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2024-12-31-accounts
|
Page |
| Report of the Trustees |
1 to 2 |
| Independent Examiner's Report |
3 |
| Statement of Financial Activities |
4 |
| Balance Sheet |
5 |
| Notes to the Financial Statements |
6 to 9 |
| Detailed Statement of Financial Activities |
10 |
|
|
|
|
31.12.24 |
31.12.23 |
|
|
Unrestricted |
Endowment |
Total |
Total |
|
|
fund |
fund |
funds |
funds |
|
Notes |
£ |
£ |
£ |
£ |
| INCOME AND ENDOWMENTS FROM |
|
|
|
|
|
| Investment income |
2 |
43,505 |
- |
43,505 |
38,523 |
| EXPENDITURE ON |
|
|
|
|
|
| Raising funds |
3 |
22,743 |
- |
22,743 |
18,959 |
| Charitable activities |
|
|
|
|
|
| For the support of the residents of the |
|
|
|
|
|
| Almshouses |
|
222 |
- |
222 |
1,212 |
| Other |
|
733 |
- |
733 |
- |
| Total |
|
23,698 |
- |
23,698 |
20,171 |
| Net gains on investments |
|
- |
8,974 |
8,974 |
12,552 |
| NET INCOME |
|
19,807 |
8,974 |
28,781 |
30,904 |
| RECONCILIATION OF FUNDS |
|
|
|
|
|
| Totalfunds brought forward |
|
133,869 |
354,212 |
488,081 |
457,177 |
| TOTAL FUNDS CARRIED FORWARD |
|
153,676 |
363,186 |
516,862 |
488,081 |
|
|
|
|
31.12.24 |
31.12.23 |
|
|
Unrestricted |
Endowment |
Total |
Total |
|
|
fund |
fund |
funds |
funds |
|
Notes |
£ |
£ |
£ |
£ |
| FIXED ASSETS |
|
|
|
|
|
| Tangible assets |
5 |
- |
160,000 |
160,000 |
160,000 |
| Investments |
6 |
- |
203,186 |
203,186 |
194,212 |
|
|
- |
363,186 |
363,186 |
354,212 |
| CURRENT ASSETS |
|
|
|
|
|
| Debtors |
7 |
28,973 |
- |
28,973 |
23,381 |
| Cash at bank |
|
125,093 |
- |
125,093 |
111,658 |
|
|
154,066 |
- |
154.066 |
135,039 |
| CREDITORS |
|
|
|
|
|
| Amounts falling due within one year |
8 |
(390) |
- |
(390) |
(1,170) |
| NET CURRENT ASSETS |
|
153,676 |
- |
153,676 |
133,869 |
| TOT AL ASSETS LESS CURRENT’ |
|
|
|
|
|
| LIABILITIES |
|
153,676 |
363,186 |
516,862 |
488,081 |
| NET ASSETS |
|
153,676 |
363,186 |
516,862 |
488,081 |
| FUNDS |
9 |
|
|
|
|
| Unrestricted funds |
|
|
|
153,676 |
133,869 |
| Endowment funds |
|
|
|
363,186 |
354,212 |
| TOTAL FUNDS |
|
|
|
516,862 |
488,081 |
| INVESTMENT INCOME |
|
|
|
31.12.24 |
31.12.23 |
|
£ |
£ |
| Residents contributions |
42,310 |
37,395 |
| Dividend Income |
892 |
880 |
| Deposit account interest |
303 |
248 |
|
43,505 |
38,523 |
| Investment management costs |
|
|
|
31.12.24 |
31.12.23 |
|
£ |
£ |
| Insurance |
1,302 |
1,440 |
| Property repairs |
2,935 |
4,286 |
| Utilities |
18,506 |
13,233 |
|
22,743 |
18,959 |
| TANGIBLE FIXED ASSETS |
|
|
Freehold |
|
property |
|
£ |
| COST |
|
| At 1 January 2024 and 31 December 2024 |
160,000 |
| NET BOOK VALUE |
|
| At 31 December 2024 |
160,000 |
| At 31 December 2023 |
160,000 |
| FIXED ASSET INVESTMENTS |
|
|
Listed |
|
investments |
|
£ |
| MARKET VALUE |
|
| At 1 January 2024 |
194,212 |
| Revaluations |
8,974 |
| At 31 December 2024 |
203,186 |
| NET BOOK VALUE |
|
| At 31 December 2024 |
203,186 |
| At 31 December 2023 |
194,212 |
| 7. DEBTORS: AMOUNTS FALLING DU |
E WITHIN ONE YE |
AR |
|
|
|
|
|
|
|
31.12.24 |
31.12.23 |
|
|
|
|
£ |
£ |
| Other debtors |
|
|
|
28,973 |
23,038 |
| Prepayments |
|
|
|
- |
343 |
|
|
|
|
28,973 |
23,381 |
| 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE |
|
YEAR |
|
|
|
|
|
|
|
31.12.24 |
31.12.23 |
|
|
|
|
£ |
£ |
| Other creditors |
|
|
|
390 |
1,170 |
| 9. MOVEMENT IN FUNDS |
|
|
|
|
|
|
|
|
|
Net |
|
|
|
|
|
movement |
At |
|
|
At |
1.1.24 |
in funds |
31.12.24 |
|
|
|
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
|
| General fund |
|
133,869 |
|
19,807 |
153,676 |
| Endowment funds |
|
|
|
|
|
| Expendable Endowment Fund |
|
354,212 |
|
8,974 |
363,186 |
| TOTAL FUNDS |
|
488,081 |
|
28,781 |
516,862 |
| Net movement in funds, included in the above are as follows: |
|
|
|
|
|
|
Incoming |
Resources |
|
Gains and |
Movement |
|
resources |
expended |
|
losses |
in funds |
|
£ |
|
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
|
| General fund |
43,505 |
(23,698) |
|
- |
19,807 |
| Endowment funds |
|
|
|
|
|
| Expendable Endowment Fund |
- |
|
- |
8,974 |
8,974 |
| TOTAL FUNDS |
43,505 |
(23.698) |
|
8,974 |
28,781 |
|
|
Net |
|
|
|
movement |
At |
|
At 1.1.23 |
in funds |
31.12.23 |
|
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
| General fund |
115,517 |
18,352 |
133,869 |
| Endowment funds |
|
|
|
| Expendable Endowment Fund |
341,660 |
12,552 |
354,212 |
| TOTAL FUNDS |
457,177 |
30,904 |
488,081 |
|
Incoming |
Resources |
Gains and |
Movement |
|
resources |
expended |
losses |
in funds |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| General fund |
38,523 |
(20,171) |
- |
18,352 |
| Endowment funds |
|
|
|
|
| Expendable Endowment Fund |
|
- |
12,552 |
12,552 |
| TOTAL FUNDS |
38,523 |
(20,171) |
12,552 |
30,904 |
Detailed Statement of Fi
forthe Year Ended 31 |
nancial Activities
December 2024 |
|
|
31.12.24 |
31.12.23 |
|
£ |
£ |
| INCOME AND ENDOWMENTS |
|
|
| Investment income |
|
|
| Residents contributions |
42,310 |
37,395 |
| Dividend Income |
892 |
880 |
| Deposit account interest |
303 |
248 |
|
43,505 |
38,523 |
| Total incoming resources |
43,505 |
38,523 |
| EXPENDITURE |
|
|
| Investmentmanagement costs |
|
|
| Insurance |
1.302 |
1.440 |
| Property repairs |
2,935 |
4,286 |
| Utilities |
18,506 |
13,233 |
|
22,743 |
18,959 |
| Charitable activities |
|
|
| Telephone and Lifelines |
222 |
626 |
| Support costs |
|
|
| Governance costs |
|
|
| Accountancy and legal fees |
390 |
390 |
| Almshouse Association |
343 |
196 |
|
733 |
586 |
| Totalresources expended |
23.698 |
20.171 |
| Net income |
19,807 |
18,352 |