Rtgi5tered Charlty Number: 1159083 The Sheffleld Flrth Almshouses ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS For the year ended 31 December 2022 The Sheffleld Firth Almshouses Contents Contents Legal and admlnlstratlve information Trustees, annual report Independent examiner's report Statement of flnancial activities Balance sheet Notes to the account5 9-15 The Sheffield Firth Almshouses Legal and administratlve infomiation for the year ended 31 Deomber 2022 Full name The Sheffield Firth Almshouses Other namts by whlch the charltyls known The Firth Almshouses Firth's Homes Charlty number 1159083 Trustees John Gaunt Louise Shleld Chainnan {￿tl￿d 26 May 20221 & G¢)vernance Group Alan Card Chair (appointed 26 May 20221 & Govemance Group Governance Group Bernard Webster Estate Group Retlred 2310 February 2023 Richard Lomas Estate Group Patricia Nollent Inee Whlthaml Housing AllOcat￿n Group Margaret Stoddard Housin8 Allocation Group Barbara Doyle Health, Safety and Welfare Group lane Holmes Housing Allocation Group Catherine Bailev Graeme Beck Health. Safety and Welfare Group Appolnted 24 February 2022 Estate Group Appolnted 17 November 2022 Prlnclpal addre55 No l Firth Plomes Nethergreen Road Sheffield 5117EG Independent Éxamlner Susan Cochrane. FCA Seven Hills Accountants Limited 57 8urton street Sheffield S6 2HH The Sheffleld Firth Almshouses Trt￿tee5. annual report For the year ended 31 December 2022 The trustee5 submit thelr annual report and the financial Statements forthe yearended 31 December 2022. The financial statements comply with the Charities Act 201, the governing docurnent and the charities Statement of Recommended Practice (applicable to charities preparin8 their accounts In ccordance wlth the Financial Reporting Standard applicable in the UK aftd Republic of Ireland,. FRS 1021 issued in Ortober 2019. Structure Governance & Management The organisation was registered as a Charitsble Incorporated Organisation ICIOI with the Charity Commission on S November 2014 with charity number 1159083. It is governed by its Constitution. The charity wa5 orlginally founded in July 1869. Previously the organisatlon was governed under a Trust Deed dated 9 July 1869 as amended by the CharFty Commission khemÈ dated 27 November 2007, charity number 219116. The full 80ord of Trustees meets quarterly to plan and review the fvnction of the charity. Trustees review and modify as necessary the controls and structure of the organisatlon. whlch Includes four operational SU￿¢roUpS￿5ee above). The Chair is elected every january in accordance with the constitutlon. John Gaunt stepped down as Chairman in May 2022 after belng Chairman from 2014 and a Trustee from 2011. A new Chair, Louise Shield, was elerted in May 2022. Louise has been a Trustee from 2013, both remain on the Governance Sub group. Two new Trustees lolned In 2022, Catherine Balley, lolned the b)ard on the Health Safety and Welfare subgroup in February 2022 and Graeme Beck joineil the board on the Estates Sub group in November 2022. Bernard Webster expressed a Intention to retire asTTUStee in 2023 after 3rting as a TrLbStee from 2014. The Trust employs a salaried Clerk and a Resident Warden through competltlve recruitment and their wage is reviewed at the Annu?1 Budget Planning meeting. The Govemance commfttee contlnue to review and update the Firth Homes. pollcles and procedures to ensure the effertNe runnSng of the charity. Trustee meetin8s were resumed in pefson from May 2022 havin8 been previously held remotely slnce June 2020 due to the Covid-19 pandemic. ObJe¢ts and a¢tlvlt5•5 of the charlty The charitable oblects are: al To provlde housing attommodation for men and women, resident in Sheffield who are over 60 years and are in need. haTdship Of distress- and bl Such other charitable purposes for the ￿nefit of the residents as the trustees decide. This charity owns an estate of sheltered accommodation for elderly people who are able to live independently. The Almshouse Trust was founded in 1869. In 1970 the homes were rebuilt with twenty elght flats and four bungalows. The Trust aims to provide its residents with a secure, comfortable and happy environment. Facilities on the estate include a laundry and community hall. The morale of Tèsidents is also important to the Trustees and therefore a range of social activities are organised and encouraged. Firth Homes is popular and has a good reputation. The Sheffield Flrth Almshouse5 Try5tees' annual report Icontinuedl For the year ended 31 Decemb•r 2022 Publlc Benefft The Trustees confirm that they have complied withsettion4 of the Charities Act 2006 by having reBard to the guidance and to the exercisè of their duty to public benefrt under the objects of this charlty. The priority for Trustees is to manage available resources to achieve its charitable objectives In the most cost Èfficlent manner whllst ensuring that there may be sufficient provlsion to meet future challèn8es. Summary ofthe maln actlvltles ar￿ athie¥ements durfn8 the y••r The Communlty Hall reopened in October 2021 havin8 previously been closed during the covid-19 pandemic and social actlvities have been resumed. Events In 2022 have included special event5 such as the Queen's ILsbSlee and the residents Chr5stmas Party along with re8ular events such as weekly coffee mornln8S. The Resident Warden Is on site to respond Immedlatefy to all the secLtréty, maintenance and health issues that arise. The Warden is notified of all emergencles {hea￿h alerts and fire alarms) many of whlch are outside normal worklng hours. There were a total of seventy elght weeks in 2022 in which there was a vacancy In one of the properties. The overall occupancy rate for the year was 95%. Four homes became empty in 2022 wlth one addltlonal home which was vacated the previous year. There was one Internal move to downstairs flat on heahh grounds. one resident sadly died and two residents moved to residentlal care due to increased frailty and the inability to continue to live independently. The vacant homes nderwent refurblshmenl and were reoccupled by three new residents and one existlng resident who moved internally. one flat remain5 vacant. At the year*nd thirtv-one homes were occupied by thirty.three resldents Ithere are two couples). There are Current￿ 25 female and 8 male residents, the mean average a8e of resldents is 79 yeats. The tlme and cost of supporting re51dents to live Independently in the context of increasing gulation is a challenge as support reduces due to austerity within the local authority and communlty. The Trustees acknowledge the asslstano provided by the National Almshouse Association through guidance and training at a local level and wlth lobbying at a national level aimed at 5U5tainlng the future of the charitable almshouse movement. The majority of income comes from the maintenance charge pald by residents on a monthly basis, all Income is held in a cash account wrth a bank approved by Trustees and guaranteed by the Financial Services Compensations Scheme. Trustee5 decided to increase the maintenance contribution for 2023 by 1% having not increased it for the previous 2 yeafs With the undersranding that the residents have expeiienced difficultly due to the Covsd-19 pandemic and the ass¢xiated restrittion5. The Sheffield Firth Almshouses Trustees, annual report {contlnuedl For the year ended 31 December 2022 Summary of the maln activities and achievements durln8 the year Icontlnued) To pay for the ongoing maintenance and upgrade of the estate. income is derived from the investments in funds de518ned for members of the National Almshouse Association. Regular monthly investments of £IC(lJ continue to be made into the investments. Through careful management all expendlture in 2022 was met without dTawinB on reserves. The investments remain adequate and overall perform to the Trustees sat15fartion. The Trustees continue to monitor the financial situation closely and consider The Sheffield Firth Almshouses to be finarKially resilient due to the adequate investments held In reserve and the surplus income whlch continues to be generated from the Weekly Malntenance payments from the residents. Improvements to the estate have Included the upgrade of the kr¢chen in the Warden's home and the LÈpgrade of five vacant homes Sn¢ludin8 the installation of Me¢hanical Ventilation Systems to overcome issues wlth condensatlon and mould. It has been noted that the c05t5 of labour and materlals have Increased sSgnlficantly in the past year and continue to do so. Risln8 energy costs are a150 an Increasing concern and as a result a themial imaglng report has been commlssloned to identify heat loss and Infomi future decisions over improving the bulldings arKI subsequently reduclng residents energy bills. These works were considered on a prartical and flnancial basi5 wbth the overall malntenance and improvement of the estste in rnlnd. The amount invested in the upgrade of the estate in 2022 was £78,S61. eriou Inciden In accordance with the 8uidance on the subject.Trustees decla￿ that durlng the year there have been no"serlous incidents" or other matters that must be notified to the Charity Commisslon. Insurance Relevant Insuran¢es are maintained whlth Ir￿lUde the property,. trustee liability- employerfg indemnlty and publlc liabillty. The estate was revalued in December 2019 having been previouslv revalued in 2012 to ensure the insured Values are accurate. Insured sums are re-valued each year bv the Insurer. Flnanclal review and reseryes pollcv Free reserves lunrestrirted reserves not held as tangible fixed assets, assoclated mortgage OT fixed asset investments) at 31 December 2022 were £46.88312021= £84,8291. Investments heltl were valued at £1,069,672 at the year*nd12021.. £1,049,196). The reserves are reviewed quarterly and maintained in accordance with the guidelines and investments recommended by the National Almshouse A550Cl8tion. The sums held are considered proportional to the projected cost of maintaining and developingthe estate in the foreseeable future. The Sheffield Firth Almshouses Tru5tees' annual report {continued) For the year ended 31 December 2022 Flnanclal revlew and reserwe5 wlky {c(x)tinued) Trustees seek to build a level of reserves that 15 not only adequate to meet foreseeable expenditure but to also provide a margin proportlonate to the risk that is inherent in any investment. Upgrading each home when it becomès empty has cost about £13,0￿ however material and labour costs have Increased significantly in recent times and it has been decided to include the Instsll of a mechanical ventilation system to future upgrades so the future cost is estlmated to be approximately £18,000 per flat. About 13 homes have still to be upgra(Jed1£234,Cl)01. and this is unlikely io be completed before 2026. This does not include the kitchen5 which are currently satisfactory. É5timate5 5uBgest that re. roofing within the next years could cost £4(￿,0c(I at current prices. It is 20 years since the kitchens were refurbished and these may need to be refitted from about 2029. Reserves are also used to fund 'non-a¢commodation support, to our resident$ such as the provision of a Community Hall and Guest Room: the laundry; the pendant alamis worn by each resldent etc. FSnan¢lal revlew and reserves pollcy Icontlnuedl Slnce the charity holds a hlgh level of fixed asset investments, whlch may be freely spent on the above improvements, the Trustees do not consider it necessary to specify a minimum level of reserves required. The Trustees will set such a tsr8et as and when the majority of the fixed asset investments have been spent. These costs would be funded from the foll¢)wln8 sources. in this order, as reqUI￿d. l. Net assets excludln8 Investments 2. The salè of additional fixed asset Investments if requI￿d 46.883 1,069.672 Total as at 31 December 2022 1,116.555 Further additional funding may be secured as a loan against the property, If ￿uired. The trustees dèclare that they have approved the tNstees' report atrthe Sl8ned on behalf of the trustees by= and Name.. L Shield Position.. Ckc%,, Eo TuEco s . Independent Examlnerfs report to the trustee5 ofThè Sheffield Firth Almshouses l*he Charlty I report to the trustees on my examination of the accounts of The Sheffield Firth Almshouses (the Charity) for the year ended 31 December 2022. Respon5ibllltles and ba￿9 of report As the charity trustees of the Trust you a￿ ￿spOnsible for the preparatlon of the accounts in accordance with the requiremènts of the Charities Art 20111'the ACYI. I report in respect of my examination of the Charivs accounts carrie(l out under sertlon 145 of the 2011 Act and in carrylng out my e¥amination I have followed all the applicable Dlrections wven by the Charlty Commhsslon under sertlon 14515llbl of the Act. Independent examlnees statemert I have completed my examlnation. I confirm that no material matters have come to my attentbon in connection with the examinatlon giving me cause to belleve that in any material respect.. l. accountlng records were not kept in respect of the Charlty as ￿qUIred by sertlon 130 of the Act,. 2. the a¢counts do not accord with those records.. or 3. the account5 do not comply with the applicable requlrements concernln8 the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view whlch is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters bn connection with the examlnatlon to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. "_*c) < SSgned Susan Cochrane, FCA Seven Hills Accountsnts Limited 57 Burton Street Sheffield 56 2HH Date.. 2410512023 The Sheffleld Flrth Almshouses Stattment of Financial Actfvlilts For the year to 31 Decem￿￿ 2022 Totsl Totsl 2021 funds Note5 Income from: Charitable acilvities It)ve5tments 153,074 153,074 39.266 155,341 30.373 39,266 Totsl Ineom• IS3A174 39.266 192.340 185.714 Expendltur¢ on.. charitable activities 140,889 39.266 180,155 108.570 Totsl txpendltu 140.889 39,266 180.155 108,570 Net Incom•llexpendlturel before n•t8alns1llos￿) on In¥es¢n*nts ,185 IL185 77,144 Net g•lnVllossesl on In¥esrments 130.7901 91,1X13 14el Ineom•/l•xpqfidnwel 118,6051 I18,￿5) 168,147 Total funds brcu8ht forward 1,189.633 1,189.633 1.021,486 Total funds CaTrSed lorward 1.171,028 L171mB 1.189.633 The Sheffleld Nrth Almshouses Balance Sheet As at 31 December 2022 zozi Flxed Assets Tangible A55ets In¥e5tments 54.473 I,(￿9,672 1.124,145 SS,608 1.049,196 1,104,804 Current •¥sets Debtors Cash at bank and In hand Totsl turrertassets 1,745 50,391 52.136 1,595 86,057 87.65Z Creditofs: amounts fallln8dvewithln one year 15,253 12,8231 Net ass•ts 46,883 84,829 Total aiseu less cuffertt IlablllY•s L17LOZ8 L189.633 TO1￿ n¢t assets 1,17L028 I,WJ,633 Fundi of th• Ch•rlty Unrestdcted funds Desl8nated Fund5 1.171,028 1,189.633 l171,028 L189,633 The Trystees decl•re that they ha¥e approved the ¥¢COUMS abo¥eon Si8ned on behalFof the ChaTWstruste•s'. Name.. L Shleld ILQJ Name.. Aca P051Ion-. Chalr Posith)n.' Trustee The Sheffield ￿rth Alm5hets5es Notes to the Ac¢ourts For the year to 31 December2022 l Accounti￿ Poliaes The Sheffield Firth Altnshouses is a Charitable Ineo¥p)rated OrganiSa￿on iaoi w"5tered in En8fand and W•les. The prlncipal ddres5 15 No l Firth Homes. Nethergreen Road. Sheffiehl. 5117EG. lal 8a$15 of pr¢p3rèt The financial statements have been prepared In a(CordOn￿ wth AccouAtlng and Rewjrtlng by Charffies-. Statement of Recommended Practice applicable to charit￿ preparin8 their accounts in accordan￿ with the FinatKlal Reporting Standard appllcable in the UK and Republic of Ireland IFRS 1021 on 16 July 20141 as updated through Update 8ulletin8 I publlshed on 2 February 20161.the Financial ReKX)rtin8 Standard applicable in the UK ond Republic of Ireland IFRS 1021. the Charities Act 2011 and UK GenÈralfy Attepted Accounting Pfacknce. The organlsation has idopted Charit￿$ SORP IFRS1021 Bulletin l and taken the exÈmption not to piepare a rashfbw 5tatemenL The charlty meet5 the definltton of a publlc benefjl entity vndÈr FRS 102. Assets and liatrf"IrtOes are Inltlalty recognlsed at hls¢orlcal cost or tran5actlon Yalue unles5 Othewse ststed in the rele¥antac£ountln8 policy notes. The financial statements are presented in sttrfin8 whith is the hJnthon•l currency of the th•rty. Monetary amounts sn thes• Ilnantlal statements are rounded to t￿￿ nearest £. Ihl Golniconcern The flnancial statements have been prepared on a 8oifi8 concem ba￿5 as ts* trustee¥ belleve th•t no matwlal vncert•lnties exlst. The trustees hève consldered the level of funds hew and th¢ expected level of Income and expendlture for 12 monihs from authorlsin8 these accounts. The bud8eted inwme and expendlture 15 5uffioent with the ￿ve1 of reserves for the Charity to be ble to ¢¢ntinue as • 80ing conc•m. Income is reco8nls•d when the Char￿ has entttl*rnent tr* the fvjnds. ar¢y ￿rforManCe tondi(ions attsthed to the Itemlsl ol Sn¢ome have been mrf, it Is Pfob•ble that the Income will be rec•ved and the amoufit can be measured rellably. Resld•nts contdbutlons gre•ccounted lor duriw the year In whlththey were owed. Intefest on funls held on depos¢t Induded when receiwable and the amount tsn be measured reliably by the ch4rlty,' thls Is normally upon notthration of the interest paSd or payable by the bank. DNhJends •re recwi5ed OTh￿ the dlvhlend has been declared and notific#tlon has been recehed of the dNidend due. Is nofinal￿ upon notificatfon by our inv•strnent advlsor of the div5dend ykeld of the Investment pDrtf￿1o. Idl Expendhur• and Ilabllltle5 Expenditure is rÈtognised ono there is a fe8al or constnKtive obli8ati¢)fi to make ¥ paymeni to a thlrd party, It 55 probable th•t Settlement wlll be required and the amount of the obl*at5on (an be measured reliably. Irrecovtrrable VAT 15 charged as a cost a8alnst the a¢t¢vlty forwhich the expendrture was Incurred. Cyclital repalrs and routlne maintenance.. the tharity has estabushed a Te8ular programme of tydical repalrs •nd maintÉnarKe. Costs are charged to the Statement of FlTranoal Att￿1t￿S in the year in whlch they are lftcurred. lel Tanolble fixed ass•ts Houslng properties.. Firth'sAlmshouses were construrted in L*terp¥rt of the nlnettenth ontury and there is no retord of the original c05t and no value is attTibuted therero. ThÈ housing properties u)st rdaies to the construttK)n In 1970 of replacement units. This wa5 funded by a Houslng A5SOCiation 8ranL a morrgage loan trom Sheffidd City Councll and from Flrth's Homes, own resourres. Depreclatbn Ss prov￿led to wrtte down the cost of hous￿6 propert*s (n ￿val lThstalments over their e¥peaed useful lffe of 100 vears. The Sheffield Firth Almshouses Notes to the Accounts l¢ontinuedl Forthe yearto 31 Detsmber 2022 l A¢countln¢ Pollaes l¢oniinueill If) FL¥ed asset 1n¥•rtk￿nts Inve5tmefits are a forrn of basic financial instyument are initialty recognised * thelr tran5actksn value 8nd subsequently rnea5ured at their fair Value as at the balance sheet date usin8 the dosin8 quoted market price. The statement of Trnèncial act￿tIeS Include5 the net and losses ari5in8on re¥aluatlon and dispo￿1$ throu8houttheyear. Illl Rea115ed 8alns and knsses All goins and 1055es are taken to the Statement of Flnanoal AclNll*s as they atse. Reallsed galn5 and losses on investments are calculèted as the drfference between sa￿5 proceeés and their openiNg carrying value or their purchase value if acquired subsequent to the first day ol thÈ financial year. Llnrealbsed gain5 and 1055es arÈ calculated as the difference between ihe fair value at the year end and thelt carrying value. Realised and untealised invettment 8ains and losse5 are combinÈd In the Statement of Flnandal Actlvhles. Ihl Cash and cash •qu￿*1Qnts Cash and rash equivalents comprlse cash on hand call deposif5. •nd other short-ierm highty liquid Snvestments that are rtadlly converttble to a known amount of cash and are subjed to an inswiffiuntthange in value. 111 Trade D•btors Trade debtor5 are recognised Inltièlty ai the tran￿¢tIOn Pr￿•. They are stsbsequently measured at •mort15ed cost U5in8 the effective Interest method, less provision for Impairm¢nt. A Pfovision for the impairmeni of trade debtor5 Is t$tabllshed when there 15 oblectfve evidence that the company ￿11 not be ab￿ to ¢ollect all •mounis due atcordln8 to the orlginal terms of the receivables, (bl Trade credlttys Trade ¢redltors are obll8atiorts to pay for goc#J5 or seThlce5 th•t have been acqulred In the ordinary course of buslness from suppliers. Accounts payable are ¢￿sS￿led 35 currerf Ilabilitles ff the charéty doe5 not have an Uncondit￿n31 rlBht, * the end of the Teportin8 period, io delof settlemeni of the uedltor fov * least twelve months after the reportin8 date. 11 there 1$ an unconditlcnal right to defor settltment for at least twelve morths aftef the reportire date. thty are presented as nonn pen51on plan for ft5 employees. Qjntributws to the 5rheme are re¢o8nised when they are payable. Inl Crthal act￿ntI1vI estlMate5 and judge1t￿l In the application of the tharity's acc¢Jvntin8 polioes. the trustees are requiTEd to make judgements. esumates and assumption5 about the carrying amount of assets and liabilities thai are not re3dity apparent from other SOUTce5. The estimates and underwing assumptions are baseil on historiul experlence and oiher factor5 that are considered to be relevant. AC￿31 results may differ from these estimates. The estimates and undertying a$5urnpbons are rwewa1 on an ongoing basi5. Revlslons to accounting e5tirnates afe recognisÉd in the pÈric*J In which the estirnate 15 revised when the revision affects only that period, or in the period of ￿$10￿ and fvture periods wherethe re¥i5*)n aff*ts bothcuTrent and luture perlods. io The Sheff*ld Flrth Almshouses Notes to theAtcounts Icontinuedl For the yearto 31 DeceM￿r2011 I IrKom* from tharltsbleAthibe5 Totsl 2021 fund5 fun Z022 Res5dents contribut￿n$ Ground rents receivable Solar enèrgy recelpts Sundry receipts 149.737 81 2.674 S82 149,727 81 2￿74 582 153.837 49 1,455 153 153,074 155,341 2021- fund spllt 155.341 155 341 3 Income from inveslm•nts Total 2021 funds funds 2022 M&G Charlty Multi A55et attuThwJlaiion shares Income accumulated 39,266 39,266 39,266 30,373 30,373 2021- fund spllt 30.373 4 Éxp•ndlture on th•rfi•l￿• act￿5 UN•stIk￿ D•51p￿t•rf fvnds funds Totsl 2022 Total 2021 Premises Costs Staff c05ts- see nott 7 Admlnistrat1ve Costs Depreclatlen maInt¢nan￿ Costs Other Costs Support C05ts- see note S 26.Y6 45,146 3.142 1.135 60.928 3.158 834 140,889 26,546 45.146 3,142 1.135 I￿.194 3,158 834 26,830 42,207 1.587 1,135 34,125 1,696 39.266 108,570 2021- fund 5pIIt 30,373 lQ8,570 5 Support costs Total Total 2021 nds fur# Independent examination fee 834 834 990 990 Nc other fees were paid to the Independentevminers organisat￿n. li The Sheffleld Flrth Almshouses Notes to the Accounts Icorrtinuedl For the year to 31 December 2022 6 Trustee5 remuner8tl(ffi, beneffts and expen Trustees received no remuneratson in thi5 period. Th¢rtwere no expenses reimbursed to trustees dt4ringtheye8r. 7 stsff Costs Totsl 2022 Total 2021 5èlarie5 Empk)yer's N3tlon31 Insurance Employrnent allowan Employet's Pension (onirlbution 43,831 3,742 13.7421 1,315 45,146 41.165 3,478 13,4781 1,042 41,207 No ernploye¢ recefved em•lument5 of ffloreihan £60.(￿. Theaverage wmber of employee5 during the year wa$ 2 IZ021.. 21 8 Ton11b￿ Flxed Ass•ts Hou51 prop•rtl•s Cost or Valu•tLoTr A5 at I January 2022 As •t 31 OK•mber2022 113,486 113 486 Dewec￿l10fft As at i January 2022 Charge thls perlod As •t YI Doc•mb•r 1022 57,878 1,135 59.013 Net Book Val As •t 31 Do¢•mb•r 2022 54473 A5 at 31 December 2021 Flrth's Almshouses wert Constructed in the latter part of the nineteenih century and the￿ 15 no record of the original cost and no value is attributed thereto. The houslng proFertles cost ￿lateS to the consirnction in 1970 gf replacement unlts comprislng of 33 flats and bung41ows. This was funded by a Housing A%sLxlation grant of £15.[￿]. a m(wt8a8e knan from Sheffield City Councll which ha5 now been repakl. and from Flrth'5 HomÈs' own resourttt. g Flxed •sset Inve51m 2022 2021 Movement In IL¥fd asset Ilstqd In¥estments Market value blfv¥d al l January 2022 Add.. Addltlons Relnvested divldends Addllle551'. net 8ainlllossl on rerfaluati Mafketvalue a5 at 310ecernber2022 1,049.196 915.820 I2,1X￿j 39,266 30,790 1.069,672 12.wo 30.373 91,(M)3 1,049,196 The Investtnents comprise thefdlowingat Yaluat￿n.. 10.02112021- 9,8991 M&G Charity Muki Asset Accumulation sha J 069.672 69,67Z 1.049.196 1.049,196 12 The Sheffield Firth Almshouses Notes to th• Attounts Iconttnuedl For the year to 31 December 2022 io Debtors 2022 2021 PrÈpayments 1.745 1,595 1,595 11 Credhors: amounts f411kn8 due wlthkn ¢M* year 2022 2021 Ac¢ruals 5.253 5,253 2,823 2,823 12 D¢*natsd ftyyls B•l•nc• at 31-Dec-22 ol-1•￿12 xtraafdinary Repaits Fund 39.266 39,266 39,266 39.266 Prloryeor 8olunceat 31-Detr21 01.Jott-21 1ftt0￿ Expendlttw* TruMfv&¥ Emtroordlnory Repolts Furtd 3Q.373 Exiraordlnary Repalrs Fund5- to be used lor thB extraNdinary repalr. Imprthmentor rebuIldl￿ of the almshtsuses. 13 The Sheffleld Firth Almshouses Notesto the A¢¢ounts Icontlnuedl For the year to 31 December 2022 13 Netassets byfuftd nds 2022 Tangible èssets Investments Net current assets 54.473 1.069.672 46,883 1.171,028 54,473 1,069.672 46,883 1171,028 Unre5tr1tted fuftd5 2021 Prloryeor Tonoible ossets Inve5tmenfS Net current ossets 55.608 1,049.196 84.829 55,608 1,049,196 84,829 1189 633 1.189,633 14 Operatlnl h•se commiiments At 31 Decembtr Z022 the thar￿ had tyjtstsndiw tofflmitments for fvture rninlrnum lease payments under non-cancellable operatlng leases whlch fall due a5 follo￿.. 2021 2021 wlthln one year 540 540 540 IJ ftdited Partyti•ns¥tlons There were no related pakTr transathbns duiingtheyear ended 31 December 2022 or31 December 2021. 14 The Sheffield Firth Almshouses Notes to the Atcounts (continu￿) Forthe yearto 31 December 2022 16 Staternwrt olFFnand41 ALthTrlles. Comparadv85 Total 2021 Junds Incomefrom.. ChuritobleA¢tivitles Investment5 155.341 155,342 30.373 30.373 Totollncom¢ 155J41 3tl.373 185.714 Exwndltureon.. ChoritobleArtlvitks 30.373 108,570 rotolexpettdlture 78.197 30.373 108.570 Plet In(ome/le¥pendltureJ 77.144 77,144 Net qolns/(1055e$l on Ansestn￿￿ls 9LW3 91.003 14etlrtrome/lexp¢ndltureJ 16¢147 168,147 rotolfvnd5 brg¥qhtlorword 1021.486 1021,486 Totoifvnds ¢Wrtedfvrt￿ 1189.633 L189,633