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|||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|
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||||||||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|
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||||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|
##
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|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|
##
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|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|
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|STAFF|COS|TS|||
|---|---|---|---|---|
||||2022|2021|
||||E|f|
|Wages|and|salaries|4,800|5,600|
||||4,800|5,600|
##
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||||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|
##
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|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|
##
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|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|
##
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##
|||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|