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2023-04-05-accounts

~Pa e
Legal and Administrative
Trustees'
Report		 2-3
Trustees'
Responsibilities
Auditors
Report		 5-6
Statement
of Financial		 Activities
Balance Sheet
Notes forming
part ofthe Financial Statements		 9-17

Unrestricted Unrestricted Funds Permanent Permanent
Ni G |~ei id Endowment Total Total
Fund 2023 2022
E
INCOME
Investment
Income
Rents from Investment properties 5 90,354 90,354 86,713
Dividends
receivable		 6 104,479 104,479 91,271
Income Tax recoverable 1,212 1,212 1,353
Interest received 765 765 16
Insurance
recovered
from tenants		 3,020 3,020 2,672
CHARITABLE ACTIVITIES:-
StThomas House maintenance contributions 83,257 83,257 76,247
TOTAL INCOME 199,830 83,257 283,087 258,272
EXPENDITURE
Raising Funds 4 18,021 18,021 24,837
Charitable
Activities		 2 77,517 138,582 216,099 181,931
Other Expenses 3 27,015 17,818 44,833 46,354
TOTAL EXPENDITURE 122,553 138,582 17,818 278,953 253,122
NET GAINS
LOSSES ON		 INVESTMENTS 8
Investments
-realised		 (18,305) (18,305) 43,424
- unrealised (256,335) (256,335) 118,579
Property
—realised
-revaluation 100,330
NET INCOME
EXPENDITURE		 77,277 (55,325) (292,458) (270,506) 267,483
TRANSFERS BETWEEN FUNDS 8 (55,325) 55,325
OTHER RECOGNISED GAINS LOSSES
Revaluation
offixed asset property		 220,000
NET MOVEMENT
IN FUNDS
21,952 (292,458) (270,506) 487,483
RECONCILIATION
OF FUNDS
FUND BALANCES B/FWD:- 126,407 150,000 5,435,270 5,711,677 5,224,194
FUND BALANCES
- C/fwd		 8 148,359 150,000 5,142,812 5,441,171 5,711,677

2023 2022
Note f
FIXEDASSETS
Tangible Fixed Assets 885,000 885,000
Investment
Properties		 1,590,000 1,590,000
Investments 2,797,701 3,090,159
5,272,701 5,565,159
CURRENT ASSETS
Debtors 25,338 6,300
Rent Charge - Nominal
Value
Cash at bank and in hand 172,015 169,921
TOTAL CURRENT ASSETS 197,354 176,222
LIABILITIES
Creditors - due within 1 year 28,884 29,704
NET CURRENT ASSETS 168,470 146,518
NET ASSETS 5,441,171 5,711,677
FUNDS OF THE CHARITY
Unrestricted
Funds
General
Fund		 148,359 126,407
Designated
Funds		 150,000 150,000
Permanent
Endowment		 Fund 5,142,812 5,435,270
5,441,171 5,711,677
Approved
by the Board		 ofTrustees and signed on their behalf by:-
BMay - Chairman
19July 2023
The accompanying
accounting policies and notes form an integral part ofthese financial		 statements.

2023 2022
General Funds General Funds
Grants to institutions 81000and over:-
Life 1.000
Deafblind 1,000
SSAFA 1,000
Samaritans 3,000
Guide Dogs 2,000
Mount Pleasant Baptist Church 1,500
Spencer Contact 5,000 2,000
MS Therapy Centre 3,000
Voluntary
Impact		 1,000
Mayors Fund for the Housebound 2,000
Child Contact Centre 2,500
Nene Valley Care Trust 2,000 1,000
Shine 1,000
Care and Repair 2,000
Calibre Audio Library 1,000 2,000
Macmillan
Cancer Support		 1,500
Zingani
Mens Group		 1,000 1,000
MS Society 1,000
Manna House 2,500 2,500
C2C
Other Grants to institutions (E1,000		 1,000
500
Grants to individuals 52,714 53,595
Christmas
Vouchers		 1,303 1,114
77517
~D' 2023
td		 ~Di 2022
td
StThomas' House
Water Rates and Council Tax 3,586 2,742
Heat and Light 7,718 7,077
Warden's
salary and pension		 23,797 21,386
Clerk's fees 18,000 17,709
Accountancy fees 3,825 3,770
Telephone 1,794 1,516
Sundry Expenses 4,684 1,107
LIR maintenance 2,409 7,127
Call Care 1,248 1,248
Cleaning,
including		 wages 3,053 3,041
Repairs and renewals 65,139 37,091
Legal and Professional fees 3,329 1,908
1 5722

2023 2022
~Dd td ~di ttd
Employee emoluments
Wages, salaries and pensions 23,797 23,206
National
insurance		 contributions
23,797 23,206
The average number of employees
No employees received emoluments exceeding 860,000, and the Trustees receive no remuneration
or
expenses.
3 Other Expenses 2023
2022
GeneralFunds General Funds
Governance
Audit fees 3,825 3,770
Clerk's Fees 18,000 17,709
Bank Charges and Interest 92 96
Insurances 358 358
Professional Fees 4,740 4,264
2775 26197
Permanent Permanent
Endowment Endowment
6 E
Investment fees - Vartan 12,268 13,737
Investment fees - Cave 5,550 6,420
~88
4 Raising Funds
2023 2022
General Funds General Funds
Investment Pro e Ex enses
Collectors Fees 6,625 6,562
Insurances 9,507 9,419
Professional Fees 4,001
Property Costs 1,889 4,855
18,021 24,837
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6 Fixed Asset Investments Asset Investments Cost Cost Market Market Income Income
2023 2022 Value Value 2023 2022
2023f 2022f
Permanent
Endowment
Cave &Sons Share Portfolio 830,036 846,324 1,007,042 1,095,937 46,197 39,098
Vartan &Sons
Share Portfolio 1,680,928 1,679,966 1,790,659 1,994,222 58,282 52,173
2,510,954 2,526,290 2,797,701 3,090,159 104,479 91,271
Movement
in Market		 Value
Cave &Sons Vartan Total
Porffolio Portfolio
Market value 6.4.22 1,095,937 1,994,222 3,090,159
Additions
and transfers		 in year 57,883 406,280 464,163
Disposals
in year		 (54,776) (351,486) (406,262)
Unrealised
(losses) gains
in year (77,677) (178,658) (256,335)
Movement
in cash deposits		 (14,325) (79,699) (94,024)
Market value 5.4.23 1,007,042 1,790,659 2,797,701

Cave and Vartan Share Portfolio Summa
2023 2022
E
Cave &Sons Limited
UK Investments 1,002,516 1,077,086
Cash Deposits 4,526 18,851
1,007,042 1,095,937
Vartan &Sons
UK Investments 1,787,134 1,910,998
Cash Deposits 3,525 83,224
1,790,659 1,994,222

Creditors
due within
1 year
2023 2022
E E
Creditors and Accruals 15,411 16,231
Rent deposits 13,473 13,473
28,884 29,704

~Fdd
PERMANENT
ENDOWMENT
GENERAL FUND DESIGNATED FUNDS FUND
StThomas ~Cclical ~Ed d
House Maintenance ~Re air
Fund Fund
E K E
INCOME (as page 7) 199,830 83,257
EXPENDITURE as a e7 (122,553) (138,582) (17,818)
NET INCOME
EXPENDITURE		 77,277 (55,325) (17,818)
TRANSFERS BETWEEN FUNDS
- Permanent
Endowment
-StThomas House (55,325) 55325
-Commercial
property		 repairs
(55,325) 55,325
REALISED GAINS/ LOSSES
Investments (18,305)
Property
UNREALISED GAINS/ LOSSES:-
Investments (256,335)
Property
(274,640)
NET MOVEMENT IN FUNDS 21,952 (292,458)
FUND BALANCES —B'FWD 126,407 50,000 100,000 5,435,270
FUND BALANCES —C/FWD 148,359 50,000 100,000 5,142,812
The funds are represented by:-
Tangible fixed assets 885,000
Investment
properties
Investments		 129,889 1,590,000
2,667,812
Current assets 47,354 50,000 100,000
Current
liabilities		 (28,884)
148,359 50,000 100,000 5,142,812