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← The Byfleet United Charity

2023-12-31-accounts

Page
Report ofthe Trustees 1 to 6
Report ofthe Independent
Auditors		 7 to 9
Statement ofFinancial Activities 10
Balance Sheet
Cash Flow Statement 12
Notes to the Cash Flow Statement 13
Notes to the Financial Statements 14 to 25
Detailed Statement ofFinancial Activities 26

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Regular
staff meetings
take place that are designed
to nnpart
issues.
Where specific proposals
are likely to have a significant		 Regular
staff meetings
take place that are designed
to nnpart
issues.
Where specific proposals
are likely to have a significant		 Regular
staff meetings
take place that are designed
to nnpart
issues.
Where specific proposals
are likely to have a significant		 Regular
staff meetings
take place that are designed
to nnpart
issues.
Where specific proposals
are likely to have a significant		 information
impact on		 and to give
individuals		 staff the
such staff		 opportunity
are consulted		 to raise
in line
with current legislation and good practice.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered
Charity number
1167753
Principal
address
Stoop Court
Leisure Lane
West Byfleet
Surrey
KT14 6HF
Trustees
A Grimshaw Chair
CM Heath Vice-chair
JH McCabe
KElford		 Rector ofStMary's (Ex-Officio)
Vicar ofStJohn the Baptist (Ex-officio)		 Resigned 20/05/2024
M Haines Resigned 30/11/2023
N Bradshaw
RHaddow
Cllr A Boote
G Jones
G Doogan
R.Davidson		 Appointed
Appointed		 18/01/2024
20/05/2024
Executive Director: Mr DBlack

2023 2022
Unrestricted Restricted Total Total
fimds funds funds funds
Notes 6
INCOME AND ENDOWlVIENTS FROM
Donations
and legacies		 219 219 937
Charitable
activities
Almshouse 217,927 217,927 192,920
Grants payable 3,300 3,300 3,300
Estate management 301,222 301,222 301,220
Investment
income		 51,062 51,062 46,815
Total 573,730 573,730 545,192
EXPENDITURE ON
Charitable
activities
Almshouse 241,268 62,043 303,311 252,810
Estate management 69,155 69,155 75,071
Allowances
and Grants		 243,547 243,547 206,108
Total 553,970 62,043 616,013 533,989
Net gains on investmeuts 175,437 175,437 571,366
NET INCOME/(EXPENDITURE) 195,197 (62,043) 133,154 582,569
Transfers
between funds		 38,832
Net movement
in funds		 156,365 (23,211) 133,154 582,569
RECONCILIATION OF FUNDS
Total funds brought
forward		 12,569,953 223,524 12,793,477 12,210,908
TOTAL FUNDS CARRIED FOR%'ARD 12,726,318 200,313 12,926,631 12,793,477

2023 2022
Unrestricted Restricted Total Total
funds funds funds funds
Notes
FIXEDASSETS
Tangible assets
Investments		 12 4,0610,357 4,040,357 4,088,302
Investments
Investment
property		 13
14		 2,101,762
6579700		 111,487 2,213,249
6,579700		 2,037,812
6579 700
12,721,819 111,487 12,833,306 12,705,814
CURRENT ASSETS
Debtors
Cash at bank and in hand		 15 11,252
121366		 88,826 11,252
210192		 18,960
1.94,506
132,618 88,826 221,444 213,466
CREDITORS
Amounts
falling due within		 one year 16 (128,119) (128,119) (125,803)
NET CURRENT ASSETS 4,499 88,826 93,325 87,663
TOTAL ASSETS LESSCURRENT
LIABILITIES 12,726,318 200,313 12,926,631 12,793,477
NET ASSETS » »6,» .» ».
6,6»
FUNDS 17
Unrestricted
funds
Restricted funds		 12,726,318
200,313		 12,569,953
223,524
TOTAL FUNDS 12,926,631 12,793,477
The
fmanciht
sta(9n)eats
were
....2.~...661..gk.f..A,k....tand were		 approved
signed on		 by
the
its behalfby:		 Board
of		 Trustees
and		 authorised for issue
on

Cash Plow Statement
for the year ended 31December 2023
2023 2022
Notes
Cash flows from operating
activities
Cash generated
from operations		 ~35,376) ~9,427)
Net cash used in operating activities ~35,376) ~9,427)
Cash flows from investing activities
Purchase oftangible fixed assets (945)
Interest received 2,062 241
Investment
income		 49,000 46,574
Net cash provided
by investing
activities		 51,062 45,870
Change in cash and cash
the reporting period		 equivalents in 15,686 36,443
Cash and cash equivalents at the
beginning
ofthe reporting		 period 194,506 158,063
Cash and cash equivalents at the end of
the reporting
period		 210,192 194,506

Notes to the Cash Flow Statement
for the year ended 31December 2023		 Notes to the Cash Flow Statement
for the year ended 31December 2023
RECONCILIATION OFNET INCOIVIE TO NET CASH FLOW FROM OPERATING
ACTIVITIES
2023 2022
Net income for the reporting period (as per the Statement ofFinancial
Activities)
Adjustments
for:		 133,154 582,569
Depreciation
charges		 47,945 49,584
Gain on investments
interest received
Investment
income
Decrease/(increase)		 in debtors (175,437)
(2,062)
(49,000)
7,708		 (571,366)
(241)
(46,574)
(617)
Increase/(decrease) in creditors 2,316 ~22,782
Net cash used in operations (35,376) ~9,427)
ANALYSIS OF CHANGES IN NET FUNDS
At 1.1.23 Cash flow At31.12.23
Net cash
Cash at bank and in hand 194,506 15,686 210,192
194,506 15,686 210,192
Total 194,506 15,686 210,192

Almshouse Life expectancy (years)
100
Fixtures & fittings 10
Mechanical, electrical and meal service equipment 5
Furniture 4
Computers 3
Power plant 20

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ESTATE MANAGEMENT
2023 2022
Insurance 1,672 1,635
General marntenance 6,933 37,701
Allocated support costs 60,550 35,735
69,155 75,071
ALMSHOUSE RUNNING COSTS
2023 2022
Running costs 24,381 26,865
Repairs th maintenance 36,531 28,965
Cyclical maintenance 48,543 45,570
Extraordinary
repairs		 13,500
Light, heat 2t water 54,324 26,222
Salaries 59,013 57,391
Depreciation 47,945 49,51!4
Allocated
support costs		 19,074 18,213
303,311 252,810

GRANTS PAYABLK
2023 2022
6
Allowances 75,368 74,655
Grants 123,211 84,261
198,579 158,926
Salaries 26,156 27,313
Support costs 18,812 19,869
243,547 206,108
Allowances
reconciTiation
2023 2022
Commitments
as at I Janumy 2023
Commitments
made in the year
Allowances
paid		 37,722
75,368
~6,
9)		 60,821
74,665
~9.764)
Commitments
as at31 December 2023		 34,940 37,722
Grants awarded
in the year
2023 2022
Individuals
—less than 61,000		 25,229 22,645
Individuals
-more than 61,000		 19,048 15,965
Institutions
-less than 61,000		 6,598 3,217
Grants of61,000 or over:
West Byfleet Junior School 2,000 2,300
West Byfleet Infant School 2,025 3,094
StMary's Junior School 13,233 6,665
Mari st Pnmary
School		 1,700 1,700
Byfleet Primary
School		 1,500 1,500
Matthew
Hackney Foundation		 4,620 6,235
Empower Psychology 3,780 2,640
Woking Hospice 5,000 5,000
Eikon 3,500 3,370
GASP Motor Project 4,255
Byfleet WBC/ StMarys Playgroup 2,184
Stream Close Community prolect 1,784
Byfleet Foodbanky
Citizens		 Advice 9,041 4,066
Byfleet Cricket Club 1,100
Men in Sheds 2,580
StMarys Church 7,500
StJohns Church 2,500
West Byfleet Bowls Club 1,828
Community
Defribillators		 1,070
Woking Community
Fumiuue Project		 7,000
123,211 84,261

SUPPORT COSTS
Governance
Management costs Totals
Almshouse
Estate manageruent
Allowances
and Grants		 8,752
29,154
16,250		 10,322
31,396
2,562		 I9,074
60,550
18,812
54,156 44,280 98,436
AUDITORS' REMUNERATION
2023 2022
Fees payable to the chanty's auditors for the audit ofthe charity's financial
statements
Auditors'
remuneration		 for non audit work 5,355
3,124		 5,050
3,120

2023 2022
6
Salaries
Social security costs
Pension contribution		 122,812
5,407
9,480		 123,787
5,028
9,237
137,699 138,052
The average monthly number ofemployees during the year was as follows.
2023 2022
Grants and pensions
Ahnshouse
Adnunistration		 1
4
I		 1
5
I

STAFI6' COSTS - cont inued
No employees
received		 emoluments in excess of660,000.
COMPARATIVKS FOR THK6 STATEMENT O'F FINANCIAL ACTIVITIES
Unrestricted Restricted Eudowment Total
funds funds fund funds
8
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 937 937
Charitable
activities
Almshouse 192,920 192,920
Grants payable 3,300 3,300
Estate management 301,220 301,220
Investment
iucome		 46,815 46,815
Total 545,192 545,192
EXPENDITURE ON
Charitable
activities
Almshouse 207,240 45,570 252,810
Estate management 75,071 75,071
Allowances
and Grants		 206 108 206,108
Total 488,419 45,570 533,989
Net gains on investments 571,366 571,366
NKT INCOME/(EXPENDITURE) 628,139 (45,570) 582,569
Transfers
between
funds		 (89,208) 89,208
Net movement
in funds		 538,931 43,638 582,569
RECONCILIATION OF FUNDS
Total funds brought
forward
As previously
reported
Prior year ad)ustment		 5,044,831
6,986,191		 179,886 6,986,191
~6986,»		 12,210,908
As restated 12,031,022 179,886 12,210,908
TOTAL FUNDS CARRIED FORWARD 12,569,953 223,524 12,793,477

for the year ended 3
TANGIBLE FIXEDASSETS		 1December 2023
Fixtures
Freehold and
property fittings Totals
6
COST
At 1 January 2023 and 31December 2023 4,000,000 265,044 4,265,044
DEPRECIATION
At I January 2023
Charge for year		 86,957
28,985		 89,785
18,960		 176,742
47,945
At 31 December 2023 115,942 108,745 224,687
NKT BOOKVALUE
At 31 December 2023 3,884,058 156,299 4,040,357
At 31December 2022 3,913,043 175,259 4,088,302

INVESTMENT PROPERTY
FAIR VALUE
At I January 2023
and 31December 2023		 6,579,700
NET BOOKVALIJE
At 31December 2023 6,579,700
At 31December 2022 6,579,700

DEBTORS :AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
f.
Other debtors 500 7,706
Prepayments 10,752 11,254
11,252 18,960
CREDITORS: AMOUNTS liALLING DUE WITHIN ONE YEAR
2023 2022
Other creditors 2,849 2,562
Allowance commitments 34,940 37,722
Accruals and defened income 90,330 85,519
128,119 125,803

MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.1.23 in funds funds 31.12.23
f.
Unrestricted
funds
General fund 8,144,444 213,422 (2,005,993) 6,351,873
Fixed Asset Fund 4,088,302 (47,945) 4,040,357
2035 Development
2112Development		 Fund
Fund		 182,141
55,066		 22,821
6,899		 1,967,161 204,962
2,029,]26
2021 Development Fund I00,000 100,000
12,569,953 195,197 (38,832) 12,726,318
Restricted funds
Cyclical Maintenance 125,970 (48,543) 24,096 101,523
Extraordinary
repairs		 14,736 98,790
TOTAL FUNDS 12,793,477 133,154 12,926,631

Net movement
in		 funds, included funds, included in the above are as follows:
Incoming Resources Gains and Movement
resources expeuded losses in funds
Unrestricted
funds
General fund
Fixed Asset Fund
2035 Development
2112Development		 Fund
Fund		 573,730 (506,025)
(47,945)		 145,717
22,821
6,899		 213,422
(47,945)
22,821
6,899
Restricted funds 573,730 (553,970) 175,437 195,197
Cyclical Maintenance
Extraordinary
repairs		 (48,543)
(13,500)		 (48,543)
~13,500)
~62,043 ~62,043
TOTA.LFUNDS 573,730 (616,013) 175,437 133,154
Comparatives
for		 movement in funds
Prior Net Transfers
year movement between At
A11.1.22 adjustment in ftmds funds 31.12.22
Unrestricted
funds
General fund
Fixed Asset Fund
2035 Development
2112Development
2021 Development		 Fund
Fund
Fund		 547,235
4,136,941
200,146
60,509
100000		 6,986,191 701,171
(49,584)
(18,005)
(5,443)		 (90,153)
945		 8,144,444
4,088,302
182,141
55,066
100,000
Restricted
funds		 5,044,831 6,986,191 628,139 (89,208) 12,569,953
Cyclical Mamtenance
Extraordinary
repairs		 96,540
83,346		 (45,570) 75,000
14,208		 125,970
97554
Endowment
funds		 179,886 (45,570) 89,208 223,524
Permanent
Endowment
Fund 6,986,191 (6,986,191)
TOTAL FUNDS 12,210,908 582,569 12,793,477

Incommg Resources Gamsand Movement
resources expended losses iu funds
Unrestricted
funds
General fund 545,192 (438,835) 594,814 701,171
Fixed Asset Fund (49,584) (49,584)
2035Development
2112Development		 Fund
Fund		 (18,005)
~5,443)		 (18,005)
~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

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