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|||||||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||||||
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|||||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||
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|||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||
##
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|||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||
##
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##
|||||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||
##
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##
||||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|
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