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|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|
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|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|
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|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|
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|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|
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|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|
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|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||
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|||||||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|||||
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|||||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|
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|||||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|
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|||||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|
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||||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|
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|||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|