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|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|
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|||||||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|
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|||||||||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|
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|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|
##
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||||Endowment|Endowment|Total|Lnresttdcted|Lnresttdcted|||
|---|---|---|---|---|---|---|---|---|---|
|||||Fund - Listed|Endowment|**F**
d
und|**L**I 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|
##
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||||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|
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|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|
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||||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|
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