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|||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|
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||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|||||||
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||||||||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|
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|||Life expectancy|(years )|
|---|---|---|---|
|Almshouse||100||
|Fixtures A|fittings|10||
|Mechanical,|electrical and meal service equipment|5||
|Furniture||4||
|Computers||8||
|Power plant||20||
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|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|
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|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|
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||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|
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|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|
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||2022|2021|
|---|---|---|
|Salaries|123,787|121,598|
|Social security costs|5,028|5,250|
|Pension contribution|9,237|9,309|
||138,052|136,157|
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||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|
##
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|||||Unrestricted|Restricted|Endowment|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|fund|funds|
||||||||as restated|
|TOTAL|FUNDS|CARRIED|FORWARD|12,031,022|179,886||12,210,908|
##
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|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|
##
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||||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).||
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|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|
##
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|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|
##
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|||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|
##
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||||||||||2022||2021|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||as|restated|
|Contracted|but|not|provided|for|in|the|financial|statements|30,000|||
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