| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 4 |
| Report ofthe Independent Auditors |
5 | to | 7 |
| Statement ofFinancial Activities | |||
| Balance Sheet | |||
| Notes tothe Financial Statements | 10 | to | 21 |
| Detailed Statement ofFinancial Activities | 22 | to | 23 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | ||||
| funds | funds | funds | funds | funds | ||||
| Notes | f | E | E | f | f | |||
| INCOME AND | ENDOWMENTS | |||||||
| FROM | ||||||||
| Donations and |
legacies | 234 | ||||||
| Charitable activities |
||||||||
| Almshouse | activity | 264,809 | 264,809 | 235,848 | ||||
| Investment income |
1,148 | 1,148 | 1,082 | |||||
| Total | 265,957 | 265,957 | 237,164 | |||||
| EXPENDITURE | ON | |||||||
| Charitable activities |
||||||||
| Almshouse | activity | 188,166 | 188,166 | 212,094 | ||||
| Other | ||||||||
| Revaluation | deficit | reversal | (27,829) | (27,829) | (7,940) | |||
| Total | 160,337 | 160,337 | 204,154 | |||||
| 105,620 | 105,620 | 33,010 | ||||||
| Net gains on investments | 4,242 | 4,242 | 11,878 | |||||
| NET INCOME | 109,862 | 109,862 | 44,888 | |||||
| Transfers between funds |
18 | ~18,923) | 18,923 | |||||
| Other recognised gains/(losses) | ||||||||
| Gains on revaluation | offixed assets | 515,422 | 515,422 | 489,686 | ||||
| Net movement | in funds | 902939 | 534,345 | 625,284 | 534,574 | |||
| RECONCILIATION OF |
FUNDS | |||||||
| Total funds brought forward | 268,278 | 830,942 | 4,469,837 | 5,569,057 | 5,034,483 | |||
| TOTAL FUNDS | CARRIED | |||||||
| FORWARD | 339,227 | 830,942 | 5,004,182 | 6,194,341 | 5,569,057 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | ||
| funds | funds | funds | funds | funds | ||
| Notes | E | E | E | E | ||
| FIXEDASSETS | ||||||
| Tangible assets | 11 | 830,942 | 5,785,259 | 6,616,201 | 6,072,950 | |
| investments | 12 | 85,462 | 85,462 | 81,220 | ||
| 85,462 | 830,942 | 5,785,259 | 6,701,663 | 6,154,170 | ||
| CURRENT ASSETS | ||||||
| Debtors | 13 | 8,395 | 8,395 | 7,781 | ||
| Cash at bank | 294,452 | 294,452 | 285,004 | |||
| 302,847 | 302,841 | 292,785 | ||||
| CREDITORS | ||||||
| Amounts falling due within one |
||||||
| year | 14 | (29,092) | (19,903) | (48,995) | (96,821) | |
| NET CURRENT ASSETS | 273,755 | (19,903) | 253,852 | 195,964 | ||
| TOTAL ASSETSLESSCURRENT | ||||||
| LIABILITIES | 3S9,217 | 830,942 | 5,765,356 | 6,955,515 | 6,350,134 | |
| CREDITORS | ||||||
| Amounts falling due after more |
||||||
| than one year | 15 | (761,174) | (761,114) | (781,077) | ||
| 359,217 | 830,942 | 5,004,182 | 6,194,341 | 5,569,057 | ||
| FUNDS | 18 | |||||
| Unrestricted funds |
359,217 | 268,278 | ||||
| Restricted funds | 830,942 | 830,942 | ||||
| Endowment funds |
5,004,182 | 4,469,837 | ||||
| TOTAL FUNDS | 6,194,541 | 5,569,957 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| f | f | |||
| Wayleaves | 12 | |||
| Dividends Receivable |
952 | 1,009 | ||
| COIF deposit account | interest | 196 | 61 | |
| 1,148 | 1,082 | |||
| INCOME FROM | CHARITABLE ACTIVITIES | |||
| 2022 | 2021 | |||
| Almshouse | Total | |||
| activity f |
activities f |
|||
| Contributions receivable |
||||
| Contributions | due | 256,589 | 2468939 | |
| Losses from voids | (3,262) | (22,032) | ||
| 253,327 | 224,907 | |||
| Gas contributions | receivable | 9,232 | 9,192 | |
| Water contributions | receivable | 2,250 | 1,749 | |
| 284,888 | 288,848 |
| 5. | CHARITABLE ACTIVITIES COSTS | CHARITABLE ACTIVITIES COSTS | |||||
|---|---|---|---|---|---|---|---|
| Direct | Support | ||||||
| Costs | (see | costs (see | |||||
| note 6) f |
note 7) f |
Totals f |
|||||
| Almshouse activity |
139,196 | 48,970 | 188,166 | ||||
| 6. | DIRECT COSTS OF CHARITABLE ACTIVITIES | ||||||
| 2022 | 2021 | ||||||
| f | f | ||||||
| Staff costs | 2,400 | 2,800 | |||||
| Vacant property costs | 923 | 2,085 | |||||
| Water charges | 3,911 | 3,290 | |||||
| Insurance | 3,888 | 3,736 | |||||
| Light and heat | 9,001 | 11,165 | |||||
| Repairs and Maintenance | 36,935 | 21,834 | |||||
| Cyclical maintenance | 11,453 | 38,066 | |||||
| Extraordinary | repairs | 7,640 | 33,191 | ||||
| Gardening | 11,418 | 10,847 | |||||
| Careline | 5,881 | 4,710 | |||||
| Cleaner | 1,158 | 581 | |||||
| Telephone | 2,760 | 2,670 | |||||
| Bad debts | 475 | ||||||
| Sundry expenses | 2,192 | 837 | |||||
| Housing loan interest charges |
39,636 | 40,536 | |||||
| 139,196 | 126,823 | ||||||
| 7. | SUPPORT COSTS | ||||||
| Governance | |||||||
| Management | Finance | costs | Totals | ||||
| f | f | f | f | ||||
| Almshouse activity |
38,973 | 373 | 9,624 | 48,970 |
| SUPPORT COSTS - conti Support costs, included |
nued in the above, are as follows: |
||
|---|---|---|---|
| 2022 | 2021 | ||
| Almshouse | Total | ||
| activity E |
activities f |
||
| Wardens Salary | 2,400 | 2,800 | |
| Clerks fees | 25,350 | 24,600 | |
| Professional | 10,914 | 306 | |
| Subscriptions | 309 | 295 | |
| Bank charges | 373 | 370 | |
| Auditors' remuneration |
2,916 | 1,458 | |
| Auditors' remuneration |
for non audit work | 5,604 | 5,442 |
| Legal fees | 1,104 | ||
| 48,970 | 35,271 |
| STAFF | COS | TS | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| E | f | |||
| Wages | and | salaries | 4,800 | 5,600 |
| 4,800 | 5,600 |
| Unrestricted | Restricted | Endowment | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| E | f | f | E | |||
| INCOME AND ENDOWMENTS | FROM | |||||
| Donations and legacies |
234 | 234 | ||||
| Charitable activities |
||||||
| Almshouse activity |
235,848 | 235,848 | ||||
| Investment income |
1,082 | 1,082 | ||||
| Total | 237,164 | 237,164 | ||||
| EXPENDITURE ON | ||||||
| Charitable activities |
||||||
| Almshouse activity |
212,094 | 212,094 | ||||
| Other | ||||||
| Revaluation deficit |
reversal | (7,940) | (7,940) | |||
| Total | 204,154 | 204,154 | ||||
| 33,010 | 33,010 | |||||
| Net gains on investments | 11,878 | 11,878 | ||||
| NET INCOME/(EXPENDITURE) | 44,888 | 44,888 | ||||
| Transfers between funds |
(30,322) | 30,322 | ||||
| Other recognised gains/(losses) |
||||||
| Gains on revaluation | offixed assets | 15,373 | 474,313 | 489,686 | ||
| Net movement in funds |
14,566 | 15,373 | 504,635 | 534,574 | ||
| RECONCILIATION OF |
FUNDS | |||||
| Total funds brought | forward | 253,712 | 815,569 | 3,965,202 | 5,034,483 | |
| TOTAL FUNDS CARRIED FORWARD | 268,278 | 830,942 | 4,469,837 | 5,569,057 |
| TANGIBLE FIXEDASSETS | |||
|---|---|---|---|
| Housing | |||
| Land f |
properties f |
Total f |
|
| COST OR VALUATION | |||
| At 1June 2021 | 200,000 | 5,872,950 | 6,072,950 |
| Revaluations | 543,251 | 543,251 | |
| At 31May 2022 | 200,000 | 6,416,201 | 6,616,201 |
| NET BOOK VALUE | |||
| At 31May 2022 | 200,000 | 6,416,201 | 6,616,201 |
| At 31May 2021 | 200,000 | 5,872,950 | 6,072,950 |
| revalued during t f6,416,201. |
he year ended 31 May 2022 | he year ended 31 May 2022 | at their insu | rance reinstatement |
value as at 3 |
0 June 2022 o | |
|---|---|---|---|---|---|---|---|
| Cost or valuation | at 31May 2022 is represented | by: | |||||
| Accumulated revaluation |
gains | 200,000 | 2,624,086 | 2,824,086 | |||
| Cost | 3,792,115 | 3,792,115 | |||||
| 200,000 | 6,416,201 | 6,616,201 | |||||
| 12. | FIXEDASSET INVESTIVIENTS | ||||||
| Listed | |||||||
| investments | |||||||
| f | |||||||
| MARKET VALUE | |||||||
| At 1June 2021 | 81,220 | ||||||
| Revaluations | 4,242 | ||||||
| At 31May 2022 | 85,462 | ||||||
| NET BOOK VALUE | |||||||
| At 31May 2022 | 85,462 | ||||||
| At 31May 2021 | 81,220 | ||||||
| Cost or valuation | at 31May 2022 is represented | by: | |||||
| Accumulated revaluation |
gains | 19,904 | |||||
| Cost | 65,558 | ||||||
| 85,462 |
| 13. | DEBTORS:AMOUNTS | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| f | f | |||||
| Contributions | in arrears | 5,788 | 5,426 | |||
| Other debtors | 1,082 | 403 | ||||
| Prepayments | and accrued income | 1,525 | 1,952 | |||
| 8,395 | 7,781 | |||||
| 14. | CREDITORS: AMOUNTS | FALUNG DUE WITHIN ONE YEAR | ||||
| 2022 | 2021 | |||||
| f | f | |||||
| Bank loans (see note | 16) | 19,903 | 18,923 | |||
| Contributions | in advance | 8,669 | 6,923 | |||
| Other creditors | 8,982 | 61,136 | ||||
| Accruals and | deferred | income | 11,441 | 9,839 | ||
| 48,995 | 96,821 | |||||
| 15. | CREDITORS: AMOUNTS | FALLING DUE AFTER MORE THAN ONE YEAR | ||||
| 2022 | 2021 | |||||
| f | f | |||||
| Bank loans (see note | 16) | 761,174 | 761,077 |
| 16. | BANKS LOANS | BANKS LOANS | BANKS LOANS | BANKS LOANS | ||
|---|---|---|---|---|---|---|
| An analysis ofthe maturity ofloans is given below: |
||||||
| 2022 | 2021 | |||||
| f | f | |||||
| Amounts | falling due within one year on | demand: | ||||
| Housing | Loan | 19,903 | 18,923 | |||
| Amounts | falling between one and two years: | |||||
| Housing | loan 1-2Years | 20,726 | 19,903 | |||
| Amounts | falling due between two and five years: | |||||
| Housing | Loan 2-5 Years | 69,596 | 65,963 | |||
| Amounts | falling due in more than five years: | |||||
| Repayable | by instalments: | |||||
| Housing | Loan more than 5Years | 670,850 | 695,191 | |||
| 17. | SECURED | DEBTS | ||||
| The following secured debts are included | within creditors: | |||||
| 2022 | 2021 | |||||
| f | f | |||||
| Bankloans | 761,077 | 800,000 |
| MOVEMENT IN FUN |
DS | |||||||
|---|---|---|---|---|---|---|---|---|
| Net | Transfers | |||||||
| movement | between | At | ||||||
| At 1.6.21 | in funds | funds | 31.5.22 | |||||
| f | f | f | E | |||||
| Unrestricted funds |
||||||||
| Cyclical Maintenance | Reserve | 114,226 | (8,909) | 34,400 | 139,717 | |||
| Extraordinary Repair |
Reserve | (7,640) | 22,293 | 14,653 | ||||
| Revenue Reserve | 154,052 | 126,411 | (75,616) | 204,847 | ||||
| 268,278 | 109,862 | (18,923) | 359,217 | |||||
| Restricted funds | ||||||||
| Social Housing Grant | Fund | 378,777 | 378,777 | |||||
| Colchester BCGrant Fund 1-7Winnocks Colchester |
BCGrant Fund | 2,759 449,406 |
2,759 449,406 |
|||||
| 830,942 | 830,942 | |||||||
| Endowment funds |
||||||||
| Charitable Fund Property |
Reserve | 2,161,173 | 18,923 | 2,180,096 | ||||
| Housing Properties |
Revaluation | Reserve | 2,308,664 | 515,422 | 2,8244086 | |||
| 4,469,837 | 515,422 | 18,923 | 5,004,182 | |||||
| TOTAL FUNDS | 5,569,057 | 625,284 | 6,194,941 |
| Incoming | Resources | Gains and | Movement | ||||
|---|---|---|---|---|---|---|---|
| resources f |
expended f |
losses E |
in funds E |
||||
| Unrestricted funds |
|||||||
| Cyclical Maintenance | Reserve | (11,453) | 2,S44 | (8,909) | |||
| Extraordinary Repair |
Reserve | (7,640) | (77640) | ||||
| Revenue Reserve | 265,957 | (141,244) | 1,698 | 126,411 | |||
| 265,957 | (160,337) | 4,242 | 109,862 | ||||
| Endowment funds |
|||||||
| Housing Properties |
Revaluation | Reserve | 515,422 | 515,422 | |||
| TOTAL FUNDS | 265,957 | (160,337) | 519,664 | 625,284 |
| Net | Transfers | ||||||
|---|---|---|---|---|---|---|---|
| movement | between | At | |||||
| At 1.6.20 | in funds | funds | 31.5.21 | ||||
| f | f | f | f | ||||
| Unrestricted funds |
|||||||
| Cyclical Maintenance | Reserve | 111,588 | (30,836) | 33,474 | 114,226 | ||
| Revenue Reserve | 142,124 | 75,724 | (63,796) | 154,052 | |||
| 253,712 | 44,888 | (30,322) | 268,278 | ||||
| Restricted funds | |||||||
| Social Housing Grant Fund |
366,154 | 12,623 | 378,777 | ||||
| Colchester BCGrant Fund 1-7Winnocks Colchester |
BCGrant Fund | 2,668 446,747 |
91 2,659 |
2,759 449,406 |
|||
| 815,569 | 15,373 | 830,942 | |||||
| Endowment funds |
|||||||
| Charitable Fund Property |
Reserve | 2,065,976 | 64,875 | 30,322 | 2,161,173 | ||
| Housing Properties | Revaluation | Reserve | 1,899,226 | 409,438 | 2,308,664 | ||
| 3,965,202 | 474,313 | 30,322 | 4,469,837 | ||||
| TOTAL FUNDS | 5,034,463 | 534.574 | 5,569,057 |
| incoming | Resources | Gains and | Movement | ||||
|---|---|---|---|---|---|---|---|
| resources f |
expended f |
losses f |
in funds f |
||||
| Unrestricted funds |
|||||||
| Cyclical Maintenance | Reserve | (38,066) | 7,230 | (30,836) | |||
| Revenue Reserve |
237,165 | (166,088) | 4,648 | 75,724 | |||
| 237,164 | (204,154) | 11,878 | 44,888 | ||||
| Restricted funds | |||||||
| Social Housing Grant Fund | 12,623 | 12,623 | |||||
| Colchester BCGrant |
Fund | 91 | 91 | ||||
| 1-7Winnocks Colchester | BCGrant Fund | 2,659 | 2,659 | ||||
| 15,373 | 15,373 | ||||||
| Endowment funds |
|||||||
| Charitable Fund Property |
Reserve | 64,875 | 64,875 | ||||
| Housing Properties | Revaluation | Reserve | 409,438 | 409,438 | |||
| 474,313 | 474,313 | ||||||
| TOTAL FUNDS | 237,164 | (204,154) | 501,564 | 534,574 |
| 2022 | 2021 | ||
|---|---|---|---|
| E | f | ||
| INCOME AND ENDOWMENTS | |||
| Donations and legacies |
|||
| Donations | 234 | ||
| Investment income |
|||
| Wayleaves | 12 | ||
| Dividends Receivable |
952 | 1,009 | |
| COIF deposit account | interest | 196 | 61 |
| 1,148 | 1,082 | ||
| Charitable activities |
|||
| Contributions receivable |
|||
| Contributions due |
256,589 | 246,939 | |
| Losses from voids | (3,262) | (22,032) | |
| Gas contributions receivable |
9,232 | 9,192 | |
| Water contributions | receivable | 2,250 | 1,749 |
| 264,809 | 235,848 | ||
| Total incoming resources | 265,957 | 237,164 | |
| EXPENDITURE | |||
| Charitable activities |
|||
| Wardens salary |
2,400 | 2,800 | |
| Vacant property costs | 923 | 2,085 | |
| Water charges | 3,911 | 3,290 | |
| Insurance | 3,888 | 3,736 | |
| Light and heat | 9,001 | 11,165 | |
| Repairs and Maintenance | 36,935 | 21,834 | |
| Cyclicalmaintenance | 11,453 | 38,066 | |
| Extraordinary repairs |
7,640 | 33,191 | |
| Gardening | 11,418 | 10,847 | |
| Careline | 5,881 | 4,710 | |
| Cleaner | 1,158 | 581 | |
| Telephone | 2,760 | 2,670 | |
| Bad debts | 475 | ||
| Sundry expenses | 2,192 | 837 | |
| Bank loan interest | 39,636 | 40,536 | |
| 139,196 | 176,823 | ||
| Other | |||
| Revaluation deficit reversal |
(27,829) | (7,940) |
| 2022 | 2021 | |||
|---|---|---|---|---|
| E | E | |||
| Support costs | ||||
| Management | ||||
| Wardens Salary |
2,400 | 2,800 | ||
| Clerks fees | 25,350 | 24,600 | ||
| Professional | fees | 10,914 | 306 | |
| Subscriptions | 309 | 295 | ||
| 38,973 | 28,001 | |||
| Finance | ||||
| Bank charges | 370 | |||
| Governance | costs | |||
| Auditors' remuneration |
2,916 | 1,458 | ||
| Auditors' remuneration |
for non audit work | 5,604 | 5,442 | |
| Legal fees | 1,104 | |||
| 9,624 | 6,900 | |||
| Total resources expended | 160,337 | 204,154 | ||
| Net income | 106.620 | 33.010 |