| ~ON | The William Barrow's Charity | The William Barrow's Charity | The William Barrow's Charity | ||||
|---|---|---|---|---|---|---|---|
| A Charitable | Incor | Charities Commission: | Registered | number. | 1172933 | ||
| ~OSntsadon | Companies House: |
Registered | number. | CE009923 | |||
| A~d | c/o Clerk to the Trustees, bourne, |
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| 43Park Road, | |||||||
| Sitting | |||||||
| Kent. | ME101DY | ||||||
| Mr. S.C.Batt (Chair of | Trustees) | ||||||
| Mr. G.A. Wetherell | (ViceChair | of Trustees) | |||||
| Alderman D. Dewar-Whailey |
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| Mr. R.P.R.Dixon | |||||||
| Mr. E.G. Doubleday | |||||||
| Mm. C.Ford | |||||||
| Mr. G. Herbert | |||||||
| Fr. R.D. Lane | |||||||
| hllr. J.Mair | |||||||
| lrrggginta~dtgess | Ex-officio Trustee - The Vicar ofBorden (No.1)-Fr. R.D. Lane Co-opted Trustees - by appointment (Nos. 9) No. 1Vacant |
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| ~gl Advisers | Brachers Somerfield House |
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| 59, London Road | |||||||
| Maidsione | |||||||
| Kent | ME16SJH | ||||||
| ~lnd garden | |||||||
| JADAudit Ltd |
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| Chartered Accountants | |||||||
| 4, Bloors Lane, | |||||||
| Rainham, | |||||||
| Gillingham, | |||||||
| Kent | MES7EG | ||||||
| Handelsbanken | |||||||
| Suite 5,2nd Floor | North, | ||||||
| Fitted Rigging House, | |||||||
| The Historic Dockyard, | |||||||
| Chathem, | |||||||
| Kent | ME4 4TZ |
| TEME OF Pl AC |
I 022 |
I 022 |
||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| Income | Income | tndowment | Funds | Funds | ||
| Fund | Fund | Fund | 51/12/2022 | 51/12/2021 | ||
| Note | f | 5 | 5 | 5 | 5 | |
| Incorrie | ||||||
| Rents and other property income receivable 3 investment income 4 |
254,183 22,048 |
254,183 22,048 |
249,078 21,872 |
|||
| Total | 276,231 | 276,231 | 270,950 | |||
| ~Edtt | ||||||
| Chciritable activities | 5 | |||||
| Educational grants Clause 3(2)a School gmnts Clause 3(2)b Individual grants |
40,000 49,450 |
40,000 49,450 |
33,638 27,000 |
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| Hardship grants Clause 3(1)aGrants to pensioners |
64,550 | 64,550 | 16400 | |||
| Clause 3(1)a Grants to younger persons Clause 3(1)cGrants to bodies Governance costs |
6 | 1,000 7,842 32,138 |
1,000 7,842 32,138 |
14,108 14,405 49,339 |
||
| 194,980 | 194,980 | 154,982 | ||||
| Costof i'aising funds | ||||||
| Property management induding repairs and professional costs Property consultancy costs investment management costs |
109,46D 5,955 |
941,746 | 109,480 941,746 6,955 |
108,940 12,432 |
||
| Total | 310,415 | 941,746 | 1,252,161 | 275,354 | ||
| Netincome/(expenditure) before investment gains/(losses) |
(34,184) | - | (941,746) | (976,930) | (5/04) | |
| Surpiusl(deficit) on disposal of investments |
(56,724) | (79,834) | (136,558) | 2,654 | ||
| Surplus/(deficit) on revaluation investments |
of | 73,490 | ||||
| Surplus((deficit) on disposal of property Surplus/(deficit) on revaluation of |
185,00D 132,445 |
185,000 132,446 |
3,088,200 (114,625) |
|||
| property | ||||||
| Net gains/(losses) on investments |
(56,724) | 237,612 | 180,888 | 3,049,719 | ||
| Net movementin funds |
(90,906) | (704,134) | (795,042) | 3,0ibL315 | ||
| Total Funds at01January 2022 | 1,015,288 | 25,000 | 11,500,759 | 12,541,047 | 9,496,732 | |
| Total Funds at 51December 2022 | 924,380 | 25,000 | 10,796,625 | 11,746,005 | 12,541,047 | |
| Page 9 |
| THE L lANI BARR III)LAf~fCE FEEI |
OIIIFS | ||||||
|---|---|---|---|---|---|---|---|
| F RT | C | 022 | |||||
| F~ | 2022 E |
2021 | |||||
| Tangible fixed asseis Investment properties Investments |
8 9 10 |
6,235,000 | 10,893,200 976,814 |
||||
| 6,235,000 | 11,869,814 | ||||||
| CurnSLt Assetg Cash at bank Debtors |
11 | 5,152,'t07 422,319 |
705,847 15,857 |
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| 5,574,426 | 721,704 | ||||||
| C~ito -amounts within one year |
falling due | 12 | (63,421) | (50,471) | |||
| Net cunent assets | 5,511,005 | 671,233 | |||||
| Total Net Assets | 13 | 11,746,005 | 12,541,047 | ||||
| Unrestricted Income Fund Restricted Income Fund Endowment Fund |
14 10 18 |
924,380 25,000 10,796,625 |
1,015,288 25,000 11,500,759 |
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| Total Funds | 11,748,005 | 12,541,047 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| 8 | ||||||
| Parochial Parish ofBorden Borden Fete Committee Oemelza Hospice Care for Children Sittingboume Soouts Borden Sports Association |
7,000 742 100 |
7,000 1,800 5,605 |
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| 7,842 | 14,405 | |||||
| Governance costs | ||||||
| Unrestricted | 2022 | 2021 | ||||
| Income | Endowment | Total | Total | |||
| Fund | Fund | Funds | Funds | |||
| 5 | 5 | |||||
| Clerk's salary Sarrow Room expenses Accountancy fees Auditors' fee Professional fees Web hosting Publication costs Website depreciation charge Sundry expenses |
19,200 1,572 3,800 5,900 1,140 518 (52) 60 |
19,200 1,572 3,800 5,900 1,140 518 (52) 60 |
19,200 1,152 3,800 5,400 7,500 1,197 4,860 6,230 |
|||
| 32,138 | 32,138 | 49,339 | ||||
| 7 | Auditors' remuneration |
2022 | ||||
| 5 | ||||||
| Fees payable to the Charity's forthe audit ofthe Charity's |
auditor and its associates annual financial statements |
5,400 |
| 8 | Tangible fixed assela ~ebsi |
2021 | ||
|---|---|---|---|---|
| Cost at 01 January and 31 December |
13,885 | |||
| Depreciation at01 January Charge for the period |
9,025 4,860 |
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| Depreciation at31 December | 13,885 | |||
| Net book value at 31 December | ||||
| 9 | Investment properges |
Unrestricted | ||
| Income | Endowment | 2022 | ||
| Fund | Fund | Total | ||
| E | ||||
| Valuation at 01 January 2022 Disposal at valuation Revaluation surplus in year |
10,893,200 (4,843,200) 185,000 |
10,893,200 (4,843,200) 185,000 |
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| Valuation at31 December 2022 | 6,235,000 | 6,235,000 |
| N F 10 |
EWILLIAM BARROW'S CHARITY E CIAL TH END 1DE Inveetmenta -congnued |
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|---|---|---|---|---|---|
| unrestricted | |||||
| Endowment | income | 2022 | |||
| Valuation at 01 January 2022 | Fund K 494,031 |
Fund 5 482,583 |
Total 8 976,514 |
||
| Disposals at valuation | (494,031) | (482,583) | (976,614) | ||
| Valuation at 31 December 2022 | |||||
| 10 | (a) Invsetmenla -Endowment Fund |
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| Cost | Value | Cost | Value | ||
| 2022 | 2022 | 2021 | 2021 | ||
| E.p. | E.p. | Fp. | Ep. | ||
| 49,177.23 Charles Stanley Monthly High Income |
50,328.86 | 48,007.70 | |||
| 2,500 Scottish Mortgage Inv Trust Ord GBP0.05 |
10,557.50 | 33,437.50 | |||
| 1,768.43Jupiter Unit Trust Managers Financial Opportunities |
10,358.69 | 16,222.87 | |||
| 3,500Vodaphone Group Ord $0.2095238 500Diageo Ord GBP0.28101/108 |
7,308.00 12,265.00 |
3,929.10 20,180.00 |
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| 2,000 HSBC Holdings PLC Ord USD 0.50 750Royal Dutch Shell BOrd 80.07 |
14,742.00 17,208.75 |
8,973.00 12,168.00 |
|||
| 1,054Nationai Grid Ord GBP0.12431289 |
9,745.28 | 11,170.29 | |||
| 1,100Aberforth Smaller Cos Trust Ord GBP0.01 |
14,366.00 | 16,104.00 | |||
| 1,385Herald Invtntment Trust Ord GBP0.25p |
15,001.35 | 34,193.25 | |||
| 340.305 Findlay Park Funds Pic American GBP Hedged |
18,393.49 | 34,14961 | |||
| 10,000 Blackrock Frontier Markets Inv Tst USD 0.01 |
14,900.00 | 13,175.00 | |||
| 5,2103i Infrastructure Ord NPV |
12,823.80 | 18,469.45 | |||
| Cerned forward | 207,998.72 | 270,179.77 |
| 0 [a)Inv~ -Endowment F |
und (co | ntinued) | |||
|---|---|---|---|---|---|
| Cost | Value | Cast | Value | ||
| 2022 | 2022 | 2021 | 2021 | ||
| Ep. | f.p. | Ep. | F.p. | ||
| Brought forward | 207,998.72 | 270,179.77 | |||
| 8,200 Invesco Bond Income Plus Ord NPV |
Ltd | 16,174.50 | 15,354.50 | ||
| 6,445 Fidelity Special Values Ord GBP0.05 |
15,677.46 | 19,431.68 | |||
| 2,350 AVI Global Trust PicOrd GBP 0.10 |
16,297.25 | 25,427.00 | |||
| 1,650Biotech Growth Trust Ord GBP 0.25 |
13,612.50 | 19,602.00 | |||
| 1,150 Legal 8General GO UCITS ETF Solutions pic |
9,543.56 | 21,624.59 | |||
| 4,700Vinacapitai Vietnam Opp Fnd Ord USD 0.01 |
14,989.30 | 24,252.0D | |||
| 15,829.14Henderson Investment Funds Ltd Strategic Bond |
19,525.68 | 21,638.43 | |||
| 650First Trust Global Funds pic Oow Jones |
FT | 10,158.3D | 15,262.DD | ||
| 7,472 Octopus Renswables infra pic GBP0.01 |
TR | 7,472.00 | 8,278.9S | ||
| 4,331 Atrato Onsite Energy pic Ord GBP0.01 |
4,331.00 | 4,742.45 | |||
| 9,000Montanaro Asset Management Ltd Better World Cash on Capital Account |
15,048.0D 30,15640 |
18,080.10 30,156.40 |
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| 380,984.67 | 494,029.90 | ||||
| 10 (b) Investments -Unrestricted |
Income | Fund Cost |
Value | Cost | Value |
| 2022 | 2022 | 2021 | 2021 | ||
| Ep. | K.p. | Ep. | Fp. | ||
| 1,500 Murray International Trust GBP0.25 |
Ord | 17,820.00 | 17,340.00 | ||
| 1,381 Tesco pic Ord GBP0.063333 650 GlaxoSmithKline Ord GBP0.25 |
3,275.13 9,675.25 |
4,003.52 10,442.90 |
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| 200 Reckitt Benckiser Group Ord GBP0.10 |
13,626.00 | 12,684.00 | |||
| 44,396.38 | 44,470.42 |
| (b)tnvestments -Unrestricted Income |
Fund (cont | inued) | ||
|---|---|---|---|---|
| Cost | Value | Cost | Value | |
| 2022 | 2022 | 2621 | 2021 | |
| F.p. | E.p. | Ep. | ||
| Brought forward | 44,396.38 | 44,470.42 | ||
| 1,860 Murray Income Trust Ord GBP0.25 |
23,812.50 | 17,074.80 | ||
| 300Rio Tinto Ord GBP0.10 | 10,419.00 | 14,676.00 | ||
| 692 Babcock Intl Grp Ord GBP60p | 5,726.30 | 2,204.71 | ||
| 44,903.7987Aviva Investors UK SVCS Ltd Strategic Bond 7,894 3iIn~re Ord NPV |
45,559.20 19,430.00 |
45,595.32 27,984.23 |
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| Investment Trust Ord GBP0.05 |
20,949.50 | 42,185.00 | ||
| 5,000 Schroder Oriental Income Fund Ord GBP0.01 |
12,537.50 | 13,425.00 | ||
| 1,000Polar Cap Technology Trust GBP0.25 |
10,490.00 | 27,280.00 | ||
| 5,000 JP Morgan Euro Discovery Trust Pic Ord GBP 0.05 |
19,687.50 | 27,250.00 | ||
| 3,500Schroder Asia Pacific Ord GBP0.10 |
14,910.00 | 20,650.00 | ||
| 9,500 Blackrock Continental Eur Inc D Units |
15,200.00 | 18,282.75 | ||
| 1,750BAESystems Ord GBP0.025 | 11,051.25 | 9,621.50 | ||
| 25,000 Miton UK Microcap Trust Ord GBP0.001 |
15,750.00 | 22,375.00 | ||
| 2,000 Monks investment Trust Ord GBP0.05 |
14,090.00 | 27,480.00 | ||
| 41,000Schroder Unit Trust Strategic Credit |
40,352.20 | 39,593.70 | ||
| 6,000 Bailiie Gifford Shin Nippon Ord GBP0.02 |
11,041.00 | 13,260.00 | ||
| 7,472 Octopus Renewables Infra TRPLC GBP0.01 |
7,472.00 | 8,278.98 | ||
| 10,000 FIL Investment Services (UK) Ltd Global Dividend |
13,587.00 | 15,710.00 | ||
| 10,000Greencoat Wind pic Ord GBP0.01 |
13,495.24 | 14,060.00 | ||
| Cash on Capital Account | 31,126.02 | 31,126.02 | ||
| 401,082.59 | 482,583.43 |
| EYEAR EI4 11Debtors |
C | 2 | 02 | ||||
|---|---|---|---|---|---|---|---|
| 2022f | 2021 E |
||||||
| Prepayments and |
accrued income | 422,319 | 15,857 | ||||
| 12Creditors | 2022 | 2021 | |||||
| F | E | ||||||
| Arxxuals and deferred income Tenants' deprxrits |
44,571 18,850 |
31,794 18,677 |
|||||
| 63,421 | 50,471 | ||||||
| Investment properties 13Analysis offund assets and |
liabgities | Unrestricted Income Fund 8 |
Restricted Income Fund 8 |
Endowment Fundf 6,235,000 |
2022 Total Funds 6,235,000 |
2021 Total Funds F 10,893,200 976,614 |
|
| Invssbnents Cash at bank Debtors Credilors |
951,082 22,319 (49,021) |
25,000 | 4,176,025 400,000 (14,400) |
5,152,107 422,319 (63,421) |
705,847 15,857 (50,471) |
||
| 924,380 | 25,000 | 10,796,625 | 11,746,005 | 12,541,047 | |||
| 14Unrestricted Income Fund |
Unreslricted | Unrestricted | |||||
| Income | Income | ||||||
| Fund | Fund | ||||||
| 2022 | 2021 | ||||||
| 8 | |||||||
| At01 January hist income after management and governance costs Charitable expenditure Surplus on disposal ofinvestments Surplus/(deficit) on revaluation of investments |
1,015,288 128,658 (162,842) (56,724) |
984,112 105,099 (105,643) 2,527 29,193 |
|||||
| At31 December | 924,380 | 1,015,288 |
| Endowment Fund |
|||||
|---|---|---|---|---|---|
| Endowment | Endowment | ||||
| Fund | Fund | ||||
| 2022 | 2021 | ||||
| 6 | 6 | ||||
| At 01 January Surplus/(Deficit) on disposal of financial investments Surplus on revaluation offinancial investments Delicit on disposal ofproPertY Surplus on revaluation of property Website depreciation |
11,500,759 (79,834) (809,300) 185,000 |
8,487,620 127 44,297 (114,625) 3,088,20D (4,860) |
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| 31Db | 10,796,625 | 11,50D,759 |
| THE WILUAM BARROylFS CHARITY OME AND EXP TURE ACCO REN 3 DE |
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|---|---|---|---|---|
| 31December | 2922 | 31December | 2921 | |
| 6 | 6 | 6 | 6 | |
| RECEIPTS EARNED FROM ASSET8 | ||||
| RENTAL INCOME | ||||
| House and cottage rents Farm and other rents Wayleave s |
225,484 28,110 609 |
206,904 41,837 337 |
||
| 254,183 | 249,078 | |||
| Less Dimct Property expenditure:- Insurance premium Agent and surveyors fees |
11,122 41,643 |
9,704 39,971 |
||
| Property Repairs: Riddles Farmhouse |
2,734 | 1,510 | ||
| Riddles Cottage Barrow House and Forge House 3,The Street 1, The Street 9, Maylam Gardens 37, Maylam Gardens 51,Maylam Gardens 53, Maylam Gardens 75,Maylam Gardens 77, Maylam Gardens 8, Russell Close 267, Park Road Rose Cottage Hooks Hole Farm Land at Apple Tree Cottage land at Yew Tree Cottage Land at Riddles The Forge Flat 1,Forge House Flat 2, Forge House Flat 1, Barrow House Flat 2, Barrow House Flat 1,118High Street Flat 2, 1'IB High Street Flat 3,118High Street 116/118,High Street Others |
7,833 4,171 6,513 261 962 465 2,138 303 685 427 6,755 7,758 621 2,486 500 350 1,980 268 184 257 1,098 786 154 7,026 |
4,205 3,951 1,057 273 14,595 185 333 6,664 481 553 668 375 1,432 4,15'I 2,670 1.333 3,909 1,199 410 2,777 308 1,464 2,183 1,623 |
||
| (109,480) | (108,940) | |||
| TOTALNETPROPERTY INCOME -carried forward | 144,703 | 140,138 |
| RTHE NDE DECE |
IIII 20 |
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|---|---|---|---|---|---|
| 31December f |
2022 f |
31December f |
2021 | ||
| RECEIPTS EARNED FROM ASSETS-congnued | |||||
| TOTAL NET PROPERTY INCOME -brought forward | 144,703 | 140,138 | |||
| INVESTMENT INCOME Dividends from investments |
14,758 | 21,872 | |||
| Bank Deposit account interest Other interest |
7,155 135 |
||||
| 22,048 | 21,872 | ||||
| Investment managers fees |
(5,955) | (12,432) | |||
| NET INVESTMENT INCONIE | 16,093 | 9,440 | |||
| TOTAL NET INCOME | 160,796 | 149,578 | |||
| ~L:Management and Adminietragon Clerk's salary Barrow Room expenses Accountancy fees Auditor's fee Insurance brokers fee |
19,200 1,572 3,800 5,900 840 |
19,200 1,152 3,800 5,400 850 882 |
|||
| Legal fees Other professional fees Bank charges |
300 60 |
5,788 60 |
|||
| Web hosting Book net (income)/coals Additional security measures |
518 (52) |
1,197 6,170 |
|||
| (32,138) | (44,479) | ||||
| CHARITY'S INCOME FORTHE | YEAR | f | 128,658 | f | 105,099 |
| Costs charged to Endowment | account | ||||
| Website depreciation charge |