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2023-12-31-accounts
| Chairman |
Mr J R Clarke |
|
| Other Co-optative Trustees |
Mr WT Cade |
|
|
Mrs M Chapman |
|
|
Mrs S Tingey |
|
| Nominative Trustees |
Mr A Johnston |
|
|
Mr A J Lavender |
(resigned 14/05/24) |
|
Mrs P Taylor |
|
|
Ms G Rayment |
|
|
Ms M D Clarke |
(appointed 14/05/24) |
| Clerk to the Trustees |
Mrs C Johnson |
|
| Principal Address |
Jones Court |
|
|
Great Whyte |
|
|
Ramsey |
|
|
Huntingdon |
|
|
Cambridgeshire |
|
|
PE26 1 HW |
|
| Principal Bankers |
Barclays Bank pic |
|
|
Market Hill |
|
|
Huntingdon |
|
|
Cambridgeshire |
|
| Independent Examiner |
A Newman FCA |
|
|
Whitings LLP |
|
|
Chartered Accountants, Business Advisers |
|
|
and Registered Auditors |
|
|
108 High Street |
|
|
Ramsey |
|
|
Cambridgeshire |
|
|
PE261BS |
|
| Solicitors |
Serjeant & Son |
|
|
3-5 Great Whyte |
|
|
Ramsey |
|
|
Cambridgeshire |
|
|
PE261HE |
|
|
|
|
|
2023 |
|
|
2022 |
|
|
|
Unrestricted Restricted Endowment Total |
|
|
|
|
|
|
|
Funds Funds Funds Funds |
|
|
|
|
|
|
|
(Jones Court) |
|
|
|
|
|
|
|
£ |
£ |
£ |
£ |
£ |
|
Note |
|
|
|
|
|
|
| Income and Endowments from: |
|
|
|
|
|
|
|
| Charitable activities |
2 |
|
13,138 |
237,120 |
|
250,257 |
245,393 |
| Investments |
3 |
|
18,670 |
188 |
|
18,858 |
18,438 |
| Donations and legacies |
4 |
|
|
|
|
|
|
| Total Income |
|
|
31,808 |
237,308 |
|
269,115 |
263,831 |
| Expenditure on: |
|
|
|
|
|
|
|
| Charitable activities: |
|
|
|
|
|
|
|
| Costs of activities in furtherance of |
the |
|
|
|
|
|
|
| objects of the Charity |
|
5 |
17,192 |
227,380 |
|
244,572 |
269,362 |
| Governance costs 6 |
|
|
1,777 |
13,977 |
|
15,755 |
15,140 |
| Raising funds |
|
7 |
|
|
|
|
776 |
| Total Expenditure |
|
|
18,969 |
241,357 |
|
260,326 |
285,278 |
| Net Income before Unrealised Gains |
|
|
12,839 |
(4,050) |
|
8,789 |
(21,447) |
| Unrealised Gains on |
|
|
|
|
|
|
|
| Investment Assets |
11 |
|
8,833 |
|
2,912 11,745 |
|
(11,232) |
| Net Income |
|
|
21,672 |
(4,050) |
2,912 20,534 |
|
(32,679) |
| Transfers between Funds |
|
|
|
|
|
|
|
| Net Movement in Funds |
|
|
21,672 (4,050) 2,912 20,534 |
|
|
|
(32,679) |
| Reconciliation of Funds: |
|
|
|
|
|
|
|
| Fund balances brought forward |
|
|
|
|
|
|
|
| at 1 January 2022 |
|
|
304,694 |
387,367 161,710 |
|
853,771 |
886,450 |
| Fund balances carried forward at |
|
|
|
|
|
|
|
| 31 December 2023 |
|
|
326,366 |
383,317 164,622 |
|
874,305 |
853,771 |
|
2023 |
2022 |
| Note |
£ £ |
£ £ |
| Fixed Assets |
|
|
| Tangible Fixed Assets 10 |
344,755 |
351,382 |
| Investments 11 |
506,712 |
494,967 |
|
851,467 |
846,349 |
| Current Assets |
|
|
| Debtors & prepayments 12 |
33,846 |
1,698 |
| National Savings Income Bonds |
2,000 |
2,000 |
| Cash at Bank and in Hand |
273,409 |
291,263 |
|
309,255 |
294,961 |
| Creditors: Amounts falling due |
|
|
| within one year 13 & 18 |
16,837 |
15,100 |
| Net Current Assets |
292,418 |
279,861 |
| Total assets less current liabilities |
1,143,885 |
1,126,210 |
| Creditors: Amounts falling due |
|
|
| after more than one year 14 |
(269,580) |
(272,439) |
| Net Assets 15 |
874,305 |
853,771 |
| FUNDS |
|
|
| Endowment Fund |
164,622 |
161,710 |
| Restricted Reserves 16 |
|
|
| Jones Court Ordinary Fund |
74,448 |
68,657 |
| Jones Court Extension Fund |
119,760 |
121,949 |
| Jones Court Cyclical Maintenance Fund |
189,109 |
196,761 |
| Unrestricted Reserves |
|
|
| Relief in Need & Almshouse General Fund |
210,608 |
200,812 |
| Almshouse Cyclical Maint. Fund (Desg'd) |
35,522 |
32,480 |
| Almshouse Extraordinary Repair Fund (Desg'd) |
80,236 |
71,402 |
|
874,305 |
853,771 |
|
|
2023 |
|
2022 |
|
£ |
£ |
£ |
£ |
|
General |
Restricted |
Totals |
Total |
|
Fund |
Fund |
Funds |
Funds |
| Contributions from Tenants |
13,138 |
235,981 |
249,119 |
245,215 |
| Letting of Guest room |
|
1,050 |
1,050 |
98 |
| Miscellaneous |
17 |
89 |
106 |
80 |
|
13,155 237,120 |
|
250,274 |
245,393 |
| ESTMENT INCOME |
|
|
|
|
|
|
|
|
2023 |
|
2022 |
|
£ |
|
£ |
£ |
£ |
|
General |
Restricted |
|
Totals |
Total |
|
Fund |
|
Fund |
Funds |
Funds |
| Endowment land rents |
1,974 |
|
|
1,974 |
1,839 |
| Investment property rent |
15,620 |
|
|
15,620 |
15,597 |
| Dividends on investments |
950 |
|
|
950 |
946 |
| Interest received |
109 |
|
188 |
297 |
56 |
|
18,653 |
|
188 |
18,841 |
18,438 |
| NATIONS AND LEGACIES |
|
|
|
2023 |
2022 |
|
£ £ £ |
£ |
|
General Restricted Totals |
Total |
|
Fund Fund Funds |
Funds |
| Donations received |
0 0 |
0 |
|
|
2023 |
|
2022 |
|
£ |
£ |
£ |
£ |
|
General Restricted |
|
Totals |
Total |
|
Fund |
Fund |
Funds |
Funds |
| Employee costs (note 8) |
|
39,019 |
39,019 |
37,443 |
| Repairs and Maintenance |
3,741 |
35,768 |
39,509 |
35,161 |
| Cleaning |
|
2,911 |
2,911 |
4,794 |
| Insurance |
1,059 |
6,183 |
7,242 |
6,911 |
| Cyclical repairs |
970 |
59,775 |
60,745 |
87,130 |
| Garden maintenance |
|
8,125 |
8,125 |
14,779 |
| Heating & lighting |
|
33,053 |
33,053 |
26,497 |
| Water rates |
338 |
4,268 |
4,606 |
4,967 |
| Interest on loan from Housing Corporation |
|
16,748 |
16,748 |
16,921 |
| Bank loan fees & interest |
|
|
0 |
6,307 |
| Loan interest prior year underprovision |
9,914 |
|
9,914 |
7,076 |
| Sundry expenses |
0 |
2,431 |
2,431 |
2,060 |
| Payment re Jones Court |
|
|
0 |
0 |
| Proportion of Clerk's remuneration |
1,170 |
6,238 |
7,408 |
7,124 |
| Depreciation of Jones Court |
|
1,797 |
1,797 |
1,624 |
| Depreciation of extension to Jones Court |
|
2,189 |
2,189 |
2,189 |
| Depreciation of furniture & fittings |
|
8,876 |
8,876 |
8,379 |
|
17,192 |
227,380 |
244,572 |
269,362 |
|
2023 |
2022 |
|
£ £ £ |
£ |
|
General Restricted Totals |
Total |
|
Fund Fund Funds |
Funds |
| Proportion of Clerk's remuneration |
1,170 6,238 7,407 |
7,124 |
| Telephone |
2,622 2,622 |
2,441 |
| Postage, printing, stationery & adverts |
1,688 1,688 |
1,306 |
| Council tax paid on units |
189 189 |
25 |
| Accountancy & Audit |
608 3,240 3,848 |
4,244 |
|
1,777
13,977
15,755 |
15,140 |
| 2023 |
2022 |
| £ £ £ |
£ |
| General Restricted Totals |
Total |
| Fund Fund Funds |
Funds |
| 0 |
776 |
| 2023 2022 |
| Salaries and wages 38,193 35,214 |
| CRB checks 0 0 |
| National Insurance - 1,576 |
| Pension scheme 826 653 |
39.019
37,443 |
| 10. TANGIBLE FIXED ASSETS |
|
|
|
|
Freehold |
Fixtures |
|
|
Land and |
and |
|
|
Buildings |
Fittings |
Total |
|
£ |
£ |
£ |
| Cost |
|
|
|
| at 1 January 2023 |
1,591,646 |
50,669 |
1,642,315 |
| Additions |
|
6,234 |
6,234 |
| Fully depreciated assets written off |
|
|
0 |
| at 31 December 2023 |
1,591,646 |
56,903 |
1,648,549 |
| Less: Housing Association Grant |
(1,196,568) |
|
(1,196,568) |
| Net cost at 31 December 2023 |
395,078 |
56,903 |
451,981 |
| Depreciation |
|
|
|
| at 1 January 2023 |
68,835 |
24,780 |
93,615 |
| Charge for the year |
3,986 |
9,625 |
13,611 |
| Depreciation written off |
|
|
0 |
| at 31 December 2023 |
72,821 |
34,405 |
107,226 |
| Net book value |
|
|
|
| at 31 December 2023 |
322,257 |
22,498 |
344,755 |
| at 31 December 2022 |
326,243 |
25,889 |
352,132 |
| 11. FIXED ASSET INVESTMENTS |
|
|
|
2023 |
2022 |
|
£ |
£ |
| Listed investments |
|
|
| Market value 1 January 2023 |
|
|
| COIF - Income shares (Endowment Fund) |
31,694 |
35,865 |
| Accumulation Shares (General Fund) |
71,403 |
78,463 |
|
103,097 |
114,328 |
| Net unrealised investment gains (losses) |
11,745 |
(11,231) |
| Market value 31 December 2023 |
114,842 |
103,097 |
| 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) |
0 |
0 |
| Market value 31 December 2020 |
78,237 |
78,237 |
|
506,712 |
494,967 |
| 12.DEBTORS |
|
|
|
2023 |
2022 |
|
£ |
£ |
| Amounts due to restricted fund (creditor in the General Fund) |
1,698 |
1,697 |
| Prepayments |
32,148 |
0 |
|
33,846 |
1,697 |
| 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
2023 |
2022 |
|
£ |
£ |
| Trade Creditors & Bank Loans |
16,837 |
15,100 |
|
Tangible |
|
Other Net Long Term |
|
|
Fixed Assets |
Invsts. Curr. Assets Liabilities Total |
|
|
|
|
|
|
£ |
| Endowment Fund |
37,000 |
125,623 2,000 164,623 |
|
|
| Restricted Funds |
|
|
|
|
| Jones Court - General |
187,995 |
|
48,314 (161,860) |
74,449 |
| Jones Court - New Building |
119,760 |
|
|
119,760 |
| Jones Court- CMF |
|
|
189,109 |
189,109 |
|
344,755 |
125,623 |
239,423
(161,860) |
547,941 |
| Unrestricted Funds |
|
381,090 |
52,996
(107,720) |
326,366 |
|
344,755 |
506,713 292,419 (269,580) 874,307 |
|
|
|
|
Transfers |
Transfers |
|
|
|
Balance |
between |
|
|
Balance
Balance |
|
01.01.23 |
Income |
Funds Expenditure |
|
31.12.23
31.12.22 |
| Jones Court - General |
68,657 |
237,121 |
7,839 |
(239,168) |
74,449 68,657 |
| Jones Court - New Building |
121,949 |
|
|
(2,189) |
119,760 121,949 |
| Jones Court-CMF |
196,761 |
187 |
(7,839) |
|
189,109 196,761 |
|
387,367 |
237,307 |
|
(241,357) |
383,317 _387,367 |