**REGISTERED CHARITY NUMBER: 207264** ## **REPORT OF THE TRUSTEES AND** **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021** ## **FOR** ## **DUNTON'S ALMSHOUSES** Walter Wright Chartered Accountants 89 High Street Hadleigh Ipswich Suffolk IP7 5EA **DUNTON'S ALMSHOUSES** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021** |||**Page**|| |---|---|---|---| |**Report of the Trustees**|1|to|2| |**Independent Examiner's Report**||3|| |**Statement of Financial Activities**||4|| |**Balance Sheet**||5|| |**Notes to the Financial Statements**|6|to|7| |**Detailed Statement of Financial Activities**||8|| **DUNTON'S ALMSHOUSES** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021** The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** The general objective of the charity is the provision of housing for pensioners. The charity continued to pursue this objective during the year under review. During the year the charity has continued to provide the elderly with housing for a rate below the market average. In addition, during the year the charity continued to review its reserves to try to improve the financial return it was making. ## **Public benefit** Dunton's Almshouses reviews its aims, objectives and achievements each year. In undertaking this review the trustees pay due regard to guidance issued by the charity commission in determining how Dunton's Almshouses should carry out its activities for the public benefit. ## **FINANCIAL REVIEW** ## **Reserves policy** The current level of cash reserves available is now £206k, equivalent to around 9 years of normal operating expenditure. The long-term aim is to increase almshouse accommodation if possible. The trustees deem the current position of the charity to be healthy. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is constituted under a declaration of trust dated 15 April 1859 and is a registered charity. The declaration of trust has since been amended, with the latest amendment being made on 20 November 2007. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 207264 ## **Principal address** Homestead Coopers Lane Dedham Colchester Essex CO7 6AX ## **Trustees** Mr P S Foster (Chairman) Mrs M J Jewell Mr C Biggins Mr J Millican (Resigned 1 June 2021) Mr I Lovelock Mrs S Geary Mr J Hayden Mrs Carolyn Clayton (Appointed 13 April 2021) Mrs Léonie McLaughlin (Appointed 13 April 2021) New trustees are appointed by the existing trustees and the trustees keep the skill requirement of the trustees under review Page 1 **DUNTON'S ALMSHOUSES** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021** **REFERENCE AND ADMINISTRATIVE DETAILS Independent Examiner** Mr D Simcox FCA Walter Wright Chartered Accountants 89 High Street Hadleigh Ipswich Suffolk IP7 5EA **Bankers** Barclays Bank plc PO Box 1 9 High Street Colchester CO1 1DD Ipswich Building Society PO Box 547 Ipswich IP3 9WZ Virgin Money Jubilee House Gosforth Newcastle upon Tyne NE3 4PL ## **REVEREND C A JONES ACCOUNTS** The Reverend C A Jones account was an endowment to the Almshouses, the income from which was originally intended to provide heating to the residents. The income from this endowment comes from the investment each year and as long as there is sufficient income, is donated to the residents currently as a Christmas gift. A summary of the transactions for the year is shown in the attached notes. Approved by order of the board of trustees on ............................................. and signed on its behalf by: ................................................................. Trustee Page 2 **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DUNTON'S ALMSHOUSES** ## **Independent examiner's report to the trustees of Dunton's Almshouses** I report to the charity trustees on my examination of the accounts of Dunton's Almshouses (the Trust) for the year ended 31 December 2021. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mr D Simcox FCA Walter Wright Chartered Accountants 89 High Street Hadleigh Ipswich Suffolk IP7 5EA Date: ............................................. Page 3 **DUNTON'S ALMSHOUSES** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021** |2021
Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
**Charitable activities**
Residents' contributions
33,717
Investment income
2
2,707
Other income
500
**Total**
36,924
**EXPENDITURE ON**
**Charitable activities**
Almhouse expenses
24,935
**NET INCOME**
11,989
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
285,224
**TOTAL FUNDS CARRIED FORWARD**
297,213|2020
Total
funds
£
34,875
3,120
-| |---|---| ||37,995
23,789| ||14,206
271,018| ||285,224| The notes form part of these financial statements Page 4 **DUNTON'S ALMSHOUSES** ## **BALANCE SHEET 31 DECEMBER 2021** |2021
Unrestricted
fund
Notes
£
**CURRENT ASSETS**
Investments
4
92,016
Cash at bank
205,797
297,813
**CREDITORS**
Amounts falling due within one year
5
(600)
**NET CURRENT ASSETS**
297,213
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
297,213
**NET ASSETS**
297,213
**FUNDS**
Unrestricted funds
297,213
**TOTAL FUNDS**
297,213|2020
Total
funds
£
92,016
193,808
285,824
(600)
285,224
285,224
285,224
285,224
285,224| |---|---| The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: ............................................. Trustee The notes form part of these financial statements Page 5 **DUNTON'S ALMSHOUSES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The accounts of the charity, which is a public benefit entity, have been prepared under the receipts and payments basis. ## **Income** Residents' contributions, dividends and interest are credited in the period in which they are received. ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Investments** Investments are included at their original cost price. ## **Property** The property comprises: (a) Nine almshouses situated in Crown Street, Dedham founded in 1517 and rebuilt in 1806. (b) Farm land at Clacton All of the properties have been held by the charity for many years. No value has been attached to them in the Statement of Assets and Liabilities, but they are insured for £1,500,000. ## **2. INVESTMENT INCOME** ## **3.** |Farmland rent
Deposit account interest
Dividends
**TRUSTEES' REMUNERATION AND BENEFITS**
Trustees' salaries|2021
£
1,750
771
186
2,707
2021
£
1,200|2020
£
1,750
1,173
197| |---|---|---| |||3,120| |||2020
£
980| ## **Trustees' expenses** Mrs V Baker, trustee, was paid £0 (2020 £700) for her services as official visitor during the year. Mr C Biggins, trustee, was paid £1200 (2020 £980) for his services as clerk. Page 6 continued... **DUNTON'S ALMSHOUSES** **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021** ## **4. CURRENT ASSET INVESTMENTS** |2021
2020
£
£
Unlisted investments
92,016
92,016
**Share units**
**Market value**
**Cost**
**Income**
**Charities official investment fund**
**£**
**£**
**£**
**£**
Capital account
371
90095
36723
**National Association of Almshouses**
Common investment funds:
Duntons Almshouses
900
94331
53727
Sophia Hewitts Bequest
5624
5156
1566
186
6895
189581
92016
186
Valuation movements
0
24777
0
Investments brought forward
6895
164804
92016
Investments carried forward
6895
189581
92016
**5.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
2021
2020
£
£
Other creditors
600
600
**6.**
**RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 December 2021.
**7.**
**REVEREND C A JONES CHARITY ACCOUNTS**
**STATEMENT OF ASSETS AND LIABILITIES**
**2021**
**2020**
**£**
**£**
**Cash funds**
Barclays current account
539
448
**Other assets**
172 COIF income shares
(Market value £3,537 )
172
172
711
620
**RECEIPTS AND PAYMENTS ACCOUNT**
Income from shares
91
89
Cash funds brought forward
448
359
Cash funds carried forward
539
448|2021
2020
£
£
Unlisted investments
92,016
92,016
**Share units**
**Market value**
**Cost**
**Income**
**Charities official investment fund**
**£**
**£**
**£**
**£**
Capital account
371
90095
36723
**National Association of Almshouses**
Common investment funds:
Duntons Almshouses
900
94331
53727
Sophia Hewitts Bequest
5624
5156
1566
186
6895
189581
92016
186
Valuation movements
0
24777
0
Investments brought forward
6895
164804
92016
Investments carried forward
6895
189581
92016
**5.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
2021
2020
£
£
Other creditors
600
600
**6.**
**RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 December 2021.
**7.**
**REVEREND C A JONES CHARITY ACCOUNTS**
**STATEMENT OF ASSETS AND LIABILITIES**
**2021**
**2020**
**£**
**£**
**Cash funds**
Barclays current account
539
448
**Other assets**
172 COIF income shares
(Market value £3,537 )
172
172
711
620
**RECEIPTS AND PAYMENTS ACCOUNT**
Income from shares
91
89
Cash funds brought forward
448
359
Cash funds carried forward
539
448|2021
2020
£
£
Unlisted investments
92,016
92,016
**Share units**
**Market value**
**Cost**
**Income**
**Charities official investment fund**
**£**
**£**
**£**
**£**
Capital account
371
90095
36723
**National Association of Almshouses**
Common investment funds:
Duntons Almshouses
900
94331
53727
Sophia Hewitts Bequest
5624
5156
1566
186
6895
189581
92016
186
Valuation movements
0
24777
0
Investments brought forward
6895
164804
92016
Investments carried forward
6895
189581
92016
**5.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
2021
2020
£
£
Other creditors
600
600
**6.**
**RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 December 2021.
**7.**
**REVEREND C A JONES CHARITY ACCOUNTS**
**STATEMENT OF ASSETS AND LIABILITIES**
**2021**
**2020**
**£**
**£**
**Cash funds**
Barclays current account
539
448
**Other assets**
172 COIF income shares
(Market value £3,537 )
172
172
711
620
**RECEIPTS AND PAYMENTS ACCOUNT**
Income from shares
91
89
Cash funds brought forward
448
359
Cash funds carried forward
539
448|2021
2020
£
£
Unlisted investments
92,016
92,016
**Share units**
**Market value**
**Cost**
**Income**
**Charities official investment fund**
**£**
**£**
**£**
**£**
Capital account
371
90095
36723
**National Association of Almshouses**
Common investment funds:
Duntons Almshouses
900
94331
53727
Sophia Hewitts Bequest
5624
5156
1566
186
6895
189581
92016
186
Valuation movements
0
24777
0
Investments brought forward
6895
164804
92016
Investments carried forward
6895
189581
92016
**5.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
2021
2020
£
£
Other creditors
600
600
**6.**
**RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 December 2021.
**7.**
**REVEREND C A JONES CHARITY ACCOUNTS**
**STATEMENT OF ASSETS AND LIABILITIES**
**2021**
**2020**
**£**
**£**
**Cash funds**
Barclays current account
539
448
**Other assets**
172 COIF income shares
(Market value £3,537 )
172
172
711
620
**RECEIPTS AND PAYMENTS ACCOUNT**
Income from shares
91
89
Cash funds brought forward
448
359
Cash funds carried forward
539
448|2021
£
92,016|2021
£
92,016|2021
£
92,016|2021
£
92,016|2020
£
92,016|2020
£
92,016| |---|---|---|---|---|---|---|---|---|---| ||||||||||| |||||||**Cost**
**Income**|||| ||**£**|**£**||||**£**|||**£**| ||371|90095||||36723|||| ||||||||||| ||||||||||| ||||||||||| ||900|94331||||53727|||| ||5624||5156||||1566||186| ||6895|189581||||92016|||186| ||||||||||| ||0|24777||||0|||| ||6895|164804||||92016|||| ||6895|189581||||92016|||| ||||||||||2020
£
600| ||||||||||**2020**| ||||||||||**£**| ||||||||||| ||||||||||448| ||||||||||| ||||||||||| ||||||||||| ||||||||||172| ||||||||||620| ||||||||||| ||||||||||| ||||||||||| ||||||||||89| ||||||||||| ||||||||||359| ||||||||||448| ||||||||||| ||||||||||| ||||||||||| Page 7 **DUNTON'S ALMSHOUSES** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021** |**INCOME AND ENDOWMENTS**
**Investment income**
Farmland rent
Deposit account interest
Dividends
**Charitable activities**
Residents' contributions
**Other income**
Other income
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
General repairs
Rates and water
Insurance
Light and heat
Postage and stationery
Sundries
**Support costs**
**Governance costs**
Clerk's honorarium
Visitor's honorarium
Accountancy and legal fees
Total resources expended
**Net income**|2021
£
1,750
771
186
2,707
33,717
500
36,924
17,875
1,623
1,550
37
-
393
21,478
1,200
-
2,257
3,457
24,935
11,989|2020
£
1,750
1,173
197| |---|---|---| |||3,120
34,875
-| |||37,995
17,257
1,552
1,462
45
212
771| |||21,299
980
700
810| |||2,490| |||23,789| |||14,206| This page does not form part of the statutory financial statements Page 8