| Trustees, Professional | Advisers, | Management | Personnel | and Administrative | Details |
|---|---|---|---|---|---|
| Trustees' Report | |||||
| Statement ofFinancial | Activities | ||||
| Balance Sheet | |||||
| Notes tothe Financial | Statements |
| City ofWells Almshouses CIO Financial Statements Year ended 31stMarch 2021 |
City ofWells Almshouses CIO Financial Statements Year ended 31stMarch 2021 |
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|---|---|---|---|---|---|
| TRUSTEES, PROFESSIONAL ADVISERS, | MANAGEMENT and ADMINISTRATIVE |
DETAILS | |||
| The Board | City ofWells Almshouses CIO |
(Corporate Trustee) | |||
| CIO Board ofTrustees | Ms Stella Ainsworth | ||||
| Mr Charles Cain - Vice Chair | |||||
| Ms Carol Cox | |||||
| The Very Reverend DrJohn Davies: ex-officio (Dean ofWells) |
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| Mr Andrew Fawcett |
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| Ms Claire Green | |||||
| Mr John North | |||||
| Councillor John Osman: ex-officio (Mayor ofWells)-resigned | October 2020 | ||||
| Mr Richard Quarry | |||||
| Mr Christopher Vigar |
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| Mrs Shirley Watt | |||||
| Councillor Philip Welch: ex-officio (Mayor ofWells)-appointed |
October 2020 | ||||
| Mr Nick Wilson -Chair | |||||
| Ms Celia Wride (resigned April 2020) |
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| Chief Executive | Mrs A Howarth | ||||
| Financial Controller | BLSecretary | Mr P M McMahon MA FCA |
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| Scheme Manager | Mrs CTollworthy | ||||
| Principal ONce | 4 Bubwith Almshouses | ||||
| Wells, Somerset, BAS 2QE |
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| Telephone: 01749675813 | |||||
| Email: info@wellsalmshouses. | org.uk | ||||
| Website: www. wellsalmshouses. | org.uk | ||||
| Charity Number | 1159162 | ||||
| Bankers | National Westminster Bank |
pic | |||
| 7 High Street | |||||
| Wells, Somerset, BAS 2AD |
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| The Charity Bank | |||||
| Fosse House | |||||
| 182High Street, Tonbridge, | TN9 | 1BE | |||
| Solicitors | Tozers Solicitors | ||||
| Broadwalk House, Southernhay |
West, | ||||
| Exeter, Devon, EX11UA |
| Total Funds | Total Funds | |
|---|---|---|
| 2021 | 2020 | |
| E | f | |
| INCOME: | ||
| EXPENDITURE: | ||
| Net income/(expenditure) | ||
| Total funds carried forward |
| 2021 | 2020 |
|---|---|
| f | E |
| Unrestricted | Endowment | Endowment | Restricted | Total Funds | Total Funds | |||
|---|---|---|---|---|---|---|---|---|
| Notes | Funds | Funds | Funds | 2021 | 2020 | |||
| f | f | f | f | f | ||||
| INCOME: | ||||||||
| Income from residents | 202,834 | 202,834 | 200,998 | |||||
| Investment income |
63,323 | 63,323 | 66,177 | |||||
| Grants &Donations | 3,052 | 6,000 | 9,052 | 19,793 | ||||
| Gain on sale of land | 24,098 | 24,098 | ||||||
| Total income | 293,307 | 6,000 | 299,307 | 286,968 | ||||
| EXPENDITURE: | ||||||||
| Charitable activities |
196,941 | 196,941 | 265,826 | |||||
| Investment management |
||||||||
| costs | 8,476 | 8,476 | 8,147 | |||||
| Total expenditure | 205,417 | 205,417 | 273,973 | |||||
| Net income before | ||||||||
| investment &land |
||||||||
| gains/(losses) | 87,890 | 6,000 | 93,890 | 12,995 | ||||
| Net gains/(losses) | on | |||||||
| investments | 172,268 | 100,034 | (117) | 272,185 | (111,718) | |||
| Net income/(expenditure) | 260,158 | 100,034 | 5,883 | 366,075 | (98,723) | |||
| Transfers between | funds | 15 | (6,376) | 4,200 | 2,176 | |||
| Net movement in |
funds | 253,782 | 104,234 | 8,059 | 366,075 | (98,723) | ||
| Reconciliation offunds: | 15 | |||||||
| Total funds brought | ||||||||
| forward | 6,920,841 | 487,372 | 9,901 | 7,418,114 | 7,516,837 | |||
| Total funds carried | ||||||||
| forward | 7,174,623 | 591,606 | 17,960 | 7,784,189 | 7,418,114 |
| BALANCE SHEET | ||||||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| Notes | f | f | ||||
| FIXEDASSETS | ||||||
| Property Equipment |
10 10 |
5,279,687 6,495 |
5,268,474 9,416 |
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| Investments | 11 | 1,872,309 | 1,300,209 | |||
| Investment land |
733,000 | 733,000 | ||||
| Total fixed assets | 7,891,491 | 7,311,099 | ||||
| CURRENT ASSETS | ||||||
| Debtors | 12 | 15,868 | 17,174 | |||
| Brewin Dolphin cash accounts | 28,299 | 20,596 | ||||
| CCLA Cash account | 9,399 | 9,387 | ||||
| Cash at bank and in hand | 25,985 | 260,298 | ||||
| Investment land held for resale |
20,000 | |||||
| 79,551 | 327,455 | |||||
| CREDITORS: amounts |
falling due | |||||
| within one year | 13 | (25,545) | (52,865) | |||
| NET CURRENT ASSETS | 54,006 | 274,590 | ||||
| TOTAL ASSETSLESS CURRENT LIABILITIES | 7,945,497 | 7,585,689 | ||||
| CREDITORS: amounts |
falling due after | |||||
| more than one year | (161,308) | (167,575) | ||||
| NET ASSETS | 7,784,189 | 7,418,114 | ||||
| THE FUNDS OF THE CHARITY | ||||||
| Endowment reserves |
15 | 591,606 | 487,372 | |||
| Restricted reserves | 15 | 17,960 | 9,901 | |||
| Unrestricted reserves |
15 | 7,174,623 | 6,920,841 | |||
| TOTAL CHARITY FUNDS | 7,784,189 | 7,418,114 |