| Trustees | Mr G Norman - Council Representative | |
|---|---|---|
| Mrs S Kerridge- Council Representative | ||
| Mr C Alien | ||
| Mrs L Clay | ||
| Mrs E Dos Santos - Council Representative | ||
| Mr L Fallen | ||
| Mr J Lee | ||
| Mr D Murfitt | ||
| Mrs V Padgett | ||
| Mr D Porter | ||
| Mr C Webber - Council Representative | ||
| D Gardiner | (Appointed 24 January 2024) | |
| Clerk | Mrs S Walker | |
| Charity number | 202116 | |
| (England and Wales) | ||
| Registered office | Feoffees Hall | |
| 28 City Road | ||
| Littteport | ||
| Ely | ||
| Cambridgeshire | ||
| CB61NG | ||
| Independent | Whitings LLP | |
| examiner | ||
| George Court | ||
| Bartholomew's Walk | ||
| Ely | ||
| Cambridgeshire | ||
| CB7 4JW |
| Page | |
|---|---|
| Trustees' report | 1 -3 |
| Statement of trustees' responsibilities | 4 |
| Independent examiner's report | 5 |
| Statement of financial activities | 6 |
| Statement of financial position | 7 |
| Notes to the financial statements | 8- 18 |
| Unrestricted Unrestricted | Unrestricted Unrestricted | ||
|---|---|---|---|
| funds funds | |||
| 2024 2023 | |||
| Notes | £ £ | ||
| Income and endowments from: | |||
| Charitable activities | 2 | 101,818 | 97,333 |
| Investments | 3 | 30,325 | 36,104 |
| Other income | 4 | 34,552 | 34,914 |
| Total income | 166,695 | 168,351 | |
| Expenditure on: | |||
| Charitable activities | 5 | 243,718 | 159,516 |
| Total expenditure | 243,718 | 159,516 | |
| Net gains/(losses) on investments | 7 | (1,067) | (40,384) |
| Net expenditure and movement in funds | (78,090) | (31,549) | |
| Reconciliation of funds: | |||
| Fund balances at 1 April 2023 | 4,869,866 4,901,415 | ||
| Fund balances at 31 March 2024 | 4,791,776 | 4,869,866 |
| 2024 | 2023 | 2023 | ||
|---|---|---|---|---|
| Notes | £ £ | £ | £ | |
| Fixed assets | ||||
| Property, plant and equipment | 9 | 2,783,471 | 2,812,463 | |
| Investment property | 10 | 1,683,000 | 1,683,000 | |
| Investments | 11 | 322,385 | 338,900 | |
| 4,788,856 | 4,834,363 | |||
| Current assets | ||||
| Trade and other receivables | 12 | 18,995 | 10,107 | |
| Cash at bank and in hand | 84,997 | 107,880 | ||
| 103,992 | 117,987 | |||
| Current liabilities | ||||
| Borrowings | 13 | 10,149 | 10,149 | |
| Taxation and social security | 129 | |||
| Other payables | 14 | 35,490 | 6,900 | |
| Deferred income | 16 | 670 | 670 | |
| 46,438 | 17,719 | |||
| Net current assets | 57,554 | 100,268 | ||
| Total assets less current liabilities | 4,846,410 | 4,934,631 | ||
| Non-current liabilities | ||||
| Borrowings | 13 | 54,634 | 64,765 | |
| (54,634) | (64,765) | |||
| Net assets | 4,791,776 | 4,869,866 | ||
| The funds of the charity | ||||
| Unrestricted funds | 18 | 4,791,776 | 4,869,866 | |
| 4,791,776 | 4,869,866 |
| Unrestricted Unrestricted | |
|---|---|
| funds funds | |
| 2024 2023 | |
| £ £ | |
| Almhouse activities | 99,890 94,332 |
| Feofees Hall income | 1,408 3,001 |
| Miscellaneouse income | 35 |
| Donations | 485 |
| 101,818 97,333 |
| Unrestricted Unrestricted | |
|---|---|
| funds funds | |
| 2024 2023 | |
| £ £ | |
| Rental income | 25,935 32,910 |
| Interest receivable | 4,390 3,194 |
| 30,325 36,104 |
| Unrestricted Unrestricted | |
|---|---|
| funds funds | |
| 2024 2023 | |
| £ £ | |
| Net gain on disposal of investments | 34,552 34,914 |
| Expenditure on charitable activities | |||||
|---|---|---|---|---|---|
| Management | Cost of | Grants | Interest | Total | |
| costs | sales | payable | payable | ||
| 2024 | 2024 | 2024 | 2024 | 2024 | |
| £ | £ | £ | £ | £ | |
| Direct costs | |||||
| Staff costs | 8,420 | 8,420 | |||
| Advertising | 238 | 238 | |||
| Feofees Hall expenses | 25,420 | 25,420 | |||
| Postage, stationery and telephone | 1,607 | 1,607 | |||
| Professional fees | 1,125 | 1,125 | |||
| Sundries | 2,097 | 2,097 | |||
| Call Care | 7,283 | 7,283 | |||
| Town Hall depreciation | 470 | 470 | |||
| Freehold Almshouses depredation | 28,522 | 28,522 | |||
| Almshouses - normal maintenance | 20,278 | 20,278 | |||
| Atmshouses - exceptional repairs | 82,892 | 82,892 | |||
| Amshouses - Water and sewarage | 9,047 | 9,047 | |||
| Almshouses - heating and lighting | 42,093 | 42,093 | |||
| Almshouses- insurance | 4,156 | 4,156 | |||
| Almshouses - rates on void properties | 1,501 | 1,501 | |||
| Interest | 1,895 | 1,895 | |||
| 67,899 | 167,250 | 1,895 | 237,044 | ||
| Grants paid | 4,341 | 4,341 | |||
| Independent Examination fee | 2,333 | 2,333 | |||
| 70,232 | 167,250 | 4,341 | 1,895 | 243,718 | |
| Analysis by fund | |||||
| Unrestricted funds - general | 70,232 | 167,250 | 4,341 | 1,895 | 243,718 |
| 5 | Expenditure on charitable activities | (Continued) | ||||
|---|---|---|---|---|---|---|
| Previous year: | Management | Cost of | Grants | Interest Total | ||
| costs | sales | payable | payable | |||
| 2023 | 2023 | 2023 | 2023 2023 | |||
| £ | £ | £ | £ £ | |||
| Direct costs | ||||||
| Staff costs | 9,248 | 9,248 | ||||
| Advertising | 363 | 363 | ||||
| Feofees Hall expenses | 8,320 | 8,320 | ||||
| Postage, stationery and telephone | 1,628 | 1,628 | ||||
| Professional fees | 5,823 | 5,823 | ||||
| Sundries | 1,033 | 1,033 | ||||
| Call Care | 6,473 | 6,473 | ||||
| Town Hall depreciation | 470 | 470 | ||||
| Freehold Almshouses depreciation | 28,522 | 28,522 | ||||
| Office equipment depredation | 195 | 195 | ||||
| Almshouses - normal maintenance | 14,013 | 14,013 | ||||
| Almshouses - exceptional repairs | 18,068 | 18,068 | ||||
| Amshouses - Water and sewarage | 7,356 | 7,356 | ||||
| Almshouses - heating and lighting | 40,962 | 40,962 | ||||
| Almshouses-insurance | 3,665 | 3,665 | ||||
| Almshouses - rates on void properties | 2,999 | 2,999 | ||||
| Interest | 1,913 1,913 | |||||
| 55,602 | 93,536 | 1,913 151,051 | ||||
| Grants paid | 6,715 | 6,715 | ||||
| Independent examination fee | 1,750 | 1,750 | ||||
| 57,352 | 93,536 | 6,715 | 1,913 | 159,516 | ||
| Analysis by fund | ||||||
| Unrestricted funds - general | 57,352 | 93,536 | 6,715 | 1,913 159,516 | ||
| 6 | Grants payable | |||||
| Grants | Grants | |||||
| payable | payable | |||||
| 2024 | 2023 | |||||
| £ | £ | |||||
| Education grants | 2,376 | 3,785 | ||||
| Social welfare grants | 1,965 | 2,930 |
| Unrestricted Unrestricted | Unrestricted Unrestricted | |
|---|---|---|
| funds | funds | |
| 2024 | 2023 | |
| Gains/(tosses) arising on: | £ | £ |
| Revaluation of investments | (1,067) | (40,384) |
| Property, plant and equipment | |||
|---|---|---|---|
| Freehold land | Computers | Total | |
| and buildings | |||
| £ | £ | £ | |
| Cost or valuation | |||
| At 1 April 2023 | 2,899,224 | 975 | 2,900,199 |
| At 31 March 2024 | 2,899,224 | 975 | 2,900,199 |
| Depredation and impairment | |||
| At 1 April 2023 | 86,761 | 975 | 87,736 |
| Depreciation charged in the year | 28,992 | 28,992 | |
| At 31 March 2024 | 115,753 | 975 | 116,728 |
| Carrying amount | |||
| At 31 March 2024 | 2,783,471 | 2,783,471 | |
| At 31 March 2023 | 2,812,463 | 2,812,463 |
| rade and other receivables | ||
|---|---|---|
| 2024 | 2023 | |
| Amounts falling due within one year: | £ | £ |
| Trade receivables | 16,732 | 7,457 |
| Prepayments and accrued income | 2,263 | 2,650 |
| 18,995 | 10,107 | |
| orrowings | ||
| 2024 | 2023 | |
| £ | £ | |
| Bank loans | 64,783 | 74,914 |
| Payable within one year | 10,149 | 10,149 |
| Payable after one year | 54,634 | 64,765 |
| 14 | Other creditors falling due within one year | |||
|---|---|---|---|---|
| 2024 | 2023 | |||
| £ | £ | |||
| Trade payables | 24,976 | 896 | ||
| Accruals and deferred income | 10,514 | 6,004 | ||
| 35,490 | 6,900 | |||
| 15 | Non-current liabilities | |||
| 2024 | 2023 | |||
| Notes | £ | £ | ||
| Bank loans | 13 | 54,634 | 64,765 | |
| Bank loan interest is payable at 14.125%. The loan is repayable by instalments until | 2047 and is | |||
| secured against 4 of the properties. The amount repayable after 5 years 1s £8,785. | ||||
| 16 | Deferred income |
| eferred income | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Other deferred income | 670 | 670 |
| Deferred income is included in the financial statements as follows: | ||
| 2024 | 2023 | |
| £ | £ | |
| Deferred income is included within: | ||
| Current liabilities | 670 | 670 |
| There were no movements in the year. |
| At 1 April 2023 £ |
Incoming resources £ |
Resources expended£ |
Gains and At 31 March losses £ 2024 £ |
Gains and At 31 March losses £ 2024 £ |
|
|---|---|---|---|---|---|
| Extraordinary Repairs Fund | 207,700 | (82,892) | 124,808 | ||
| Freehold Property Capital Fund | 56,000 | 56,000 | |||
| Land Capital Fund | 1,683,000 | 1,683,000 | |||
| Freehold Property Capital Fund | 2,841,455 | 2,841,455 | |||
| General funds | 81,711 | 166,695 | (160,826) | (1,067) | 86,513 |
| 4,869,866 | 166,695 | (243,718) | (1,067) 4,791,776 |
| nrestricted funds | (Continued) | |||
|---|---|---|---|---|
| Previous year: | At 1 April | Incoming | Resources | Gains and At 31 March |
| 2022 | resources | expended | losses 2023 | |
| £ | £ | £ | £ £ | |
| Extraordinary Repairs Fund | 224,000 | (16,300) | 207,700 | |
| Freehold Property Capital Fund | 56,000 | 56,000 | ||
| Land Capital Fund | 1,683,000 | 1,683,000 | ||
| Freehold Property Capital Fund | 2,841,455 | 2,841,455 | ||
| General funds | 96,960 | 168,351 | (143,216) | (40,384) 81,711 |
| 4,901,415 | 168,351 | (159,516) | (40,384) 4,869,866 |