| PAGE | ||
|---|---|---|
| Annual Report |
1-7 | |
| Report ofthe Auditors | 8-9 | |
| Statement of Financial | Activities | 10 |
| Balance Sheet | ||
| Notes to the Accounts | 12-19 |
| STATEMENT OF FINANCIAL ACT FOR THE YEAR ENDED 30 JUNE |
IVITIES 2022 |
|||||||
|---|---|---|---|---|---|---|---|---|
| Income | Designated | Restricted | Permanent | Total | Total | |||
| Account | Funds | Fund | Endowment | 2022 | 2021 | |||
| 8 | 5 | 5 | 5 | 5 | 5 | |||
| Income and Endowments from: |
||||||||
| Charitable Activities |
||||||||
| Maintenance Contributions |
240,002 | 240,002 | 244,301 | |||||
| Investments | ||||||||
| Income from Listed Investments | 92,071 | 1,606 | 93,677 | 96,908 | ||||
| Bank Deposit Interest Rental Income |
337 119,328 |
392 | 729 119,328 |
97 114,679 |
||||
| Donations and Legacies |
970 | 970 | ||||||
| Other Trading Activities Car Park Income |
1,139 | 1,139 | 2,545 | |||||
| Totallncome | 453,847 | 1,998 | 455,845 | 458,530 | ||||
| Expenditure | ||||||||
| Charitable Activities |
||||||||
| Almshouse Running Costs Grants Payable Other Costs |
3 5 4 |
318,929 761 34,016 |
119,238 | 3,794 | 25,545 | 467,506 761 34,016 |
352,925 3,340 50,989 |
|
| Raising Funds Investment Property Management Investment Management Charges Car Park Operating Costs Total |
Expenditure | 23,187 376,893 |
1,240 120,478 |
3,794 | 24,401 49,946 |
23,187 25,641 551,111 |
19,562 23,522 851 451,189 |
|
| Net Gains/(Losses) on Investments Realised - Listed Investments Unreaksed - Listed Investments |
12 12 |
18,557 (21,228) |
58,925 (393,221) |
77,482 (414,449) |
53,670 645,153 |
|||
| Unrealised —Investmenl Property Net incomei(Expenditure) |
12 8 |
76,954 | (121,151) | (3,794) | 2 099,000 1,714,758 |
2099,000 1,666,767 |
706,164 | |
| Transfers between Funds |
80,000 | 80,000 | ||||||
| (3,046) | (41,151) | (3,794) | 1,714,758 | 1,666,767 | 706,164 | |||
| Net Movement In Funds |
(3,046) | (41,151) | (3,794) | 1,714,758 | 1,666,767 | 706,164 | ||
| Reconcgiatlon ofFunds: Balances brought forward Balances cerned forward |
2,894,870 2,891,824 |
844,565 803,414 |
208,712 204,918 |
12,812,581 14,527,339 |
16,760,728 18,427,495 |
16,054,564 16,760,728 |
| 30JUNE 2 | 022 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||||
| Notes | f | E | 6 | |||||||
| Fixed Assets | ||||||||||
| Tangible Fixed Assets |
10 | 5,426,519 | 5,494,491 | |||||||
| Chapel Investments |
11 12 |
Not valued 12,192,843 |
Not valued 11,026,091 |
|||||||
| 17,619,362 | 16,520,582 | |||||||||
| Current Assets | ||||||||||
| Debtors | 13 | 37,547 | 49,349 | |||||||
| Cash at Bank and | in | Hand | 854,644 | 268,088 | ||||||
| 892,191 | 317,437 | |||||||||
| Less: | ||||||||||
| Creditors: | Amounts | falling | due within | |||||||
| one year | 14 | 42,869 | 35,666 | |||||||
| Net Current Assets | 849,322 | 281,771 | ||||||||
| Total Assets less | Current | Liabilities | ||||||||
| Creditors: | Amounts | falling | due after | |||||||
| more than | one year | 15 | 41,189 | 41,625 | ||||||
| 18,427,495 | 16,760,728 | |||||||||
| Capital and Reserves Permanent Endowment |
17 | 14,527,339 | 12,812,581 | |||||||
| Restricted | Funds | 204,918 | 208,712 | |||||||
| Designated | Funds | 16 | 803,414 | 844,565 | ||||||
| Income Account | 2,891,824 | 2,894,870 | ||||||||
| 18,427,495 | 16,760,728 |
| 3.Almshouse Running Costs |
|||||
|---|---|---|---|---|---|
| Income | Other | Designated | Total | Total | |
| Account 6 |
Funds f |
Funds f |
2022 6 |
2021 6 |
|
| Rates and Insurance | 31,705 | 31,705 | 22,658 | ||
| Heating and Lighting |
37,320 | 37,320 | 25,598 | ||
| Staff Costs and Contractors | 18,646 | 18,646 | 13,122 | ||
| Upkeep of Grounds | 29,443 | 29,443 | 41,551 | ||
| Repairs and Renewals | 42,786 | 44,995 | 87,781 | 66,701 | |
| Architects and Surveyors Fees | 6,233 | 1,627 | 7,860 | 14,066 | |
| Refurbishment of Master's House |
72,616 | 72,616 | |||
| Sundries | 31,863 | 31,863 | 24,230 | ||
| Other Benefits for Residents | 4,899 | 4,899 | 2,343 | ||
| Master's Stipend and Expenses | 17,401 | 17,401 | 20,570 | ||
| Chapel Expenses | 11,767 | 11,767 | 10,283 | ||
| Depreciation | 22,397 | 29,339 | 51,736 | 51,736 | |
| Amount written off Property Improvements |
16,236 | 16,236 | 16,236 | ||
| Loan Interest | 5,590 | 5,590 | 5,646 | ||
| Bursar & Manager's Salaries |
33,573 | 33,573 | 30,854 | ||
| Office Expenses inc Telephone |
9,070 | 9,070 | 7,331 | ||
| 318,929 | 29,339 | 119,238 | 467,506 | 352,925 | |
| Restricted Funds |
3,794 | ||||
| Permanent Endowment |
25,545 | ||||
| 29,339 |
| 4.Other Costs | ||||||||
|---|---|---|---|---|---|---|---|---|
| Total | Total | |||||||
| 2022 | 2021 | |||||||
| 6 | ||||||||
| Bursar and Manager's | Salaries | 14,389 | 13,223 | |||||
| Audit and Accountancy | 9,732 | 8,976 | ||||||
| Trustee Indemnity Insurance |
3,766 | 2,459 | ||||||
| Sundry Expenses Legal Fees Office Expenses Bank Charges |
3,719 2,268 142 34,016 |
5,889 18,390 1,833 219 50,989 |
||||||
| 5.Grants Payable | ||||||||
| 2022 6 |
2021 f |
|||||||
| Abbots Bromley Hospital | 3,000 | |||||||
| Grants to individuals | 761 | 340 | ||||||
| 761 | 3,340 | |||||||
| 6.Employee Information |
2022 | 2021 | ||||||
| The average weekly | number | of persons employed | during the | |||||
| year, based on a full | time | equivalent | basis was: | |||||
| Office Staff | 1 | 1 | ||||||
| Master and Other staff | 2 | 2 | ||||||
| 3 | 3 | |||||||
| Staff costs are as follows; | ||||||||
| Wages and Salaries Social Security |
60,832 316 |
66,508 271 |
||||||
| Defined Benefit Pension | Contributions | 600 | 4,522 | |||||
| Defined Contribution |
Pension | contributions | 1,706 | 1,610 | ||||
| 63,454 | 72,911 |
| 9.Net Incoming Resou | rces | for | the Year a | re sta | ted after | charging: | ||
|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||
| E | E | |||||||
| Amounts written off Property |
Improvements | 16,236 | 16,236 | |||||
| Depreciation - Freehold Depreciation - Leasehold |
Property Property |
44,500 7,236 |
44,500 7,236 |
|||||
| Auditors Remuneration: |
||||||||
| In their capacity as auditors Other services |
5,400 4,332 |
4,600 4,376 |
||||||
| Trustee Indemnity Insurance |
3,766 | 2,459 | ||||||
| Interest payable on loan |
wholly or partly repayable more than five years |
in | 5,590 | 5,646 | ||||
| 10.Tangible Fixed Assets | ||||||||
| Freehold | Property | Leasehold | ||||||
| Land & | Improvements | Housing | 2022 | 2021 | ||||
| Buildings | Properties | |||||||
| E | E | E | E | E | ||||
| Costat1 July2021 | 5,241,123 | 1,260,056 | 549,964 | 7,051,143 | 7,051,143 | |||
| Cost at 30June 2022 | 5,241,123 | 1,260,056 | 549,964 | 7,051,143 | 7,051,143 | |||
| Depreciation at 1 July 2021 Charge for the year Depreciation at 30June 2022 |
178,000 44,500 222,500 |
1,226,696 16,236 1,242,932 |
151,956 7,236 159,192 |
1,556,652 67,972 1,624,624 |
1,488,680 67,972 1,556,652 |
|||
| Net Book Value 30June | 2022 | 5,018,623 | 17,124 | 390,772 | 5,426,519 | 5,494,491 |
| 12.Investments | |||
|---|---|---|---|
| 2022f | 2021 | ||
| Listed Investments | 3,662,740 | 4,571,297 | |
| Investment Portfolio Cash |
50,103 | 73,794 | |
| Investment Property |
8,480,000 | 6,381,000 | |
| 12,192,843 | 11,026,091 | ||
| UK Listed Investments | |||
| Market Value at 1 July 2021 Additions at cost |
4,571,297 772,780 |
3,603,143 1,293,363 |
|
| Disposals during the year Profit/(loss) on disposal |
(1,344,370) 77,482 |
(1,024,032) 53,670 |
|
| Net unrealised investment |
gains/(losses) | (414,449) | 645,153 |
| Market Value at 30June 2022 | 3,662,740 | 4,571,297 | |
| Cost at 30June 2022 | 3,211,844 | 2,883,489 | |
| Held as to: | |||
| Endowment Fund |
3,486,782 | 3,926,634 | |
| Building Fund Extraordinary Repair Fund |
175,958 3,662,740 |
197,263 447,400 4,571,297 |
|
| Investment Property |
|||
| 2022 | 2021 | ||
| F | |||
| Porffolio Valuation at 1 July 2021 |
6,381,000 | 6,381,000 | |
| Unrealised gain on revaluation Porffolio valuation at 30June 2022 |
2,099,000 8,480,000 |
6,381,000 | |
| Unrealised gains included Endowment Fund |
above: | 5,319,848 | 3,220,848 |
| 13.Debtors | ||
|---|---|---|
| 2022 | 2021 | |
| E | 8 | |
| Amounts falling due within one year: |
||
| Rental income | 13,816 | 10,312 |
| Prepayments Accrued income |
14,855 6,581 |
31,444 3,593 |
| Other debtors | 2,295 | 4,000 |
| 37,547 | 49,349 | |
| 14.Creditors | ||
| Amounts falling due within one year: |
||
| Rental income | 10,658 | 10,282 |
| Other creditors and accruals | 32,211 | 25,384 |
| 42,869 | 35,666 | |
| 15.Creditors | ||
| Amounts falling due after more than one year: Loan (secured) due 1-5 years Loan (secured) due more than 5 years |
2,880 38,309 41,189 |
2,680 38,945 41,625 |
| 16.Designated Funds |
|||||
|---|---|---|---|---|---|
| Cyclical | Extraordinary | Building Fund |
Total | ||
| Maintenance E |
Repairs | 2022 f |
2022 8 |
||
| Balance at 1 July 2021 Investment Income |
194,132 | 447,418 | 203,015 1,606 |
844,565 1,606 |
|
| Bank Deposit Interest Realised gain/ (loss) on disposal |
392 | 23,033 | (4,476) | 392 18,557 |
|
| Unrealised Gains/(Losses) |
on | ||||
| revaluation | (21,228) | (21,228) | |||
| Transfer from Income Account | 50,000 | 30,000 | 80,000 | ||
| 244,524 | 500,451 | 178,917 | 923,892 | ||
| Expenditure during the year Balance at 30June 2022 |
46,622 197,902 |
72,616 427,835 |
1,240 177,677 |
120,478 803,414 |
| ST JOHN'S LICHFIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 |
ST JOHN'S LICHFIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 |
ST JOHN'S LICHFIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022 |
||||
|---|---|---|---|---|---|---|
| 16.Designated Funds (continued) |
Cyclical | Extraordinary | Building | Total | ||
| Maintenance | Repairs | Fund | 2021 | |||
| 8 | 8 | |||||
| Balance at 1 July 2020 Investment Income |
213,559 | 375,229 15,137 |
588,788 15,137 |
|||
| Bank Deposit Interest Unrealised Gains/(Losses) revaluation |
on | 57,052 | 3,334 | 81 0 60,386 |
||
| Transfer from Income Account | 40,000 | 200,000 | 240,000 | |||
| 253,640 | 447,418 | 203,334 | 904,392 | |||
| Expenditure during the year Balance at 30June 2021 |
59,508 194,132 |
447,418 | 319 203,015 |
59,827 844,565 |
||
| 17.The assets and liabilities ofthe Charity | are represented | by the funds as detailed | ||||
| Total | Permanent | Restricted | Designated | Income | ||
| 2022f | Endowment 6 |
Funds | Funds E |
Account E |
||
| Tangible Fixed Assets Investments |
5,426,519 12,192,843 |
2,426,789 12,014,900 |
204,918 | 177,943 | 2,794,812 | |
| Debtors | 37,547 | 37,547 | ||||
| Cash at Bank and in Hand |
854,644 | 91,247 | 625,754 | 137,643 | ||
| Creditors: Within one year Creditors:More than one year |
(42,869) (41,189) 18,427,495 |
(5,597) 14,527,339 |
204,918 | (283) 803,414 |
(36,989) (41,189) 2,891,824 |
|
| Total | Permanent | Restricted | Designated | Income | ||
| 2021 | Endowment | Funds | Funds | Account | ||
| E | 6 | |||||
| Tangible Fixed Assets Investments |
5,494,491 11,026,091 |
2,452,334 10,375,375 |
208,712 | 650,716 | 2,833,445 | |
| Debtors | 49,349 | 49,349 | ||||
| Cash at Bank and in Hand |
268,008 | (8,919) | 194,168 | 122,839 | ||
| Creditors: Within one year Creditors:More than one year |
(35,666) (41,625) 16,800,728 |
(6,209) 12,812,581 |
208,712 | (319) 844,565 |
(29,138) (41,625) 2,934,870 |
| 20 Statement of Financial | Activitie | s -compar |
ative | s | ||||
|---|---|---|---|---|---|---|---|---|
| Income | Designated | Restricted | Permanent | Total | ||||
| Account | Funds | Fund | Endowment | 2021 | ||||
| 6 | ||||||||
| Income and Endowments | from: | |||||||
| Charitable Activities |
||||||||
| Maintenance Contributions |
244,301 | 244,301 | ||||||
| Investments | ||||||||
| Income from Listed Investments | 78,572 | 15,137 | 3,199 | 96,908 | ||||
| Bank Deposit Interest Rental Income |
16 114,679 |
81 | 97 114,679 |
|||||
| Donations and Legacies |
||||||||
| Other Trading Activities Car Park Income |
2,545 | 2,545 | ||||||
| Total Income | 440,113 | 15,218 | 3,199 | 458,530 | ||||
| Expenditure | ||||||||
| Charitable Activities |
||||||||
| Almshouse Running Costs |
264,078 | 59,508 | 3,794 | 25,545 | 352,925 | |||
| Grants Payable Other Costs |
3,340 50,989 |
3,340 50,989 |
||||||
| Raising Funds Investment Property Management Investment Management Charges Car Park Expenditure |
Expenditure | 19,562 851 |
319 | 23,203 | 19,562 23,522 851 |
|||
| Total | 338,820 | 59,827 | 3,794 | 48,748 | 451,189 | |||
| Net Gains/(Losses) on Investments |
||||||||
| Realised - Listed Investments | 12 | 53,670 | 53,670 | |||||
| Unrealised - Listed Investments |
12 | 60,386 | 584,767 | 645,153 | ||||
| Net Income/(Expenditure) | 101,293 | 15,777 | (3,794) | 592,888 | 706,164 | |||
| Transfer between funds |
240,000 | 240,000 | ||||||
| Net Movement in Funds |
(138,707) | 255,777 | (3,794) | 592,888 | 706,164 | |||
| Reconciliation ofFunds: |
||||||||
| Balances brought forward Balances carried forward |
3,033,577 2,894,870 |
588,788 844,565 |
212,506 208,712 |
12,219,693 12,812,581 |
16,054,564 16,760,728 |