2023-03-31-accounts - The Mary Hougham Almshouses

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

		Page
Reference and Administrative Details
Report ofthe Trustees	2	to	3
Independent Examiner's Report
Statement ofFinancial Activities
Balance Sheet
Notes to the Financial Statements	7	to	12
Detailed Statement of Financial Activities		13

RESIDENTS MAINTENANCE CONTRIBUTIONS
	2023	2022
Resident maintenance	64,934	61,620
INVKSTMKNT INCOME
	2023	2022
		8
Investment income	9,233	13,886
Interest receivable	263
	9,496	13,886

COMPARATIVES FOR THE STATEMENT	COMPARATIVES FOR THE STATEMENT	COMPARATIVES FOR THE STATEMENT	COMPARATIVES FOR THE STATEMENT	OF FINANCIAL	ACTIVITIES
				Unrestricted	Restricted	Endowment	Total
				funds	funds	fund	funds
INCOME	AND ENDOWMENTS		FROM
Residents	maintenance	contributions		61,620			61,620
Investment	income			13,886			13,886
Total				75,506			75,506
EXPENDITURE ON
Charitable	activities
Operating	costs			83,487			83,487
Net gains/(losses) on investments				(37,980)		1,924,414	1,886,434
NET INCOME/(EXPENDITURE)				(45,961)		1,924,414	1,878,453

		FORTHE YEAR	FORTHE YEAR	END	ED 31MARC	H 2023	H 2023
	COMPARATIVES	FORTHE STATEMENT		OF	FINANCIAL	ACTIVITIES -continued
				Unrestricted		Restricted	Endowment	Total
					funds I	funds	fund I	funds
	RECONCILIATION OF FUNDS
	Total funds brought	forward			545,729		675,586	1,221,315
	TOTAL FUNDS CARRIED FORWARD				499,768		2,600,000	3,099,768
7.	TANGIBLE FIXEDASSETS
								Freehold
								properly I
	COST OR VALUATION
	At 1 April 2022 and	31	March 2023					2,600,000
	NET BOOK VALUE
	At 31 March 2023							2,600,000
	At 31 March 2022							2,600,000
	Cost or valuation at	31March 2023 is represented		by:
								Freehold
								property
	Valuation in 2022							1,924,414
	Cost							675,586
								2,600,000
	The I'reehold properties		were valued by the trustees at		market value at 31 March 2023.
8.	FIXEDASSETINVESTMKNTS
								Unlisted
								investments
	MARKET VALUE
	At 1 April 2022							24,826
	Revaluations							(1,470)
	At 31March 2023							23,356
	NET BOOK VALUE
	At 31 March 2023							23,356
	At 31 March 2022							24,826
	There were no investment		assets outside the UK.

8.	FIXEDASSETI	FIXEDASSETI	NVESTMENTS - continued	NVESTMENTS - continued
	Cost or valuation		at 31March 2023 is represented		by:
									Unlisted
									investments
	Valuation in 2020								115
	Valuation in 2021								(369)
	Valuation in 2022								(1,902)
	Valuation in 2023								(1,470)
	Cost								26,982
									23,356
9.	DEBTORS:AMOUNTS FALLING DUK			WITHIN		ONE YEAR
								2023	2022
	Debtors and prepayments							46,542	1,944
10.	CURRENT ASSETINVKSTMKNTS
								oo23	2022
									I
				Purchase			Units	Market	Market
	Cyclical Maintenance Fund								159,665
	Extra Ordinary	Repairs Fund							100,239
	Expansion Fund			206,983			158,802	187,005	207,316
				206,983			158,802	187,005	467,220
11.	CREDITORS:	AMOUNTS FALLING DUE WITHIN ONE YEAR
								2023	2022
	Sundry creditors							3,570	3,166
12.	ANALYSIS OF NKT ASSETSBETWEEN FUNDS
								2023	2022
			Unrestricted		Restricted		Endowment	Total	Total
			funds			funds	fund	funds	funds
	Fixed assets						2,600,000	2,600,000	2,600,000
	Investments		23,356					23,356	24,826
	Current assets		295,234					295,234	478,108
	Current liabilities		(3,570)					(3,570)	(3,166)
			315,020				2,600,000	2,915,020	3,099,768

			Net
			movement	At
		At 1.4.22	in funds	31.3.23
Unrestricted funds
General fund Capital Fund Cyclical Maintenance Extra Ordinary Repair Expansion Fund	Fund Fund	7,196 25,352 159,665 100,239 207,316	10,936 (1,470) (119,245) (54,658) (20,311)	18,132 23,882 40,420 45,581 187,005
Endowment funds		499,768	(184,748)	315,020
Endowment Fund		2,600,000		2,600,000
TOTAL FUNDS		3,099,768	(184,748)	2,915,020

			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
				c		f
Unrestricted funds
General fund Capital Fund Cyclical Maintenance Extra Ordinary Repair Expansion Fund	Fund Fund		74,430	(63,494) (109,652) (49,148) (8,000)	(1,470) (9,593) (5,510) (12,311)	10,936 (1,470) (119,245) (54,658) (20,311)
			74,430	(230,294)	(28,884)	(184,748)
TOTAL FUNDS			74,430	(230,294)	(28,884)	(184,748)
Comparatives for movement		in funds
				Net	Transfers
			At ].4.21	movement in funds	between funds	At 31.3.22
					f
Unrestricted tunds
General fund Capital Fund Cyclical Maintenance Fund Extra Ordinary Repair Fund Grant Redemption Fund Expansion Fund			15,177 27,254 171,968 107,989 223,341	42,266 (1,902) (62,550) (7,750) (16,025)	(50,247) 50,247 (207,316) 207,316	7,196 25,352 159,665 100,239 207,316
Endowment funds			545,729	(45,961)		499,768
Endowment Fund			675,586	1,924,414		2,600,000
TOTAL FUNDS			1,221,315	1,878,453		3,099,768

	F	OR THE YEAR ENDED 31MAR	CH 2023
			2023	2022
INCOME AND ENDOWMENTS
Residents maintenance	contributions
Resident maintenance			64,934	61,620
Investment income
Investment income			9,233	13,886
Interest receivable			263
			9,496	13,886
Total incoming resources			74,430	75,506
EXPENDITURE
Charitable activities
Rates and water			2,125
Insurance			3,071	2,786
Sundry expenses			117	204
Management fees			15,600	7,200
Unidial charges			1,830	1,830
Stair lift maintenance			1,721	2,840
Service charges			1,905	4,006
National association ofalmshouses			198	203
Ombudsman			55	52
Repairs and maintenance			1,930	1,783
Room hire			74	212
Repairs - Electrical works			552	1,463
Repairs —Fire protection			497	505
Repairs —Gas Fires				828
Repairs - Water			4,555	2,343
Refurbishment			192,476	50,247
Independent examiner's	fee		1,512	1,440
Clerk's expenses			1,224	2,322
Accountancy and administration			780	851
Professional fees			72	2,372
			230,294	83,487
Total resources expended			230,294	83,487
Net expenditure before	gains and losses		(155,864)	(7,981)
Realised and unrealised	recognised	gains and losses
Surplus/deficit on investments			(28,884)	(37,980)
Unrealised surplus/deficit	on fixed assets			1,924,414
Net (expenditure)/income			(184,748)	1,878,453