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|Report ofthe Trustees|||3-6|
|---|---|---|---|
|Statement ofTrustees'|Responsibilities|||
|Independent
Bxaminer's Report||||
|Statement ofFinancial|Activities|||
|Balance Sheet|||10|
|Notes to the Ptnancia1|Statements||11-20|
|Almshouses
Income and Expenditure||Account||
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|STATEME|NT OFFINAN|CIA|L AC|IVITIES F|ORTHE FINANC
—|ORTHE FINANC
—|IAL YEAR ENDED 3|IAL YEAR ENDED 3||MARCH 2O|23|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||Designated||funds—|||||
||||||Cyclical|Extraordinary||||||
|||||General|Maintenance||Repair|||Total|Total|
||||Notes|Fund|Fund||Fund|Bndowmeut||2023|2022|
||||||8|||f.||f,||
|INCOME AND ENIIOWMENTS|||FROM:|||||||||
|Charitable activities;||||||||||||
|Contributions
from residents||||70,415||||||70,415|73,163|
|Investments|||2|32,774||||||32,774|32,6'03|
|Total income and endowments||||103,189||||||103,189|103,766|
|EXPENDITURE|ON!|||||||||||
|Charitable
expenditure:||||||||||||
|Almshouses|||4|44,343|||89,511|||133,854|47,118|
|Grant maldng|and other|||||||||||
|charitable
activities|||3|22,710||||||22,710|43,951|
|Raising funds. '||||||||||||
|Investment|management|fees||1,449|304||582|6,845||9,180|10,093|
|Total expenditure||||68,502|304||90,093|6,845||165,744|101,162|
|Net gains/(losses)|on investtnents||8|(14,519'1|(3,185)||(6,075)|(80,858)||(104,637)|(12,632)|
|Net income/(expenditure)||||20,168|(3,489)|(96,168)||(87,703)||(16'7,192)|(8,028)|
|Transfer between|funds||12|(117,798)|11,044|106,754||||||
|Net movement
in|funds|||(97,630)|7,555||10,586|(87,703)||(167,192)|(8,028)|
|Balance brought forwar61 at||||||||||||
|1 April 2022||||224,353|46,779||66,951|1,112,889|1,450972||1,459,000|
|Balance carried forward at||||||||||||
|31March 2023||||126,723|54,334||77,537|1,025,186|1,283,780||1,450,972|
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|||Notes||2023||2022|
|---|---|---|---|---|---|---|
|FIXEDASSETS|||||||
|Tangible Fixed Assets|||||146,290|146,290|
|Heritage Assets
Investments|||||1,098,596|1,311,513|
|Total Axed assots|||||1,244,886|1,457,803|
|CURRENT ASSETS|||||||
|Other debtotx|||4,764|||4,403|
|Prep@ments
Bank|||3,209
47,521|||2,406|
|Total cturent assets|||55,494|||6,809|
|LIABILITIES:Amounts|faging due||||||
|within one year||9|16,600||||
|NET CURRENT ASSETS I(LIABILITIES)|||||38,894|(6,831)|
|NET ASSETS|||||1,283,780|1,450,972|
|The funds ofthe charity|||||||
|General Pund|||||||
|Designated
Funds:|||||126,723|224,353|
|Cyclical Maintenance|Pund|12|||54,334|46;779|
|Extraordinary
Repair Fund||12|||77,537|66;9S1|
|Endowment||13|||1,02S,186|1,112,889|
|TOTAL CBARI1TFUNDS||14|||1483,780|1,450,972|
|These ftnancial statements|were approved by the|trustees on|2nd November|2023,|||
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|INVESTMENT INCOME|||
|---|---|---|
||2023||
|Interest on investments|||
|Share dividends|32,774|32,603|
||32,774|32,603|
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|||||2022|
|---|---|---|---|---|
|Gmnts payable
Institution
grants (relief inneed)
Miscellaneous
individual
grants|||5,000
9,349|29,314
6,996|
|Support costs allocated:
Clerk's salary Ik stationery||costs|5,242|5,091|
|Other costs|||||
|Governance
costs —seeNote 11|||3,119|2,550|
||||22,710|43,951|
||||2023|2022|
||||g||
|Included in Institution|gnmts:||||
|Home Start|||3,OOO||
|Restore York Ltd|||1,500|3,000|
|Bhnd Yettsttns UK|||500||
|York College
StGeorge's RCPrimary School
Teenage Cancer Trust
lvlySight
Age UKYork
York Childcare||||15,000
5,000
3,000
2,000
1,000
551|
|Clifton Children's
Centre||||40|
|Hob Moor Children's|Centre|||(277)|
||||5,000|29,314|
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|ALMSHOUSES EXPENDITURE|ALMSHOUSES EXPENDITURE||||
|---|---|---|---|---|
||||2023|2022|
|||||6|
|Repairs and maintenance|||7,740|4,932|
|Heat and light|||1,964|3,322|
|Premises insunmoe
Cleaning and gardening|||1,765
1,585|1,660
'852|
|BeIndependent|||5,141|5,141|
|TVlicence|||15|23|
|Gifts and Christmas
vouchers|||600|650|
|Legal fees and consultancy|||720|2,160|
|Subscription
s
Communal
Room costs|||500
736|462
593|
|Advertising
vacant fiat|||363||
|Vacant flat expenses|||1,814|2,839|
|Release ofprovision forBeIndependent||services||(12,554)|
|Residents'
entertaining||||23|
|Suppolt costs allocated
Clerk's fees inoludlng|stationery||20,969|20,364|
|Indemnity
insurance|||408|408|
|Sundry expenses|||23||
||||44,343|30877|
|Cyclical mtdntenance
fund
Extraordinary
repair fhnd|—repairs
—repaus||89,511|16241|
||||133,854|47,118|
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|||||Designated fbnds-|Designated fbnds-|Designated fbnds-|||
|---|---|---|---|---|---|---|---|---|
|||||Cyclical|Extraordinary||||
||||General|lvlaintenance|Repair|||Total|
|||Notes|Fund|Fund|Fund||Endowment|2022|
|||||8|8||||
|INCOME AND ENDOWMENTS||FROM:|||||||
|Charitable
activities:|||||||||
|Contributions
ftom residents|||73,163|||||73,163|
|Investments|||32,603|||||32,603|
|Total income and endowments|||105,766|||||105,766|
|EXPENDITURE ON".|||||||||
|Charitable
expenditure:|||||||||
|Almshouses|||30,877||16,241|||47,118|
|Grant making and other|||||||||
|charitable
activities|||43,951|||||43,951|
|Cost ofraising funds:|||||||||
|Investment
management|fees||1,777|484|387||7,445|10,093|
|Total expenditure|||76,605|484|16,628||7,445|101,162|
|Net gains/(losses)
on investments|||(2,382)|291|(1,872)||(8,669)|(12,632)|
|Net incomel(expendtture)|||26,779|(193)|(18,550)||(16,114)|{8,028)|
|Transfer between funda|||(15,893)|9,864|6,029||||
|Net movement
in funds|||10,886|9,671|(12,471)||(16,114)|(8,028)|
|Balance brought forward at|||||||||
|1April 2021|||213,467|37,108|79,422|1,129,003||1,459,000|
|Ilalance carried forward at|||||||||
|31March 2022|||224,353|46,779|66,951|1,112,889||1,450,972|
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|TANGIBLE F|IXEDASSETS||||
|---|---|---|---|---|
||||Fixtures and||
|||Almshouses|Fittings|Total|
||||6||
|Cost|||||
|As at 1 April 2022||146,290|26,288|172,578|
|hnprovemants|during the year||||
|As at 31March|2023|146,290|26488|172,678|
|Depreciation|||||
|As at 1April 2022 and 31March 2023|||26,288||
|Nat book value|||||
|As at 31March|2023|146,290||146,290|
|rts ar31bfarclt|2022|146,290||146290|
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|||||2022|
|---|---|---|---|---|
||Balance as at 1 April 2022||1,311,513|1,312,522|
||Dividend income
dh interest||40,399|31,715|
||Net gatns / (losses)||(104,63'/)|(12,632)|
||Withdrtnvals||(140,000)|(10,000)|
||Charges||(9,179)|(10,092)|
||Balance as at 31March 2023||1,09S,596|1,311,513|
||All the Qxed asset investments|are held in the UK.|||
|9.|LIABILITIES:AMOUNTS|FALLING DUE WITHIN ONE YEAR|||
|||||2022|
||.Trade creditors||||
||Accruals||15,626|9,227|
||Residents'
contributions
received in advance (Note 10')||974|976|
||Bank overdrait|||3,437|
||||16,600|13,640|
|10,|DEFERRED INCOME||||
||||2023|2022|
||Balance as at 1 April 2022||976|1,740|
||Aruount released to incoming
Deferred iq the year|resources|(976)
974|(1,740)
976|
||Balance as at 31March 2023||974||
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|GOVERNANCE|GOVERNANCE|COSTS|||
|---|---|---|---|---|
||||2023|2022|
||||8||
|Independent|examination||2,383|2,317|
|Other professional||fees|736|233|
||||3,119|2,550|
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|||Bxtraotdinary|Cyclical|
|---|---|---|---|
|||Repair|Maiutenanoe|
|||Fund|Fund|
|Balance as at 1April|2022|66,951|46,779|
|Resources expended||(90,093)|(304)|
|Unrealised
investment
gain/(Ioss)||(6,074)|(3,185)|
|Realised Investment|gain/ (loss)|(1)||
|Transfers &om General Ftmd||106,754|11,044|
|Balance as at 31March 2023||77,537|54,334|
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||||2023|2022|
|---|---|---|---|---|
||||8||
|Balance as|at 1Apdl 2022||1,112,889|I,129,003|
|Rosoumes|expended||(6,845)|(7,445)|
|Unreahsed|investment|gain / (loss)|(80,858)|(8,669)|
|Balance as|at 31Maroh 2023||1,025,186|I,II2,889|
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|ANALYSIS OFNET ASSETSBET|WEEN FUNDS||||
|---|---|---|---|---|
||Unrestricted|Designated|Endowment|Total|
||||8|8|
|Current year|||||
|Tangible fixed assets.|||146,290|146,290|
|Investments|205,627|14,073|878,896|1,098,596|
|Outstanding
transfers|(117,798)|117,798|||
|Current assets|55,494|||55,494|
|Cunent Liabiliges|(16,600)|||(16,600)|
||126,'723|131,871|1,025, 186|1,283,780|
|Prior year|||||
|Tangible fixed assets.
Investments|236,788|108,126|146,290
966599|146,290
1,311,513|
|Outstanding
transfers|(5604)|5,604|||
|Current assets|6,809|||6;809|
|Current Liabilities|(13,640)|||(13,o40)|
||224,353|113,730|1,112,889|1,450,972|
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||||||2023||2022|
|---|---|---|---|---|---|---|---|
||||||||6|
|INCOME||||||||
|Contributions
from residents||||||||
|Maintenance||||||69,695|72,173|
|Gas and Electricity||||||720|990|
|||||||70,415|73,163|
|Clerk's salary and stationery||costs||20,969|||20,364|
|Repairs and mnevsals||||7,740|||4,933|
|Heat and light||||1,964|||3,322|
|Premises insurance||||1,765|||1,660|
|Cleaning
and gardening||||1,585|||852|
|Residents' &e,security|snd|support|systems|5,141|||5,141|
|Release ofprovision for support services|||||||(12,554)|
|Gifts, outings
and Christmas||vouchers||600|||6'75|
|TVlicence||||15|||23|
|Subscdptfons||||SOO|||462|
|indemnhyinsuranca||||408|||408|
|Legal and professional|fees|||720|||2,160|
|Communal
Room expenses||||736|||592|
|Advertising
vacant flat||||363||||
|Vacant flat expenses||||1,814|||2,839|
|Sundry expenses||||23||||
|||||||44,343|30,877|
|SURPLUS ON ORDINARY ANNUAL ACTIVITIES||||||26,072||
|ANNUAL CONTRIBUTIONS TO|||REPAIR FUNDS|||||
|Cyclical Maintenance
Fund||||11,044||||
|Extraordinary
Repair Fund||||6,754||||
|||||||17,798|15,893|
|NET SURPI,US TO GENERAL FUND||||||8,274|26,393|