2023-03-31-accounts

Charity registration	number	202155
Principal office and	registered	The Coach House
office		Chantry
		Loddis well
		Nr Kingsbridge
		Devon
		TQ7 4EH
The Trustees		Mr RC Oliver
		Mr ECKeast FRICS (retired)
		Mr M Copleston
		Mr A Warland
		Mr JEBurrows

Statement ofFin 31 March 2023	ancial Position
			2023	2022
		Note	6	8
Fixed assets
Tangible fixed assets Investments		13 14	1,350,000 1,239,026	1,500,000 1,272,115
			2,589,026	2,772,115
Current assets
Debtors		15	1,400	1,200
Cash at bank and in	hand		227,123	31,328
			228,523	32,528
Creditors: amounts	falling due within one year	16	8,259	9,053
Net current assets			220,264	23,475
Total assets less current liabilities			2,809,290	2,795,590
Net assets			2,809,290	2,795,590
Funds ofthe charity Endowment fund			2,634,656	2,680,649
Unrestricted funds			174,634	114,941
Total charity funds		17	2,809,290	2,795,590

Charitable a	ctivities
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2023	Funds	2022
			E	E	F
Income from	charitable	activities	94,574	94,574	87,876	87,876
Investment	income
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2023	Funds	2022
				E		E
Rents received			480	480	11,440	11,440
Interest and	dividends	from investment
portfolio			39,137	39,137	33,593	33,593
Deposit account interest			261	261	6	6
			39,878	39,878	45,039	45,039

Expendi	ture	on	c	harit	able activities by fu	nd type
						Unrestricted	Endowment	Total	Funds
						Funds	Fund		2023
						E	E		E
Direct charitable			activities			45,255			45,255
Support	costs					16,510			16,510
						61,765			61,765
						Unrestricted	Endowment	Total Funds
						Funds	Fund f		2022 E
Direct charitable			activities			125,996		125,996
Support	costs					14,823			14,823
						140,819		140,819
Support	costs consist entirely ofgovernance					costs for both 2023 and	2022 and comprise:
							2023		2022
							E		E
Trustees	expenses								173
Trustees	indemnity			insurance			381		381
Almshouse		Association			membership		333		309
Accountancy							3,450		2,880
Professional		fees					12,346		11,080
Total							16,510		14,823

angible fixed assets
		Fixtures,
	Freehold	Fittings and
	property	Equipment	Total
	6		8
At valuation
At 1 April 2022	1.500,000		1,500,000
Additions
Disposals	(150,000)		(150,000)
At 31 March 2023	1,350,000		1,350,000
Depreciation
At 1 April 2022
Charge for the year
At 31 March 2023
Carrying amount
At 31 March 2023	1,350,000		1,350,000
At 31 March 2022	1,500,000		1,500,000

At market value		Total
		6
At 1 April 2022		1,272,115
Additions		159,171
Disposal proceeds		(97,277)
Realised gains/(losses)	for the year	6,483
Unrealised gains/(losses)	for the year	(65,013)
Portfolio Bank account movements		(36,364)
Accrued income adjustment		(89)
At 31 March 2023		1,239,026

18	.Analysis	ofnet a	ss	ets betw	ee	n funds
											Unrestdicted		Endowment	Total Funds
												Funds	Fund	2023
												8	f	8
	Tangible	fixed assets											1,350,000	1,350,000
	Investments												1,239,026	1,239,026
	Current assets										182,893		45,630	228,523
	Creditors	less than	1	year								(8,259)		(8,259)
	Net assets										174,634		2,634,656	2,809,290
											Unrestricted		Restricted	Total Funds
												Funds E	Funds F	2022 f
	Tangible	fixed assets											1,500,000	1,500,000
	Investments											91,466	1,180,649	1,272,115
	Current assets											32,528		32,528
	Creditors	less than	1	year								(9,053)		(9,053)
	Net assets										114,941		2,680,649	2,795,590
19.	Financial	instruments
	The carrying amount			for each	category of		financial		instrument			is as follows:
													2023	2022
													E	8
	Financial	assets that are debt instruments						measured			at	amortised	cost
	Financial	assets that		are debt	instruments		measured			at	amortised
	cost												1,400	1,200
	Financial	liabilities		measured		at amortised		cost
	Financial	liabilities	measured		at amortised		cost						8,259	9,053

								2023 6	2022f
Income and endowments
Charitable activities
Maintenance payments			received					94,574	87,876
Investment income
Rents received re investment					property		&basement	480	11,440
Interest &dividends		from		investment			portfolio	39,137	33,593
Deposit account interest								261	6
								39,878	45,039
Total income								134,452	132,915
Expenditure on charitable					activities
Costs of running the		Trust		Home:
Rates and water								3,701	6,820
Insurance								4,852	4,515
Light and heat								1,147	2,021
Gardening								8,285	8,214
Repairs and redecoration				of	Trust	Home		22,020	100,226
Other charitable activities:
Electricity support payments					to residents			5,250	4,200
Total								45,255	125,996
Governance costs
Trustees expenses									173
Trustees indemnity	insurance							381	381
Almshouse Association			membership					333	309
Accountancy								3,450	2,880
Professional fees								12,346	11,080
Total								16,510	14,823
Other expenditure
Investment porffolio		management				fees		10,889	11,192
Rent collection costs		re	investment			property			1,315
Investment property		repairs			&expenses			1,848	3,939
Other expenses								257
Total								12,994	16,446