||||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|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)|