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|The trustees as at 31 December 2023 and|on the date the Trustees'
Report was approved
were as follows:|on the date the Trustees'
Report was approved
were as follows:|
|---|---|---|
|Mr SMcGregor-Johnson|Chairman
and Chair ofthe Standing
Committee,||
||member ofthe Finance &Stafling 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 PBennett|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 ofCommercial
Properties
Committee|and|
||member ofthe Standing
Committee.||
|Mr RAkerman|Chair of Community
&Social Committee,
member||
||ofFinance &Staffing Committee,
member ofthe||
||Selection &Welfare,
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|Chair ofthe Selection &Welfare Committee,||
||member Properties
Committee
and member of|the|
||Standing
Committee||
|Mr D Burgess|Member ofthe Properties
Committee||
|Mr P Kent|Member ofthe Properties
and Commercial||
||Properties
Committee||
##
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|Principal address|Slade House||
|---|---|---|
||St James' Gardens||
||Devizes||
||Wiltshire||
||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||
||Vwts hire||
||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 ofTrustees'||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|
|---|---|---|---|---|---|---|---|---|
||||||||funds|funds|
||||||||2023|2022|
|||||||Notes|E|f|
|~ln ~m!JrrLm.|||||||||
|Voluntary
income||||||3|509||
|Charitable
activities||||||4|441,520|386,573|
|Investments||||||5|196,446|175,504|
|Total income|||||||638,475|562,077|
|EZg~ni ~rn:|||||||||
|(dtstJt(Jsisinafuads|||||||||
|Investment
management||||||8|54,130|70,195|
|Charitable
activities||||||7|480,345|447,816|
|Total resources expended|||||||534,475|518,011|
|N
in
m
fore||ai|losses|n|v||104,000|44,066|
|Net gains/(losses)|on investments|||||12|4,483|(401,742)|
|Net incoming/(outgoing)|||resources||||108,483|(357,676)|
|Other recognised||gains and losses|||||||
|Profit on disposal offreehold
investment||||property||13|9,959||
|Net movement
in|funds||||||118,442|(357,676)|
|Fund balances at 1||January|2023||||8,883,995|9,241,671|
|Fund balances at|31 December 2023||||||9,002,437|8,883,995|
##
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##
|||||2023|2022||
|---|---|---|---|---|---|---|
||||Notes|6|||
|Fixed assets|||||||
|Tangible assets|||14|4,313,351||4,401,935|
|Investment
properties|||15|3,108,434||3,495,000|
|Investments|||16|238,632||228,968|
|||||7,660,417||8,125,903|
|Current assets|||||||
|Debtors|||17|41,513|43,684||
|Cash at bank and in|hand|||1,354,156|770,950||
|||||1,395,669|814,634||
|Creditors: amounts|falling due within||18||||
|one year||||(53,649)|(56,542)||
|Net current assets||||1,342,020||758,092|
|Total assets less current||liabilities||9,002,437||8,883,995|
|Income funds|||||||
|~Unr ~ri
gfi funds|||||||
|Designated
funds||||8,602,437|8,533,995||
|General funds||||400,000|350,000||
|||||9,002,437||8,883,995|
|||||9,002,437||8,883,995|
##
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|||||2023||2022||
|---|---|---|---|---|---|---|---|
||||Notes|6||g||
|Cash flows from operating||activities||||||
|Cash generated
from/(absorbed
by)|||21|||||
|operations|||||27,330||(175,487)|
|Investing|activities|||||||
|Purchase|oftangible
fixed assets|||(31,914)||(114,875)||
|Purchase|of investment
property|||(13,434)||(18,872)||
|Proceeds|on disposal ofinvestment|||||||
|properly||||409,959||||
|Purchase|ofother investments|||(5,181)||(4,715)||
|Investment|income received|||196,446||175,504||
|Net cash|generated
from investing|||||||
|activities|||||555,876||37,042|
|Net cash|used in financing|activities||||||
|Net increase/(decrease)
in||cash and cash||||||
|equivalents|||||583,206||(138,445)|
|Cash and|cash equivalents|at beginning|ofyear||770,950||909,395|
|Cash and|cash equivalents|at end of|year||1,354,156||770,950|
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|5|Investments|||
|---|---|---|---|
|||Unrestricted||
|||funds|Total|
|||2023|2022|
|||E|8|
||Rental income|177,079|166,226|
||Income from listed investments|9,534|8,724|
||Interest receivable|9,833|554|
|||196,446|175,504|
|6|Cost of raising funds|||
|Cost of raising fun|ds||||
|---|---|---|---|---|
||||Unrestricted||
||||funds|Total|
||||2023|2022|
|v||n|||
|Rental management|fee||19,496|14,828|
|Repairs and insurance|||25,510|52,041|
|Rates|||1,318|1,781|
|Legal and professional||fees|7,806|1,545|
||||54,130|70,195|
##
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|||||2023f|2022
8|
|---|---|---|---|---|---|
|Almshouses||||||
|Staff costs||||70,997|64,192|
|Depreciation
and impairment||||117,961|115,882|
|Travelling
expenses||||77||
|Repairs and maintenance||||82,470|117,085|
|Water||||18,944|18,667|
|Electricity and gas||||97,078|52,260|
|General insurance||and licences||12,365|10,791|
|Communication
care and|||telephone|8,134|4,540|
|Annual
outing, Christmas|||gifts and social expenses|3,772|3,897|
|Sundry expenses|||||19|
|Bad debts written|off||||527|
|||||411,798|387,860|
|Support costs (see||note 8)||61,140|53,273|
|Governance
costs|(see note 8)|||7,407|6,683|
|||||480,345|447,816|
##
|||Total|Total|
|---|---|---|---|
|||2023|2022|
|||8|8|
|Staff costs||51,803|46,002|
|Depreciation||2,537|214|
|Telephone||4,295|3,612|
|Oflice expenses||1,997|1,853|
|Bank charges||277|334|
|Equipment|hire|135|620|
|Sundry expenses||96|638|
|Governance||7,407|6,683|
|||68,547|59,956|
##
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|Support|costs allocated to activities|costs allocated to activities||(Continued)|
|---|---|---|---|---|
||||2023|2022|
|Governance costs comprise:||||6|
|Audit fees|||6,060|5,370|
|Trustee|indemnity|insurance|756|756|
|Sundry|expenses||591|557|
||||7,407|6,683|
##
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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 5 (2022 -6) and
was:
t|he average|
|---|---|---|---|
|||2023|2022|
|||Number|Number|
|Almshouses||||
|Administration||||
|Employment|costs|2023|2022|
|||8||
|Wages and salaries||108,072|98,685|
|Social security|costs|8,477|7,522|
|Other pension|costs|6,251|3,987|
|||122,800|110,194|
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|||||Unrestricted|Total|
|---|---|---|---|---|---|
|||||funds||
|||||2023|2022|
|||||6|8|
|Revaluation|(losses)/gains|on investments||4,483|(401,742)|
|Other gains|or losses|||||
|||||Unrestricted|Total|
|||||funds||
|||||2023|2022|
|||||6||
|Profit on disposal offreehold||investment|property|9,959||
##
|Tangible fixed assets||||||
|---|---|---|---|---|---|
|||Almshouses|Almshouse|Office|Total|
|||and land|equipment|equipment||
|||6|6|||
|Cost orvaluation||||||
|At 1 January 2023||5,143,501|49,506|12,718|5,205,725|
|Additions||26,394|1,920|3,600|31,914|
|Disposals||||(1,801)|(1,801)|
|At 31 December 2023||5,169,895|51,426|14,517|5,235,838|
|Depreciation
and Impairment||||||
|At 1 January 2023||775,388|21,368|7,034|803,790|
|Depreciation
charged|in the year|110,747|7,214|2,537|120,498|
|Eliminated
in respect ofdisposals||||(1,801)|(1,801)|
|At 31 December 2023||886,135|28,582|7,770|922,487|
|Carrying
amount||||||
|At 31 December 2023||4,283,760|22,844|6,747|4,313,351|
|At 31 December 2022||4,368,113|28,138|5,684|4,401,935|
##
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|Investment
property|||
|---|---|---|
|||2023|
|||6|
|Fair value|||
|At 1 January 2023||3,495,000|
|Improvements
(Flat 2 Monday|Market Street &20 Sedgefield Gardens)|13,434|
|Sale proceeds: 16The Market|Place, Devizes|(409,959)|
|Profit on disposal||9,959|
|At 31 December 2023||3,108,434|
|If investment
properties
were stated on an
would have been included as follows:|historical cost basis rather
than a fair value basis,|the amounts|
|---|---|---|
||2023|2022|
||6||
|Cost|1,382,587|1,373,765|
##
|Fixed asset investments||
|---|---|
||Listed|
||investments|
|Cost orvaluation||
|At 1 January 2023|228,968|
|Additions|5,181|
|Valuation
changes|4,483|
|At 31 December 2023|238,632|
|Carrying
amount||
|At 31 December 2023|238,632|
|At 31 December 2022|228,968|
##
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|Debtors||||
|---|---|---|---|
|||2023|2022|
|Amounts
falling due within one year:||5||
|Trade debtors||30,662|36,951|
|Other debtors||3,934|882|
|Prepayments|and accrued income|6,917|5,851|
|||41,513|43,684|
|18|Creditors: amounts|falling due within one year|||
|---|---|---|---|---|
||||2023|2022|
|||||6|
||Trade creditors||25,019|30,200|
||Other creditors||606|544|
||Accruals and deferred|income|28,024|25,798|
||||53,649|56,542|
##
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|The unrestricted
funds|The unrestricted
funds|ofthe charity|also include|designated
funds|which have been set aside|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|
|||2023f|F|f|f|f|2023
f|
|Designated|funds|||||||
|Extraordinary|repair|||||||
|and development
fund||447,060|||633,592||1,080,652|
|Cyclical||||||||
|maintenance|fund|190,000|||(90,000)||100,000|
|Fixed assets fund:||||||||
|Almshouse|assets|4,401,935||(120,498)|31,914||4,313,351|
|Fixed assets fund:||||||||
|Investment||||||||
|properties||3,495,000|||(396,525)|9,959|3,108,434|
|||8,533,995||(120,498)|178,981|9,959|8,602,437|
|General funds||350,000|638,475|(413,977)|(178,981)|4,483|400,000|
|||8,883,995|638,475|(534,475)||14,442|9,002,437|
##
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|21|Cash generated
from|operations|operations||||2023|2022|
|---|---|---|---|---|---|---|---|---|
||||||||8|6|
||Surplus/(deficit)
for the|year|||||108,483|(357,676)|
||Adjustments
for:||||||||
||Investment
income recognised||in|statement||offinancial activities|(196,446)|(175,504)|
||Fair value gains and losses on||investments||||(4,483)|401,742|
||Depreciation
and impairment
oftangible||||fixed assets||120,498|116,096|
||Movements
in working|capital:|||||||
||Decrease/(increase)
in|debtors|||||2,171|(7,315)|
||(Decrease) in creditors||||||(2,893)|(152,830)|
||Cash generated
from/(absorbed|||by) operations|||27,330|(175,487)|