||**KING JAMES ALMSHOUSES**|**KING JAMES ALMSHOUSES**|**KING JAMES ALMSHOUSES**|Charity No
(if any)|**1198062**|**CC17a**| |---|---|---|---|---|---|---| ||Annual accounts for theperiod
|||||| ||Period start date|**25th February 2022**|**To**|Period end
date|**31st December 2022**|| |||||||| |**Section A**|**Statement of financial activities**|||||| |Note
**Incoming resources (Note 3)**
Voluntary income
S01
Activities for generating funds
S02
Investment income
S03
S04
**Other incoming resources**
S05
**_Total incoming resources_** S06
**Resources expended (Notes 4-8)**
**Costs of Generating Funds**
S07
Fundraising trading costs
S08
Investment management costs
S09
**Charitable activities**
S10
**Governance costs**
S11
**Other resources expended**
S12
**_Total resources expended_**S13
S14
**Gross transfers between funds**
S15
S16
S17
Gains and losses on investment assets
S18
**_Net movement in funds_** S19
**Total funds brought forward**
S20
**_Total funds carried forward_**S21
**Recommended**
**categories by activity**
**Details of own**
**analysis**
**Incoming resources from**
**generated funds**
**Incoming resources from**
**charitable activities**
Costs of generating voluntary
income
**_Net incoming/(outgoing) resources before_**
**_transfers_**
**_Net incoming/(outgoing) resources before_**
**_other recognised gains/(losses)_**
**Other recognised** **gains/(losses)**
Gains and losses on revaluation of fixed assets
for the charity’s own use||**Unrestricted funds**
**Total this year**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total last**
**year**||||| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| |||||||| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| |||||||| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| CC17a (Excel) 09/02/2024 1 Section B Balance sheet Restricted Unrnstrlcl•d income Endovmlent Totsl thi• Total last nd• funds fund• y•ar year Fixed assets Tanglble assets F01 Fif2 F03 F04 F05 (Nots 9) B01 B02 Inv•stm•nts INots 101 Total ffx8d85s•ts Current assets Stock and work In progress Debtors {Nots 11) (Short term) Inve8lmants Ca8h al bank and In hand Creditors: amounts lalllng due wlthln on• y•ar (Nots 121 10 N•t ¢unvntaM•ts/fliabilitses) 611 Total assgts 10$$ ¢unvntliath'litsos 812 Creditors: amounts falllng du• aft•r one year (Note 12) Provlslon8 for IlablllU•s and ¢harg•6 B13 B14 Funds of the Charity Unrn8trktod lund• 916 B17 Re8tr1cted Income fund8 INot• 13) End¢)wment fund¥ (Nots 131 B10 B19 Tolal funds B20 SiJn8d by one ￿ *•￿trUSt98S on t￿h￿OI an the twstees Print Name Date of approval CC17a (Excel) 09KJ2rd024 Section C Notes to the accounts Note 1 Bas18 ol pr•par•tlon 1.1 Basis of accounting These account5 have been wepar&J on the basKS of histo￿ cost lexw that inslrnerts are shry*n at mwknl èl in accordanrA wrth.. . Accounting Reporh"ng by C*wilies- Statamert of Recommended Pr￿ti￿ ISORP 2C(J5).' ' and wth" AccuJntirvJ Slandards.. or Financial Rewrting SI￿dards fvr Sfflaler Enterprises (FRSSE).. and with the Charib"e$ Act. ex¢e for the f￿1¢>W1n Glve detalls In thts box rfa diff•rnrtstand•rdhas IM•n lollokhy -Tic* a$ appropriak. Ll al relevant dock4ur•s shtran n th8 been yr¥pn then pkna#e IiEk"PL£ountir¥J StaTrIa￿$"; rf disdo$urg$ in Ihosa a¢coun15 have b8en rest￿ to th058 WBquir•J bythe FRSSE. th8n pknas• 'Fina￿l91 Reporbng Standards for SmAIkn Enterpr￿ IFRSSEI-. . *J?par￿re$ from t￿ chosen $tsrbaa￿kS been made tsn lh￿ Wo￿18., ol1w￿ls& gp•Y detsi15 oIAnytharvaè8 in th8 t*)X￿. 1.2 Chang• In b••i* of accounting There has bggn no chawe to the ao))unlirMJ pclK4es (Yakth nles and rr*thc*Js of accounlingl since last year Ig exw foi tha f¢4kn"n9). 5 ifno thar￿eS ha￿ b•en m•d• to a¢countir#J pol￿• then d81818 th880 ￿rds. 1.3 Chan90S to prnvlous accounts No dwnges h￿e been made to accounts Pr*￿￿5 year5 Igs eX￿p1 for the foluAirwJ}. 59 rf no charvJe5 haN* mad• to aC£￿￿ts forprBv￿￿tss Ferh>Js then these *tsrd8. CC17a IEx£•ll ## **Section C Notes to the accounts (cont)** ## **Note 2 Accounting policies** _**This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional policy has been adopted then this is detailed in the box below.**_ |**Note 2 Accounting policies**
**_This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or_**
**_additional policy has been adopted then this is detailed in the box below._**|**Note 2 Accounting policies**
**_This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or_**
**_additional policy has been adopted then this is detailed in the box below._**| |---|---| |**INCOMING RESOURCES**|| |**Recognition of incoming**|These are included in the Statement of Financial Activities (SoFA) when:| |**resources**|· the charity becomes entitled to the resources;| ||· the trustees are virtually certain they will receive the resources; and| ||· the monetary value can be measured with sufficient reliability.| |**Incoming resources with**|Where incoming resources have related expenditure (as with fundraising or contract income)| |**related expenditure**|the incoming resources and related expenditure are reported gross in the SoFA.| |**Grants and donations**|Grants and donations are only included in the SoFA when the charity has unconditional| ||entitlement to the resources.| |**Tax reclaims on donations**|Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to| |**and gifts**|which they relate.| |**Contractual income and**|This is only included in the SoFA once the related goods or services have been delivered.| |**performance related grants**|| |**Gifts in kind**|Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the
amount actually realised.| ||Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or| ||distributed by the charity.| ||Gifts in kind for use by the charity are included in the SoFA as incoming resources when| ||receivable.| |**Donated services and**|These are only included in incoming resources (with an equivalent amount in resources| |**facilities**|expended) where the benefit to the charity is reasonably quantifiable, measurable and material_._| ||The value placed on these resources is the estimated value to the charity of the service or| ||facility received.| |**Volunteer help**|The value of any voluntary help received is not included in the accounts but is described in the
trustees’ annual report.| |**Investment income**|This is included in the accounts when receivable.| |**Investment gains and losses**|This includes any gain or loss on the sale of investments and any gain or loss resulting from| ||revaluing investments to market value at the end of the year.| |**EXPENDITURE AND LIABILITIES**|| |**Liability recognition**|Liabilities are recognised as soon as there is a legal or constructive obligation committing the| ||charity to pay out resources.| |**Governance costs**|Include costs of the preparation and examination of statutory accounts, the costs of trustee| ||meetings and cost of any legal advice to trustees on governance or constitutional matters.| |**Grants with performance**|Where the charity gives a grant with conditions for its payment being a specific level of service| |**conditions**|or output to be provided, such grants are only recognised in the SoFA once the recipient of the| ||grant has provided the specified service or output.| |**Grants payable without**|These are only recognised in the accounts when a commitment has been made and there are| |**performance conditions**|no conditions to be met relating to the grant which remain in the control of the charity.| |**Support Costs**|Support costs include central functions and have been allocated to activity cost categories on a| ||basis consistent with the use of resources, eg allocating property costs by floor areas, or per| ||capita, staff costs by the time spent and other costs by their usage.| |**ASSETS**|| |**Tangible fixed assets for use**|These are capitalised if they can be used for more than one year, and cost at least £500. They| |**by charity**|are valued at cost or a reasonable value on receipt.| |**Investments**|Investments quoted on a recognised stock exchange are valued at market value at the year| ||end. Other investment assets are included at trustees' best estimate of market value.| |**Stocks and work in progress**|These are valued at the lower of cost or market value.| |**POLICIES ADOPTED**|| |**ADDITIONAL TO OR**|| |**DIFFERENT FROM THOSE**|| |**ABOVE**|| CC17a (Excel) 09/02/2024 4 ## **KING JAMES ALMSHOUSES TRUSTEES REPORT 31ST DECEMBER 2022** King James Almshouses is currently a dormant CIO which has been registered with a view to securing limited liability status for the trustees of another charity, The Hospital of King James in Gateshead ( reg 229942), which is an ancient unincorporated charity with similar objectives. A new scheme will be put in place once agreed with the Charity Commission.