2022-04-30-accounts

Reference and Administrative Details	Reference and Administrative Details
Trustees' Report		2to5
Statement ofTrustees'	Responsibilities
Independent Auditors'	Report	7to 10
Statement ofFinancial	Activities
Balance Sheet		12
Cash Flow Statement		13
Notes to the Financial	Statements	14to 26

Nominative	Trustees		Ms V de Galleani
			Mr M Rowley (appointed		13December 2021)
Publically	Nominated	Trustees	Mr RSpringett
			Mrs JCawley, Chair
			Mrs BFleet
			Mr JH O'Keeffe (resigned		31January 2022)
			Mr BFrench
			Mr M Tremlett
			Mr G Hardy
			Ms L Osgood, Vice	Chair
Principal Office			First Floor
			3 The Quay
			Dartmouth
			Devon
			TQ6 9PS
Charity Registration		Number	203399
Solicitors			Foot Anstey LLP
			2 Glass Wharf
			Bristol
			BS2OFR
Bankers			National Westminster	Bank pic
			Paignton
			15Victoria St
			Paignton
			Devon
			TQ4 5DE
Auditor			Thompson Jenner LLP
			1 Colleton Crescent
			Exeter
			Devon
			EX24DG

Statement	ofFinancial Activi	ties for th	e Year Ended	30April 202	2
					Total
		Unrestricted		Endowment	2022
	Note
Income and Endowments	from:
Donations and legacies			328,938		328,938
Charitable activities			136,961		136,961
Investment income			8,394		8,394
Total income			474,293		474,293
Expenditure on:
Charitable activities	5,	6,7, 8	(210,205)		(210,205)
Total expenditure			(210,205)		(210,205)
Net income			264,088		264,088
Other recognised gains and losses
Net gains on investments		14	3,784		3,784
Net movement in funds			267,872		267,872
Reconciliation offunds
Total funds brought'forward			3,067,221	1,680,000	4,747,221
Total funds carried forward		18	3,335,093	1,680,000	5,015,093
					Total
		Unrestricted		Endowment	2021
	Note
Income and Endowments	from:
Donations and legacies			342,510		342,510
Charitable activities			125,524		125,524
Investment income			8,386		8,386
Total income			476,420		476,420
Expenditure on:
Charitable activities	5,	6,7, 8	(175,603)		(175,603)
Total expenditure			(175,603)		(175,603)
Net income			300,817		300,817
Other recognised gains and losses
Net gains on investments		14	36,620		36,620
Net movement in funds			337,437		337,437
Reconciliation offunds
Total funds brought forward			2,729,784	1,680,000	4,409,784
Total funds carried forward		18	3,067,221	1,680,000	4,747,221
All ofthe charity's activities	derive trom continuing	operations	during the above	two periods.

	Balance Sheet as at	30April 2022
			2022	2021
		Note
Fixed assets
Tangible assets		13	3,900,849	3,483,897
Investments		14	264,772	259,543
			4,165,621	3,743,440
Current assets
Debtors		15	10,481	12,809
Cash at bank and in hand		16	845,738	999,639
			856,219	1,012,448
Creditors: Amounts	falling due within one year	17	(6,747)	(8,667)
Net current assets			849,472	1,003,781
Net assets			5,015,093	4,747,221
Funds ofthe charity:
Endowment			1,680,000	1,680,000
Unrestricted			3,335,093	3,067,221
Total funds		18	5,015,093	4,747,221

Cash	F	low Statem	ent for the Y	ear Ended 30	April 2022
					2022	2021
				Note
Cash flows from operating		activities
Net cash income					267,872	337,437
Adjustments to cash flows from non-cash			items
Investment income				4	(8,394)	(8,386)
Revaluation ofinvestments				14	(3,784)	(36,620)
					255,694	292,431
Working capital adjustments
Decrease in debtors				15	2,328	522
Decrease in creditors				17	(2,609)	(7,483)
Increase/(decrease) in deferred income					689	(39)
Net cash flows fi.om operating		activities			256,102	285,431
Cash flows from investing	activities
Interest receivable and similar income				4	8,394	8,386
Purchase oftangible fixed	assets			13	(416,952)	(190,985)
Purchase ofinvestments				14	(1,445	(1,445)
Net cash flows f'rom investing		activities			(410,003)	(184,044)
Net (decrease)/increase in	cash and cash equivalents				(153,901)	101,387
Cash and cash equivalents	at	1 May			999,639	898,252
Cash and cash equivalents	at	30April			845,738	999,639

				Unrestricted
						Total	Total
				General	Other	2022	2021
Donations	and	legacies;
The Dartmouth			Trust	304,396		304,396	326,822
Grants, including			capital grants;
Government		grants		1,542		1,542	15,688
Grants	from	companies			23,000	23,000
				305,938	23,000	328,938	342,510

3	Income fr	om c	haritable activities
				Unrestricted
					Total	Total
				General	2022	2021
	Contributions	paid by residents		125,561	125,561	116,074
	Car parking			9,030	9,030	8,680
	Guest Suite			1,630	1,630	290
	Laundry income			740	740	480
				136,961	136,961	125,524
4	Investment	income
				Unrestricted
					Total	Total
				General	2022	2021
Interest receivable			on bank deposits	599	599	730
Other income		fiom	fixed asset investments	7,795	7,795	7,656
				8,394	8,394	8,386

5 Direct Costs
				Total	Total
				2022	2021
Call 24				1,507	1,235
Cleaning and removal		costs		468	110
Television licences				524	570
Property and contents		insurance		5,402	4,635
Health and safety				6,598	1,785
Gas and electric				10,709	17,117
Water charges				4,780	6,423
				29,988	31,874
6 Support Costs
				Total	Total
				2022	2021
Legal and professional		fees		10,458	10,150
Advertising				454	459
Sundry expenses				2,383	844
Staff training				75
Subscriptions to Almshouses			Association	319	305
Trustee indemnity	insurance			272	843
Property repairs and refurbishments				33,740	15,149
Wages and salaries				26,845	30,090
				74,546	57,841

			Unrestricted	Endowment	Total	Total
			funds	funds	funds	funds
			2022	2022	2022	2021
Governance	Auditors'	remuneration	2,600		2,600	2,600
Governance	Auditors'	non audit costs	1,810		1,810	1,600
Governance	expense	- wages and salaries	2,983		2,983	3,343
			7,393		7,393	7,543

Analysis o	fgrants
			2022	2021
Analysis
Individuals	donations		4,930	2,188
Citizens Advice South		Hams	16,490	15,000
Dartmouth	Caring		60,000	50,000
Dartmouth	Community	Chest	840
Youth Genesis			7,998
Dartmouth	Academy		8,020	10,020
Dartmouth	Pre-school			1,017
			98,278	78,225

			2022	2021
Audit	fees		2,600	2,600
Other	non-audit	services	1,990	1,600

11 Staffcosts The aggregate payroll costs were as follows:
	2022	2021
Staff costs during the year were:
Wages and salaries	29,828	33,433

2022	2021
No	No

13 Tangible fixed assets
	Land and
	buildings	Total
Cost
At 1 May 2021	3,483,897	3,483,897
Additions	416,952	416,952
At 30April 2022	3,900,849	3,900,849
Depreciation
At 30April 2022
Net book value
At 30April 2022	3,900,849	3,900,849
At 30April 2021	3,483,897	3,483,897

		Listed
		investments	Total
Cost or Valuation
At 1 May 2021		259,543	259,543
Revaluation		3,784	3,784
Additions		1,445	1,445
At 30April 2022		264,772	264,772
Net book value
At 30April 2022		264,772	264,772
At 30April 2021		259,543	259,543
The investments	are held in amixed portfolio.

15 Debtors
		2022	2021
Trade debtors		654	545
Prepayments	and accrued income	9,827	12,264
		10,481	12,809
16 Cash and	cash equivalents
		2022	2021
Cash on hand		17
Cash at bank		845,721	999,639
		845,738	999,639

17 Creditors: amounts falling due within one year
	2022	2021
Trade creditors	77	831
Other creditors	1,598	2,113
Accruals for grants payable		1,340
Accruals	5,072	4,383
	6,747	8,667

18 Funds
							Other	Balance at
			Balance at 1	Incoming	Resources		recognised	30April
			May 2021	resources	expended	Transfers	gains/(losses)	2022
Unrestricted	funds
General
Income Account			200,000	451,293	(210,205)	(244,872)	3,784	200,000
Other
Extraordinary repair			69,442			14,526		83,968
Cyclical maintenance
fund						12,890		12,890
New property			993,883			(176,497)		817,386
Realised capital reserve			100,227					100,227
Unrealised	revaluation
reserve			300,112					300,112
Property reserve			1,403,557	23,000		393,953		1,820,510
			2,867,221	23,000		244,872		3,135,093
Total unrestricted		funds	3,067,221	474,293	(210,205)		3,784	3,335,093
Endowment	funds
Permanent
Endowment	funds		1,680,000					1,680,000
Total funds			4,747,221	474,293	(210,205)		3,784	5,015,093

funds as any	surplus	is availa	ble for general p	urposes.
			Balance at				Other	Balance at
			1May	Incoming	Resources		recognised	30April
			2020	resources	expended	Transfers	gains/(losses)	2021
Unrestricted	funds
General
Income Account			200,000	476,420	(175,603)	(337,437)	36,620	200,000
Other
Extraordinary repair			57,250			12,192		69,442
New property			859,623			134,260		993,883
Realised capital reserve			100,227					100,227
Unrealised	revaluation
reserve			300,112					300,112
Property reserve			1,212,572			190,985		1,403,557
			2,529,784			337,437		2,867,221
Total unrestricted		funds	2,729,784	476,420	(175,603)		36,620	3,067,221
Endowment	funds
Permanent
Endowment	funds		1,680,000					1,680,000
Total funds			4,409,784	476,420	(176,6033	-	36,620	4,747,221

				Endowment	Total funds at
		Unrestricted	funds	funds	30April
		General	Other	Permanent	2022
Tangible	fixed assets		2,220,849	1,680,000	3,900,849
Fixed asset investments			264,772		264,772
Current	assets	206,747	649,472		856,219
Current	liabilities	(6,747)			(6,747)
Total net assets		200,000	3,135,093	1,680,000	5,015,093
				Endowment	Total funds at
		Unrestricted	funds	funds	30April
		General	Other	Permanent	2021
Tangible	fixed assets		1,803,897	1,680,000	3,483,897
Fixed asset investments			259,543		259,543
Current	assets	208,667	803,781		1,012,448
Current	liabilities	8,667)			(8,667)
Total net assets		200,000	2,867,221	1,680,000	4,747,221