## |Contents||||| |---|---|---|---|---| |Page:||||| ||Report ofthe|trustees||| ||Independent|auditor's|report|| |12|Statement offinancial||activities|| |13|Balance sheet|||| |14|Statement of|cash flows||| |15|Notes forming part ofthe financial|||statements| |Trustees||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Unrestricted|aud total|Unrestricted|and total| |---|---|---|---|---|---|---| |||Note|funds
2023||funds
2022|| |Income from;||||||| |lnvrslmeirrs||||||| |-Equity holdings
-Bank deposit interest
-Rents receivable||||427,049
1,889||517,616
22| |Charitable
activities||||9,470||9,540| |-Service charges
Oilier||||86,992||92379| |-lyiayleaves
receivable||||||| |-Gain on disposal offixed assets||||||5| |||||||79,333| |Tots Iincome||||||| |||||525,405||698,795| |Expcnditurc
on:||||||| |Raising funds||||||| |Investment
management|costs —Vincent Close
—Equity holdings|||3,144
66,617||498
67,442| |C/Iarlrable aeaviiles||||69,761||67,940| |Activities
undertaken
directly:||||||| |-George Gibson Close -Ahnshouses
-Persimmon
Walk|||306259||365,744|| |-Newmarket
Day Centre
-Exning Court|||9,136
959||3,706
25,291
1,857|| |||||3161354||396,598| |Total expenditure||||386,115||464,538| |Net (tosses)/gains
on investments||||(204,129)||1,011,273| |Net movement
in funds||||(64,839)||1,245,530| |Reconciliation offunds;||||||| |Total funds brought
forward|||1314711001||I2425,47I|| |Total fuads carried forward||13|13,406,162||13,4/l, ooI|| ## |||Note|2023|||2022| |---|---|---|---|---|---|---| |Fixed assets:||||||| |Tangible assets|||1,261,809|||1,287,403| |Investments|||'I1,639,758|||11,878,574| |Totalfixed assets|||12,901467|||13,165,977| |Current assets:||||||| |Debtors||9|95,789||88,370|| |Cash at bank|||455,158|264,308||| |Total current assets|||550$147|352,678||| |Liabilities:||||||| |Creditors; amounts|falling due within|||||| |one year||10|46452||46,859|| |Net current assets||||504,595||305,819| |Total assets less current||liabilities|13,406,162|||13,471,796| |Provisions for liabSities||||||(795)| |Totat net assert||12|13,406$162|||13,471,001| |The funds ofthe charity:||||||| |Unrestricted
funds||13||||| |-Designated
charitable fixed assets fund|||1,261,809|||1,287,403| |-Designated
capital|fund||11,639,758|||11,878,574| |-General fund||||504,595||305,024| |Total ehart0t funds|||13,406,162|||13,471,001| |The financial statements
were approved by the trustees
and are signed on
eir behalf by:|||and authorised|for issue on gg|$td-
Jg,44tg 262 Q|| ## ## |||Note|2023|2022| |---|---|---|---|---| ||||g|| |Cash flows from operating
activities:||||| |Net cash (used in)/provided
by opeiuflng|activities|15|(277)518)|(345,422)| |Cash flows from investing activities:||||| |Investment
income
Purchase offixed assets
Proceeds ofsale offixed assets
Proceeds ofsale ofinvestments
Purchase ofinvesunents|||413,596
(1,404)
461,636
(405,460)|475,459
(49,697)
205,840
1,114,715
(1,237,849)| |Cash provided
by/(used
in) investing activities:|||468r368|508,468| |Increase/(dccrease)
in cash and cash equivalents
in the year|||190i850|163,046| |Total cash aad cash equivalents
at the
ofyear|beginning||264@08|101,262| |Total cash and cash equivalents
at the|end ofyear||455,158|264,308| |Analysis ofcash and cash equivalents||||| |Cash in hand||16|455,158|264,308| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||George
Gibson
Close|Newmarket
Day Centre|Exning
Court|2023
Total|2022
Total| |---|---|---|---|---|---| |Staffcosts|||||f| |Property
snd maintenance
Donations|191,538|2,60S||194,143|(4,770j
264,271| |Depreciation
and profit/loss
on disposal offixed assets
Support and governance
costs|21,702
93,019|4,613
IJ18|959|26415
95dt96|16,0SS
28200
92,842| |Total|306459|9,136|959|316454|396,598| ## ## |||2023|2022| |---|---|---|---| |The George Gibson Almshouses
97/o (2022:949o)
Persimmon
Walk 0/o (2022:2/o)
Newmarket
Day Centre 2/o (2022:2/o)
Exning Court! /o (2022:2/o)||93,019
1,918
959|87,27]
1,857
1,857
1,857| |Total allocated|||| |||95,896|92,842| |Eniployment
costs|||| |||2023
f|2022| |Wages and salaries|||| |Social security costs||55,809|46,494| |Other pension costs||6,782|5,855| |||1,674|1,538| |||64,265|53,887| ## ## ## ## ## ||Freehold|Leasehold|Cordon|OAicc|Toinl| |---|---|---|---|---|---| ||property|property|rnechincry|de Cenlre|| |Cori||||coulpmenr
8|| |At I April 2022
Additions
Dieposule|1,109,460|346.650|25.465|22.445
1,404|1,504,020
1,404| |At 31aterch 2023
Depreciorion|I,I09460|346,650|25,465|(1,002)
22847|(1,002)
11504,422| |At I April 2022
Cherse for the ycer
Disposels|97.034
18384|82,938
4,613|20,692
1,410|15P53
2,591|216,617
26,998| |AI31hterch 2023
Jeer hook voice|Itsrita|87+51|22,102|(1,002)
17~2|(1,002)
242,613| |Ar31March 2023|994,042|259,099||5305|I,261$889| |Ar 31March 2022|||||| ||1,012,426|263,712|4,773|6,492|1,287,403| ## |ixed asset investments||||| |---|---|---|---|---| ||Freehold|UK usted||| |hierket value|investment
property|csuily
inveennenir
f.|2023
ToInl|2022
Tend| |Af I April2022
Additions|249,700|I1,628,874|11,878,574|10,744,167| |Disposel proceeds||426,949|426,949|1,237,849| |Rcrel unlion/nct
ineer unenr gains||(461.636)|(461,636)|(l,ll4,715)| ||9,000|(213,129)|(204,12O)|1,011373| |AI 31Merch 2023|25tk700|It&1,058|ItdI39,758|11,87S,574| |Cost at31March 2023|158,178|9,774,082|9g32360|9,903,379| ## ## ## ## ## ||||2023|2022| |---|---|---|---|---| ||Other debtors|||| ||Prepayments
and accrued income||28,464
67325|32,010
56,360| ||||95,789|88,370| |10|Creditarsi
amouots
falling due withia one year|||| ||||2023|2022| ||Trade creditom|||| ||Other taxes and social security
Accruals and deferred income||296
2,081
43,975|9,763
2,247
34,849| ||||46@52|46,859| |1|Provisions for liabilities|||| ||Balance at I April 2022
Reversal of'provision
in the year
Charged
in the year||2023
795
(795)|2022f
15,105
(4,770)
(9,540)| ||Balaace at31March|2023||| |||||795| ## ## |12|Analysis ofnet assets between funds|Analysis ofnet assets between funds||||| |---|---|---|---|---|---|---| ||Current year||Designated|||| ||Tangible assets
Investments
Net current assets||charitable
fixed assets
fundf
1+61,809|Dcsigaated
capital fund
f
11,639,758|General
fundf|Total
Funds
2023f
1461,809
11)639,758| ||||||504&595|504,595| ||||1/61,809|11,639,758|504,595|13,406,162| ||Prior year||Designated|||| ||||charitable
fixed assets
fund|Designated
capita! I'und
f|General
fundf|Total
Funds
2022| ||Tangible assets
investments
Net current assets||],287,403|11,878,574||1,287,403
11,878,5/4| ||Provisions for liabilities||||305,819|305,819| ||||||(795)|(795)| ||||1887,403|11,878,574|305,024|13,471,001| ||Unrestricted
funds|||||| ||C arrest year||Designated|||| ||||charitable|||| ||Balance at 1 April 2022
Net movement
in funds||fixed asset
fundf
1+87,403|Designated
capital fund
f
11,878&574|General
fundf
305,024|Total
2023f
13,471,001| ||Transfers
between|funds|(25,594)|(238,816)|(64,839)
264,410|(64,839)| ||Balance at31March 2023||1,261,809|11,639,758|504,595|13,406&162| ## ## ## |Prior year||||Designated|||| |---|---|---|---|---|---|---|---| |||||charitable|||| |||||fixed asset|Designated|General|Total| |Balance at I April
Net movement
in|||2021
funds|fund
1,393,779|capital fund
f.
10,744,]67|fund
87,525|2022f
12,225,471| |Transfers|between||funds|(I06,376)|1,134,407|1,245,530
(1,028,031)|1,245,530| |Balance st|31|triarch 2022||1,287,403|11,878,574|305,024|13,471,001| ## |||||2022f| |---|---|---|---|---| |Financial assets:||||| |instruments
measured
at fair|value thmugh|the SOFA|IIi214,475|11,395,367| |Reconciliation ofnet movement
in funds||to net cash liow from operations||| |btet movement
in funds|||2023f|2022f| |Depreciation
charges
Loss/(profit)
on sale offixed|assets||(64,839)
26g98|1,245,530
28,898| |(Gains)/losses
on investments
Investment
income|||204)129|(78&665)
(1,011,273)| |(Increase)/decrease
in debtors|||(438,408)|(527,178)| |Increase/(decrease)
in creditors &provisions|||(4,096)
(1402)|46,252
(48,986)| |Net cash (uscd in)/provided|by operating|activities|(277,518)|(345,422)| ## ## ||or t|he year ended 31March 2|023 (Continued)|| |---|---|---|---|---| |16|Analysis ofchanges in aet funds|||| |||2022
8|Cash Flow|2023| ||Cash at bank and in hand|||| |||264,308|190,850|455,158| ## |1|George Gibson Close- Almshouses|2023|2022| |---|---|---|---| ||Warden's
redundancy
costs||| ||Health and safety costs
Ivledequip
monitoring
&response service
Garden, woodlands
and path maintenance
Council taxes|120
10,441
39469|(4,770)
50
10,19$ 28,729| ||Water charges
Insurance|40,759
5,488|40,944
5,415| ||Street ltghtteg
TV licence fees|20,068
546|18,798
452| ||Property costs
-General repairs
-Redecoration
costs (internal &external)
-Gutters & fascias replacement
-Gates replacement
-Renovation:
number I
-Renovation:
oumber 16
-Renovation:
number 27
-Renovation:
number 29
-Renovation:
number 31
John East Centre costs
Depreciation/toss(profit)
on disposals
-Garden Machinery
Depreciation -John East Centre|60
20P04
10490
20459
8,029
16,7]3
1,410
18484|90
24,115
]3,309
31.975
7,240
13,337
3,763
2$,167
24,794
11,$33
1,650
1$,384| ||Allocation
ofsupport
costs|213~0
93,019|278,473
87,271| |||306r259|365,744| |2|Persiramon
Walls|| |---|---|---| ||Insurance|| ||Pmperty costs —general repairs|111
1,73$| ||Allocation ofsupport costs|1,849
1,$57| |||3,706| ## |3|Newraarket
Day Centre|Newraarket
Day Centre|||||2022| |---|---|---|---|---|---|---|---| ||Ground rent||||||| ||Insurance|||||5|5| ||Donation to cover new air conditioning
costs
Donation
towards covid pandemic
meals on wheels
Amortisation
ofleasehold
property|||||2,600
4,613|2,760
14,055
2,000
4,614| ||Allocation ofsupport|costs||||7418
1,918|23,434
1,857| |||||||9,136|25,29I| |4|Exniag Court||||||| ||Allocation ofsupport|costs||||959|I,857| |5|Support costs||||||| ||Manager's
salary||||||| ||PPS,IT, telephone
snd|office costs||||64/65|58,657| ||Depreoiation/lossfprofit)
Audit fees|on|disposals|ofoffice equipment||3,087
683|3,334
1,366| ||Accountancy
fees|||||12I000|i3,800| ||Legal and professional
fees - gdmondson
-Anglia Land
Trustee meeting snd sundry casts||||Hall
Surveys|9,925
5443
593|8,975
3,997
2,520
193| |||||||95,896|92,842|