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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|
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|||||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|
##
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##
|||||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|
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|||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|
##
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|||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|
##
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##
|||||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|
##
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##
|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|
##
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|||||||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|
##
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|14|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|
##
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##
|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|
##
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##
|20|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|