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|Trustees, Professional|Advisers,|Management|Personnel|and Administrative|Details|
|---|---|---|---|---|---|
|Trustees' Report||||||
|Statement ofFinancial|Activities|||||
|Balance Sheet||||||
|Notes tothe Financial|Statements|||||





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|City ofWells Almshouses<br>CIO<br>Financial Statements<br>Year ended 31stMarch 2021|City ofWells Almshouses<br>CIO<br>Financial Statements<br>Year ended 31stMarch 2021|||||
|---|---|---|---|---|---|
|TRUSTEES, PROFESSIONAL ADVISERS,||MANAGEMENT<br>and<br>ADMINISTRATIVE||DETAILS||
|The Board||City ofWells Almshouses<br>CIO|(Corporate Trustee)|||
|CIO Board ofTrustees||Ms Stella Ainsworth||||
|||Mr Charles Cain - Vice Chair||||
|||Ms Carol Cox||||
|||The Very Reverend<br>DrJohn Davies: ex-officio (Dean ofWells)||||
|||Mr Andrew<br>Fawcett||||
|||Ms Claire Green||||
|||Mr John North||||
|||Councillor John Osman: ex-officio (Mayor ofWells)-resigned|||October 2020|
|||Mr Richard Quarry||||
|||Mr Christopher<br>Vigar||||
|||Mrs Shirley Watt||||
|||Councillor<br>Philip Welch: ex-officio (Mayor ofWells)-appointed|||October 2020|
|||Mr Nick Wilson -Chair||||
|||Ms Celia Wride (resigned<br>April 2020)||||
|Chief Executive||Mrs A Howarth||||
|Financial Controller|BLSecretary|Mr P M McMahon<br>MA FCA||||
|Scheme Manager||Mrs CTollworthy||||
|Principal ONce||4 Bubwith Almshouses||||
|||Wells, Somerset,<br>BAS 2QE||||
|||Telephone: 01749675813||||
|||Email: info@wellsalmshouses.|org.uk|||
|||Website: www. wellsalmshouses.||org.uk||
|Charity Number||1159162||||
|Bankers||National Westminster<br>Bank|pic|||
|||7 High Street||||
|||Wells, Somerset,<br>BAS 2AD||||
|||The Charity Bank||||
|||Fosse House||||
|||182High Street, Tonbridge,|TN9|1BE||
|Solicitors||Tozers Solicitors||||
|||Broadwalk<br>House, Southernhay||West,||
|||Exeter, Devon, EX11UA||||





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||Total Funds|Total Funds|
|---|---|---|
||2021|2020|
||E|f|
|INCOME:|||
|EXPENDITURE:|||
|Net income/(expenditure)|||
|Total funds carried forward|||





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|2021|2020|
|---|---|
|f|E|



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||||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<br>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<br>activities|||196,941||||196,941|265,826|
|Investment<br>management|||||||||
|costs|||8,476||||8,476|8,147|
|Total expenditure|||205,417||||205,417|273,973|
|Net income before|||||||||
|investment<br>&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<br>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|





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|BALANCE SHEET|||||||
|---|---|---|---|---|---|---|
|||||2021||2020|
|||Notes||f||f|
|FIXEDASSETS|||||||
|Property<br>Equipment||10<br>10||5,279,687<br>6,495||5,268,474<br>9,416|
|Investments||11||1,872,309||1,300,209|
|Investment<br>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<br>land held for resale|||||20,000||
||||79,551||327,455||
|CREDITORS:<br>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:<br>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<br>reserves||15||591,606||487,372|
|Restricted reserves||15||17,960||9,901|
|Unrestricted<br>reserves||15||7,174,623||6,920,841|
|TOTAL CHARITY FUNDS||||7,784,189||7,418,114|