2021-12-31-accounts - Devizes Almshouse Charity

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Trustees The trustees as at 31 December 2021 and	on the date the Trustees' Report was approved were as follows:	on the date the Trustees' Report was approved were as follows:
Mr S McGregor-Johnson	Chairman and Chair ofthe Standing Committee,
	member ofthe Finance &Staffing Committee
Mr C Lucas	Joint Vice Chairman, Chair ofthe Commercial
	Properties Committee, member ofthe Properties
	Committee and member ofthe Standing
	Committee
Mr JG Jones	Joint Vice Chairman and member ofthe Finance &
	Staffing Committee, member ofthe Commercial
	Properties Committee and member ofthe Standing
	Committee.
Mr P Bennett	Chairman ofthe Finance &Staffing Committee,
	member of Selection &Welfare Committee,
	member ofCommercial Properties Committee	and
	member ofthe Standing Committee
Mr DSW Elliott	Member ofthe Finance &Staffing Committee,
	member ofProperties Committee and member	of
	the Standing Committee.
Mr RAkerman	Chair ofthe Selection &Welfare, Chair of
	Community &Social Committee, member of
	Finance &Staffing Committee, member ofthe
	Properties Committee and member ofthe Standing
	Committee
Miss FKTumber	Member ofthe Selection &Welfare Committee	and
	Community &Social Committee
Mr PP Duckett	Chair ofthe Properties Committee, member of	the
	Commercial Properties Committee and member of
	the Standing Committee
Mrs C Blyth	Member ofthe Selection &Welfare Committee	and
	Properties Committee

Principal address	Slade House
	StJames' Gardens
	Devizes
	Wilts hire
	SN10 1EL
Auditors	David Owen	&Co
	17The Market Place
	Devizes
	Wiltshire
	SN10 1BA
Bankers	Lloyds Bank	pic
	38The Market Place
	Devizes
	Wiltshire
	SN10 1JD
Solicitors	Awdry, Bailey and Douglas
	33StJohns Street
	Devizes
	Wiltshire
	SN10 1BW
Support Organisations	The Almshouse		Association
	Billingbear Lodge
	Maidenhead	Road
	Wokingham
	Berkshire
	RG40 5RU
insurance	Grout Insurance		Brokers
	2nd Floor
	Woolwich House
	43StGeorge House
	Croydon
	CRO 1LB

		Page
Trustees' report		1-4
Statement of Trustees'	responsibilities
Independent auditor's	report
Statement offinancial	activities
Balance sheet		to
Statement ofcash flows
Notes to the financial	statements	12-21

		Unrestricted	Unrestricted
		funds	funds
		2021	2020
	Notes	f	f
t
Charitable activities	3	386,779	371,944
Investments	4	162,371	178,079
Total income		549,150	550,023
~Ex en i~n d~tt t t t d
Investment management	5	51,887	66,444
Charitable activities	6	357,871	367,404
Total resources expended		409,758	433,848
Net gains/(losses) on investments	11	19,697	(15,917)
Net incoming resources		159,089	100,258
Other recognised gains and losses
Profit on disposal offreehold almshouse	12	110,889
Net movement in funds		269,978	100,258
Fund balances at 1 January 2021		8,971,693	8,871,435
Fund balances at 31December 2021		9,241,671	8,971,693

					2021		2020
				Notes	6
Fixed assets
Tangible assets				13		4,403,156		4,530,455
Investment properties				14		3,870,904		3,699,657
Investments				15		231,219		207,833
						8,505,279		8,437,945
Current assets
Debtors				16	36,369		36,743
Cash at bank and	in	hand			909,395		522,027
					945,764		558,770
Creditors: amounts		falling due within		17
one year					(209,372)		(25,022)
Net current assets						736,392		533,748
Total assets less	current		liabilities			9,241,671		8,971,693
Income funds
Unrestricted funds				18
Designated funds					8,891,671		8,621,693
General funds					350,000		350,000
						9,241,671		8,971,693
						9,241,671		8,971,693

					2021		2020
				Notes	5	5	2
Cash flows from operating		activities
Cash generated from operations				20		271,617		31,667
Investing	activities
Purchase	oftangible fixed assets				(43,470)		(403,806)
Proceeds	on disposal oftangible		fixed
assets					171,786
Purchase	ofinvestment property				(171,247)		(265,173)
Purchase	ofother investments				(3,689)		(4,501)
Investment	income received				162,371		178,079
Net cash	generated from/(used		in)
investing	activities					115,751		(495,401)
Net cash	used in financing	activities
Net increase/(decrease) in		cash	and	cash
equivalents						387,368		(463,734)
Cash and	cash equivalents	at beginning		ofyear		522,027		985,761
Cash and	cash equivalents	at end of		year		909,395		522,027

Almhouse properties:
General fabric ofthe	building	Over 50Years
Kitchen and bathroom	fixtures and fitting	Over 15years
Central heating systems		Over 15years
Almshouse equipment		10%to 25% on straight	line or reducing	balance

		Unrestricted
		fnllds	Total
		2021	2020
		2	0
Maintenance	charge	376,686	366,699
Other income		4,353	522
Feed in Tariff		5,740	4,723
		386,779	371,944

				Unrestricted
				funds	Total
				2021	2020
				8	6
Rental income				154,797	168,767
Income from listed		investments		7,469	8,511
Interest receivable				105	801
				162,371	178,079
Cost of raising funds
				Unrestricted
				funds	Total
				2021	2020
				8
Investment mana		ement
Rental management		fee		10,900	13,786
Repairs and insurance				10,221	16,244
Rates				5,599	992
Light heat and water				595
Legal and professional			fees	12,892	4,452
Rent free periods				11,680	18,970
Bad debts written	off				12,000
				51,887	66,444

				2021	2020
				6	6
Almshouses
Staff costs				48,857	48,115
Depreciation and impairment				108,589	100,565
Repairs and maintenance				75,275	77,703
Water				21,620	25,143
Electricity and	gas			38,891	33,962
General insurance		and licences		10,121	10,373
Communication	care and		telephone	5,159	4,778
Annual outing,	Christmas		gifts and social expenses	1,616	2,400
Sundry expenses				18
Bad debts written		olf		100
				310,246	303,039
Support costs	(see note 7)			41,226	58,218
Governance costs		(see note 7)		6,399	6,147
				357,871	367,404

Supportcosts
	Support	Governance	2021	Support	Governance	2020
	costs	costs		costs	costs
	6	6	6	f	5
Staff costs	34,891		34,891	48,255		48,255
Depreciation	1,283		1,283	2,331		2,331
Telephone	2,255		2,255	2,015		2,015
Office expenses	1,768		1,768	2,528		2,528
Bank charges	542		542	559		559
Legal fees	80		80	2,110		2,110
Sundry expenses
	407		407	420		420
Audit fees		5,110	5,110		4,890	4,890
Trustees indemnity
insurance
		752	752		739	739
Sundry expenses		537	537		518	518
	41,226	6,399	47,625	58,218	6,147	64,365
Analysed between
Charitable activities	41,226	6,399	47,625	58,218	6,147	64,365

number offull	time equivalent employees by function	was:
		2021	2020
		Number	Number
Almshouses
Administration
Employment	costs	2021	2020
		8	6
Wages and salaries		76,358	90,153
Social security	costs	4,208	1,744
Other pension	costs	3,182	4,473
		83,748	96,370

				Unrestricted	Total
				funds
				2021	2020
				8	f
Revaluation	(losses)/gains	on	investments	19,697	(15,917)

12	Other gains	or losse	s
							Unrestricted	Total
							funds
							2021	2020f
	Profit on disposal offreehold			almshouse			110,889
13	Tangible fixed assets
					Almshouses	Almshouse	Office	Total
					and land	equipment	equipment
					8	F	F
	Cost
	At 1 January	2021			5,058,007	49,506	13,662	5,121,175
	Additions				43,470			43,470
	Disposals				(67,182)			(67,182)
	At 31 December 2021				5,034,295	49,506	13,662	5,097,463
	Depreciation	and impairment
	At 1 January	2021			570,990	7,580	12,150	590,720
	Depreciation	charged	in the year		101,695	6,894	1,283	109,872
	Eliminated in respect ofdisposals				(6,285)			(6,285)
	At 31 December 2021				666,400	14,474	13,433	694,307
	Carrying amount
	At 31 December 2021				4,367,895	35,032	229	4,403,156
	At 31 December 2020				4,487,017	41,926	1,512	4,530,455
14	Investment	property
								2021
								6
	Fair value
	At 1 January	2021						3,699,657
	Improvements	(Flat 2 Monday		Market Street &	20 Sedgefield Gardens)			171,247
	At 31 December 2021							3,870,904

If investment	properties	were stated on an historical cost basis rather than a fair value basis, the amounts	were stated on an historical cost basis rather than a fair value basis, the amounts
would have	been included as follows:
		2021	2020
		f
Cost		1,354,893	1,183,646

Fixed as	set investments
		Listed
		investments
		5
Cost or	valuation
At 1 January 2021		207,833
Additions		3,689
Valuation	changes	19,697
At 31 December 2021		231,219
Carrying	amount
At 31 December 2021		231,219
At 31 December 2020		207,833

Debtors	Debtors
Amounts falling due within one year:		2021f	2020 5
Trade debtors		22,767	24,749
Other debtors		4,750	3,380
Prepayments	and accrued income	8,852	8,614
		36,369	36,743

											2021	2021		2020
												6
Trade creditors											188,462			6,989
Other creditors											453			601
Accruals and deferred					income						20,457			17,432
											209,372			25,022
Unrestdcted		funds
The unrestricted			funds		of the charity	also include		designated	funds	which	have been	set	aside	by the
trustees for	specific			purposes.
								Movement	in funds
				Balance at 1		Incoming	Resources		Transfers		Investments		Balance at 31
					January	resources		expended			gains/losses		December
					2021									2021
					f.	6		E				6		6
Designated		funds
Extraordinary		repair
and development
fund					326,581				181,030					507,611
Cyclical
maintenance		fund			65,000					45,000				110,000
Fixed assets		fund:
Almshouse	assets				4,530,455			(109,872)	(128,316)		110,889		4,403,156
Fixed assets		fund:
Investment
properties					3,699,657				171,247				3,870,904
					8,621,693			(109,872)	268,961		110,889		8,891,671
General funds					350,000	549,150		(299,886)	(268,961)		19,697			350,000
					8,971,693	549,150		(409,758)			130,586		9,241,671

Cash generated from	operations	operations				2021f	2020
Surplus for the year						159,089	100,258
Adjustments for:
Investment income recognised		in statement		offinancial	activities	(162,371)	(178,079)
Fair value gains and losses on		investments				(19,697)	15,917
Depreciation and impairment oftangible			fixed assets			109,872	102,896
Movements in working	capital:
Decrease in debtors						374	15,812
Increase/(decrease) in	creditors					184,350	(25,137)
Cash generated from	operations					271,617	31,667