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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|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|
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|||||||||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 ÷nds||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|