2023-10-31-accounts

						Page
Reference and administrative		details ofthe Charitable	Incorporated	Organisation,	its
Trustees and advisers
Trustees' report						2-4
Independent auditor's	report	on the financial statements				5-8
Statement of financial	activities
Balance sheet
Statement of cash flows
Notes to the financial	statements					12-25

Trustees		Paul Coleman	(appointed	(appointed	(appointed	6 March 2023)	6 March 2023)
		David Hart (appointed			24	January 2023)
		Simon Pinion
		Andrew Waters
		Irene Kettle
		Amanda Westbrook
		Philip George
Charity registered
number		1196080
Principal office		22 Winsley Square
		Old Heath Road
		Colchester
		Essex
		CO1 2AU
Charity Emloyees		Mrs Sareena Cobden,			Clerk to		the Charity and General Manager
		Mr Martin Rayner,		Maintenance			Assistant
Independent	auditor	Griffin Chapman
		Chartered Accountants
		485The Cedars Apex			12
		Old Ipswich Road
		Colchester
		Essex
		CQ7 7QR
Bankers		Barclays Bank	pic
		9 High Street
		Colchester
		Essex
		CO1 1DD
Solicitor		Birkett Long LLP
		1 Amphora Place
		Sheepen Road
		Colchester
		Essex

				Restricted	Unrestricted	Total	Totals
				funds	funds	funds	funds
			Note	2023 2	2023 9	2023 6	2022f
Income from:
Charitable activities					473,000	473,000
Investments					2,723	2,723
Total income					475,723	475,723
Expenditure	on:
Charitable activities					359,147	359,147
Total expenditure					359,147	359,147
Net income before net losses on
investments					116,576	116,576
Net losses on	investments				(99,414)	(99,414)
Net income					17,162	17,162
Funds transfered		from preceding
charity			16	2,044,434	4,079,064	6,123,498
Net movement	in funds		16	2,044,434	4,096,226	6,140,660
Reconciliation	offunds:
Net movement	in	funds		2,044,434	4,096,226	6,140,660
Total funds carried forward				2,044,434	4,096,226	6,140,660

								30
							31 October	November
					Note		2023 6	2022f
Fixed assets
Tangible assets					11		2,049,062
Investments					12		3,800,417
							5,849,479
Current assets
Debtors					13	4,612
Cash at bank	and in	hand				330,864
						335,476
Creditors: amounts		falling		due within one
year					14	(44,295)
Net current	assets						291,181
Total assets	less current			liabilities			6,140,660
Net assets excluding			pension asset				6,140,660
Total net assets							6,140,660
Charity funds
Restricted funds					16		2,044,434
Unrestricted	funds				16		4,096,226
Total funds							6,140,660

Cash flows from operating activities
Net cash used in operating actrvities
Cash flows from investing activities
Dividends, interests and rents from investments
Purchase of tangible fixed assets
Net cash (used in)/provided by investing	activities
Cash flows from financing activities
Cash introduced from preceding charity
Net cash provided by financing activities
Change in cash and cash equivalents in	the period
Cash and cash equivalents at the end of	the period
The notes on pages 12to 25 form part ofthese financial statements

2023	2022
127,967
2,723
(156,026)
(153,303)
356,200
356,200
330,864
330,864

		Unrestricted	Total	Total
		funds	funds	funds
		2023 2	2023 2	2022f
Residents	contnbutions	473,000	473,000

	Unrestricted	Total	Tota)
	funds	funds	funds
	2023f	2023 2	2022f
Rent receivable	660	660
Interest received	2,063	2,063
	2,723	2,723

		Unrestricted
		funds	Total	Total
		2023	2023	2022
		6	6
Chantable	activities	359,147	359,147

		Staff costs	Depreciation	Other costs	Total	Torsi
		2023	2023	2023	2023	2022
		6	6	2
Charitable	activities	46,034	1,567	311,546	359,147

		Support	Total	Totat
		costs	funds	funds
		2023 6	2023 6	2022f
Charitable	activities	359,147	359,147

				Total	Totai
			Services	funds	funds
			2023	2023 2	2022f
Staff costs			46,034	46,034
Depreciation			1,567	1,567
Rates and water			12,210	12,210
Heat and light			176,140	176,140
Insurance			8,107	8,107
Maintenance			34,391	34,391
Cleaning			3,880	3,880
Exceptional	repairs		17,652	17,652
Helpline charges			10,934	10,934
Telephone			1,319	1,319
Residents events			1,122	1,122
Planned infrastructure			19,876	19,876
Subscnptions			792	792
Accountancy	and payroll		1,431	1,431
Legal fees			4,394	4,394
Sundry administration			5,216	5,216
Redevelopment		costs	9,882	9,882
Governance	costs		4,200	4,200
			359,147	359,147

Governance costs	Governance costs	2022	2021
		9
General	Manager (20%)	5,623
		4,800
Audit
		10,423

Detailed breakdow	n of total spend on properties
		2023	2022
Revenue maintenance:		8
Electrical and plumbing		6,977
Normal		13,975
Central Heating		10,364
Gardens		1,509
Planned infrastructure		19,876
Equipment repairs	& purchases	1,566
Exceptional repairs		17,652
Total		71,919

				2023	2022
				8
Wages and	salaries			45,041
Contribution	to defined	contribution	pension schemes	993
				46,034

			2023	2022
			No.	No.
Clerk	to the Trustees/General	Manager
Other	staff

Detailed	analysis	ofwages and salaries	ofwages and salaries	ofwages and salaries	2023	2022
General	manager	-	operational	(80'%%d)	22,492
General	manager	- governance		(20'/.)	5,623
					17,919
Other staff
					46,034

		Freehold	Fixtures and	Office
		property	fittings	equipment	Total
		8			6
Cost or	valuation
Transfer	in 1 December 2022	1,892,213	22,979	9,242	1,924,434
Additions		152,221		3,805	156,026
At 31 October 2023		2,044,434	22,979	13,047	2,080,460
Depreciation
Transfer	in 1 December 2022		22,979	6,852	29,831
Charge	for the period			1,567	1,567
At 31 October 2023			22,979	8,419	31,398

Tangible fixed assets (continued)
	Freehold	Fixtures and	Office
	property	fittings	equipment	Total
			6	6
Net book value
At 31 October 2023	2,044,434		4,628	2,049,062
At30November 2022

							Listed
							investments
							6
Cost or valuation
Transfer	in	1	December	2022			3,899,831
Revaluations							(99,414)
At 31 October			2023
							3,800,417
Material	Investments
						31 October	30November
						2023	2022
						2	f
M&G Equities			Investment	Fund for Charities	(Charifund)	1,102,921
M&G Charity			Multi Asset	Fund		855,978
Parmenian		Investments		GIA		1,841,519
						3,800,417

			30
		31October	November
		2023f	2022f
Due within one year
Trade debtors		585
Prepayments	and accrued income	4,027
		4,612

						31 October
						2023
						9
Financial	assets
Financial	assets measured		at fair value through		income and expenditure	331,449
						31 October
						2023
Financial	liabilities
Financial	liabilities	measured	at amortised	cost		44,295

											Balance at	Balance at
									Transfers	Gains/	31October
					Income			Expenditure	in/out	(Losses)		2023
							6	6		8		6
Unrestricted funds
Designated funds
Planned	infrastructure		reserve					(37,528)	453,967	(14,939)		401,500
Redevelopment reserve								(9,882)	3,639,083	(84,475)		3,544,726
								(47,410)	4,093,050	(99,414)		3,946,226
General	funds
General	funds				475,723			(311,737)	(13,986)			150,000
Total Unrestricted		funds			475,723			(359,147)	4,079,064	(99,414)	4,096,226
Restricted funds
Property	reserve								2,044,434		2,044,434
Total of	funds				475,723			(359,147)	6,123,498	(99,414)	6,140,660
Transfers	in include		the following	amounts		from		the preceding	charity, The	Almshouse Charity		of Arthur
Winsley	and Others,		charity number		206000		on	1 December 2022:

Analysis	of net assets between funds - curr	ent period
		Restricted	Unrestricted	Total
		funds	funds	funds
		31 October	31 October	31 October
		2023	2023	2023
		2	2	2
Tangible	fixed assets	2,044,434	4,628	2,049,062
Fixed asset investments			3,800,417	3,800,417
Current	assets		335,476	335,476
Creditors	due within one year		(44,295)	(44,295)
Total		2,044,434	4,096,226	6,140,660

							30
						31 October	November
						2023 2	2022f
Net income for the period (as per Statement				of Financial	Activities)	17,162
Adjustments for:
Depreciation charges						1,567
Gains on	investments					99,414
Dividends,	interests	and rents from	investments			(2,723)
Decrease	in debtors					6,084
Increase	in creditors					6,463
Net assets transfered		from previous	charity			(6,123,498)
Reserves	transfered	from previous	charity			6,123,498
Net cash	provided	by operating activities				127,967

							At 31
							October
						Cash flows	2023
						2	2
Cash	at	bank	and	in	hand	330,864	330,864
						330,864	330,864