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ROBERT PALMER'S ALMSHOUSE CHARITY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR TO 31ST DECEMBER 2023 2022 2023 tNCOMtNG RESOURCES 23,005 1,441 24,446 Weekly Maintenance Charges receivable Interest receivable and other income (note 5) 24,840 7,089 31,929 RESOURCES EXPENDED Services H¢at and light Apportionment from management 150 1,891 2,041 49 1,986 2.035 Management N.A.A. subscription General Carctaker Property insurance Water rates Apportionm¢nt to services 187 578 480 1,308 1,379 1,891 2,041 196 395 480 1,406 1,543 -1,986 2.035 Maintcnance Gardens and allotrnents Cottag¢s - routine r¢pair and Maintenance Cottages - refijrbishment 3,150 20,600 2,904 11,642 23,750 14,546 27,832 18,616 -3.386 Net {lossyincome b¢fore investment gains 13J13 -16,107 Net {lossesygains on investments 18,711 -19,493 NET MOVEMENT EN FUNDS 32,024 321,897 Tolal ndS brought forward 302,404 302,404 TOTAL FUNDS CARRIED FORWARD 334,428 All funds are unrestricted. The ac¢ounts on pages 2 to 6 were approved by the TrUe¢S on 10 October 2024 and s]ed on their behalf by.. Chairniarh - Mr M Hart Treasurer- Mr P Rennie
ROBERT PALMER'S ALMSHOUSE CHARITY BALANCE SHEET AS AT 31ST DECEMBER 2023 2022 2023 FIXED ASSETS 79,323 157,128 236.451 Freehold housing properties at cost (note 2) Investments {note 3) TOTAL FIXED ASSETS 79.323 175,839 255.162 CURRENT ASSETS 196 38,033 29,565 67,795 Deblors (note 7) Cash at bank and in hand Charities deposlt fund 423 49,435 30.861 80,719 CURRENT LIABILITtES 1,342 500 1,842 65,953 302,404 Creditors - amounts falling due within one year (note 8) Sundry Creditors 1,089 364 1,453 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES 79,266 334,428 FUNDS OF THE CHARITY Unrestricted lunds.. Invcstment revaluation resetve (note l O} D¢signated reserve (note 9) Generdl 16,373 132.885 153,146 302,404 18,435 149,534 166,459 334.428 The accounts on pages 2 to 6 were a and sigD¢d on their behalf by.. roved by the Trustees on 10 October 2024 Chairnian- Mr M Hart Treasurer- Mr P Rennie
ROBF.RT PA1.lF.R,s AI.IASHOUSF, CHARII'Y NOTES TO THE ACCOIINTS FOR T14E YEAR TO.IIST DLCEf*lBLR 2023 ACCOUNTING POLICIES The accounts liaN'¢ been prepared under the hi.%lorJ¢al Lo%1 Lonveniion with ilem¥ r¢LosTlli.4ed ai cost or transaction value unle%5 oiherwi%e %tated iji Ilit relei ant note 10 th¢4e accounts. The accoun1% have been prepared in aiLordanLe wilh the Siaiemeni of Recon]mended Practice.. ALLounlit]bi ajid ReportiJiL by Chariiies preparingi Ilieir aLLiIUllls in aLcordanie 1th (he Finaiicial ReportlllbT 4ialldard applicable In the UK clnd Republic of Ircland11-.RS 1021 i.%4ued on 16 July 2014 and with Ihe F Inancial R¢po)ttin¥ Standard applicable in the UK aiid Republic of Iieland IFRS 1021 aiid with the Charitie% Acr 2011. A summary of ihe more important acLountin& policies is %ei oui below. The a¢¢ount.4 have been prepared under the historical cost ba$i.s of accounting. Turnover repre¥¢nt% reni% receivable less voids. The properties ale n)aintained in a 4iate of repair such thai their re%idual value not le.% than iheir carryin&i amount. As a re%uli Ihe annual charge for depreciation i8 njl. Inve%im¢ni% are iniluded ai their maikei value at the balan¢e.%heel date. The extraordinary maintenance re%erve represent% the market value of invLslmenis made with amount% %ei aside 10 nieei Ilie cobl of fulure major maintenanc¢ on the propertie%. Donation.4 are included in inconie when an IeVoCable comniilinent has been r¢ceived from a donor. FIXED A8SET The hou%in& propertie% provided %ix dwellingi unit% throub>houl 2022 at R(>ben Palmer, Coiiage%. Sonning. Berk%hire. INVESTMENTS The investment% at 31 1 December were a% follows-.- Maiket Value 2023 Mark¢1 Value 2023 2022 Gvnerdl FLind 1,214.XS C'hariiies Official Inve%tmeni Fund incvine %hare% 2.485 NaIiona A%%ociation of Alin.%house4 Investment Fund - income.share.s 6,817 24,073 6,817 22.049 1.053 2.232 7.870 26.305 1.053 2.195 7.870 24.243 E"xlraordinary Maintenance Fund 602.96 Cliaritie% Official Inve81n)eni Fund accutnulation shares 6.7(>2 149.534 6.762 132.885 TotAI inve%tmenls 14.632 175,839 14,632 157,128
ROBERT PALMER'S ALMSHOUSE CHARITY NOTES TO THE AccouNfs FOR THE YEAR TO 31ST DECEMBER 2023 TRUSTEES, EMOLUMENTS No emolum¢nts were paid to or receivable by any trustee during the year. There were no employees of the Charity in the year ¢xcept ihe clerk to the trnstees. Expenses of £nil (2022 £nil) were reimbursed to the clerk during the year. INTEREST RECEIVABLE AND OTHER INCOME 2023 2022 Allotment rents Donation from Sonning Fire Brigades Trust Interest on Charities deposit fund Investtnent income Bank d¢posit interest 333 4,000 94 1,958 703 7,089 327 87 945 83 1,441 TAXATION As a registered charity no liability to taxation arises on incom¢ and capital gains. DEBTORS 2023 2022 Amounts falling due within on¢ y¢ar'. Almshouse Association Fees Sundry d¢btor 343 80 423 196 196 CREDITORS- amoutits falling due within one year 2023 2022 Rents in advan A¢cruals 1,089 364 1,453 1,342 500 1,842
ROBTr.RT PAI,lER's ALMS140USE CIIARITY IYOTES TO THE ACCOUNTS FOR TIIE Yb:AR TO 31ST DTr:CTr.MBbR 2023 DE.SIGNATE.D RESERVE 2023 2022 Balance ai beginnjng of year Unreali%ed delicil.'%urplu% on ini'e%lnienl rei'alualion Balance at end of year -32.885 l fi.h49 149.534 146.021 13.136 132,88S 10 INVF.STMENT REVALUATION RESERVE 2023 2022 BalanL¢ ai be¥TinninbJ ol-year Unrealised IdefiiTIIIsuTplus on inve%iment reiialuation ElalancL ai cnd af year 16.373 2.062 IR.435 19.344 -2.971 16.373 I I CAPITAL COMMITMENTS AND CONTINGENT LIABILITIES There ii'ere no eapital commiimenis and no knoi¥n iontin¥eni 1sabililie5 ai 31 %1 December 2022 and 2023.