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