BEXLEY UNITED CHARITIES REGISTERED CHARITY No: 205964 REGISTERED SOCIAL LANDL REP RT ENTS 31ST MARCH 2024 COIYTENTS PAGE Truste¢s and Advisers Trustees Report Statement of Trustees. Responsibilities Independent Examinels Report to the Tnjstees Trust¢e$ Certifi¢ate Con501idAted FinAncial Position Siai¢m¢nt of Compr¢h¢tisiv¢ Income Staiement of FitJan¢ial Position Statement of Changes in ReseeS Statemeni of ChaDges in Cash Flows Notes to the FiTwi¢ial statements io 11-16 The following p8ge5 do not form part of the financial statements Bexle Almshou e and Relief in Need hari Consolidated Statement of Comprehensive Income General Fund- Statement of Comprehensive Income Cyclical Maintenance Fund - Statement of Comprehensive Income Extraordittary Repatr Fund- Siaiement of Comprehensive It)wme Charity of The Reverend Thomas Smouli- Statement of Comprehensive Income 17 18 19 20 21
BEXLEY UNITED CHARrrIEs AND ADVISORS PARTACULARS OF TRusfEE John Wat¢rs Neil Sayers Sylvia Malt Richard Diment R¢v Cliv¢ Wood Coun¢illorKuttis Christoforide6 CLERK T HETR Mr Kenneth Newman 13 High Str¢et B¢xl¢y Kent DA5 IAB INDEPENDENf EXAMINER M S Finnis ACA ACCA Opags Billings Wilgon & Honey LLP Numeri¢ House 98 Station lioad Sidcup Kent DA BA KE Barclay5 Bank PLC 6 Market Place Bexleyheath Kent DA6
NITED CHAR TRUSTEES, R R THE YEAR ENDE AR H 2024 The I'rustees present th¢ir r¢port along with the Financial Siaiem¢nts of Bexley United Charities for the year ended 31st March 2024. The Financial Siai¢m¢nts have b¢¢n prepared in aeeordance iviih ihe Accounting Poli¢ie5 set out on page I l and comply M'ith Bexley Urtiied Chariiies. Trusi D¢¢d and applicable law. Trustees Appointment of Tru5t¢¢S 15 govemed by ihe Trust D¢¢d of B¢xl¢v United Charities. The Board of TrUee3 is authorised to appoirtl nttw trustees io fill vacan¢i¢5 arisin8 through resignation or death of an ¢xisiing Trusi¢¢. lthvtstmtnt Po The Trust D¢¢d authori5¢$ the Trustees to make gmd hold inve5tm¢ntS Using the general funds of Bexley Uniied Chariii¢5. nstitutioth Ob e¢ts And Poli Bexley United Charities is the colleciive name given to the Chariti¢$ known As: Bexl¢y Almsh(x]se and Relief in Need Charity, and The Charity of th¢ R¢v¢rnd Thomas Smoult The Chariti¢S are adminisiered and regulated under a Scheme of the Ch8rity Commissioners dale41 5 M4rrh 1940 as Varied by the Charity Commi55ioneT5 UP to and including l April 1980 and 21 January 1998. It is the object of Bexlcy Almshouse and R¢li¢f in Need Chrtrity to provide accommodation and r¢li¢f in n¢¢d to 5Uitably qualified irthabiianis of th¢ area of b¢n¢fit Ib¢ing the London Borough of Bexley). It is ihe objects of ihe Charity of the ReveTend Thomas Smouli io assist p¢rson5 who have not RttAined at the age of 25 y¢ar& 8r¢ resident in the drea of benefLt (being the London Borough of Bexl¢yl who Are in need of financial ssisldnte and who are preparing for, ent¢riDg upon OT ¢ngaged irt any profession. trade, (Kcupation or service, by providing th¢m with outfits, or by paying fees, Iravelling or mainienanc¢ exp¢n5¢5, or by Such other means for their #dvartcemeni in life orto enable them to their living as th¢ tru#¢¢S see fjt: ajjd. Promoting the ¢ducation of such persons. The ttU5tees confim) thai they hai'¢ ferred to the guidance contrtirted in the Charity Commissji)n's general guidanc¢ on public benefit iihen reviewillg ihe Chariti¢s' aitn5 and objectives and in planning future actLVlties. They ar¢ saiisfied thai the work of ihe Chariti¢$ a¢cord$ with their sthted objects and provides tangible public b¢n¢fit to th¢ inhabiianis of ihe London Borough of Bexley. Bexley United Charities is Te8isiered &8 a Charity und¢T the Charities Act 1960 with the Registered Number 205961. 8¢xley United Charitics is also Tegist¢Ted und¢r th¢ Housing & Regeneration Ad 2008 as Social Landlord and is subject to Ihe Staiutory provisions of th¢ Housing Act 1996 as amcnded by th¢ 2004 Act and Statutory Instrum¢nt5.
BEXLEY UNIT HARITIES TR STEES. REPORT FO TMAR H 2024 nt Adivitit5 and Achievements Th¢ Trus¢S Consider thai the perfomiance of Bexley United Charitie5 this y¢aT ha5 Mtisfo¢tory. There have been no significant achi¢v¢m¢nts QT rhan8¢S it activittes to repoft. FinAneial Review The fJnanc2al results for ihe year aTt Kt out on pag¢ 7. Risk Mana The trustees actively review the major risks which B¢xley United Chariti¢s fac¢s on B gUlar basis èrtd believe thttt mainiaining reserve5 at current levels, combined with an annual review of the controls over key fjnancial s>¢M5, will provide sutTicient resources in the eveni of adv¢r5e conditions. Th¢ trustee5 h&ie also ex#]nined other operaiii)nal and business risks faced by Bexley United Charitie5 and coDfirrn that they have established systems 10 mitigate Ihc significan( risks. (hher sources of incortJ¢ have also b¢¢n 50ught to offset any risks 10 Bexley United Charities. No major fuiure developments are planned. Reserves P li is th¢ policy of B¢xl¢y lJnited Charities to maintain urtrestricied funts. These provide suffLcjent funds to cover manag¢m¢nt and adtninistration and support costs. This Report was approved by the Tru5t¢¢s QD............................................................. 8nd Sied on their behalf. . Trustee
BEXLEY UNITED CHARITIES STATEMENT OF TRUSTEES, RESPONSIBILITIES Charity Law requires the Tntste¢s to prepare Financial Statemenis for each reporting period which give a true and fair view of the state of affairs of B¢xl¢y Unitd Charities and of its financial activities for that period. In preparing those Financia] Statemenis the TnJ$t¢es are required to= (al Select suitsble Accounting Policies and then apply them consistently. (b) Make judgments and estimates that reasoTthle wjd prud¢nt. {c) Follow applicable United Kingdom accounting standards and the Ststem¢nt of Reeommended Practice'Ac¢ounting by Registered Social Housing Providers 2018,. (d) Prepare the Financial Statements on the going ¢oncern basis unles5 Lt is inappropriate to assume that Bexley United Charities will ¢ontinu¢ in bushne5S. The Tru5tt¢s are respon$ibl¢ for keeping proper accounting rerords whi¢h di$¢lo$¢ with re&sonable accuracy
t aoy time the financial position of B¢xl¢y United Charities and to enable them to en5ur¢ th* th¢ Fin4n¢ial Stat¢ments
¢omply with the Housing SORP 2018 l$tatement of Recommended Practice for So¢io1 Housing Providers). They ar¢ also responsible for safrguarding th¢ A$t$ of Bexley United Charities And hence for taking reasonable Steps for the prevention 4vd d¢t¢¢tion of fraud or other irregularities. In 50 far as the Tnlsiees are aware= there is no relevani inforn)ation of which the charity's lrtdependent examin¢r is unaware,. and the Tru$¢e¢s hav¢ taken all steps that they ought to hove iaken to make themselves aware of any rel¢vant informat20n and to estsblish th¢ independent examiner is Y4war¢ of thht infomiation.
BEXLEI. ITED CHARITIES INDEPENDENT INER'S REPORT TO T TEE I'EAR EYDED 31ST MARCH 2024 I r¢FKkrt on Ik wmudited Accounts of B¢xl¢y United Charities for the y¢ar etLd¢d 315t March 2024 $¢1 thjt on pa8es 7 to 16. REsPEIl,E RESPONSIBILITIES OF THE TRUSTEES AND THE IPIDEPENDENT EXAMINER The Charity's TTUSt¢¢s ar¢ reswnsible for the pparatIOn of Ik a¢c4)unis. The charitys trust¢¢S Wll5idtT thai ttn au(lil is not required for this year undeT $e¢iion 14412) of the Charities Act 2011 Ilk 201 l A¢il and th&t an independent oxamination 15 n¢¢d¢d. It is my responsibility to.. {al exatnirte the accounis und¢T S¢Ction 145 of the 2011 A¢i' (b) followth¢ proc¢dur¢s laid down sn the 8et)eral Directions giv¢n by the ehATity Commission un(kr sectson 14515Xbl of th¢ 2011 Act. the Trust Deed, Ihe Housing Act 1996 as amended by the 2004 Act and the Housing SORP 2018 Isiaiem¢nt of Recomm¢n¢kd prtiCe foT Social Housing Provid¢rsl. stste wh1 particular matters h&Ye come to my at¢¢ntson. (c) BASIS OF IYDEPENDENT EXAMINER'S REPORT My examination carri¢d out in acci>rdan¢e with the B¢ll¢Tal dirwtions Biven by the Charities C¢Mnmission¢rs. An examinaiion includes a reviewof the a¢¢outtting r¢cords k¢pt by the charity artd a Comparison of the accounts presend those recoTds. It also includes consideration of unusual ims or disclosur¢s in the account5, and secking ¢xplgllations from you &$ InTsiees concerning any such matters. The procedures undenak¢n do not p¥ovid¢ 811 the evidence that would b¢ r¢quir¢d in an audit, and C{$¢9uen1IY no opinion is given as to ThlJEther the account5 PTeseni a'tr and fair Vie and the retKKt is limi*d io thos¢ matters set out in the statement klow. INDEPENDENT EXAMINER'S STATEMENT In ¢o]Jrteciion with my exaJninatior4 matter has come to my atteniion.. which gives m¢ r¢BsotJable Se to believe thai in vmy mat¢Tial r¢sF£d the requi]emertts'. {a} Ibl to keep ac¢ouniin8 records in accordance with seciion 130 of th¢ 2011 Act,. and to prepaTe a¢¢fjunis M&i¢h aword with the RccounlizJ8 recoids athd mPlY Mryih th¢ aceouniing r¢quiTements of the 2011 Aci. and th¢"I tust Deed the Housing Ad 1990 as am¢ttd¢d by the 20V4 and ihe Housing SO]iP 2018 Istat¢m¢nt of R¢wrnmended Practice for Social Housing Providers). hav¢ rt PKetJ met.. to which in my opinion, attention Should k thawn in ord¢rto ¢tVdble a proper understartding of th¢ a¢¢ounts to iy reached. M S Finnis ACA ACCA Opass Billings Wilson & Honey LLP Ch3nered Certified Accountsnis Numeric Hou5¢ 98 Station Road Sidcup Kent DA15 7BY
BEXLEY UNITED CHARITJE TRUBEs, CERTIFICAT We hereby declare oll behalf of the Trustees the Annexed Fitlancial Statements, which cover the affairs of Bexl¢y Unit¢d Charities for the year ended 3 1st March 2024. to be correct. TRugrEES Neil Sayers Sylvia Malt Richard Diment Dated
EY NITKD HARITIES STATEMENf OF MPREHENSIVE INCOME FOR THE YEAR ENDED 3 ARCH 2024 2(124 2023 Turnover Operdting Expenditure Other Income 61,898 (186.618) 10,484 52.537 (50.429) 5.159 Operntlng Surplllsl(Deficit) (114,236) 7,267 Gainl{loss) on disposal of Investments Intertst receivable Interest and financing costs 157,871 1,107 Surplusl(Defielt) on Ordinary Aetivities Before T8X 44,742 7,267 TatIon Surplusl(Defitit) after TAI 44,742 7,267 Unreali5ed surplusl(deficit) on revaluation of housing properties Total Comprehensive In¢om¢ forthe Year 44,742 7,267
BEXLEY U RITIES ATEMENT OF FINANICAL PO 31ST H 2024 2024 21123 FIXED ASSETS Tangible fixed &ssets 970,056 1.203.192 970.056 1,203,192 CURRENT A SET Trade and other debtor5 Cash and cash equivalents Less.. Creditors.. amounts falling due within one year 361 200,473 (3.933} 2,457 63.351 (2,5801 NET CURRENT ASSET 196,9)1 63,228 TOTAL NET ASSETS 1.166.957 1266,420 RESERVES Income and Ex General Fund Cyclial Mairtten2nce Fund Extraordinary Repair Fund Charity ofReverend Thorn Smoult nditure Reserve 965.563 35,729 125,825 39,840 959,427 35.740 231,746 39.507 TOTA RE ERVE 1,166,957 1.266.420 These financial statements were approved by the Trustee5 and authorised for issue on . and are signed on behalf of the by.. Of IZ IOZ4 Mr R Diment Sayers
BEXLEY UNITE TIES io STATEMENT OF CA H FLOWS T MARCH 2024 2024 2023 CASH FLOW FROM OPERATINC ACTIVITRS Surplusl(DefJcit) for the y Adjusttnents for non-cash items: DeCrc I lincreasel in trade and other debtors Increase l (deere} in trade and other creditorJ Adjustments for invuting a¢liviti¢s lTrterest (114236) 7.267 2,096 ,353 2.733 {843) 1,107 NET CASH FROM OPERATING AcfiviTES (109,680) 9,157 CASH FLOW FROM INVESTJNC AcfiviTES Improvemenis Freehold Properties Proceed5 from dispos of Inv¢stsnents 246.802 NET CASH USED IN INVESTING AlTIEs 246.802 PIET CHANGE IN CASH AND CASH EQUIVALENTS 137.122 9,157 CASH AND CASH EQUIVALENTS AT BEGIfiNING OF THE YEAR 63.351 54,194 CASH AND CASH EQUIVALErfrs AT END OF THE YEAR 200,473 63351
BEXLEV UNITED CHARITIE NOTES TOTHE FINANCIAL sr TEMEN 31ST MARCH 2024 AccouNfING POLICIES The addres$ of the registered office is given in the inforn?ation on page l of these flnancial 5tattm¢nt5. The natur¢ of the Charities operations and pritJ¢tpal aciivities are io provide housing for the elderly. The a5sociatioTh constitutes f4 publi¢ benefit entity as defined by Financial Reporting Standard 102. The financial statements have been Prepared in accordance with applicabl¢ COUntIng standards including Financial Reporting Standard 102, the Financial Reporting Standard Applicable in the UK and Republic of Irela2Jd IFRS 1021, the Statement of Recommended Practice for Social Housing Provider5 2018. and wth the Acctsunting DiTe¢tion for PTivate registered providers of social housing in England 2015. Th¢ financial statem¢nt are also prepared under the requirements of the Housitjg and Regen¢ration Aci 2008, the Housing Act 1996 as amended by the 2004 Act and Accountin8 Requirements for Re8lStered Social Landlords General Determinatiotl 2006. Th¢ financial siatements have been prepared on a 80ing concern basis under the historical eost convention. The financial statements are prepared in sterlin& which 1$ ¢h¢ fun¢ttonal ¢urr¢n¢y of the asso¢iatioJL and round¢d io th¢ n¢are$t £. Thc significant accounting polLCLes applied in the PTeporAtion of th¢s¢ financial statemenis are sei out below. These poli¢ie$ hav¢ be¢n cot)si$tently applied to all years presented unless otherwise stated. (a) Aeeountin conventio The finan¢ial stai¢m¢rÈts have been pr¢par¢d underth¢ histori¢al ¢ost wnvention. (b) Jud emertts And Ke Sour imtl In the application of the eharity's accounting policies. the Trust¢es are required to make judgements. estimat¢5 and a5SUmPtjOTk5 4bout the ¢arrying atnount of as$¢ts #nd liabilities that 8r¢ not readily appar¢rtt from other sources. The estimas and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actua] results may differ from these estimates. (t) Turnover Tumover primarily represenis rents and setvice thaTges receivable in resp¢¢t of tenan1 properties. (d) Incorne Tax The taxation expense repr¢s¢n¢s the aggregate amount of curr¢nt and d¢f¢rr¢d t r¢cognis¢d in ihe reporting period. Tax is recognised in the 5tatemenl of comprehensive income. except to the extent that it relates to it¢nis recognised in Other eomprehertsive income or directly itt eqtsity. ltt this eage. irteome tL has oot beert ¢al¢ulat¢d du¢ to lh¢ ¢xemption available from its charitable status. (e) Tan Ibl¢ flxed assets Tangible fixed assets (including social housing propertL¢S) are stated at historLC Costs, as tnodified by revaluatioas rneasured at foir valu¢ through other Comprehensive income. Cost includes costs directly attributable to making the &sset capable of operating as intended such a5 the cost of acquiring the land and buildings, d¢v¢loptn¢tst Gosts and expenditure on improvements. Expenditure on improvements will only b¢ capitalised when it r¢5uIts in incremental future benefLt5 such as ancreasing rental incorne, reducing aintenanct costs or resultir)g in a $ilfiCant extension of th¢ us¢ful ¢¢onomi¢ life of the property. reciation Depreciation is calculated to MTite down the cost or valuation less estimated residual value of all Tangible Fixed Assets other than Frcehold Land over their exped¢d lives. The rate5 And periods g¢n¢rAlly applirable are.. Plant and Machinery Straight line over 10 years The residual values of the freehold properties are considered to be at least equaj to the cost and as such no depCivIliOn hos b¢en charged.
BEXLEY UNITED CHARITIES 12 NOTES FINAN IAL STATEMENTS 31ST MARCH 2024 ACCOUNTING POLICIES eont... rovements to erties Expenditure on existing housing properties is pitalised to the extent that it improves the economie benefit of the asset either through an increase in rental income. a reduction in maintenatJ¢e ¢osts or through the ¢xlension of the life of the propety. (h) Debtors Debtors and Creditors wth no stated interest rate and receivable or pay&ble within one year are recorded at transa¢tion price. Any losses Arising from impaimi¢ni are re¢ognised in ihe siaiemertt of ¢omprehensive income. (i) Creditors and provision5 are recognised when the charity ha5 an obligation at the balance sheet date as a result of a past ¢veni, il is probable that an olltflow of eeonomic benefjts will be required in s¢ttl¢ment and the amount can be reliably estimated. (a) Rents re¢eivable for the y¢ar att r¢¢orded on a ¢&8h due basis. Any arrears or voids {int¢mJpt¢d ten8ncies) are indicated. Ib) Diwdends are in¢luded on th¢ basis of dividends declared and paid to the Trnstees in th¢ yeor. Ic} Bank deposit interest is included on th¢ basis of sums credited to the Accounts withiii the year. Expendiiure is in¢luded on ihe basis of ¢xp¢n$¢s paid within the y¢ar with thll provision b¢ing made for amounts whi¢h mighi be a¢¢nJ¢d as due for paym¢nt. Given the immaterial sums involved and the ditTtculty in separately identifying them, the Trustee5 have decided that the admiiliStt*tiOrt costs of the Rev Thomas Smoult Charity will not be separatsly identified in the accounts but will be borne by the Almshouses Charities. o) Investment The fJnan¢ial stat¢m¢nis hav¢ b¢en prepared on the historical cost basis, as modifjed by the revaluation of listed investments measured at fair value through other comprehensive incotne. (n) Re5trieted Funds The fund5 transferred frorn North CT#y Phrith Charities on ¢essation of ihot ¢harity must be held as ¢apitA] any interest earned on these funds can be used for any charitsble purpose. EMPLOVEE The Charities hav¢ tto full time employees and are mana8ed on behalf of the Trnstees by the Clerk to the Tnjstees.
BEXLEY UNITED CHARITIES 13 NOTES TO THE FINANCIA TEMENT 31STMA SCHEDULE ET HELD LAND AND BUILDINGS Held at Trtes, Valuation plus modernisation expenditure. 2024 2023 Freehold Pro used for Charitable Pu Styleman's Alms Houses. High StreeL Bexley, Kent and Land at Rear 701.289 701289 INVEsfMENTS Gener1 Fund Endowments 7,429 NAACIF Income Share5 at C05t 3.380 3.380 Mr$ Hart¢o¢k's Gift 2.000 NAACIF Income Share5 at C05t 500 500 518.549 Charifund Income Shares at Cost 5,884 5,884 109.161 Charibortd Income Shares at Cost 138 138 Unrealised GAin on Investments 6,341 6,331 16.243 16,233 Th Smoult hAr 1.462.30- Charishare Common Investment Fund at Cost Unreali%d Gain ort Inv¢s¢m¢tht 2,436 7,927 10,363 Balances Crri 717,532 727,885
BEXLEY UNITED CHARITILS 14 NOTES TO THE FINANCIAL STATEMENTS 31ST MARCH 2024 2024 202 SCHED F ASSETS HELD Cont'd Bgiance Brou ht Fonvard 717.532 727,885 INVESTMENTS Extraordina Re gir Fun 4.399 NAACIF Accumulation Shares at Cost Unrealised Gain on Invcstment 86,329 166.195 172,365 301,298 252,524 473.663 clical MAinteNanct Fund 1,840 NAACIF Income Shares at Cts5t Unr¢alised Gait) on Investment 460 l.l84 1.644 TOTAL ASSETS 970.056 1,203.192 ET AThRIDUTABLE TO EY NITED CHARITIES Housing, Land and Building5 Investments at Market Value 701,289 268,767 701,289 501,903 PROP D INVE TMENTS sub ett to ADMINISTRATION OF THE TRU TEE £970.056 £1,203,192
EXLEY UNITED CHARITIES Is P40TES TO THE F IAL SfATEMENTS 31ST MARCH 2024 2023 BALANCES AT BANKS Gener BARCLAYS BANK PLC Current Account The Rev. T Smoult fund5 1,687 5,200 35,572 CASH IN HAND 319 319 7,206 35.891 The Rev. T Smoult ChAri BARCLAYS BANK PLC High Interest BPA 258 UNITED TRUST BANK 28.009 27,457 Fixed Tenn DeFQSits 5,000 33,267 27,460 rdln air FuDd Fixed Tern) Deposits 160.000 160.000 TAL BALANCES AT BANKS 200,473 63.351 CREDITORS: Amounts fvlllin wi hin ne ear 2023 Accruals 3.933 2,580 3,933 2,580
BEXLEY U HARITIES 16 E FINANCIAL STATEMENTS 31ST MARCH 1024 FINANCIAL INSTRUMENTS The canying amount of each cate80ry of financial instrument is &s follows: 20 Finantial Assets Finan¢ial assets measured At fair Val through th¢ statement of comprehensive income 308 1.954 Financiil liabiEities Financia] liabilities ineasured at fair v&lue ihrough the stst¢m¢nt of ¢ompr¢hensiv¢ inwm¢ RESERVE Income and expenditure reserve- This reserve records surplus in¢om¢ and a¢¢umulated losses. Included withiTL here are unrealised gains on revaluation of the pMp¢rties of £449,000 and the inves¢mertts of £172,536.
BEXLEY UNITED HARITIES 17 COIYSOLIDATED STATEMENT MPREHEf¥sivE INCOME FOR THE YEAR ENDED31ST MARCH 2024 2024 2023 Alm$hous Rents Receivable L¢s5- Void$ 61,984 186) 52,537 61,898 52.537 Les5: Ex diture Repairs - Premises Generdl Matnienance Generdl and Il'aier Rates Gas and Electri In5urance5 NAA Subscription Lega] & Profes5ii>nal Fees Depreciation (Equipmeni) 130,640 33,285 1,872 4,130 2,806 467 180 13,595 17,235 .557 3.553 2,(K14 293 2,340 {173,380) 140,577} Sury>lu{Defj¢ILl from Almshouses (111.4821 11,960 Investment Income Enduilinenis In'eStmen1 Incom¢ Settlement claim 801 338 9,345 783 393 3,983 10,484 3,159 (100.9981 17,119 rnin ion Ex Clerk'5 StipeDd Accountdncy Fee Sundry Admini51Ta¢iort Expenses se$ 6,390 2,760 3.170 5,280 2.580 1,081 (12,3201 18.941} Other Ex Rev. I.. Smoult - Surtdry Expenses tnses 918 {918} Other Income Bank Inierest Received 1,107 1.107 Profit on di$posal of irtvestments 157,871 SUTplU(DerltitI for the Year 44.742 7,267 Accumulated Surplus B/Forward 500,679 493,412 Accumulated Su Ius C/Forward 545,421 500,679 Revaluation BIForward - Property Investments Investments Revaluation Eliminated on Di5P05al Investment Revaluation during year 449,(XX) 316,741 1159,505) 15,300 449,0(X) 312,409 4.332 621,536 765,741 TAL RESERVES 1,166,957 1,266,420
BEXLEY NITED CHARITIES 18 NERAL FUND BEXLEY ALMSHO SE AND RELIEF IN NEED CHARITY ATEMENT OF COMPREHENSIVE IN OME FOR THE YEAR ENDED 31ST 24 2024 2023 Almshouse5 Rents Receivable Less Voids 61,984 186) 52.537 61,898 52,537 Less: Ex enditure Repair5 PreTni5es General Maint¢nanc¢ Rateslwater Rates GaEleCtric Insuranc¢5 NAA Subscription Legal & Professional Fee5 Depreciation 10.858 33.285 1,872 4.130 2.806 467 180 10,422 17,235 1.557 3,553 2,004 293 2.340 {53.598} 137,404) SurplU{Deri¢1l} from Almshouses 8,300 15,133 Investment Income EndowTnents Settlement claim Sundry Income 801 9,345 783 3.983 10.146 4,766 18,446 19.899 AdministrAtion Ex Proportion AttTibutable to Almshouses and Relief in N¢ed Charity en5e5 (12,320) (8.9411 6,126 10.958 Transfers froml to The Reverend T Smoult Surplusl(Deficitl for the Year 6,126 10.958 Accumulated Surplu5 BIForward 504.(197 493.139 Accu 510,223 504.097 Revaluation Bffiotward - Property Investm¢nts 449,000 6,330 449.000 7.081 Inv¢stm¢ni Revaluation during year io (751) Revaluation C/Fo 455,340 455.330 TOTAL RE ERVES 965.563 959.427
BEXLEY UNITED HARITIES 19 LICAL MAINTENANCE FUND RELIEF IN IYEED CHARJ BE HO EAND srATEMENT FCOMPREHENSIVE INCOME FORT E YEAR ENDED 31ST MARCH 2024 Notes 24 2023 Inv¢stment Income Bank Interest 55 64 55 64 Profjt on disposal of investments Repairs Surplusl(DefLClt} for the Year 1.173 64 A¢¢umulat¢d Surplus BIFoThvard 34,556 33.492 mlllated Su Iu5 CIForward 35.729 34,556 Investment Revaluation BTrorward Revaluation eliminated on disposa] Revaluation during year 1,184 (1.184) 1,231 (47 Invesimeni R lllaiion CIFoThvard 1,184 TOTAL RESERVES 35,729 35,740
BEXLEY UNITED HARrrIES 20 RA RDINARY REPAIR FUND RELIEF IN NEED CHARITY BEX STATEMENT OF MPREHENStVE INCOME YEAR ENDED 31ST MARCH 2024 Notes Inv¢51m¢nt In¢om¢ ess.. Profit on disposa] of investm¢t)ts Repairs (148,964) 119.782 3,173 29,182 (3,173) SurplusllDeficit) for the Ye 29.182 {3,173) Accumulated Deficit BIFor%vdrd {69,553) {66,380) Accumulated Defictt CIForw (40,371) (69.553) Investment Revaluation BIForward Revaluation ¢liiniTiated on di$pos81 Revaluation duiingy¢ar 301,299 (150,393) 15,290 296,057 5.242 Reva] ation CtForward 166,196 301,299 TOTAL RESERVES 125.82S 231,746
BEXLEY NITED CHARITIES 21 CHARITY REVEREP4D THOMAS SMOU srATEME MPREHENSIVE INCOME OR E YEAR ENDED 31ST MARCH 2024 Notes 2024 Investment Income Bank Int¢r¢st 283 1.107 329 1,390 329 Profjt on dtsposaj of investm¢nts Donation5 Gen£ra] MaiTrtenan¢e 7.789 {918) (911) Surplysl(D¢ficitJ for the Year 8,261 (582) Accumulated surp1 BIForward 31,579 32,161 Accu otivard 39,840 31.579 Investment Revaluatson B/Foti¥ard R¢valv8ti0n eliminated on disposal Revaluation during year 7,928 (7,928) 8.040 (112) Investment Revaluation CIFO 7,928 TOTAL ERVE 39,840 39,507