|||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||||||||
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||||||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|
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|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|
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|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|
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|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|
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|||||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|
##
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|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|
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|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|
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|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|
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|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|
##
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|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|
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|||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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