2022-03-31-accounts

CONTENTS				PAGE
Trustees and Advisers
Trustees Report				2-3
Statement ofTrustees' Responsibilities
Independent Examiner's Report to the Trustees
Trustees Certificate
Consolidated Financial Position
Statement ofComprehensive Income				7
Statement ofFinancial Position				S
Statement ofChanges in Reserves				9
Statement ofChanges in Cash Flows				10
Notes to the Financial statements				11- 16
The following pages do not form part of	the financial	statements
Bexle Almshouse and Relief in Need Charit
Consolidated Statement ofComprehensive	Income			17
General Fund - Statement ofComprehensive	Income			18
Cyclical Maintenance Fund —Statement of	Comprehensive	Income		19
Extraordinary Repair Fund - Statement ofComprehensive		Income		20
Charity ofThe Reverend Thomas Smoult -	Statement of	Comprehensive	Income	21

FOR THE YEAR	E	NDED	3	1STMARC	H 2022
						2022	2021
							g
Turnover						51,695	51,058
Operating Expenditure						(52,678)	(40,645)
Other Income						1,095	1,015
Operating Surplus/(Deficit)						112	11,428
Interest receivable						371	1,318
Surplus/(Deficit)	on	Ordinary		Activities	Before Tax	483	12,746
Taxation
Surplus/(Deficit)	after Tax					483	12,746
Vnrealised surplus/(deficit)			on	revaluation	ofhousing properties
Total Comprehensive		Income for the Year				483	12,746

31STMARCH 2022
			Notes	2022	2021
FIXEDASSETS
Tangible fixed assets				1,198,860	1,150,641
				1,198,860	1,150,641
CURRENT ASSETS
Trade and other debtors				5,190	6,848
Cash and cash equivalents				54,194	51,029
Less: Creditors: amounts	falling due within	one year		(3,423)	(2,400)
NET CURRENT ASSETS				55,961	55,477
TOTAL NET ASSETS				1,254,821	1,206,118
RESERVES
Income and Ex enditure	Reserve
General Fund				949,220	933,343
Cyclical Maintenance Fund				35,723	35,552
Extraordinary Repair Fund				229,677	198,101
Charity ofReverend Thomas Smoult				40,201	39,122
TOTALRESERVES				1,254,821	1,206,118

H 2022
	2021	2021
CASH FLOW FROM OPERATING ACTIVITKS
Surplus/(Deficit) for the year	483	12,746
Adjustments for non-cash items:
Decrease / (increase) in trade and other debtors	1,659	(367)
Increase / (decrease) in trade and other creditors	1,023	(270)
Adjustments for investing activities
Interest received	(371)	(1,318)
NET CASH FROM OPERATING ACTIVITKS	2,794	10,791
CASH FLOW FROM INVESTING ACTIVITES
Sale ofinvestments
Interest received	371	1,318
NET CASH USED IN INVESTING ACTIVITIES	371	1,318
NKT CHANGE IN CASH AND CASH EQUIVALENTS	3,165	12,109
CASH AND CASH EQUIVALENTS AT BEGINNING OF THK YEAR	51,029	38,920
CASH AND CASH EQUIVALENTS AT END OF THK YEAR	54,194	51,029

Repair Fund and the	developmen	t has incr	e	ased	the book value	ofthe freehold property to	f701,289.
						2022	2021
Freehold Pro ert	used for Charitable		Pur		oses
Styleman's Alms Houses, High		Street, Bexley,			Kent
and Land at Rear						701,289	701,289
INVESTMENTS
General Fund
Endowments
7,429 NAACIF Income		Shares at Cost				3,380	3,380
Mrs Hancock's Gift-
2,000 NAACIF Income		Shares at Cost				500	500
518.549 Charifund	Income Shares at Cost					5,884	5,884
109.161Charibond	Income Shares at Cost					138	138
Unrealised Gain on	Investments					7,082	5,967
						16,984	15,869
Reverend Thomas	Smoult Charlt
1,462.30 -Charishare Common		Investment		Fund at Cost		2,436	2,436
Unrealised Gain on	Investment					8,039	7,333
						10,475	9,769
Balances Carried	Forward					6728,748	f726,927

31STMARCH 2022	31STMARCH 2022
						2022		2021
4.	BALANCES AT BANKS
	General Fund
	BARCLAYS BANK PLC
	Current Account					26,415		22,504
	STANDARD LIFE
	Business 10Day Notice Account							446
	CASH IN HAND						319		319
						26,734		23,269
	C clical Maintenance Fund
	BARCLAYS BANK PLC
	Business Premium Account
	The Rev.TSmoult Charit
	BARCLAYS BANK PLC
	High Interest BPA								303
	UNITED TRUST BANK					27,457		27,457
						27,460		27,760
	TOTAL BALANCES AT BANKS					$54,194		651,029
5.	CREDITORS: Amounts	fallin	due within	one	ear
						2022		2021
	Accruals					3,423		2,400
						3,423		2,400

						2022	2021
Financial	assets
Financial	assets measured	at	fair value through	the	statement	4,722	6,387
ofcomprehensive income
Financial	liabilities
Financial	liabilities measured		at fair value through		the
statement	ofcomprehensive		income

				2022			2021
Almshouses
Rents Receivable			51,695			51,058
Less: Voids
					51,695		51,058
Less: Ex enditure
Repairs - Premises			30,882			22,385
General Maintenance			4,495			2,999
General and Water Rates			1,436			1,357
Gas and Electric			3,358			3,331
Insurances			1,886			1,880
NAA Affiliation Fee			282			276
Legal &Professional Fees			1,002			65
Depreciation (Equipment)					43,341)		32,293
Surplus/(Deficit) from	Almshouses				8,354		18,765
Investment Income
Endowments			703			668
Investment Income			362			347
Sundry Income			30		1,095		1,015
					9,449		19,780
Administration Ex enses
Clerk's Stipend			4,500			4,500
Accountancy Fee			2,400			2,400
Bank Charges
Loss/(Profit) on Disposal		ofInvestment
Sundry Administration	Expenses		2,137		(9,037)	1,152	(8,052)
Rev. T. Smoult - Sundry Expenses			300		(300)	300	(300)
Other Income
Bank Interest Received			371		371	1,318	1,318
Surplus/(Defecit) for the		Year			483		12,746
Accumulated Surplus	B/Forward				492,929		480,183
Accumulated S lus	C/Forward				f493,412		f492,929
Revaluation B/Forward
- Property					449,000		449,000
-Investments					264,189		165,381
Investment Revaluation		during year			48,220		98,808
Revaluation C/Forward					6761,409		6713,189
TOTALRESERVKS					K1,254,821		$1,206,118

				2022			2021
Almshouses
Rents Receivable			51,695			51,058
Less Voids
					51,695		51,058
Less: Ex enditure
Repairs - Premises			16,169			16,917
General Maintenance			4,495			2,999
RateslWater Rates			1,436			1,357
Gas/Electric			3,358			3,331
Insurances			1,886			1,880
NAA Affiliation			282			276
Legal //r. Professional Depreciation	Fees		1,002		(28,628)	65	~26,825)
Surplus/(Deficit) &om Almshouses					23„067		24,233
Investment Income
Endowments			703			668
Bank Account Interest
Sundry Income			30		733		668
					23,800		24,901
Administration Ex enses
Proportion Attributable		to Almshouses
and Relief in Need Charity					(9,037)		8,052)
					14,763		16,849
Transfers from/ to
The Reverend T Smoult
Surplus/(Defecit) for the Year					14,763		16,849
Accumulated Surplus	B/Forward				478,376		461,527
Accumulated Su lus	C/Forward				f493,139		F478,376
Revaluation B/Forward
-Property					449,000		449,000
- Investments					5,967		3,030
Investment Revaluation		during year			1,114		2,937
Revaluation C/Forward					f456,081		E454,967
TOTALRESERVES					K949,220		f933,343

				Notes		2022			2021
Investment	Income				61			64
Bank Interest
							61			64
Less:
Repairs
Surplus/(Defecit) for the			Year				61			64
Accumulated		Surplus B/Forward					34,431			34,367
Accumulated		Su lus C/Forward					f34,492			634,431
Inevestment		Revaluation	B/Forward				1,121			828
Revaluation		during year					110			293
Investment		Revaluation	C/Forward				X1,231			K1,121
TOTAL RESERVES							K35,723			f35,552

			Nates	2022		2021
Investment	Income
Less:
Repairs				14,713		5,468
					(14,713)		(5,468)
Surplus/(Defecit) for the		Year			(14,713)		(5,468)
Accumulated	Surplus B/Forward				51,667)		46,199
Accumulated	Su lus C/Forward				K(66,380)		K(51,667)
Inevestment	Revaluation	B/Forward			249,768		156,120
Revaluation	during year				46,289		93,648
Investment	Revaluation	C/Forward			K296,057		8249,768
TOTALRESERVES					f229,677		6198,101

		Notes	2022		2021
Investment Income			301		283
Bank Interest			371	672	1,318	1,601
Less:
Donations				(300)		(300)
General Maintenance
Surplus/(Defecit) for the	Year			372		1,301
Accumulated Surplus B/Forward				31,789		30,488
Accumulated Su lus C/Forward				$32,161		f31,789
Inevestment Revaluation	B/Forward			7,333		5,403
Revaluation during year				707		1,930
Investment Revaluation	C/Forward			K8,040		X7,333
TOTAL RESERVES				640,201		f.39,122