||
|||||
|||16,454||
|||4,660||
|||(35,371)||
|||(14,257)||
||||589,744|



This page does not form part of the statutory financial statements 



## **NETHANIAH HOME** 

## **RECONCILIATION OF MOVEMENT IN FUNDS FOR THE YEAR ENDED 31 DECEMBER 2023** 

|**Year Ended 31 December 2023**<br>Endowment Funds<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds<br>Social Housing Grant Fund<br>Unrestricted Funds<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund<br>Total Funds<br>**Year Ended 31 December 2022**<br>Endowment Funds<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds<br>Social Housing Grant Fund<br>Unrestricted Funds<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund<br>Total Funds||**Balances**<br>**Brought**<br>**Forward**<br>**£**<br>**-**<br>**171,750**<br>**390,251**|**Income**<br>**£**<br>**-**<br>**-**<br>**-**|**Expenditure**<br>**£**<br>**-**<br>**-**<br>**-**|**Gains/Losses**<br>**on**<br>**Investments**<br>**£**<br>**-**<br>**-**<br>**-**|<br>**Transfer**<br>**Between**<br>**Funds**<br>**£**<br>**-**<br>**-**<br>**-**|<br>**Transfer**<br>**Between**<br>**Funds**<br>**£**<br>**-**<br>**-**<br>**-**|**Gains/Losses**<br>**on**<br>**Revaluation**<br>**Of Housing**<br>**Properties**<br>**£**<br>**-**<br>**-**<br>**108,661**|**Balances**<br>**Carried**<br>**Forward**<br>**£**<br>**-**<br>**171,750**<br>**498,912**|
|---|---|---|---|---|---|---|---|---|---|
|||||||||||
|||**562,001**|**-**|**-**|**-**||**-**|**108,661**|**670,662**|
|||**42,000**|**-**|**-**|**-**||**-**|**-**|**42,000**|
|||**16,454**<br>**4,660**<br>**(35,371)**|**-**<br>**-**<br>**20,369**|**-**<br>**-**<br>**(8,783)**|**425**<br>**306**<br>**847**||**2,800**<br>**2,376**<br>**(5,176)**|**-**<br>**-**<br>**-**|**19,679**<br>**7,342**<br>**(28,114)**|
|||**(14,257)**|**20,369**|**(8,783)**|**1,578**||**-**|**-**|**(1,093)**|
|||||||||||
|||**589,744**|**20,369**|**(8,783)**|**1,578**||**-**|**108,661**|**711,569**|
|||||||||||
|||||||||||
|||-|-|-|-||-|-|-|
|||171,750|-|-|-||-|-|171,750|
|||339,110|-|-|-||-|51,141|390,251|
|||510,860|-|-|-||-|51,141|562,001|
|||||||||||
|||42,000|-|-|-||-|-|42,000|
|||||||||||
|||||||||||
|||12,793|-|-|69||3,592|-|16,454|
|||4,623|-|-|37||-|-|4,660|
|||(35,093)|20,659|(17,436)|91||(3,592)|-|(35,371)|
|||(17,677)|20,659|(17,436)|197||-|-|(14,257)|
|||||||||||
|||535,183|20,659|(17,436)|197||-|51,141|589,744|



This page does not form part of the statutory financial statements 



**45** 

**NETHANIAH HOME** 

## **ANALYSIS OF NET ASSETS BETWEEN FUNDS** 

## **AS AT 31 DECEMBER 2023** 

|Endowment Funds:<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds:<br>Social Housing Grant Fund<br>Unrestricted Funds:<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund||**Fixed Assets**<br>**Freehold**<br>**Property**<br>**Investments**<br>**£**<br>**£**<br>**-**<br>**-**<br>**171,750**<br>**-**<br>**498,912**<br>**-**<br>**42,000**<br>**-**<br>**-**<br>**11,026**<br>**-**<br>**7,342**<br>**-**<br>**11,292**<br>**712,662**<br>**29,660**||**Net Current**<br>**Assets Less**<br>**Long Term**<br>**Loans**<br>**£**<br>**-**<br>**-**<br>**-**<br>**-**<br>**8,653**<br>**-**<br>**(39,406)**<br>**(30,753)**|**Total**<br>**£**<br>**-**<br>**171,750**<br>**498,912**<br>**42,000**<br>**19,679**<br>**7,342**<br>**(28,114)**<br>**711,569**|
|---|---|---|---|---|---|



## **Housing Property Reserve** 

The Housing Property Reserve is permanent endowment of the Charity and is represented by the net equity in the housing properties. 

## **Housing Properties Revaluation Reserve** 

This fund is part of the permanent endowment of the Charity and represents the surplus on revaluation of the housing properties. 

## **Social Housing Grant Fund** 

The Social Housing Grant Fund is a restricted fund and represents the grant received of £42,000 in connection with the housing property improvements. 

## **Cyclical Maintenance Fund** 

The Cyclical Maintenance Fund is unrestricted but designated by the Trustees for future cyclical repairs as they arise.   A transfer is made from the General Fund each year being a specific amount as agreed by the Trustees. 

## **Extraordinary Repair Fund** 

The Extraordinary Repair Fund is unrestricted but designated by the Trustees for future major repairs, improvements and rebuilding of the housing properties.  A transfer is made from the General Fund each year being a specific amount as agreed by the Trustees.  The fund is required by the Scheme to be specifically invested with income from these investments added to the Fund. 

## **General Fund** 

The Fund represents accumulated surpluses of the Charity and is available for the general purposes of the Charity. 

This page does not form part of the statutory financial statements 



**46** 

**LOUGHTON ALMSHOUSE CHARITY** 

## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023** 

|**INCOME AND ENDOWMENTS**<br>**CHARITABLE ACTIVITIES**<br>Contributions Due<br>Losses from Voids<br>**INVESTMENT INCOME**<br>M&G Multi Charity Income Share Dividends<br>COIF Income Share Dividends<br>COIF Deposit Account Interest Receivable<br>**TOTAL INCOME**<br>**EXPENDITURE**<br>**CHARITABLE ACTIVITIES**<br>Almshouse Costs<br>Vacant Property Costs<br>Water Charges<br>Light and Heat<br>Insurance<br>Repairs and Renewals<br>Extraordinary Repairs<br>Cyclical Repairs<br>Gardening<br>Cleaning<br>Bad Debts<br>Sundry Expenses<br>Housing Loan Interest<br>Support Costs – Governance<br>Administration Fees<br>Auditor’s Remuneration<br>Trustees’ Expenses<br>Legal and Professional Fees<br>Almshouse Association Subscription<br>**TOTAL EXPENDITURE**<br>**NET INCOME/(EXPENDITURE) BEFORE GAINS AND LOSSES**<br>**NET INVESTMENT GAINS/(LOSSES)**<br>**NET INCOME/(EXPENDITURE)**<br>**OTHER RECOGNISED GAINS/(LOSSES)**<br>Gain/(Loss) on Revaluation of Housing Properties<br>**NET MOVEMENT IN FUNDS**<br>**RECONCILIATION OF FUNDS**<br>Total Funds Brought Forward<br>Total Funds Carried Forward|**2023**<br>**£**<br>**£**<br>**29,416**<br>**-**<br>**29,416**<br>**-**<br>**-**<br>**1,750**<br>**1,750**<br>**31,166**<br>**-**<br>**-**<br>**-**<br>**638**<br>**987**<br>**-**<br>**-**<br>**1,900**<br>**-**<br>**-**<br>**30**<br>**-**|**2023**<br>**£**<br>**£**<br>**29,416**<br>**-**<br>**29,416**<br>**-**<br>**-**<br>**1,750**<br>**1,750**<br>**31,166**<br>**-**<br>**-**<br>**-**<br>**638**<br>**987**<br>**-**<br>**-**<br>**1,900**<br>**-**<br>**-**<br>**30**<br>**-**|**2022**|**2022**|**2022**|
|---|---|---|---|---|---|
||||**£**<br>**£**|||
|||||||
|||||||
|||||||
||||27,779|||
||||-|||
||||27,779|||
|||||||
|||||||
||||-|||
||||-|||
||||456|||
||||456|||
|||||||
|||||28,235||
|||||||
|||||||
|||||||
|||||||
|||||||
||||53|||
||||-|||
||||-|||
||||560|||
||||1,577|||
||||4,200|||
||||-|||
||||1,600|||
||||-|||
||||-|||
||||19|||
||||-|||
||**3,400**<br>**1,560**<br>**-**<br>**-**<br>**-**|**3,555**<br>**4,960**<br>**8,515**<br>**22,651**<br>**2,432**<br>**25,083**<br>**24,521**<br>**49,604**<br>**599,701**<br>**649,305**|8,009|||
|||||||
||||3,200|||
||||1,434|||
||||-|||
||||-|||
||||-|||
||||4,634|||
|||||12,643||
|||||||
|||||15,592||
|||||||
||||124|||
|||||||
|||||15,716||
|||||||
|||||||
||||72,827|||
|||||||
||||88,543|||
|||||||
|||||||
||||511,158|||
||||||599,701|



This page does not form part of the statutory financial statements 



**47** 

**LOUGHTON ALMSHOUSE CHARITY** 

**DETAILED BALANCE SHEET** 

**AS AT 31 DECEMBER 2023** 

|**FIXED ASSETS**<br>Tangible Fixed Assets – Housing Properties<br>Net Book Value at Beginning of the year<br>Additions at cost<br>Depreciation Charge for the year<br>Gain/(Loss) on Revaluation<br>Net Book Value at end of the year<br>Listed Investments<br>Market Value at Beginning of the year<br>Additions at cost<br>Disposal Proceeds<br>Gain/(Loss) on Revaluation<br>Market Value at end of the year<br>**CURRENT ASSETS**<br>Debtors and Prepayments<br>Contributions in Arrears<br>Other Debtors<br>Legacy East Almshouse Partnership<br>Prepayments and Accrued Income<br>Cash at Bank and in Hand<br>Barclays Current Account<br>COIF Deposit Account<br>**CREDITORS**: Amounts falling due with one year<br>Loans<br>Contributions in Received in Advance<br>Other Creditors<br>Legacy East Almshouse Partnership<br>Accruals and Deferred Income<br>**NET CURRENT ASSETS/(LIABILITIES)**<br>**TOTAL ASSETS LESS CURRENT LIABILITIES**<br>**CREDITORS**: Amounts falling due after more than one year<br>Loans<br>**NET ASSETS**<br>**CAPITAL AND RESERVES**<br>Endowment Funds:<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds:<br>Social Housing Grant Fund<br>Unrestricted Funds:<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund|**2023**<br>**£**<br>**£**<br>**522,827**<br>**-**<br>**-**<br>**24,521**<br>**547,348**<br>**28,621**<br>**18,500**<br>**-**<br>**2,432**<br>**49,553**<br>**596,901**<br>**2,942**<br>**-**<br>**10,826**<br>**851**<br>**14,619**<br>**-**<br>**39,921**<br>**39,921**<br>**54,540**<br>**-**<br>**(576)**<br>**-**<br>**-**<br>**(1,560)**<br>**(2,136)**<br>**52,404**<br>**649,305**<br>**-**<br>**649,305**<br>**-**<br>**15,977**<br>**412,505**<br>**428,482**<br>**118,866**<br>**21,112**<br>**24,115**<br>**56,730**<br>**101,957**<br>**649,305**|**2022**|**2022**|
|---|---|---|---|
|||**£**<br>**£**||
|||||
|||||
|||450,000||
|||-||
|||-||
|||72,827||
|||522,827||
|||||
|||||
|||23,497||
|||5,000||
|||-||
|||124||
|||28,621||
||||551,448|
|||||
|||||
|||1,806||
|||-||
|||9,219||
|||723||
|||11,748||
|||||
|||-||
|||38,245||
|||38,245||
||||49,993|
|||||
|||-||
|||(306)||
|||-||
|||-||
|||(1,434)||
|||(1,740)||
|||||
||||48,253|
|||||
|||599,701||
|||||
|||||
|||-||
|||||
||||599,701|
|||||
|||||
|||||
|||-||
|||15,977||
|||387,984||
|||403,961||
|||||
|||118,866||
|||||
|||17,691||
|||20,943||
|||38,240||
|||76,874||
||||599,701|



This page does not form part of the statutory financial statements 



## **LOUGHTON ALMSHOUSE CHARITY** 

## **RECONCILIATION OF MOVEMENT IN FUNDS FOR THE YEAR ENDED 31 DECEMBER 2023** 

|**Year Ended 31 December 2023**<br>Endowment Funds<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds<br>Social Housing Grant Fund<br>Unrestricted Funds<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund<br>Total Funds<br>**Year Ended 31 December 2022**<br>Endowment Funds<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds<br>Social Housing Grant Fund<br>Unrestricted Funds<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund<br>Total Funds||**Balances**<br>**Brought**<br>**Forward**<br>**£**<br>**-**<br>**15,977**<br>**387,984**|**Income**<br>**£**<br>**-**<br>**-**<br>**-**|**Expenditure**<br>**£**<br>**-**<br>**-**<br>**-**|**Gains/Losses**<br>**on**<br>**Investments**<br>**£**<br>**-**<br>**-**<br>**-**|<br>**Transfer**<br>**Between**<br>**Funds**<br>**£**<br>**-**<br>**-**<br>**-**|<br>**Transfer**<br>**Between**<br>**Funds**<br>**£**<br>**-**<br>**-**<br>**-**|**Gains/Losses**<br>**on**<br>**Revaluation**<br>**Of Housing**<br>**Properties**<br>**£**<br>**-**<br>**-**<br>**24,521**|**Balances**<br>**Carried**<br>**Forward**<br>**£**<br>**-**<br>**15,977**<br>**412,505**|
|---|---|---|---|---|---|---|---|---|---|
|||||||||||
|||**403,961**|**-**|**-**|**-**||**-**|**24,521**|**428,482**|
|||**118,866**|**-**|**-**|**-**||**-**|**-**|**118,866**|
|||**17,691**<br>**20,943**<br>**38,240**|**-**<br>**-**<br> <br>**31,166**<br>|**-**<br>**-**<br> **(8,515)**|**621**<br>**796**<br>**1,015**||**2,800**<br>**2,376**<br>**(5,176)**|**-**<br>**-**<br>**-**|**21,112**<br>**24,115**<br>**56,730**|
|||**76,874**|**31,166**|**(8,515)**|**2,432**||**-**|**-**|**101,957**|
|||||||||||
|||**599,701**|**31,166**|**(8,515)**|**2,432**||**-**|**24,521**|**649,305**|
|||||||||||
|||||||||||
|||-|-|-|-||-|-|-|
|||15,977|-|-|-||-|-|15,977|
|||315,157|-|-|-||-|72,827|387,984|
|||331,134|-|-|-||-|72,827|403,961|
|||||||||||
|||118,866|-|-|-||-|-|118,866|
|||||||||||
|||||||||||
|||14,021|-|-|78||3,592|-|17,691|
|||22,902|-|(4,200)|45||2,196|-|20,943|
|||24,235|28,235<br>|(8,443)|1||(5,788)|-|38,240|
|||61,158|28,235|(12,643)|124||-|-|76,874|
|||||||||||
|||551,158|28,235|(12,643)|124||-|72,827|599,701|



This page does not form part of the statutory financial statements 



**49** 

**LOUGHTON ALMSHOUSE CHARITY** 

## **ANALYSIS OF NET ASSETS BETWEEN FUNDS** 

## **AS AT 31 DECEMBER 2023** 

|Endowment Funds:<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds:<br>Social Housing Grant Fund<br>Unrestricted Funds:<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund||**Fixed Assets**<br>**Freehold**<br>**Property**<br>**Investments**<br>**£**<br>**£**<br>**-**<br>**-**<br>**15,977**<br>**-**<br>**412,505**<br>**-**<br>**118,866**<br>**-**<br>**-**<br>**10,622**<br>**-**<br>**14,636**<br>**-**<br>**24,295**<br>**547,348**<br>**49,553**||**Net Current**<br>**Assets Less**<br>**Long Term**<br>**Loans**<br>**£**<br>**-**<br>**-**<br>**-**<br>**-**<br>**10,490**<br>**9,479**<br>**32,435**<br>**52,404**|**Total**<br>**£**<br>**-**<br>**15,977**<br>**412,505**<br>**118,866**<br>**21,112**<br>**24,115**<br>**56,730**<br>**649,305**|
|---|---|---|---|---|---|



## **Housing Property Reserve** 

The Housing Property Reserve is permanent endowment of the Charity and is represented by the net equity in the housing properties. 

## **Housing Properties Revaluation Reserve** 

This fund is part of the permanent endowment of the Charity and represents the surplus on revaluation of the housing properties. 

## **Social Housing Grant Fund** 

The Social Housing Grant Fund is a restricted fund and represents the grant received of £118,866 in connection with the housing property improvements. 

## **Cyclical Maintenance Fund** 

The Cyclical Maintenance Fund is unrestricted but designated by the Trustees for future cyclical repairs as they arise.   A transfer is made from the General Fund each year being a specific amount as agreed by the Trustees. 

## **Extraordinary Repair Fund** 

The Extraordinary Repair Fund is unrestricted but designated by the Trustees for future major repairs, improvements and rebuilding of the housing properties.  A transfer is made from the General Fund each year being a specific amount as agreed by the Trustees.  The fund is required by the Scheme to be specifically invested with income from these investments added to the Fund. 

## **General Fund** 

The Fund represents accumulated surpluses of the Charity and is available for the general purposes of the Charity. 

This page does not form part of the statutory financial statements 



**50** 

**SPROWSTON WAR MEMORIAL TRUST** 

## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023** 

|**INCOME AND ENDOWMENTS**<br>**CHARITABLE ACTIVITIES**<br>Contributions Due<br>Losses from Voids<br>**INVESTMENT INCOME**<br>M&G Multi Charity Income Share Dividends<br>COIF Income Share Dividends<br>COIF Deposit Account Interest Receivable<br>**TOTAL INCOME**<br>**EXPENDITURE**<br>**CHARITABLE ACTIVITIES**<br>Almshouse Costs<br>Vacant Property Costs<br>Water Charges<br>Light and Heat<br>Insurance<br>Repairs and Renewals<br>Extraordinary Repairs<br>Cyclical Repairs<br>Gardening<br>Cleaning<br>Bad Debts<br>Sundry Expenses<br>Housing Loan Interest<br>Support Costs – Governance<br>Administration Fees<br>Auditor’s Remuneration<br>Trustees’ Expenses<br>Legal and Professional Fees<br>Almshouse Association Subscription<br>**TOTAL EXPENDITURE**<br>**NET INCOME/(EXPENDITURE) BEFORE GAINS AND LOSSES**<br>**NET INVESTMENT GAINS/(LOSSES)**<br>**NET INCOME/(EXPENDITURE)**<br>**OTHER RECOGNISED GAINS/(LOSSES)**<br>Gain/(Loss) on Revaluation of Housing Properties<br>**NET MOVEMENT IN FUNDS**<br>**RECONCILIATION OF FUNDS**<br>Total Funds Brought Forward<br>Total Funds Carried Forward|**2023**<br>**£**<br>**£**<br>**11,462**<br>**-**<br>**11,462**<br>**-**<br>**-**<br>**19**<br>**19**<br>**11,481**<br>**-**<br>**-**<br>**-**<br>**304**<br>**205**<br>**5,784**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**1,544**<br>**7,837**<br>**1,700**<br>**1,320**<br>**230**<br>**-**<br>**-**<br>**3,250**<br>**11,087**<br>**394**<br>**1,620**<br>**2,014**<br>**36,492**<br>**38,506**<br>**203,799**<br>**242,305**|**2022**|**2022**|
|---|---|---|---|
|||**£**<br>**£**||
|||||
|||||
|||||
|||11,105||
|||-||
|||11,105||
|||||
|||||
|||-||
|||-||
|||-||
|||-||
|||||
||||11,105|
|||||
|||||
|||||
|||||
|||||
|||-||
|||-||
|||-||
|||274||
|||1,246||
|||-||
|||-||
|||-||
|||-||
|||-||
|||-||
|||1,840||
|||3,360||
|||||
|||1,600||
|||1,194||
|||-||
|||-||
|||-||
|||2,794||
||||6,154|
|||||
||||4,951|
|||||
|||102||
|||||
||||5,053|
|||||
|||||
|||17,176||
|||||
|||22,229||
|||||
|||||
|||181,570||
||||203,799|



This page does not form part of the statutory financial statements 



**51** 

**SPROWSTON WAR MEMORIAL TRUST** 

## **DETAILED BALANCE SHEET** 

## **AS AT 31 DECEMBER 2023** 

|**FIXED ASSETS**<br>Tangible Fixed Assets – Housing Properties<br>Net Book Value at Beginning of the year<br>Additions at cost<br>Depreciation Charge for the year<br>Gain/(Loss) on Revaluation<br>Net Book Value at end of the year<br>Listed Investments<br>Market Value at Beginning of the year<br>Additions at cost<br>Disposal Proceeds<br>Gain/(Loss) on Revaluation<br>Market Value at end of the year<br>**CURRENT ASSETS**<br>Debtors and Prepayments<br>Contributions in Arrears<br>Other Debtors<br>Legacy East Almshouse Partnership<br>Prepayments and Accrued Income<br>Cash at Bank and in Hand<br>Barclays Current Account<br>COIF Deposit Account<br>**CREDITORS**: Amounts falling due with one year<br>Loans<br>Contributions in Received in Advance<br>Other Creditors<br>Legacy East Almshouse Partnership<br>Accruals and Deferred Income<br>**NET CURRENT ASSETS/(LIABILITIES)**<br>**TOTAL ASSETS LESS CURRENT LIABILITIES**<br>**CREDITORS**: Amounts falling due after more than one year<br>Loans<br>**NET ASSETS**<br>**CAPITAL AND RESERVES**<br>Endowment Funds:<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds:<br>Social Housing Grant Fund<br>Unrestricted Funds:<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund|**2023**<br>**£**<br>**£**<br>**202,844**<br>**-**<br>**-**<br>**36,492**<br>**239,336**<br>**25,753**<br>**3,000**<br>**-**<br>**1,620**<br>**30,373**<br>**269,709**<br>**141**<br>**-**<br>**-**<br>**223**<br>**364**<br>**-**<br>**1,014**<br>**1,014**<br>**1,378**<br>**(2,004)**<br>**-**<br>**-**<br>**(2,172)**<br>**(1,320)**<br>**(5,496)**<br>**(4,118)**<br>**265,591**<br>**(23,286)**<br>**242,305**<br>**-**<br>**112,275**<br>**101,771**<br>**214,046**<br>**-**<br>**6,988**<br>**16,716**<br>**4,555**<br>**28,259**<br>**242,305**|**2022**|**2022**|
|---|---|---|---|
|||**£**<br>**£**||
|||||
|||||
|||185,668||
|||-||
|||-||
|||17,176||
|||202,844||
|||||
|||||
|||20,651||
|||5,000||
|||-||
|||102||
|||25,753||
||||228,597|
|||||
|||||
|||-||
|||-||
|||4,311||
|||140||
|||4,451||
|||||
|||-||
|||-||
|||-||
||||4,451|
|||||
|||(1,867)||
|||(660)||
|||-||
|||-||
|||(1,194)||
|||(3,721)||
|||||
||||730|
|||||
|||229,327||
|||||
|||||
|||(25,528)||
|||||
||||203,799|
|||||
|||||
|||||
|||-||
|||110,170||
|||65,279||
|||175,449||
|||||
|||-||
|||||
|||5,345||
|||14,613||
|||8,392||
|||28,350||
||||203,799|



This page does not form part of the statutory financial statements 



## **SPROWSTON WAR MEMORIAL TRUST** 

## **RECONCILIATION OF MOVEMENT IN FUNDS FOR THE YEAR ENDED 31 DECEMBER 2023** 

|**Year Ended 31 December 2023**<br>Endowment Funds<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds<br>Social Housing Grant Fund<br>Unrestricted Funds<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund<br>Total Funds<br>**Year Ended 31 December 2022**<br>Endowment Funds<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds<br>Social Housing Grant Fund<br>Unrestricted Funds<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund<br>Total Funds||**Balances**<br>**Brought**<br>**Forward**<br>**£**<br>**-**<br>**110,170**<br>**65,279**|**Income**<br>**£**<br>**-**<br>**-**<br>**-**|**Expenditure**<br>**£**<br>**-**<br>**-**<br>**-**|**Gains/Losses**<br>**on**<br>**Investments**<br>**£**<br>**-**<br>**-**<br>**-**|<br>**Transfer**<br>**Between**<br>**Funds**<br>**£**<br>**-**<br>**2,105**<br>**-**|<br>**Transfer**<br>**Between**<br>**Funds**<br>**£**<br>**-**<br>**2,105**<br>**-**|**Gains/Losses**<br>**on**<br>**Revaluation**<br>**Of Housing**<br>**Properties**<br>**£**<br>**-**<br>**-**<br>**36,492**|**Balances**<br>**Carried**<br>**Forward**<br>**£**<br>**-**<br>**112,275**<br>**101,771**|
|---|---|---|---|---|---|---|---|---|---|
|||||||||||
|||**175,449**|**-**|**-**|**-**||**2,105**|**36,492**|**214,046**|
|||**-**|**-**|**-**|**-**||**-**|**-**|**-**|
|||**5,345**<br>**14,613**<br>**8,392**|**-**<br>**-**<br>**11,481**|**-**<br>**-**<br>**(11,087)**|**243**<br>**915**<br>**462**||**1,400**<br>**1,188**<br>**(4,693)**|**-**<br>**-**<br>**-**|**6,988**<br>**16,716**<br>**4,555**|
|||**28,350**|**11,481**|**(11,087)**|**1,620**||**(2,105)**|**-**|**28,259**|
|||||||||||
|||**203,799**|**11,481**|**(11,087)**|**1,620**||**-**|**36,492**|**242,305**|
|||||||||||
|||||||||||
|||-|-|-|-||-|-|-|
|||108,361|-|-|-||1,809|-|110,170|
|||48,103|-|-|-||-|17,176|65,279|
|||156,464|-|-|-||1,809|17,176|175,449|
|||||||||||
|||-|-|-|-||-|-|-|
|||||||||||
|||||||||||
|||3,557|-|-|(8)||1,796|-|5,345|
|||13,422|-|-|93||1,098|-|14,613|
|||8,127|11,105|(6,154)|17||(4,703)|-|8,392|
|||25,106|11,105|(6,154)|102||(1,809)|-|28,350|
|||||||||||
|||181,570|11,105|(6,154)|102||-|17,176|203,799|



This page does not form part of the statutory financial statements 



**53** 

**SPROWSTON WAR MEMORIAL TRUST** 

## **ANALYSIS OF NET ASSETS BETWEEN FUNDS** 

## **AS AT 31 DECEMBER 2023** 

|Endowment Funds:<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds:<br>Social Housing Grant Fund<br>Unrestricted Funds:<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund||**Fixed Assets**<br>**Freehold**<br>**Property**<br>**Investments**<br>**£**<br>**£**<br>**-**<br>**-**<br>**137,565**<br>**-**<br>**101,771**<br>**-**<br>**-**<br>**-**<br>**-**<br>**4,266**<br>**-**<br>**16,716**<br>**-**<br>**9,391**<br>**239,336**<br>**30,373**||**Net Current**<br>**Assets Less**<br>**Long Term**<br>**Loans**<br>**£**<br>**-**<br>**(25,290)**<br>**-**<br>**-**<br>**2,722**<br>**-**<br>**(4,836)**<br>**(27,404)**|**Total**<br>**£**<br>**-**<br>**112,275**<br>**101,771**<br>**-**<br>**6,988**<br>**16,716**<br>**4,555**<br>**242,305**|
|---|---|---|---|---|---|



## **Housing Property Reserve** 

The Housing Property Reserve is permanent endowment of the Charity and is represented by the net equity in the housing properties. 

## **Housing Properties Revaluation Reserve** 

This fund is part of the permanent endowment of the Charity and represents the surplus on revaluation of the housing properties. 

## **Cyclical Maintenance Fund** 

The Cyclical Maintenance Fund is unrestricted but designated by the Trustees for future cyclical repairs as they arise.   A transfer is made from the General Fund each year being a specific amount as agreed by the Trustees. 

## **Extraordinary Repair Fund** 

The Extraordinary Repair Fund is unrestricted but designated by the Trustees for future major repairs, improvements and rebuilding of the housing properties.  A transfer is made from the General Fund each year being a specific amount as agreed by the Trustees.  The fund is required by the Scheme to be specifically invested with income from these investments added to the Fund. 

## **General Fund** 

The Fund represents accumulated surpluses of the Charity and is available for the general purposes of the Charity. 

This page does not form part of the statutory financial statements 



**54** 

**JOHN GILDERS & MASKELL ALMSHOUSE CHARITY** 

## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES** 

## **FOR THE YEAR ENDED 31 DECEMBER 2023** 

|**INCOME AND ENDOWMENTS**<br>**CHARITABLE ACTIVITIES**<br>Contributions Due<br>Losses from Voids<br>**INVESTMENT INCOME**<br>M&G Multi Charity Income Share Dividends<br>COIF Income Share Dividends<br>COIF Deposit Account Interest Receivable<br>**TOTAL INCOME**<br>**EXPENDITURE**<br>**CHARITABLE ACTIVITIES**<br>Almshouse Costs<br>Vacant Property Costs<br>Water Charges<br>Light and Heat<br>Insurance<br>Repairs and Renewals<br>Extraordinary Repairs<br>Cyclical Repairs<br>Gardening<br>Cleaning<br>Bad Debts<br>Sundry Expenses<br>Housing Loan Interest<br>Support Costs – Governance<br>Administration Fees<br>Auditor’s Remuneration<br>Trustees‘ Expenses<br>Legal and Professional Fees<br>Almshouse Association Subscription<br>**TOTAL EXPENDITURE**<br>**NET INCOME/(EXPENDITURE) BEFORE GAINS AND LOSSES**<br>**NET INVESTMENT GAINS/(LOSSES)**<br>**NET INCOME/(EXPENDITURE)**<br>**OTHER RECOGNISED GAINS/(LOSSES)**<br>Gain/(Loss) on Revaluation of Housing Properties<br>**NET MOVEMENT IN FUNDS**<br>**RECONCILIATION OF FUNDS**<br>Total Funds Brought Forward<br>Total Funds Carried Forward|**2023**<br>**£**<br>**£**<br>**24,675**<br>**-**<br>**24,675**<br>**-**<br>**14**<br>**616**<br>**630**<br>**25,305**<br>**-**<br>**-**<br>**-**<br>**670**<br>**3,136**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**23**<br>**-**<br>**3,829**<br>**3,400**<br>**1,560**<br>**-**<br>**-**<br>**-**<br>**4,960**<br>**8,789**<br>**16,516**<br>**13,179**<br>**29,695**<br>**89,665**<br>**119,360**<br>**647,476**<br>**766,836**|**2022**|**2022**|
|---|---|---|---|
|||**£**<br>**£**||
|||||
|||||
|||||
|||23,213||
|||-||
|||23,213||
|||||
|||||
|||-||
|||4||
|||122||
|||126||
|||||
||||23,339|
|||||
|||||
|||||
|||||
|||||
|||-||
|||-||
|||-||
|||599||
|||3,672||
|||-||
|||-||
|||-||
|||-||
|||-||
|||31||
|||-||
|||4,302||
|||||
|||3,200||
|||1,434||
|||-||
|||-||
|||-||
|||4,634||
||||8,936|
|||||
||||14,403|
|||||
|||(7,946)||
|||||
||||6,457|
|||||
|||||
|||42,201||
|||||
|||48,658||
|||||
|||||
|||598,818||
||||647,476|



This page does not form part of the statutory financial statements 



**55** 

**JOHN GILDERS & MASKELL ALMSHOUSE CHARITY** 

**DETAILED BALANCE SHEET** 

## **AS AT 31 DECEMBER 2023** 

|**FIXED ASSETS**<br>Tangible Fixed Assets – Housing Properties<br>Net Book Value at Beginning of the year<br>Additions at cost<br>Depreciation Charge for the year<br>Gain/(Loss) on Revaluation<br>Net Book Value at end of the year<br>Listed Investments<br>Market Value at Beginning of the year<br>Additions at cost<br>Disposal Proceeds<br>Gain/(Loss) on Revaluation<br>Market Value at end of the year<br>**CURRENT ASSETS**<br>Debtors and Prepayments<br>Contributions in Arrears<br>Other Debtors<br>Legacy East Almshouse Partnership<br>Prepayments and Accrued Income<br>Cash at Bank and in Hand<br>Barclays Current Account<br>COIF Deposit Account<br>**CREDITORS**: Amounts falling due with one year<br>Loans<br>Contributions in Received in Advance<br>Other Creditors<br>Legacy East Almshouse Partnership<br>Accruals and Deferred Income<br>**NET CURRENT ASSETS/(LIABILITIES)**<br>**TOTAL ASSETS LESS CURRENT LIABILITIES**<br>**CREDITORS**: Amounts falling due after more than one year<br>Loans<br>**NET ASSETS**<br>**CAPITAL AND RESERVES**<br>Endowment Funds:<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds:<br>Social Housing Grant Fund<br>Unrestricted Funds:<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund|**2023**<br>**£**<br>**£**<br>**498,418**<br>**-**<br>**-**<br>**89,665**<br>**588,083**<br>**125,513**<br>**15,000**<br>**-**<br>**13,179**<br>**153,692**<br>**741,775**<br>**1,116**<br>**-**<br>**3,825**<br>**502**<br>**5,443**<br>**-**<br>**21,427**<br>**21,427**<br>**26,870**<br>**-**<br>**(249)**<br>**-**<br>**-**<br>**(1,560)**<br>**(1,809)**<br>**25,061**<br>**766,836**<br>**-**<br>**766,836**<br>**-**<br>**35,809**<br>**522,544**<br>**558,353**<br>**29,730**<br>**40,969**<br>**64,771**<br>**73,013**<br>**178,753**<br>**766,836**|**2022**|**2022**|
|---|---|---|---|
|||**£**<br>**£**||
|||||
|||||
|||456,217||
|||-||
|||-||
|||42,201||
|||498,418||
|||||
|||||
|||133,459||
|||-||
|||-||
|||(7,946)||
|||125,513||
||||623,931|
|||||
|||||
|||1,074||
|||-||
|||13,326||
|||336||
|||14,736||
|||||
|||-||
|||10,875||
|||10,875||
||||25,611|
|||||
|||-||
|||(632)||
|||-||
|||-||
|||(1,434)||
|||(2,066)||
|||||
||||23,545|
|||||
|||647,476||
|||||
|||||
|||-||
|||||
||||647,476|
|||||
|||||
|||||
|||-||
|||35,809||
|||432,879||
|||468,688||
|||||
|||29,730||
|||||
|||34,574||
|||57,298||
|||57,186||
|||149,058||
||||647,476|



This page does not form part of the statutory financial statements 



## **JOHN GILDERS & MASKELL ALMSHOUSE CHARITY** 

## **RECONCILIATION OF MOVEMENT IN FUNDS FOR THE YEAR ENDED 31 DECEMBER 2023** 

|**Year Ended 31 December 2023**<br>Endowment Funds<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds<br>Social Housing Grant Fund<br>Unrestricted Funds<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund<br>Total Funds<br>**Year Ended 31 December 2022**<br>Endowment Funds<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds<br>Social Housing Grant Fund<br>Unrestricted Funds<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund<br>Total Funds||**Balances**<br>**Brought**<br>**Forward**<br>**£**<br>**-**<br>**35,809**<br>**432,879**|**Income**<br>**£**<br>**-**<br>**-**<br>**-**|**Expenditure**<br>**£**<br>**-**<br>**-**<br>**-**|**Gains/Losses**<br>**on**<br>**Investments**<br>**£**<br>**-**<br>**-**<br>**-**|<br>**Transfer**<br>**Between**<br>**Funds**<br>**£**<br>**-**<br>**-**<br>**-**|<br>**Transfer**<br>**Between**<br>**Funds**<br>**£**<br>**-**<br>**-**<br>**-**|**Gains/Losses**<br>**on**<br>**Revaluation**<br>**Of Housing**<br>**Properties**<br>**£**<br>**-**<br>**-**<br>**89,665**|**Balances**<br>**Carried**<br>**Forward**<br>**£**<br>**-**<br>**35,809**<br>**522,544**|
|---|---|---|---|---|---|---|---|---|---|
|||||||||||
|||**468,688**|**-**|**-**|**-**||**-**|**89,665**|**558,353**|
|||**29,730**|**-**|**-**|**-**||**-**|**-**|**29,730**|
|||**34,574**<br>**57,298**<br>**57,186**|**-**<br>**-**<br>**25,305**|**-**<br>**-**<br>**(8,789)**|**3,595**<br>**5,097**<br>**4,487**||**2,800**<br>**2,376**<br>**(5,176)**|**-**<br>**-**<br>**-**|**40,969**<br>**64,771**<br>**73,013**|
|||**149,058**|**25,305**|**(8,789)**|**13,179**||**-**|**-**|**178,753**|
|||||||||||
|||**647,476**|**35,305**|**(8,789)**|**13,179**||**-**|**89,665**|**766,836**|
|||||||||||
|||||||||||
|||-|-|-|-||-|-|-|
|||35,809|-|-|-||-|-|35,809|
|||390,678|-|-|-||-|42,201|432,879|
|||426,487|-|-|-||-|42,201|468,688|
|||||||||||
|||29,730|-|-|-||-|-|29,730|
|||||||||||
|||||||||||
|||33,646|-|-|(2,664)||3,592|-|34,574|
|||57,508|-|-|(2,406)||2,196|-|57,298|
|||51,447|23,339|(8,936)|(2,876)||(5,788)|-|57,186|
|||142,601|23,339|(8,936)|(7,946)||-|-|149,058|
|||||||||||
|||598,818|23,339|(8,936)|(7,946)||-|42,201|647,476|



This page does not form part of the statutory financial statements 



**57** 

**JOHN GILDERS & MASKELL ALMSHOUSE CHARITY** 

## **ANALYSIS OF NET ASSETS BETWEEN FUNDS** 

## **AS AT 31 DECEMBER 2023** 

|Endowment Funds:<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds:<br>Social Housing Grant Fund<br>Unrestricted Funds:<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund||**Fixed Assets**<br>**Freehold**<br>**Property**<br>**Investments**<br>**£**<br>**£**<br>**-**<br>**-**<br>**35,809**<br>**-**<br>**522,544**<br>**-**<br>**29,730**<br>**-**<br>**-**<br>**34,577**<br>**-**<br>**62,575**<br>**-**<br>**56,540**<br>**588,083**<br>**153,692**||**Net Current**<br>**Assets Less**<br>**Long Term**<br>**Loans**<br>**£**<br>**-**<br>**-**<br>**-**<br>**-**<br>**6,392**<br>**2,196**<br>**16,473**<br>**25,061**|**Total**<br>**£**<br>**-**<br>**35,809**<br>**522,544**<br>**29,730**<br>**40,969**<br>**64,771**<br>**73,013**<br>**766,836**|
|---|---|---|---|---|---|



## **Housing Property Reserve** 

The Housing Property Reserve is permanent endowment of the Charity and is represented by the net equity in the housing properties. 

## **Housing Properties Revaluation Reserve** 

This fund is part of the permanent endowment of the Charity and represents the surplus on revaluation of the housing properties. 

## **Social Housing Grant Fund** 

The Social Housing Grant Fund is a restricted fund and represents the grant received of £29,730 in connection with the housing property improvements. 

## **Cyclical Maintenance Fund** 

The Cyclical Maintenance Fund is unrestricted but designated by the Trustees for future cyclical repairs as they arise.   A transfer is made from the General Fund each year being a specific amount as agreed by the Trustees. 

## **Extraordinary Repair Fund** 

The Extraordinary Repair Fund is unrestricted but designated by the Trustees for future major repairs, improvements and rebuilding of the housing properties.  A transfer is made from the General Fund each year being a specific amount as agreed by the Trustees.  The fund is required by the Scheme to be specifically invested with income from these investments added to the Fund. 

## **General Fund** 

The Fund represents accumulated surpluses of the Charity and is available for the general purposes of the Charity. 

This page does not form part of the statutory financial statements 



**58** 

**SPRINGFIELD GREEN ALMSHOUSES** 

## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023** 

|**INCOME AND ENDOWMENTS**<br>**CHARITABLE ACTIVITIES**<br>Contributions Due<br>Losses from Voids<br>**INVESTMENT INCOME**<br>M&G Multi Charity Income Share Dividends<br>COIF Income Share Dividends<br>COIF Deposit Account Interest Receivable<br>**TOTAL INCOME**<br>**EXPENDITURE**<br>**CHARITABLE ACTIVITIES**<br>Almshouse Costs<br>Vacant Property Costs<br>Water Charges<br>Light and Heat<br>Insurance<br>Repairs and Renewals<br>Extraordinary Repairs<br>Cyclical Repairs<br>Gardening<br>Cleaning<br>Bad Debts<br>Sundry Expenses<br>Housing Loan Interest<br>Support Costs – Governance<br>Administration Fees<br>Auditor’s Remuneration<br>Trustees’ Expenses<br>Legal and Professional Fees<br>Almshouse Association Subscription<br>**TOTAL EXPENDITURE**<br>**NET INCOME/(EXPENDITURE) BEFORE GAINS AND LOSSES**<br>**NET INVESTMENT GAINS/(LOSSES)**<br>**NET INCOME/(EXPENDITURE)**<br>**OTHER RECOGNISED GAINS/(LOSSES)**<br>Gain/(Loss) on Revaluation of Housing Properties<br>**NET MOVEMENT IN FUNDS**<br>**RECONCILIATION OF FUNDS**<br>Total Funds Brought Forward<br>Total Funds Carried Forward|**2023**<br>**£**<br>**£**<br>**14,948**<br>**(214)**<br>**14,734**<br>**-**<br>**331**<br>**1,081**<br>**1,412**<br>**16,146**<br>**-**<br>**162**<br>**-**<br>**559**<br>**3,034**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**3,755**<br>**1,700**<br>**1,320**<br>**-**<br>**-**<br>**-**<br>**3,020**<br>**6,775**<br>**9,371**<br>**3,265**<br>**12,636**<br>**58,396**<br>**71,032**<br>**384,262**<br>**455,294**|**2022**|**2022**|
|---|---|---|---|
|||**£**<br>**£**||
|||||
|||||
|||||
|||13,912||
|||-||
|||13,912||
|||||
|||||
|||-||
|||330||
|||271||
|||601||
|||||
||||14,513|
|||||
|||||
|||||
|||||
|||||
|||-||
|||151||
|||-||
|||499||
|||1,649||
|||-||
|||-||
|||-||
|||-||
|||-||
|||75||
|||1,109||
|||3,483||
|||||
|||1,600||
|||1,194||
|||-||
|||-||
|||-||
|||2,794||
||||6,277|
|||||
||||8,236|
|||||
|||(1,171)||
|||||
||||7,065|
|||||
|||||
|||27,484||
|||||
|||34,549||
|||||
|||||
|||349,713||
||||384,262|



This page does not form part of the statutory financial statements 



**59** 

**SPRINGFIELD GREEN ALMSHOUSES** 

**DETAILED BALANCE SHEET** 

## **AS AT 31 DECEMBER 2023** 

|**FIXED ASSETS**<br>Tangible Fixed Assets – Housing Properties<br>Net Book Value at Beginning of the year<br>Additions at cost<br>Depreciation Charge for the year<br>Gain/(Loss) on Revaluation<br>Net Book Value at end of the year<br>Listed Investments<br>Market Value at Beginning of the year<br>Additions at cost<br>Disposal Proceeds<br>Gain/(Loss) on Revaluation<br>Market Value at end of the year<br>**CURRENT ASSETS**<br>Debtors and Prepayments<br>Contributions in Arrears<br>Other Debtors<br>Legacy East Almshouse Partnership<br>Prepayments and Accrued Income<br>Cash at Bank and in Hand<br>Barclays Current Account<br>COIF Deposit Account<br>**CREDITORS**: Amounts falling due with one year<br>Loans<br>Contributions in Received in Advance<br>Other Creditors<br>Legacy East Almshouse Partnership<br>Accruals and Deferred Income<br>**NET CURRENT ASSETS/(LIABILITIES)**<br>**TOTAL ASSETS LESS CURRENT LIABILITIES**<br>**CREDITORS**: Amounts falling due after more than one year<br>Loans<br>**NET ASSETS**<br>**CAPITAL AND RESERVES**<br>Endowment Funds:<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds:<br>Social Housing Grant Fund<br>Unrestricted Funds:<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund|**2023**<br>**£**<br>**£**<br>**324,599**<br>**-**<br>**-**<br>**58,396**<br>**382,995**<br>**47,280**<br>**-**<br>**-**<br>**3,265**<br>**50,545**<br>**433,540**<br>**-**<br>**-**<br>**-**<br>**459**<br>**459**<br>**-**<br>**24,661**<br>**24,661**<br>**25,120**<br>**-**<br>**(376)**<br>**(91)**<br>**(1,579)**<br>**(1,320)**<br>**(3,366)**<br>**21,754**<br>**455,294**<br>**-**<br>**455,294**<br>**17,801**<br>**101,261**<br>**281,734**<br>**400,796**<br>**-**<br>**12,623**<br>**16,976**<br>**24,899**<br>**54,498**<br>**455,294**|**2022**|**2022**|
|---|---|---|---|
|||**£**<br>**£**||
|||||
|||||
|||297,115||
|||-||
|||-||
|||27,484||
|||324,599||
|||||
|||||
|||48,451||
|||-||
|||-||
|||(1,171)||
|||47,280||
||||371,879|
|||||
|||||
|||2||
|||-||
|||-||
|||316||
|||318||
|||||
|||-||
|||23,626||
|||23,626||
||||23,944|
|||||
|||-||
|||(211)||
|||(86)||
|||(10,070)||
|||(1,194)||
|||(11,561)||
|||||
||||12,383|
|||||
|||384,262||
|||||
|||||
|||-||
|||||
||||384,262|
|||||
|||||
|||||
|||16,450||
|||101,261||
|||223,338||
|||341,049||
|||||
|||-||
|||||
|||11,223||
|||14,929||
|||17,061||
|||43,213||
||||384,262|



This page does not form part of the statutory financial statements 



## **SPRINGFIELD GREEN ALMSHOUSES** 

## **RECONCILIATION OF MOVEMENT IN FUNDS FOR THE YEAR ENDED 31 DECEMBER 2023** 

|**Year Ended 31 December 2023**<br>Endowment Funds<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds<br>Social Housing Grant Fund<br>Unrestricted Funds<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund<br>Total Funds<br>**Year Ended 31 December 2022**<br>Endowment Funds<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds<br>Social Housing Grant Fund<br>Unrestricted Funds<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund<br>Total Funds||**Balances**<br>**Brought**<br>**Forward**<br>**£**<br>**16,450**<br>**101,261**<br>**223,338**|**Income**<br>**£**<br>**-**<br>**-**<br>**-**|**Expenditure**<br>**£**<br>**-**<br>**-**<br>**-**|**Gains/Losses**<br>**on**<br>**Investments**<br>**£**<br>**1,351**<br>**-**<br>**-**|<br>**Transfer**<br>**Between**<br>**Funds**<br>**£**<br>**-**<br>**-**<br>**-**|<br>**Transfer**<br>**Between**<br>**Funds**<br>**£**<br>**-**<br>**-**<br>**-**|**Gains/Losses**<br>**on**<br>**Revaluation**<br>**Of Housing**<br>**Properties**<br>**£**<br>**-**<br>**-**<br>**58,396**|**Balances**<br>**Carried**<br>**Forward**<br>**£**<br>**17,801**<br>**101,261**<br>**281,734**|
|---|---|---|---|---|---|---|---|---|---|
|||||||||||
|||**341,049**|**-**|**-**|**1,351**||**-**|**58,396**|**400,796**|
|||**-**|**-**|**-**|**-**||**-**|**-**|**-**|
|||**11,223**<br>**14,929**<br>**17,061**|**-**<br>**-**<br>**16,146**|**-**<br>**-**<br>**(6,775)**|**-**<br>**859**<br>**1,055**||**1,400**<br>**1,188**<br>**(2,588)**|**-**<br>**-**<br>**-**|**12,623**<br>**16,976**<br>**24,899**|
|||**43,213**|**16,146**|**(6,775)**|**1,914**<br>||**-**|**-**|**54,498**|
|||||||||||
|||**384,262**|**16,146**|**(6,775)**|**3,265**||**-**|**58,396**|**455,294**|
|||||||||||
|||||||||||
|||17,863|-|-|(1,413)||-|-|16,450|
|||82,328|-|-|-||18,933|-|101,261|
|||195,854|-|-|-||-|27,484|223,338|
|||296,045|-|-|(1,413)||18,933|27,484|341,049|
|||||||||||
|||-|-|-|-||-|-|-|
|||||||||||
|||||||||||
|||9,427|-|-|-||1,796|-|11,223|
|||13,723|-|-|108||1,098|-|14,929|
|||30,518|14,513|(6,277)|134||(21,827)|-|17,061|
|||53,668|14,513|(6,277)|242||(18,933)|-|43,213|
|||||||||||
|||349,713|14,513|(6,277)|(1,171)||-|27,484|384,262|



This page does not form part of the statutory financial statements 



**61** 

**SPRINGFIELD GREEN ALMSHOUSES** 

## **ANALYSIS OF NET ASSETS BETWEEN FUNDS** 

## **AS AT 31 DECEMBER 2023** 

|Endowment Funds:<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds:<br>Social Housing Grant Fund<br>Unrestricted Funds:<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund||**Fixed Assets**<br>**Freehold**<br>**Property**<br>**Investments**<br>**£**<br>**£**<br>**-**<br>**17,801**<br>**101,261**<br>**-**<br>**281,734**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**14,690**<br>**-**<br>**18,054**<br>**382,995**<br>**50,545**||**Net Current**<br>**Assets Less**<br>**Long Term**<br>**Loans**<br>**£**<br>**-**<br>**-**<br>**-**<br>**-**<br>**12,623**<br>**2,286**<br>**6,845**<br>**21,754**|**Total**<br>**£**<br>**17,801**<br>**101,261**<br>**281,734**<br>**-**<br>**12,623**<br>**16,976**<br>**24,899**<br>**455,294**|
|---|---|---|---|---|---|



## **Permanent Endowment Fund** 

The Permanent Endowment Fund is permanent endowment of the Charity with the fund balance being specifically invested.  Income from these investments is available for the general purposes of the Charity. 

## **Housing Property Reserve** 

The Housing Property Reserve is permanent endowment of the Charity and is represented by the net equity in the housing properties. 

## **Housing Properties Revaluation Reserve** 

This fund is part of the permanent endowment of the Charity and represents the surplus on revaluation of the housing properties. 

## **Cyclical Maintenance Fund** 

The Cyclical Maintenance Fund is unrestricted but designated by the Trustees for future cyclical repairs as they arise.   A transfer is made from the General Fund each year being a specific amount as agreed by the Trustees. 

## **Extraordinary Repair Fund** 

The Extraordinary Repair Fund is unrestricted but designated by the Trustees for future major repairs, improvements and rebuilding of the housing properties.  A transfer is made from the General Fund each year being a specific amount as agreed by the Trustees.  The fund is required by the Scheme to be specifically invested with income from these investments added to the Fund. 

## **General Fund** 

The Fund represents accumulated surpluses of the Charity and is available for the general purposes of the Charity. 

This page does not form part of the statutory financial statements 



**62** 

**WRITTLE ALMSHOUSE CHARITY** 

## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023** 

|**INCOME AND ENDOWMENTS**<br>**CHARITABLE ACTIVITIES**<br>Contributions Due<br>Losses from Voids<br>**INVESTMENT INCOME**<br>M&G Multi Charity Income Share Dividends<br>COIF Income Share Dividends<br>COIF Deposit Account Interest Receivable<br>**TOTAL INCOME**<br>**EXPENDITURE**<br>**CHARITABLE ACTIVITIES**<br>Almshouse Costs<br>Vacant Property Costs<br>Water Charges<br>Light and Heat<br>Insurance<br>Repairs and Renewals<br>Extraordinary Repairs<br>Cyclical Repairs<br>Gardening<br>Cleaning<br>Bad Debts<br>Sundry Expenses<br>Housing Loan Interest<br>Support Costs – Governance<br>Administration Fees<br>Auditor’s Remuneration<br>Trustees’ Expenses<br>Legal and Professional Fees<br>Almshouse Association Subscription<br>**TOTAL EXPENDITURE**<br>**NET INCOME/(EXPENDITURE) BEFORE GAINS AND LOSSES**<br>**NET INVESTMENT GAINS/(LOSSES)**<br>**NET INCOME/(EXPENDITURE)**<br>**OTHER RECOGNISED GAINS/(LOSSES)**<br>Gain/(Loss) on Revaluation of Housing Properties<br>**NET MOVEMENT IN FUNDS**<br>**RECONCILIATION OF FUNDS**<br>Total Funds Brought Forward<br>Total Funds Carried Forward|**2023**<br>**£**<br>**£**<br>**17,146**<br>**-**<br>**17,146**<br>**-**<br>**-**<br>**1,669**<br>**1,669**<br>**18,815**<br>**-**<br>**-**<br>**4,814**<br>**510**<br>**2,283**<br>**-**<br>**-**<br>**1,380**<br>**-**<br>**-**<br>**-**<br>**-**|**2023**<br>**£**<br>**£**<br>**17,146**<br>**-**<br>**17,146**<br>**-**<br>**-**<br>**1,669**<br>**1,669**<br>**18,815**<br>**-**<br>**-**<br>**4,814**<br>**510**<br>**2,283**<br>**-**<br>**-**<br>**1,380**<br>**-**<br>**-**<br>**-**<br>**-**|**2022**|**2022**|**2022**|
|---|---|---|---|---|---|
||||**£**<br>**£**|||
|||||||
|||||||
|||||||
||||15,369|||
||||-|||
||||15,369|||
|||||||
|||||||
||||-|||
||||-|||
||||424|||
||||424|||
|||||||
|||||15,793||
|||||||
|||||||
|||||||
|||||||
|||||||
||||-|||
||||-|||
||||1,653|||
||||465|||
||||2,059|||
||||-|||
||||-|||
||||1,780|||
||||-|||
||||-|||
||||75|||
||||-|||
||**2,550**<br>**1,440**<br>**-**<br>**-**<br>**-**|**8,987**<br>**3,990**<br>**12,977**<br>**5,838**<br>**623**<br>**6,461**<br>**17,819**<br>**24,280**<br>**428,635**<br>**452,915**|6,032|||
|||||||
||||2,400|||
||||1,320|||
||||-|||
||||-|||
||||-|||
||||3,720|||
|||||9,752||
|||||||
|||||6,041||
|||||||
||||77|||
|||||||
|||||6,118||
|||||||
|||||||
||||60,041|||
|||||||
||||66,159|||
|||||||
|||||||
||||362,476|||
||||||428,635|



This page does not form part of the statutory financial statements 



**63** 

**WRITTLE ALMSHOUSE CHARITY** 

**DETAILED BALANCE SHEET** 

**AS AT 31 DECEMBER 2023** 

|**FIXED ASSETS**<br>Tangible Fixed Assets – Housing Properties<br>Net Book Value at Beginning of the year<br>Additions at cost<br>Depreciation Charge for the year<br>Gain/(loss) on Revaluation<br>Net Book Value at end of the year<br>Listed Investments<br>Market Value at Beginning of the year<br>Additions at cost<br>Disposal Proceeds<br>Gain/(Loss) on Revaluation<br>Market Value at end of the year<br>**CURRENT ASSETS**<br>Debtors and Prepayments<br>Contributions in Arrears<br>Other Debtors<br>Legacy East Almshouse Partnership<br>Prepayments and Accrued Income<br>Cash at Bank and in Hand<br>Barclays Current Account<br>COIF Deposit Account<br>**CREDITORS**: Amounts falling due with one year<br>Loans<br>Contributions in Received in Advance<br>Other Creditors<br>Legacy East Almshouse Partnership<br>Accruals and Deferred Income<br>**NET CURRENT ASSETS/(LIABILITIES)**<br>**TOTAL ASSETS LESS CURRENT LIABILITIES**<br>**CREDITORS**: Amounts falling due after more than one year<br>Loans<br>**NET ASSETS**<br>**CAPITAL AND RESERVES**<br>Endowment Funds:<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds:<br>Social Housing Grant Fund<br>Unrestricted Funds:<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund|**2023**<br>**£**<br>**£**<br>**379,918**<br>**-**<br>**-**<br>**17,819**<br>**397,737**<br>**9,799**<br>**2,000**<br>**-**<br>**623**<br>**12,422**<br>**410,159**<br>**598**<br>**-**<br>**6,192**<br>**744**<br>**7,534**<br>**-**<br>**38,072**<br>**38,072**<br>**45,606**<br>**-**<br>**(796)**<br>**-**<br>**-**<br>**(2,054)**<br>**(2,850)**<br>**42,756**<br>**452,915**<br>**-**<br>**452,915**<br>**-**<br>**56,368**<br>**341,369**<br>**397,737**<br>**-**<br>**11,657**<br>**19,922**<br>**23,599**<br>**55,178**<br>**452,915**|**2022**|**2022**|
|---|---|---|---|
|||**£**<br>**£**||
|||||
|||||
|||319,877||
|||-||
|||-||
|||60,041||
|||379,918||
|||||
|||9,722||
|||-||
|||-||
|||77||
|||9,799||
||||389,717|
|||||
|||||
|||563||
|||-||
|||3,584||
|||594||
|||4,741||
|||||
|||-||
|||36,474||
|||36,474||
||||41,215|
|||||
|||-||
|||(796)||
|||-||
|||-||
|||(1,501)||
|||(2,297)||
|||||
||||38,918|
|||||
|||428,635||
|||||
|||||
|||-||
|||||
||||428,635|
|||||
|||||
|||||
|||-||
|||56,368||
|||323,550||
|||379,918||
|||||
|||-||
|||||
|||9,557||
|||17,897||
|||21,263||
|||48,717||
||||428,635|



This page does not form part of the statutory financial statements 



## **WRITTLE ALMSHOUSE CHARITY** 

## **RECONCILIATION OF MOVEMENT IN FUNDS FOR THE YEAR ENDED 31 DECEMBER 2023** 

|**Year Ended 31 December 2023**<br>Endowment Funds<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds<br>Social Housing Grant Fund<br>Unrestricted Funds<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund<br>Total Funds<br>**Year Ended 31 December 2022**<br>Endowment Funds<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds<br>Social Housing Grant Fund<br>Unrestricted Funds<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund<br>Total Funds||**Balances**<br>**Brought**<br>**Forward**<br>**£**<br>**-**<br>**56,368**<br>**323,550**|**Income**<br>**£**<br>**-**<br>**-**<br>**-**|**Expenditure**<br>**£**<br>**-**<br>**-**<br>**-**|**Gains/Losses**<br>**on**<br>**Investments**<br>**£**<br>**-**<br>**-**<br>**-**|<br>**Transfer**<br>**Between**<br>**Funds**<br>**£**<br>**-**<br>**-**<br>**-**|<br>**Transfer**<br>**Between**<br>**Funds**<br>**£**<br>**-**<br>**-**<br>**-**|**Gains/Losses**<br>**on**<br>**Revaluation**<br>**Of Housing**<br>**Properties**<br>**£**<br>**-**<br>**-**<br>**17,819**|**Balances**<br>**Carried**<br>**Forward**<br>**£**<br>**-**<br>**56,368**<br>**341,369**|
|---|---|---|---|---|---|---|---|---|---|
|||||||||||
|||**379,918**|**-**|**-**|**-**||**-**|**17,819**|**397,737**|
|||**-**|**-**|**-**|**-**||**-**|**-**|**-**|
|||**9,557**<br>**17,897**<br>**21,263**|**-**<br>**-**<br>**18,815**|**-**<br>**-**<br>**(12,977)**|**-**<br>**243**<br>**380**||**2,100**<br>**1,782**<br>**(3,882)**|**-**<br>**-**<br>**-**|**11,657**<br>**19,922**<br>**23,599**|
|||**48,717**|**18,815**|**(12,977)**|**623**||**-**|**-**|**55,178**|
|||||||||||
|||**428,635**|**18,815**|**(12,977)**|**623**||**-**|**17,819**|**452,915**|
|||||||||||
|||||||||||
|||-|-|-|-||-|-|-|
|||56,368|-|-|-||-|-|56,368|
|||263,509|-|-|-||-|60,041|323,550|
|||319,877|-|-|-||-|60,041|379,918|
|||||||||||
|||-|-|-|-||-|-|-|
|||||||||||
|||||||||||
|||6,863|-|-|-||2,694|-|9,557|
|||16,221|-|-|29||1,647|-|17,897|
|||19,515|15,793|(9,752)|48||(4,341)|-|21,263|
|||42,599|15,793|(9,752)|77||-|-|48,717|
|||||||||||
|||362,476|15,793|(9,752)|77||-|60,041|428,635|



This page does not form part of the statutory financial statements 



**65** 

**WRITTLE ALMSHOUSE CHARITY** 

## **ANALYSIS OF NET ASSETS BETWEEN FUNDS** 

## **AS AT 31 DECEMBER 2023** 

|Endowment Funds:<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds:<br>Social Housing Grant Fund<br>Unrestricted Funds:<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund||**Fixed Assets**<br>**Freehold**<br>**Property**<br>**Investments**<br>**£**<br>**£**<br>**-**<br>**-**<br>**56,368**<br>**-**<br>**341,369**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**5,739**<br>**-**<br>**6,683**<br>**397,737**<br>**12,422**||**Net Current**<br>**Assets Less**<br>**Long Term**<br>**Loans**<br>**£**<br>**-**<br>**-**<br>**-**<br>**-**<br>**11,657**<br>**14,183**<br>**16,916**<br>**42,756**|**Total**<br>**£**<br>**-**<br>**56,368**<br>**341,369**<br>**-**<br>**11,657**<br>**19,922**<br>**23,599**<br>**452,915**|
|---|---|---|---|---|---|



## **Housing Property Reserve** 

The Housing Property Reserve is permanent endowment of the Charity and is represented by the net equity in the housing properties. 

## **Housing Properties Revaluation Reserve** 

This fund is part of the permanent endowment of the Charity and represents the surplus on revaluation of the housing properties. 

## **Cyclical Maintenance Fund** 

The Cyclical Maintenance Fund is unrestricted but designated by the Trustees for future cyclical repairs as they arise.   A transfer is made from the General Fund each year being a specific amount as agreed by the Trustees. 

## **Extraordinary Repair Fund** 

The Extraordinary Repair Fund is unrestricted but designated by the Trustees for future major repairs, improvements and rebuilding of the housing properties.  A transfer is made from the General Fund each year being a specific amount as agreed by the Trustees.  The fund is required by the Scheme to be specifically invested with income from these investments added to the Fund. 

## **General Fund** 

The Fund represents accumulated surpluses of the Charity and is available for the general purposes of the Charity. 

This page does not form part of the statutory financial statements 



**66** 

**ERNEST ELIJAH EVERITT TRUST** 

## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023** 

|**INCOME AND ENDOWMENTS**<br>**CHARITABLE ACTIVITIES**<br>Contributions Due<br>Losses from Voids<br>**INVESTMENT INCOME**<br>M&G Multi Charity Income Share Dividends<br>COIF Income Share Dividends<br>COIF Deposit Account Interest Receivable<br>**TOTAL INCOME**<br>**EXPENDITURE**<br>**CHARITABLE ACTIVITIES**<br>Almshouse Costs<br>Vacant Property Costs<br>Water Charges<br>Light and Heat<br>Insurance<br>Repairs and Renewals<br>Extraordinary Repairs<br>Cyclical Repairs<br>Gardening<br>Cleaning<br>Bad Debts<br>Sundry Expenses<br>Housing Loan Interest<br>Support Costs – Governance<br>Administration Fees<br>Auditor’s Remuneration<br>Trustees’ Expenses<br>Legal and Professional Fees<br>Almshouse Association Subscription<br>**TOTAL EXPENDITURE**<br>**NET INCOME/(EXPENDITURE) BEFORE GAINS AND LOSSES**<br>**NET INVESTMENT GAINS/(LOSSES)**<br>**NET INCOME/(EXPENDITURE)**<br>**OTHER RECOGNISED GAINS/(LOSSES)**<br>Gain/(Loss) on Revaluation of Housing Properties<br>**NET MOVEMENT IN FUNDS**<br>**RECONCILIATION OF FUNDS**<br>Total Funds Brought Forward<br>Total Funds Carried Forward|**2023**<br>**£**<br>**£**<br>**23,495**<br>**(1,183)**<br>**22,312**<br>**-**<br>**-**<br>**3,928**<br>**3,928**<br>**26,240**<br>**-**<br>**-**<br>**-**<br>**691**<br>**360**<br>**7,580**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**8,631**<br>**3,400**<br>**1,560**<br>**-**<br>**-**<br>**-**<br>**4,960**<br>**13,591**<br>**12,649**<br>**6,407**<br>**19,056**<br>**26,739**<br>**45,795**<br>**740,710**<br>**786,505**|**2022**|**2022**|**2022**|
|---|---|---|---|---|
|||**£**<br>**£**|||
||||||
||||||
||||||
|||19,499|||
|||(2,870)|||
|||16,629|||
||||||
||||||
|||-|||
|||-|||
|||1,049|||
|||1,049|||
||||||
||||17,678||
||||||
||||||
||||||
||||||
||||||
|||533|||
|||-|||
|||-|||
|||629|||
|||2,960|||
|||12,000|||
|||1,210|||
|||-|||
|||-|||
|||311|||
|||-|||
|||-|||
|||17,643|||
||||||
|||3,200|||
|||1,434|||
|||-|||
|||-|||
|||-|||
|||4,634|||
||||22,277||
||||||
||||(4,599)||
||||||
|||809|||
||||||
||||(3,790)||
||||||
||||||
|||90,096|||
||||||
|||86,306|||
||||||
||||||
|||654,404|||
|||||740,710|



This page does not form part of the statutory financial statements 



**67** 

**ERNEST ELIJAH EVERITT TRUST** 

**DETAILED BALANCE SHEET** 

**AS AT 31 DECEMBER 2023** 

|**FIXED ASSETS**<br>Tangible Fixed Assets – Housing Properties<br>Net Book Value at Beginning of the year<br>Additions at cost<br>Depreciation Charge for the year<br>Gain/(Loss) on Revaluation<br>Net Book Value at end of the year<br>Listed Investments<br>Market Value at Beginning of the year<br>Additions at cost<br>Disposal Proceeds<br>Gain/(Loss) on Revaluation<br>Market Value at end of the year<br>**CURRENT ASSETS**<br>Debtors and Prepayments<br>Contributions in Arrears<br>Other Debtors<br>Legacy East Almshouse Partnership<br>Prepayments and Accrued Income<br>Cash at Bank and in Hand<br>Barclays Current Account<br>COIF Deposit Account<br>**CREDITORS**: Amounts falling due with one year<br>Loans<br>Contributions in Received in Advance<br>Other Creditors<br>Legacy East Almshouse Partnership<br>Accruals and Deferred Income<br>**NET CURRENT ASSETS/(LIABILITIES)**<br>**TOTAL ASSETS LESS CURRENT LIABILITIES**<br>**CREDITORS**: Amounts falling due after more than one year<br>Loans<br>**NET ASSETS**<br>**CAPITAL AND RESERVES**<br>Endowment Funds:<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds:<br>Social Housing Grant Fund<br>Unrestricted Funds:<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund|**2023**<br>**£**<br>**£**<br>**570,096**<br>**-**<br>**-**<br>**26,739**<br>**596,835**<br>**103,197**<br>**-**<br>**-**<br>**6,407**<br>**109,604**<br>**706,439**<br>**1,229**<br>**-**<br>**-**<br>**1,116**<br>**2,345**<br>**-**<br>**89,619**<br>**89,619**<br>**91,964**<br>**-**<br>**-**<br>**-**<br>**(10,338)**<br>**(1,560)**<br>**(11,898)**<br>**80,066**<br>**786,505**<br>**-**<br>**786,505**<br>**-**<br>**480,000**<br>**116,835**<br>**596,835**<br>**-**<br>**12,185**<br>**8,852**<br>**168,633**<br>**189,670**<br>**786,505**|**2022**|**2022**|
|---|---|---|---|
|||**£**<br>**£**||
|||||
|||||
|||480,000||
|||-||
|||-||
|||90,096||
|||570,096||
|||||
|||||
|||102,388||
|||-||
|||-||
|||809||
|||103,197||
||||673,293|
|||||
|||||
|||402||
|||-||
|||-||
|||898||
|||1,300||
|||||
|||-||
|||85,856||
|||85,856||
||||87,156|
|||||
|||-||
|||-||
|||-||
|||(18,305)||
|||(1,434)||
|||(19,739)||
|||||
||||67,417|
|||||
|||740,710||
|||||
|||||
|||-||
|||||
||||740,710|
|||||
|||||
|||||
|||-||
|||480,000||
|||90,096||
|||570,096||
|||||
|||-||
|||||
|||9,385||
|||6,476||
|||154,753||
|||170,614||
||||740,710|



This page does not form part of the statutory financial statements 



## **ERNEST ELIJAH EVERITT TRUST** 

## **RECONCILIATION OF MOVEMENT IN FUNDS FOR THE YEAR ENDED 31 DECEMBER 2023** 

|**Year Ended 31 December 2023**<br>Endowment Funds<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds<br>Social Housing Grant Fund<br>Unrestricted Funds<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund<br>Total Funds<br>**Year Ended 31 December 2022**<br>Endowment Funds<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds<br>Social Housing Grant Fund<br>Unrestricted Funds<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund<br>Total Funds||**Balances**<br>**Brought**<br>**Forward**<br>**£**<br>**-**<br>**480,000**<br>**90,096**|**Income**<br>**£**<br>**-**<br>**-**<br>**-**|**Expenditure**<br>**£**<br>**-**<br>**-**<br>**-**|**Gains/Losses**<br>**on**<br>**Investments**<br>**£**<br>**-**<br>**-**<br>**-**|<br>**Transfer**<br>**Between**<br>**Funds**<br>**£**<br>**-**<br>**-**<br>**-**|<br>**Transfer**<br>**Between**<br>**Funds**<br>**£**<br>**-**<br>**-**<br>**-**|**Gains/Losses**<br>**on**<br>**Revaluation**<br>**Of Housing**<br>**Properties**<br>**£**<br>**-**<br>**-**<br>**26,739**<br>|**Balances**<br>**Carried**<br>**Forward**<br>**£**<br>**-**<br>**480,000**<br>**116,835**|
|---|---|---|---|---|---|---|---|---|---|
|||||||||||
|||**570,096**|**-**|**-**|**-**||**-**|**26,739**|**596,835**|
|||**-**|**-**|**-**|**-**||**-**|**-**|**-**|
|||**9,385**<br>**6,476**<br>**154,753**|**-**<br>**-**<br>**26,240**|**-**<br>**-**<br>**(13,591)**|**-**<br>**-**<br>**6,407**||**2,800**<br>**2,376**<br>**(5,176)**|**-**<br>**-**<br>**-**|**12,185**<br>**8,852**<br>**168,633**|
|||**170,614**|**26,240**|**(13,591)**|**6,407**||**-**|**-**|**189,670**|
|||||||||||
|||**740,710**|**26,240**|**(13,591)**|**6,407**||**-**|**26,739**|**786,505**|
|||||||||||
|||||||||||
|||-|-|-|-||-|-|-|
|||480,000|-|-|-||-|-|480,000|
|||-|-|-|-||-|90,096|90,096|
|||480,000|-|-|-||-|90,096|570,096|
|||||||||||
|||-|-|-|-||-|-|-|
|||||||||||
|||||||||||
|||7,003|-|(1,210)|-||3,592|-|9,385|
|||4,280|-|-|-||2,196|-|6,476|
|||163,121|17,678|(21,067)|809||(5,788)|-|154,753|
|||174,404|17,678|(22,277)|809||-|-|170,614|
|||||||||||
|||654,404|17,678|(22,277)|809||-|90,096|740,710|



This page does not form part of the statutory financial statements 



**69** 

**ERNEST ELIJAH EVERITT TRUST** 

## **ANALYSIS OF NET ASSETS BETWEEN FUNDS** 

## **AS AT 31 DECEMBER 2023** 

|Endowment Funds:<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds:<br>Social Housing Grant Fund<br>Unrestricted Funds:<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund||**Fixed Assets**<br>**Freehold**<br>**Property**<br>**Investments**<br>**£**<br>**£**<br>**-**<br>**-**<br>**480,000**<br>**-**<br>**116,835**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**109,604**<br>**596,835**<br>**109,604**||**Net Current**<br>**Assets Less**<br>**Long Term**<br>**Loans**<br>**£**<br>**-**<br>**-**<br>**-**<br>**-**<br>**12,185**<br>**8,852**<br>**59,029**<br>**80,066**|**Total**<br>**£**<br>**-**<br>**480,000**<br>**116,835**<br>**-**<br>**12,185**<br>**8,852**<br>**168,633**<br>**786,505**|
|---|---|---|---|---|---|



## **Housing Property Reserve** 

The Housing Property Reserve is permanent endowment of the Charity and is represented by the net equity in the housing properties. 

## **Housing Properties Revaluation Reserve** 

This fund is part of the permanent endowment of the Charity and represents the surplus on revaluation of the housing properties. 

## **Cyclical Maintenance Fund** 

The Cyclical Maintenance Fund is unrestricted but designated by the Trustees for future cyclical repairs as they arise.   A transfer is made from the General Fund each year being a specific amount as agreed by the Trustees. 

## **Extraordinary Repair Fund** 

The Extraordinary Repair Fund is unrestricted but designated by the Trustees for future major repairs, improvements and rebuilding of the housing properties.  A transfer is made from the General Fund each year being a specific amount as agreed by the Trustees.  The fund is required by the Scheme to be specifically invested with income from these investments added to the Fund. 

## **General Fund** 

The Fund represents accumulated surpluses of the Charity and is available for the general purposes of the Charity. 

This page does not form part of the statutory financial statements 



**70** 

**MARY DAINS COTTAGES** 

## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023** 

|**INCOME AND ENDOWMENTS**<br>**CHARITABLE ACTIVITIES**<br>Contributions Due<br>Losses from Voids<br>**INVESTMENT INCOME**<br>M&G Multi Charity Income Share Dividends<br>COIF Income Share Dividends<br>COIF Deposit Account Interest Receivable<br>**TOTAL INCOME**<br>**EXPENDITURE**<br>**CHARITABLE ACTIVITIES**<br>Almshouse Costs<br>Vacant Property Costs<br>Water Charges<br>Light and Heat<br>Insurance<br>Repairs and Renewals<br>Extraordinary Repairs<br>Cyclical Repairs<br>Gardening<br>Cleaning<br>Bad Debts<br>Sundry Expenses<br>Housing Loan Interest<br>Depreciation of Housing Properties<br>Support Costs – Governance<br>Administration Fees<br>Auditor’s Remuneration<br>Trustees’ Expenses<br>Legal and Professional Fees<br>Almshouse Association Subscription<br>**TOTAL EXPENDITURE**<br>**NET INCOME/(EXPENDITURE) BEFORE GAINS AND LOSSES**<br>**NET INVESTMENT GAINS/(LOSSES)**<br>**NET INCOME/(EXPENDITURE)**<br>**OTHER RECOGNISED GAINS/(LOSSES)**<br>Gain/(Loss) on Revaluation of Housing Properties<br>**NET MOVEMENT IN FUNDS**<br>**RECONCILIATION OF FUNDS**<br>Total Funds Brought Forward<br>Total Funds Carried Forward|**2023**<br>**£**<br>**£**<br>**44,290**<br>**(3,520)**<br>**40,770**<br>**-**<br>**-**<br>**540**<br>**540**<br>**41,310**<br>**-**<br>**1,127**<br>**8,960**<br>**926**<br>**6,348**<br>**8,096**<br>**1,367**<br>**2,329**<br>**-**<br>**35**<br>**23**<br>**-**<br>**-**|**2023**<br>**£**<br>**£**<br>**44,290**<br>**(3,520)**<br>**40,770**<br>**-**<br>**-**<br>**540**<br>**540**<br>**41,310**<br>**-**<br>**1,127**<br>**8,960**<br>**926**<br>**6,348**<br>**8,096**<br>**1,367**<br>**2,329**<br>**-**<br>**35**<br>**23**<br>**-**<br>**-**|**2022**|**2022**|**2022**|
|---|---|---|---|---|---|
||||**£**<br>**£**|||
|||||||
|||||||
|||||||
||||39,333|||
||||(990)|||
||||38,343|||
|||||||
|||||||
||||-|||
||||-|||
||||62|||
||||62|||
|||||||
|||||38,405||
|||||||
|||||||
|||||||
|||||||
|||||||
||||-|||
||||960|||
||||9,803|||
||||1,059|||
||||4,826|||
||||-|||
||||-|||
||||1,543|||
||||-|||
||||-|||
||||15|||
||||-|||
||||-|||
||**5,100**<br>**1,800**<br>**-**<br>**-**<br>**-**|**29,211**<br>**6,900**<br>**36,111**<br>**5,199**<br>**9,731**<br>**14,930**<br>**46,900**<br>**61,830**<br>**1,192,303**<br>**1,254,133**|18,206|||
|||||||
||||4,800|||
||||1,674|||
||||-|||
||||995|||
||||-|||
||||7,469|||
|||||25,675||
|||||||
|||||12,730||
|||||||
||||1,229|||
|||||||
|||||13,959||
|||||||
|||||||
||||158,427|||
|||||||
||||172,386|||
|||||||
||||1,019,917|||
|||||||
||||||1,192,303|



This page does not form part of the statutory financial statements 



**71** 

**MARY DAINS COTTAGES** 

## **DETAILED BALANCE SHEET AS AT 31 DECEMBER 2023** 

|**FIXED ASSETS**<br>Tangible Fixed Assets – Housing Properties<br>Net Book Value at Beginning of the year<br>Additions at cost<br>Depreciation Charge for the year<br>Gain/(Loss) on Revaluation<br>Net Book Value at end of the year<br>Listed Investments<br>Market Value at Beginning of the year<br>Additions at cost<br>Disposal Proceeds<br>Gain/(Loss) on Revaluation<br>Market Value at end of the year<br>**CURRENT ASSETS**<br>Debtors and Prepayments<br>Contributions in Arrears<br>Other Debtors<br>Legacy East Almshouse Partnership<br>Prepayments and Accrued Income<br>Cash at Bank and in Hand<br>Barclays Current Account<br>COIF Deposit Account<br>**CREDITORS**: Amounts falling due with one year<br>Loans<br>Contributions in Received in Advance<br>Other Creditors<br>Legacy East Almshouse Partnership<br>Accruals and Deferred Income<br>**NET CURRENT ASSETS/(LIABILITIES)**<br>**TOTAL ASSETS LESS CURRENT LIABILITIES**<br>**CREDITORS**: Amounts falling due after more than one year<br>Loans<br>**NET ASSETS**<br>**CAPITAL AND RESERVES**<br>Endowment Funds:<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds:<br>Social Housing Grant Fund<br>Unrestricted Funds:<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund|**2023**<br>**£**<br>**£**<br>**1,000,000**<br>**-**<br>**-**<br>**46,900**<br>**1,046,900**<br>**156,750**<br>**-**<br>**-**<br>**9,731**<br>**166,481**<br>**1,213,381**<br>**130**<br>**-**<br>**13,380**<br>**1,097**<br>**14,607**<br>**-**<br>**34,618**<br>**34,618**<br>**49,225**<br>**-**<br>**(1,090)**<br>**(4,376)**<br>**-**<br>**(3,007)**<br>**(8,473)**<br>**40,752**<br>**1,254,133**<br>**-**<br>**1,254,133**<br>**-**<br>**841,573**<br>**205,327**<br>**1,046,900**<br>**-**<br>**18,725**<br>**13,279**<br>**175,229**<br>**207,233**<br>**1,254,133**|**2022**|**2022**|
|---|---|---|---|
|||**£**<br>**£**||
|||||
|||||
|||841,573||
|||-||
|||-||
|||158,427||
|||1,000,000||
|||||
|||||
|||155,521||
|||-||
|||-||
|||1,229||
|||156,750||
||||1,156,750|
|||||
|||||
|||278||
|||-||
|||38,749||
|||919||
|||39,946||
|||||
|||-||
|||4,216||
|||4,216||
||||44,162|
|||||
|||-||
|||(692)||
|||(4,321)||
|||-||
|||(3,596)||
|||(8,609)||
|||||
||||35,553|
|||||
|||1,192,303||
|||||
|||||
|||-||
|||||
||||1,192,303|
|||||
|||||
|||||
|||-||
|||841,573||
|||158,427||
|||1,000,000||
|||||
|||-||
|||||
|||15,892||
|||9,715||
|||166,696||
|||192,303||
||||1,192,303|



This page does not form part of the statutory financial statements 



## **MARY DAINS COTTAGES** 

## **RECONCILIATION OF MOVEMENT IN FUNDS FOR THE YEAR ENDED 31 DECEMBER 2023** 

|**Year Ended 31 December 2023**<br>Endowment Funds<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds<br>Social Housing Grant Fund<br>Unrestricted Funds<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund<br>Total Funds<br>**Year Ended 31 December 2022**<br>Endowment Funds<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds<br>Social Housing Grant Fund<br>Unrestricted Funds<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund<br>Total Funds||**Balances**<br>**Brought**<br>**Forward**<br>**£**<br>**-**<br>**841,573**<br>**158,427**|**Income**<br>**£**<br>**-**<br>**-**<br>**-**|**Expenditure**<br>**£**<br>**-**<br>**-**<br>**-**|**Gains/Losses**<br>**on**<br>**Investments**<br>**£**<br>**-**<br>**-**<br>**-**|<br>**Transfer**<br>**Between**<br>**Funds**<br>**£**<br>**-**<br>**-**<br>**-**|<br>**Transfer**<br>**Between**<br>**Funds**<br>**£**<br>**-**<br>**-**<br>**-**|**Gains/Losses**<br>**on**<br>**Revaluation**<br>**Of Housing**<br>**Properties**<br>**£**<br>**-**<br>**-**<br>**46,900**|**Balances**<br>**Carried**<br>**Forward**<br>**£**<br>**-**<br>**841,573**<br>**205,327**|
|---|---|---|---|---|---|---|---|---|---|
|||||||||||
|||**1,000,000**|**-**|**-**|**-**<br>||**-**|**46,900**|**1,046,900**|
|||**-**|**-**|**-**|**-**||**-**|**-**|**-**|
|||**15,892**<br>**9,715**<br>**166,696**|**-**<br>**-**<br>**41,310**|**(1,367)**<br>**-**<br>**(34,744)**|**-**<br>**-**<br>**9,731**||**4,200**<br>**3,564**<br>**(7,764)**|**-**<br>**-**<br>**-**|**18,725**<br>**13,279**<br>**175,229**|
|||**192,303**|**41,310**|**(36,111)**|**9,731**||**-**|**-**|**207,233**|
|||||||||||
|||**1,192,303**|**41,310**|**(36,111)**|**9,731**||**-**|**46,900**|**1,254,133**|
|||||||||||
|||||||||||
|||-|-|-|-||-|-|-|
|||841,573|-|-|-||-|-|841,573|
|||-|-|-|-||-|158,427|158,427|
|||841,573|-|-|-||-|158,427|1,000,000|
|||||||||||
|||-|-|-|-||-|-|-|
|||||||||||
|||||||||||
|||10,504|-|-|-||5,388|-|15,892|
|||6,421|-|-|-||3,294|-|9,715|
|||161,419|38,405|(25,675)|1,229||(8,682)|-|166,696|
|||178,344|38,405|(25,675)|1,229||-|-|192,303|
|||||||||||
|||1,019,917|38,405|(25,675)|1,229||-|158,427|1,192,303|



This page does not form part of the statutory financial statements 



**73** 

**MARY DAINS COTTAGES** 

## **ANALYSIS OF NET ASSETS BETWEEN FUNDS** 

## **AS AT 31 DECEMBER 2023** 

|Endowment Funds:<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds:<br>Social Housing Grant Fund<br>Unrestricted Funds:<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund|**Fixed Assets**<br>**Freehold**<br>**Property**<br>**Investments**<br>**£**<br>**£**<br>**-**<br>**-**<br>**841,573**<br>**-**<br>**205,327**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**166,481**<br>**1,046,900**<br>**166,481**||**Net Current**<br>**Assets Less**<br>**Long Term**<br>**Loans**<br>**£**<br>**-**<br>**-**<br>**-**<br>**-**<br>**18,725**<br>**13,279**<br>**8,748**<br>**40,752**|**Total**<br>**£**<br>**-**<br>**841,573**<br>**205,327**<br>**-**<br>**18,725**<br>**13,279**<br>**175,229**<br>**1,254,133**|
|---|---|---|---|---|



## **Housing Property Reserve** 

The Housing Property Reserve is permanent endowment of the Charity and is represented by the net equity in the housing properties. 

## **Housing Properties Revaluation Reserve** 

This fund is part of the permanent endowment of the Charity and represents the surplus on revaluation of the housing properties. 

## **Cyclical Maintenance Fund** 

The Cyclical Maintenance Fund is unrestricted but designated by the Trustees for future cyclical repairs as they arise.   A transfer is made from the General Fund each year being a specific amount as agreed by the Trustees. 

## **Extraordinary Repair Fund** 

The Extraordinary Repair Fund is unrestricted but designated by the Trustees for future major repairs, improvements and rebuilding of the housing properties.  A transfer is made from the General Fund each year being a specific amount as agreed by the Trustees.  The fund is required by the Scheme to be specifically invested with income from these investments added to the Fund. 

## **General Fund** 

The Fund represents accumulated surpluses of the Charity and is available for the general purposes of the Charity. 

This page does not form part of the statutory financial statements 



**74** 

**COPLAND ALMSHOUSE CHARITY** 

## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023** 

|**INCOME AND ENDOWMENTS**<br>**CHARITABLE ACTIVITIES**<br>Contributions Due<br>Losses from Voids<br>**INVESTMENT INCOME**<br>M&G Multi Charity Income Share Dividends<br>COIF Income Share Dividends<br>COIF Deposit Account Interest Receivable<br>**TOTAL INCOME**<br>**EXPENDITURE**<br>**CHARITABLE ACTIVITIES**<br>Almshouse Costs<br>Vacant Property Costs<br>Water Charges<br>Light and Heat<br>Insurance<br>Repairs and Renewals<br>Extraordinary Repairs<br>Cyclical Repairs<br>Gardening<br>Cleaning<br>Bad Debts<br>Sundry Expenses<br>Housing Loan Interest<br>Support Costs – Governance<br>Administration Fees<br>Auditor’s Remuneration<br>Trustees’ Expenses<br>Legal and Professional Fees<br>Almshouse Association Subscription<br>**TOTAL EXPENDITURE**<br>**NET INCOME/(EXPENDITURE) BEFORE GAINS AND LOSSES**<br>**NET INVESTMENT GAINS/(LOSSES)**<br>**NET INCOME/(EXPENDITURE)**<br>**OTHER RECOGNISED GAINS/(LOSSES)**<br>Gain/(Loss) on Revaluation of Housing Properties<br>**NET MOVEMENT IN FUNDS**<br>**RECONCILIATION OF FUNDS**<br>Total Funds Brought Forward<br>Total Funds Carried Forward|**2023**<br>**£**<br>**£**<br>**28,351**<br>**(1,795)**<br>**26,556**<br>**-**<br>**-**<br>**1,341**<br>**1,341**<br>**27,897**<br>**128**<br>**-**<br>**-**<br>**653**<br>**2,185**<br>**4,341**<br>**1,725**<br>**1,120**<br>**-**<br>**-**<br>**23**<br>**-**<br>**10,175**<br>**3,400**<br>**1,560**<br>**-**<br>**250**<br>**-**<br>**5,210**<br>**15,385**<br>**12,512**<br>**1,008**<br>**13,520**<br>**23,758**<br>**37,278**<br>**563,856**<br>**601,134**|**2022**|**2022**|
|---|---|---|---|
|||**£**<br>**£**||
|||||
|||||
|||||
|||27,505||
|||(282)||
|||27,223||
|||||
|||||
|||-||
|||-||
|||304||
|||304||
|||||
||||27,527|
|||||
|||||
|||||
|||||
|||||
|||-||
|||-||
|||-||
|||603||
|||1,721||
|||-||
|||-||
|||1,895||
|||-||
|||-||
|||94||
|||-||
|||4,313||
|||||
|||3,200||
|||1,434||
|||-||
|||-||
|||146||
|||4,780||
||||9,093|
|||||
||||18,434|
|||||
|||120||
|||||
||||18,554|
|||||
|||||
|||80,055||
|||||
|||98,609||
|||||
|||||
|||465,247||
||||563,856|



This page does not form part of the statutory financial statements 



**75** 

**COPLAND ALMSHOUSE CHARITY** 

## **DETAILED BALANCE SHEET** 

## **AS AT 31 DECEMBER 2023** 

|**FIXED ASSETS**<br>Tangible Fixed Assets – Housing Properties<br>Net Book Value at Beginning of the year<br>Additions at cost<br>Depreciation Charge for the year<br>Gain/(Loss) on Revaluation<br>Net Book Value at end of the year<br>Listed Investments<br>Market Value at Beginning of the year<br>Additions at cost<br>Disposal Proceeds<br>Gain/(Loss) on Revaluation<br>Market Value at end of the year<br>**CURRENT ASSETS**<br>Debtors and Prepayments<br>Contributions in Arrears<br>Other Debtors<br>Legacy East Almshouse Partnership<br>Prepayments and Accrued Income<br>Cash at Bank and in Hand<br>Barclays Current Account<br>COIF Deposit Account<br>**CREDITORS**: Amounts falling due with one year<br>Loans<br>Contributions in Received in Advance<br>Other Creditors<br>Legacy East Almshouse Partnership<br>Accruals and Deferred Income<br>**NET CURRENT ASSETS/(LIABILITIES)**<br>**TOTAL ASSETS LESS CURRENT LIABILITIES**<br>**CREDITORS**: Amounts falling due after more than one year<br>Loans<br>**NET ASSETS**<br>**CAPITAL AND RESERVES**<br>Endowment Funds:<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds:<br>Social Housing Grant Fund<br>Unrestricted Funds:<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund|**2023**<br>**£**<br>**£**<br>**506,558**<br>**-**<br>**-**<br>**23,758**<br>**530,316**<br>**15,261**<br>**10,000**<br>**-**<br>**1,008**<br>**26,269**<br>**556,585**<br>**2,730**<br>**-**<br>**10,083**<br>**836**<br>**13,649**<br>**-**<br>**33,008**<br>**33,008**<br>**46,657**<br>**-**<br>**(452)**<br>**(96)**<br>**-**<br>**(1,560)**<br>**(2,108)**<br>**44,549**<br>**601,134**<br>**-**<br>**601,134**<br>**-**<br>**1,581**<br>**484,981**<br>**486,562**<br>**43,754**<br>**13,818**<br>**12,099**<br>**44,901**<br>**70,818**<br>**601,134**|**2022**|**2022**|
|---|---|---|---|
|||**£**<br>**£**||
|||||
|||||
|||426,503||
|||-||
|||-||
|||80,055||
|||506,558||
|||||
|||||
|||15,141||
|||-||
|||-||
|||120||
|||15,261||
||||521,819|
|||||
|||||
|||4,862||
|||-||
|||11,378||
|||709||
|||16,949||
|||||
|||-||
|||26,740||
|||26,740||
||||43,689|
|||||
|||-||
|||(153)||
|||(65)||
|||-||
|||(1,434)||
|||(1,652)||
|||||
||||42,037|
|||||
|||563,856||
|||||
|||||
|||-||
|||||
||||563,856|
|||||
|||||
|||||
|||-||
|||1,581||
|||461,223||
|||462,804||
|||||
|||43,754||
|||||
|||12,743||
|||9,269||
|||35,286||
|||57,298||
||||563,856|



This page does not form part of the statutory financial statements 



## **COPLAND ALMSHOUSE CHARITY** 

## **RECONCILIATION OF MOVEMENT IN FUNDS FOR THE YEAR ENDED 31 DECEMBER 2023** 

|**Year Ended 31 December 2023**<br>Endowment Funds<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds<br>Social Housing Grant Fund<br>Unrestricted Funds<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund<br>Total Funds<br>**Year Ended 31 December 2022**<br>Endowment Funds<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds<br>Social Housing Grant Fund<br>Unrestricted Funds<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund<br>Total Funds||**Balances**<br>**Brought**<br>**Forward**<br>**£**<br>**-**<br>**1,581**<br>**461,223**|**Income**<br>**£**<br>**-**<br>**-**<br>**-**|**Expenditure**<br>**£**<br>**-**<br>**-**<br>**-**|**Gains/Losses**<br>**on**<br>**Investments**<br>**£**<br>**-**<br>**-**<br>**-**|<br>**Transfer**<br>**Between**<br>**Funds**<br>**£**<br>**-**<br>**-**<br>**-**|<br>**Transfer**<br>**Between**<br>**Funds**<br>**£**<br>**-**<br>**-**<br>**-**|**Gains/Losses**<br>**on**<br>**Revaluation**<br>**Of Housing**<br>**Properties**<br>**£**<br>**-**<br>**-**<br>**23,758**|**Balances**<br>**Carried**<br>**Forward**<br>**£**<br>**-**<br>**1,581**<br>**484,981**|
|---|---|---|---|---|---|---|---|---|---|
|||||||||||
|||**462,804**|**-**|**-**|**-**||**-**|**23,758**|**486,562**|
|||**43,754**|**-**|**-**|**-**||**-**|**-**|**43,754**|
|||**12,743**<br>**9,269**<br>**35,286**|**-**<br>**-**<br>**27,897**|**(1,725)**<br>**-**<br>**(13,660)**|**-**<br>**454**<br>**554**||**2,800**<br>**2,376**<br>**(5,176)**|**-**<br>**-**<br>**-**|**13,818**<br>**12,099**<br>**44,901**|
|||**57,298**|**27,897**|**(15,385)**|**1,008**||**-**|**-**|**70,818**|
|||||||||||
|||**563,856**|**27,897**|**(15,385)**|**1,008**||**-**|**23,758**|**601,134**|
|||||||||||
|||||||||||
|||-|-|-|-||-|-|-|
|||1,581|-|-|-||-|-|1,581|
|||381,168|-|-|-||-|80,055|461,223|
|||382,749|-|-|-||-|80,055|462,804|
|||||||||||
|||43,754|-|-|-||-|-|43,754|
|||||||||||
|||||||||||
|||9,151|-|-|-||3,592|-|12,743|
|||7,017|-|-|56||2,196|-|9,269|
|||22,576|27,527|(9,093)|64||(5,788)|-|35,286|
|||38,744|27,527|(9,093)|120||-|-|57,298|
|||||||||||
|||465,247|27,527|(9,093)|120||-|80,055|563,856|



This page does not form part of the statutory financial statements 



**77** 

**COPLAND ALMSHOUSE CHARITY** 

## **ANALYSIS OF NET ASSETS BETWEEN FUNDS** 

## **AS AT 31 DECEMBER 2023** 

|Endowment Funds:<br>Permanent Endowment Fund<br>Housing Property Reserve<br>Housing Property Revaluation Reserve<br>Restricted Funds:<br>Social Housing Grant Fund<br>Unrestricted Funds:<br>Cyclical Maintenance Fund<br>Extraordinary Repair Fund<br>General Fund||**Fixed Assets**<br>**Freehold**<br>**Property**<br>**Investments**<br>**£**<br>**£**<br>**-**<br>**-**<br>**1,581**<br>**-**<br>**484,981**<br>**-**<br>**43,754**<br>**-**<br>**-**<br>**-**<br>**-**<br>**9,903**<br>**-**<br>**16,366**<br>**530,316**<br>**26,269**||**Net Current**<br>**Assets Less**<br>**Long Term**<br>**Loans**<br>**£**<br>**-**<br>**-**<br>**-**<br>**-**<br>**13,818**<br>**2,196**<br>**28,535**<br>**44,549**|**Total**<br>**£**<br>**-**<br>**1,581**<br>**484,981**<br>**43,754**<br>**13,818**<br>**12,099**<br>**44,901**<br>**601,134**|
|---|---|---|---|---|---|



## **Housing Property Reserve** 

The Housing Property Reserve is permanent endowment of the Charity and is represented by the net equity in the housing properties. 

## **Housing Properties Revaluation Reserve** 

This fund is part of the permanent endowment of the Charity and represents the surplus on revaluation of the housing properties. 

## **Social Housing Grant Fund** 

The Social Housing Grant Fund is a restricted fund and represents the grant received of £43,754 in connection with the housing property purchase. 

## **Cyclical Maintenance Fund** 

The Cyclical Maintenance Fund is unrestricted but designated by the Trustees for future cyclical repairs as they arise.   A transfer is made from the General Fund each year being a specific amount as agreed by the Trustees. 

## **Extraordinary Repair Fund** 

The Extraordinary Repair Fund is unrestricted but designated by the Trustees for future major repairs, improvements and rebuilding of the housing properties.  A transfer is made from the General Fund each year being a specific amount as agreed by the Trustees.  The fund is required by the Scheme to be specifically invested with income from these investments added to the Fund. 

## **General Fund** 

The Fund represents accumulated surpluses of the Charity and is available for the general purposes of the Charity. 

This page does not form part of the statutory financial statements 



**78** 

**LEGACY EAST ALMSHOUSE PARTNERSHIP** 

## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023** 

|**INCOME AND ENDOWMENTS**<br>**CHARITABLE ACTIVITIES**<br>Management and Administration Fees<br>**INVESTMENT INCOME**<br>COIF Deposit Account Interest Receivable<br>**OTHER INCOME**<br>Fee for Research Project<br>**TOTAL INCOME**<br>**EXPENDITURE**<br>**CHARITABLE ACTIVITIES**<br>Almshouse Management Operating Costs<br>Clerks Fees and Expenses<br>Auditor’s Remuneration<br>Trustees’ Expenses<br>Sundry Expenses<br>Subscriptions<br>Bank Charges<br>**TOTAL EXPENDITURE**<br>**NET INCOME BEING THE NET MOVEMENT IN FUNDS**<br>**RECONCILIATION OF FUNDS**<br>Total Funds Brought Forward<br>Total Funds Carried Forward|**2023**<br>**£**<br>**59,925**<br>**4,833**<br>**630**<br>**65,388**<br>**32,775**<br>**1,482**<br>**234**<br>**551**<br>**461**<br>**36**<br>**35,539**<br>**29,849**<br>**99,141**<br>**128,990**|**2022**|**2022**|
|---|---|---|---|
|||**£**||
|||||
|||||
|||||
|||50,400||
|||||
|||||
|||1,019||
|||||
|||||
|||-||
|||||
||||51,419|
|||||
|||||
|||||
|||||
|||||
|||27,900||
|||1,602||
|||25||
|||575||
|||427||
|||-||
|||||
||||30,529|
|||||
|||20,890||
|||||
|||||
|||78,251||
||||99,141|



This page does not form part of the statutory financial statements