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2021-12-31-accounts

Contents
Page:
Reference & Administration Inforination
2-4 Report ofthe trustees
5-8 Report oftlie independent auditors
Statement of Financial Activities
10 Balance Sheet
11-17 Notes on the financial statements
Charity name: Norton Folgate Almshouse
Charities
Charity Registration number: 207243
Registered Office: 6Trull Farm Building,
Tetbury, Glos, GL8 8SQ
Correspondence Address: 6Trull Farm Building, Tetbury, Glos, GL8 8SQ
Trustees: Mr CD Weavers
LBTH (Chair from July 2021)
Mr D Gamble
Co-opted
(resigned		 Feb 2022)
Ms CMcCarter Co-opted
(Chair until July 2021)
Ms A Bapst LBTH (from June 21)
Mr P Goldring ex officio (I'rom Sept 21)
Ms IPuchwein
LBTH
Mr SPavitt PCC
Rev. Andy Rider ex officio (retired April 2021)
Mr RWasserfall
PCC (from May 21)
Clerk to the Trustees: Mr K0Povey (retired Oct 21)
Kellie Carson (from Oct 21)
Auditors: Kreston Reeves LLP, Montague Place, Quayside, Chatham Maritime, Kent, ME4
4QU.
Bankers: Allied Irish Bank (GB),26Finsbury Square, London EC2A 1DS
(closed March 2022)
CAF Bank (Online) Limited, 25 Kings Hill Avenue, Kings Hill, Kent,
ME194JQ (opened —March 2022)
Triodos Bank NV, Deanery Road, Bristol BS15AS (closed November
2021)
Solicitors: Devonshires
Solicitors, 30Finsbury		 Circus, London EC2M 7DT

Unrestricted Endoxvment Total Funds Total Funds
Funds Funds 2021 2020
Notes
Income and endoxvments front:
Charitable
activities		 89,259 89,259 89,085
Investinent income 71,667 2,152 73,819 68,3]2
Other Incoming
Resources		 15,927 15,927 850
Total 176,853 2,152 179,005 158,247
Expenditure on:
Charitable
activities		 118,383 118,383 72,555
Total 118,383 118,383 72,555
Net income before net gains/(losses) on 58,470 2,152 60,622 85,692
investments
Nct gains/(losses)
on investments		 (542) 120,444 119902 5,631
Net movement
in funds		 57,928 122,596 180.524 91.323
Reconciliation
ofFunds
Total funds brought forward 1,376,627 1,195,533 2.572,160 2,480,837
Total funds carried forward 1,434,555 I,318,129 2,752.684 2,572,160

2021 2020
Notes
Fixed assets:
Tangible
assets		 407,160 417,93C&
Investments 1,481.049 1,353, 120
Total fixed assets 1,888,209 1,771,056
Current
assets
Debtors 9 16,368 34,244
Investments 10 8.027
Cash at bank and in hand 1,051,061 936,712
Total current assets 1,067,429 982,983
Liabilities
Creditors:
Amounts		 falling due v ithin one year 11 (202,955) (114,809)
Net current assets 864,474 868,174
Total assets less current liabilities. 2,752,683 2,639,230
Creditors: Amounts falling due after morc than 12
onc ycal' (67,070)
Net assets 2,752,683 2,572,160
Thc funds ofthe charity:
Endovrmcnt funds 13 1,318,129 1,195,533
Unrestricted laconic funds
General
funds		 1,315,980 1,258,053
Designated funds 14 118,574 118,574
1,434.554 1,~7(&,627
Total cjtaritii fiinds 2,752,C&83 2,572, 1 C)0

2021 2020
Contributions
receivable		 net ofidentifiable service charges 89,259 89.085
3 INVESTMENT INCOME
2021 2020
Rent receivable from investment properties 71,667 66.202
Income receivable
on endowment		 asset 2.152 2.110
73,819 68,312
4 OTHER INCOMING RESOURCES
2021 2020
Bank interest receivable 173 850
Other income 15,754
15,927 850
5 EXPENDITURE ON CHARITABLE ACTIVITIES
2021 2020
f
Charitable
activities:
Repairs 61,489 21,673
Service cost 21,262 20,738
Interest payable on housing loan 1,936 3,239
Administrative costs 18,744 12,751
Depreciation 10,776 10.776
114,207 69,177
Support costs (governance):
Auditors'
remuneration		 (including VAT and expenses) 4,176 3.378
- In their capacity as auditors
118,383 7'7 $55

IXED ASSETS
Freehold Furniture
almshouse and
propertyf equipmentf Total
Cost
At 1 January 2021 1,041,340 9,309 1,050,649
At 31 December 2021 1,041,340 9,309 1,050,649
Social Housing Grant
At
1 January 2021 ~4 31 December 2021		 502,542 502,542
Depreciation
At I January
2021		 120,862 9,309 120.862
Charge
1'or the year		 10,776 ),776
At 31 December 2021 13],638 9309 131,638
Net Book Value
At 31December 2021 407,160 407,160
At 31December 2020 417,936 417.936

Endowment Endowment Total Lnresttdcted Lnresttdcted
Fund - Listed Endowment F
d
und		 LI t d
— isted		 Total 2021 Total 2020
Investment Fund
Investinents Investments
piopetty Investments
f
Klarket value
At I Januaty 2021 1.279,000 74,120 1,353.120 1,353,120 1,347.729
Reclassificatiou in the year 8.027 8,027
Revaluation in the year 111,000 9,444 120,444 (542) 119,902 5,391
At 31December 2021 1.390,000 83,564 1,473,564 7.485 1.481,049 1.353,120

DEBTOR S
2021 2020
Amounts receivable ivithin one year;
Sundry
debtors and		 prepayments 2,314 3.516
Rent arrears 14,054 34,728
16,368 38,244
10 OTHER INVESTMENTS
2021 2020
f
At market value:
4,074.85 Charinco Income Units 8.027

2021 2020
Loan principal 3,937 24,529
Trade creditors 14,947 (1,552)
Accruals and deferred income 54,832 9],827
Other creditors 129,239
202,955 I 14,809
CREDIT ORS DUE GREATER THAN ONE YEAR
2021 2020
Amounts falling due ai'ter more than onc year:
Housing loans repayable by instalments:
Between onc and two years 13,145
Between tv o and five years 42,520
After five years 11,405
67,070

NDOW MENT
FUND
2021 2020
f F
Balance at beginning ofyear I, 195,533 1,188.032
Increase in v alue offixed asset investments during year 120,444 5.391
Income can)cd in year 2.152 2,110
Balance at cnd ofyear 1.318,129 1,195,533

Reserve for
Future Future
Cyclical Extraordinary Repairs and Total Total
Maintenance Repair Fund Maintenance 2021 2020
At 1 January 2021 38,854 54,720 25,000 118,574 118,574
Transfers in year
At 31December 2021 38,8S4 54.720 25,000 118,574 118,574

GENERAL FUND
2021 2020
E
Balance at beginning ofyear I,258,053 1,174,231
Net income before net gain/(losses) on investments 58,470 83,582
Net gains/(losses)
on investments		 (542) 240
Balance at end ofyear 1,315,981 1,258,053