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|Contents||||
|---|---|---|---|
|Page:||||
||Reference 4 Administration||Information|
|2-5|Report ofthe trustees|||
|6-9|Report ofthe independent||auditors|
|10|Statement ofFinancial|Activities||
||Balance Sheet|||
|12- 17|Notes on the financial|statements||
|Charity name:|||Norton Folgate Almshouse
Charities|||
|---|---|---|---|---|---|
|Charity Registration||number:|207243|||
|Registered Office:|||6 Trull Farm Building,
Tetbury, Glos, GL8 8SQ|||
|Correspondence|Address:||6 Trull Farm Building, Tetbury, Glos, GL8 8SQ|||
|Trustees:|||Mr CD Weavers
Co-opted (Chair)|||
||||Mr P Gamble
Co-opted
(resigned Feb 2022)|||
||||Ms CMcCarter Co-opted|||
||||Ms ABissett (formerly Bapst) LBTH|||
||||Mr P Goldring exofficio (resigned Jan 2023)|||
||||Ms IPuchwein
Co-opted|||
||||Mr SPavitt PCC (resigned August 2022)|||
||||Mr RWasserfall PCC|||
||||Ms N Grimmett PCC (joined Sept 2022)|||
||||Mr. D Wolf (joined Jan. 2023)|||
|Clerk to the Trustees:|||Kellie Carson|||
|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)|||
|Solicitors:|||Devonshires
Solicitors, 30Finsbury
Circus, London EC2M||7DT|
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|||||||Unrestricted|Endowment|Total Funds|Total Funds|
|---|---|---|---|---|---|---|---|---|---|
|||||||Funds|Funds|2022|2021|
||||||Notes|||||
|Income and|endowments||from:|||||||
|Charitable
activities||||||82,342||82,342|89,259|
|Investment|income|||||131,784|2,207|133,991|73,819|
|Other Incoming
Resources||||||1,202||1,202|15,927|
|Total||||||215,328|2,207|217,535|179,005|
|Expenditure|on:|||||||||
|Charitable
activities||||||151,070||151,070|118,383|
|Total||||||151,070||151,070|118,383|
|Net income|before|net gains/(losses)||on||64,258|2,207|66,465|60,622|
|investments||||||||||
|Net gains/(losses)
on investments||||||(1,539)|(9,714)|(11,253)|119,901|
|Net movement
in funds||||||62,719|(7,507)|55,212|180,523|
|Reconciliation ofFunds||||||||||
|Total funds|brought|forward||||1,434,554|1,318,129|2,752,683|2,572, 160|
|Total funds|carried forward|||||1,497,273|1,310,622|2,807,895|2,752,683|
##
||||2022||2021||
|---|---|---|---|---|---|---|
|||Notes|||||
|Fixed assets:|||||||
|Tangible assets||||396,383||407,160|
|Investments||||1,469,797||1,481,049|
|Total fixed assets||||1,866,180||1,888,209|
|Current
assets|||||||
|Debtors|||7,401||16,368||
|Cash at bank and in|hand||1,075,349||1,051,061||
|Total current assets|||1,082,750||1,067,429||
|Liabilities|||||||
|Creditors: Amounts|falling due within one year|10|(141,035l||(202,955l||
|Net current assets||||941,715||864,474|
|Net assets||||2,807,895||2,752,683|
|The funds ofthe charity:|||||||
|Endowment
funds||||1,310,622||1,318,129|
|Unrestricted
income|funds||||||
|General funds||13|1,378,699||1,315,980||
|Designated
funds||12|118,574||118,574||
|||||1,497,273||1,434,554|
|Total charity funds||||2,807,895||2,752,683|
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||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
||Contributions
receivable|net|ofidentifiable|||service charges|82,342|89,259|
|3|INVESTMENT
INCOME||||||||
||||||||2022|2021|
||Rent receivable from investment|||properties|||131,784|71,667|
||Income receivable on endowment||||asset||2,207|2,152|
||||||||133,991|73,819|
|4|OTHER INCOMING|RESOURCES|||||||
||||||||2022|2021|
||Bank interest receivable||||||1,019|173|
||Other income||||||183|15,754|
||||||||1,202|15,927|
|5|EXPENDITURE ON|CHARITABLE||||ACTIVITIES|||
||||||||2022|2021|
||Charitable
activities:||||||||
||Repairs||||||28,659|61,489|
||Service cost||||||36,939|21,262|
||Interest payable on housing||loan|||||1,936|
||Administrative
costs||||||27,957|18,744|
||Quinquennial
Repairs||||||41,585||
||Depreciation||||||10,776|10,776|
||||||||145,916|114,207|
||Support costs (governance):||||||||
||Auditors'
remuneration|(including|||VAT and expenses)||5,154|4,176|
||- In their capacity as auditors||||||||
||||||||151,070|118,383|
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|FIXED ASSETS||||
|---|---|---|---|
||Freehold|Furniture||
||almshouse|and||
||property
f|equipment
f|Total
f|
|Cost||||
|At 1 January 2022|1,041,340|9,309|1,050,649|
|At 31December 2022|1,041,340|9,309|1,050,649|
|Social Housing Grant||||
|At
1 January 2022 &31December 2022|502,542||502,542|
|Depreciation||||
|At I January 2022|131,638|9,309|140,947|
|Charge for the year|10,776||10,776|
|At 31 December 2022|142,414|9,309|151,723|
|Net BookValue||||
|At31December 2022|396,384||396,384|
|At 31December 2021|407,160||407,160|
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||||Endowment||Total|||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||Fund-|Endowment|Endowment|Unrestricted||||||
||||Investment|Fund - Listed|Fund-|Fund|-|Listed||||
||||property|investments|Investments|investments|||Tota|I2022|Total 2021|
||||E||||||E||E|
|Market Value||||||||||||
|At January|2022||1,390,000|83,564|1,473,564|||7,485|1,481,049||1,353,120|
|Reclassification||in the year||||||0||0|8,027|
|Revaluation|in the year|||(9,714)|(9,714)|||(1,539)||(11,253)|119,902|
|||||||||||0||
|At31December||2022|1,390,000|73,850|1,463,850|||5,947|1,469,797||1,481,049|
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|9|DEBTORS||||
|---|---|---|---|---|
||||2022|2021|
||Amounts
receivable|within one year:|||
||Sundry debtors and|prepayments|3,823|2,314|
||Rent arrears||3,578|14,054|
||||7,401|16,368|
|10|CREDITORS DIJEWITHIN ONE YEAR||||
||2022|2021|
|---|---|---|
|Loan principal||3,937|
|Trade creditors|4,033|14,947|
|Accruals and deferred income|6,260|54,832|
|Other creditors|130,742|129,239|
||141,035|202,955|
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|NDOWMENT
FUND||||
|---|---|---|---|
|||2022|2021|
||||E|
|Balance at beginning ofyear||1,318,129|1,195,533|
|(Decrease) in value offixed asset investments|during year|(9,714)|120,444|
|Income earned in year||2,207|2,152|
|Balance at end ofyear||1,310,622|1,318,129|
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|||Reserve for|Reserve for||||||
|---|---|---|---|---|---|---|---|---|
|||Future||||Future|||
|||Cyclical||Extraordinary||Repairs and|Total|Total|
|||Maintenance||Repair|Fund|Maintenance|2022|2021|
|At 1 January 2022|||38,854||54,720|25,000|118,574|118,574|
|Transfers
in year|||||||||
|At 31December 2022|||38,854||54,720|25,000|118,574|118,574|
|GENERAL FUND|||||||||
||||||||2022|2021|
|Balance at beginning ofyear|||||||I,315,980|1,258,052|
|Net income before|net|gain/(losses)|on investments||||64,258|58,470|
|Net gains/(losses)|on investments||||||(1,539)|(542)|
|Balance at end ofyear|||||||1,378,699|1,315,980|
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