2023-12-31-accounts - The Sponne And Bickerstaffe Charity

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REGISTERED CHARITY NUMBER: 204117

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

SPONNE & BICKERSTAFFE CHARITY

SPONNE & BICKERSTAFFE CHARITY

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

	Page
Report of the Trustees	1 to 4
Independent Examiner's Report	5
Statement of Financial Activities	6
Balance Sheet	7
Notes to the Financial Statements	8 to 18
Detailed Statement of Financial Activities	19 to 20

SPONNE & BICKERSTAFFE CHARITY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

The trustees present their report with the financial statements of the charity for the year ended 31 December 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charity continues to fulfil the requirements of Archdeacon Sponne's Will dated 1447 including the dispensing of help to the 'needy of the Parish' through the Relief in Need Branch.

Through its Almshouse Branch the charity continues the tradition started by Thomas Bickerstaffe in 1689 to provide accommodation for 'ancient men and women to be of good character' drawn exclusively from those who have lived for some time in the Parish of Towcester.

Public benefit

In deciding the activities of the charity the trustees have had regard to the guidance issued by the Charity Commission relating to public benefit and are content that all the charity's activities fall within this guidance

Page 1

SPONNE & BICKERSTAFFE CHARITY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

ACHIEVEMENT AND PERFORMANCE Chairman's Report

The year commenced with the meeting of the finance committee chaired by Alan. The committee reviewed the charity's finance and set the following year's budget.

At January's Feoffee meeting Carol, regretfully resigned as Chair for health reasons. The Vice Chair Gail became acting Chair until April's AGM when a new chair will be elected.

In March Feoffee Steve resigned. Steve's contribution to the charity is appreciated in particular his ability to project manage activities such as the replacement windows at the Lodge and the tender process for the heating project.

The meeting in March proposed and seconded Chris as Deputy Chair. This year has seen quite a lot of change regarding Feoffees and staff.

The heating project continued at a pace and the charity was able to secure an Almshouse Association loan for the solar panel project.

On the 19th April we enjoyed our Founders Day service at St Laurance church followed by the Founders Day supper.

The staff appraisals were completed in April. The Clerk Karen who is a dedicated, pivotal member of the team informed the charity of her intention to retire.

On the 8th June the Feoffees, residents and friends enjoyed a coronation party at Moorfield. In true Moorfield style there was lots of food and fun to enjoy. There was bunting, a cardboard cut-out of the King and Queen.

In July we welcomed Georgina to the board of Feoffees.

We also commenced work in late July on the installation of the solar panels. The residents and Feoffees look forward to the savings the installation of the panels should yield. In a time of soaring electricity bills the charity thought this investment was an important step forward and also environmentally friendly.

We held an extraordinary meeting in August in order to discuss, at length, the land the charity currently owns.

Feoffee Carol, a member of our gardening committee, contacted local Garden Buddies charity. The Garden Buddies initiative supports people who may not be able to tend their gardens as they may wish. The Garden Buddies in conjunction with our warden identified residents who may like assistance with their gardens. This was taken up by some of our residents. We now have regular visits from the Garden Buddies volunteers.

It is always hard to say goodbye to a valued member of staff and this summer, as was reported above, Karen our Clerk retired. There was a handover period to which our newly employed clerk Hannah, who benefitted from Karen's experience and support. Hannah joins the charity at a busy time with the solar panel project installation and the ongoing heating project.

In Autumn the Feoffees undertook the annual land visits. The Chair and Deputy chair completed the annual bungalow inspections and reported back their findings.

Feoffee Carol, who has been with Moorfield many years, resigned as a Feoffee as she is moving out of the county. Carol has contributed to numerous initiatives over the years but in particular her commitment was much appreciated in considering the environment in all that we do. She also instigated the Legionella risk assessment, the Quinquennial report and the heating/solar panel project.

As we get closer to the Christmas period we begin organising the Christmas vouchers for those in Towcester who may really appreciate a little money to help with the cost of Christmas. We involve local organisations who assist us with the distribution of the vouchers. This takes a lot of the Clerk's time coordinating the vouchers, however it very rewarding when you feel you are contributing to an individual or families at Christmas.

Page 2

SPONNE & BICKERSTAFFE CHARITY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

We also enjoyed our residents' Christmas party on 20th December. This was led by Revd Paula who is also a feoffee. Paula and singers really uplift the evening with carols and a funny Christmas poem. It has been a very busy year at Moorfield in particular the heating project and with changes to the Foeffee's and staff, however with the intrinsic strength in its own identity Moorfield continues to flourish.

Gail Caseman-Jones Chair

FINANCIAL REVIEW

Financial position

At the year end the total reserves of the charity are £774,844 which are all restricted funds as per the notes to the financial statements.

Investment policy and objectives

The charity has the power to make any investment which the Trustees see fit. The Trustees will generally invest the bulk of reserves in C.O.I.F. funds but will make other investments as appropriate.

The movements in fixed assets and investments during the year are set out in the notes supporting the financial statements.

Reserves policy

At the year end the cash reserves of the charity stood at £69,986. The charity's policy is to maintain sufficient reserves to maintain the buildings in good order and meet foreseeable needs. Investments are maintained to provide income to help the charity meet its objectives. Investment income is allocated between Almshouse and Relief in Need branches.

Market Value of the Property

The Trustees consider that the market value of the Almshouses as at the year end was £1,250,000 compared with a balance sheet value of £313,726.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

The charity is registered with the Charity Commission, and the Governing document was sealed on 5 May 1982.

Recruitment and appointment of new trustees

Trustee selection methods: the body of trustees shall consist when complete of 15 competent persons being:-

Six nominative trustees appointed by Towcester Town Council to serve for four years and nine co-optative trustees who shall be persons who through residence, occupation or employment or otherwise have special knowledge of the parish of Towcester and are appointed for a period of five years. Each new trustee is given Charity Commission booklets and a History of the Charity.

Organisational structure

The trustees delegate most routine operational decisions. The warden is responsible for the welfare of Moor Field residents and the clerk for the maintenance of the buildings and administration of the Relief in Need branch. The warden may call for medical social services assistance when required and repair and maintenance suppliers in an emergency.

Decision making

A monthly meeting of trustees is held and the chairman has the casting vote in any decision making. Two separate committees meet to discuss finance and Relief in Need.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Page 3

SPONNE & BICKERSTAFFE CHARITY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 204117

Principal address

Moor Field Buckingham Way Towcester Northamptonshire NN12 6PE

Trustees

Mr P Allen Mrs C Blake - resigned November 2023 Mr S Burnley Mrs G Casmen-Jones - Chair of the Feoffees Mr A Gilbert Mrs J Hart Mr I Massey Mrs K Wheeler Rev P Challen Mr S Holt - resigned March 2023 Mrs J Simm (was Lees) Mr J Lynch Mr A Lohman Mr C Wright Mrs G Hurndall - appointed July 2023

Independent Examiner

Shaw Gibbs Limited Eagle House 28 Billing Road Northampton Northamptonshire NN1 5AJ

Clerk to the Trustees

K Watkins - resigned August 2023 H Stubbs - appointed August 2023

Bankers

CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ

Approved by order of the board of trustees on 17 July 2024 and signed on its behalf by:

Page 4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SPONNE & BICKERSTAFFE CHARITY

Independent examiner's report to the trustees of Sponne & Bickerstaffe Charity

I report to the charity trustees on my examination of the accounts of Sponne & Bickerstaffe Charity (the Trust) for the year ended 31 December 2023.

Responsibilities and basis of report

As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our independent examination work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our independent examination work, for this report, or for the opinions we have formed.

Nicola Fox FCA

Shaw Gibbs Limited Eagle House 28 Billing Road Northampton Northamptonshire NN1 5AJ

Date: 26 July 2024

Page 5

SPONNE & BICKERSTAFFE CHARITY

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 - Charitable activities 4 Residents housing - Investment income 3 - Total - EXPENDITURE ON Charitable activities 5 Residents housing - Relief in Need - Total - Net gains/(losses) on investments - NET INCOME/(EXPENDITURE) - Transfers between funds 18 - Net movement in funds - RECONCILIATION OF FUNDS Total funds brought forward - TOTAL FUNDS CARRIED FORWARD -	Almshouse Branch £ - 107,324 7,011 114,335 101,636 - 101,636 19,283 31,982 (3,716) 28,266 684,769 713,035	Relief in Need Branch £ - - 1,696 1,696 - 5,412 5,412 5,202 1,486 3,716 5,202 56,607 61,809	2023 Total funds £ - 107,324 8,707 116,031 101,636 5,412 107,048 24,485 33,468 - 33,468 741,376 774,844	2022 Total funds £ 2,495 103,704 8,440 114,639 125,450 5,206 130,656 (36,665) (52,682) - (52,682) 794,058 741,376

The notes form part of these financial statements

Page 6

SPONNE & BICKERSTAFFE CHARITY

BALANCE SHEET 31 DECEMBER 2023

Unrestricted fund Notes £ FIXED ASSETS Tangible assets 11 - Investments Investments 12 - Investment property 13 - - CURRENT ASSETS Debtors 14 - Cash at bank - - CREDITORS Amounts falling due within one year 15 - NET CURRENT ASSETS - TOTAL ASSETS LESS CURRENT LIABILITIES - CREDITORS Amounts falling due after more than one year 16 - NET ASSETS - FUNDS 18 Restricted funds TOTAL FUNDS	Almshouse Branch £ 352,766 242,622 90,000 685,388 5,367 69,986 75,353 (10,260) 65,093 750,481 (37,446) 713,035	Relief in Need Branch £ - 61,809 - 61,809 - - - - - 61,809 - 61,809	2023 Total funds £ 352,766 304,431 90,000 747,197 5,367 69,986 75,353 (10,260) 65,093 812,290 (37,446) 774,844 774,844 774,844	2022 Total funds £ 321,377 279,947 90,000 691,324 3,740 50,602 54,342 (4,290) 50,052 741,376 - 741,376 741,376 741,376

The financial statements were approved by the Board of Trustees and authorised for issue on 17 July 2024 and were signed on its behalf by:

The notes form part of these financial statements

Page 7

SPONNE & BICKERSTAFFE CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.

The presentation currency of the financial statements is the Pound Sterling (£).

Going concern

The financial statements have been prepared using the going concern basis as no material uncertainties exist in relation to the charity being a going concern.

Significant judgements and estimates

The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the company accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies below.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Almshouse - 1% on cost Plant and machinery - 10% on cost Fixtures and fittings - 10% on cost Furniture - 10% on cost Office equipment - 10% on cost

Fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Where parts of an item of property, plant and equipment have different useful lives, they are accounted for as separate items of property, plant and equipment.

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

Page 8

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SPONNE & BICKERSTAFFE CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

1. ACCOUNTING POLICIES - continued

Investment property

Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value are recognised through the statement of financial activities.

Talbot Meadow and Farthingstone Farm (investment properties) have been included in the financial statements at fair value. This valuation was produced by Berry Morris Chartered Surveyors in January 2009. The trustees are not aware of any material changes since the last valuation.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Financial instruments

Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of financial activities under administrative expenses.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the statement of financial activities. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

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SPONNE & BICKERSTAFFE CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

2. DONATIONS AND LEGACIES Donations 3. INVESTMENT INCOME Dividends & bank interest received 4. INCOME FROM CHARITABLE ACTIVITIES Activity Contribution Residents housing Rates Residents housing Heat and light Residents housing Laundry income Residents housing Grants Residents housing Grants received, included in the above, are as follows: Rural Community Energy Fund 5. CHARITABLE ACTIVITIES COSTS Residents housing Relief in Need	Direct Costs (see note 6) £ 95,209 5,412 100,621	2023 £ - 2023 £ 8,707 2023 £ 73,072 2,796 18,450 1,225 11,781 107,324 2023 £ 11,781 Support costs (see note 7) £ 6,427 - 6,427	2022 £ 2,495 2022 £ 8,440 2022 £ 65,247 2,392 13,795 1,408 20,862 103,704 2022 £ 20,862 Totals £ 101,636 5,412 107,048

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SPONNE & BICKERSTAFFE CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

6. DIRECT COSTS OF CHARITABLE ACTIVITIES

2023
£
Staff costs
30,798
Rates and water
2,479
Insurance
2,252
Light and heat
20,643
Telephone
1,124
Property repairs & maintenance
20,691
Cleaning
1,034
Garden materials & equipment
75
Gardener time & materials
3,244
Other garden contractor work
1,340
Travel and entertainment
788
Relief in Need expenses
5,412
NAAH subscription
253
Appello costs
924
Covid-19
-
Depreciation
9,564
100,621
7.
SUPPORT COSTS
Governance
Management
Other 3
costs
£
£
£
Residents housing
2,430
1,981
2,016
Support costs, included in the above, are as follows:
2023
Residents
housing
£
Postage and stationery
823
General office expenses
777
Sundries
392
Training
438
Interest payable and similar charges
1,981
Independent Examiners fees -
independent examination
560
Independent Examiners fee -
accountancy fees
1,456
6,427

2022
£
27,829
2,873
2,034
22,079
1,068
51,252
1,165
27
4,008
2,714
602
5,206
242
508
10
5,737
127,354
Totals
£
6,427
2022
Total
activities
£
696
528
428
-
-
550
1,100
3,302

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SPONNE & BICKERSTAFFE CHARITY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2022.

Trustees' expenses

£213 of expenses for travel reimbursement were paid to two Trustees in the financial year (£64 paid in 2022 to one Trustee).

9. STAFF COSTS

Wages and salaries Other pension costs The average monthly number of employees during the year was as follows: Residents warden Administration Clerk Handyman	2023 £ 30,169 629 30,798 2023 1 1 1 1 4	2022 £ 27,091 738
		27,829
		2022 1 1 1 1 4

No employees received emoluments in excess of £60,000.

Key management personnel remuneration totalled £25,524 (2023: £25,358). This includes the Warden and Clerk to the Trustees.

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies - Charitable activities Residents housing - Investment income - Total - EXPENDITURE ON Charitable activities Residents housing - Relief in Need - Total -	Almshouse Branch £ 2,435 103,704 6,751 112,890 125,450 - 125,450	Relief in Need Branch £ 60 - 1,689 1,749 - 5,206 5,206	Total funds £ 2,495 103,704 8,440 114,639 125,450 5,206 130,656

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SPONNE & BICKERSTAFFE CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued

Unrestricted fund £ Net gains/(losses) on investments - NET INCOME/(EXPENDITURE) - Transfers between funds - Net movement in funds - RECONCILIATION OF FUNDS Total funds brought forward - TOTAL FUNDS CARRIED FORWARD - 11. TANGIBLE FIXED ASSETS COST At 1 January 2023 Additions Disposals At 31 December 2023 DEPRECIATION At 1 January 2023 Charge for year Eliminated on disposal At 31 December 2023 NET BOOK VALUE At 31 December 2023 At 31 December 2022	Almshouse Branch £ (29,318) (41,878) (3,457) (45,335) 730,104 684,769 Almshouse £ 510,618 - - 510,618 191,785 5,107 - 196,892 313,726 318,833	Relief in Need Branch £ (7,347) (10,804) 3,457 (7,347) 63,954 56,607 Plant and machinery £ 3,276 39,624 - 42,900 3,276 3,926 - 7,202 35,698 -		Total funds £ (36,665) (52,682) - (52,682) 794,058 741,376 Fixtures and fittings £ 24,132 375 (470) 24,037 23,451 139 (470) 23,120 917 681

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SPONNE & BICKERSTAFFE CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

11. TANGIBLE FIXED ASSETS - continued

COST At 1 January 2023 Additions Disposals At 31 December 2023 DEPRECIATION At 1 January 2023 Charge for year Eliminated on disposal At 31 December 2023 NET BOOK VALUE At 31 December 2023 At 31 December 2022 12. FIXED ASSET INVESTMENTS MARKET VALUE At 1 January 2023 Revaluations At 31 December 2023 NET BOOK VALUE At 31 December 2023 At 31 December 2022 There were no investment assets outside the UK. 13. INVESTMENT PROPERTY FAIR VALUE At 1 January 2023 and 31 December 2023 NET BOOK VALUE At 31 December 2023 At 31 December 2022	Furniture £ 19,821 375 - 20,196 18,890 189 - 19,079 1,117 931	Office equipment Totals £ £ 3,638 561,485 579 40,953 - (470) 4,217 601,968 2,706 240,108 203 9,564 - (470) 2,909 249,202 1,308 352,766 932 321,377 Listed investments £ 279,947 24,484 304,431 304,431 279,947 £ 90,000 90,000 90,000

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SPONNE & BICKERSTAFFE CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 £ Other debtors 4,150 Prepayments and accrued income 1,217 5,367 15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 £ Other loans (see note 17) 4,161 Trade creditors 646 Accruals and deferred income 5,453 10,260 16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2023 £ Other loans (see note 17) 37,446 17. LOANS An analysis of the maturity of loans is given below: 2023 £ Amounts falling due within one year on demand: Other loans 4,161 Amounts falling between one and two years: Other loans - 1-2 years 4,161 Amounts falling due between two and five years: Other loans - 2-5 years 12,482 Amounts falling due in more than five years: Repayable by instalments: Other loans more 5yrs instal 20,803		2022 £ 741 2,999 3,740 2022 £ - 622 3,668 4,290 2022 £ - 2022 £ - - - -

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SPONNE & BICKERSTAFFE CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

18. MOVEMENT IN FUNDS

Net
movement
At 1/1/23
in funds
£
£
Restricted funds
Almshouse Fund
547,234
25,177
Relief in Need Fund
56,607
1,486
Extraordinary Repair Fund
111,880
10,114
Chantry Church of St Lawrence
1,834
205
Cyclical Maintenance Fund
23,821
(3,514)
741,376
33,468
TOTAL FUNDS
741,376
33,468
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Restricted funds
Almshouse Fund
98,393
(80,237)
Relief in Need Fund
1,696
(5,412)
Extraordinary Repair Fund
3,964
(5,907)
Chantry Church of St Lawrence
-
-
Cyclical Maintenance Fund
197
(3,711)
Moor Field ASHP and Solar PV
Upgrade
11,781
(11,781)
116,031
(107,048)
TOTAL FUNDS
116,031
(107,048)
Comparatives for movement in funds
Net
movement
At 1/1/22
in funds
£
£
Restricted funds
Almshouse Fund
584,963
(28,272)
Relief in Need Fund
63,954
(10,804)
Extraordinary Repair Fund
119,419
(13,539)
Chantry Church of St Lawrence
1,995
(161)
Cyclical Maintenance Fund
23,727
94
794,058
(52,682)
TOTAL FUNDS
794,058
(52,682)

Transfers
between
At
funds
31/12/23
£
£
(9,716)
562,695
3,716
61,809
6,000
127,994
-
2,039
-
20,307
-
774,844
-
774,844
Gains and
Movement
losses
in funds
£
£
7,021
25,177
5,202
1,486
12,057
10,114
205
205
-
(3,514)
-
-
24,485
33,468
24,485
33,468
Transfers
between
At
funds
31/12/22
£
£
(9,457)
547,234
3,457
56,607
6,000
111,880
-
1,834
-
23,821
-
741,376
-
741,376

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SPONNE & BICKERSTAFFE CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

18. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Restricted funds Almshouse Fund Relief in Need Fund Extraordinary Repair Fund Chantry Church of St Lawrence Cyclical Maintenance Fund Green Energy Project Moor Field ASHP and Solar PV Upgrade TOTAL FUNDS	Incoming resources £ 87,947 1,749 3,987 - 94 9,080 11,782 114,639 114,639	Resources expended £ (104,588) (5,206) - - - (9,080) (11,782) (130,656) (130,656)	Gains and Movement losses in funds £ £ (11,631) (28,272) (7,347) (10,804) (17,526) (13,539) (161) (161) - 94 - - - - (36,665) (52,682) (36,665) (52,682)

The Extraordinary Repair Fund was set up for the purpose of providing for the extraordinary repair, improvement or rebuilding of the Almshouses as and when it is needed.

The Relief in Need Fund was set up to relieve either generally or individually, persons resident in the Parish of Towcester who are in conditions of need, hardship or distress.

The Chantry Church of St Lawrence, Towcester Fund was set up in 1982 for the purpose of the repair and renewal of the Chantry Church's books and ornaments.

The Almshouse fund was set up in 1982 to enable the Trustees to manage and let all the lands belonging to the Almshouse Branch.

The Cyclical Maintenance Fund was set up to for the purpose of providing for those items of ordinary maintenance and repair of the Almshouses which occur at infrequent intervals. The fund is maintained out of income of the Almshouse Fund and is set aside yearly.

The Quinquennial Fund is to cover repairs and refurbishment at Moor Field, as a result of the third party Quinquennial Report carried out in 2018.

The Green Energy Project includes funds received from Greater South East Energy Hub, under the Rural Community Energy Fund. These funds paid for a Green Energy feasibility study.

The Moor Field ASHP and Solar PV Upgrade fund includes funds received from Greater South East Energy Hub, under the Rural Community Energy Fund. These funds will pay for Phase 1 which was a feasibility study which identified Air Source Heat Pumps and Solar Panels and Phase 2 which involved drawing up a tender specification for these methods of heating.

Transfers between funds

The Cyclical Maintenance Fund and Extraordinary Repair Fund is maintained out of income of the Almshouse Fund, by annual transfers.

An annual transfer is done for the excess of expenditure over income received for the year, into the Relief in Need Fund from the Almshouse Fund to maintain the Relief in Need Fund at the set amount invested in that fund.

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SPONNE & BICKERSTAFFE CHARITY

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2023

19. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2023, nor the year ended 31 December 2022.

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SPONNE & BICKERSTAFFE CHARITY

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

INCOME AND ENDOWMENTS Donations and legacies Donations Investment income Dividends & bank interest received Charitable activities Contribution Rates Heat and light Laundry income Grants Total incoming resources EXPENDITURE Charitable activities Wages Pensions Rates and water Insurance Light and heat Telephone Property repairs & maintenance Cleaning Garden materials & equipment Gardener time & materials Other garden contractor work Travel and entertainment Relief in Need expenses NAAH subscription Appello costs Covid-19 Depreciation of tangible fixed assets Support costs Management Postage and stationery General office expenses Sundries Training	2023 £ - 8,707 73,072 2,796 18,450 1,225 11,781 107,324 116,031 30,169 629 2,479 2,252 20,643 1,124 20,691 1,034 75 3,244 1,340 788 5,412 253 924 - 9,564 100,621 823 777 392 438 2,430	2022 £ 2,495 8,440 65,247 2,392 13,795 1,408 20,862 103,704 114,639 27,091 738 2,873 2,034 22,079 1,068 51,252 1,165 27 4,008 2,714 602 5,206 242 508 10 5,737 127,354 696 528 428 - 1,652

This page does not form part of the statutory financial statements

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SPONNE & BICKERSTAFFE CHARITY

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

Management Other 3 Loan arrangement fee Governance costs Independent Examiners fees - independent examination Independent Examiners fee - accountancy fees Total resources expended Net income/(expenditure) before gains and losses Realised recognised gains and losses Realised gains/(losses) on fixed asset investments Net income/(expenditure)	2023 £ 1,981 560 1,456 2,016 107,048 8,983 24,485 33,468	2022 £ - 550 1,100 1,650 130,656 (16,017) (36,665) (52,682)

This page does not form part of the statutory financial statements

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