| Page | |||
|---|---|---|---|
| Report ofthe Trustees | I | to | 5 |
| Report ofthe Independent Auditors |
6 | to | 8 |
| Statement ofFinancial Activities | |||
| Balance Sheet | 10 | ||
| Cash Flow Statement | |||
| Notes to the Cash Flow Statement | 12 | ||
| Notes to the Financial Statements | 13 | to | 25 |
| Detailed Statement ofFinancial Activities | 26 | to | 27 |
| THE B | YFLEETUNITED CHAR | YFLEETUNITED CHAR | ITY | |||
|---|---|---|---|---|---|---|
| Report ofthe Trustees | ||||||
| for the year | ended 31December | 2022 | ||||
| Trustees | ||||||
| KRMears | resigned | 31-12-22 | ||||
| TJThompson | Chairman | to 31-12-22 | resigned | 31-12-22 | ||
| JH McCabe | Rector of | StMary's (Ex-Officio) | ||||
| N Bradshaw | ||||||
| A Grimshaw | Vice Chairman | to 31-12-22.Chairman | from 1-1-22 | |||
| M Haines | ||||||
| C Heath | ||||||
| KElford | Vicar ofStJohn | the Baptist (Ex-Officio) | ||||
| RHaddow | ||||||
| ABoote | appointed | 16-5-22 | ||||
| G Jones | appointed | 20-3-23 | ||||
| Executive Director: Mr DBlack |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | ||||
| funds | funds | fund | fUllds | funds | ||||
| as restated | ||||||||
| Notes | ||||||||
| INCOME AND | ||||||||
| ENDOWMENTS FROM | ||||||||
| Donations and legacies |
937 | 937 | 5,147 | |||||
| Charitable activities |
||||||||
| Almshouse | 192,920 | 192,920 | 170,528 | |||||
| Grants payable | 3,300 | 3,300 | 6,000 | |||||
| Estate management | 301,220 | 301,220 | 301,720 | |||||
| Investment income |
46,815 | 46,815 | 45,174 | |||||
| Other income | 1,548 | |||||||
| Total | 545,192 | 545,192 | 530,117 | |||||
| EXPENDITURE ON | ||||||||
| Charitable activities |
||||||||
| Almshouse | 207,240 | 45,570 | 252,810 | 424,710 | ||||
| Estate management | 75,071 | 75,071 | 40,385 | |||||
| Allowances and Grants |
206,108 | 206,108 | 242,116 | |||||
| Total | 488,419 | 45,570 | 533,989 | 707,211 | ||||
| Net gains on investments | 571,366 | 571,366 | 269,645 | |||||
| NET | ||||||||
| INCOME/(EXPENDITURE) | 628,139 | (45,570) | 582,569 | 92,551 | ||||
| Transfers between |
funds | 18 | (89,208) | 89,208 | ||||
| Net movement in funds |
538,931 | 43,638 | 582,569 | 92,551 | ||||
| RECONCILIATION | OF | |||||||
| FUNDS | ||||||||
| Total funds brought | forward | |||||||
| As previously reported |
5,044,831 | 179,886 | 6,986,191 | 12,210,908 | 12,118,357 | |||
| Prior year adjustment | 12 | 6,986,191 | (6,986,191) | |||||
| As restated | 12,031,022 | 179,886 | 12,210,908 | 12,118,357 | ||||
| TOTAL FUNDS CARRIED | ||||||||
| FORWARD | 12,569,953 | 223,524 | 12,793,477 | 12,210,908 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | ||
| funds | funds | fund | funds | fuild S | ||
| as restated | ||||||
| Notes | ||||||
| FIXEDASSETS | ||||||
| Tangible assets | 13 | 4,088,302 | 4,088,302 | 4,136,941 | ||
| Investments | ||||||
| Investments | 14 | 1,926,325 | 111,487 | 2,037,812 | 2,296,146 | |
| Investment property |
15 | 6,579,700 | 6,579,700 | 5,750,000 | ||
| 12,594,327 | 111,487 | 12,705,814 | 12,183,087 | |||
| CURRENT ASSETS | ||||||
| Debtors | 18,960 | 18,960 | 18,343 | |||
| Cash at bank and in hand | 82,469 | 112,037 | 194,506 | 158,063 | ||
| 101,429 | 112,037 | 213,466 | 176,406 | |||
| CREDITORS | ||||||
| Amounts falling due within one |
||||||
| year | 17 | (125,803) | (125,803) | (148,585) | ||
| NET CURRENT ASSETS | (24,374) | 112,037 | 87,663 | 27,821 | ||
| TOTAL ASSETSLESS | ||||||
| CURRENT LIABILITIES | 12,569,953 | 223,524 | 12,793,477 | 12,210,908 | ||
| NET ASSETS | 12,569,953 | 223,524 | 12,793,477 | 12,210,908 | ||
| FUNDS | 18 | |||||
| Unrestricted funds |
12,569,953 | 12,031,022 | ||||
| Restricted funds | 223,524 | 179,886 | ||||
| TOTAL FUNDS | 12,793,477 | 12,210,908 |
| THE BYFLEETUNITED CHAR | ITY | |||||
|---|---|---|---|---|---|---|
| Cash Flow Statement | ||||||
| for the year ended 31December | 2022 | |||||
| 2022 | 2021 | |||||
| as restated | ||||||
| Notes | ||||||
| Cash flows from operating | activities | |||||
| Cash generated from operations |
(9,427) | (167,319) | ||||
| Net cash used in operating | activities | (9,427) | (167,319) | |||
| Cash flows from investing | activities | |||||
| Purchase oftangible fixed | assets | (945) | (29,035) | |||
| Interest received | 241 | 182 | ||||
| Investment income |
46,574 | 44,992 | ||||
| Net cash provided by investing | activities | 45,870 | 16,139 | |||
| Change in cash and cash | equivalents | in the | ||||
| reporting period |
36,443 | (151,180) | ||||
| Cash and cash equivalents | at | the beginning | ||||
| ofthe reporting period |
158,063 | 309,243 | ||||
| Cash and cash equivalents | at | the end | ofthe | |||
| reporting period |
194,506 | 158„063 |
| Notes to the Cash Flow Statement for the year ended 31December 2022 |
Notes to the Cash Flow Statement for the year ended 31December 2022 |
|||||
|---|---|---|---|---|---|---|
| RECONCILIATION | OF NET INCOME TO NET CASH FLOW FROM | OPERATING ACTIVITIES | ||||
| 2022 | 2021 | |||||
| as | restated | |||||
| Net income for the | reporting | period (as per the Statement ofFinancial | ||||
| Activities) | 582,569 | 92,551 | ||||
| Adjustments for: |
||||||
| Depreciation charges |
49,584 | 48,026 | ||||
| Gain on investments | (571,366) | (269,645) | ||||
| Interest received | (241) | (182) | ||||
| Investment income |
(46,574) | (44,992) | ||||
| (Increase)/decrease | in | debtors | (618) | 12,709 | ||
| Decrease in creditors | (22,781) | (5,786) | ||||
| Net cash used in operations | (9427) | (167,319) |
| ANALYSIS OFCHANGES IN NET FUNDS | |||
|---|---|---|---|
| At 1.1.22 | Cash flow | At 31.12.22 | |
| Net cash | |||
| Cash at bank and in hand | 158,063 | 36.443 | 194,506 |
| 158,063 | 36.443 | 194,506 | |
| Total | 158,063 | 36,443 | 194,506 |
| Life expectancy | (years ) | ||
|---|---|---|---|
| Almshouse | 100 | ||
| Fixtures A | fittings | 10 | |
| Mechanical, | electrical and meal service equipment | 5 | |
| Furniture | 4 | ||
| Computers | 8 | ||
| Power plant | 20 |
| 2. | DONATIO | NS AND LEGACIES |
||
|---|---|---|---|---|
| 2021 | ||||
| as restated | ||||
| Donations | 937 | 3,147 | ||
| Legacies | 2,000 | |||
| 5,147 | ||||
| 3. | INVESTMENT INCOME | |||
| 2022 | 2021 | |||
| as restated | ||||
| Investment | income | 46,574 | 44,992 | |
| Deposit account interest | 241 | 182 | ||
| 46,815 | 45,174 |
| INCOME FROM CHARIT | ABLE ACTIVITIES | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| as restated | |||||
| Activity | |||||
| Almshouse Income |
Almshouse | 192,920 | 170,528 | ||
| Charity of1-lenry Smith | Grants payablc | 3,300 | 6,000 | ||
| Rents receivable | Estate management | 301,220 | 301,720 | ||
| 497,440 | 478,248 | ||||
| CHARITABLE ACTIVITIES COSTS | |||||
| Grant | |||||
| funding of | |||||
| activities | Support | ||||
| Direct | (see note | costs (see | |||
| Costs | 6) | note 7) | Totals | ||
| Almshouse | 234,597 | 18,213 | 252.810 | ||
| Estate management | 39,336 | 35,735 | 75.071 | ||
| Allowances and Grants |
27,313 | 158.926 | 19,869 | 206,108 | |
| 301,246 | 158,926 | 73,817 | 533,989 | ||
| ESTATE MANAGEMENT | |||||
| 2022 | 2021 | ||||
| Insurance | 1,635 | 1,596 | |||
| General maintenance | 37,701 | ||||
| Allocated support costs | 35,735 | 38,789 | |||
| 75,071 | 40,385 | ||||
| ALMSHOUSE RUNNING | COSTS | ||||
| 2022 | 2021 | ||||
| Running costs |
26,865 | 32,507 | |||
| Repairs &maintenance | 28,965 | 27,144 | |||
| Cyclical maintenance | 45,570 | 226,436 | |||
| Light, heat &water | 26,222 | 20,551 | |||
| Salaries | 57,391 | 57,196 | |||
| Depreciation | 49,584 | 48,026 | |||
| Allocated support costs | 18,213 | 12,850 | |||
| 252,8l0 | 424,710 |
| 2022 | 2021 | |
|---|---|---|
| Allowances | 74,665 | 119,221 |
| Grants | 84,261 | 77,456 |
| 158,926 | 196,677 | |
| Salaries | 27,313 | 26,166 |
| Support costs | 19,869 | 19,273 |
| 206,108 | 242,116 | |
| Allowances reconciliation |
||
| 2022 | 2021 | |
| Commitments as at 1 January 2022 |
60,821 | 63,398 |
| Commitments made in the year |
74,665 | 119,221 |
| Allowances paid |
(97,764) | (121,798) |
| Commitments as at31December 2022 |
37,722 | 60,821 |
| Grants awarded in the year |
||
| 2022 | 2021 | |
| Individuals -less than 5.1,000 |
22,645 | 19,715 |
| Individuals -more than K1,000 |
15,965 | 11,860 |
| Institutions -less than f.1,000 |
3,217 | 8,344 |
| Grants of51,000or over: | ||
| West Byfleet Junior School | 2,300 | 1,800 |
| West Byfleet Infant School | 3,094 | 1,500 |
| StMary's Junior School | 6,665 | 3,434 |
| Marist Primary School |
1,700 | 1,700 |
| Byfleet Primary School |
1,500 | 1,500 |
| Matthew Hackney Foundation | 6,235 | 5,000 |
| Empower Psychology | 2,640 | 5,480 |
| Woking Hospice | 5,000 | 5,280 |
| Eikon | 3,370 | 2,500 |
| York Road Project | 2,150 | |
| Byfleet WBCl StMarys Playgroup | 2,184 | 2,184 |
| Age Concern | 2,000 | |
| Byfleet Foodbankl Citizens Advice |
4,066 | 3,009 |
| Byfleet Cricket Club | 1,100 | |
| Men in Sheds | 2,580 | |
| 84,261 | 77,456 |
| SUPPORT | COSTS | |||||
|---|---|---|---|---|---|---|
| Governance | ||||||
| Management | costs | Totals | ||||
| Almshouse | 11,567 | 6,646 | 18,213 | |||
| Estate management | 28,918 | 6,817 | 35.735 | |||
| Allowances | and Grants | 17,351 | 2,518 | 19,869 | ||
| 57,836 | 15,981 | 73,817 | ||||
| AUDITORS' REMUNERATION | ||||||
| 2022 | 2021 | |||||
| as restated | ||||||
| Fees payable | to the charity's | auditors for the audit ofthe charity's | financial | |||
| statements | 5,050 | 4,670 | ||||
| Auditors' remuneration |
for | non audit work | 3,120 | 2,650 |
| 2022 | 2021 | |
|---|---|---|
| Salaries | 123,787 | 121,598 |
| Social security costs | 5,028 | 5,250 |
| Pension contribution | 9,237 | 9,309 |
| 138,052 | 136,157 |
| 2022 | 2021 | |
|---|---|---|
| as restated | ||
| Grants and pensions | 1 | |
| Almshouse | 5 | |
| Administration | 1 |
| No employees received emoluments in excess off60,000. |
No employees received emoluments in excess off60,000. |
No employees received emoluments in excess off60,000. |
|||
|---|---|---|---|---|---|
| COMPARATIVES FOR THK STATEMENT OFFINANCIAL | ACTIVITIES | ||||
| Unrestricted | Restricted | Endowment | Total | ||
| funds | funds | fund | funds | ||
| as restated | |||||
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies |
3,426 | 1,721 | 5,147 | ||
| Charitable activities |
|||||
| Almshouse | 170,528 | 170,528 | |||
| Grants payable | 6,000 | 6,000 | |||
| Estate management | 301,720 | 301,720 | |||
| Investment income |
45,175 | 45.174 | |||
| Other income | 1,548 | 1,548 | |||
| Total | 528,397 | 1,720 | 530,117 | ||
| EXPENDITURE ON | |||||
| Charitable activities |
|||||
| Almshouse | 198,274 | 226,436 | 424,710 | ||
| Estate management | 40,385 | 40,385 | |||
| Allowances and Grants |
240,395 | 1,721 | 242,116 | ||
| Total | 479,054 | 228,157 | 707,211 | ||
| Net gains on invesnnents | 269,645 | 269,645 | |||
| NKT INCOME/(EXPENDITURE) | 318,988 | (226,437) | 92,551 | ||
| Transfers between funds |
(186,744) | 186,744 | |||
| Net movement in funds |
132,244 | (39,693) | 92,551 | ||
| RECONCILIATION | OF FUNDS | ||||
| Total funds brought forward | 11,898,778 | 219,579 | 12,118,357 |
| Unrestricted | Restricted | Endowment | Total | ||||
|---|---|---|---|---|---|---|---|
| funds | funds | fund | funds | ||||
| as restated | |||||||
| TOTAL | FUNDS | CARRIED | FORWARD | 12,031,022 | 179,886 | 12,210,908 |
| TANGIBLE FI | XEDASSETS | |||
|---|---|---|---|---|
| Fixtures | ||||
| Freehold | and | |||
| property | fittings | Totals | ||
| COST | ||||
| At 1January 2022 | 4,000,000 | 266,289 | 4,266,289 | |
| Additions | 945 | 945 | ||
| Disposals | (2,190) | (2,190) | ||
| At 31 December | 2022 | 4,000,000 | 265,044 | 4,265,044 |
| DEPRECIATION | ||||
| At 1 January 2022 | 57,971 | 71,377 | 129,348 | |
| Charge for year | 28,986 | 19,777 | 48,763 | |
| Eliminated on disposal |
(1,369) | (1,369) | ||
| At 31December | 2022 | 86,957 | 89,785 | 176,742 |
| NET BOOKVALUE | ||||
| At 31December | 2022 | 3,913,043 | 175,259 | 4,088,302 |
| At 31 December | 202'1 | 3,942,029 | 194,912 | 4,136,941 |
| Listed | |||
|---|---|---|---|
| investments | |||
| MARKET VALUE | |||
| At 1 January 2022 | 2,296,]46 | ||
| Revaluations | (258,334) | ||
| At 31December 2022 | 2,037,812 | ||
| NKT BOOKVALUE | |||
| At 31December 2022 | 2,037,812 | ||
| At 31December 2021 | 2,296,146 | ||
| There were no investment | assets outside | the UK, | |
| The historic cost ofthe listed investments | is/770,842{2021- /770,842). |
| INVESTMKNT PROPERTY | |
|---|---|
| FAIRVALUE | |
| At 1January 2022 | 5,750,000 |
| Revaluation | 829,700 |
| At 31December 2022 | 6,579,700 |
| NET BOOKVALUE | |
| At 31December 2022 | 6,579,700 |
| At 31December 2021 | 5,750,000 |
| DEBTORS:AMOUNTS FALLING DUK WITHI | N ONE YEAR | |
|---|---|---|
| 2022 | 2021 | |
| as restated | ||
| Other debtors | 7,706 | 8,738 |
| Prepayments | 11,254 | 9,605 |
| 18,960 | 18,343 |
| CREDITO | RS: AMOUNTS FALLING DUE WITHIN O | NE YEAR | |
|---|---|---|---|
| 2022 | 2021 | ||
| as restated | |||
| Other creditors | 2,562 | 2,643 | |
| Allowance | commitments | 37,722 | 60,821 |
| Accruals and deferred income | 85,519 | 85,121 | |
| 125,803 | 148,585 |
| MOVEMENT IN | FUNDS | |||||
|---|---|---|---|---|---|---|
| Prior | Net | Transfers | ||||
| year | movement | between | At | |||
| At I.l.22 | adjustment | in funds | funds | 31.12.22 | ||
| Unrestricted funds |
||||||
| General fund |
547,235 | 6,986,191 | 701,171 | (90,153) | 8.144,444 | |
| Fixed Asset Fund | 4,136,941 | (49,584) | 945 | 4,088,302 | ||
| 2035 Development | Fund | 200,146 | (18,005) | 182,141 | ||
| 2112Development | Fund | 60,509 | (5,443) | 55,066 | ||
| 2021 Development | Fund | 100,000 | 100,000 | |||
| 5,044,831 | 6,986,191 | 628,139 | (89,208) | 12,569,953 | ||
| Restricted funds | ||||||
| Cyclical Maintenance | 96,540 | (45,570) | 75,000 | 125,970 | ||
| Extraordinaty repairs |
83,346 | 14,208 | 97,554 | |||
| 179,886 | (45,570) | 89,208 | 223,524 | |||
| Endowment funds |
||||||
| Permanent Endowment |
||||||
| Fund | 6,986,191 | (6,986,191) | ||||
| TOTAL FUNDS | 12,210,908 | 582,569 | 12,793,477 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| Unrestricted funds |
||||||
| General fund | 545,192 | (438,835) | 594,814 | 701,171 | ||
| Fixed Asset Fund | (49,584) | {49,584) | ||||
| 2035 Development | Fund | (18,005) | (18,005) | |||
| 2112Development | Fund | (5,443) | (5,443) | |||
| 545,192 | (488,419) | 571,366 | 628,139 | |||
| Restricted funds | ||||||
| Cyclical Maintenance | (45,570) | (45,570) | ||||
| TOTAL FUNDS | 545,192 | (533,989) | 571,366 | 582,569 | ||
| Comparatives for |
movement | in funds | ||||
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1.1.21 | in funds | funds | 31.12.21 | |||
| Unrestricted funds |
||||||
| General fund | 7,420,917 | 328„288 | (215,779) | 7,533,426 | ||
| Fixed Asset Fund | 4,155,932 | {48,026) | 29,035 | 4,136,941 | ||
| 2035Development | Fund | 170,410 | 29,736 | 200,146 | ||
| 2112Development | Fund | 51,519 | 8,990 | 60,509 | ||
| 2021 Development | Fund | 100,000 | 100,000 | |||
| 11,898,778 | 318,988 | (186,744) | 12,031,022 | |||
| Restricted funds | ||||||
| Cyclical Maintenance | 149,745 | (226,437) | 173,232 | 96,540 | ||
| Extraordinary repairs |
69,834 | 13,512 | 83,346 | |||
| 219,579 | (226,437) | 186,744 | 179,886 | |||
| TOTAL FUNDS | 12,118,357 | 92,551 | 12,210,908 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| Unrestricted funds |
|||||
| General fund | 528.397 | (431,028) | 230,919 | 328,288 | |
| Fixed Asset Fund | (48,026) | (48,026) | |||
| 2035 Development | Fund | 29,736 | 29,736 | ||
| 2112Development | Fund | 8,990 | 8,990 | ||
| 528,397 | (479,054) | 269,645 | 318,988 | ||
| Restricted funds | |||||
| Cyclical Maintenance | (1) | (226,436) | (226,437) | ||
| Matched donations | fund | 1,721 | (1,721) | ||
| 1,720 | (228,157) | (226,437) | |||
| TOTAL FUNDS | 530,117 | (707,211) | 269,645 | 92,551 |
| 2022 | 2021 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| as | restated | ||||||||||
| Contracted | but | not | provided | for | in | the | financial | statements | 30,000 |