| REPORT OF THE TRUSTEES | FOR THE YEAR ENDED 31DECEMBER2023 C~ |
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|---|---|---|---|---|
| 1 | NAME OF CHARITY | THE SANDWICH UNITED | ||
| 2 | REGISTRATION NO | 205894 | ||
| 3 | GOVERNING INSTRUMENT: | Scheme of22nd November 1995 |
||
| OBJECTS | To apply the income generated by donations, |
legacies, | ||
| mvestments etc fiom each of the fimds of the Charity for |
the | |||
| benefit oftheir respective Hosp italians, 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 MB.E,J.P.(Chairman) (appointed |
12March | |
| 2000) | ||||
| Mr RA Daw (Vice Chairman) (appointed 1November 2014) |
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| DrFAndrews (appointed 12March 2005) |
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| Mr AF Carney (appointed 12March 2006) |
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| Mrs MA Russell (appomted 30April 2014) | ||||
| Mr GH Connor (appointed 1September 2017) |
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| Mr D Friend (appointed 20May 2018) |
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| Mr A Pontmg (appointed 28 January 2021) |
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| Mrs AJ Hollobon-Baxter (appointed 1 January 2021) |
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| Mrs SGraeme (appointed 22 July 2021) | ||||
| Mr H Sampson (appointed 14October 2021) |
| Total | Total | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Funds | Funds | |||
| Funds | Fundsf | 2023f | 2022f | |||
| RECEIPTS: | ||||||
| Collections | 1,946 | 1,946 | 1,364 | |||
| Legacy Dividends |
35,610 | 31,509 589 |
31,509 36,199 |
11,250 33,757 |
||
| Rent | 12,452 | 12,452 | 12,452 | |||
| Maintenance charges |
116,025 | 116,025 | 112,383 | |||
| StBart's Day lunch Wayleave |
555 188 |
238 262 |
793 450 |
213 54 |
||
| Interment fees |
198 | 198 | 188 | |||
| Miscellaneous | 50 | |||||
| TOTAL RECEIPTS | 164,830 | 34,742 | 199,572 | 171,711 | ||
| PAYMENTS: | ||||||
| Maintenance and repairs |
60,115 | 16,344 | 76,459 | 40,294 | ||
| Rates and water | 7,530 | 7,530 | 8,063 | |||
| Insnrancas | 5,578 | 5,578 | 5,746 | |||
| StBart's Day lunch Oflice expenses |
6,692 | 440 | 440 6,692 |
586 7,519 |
||
| Almshouse association |
subscription | 484 | 484 | 642 | ||
| Stipends —Christmas | 2,520 | 2,520 | 2,310 | |||
| Stipends —Cost ofliving | 2,250 | |||||
| Stipends —Matron and master | 1,200 | 1,200 | 1,500 | |||
| Stipends —Chaplains Postage and stationery |
188 | 3,600 | 3,600 188 |
3,150 115 |
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| Light and heat | 30 | 557 | 587 | 442 | ||
| Organ playing | 1,190 | 1,190 | 1,050 | |||
| Miscellaneous | 361 | 602 | 963 | 395 | ||
| Salaries | 9,695 | 9,695 | 8,778 | |||
| Payroll services costs | 612 | 612 | 432 | |||
| Independent examiner's |
fee | 1,020 | 1,020 | 1,020 | ||
| Donations | 250 | |||||
| 96,025 | 22,733 | 118,758 | 84,542 | |||
| Asset and investment | purchases | 100,000 | 100,000 | 120,000 | ||
| TOTAL PAYMENTS | 196,025 | 22,733 | 218,758 | 204,542 | ||
| Net (payments) / receipts |
(31,195) | 12,009 | (19,186) | (32,831) | ||
| Bank balances brought | forward | 112,987 | 40,406 | 153,393 | 186,224 | |
| Bank balances carried | forward | 81,792 | 52,415 | 134,207 | 153,393 |
| STATEMENT OFAS | SETSAND LIABILITIES | ASAT31DECE | MBER 2023 | ||
|---|---|---|---|---|---|
| Total | Total | ||||
| Unrestricted | Restricted | Funds | Funds | ||
| Funds | Fundsf | 2023f | 2022 | ||
| Tangible fixed assets (at cost) | 7,632 | 7,632 | 7,632 | ||
| Investments | (at valuation) | 2+36,552 | 63,716 | 2,300@68 | 1,985,202 |
| Cash at bank: | |||||
| Main account | —Current account | 75,147 | 34,956 | 110,103 | 140,710 |
| Chapel Fund | —Current account | 6,645 | 17,459 | 24,104 | 12,683 |
| 81,792 | 52,415 | 134707 | 153,393 | ||
| Accruals | 1,044 | 1,044 | 1,074 | ||
| Net assets | 2,324,932 | 116,131 | 2,441,063 | 2,145,153 |
| Market Value | Market Value | ||||
|---|---|---|---|---|---|
| Investment | at 31.12.23 | at31.12.22 | |||
| Unrestricted | |||||
| Charities offitcial investment |
fund: | ||||
| Income shares | 1,349,837 | 1,138,831 | |||
| COIF Accumulation | shares | 886,715 | 789,100 | ||
| Edwin Rig den | Legacy | ||||
| Charities official mvestment | fund: | ||||
| Income shares | 21,955 | 20,107 | |||
| Chapel Fund | |||||
| Charities official investment | ftmd: | ||||
| Accumulation | shares | 41,761 | 37,164 | ||
| 2,300,268 | 1,985,202 |
| RESTRICTED FUNDS | ||||||
|---|---|---|---|---|---|---|
| Movement in Resources |
||||||
| Balance as at 1.123 f |
Incoming | Outgoing | Transfers | Unrealised Gains f |
Balance as at 31.1223 |
|
| Chapel Fund | 43,202 | 34,153 | (22,733) | 4,597 | 59419 | |
| Edwin Rigden Legacy | 54475 | 589 | 1 848 | 56912 | ||
| 97,677 | 34,742 | (22,733) | 6,445 | 116,131 |
| NALYSIS O | FNET ASSE | TS BETWEEN FUND | S | |||
|---|---|---|---|---|---|---|
| Tangible | Investments | Cash at | Accruals | Total | ||
| Fixed Assets | Bankf | f | ||||
| Restricted funds | ||||||
| Chapel Fund | 41,761 | 17,458 | 59,219 | |||
| Edwin Rigden | Legacy | 21,955 | 34,957 | 56,912 | ||
| 63,716 | 52,415 | 116,131 | ||||
| Unrestricted | funds | 7,632 | 2/36,552 | 81,792 | (1,044) | 2,324,932 |
| 7,632 | 2,300368 | 134207 | (1,044) | 2,441,063 |