| Contents | Page | |||||
|---|---|---|---|---|---|---|
| Trustees, Professional | Advisers, | Management | Personnel | and Administrative | Details | |
| Trustees' Report |
||||||
| Statement of Financial | Activities | |||||
| Balance Sheet | ||||||
| Notes tothe Financial | Statements |
| City ofWells Almshouses CIO Financial Statements Year ended 31st March 2022 |
||||
|---|---|---|---|---|
| TRUSTEES, PROFESSIONAL ADVISERS, | MANAGEMENT and ADMINISTRATIVE |
DETAILS | ||
| The Board | City ofWells Almshouses CIO |
(Corporate Trustee) | ||
| CIO Board of Trustees | Ms Stella Ainsworth | |||
| Mr Charles Cain -Chair | ||||
| Ms Carol Cox (resigned July 2021) |
||||
| The Very Reverend DrJohn Davies: ex-officio (Dean ofWells Cathedral) |
||||
| Mr Andrew Fawcett (resigned |
July | 2021) | ||
| Ms Claire Green | ||||
| Mr John North -Vice Chair | ||||
| Mrs Sarah Powell -nominated | January, 2022 | |||
| Mr Richard Quarry | ||||
| Mr Tony Robbins - nominated | January, 2022 | |||
| Mr Mark Shelton -appointed | April, 2022 | |||
| Mr Christopher Vigar |
||||
| Mrs Shirley Watt Councillor Philip Welch: ex-officio |
(Mayor ofthe City ofWells) | |||
| Mr Nick Wilson | ||||
| Chief Executive | The Reverend Dr. Martin Thomas |
|||
| Financial Controller &Secretary | Mr P M McMahon MA FCA |
|||
| Scheme Manager | Mrs C Tollworthy | |||
| Principal Office | 4 Bubwith Almshouses | |||
| Wells, Somerset, BA5 2QE |
||||
| 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, BA5 2AD |
||||
| The Charity Bank | ||||
| Fosse House | ||||
| 182 High Street, Tonbridge, | TN9 | 1BE | ||
| Solicitors | Tozers Solicitors | |||
| Broadwalk House, Southernhay |
West, | |||
| Exeter, Devon, EX11UA |
| Total Funds | Total Funds | |
|---|---|---|
| 2022 | 2021 | |
| f. | E | |
| INCOME: | ||
| EXPENDITURE: | ||
| Net income/(expenditure) | ||
| Total funds carried forward |
| Year ende | d 31st March 2022 | ||
|---|---|---|---|
| BALANCE | SHEET | ||
| 2022 | 2021 | ||
| E |
| Unrestricted | Endowment | Endowment | Restricted | Total Funds | Total Funds | |||
|---|---|---|---|---|---|---|---|---|
| Notes | Funds f |
Funds f |
Funds f |
2022 f |
2021 f |
|||
| INCOME: | ||||||||
| Income from residents | 205,564 | 205,564 | 202,834 | |||||
| Investment income |
69,306 | 69,306 | 63,323 | |||||
| Grants &Donations | 7,022 | 7,022 | 9,052 | |||||
| Gain on sale of land | 24,098 | |||||||
| Total income | 274,870 | 7,022 | 281,892 | 299,307 | ||||
| EXPENDITURE: | ||||||||
| Charitable activities |
213,309 | 213,309 | 196,941 | |||||
| Investment management costs |
9,472 | 9,472 | 8,476 | |||||
| Total expenditure | 222,781 | 222,781 | 205,417 | |||||
| Net income before | ||||||||
| investment &land |
||||||||
| gains | 52,089 | 7,022 | 59,111 | 93,890 | ||||
| Net gains on investments |
37,604 | 50,680 | 829 | 89,113 | 272,185 | |||
| Net income/(expenditure) | 89,693 | 50,680 | 7,851 | 148,224 | 366,075 | |||
| Transfers between | funds | 15 | (4,200) | 4,200 | ||||
| Net movement in funds |
85,493 | 54,880 | 7,851 | 148,224 | 366,075 | |||
| Reconciliation offunds: | 15 | |||||||
| Total funds brought forward |
7,174,623 | 591,606 | 17,960 | 7,784,189 | 7,418,114 | |||
| Total funds carried forward |
7,260,116 | 646,486 | 25,811 | 7,932,413 | 7,784,189 |
| City of Wells Almshouses Financial Statements Year ended 31st March |
2022 | |||||
|---|---|---|---|---|---|---|
| BALANCE SHEET | Restated | |||||
| 2022 | 2021 | |||||
| Notes | f | f | ||||
| FIXEDASSETS Property Equipment Investments Investment land |
10 10 11 |
5 282 584 6,611 2,082,797 598,000 |
5,279,687 6,495 1,910,007 733,000 |
|||
| Total fixed assets | 7,969,992 | 7,929,189 | ||||
| CURRENT ASSETS | ||||||
| Debtors | 12 | 14,133 | 15,868 | |||
| Cash at bank and in hand | 24,200 | 25,985 | ||||
| Investment land held for resale |
135,000 | |||||
| 173,333 | 41,853 | |||||
| CREDITORS: amounts |
falling due | |||||
| within one year | 13 | (55,727) | (25,545) | |||
| NET CURRENT ASSETS | 117,606 | 16,308 | ||||
| TOTAL ASSETSLESS CURRENT LIABILITIES | 8,087,598 | 7,945,497 | ||||
| CREDITORS: amounts more than one year |
falling due after | 14 | (155,165) | (161,308) | ||
| NET ASSETS | 7,932,413 | 7,784,189 | ||||
| THE FUNDS OF THE CHARITY | ||||||
| Endowment reserves Restricted reserves Unrestricted reserves |
15 15 15 |
646,486 25,812 7,260,115 |
591,606 17,960 7,174,623 |
|||
| TOTAL CHARITY FUNDS | 7932413 | 7,784,189 |