C J Gallard's Almshouses, ChArltable Trust Mn¢1#1 statements for the yur ended 31st December 2021 Registered Charity No". 209787 Indei l GeneT81 infornution 2 Report of the trSte and Statement of resp)nsibilities S IDdepend¢nt examincrfs rq)ort 6 Ststem¢Dt of fiancIal activiti 7 Statement of finan¢ial 8ctiviti¢S- 2020 conwarnlive 8 Balance sh¢et 9 Nola to the financial Slatemt$
C J Gallard's Almsbouses. Charitsble Trnst General Information Trustees.. The Charity TTUSte¢s who served during the year were &$ follows: Ex-offleio Revcrend R Wilson Reverend S Hills The Viw of th¢ Parish of St Thonias, soUthrough The Rector of the Parish of St lawrence. Btdboroug and St Peter. Southborough Nominatlve Mrs J Prance appoinied by Southborough Town Council Councillor T Poilc apwinied by Tunbridge WelLs Borough Counc Mrs M. Morton apwirted by Tunbridge Wells Bomugh Council (fvm May 2021) Co-optatlve (persorLS who have resided or canied on business in or near Southb)rough and appointed by the Truste&s): Mr G J Coventy (Yice Chairmanfrom 13 January 2022) MT N Powell Ms D. Hill (Chairnumfrom J3January 2022) . Mrs B Wisdom (Chairman until 13 January 2022) Clerk and Treasurer to th¢ Trus¢ee4'. Mr Philip Gratr Alm$bouw' Manager: Miss M L McDowall Addre.. 27 Gallard's Close, L4)ndon Roa4 Southborougll KcnL TN4 ONB Bankers: CAF Fjank Limited 25 Kings Hill Avenue, Kings Hill. West Malling, KenL ME19 4JQ Solicitors.. Bates Wells 10 Queen Street Place, London EC4R IBE . Investhient Adviser8'. Courtney Havers LLP 24 London Road. SOuthborou TunbrAdge Well4 KeD4 TN4 OQB Accountgnts.. Begbies Old Printer5 Hous4 Stone Stree( CranbrooL KenL TNI 7 3HF Member of.. The AlmslJou5e A&Sl&tion Bijlmgbw L4)dge. Maidenhead Ro811 Wokin8hw Beth1, RG40 5RU
C J Gallard's Almshouses, Charitable Trust Report of tbe trustees and Statement of resw)Dsibllities Govern*n¢e: The Trust is a Registered Chority governed by Schemes made by the Charity Comn)ission having as its principa] object the managemcllt of the prop¢rtt"es Imown as the C J Gallard's Almshouses. consistin8 of self-contaitied flats in Gallard's Clos¢. London Road. Southborough, Keni TN4 ONB. Applicants have to be poor men and women over the age of 55 years who have residd in the Borough of Tunbridge Wells with priority given to applicants from Southborough. The Charity is financed by Weekly Maintenance Contributions ("WMC") from the Residents. incorne from Invesknents and kn Community Rwm lettings and Donation5. Any sutplus must be applied for the benefit of the residents. The Trnst is administcrcd by a imyjy of up to eight Truste which includc th¢ Vicar of St Thomas's CFAurch, SouthbOrou the Rector of St tAwrcoce. Bidborough and St Peter. Southborou8b. two t[SOn$ nominatcd by the Tunbridg¢ Wells Borough Council, one nominai¢d by the Southlx)rough Town Council and four persons who have resided or catried on business in or near Southborough. The Trustees b¢li¢ve that they have mplied with th¢ thity in 8ection 4 of the Clwi'ties Act 2006 to h8v¢ due regard to public benefit guldance published by the Charity Commission and that they comply with the Governance and Financial Viability Stsndard published by Th¢ HOM & Comtnunities Agency. Rellew of a¢dvltles'. 2021 bas again b¢¢n a difficuli year as a result of the Covid -19 pand¢mic but with the gradual reduction of rc$tricttons by thc Government we were able to once a8atn earn a limited income from the hiring out of the Ark Community and Foresters Rooms. There was interest from some new hircrs which welcomed The Truste ad an I¢88¢ in WMC of 5.5 0/0 to £108 for 2022 followin8 an increase of 4.7 11/• to £99.50 the Previo% yc4r. Howcvcr. a non-statutory valuation Carried out by the Valuation Office Agency prrKluced an equivalent fair rent figure of £165 providing TTUStces reossurdDce that our charges remain substantially Iow¢T than the market level for comparabl¢ single bedrwmed a¢¢ornmodation in the area. At the September 2021 TTUStees meeting Mrs Beatrice Wisdom announced that she would be standing down as ChairnNgn of Tntst$ at the January 2022 meeting. An exprS1On of thanks w&8 made by all pres¢nt for all the hard work and commitment shown by Mrs Wisdom to Gallards. SoeiaL stslf Resident The Charity incurred significant legal costs in 2021 owing to 8 l¢gal dispute with one of our residents and our attempts to tetminate the Liccnce and secure a re-w¢&sion ordcr. The first court hearing was held in August with no resolution and adjourned until January 2022. We were ple&8ed to welcome Mrs M Morton as tnL8tre, replacing Mr M Lee as th¢ representstive of Tunbridge Wells Borougb Council. The trustecs bav¢ continued to rnett irtuall by Zoom which h&s presented continuing cIlenge8 and it is to be boped that we may be able to meet as nornjal later in the year.
C J Gallard's Almshouses, Charitable Trust Report of the trustees and statement of responsibilitles Financial revknv: Total in¢omc TO to £139.321 in 2021. aD Incre of £5.642. Expenditure was up £35.630 to £158,028 a8 a rLwlt of the sigwficant legal eosts already referred to. The deficit before investment revaluatioL8 was £18.707. Th¢ Pri of the Trust's InMe and accurnon investments rose and the OV11 value of the rtfri110 increased by £16,576. OveralL there is a small (kficit for the y¢aT of£2,131. Reserves poll¢y: The reserves beld by the Clwxty support thc objective of the provision of ac¢ommiKlation at C J Gailard's Almshouses for the benefit of eltgiblc residents of the Borough of Tunbridg¢ Wells. The reserv<s. excluding the restricted Pernne1]t Endowment Fund. Extraorth'nary Repair Fund and Property Furf tothlled £44,213. Thesc reserves enable us to meet cyclical mainienance costs and include a provision for special projects and a general rcs¢rvc. The Trustees, policy is to hold a general reservc equivalent to three moots. geoctal expenditure. Thal level stands at £2,638. down ott last year. It is COL8idcred that the reserves are adequaic to cover futur¢ nee4ts. Trnjtttt, rejponilbllltks ID rel*tlon to the Ilnan¢ial thtements: The charity trustees are responsible for preparing a truslees. annual report and financial statements in accordance with applicabl¢ law and unit Kingdom A¢untIng Standards (United ngdorn Generally Ac¢qJted A¢counting Practice). The law applicable to charities and registered s<Kial housing provi(l¢rs In England and Wales requires the tte¢S to prcpare financial ststcments for each financial year which give a tru¢ and fair vicw of the sta¢c of affaArs of Ihc charity as at thc balae Sheet dale. and of its income and expenditure for that period. In PTewiDg the financial stat¢ments the ttustees are requtred io". select Suitable aCUnting policies and then apply them consistently. observe the meth(Mls and principles in the applicable Charities SORP. make judgements and ¢stimates that are reasonable and prudent" state whether applicable accounling statKlar& hav¢ been follow subj.ect to any material departu$ that rnt be disclosed and explained in the financial statements. and prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will CtinUe on that basis.
C J Gallard's Almshouses, Charitable Trust Report of the trustees and statement of responsibilities The ttte are respoosible for keeping prnper accounting recor(18 which dis¢lose with re&sonable ac¢urdCy at any timc the financial ¥sitiOn of thc clwity and to enable them to ensure that the fuwicial statetnents comply with the Clwities Act 2011. the applicable Charities (Accounts and RepoTts) Regulations. the Housing & Regeneration Act 2008 and the Accounting Direction for Private Registered Providers of Social Housing 2015 and the governg documenL They are also r¢swn8ible for safeguarding the assets of the charity and hence for tsking reasonabl¢ sty for the prevention and detection of fra and other 1c8u1aritsCS. Approval: Thc rqM)rt was fornully approved by the TTUStees at their mecting h¢ld on ioth Mawh 2022 and is si ed on their behalf by.. N Powell, orTn. Date: 10 March 2022
Independent ei¥Jminer's report to the trustees ot C J Gallard's Alm$bouses' Charitable Trust I reportto thc on Lny exaniiDatH)ll of the actounts of C J Gal]ar&s Clwsit•ble TnLSt for the year entsl 31 Dectmber 2021 thich ar¢ setoylon po8 6t0 16. Responsibilides and bsis of report requireunts of the Cblritifs Act 201 I Cthe A¢f). I report th re5t of my eJamiDation of the TnLes' acc4)unts le out under WIIOD 145 of the 2011 Act atMI in caIryin8 oui my ewnination I have folioBd all the 4¥1ble DI135 wven by the ChaTity ConJmi55ioner under 8e¢tion l45(5)(b) of th¢ 201 l ACL IndepeDdeDt tilDller'S ststemeDt I have COTnpleted my cxaminatityL l ¢onfiTm mBrial Tnwers Tre to myatt¢fttiOtt itt CLfhIlTrith the (l) ¥countin8 re¢orts T1 kw in r¢spect of the Tnjgt as wuirtyj by 9¢th'on 130 of the AA or {2) the ac¢ounts do accord with or (3) the COUnts do Th)t corryly with tk appli1)1¢ the foTm •nd cornt of accounts s¢1 oirt in the Charitics {Accowts Ind R¢pxts) Re8ulatkX 2(lJ8 other aDy rtquiMKnt that th¢ aClts give 8 I bave no CO1 MI lthve eon acrc68 Tr) matteT5 in crDe¢ with the eXammOn to I]ch 8tt¢ntiOti should be dra ifl this r¢port in order to enable • proper w$Ing of th¢ acethmts to be Tca¢hed. DDlel Vakttttht ACA BeRbl Old Printsrs Hou[¢ Ston¢ Stre Cranbrotsk TN17 3HF 2022
C J Gallard's Alnjsbouses, Charitable Trust ststement of fanCIal activities for theyettr ended 31si December 2021 To¢1 31 Dec 2021 31 Dec 2020 r¥ttd funds frouL chtabl¢ activities - Weekly maintamee contribution Other activitie5 . Lettin guat accon¥)¢) Donations 3m2 IW83 131A65 124.Ol7 945 1.338 1,0 7324 L4•4 4J07 6Jii 133,679 TO1 IDtoN 133835 139J21 Expendltstt on: Charitable 4etiVbtie$ . A]nsI¢s. expwmliti - Cyclical rnintCTwi¢e - ExtrardIn¢ry reir . Mana8em¢nt and 8dMinlTltloll - lttkrest payable Total exptThditsr¢ 61,834 64,858 714 10.( 25,009 21531 70.9 21 J32 7•,948 21,532 714 157J14 158.028 122,398 Net In¢omt before tlM And (23J79) (1&71m 11281 G#In(LOu¢1) on Net lll<omel(expeDdltur¢} 73lJ 16J76 (13.725) 12,4441 9h17 L768 (23179) (2.131} Tranifen be¢¢A fulldi 141•3 Iis,000) 2J97 Net nwThemeDt ID 21.72• (14232) (2•.982) (2.131) (2,444) Totsl fijnds brou8ht fotward 14 103.971 I039J60 SJVJ? 23.6211 2320.964 2223,408 Total fund$ carrled forw•rd 14 £113J40 £2061380 £41575 U,038 £2.21803J £2220,964
C J Gallard's Almshouses. Charitable Trust Statement of financlal aetivities for iheyear ended 31s1 December 2020 Comparative Totll 202• Notes I•¢ome from: Chan'lable a¢tivitLts 627 Othcr activiti¢s 123 J 124.017 Donaliott8 InvcsttrDIS lJ38 1.338 i.O(M> 7J24 2.933 4 J91 Totsl theome 2.933 627 130.119 133,679 ExptAdltur¢ •: Charitsble activitie8 - Althuses, cXrlItW¢ - Cyclie81 mainten&tc - Extraqtsrdinary repair . ManagetrKnl 8nd 84knini5tratw)n - Intrrest pabIe Tot81 ¢xpeDditure 64.858 64.858 10.rf 10.000 25,(X19 22.531 25,IK19 22,531 io.{K¥) 112J98 122J98 Net In¢ott before elni 17,06T) 627 17,721 Galm/lioJ•u) •n l#vestn•t 118ets N¢t hKomtJ{t4udlttyre) {8,393) (5,332) (IU99) (13.725) (8.393) 627 17.721 {2,444) TrD•fen between 11.ioj 9.5( 120.603) Net mtyvement In IndS 18,393) (1296) 10.127 (2.8821 12,444} R¢¢onciliAtloth of fundi: Total fvnd$ brought forwd 112J70 1040.856 43,680 26.502 2,223.408 Tot1 fwls urrkd fornrd £103, £2,039J60 £53.807 £23.620 £2220.964
C J Gallard's Almshouses, Charitable Trust Balance sheet 31st December 202] 2020 TNRlble fixed M¢ts 2J14J26 2.314J26 Ivtents 195.964 176,984 Cyrre&t uotts Debtors Cath atbank and ih hThl 219 405 70.322 41449 70,727 Credltory: Art$ f4llin8 due (21,139) (15,460) Nelturrent u¥ets 21 Jlo 55.267 Total xM¢ts less turreDt liabllld U31 2,546.577 aftw JMYt than one )wr 314747 325.613 (314767) a21V33 (325,613) £2.220.W Cpltl Thd re*r¥a Unreslricted fwKts 13 &14 14 14 14 14 23,620 53,807 1.976,553 63.007 103.977 £2,22n,964 41 J75 Other TC5triCted funds 72.624 £2,21V33 by theTntst¢es on 10 Mah 2022 on thciT behalf by dsl <2 LJ,- Mr N Powell Chairma Mra B Trnstee
C J Gallard's Almshouses, Charitable Trust Notes to the financial statements 3131 Decanber 2021 I A¢¢•uAthig pollde8 (a) B41iy ofprepwatw appli¢abk in the UK arml Repub]i¢ of Ir¢larMI IFRS 102) publisw on 16 Ju]y 2014. ill the FinaThcial ReportiD8 StswJ•rdapph¢abl¢ in the UK afyl Re11'C of IreJr¥J ks 102} atwj iii) the Ch&rities Aci 2011. Ib) The trysws ¢(lder there are Mthr1 aTrAWt thc ability to lMi¢ • Ing cothc¢m {dJ Income (4TcIMdin8 IN¥¢811) locorne is reCols¢d 0¢ th¢ ¢harity ¢Aemen1 the iDe4)rne. theff is sufficA¢W rertaiaty of receipt al so li i5 Fffob•ble the iJon will be nvive41 th¢ nwuD¢ of irKom¢ rxeivabl¢ ¢•n be llwured reliably. (e) EYpendi¢¥rt Expthqilwe is Tecognised 0¢ thcre 1$ 4 Iw] or conS¢ve obli8aDon to rTMke a to a thwd pty. it is pr(pb8bk thai s¢lllemrrt will be relwircd and the amount of the obligation COD be measured r¢libly. Y41ueadded¢ox The ¢lMn'ty is for valw Med ttx. Wh¢ aliCbk. inclusiv¢ of VAT {0 HoxflNgprnpertleJ Th¢ fr¢elM>ld ]atMJ aThJ • 20 kn {alDthIwc5) are treal¢4 # witsli8tyJ utets aod Dil Vdluelcog. SubwueDI ltions and exJitre are str 41 cost 8tyJ inCle &ttributable fItW costs during the developwKnt Sub5eqwI fiDw¢e i¥ts are wrillcD otr the 51atement of r]llanC &¢tivitse8. No depre¢iotion is clwg¢d. A5 the aln]sh Ire *tllthm•ittsint4L h•v¢ ¥ IoDg.lif¢ 4t¥J a gtron8 r¢8idu Vu¢, HDY dew¢¢iation would be itlIL inancialinslrurneTrts The Charity only fitmncl •$8ets iwbilths of o kn"Thl that qwlify aslbasic ja] iajstnts. Basic fmwi41 Instru aTC iftitsally r¢ry)gnised at tr8ll58¢b"on value atyj 5ubseqllently Sheet date IngthE closmgqwAryJ muket rrtiLX.
C J Gallardls Almshouses, Charitable Trnst Notes to the financfial statements 3151 December 2021 (I) All goiL8 s1 lossfs tsken th tht statrIt off"81 1¥1¢5 as thry arise. R¢lllised aThl losses their pur¢hw Yalue if acqu subsequart to ¢h¢ fttst day of thc fiTwKial year. Unre4li5cd gains atxl 10&8&8 Ore ealculated w5 the difference be fair value at thc year et¥J and theiT C8ryiA8 value. Rea]i5cd UThTC81i8 inveslment gains and lows are combi]%41 io the slat£lltOf fiEwla1 activitiw. U) Designoied Teserb p8rn"cuiar pwposc. Su¢h thsigtULtis b¢ r¢veThed by (utur¢ Tnwee decisio. (k) RestrTded rtr1 Ragtncted furyjs ItK•Ee for wua)lar than the charithbk purpos¢s ofthe chnty. 2 Incorn4 expeTrdl¢ur¢ wl uei IK• Ixowe Expendltsre N¢t Income Sotl•l •etlvlths (Th•tt 3) 131865 IS028 (20,563} 945 945 Don•tloni 139J21 £1SV28 £(18.70 2020 Iorne Ex"ture Net iTrne So¢ll Ktlvldu {Mte 3) NoHocl•l houslng Acttyldei - Ark CoTnmunity Room Icttings 124,017 122.398 1,619 lJ38 l J38 7J24 133.679 7J24 11.281 122.398 10
C J Gallard's Almsbouses, Charitable Trust Notes to the financial statements 31si December 2021 2021 2020 3 Parti¢IlT$ of ineome eldI1•re from todal Wcekly ma1[rten contrilMthioL8 lllctsme from Sot1 Ibowkng 131.465 £131.465 124,017 £124.017 AlJwboux4' ¢wditu Wa8es od salaries (note 4) Routine nwinteDwe s¢rvic¢8 Garden c¢>$ Utslitiu (w•trt. electrictyatyj w) 27.745 1&780 6.119 9ffi51 2J97 142 26285 22,850 3,977 9.423 2225 98 TV Itcen¢¢ £64134 £64.858 Cydltai £io.000 Spedl pr•J¢¢t fund Irnprovents Mu8ement AAd dmilstr¢lo• W8es atbl 5alanes (Tr)ts4) Fees aThl $ubs¢n'ptso T¢l¢phottc IT 14859 14.587 488 1.893 5,310 650 201 4,500 45J24 L£gal and profcssional fees Travel & sllbsistttK¢ Bank cl 4104 £70948 1.820 £25,9 IDt¢r¢•t paylbk £21J32 £22,531 xpelldltttrt social how £122 £IXTr28 98 Net kna £(2Wi £1,619 R¢sid¢nts are Tr)t tenants bu¢ buKficiaries ofthe Cbarity 'tiO$ ora 11¢¢¢ to occupy an AJm6hous¢ al. They phy a weckly rn8inteDallce ¢Otttributs'on IWMCI for th¢ arJ servic¢s provided ID ¢¢orilancc with the detsils ]th in thc ResthoL%' Hkndlrt their licette and letter of offer. The WMC rate is deterrn1 by Truste&s on a ty)fyprofit bw. Vacant tla usually ari5iDg from death LY from a resident rm) Tot)ger bcing capablc of indeKtth living. are filled from a lisi of aN)li¢aTrts have appld to live at G8118rd'$ Cl. Void I0¢S therefore tsttly 11
C J Gallard's Almshouses, Charitable Trust Notes to the financial statements 31st December 2021 21121 2020 4 Staff and trw5teu' remuner•¢¥DA •d ezpew 41604 2J49 (2.849) £42.604 40,872 2.877 12,877) A]located as follows.. 27,745 26.285 14.587 £40,872 £42.6(14 Aver88¢ no of eTMpIoJ No tr1¢ v¢¢¢ivul atty iti the yeK12020IDil). Expats of £150 were iti th¢ yegr 12020.. £tiil). 2021 2020 5 InveJ¢wDt inc•me Bank ifjterest Divid¢rMI income 39 7385 £7.324 5117 £6311 C J Gallard$ Alm8how¢5' Charitabl¢ Ttwt is & rtgister Tharity aTwL as 1$ p)t¢ntially cxcmpt from 41ion of its and 8Lin5 falIll withitt Tax 2(X)7 P¥rt 10 aThJ the Taxalion of CThargcabl¢ Gath6 Act 1992 &256 to the extsrt Ire #M)la to its cknitsble jtiveS No tsx liability ar1 in the 7 TAo8lble IlJu1 AM•ts Freehold property Coyl." At l# Jsttuary 2021 ' At 31st Decethv 21121 2J14J26 2J14J26 At 31Jt Detrmber 2021 £2J14J26 £2Jl4.326 At 31 D#enkn 2020 The Ch8rityovnL8 the frcdw)Id of the tht jundion oftAJth at¥1 Yew Ttee RO in Southborou8 with 26 flats {altrtslvJJw) th1 ott of which ts (Kcupied by thc Al0$es. Matw. whicb 15 part of thc Pertnattnl Thc lar#1 v¢4cd the OffKiAi CusttyJiAn fi chan'lic5 by VIrti of th¢ schen of Reoulation dated 2 JaDuDrY 1914 s] ¢th)fir ill a revised SdKme dated 15 Aori11969. 12
C J GallArd's Al0$e$. Charitable Tt Notes to the financial ststemeDts 31s1 December 2021 8 Inves¢wtDts Assodtlob of IDvethwDt Fud Typ¢ of sbart$ Total At 1st January 2021 AdditioTL8 Uttrcalised SU1 on Trvaluati At 31rt Deeejttber 21121 103.977 73.( 176.984 04 16576 £19S964 9J63 £113J411 7.213 £82.624 At 315t Dec¢t)kn 2020 £103.977 C73.(7 £176,984 Common InveSthnt INAACIF). thin1$1¢rJ by M&G Securilies Limitd. Whilst the Chth'¢ics Act 1992 divests res$1b]E]ty for inveSttsw kn the Chan"ty Tnw th¢ knme units ar¢ teA1 to th¢ P¢mnt Etlrt 8tyJ •rc Re8trictsd eapitsi Clwity Com[10 ¢olltsvl dj any expendilure could b¢ Restn"¢tfyJ capÈthl utmltt th¢ In, control. the of 5mllll wui8itsoDs Ye it is not 2021 2020 9 Debtors 219 405 £219 2011 2020 l• Credltor#.. AN¥)unts fallin8d within one pr Loan ryynnts duvin1¢8s l )*ar PAYE & NIC 11904 AA35 12.160 3.3) £21,139 £15.460 13
C J Gallard's Almshouses. Charitable Trust Notes to the fiDan¢ial statements 31st December 2021 2021 Totsl 2020 Total £312.767 L112.767 £325,613 are rcpaythle as follows.. BetweeD one a1 yt4f5 Betwceth two al five yea 13.7&5 46.832 252.229 13,71)6 4W2 252329 12,847 43.878 268.888 £312,767 The loans fiom The Chity Bank Lthia ccrfryisry VI¢S of £150.(KKI in 2011. £175,0 in 2012, and £]40. in 2013 •Te repdyabk I} 25 yem arc co the freejww pr(iJty. is psyablc ai 6.5% Fer arnunL £112,767 £325,613 2021 Restrlcted Dtsl%ttted UTrrtttrlt¢ed fllnd fvd Tot TAn8lble Ilxed Awets lllve8¢m¢thts Cash t bank •nd In hMd Othrr net current Mets Credl¢oM > l yur U14J26 81624 lJ14J26 195.964 4233 120,9201 1312,76.7) £221&833 41J75 655 (U903) (312.767) £113J4• £1961 £41J75 £L6 2020 Totsl Tangible fixcd 4J¥¢ts 2J14,326 73.(M)7 2J14.326 l76,984 70J22 (15.055) (325.613) £2.220.964 103977 CAsh aNI in hat41 53.807 16.515 7.105 (22.160) 325.613) £2.039,5) Cr¢djloT5 > l year £103.977 £53.807 £23.620 13 G¢•erl rexerv¢ At l# Jammry 2021 (Derlt) WIpI% for the financial y¢•r TrutLsf¢rs to restrirL¢d fixed ¥s%¢t r¢scr%r5 23ffi20 (23179) (12.1•3) iso 2,897 At 31t Decejthr 2921 £2,638 Ai 3 lstDcMber2020 £23.620 14
C J Gallard's Almshouses, Charitable Trust Notes to the flnallcial statements 31&t December 2021 14 Movemeat olf4 b1e9 blfwd Tr•Nsfe 2021 113J40 Restrkt¢d IIAed a$t U14J26 1337.rn) A.976J53 2J14J26 (325,6701 1,988.656 12,103 Oth¢r TestTkted funds 7313 74624 7313 72th24 Unre¥trlcted futh 23ffi2• 133035 (157J14) 2,638 UDreJtrkted Cy¢lical maintthnce fDr#1 S¢1•1 projects fill SL745 1062 3.•12 (714 (Iso 411.113 IA62 3.481 1714) (15,000) 41 J75 TOTAL U2OJ64 139J21 (IW28) 16J76 231&5 Pernwe#i eDdornt The Permanrnt ethwitKnl fuThl ¢on¥rises th¢ fthld propw Ixld at tto 1¢ thr inc4)rne sbaff type inv¢stsngnts. R¢strirted Ilxed funds Charity Bathk lojrn Eitra-ordinary repir fulld. a¢¢umukntioTh Sh type iDV¢S(Iints. Cydical nlteID¢t fybd T¢PaW and re-deeorntion. Spedl pnbjects 15
C J Gallard's Almshouses, Charitable Trust Notes to the fiDan¢ial statements 3Jst December 2021 14 MovemeTht of (e•ntiDlled) Fut)d bthllc¢s Jfwd 2020 Pernwmt Endovmnt Fund 112J70 (8.3931 103,977 Property 2J14J26 348,876) 1.965.450 2.314.326 (337.773 1.976.553 11,103 11.103 Other r&8tri¢t¢d 75,406 75,41 2,933 (lo.(y) (5.332) (5J32) 63.007 2.933 Jio.(w) 63,IM)7 26.502 130,119 (I l2J98) {20,6031 23.620 Unrestricted desbgnd fithds Cyclicol Tn41ne Spe¢wi projects fu1 42.618 1.062 95(* 52,745 l.tM2 43.680 627 9J(Kl $3,807 TOTAL 2.223.408 133,679 (122.398) 113.725) 2.220.964 16