| REPORT OFTHK TRUSTEES | FOR THK YEAR ENDED 31 | FOR THK YEAR ENDED 31 | DECEMBER 2022 | DECEMBER 2022 | DECEMBER 2022 | DECEMBER 2022 | DECEMBER 2022 | |||
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | NAME OF CHARITY | THE SANDWICH UNITEDC~ | ||||||||
| 2 | REGISTRATION NO | 205894 | ||||||||
| 3 | GOVERNING INSTRUMENT: | Scheme of22nd | November 1995 |
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| OBJECTS | To apply the investments etc |
income generated by fiom each ofthe funds |
donations, ofthe Charity |
legacies, for the |
||||||
| benefit oftheir respective Hospitalians, | Almshouses | and Chapel. | ||||||||
| The provision |
of almshouses | for | poor | people | resident | in | ||||
| Sandwich and the adjoining |
parishes | and the |
provision | of | ||||||
| benefits for the residents ofthe almshouses. | ||||||||||
| 5 | CURRENT TRUSTEES | Mr P G Graeme | M.B.E,J.P.(Chairman) | |||||||
| Mr RA Daw (Vice Chairman) | ||||||||||
| Dr FAndrews | ||||||||||
| Mr A FCarney | ||||||||||
| Mrs M A Russell | ||||||||||
| Mr G H Connor | ||||||||||
| Mr D Friend | ||||||||||
| Mr A Ponfiug | ||||||||||
| Mrs AJ Hollobon-Baxter | ||||||||||
| Mrs SGraeme | ||||||||||
| Mr H Sampson |
| Total | Total | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Funds | Funds | |||
| Funds | Funds | 2022f | 2021 | |||
| RECEIPTS: | ||||||
| Collections | 1,364 | 1,364 | 1,199 | |||
| Legacy | 11450 | 11,250 | ||||
| Dividends | 33,171 | 586 | 33,757 | 30,401 | ||
| Rent | 12,452 | 12,452 | 13,702 | |||
| Maintenance charges |
112,383 | 112,383 | 112,583 | |||
| StBart's Day lunch | 213 | 213 | 265 | |||
| Wayleave | 54 | 54 | 491 | |||
| Interment fees |
188 | 188 | 309 | |||
| Miscellaneous | 50 | 50 | ||||
| TOTAL RECEIPTS | 158,219 | 13,492 | 171,711 | 158,950 | ||
| PAYMENTS: | ||||||
| Maintenance and repairs |
37,153 | 3,141 | 40,294 | 35,057 | ||
| Rates and water | 8,063 | 8,063 | 8,542 | |||
| Insurances | 5,746 | 5,746 | 5,229 | |||
| StBart's Day lunch | 586 | 586 | 544 | |||
| Office expenses | 7,519 | 7,519 | 7,553 | |||
| Almshouse association |
subscription | 642 | 642 | |||
| Stipends —Christmas | 2,310 | 2,310 | 2,050 | |||
| Stipends —Cost ofliving | 2,250 | 2,250 | ||||
| Stipends —Matron and | master | 1,500 | 1,500 | 1,125 | ||
| Stipends —Chaplains | 3,150 | 3,150 | 4,000 | |||
| Postage and stationery | 115 | 115 | 54 | |||
| Light and heat | 30 | 412 | 442 | 363 | ||
| Organ playing | 1,050 | 1,050 | 650 | |||
| Miscellaneous | 395 | 395 | 225 | |||
| Salaries | 8,778 | 8,778 | 8,401 | |||
| Payroll services costs | 432 | 432 | 472 | |||
| Independent examiner's |
fee | 1,020 | 1,020 | 1,230 | ||
| Donations | 250 | 250 | ||||
| 76,394 | 8,148 | 84,542 | 75,495 | |||
| Asset and investment | purchases | 120,000 | 120,000 | 100,000 | ||
| TOTAL PAYMENTS | 196,394 | 8,148 | 204,542 | 175,495 | ||
| Net (payments) / receipts |
(38,175) | 5,344 | (32,831) | (16,545) | ||
| Bank balances brought | forward | 151,162 | 35,062 | 186,224 | 202,769 | |
| Bank balances carried | forward | 112,987 | 40,406 | 153,393 | 186,224 |
| STATEMENT OFAS | SETSAND LIABILITIES | AS AT 31DECE | MBER 2022 | ||
|---|---|---|---|---|---|
| Total | Total | ||||
| Unrestricted | Restricted | Funds | Funds | ||
| Fundsf | Funds | 2022 | 2021 | ||
| Tangible fixed assets (at cost) | 7,632 | 7,632 | 7,632 | ||
| Investments | (at valuation) | 1,927,931 | 57771 | 1,985,202 | 2,090,339 |
| Cash at bank: | |||||
| Main account | —Current account | 106,342 | 34,368 | 140,710 | 179,944 |
| Chapel Fund | —Current account | 6,645 | 6,038 | 12,683 | 6,280 |
| 112,987 | 40,406 | 153,393 | 186,224 | ||
| Accruals | 1,074 | 1,074 | 1,236 | ||
| Net assets | 2,047,476 | 97,677 | 2,145,153 | 2,282,959 |
| Market Value | Market Value | ||||
|---|---|---|---|---|---|
| Investment | at31.12.22 | at 31.12.21 | |||
| Unrestricted | |||||
| Charities official investment | fund: | ||||
| Income shares | 1,138,831 | 1,172,119 | |||
| COIF Accumulation | shares | 789,100 | 854,213 | ||
| Edwin Rtgden | Legacy | ||||
| Charities official investment | fund: | ||||
| Income shares | 20,107 | 22,998 | |||
| Chapel Fund | |||||
| Charities oAicial investment | fund: | ||||
| Accumulation | shares | 37,164 | 41,009 | ||
| 1,985,202 | 2,090,339 |
| Movem | ent in |
Resources | ||||||
|---|---|---|---|---|---|---|---|---|
| Balance as | Incoming | Outgoing | Transfers | Unrealised | Balance as | |||
| at 1.1.22 | Losses | at31.12.22 | ||||||
| f | ||||||||
| Chapel | Fund | 42,289 | 12,906 | (8,148) | (3,845) | 43,202 | ||
| Edwin | Rigden | Legacy | 56,780 | 586 | 2 891 | 54475 | ||
| 99,069 | 13,492 | (8,148) | (6,736) | 97,677 |
| Tangible | Investments | Cash at | Accrusls | Total | ||
|---|---|---|---|---|---|---|
| Fixed Assetsf | Bank | |||||
| Restricted funds | ||||||
| Chapel Fund | 37,164 | 6,038 | 43,202 | |||
| Edwin Rigden | Legacy | 20,107 | 34,368 | 54,475 | ||
| 57471 | 40,406 | 97,677 | ||||
| Unrestricted | funds | 7,632 | 1,927,931 | (1,074) | 2,047,476 | |
| 7,632 | 1,985202 | 153,393 | (1,074) | 2,145,153 |