GLYMYfoN ALMSHOUSES TRUST Reglstered Charity Number: 203244 ACCOUNTS YEAR ENDED 31 DECEMBER 2023
GLYMPTON ALMSHOUSES TRUST ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 INDEX Legal gnd A¢knini$ttBti D¢tails TrLtees. Report Indepelldent Exatnin¢r'$ Rwn Ststement of Fitwicial Aeiiviti¢s Balall ShKt Notes to the AccouThts 9-13
GLYMvfoN ALMSHOUSES TRUST ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 LEGAL AND ADMINISTRATIVE DETAILS Charlty Name: Glympton AJm5bou5C5 Trust Reglstered Charlty No: 203244 o Estate OfFKe GlyJWOn WoodstLk OKfor(L5biT¢ OX20 IAH Tru#tees: Ch8trnD Seeretsry Mr. BenWilsoD {appointed as Ch8Trman 6 March 2024) Mts. Sally Bro¢ Lt. Col. PeteT BroiAw¢ Ir¢tiT¢d as Chaiml 6 March 2024) Mr. Sandy Douglas Rev. Slepben Jones (t¢sigry¢d 30 May 20231 R¢v. DT John Rcader lappoijjted 30 May 2023, dted l Octokr20" M. Joart Moss Ire52gnrd 4 March 2024} Kat¢ Harri5 (appoin*d l Jatt¥ary2024) PROFLSSIONAL ADVISERS Bkers. Th¢ C{]Ve Bank POBoxlOI l BallTh)n Street Martchester M60 4EP Ind¢pelld¢nt Ex#llthi¢r: Mr. David Hards ACA Colesboume Consulting Limited 9 Glyrnptoll W(MJdsl(Kk Oxfordshire OX20 IAL
GLYMPTON ALMSHOUSES TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 HlJtOry? obJeetlve& and adMtI¢$ Th¢ ctiaTitabk th551 was c51abb.sl1 on 16 Jutt¢ 1952 by the wting orth¢ fteeknold title to apprwimat¢lyone- tlurd of an arre of land upon which the four apattsnellts colleLtively know) os Alan Good House. or Glyrnpton mshouses. weTe builc Th¢ TrEt 15 responsible for their maititctwjce and adTninistraiÉon. The"Scheme" was updstsd oft 18 Etb¢r200l, as approved bytb¢ charitycomrni55i0nS. The obj'ects of the charity 8r¢: the provision ofhousinE o¢¢0]Tunodation for the benefciaries: and charitable purposes for the benefit of th¢ T¢sidetkts a5 the tyu5tee5 decide. (b) Ma1m¢t governance arrgngenwits The Sctlcmc Prowdes that there shall be on¢ ¢x officio. ¢Jne nominated and five cwpted try5t¢¢5. The ex offjcio tru5t¢¢ will be the tncumbent of the B¢n¢fjc¢ of Wootton with GlyThptott alld Kiddillgton, unless heJ5he is nwilliug to 3¢t, in which case thiy appoirttmeni will r¢main vacant until the office holder Is replaced. Th ttomiTtyt¢d twstec tnust be appoinied by the GlyJllptoD P8rish Meeting, with each ap1¢m¢1 b¢ing for a Period of four&T5. Th¢ cwpted trustee5 must be 2ppointedbyth¢ ¢ru5tee5 in sp%ial meeting. The ChaTityCo]nmis510neTS Scheme d&ted 18 Drmb¢r 2001 specified the of the cwpt¢d tyu5t¢¢5 (not cxceeding fouryeats) appoirtted at thst time, with e8¢h #ppoinlmerrtthereafter bell o tentt of four ye8Th. At tbcir fwst ordiw mcetitts e4cb y¢ the It$¢etE MSt ¢lE¢t of theirnumber to be Chairnjatt. No trust¢¢ ran bave atlypersonal intsresL itt the thity. The trustees must hold st le&st two ordinary mc¢titLgs in each hvelve mottth period. Th¢ ¢baiTman, or any two trusiees maycall a special m¢¢tinE at any li. No business may be tsawacted At a un1¢55 three tfU51ees arepresent. and all thisiotss are ]]J#d¢bya majority vote. Th¢ i5 frspoDsible forthe inductiott of w truste¢. The tru5te¢5 identifyrisks to which tk ¢hNrity mrybepoSed. includin8 risks toth¢ chtty'S financial p0511ion. The5¢ are kept UndreView9nd systems estknlisheil to Iddress any si8nifJc4nt risks idetLtifie(L The trustets set Dut brlowhcid olTicc durin8 the whole of the wi¢d from l Jamwy 2023 to the date of this repor4 ¢ss oth¢nwis¢ st4t¢d. Clgtrma MT. B¢n Wilsffl {appointedas Chainuw 6 March 2024) Secretsry Mts. Sally Browjc LL Col. Peter Brown¢ {retiT¢d as ChaiFDWL 6 March 2024) Mr. SBDdy Douglas Rcv. Stephen Jones Itesigned 30 May 2023) R¢v. Dr John Rcader{appointed 30 May 2023, al l Octobw2023) Mrs. Joan Mo$$ {resign¢d 4 March 2024} Mt5. Kat¢ Harris (appointed l JaLwary2024) Copted Ctropted Ctrr4Jied COpted C0P1ed Ex.OffJcio Nomitsated Ctropkd
GLYMPTON ALMSHOUSES TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Achl¢vemeRts and p¢rfoTmXDte Flat4 wa5 Void fot th¢ first ¢wo montlL8 of thB ycaTJ Jfterthe departu of Melinda atsi$iEn¥¢n 8t the end of Novemb¢r2022. Siobhth Greggon moved intothe flat on 13tM&rch but gave her twtite in November and moved obt on 7th Fcbruary. 2024. Glynis Re¢5. a 70 yeorold 5PLllSter. still wothDg in the sector, and a long temi resid¢Lt of Wootton. has been appointed a5 a beneficiary and rnoved into the fialth effect frojn 15th April. 2024. The othet three fiats hav¢T¢maIn LKwied tbrtsugbout the year. Double Bla2 windows of the satll¢ d¢sign as the ¢xisting l¢thd w&ndows wer¢ installed ift Flat 4 IJJ S¢ptember 2023 at a ¢ostof £9,360. It LS IElteJMkd to i0sth]l themin Flat I dwing2024 And to complete thepro8rrnc with Flat 2 iti 2025. Th¢tru5tees set aWe¢kly Mainterw?ce Char8¢ (WMQ for 2023 of £179.76 per weeK including a service8 ¢l¢tn¢nt of £57.91 cov¢ring ttje costof cetttsxl h¢ating oil. water ands¢w¢rag¢. and th¢ cornn area ele£trittty hBrg¢5. based on a budg¢t of102.63p per litr¢ for heating oil. In th¢ cven( the cost of oil wa5 5ignifE¢th]dy low¢r during th¢ywthts hRd been eXPted and, CollsequeDy, the tte¢s[¢duced the services el¢meni of the WMC to £53.96 p¢rweek in April and to £37.44 per we¢k ID July. The trÉ$tees have seta WMC for 2024 of £178.27 per week. includithB a 5eTViC¢5 element of£49.59. based on bud8et e05t of central heatin8 oil of 79.51p p¢rlitre. irtcluding VAT. Th¢ ffiteeS will COlltinu¢ tok¢ep the cost of oil and electririty underr¢view attd will adjustthe tafr of WMC if neeessary. Flnottdal revlew. lllvestmetttpollcy and reservés The nct sutplus beftt th¢ utLreali8ed d¢fi¢it on investment& £6,913 (2022 -£8,780). The increase IJJ the ork¢l value of invesbn¢nts for the yea[ £2,541 {2022- d¢¢Te&5¢ of £3.3321. whith wa5 all traosfened to the Investment Revaluation Reserve. At the end of the fjnattcial yearthe Trust's thtal f$ caLed foThvard were £163,471 {2022- £154018). Thc tOJ5tce5 Teco8til5e th¢ need to set aside r¢5¢rve5 for future 3[tener1C¢ of the Almthouscs. Tothis end the 5t¢¢5 are setting &%id¢ Such ftlnds eVeryar, as they feel abk The adequwof th¢ l¢v¢l of these reBee$ •tsd the ch8rity's reserve poli¢y ar¢ monitored by th¢ tru5tee5 annually. It ts th¢¢h4Fity'5 policy to XttV¢$l Bny surplus in s¢cure inveswts su¢h as the Natiots A$3wi&tiotL of Ajmshow Charity's Jnv&%ttnBnt Fuods and its Natiorthl Savwgs a¢cowJL
GLYMPTON ALMSHOUSES TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 ststenwit of tryge¢s' r¢spott¥lbllltle5 ChATity lawt¢qutyts the to Prepare aceounts for fiTwJcial yearleh show a trlle and fair view of the Ètaie of affaits of the rbaTityand its financi8] aciiviti¢s for thatperiod. In prepariD8 those COts. th¢ tntsttts are required to.. select Suitable accwitingp)licie$ ond thcn applythem coL8istethtly, - make judgements and estimate$ that aT¢ rea80nable and prud•)4 stat¢ whether applicable accoukting standyrd5 and statements of rec1mnd¢d PWtir¢ hav¢b¢¢n followed. subject to any dcparbjres disclosed and up1ald in the accounts" and - prepare the accounts on the goin8 coJK¢rn basi5 unle55 it is Iappr[lateto pruum¢ tha¢ th¢ charitywill ontinu¢ in operational existert¢e The ISte¢S are responsible fork¢¢pitig PTop¢raccounting records wbi¢h diwlos¢ with reasonable aceuracy at 8ny time ttle finallcial position of the chaiity and to ¢Dable them 10 ensure that Ibe s¢¢i)unt5 Cotnply with the Chatitie$ Act 2011, the appltcable Chatitie5 (AOnts and Reports) Regulation4 and tk provisions of the twstdeed. They XT¢ gjso T¢Sponsible forsafeguordill8 the 4ss¢ts of the charity attd ILence fortskittBr¢a8onable Steps forthe pr¢v¢ntion awj dct¢¢tionof fraud and 0ther1rr¢gc5. IndependentEx•mlner Followryng the Housingcorporation's corksent the charity's deregi$tration in 2Tr)S, th¢ Tt¢eS decided to disP¢n5e with the nee(8ttd expense. of an Rudit Instead they obtaitt an itidepend¢nt ex4mination of the fmancial stal¢uMt& The currcni Jndepelldettt EXa]ller15 Mr. DavidHards of Colesbou¥lle Cousultiug Limited SI¢d on bEha]f of the knJsees I: 202Jl Ch&imMtt
INDEPENDEPIT EXAMINER'S REPORT TO THE TRUSTEES OF GLYMPTON ALMSHOUSFS TRUST ON THE ACCOUNTS FOR THE YEAR EI¥DED 31 DECEMBER 2023 I r¢port on th¢ acwwlts of the Tht for th¢ y¢or ¢TLded 31 Decenther2023. which are s¢touton p9ges I to 16. Respeetlve responslbllllks oftru$tr¢i •nd examlner The charity's trustees att resptsn5ibl¢ for the preparation ofthe ace4)UTJts. They CODsider that èn 8udit is not rcqu2red forthis ye4ruttder s¢d2on 14412} of the Charities AcL2011 (th¢ 2011 Act) and thai SD independ¢llt ¢AirninatiOll IS Deeded. It is Iny K5POll5ibi1sty to.. eN8mine the accounts under sectiott 145 of the 2011 Act,. followthe provduT¢S laid dowj in theGeneta] Dir¢thioDs given by the Charkty COtmISsI¢)n undersection 145(51(b) of the 2011 Act. and state whetherp8tti¢ularTnatters Ie corneto my att¢rtiion. Bath of IndepeteAlCr,S report My examination was caTri¢d out in accordance with Gettal Directions given by the Clwtty Commi&8ion. Atl examination include5 a vi¢ of th¢ accounting rerdS kept by th¢ charity and a Comparison of th¢ aG¢owits presented with those re¢oTd5. Ita150 includes considetstiort of any unusual items ordisc105ures in the ¥wwits, and seeking explanations fivm the tr¢¢¢s Collcemillg attysllth rn#tt¢r5. Thc prc¢edures u]]dertakd0 not provid¢ all the ¢vid¢nce thatwould be r4UiTed ill auditand conseouent]y Jjo opioion is given a5 towhetherthe ac¢oLmts PFcs¢nt a'lNe and fair vie. athd the report 15 limited to those matter8 Set out ID the statement below. Independent ex8mkner'J ststewent Jn thecourse of myexaminthon, no Jllalter tLL8 come to my frtt¢rttion'. which gives m¢ wsonablc uSt to believe thai ill aYterial t¢specL therequirements.. to ke¢p accounting record8 in accor11¢¢ with section 130 of the 2011 Act., and to pr¢par¢ accounts which t¢cord with th¢ accounting records attd ¢omplywith th¢ accounting requirewts of th¢ 2011 Act,. bav¢ not b¢¢ll m¢L or (2) trt whi¢h, in my opiniow 8ttentioll shouldbe drawl order to enabl¢ 8 prop¢rundeTstsndstLg of the •¢¢IKmts to br ¢ed. Signed.. JK 6<rH rfAW Mr. David Hards ACA forand on beh8Jf of Col&sEourn¢ Consulting Ltlted 9 GlyllN Wwd5tocL OX20 IAL
GLYMIryON ALMSHOUSES TRUST STATEMENf OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 ttrestrlcted Endab ndowrne 2022 IncDme tn¢om¢ from: Charitsble A¢tivities I#ve51w¢llt Inwm¢ TO1 Income 36.4 36,400 30,581 41 18 4] l8 dl ctable Activities 33.629 776 33,629 776 34A05 25,336 739 26,075 Tot81 Expenditsre N¢¢ lts¢om¢ b¢fore other recognlsed galns 12 6,913 6,913 8.780 UnreAbsed $UTplus l (drfi¢it} OL InvesttntS Ntt movem¢llt ID f•ts 8&ll 2.510 30 2,540 (3,332) 9423 5.4M8 Totsl fiJnd5 brought forward 152219 1,799 154,018 148.570 Totsl fuDdB eArrled foThxrd 161 163 471 154 018
GLYMPTON ALMSHOUSES TRUST BALANCE SHEET AS AT 31 DECEMBER 2023 endabl Endowmtnt Fund re 2023 FIXED ASSETS T8Thwble Fixed Asgets 12,506 123 325 135 831 12.506 12,962 125 154 116 143 137 660 129 105 cuRREr ASSETS Debtors 1.873 26.828 28,701 1,873 26.828 2&701 1288 25.001 26.289 Cash atb8nk and in h8nd CREDITORS: de Tthln om ye•T io 12,890) {2,89)1 11,3761 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILtTIES 161.642 1.829 163.471 154.018 CREDITORS: fallln% due aftsr one yuy io NET ASSETS 163471 154018 FUNDS OF THE CHARITY Investtneni Revllluhtion R¢5erv¢ D¢5igllat¢d maint¢[Ce Reserve Income & ExpenditUTe Account Expendable Endowment ReseThe 29.958 IIX),451 31233 711 30,669 IQO.451 31233 1.118 28.129 94.811 29,960 12 12 12 1.118 TOTAL FUNDS 163 471 154 018 2D Thcse acctyjnts werc appmved by theTrllstees and Sil¢d on the¥r a]f by. Signed= Signed.. Chairn?an Secretary
GLYMPTON ALMSHOUSES TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 l Basls of pr¢parattoo Bgsls of acfountlBg These accounts ar¢ prepared foll¢Jwingtbe historic cost conventÉon {except that tnvestttkn¢s w¢ 41 mark¢¢ valu¢l in 2ccorthnc¢ with AGcourtttng Reporting by Charitics.. Statementof Rccommended Practice applicable to charities pr¢paring tb¢ir a¢WUDts in acGOrd8[e with th¢ Fitwjcial Reporttng Stsndard applicable in the UKattd Rcpublic ofEte]attd IFRS 1021, with FRS 102 ond with th¢ T¢quir¢ments of thc Charities Act 2011. Change In basts of accoulldn8 There h48 b¢¢n no change to the accountmg policies (valuation ru1&5 8lld tt)¢thoth of a¢¢oulltiDg) sin¢¢18st y. Cb#Dges to pr¢vlow5 #ccoullts No cbang¢5 hav¢ b¢¢n to thc accounts figure5 f4xprevÈou5 ye4rs. 2 Acwundng pojlcks INCOME Recognldon of Sncome Th¢5¢ ar¢ itL¢lud¢d wth¢ Ststrm¢tr of Fina181 Activities (SOFA) when.. the charity becojnes eniid¢d 10 the r¢sour¢¢s,' the trustees are vittrally ¢ert8iD tlwwill r¢c¢iv¢ the WSOUTe¢$; aE th¢ monetary value can be naSredwIth $utfi¢ient r¢JiabiJity. ILeome wlth related exptndltu Where incom¢ has Telaied cxpcndKture {as wryth fimdTaisinB orcotthct iticojnel th¢ incom¢ attd ¢xp¢nditvre •T¢ r¢ported gr05s ill th¢ SOFA. GT*Dts donatlons Gr4nts atLd (knJJliot15 ouly iDrludcd irl thc SOFA whcn the charityhas utwonditienal entitlement Éo the income. retli£m$ doJvJtioo #Md gifts Income from t&x r#laims aTe ithcluded in tbe SOFA At thc sjmc tirne th¢ Biftto whi¢htheyrelat CoDtrAttual Income and perfornioxce relsted grAnts Thi5 i5 olliy includcd in the SOFA once the related 80018 or seThitts have been deiiver¢d. Glfts klnd Giftg in kirtd are aecounted for at a Ttasotsabl¢ ¢stimat¢ of theirvaJu¢ to the charity orthe amount acthally realised. GÈfts 2 kind for sale or distributioll are includd irl th¢ acvounts as gifts only wllcn sold or distributed by the Charity. Gilts ID kind for usc by the charityare included in tbe &>FA 0$ iorne wh¢n r¢c¢ivabl¢. Donated 8trvl¢es fhtllltlti Th¢s¢ ar¢ only in¢lud¢d iu inc¢)] (with an equivalent amount itl expendibjrel wherethe benefitto thetharity is reasonably quantifiable, theasunble aod material. Thc valu¢ plac¢d on such itLCOme 15 the ¢5timated vajue lo the ehaEityef the 8ervice of fvility e1Ved. VoluMt¢er help The value of anyvolunteerhelp received ts ifjclud¢dio the A¢¢ounts but Is d¢s¢ribed ID the th1¢¢5, aEllual report. fthvestm¢nt This is Tu¢ludrd in thr roUts wh¢D r¢ccivabk.
GLYMPTON ALMSHOUSES TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 2 Accountlng polltlel {conthiued) EXPENDITURE AND LIABILITll&S Llablmty rttognldon Liabilities are recognised as srATh as there is a lega] orconstNJctive obliWioD ¢ommi¢tingth¢ Charityto pay. Sllpport costs Support wsts in¢lu(k ¢¢ntral futlctions gnd havcbeeaallaÈed to the TTUSt'$ main activhty (Note 4}. Governath ¢ts Include costs of the preparation and examinatiort of stathtory accoun th¢ ¢05t of ste¢S mcetings and cost of any legal advice to trusie&4 on governance orconstitution81 tnatteT5 (s¢¢ Not¢ 5). Glymptoll Almshouse$ TnL8t 1$ a gistEr¢d ¢harity #nd #cru1Y is exemptfromtsxation on it8 income and gains where they are applied for chatitable purposes. ASSETS Houslng properttes Gl)rynpton Almshou5¢5 w¢K collstructcd in the mid 20 Century alld thue ts teeord ofthe original cost alld no value is attribw¢d thereto. Th¢ Hovsirtg Properties ¢O5ts in tht8e accounls rclateto improvements carried outmthich were fjanded by a Housittg Coryordtion Grattt, & IoAn fro]u the Ci)op¢ra¢iv¢ Bank plc and from the chariry's owryj resources. The net cost 8rrived at afterhavittg de¢fu¢tedthe Housing GT4nt is deprecsated at 2Yo per allnum OTh a straight-line basis. Soclgl HouslDg GTats¢ Swial H¢)using Grant (SHG) 15 paid bythe HousiDg Corpor10 to reduce the cost of developJJJent attd is, therefore. $hown a5 a d¢ductioTh from th¢ ¢0st of Housing Properties in the Balance Sheet. SHG is repayable uttdercetsin circumstsuces, PTimaTily foll¢)WiTJ8 the saje of aprop¢ty, but will nonnallybe restricted wthe netpr(¢eeds of sale. Investmtnts lllve5tments sre shown tt znarketvalu¢. Movewjts in th¢ J)78rk¢t value of investmlS are token to th¢ R¢valua¢ion Resetve attd disclosed in the SOFA. Wb¢n tb¢ R¢v8luation Rc5crvc becomes exhausted any fi¢[ f8lls LD the Dwket value of invesknenis are reflected irt the IncoHJB and Exp¢nditur¢ Account Isc¢ Not¢5 8. 1 l and 121. luvestmtnts tovestsnents are shown at market vabje. Movemeots itt th¢ Mork¢t7pp] of inve51m¢TLts are taken to the Reva]uatiotL Reserve sttd disclosed in the SOFA. Whell the Revaluation RerV¢ ¢0¢5 ¢xh8U5t¢d any furtller faJ15 in the marketvalue of ittvesthents arereflected in the kncome ExpellditUTe Account {5tt Notr5 8, 11 and 12). CASH FLOWSTATEMENr Illardr with FRS 102 SORP this Charity is not required to p1¢¢ a Cash Flow Statell1.
GLYMPTON ALMSHOUSES TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 3 ADalysts ortB¢fjme To 202 Total Inve5tmentlncome Interest receivable Dtmdends from Income Shares (Note 8) Accumulat¢d Divid¢tLds (Note 8) 170 77 21 71 74 In¢ome froth ¢h8ri¢abl¢ activlde8 Maintenance contributions from residents Donation5 Gu¢st mom ThLtsI Sundry income 33.496 2.000 loo 804 30.581 4 ADalyils of expendsre on eharitsblt ¢llvltli Mailltenance Cl¢aning & GaTd¢niJg Insurance Heatiti8 Oil Healwg & Water Rebate Electricity Water & Sewerage Persojjal A]ami ttnd Fitc Equip. Pest Control T¢l¢pl)oJxe Depreciation Gifts to R¢5ithnts BÈttk charges QuiDqu¢D]JiaJ inspxtion Misttllaneous charges Iknart Interest 20.107 887 ,179 6,519 13J45 529 7.959 {12921 595 1.210 629 1,057 JJ71 342 178 456 21K 456 205 55 273 S ADalysl$ rfexpendl¢ure Gov¢rngnee tosts Total Tot#l NAA subscriptio llldependent Hou5illg Ombuthnxn sub& IndeF¢ndent Examinatton Fee 153 23 600 776 146 18 575 739 Th¢ I0dep¢nd¢otEx]ller's f¢¢ itLclud¢dth¢ prcp&ration atld reporting upon the accouJ)ts.
GLYMPTON ALMSHOUSES TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 6 TTh6teu expen8e5 and emo]uments gnd staff 2023 2022 Numb¢rOftn¢5 w¢r¢ pid up¢n5CS Nature of the expenses reimbursed Totsl allmjnt of expeusw r¢iH]buTS NIA NIA NIA NIA No tnJ5tee received any emolunRnts fmm the charity in the year12022-Nonel. Th¢ Tntydots not ¢mploy any staff12022-None). 7 TanRlble flled aJJets ro 2023 2022 Cost: At l 8nd 31 D¢¢¢tt)b¢r 107 573 107 573 Social Hou51Dg GT#lIt: At l Jattuary 8lld 31 D¢¢¢mb¢r C05t1¢5$ Sorlal Hou51ng Grautr. Depretidon: At l January Cb8r8e forthe year At 31 D¢¢Emb¢r 19.842) 456 98 (9.386) 456 10 Net Bookvalue 8t31 DeeÈmber As referred to in Notts 2 & 10. the Trustees tk a loart of £40,OOD in 2001 from the C0DpWdti BpIC in ord¢r to fitLgn¢¢ the refilshment of Atan Good Howe. the TDJst's propety. This loan w repAid in 2021
GLY(PToN ALMSHOUSES TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 8 Flxed a6$ets Investments NAACIF NAACIF Totgl ula Marketvalue: As Rt l J4D¥ary Adth"tLons AGcumulal¢d inGouJE Revalualion adiv5tr¢nt At 31 Dc¢¢mb¢r 1.798 114.345 1,800 4,671 116,143 1,800 4,671 lJ3.491 1,8 4.184 31 123 25 125 154 116 143 Investnwits eornprlsethefollowlng: Total 023 Totsl 2022 1,100 AccumulatioD Slwes inNAACIF {2022- 1,0831 2.036 Income Shares ill NAACIF12022-2.0361 123,325 114,345 1,829 125 154 1,798 116143 Historic infonnBtion of the original cost L5 not available. The InconK Share3 in NAACIF represent the expendable e]]dowment fund established upun the Greation of the TDJ5t. Th¢ xncoll% ar capital in this fijnd can be ed by the Ttusiee8 to defixy any costs i]*urred itt rep&iring. TDaintaiDiDg and iD$ursng th¢ Altn5houw atld anyoth¢r itlcidental c08ts and expense5 of the T[t. Consequently. the divide]Ml Inc¢)j in th¢ycBr from th¢5¢ Shar (se¢Nol¢ 31 was paid into th¢unrestrictedbaDk accowLt and pt tow&rds th¢ tru5t'5 ¢¥p¢nditur¢ on its charitable activities (NNe 4). The A¢cuml&tIon Share5 itl NAACIF represent part of the unrestricted bJnd8 of the trllst. 9 Debto To Amounts fglllng due wkhlD olle yeAr Prepa)Tr¢nts and accrued income
GLYMwfoN ALMSHOUSES TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 10 CTedltors 20 Amounts fAlllngdue whhln one y¢w Loan {xcur¢d) Oth¢r ¢r¢ditOfS 8nd &c¢ru81$ 2.890 1.376 Ajnounts falllD¥ due fter more oneyear n (secured) In 2001 a loatl of £40.000 was taken fromthe Cooperative BaDkplt by the TO¢$, in otd¢rto fJJw¢ the refirtishm¢Dt of AlaD Goc4 House. the Tntst's pmwty. This loatt wa$ s¢¢ured by a fllst k8al Urt888t ov¢rthat property, ac¢Eued interest at 1.125% over base and repayable by Ttx)nthly illstalrnents until M8y2026. In May 2014. an additiona] £I2.000 of the capital value of this Ioall W&4Tepaid bythe TTht. On 10th Novernber 2022. the remainitag balwL¢¢ of £4284 wa5 repaid. £50 was charged forthe release of th¢ tid¢ d¢¢ds. 11 lttv¢$tm¢nt R¢V41•t10tt Ruerve5 Endowment 2022 At l J8ttU8ry 27,448 681 28,129 31,461 Revaluation adju$tmotthi¥ y 2,510 30 2 J40 13,3321 AÈ 32 De¢¢mb¢r 29.958 711 30.669 28,129 12 OtherReserveJ nated na endable Tots Income & Lotal ndlthre ¢count 2023 5eTYe Fund 2022 At l January 94.811 29.960 125.889 I17.109 SuTplusl(defJcit) this y¢9r 19,360) 16273 6,913 8.780 85.451 46233 132,802 125,889 Transfers in the year 15J)00 (15.Otxi) At31 D¢c¢TtLb¢r 100 451 132 802 125 889 The D¢5ignatrd MHintcnance ReSee and the Income & Ext*ndtture Account are p8rt of the Tmjst's Utttstricted Fund5. 13 C8pllal ComD]ItsRents and Coatlni¢nt UgblUtI¢8 There wereTh) capitat t0mIttents or¢4)ntstLg¢nt liabiliti¢5 Ilt 31 Decembcr 2023 atld 2022.