2022-12-31-accounts - Ramsey Welfare Charities

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			2022			2021
		Unrestricted Restricted Endowment			Total
		Funds Funds Funds			Funds
		(Jones Court)
		£	£	£	£	£
	Note
Income and Endowments from:
Charitable activities	2	12,298	233,095		245,393	229,489
Investments Donations and legacies	3 4	18,411	27		18,438	18,1115
Total Income		30,709	233,122		263,831	247,605
Expenditure on:
Charitable activities;
Costs of activities in furtherance of the
objects of the Charity 5		20,049	249,313		269,362	200,577
Governance costs 6		1,773	13,367		15,140	13,447
Raising funds	7	776			776	3,225
Total Expenditure		22,598	262,680		285,278	217,249
Net Income before Unrealised Gains		8,111	(29,558)		(21,447)	30,356
Unrealised Gains on
Investment Assets	11	(7,061)		(4,171)	(11,232)	16,077
Net Income		1,050	(29,558)	(4,171)	(32,679)	46,433
Transfers between Funds
Net Movement in Funds		1,050 (29,558)		(4,171) (32,679)		46,433
Reconciliation of Funds:
Fund balances brought forward
at 1 January 2021		303,644 416,925		165,881 886,450		840,017
Fund balances carried forward at
31 December 2022		304,694 387,367 161,710 853,771				886,450

			2022	2021
Note		£	£	£ £
Fixed Assets
Tangible Fixed Assets	10		351,382	335,349
Investments	11		494,967	506,198
			846,349	841,547
Current Assets
Debtors & prepayments	12	1,698		1,698
National Savings Income Bonds		2,000		2,000
Cash at Bank and in Hand		291,263		335,577
		294,961		339,275
Creditors: Amounts falling due
within one year 13 &	18	15,100		20,179
Net Current Assets			279,861	319,096
Total assets less current liabilities			1,126,210	1,160,643
Creditors: Amounts falling due
after more than one year 14			(272,439)	(274,193)
Net Assets 15			853,77-T	886,450
FUNDS
Endowment Fund			161,710	165,881
Restricted Reserves 16
Jones Court Ordinary Fund			68,657	52,844
Jones Court Extension Fund			121,949	124,138
Jones Court Cyclical Maintenance Fund			196,761	239,943
Unrestricted Reserves
Relief in Need & Almshouse General Fund			200,812	195,396
Almshouse Cyclical Maint. Fund (Desg'd)			32,480	29,786
Almshouse Extraordinary Repair Fund (Desg'd)			71,402	78,462
			853,771	886,450

	2022	2021
	£ £ £	£
	General Restricted Totals	Total
	Fund Fund Funds	Funds
Contributions from Tenants Letting of Guest room	12,298 232,917 245,215 98 98	229,429 60
Miscellaneous	80 80	0
	12,298 233,095 245,393	229,489

		2022		2021
	£	£	£	£
	General Restricted		Totals	Total
	Fund Fund		Funds	Funds
Employee costs (note 8)		37,443	37,443	37,059
Repairs and Maintenance	4,121 31,040		35,161	35,110
Cleaning		4,794	4,794	4,517
Insurance	994 5,917		6,911	6,349
Cyclical repairs		87,130	87,130	31,564
Garden maintenance		14,779	14,779	8,085
Heating & lighting		26,497	26,497	33,361
Water rates	285	4,682	4,967	5,426
Interest on loan from Housing Corporation		16,921	16,921	17,077
Bank loan fees & interest	6,307		6,307	5,103
Loan interest prior year underprovision	7,076		7,076
Sundry expenses	141	1,919	2,060	1,974
Payment re Jones Court				179
Proportion of Clerk's remuneration	1,125	5,999 7,124		6,762
Depreciation of Jones Court		1,624 1,624		1,468
Depreciation of extension to Jones Court		2,189 2,189		2,189
Depreciation of furniture & fittings		8,379 8,379		4,354
	20,049	249,313	269,362	200,577

OF GOVERNANCE OF THE CHARITY
	2022	2021
	£ £ £	£
	General Restricted Totals	Total
	Fund Fund Funds	Funds
Proportion of Clerk's remuneration	1,125 5,999 7,124	6,762
Telephone	2,441 2,441	1,909
Postage, printing, stationery & adverts	1,306 1,306	1,023
Council tax paid on units	25 25	157
Accountancy & Audit	648 3,596 4,244	3,596
	1,773 13,367 - 15,140	13,447

2022 2021
Salaries and wages 35,214 34,830 National Insurance 1,576 1,576
Pension scheme 653 653
37,443 37,059

10. TANGIBLE FIXED ASSETS
	Freehold	Fixtures
	Land and	and
	Buildings	Fittings	Total
	£	£	£
Cost
at 1 January 2022 Additions	1,591,646	22,444 28,225	1,614,090 28,225
Fully depreciated assets written off			0
at 31 December 2022	1,591,646	50,669	1,642,315
Less: Housing Association Grant	(1,196,568)		(1,196,568)
Net cost at 31 December 2022	395,078	50,669	445,747
Depreciation
at 1 January 2022 Charge for the year Depreciation written off	65,022 3,813	17,151 8,379	82,173 12,192 0
at 31 December 2022	68,835	25,530	94,365
Net book value
at 31 December 2022	326,243	25,139	351,382
at 31 December 2021	330,056	5,293	335,349

11. FIXED ASSET INVESTMENTS
	2022	2021
	£	£
Listed investments
Market value 1 January 2022
COIF - Income shares (Endowment Fund)	35,865	31,409
Accumulation Shares (General Fund)	78,463	66,842
	114,328	98,251
Net unrealised investment gains (losses)	(11,231)	16,077
Market value 31 December 2022	103,097	114,328
Freehold Investment Property
House at 99 Great Whyte, Ramsey - at valuation 31 December 2019	160,000	160,000
House at 97 Great Whyte, Ramsey - cost 29 October 2018	153,633	153,633
	313,633	313,633
Tenanted Land held for investment
Market value 1 January 2020
3.475 acres land, Stocking Fen, Ramsey	10,425	10,425
4.104 acres land, Ramsey Forty Foot	12,312	12,312
5.500 acres land, Ramsey Forty Foot	16,500	16,500
6.000 acres land, The Hollow, Ramsey	39,000	39,000
	78,237	78,237
Net unrealised investment gains (losses)
Market value 31 December 2020	78,237	78,237
	494,967	506,198
12.DEBTORS
	2022	2021
	£	£
Amounts due to restricted fund (creditor in the General Fund)	1,697	1,697
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2022	2021
	£	£
Trade Creditors & Bank Loans	15,100	20,179

	Tangible		Other Net Long Term
	Fixed Assets	Invsts. Curr. Assets Liabilities Total
			£
Endowment Fund	37,000	122,710	2,000 161,710
Restricted Funds
Jones Court - General	192,433		38,084 (161,860) 68,657
Jones Court - New Building	121,949		121,949
Jones Court- CMF			196,761 196,761
Unrestricted Funds	351,382	122,710 372,257	236,845 (161,860) 549,077 43,016 (110,579) 304,694
	351,382	494,967	279,861 (272,439) 853,771