aiARrrABLE INcOIIIRA7Eo ORGANISATION AEGISTERED (MARifY141ff¥lBEK. IIW99 iAIYD'ARCYWttH FYNCHE5 AND BERRYFEiD CoAGEs ALMSHOUSE CIIARiri FINANCIALAlEMENfs FOR YEAR ENDED 31 MAA(H 2024
LADYD'ARcYwifH FYNCHESAND BERRYFELD COffAGES ALMSHOUSE CHARiri co[ETr5 OFIHE FINANCIAL ATEmÈrS FOR THEYEPA ENDEO 31 MARCH 24 Pay Report of1heTntttS I to 4 IndependertExamSMrfg Report ststentDf FO¢111 *iivities Balant Short Notesto the Financial St•tem¢iits 8 to 18 Detslled Statemtrtèf fmandalA¢tlvrtles 19 to 20
LADYO'ARCY FYNCHES AND BERRYFIELD CoA£S ALMSHOUSE CHARITY REPORY OFTHÉTRUSTEES FOR THE YEAR ENOED JI MARCH 2014 TheTrustees present th•r report along withthe financial ststement5 of the charityfortheyear ended 31 Mafth 2024. The trustees have adopted the wovions of the Statement of Recommended Practi ISORPI. Accounting and Reporting byCharitie5 in preparin8theannual report and fiNncial ststsmnts the ¢h4rsty. The finan031 staternents have b&n prepared in ¢Nd#nce wlth the actnting poIleS set out In notes to the accounts on pa8es 8. 9 and 10 and comply the Charitvs 8overnln8 dc(umenL the Charitles Act 2011 and countin8 and Reportln8 by Charitles.. Statement Dr Recommended Practlce appllcable to tharlties Prepar1 their a¢¢ounts In a¢¢ordance th the Flnancial Reporting stsnd¥d appUcae In the UK and Republk ol Ireland pubjlshed In Ortcter 2019. OBJEcfivESAND AcfMTIES OblertfvES and alms The Obje£ts of thE Charity are.. i. the prow%on arxl Maintenan of houslw act0mmodth for persons who aFe in need, hardship or distre55 and who are sIdent In Qdchesler, E55ex,' and 2. such tharitable purposes forthe beneflt of resldent$ as theTrstes detlde. Appllcatlon af Ifome The ngl income shall be appled first to repalr. Insure and mew all other outgoings In speCt ol the Charfvs propertie5 and all proper costs of Charitvs adrnini5trdtion and.Ml&eMent Thereafter net Income shall be applied forthe beneht of the aknspeople of the Charity. stlfn&Cl1b7tièl The artlvltles of th¢ Charity ère the provision and maintenance of tt¥enty Sev almshouses fuf the beneficlaries. The benefKiaries must be per50r6 who are need hardship or dlstre5s andwho are reydent In Colchester, Essex. Publlt benefft These aCtItIeS are consldered to be for the pU1C Lenefit and In runnlngihe tharfjtytheTrustees havé regard the Ob4rityCornmi55ion guidan on publlc Theffit. ACHIEVEMENT At4D PERFORMANCE Charltable atthrft During the year the Trustees, ctern for the welfare of residents contlnued through fe8ular communicaOn and visits to them. There wa5 a thorOh revlew of the wklY Malntenance CoThtribution. aNI the system for bt5 collectton. The Weewy Maintenance Contrlbutiw W•5 5tsndardi5ed to achieve a falr and tyansparentSV5tern. FINANCIAL REVIEW nanclal poslthn The Charity'sfinancoal ptssltiijn 15 45 set out in the Balance Sheet ¢>n pa8e 7artd isrtsn51dered satlsfactory. ReseThe5 poIIcy The Ch?rity's polry on reser¥es is to vnaintsin sufficient reserves to t8e the Charlty to continue to achleve its principal Obe$. FufuRE PLANS The trustee$ have consldered the outcomes of the Qutnquennlal Inspections and have c¥eat¢d o ¢QrnweheTh5e 5trate8y and to en5urethe effective malntenant¢ of the pr¢pert*s. SThUCTUR¢ GIJVERNANQ AND PW4AfjEMENr Go¥trninMdowment The charity Isgoverned in accordance wlth a con#its&t1 adopted on 21 November 2019.
iADYD'AftcYwmi FYNCHESANO B&9ftYKLD CoAGEs ALMSHOUSE CHARirY REPORT OFTNE TRUSfEES FOR ThE YEAR ENDED 31 MAROI 2024 sTRLICTuR GOVERNANQ AJID MA14AGEMENr Retrukmentand ppolbttment of newtrustee5 vacèn£Ses for Tru#ees arise application5 are sought from potential tandidates known to the Trustees and other 5uitsble local people. ApplS¢ts are then tonsljered by the Trustees and appOintnts made by re501ullDn of the Trnstees. CW8anlsatbnal stftKture Day to day administr8llon ofthe char lscarrled out by the aerkwho reportStotheTrUèts. IAth£tlon and trathkngofnewtnes New Trustees are briefed by the Clerk the TrLEtees on the hlstory and vItIeS of the Charity. They are prowded with a copy of the Charlty Commi55ion publicion The Esserttial Trustee detallln8 rhdr resp005ibilitEs and wovldlng Euidantt on bein¥ a Truttee. New Trustees are ryAded with a toty of th¢ Ch4rlty heme and the latest accounts. Related wr ThÈrÈ are no othercharitles rdated to the lady Uarcywlth FyKhesand BerryNeld Cott4esAmshtyJse Charlty- Risk m8na8ement The trustees ha a duty to Identify and reviEW the rlsks to which the thartty Is exposed and to 2msure appropriate controls are in Fla to prtrdide reasonable a55uran¢e aln$tfraud and error. Through the employment of wofesslonal advlrs t& Trustees seek to ensure that all of the Charty'5 rnan4ement and detlsion making presSeS take full account of, and comply with, leat leg(slation and reguly controls. Insurance Inrjudlw property ownL¥shlpand puwlc Ilablllty 6 reassessed anrwallv. REFERENCEAND PL)MINISTRAnve DETAILS Re8tsiered th•rltynwnber 1186499 Prtnclpal address F¢ynh3m House 227 Lopdon Road Colche5ter Essex C03 8PB Trityiees P C D lryen. Chairman E A Blocmfield M G Humphreys P M Bareham MSS A ReebE$ M Minter (appointed 2V31241 Ireslgned 2914n41 Pjones (appointed 1613124
LADY D'ARCf WITH FYNCHESAND BERRYFIEiD cOAGE5ALm5HOV5E QIAR AEPORTOFTHETRUSTEES FOR THE YEPJI ENDED 31 MARCH 20YI Af FERENCE AND ADMf415fRATIVE DETAILS Independent Examlner &mon Welling Haineswatts rtered knountts Town Wall House Balkerne Hlll Colche5ter E0X C03 3AD Sojktto John Fowiers Salnt Runwald Street Colthe5ter Coi ID5 ihetharkv Allson Smith Ito ISJuly 20241 286 Mersea Road Coithesler Essex C02 8QY Vi¥vennE Deedge (from 15 July 20241 Fornham House 227 Lond)n Road Colchester Essex C03 8PB Bdnker5 Bardays Bank PLC 9 Hl8h Street Colthester Essex Coi IDD ConsultantArthtt• Dand Corsnal Pamershlp The Cre5trnt Colthester Essex C04 9YQ
iADYVARCY WITH FYP4CIIESAND BERRYFIELD coA(sALMsH¢?u5E (MARirY REPORTOFTHETRUSTEES FOR THE YEPJi ENDED 31 MAROI 2024 Approved byorder of the board OfteeS on....... ... and SNed on its behalf ty.. P CD Irven- TrLL%lee
INDEPENDENTEXAMINER'S REPORTTOTHEThUSTEES OF LADY D'ARCYWITH FYNCHESAND BERRYFIELD Cl)TfAGES ALPIAHOiISÉ CHARITY IhdÈpendent r•p•n to tr tN#ee5 of L•0¥ D'Ar¢y wlth Fynthe5 Cottw5 thistwse Char I report to the tharlty trustees on my e¥amlnatlon of the a¢¢t)unts of Lady D'hry FyKhes and Berrffjeld Cottages Aknshowe Charlty Ithe Trust) fortheye¥ ended 31 Marth 2024. Re5ponsibIlIe59fftd basi5 of rep4)rt s the tharlty trwtee5 of tlk Trust you are re5pon51ble fty the Prepara£ of the accounts in accordare with the quirements of the Charltyes Art 2011 IlheAcVI. I report In respect c my exafflinatlon cl the Trusi's accounts carried UndersecOn 145 of the kt and in cotyOng out myexamination I have follawed all appllcable Directio the Charlty Commission under Sectlon 14515llbl of the Act. depwdert examws ststemqnt I have completed rny ex)rnination. I conflrm that no material mattÈrs have ccme to my attention in ¢onnertlO11 Vllth the e¥amlnèllon OvinR me causeto belle% that in any merlal respett.. accounti records were rnt keptin respert 01tTrUSt as required by Seciion 130 ofiA¢[. ¢N the ar¢ounts do not accord th reccffds; or the accounts do not comply with the applitable requirements concerning thelom) and tontent of accounts set out in the Charltles IAccounts and Reports) Regulation$ 2C08 ¢yther than any requlrement that the accounts 81ve a true and fairwewwhich 15 not a rnatter tonsldered as partof an independent exafflinalion. I have no Conrn$ and come 8(ross aio otr matters In ¢Dnnection wth the examlnation to whkh attention shtyjld be drawn In thls report in order toenats a properunderstandin8 of the accounts to be re3cIEd. Slmon Welli TheAssooatlon ofthartered Certified Attountants Halnes Watts Chartered Acc¢)urtt•nts Town Wall House Oalkerne Hill Colchester Essex C03 3AD
iADYD'ARC(WItH FYNCHESAND BERRYFIELD COTfAGESALMSHOUSE CIIAArr¢ STATEMENT OF FINANCIALAcnvrriES FOR YEIR ENDED 31 MARCII 2024 2024 Total funds 2023 Total funds Unrestricted fuftds Rostri¢ted fvnd Endovmient funds NL*e5 INCOME AND ENDOWMENTS FROM chaable artlvttles Ajmshouse 3ctMty 169. 169.123 158.519 Investment Income 6.832 4,810 Toi•l 175.955 163,329 EXPENDITUAE rji Charttable a¢ttvltSe$ AlmShJ%e actfvlty 89.638 89,638 8L7 86J17 86J17 8¥573 NetBain51110s5esl on Investments 14161 19131 13248 13.6741 NET INCOMVIEXPENDITUAEI IfjoA78 19131 995 77.899 Transfers bètwe•) lumds 14 170671 7,067 Otherre¢owW i•lnslllossesl Galnscffj revaluatlon of fixed ssets 108W7 108.697 1,323,431 Net mo¥ernent lTrfunth 9UII I051 208362 1.401.330 REC0NaUATN OF FUNDS Total funds brought forward 369JJ73 148 5A02.362 5mL583 4,470.253 TOTAL FUNDS CARRED FORWARD 5.871.583 CQNTINUINfj OPERATION5 I In¢(me and exFendlture has 8ri5en from corstinuing thtses. The notesform partof these financial ststeme•ts
iAOYD'ARCYWITH FYNCHESAND BERRYFIEiD COAGEs ALMSHOUSE OIARiri BAiANfE SHEET 31 MARCH 2024 2014 Total ds 2023 Total fund5 Unre#vScted Is Restricted fund Endovm)ent fund5 Note5 FIXED ASSETS TangIb assets Investments io li 5,5433ts) 73,913 5543A 362.005 5A34751 277.705 288,092 S17213 5.905A53 5,712,456 CURRENT AS5Frs Oebtor5 Cash at bank 12 S.852 S,8S2 189.233 5.164 179,522 I955 195,085 184,686 Amounts fallln8 due thIn or year 13 120.6931 120,6931 125,5591 NEf CURRENT ASSETS 174.392 174,392 159,127 TOTAL ASSEFS iESS CURRENT LIABILITIES SM72IJ W9.845 5.871,583 NET A55ETS 148 s17,213 6.079.845 5,871,583 FUNDS Unrestricted funds Restrftted funds Endo*%nentfunds 14 369,073 5.617.113 5,502,362 TOTAL FUNDS 6,079.845 5 871.583 The fjnanoal statements We appmed by the Board of Trustees and authcfjised lor issue on . aro wwe $tqned on its behalf bv= Q.IJ L5L-- P C D INen-Tiusteè P M Bareham- Trustee The notes lorm part of these finan¢ial statements
LADYtyARCYWITH PINCHESAND BERRYFIELD cOAGE5A$Ov5E CHARITY NtrtESTO THE FINANCIALSTATEMENTS FOR THEYEI ENDED 31 MAROI 2014 TRANSFER OF &IGAmENTS On l April 2020 the actNities. assets. I13"1[e5 and funds and reservES of The Lady tYW wlth Fynche5 3Trd Berf[d Cottages Almshouse tharity Icharity Re8lStration Number 11048821, referred to in these financial statementsas old charity. were tTrnsferred to thls Chariry. ACCOLINTING POLlaÈS Bask olweparh8the fftmnclal statements The financial Statements of the charity, which 15 a public benefrt entlty urxler FR$ 101 have been prepared in a¢¢ordance wlth the (haritles SORP IFRS 1021 Accountlng and Report6 ty tharftles.. Ststement of Reccfflmended Prtyce applkable to charfjties preparing their accOLts in 3c£ofLlance with the Financial RePOrn8 Standatd applltable in the UK and Republie of Irdand IFRS 1021 (effective l January 20191,, Fin031 Reportln8 Stsndard 102 The Financial RePOrrI Standard applicable Inthe UK and Republicof I131, and the Charities Act 2011. The financial staternent5 hwe been prepared under the historlcal cost conventiors. wlth ihe exception that housing propertie5 a indutled at ¥aluation and irNe5tments which are IKluded at market value. Fund Actfjuntknt Unre5tritted funds ¥e avallable to spend on XtivitiES that further any of the purposes of tharty. Oeslgnated fund5 are unrestricted funds of the chaTity vthrh the trustees have decided at thelr dlscretlon to set aslde to use for 3 s¢1¢ purpose. Resirlcted funds are fvnds whlch the donty has $pE¢ified are to be solety used for ¥ partlcvlar purpose. Permanent endowrnent fvnds are no[eXpandable funds whlch are Trormalty held IrKlefinite. Concern The accounts are prepared on a g(4ngconcern basis a5 tre are m material uncertalnfjes the Charltys abl1tyt0conTruE. In¢ome All Income Is recognlsed In the Ststement of FlnarK6al AthtIes once the charity has entmement to the fund5, It15 prcbable that the Iome wlll be recefved and the amount can bemeasured rellably. Inccffle from 8overnrnent and other 8rants, whether 'tspitsl' Brarts or'revenue, 8rwnts, 15 WO8nised vthen the Charity has entlement to the fund¥ any performance condf(ions attathed tothe 8ronts have been rnet, it 15 probablethatthe income will be rerew and the amthjntcath be Meased rellablyand Is not deferred. For le&acies. en1[ement is taken ès the earlier of the date on whkh elther.. the Charlty Is avjare that probe has been granted. the estate has beffi finallsed and notification ha5 been made by the executorlsl to the Charltythat a thStrltrtl0n wlll be made. or when a dlstributlon 15 received from the estate. Donafjons and other voluTrtsry Iorne are refkcted In the accounts for the period in which they are recelved. Donatlons In nd are recognised by the Charity when receNed except In the case of semces provlded free or undervalue byvoluntsrystaff others whith are not rettte in atcounts. lfitere5t Recehed Interest on lunds held on deposit is iTrdudetl when rectlvaNe and the amourttan be mea$ured reMaLly bythe Ch¥rlty- thls Is nomially upon notCatIOn of the Interest p3ld or payable by the Bank.
LADYD'ARCIWITH FYNCHES AND BERRYFIEU) coAGEs AiMSHOUSE CHARITY NOTESTO ThE FINANCIALSTATEMENTS- ¢ted FOR THE YEA ENDED JI MARCH 2014 ACCOUNTING POLiaES.rontinuoJ Expend1 liabilities are reeoKrtlsed as expendtture as soon as there Is a legal or construttive obligation mling the charity to that expenditur¢ it 15 probable that a transl¥ of econ¢)mic benefits vjill be requlred In settlement and the amount o the obliEation can k measured reliably. Expenditure is a¢¢iMJnted for on an accruals basis and ha5 cla55ltEd under heIng5 that ag8re8atÈ all related io the categcry. Where costs car¥not be dlrectly attrfbuted to partlcular headln8s they have beer¢ allocated to artfftiitie5 on a ba515 tonsistent wlth the Use of resources. Rpalrs ind Milnt¢nan¢eof Propertk$ The charyes in the Siatement of Financial ActNltles In respect of cyccal MaintenarKe and Extraordinwy Repairs reflert theTrustee¥ constant concern to keep the propertles In goDd condltion. and afe in accorda¢ with the Almshouse Associatlons. recommendation that Almshouse Charities should set aside each year specific sums in this respect. Transfers are made from the Revenue Reserve each year to the E¥traordinaTY Repair Reserve to cover extrawdinary repairs as tly arise and to the Cyclical MaintenJn¢e Reser%e tts ¢ repalrs whlch ari on a wli¢al basi& The Ch3riVs go4ernanGe co5¢5 are allocated entlrety to the MshoU5e Costs since 5UFPOrt costs relatln8 to other 4rtivitie5 are considered immaterial. Tawlble fxed a$$9 Houstn8 Proyrtl•s The housing propee5 are Included in the accounts at thar InsUrae relnstatement value. Addrtlons after each revduation are induded atcost uThUI a further revalua. The Cost of lurb1$hènt and imprcvements to the exlsting property are Mrtitten off to Re¥nuÈ ReseNe as Incurred. Any major improvemeotsor extensions to the prortY arecapltallsed. RevaluaOn$ are perfomied wth SLrffkl2nt regularity to ertsure that the carry¢n8 amounts are not mateallY rnlsslated and on tNs ba5Isare notdeyeci*ed. Investments are shown on the Balance Sheet at thelr market value. Changes In market value5 duri an accounting period are reftected in the 4ccount5 as ynrealised gain5 or losses. Upon dlspo5al of an inve51ment the dlfference between origlnal cost and disposal proceeds Is rellected thè accounts as a realised gain or 1055 and an adjustment is mzde to unreallsed galns or l¢)sses tt> reYer5e unrealised movements in value In earlieryears. D•bto Contrlbutlons and other debtors ¥e recognlsed atthe setdEmEnt amount due. Prepayments are valued at the amount yepaid net of any trade discounts due. sh at BBnk Cash èt bank ond cash In hand indudes cash and short term hlghly Ilquid imiestments with a shcrt Matur of thrèe mtshths orle55 from the date of acquisition or Lpningof ihe dep05rtor sknilaraccouns.
iADYD'ARCYWITH FYNCHESA14D BERRYFIELD COTTAGES ALMSHOUSE CHARiri NOTESTOIHE F1N4aALSTATEMENT5-(ontinÈd FOR ThE YE1 ENDEO 31 MAR 2024 ACCOUMTWG POUOES.<ontknyed Credltorsand Prov151ons Creditors and pr¢wi5ions are recognised where the Charity ha5 a present obligation resukinE frorn a past event that wlll probably resuk In the transfer of funds to a th*d party and the amount due to setde the 0ation can be measured or e5tlrnated rdlably. credor5 and prE510n$ we normally recoy15ed at thelr settleme amount after allowing fur anytrade diswunts due. Ttion The charity Isexempt fromiax on its ¢harftable a¢Vles. INVESTMENT INCOME 2023 Dwidend incrAnÈ COIF deposit account Inte$1 359 473 4.810 6.8J2 4.810 IIKOME FROM alARAL£ACTIvrn 20Z4 2023 Alm5hou5e Jctsvity ontrlbutlons reCea4e L055E5 from vacancie5 173.125 158,649 11301 169.123 158.519 Dlrect Cosls Isee note 61 Support eosts (see note 71 Tota15 Almshouse actfjvlty 54,953 89.638 -iO-
LADY D'ARCt wmi PINCHESAND BEARYFIELD NOTÉSTOTHE FINANaALSTATEMENTS-contknued FIYiTHE YEAR ENDEO 31 MAth 2(124 OIRECTCOSTS OF OIARifABiEAcfiviTIES 20 2023 Vacant proFerty costs Waterch4rges Insuran Llqht aThl heat Repalrs and malntenance Cycli£al repairs Extraordinary reFolrs Gardenir Carelirte Sundries Bad debts Broadb8ryJ 5ervice5 1371 1,710 3.025 547 33,352 595 3,458 &oio 6.867 7,975 452 6.436 6.361 54953 58.306 SUPPORTCOSTS Governance costs M?nagernent Totsls mshouse activity 2S.663 9.W12 34,685 Supporttosts, ied in the abo a as follows.. Z023 Total attltIeS Almshouse 4£t1ty Clerks fees Subscriptions Independent examination fees AtcountarKyfee5 Legal and professl¢nal fees 25,M9 19.157 315 306 3.672 l778 S.926 23.450
LADYD'ARcYwrrH FYPKHESAND BERRYFIELO coAGE5Alm5NoY5E CHARirY NOTESTOThE FINNCIALSTATEMENTS.conttrbued FOR THE YE ENDe0 31 MAROI 2024 TRILSTEES. REMUNERATIIXI AP4D8EPKFITS There were nts truttees, remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. There were no trustees. expenses paid for the year endèd 31Mar¢h 2024 nor for the year ended 31 March 2023. COMPARAMVES FOR THE sfAIEMEPThOF FINANaALAcf141rnES Unrestrltted fund5 Restricted fund EndOwnt funds Total funds INCOMEAND ENDOWMEfrifs FR( tharftsble a(tlvStles Almshouse actmty 158.519 158,519 Irhvestmentlncome 4.810 4.810 Totsl 163.329 163,329 EXPENorruRE ON ChaFilable &liwities Almshouse actlvity 81.756 8L756 81,573 8L573 Net galnslllosse51 on iThstments 14541 13,2201 13,674 NEf INCOMEI(EXPENDifuRE) 81.119 13.220) 77.899 Transfer5betw••nlunds 116.067) 16,067 Othgr recu1$ 8alnsll1055q51 Gains ot) re¥*uatlon of fixed assets L323.431 1,323,431 Net mo¥ement In lunds 65.052 1,336.278 1,40L330 RECONCILIAMON OF FUNDS Ttstsl funds broh1 forward 304,021 4,166.W 4,470,253 TOTAL FUNDSCARRIED FORWAAD 369.073 5.502.362 5,871.583 -12-
LADY0'ARWlTh FYNCHESAND 8ERRYFIELO COThAGES ALMSHOUSE OIARnY NOTESTOTHE FINNACiALSTATEMENTS. CCThtved FOR ThE YEAR ENDED al MAROI 2024 IQ TANGIBLE FIXED A55Ets Freehold operty cosr ORVALUATION At l April 2023 Re¥aluians 5434.751 108.697 At 31 March 2024 &543A48 NET 8IX)XVALUE At 31 March 2024 5,543.448 At 31 Marth 2023 S.434,751 The hon8 propertles are slated at valuattorn bein8 at thelr Insurante relrsternent value 45 at 30 June 2024 of £5.$41448 whichthetwstees COThder to be bTrdltstive of the fair value a5 at 31 March 2024. C05t or valuation at 31 March 20241s represented by.. Freehold properry Accumulated reValUatty gains Co# a.u7.760 1425,688 5.543A48 IL FIXED *SSEr IrivESIMEpirs Listed Inve5trnents MARKvAWE At l April 2023 Additions Revaluatlons 277,705 71,052 13248 At 31 March 2024 36U05 NEf BOOKVALUE At 31 March 2024 962,005 At 31 March 2023 277,705 There were no Investment a55etsoUtde the UL -13-
LADY D'ARCI FY14CHESANO BERRYFIEiD COAE5 AiMSHOUSE QIARrrY NOTESTQIHE FINANClILSTATEMENTS.ntknlled FOR IHE YEAR ENDED 31 MARCH 2024 FIXED ASSET INVESTMENTS. ¢(ffitknued Cost or valuadon at 31 March 2024 15 represented by: A¢cumulèted revaluatlot)8ains 83 278.965 361005 11 oTOR&. AMOUNIS FAiLTr4G OUEWItHIN IEAR 2023 Contributlorts In arrears PpayMentS and accrued Income 4.170 5.852 5,164 CREDITORS: AMlYJPItS FAWNG DUE wrrHIN ONE YEPA 2024 2023 Comrlbutlons received in athèn¢e Trade creditOTS Accrualsand deferred income 1&438 20.751 4,808 25,559 -14-
iADYO'ARciwmi FYNCHESANO BERRYFIELD COTfAGeS ALMSHOUSE CNARITY NOTESTO THE FINANCIAL STAIEMENTS. conthued FOA THE YE ENDED 31 MARCH ZOZ4 14 MOVEMENT IN Fif4DS Net rysovement in funds Transfers between funds At 3L3.24 At 1.423 Unrstrfrt•d fvryls General Fund Cyclical Maintenance Fund Extraordln¥y Repalr FurKi 124,rn 119,111 125.261 ,Jii 16,6601 12,1731 150.7531 27.108 16.578 183359 1395S9 139.666 369W73 I7$ 17.0671 R•Arlaodfunds Resrri¢ted CBC Grant Fund EndOwm•rtn% Permanent Endownent Fund Ho¥sing Property Revaluatlon Reserve Catal Recoupment Fd 2,415,540 3.009,063 67,759 I425 3,117.760 73.913 19131 7.(K7 &SQ362 107,784 S1721> TOTAL FUNDS 57L583 079y5 Net movement in funds. included in the above are as follows.. InwminB resOUrS Resour$ expended Gain5 arbd losse5 overnent In funds Unre5trfLted General Fund Cytlltèl MaintenarKe Fund Extraordln¥y Repa(r Fund 175955 169,7181 111.9101 8.010 3.074 5,250 9,311 16.660} 173 175P55 189,6381 14161 lfy)A78 fiJnd5 Housing Property Revèluation Reserve Ca131 Re¢oupment Fund 108,697 108,697 19131 107.n4 TOTAL FUNDS 89.618 -15-
LADYD'ARCYWITH PnIcSAND BERRYFIELD COTfAGES ALMSHOUSE CJIARrrY NOTESTO THE FIN*14CL4ISTAIEMENT5-¢ontknued FOR THE YEAR ENDED 31 MARCH 21114 M(WEMENT IN FUNDS- tInued Cowwratiwesfor mtyvemert kn fvnds Net m4)vement In funds Tran5fer5 between funds At 31.3.23 At 1.4.22 Ufvre5trlcted furyl$ Generjl Fund Cyclkal Malntenanct Fd Exiraordinary Repair Fund Buildin8 ReseNe Fund 100.659 118.710 34,652 80,330 401 156,2881 124.701 119.111 125,261 90.221 150,IYY)I 304,021 81.119 I16. 369.073 Rethicted lunds Restrfcted CBC Grant Fund 148 EndDwmentfiwhds Permanent Endowm¢nt Fund Housing Property Revaluatlon Re5er¥e C4pitsl Recouwnekrt Fund 2A16.540 1,685,632 63,912 2,425,540 3,C#lg,063 67.759 1,323,431 13.2201 7.C67 4,166,084 1.320.211 16,Q67 5.502,362 TOTAI FUNDS 4.470.Z53 L40L330 5,871.583 cOmpar3ti net mo4ement In funds induded theabthE are a$follows.' Incornin8 resources Resources e¥pEnded Gaittsand losses ement In funds Unrestiirtedfvnds General Fund Cyclital Maintenance Fund Extraordinary Repa(r Fund 163,329 181,2671 14891 IL7321 80,330 401 388 388 163.329 181,7561 14541 81.119 Erthv&Thent fvnds Housing Property Revalu•tion Reserve Catal Reroupment Fund 1.323,431 13.2201 l323,431 13.2201 1,320.211 1,320.211 TOTAL FUNDS 163,329 181,7561 1.319.757 L¢l01,330 -16-
LADYO'AACYWTh FYNCHESAND BERRYFELD coAGEs ALMSHOU CHARITY NOTESTO ThE FINNJJCIALSTATEMENTS-contknu FOR niE YEAR ENDED 31 MARCH 20Z4 MOVEMENT IN FUNDS.atInued Permanent Endowment Fund The Permanent EndowTnent Fund represents the Chartt¢s hou51llg FJropertle& thanges in the net book value of the housin8 woperbes are reflected in the Permanent Endowrnent Fund by a transfer from or to the General Fund or other resenfes, as far as posslble. of an 2mount equal to the change in the accountin4 period. The fvnd15 non expendable. HwskniPrnpertles Re¥aluaikk Reser4T¢ The H¢Un8 Property Revaluation Reserve Is pem)anent eThJowment of ihe Chartty and Is represted by the value ¢f housin8 pfopErtie5 revaluatiull Bain5. CaWtal Re¢wpment Fund The Charity uultsed of Its PerMant Endownt to Improve ihe houslre woperttes and was requlred to re¢oup £318.(W by transfeFTiry £7,067 to a capttal recoupment lund each year ft¥ 45 yeavs. The recoupment comrnenced in the year ended 31 January 2CQ8 follovAng completlon of Improvements to the Charlvs hou5in8 Propert5. Durin8 the ye4r ended 31 January 2015 the Chartty were permitted to utilise £70.(¥JO of the fund towards the c(Istof purcha5in8 24 Berryfields wlthout a requirement forfuture recoupmenL The Capital Rewupffjent Fund must be splfICallY investsd as permanem endowment of the tharfty wlth In¢ome arlslngfrorn the in¥e5trllents being availableforthegeneral purposes of the Charrty. Cokherter OCGrnTht Furthl The fvnd represents a grant received from Colchester8orough Council to fund the uwtal NDprovements at the East Bay proVee Cyclkal Malntenante RtsÈrv• The Cytlltal M•lntenance Reserve is uThrestrlcted but desnated ty the Trustees to c¢)ver the c05t of cydical rnalntenance as tt arises. A transfer to ihe Fund Is made each year from the Revenue Reserve ot a speclftc arnount agreed by the Trustees. ExtraordinryRepair ResoF¥e The Extr¥ordinary Repair Reserve Is umrestricted but designated ty the Trustees to C the cost of extraordinary repairs as they ar15e. A transler to the Fund Is made each year from the Revenue Reserve of a specific amount a8reed by the Trustees. The Buildin8 Fwd is to cover future Cats1 improvemènts and transfers will be made at the Trustees d15cretion. Rrnnu• Reserve The fund represents part ofthe accumLdated surpluses of the Ctharity and is avaIle for the general wrpose5 of the Charfty. -17-
LADYD'ARCIWITh FYNCKSAM> BERRYFIELD COTTAGES ALMSHCMISE OIARiri NOTESTOThE FINANaALSTATEMENTS-cortlrNed FORIHE YEPA ENDED 31 MARCH 2024 RELATED PARTY DisaosuHES There were no related partytransè¢tioTrsforthe year ended 31 March 2024 -18-
LADYD'ARCI WITH FYNOIESAI BERRYFIELD coAGE$Alm$HQuSE CHARITY DETAILED STATEMENT OF FINANaALACTMTS FOR THE YE ENDED 31 MARai 2024 2024 2023 INCOME AND ENDOWMpns ln¥e5tmentI1¥ffle Oiwdend income COIF dÈposit actourtt INte$t 6A59 473 4,810 6.832 4,810 Charhable artlvhles Contributionsfeceivable Losseslrom vacarKle5 175.125 158.649 169.123 158.519 T(al knwrnlr* resources 175.955 163.329 EXPENDIIUAE (thariiabk •¢¢l¥TtI¢s Vacant proFerty costs Wate¥ charges Insurance LEqht and heat Repairs and maIntenae Cycllcal repalrs ExtracYdinaryrepair5 Gardenin8 Careline Sundries Bad debt5 Broadband seN15 1371 L710 3.02S 547 33,352 1,595 3AS8 13,469 &0 867 7.975 6,436 4361 Jgo 6,3 54.953 58.306 Supwtcosts M#n¥8emeirt Clerks fees Svb5criptions 25.319 19.IS7 315 25.663 19.472 Gownartce (051s Irnlependent examinatlon fees Carrled fotward 318 318 This page does not forrn p•rt of the statutoryflnanclal staternents -19-
iADYD'ARCYWITH FYNCHESAND BERRYFELD COTFAGE5 ALMSHOUSE CHARrrY DED STATEME1 OF FINANaALAcfMTIES FOR THEYEPA EPIDEO 31 MARCH 2024 2024 2023 Brought forward A£c4xDtarry fee5 Le8al profesyonalfees 318 1778 5,926 3,671 9.022 3.978 Totsl resouTces exper¥ged 89,638 Bl.756 86,317 81,573 Thi5 poge doES nrtf¢rm part of the statutoryfinandol statements -2(