OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-03-31-accounts

CONTENTS PAGE
Trustees and Advisers
Trustees Report 2-3
Statement of Trustees' Responsibilities
Independent Examiner's
Report to the Trustees
Trustees Certificate
Consolidated Financial Position
Statement of Comprehensive
Income		 7
Statement of Financial Position 8
Statement of Changes in Reserves 9
Statement of Changes in Cash Flows 10
Notes to the Financial statements 11 - 16
The following
pages		 do not form part ofthe financial statements

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

2023 2022
Turnover 52,537 51,695
Operating
Expenditure		 (50,429) (52,678)
Other Income 5,159 1,095
Operating
Surplus/(Deficit)		 7,267 112
Gain/(loss)
on disposal ofproperty,		 plant and equipment (fixed assets)
Interest receivable 371
Interest and financing costs
Surplus/(Deficit)
on Ordinary		 Activities Before Tax 7,267 483
Taxation
Surplus/(Deficit)
after Tax		 7,267 483
Unrealised
surplus/(deficit)		 on revaluation ofhousing properties
Total Comprehensive
Income for the Year		 7,267 483

31STMARCH 2023
Notes 2023 2022
FIXEDASSETS
Tangible fixed assets 1,203,192 1,198,860
1,203,192 1,198,860
CURRENT ASSETS
Trade and other debtors 2,457 5,190
Cash and cash equivalents 4 63,351 54,194
Less: Creditors: amounts falling due within one year 5 (2,580) (3,423)
NET CURRENT ASSETS 63,228 55,961
TOTAL NET ASSETS 1,266,420 1,254,821
RESERVES
Income and Ex enditure Reserve
General
Fund		 959,427 949,220
Cyclical Maintenance
Fund		 35,740 35,723
Extraordinary
Repair Fund		 231,746 229,677
Charity ofReverend
Thomas Smoult		 39,507 40,201
TOTAL RESERVES 1,266,420 1,254,821

CH 2023
2023 2022
CASH FLOW FROM OPERATING ACTIVITES
Surplus/(Deficit)
for the year		 7,267 483
Adjustments
for non-cash
items:
Decrease / (increase) in trade and other debtors 2,733 1,659
Increase / (decrease) in trade and other creditors (843) 1,023
Adjustments
for investing
activities
Interest received (371)
NET CASH FROM OPERATING ACTIVITKS 9,157 2,794
CASH FLOW FROM INVESTING ACTIVITES
Sale ofinvestments
Interest received 371
NET CASH USED IN INVESTING ACTIVITIES 371
NET CHANGE IN CASH AND CASH EQUIVALENTS 9,157 3,165
CASH AND CASH EQUIVALENTS AT BEGINNING OFTHE YEAR 54,194 51,029
CASH AND CASH EQUIVALENTS AT END OFTHE YEAR 63,351 54,194

Repair Fund and th e developme nt
has incr		 eased the book value ofthe f'reehold property t of701,289.
2023 2022
Freehold Pro ert used for Charitable Pur oses g
Styleman's
Alms Houses, High		 Street, Bexley, Kent
and Land at Rear 701,289 701,289
INVESTMENTS
General Fund
Endowments
7,429NAACIF Income Shares at Cost 3,380 3,380
Mrs Hancock's Gift-
2,000NAACIF 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 6,331 7,082
16,233 16,984
Reverend Thomas Smoult Charit
1,462.30- Charishare
Common		 Investment Fund at Cost 2,436 2,436
Unrealised
Gain on		 Investment 7,927 8,039
10,363 10,475
Balances Carried Forward 727,885 728,748

31ST MARCH 2023
2023 2022
3. SCHEDULE OFASSETSHELD Cont'd
Balance Brou ht Forward 727,885 728,748
INVESTMKNTS
Extraordinar
Re air Fund
4,399NAACIF Accumulation Shares at Cost 172,365 172,365
Unrealised
Gain on Investment		 301,298 296,056
473,663 468,421
C clical Maintenance
Fund
1,840 NAACIF Income Shares at Cost 460 460
Unrealised
Gain on Investment		 1,184 1,231
1,644 1,691
TOTAL ASSETS 1,203,192 1,198,860
ASSETSATTRIBUTABLE TO
BKXLEYUNITED CHARITIKS
Housing,
Land and Buildings		 701,289 701,289
Investments
at Market Value		 501,903 497,571
PROPERTY AND INVESTMENTS sub ect to
ADMINISTRATION
OFTHE TRUSTEES		 61,203,192 K1,198,860

31STMARCH 2023 31STMARCH 2023
2023 2022
g
4. BALANCES AT BANKS
General Fund
BARCLAYS BANK PLC
Current Account 35,572 26,415
CASH IN HAND 319 319
35,891 26,734
The Rev. TSmoult Charit
BARCLAYS BANK PLC
High Interest BPA
UNITED TRUST BANK 27,457 27,457
27,460 27,460
TOTAL BALANCES AT BANKS 63,351 54, 194
5. CREDITORS: Amounts fallin due within one ear
2023 2022
Accruals 2,580 3,423
2,580 3,423

2023 2022
Financial assets
Financial assets measured at fair value through the statement 1,954 4,722
ofcomprehensive
income
Financial liabilities
Financial liabilities
measured		 at fair value through the
statement ofcomprehensive income

2023 2022
Almshouses
Rents Receivable 52,537 51,695
Less: Voids
52,537 51,695
Less: Ex enditure
Repairs
- Premises		 13,595 30,882
General Maintenance 17,235 4,495
General and Water Rates 1,557 1,436
Gas and Electric 3,553 3,358
Insurances 2,004 1,886
NAA Affiliation Fee 293 282
Legal &Professional
Fees		 2,340 1,002
Depreciation
(Equipment)		 (40,577) (43,341)
Surplus/(Deficit)
from		 Almshouses 11,960 8,354
Investment
Income
Endowments 783 703
Investment
Income		 393 362
Settlement
claim		 3,983
Sundry Income 5,159 30 1,095
17,119 9,449
Administration
Kx enses
Clerk's Stipend 5,280 4,500
Accountancy
Fee		 2,580 2,400
Sundry Administration Expenses 1,081 (8,941) 2,137 (9,037)
Rev.T.Smoult
- Sundry		 Expenses 911 (911) 300 (300)
Frank Petty - Almspersons Benefits
Other Income
Bank Interest Received 371 371
Surplus/(Defecit)
for the		 Year 7,267 483
Accumulated
Surplus		 B/Forward 493,412 492,929
Accumulated
Sur
lus		 C/Forward 500,679 493,412
Revaluation
B/Forward
-Property 449,000 449,000
- Investments 312,409 264,189
Investment
Revaluation		 during year 4,332 48,220
Revaluation
C/Forward		 765,741 761,409
TOTAL RESERVES 1,266,420 1,254,821

2023 2022
Almshouses
Rents Receivable 52,537 51,695
Less Voids
52,537 51,695
Less: Kx enditure
Repairs
- Premises		 10,422 16,169
General Maintenance 17,235 4,495
Rates/Water
Rates		 1,557 1,436
Gas/Electric 3,553 3,358
Insurances 2,004 1,886
NAA Affiliation 293 282
Legal &Professional Fees 2,340 1,002
Depreciation (37,404) (28,628)
Surplus/(Deficit)
&om Almshouses		 15,133 23,067
Investment
Income
Endowments 783 703
Settlement
claim		 3,983
Sundry Income 4,766 30 733
19,899 23,800
Administration
Ex		 enses
Proportion
Attributable		 to Almshouses
and Relief in Need Charity (8,941) (9,037)
10,958 14,763
Transfers
from/ to
The Reverend TSmoult
Surplus/(Defecit)
for		 the Year 10,958 14,763
Accumulated
Surplus		 B/Forward 493,139 478,376
Accumulated
Su
lus		 C/Forward 504,097 493,139
Revaluation
B/Forward
-Property 449,000 449,000
- Investments 7,081 5,967
Investment
Revaluation		 during year (751) 1,114
Revaluation
C/Forward		 455,330 456,081
TOTAL RESERVES 959,427 949,220

Notes 2023 2021
Investment Income 64 61
Bank Interest
64
Less:
Repairs
Surplus/(Defecit)
for the		 Year 64
Accumulated Surplus B/Forward 34,492
Accumulated Su
lus C/Forward		 34,556
Inevestment Revaluation B/Forward 1,231
Revaluation during year (47)
Investment Revaluation C/Forward 1,184
TOTAL RESERVES 35,740

Notes 2023 2022
Investment Income
Less:
Repairs 3,173 14,713
(3,173) (14,713)
Surplus/(Defecit)
for the		 Year (3,173) (14,713)
Accumulated Surplus B/Forward (66,380) (51,667)
Accumulated Su
lus C/Forward		 (69,553) (66,380)
Inevestment Revaluation B/Forward 296,057 249,768
Revaluation during year 5,242 46,289
Investment Revaluation C/Forward 301,299 296,057
TOTAL RESERVES 231,746 229,677

Notes 2023 2022
Investment Income 329 301
Bank Interest 371
329 672
Less:
Donations (911) (300)
General Maintenance
Surplus/(Defecit)
for the		 Year (582) 372
Accumulated Surplus B/Forward 32,161 31,789
Accumulated S
lus C/Forward		 31,579 32,161
Inevestment Revaluation B/Forward 8,040 7,333
Revaluation during year (112) 707
Investment Revaluation C/Forward 7,928 8,040
TOTAL RESERVES 39,507 40,201