|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||||
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||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|