| Major refurbishments | Major refurbishments | in recent years | |
|---|---|---|---|
| Over the past ten years in excess | ofKlmillion has been spent on maintenance and |
improvements including: |
|
| 2012-13 | Full refurbishment | of 1 kitchen and 1 bathroom. Partial refurbishment of3 bathrooms. |
|
| 2013-14 | Full refurbishment | of2 kitchens. Partial refurbishment of5 bathrooms. Decorating 4bungalows. |
|
| 2014-15 | Partial refurbishment | of 1bathroom. Refurbishment ofdriveway. |
|
| 2015-16 | Full refurbishment | of1 kitchen. Full refurbishment of 1 bathroom. |
Replacement of4 boilers. |
| Decorating 1 bungalow. Re-roofing ofseveral bungalows |
|||
| 2016-17 | Full refurbishment | of2bathrooms. Partial refurbishment of2 bathrooms. Decorating 2bungalows. |
|
| Creation ofnew car park. | |||
| 2017-18 | Full refurbishment | of 1 kitchen. Full refurbishment of 1 bathroom. |
Partial refurbishment of4 |
| bathrooms. Replacement of4boilers. Decorating 2 bungalows. Re-roofing ofseveral bungalows. |
|||
| 2018-19 | Full refurbishment | of 1 kitchen. Full refurbishment of 1 bathroom. |
Replacement of2 boilers. |
| 2019-20 | Full refurbishment | of3 kitchens. Full refurbishment of2 bathrooms. |
Partial refurbishment of2 |
| bathrooms. Decorating of3 bungalows. |
|||
| 2020/21 | Full refurbishment | of3 kitchens. Full refurbishment of6 bathrooms. |
Decorating of3bungalows. |
| Fitting new electric | gates. Personal safety alarm system renewal. | ||
| 2021/22 | Replacing mains water pipework to all properties. Full refurbishment |
of4 bungalows, refit |
|
| bathrooms and showers in 3 bungalows and replacement of2 boilers. |
| rence and a | dministrative information |
dministrative information |
|||||
|---|---|---|---|---|---|---|---|
| Founder | The Wardens and Commonalty |
ofthe Mistery ofDyers ofthe City ofLondon, commonly | |||||
| known as The Dyers' | Company, | or The | Worshipful | Company ofDyers. | |||
| The Dyers' Company |
was incorporated | by Royal Charter | in 1471,reg no. RC000911. | ||||
| Registered | 11-13Dowgate Hill | ||||||
| otBce | London, EC4R2ST | ||||||
| Tel: 020 72367197 | |||||||
| Email: oAicedyerscompany. | corn | ||||||
| Trustee: | The Dyers' Company |
is the Trustee. | |||||
| During the year the following | were the members of | the Court ofThe Dyers' Company: | |||||
| RG Scott Moncrieff | E | A M Lee | JN Crockatt | ||||
| BM de L Cazenove | M | Bird | A C SMacpherson | ||||
| M W M Rowlandson | JRChambers | GC Rothwell | |||||
| P G Mathieson | JG Blair | N | BQ Back | ||||
| FA Onians | A | RBurdon-Cooper | A | H JCrockatt | |||
| H D M Morley-Fletcher | L | SMackintosh | Prof. R H Wardman | ||||
| LtCol. M A Marshall | (retired 6/7/2022) | J | P Rothwell | ||||
| RA Leuchars | Dr M G Battle | J | ECawley | ||||
| Sir Edmund Verney |
H | C Jourdain | M G Mathieson | ||||
| RP Back | JM Holme | S | M J Lyon | ||||
| Chief | Mr JRVaizey, The Clerk to the Trustee | ||||||
| Execuiive | |||||||
| Officer | |||||||
| Bankers | National Westminster |
Bank PLC | |||||
| 1 Princes Street | |||||||
| London | |||||||
| EC2R 8BP | |||||||
| Solicitors | BDBPitmans LLP | ||||||
| 50Broadway | |||||||
| London | |||||||
| SW1H OBL | |||||||
| Independent | Haysmacintyre LLP |
||||||
| Auditors | 10Queen Street Place | ||||||
| London | |||||||
| EC4R 1AG | |||||||
| Investment | JM Finn &Co Ltd | ||||||
| Adviser | 25 Copthall Avenue |
||||||
| London | |||||||
| EC2R 7AH |
| Expendable | Total | Total | ||||
|---|---|---|---|---|---|---|
| Endowment | Unrestricted | 3l October | 3l October | |||
| Fund | General Fund | 2022 | 202( | |||
| Notes | ||||||
| Income and endowments | frow: | |||||
| Charitable activities |
186,648 | 186,648 | 187,316 | |||
| Investments | 116,801 | 116,801 | 106,640 | |||
| Donation | 1,000 | 1,000 | ||||
| Total income | 304,449 | 304,449 | 293,956 | |||
| Expenditure on: |
||||||
| Charitable activities |
||||||
| Almshouses costs |
260,789 | 260,789 | 273,706 | |||
| Other expenditure | 15,567 | 15,567 | 7,290 | |||
| Invesimeut management |
costs | 6,983 | 6,983 | 3,539 | ||
| Total expenditure | 283,339 | 283,339 | 284,535 | |||
| Net(acorns/(expenditure) | ||||||
| before | ||||||
| gains and losses on investments | 21,110 | 21,110 | 9,421 | |||
| Ner gains/Posses) oninveslmenls |
86,129 | 86,129 | 395,094 | |||
| Net income /(rxpenditurel |
for the year | 86,129 | 21,110 | 107,239 | 404,515 | |
| Transfers between funds |
(218,300) | 218,300 | ||||
| Net movement infunds | (132,171) | 239,410 | 107,239 | 404,515 | ||
| Fund balances brought forwnrd | 2,699,867 | 122,456 | 2,822,323 | 2,417,808 | ||
| Fund balances carried forward | 2,567,696 | 361,866 | 2,929,562 | 2,822,323 |
| 3I October | 3I October | ||||
|---|---|---|---|---|---|
| 2022 | 202I | ||||
| Notes | |||||
| Fixed assets | |||||
| Freehold land, almshouses equipment |
and | 343,347 | 110,830 | ||
| Investment portfolio at |
market value | 2,558,430 | 2,564,432 | ||
| 2,901,777 | 2,675,262 | ||||
| Current assets | |||||
| Debtors and prepayments | 10 | 11,533 | 11,138 | ||
| Cash at bank | 27,912 | 151,715 | |||
| Total current assets | 39,445 | 162,853 | |||
| Liabilities | |||||
| Creditors falling due within | one year | (11,660) | (15,792) | ||
| Net current assets | 27,785 | 147,061 | |||
| Total net assets | 2,929,562 | 2,822,323 | |||
| Representedbyt | |||||
| Unrestricted funds | |||||
| Expendable Endowment |
Fund | 12 | 2,567,696 | 2,699,867 | |
| General Fund | 12 | 361,866 | 122,456 | ||
| Totalfunds | 2,929,562 | 2,822,323 |
| 3/ October | 37 October | |||||||
|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||
| 2.Income from charitable | activities | |||||||
| Residents' maintenance |
contributions | 186,648 | 187,316 | |||||
| 186,648 | 187,316 | |||||||
| 3.Investment | income | |||||||
| Listed investments | 116,749 | 106,634 | ||||||
| Interest on bank deposits | 52 | |||||||
| 116,801 | 106,640 | |||||||
| 4.Expenditure | on | charitable | activities | |||||
| Resident stafF | ||||||||
| Staff salaries, pensions, | and benefits in kind | 52,348 | 47,548 | |||||
| Employer's | National | Insurance | Contributions | 4,212 | 3,928 | |||
| Training & | development | |||||||
| 56,560 | 51,476 | |||||||
| Routine Expenditure | ||||||||
| Gas | 21,764 | 16,554 | ||||||
| Water and drainage | 8,017 | 8,069 | ||||||
| Insurance | 7,281 | 6,289 | ||||||
| Office &sundry | 3,389 | 1,339 | ||||||
| Medical services | 3,098 | 5,420 | ||||||
| Electricity | 2,394 | 1,327 | ||||||
| Alarm monitoring | systems | 2,141 | 2,717 | |||||
| Clubroom | 1,538 | 831 | ||||||
| Travel | 625 | 1,471 | ||||||
| Fire safety | 433 | |||||||
| Almshouse | Association | 309 | 295 | |||||
| Telephone | 308 | 857 | ||||||
| Council tax | 205 | 269 | ||||||
| Advertising | 130 | |||||||
| 51,413 | 46,001 |
| 3IOctober | 3I October | ||||
|---|---|---|---|---|---|
| 2022 | 202I | ||||
| 4.Expenditure on charitable |
activities cont/d | ||||
| Repairs and maintenance | |||||
| Grounds maintenance |
29,853 | 22,825 | |||
| Partial Refits | 14,922 | ||||
| Depreciation | 13,896 | 3,083 | |||
| General repairs | 13,002 | 5,789 | |||
| Heating &plumbing | repairs and | maintenance | 8,053 | 9,431 | |
| New Boilers | 4,080 | ||||
| Fire &security | 1,001 | ||||
| Roofrepairs | 921 | ||||
| New shower units | 438 | ||||
| Electrical repairs | and | Improvements | 439 | 3,331 | |
| Risk Assessment | and | Testing | 46 | 3,788 | |
| Major refurbishments | and upgrades | 57,757 | |||
| New cookers | 1,412 | ||||
| 86,656 | 107,854 | ||||
| Other expenditure | |||||
| Management staff costs |
55,930 | 53,795 | |||
| Audit fee | 6,480 | 5,640 | |||
| Legal &professional | 3,750 | 8,940 | |||
| 66,160 | 68,375 | ||||
| Total expenditure on |
charitable activities |
260,789 | 273,706 |
| 31October 2 | 022 | |||||||
|---|---|---|---|---|---|---|---|---|
| 31October | 3I October | |||||||
| 2022 | 202I | |||||||
| 5.Investment | management | costs | ||||||
| Investment | management | fee | 6,559 | 3,236 | ||||
| Bank charges | 424 | 303 | ||||||
| 6,983 | 3,539 | |||||||
| 6.Other expenditure | ||||||||
| Events | 8,086 | |||||||
| Gifts to residents | 4,290 | 4,585 | ||||||
| Donations | 3,191 | 2,705 | ||||||
| 15,567 | 7,290 | |||||||
| 7.Analysis | of | staff | costs | |||||
| Salaries and | benefits | in | kind | 88,461 | 82,964 | |||
| Pension costs | 14,864 | 13,949 | ||||||
| Employer*s | National | Insurance | Contributions | 9,165 | 8,358 | |||
| 112,490 | 105,271 |
| 8.Freehold Land a |
nd Buildings | |||
|---|---|---|---|---|
| Land Sr. | Property | Total | ||
| Buildings | Improvements | |||
| and Equipment | ||||
| Cost | ||||
| Balance as at Is November | 2021 | 83,081 | 30,832 | 113,913 |
| Additions in the year-at cost |
246,413 | 46413 | ||
| Balance as at31"October | 2022 | 83 0111 | 277,245 | 360 326 |
| Depreciation Balance as at I"November |
2021 | 3,083 | 3,083 | |
| Charge for the year | 13,896 | 13 896 | ||
| Balance as at 31"October | 2022 | 16,979 | 16,979 | |
| Net Book Value | ||||
| Balance as at31"October | 2022 | 83,081 | 260 266 | 343347 |
| Balance as at Is November | 2021 | 83,081 | 27,749 | 110,830 |
| 37 October | 31October | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| 9.Listed Investments | ||||
| Market value brought forward |
2,564,432 | 2,281,467 | ||
| Additions in the year at cost |
129,778 | |||
| Disposals in the year at canying | value | (213,792) | (83,426) | |
| Gain in the year on investments | retained | 78,012 | 366,391 | |
| Market value at end ofthe year | 2,558,430 | 2,564,432 | ||
| Historical costofinvestments held at the end ofthe year |
1,613,040 | 1,742,143 | ||
| 10.Debtors | ||||
| Prepayments | 8,481 | 9,608 | ||
| Residents' maintenance contributions |
2,261 | 1,369 | ||
| Other debtors | 791 | 161 | ||
| 11,533 | 11,138 | |||
| 11.Creditors | ||||
| Trade creditors and accmals | 11,060 | 14,087 | ||
| Other creditors | 600 | 1,705 | ||
| 11,660 | 15,792 | |||
| 12.Analysis ofCharitable | Funds | |||
| Expendable Endowment fuad |
||||
| Balance brought forward |
2,699,867 | 2,304,773 | ||
| Transfer to General Fund | (218,300) | |||
| Gains/ (losses) on investments | 86,129 | 395,094 | ||
| Balance carried forward | 2,567,696 | 2,699,867 | ||
| General Fund | ||||
| Balance brought forward |
122,456 | 113,035 | ||
| Transfer from the Endowment | Fund | 218,300 | ||
| Income | 304,449 | 293,956 | ||
| Expenditure | (283,339) | (284,535) | ||
| Balance carried forward | 361,866 | 122,456 |
| 31nOctober 2022 | 31nOctober 2022 | Unrestricted | Expendable | Total |
|---|---|---|---|---|
| Funds | Endowment | Funds | ||
| Funds | ||||
| r, | ||||
| Freehold | land and property | 343,347 | 343,347 | |
| Investments | 334,081 | 2,224,349 | 2,558,430 | |
| Current | assets | 39,445 | 39,445 | |
| Current | liabilities | (11,660) | (11,660) | |
| Total | 361,866 | 2,567,696 | 2,929,562 | |
| 31"October 2021 | Unrestricted | Expendable | Total | |
| Funds | Endowment | Funds | ||
| Funds | ||||
| Freehold | land and property | 110,830 | 110,830 | |
| Investments | 2,564,432 | 2,564,432 | ||
| Current | assets | 138,248 | 24,605 | 162,853 |
| Current | liabilities | (15,792) | (15,792) | |
| Total | 122,456 | 2,699,867 | 2&822,323 |
| Expendable | Total | Total | |||
|---|---|---|---|---|---|
| Endowment | Unrestricted | 3l October | 3) October | ||
| Fund | General Fund | 202) | 2020 | ||
| Income and endowments | freest | ||||
| Charitable activities |
187,316 | 187,316 | 182,461 | ||
| Investments | 106,640 | 106,640 | 97,793 | ||
| Other income | 2,790,683 | ||||
| Totalincome | 293,956 | 293,956 | 3,070,937 | ||
| Expenditure on: |
|||||
| Charitable activities |
|||||
| Almshouses costs |
273,706 | 273,706 | 247,666 | ||
| Other expenditure | 7,290 | 7,290 | 5,949 | ||
| Investment management |
costs | 3,539 | 3,539 | 4,094 | |
| Total expenditure | 284,535 | 284,535 | 257,709 | ||
| Net(aroma((expenditure) | before | ||||
| gains and losses on investments | 9,421 | 9,421 | 2,813,228 | ||
| Net gains/ l7osses) on investments |
395,094 | 395,094 | (395,420i | ||
| Netincome I(expenditure) for the peur | 395,094 | 9,421 | 404,515 | 2,417,808 | |
| Transfers between funds |
|||||
| Net movementin funds |
395,094 | 9,421 | 404,515 | 2,417,808 | |
| Fund balances brought forward |
2,304,773 | 113,035 | 2,417,808 | ||
| Fund balances serried forward | 2,699,867 | 122,456 | 2,822,323 | 2,417,808 |