| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Income | Capital | Total | Total | ||
| Incoming resources | |||||
| Charitable activities |
|||||
| Residents' contributions |
55,944 | 55,944 | 55,650 | ||
| Investment income |
|||||
| Dividend and interest payments |
5,630 | 5,630 | 4,572 | ||
| Interest received | 40 | 40 | |||
| Total incoming resources | 61,614 | 61,614 | 60,222 | ||
| Resources expended | |||||
| Investment management |
costs | ||||
| Portfolio management | 2,382 | 2,382 | 2,291 | ||
| Charitable activities |
|||||
| Property expenses | 32,577 | 32,577 | 32,416 | ||
| Christmas gifts to residents |
2,415 | 2,415 | 1,225 | ||
| 37,374 | 37,374 | 35,932 | |||
| Support costs | |||||
| Administration | 2,230 | 2,230 | 2,795 | ||
| Cost ofCharitable activities |
39,604 | 39,604 | 38,727 | ||
| Governance | |||||
| Accountancy | 1,500 | 1,500 | 1,500 | ||
| Independent examiner's |
fee | 1,350 | 1,350 | 1,300 | |
| Total resources expended | 42,454 | 42,454 | 41,527 | ||
| Net incoming | |||||
| resources for the year | 19,160 | 19,160 | 18,695 | ||
| Recognised gains and (losses) | |||||
| Freehold Property | |||||
| Increase in market value | 620,000 | ||||
| Investments | |||||
| Realised | 272 | 1,804 | 2,076 | 2,039 | |
| Unrealised (Note 4) |
(1,664) | (11,046) | (12,710) | 9,695 | |
| Net movement in funds |
17,768 | (9,242) | 8,526 | 650,429 | |
| Balances at 6April 2022 | 256,912 | 1,849,788 | 2,106,700 | 1,456,271 | |
| Balances at 5April 2023 | 274,680 | 61,840,546 | f2,115,226 | X2,106,700 |
| BALANCE | SH | EE | T 5April 2023 | |||
|---|---|---|---|---|---|---|
| Notes | 2023 | 2022 | ||||
| Fixed Assets | ||||||
| Freehold Property | 1,820,000 | 1,820,000 | ||||
| Investments | 4 | 247,971 | 255,318 | |||
| 2,067,971 | 2,075,318 | |||||
| Current Assets |
||||||
| Debtors | 5 | 3,946 | 6,103 | |||
| Bank Balances | 49,081 | 30,725 | ||||
| 53,027 | 36,828 | |||||
| Creditors: amounts | falling due | |||||
| within one year | ||||||
| Sundry creditors | 6 | 5,772 | 5,446 | |||
| Net Current | Assets | 47,255 | 31,382 | |||
| Total Assets | less Current Liabilities | f2,115,226 | f2,106,700 | |||
| Unrestricted | Funds | |||||
| Capital Fund | 1,840,546 | 1,849,788 | ||||
| Income Funds | ||||||
| Major Repairs | Reserve | 53,851 | 53,506 | |||
| Accumulated | Income | 220,829 | 203,406 | |||
| f2,115,226 | f2,106,700 |
| 4.Investments | 2023 | 2022 | ||||
|---|---|---|---|---|---|---|
| Cost | ||||||
| At 6 April 2022 | 208,684 | 190,848 | ||||
| Acquisitions | 19,002 | 30,927 | ||||
| Disposals | (10,338) | (13,091) | ||||
| At 5 April 2023 | 217,348 | 208,684 | ||||
| Surplus on revaluation | ||||||
| At 6April 2022 | 39,132 | 29,437 | ||||
| (Decrease) / Increase |
during | the year | (12,709) | 9,695 | ||
| At 5 April 2023 | 26,423 | 39,132 | ||||
| Market Value | ||||||
| At 5 April 2023 | f243,771 | f247,816 | ||||
| Investments at Market Value comprised: |
||||||
| Fixed interest | 31,314 | 26,962 | ||||
| UK Equities &funds | 66,596 | 67,022 | ||||
| Overseas Equities & | funds | 106,185 | 105,500 | |||
| Alternative assets |
30,913 | 35,710 | ||||
| Property funds | 8,763 | 12,622 | ||||
| 243,771 | 247,816 | |||||
| Uninvested cash |
4,200 | 7,502 | ||||
| 8247,971 | f255,318 | |||||
| At 5 April 2023 the charity held the following | investments | individually | ||||
| representing in excess of5'/o |
ofthe total value | ofthe portfolio: | ||||
| Market | ||||||
| '/o | Cost | Value | ||||
| Artemis Institutional | Income | Fund | ||||
| 2,900Income units | 6.21 | 13,722 | 15,140 | |||
| BNY Mellon Newton | Global | Income Fund | ||||
| 7,507 U Income units | 8.70 | 12,238 | 21,201 | |||
| Fil UK Global Dividend Fund |
||||||
| 9,400 W Income units | 8.59 | 17,931 | 20,953 | |||
| Lindsell Train UK Equity Fund | ||||||
| 5,775 Income units | 8.20 | 17,747 | 20,311 | |||
| Link Fund Sol Ltd | ||||||
| 10,000Trojan income units | 5.18 | 10,994 | 12,639 | |||
| Liontrust Special Situations | ||||||
| 3500Income units | 6.82 | 17,014 | 16,634 | |||
| IP Morgan UK Equity Income Fund | ||||||
| 2,000 C Income units | 6.14 | 7,971 | 14,959 |
| 5. | Debtors | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| g | ||||
| Insurance paid in advance |
1,339 | 1,536 | ||
| Residents' contributions |
2,607 | 2,371 | ||
| Funds held by agents | 2,196 | |||
| 3,946 | 6,103 | |||
| 6. | LiabiTities: Amounts | falling due within one year | ||
| 2023 | 2022 | |||
| Shone Cutler Limited | 2,000 | 2,000 | ||
| Mrs J.J.Gupwel( | 1,350 | 1,350 | ||
| Simkins Associates | 1,350 | 1,300 | ||
| Severn Trent | 562 | 796 | ||
| Funds owed to Agent | 510 | |||
| f5,772 | 5,446 |
| 7.Movements in Funds |
|||||
|---|---|---|---|---|---|
| Capital | Major | Accumulated | |||
| Fund | Repairs | Income | Total | ||
| At 6April 2022 | 1,849,788 | 53,506 | 203,406 | 2,106,700 | |
| Net movement in funds |
|||||
| for the year (page 5) | (9,242) | 345 | 17,423 | 8,526 | |
| At 5 April 2023 | f1,840,546 | f53,851 | f220,829 | 2,115,226 | |
| 8.Analysis ofAssets between Funds | |||||
| Capital | Major | Accumulated | |||
| Fund | Repairs | Income f |
Total | ||
| At 5April 2023 | |||||
| Freehold properties | 1,820,000 | 1,820,000 | |||
| Listed investments | 20,546 | 53,851 | 169,374 | 243,771 | |
| Uninvested cash |
4,200 | 4,200 | |||
| Bank balances | 49,081 | 49,081 | |||
| Debtors | 3,946 | 3,946 | |||
| 1,840,546 | 53,851 | 226,601 | 2,120,998 | ||
| Less Creditors | (5,772) | (5,772) | |||
| 1,840,546 | I53,851 | 220,829 | 2,115,226 | ||
| At 5April 2022 | |||||
| Freehold properties | 1,820,000 | 1,820,000 | |||
| Listed investments | 29,788 | 53,506 | 164,523 | 247,817 | |
| Uninvested cash |
7,501 | 7,501 | |||
| Bank balances | 30,725 | 30,725 | |||
| Debtors | 6,103 | 6,103 | |||
| 1,849,788 | 53,506 | 208,852 | 2,112,146 | ||
| Less Creditors | (5,446) | (5,446) | |||
| f1,849,788 | f53,506 | f203,406 | f2,106,700 |