2023-12-31-accounts - Queen Elizabeth Almshouses

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			Page
Report ofthe	Trustees	1	to	3
Independent	ExamineVs Report
Statement of	Financial Activities
Balance Sheet
Notes to the	Financial Statements	7	to	14
Detailed Statement of Financial Activities			15

FINANCIAL REVIE Reserves policy	FINANCIAL REVIE Reserves policy	W
At the year end the		charity had	funds as follows:
					2023	2022
						6
General unrestricted		funds			74,343	94,710
Extraordinary	repair	fund			83,314	82,314
Endowment	funds -	capital held	in buildings	and investments	1,612,876	1,591,192
					1,770,533	1,768,216

		fo	rthe Year Ende	d 31stDecemb	er 2023
						2023	2022
			Unrestricted	Restricted	Endowment	Total	Total
			funds	funds	funds	funds	funds
		Notes	6	5	8	6
INCONIE AND ENDOWNIENTS
FROM
Charitable activities
Provision ofaccommodation			64,487			64,487	65,573
investment income		2	46,895			46,895	43,747
Total			111,382			111,382	110,320
EXPENDITURE ON
Raising funds
Investment management	costs	4	4,285		4,722	9,00?	9,641
			4,285		4,722	9,007	9,641
Charibtble activities
Provision ofaccommodation Relief ofpoverty and hardship			86,814			86,814	46,022
and general benefit ofthe
inhabitants ofWorcester			39,650			39,650	57,650
Total			130,749		4,722	135,471	113,313
Net gains/(losses) on
investments					26,406	26,406	(150,009)
NET INCOME/(EXPENDITURE) Transfem between funds		16	(19,367) (1,000)	1,000	21.684	2,317	(153,002)
Net movement in funds			(20,367)	1,000	21,684	2,317	(153,002)
RECONCILIATION OF FUNDS
Total funds brought forward			94,710	82,314	1,591,192	1,768,216	1,921,218
TOTAL FUNDS CARRIED
FORWARD			74,343	83,314	1,612,876	1,770,533	1,768,216

							2023	2022
				Unrestricted	Restricted	Endowment	Total	Total
			Notes	funds	funds f	funds	funds 6	funds 6
FIXEDASSETS
Tangible assets			12			500,000	500,000	500,000
Investments			13			1,112,876	1,112,876	1,089,199
						1,612,876	1,612,876	1,589,199
CURRENT ASSETS
Debtors			14	9,690			9,890	3,535
Cash at bank				74,784	83,314		158,098	202,898
				84,474	83,314		167,788	206,233
CREDITORS
Amounts falling	due within		one
year			15	(10,131)			(10,131)	(27,216)
NET CURRENT ASSETS				74,343	83,314		157,657	179,017
TOTAL ASSETS LESS
CURRENT LIABILITIES				74,343	83,314	1,612,876	1,770,533	1,768,216
NET ASSETS				74,343	83,314	1,612,876	1,770,533	1,768,216
FUNDS			16
Unrestricted funds:
General unrestricted		fund					74,343	94,710
Restricted funds:
Extraordinary	repair	fund					83,314	82,314
Endowment funds:
Capital held in	buildings		and investments				1,612,876	1,591,192
TOTAL FUNDS							1,770,533	1,768,216

	INCOME F	ROM CHA	RITAB	LE	ACTIVITI	ES
								2023	2022
								Provision
								of	Total
								accommodation	activities
								6	2
	Maintenance	charges						64,487	66,573
4.	INVESTMENT NIANAGEMENT				COSTS
								2023	2022f
	Investment	manager fees						9,007	9,541
5.	CHARITABLE ACTIVITIES			COSTS
							Grant
							funding of
						Direct	activities	Support
						Costs (see	(see note	costs (see
						note 6)		note 8)	Totals
							9	2	2
	Provision of	accommodation				75,466		11,348	86,814
	Relief ofpoverty and hardship			and
	general benefit ofthe		inhabitants		of
	Worcester					1,650	38,000		39,650
						77,116	38,000	11,348	126,464
6.	DIRECT COSTS OF CHARITABLE ACTIVITIES
								2023f	2022f
	Property management		fees					2,868
	Council tax and water							4,157	3,321
	Insurance							3,284	2,853
	Light and heat							13,298	10,882
	Postage and	stationery							103
	GRs to residents							1,750	1,200
	Building repairs and modemisation							51,228	9,571
	TVlicence							75	418
	Subscriptions							233	222
	Webaits							223	69
								77,116	28,539
7.	GRANTS PAYABLE
								2023	2022
								6
	Relief of poverty and hardship			and general		benefit ofthe inhabitants	of
	Worcester							38,000	57,550

GRANTS PAYABLE	- continued	- continued
The total grants paid	to institutions		during the year was as			follows:
							2023f	2022f
Acorns Children's Hospice Trust							7,500	10,000
The Armchair Trust							1,500	3,000
Fort Royal Community Primary		School						2,000
Hereford &Worcester Army Cadet Force Charitable					Trust			1,000
Maggs Day Centre							4,500	5,000
The Mobility Trust								2,150
Museum ofRoyal Worcester (The			Dyson Perrins Museum			Trust)	2,500	2,500
The Myriad Centre Limited							3,500	6,000
Onside Independent	Advocacy						2,000
Perdiswell Young People's Leisure Centre								1,000
St Paul's Hostel							4,500	5,000
St Richards Hospice	Foundation						5,000	10,000
Sight Concern (Worcester Association				For The Blind)				1,000
Worcester Food Bank (P.C.C.OfThe Ecclesiastical					Parish	OfStNicholas &
All Saint's Worcester)							4,500	7,000
Worcester Snoezelen	Project							2,000
Worcester Warriors Charitable		Foundation					2,500
							38,000	57,650
SUPPORT COSTS
							Governance
						Finance f	costs	Totals f
Provision ofaccommodation						497	10,851	11,348
Support costs, induded in the above, are as follows:
							2023	2022
							Provision
							of	Total
							accommodation f	activities
Bad debts							369
Bank charges							128	163
Independent examiner fees - independent
exam							1,698	1,620
Clerk's fees							9,153	15,600
							11,348	17,383

There were no staff emp	loyed in either the current or prior year.	loyed in either the current or prior year.	loyed in either the current or prior year.	loyed in either the current or prior year.	loyed in either the current or prior year.
COMPARATIVES FOR	THE STATENIENT OF FINANCIAL ACTIVITIES
				Unrestricted	Restricted	Endowment	Total
				funds f	funds f	funds F	fundsf
INCOME AND ENDOWMENTS			FROM
Charitable activities
Provision ofaccommodation				66,573			66,573
Investment income				43,747			43,747
Total				110,320			110,320
EXPENDITURE ON
Raising funds
Investment management	costs					9,641
						9,641	9,641
Charitable activities
Provision ofaccommodation				46,022			46,022
Relief ofpoverty and hardship		and general
benefit ofthe inhabitants	ofWorcester			57,650			57,650
Total				103,672		9,641	113,313
Net gains/(losses) on investments						(150,009)	(150,009)
NET INCOMEI(EXPENDITURE)				6,648		(159,650)	(153,002)
Transfers between funds				(780)	780
Net movement in funds				5,868	780	(159,650)	(153,002)
RECONCILIATION OF FUNDS
Total funds brought fonvard				88,842	81,534	1,750,842	1,921,218
TOTAL FUNDS CARRIED FORWARD				94,710	82,314	1,591,192	1,768,216
TANGIBLE FIXEDASSETS
							Freehold
							property f
COST
At 1stJanuary 2023and
31st December 2023							500,000
NET BOOK VALUE
At 31stDecember 2023							500.000
At 31stDecember 2022							500,000

FIXEDASSET INVESTMENTS
	Listed
	investments f
MARKET VALUE
At 1stJanuary 2023	1,089,199
Additions	57,972
Disposals	(60,701)
Revaluations	26,406
At 31st December 2023	1,112,876
NET BOOK VALUE
At 31stDecember 2023	1,112,876
At 31st December 2022	1,089,199

DEBTORS:	AMOUNTS	FALLING DUE WITHIN ONE YEAR
			2023	2022
				E
Maintenance	charge debtors		510	1,995
Prepayments			9,180	1,539
			9,690	3,535
CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR
			2023	2022
			6
Grants payable			2,600	22,500
Trade creditors			2,671
Deferred income			2,079	1,526
Accrued expenses			2.781	3,090
			10,131	27,216

NIOVEMENT IN FU	NDS
				Net	Transfers
				movement	between	At
			Al 1.1.23	in funds f	funds F	31.12.23 5
Unrestricted funds
General unrestricted	fund		94,710	(19,367)	(1,000)	74,343
Restricted funds
Extraordinary repair	fund		82,314		1,000	83,314
Endowmentfunds
Capital held in buildings		and investments	1,591,192	21,684		1,612,876
TOTAL FUNDS			1,768,216	2,317		1,770,533

Net moveme	nt in fu	nds,	ind	ud	ed in the above	are as follows:
						Incoming	Resources	Gains and	Movement
						resources	expended	losses	in funds
								F	8
Unrestdcted	funds
General unrestricted		fund				111,382	(130,749)		(19,367)
Endowment	funds
Capital held	in buildings		and	investments			(4,722)	26,406	21,684
TOTAL FUNDS						111,382	(135,471)	26,406	2,317
Comparatives for		movement			in funds
							Net	Transfers
							movement	between	At
						At 1.1.22	in funds	funds	31.12.22
						5	8	8
Unrestricted	funds
General unrestricted		fund				88,842	6,648	(780)	94,710
Restricted funds
Extraordinary	repair	fund				81,534		780	82,314
Endowmentfunds
Capital held	in buildings		and	investments		1,750,842	(159,650)		1,591,192
TOTALFUNDS						1,921,218	(153,002)		1,768,216
Comparative	net movement			in	funds, induded	in the above are as follows:
						Incoming	Resources	Gains and	Movement
						resources	expended	losses	in funds
						5	8	8
Unrestricted	funds
General unrestdcted		fund				110,320	(103,672)		6,648
Endowment	funds
Capital held	in buildings		and	investments			(9,641)	(150,009)	(159,650)
TOTAL FUNDS						110,320	(113,313)	(150,009)	(153,002)

		f	orthe Year Ended 31stDece	mber 2023
				2023	2022
INCOME AND ENDOWMENTS
Investment income
Listed investment income Bank interest				46,896 (1)	43,656 89
				46.895	43,747
Charitable activities
Maintenance charges				64,487	66,573
Total incoming resources				111,382	110,320
EXPENDITURE
Investment management		costs
Investment manager fees				9,007	9,641
Charitable activities
Property management Council tax and water Insurance Light and heat Postage and stationery	fees			2,868 4,157 3,284 13,298	3,321 2,853 10,882 103
Gifts to residents Building repairs and modemisation TV licence				1,750 51,228 75	1,200 9,571 418
Subscriptions Website Grants to institutions				233 223 38,000	222 69 57,650
				115,116	86,289
Support costs
Finance
Bad debts				369
Bank charges				128	163
				497
Governance costs
Independent examiner Clerk's fees	fees - independent		exam	1,698 9,153	1,620 15,600
				10.851	17,220
Totalresources expended				135,471	113,313
Netexpenditure				(24,089)	(2,993)