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|INDEX|PAGE|
|---|---|
|REPORT OF THE TRUSTEES FOR THE YEAR|1-3|
|TRUSTEES' RESPONSIBILITIES||
|STATEMENT OF FINANCIAL ACTIVITIES||
|BALANCE SHEET||
|NOTES FORMING PART OF THE FINANCIAL STATEMENTS|6-9|
|STATEMENT OF FINANCIAL ACTIVITIES SPLITBETWEEN OLD||
|AND NEW TRUST|10|
|INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES||
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||FOR THK|YEAR|ENDED 31DECE|MBER 2022||||
|---|---|---|---|---|---|---|---|
|||||||See below|See below|
||Restricted|Funds|Designated|Funds|General|2022|2021|
||Capital||Extra-|Cycltcal|Fund|Total|Total|
||||ordinary|maintenance||||
||||repairs|||||
|INCOME AND ENDO~TS IROM:||||||||
|Residents'
Contributions|||||528/30|52,930|48,432|
|Bank interest|||||||860|
|Investment
income|||||||263|
|TOTAL INCO22EE AND ENDOWMENTS|||||52,930|52R30|49 555|
|EXPENDITURE ON:||||||||
|Direct Charitable
expenditure||||||||
|Services|||||6,098|6,098|4,953|
|Insurance|||||1,198|1,198|1,131|
|Maintenance||||8+04|11,475|19,779|32,406|
|Resident related expenditum|||||1,711|1,711|2,148|
|Other expenditure|||||1/93|1,393|1,619|
|||||8,304|21,874|30,178|42,257|
|Administration
expenditure|||||5+70|5,570|4,800|
|Legal and professional
fees|||||2,465|2,465|3,000|
|Independent
Examination|||||690|690|654|
|Investment
fees
Trustee~e|||||4/83
340|4,283
340|7,153
333|
|TOTAL EXPENDITURE||||8/04|35/21|43,525|58,197|
|NET INCOME/EXPENDITURE||||(8+04)|17,709|9,406|8,642|
|BEFORE GAINS ON INVESTMENTS||||||||
|NET GAINS(LOSSES) ON INVESTMENTS
Gains/Losses
on investments|||~146423|(4/99)||150822|112,571|
|NET INCOME/EXPENDITURE|||(146,423)|(12,703)|17,709|(141,417)|103,929|
|TRANSFERS BETWEEN FUNDS||||||||
|Transfers to Cyclical Fund|||(28/88)|28,388||||
|NET MOVEMEiVT IN FUNDS||||||||
||||(1741811)|15,685|17,709|(141,417)|103,929|
|RECONCILIATION
OF FUNDS||||||||
|TOTAL FUNDS BROUGHT FORWARD|22,864||891,664|12,041|146,506|1,073,075|969,146|
|TOTAL TOIOIE CARRIED TORW~|22 064||716053|27 726|164/15|931,650|1,1173,075|
|||||See below|See below|
|---|---|---|---|---|---|
|||||2022|2021|
||||Note|||
|FIXEDASSETS||||||
|Freehold property||||332,347||
|Springetts
Almshouses||||||
|Investments||||506,528|991,633|
|CURRENT ASSETS||||||
|Debtors|||||130|
|Prepayments||||963|15,507|
|Bank Balances||||||
|Current Account||||94,434|67,646|
|||||95,398|83,283|
|CURRENT LIABILITIES||||||
|Accrued expenses||||(2,614)|(1,841)|
|Net Current Assets||||92,783|81,442|
|Net assets||||931,658|1,073,075|
|Capital Fund - Restricted Funds||||22,864|22,864|
|Unrestricted
Funds||||||
|Extraordinary
Repairs||Fund||716,853|891,664|
|Cyclical Maintenance||Fund||27,726|12,041|
|General Fund||||164,215|146,506|
|Total Unrestricted|Funds|||908,794|1,050,211|
|||||931,658|1,073,075|
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||||Cyclical||
|---|---|---|---|---|
|||Main investment|Maintenance||
|||Fund|(ERF)Fund|Total|
|Market valuation:|||||
|At 1 January 2022||991,633||991,633|
|Additions||760,753||760,753|
|Dispo sais||(1,095,036)||(1,095,036)|
|Reallocation||(28,388)|28,388||
|Realised Loss||(116,752)|(2)|(116,754)|
|Unrealised|Loss|29,671|4,397|34,068|
|At 31December 2022||482,540|23,989|506,528|
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|||BASED ON TR|BASED ON TR|ANSFER OF FI|JNDS AND ACT|IVITKS O|N 2|6 MAY 2022|||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||Eliza||Sprlngett||Eliza||Springett||Eliza|Springett||
|||Springett
Trust||Almshouses
Trust|Total|Springett
Trust||Almshouses
Trust|Total|Springett
Trust|Almshouses
Trust|Total|
|||||||Cyclical||Cyclical|Cycgcai|Extra-|Extra-|Extra-|
|||||||maintenance||maintenance|maintenance|ordlaaly|ordinary|ordinary|
|||General|Fund|General Fund|General Fund|Fund||Fund|Fund|repairs|repairs|repairs|
|||f|||||||||||
|INCO1VIE AND ENDOWMENTS|FROiM:||||||||||||
|Residents'
Contributions|||21,172|31,758|52,930||||||||
|Bank interest|||||||||||||
|investment
income|||||||||||||
|TOTAL LVCOMK AND Kfs11OWMEVTS|||||||||||||
|EXPENDITURE ON:|||||||||||||
|Direct Charitable
expenditure|||||||||||||
|Services|||2,439|3,659|6,098||||||||
|Insurance|||479|719|1,198||||||||
|Mamtc nance|||4,590|6,885|11,475|3,321||4,982|8,304||||
|Resident related expenditure|||684|1,026|1,711||||||||
|Other expenditure|||557|836|1,393||||||||
|Admi
'strahon
expenditure|||2/28|3,342|5,570||||||||
|Legal and professional
fees
Independent
Examination
Investment
fees|||986
276
1,713|1,479
414
2,570|2,465
690
4,283||||||||
|Trustee lnsufarlce|||136|204|340||||||||
|TOTAL EXPENDITURK|||5/39|8,008|13@47||||||||
|NET LVCOME/EXPENDITURE|||7,084|10,626|17,709|(3,321)||(4,982)|(8,304)|0|0|0|
|BEFORE GAD1S ON INVESTMENTS|||||||||||||
|NET GAINS(LOSSES) ON DVESThIKNTS
Gains/Losses
on investments||||||I 760||2,640)|4399|58569)|87,854|146,423|
|NETINCO~ENDITUIK|||7,084|10,626|17,709|(5,081)||(7,622)|(12,703)|(58,569)|(87,854)|(146,423)|
|TRANSFERS BETWEEN FUNDS
Transfers to Cyclical Fund||||||11/55||17,033|28,388|(11/55)|(17,033)|(28@88)|
|NKT MOVEMENT IN FUNDS|||7,084|10626|17,709|6|74|9411|15685|69 25)|104887|174811|
|Analysis ofnet|assets|at the date ofthe merger||||
|---|---|---|---|---|---|
||||Eliza|Springett||
||||Sprlngett|Almshouses||
||||Trust|Trsult|Combined|
|Net assets|||1,016,508||1,016,508|
|Represented
by
Capital Fund
Extraordinary
General Fund|Repairs Fund||22,864
821,739
153,590||22,864
821,739
153,590|
|Cyclical Maintenance||Fund|18,315||18,315|
||||1 016508||1 016,508|
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