| Pages | |||
|---|---|---|---|
| Trustees' | annual report |
1to 5 | |
| Independent auditor's |
report to the members | 6to9 | |
| Statement | of financial | activities | 10 |
| Statement | of financial | position | |
| Notes tc the financial statements | 12to 24 |
| Period | from 1 Octob | er 2021 to | 3 | 1 March | 2023 | ||||
|---|---|---|---|---|---|---|---|---|---|
| Year to | |||||||||
| Period | from 1 Oct | 21 | to 31 Mar | 23 | 30Sep 21 | ||||
| Unrestricted | Restricted | Endowment | |||||||
| funds | funds | funds | Total funds | Total funds | |||||
| Note | 2 | 2 | 2 | 2 | |||||
| Income and endowments | |||||||||
| Investment income |
4 | 465,151 | 465,151 | 327,416 | |||||
| Other income | 5 | 7,789 | 7,789 | 6,371 | |||||
| Total income | 472,940 | 472,940 | 333,787 | ||||||
| Expend tture | |||||||||
| Expenditure on |
raising funds: | ||||||||
| Costs of raising | |||||||||
| donations | and | ||||||||
| legacies | 6 | 8,494 | 81494 | 9,954 | |||||
| Expenditure on |
|||||||||
| charitable activities |
7,8 | 526,011 | 526,011 | 177,725 | |||||
| Total expenditure | 534,505 | 534,505 | 187,679 | ||||||
| Net gains on | |||||||||
| investments | 11 | (32) | (602) | (3,086,920) | (3,087,554) | (177,584) | |||
| Net income | (61,533) | 602 | 3,086,920 | 3,025,989 | 323,692 | ||||
| Transfers between |
funds | (4,000) | 4,000 | ||||||
| Net movement | in funds | 65,533 | 4,602 | 3,086,920 | 3,025,989 | 323,692 | |||
| Reconciliation | offunds | ||||||||
| Total funds brought | forward | 473,925 | 121,536 | 7,262,552 | 7,858,013 | 7,534,321 | |||
| Total funds carried | forward | 408,392 | 126,138 | 10,349,472 | 10,884,002 | 7,858,013 |
| 31 Nlar | 23 | 30Sep 21 | |||||
|---|---|---|---|---|---|---|---|
| Note | 9 | ||||||
| Fixed assets | |||||||
| Tangible fixed assets Heritage assets Investments |
16 17 18 |
592,244 205,741 9,888,895 |
600,638 158,991 6,845,698 |
||||
| 10,686,880 | 7,605,327 | ||||||
| Current assets Debtors |
19 | 14,960 | 17,523 | ||||
| Investments | 20 | 1i729 | 122 | ||||
| Cash at bank and in liand | 241,945 | 297,472 | |||||
| 258,634 | 315,117 | ||||||
| Creditors: amounts | falling | due within one year | 21 | 8,162 | 7,431 | ||
| Net current assets | 250,472 | 307,686 | |||||
| Total assets less current | liabiliTies | 10,937,352 | 7,913,013 | ||||
| Creditors: amounts one year |
falling | due after more than | 22 | 53,350 | 55,000 | ||
| Net assets | 10,884,002 | 7,858,013 | |||||
| Funds ofthe charity Endowment funds |
10,349,472 | 7,262,552 | |||||
| Restricted funds Unrestricted funds |
126,138 408,392 |
121,536 473,925 |
|||||
| Total charity funds | 10,884,002 | 7,858,013 |
| Unrestricted | Total | Funds | Unrestricted | Total | Funds | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Funds | 2023 | Funds | 2021 | |||||||
| Other | income | from | charitable | activities | 7,789 | 7,789 | 6,371 | 6,371 |
| Costs of ra | ising donati | ons | and legac | ies | |||
|---|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2023 | Funds | 2021 | ||||
| Investment | management | costs | 8,494 | 8,494 | 9,954 | 9,954 | |
| Expenditure | on charitable | activities | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2023 | Funds | 2021 | ||||
| Townlands Almshouses Support costs |
411,860 58,225 55,926 |
411,860 58,225 55,926 |
123,923 28,280 25,522 |
123,923 28,280 25,522 |
|||
| 526,011 | 526,011 | 177,725 | 177,725 |
| Expenditure on cha |
ritable | activities | ||||
|---|---|---|---|---|---|---|
| Activities | ||||||
| undertaken | Grant funding | Total funds | Total fund | |||
| directly | of activities Support costs | 2023 | 2021 | |||
| Townlands Almshouses Governance costs |
196,474 58,225 |
215,386 — |
23,000 25,796 7,130 |
2 434,860 84,021 7,130 |
140,471 33,434 3,820 |
|
| 254,699 | 215,386 | 55,926 | 526&011 | 177,725 | ||
| Analysis of support | costs | |||||
| Townslands | Almshouses | Total 2023 | Total 2021 | |||
| General office Finance costs Other establishment Other costs Legal and professional Insurance |
fees | 6,134 110 7,062 5,918 10,906 |
689 25,107 |
2 6,823 110 7,062 5,918 10,906 25,107 |
4,381 80 2,865 8,925 5,032 4,239 |
|
| 30,130 | 25,796 | 55,926 | 25,522 |
| 10. | Period from 1 October 2 Analysis ofgrants |
021 to 31 March 2023 | |
|---|---|---|---|
| Period from | |||
| 1 Oct 21 to | Year to | ||
| 31 Mar 23 | 30Sep 21 | ||
| 9 | |||
| Grants to institutions | |||
| Grants to institutions | 129,904 | 36,077 | |
| Total grants | 129,904 | 36,077 | |
| 11. | Net gains on investments |
| 11. | Net gain | s on | investme | nts | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrest | acted | Restricted | Endowment | Total Funds | |||||||
| Funds | Funds | Funds | 2023 | ||||||||
| 2 | 2 | ||||||||||
| Gains/(losses) | on investment | property | 3,125,986 | 3,125,986 | |||||||
| Gains/(losses) | on investment | assets | 32 | 602 | (39,066) | (38,432) | |||||
| 602 | 3,086,920 | 3,087,554 | |||||||||
| Unrestricted | Restricted | Endowment | Total Funds | ||||||||
| Funds | Funds | Funds | 2021 | ||||||||
| 2 | |||||||||||
| Gains/(losses) | on investment | property | |||||||||
| Gains/(losses) | on investment | assets | 16,661 | 160,923 | 177,584 | ||||||
| 16,661 | 160,923 | 177,584 | |||||||||
| 12. | Net income | ||||||||||
| Net income is | stated after charging/(crediting): | ||||||||||
| 31 Mar 23 | 30Sep 21 | ||||||||||
| 2 | |||||||||||
| Depreciation | of tangible | fixed | assets | 8,394 | 5,596 | ||||||
| 13. | Auditors | remuneration | |||||||||
| Period from | |||||||||||
| 1 Oct 21to | Year to | ||||||||||
| 31 Mar 23 | 30Sep 21 | ||||||||||
| 2 | 2 | ||||||||||
| Fees payable | for the audit of | the financial | statements | 3,565 | 1,910 |
| Staff co | sts | ||||
|---|---|---|---|---|---|
| The total | staff costs and | employee | benefits for the reporting | period are analysed as |
follows: |
| Period from | |||||
| 1 Oct 21 to | Year to | ||||
| 31 Mar 23 | 30Sep 21 | ||||
| Wages and salaries | 82,905 | 58,635 | |||
| Social security costs | 146 | ||||
| Employer | contributions | to pension | plans | 2,301 | 1,076 |
| 85,206 | 59,857 |
| Tangible fixed assets | |||
|---|---|---|---|
| Land and | |||
| buildings | Equipment | Total | |
| Cost | |||
| At 1 October 2021 and 31 March 2023 | 639,810 | 25,339 | 6655149 |
| Depreciation | |||
| At 1 October 2021 | 39,172 | 25,339 | 64,511 |
| Charge for the period | 8,394 | 8,394 | |
| At 31 March 2023 | 47,566 | 25,339 | 72,905 |
| Carrying amount |
|||
| At 31 March 2023 | 592,244 | 592,244 | |
| At 30September 2021 |
600,638 | 600,638 |
| Investments | |||
|---|---|---|---|
| Investment | Other | ||
| properties 8 |
investments 8 |
Total 2 |
|
| Cost or valuation At 1 October 2021 Additions Fair value movements |
5,352,173 3,079,236 |
1,493,525 4,000 (40,039) |
6,845,698 4,000 3,039,197 |
| At 31 March 2023 | 8,431,409 | 1,457,486 | 9,888,895 |
| Impairment At 1 October 2021 and 31 March 2023 |
|||
| Carrying amount At 31 March 2023 |
8,431,409 | 1,457,486 | 9,888,895 |
| At 30September 2021 |
5,352,173 | 1,493,525 | 6,845,698 |
| 18. | Great Torrington Almshouse, Town and Lands Charity Notes to the Financial Statements (continued) Period from 1 October 2021 to 31 March 2023 Investments (conernved) Investment properties |
Great Torrington Almshouse, Town and Lands Charity Notes to the Financial Statements (continued) Period from 1 October 2021 to 31 March 2023 Investments (conernved) Investment properties |
Great Torrington Almshouse, Town and Lands Charity Notes to the Financial Statements (continued) Period from 1 October 2021 to 31 March 2023 Investments (conernved) Investment properties |
Great Torrington Almshouse, Town and Lands Charity Notes to the Financial Statements (continued) Period from 1 October 2021 to 31 March 2023 Investments (conernved) Investment properties |
Great Torrington Almshouse, Town and Lands Charity Notes to the Financial Statements (continued) Period from 1 October 2021 to 31 March 2023 Investments (conernved) Investment properties |
Great Torrington Almshouse, Town and Lands Charity Notes to the Financial Statements (continued) Period from 1 October 2021 to 31 March 2023 Investments (conernved) Investment properties |
Great Torrington Almshouse, Town and Lands Charity Notes to the Financial Statements (continued) Period from 1 October 2021 to 31 March 2023 Investments (conernved) Investment properties |
Great Torrington Almshouse, Town and Lands Charity Notes to the Financial Statements (continued) Period from 1 October 2021 to 31 March 2023 Investments (conernved) Investment properties |
Great Torrington Almshouse, Town and Lands Charity Notes to the Financial Statements (continued) Period from 1 October 2021 to 31 March 2023 Investments (conernved) Investment properties |
Great Torrington Almshouse, Town and Lands Charity Notes to the Financial Statements (continued) Period from 1 October 2021 to 31 March 2023 Investments (conernved) Investment properties |
Great Torrington Almshouse, Town and Lands Charity Notes to the Financial Statements (continued) Period from 1 October 2021 to 31 March 2023 Investments (conernved) Investment properties |
Great Torrington Almshouse, Town and Lands Charity Notes to the Financial Statements (continued) Period from 1 October 2021 to 31 March 2023 Investments (conernved) Investment properties |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| The investments properties for both the Town Lands and Almshouse charities were valued by Adrian Hardwick MNAEA and countersigned by Peter McHugh FRICS from Webbers Estate Agents in the year. The historical cost of these properties as a group is unknown, therefore the historic cost ofthese investments cannot be provided. |
||||||||||||
| 19. | Debtors | |||||||||||
| 31 Mar 23 | 30Sep21 | |||||||||||
| 2 | ||||||||||||
| Other debtors | 14,960 | 17,523 | ||||||||||
| 20. | Investments | |||||||||||
| 31 Mar 23 | 30 | Sep 21 | ||||||||||
| 6 | ||||||||||||
| COLA Investments | 1,729 | 122 | ||||||||||
| 21. | Creditors: amounts | falling | due within one year | |||||||||
| 31 Mar 23 | 30Sep 21 | |||||||||||
| Other creditors | 8,162 | 7,431 | ||||||||||
| 22. | Creditors: amounts | falling | due after more than one year | |||||||||
| 31 Mar 23 | 30Sep 21 | |||||||||||
| 2 | ||||||||||||
| Accruals and deferred | income | 53,350 | 55,000 | |||||||||
| 23. | Deferred income | |||||||||||
| 31 Mar 23 | 30Sep 21 | |||||||||||
| At 1 Oct 21 Amount released Amount deferred |
to income in period |
55,000 (1,650) |
55,000 | |||||||||
| At 31 Mar 23 | 53,350 | 55,000 |
| Unrestricted funds |
|||||
|---|---|---|---|---|---|
| Fixed Assets fund General Funds |
At 1 Oct 2021 2 240,638 233,287 |
Income 2 472,940 |
Expenditure (8,394) (526,111) |
Transfers (4,000) |
Gains and At losses 31 Mar 2023 2 2 232,244 32 176,148 |
| 473,925 | 472,940 | (534,505) | (4,000) | 32 3,530,378 |
|
| Fixed Assets fund General Funds |
At 1 Oct 2020 246,234 276,693 |
Income 2 333,787 |
Expenditure 6 (5,596) (182,083) |
Transfers (195,110) |
Gams and At losses 30Sep 2021 2 240,638 233,287 |
| 522,927 | 333,787 | (187,679) | (195,110) | 473,925 |
| Restrictedfunds | ||||||
|---|---|---|---|---|---|---|
| At 1 Oct 2021 2 |
Income | Expenditure 2 |
Transfers | Gains and At losses 31 Mar 2023 2 2 |
||
| Almshouse- | ||||||
| Extraordinary Repair Fund |
121,536 | 4,000 | 602 | 126,138 | ||
| At 1 Oct 2020 |
Income 2 |
Expenditure 2 |
Transfers 2 |
Gains and At losses 30Sep 2021 2 |
||
| Almshouse- | ||||||
| Extraordinary Repair Fund |
100,875 | 4,000 | 16,661 | 121,536 |
| Endoment funds |
||||||
|---|---|---|---|---|---|---|
| w |
At 1 Oct 2021 |
Income | Expenditure | Transfers | Gains and At losses 31 Mar 2023 |
|
| 2 | ||||||
| Town Lands- | ||||||
| Endowed Investment Fund |
5,599,342 | 2,132,760 | 7,732,102 | |||
| Town Lands- | ||||||
| Endowed Historic Property Fund |
158,991 | 46,750 | 205,741 | |||
| Almshouses- Investment Fund |
151,368 | (4,739) | f461629 | |||
| Almshouses— | ||||||
| Investment Propert Fund |
992,851 | 912,149 | 1,905,000 | |||
| Almshouses- Property Fund |
360,000 | 360,000 | ||||
| 7,262,552 | 3086920 | 10349472 | ||||
| At 1 Oct 2020 |
Income | Expenditure | Transfers 2 |
Gains and At losses 30Sep 2021 6 |
||
| Town Lands- | ||||||
| Endowed Investment Fund |
5,264,771 | 191,110 | 143,461 | 5,599,342 | ||
| Town Lands- | ||||||
| Endowed Historic Property Fund |
158,991 | 158,991 | ||||
| Almshouses- Investment Fund |
133,906 | 17,462 | 151368 | |||
| Almshouses- | ||||||
| Investment Propert Fund |
992,851 | 992,851 | ||||
| Almshouses- Property Fund |
360,000 | 360,000 | ||||
| 6,910,519 | 191,110 | 160,923 | 7,262,552 |
| Analysis of net asset | s between f | unds | |||
|---|---|---|---|---|---|
| Unrestricted Funds |
Restdcted Funds |
Endowment Funds |
Total Funds 2023 |
||
| Tangible fixed assets Heritage assets Investments Current assets Creditors less than 1 year Creditors greater than 1 year |
2 232,244 237,660 (8,162) (53,350) |
126,138 | 360,000 205,741 9762757 20,974 |
2 592,244 205,741 9,888,895 258,634 (8,162) (53,350) |
|
| Net assets | 408392 | 126138 | 10,349,472 | 1D,884,0D2 | |
| Unrestricted Funds |
Restricted Funds |
Endowment Funds |
Total Funds 2021 |
||
| Tangible fixed assets Heritage assets investments Current assets |
2 240,638 233,287 |
2 121,536 |
2 360,000 158,991 6,724, 160 19,401 |
2 600,638 158,991 6,845,696 252,688 |
|
| Creditors less than 1 |
year | ||||
| Creditors greater than | 1 year | ||||
| Net assets | 473,925 | 121,536 | 7,262,552 | 7,858,013 |
Formally known as Great Torrington Al Charity Number 202802 202801 The Town Lands And Poors Charities Income and expenditure account Forthe period ended 31stMarch 2023 |
mshouse, Town Lan |
ds and Poors C | harities | |
|---|---|---|---|---|
| Period ended | ||||
| 31 March 2023 | 2021 | |||
| Income Rents received Garage rents Field rents |
310,366 1,726 2 007 |
314,099 | 227,192 1,151 1,097 |
229,440 |
| Other Income COIF income Other income |
41,835 5 242 |
47,077 | 26,874 7.850 |
28,732 |
| 361,176 | 200 772 | |||
| Expenditure Property maintenance Insurance |
114,708 8,494 |
123,202 | 23,537 9,954 |
33,491 |
| Grants | ||||
| St Michaels Church Plough Arts Centre Public purposes Education Sick and aged distribution Other Charities |
48,585 15,000 38,669 27,650 85,482 |
215,386 | 5,000 5,002 12,000 14,075 7.59'I |
43,668 |
| Other overheads | ||||
| Bad debt Depreciation property equipment Light and heat Office costs Professional fees Salaries Stationery, postage & office equipment Steward's Expenses (Travelling) Sundries Telephone Utilities for empty properties |
8,394 2,486 2,687 7,341 59,644 24 5,710 1,817 2,582 |
90,685 | 5,596 1,168 1,572 7,324 41,900 299 4,351 806 310 |
63,326 |
| Total Expenses | 429,273 | 140,485 | ||
| (Deficit)/Surplus for the year |
60,0 | ,607 |
Formally known as Great Torrington Al Charity Number 202802 202801 The Almshouse Charity Income and expenditure account Forthe period ended 31st March 2023 |
mshouse, Town Lan |
ds and Po | ors C | harities | |
|---|---|---|---|---|---|
| Period ended | |||||
| 31 March 2023 | 2021 | ||||
| Income Rents received COIF income Field rents Other income |
101,955 5,662 1,600 2,547 |
111,764 | 65,465 3,637 2,000 4,513 |
75,615 | |
| Expenditure Almshouse association Empty property costs Insurance IT Licence/Service Agreements |
383 17,554 25,107 1,776 |
11,777 4,239 250 528 |
|||
| Light and heat Office costs Other costs Professional fees Property maintenance - Almshouses Salaries Stationery/Postage &photocopies Steward's Travelling &expenses Sundry expenses (TV licence 8 training) Telephone |
64 602 4,066 28,553 25,562 597 6 184 778 |
105,232 | 86 1,983 1,793 7,420 17,957 317 844 |
47,194 | |
| (Deficit)/Surplus for the year |
e. | 8 | 28,421 |