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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||
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|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|||
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|||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|
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|||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|
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||||||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|
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||||||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|
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|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|
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|||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|
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|||||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|
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|||||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|
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|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|
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|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|
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|||||Unrestricted|Total|
|---|---|---|---|---|---|
|||||funds||
|||||2021|2020|
|||||8|f|
|Revaluation|(losses)/gains|on|investments|19,697|(15,917)|
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|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|
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|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|
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||||||||||||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||
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|20|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|