2023-06-30-accounts

		Pages
Trustees'	annual report	1to 7
Independent examiner's report to the trustees
Statement	offinancial activities
Statement	offinancial position	10
Notes to the financial statements		11 to 22

Registered charity	Registered charity	name	Barnstaple Almshouses	Barnstaple Almshouses
Charity registration		number	1186225
Principal office			Bamstaple Almshouses
			The Boardroom
			Penrose Almshouses
			Litchdon Street
			Barnstaple
			EX328NH
The trustees			Mr BAnderson		(Resigned	13April 2023)
			Rev D Fletcher		(Resigned	17November	2022)
			Mr E Dymond
			Cllr V Elkins
			Mr M Ford
			Mrs P Arthur
			Dr RBeer
			Mr R Saunders
			Mrs SSmaldon
			Mr A Rennles
			Mayor Cllr LYork		(Appointed	1 July 2022)
			Mr D Clapp
			Mrs J Northridge		(Appointed	14July 2022,
					resigned 29 November 2022)
independent	examiner		Catherine Williams	FCA DChA
			Westcotts (SW) LLP
			47 Boutport Street
			Barnstaple
			Devon
			EX31 1SQ

Year ended 30	June	202	3
				2023			2022
			Unrestricted	Restricted	Endowment
		Note	funds f	funds	funds 8	Total funds F	Total funds
Income and endowments
Donations and legacies Charitable activities		4 5	268 750			268 750	27,728 320
Other trading activities Investment income		6 7	177,286 11,393	743		177,286 12,136	168,770 9,565
Total income			189,697	743		190,440	206,383
Expenditure
Expenditure on
charitable activities		8,9	105,898	840	10,720	117,458	124,556
Total expenditure			105,898	840	10,720	117,458	124,556
Net gains/(losses) investments	on			778	8,929	9,707	(26,460)
Net income			83,799	681	(1,791)	82,689	55,367
Transfers between	funds		(4,950)	50	4,900
Net movement in	funds		78,849	731	3,109	82,689	55,367
Reconciliation of	funds
Total funds brought	forward		299,740	25,584	1,873,629	2,198,953	2,143,586
Total funds carried forward			378,589	26,315	1,876,738	2,281,642	2,198,953

30June 2023
					2023	2022
				Note	8	F
Fixed assets
Tangible fixed assets				17	1,735,797	1,752,413
Investments				18	377,109	362,502
					2,112,906	2,114,915
Current assets
Debtors				19	7,829	1,083
Cash at bank and	in	hand			236,275	162,122
					244,104	163,205
Creditors: amounts		falling	due within one year	20	12,158	11,442
Net current assets					231,946	151,763
Total assets less	current		liabilities		2,344,852	2,266,678
Creditors: amounts		falling	due after more than one year	21	63,210	67,725
Net assets					2,281,642	2,198,953
Funds ofthe charity Endowment funds					1,876,738	1,873,629
Restdicted funds					26,315	25,584
Unrestricted funds					378,589	299,740
Total charity funds				23	2,281,642	2,198,953

					Unrestricted	Restricted	Total Funds
					Funds f	Funds f	2023 f
	Donations
	Donations				268		268
					Unrestricted	Restricted	Total Funds
					Funds	Funds f	2022 f
	Donations
	Donations				153	27,575	27,728
5.	Charitable	activities
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds f	2023 f	Funds f	2022 f.
	Annual Licenses			750	750	320	320
6.	Other trading		activities
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds f	2023 f	Funds	2022 f
	Residents	contributions		177,286	177,286	168,770	168,770
7.	Investment	income
					Unrestricted	Restricted	Total Funds
					Funds	Funds f	2623
	Bank interest		receivable		775		775
	Investment	income			10,618	743	11,361
					11,393	743	12,136
					Unrestricted	Restricted	Total Funds
					Funds f	Funds f	2022
	Bank interest		receivable		39		39
	Investment	income			9,157	369	9,526
					9,196	369	9,565

Expenditur	e on charitable ac	tivities by fund type
		Unrestricted	Restricted	Endowment	Total Funds
		Funds	Funds f	Funds	2023 f
Charitable	activities	76,863	840	10,720	88,423
Supportcosts		29,035			29,035
		105,898	840	10,720	117,458
		Unrestricted	Restricted	Endowment	Total Funds
		Funds	Funds	Funds	2022
		E	6	E
Charitable	activities	84,168		10,939	95,107
Support costs		29,449			29,449
		113,617		10,939	124,556

		Activities
		undertaken	Grant	funding		Totalfunds	Total fund
		directly f	of	activities	Support costs f	2023 6	2022
Charitable	activities	86,948		1,475	29,035	117,458	124,556

Analysis o	fsupport c	osts
			Chadtable
			activities	Total 2023	Total2022
			5	6
Staff costs			21,243	21,243	24,964
General office			1,383	1,383	1,168
Legal and professional		fees	4,284	4,284	1,260
Accountancy	fees		2,125	2,125	1,830
Investment	management	costs			227
			29,035	29,035	29,449

Analysis ofgrants
	2023	2022
	K
Grants to individuals
Grants to individuals	1,475	420
Total grants	1,475	420

12.	Net gains/(lo	sses) on i	nv	estme	nts
						Restricted	Endowment	Total Funds
						Funds f	Funds f	2023
	Gains/(losses)	on listed	investments			778	8,929	9,707
						Restricted	Endowment	Total Funds
						Funds f	Funds F	2022 f
	Gains/(losses)	on listed	investments			(2,700)	(23,760)	(26,460)
13.	Net income
	Net income is stated aRer			charging/(crediting):
							2023 f	2022 f
	Depreciation	oftangible	fixed assets				16,616	17,500
14.	Independent	examination		fees
							2023 f	2022
	Fees payable Independent	to the independent examination ofthe			examiner for: financial statements		1,625	1,500
15.	Staff costs

Staff costs
The total staff costs	and	employee	benefits for		the reporting	pertiod are analysed as follows:
						2023 f	2022 f
Wages and salaries						32,975	33,669
Employer contributions		to pension	plans			60
						33,035	33,669
The average head	count of employees			during	the year was 4 (2022: 3).The average		number	of
full-time equivalent	employees during the year				is analysed as follows:

full-time equivalent employees during the year	is analysed as follows:
	2023	2022
	No.	No.
Charity manager	1		1
Caretakers	1		1
	2

17.	During the year no trustees received remuner were reimbursed to Trustees (2022:fNil) Tangible fixed assets	ation in respect of bein	g a trustee. N	o expenses
		Freehold	Plant and
		property	machinery F	Total 6
	Cost
	At 1 July 2022 and 30June 2023	1,780,786	12,699	1,793,485
	Depreciation At 1 July 2022 Charge for the year	35,188 14,911	5,884 1,705	41,072 16,616
	At 30June 2023	50,099	7,589	57,688
	Carrying amount At 30June 2023	1,730,687	5,110	1,735,797
	At 30June 2022	1,745,598	6,815	1,752,413
18.	Investments

Investments
	Listed
	investments
Cost or valuation
At 1 July 2022 Additions	362,502 4,900
Fair value movements	9,707
At 30June 2023	377,109
Impairment
At 1July 2022 and 30June 2023
Carrying amount At 30June 2023	377,109
At 30June 2022	362,502

19.	Debtors
				2023	2022
				E	E
	Trade debtors			1,685	128
	Prepayments Other debtors	and accrued income		6,144	148 807
				7,829	1,083
20.	Creditors: amounts		falling due within one year
				2023	2022
				E	E
	Trade creditors			1,250	866
	Accruals and	deferred	income	1,625	1,546
	Other loans			9,030	9,030
	Other creditors			253
				12,158	11,442
21.	Creditors: amounts		falling due after more than one year
				2023	2022
				E
	Other creditors			63,210	67,725

Analysis ofc	haritab	le funds
Unrestricted	funds
		At				Gains and	At
		1 Jul 2022 f	Income f	Expenditure	Transfers f	losses 30Jun 2023 f f
General funds		79,278	189,684	(99,367)	(105,786)		63,809
Almshouses
Fixed Assets		216,410		(5,896)			210,514
Poor's Income
Fund		4,052	13	(635)	836		4,266
Old School House
&Property maintenance					100,000		100,000
		299,740	189,697	(105,898)	(4,950)		378,589
		At				Gains and	At
		1 Jul 2021 f	Income f	Expenditure f	Transfers f	losses 30Jun 2022 F
General funds		14,103	178,439	(106,656)	(6,608)		79,278
Almshouses
Fixed Assets		223,406		(6,561)	(435)		216,410
Poor's Income
Fund		3,233		(400)	1,219		4,052
Old School House
8 Property
maintenance
		240,742	178,439	(113,617)	(5,824)		299,740

Restricte	d funds
		At				Gains and	At
		1 Jul 2022 E	Income f	Expenditure	Transfers	losses 30 5	Jun 2023 E
Extraordinary
repair fund		340			50		390
Newport	relief
fund		25,244	743	(840)	—	778	25,925
		25,584	743	(840)	50	778	26,315
		At				Gains and	At
		1 Jul 2021 E	Income f	Expenditure f	Transfers	losses 30 5	Jun 2022 f
Extraordinary repair fund		290			50		340
Newport	relief
fund			27,944	—	—	(2,700)	25,244
		290	27,944		50	(2,700)	25,584

			At				Gains and		At
			1 Jul 2022 f	Income f	Expenditure 8	Transfers 6	losses 30 8		Jun 2023 6
Property	Fund		1,536,003		(10,720)			1,525,283
Investment		fund	337,626			4,900	8,929		351,455
			1,873,629		(10,720)	4,900	8,929	1,876,738
			At				Gains and		At
			1 Jul 2021	Income 6	Expenditure f	Transfers	losses 30Jun 2022 8 F
Property	Fund		1,546,942		(10,939)				1,536,003
Investment		fund	355,612			5,774	(23,760)		337,626
			1,902,554		(10,939)	5,774	(23,760)		1,873,629

Analysis ofnet as	se	ts between f	unds
			Unrestricted	Restricted	Endowment	Total Funds
			Funds f	Funds f	Funds 8	2023
Tangible fixed assets			210,514		1,525,283	1,735,797
Investments				25,654	351,455	377,109
Current assets			243,443	661		244,104
Creditors less than	1	year	(12,158)			(12,158)
Creditors greater than		1 year	(63,210)			(63,210)
Net assets			378,589	26,315	1,876,738	2,281,642
			Unrestricted	Restricted	Endowment	Total Funds
			Funds	Funds	Funds	2022
			6		f	8
Tangible fixed assets			216,410		1,536,003	1,752,413
Investments				24,876	337,626	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

		2023	2022
		6
Income and endowments
Donations	and legacies
Donations		268	27,728
Charitable	activities
Annual Licenses		750		320
Other trading activities
Residents	contributions	177,286	168,770
Investment	income
Bank interest receivable		775		39
Investment	income	11,361	9,526
		12,136	9,565
Total income		190,440	206,383

Year ended 30June 2	023
		2023	2022
		6	6
Expenditure on charitable	activities
Charitable activities
Activities undertaken directly Salaries - caretakers		11,732	8,705
Pension costs		60
Residents committee expenditure Utilities		1,236 17,693	1,859 21,218
Cyclical repairs to Almshouses Insurance		31,256 5,689	33,142 5,224
Extraordinary repairs to Almshouses Office costs		2,499	3,991 2,739
Depreciation Subscriptions		16,616 167	17,500 309
		86,948	94,687
Grant funding activities Grants paid		1,475	420
Support costs Salades - charity manager Legal and professional fees Office costs		21,243 4,284 1,383	24,964 1,260 1,168
Accountancy Investment management costs		2,125	1,830 227
		29,035	29,449
Expenditure on charitable	activities	117,458	124,556