CHARITY REGISTERED NUMBER: 207524
FITZGERALD CHARITY
TRUSTEFS, REPORT AND FINANCIAL ￿ATEMEWrS
FOR THE PERIOD ENDED 31 MARCA 2022
S J PICKUP & CO.
CHARTERED ACCOUNTANTS
LONG ACRE
MILTON STREET
POLEGATE
BN26 5RW

FOR THE PEIUOD ENDED 31 MARCH 2022
cor4TENTS
P¥
Trust¢¢s report
Independent Ex8mineVs Report
Statement of financial activities
D¢tail¢d ana]ysis of fill
Balance sheet
Notes

FITZGERALD CHARITY
TRUSTEES, ANNUAL REPORT
FOR THE PEIUOD ENDED 31 MARCH 2022
Th¢ Tnth Present their rewFrt and the financial statements of the charity for the period ended 31 March 2022.
The tn￿e¢S have adopted the provisions of the Stat¢m¢nl of R¢coTnmended Pradi¢e (SORP) 'A¢￿untIng 8nd
R¢wrting by ClJariti¢s" IFRS102} in preparing th¢ aDnual report and finan¢ial stat¢rn¢nts of the rharity.
S¢rue¢urfy Gov¢rDalltt aDd ma￿￿gement
The Charity was created in 1858 and its powers aDd duti¢s aT¢ currently d¢fined by its Scheme of Governance
dated 17 June 2004. The Charity is Consti￿ted as an unincoTrorated charity and is regulated by the Charity
Commission for England and Wales (Reference Nulnber 207524). Th¢ Ch&rity is al$0 answerable to the
National Regulator of Social H￿￿1￿8 (registet number A2363)
Org8nisation
A board of Tr￿tee$ of up to 9 m¢mb¢r5. who meet quarterly, adIn]n￿erS the charity. Thetr Is a P&stordl Catr
and Grounds sub-committee. The day- knday management setvice of the Clwity is callied under ¢ontr&ct
with the Parochial Church Council of Sutton with Seaford. Financial services provided by a local fimi of
accowttallts. A local consuhant deals with major capital work& preparing all the documentstion for Trustees,
approval. To ensure all Charity policies are up to date, the Ch￿lty is registered with the Almshouse A5SOCi&ti¢)n
(Registration Nw)Jb¢r 220). The investn]¢nt portfolio is managed by E&stbourne inv&thent managers, Charl
Stanley who advise on jnvesttll￿t strategy in the light ofmarket conditions.
Risk policy
The Tn￿ have examined the major $trxtegiE business and operational risks which the Charity faces and
¢onfirm that systems have established to lessen these risks.
Objectives and activities
The Charity cutTentty provides 14 affordable homes in Fitzgerald Hous4 Seaford. These are let charges well
below market levels in accordance with Govemance guidance on social housing Tht levels. The Cbarity is
utthle to make new lettings to outsidet3 while it goes through a rolling progrdnllne of internal rehousing and
refi2Tbishment, honouring its r48ponsibilities towth eurrent residents. This should eome tr> an end in about 2
years when the current waiting list of apphcants will be used to select new residents. The Scheme of
Gov¢rnan¢¢ deteTmiD¢S th¢ uitrriath* Tn]sttt% must use in Accepting applicants otrto the waitin8 lisL

FITZGERALD CHARITY
TRUSTEES, AI4NUAL REPORT (Continued)
FOR THE PEIUOD ENDED 31 MARCH 2022
Aehlevements 4thd perfDnllan¢e
Jn the current year a fijrther 3 fiats have undergone wmplete refurbishment and are ready for 0￿uPatIon in May
2022, rel￿41￿8 a fiTth¢r 3 unmodernised flats Into the ncxl ph&8¢ of the programme. As a eotwuettce 5 of the
14 fiats will have undergone suth work. Each phase is expected to tske up to 9 months to complete. In the
current y¢w, in or(kr to ensure that the Charity lives colnfortably within its revenue ineome derived froln it$
maintenancx dw8es only, the whole business plan has been reviewtsl rt4ulting in ¢hange of mana8in8 a8ents
d aceountants. This enables the significant invesknellt portfolio to wort sol¢ly to provide the fimds for the
refurbishment progr8n]me for all 14 flats and leave a residue which will be built up over the wming years, as
the income l¢v¢l return to their maximutn when all 14 flats ar¢ ocwpie(L Trustees were pleased to see that th¢
trvised business plan budget was achieved by the year end despite a year of significant org&ni5ational change.
Trustee numbers have increased $0 that we hav¢ a full wrnplement now, enabling Trustees to beei)m¢ more
dÈre£tty involved in proje¢t supervising of the refirbis]Trtnent progr￿. Tesident welfare. and ground
maintenance.
FinaDeial revlew
tnyestment policy
The aim of the Chalitys investment ￿rtfoliO is to provide an agreed and cim5tstent reth (accepting that this
reknun will fluctuate according lo g¢n¢rdl market conditionsk in line with the Charity's lower risk approach. The
Charity follows an ethical Invest￿ent policy and will not inv¢sÉ in OTganisati¢)ns supporting arnis Jnanufa¢tLm
pr￿JUCtion of tobk¢co or the prornotion of gambling. Currendy, most of the Charity'$ inveslments are to be
used for the on80in8 refurbishrnent, so they are being roanaged to ettsure the most adv8ntag¢ous returns
whilst erJ$UTi￿ that risk is mitigated
R￿erY¢S policy
It is the policy ofthe ch￿lty to maintain unrestrieted fut￿¥ whieh are the free resetves of the Charity, at a level
which equates to approximately six months unrestrictsd expendÉture. Thig provides sufficient funds to cover
management #naadministration and siwort cost.
Fix￿1 &ss¢ts
The Tn￿ consider that the n)•ket value of freehold land ond buildings is in excess of the atnount 9hoMm in
the a¢coLwts bui &8 these are used irl the Ch￿ty's activities and no disposai$ A￿ envisag& the excess is
not si￿1fiCant.
Pllns for fulure perlods
The Trustees have ensured that th¢ Cu￿ent year is now profitabl4 after several years. deficits. Substantial
refirbislmient is utknay. which will be paid for out of the investment p)rtfolio. It is anticipated that this
portfolio will be wjlenished anllually in ￿ from the surpluw made on rLllming the Cbarity. Sin￿ the
maintenance charge should more than coyer all ongoing costs of n￿)ning the Charity. This strategy will ensure
that th¢ Fit7g¢rald legacy is SLL8tsined for the n¢xt g¢n¢ration.

TRUSTEKS, ANNUAL BEPORT (Continued)
FOR THE PERIOD ENDED 31 MARCH 2022
Acco￿￿t￿E and reportlng rupoDslblilde8
The Tn￿¢¢$ are responsible for prq)ry the TnIst￿, Arnu#l Report and the financial ststements in
ac£ord8nee with applicable law and United Kingdom Accounting Standards (United KiDgdoDJ Generally
Accepted Accounting Practice). The law applicable to charities in England and Wales ro4uires the Trultees to
prepare fuThn¢ial statements for each finaticial period which 8iVt atrue and fair view of the state of affairs of the
Charity and of the incoEning r¢sour¢es and application of resour￿$ of the Clwity for tIMt period. En pr¢p8ring
these fu￿n¢1￿1 statement4 the Trth8tees areTequiTed to..
select suitable accI)￿ting policies and apply them c￿518tentIy.
observe the methods and prin¢ipl¢s in th¢ ChaTiti¢s SORP 2019 (FRS102)"
mak¢ judg¢m¢nts and estimates that are reasonable and pNd
state whether applicable ￿CoUnting St8ndards have been follow&1 subject to any material departtwes
disclosed and ¢xplained in the f￿￿n¢la1 statements.
prepare the financial ststements on a goityg concern basis unless it is inappropriate to presulne that the
Charity will ¢onlinu¢ in operation. The TNstees are responsible for keeping proper aecountEng records
whi¢h dis¢lo$¢ with T￿Onable acw at any time the fu￿]¢181 position of the ChaTity and enable them to
ensure that the finsnoial ststements colnply with the Cbarities Act 2011. the Charity (Accounts and Reports)
Regu]ations 2008 and the provision of the tn￿ deed. They are also Ksponsible for safeguarding the ￿5¢ts
of th¢ Cl)arity a[￿ hence for toking reasonable steps f￿ tho prevention and detection of fraud and other
itte8u2arities.
TTr￿eeS
Mrs PS White
Dr M Monis
R¢v J HollingswoTth
Mr C Grimble (Cl)airman)
Mr B Millar
Mr M Lamprecht
Mr E Thojnpson
Dr A tatham (apwjinted 8.2.22)
Mrs M Colleary (appointed 8.2.22)
MrAT Lees {resiglled 29 July 2021)
Approved by the Trnstees on 24 Jwje 2022 si￿￿ on their behalf by..
Mr C Grimble
Page 3

un&r 144(2) of tr* A¢¢ ￿11 lthtt 201t Aol IknL ts Is
5¥%kn3860fthC2￿6A¢ Of
3.thewJntso)notLWy ￿the￿￿n￿￿￿TWUIr0￿¢￿ts0raelthn 396Ofth?2￿Ad￿th￿8￿rn4￿l￿**thl1
F￿￿￿¢￿ILl￿￿￿Sst*rknd1FOJlth1lliknUK éTrJR¢wthit¢ofIttknd(FRS102
DFtsI.. 9J￿2022
BnAYBtrd
N20 8EL

FITZGERALD CHARITY
STATEMENf OF FINANCIAL AcrivrrEES IINCLiJDING INCOME AND EXPENDrruRE
ACCOUNT)
FOR THE PEIUOD EIYDED 31 MARCH 2022
Total
Funds
21)22
Nots
Unrest'd
Funds
FuTrd5
2021
Income and e￿d0￿ments frnm:
Maintenall¢e Charges
522TT
52277
50.542
Investlnents
2&3
32223
32.037
Totsl income *nd endov4Jnents
845
84.5(M)
82.579
EJp¢nditur¢ on:
RaisÈng fuE]ds
9,623
9.623
9208
Charitable activities
62J17
62J17
118,635
Total resourees expend¢d
71.940
71.940
127.843
Net gait]s on investments
136239
136239
281,065
Net mov¢thent IB
148.799
148.799
220.806
Total hnds brnugbt forvlard
.739,451
1,739.451
1.503,650
Totsl ￿Tiled fonvard
,888.250 1,888,250 1,739,451
All inco]ne and eXp￿d1th derive from ¢Amtinuing activities.
Page 5

FITZGERALD CHARITY
STATEMEL4IT OF FINANCIAL ACTivrrtLS
DETAILED ANALYS￿ OF MOVEMENTS IN FUP4DS
FOR THE PERIOD ENDED 31 MARCH 2022
2022
2021
General FNnd
General Futtd Ba]an¢e Blfivd
surplU￿(DefiClt} forthe p¢riod
Realised gain
Loss on investments
TTansferto another heading
773,384
12,560
29.870
830207
(30269)
(43J20)
16,766
406.910
1222,724
773384
I￿VeStMent fair value fvnd
Investment fair v2lu¢ opening balAnc¢
Movement in funds
Transfer to anotheT heading
846J38
93.446
(470.721)
594,412
269.667
(17,741)
469,063
Ch*ri*able ￿erve
Charitable propety opwing balance
Trausf¢r to anoth¢rheading
846,338
23,736
4264
23,736
28.0(KJ
Exlraordlnary r¢p8irs rese
Extrdordinary repairs opening balance
Movement in fi￿d5
Trdnthr to another heading
23.736
95,993
12.923
59,547
55295
39,723
975
168.463
95,993
Tot*1 funds at 31 March 21ll2
1,888,250
1,739,451

BALANCE SHEET
AT 31 MARCH 2022
Nots
2022
2021
T#ngibie frsed assets
Tangible &ss¢ts
tnvestttjents
370258
I J04,031
203,279
1.429,366
1,674289
1.632,645
Current *ssets
Debtors
Bank Accounts
1.740
239,428
3,448
117.767
241,168
121.215
Crtditors
Amounts falling due within
one ye4r
27207
14,409
Net eurrent gssets
213,961
106.806
Total currejtl liabili¢Ys
1,888250
1.739,451
Net awets
1,888250
1.739.451
CAplt*l
UnTestri¢ted fiuMIs
1,888WO
1,739,451
Total ￿Dd3
1,888250
1.739,451
Approved by the Tn￿ on 24 June 2022 and signed ontheir behalf.
Mr C Grimble
The allnex￿1 llthes forni part ofthe5e f]nancial statements.
Pag¢ 7

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PEIUOD ENDED 31 hL4RCH 2022
Aceoumtthg polities
The Clwity cot￿ltut&S apublic benefit entity as defined by FRS 102. The fjnancial statements have bee
prepared in acwrdanee with Aceounting and Rew)rting by Cbarities.. Statement of Recommended
Practice applicable to charities prepari￿ their accounts in awordance with the Financial Reporiing
Slandayd applicable in th¢ UK and R¢publi¢ of Ireland (FRS102) issu¢d on 16 July 2014 (as updftted
through Bull¢tin I publtshed on 2 February 2016 and Update BulletÉn 2 published on 5 Oetober 2018) the
Financial Re￿tIll￿ Standard applicable in the United Kingdom and R¢publi¢ of Lreland {FRS102), the
Charities A¢t 2011 and UK Generally Accepted Practice &$ it appli¢s from l January 2015.
The Charity hag applieil Update Bu]letin l as published on 2 February 2016 and does not include a e&sh
flow statementon the grounds that it is apptying FRS 102 thtion IA.
The financial ststements are prepared on a going concern basis under the historical eollventi¢)n (modified
to include ¢¢rtain items at fair value). The finaTLcial ststements are wesented in stsrling which is th¢
fimctional tunw of the Charity and rounded to the nearest tx)und.
The si8Ttificant a￿u￿ting policies applied in the pr¢paration of these financial statements set o
below. These policies have be¢n consistently applied to all ye£rs llnie￿ otherwise stat¢(L
In¢oming T¢sour¢es
All incoming ￿SOurCeS w¢ sncluded in the SOFA when the (Jwity is legally entitleAE to the income and
the amount can be quantified with r¢&80nabl¢ accurdcy.
Resources expellded
All expenditure is aCcoUnt￿j for on an aC¢n￿lS b&8is and h&% been classified under beadings that
aB￿gate all costs related to the ¢ategory Where costs C8mnot be directly attnbuted to parti¢ular headings
they have been allO￿tedt0 activities on a basis consistent with use of the resources.
Tangtble assets and depreclatloll
Tangible fixed assets are stated * cost less depreciatiotL Ikpreci&tiOll is PTovid¢d at rates calculated to
write off the cfjst Iw e￿l[llated residual value of eath a&9et over its ¢X￿¢t￿l￿5¢fid lify as follows..
Land and ￿1]dIng$. Fre£hold buildtD8 under txtensive refthis]Jment so no depreciation provided
Fixtires and Fittin8s- 10 OA per 8nnum of cost
PAge 8

FrrzGERALD CHARITY
NOTES TO THE FINANCIAL STATEMENfs {Cl￿tinU￿)
FOR THE PEIUOD EI¥DED 31 hlARCH 2022
Fund atetsunting
thds are unffstri¢ted funds which are available for use at the discretion of the Trustees for
partI￿lar purwses. The following fi]nds are also rnaintained.. Extr80rdiDary Repairs Reserve. Thiy is
represarted by c¢rtain investments within the portfolio. The value of thi$ fi]ttd h&8 E¢en in￿eaSed this
yew to reflttt this Yalue. Charitable Ro4erves Fund been adjusted to refleet 6 motth norn￿1
exp¢ndi¢ure. Investhlent Resetve has been adjusted to 88ree to the ut]recogDis¢d gains made on the
Investment Ineome
Income from inve5tsnents is accounted for on an aeavals b89i$.
Grants reeefved
Socia] Housing Grant is paid by the HO￿ill8 Coryoration to ￿duce the cost of development and 14
therefore shown as a deduction from th¢ housing on th¢ Balanc¢ Sheet. It Is repayable ￿der ceLtiin
¢imunthce4 priM￿LlY following the sale of the propety but will be reatricÈ¥J kn the net w(K¢eds of
ltteome
UDrest'd
Fu¥Jds
2022
Totsl
Funds
2022
Totsl
Funds
2021
Funds
21122
Donatlons *Jhd iegacfi
52277
SU77
50.542
52277
52277
50,542
Dividends
31197
26
31197
26
31015
22
32223
32233
32.037
Page 9

FfTZGE114LD CHARITY
NOTES TO THE FINANCIAL STATEMEiYfs Icontinued)
FOR THE PERIOD EI¥DED 31 MARCH 2022
Investment IDcome
21122
21121
Jneome from other fixed &8set inV¢glmet
32223
32,037
Expenditure on raising fmnds
2022
Portfolio manag¢m¢nt Costs
9.623
9208
9.623
9208
Expenditure on ¢baritsble activities
2022
2022
2021
Rat¢s alld water
tnsurance
Lighi and heat
Sundries
Repairs and maintenance
Clerk's salary and warden
t£gal and proftsssonal
Inde￿Id￿l examiner fee
Depreciation
Profit on dispx)sal
PriTrting postage and stationery
Rent
Bank ch8rg&s
3,141
2.463
lJ34
1210
14.875
9,993
23,870
4,521
2,204
1,027
785
42.533
57.591
1,771
2,460
5,743
4.598
333
69
171
61317
118,635
Pag¢ 10

NOTES TO THE FINANCIAL STATEME￿8 (Continued)
FOR THE PERIOD EIYDED 31 MARCH 2022
T4Dgible fixed assets
Land
and
BuildiDgs Machinery
Plant
Totsl
Cost:
At 26 March 2021
Additions
Disposals
306.321
171,676
94.488
234
(36259)
400,809
171.910
{36259)
At 31 M￿h 21r22
477.997
58.463
536.460
Depreciation:
At 26 March 2021
Charge for the wiod
On disN)sa]s
119.384
78.146
4.598
(35,926}
197.530
4.598
(35,920)
At 31 Mareh 2022
119,384
46.818
166202
Net book value:
At 31 MaTth 2022
358,613
11.645
370258
At 25 March 2021
186.937
16,342
203279
The Aims]y)we wa8 e4)nstru¢ted ill 1864 and extended with Block 3 in 1893. Th¢r¢ is no record of
iginal Cost. Th¢ alxJv¢ fmancial details relate to improvem¢nts caTried OUL which welr knd¢d on 23
January 1980 by a Hol￿1￿8 Corporation Grant of £119,384 and completed on 10 Juty 1982.
xed wet Investments
Llgted
Cost
At 26 March2￿21
Additions
Surplus on revaluation
1.429J65
7,182
106J69
(238.885)
At 31 Marth2022
I J04.031
Net Bwk Values:
As at 31 Mar¢h 2022
I J04.031
As at 25 March 2021
1.429,365
Jn the above I￿￿tr￿ents are designated to NAACIF Extraordinary Repairs of £168.463 (2021
£174.832).
Page 11

NOTES TO THE FINANCIAL STATEMENfs (Continued)
FOR THE PEIUOD ENDED 31 MARCH 2022
D¢btors 4JJd prepaymettts
Amoi]nts falling due within One year..
2022
2021
Du¢ from reSId￿ts
Other d¢blors
Prepayments
701
738
2,009
1.740
1.740
3.448
Credttors
Amounts falling due within one year..
2022
2021
Sundry Creditors
Aceru8Js
26.116
1.091
14,409
27207
14,409
Page 12

NOTES TO THE FINANCIAL STATEMENTS (Continued)
THE PERIOD ENDED 31 MARCH21122
10.
Fknan¢ial Instrnments
Th¢ Charity hod the followin6 fu￿ncl&l instnmiellts:
2022
2021
Fimancial assets at fair va]u¢through profft
or105S
Fixed asset investsnents
.304,031
1.429.366
Financial assets that are de￿ instruments
me&sured at amortiscd cost
Other debto
1.740
3,448
FitMn¢ia] liabilities me&ryured at amortised wst
26,119
14.409
26.119
14,409
Relatsl party transactions
In year ended Manh 2021 prof¢ssional and cl¢rks tots11￿ £49,056. During the year
the contra¢t with1h¢ clerk and his a¢L¥)ulltancy fllm ¢e￿e& and costs of £18,147 were incurre
Page 13