2023-06-30-accounts

Year ended 30Jun	e 2023
		Page
Chartity Particulars
Governors' Annual Report		3to4
Statement of Governors'	Responsibilities
Auditor's Report to Governors		6 to 7
Statement of Financial	Activities
Balance Sheet
Notes to the Accounts		10 to 17

Governors:	Governors:		The Lord Bishop	of	Ely
			The Dean of Ely
			The Archdeacon	of	Huntingdon		&Wisbech
			D J Brand —Chairman
			Mrs A Broadhurst
			R F Clasby —Vice Chairman
			J Henry (appointed		14/10/2022)
			Mrs S M Lindsay
			A A D Morbey R0 Setchell —Treasurer
			M D Stubblns (resigned			5/10/23)
			A Turpin (appointed		14/10/2022)
Superintendent:			J Moore
Receivers:			Messrs Cheffins
Clerk:			Mrs R Hughes
Correspondence		Address:	34 Ward Way
			Witchford
			Ely
			Cambs
			CB62JR
Principal	Bankers:		Barclays Bank pic
Auditors:			Price Bailey LLP
			Chartered Accountants			and Statutory		Auditors
			Tennyson House
			Cambridge Business Park
			Cambndge
			CB4 OWZ
Charity	number:		202634

			Unrestricted	Permanent	2023	2022
			Funds	Endowment	Total	Total
		Note
Income from:
Investments			276,491	14000	290,491	246,753
Charitable activities			110,916		110,916	97,280
Total income			3875407	14,000	401,407	344,033
Expenditure on:
Raising funds			63,247	12,673	75,920	79,275
Charitable activities			212,179	36,744	248,923	231,276
Total expenditure			275,426	49,417	324,843	310,551
Net gains I (losses)	on investments			71,535	71,535	(123,568)
Net surplus on revaluation		of property		435,000	435,000	1,000,000
Net income for the year
being net movement in funds			111,981	471,118	583,099	909,914
Reconciliation offunds:
Total funds brought	forward		1,034,089	12,221,191	13,255,280	12,345,366
Total funds carried	forward		1,146,070	12,692,309	13,838,379	13,255,280

At 30June 2023
				2023	2022
		Note
Fixed Assets
Tangible Fixed Assets		7	2,249,335		2,208,163
Investments - property Investments -shares		8 9	8,875,000 2,241,923	13,366,258	8,390,000 2,170,388	12,768,551
Current Assets
Debtors		10	14,984		97,021
Cash at bank		11	500, 149		473,800
			515,133		570,821
Current Liabilities
Creditors (amounts	falling due
within 1 year)		12	43,012		84,092
Net Current Assets				472,121		486,729
Net Assets				13,838,379		13,255,280
Funds ofthe Charity		14
Unrestricted funds				1,146,070		1,034,089
Permanent endowment				12,692,309		12,221,191
				13,838,379		13,255,280

Year ended 30June		2	0	23
								2023	2022
2. Income from Investments
Unrestricted funds
Rental income								202,468	181,936
Dividends from COIF income				units				64,943	64,061
Interest from cash deposits								9,080	756
								276,491	246,753
Permanent endowment
Proceeds of the grant ofan			option			to purchase	land	2,000
Option buyer's contribution			towards			legal costs		12,000
								14,000
3. Income from Charitable				Activities
Contributions by almshouses'				residents				110,916	97,280
All relate to unrestricted		funds			in	both years
4. Cost of Raising Funds
Investment management		costs:
Unrestricted funds
Land expenses								612	1,904
House expenses								24,925	2,836
Allotment rent, maintenance,				legal		fees &water		2,984	25,170
Receiver's fees and expenses								22,225	34,508
Insurance								12,501	14,857
								63,247	79,275
Permanent endowment
Legal costs in granting option								12,673
5. Charitable Activities
Unrestricted funds
Almshouses —utilities and		repairs						127,485	106,899
Grants (note 6)
To institutions								30,935	36,000
To individuals								7,938	5,323
Support and governance	costs
Salaries								25,233	21,500
Pension contributions								678	645
Clerk's fees								6,014	17,172
Legal 8 consultancy fees								624	9,684
IT equipment, software		&	support					5,153
Auditor's remuneration								5,080	2,600
Other expenses								3,039	4,258
								212,179	204,081
Permanent endowment
Almshouses —depreciation			of buildings					36,744	27,195

6. Grants									2023	2022
Grants to institutions;
Ely Museum Education Fund	—to provide			courses		for	local	schools	6,500	5,000
Happy Days —towards disabled Friends of St Johns Community		children's Primary	theatre trip School —towards					IT equipment	700 10,000
Centre 33 - Counselling and other support for young people St Mary's Church, Ely —towards building transformation protect LuvEly —Social club for friendship & support EARTH —to support charitable operation									5,000	3,000 25,000 1,000 2,000
Ely Tennis Club —Equipment and special needs persons	&	coaching		for	disabled,		disadvantaged		3,735
Highfield Friends —towards	IT equipment			for Highfield			Academy
(school for pupils with special		educational			needs)				5,000 30,935	36,000
Grants to individuals:									7,938	5,323
Number of indwiduals to whom		grants were made							5	11
7. Tangible Fixed Assets
										Land and
										Buildings
Cost:
At 1"JUIY 2022										2,235,358
Expenditure during the year										77,916
At 30' June 2023										2,313,274
Depreciation: At 1' July 2022 Charge for the year										27,195 36,744
At 30' June 2023										63,939
Net Book Value:
At 30 June 2022										2,208, 163
At 30 June 2023										2,249,335

8. Investments -property
	At Valuation
Current Year
At 1 July 2022	8,390,000
Revaluation	435,000
Expenditure	50,000
At 30June 2023	8,875,000
Prior Year
At 1 July 2021	7,390,000
Revaluation	1,000,000
At 30 June 2022	8,390,000

								Open
							Cost	Market Valuation
						2023	2022	2023	2022
At 1 July 2022						1,413,958	1,413,958	2,170,388	2,293,956
Increase / (decrease)			in market value					71,535	(123,568)
At 30June	2023					1,413,958	1,413,958	2,241,923	2,170,388
								2023	2022
Investments	at fair market			value comprise.
COIF Charities		Investment		Fund income	units			2,241,923	2,170,388
10.Debtors
Prepayments		and accrued		income				5,898	6,308
Proceeds from 2018			land	sale					64,800
Rent in arrears								9,086	25,913
								14,984	97,021

Year ended 3	0June	2023
						2023	2022
11.Cash at Bank
Bank current account						36,005	50,551
Deposit accounts						464,144	423,249
						500,149	473,800
12.Creditors
Rents received in	advance	(deferred	income note 13)			31,510	23,350
New development Other creditors 8	expenditure accruals					11,502	48,302 12,440
						43,012	84,092
13.Deferred Income
At 1 July 2022						23,350	27,881
Amount released	to Statement of Financial			Activities		(23,350)	(27,881)
Amounts deferred	in year					31,510	23,350
At 30June 2023						31,510	23,350
14. Fund Reconciliation
						Revaluation &	Balance at
Current Year		Balance	at			Investment	30June
		1 July 2022		Income	Expenditure	Losses	2023
Permanent Endowment		12,221,191		14,000	(49,417)	506,535	12,692,309
Unrestricted Fund		1,034,089		387,407	(275,426)		1,146,070
		13,255,280		401,407	(324,843)	506,535	13,838,379
							Balance at
Prior Year		Balance	at			Investment	30June
		1 July 2021		Income	Expenditure	Gains	2022
Permanent Endowment		11,371,954			(27,195)	876,432	12,221,191
Unrestdcted Fund		973,412		344,033	(283,356)		1,034,089
		12,345,366		344,033	(310,551)	876,432	13,255,280

15.Analy	sis of Net Assets between F	unds
		Unrestricted	Permanent
		Funds	Endowment	Total
2023
Tangible	Fixed Assets		2,249,335	2,249,335
Investments		558,218	10,558,705	11,116,923
Debtors		14,984		14,984
Bank		615,880	(115,731)	500,149
Creditors		(43,012)		(43,012)
Tata I Net	Assets	1,146,070	12,692,309	13,838,379
		Unrestricted	Permanent
2022		Funds	Endowment	Total
Tangible	Fixed Assets		2,208,163	2,208,163
Investments		558,218	10,002,170	10,560,388
Debtors		32,221	64,800	97,021
Bank		479,439	(5,639)	473,800
Creditors		(35,789)	(48,303)	(84,092)
Total Net	Assets	1,034,089	12,221,191	13,255,280

receive		recei	pts as follows:
				2023	2022
Investment			properties
Within	1	year		116,183	140,120
Between		1 and 5 years		325 278	441,461
In more		than	5 years
				441 461	581 581