2022-03-31-accounts

Page:
1	Reportofthetrustees
9	Independentauditor'sreport
12	Statementoffinancial activities
13	Balance sheet
14	Statementofcashflows
15	Notes formingpartofthefinancial statements

RSM UK Audit LLP

27 January 2023

			Unrestricted and total	Unrestricted and total	Unrestricted	and total
				funds	funds
		Note		2022	2021
			£	£	£	£
Income from:
Investments
- Equity holdings				517,616		278,626
- Bankdeposit interest				22		54
- Rents receivable				9,540		9,540
Charitable activities
- Service charges				92,279		91,761
Other
- Wayleavesreceivable				5		5
-Gain on disposal offixed assets				79,333
Total income				698,795		379,986
Expenditure on:
Raisingfunds
Investment management costs-Vincent Close				498		1,310
	-Equity holdings			67,442		58,927
				67,940		60,237
Charitable activities		2
Activities undertaken directly:
-George Gibson Close-Almshouses			365,744		379,220
- Persimmon Walk			3,706		2,889
-Newmarket DayCentre			25,291		6,905
- ExningCourt			1,857		1,786
				396,598		390,800
Total expenditure				464,538		451,037
Net gains on investments		8		1,011,273		1,890,357
Net movementin funds				1,245,530		1,819,306
Reconciliation of funds:
Total funds brought forward				12,225,471		10,406,165
Total funds carried forward		13		13,471,001		12,225,471

	Note		2022		2021
		£	£	£	£
Fixed assets:
Tangible assets	7		1,287,403		1,393,779
Investments	8		11,878,574		10,744,167
Totalfixed assets			13,165,977		12,137,946
Current assets:
Debtors	9	88,370		82,903
Cashatbank		264,308		101,262
Total current assets		352,678		184,165
Liabilities:
Creditors: amountsfallingdue within
oneyear	10	46,859		81,535
Net current assets			305,819		102,630
Total assets less current liabilities			13,471,796		12,240,576
Provisions for liabilities	11		(795)		(15,105)
Total net assets	12		13,471,001		12,225,471
The funds ofthe charity:
Unrestrictedfunds	13
- Designatedcharitable fixedassetsfund			1,287,403		1,393,779
- Designatedcapital fund			11,878,574		10,744,167
- General fund			305,024		87,525
Total charityfunds			13,471,001		12,225,471

	Note	2022	2021
		£	£
Cash flows from operating activities:
Net cash (used in)/providedby operating activities	15	(345,422)	(337,467)
Cash flows from investing activities:
Investment income		475,459	309,088
Purchase offixed assets		(49,697)	(73,447)
Proceeds ofsaleoffixed assets		205,840
Proceeds ofsale ofinvestments		1,114,715	1,577,247
Purchase ofinvestments		(1,237,849)	(1,519,235)
Cash provided by/(used in) investing activities:		508,468	293,653
Increase/(decrease) in cash and cash equivalents
in the year		163,046	(43,814)
Total cash and cash equivalents at the beginning
of year		101,262	145,076
Total cash and cash equivalents at the end of year		264,308	101,262
Analysis of cash and cash equivalents
Cashinhand	16	264,308	101,262

Freeholdproperty-JohnEastCentre	- 50 years
Leasehold propertyNewmarket DayCentre	- 99years
Gardenmachinery	- 5years
Office&Centre equipment	- 5 years

	George	Persim-	Newmar-	Exning	2022	2021
	Gibson	-mon	ket Day	Court	Total	Total
	Close	Walk	Centre
	£	£	£	£	£	£
Staffcosts	(4,770)				(4,770)
Property and maintenance	259,657	1,849	2,765		264,271	276,561
Donations			16,055		16,055
Depreciation and profit/loss
ondisposal offixedassets	23,586		4,614		28,200	24,930
Supportand governance costs	87,271	1,857	1,857	1,857	92,842	89,309
Total	365,744	3,706	25,291	1,857	396,598	390,800

location of support costs
	Other	Governance	Total	Total
	Support	Costs	Allocated	Allocated
	Costs		2022	2021
Support cost	£	£	£	£
Staffcosts	43,993	14,664	58,657	57,819
PPS, IT, telephone & officecosts	2,501	833	3,334	2,954
Depreciation ofoffice equipment and
profit/loss on disposal offixedassets	1,024	342	1,366	836
Auditandaccountancy - audit		13,800	13,800	11,725
- other costs		8,975	8,975	7,650
Legal andprofessional fees		6,517	6,517	8,187
Trusteemeeting& sundrycosts		193	193	138
	47,518	45,324	92,842	89,309

aritable activityas follows:
	2022	2021
	£	£
The GeorgeGibsonAlmshouses 94% (2021: 94%)	87,271	83,951
PersimmonWalk2% (2021: 2%)	1,857	1,786
Newmarket DayCentre2%(2021: 2%)	1,857	1,786
ExningCourt2% (2021: 2%)	1,857	1,786
Total allocated	92,842	89,309
ployment costs
	2022	2021
	£	£
Wagesandsalaries	46,494	50,542
Social securitycosts	5,855	5,761
Otherpensioncosts	1,538	1,516
	53,887	57,819

gible fixed assets
	Freehold	Leasehold	Garden		Office	Total
	property	property	machinery		& Centre
					equipment
	£	£		£	£	£
Cost
At I April2021	1,235,967	303,424	23,939		19,404	1,582,734
Additions		43,226		2,716	3,755	49,697
Disposals	(126,507)		(1,190)		(714)	(128,411)
At 31 March 2022	1,109,460	346,650	25,465		22,445	1,504,020
Depreciation
At I April 2021	78,650	78,324	20,232		11,749	188,955
Chargefortheyear	18,384	4,614		1,410	4,490	28,898
Disposals				(950)	(286)	(1,236)
At 31 March 2022	97,034	82,938	20,692		15,953	216,617
Net book value
At 31 March 2022	1,012,426	263,712		4,773	6,492	1,287,403
At31 March 2021	1,157,317	225,100		3,707	7,655	1,393,779
ed asset investments
	Freehold	UK listed
	investment	equity			2022	2021
	property	investments			Total	Total
	£		£		£	£
Market value
At 1 April 2021	226,800	10,517,367		10,744,167		8,911,822
Additions		1,237,849		1,237,849		1,519,235
Disposalproceeds		(1,114,715)		(1,114,71		(1,577,247)
					5)
Revaluation/netinvestment
gams	22,900	988,373		1,011,273		1,890,357
At 31 March 2022	249,700	11,628,874		11,878,574		10,744,167
Cost at 31 March 2022	158,178	9,745,201		9,903,379		9,502,430

		2022	2021
		£	£
	Otherdebtors	32,010	12,659
	Prepaymentsandaccruedincome	56,360	70,244
		88,370	82,903
10	Creditors: amounts falling due within one year
		2022	2021
		£	£
	Tradecreditors	9,763	6,421
	Other taxesandsocial security	2,247	2,299
	Accrualsand deferredincome	34,849	72,815
		46,859	81,535
11	Provisions for liabilities
		2022	2021
		£	£
	Balance at 1 April 2021	15,105	24,645
	Reversal ofprovisionintheyear	(4,770)
	Chargedintheyear	(9,540)	(9,540)
	Balance at 31 March 2022	795	15,105

Current year	Designated
	charitable			Total
	fixed assets	Designated	General	Funds
	fund	capital fund	fund	2022
	£	£	£	£
Tangible assets	1,287,403			1,287,403
Investments		11,878,574		11,878,574
Net current assets			305,819	305,819
Provisions forliabilities			(795)	(795)
	1,287,403	11,878,574	305,024	13,471,001
Prioryear	Designated
	charitable			Total
	fixed assets	Designated	General	Funds
	fund	capital fund	fund	2021
	£	£	£	£
Tangible assets	1,393,779			1,393,779
Investments		10,744,167		10,744,167
Net current assets			102,630	102,630
Provisions forliabilities			(15,105)	(15,105)
	1,393,779	10,744,167	87,525	12,225,471

Current year	Designated
	charitable
	fixed asset	Designated	General	Total
	fund	capital fund	fund	2022
	£	£	£	£
Balance at 1 April 2021	1,393,779	10,744,167	87,525	12,225,471
Net movement in funds			1,245,530	1,245,530
Transfers between funds	(106,376)	1,134,407	(1,028,031)
Balance at 31 March 2022	1,287,403	11,878,574	305,024	13,471,001

Prioryear	Designated
	charitable
	fixed asset	Designated	General	Total
	fund	capital fund	fund	2021
	£	£	£	£
Balance at 1 April 2020	1,346,099	8,911,822	148,244	10,406,165
Net movement in funds			1,819,306	1,819,306
Transfers between funds	47,680	1,832,345	(1,880,025)
Balance at 31 March 2021	1,393,779	10,744,167	87,525	12,225,471

	2022	2021
	£	£
Financial assets:
Instruments measured at fairvalue throughthe SOFA	11,395,367	10,370,235
econciliation ofnet movement in funds to net cash flow from operations
	2022	2021
	£	£
Net movement in funds	1,245,530	1,819,306
Depreciation charges	28,898	25,767
Loss/(profit) on sale offixed assets	(78,665)
(Gains)/losses on investments	(1,011,273)	(1,890,357)
Investment income	(527,178)	(288,220)
(Increase)/decrease indebtors	46,252	(44,920)
Increase/(decrease) in creditors&provisions	(48,986)	40,956
Net cash (used in)/provided by operating activities	(345,422)	(337,467)

16	Analysisofchangesinnetfunds
		2021	CashFlow	2022
		£	£	£
	Cash at bankand in hand	101,262	163,046	264,308