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|---|---|---|---|
|Trustees'|annual<br>report||1to 5|
|Independent<br>auditor's||report to the members|6to9|
|Statement|of financial|activities|10|
|Statement|of financial|position||
|Notes tc the financial statements|||12to 24|





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||||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<br>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<br>on|raising funds:|||||||||
|Costs of raising||||||||||
|donations|and|||||||||
|legacies|||6|8,494||||81494|9,954|
|Expenditure<br>on||||||||||
|charitable<br>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<br>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|





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|||||31 Nlar|23||30Sep 21|
|---|---|---|---|---|---|---|---|
||||Note|9||||
|Fixed assets||||||||
|Tangible<br>fixed assets<br>Heritage assets<br>Investments|||16<br>17<br>18||592,244<br>205,741<br>9,888,895||600,638<br>158,991<br>6,845,698|
||||||10,686,880||7,605,327|
|Current assets<br>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<br>one year|falling|due after more than|22|||53,350|55,000|
|Net assets|||||10,884,002||7,858,013|
|Funds ofthe charity<br>Endowment<br>funds|||||10,349,472||7,262,552|
|Restricted funds<br>Unrestricted<br>funds||||||126,138<br>408,392|121,536<br>473,925|
|Total charity funds|||||10,884,002||7,858,013|





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||||||Unrestricted|Total|Funds|Unrestricted|Total|Funds|
|---|---|---|---|---|---|---|---|---|---|---|
||||||Funds||2023|Funds||2021|
|Other|income|from|charitable|activities|7,789||7,789|6,371||6,371|



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|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<br>Almshouses<br>Support costs||||411,860<br>58,225<br>55,926|411,860<br>58,225<br>55,926|123,923<br>28,280<br>25,522|123,923<br>28,280<br>25,522|
|||||526,011|526,011|177,725|177,725|



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|Expenditure<br>on cha|ritable|activities|||||
|---|---|---|---|---|---|---|
|||Activities|||||
|||undertaken|Grant funding||Total funds|Total fund|
|||directly|of activities Support costs||2023|2021|
|Townlands<br>Almshouses<br>Governance<br>costs||196,474<br>58,225|215,386<br>—|23,000<br>25,796<br>7,130|2<br>434,860<br>84,021<br>7,130|140,471<br>33,434<br>3,820|
|||254,699|215,386|55,926|526&011|177,725|
|Analysis of support|costs||||||
||||Townslands|Almshouses|Total 2023|Total 2021|
|General office<br>Finance costs<br>Other establishment<br>Other costs<br>Legal and professional<br>Insurance|fees||6,134<br>110<br>7,062<br>5,918<br>10,906|689<br>25,107|2<br>6,823<br>110<br>7,062<br>5,918<br>10,906<br>25,107|4,381<br>80<br>2,865<br>8,925<br>5,032<br>4,239|
||||30,130|25,796|55,926|25,522|





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|10.|Period from 1 October 2<br> 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|





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|Staff co|sts|||||
|---|---|---|---|---|---|
|The total|staff costs and|employee|benefits for the reporting|period are analysed<br>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|



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|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<br>amount||||
|At 31 March 2023|592,244||592,244|
|At 30September<br>2021|600,638||600,638|



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|Investments||||
|---|---|---|---|
||Investment|Other||
||properties<br>8|investments<br>8|Total<br>2|
|Cost or valuation<br>At 1 October 2021<br>Additions<br>Fair value movements|5,352,173<br>3,079,236|1,493,525<br>4,000<br>(40,039)|6,845,698<br>4,000<br>3,039,197|
|At 31 March 2023|8,431,409|1,457,486|9,888,895|
|Impairment<br>At 1 October 2021 and 31 March 2023||||
|Carrying<br>amount<br>At 31 March 2023|8,431,409|1,457,486|9,888,895|
|At 30September<br>2021|5,352,173|1,493,525|6,845,698|





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|18.|Great Torrington<br>Almshouse,<br>Town and Lands Charity<br>Notes to the Financial Statements<br>(continued)<br>Period from 1 October 2021 to 31 March 2023<br> Investments<br>(conernved)<br>Investment<br>properties|Great Torrington<br>Almshouse,<br>Town and Lands Charity<br>Notes to the Financial Statements<br>(continued)<br>Period from 1 October 2021 to 31 March 2023<br> Investments<br>(conernved)<br>Investment<br>properties|Great Torrington<br>Almshouse,<br>Town and Lands Charity<br>Notes to the Financial Statements<br>(continued)<br>Period from 1 October 2021 to 31 March 2023<br> Investments<br>(conernved)<br>Investment<br>properties|Great Torrington<br>Almshouse,<br>Town and Lands Charity<br>Notes to the Financial Statements<br>(continued)<br>Period from 1 October 2021 to 31 March 2023<br> Investments<br>(conernved)<br>Investment<br>properties|Great Torrington<br>Almshouse,<br>Town and Lands Charity<br>Notes to the Financial Statements<br>(continued)<br>Period from 1 October 2021 to 31 March 2023<br> Investments<br>(conernved)<br>Investment<br>properties|Great Torrington<br>Almshouse,<br>Town and Lands Charity<br>Notes to the Financial Statements<br>(continued)<br>Period from 1 October 2021 to 31 March 2023<br> Investments<br>(conernved)<br>Investment<br>properties|Great Torrington<br>Almshouse,<br>Town and Lands Charity<br>Notes to the Financial Statements<br>(continued)<br>Period from 1 October 2021 to 31 March 2023<br> Investments<br>(conernved)<br>Investment<br>properties|Great Torrington<br>Almshouse,<br>Town and Lands Charity<br>Notes to the Financial Statements<br>(continued)<br>Period from 1 October 2021 to 31 March 2023<br> Investments<br>(conernved)<br>Investment<br>properties|Great Torrington<br>Almshouse,<br>Town and Lands Charity<br>Notes to the Financial Statements<br>(continued)<br>Period from 1 October 2021 to 31 March 2023<br> Investments<br>(conernved)<br>Investment<br>properties|Great Torrington<br>Almshouse,<br>Town and Lands Charity<br>Notes to the Financial Statements<br>(continued)<br>Period from 1 October 2021 to 31 March 2023<br> Investments<br>(conernved)<br>Investment<br>properties|Great Torrington<br>Almshouse,<br>Town and Lands Charity<br>Notes to the Financial Statements<br>(continued)<br>Period from 1 October 2021 to 31 March 2023<br> Investments<br>(conernved)<br>Investment<br>properties|Great Torrington<br>Almshouse,<br>Town and Lands Charity<br>Notes to the Financial Statements<br>(continued)<br>Period from 1 October 2021 to 31 March 2023<br> Investments<br>(conernved)<br>Investment<br>properties|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||The investments<br>properties<br>for both the Town Lands and Almshouse<br>charities<br>were valued<br>by<br>Adrian<br>Hardwick<br>MNAEA<br>and<br>countersigned<br>by Peter<br>McHugh<br>FRICS from Webbers<br>Estate<br>Agents<br>in the year. The historical cost of these properties as a group<br>is unknown,<br>therefore the<br>historic cost ofthese investments<br>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<br>Amount released <br>Amount<br>deferred|to income<br>in period|||||||55,000<br>(1,650)|||55,000|
||At 31 Mar 23||||||||53,350|||55,000|



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|Unrestricted<br>funds||||||
|---|---|---|---|---|---|
|Fixed Assets fund<br>General Funds|At<br>1 Oct 2021<br>2<br>240,638<br>233,287|Income<br>2<br>472,940|Expenditure<br>(8,394)<br>(526,111)|Transfers<br>(4,000)|Gains and<br>At<br>losses 31 Mar 2023<br>2<br>2<br>232,244<br>32<br>176,148|
||473,925|472,940|(534,505)|(4,000)|32<br>3,530,378|
|Fixed Assets fund<br>General<br>Funds|At<br>1 Oct 2020<br>246,234<br>276,693|Income<br>2<br>333,787|Expenditure<br>6<br>(5,596)<br>(182,083)|Transfers<br>(195,110)|Gams and<br>At<br>losses 30Sep 2021<br>2<br>240,638<br>233,287|
||522,927|333,787|(187,679)|(195,110)|473,925|



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|Restrictedfunds|||||||
|---|---|---|---|---|---|---|
||At<br>1 Oct 2021<br>2|Income|Expenditure<br>2|Transfers|Gains and<br>At<br>losses 31 Mar 2023<br>2<br>2||
|Almshouse-|||||||
|Extraordinary<br>Repair Fund|121,536|||4,000|602|126,138|
||At<br>1 Oct 2020|Income<br>2|Expenditure<br>2|Transfers<br>2|Gains and<br>At<br>losses 30Sep 2021<br>2||
|Almshouse-|||||||
|Extraordinary<br>Repair Fund|100,875|||4,000|16,661|121,536|





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|Endoment<br>funds|||||||
|---|---|---|---|---|---|---|
|w<br>|At<br>1 Oct 2021|Income|Expenditure|Transfers|Gains and<br>At<br>losses 31 Mar 2023||
||2||||||
|Town Lands-|||||||
|Endowed<br>Investment<br>Fund|5,599,342||||2,132,760|7,732,102|
|Town Lands-|||||||
|Endowed<br>Historic<br>Property<br>Fund|158,991||||46,750|205,741|
|Almshouses-<br>Investment<br>Fund|151,368||||(4,739)|f461629|
|Almshouses—|||||||
|Investment<br>Propert Fund|992,851||||912,149|1,905,000|
|Almshouses-<br>Property<br>Fund|360,000|||||360,000|
||7,262,552||||3086920|10349472|
||At<br>1 Oct 2020|Income|Expenditure|Transfers<br>2|Gains and<br>At<br>losses 30Sep 2021<br>6||
|Town Lands-|||||||
|Endowed<br>Investment<br>Fund|5,264,771|||191,110|143,461|5,599,342|
|Town Lands-|||||||
|Endowed<br>Historic<br>Property<br>Fund|158,991|||||158,991|
|Almshouses-<br>Investment<br>Fund|133,906||||17,462|151368|
|Almshouses-|||||||
|Investment<br>Propert Fund|992,851|||||992,851|
|Almshouses-<br>Property<br>Fund|360,000|||||360,000|
||6,910,519|||191,110|160,923|7,262,552|





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|Analysis of net asset|s between f|unds||||
|---|---|---|---|---|---|
|||Unrestricted<br>Funds|Restdcted<br>Funds|Endowment<br>Funds|Total Funds<br>2023|
|Tangible fixed assets<br>Heritage assets<br>Investments<br>Current assets<br>Creditors less than<br>1 year<br>Creditors greater than<br>1 year||2<br>232,244<br>237,660<br>(8,162)<br>(53,350)|126,138|360,000<br>205,741<br>9762757<br>20,974|2<br>592,244<br>205,741<br>9,888,895<br>258,634<br>(8,162)<br>(53,350)|
|Net assets||408392|126138|10,349,472|1D,884,0D2|
|||Unrestricted<br>Funds|Restricted<br>Funds|Endowment<br>Funds|Total Funds<br>2021|
|Tangible fixed assets<br>Heritage assets<br>investments<br>Current assets||2<br>240,638<br>233,287|2<br>121,536|2<br>360,000<br>158,991<br>6,724, 160<br>19,401|2<br>600,638<br>158,991<br>6,845,696<br>252,688|
|Creditors less than<br>1|year|||||
|Creditors greater than|1 year|||||
|Net assets||473,925|121,536|7,262,552|7,858,013|



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|<br><br>Formally<br>known as Great Torrington<br>Al<br>Charity Number 202802 202801<br>The Town Lands And Poors Charities<br>Income and expenditure<br>account<br>Forthe period ended 31stMarch 2023|mshouse,<br>Town Lan|ds and Poors C|harities||
|---|---|---|---|---|
||Period ended||||
||31 March 2023||2021||
|Income<br>Rents received<br>Garage rents<br>Field rents|310,366<br>1,726<br>2 007|314,099|227,192<br>1,151<br>1,097|229,440|
|Other Income<br>COIF income<br>Other income|41,835<br>5 242|47,077|26,874<br>7.850|28,732|
|||361,176||200 772|
|Expenditure<br>Property maintenance<br>Insurance|114,708<br>8,494|123,202|23,537<br>9,954|33,491|
|Grants|||||
|St Michaels Church<br>Plough<br>Arts Centre<br>Public purposes<br>Education<br>Sick and aged distribution<br>Other Charities|48,585<br>15,000<br>38,669<br>27,650<br>85,482|215,386|5,000<br>5,002<br>12,000<br>14,075<br>7.59'I|43,668|
|Other overheads|||||
|Bad debt<br>Depreciation<br>property<br>equipment<br>Light and heat<br>Office costs<br>Professional fees<br>Salaries<br>Stationery,<br>postage & office equipment<br>Steward's<br>Expenses<br>(Travelling)<br>Sundries<br>Telephone<br>Utilities for empty properties|8,394<br>2,486<br>2,687<br>7,341<br>59,644<br>24<br>5,710<br>1,817<br>2,582|90,685|5,596<br>1,168<br>1,572<br>7,324<br>41,900<br>299<br>4,351<br>806<br>310|63,326|
|Total Expenses||429,273||140,485|
|(Deficit)/Surplus<br>for the year||60,0||,607|





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|<br><br>Formally known as Great Torrington<br>Al<br>Charity Number 202802 202801<br>The Almshouse<br>Charity<br>Income and expenditure<br>account<br>Forthe period ended 31st March 2023|mshouse,<br>Town Lan|ds and Po|ors C|harities||
|---|---|---|---|---|---|
||Period ended|||||
||31 March 2023|||2021||
|Income<br>Rents received<br>COIF income<br>Field rents<br>Other income|101,955<br>5,662<br>1,600<br>2,547|111,764||65,465<br>3,637<br>2,000<br>4,513|75,615|
|Expenditure<br>Almshouse<br>association<br>Empty property costs<br>Insurance<br>IT Licence/Service<br>Agreements|383<br>17,554<br>25,107<br>1,776|||11,777<br>4,239<br>250<br>528||
|Light and heat<br>Office costs<br>Other costs<br>Professional fees<br>Property maintenance<br>- Almshouses<br>Salaries<br>Stationery/Postage<br>&photocopies<br>Steward's<br>Travelling<br>&expenses<br>Sundry expenses<br>(TV licence 8 training)<br>Telephone|64<br>602<br>4,066<br>28,553<br>25,562<br>597<br>6<br>184<br>778|105,232||86<br>1,983<br>1,793<br>7,420<br>17,957<br>317<br>844|47,194|
|(Deficit)/Surplus<br>for the year||e.|8||28,421|