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