##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|30JUNE 2|023||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||2023||2022||
||||||Notes||E|F||E|
|Fixed Assets|||||||||||
|Tangible
Fixed Assets||||||10||5,358,547||5,426,519|
|Chapel||||||11||Not valued||Not valued|
|Investments||||||12||12,255,415||12,192,843|
|||||||||17,613,962||17,619,362|
|Current Assets|||||||||||
|Debtors||||||13|42,566||37,547||
|Cash at Bank and||in|Hand||||317,297||854,644||
||||||||359,863||892,191||
|Less:|||||||||||
|Creditors:|Amounts||falling|due within|||||||
|||||one year||14|77,133||42,869||
|Net Current Assets||||||||282,730||849,322|
|Total Assets less||Current||Liabilities|||||||
|Creditors:|Amounts||falling|due after|||||||
||more than|||one year||15||40,693||41,189|
|||||||||17,855,999||18,427,495|
|Capital and Reserves||||||17|||||
|Permanent|Endowment|||||||14,553,359||14,527,339|
|Restricted|Funds|||||||201,124||204,918|
|Designated|Funds|||||16||273,342||803,414|
|Income Account||||||||2,828,174||2,891,824|
|||||||||17,855,999||18,427,495|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||Income|Other|Designated|Total|Total|
|---|---|---|---|---|---|---|---|
||||Account
f|Funds
f|Funds
f|2023f|2022|
|Rates and Insurance|||41,097|||41,097|31,705|
|Heating
and Lighting|||43,282|||43,282|37,320|
|Staff Costs and Contractors|||23,286|||23,286|18,646|
|Upkeep of Grounds|||20,684|||20,684|29,443|
|Repairs and Renewals|||61,685||31,679|93,364|87,781|
|Architects
and Surveyors||Fees|||||7,860|
|Refurbishment
of Master's||House|||614,765|614,765|72,616|
|Sundries|||28,268|||28,268|31,863|
|Other Benefits for Residents|||1,973|||1,973|4,899|
|Master's
Stipend and|Expenses||39,054|||39,054|17,401|
|Chapel Expenses|||9,733|||9,733|11,767|
|Depreciation|||22,397|29,339||51,736|51,736|
|Amount
written
off Property||||||||
|Improvements|||16,236|||16,236|16,236|
|Loan Interest|||5,527|||5,527|5,590|
|Bursar 8 Manager's|Salaries||37,377|||37,377|33,573|
|Office Expenses inc|Telephone||8,348|||8,348|9,070|
||||358,947|29,339|646,444|1,034,730|467,506|
|Restricted
Funds||||3,794||||
|Permanent
Endowment||||25,545||||
|||||29,339||||
##
##
|4.Other Costs||||||||
|---|---|---|---|---|---|---|---|
|||||||Total|Total|
|||||||2023|2022|
|||||||E|6|
|Bursar and Manager's||Salaries||||16,018|14,389|
|Audit and Accountancy||||||11,555|9,732|
|Trustee
Indemnity|Insurance|||||3,766|3,766|
|Sundry Expenses||||||6,756|3,719|
|Legal Fees||||||360||
|Office Expenses||||||2,087|2,268|
|Bank Charges||||||91|142|
|||||||40,633|34,016|
|5.Grants Payable||||||||
|||||||2023|2022|
|||||||6|6|
|Grants to individuals||||||1,350|761|
|||||||1,350|761|
|6.Employee
Information||||||||
|||||||2023|2022|
|The average weekly|number of persons|||employed|during the|||
|year, based on a full time equivalent|||basis was:|||||
|Office Staff||||||||
|Master and Other staff||||||||
|Staff costs are as follows:||||||||
|Wages and Salaries||||||88,438|60,832|
|Social Security||||||2,117|316|
|Defined Benefit Pension||Contributions||||8,320|600|
|Defined
Contribution|Pension contributions|||||1,876|1,706|
|||||||100,751|63,454|
##
##
##
##
|12.Investments|||||
|---|---|---|---|---|
||||2023|2022|
||||E||
|Listed Investments|||3,703,953|3,662,740|
|Investment
Portfolio Cash|||71,462|50,103|
|Investment
Property|||8,480,000|8,480,000|
||||12,255,415|12,192,843|
|UK Listed Investments|||||
|Market Value at 1 July 2022|||3,662,740|4,571,297|
|Additions
at cost|||714,552|772,780|
|Disposals
during|the year||(756,631)|(1,344,370)|
|Profit/(loss)
on disposal|||48,738|77,482|
|Net unrealised
investment||gains/(losses)|34,554|414,449|
|Market Value at 30June 2023|||3,703,953|3,662,740|
|Cost at 30June|2023||3,403,162|3,211,844|
|Held as to:|||||
|Endowment
Fund|||3,517,682|3,486,782|
|Building
Fund|||186,271|175,958|
||||3,703,953|3,662,740|
|Investment
Property|||||
||||2023|2022|
||||F|6|
|Portfolio Valuation|at 1 July 2022||8,480,000|6,381,000|
|Unrealised
gain on revaluation||||2,099,000|
|Portfolio valuation|at 30June 2023||8,480,000|8,480,000|
|Unrealised
gains|included|above:|||
|Endowment
Fund|||5,319,948|5,319,948|
##
##
|13.Debtors|||
|---|---|---|
||2023|2022|
||E|E|
|Amounts
falling due within one year:|||
|Rental income|10,687|13,816|
|Prepayments|20,459|14,855|
|Accrued income|10,035|6,581|
|Other debtors|1,385|2,295|
||42,566|37,547|
|14.Creditors|||
|Amounts
falling due within one year:|||
|Rental income|10,473|10,658|
|Other creditors and accruals|66,660|32,211|
||77,133|42,869|
|15.Creditors|||
|Amounts
falling due after more than one year:|||
|Loan (secured) due 1-5 years|3,750|2,880|
|Loan (secured) due more than 5years|36,943|38,309|
||40,693|41,189|
##
|16.Design|ated
Funds|||||||
|---|---|---|---|---|---|---|---|
||||Cyclical|Extraordinary|Building|Fund|Total|
||||Maintenance|Repairs|2023||2023|
||||E|E|||K|
|Balance at|1 July 2022||197,902|427,835|177,677||803,414|
|Investment|Income|||||2,750|2,750|
|Bank Deposit Interest|||5,685||||5,685|
|Realised gain/ (loss) on disposal||||||1,825|1,825|
|Unrealised|Gains/(Losses)|on||||||
||revaluation|||||7,281|7,281|
|Transfer from Income Account|||30,000|70,000|||100,000|
||||233,587|497,835|189,533||920,955|
|Expenditure|during the year||31,679|427,835|188,099||647,613|
|Balance at|30June 2023||201,908|70,000||1,434|273,342|
##
##
|||||Cyclical|Extraordinary|Building|Total|
|---|---|---|---|---|---|---|---|
|||||Maintenance
F|Repairs
f|Fundf|2022|
|Balance at 1 July 2021||||194,132|447,418|203,015|844,565|
|Investment
Income||||||1,606|1,606|
|Bank Deposit Interest||||392|||392|
|Realised Gain/(Loss)|on disposal||||23,033|(4,476)|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||||46,622|72,616|1,240|120,478|
|Balance at 30June 2022||||197,902|427,835|177,677|803,414|
|17.The assets and liabilities of|||the Charity are represented||by the funds as|detailed||
||||Total|Permanent|Restricted|Designated|Income|
||||2023f|Endowment
f|Funds
F|Funds
f|Account
f|
|Tangible
Fixed Assets|||5,358,547|2,401,244|201,124||2,756,179|
|Investments|||12,255,415|12,066,754||1,434|187,227|
|Debtors|||42,566||||42,566|
|Cash at Bank and
in Hand|||317,297|91,026||271,908|(45,637)|
|Creditors: Within one|year||(77,133)|(5,665)|||(71,468)|
|Creditors:More
than one year|||40,693||||40,693|
||||17,855,999|14,553,359|201,124|273,342|2,828,174|
||||Total|Permanent|Restricted|Designated|Income|
||||2022f|Endowment
f|Funds
f|Funds
f|Account|
|Tangible
Fixed Assets|||5,426,519|2,426,789|204,918||2,794,812|
|Investments|||12,192,843|12,014,900||177,943||
|Debtors|||37,547||||37,547|
|Cash at Bank and in Hand|||854,644|91,247||625,754|137,643|
|Creditors:
Within one|year||(42,869)|(5,597)||(283)|(36,989)|
|Creditors:More
than one year|||41,189||||41,189|
||||18,427,495|14,527,339|204,918|803,414|2,891,824|
##
##
##