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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|
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|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|
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||||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|
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|Unrestricted|Restricted|Total|Funds|
|---|---|---|---|
|Funds|Funds||2021|
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|Charita|ble
activities|||||||
|---|---|---|---|---|---|---|---|
|||Unrestricted|Total|Funds|Unrestdicted|Total|Funds|
|||Funds||2022|Funds||2021|
|||'Z||2|'2|||
|Annual|Licenses|320||320|320||320|
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|||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|
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|||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|
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||||||||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|
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|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|head|count of employees|count of employees|during|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|
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|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.||||
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|||2022|2021|
|---|---|---|---|
|Trade debtors||128||
|Prepayments|and accrued income|148|148|
|Other debtors||807|135|
|||1,083|283|
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|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|
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|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|
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|||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|
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||||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|
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||||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|
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||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|
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|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|