2022-06-30-accounts - Barnstaple Almshouses

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			Pages
Trustees'	annual report		1to9
Independent examiner's report to the trustees			10
Statement	of financial	activities
Statement	of financial	position	12
Notes to the financial		statements	13to 24

Year ended 30	June	202	2
				2022			2021
			Unrestricted	Restricted	Endowment
			funds	funds	funds	Total funds	Total funds
		Note		8	2	2
Income and endowments
Donations and legacies		4	153	27,575		27,728
Charitable activities		5	320			320	320
Other trading activities Investment income		6 7	168,770 9,196	369		168,770 9,565	164,880 10,283
Total income			178,439	27,944		206,383	175,483
Expenditure
Expenditure on charitable activities		8,9	113,617		10,939	124,556	183,505
Total expenditure			113,617		10,939	124,556	183,505
Net (losses)/gains investments	on	12		(2,700)	(23,760)	(26,460)	46,286
Net income			64,822	25,244	(34,699)	55,367	38,264
Transfers between	funds		(5,824)	50	5,774
Net movement in	funds		58,998	25,294	(28,925)	55,367	38,264
Reconciliation of	funds
Total funds brought	forward		240,742	290	1,902,554	2,143,586	2,105,322
Total funds carried forward			299,740	25,584	1,873,629	2,198,953	2,143,586

			2022	2021
Fixed assets		Note	2	2
Tangible fixed assets Investments		17 18	1,752,413 362,502	1,770,348 355,612.
			2,114,915	2,125,960
Current assets
Debtors Cash at bank and in	hand	19	1,083 162,122	283 11.0,330
			163,205	110,613
Creditors: amounts	falling due within one year	20	11,442	11,717
Net current assets			151,763	98,896
Total assets less current liabilities			2,266,678	2,224,856
Creditors: amounts	falling due after more than one year	21	67,725	81,270
Net assets			2,198,953	2,143,586
Funds ofthe charity
Endowment funds Restricted funds Unrestricted funds			1,873,629 25,584 299,740	1,902,554 290 240,742
Total charity funds		22	2,198,953	2,143,586

Unrestricted	Restricted	Total	Funds
Funds	Funds		2021

Charita	ble activities
		Unrestricted	Total	Funds	Unrestdicted	Total	Funds
		Funds		2022	Funds		2021
		'Z		2	'2
Annual	Licenses	320		320	320		320

		Unrestricted	Total Funds	Unrestdicted	Total Funds
		Funds	2022	Funds	2021
			2
Residents Allotment	contributions income Penrose	168,770	168,770	165,000 (120)	165,000 (120)
		168,770	168,770	164,880	164,880

		Unrestricted	Restricted	Total Funds
		Funds	Funds	2022
		2	2	2
Bank interest receivable Investment income		39 9,157	369	39 9,526
		9,196	369	9,565
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2021
		2
Bank interest receivable		14		14
Investment	income	10,269		10,269
		10,283		10,283

							Unrestricted	Endowment	Total Funds
							Funds	Funds	2022
									2
	Charitable	activities					84,168	10,939	95,107
	Support costs						29,449		29,449
							113,617	10,939	124,556
							Unrestricted	Endowment	Total Funds
							Funds	Funds	2021
	Charitable	activities					143,460	11,162	154,622
	Support costs						28,883		28)883
							172,343	11,162	183,505
9.	Expenditure on charitable				activities by activity type
					Activities
					undertaken	Grant funding		Total funds	Total fund
					directly f	of activities Support costs 2		2022	2021
	Charitable	activities			94,687	420	29,449	124,556	183,505
10.	Analysis of support costs
							Charitable
							activities	Total 2022 f	Total 2021
	Staff costs						24,964	24,964	20,300
	General office						1,168	1,168	168
	Legal and professional			fees			1,260	1,260	1,798
	Independent	Examiner		fees			1,830	1,830	1,928
	Investment	management		costs			227	227	389
	Loan arrangement		fee						4,300
							29,449	29,449	28,883
11.	Analysis of grants
								2022	2021
									6
	Grants to	individuals
	Grants to individuals							420	931
	Total grants							420	931

12.	Net (losses)/gains	Net (losses)/gains	Net (losses)/gains	on investments	on investments	on investments
							Restricted		Endowment	Total Funds
								Funds	Funds	2022
								5		2
	Gains/(losses)		on listed investments					(2,700)	(23,760)	(26,460)
							Unrestricted		Endowment	Total Funds
								Funds	Funds	2021
								2		2
	Gains/(losses)		on listed investments						46,286	46,286
13.	Net income
	Net income is stated			after	charging/(crediting):
									2022	2021
									2	2
	Depreciation	oftangible fixed assets							17,500	18,547
14.	Independent		examination		fees
									2022	2021
									2	6
	Fees payable		to the	independent		examiner for:
	Independent	examination			of the financial		statements		1,830	1,928
15.	Staff costs
	The total staff		costs	and employee		benefits for the reporting		period are	analysed as	follows:
									2022	2021
									2	5
	Wages and salaries								33,669	30,802

The average	The average	count of employees	count of employees	the year was 3 (2021:3).The average	the year was 3 (2021:3).The average	number	of
full-time	equivalent	employees	during the year	is analysed	as follows:
					2022	2021
					No.	No.
Charity	manager				1		1
Caretakers					1		1
					2		2

17.	Tangible fixed assets
		Freehold	Plant and
		property	machinery	Total
	Cost
	At 1 July 2021 Additions	1,781,284	12,636 63	1,793,920 63
	Disposals	(498)		(498)
	At 30June 2022	1,780,786	12,699	1,793,485
	Depreciation
	At 1 July 2021 Charge for the year	19,961 15,227	3,611 2,273	23,572 17,500
	At 30June 2022	35,188	5,884	41,072
	Carrying amount At 30June 2022	1,745,598	6,815	1,752,413
	At 30June 2021	1,761,323	9,025	1,770,348
18.	Investments
				Listed
				investments
	Cost or valuation
	At 1 July 2021			355,612
	Additions			179,821
	Disposals			(146,471)
	Fair value movements			(26,460)
	At 30June 2022			362,502
	Impairment
	At 1 July 2021 end 30June 2022
	Carrying amount
	At 30June 2022			362,502
	At 30June 2021			355,612
	All investments shown above are held at valuation.

		2022	2021
Trade debtors		128
Prepayments	and accrued income	148	148
Other debtors		807	135
		1,083	283

20.	Creditors: amounts.	falling	due within one year
				2022	2021
	Trade creditors Accruals and deferred Other loans	income		866 1,546 9,030	1,187 1,500 9,030
				11,442	11,717
21.	Creditors: amountafalling		due after more than one year
				2022	2021
	Other loans			67,725	81,270

r ended 30June 2	r ended 30June 2	022
Analysis of charitable		funds
Unrestricted	funds
		At					Gains and	At
	1	Jul 2021	Income	Expenditure	Transfers		losses 30	Jun 2022
			6	2	2		6	6
General funds		14,103	178,439	(106,656)	(6,608)			79,278
Maintenance
funds
Almshouses
Fixed Assets		223,406		(6,561)	(435)			216,410
Poor's Income
Fund		3,233		(400)	1,219			4,052
NDDC Business
Grants Covid-19
		240,742	178,439	(113,617)	(5,824)			299,740
		At					Gains and	At
	1	Jul 2020	Income	Expenditure	Transfers		losses 30	Jun 2021
		2	2		2
General funds		115,017	175,483	(144,707)	(131,690)			14,103
Maintenance
funds		9,120		(9,120)
Almshouses
Fixed Assets		107,588		(7,406)	123,224	'	—	223,406
Poor's Income
Fund		2,151		(1,110)	2,192			3,233
NDDC Business
Grants Covid-19		10,000		(10,000)
		243,876	175,483	(172,343)	(6,274)			240,742

		At				Gains and	At
		1 Jul 2021	Income	Expenditure	Transfers	losses 30Jun 2022
			2			2
Newport	Relief
fund			27,944			(2,700)	25,244
Extraordinary
repair fund		290			50		340
		290	27,944		50	(2,700)	25,584
		At				Gains and	At
		1 Jul 2020	Income	Expenditure	Transfers	losses 30Jun 2021
		2	2		2		2
Newport	Relief
fund
Extraordinary
repair fund		240			50		290
		240			50		290

	At				Gains and	At
	1 Jul 2021 2	Income	Expendituref	Transfers 2	losses 30	Jun 2022 6
Property Fund Investment fund	1,546,942 355,612		(10,939)	5,774	1,536,003 (23,760) 337,626
	1,902,554		(10,939)	5,774	(23,760)	1,873,629
	At				Gains and	At
	1 Jul 2020	Income	Expenditure	Transfers	losses 30Jun 2021
	6	2	8			2
Property Fund Investment fund	1,558,104 303,102		(11,162)	6,224	46,286	1,546,942 355,612
	1,861,206		(11,162)	6,224	46,286	1,902,554

			Unrestricted	Restricted	Endowment	Total Funds
			Funds	Funds	Funds	2022
						8
Tangible fixed assets Investments			216,410	24,876	1,536,003 337,626	1,752,413 362,502
Current assets			162,497	708		163,205
Creditors less than	1	year	(11,442)			(11,442)
Creditors greater than		1 year	(67,725)			(67,725)
Net assets			299,740	25,584	1,873,629	2,198,953
			Unrestricted	Restricted	Endowment	Total Funds
			Funds	Funds	Funds	2021
Tangible fixed assets Investments			223,407		1,546,942 355,612	1,770,349 355,612
Current assets			110,323	290		110,613
Creditors less than	1	year	(2,687)			(2,687)
Creditors greater than		1 year	(86,000)			(86,000)
Net assets			245,043	290	1,902,554	2,147,887

	2022	2021
Income and endowments		6
Donations and legacies
Donations	27,728
Charitable activities
Annual Licenses	320	320
Other trading activities
Residents contributions Allotment income penrose	168,770	165,000 (I20)
	168,770	164,880
Investment income
Bank interest receivable Investment income	39 9,526	14 10,269
	9,565	10,283
Total income	206,383	175,483

Year ended 30Ju	n	e 2	022
				2022	2021
Expenditure on charitable			activities
Charitable activities
Acti vities undertaken		directly
Salaries —caretakers				8,705	10,502
Residents committee	expenditure			1,859	1,279
Utilities				21,218	19,937
Cyclical repairs to Almshouses				33,142	90,192
Irisurance				5,224	4,954
Extraordinary repairs	to Almshouses			3,991	6,106
Office costs				2,739	1,887
Depreciation				17,500	18,547
Subscriptions				309	287
				94,687	153,691
Grant funding activities
Grants paid				420	931
Support costs
Salaries —charity manager				24,964	20,300
Loan arrangement fee					4,300
Legal and professional Office costs		fees		'I,260 1,168	1,798 168
Accountancy				1,830	1,928
Investment management		costs		227	389
				29,449	28,883
Expenditure on charitable			activities	124,556	183,505