2022-12-31-accounts - Devizes Almshouse Charity

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Mr SMcGregor-Johnson	Chairman and Chair ofthe Standing Committee,	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 &Stafling Committee,
	member of Selection &Welfare Committee,
	member ofCommercial Properties Committee	and
	member ofthe Standing Committee
Mr DSW Elliott	Member ofthe Finance 8 Staffing Committee,
	member of Properties 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 8 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

Officers
Mr P Bennett	Treasurer
Mrs R Jeffries	Clerk
Mrs LMcGuffog	Assistant	Clerk
Mrs JChesham	Warden
Mr A Kettlety	Properties	and Maintenance	Coordinator
Charity number	204453
Principal address	Slade House
	St James'	Gardens
	Devizes
	Wiltshire
	SN10 1EL

David Owen	&Co	&Co
17The Market Place
Devizes
Wiltshire
SN10 1BA
Lloyds Bank	pic
38The Market Place
Devizes
Wlltshire
SN10 1JD
Awdry, Bailey and Douglas
33St Johns	Street
Devizes
Wiltshire
SN10 1BW
The Almshouse		Association
Billingbear Lodge
Maidenhead	Road
Wokingham
Berkshire
RG40 5RU
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	6-8
Statement	offinancial	activities
Balance sheet			10
Statement	ofcash flows
Notes to	the financial	statements	12-22

				Unrestricted Unrestricted	Unrestricted Unrestricted
				funds	funds
				2022	2021
			Notes	6	6
~tnc m~frfmi
Charitable activities			3	386,573	388,779
Investments			4	175,504	162,371
Total income				562,077	549,150
gK~ni gtS QK
~Cost of ~iinc~nfi
Investment management			5	70,195	51,887
Charitable activities			6	447,816	357,871
Total resources expended				518,011	409,758
Net incom f	ain	nd losses on investments		44,066	139,392
Net gains/(losses)	on investments		11	(401,742)	19,697
Net (outgoing)/incoming		resources		(357,B76)	159,089
Other recognised	gains and losses
Profit on disposal offreehold almshouse			12		110,889
Net movement in	funds			(357,676)	269,978
Fund balances at 1 January 2022				9,241,671	8,971,693
Fund balances at	31December 2022			8,883,995	9,241,671

				2022		2021
			Notes			6	8
Fixed assets
Tangible assets			13		4,401,935		4,403,156
Investment	properties		14		3,495,000		3,870,904
Investments			15		228,968		231,219
					8,125,903		8,505,279
Current assets
Debtors				43,684		36,369
Cash at bank and in		hand		770,950		909,395
				814,634		945,764
Creditors:	amounts	falling due within	17
one year				(56,542)		(209,372)
Net current	assets				758,092		736,392
Total assets less current liabilities					8,883,995		9,241,671
Income funds
~Uti t	df		18
Designated	funds			8,533,995		8,891,671
General funds				350,000		350,000
					8,883,995		9,241,671
					8,883,995		9,241,671

					2022		2021
				Notes	g
Cash flows from operating		activities
Cash (absorbed by)/generated		from		20
operations						(175,487)		271,617
Investing	activities
Purchase	oftangible fixed assets				(114,875)		(43,470)
Proceeds	on disposal oftangible		fixed
assets							171,786
Purchase	ofinvestment property				(18,872)		(171,247)
Purchase	ofother investments				(4,715)		(3,689)
Investment	income received				175,504		162,371
Net cash	generated from investing
activities						37,042		115,751
Net cash	used in financing	activities
Net (decrease)/Increase in cash			and	cash
equivalents						(138,445)		387,368
Cash and	cash equivalents at beginning			ofyear		909,395		522,027
Cash and	cash equivalents	at end of		year		770,950		909,395

		Unrsstdictsd
		funds	Total
		2022	2021
			2
Maintenance	charge	374,214	376,686
Other income		6,887	4,353
Feed in Tariff		5,472	5,740
		386,573	386,779

		Unrestricted
		funds	Total
		2022	2021
		F
Rental	income	166,226	154,797
Income	from listed investments	8,724	7,469
interest	receivable	554	105
		175,504	162,371

			Unrestricted
			funds	Total
			2022	2021
			6	8
Investment mana	ement
Rental management	fee		14,828	10,900
Repairs and insurance			52,041	10,221
Rates			1,781	5,599
Light heat and water				595
Legal and professional		fees	1,545	12,892
Rent free periods				11,680
			70,195	51,887

				2022	2021
				6	8
Almshouses
Staffcosts				64,192	48,857
Depreciation and impairment				115,882	108,589
Repairs and maintenance				117,085	75,275
Water				18,667	21,620
Electricity and	gas			52,260	38,891
General insurance		and licences		10,791	10,121
Communication	care and telephone			4,540	5,159
Annual outing,	Christmas		gifts and social expenses	3,897	1,616
Sundry expenses				19	18
Bad debts written		olf		527	100
				387,860	310,246
Support costs	(see note		7)	53,273	41,226
Governance costs		(see note 7)		6,683	6,399
				447,816	357,871

Supportcosts
	Support	Governance	2022	Support	Governance	2021
	costs	costs		costs	costs
	8	8		8	f
Staff costs	46,002		46,002	34,891		34,891
Depreciation	214		214	1,283		1,283
Telephone	3,612		3,612	2,255		2,255
Office expenses	1,853		1,853	1,768		1,768
Bank charges	334		334	542		542
Legal fees				80		80
Equipment hire	620		620
Sundry expenses	638		638	407		407
Audit fees		5,370	5,370		5,110	5,110
Trustees indemnity insurance		756	756		752	752
Sundry expenses		557	557		537	537
	53,273	6,683	59,956	41,226	6,399	47,625
Analysed between
Charitable activities	53,273	6,683	59,956	41,226	6,399	47,625

The average number of full	monthly number of full and part time time equivalent employees by function	staff during the year was 6 (2021 -7) and t was:	he average
		2022	2021
		Number	Number
Almshouses
Administration
Employment	costs	2022	2021
			8
Wages and salaries		98,685	76,358
Social security	costs	7,522	4,208
Other pension	costs	3,987	3,182
		110,194	83,748

Net gains/(l	osses) on inv	estm	ents
				Unrestricted	Total
				funds
				2022	2021
Revaluation	(losses)/gains	on	investments	(401,742)	19,697

						2021 6
	Profit on disposal offreehold almshouse					(110,889)
13	Tangible fixed assets
			Almshouses	Almshouse	Ofnoe	Total
			and land	equipment	equipment
	Cost or valuation
	At 1 January 2022		5,034,295	49,506	13,662	5,097,463
	Additions		109,206		5,669	114,875
	Disposals				(6,613)	(6,613)
	At 31 December 2022		5,143,501	49,506	12,718	5,205,725
	Depreciation and Impairment
	At 1 January 2022		566,400	14,474	13,433	694,307
	Depreciation charged	in the year	108,988	6,894	214	116,096
	Eliminated in respect ofdisposals				(6,613)	(6,613)
	At 31 December 2022		775,388	21,368	7,034	803,790
	Carrying amount
	At 31 December 2022		4,368,113	28,138	5,684	4,401,935
	At 31 December 2021		4,367,895	35,032	229	4,403,156

Investment	property	property
					2022
					6
Fair value
At 1 January	2022				3,870,904
Improvements	(Flat	2 Monday	Market Street &20 Sedgegeld	Gardens)	18,872
Net losses through		fair value	adjustments		(394,776)
At 31 December 2022					3,495,000

If investment properties were stated on an would have been included as follows:	historical cost basis rather than a fair value basis,	the amounts
	2022	2021
	g
Cost	1,373,765	1,354,893

Fixed asset investments
	Listed
	Investments
Cost orvaluation
At 1 January 2022	231,219
Additions	4,715
Valuation changes	(6,966)
At 31 December 2022	228,968
Carrying amount
At 31 December 2022	228,968
At 31 December 2021	231,219

16	Debtors
				2022	2021
	Amounts falling due		within one year:	6	6
	Trade debtors			36,951	22,767
	Other debtors			882	4,750
	Prepayments	and accrued income		5,851	8,852
				43,684	36,369
17	Creditors: amounts		falling due within one year
				2022	2021
					8
	Trade creditors			30,200	188,462
	Other creditors			544	453
	Accruals and	deferred	income	25,798	20,457
				56,542	209,372

					Movement	in funds
			Balance at 1	Incoming	Resources	Transfers	Investments	Balance at 31
			January 2022	resources	expended		gains/losses	December 2022
			E	E	E	E	E	E
Designated		funds
Extraordinary		repair
and development fund			507,611			(60,551)		447,060
Cyclical maintenance		fund	110,000			80,000		190,000
Fixed assets		fund:
Almshouse	assets		4,403,156		(116,096)	114,875		4,401,935
Fixed assets		fund:
Investment
properties			3,870,904			18,872	(394,776)	3,495,000
			8,891,671		(116,096)	153,196	(394,776)	8,533,995
General funds			350,000	562,077	(401,915)	(153,196)	(6,966)	350,000
			9,241,671	562,077	(518,011)		(796,518)	8,883,995

Cash generated from	operations	operations				2022	2021
						6	5
(Deficit)/surplus for the	year					(357,676)	159,089
Adjustments for:
Investment income recognised		in statement		offinancial	activities	(175,504)	(162,371)
Fair value gains and losses on		investments				401,742	(19,697)
Depreciation and impairment oftangible			fixed assets			116,096	109,872
Movements in working	capital:
(Increase)/decrease in	debtors					(7,315)	374
(Decrease)/increase in	creditors					(152,830)	184,350
Cash (absorbed by)/generated		from operations				(175,487)	271,617