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



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## 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 movement**in **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|





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






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||**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|