C J Gallard's Almshouses, Charitable Trust
Inaneial statement$ for the year ended
31st De¢¢mber 2022
Registered Charity No.. 209787
Index
l General infornution
2 Report of thc trustees and statement of r¢8ponsibilities
Indcpendeni examincvs rcport
6 Statement of financial activities
7 Statement of financial a¢tivities - 2021 cornparative
8 Balance sheei
9 Notes to the financial sla*m¢nts

C J Gallard's Almshouses. Charitable Trust
General Information
Truslees: The Charity Trus*es who served during the year were as follows..
Ex-officio
Reverend R Wilson
Reverend S Hi118
The Vicar of the Parish of St Thomas. Southborough
The Rector of the Parish of St LaNrnce. Bidborough
and St Peter. Southborou8lJ
Nominative
Mrs J Prance
appointed by Souihborough Town Council
Councillor T Poile appointed by Tunbridge Wells Borough Council
Mrs M. Morton
Lwpointed by Tunbridge IYell.¥ Borough Council (from May 202J)
Co-optgllve (persons who have residcd or carried on business in or near Southborough
and appointed by the Trustees)..
Mr G J Coventry (Vice Chairnianfrom J3 January 2022)
Mr N Powell
(Chairmanfrom 13 January 2022)
Ms D. Hill
Mrs B Wisdom {Chairnian until 13 Januarv 2022)
Clerk and Treasurer to the Trustees..
Mr Phllip Graingcr
Alm$houses' Manager:
Miss M L McDowall
Address..
27 Gallard's Close, London Roa¢ Southborough. KenL TN4 ONB
Bankers..
CAF Bank Limited
25 Kin8s Hill Avenuc, Kings Htll, Wast Mallin& KenL MEI 9 4JQ
Solieitors:
Bates Wells
10 Queen Street Place, London EC4R IBE
Investment Advisers:
Courtney Havers LLP
24 London Road, SouthEK)rough. Tunbridge Wells. Kenl TN4 OQB
Accountants..
Begbics
Unit 14. Park Barn, Evegate Busincss ParL Smeeth. Ashford TN25 6SX
Member of:
The Almshouse Association
Billingbear Lodge, Maidenhead Rorf Wokmgban4 Betkshire, RG40 5RU

C J Gallard's Almshouses, Charitable Trust
Report of the trustees and ststement of responsibllities
GovernAn¢¢:
Tbe T￿st is a Registered Charity governed by Schemes made by the Cbarity
Comrnission having as its principal object the management of the properties known as
the C J Gallard's Almshouses, consisting of self-contained flats in Gallard's Close,
London Road. Southborougb, Kent. TN4 ONB. Applicants have to be men and women
of limited financial means over the age of 55 years who have resided in the Borough of
Tunbridge Wells with priority giv¢n to applicants from Southborough. The Charity is
financed by Weekly Maintenance Contributions ("WMC") from the Residents, income
from Investments and Ark Community Room lettings and donations. Any sutplus
must be applied for the benefit of the residents.
The T￿￿t is administered by a t￿Y of up to nin¢ Tn￿te¢S which include the Vicar of
St Thomas's Church. Southborough, the Rector of St tawrence. Bidborough and St
Peter. Southborough. two persons nominated by the Tunbridge Wells Borough
Council, one nominated by the Southborough Town Council and four persons who
have resided or carried out business in or near Southborough
The Trustees believe that they have complied with th¢ duty in section 4 of the Charities
Act 2006 ¢0 have due regard to public ben¢fit guidance published by the Charity
Commission and (hat they comply with the Governance and Financial Viability
Standard published by The Homes & Communities Agency.
In addition to the twstee meetings held every two months, sub committees assemble to
agrec on policy matters, obligations under charity law and to monitor the charity's
finances and fabric.
Revlew of activitle$'.
During 2022 we were able to put the effects of the Covid pandemic behind us and
income from the Ark Community and Foresters Rooms increased once again. There
was inctEased interest from some new hirers which was welcomed.
The Trnstees agreed an increase in WMC of 8.50/• to £108 for 2022 following an
increase of 4.70/0 to £99.50 the previous year. However. a non-statutory valuation
¢arricd out by the Valuation 0￿7¢¢ Agency pr(KlUC￿ an equivalent fair rcnt fjgure of
£165 providing TnLsiees reassurance that our charges remain substantially lower than
the market level for comparable single bedroomed accommodation in the area.
At the January 2022 Trustees. mceting, MTS Bcatrice Wisdom stood down as Chair of
Trustecs. An expre&%ion of thanks w85 made by all present for all the hard work and
cotnmitment shown by Mrs Wisdom to Gallards. Mr Nick Powell agreed to stand as
Chair from that date onwards.
The Charity continued to incur sigwficant legal costs in 2022 owing to a legal dispute
with one of our ￿SIdents and our attempts to temiinate thc Licence and Secure re-
possession. A final court order was obtained in June 2022 and possession order
granted.

C J Gallard's Almshouses, Charitable Trust
Report of the trustees and statement of responsibilities
Finaneial review:
Total income n)se to £154.080 in 2022. an increase of £14,759. Expendith fell
£5,194 to £152,834, but remained historically high as a result of the signif1cant legal
Costs already Teferred to. The surplus before inveStn￿nt revaluations was £1246
(2021: a deficit of£18,707).
The prices of the Trust's income and accumulation investments fell and the overall
value of the portfolio decre&sed by £5.950.
Overall, there is a deficit for the year of £4.704.
Reserves policy:
The reserves held by the Clwity SUPPOrt the matn objective of the provision of
accommodklion al C J Gallard's Almshouses for the bcn¢fil of cligible residcnts of the
BoTough of Tunbridge Wells. The rese￿¢5, excluding the Tcstrictcd PcnnancTJt
Endowment Fund, Extraordinary Repair Fund and Property bund. totalled £31,626.
These reserve.s enable us to meet cyclical maintenance costs and include a provision
for special projects and a general reserve. The Trustees, policy is to hold a general
reserve equivalent to three months. general expenditure. which equates to
approximately £27,500.
It Is consid¢rcd thal the reserves are adequate to cover known futurc necds.
Tru$tee$' respongibillifies in relatlon to the finaneial sl*tementS:
The charity trustees are responsible for preparing a trustees, annual report and financial
statements in accordance with applicable law and United Kingdom Accountin8
Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable lo charities and regiSte￿d social housing providers in England and
Wales requires the trustees to prepare fjnancial statements for each financial year
which give a true and fair view of the slate of affairs of the charlty as al the balance
sheet date. and of its income and expenditure for that period. In preparing the financial
statements the trustees are required to..
select sultable accounting policies and then apply them consistently:
observe the methods and principles in the applicable Charities SORP;
make judgcments and estimates that are reasonable and prudenL
state whether applicable accounting standards have been followed. subject to
any material departures that must be disclosed and explained in the financial
ststements, and
prepare the accounts on the going concern basis unless it is inappropriate to
presum¢ that the charity will continue on that basis.

C J Gallard's Almshouses, Charitable Trust
Report of the trnstees and statement of responsibilities
The In￿e8 are responsible for keeping proper aCCount￿g records wbich disclose with
reasonable accurdcy at any time the financial position of the charity and to enable them
to ensure that the financial statements comply with the Charities Act 2011, the
applicable Charities (Accounts and Reports) Regulation5. the Housing & Regencration
Act 2008 and the Accounting Direction for Private Registered Providers of Social
Housing 2015 and the governing document.
They are also responsible for
safeguarding the assets of the charity and hence for taking reasonable steps for the
prevention and detection of fraud and other irregularities.
Approval..
The report was fornially approved by the Trustres at their meeting held on 9 March
2023 and is 81
on their beha]f by:
N Powell. C
f Tn￿tees.
Dale: 9 March 2023

Independent examiner's report
to the trustees ot"
C J Gallard's Almshouses, Charitable Trust
I report to the tnE5tees on my examination of the accounts of C J Gallards Charitable Trnst for the year
cnded 31 D¢cember 2022 which are set pages 6 to 16.
Responsibilities and basis of rq￿rt
As tbe charity tr￿Ste￿ of Tnjll you are re￿￿51b1¢ for the prcparnts"ot) of the aCCOUDts in accordane¢ with the
requircmts of the Clwities Act 2011 fthe Aci?.
I report in rLyct of niy exan)ination of the T[￿ste& a￿Unts Carri￿ out under 8￿tion 145 of the 2011 Art aTrJ in
caTryill8 Out tny examination I h&ve fouowrd all th¢ opplicable Directions ￿'v¢ll by th¢ Charity COMMI￿10n¢r under
section 145(5)(bl of the 2011 Att
Independent examlner's statement
I have completed my examination. l ¢onfirni that no rnateriai rn2tter8 have ￿me to my attelltion in Conneetion wry¢h the
¢xaminhkn'on ￿VIng ￿ Ca￿*e to believe that in any m&terÈ81 res￿..
11) accountin8 records were not kept in n¥pect of the Trust as TequirrAJ by section 130 of the Act or
{2) the accounts do accord with those re¢ord&' OT
(3} thc accounts do noi comply with the applicable rcquir¢Dxnts concemin8 the forni and content of aecow]ts sct out
in the Charities (A¢counts aThl Reports) Regulations 2(KJ8 other thatl any requircrn¢ni that the accounts give a
nje and hir view, whtch is not a matter Considered L4 part of an indeperthtt examination.
I have no concerns and have come across no oth¢r matters in connection with th¢ examinarioll io whieh attention should
b¢ dr4wn in ￿'S repon ill order ￿ ethable a prow Understs0d￿ ofthe aeeounts to b¢ r¢ached.
DAnlel V*lenthie ACA
Begbles
C'harteredAccownlants
Unit14
Park Barn
Evegaie BUSI￿5¥ Park
Smccth, Ashford
TN25 6SX
. 2023

C J Gallard's Almshouses. Charitable Trust
Statement of financial activities
for the vear ended 31st December 2022
Total
31De
2022
Total
31 Dec
2021
EndOwn￿*t
Restrieted De8igDat¢d Unrestricttd
funds
f￿NdS
fund
Noles
Income from:
Charitablc activities
- Weekly Tnaintenance contribution
Other activities
. Letting5 and guest accornmodation
Donaiions
Investh￿
3925
138.617
142542
131.465
4,017
4,017
945
400
6.511
3,072
4,449
7,521
Total Snconhe
3.072
3925
147,083
154,1180
139,321
Expendliure OD:
ch￿l￿b]e activilie8
- Almshouses, up¢nditur¢
Cy¢lieal maintenance
- Extraryordinary repair
- Management and administration
- Interest pay8bl¢
TotAI expeDdl¢ure
59,006
59,1106
7273
2.142
63,682
20,731
64,834
714
7273
2.142
63,682
211,731
70,948
21,532
1142
7373
143,419
152.834
158,028
Net Income befor¢ g•lDS and
losJe$ on Inve$¢m¢nt¥
930
{JJ48)
1246
{18,707)
Galnsl(loMe$) on IDVUttn¢nt •s8¢t$
(3531)
(1419)
(5,950)
16,570
Net In¢onKllexpendlture)
(3WI)
(1889)
(3J48)
(4,704)
12,131)
Tranjfen between fuThd$
12,903
(12,9031
Net movement ID funds
(3J31)
11814
(3J48)
(9239)
(4704)
12.1311
Recnn¢lll*tlon of funds:
Total ￿lld8 brou8ht forvard
14
113J40
2061381)
41J75
2.63
1218033
2,220.964
Total fund$ ¢xrrled forward
14
£109J09
£2.072.694
£38227
£16,601) £2,214,129
£2218.83.3

C J Gallard's Almsbouses, Charitable Trust
Statement of financial activities
for the year ended 31st December 2021
Comparative
Totsl
31 Det
2021
Elldtswmen¢
Reslricted DeMgD*ted Unrcstri¢t¢d
fundi
f￿nd
Income from:
Cbaritable activities
- Weekly rna]nteTw￿ contnljutio
Other activities
- Lettings and guest accommodation
Donations
lllv¢stments
3.082
128.383
131.465
945
945
4(K)
6,511
2.404
4.107
Totsl Income
3,482
133.435
139,321
Expenditure on:
Chaniable activitics
- Altnshouses, expendi¢ur¢
- Cyclical rnaintenance
- Extra-ordinary T¢pair
. M￿&sement aThJ admi￿1￿10￿
Interest P¥Ydble
64,834
64,834
714
714
70.948
21.532
70,948
21,5.12
Total eXpendIt￿re
714
157,314
158,028
Net Income b¢fore 8#ltts
losses on Inves¢rnent$
2.768
(23,879)
{18.707)
Calnsl(10sge$> on investment #uets
9J63
7.213
16.576
Nel Incomel{expendlture)
9J63
9,617
2,768
(23,879)
(2,1311
Transfers between fvnds
12,103
(]5,(￿)
2.897
Net moven*nt In funds
9J63
21.720
(12.232)
(20,982)
(1131)
Refon¢iliation of fund8:
Total fund5 brought forwaTd
103.W17
2.039,560
53,807
23.620
2220,964
Totsl tsnds ¢arrled fonY*rd
£113 J40
£2,061280
£41.575
£2218.813

C J Gallard's Almshouses, Charitable Trust
Balance sheet
31si December 2022
No
2022
2021
T•ngible rued 8ssets
2J14J26
2.314.326
IDVeStments
193,086
195,964
Current assets
Debtors
Cash at bank ar￿ in hand
412
26.911
219
42.230
27J23
42,449
Credltors: Amounts falling du¢
within one year
(21J4
(21,1391
N¢t current ￿ets
5.7711
21,310
Total 4ss¢ts lesy ¢urr¢nt li*bllltle5
13,190
2.531,600
Credl¢orn: Amounts falling du¢
after more than QDe y¢•r
Other ¢￿ditorS
299,061
312.767
1299.061)
1312,767)
£2,218.833
£2.214.129
Capltil and reserves
Unrestricted fvn(ts
General reserve
DeSign￿ed reseThrs
Restricted fixed as%et ffiJnd8
Other restrÈcted funds
Pern￿nent endowmcnt
13&14
(0.601)
38,227
2,001559
71.1.15
109W9
£2a14,129
2,638
41.575
1,988.656
72.624
113.340
£2,218,833
14
14
14
Approved by the Tr￿tteS on 9 March 2023
their behalf by
Mr N P•wtll
Chglrmsn
Mrs B Wlsdom
Trustee

C J Gallard's Almshouses, Charitable Trust
Notes to the financial statements
31st December 2022
l Aceorynting pollclej
(a) Bas&$ ofpreparalion
The accounts have prepar&1 in accord￿ with i) the Statement of Rec0mtt￿Cd PTa¢tiee.. Accoutitillg
alld Rwriing by Charities prepari￿ their acrA)uDts in accordance with the Financjal RepoTtiY8 Standard
applicable in th¢ UK aTMI Republic of IrelaNI (FRS 102) pubb.shed on 16 July 2014. ii) the Financial
RcpoTttDg Stsndard 8pph"cable the UK and R¢publi¢ of Ir¢lgnd (FRS 102) gtsd iii) the Charities Act 2011.
The f￿ncIal Stsl¢￿￿ts have b¢¢n pryar&l undcr the histori¢al eost CODv¢ntion, as adjusted for tL
revaluation of investsrtnts.
The trust COn5titutCS 8 public benefit entity as defin¢d by FRS 102.
(b) Stafviory bos
The charity is a ye￿51¢red chaTity with the Charity conunlw0￿ a memb¢r of the National Association of
AlmslKJuse8 and is [C￿stered with the Homes and CommunitiG% Agency as a soeial landlord.
(cj Going concern
Thc tn￿te¢S WL4ider that thtse are no water1￿ uwetsiDties about the ability to continue &$ & 80ing
concem.
(d) Income (excluding Inves￿e￿I ga￿$)
Incom¢ iy recognised once th¢ chan.ty has ¢ntitlemenl lo the income, th¢re is sutTici¢nt cert#inty of receipt
al￿ so it is probabl¢ th&t the I￿*me will be receive& Ynd thc amount of income rec¢iv3ble can bc m¢asured
liably.
(e) E¥pendilure
Exp¢nditure is recogwsed 0￿¢ thtte is a legal or constTuetsve obltgatioD to make a payment to a third party,
it 1$ pmbabl¢ ¢h#t settlem¢nt will be requir¢d and the w￿unt of the obligation ¢an be m￿Sured ￿lIablY.
Value added ia¥
The charity 1$ not reg￿te￿I for Yah￿ add￿ t￿. Where applicable. expaits￿e 15 shown irnclusive of VAT
(g) Howingpropenies
The fr¢¢bold land 8tMI 0ri8Lnal 20 flats (alnLshouscs) are trealed as non4capitalised ag￿ts and irtcluded at nil
valuelwsi. Subsequent addilions and impTov¢ryKnt ex￿ndi￿re are slated at eost and include attributable
rinan¢t costs dwing Ihe developmenl perioiL Stsb￿qU¢nt f]nance costs ￿e written off in the %tstemeThl of
financial activities.
No depreciation is cbar%ed. As the alThthus¢s Jr¢ well-m&iDttiitied bave 8 lon8-life and a strong rtsiduai
value. any deprecialion would be inh￿&teria1.
(h) Findneiol inxlnunents
The chanry onty has tinancial 8&8cts ond titiAllcial l￿bIll￿¢S ot. a klnd th8t quality as basic tinancial
ill$trun￿ts. Basic fjnancial instrum¢nL8 are initsally recognised ai ts￿￿action Val￿ and subsequently
mcasured ￿ their settlement Yalue. BaDk IlW￿ are Subs￿U¢n￿Y TTLeasureAJ at amoniseil cost using (be
effectsve interest mdhod 8nd investm¢nts are subsquetttly Meas￿ at their Djarket y￿￿¢ as 4t thc balartee
sbeet d* using the ¢losiD8 qlloted nwket pn¢e.

C J Gallard's Almshouses, Charitable Trust
Notes to the financial statements
31st December 2022
(i) Invutments
All gatns and losses are takcll to ststcll￿t of a¢tiviti¢s as they arise. liealis¢d gains and losses
on investments are calculated as the difference between salGs pr￿cedS and their opening canying value or
their purch&se va￿e if acquired subsequent to the fitst day of the financi81 year. Unrealised gains and losses
are calculated as the diffcrcncc between fair value at the year end and their ¢arying value. Realised and
U[]re￿iSed inv&8ttMrt gains 8TxI losses are combined in the sthtthnent of fin*￿ial activities.
O) Desigwiiedreservaf
D¢signated Ksezvcs are part of fut)d8 which hav¢ b¢en eaThllaTk￿ by the T￿￿te¢S for a
p8rtseular pwptse. Such de$l￿￿On3 may bc reversed by ffijtttre Trustee decisiorLq.
Ik) R&*rricied re.ferves
Eiestricted fijnds are those for partieular purww. na￿lW¢r than the overall charitable puTp05es of the
charity.
2 ¢xpenditsr¢ Det iDcome
2022
Incott￿ Exp¢ndi¢wrc
Net ltheome
Soclxl hou•lnz *dlvltl¢s (Dote 3)
NoModAI hOll￿ng aetlvS¢
- Ark ComTDunity Room IcttiD
1nvt1tn￿nt Income
142W2
152034
(111,292)
4.017
7J21
4.017
7,52]
1152,834
£1,246
2021
Expenditure
Income
Net income
Socl*l hDuJing *divillts (not¢ 31
Non-SQCi81 bousing &ctfvttle5
. Ark Commurrity Room lettm8S
Donatlon8
131.465
158.028
126,563)
945
945
400
Invekn¢nt ID¢0
6.511
139J21
6.511
{18.707
158,028
10

C J Gallard's Almshouses, Charitsble Trust
Notes to the finaneial statements
31st December 2022
2022
2021
3 P*rtieul*rJ of Intome and ewnditsre from socknl bouslng
Weekly maintenance contributions
from 30¢i*I housing
142542
£142,542
131.465
£131,465
Almsbouses, eipeDditsre
Wag¢s and ￿larI¢S (note 4)
Routine maintenance and servitts
Carcline
Gardcn costs
Utiliti¢s {wal¢r. electricity and gas)
Insurance
TV lic¢n¢¢
27,037
10.686
4,760
4254
9,231
2J14
224
27.745
18,780
6.119
9,651
2,397
142
£59.006
£64,834
Cycllcal n￿&￿tell￿nee
£7.273
£714
Extraryordth•ry re￿Ir fund
£2.142
Sperknl proJ¢¢l fund lrnproverneDts
Man*Eenhent And gdmlDlstndo
Wages and salaries {noie 4)
Fccs and subscriptions
Telephone &nd IT
A¢countan¢y & iD¢kpendent examineMaccO￿￿￿$ Teptyt
Legal and professional fees
Travcl & subsistcn¢e
Trustces, expense$
Bank char8es
Administratr'on and SU￿ expenses
15J67
14,859
440
3,011
4.500
45.324
463
4,764
3.750
3&438
263
33
81
2,19)
£63,652
97
2.254
£70.948
Inltrest P*y8bk
£20.73]
£21,532
Expendlture DD 8odAI ho￿81￿£
£152,834
£158028
N¢¢ ID¢ome from ￿ebal hoMIAg
qIO.292}
q26.563)
R&4idettL% are noi ten8nt$ but beneficiaries of the Charity ￿der conditions of & licence to ￿¢UpY an Almshous¢
flat. They pay a weekly rnaintena￿ Contribution {WMC) for tbe maintenance and servic¢s proTridcd in
accordance with the detsils laid down tn the Residents, HaNlbooL their lieence #lld Orig￿￿[ l¢tter of offer. The
WMC rnte is detern￿ by the Tnwtees on a norrfrofit making b￿ls.
Vacant flats, usually arising from death or from a residcDt no longer being ¢apabl¢ of independent living, are
filled from a list of applicants who have applid to coll￿ alld live at Gallard's Close. Void lo&scs thercfor£ only
tirise from thc pcriod between a Ilat falling v8cani and a llew ttsidcnt king able to take up occupation.
11

C J Gallardls Almshouses, Charitable Trust
Notes to the financial statements
31st December 2022
2022
2021
4 Staff ¢04ts ¢rusttts' remutter*¢•oD xnd ¢xpen*s
Cjross wages and salaries
Employcr8' national insutaDee
Ernployn*nt ￿k)wante
42,604
3.0¥0
(3,080)
£42th04
42.604
2,849
{2.849).
£42,604
Alloc￿ed &$ follows..
Almshouses, expenditure
Management and admmisttatiijn
27.1137
15,567
£42,604
27.745
14,859
£42,604
Average no ofemployees
No trustees tK¢ived any reniun¢r•tiots iti the year (2021:£￿il}. Expcns¢s of £33 *rre reimbur8¢d in the year
12021.. £nil).
2022
2021
5 Irtvestment In¢oJne
Bank interc5t
Dividcnd income
97
7824
£7.521
6,507
£6,511
£3,072 {2021.. £2.404) of dividend Incom¢ relales lo investments ￿lo￿ted to the restticted Bxtro-ordinary fijnd.
All other irtvestsnent income is unrestrictryj incon*.
6 T•x*dts
C J Gallard's Alm5hw8' Chan'tsbl¢ Trusi 18 8 regist¢r¢d ChAn"ty as is potentially exempt from
tsxAtion of its income and gains l8llill8 within Incomc T&x Aci 21NJ7 Part 10 and the Tax8tiot] of Chargeable
Gain5 Act 1992 $.256 to the extent that they are appli￿ to lis Charl￿ble objxlive$. No tax liabilily ari8&% in th¢
7 Ta#ilble (kned
Freehold
property
Cost."
At 1st January 2022
At 31st De¢ern￿r 2022
2J14J26
1314J26
book value..
At 31$t Deeember 2022
£1314J26
At 3 1st Dc¢¢rober 2021
£2,314,326
The ChaTity the freehold of the land at the jundion of tAJTwJon Road aThl Yew Tree Road in Southborough.
Kent with 26 tlats (altnshO￿8cs) thereiti. one of which 15 occupied by thc Almsh0￿C5, Manager. which i.s part of
the Pernwnent EndO￿t The laThJ is vested in the Official Custodian for chan.ties by virtti¢ of th¢ S¢h¢rnc of
Re￿ulation dated 2 Januarv 1914 and ¢onfinn¢d in a revisd Schemc daÈcd 15 Aoril 1969.
12

C J Gallard's Almshouses, Charitable Trust
Notes to the financial statements
31st December 2022
8 Investm¢nts
Natlonal Association of
AknLghouses
Investment Fwnd
Type of shares
I￿￿me Acewnulation
Markel value
Total
At January 2022
Additions
Unreabsed swplus on rcvalu*ion
At 31st Deceffjber 2022
113.340
82.624
3.072
(2,419)
£83,277
195.964
3.072
(5,9511)
£19J.086
(3,531}
£109J09
At 3 1st D￿ernber 2021
£113,340
£82.624
£195.964
The investments eornpris¢ Ir￿0￿% and A¢cumul8tion sharts with the N#titsnal Association of A]n￿hOuse$
Common Invesimcnt Fund INAACIF). &dministCTcd by M&G Sccurities Limited. Whilst the CharÈtl&8 Act 1992
div¢$ts rcspinsibility for inv¢stsnents to the Cban'ty Tnts1￿ the Income units ar¢ allocated to th¢ Pcrnianent
EndOwI￿nt Fund and are R¢strictcd capitsl under Chariry Conrnission control and any expenditur¢ could be
subjec( to r¢¢oupmcnt orders. The Accumul81ion units ar¢ allocated 10 thc Extra-ordinary repair fwnd and are
Restricted e#pitai und¢r the trustt¢$' control. Due ￿ the multilude of$mall wuisitiolls ov¢r many years it is Mt
pw11￿1 to detcnnine hisloric C418L
1022
2021
9 D¢btor8
412
219
£412
£219
2022
2021
10 Credltsn: Amounts fallitig due withi'n otte ychr
Loall repa￿ts due in les$ than l year
PAYE & NJC
A£¢n￿lS
13,706
1099
12,904
1,435
6,800
£21,545
£21.139
13

C J Gallard's Almshouses, Charitable Trust
Notes to the financial statements
3Jst December 2022
11 Credltsr& Atnounts fallin8 due after nJ)re than one year
Thcawi"ty
2022
Tot*i
2021
Total
£299.061
£299,061
£312,767
Loans are repayable as follows:
Between one alld two years
Betwcen two and five years
After more than five years
13,706
46.832
238,523
13.706
46J32
238,523
13,706
46.832
252,229
£299.061
£299,061
£312,767
The loans from The Charity Bank Limited comprising advanctts of £150,IM)O in 2011. £175,OtN) in 2012. and
£140,000 in 2013 8r¢ rep4yabl¢ over 25 ￿ al￿ are secured on the freehold property. In¢¢r¢st is payable at
6.5 % p¢r Jnnwn.
12 Anatyili of Tret between funds
2022
Endov4n)ent
Reitrl¢ted
fllndl
Deslgn#ted Unr¢s¢rlcted
fuDd6
fund
Ttst*l
TanElble flxed *ts¢ts
Investme*ts
C8ih at bank
Other net currenl aM¢tg
Credltor8 > l y￿r
2J14J26
83.277
1,314J26
193.086
26,911
{21.13.1)
(299,1)61)
£2.214,129
1119309
38.227
{IlJ16)
4,715
{25%8)
{299,1)61)
£2,071,694
£109,809
£38.227
6,601)
2021
EThJOW￿l R&%trieted Design8teil Unrestrictf
fimd
fimd
TotV41
Tangible (￿ed ￿gets
Inv¢stm¢nts
Cash at bank
2J14J26
82,624
2,314,326
195,964
42,230
120,920)
(312.767)
£2218.833
113.340
41.575
655
1.983
{22,903)
(312.767)
£2,061.280
Credjtors > l year
£113J40
£41,575
£2,638
13 GeDeral reserv¢
At 1st January 2022
Surplus (defi¢it) for the financial ye8r
Trdnsfers to Testri¢teJ fixed asset reseTV¢S
2ffj311
3,6fA
(12,903)
Cyclica] maintsnonce futhl
Tra￿r¢r
(12.903)
At 315t Deceml*r 2022
£{fi601)
At 3 1st December 2021
£2.638
14

C J Gallard's Almshouses, Charitable Trust
Notes to the financial statements
31st December 2022
14 Movement
FDttd
Fund
balances
clfwd
G*in8 attd
lom Transferi
blfwd
IDcoJne Expendithrt
2022
Ptrmlnent Endowment
113J40
(3,531)
IIJ9.809
Rejtricted fixed *s8et fundj
Property fund
2J14.126
(325,070
lJ8&656
2,314,326
(:112.767).
2,001,559
12.903
12,903
Otber rejtrlrted fu•d8
Extra-ordinary repair
72,024
3,072
(2,142)
(2.419>
71,135
7L624
3,072
(2,142)
(2019)
71.135
Unrutrlcted fund¥
Cyeneral Te5erve
1638
147,083
(14J.419)
(12.903)
{6,601)
Unrutrlcted d¢sl8ttated fwids
Cyelieal maintenance fiuKI
Special proje¢ty fund
40,113
1,462
3,925
17373)
3&765
1,462
41J75
3.925
(7273)
3&227
TOTAL
23IW3
154,1180
(152,834)
{5,950)
2.214.129
P¢rnMnent eDdownKllt fuud
Th¢ Pcrmanent endowment fimd cou4Jri8es the freehold property beld ￿ no value a￿1 the income slw¢ type inv¢slm¢nts.
Rejtrlded fixed *Met funds
The restricted fixed a&8e¢ fijnds r¢presertt the tnL8ted inv¢skn¢Dt in hou5in8 less the 0utstsr￿Ing b8lan¢¢ on the
Charity Bank loan.
Extrawordinary repalr fund
The extra-orduwy r¢pair fimd is wed for expenth'ture on majoT repaws or significant impTovem¢nts and compr25¢5
¢umulation sharc type investsnents.
Cy¢ll£al mAiThten*rtee fu#d
The Cyclical maintenance fuThJ 15 rctainea by th¢ to prowde forTegular ittcluding internal and external
repatr and re4ecoralion.
Speci41 projetts fund
The s￿la1 projects fund is US￿ for ex1K￿"tUre onty on ￿￿JaIlY autknnsed projects.
15

C J Gallard's Almshouses, Charitable Trust
Notes to the financial statements
31st December 2022
14 Movejnent of funds (continued)
FuThJ
balanc&%
fwd
Fulld
balances
Gau)s and
losses
Incom¢ EX￿lture
Transfers
2021
P¢rrnane￿ EndowTr¢rtt Fund
Restricted fixed awt fimds
103.977
9J63
113.340
Property fund
Lnan reserv¢
2J14,326
(337,773)
1,976,553
2.314,326
1325,670)
1,988.656
12,103
12,103
Other r¢stricted funds
Extravordinary repair ful
63.007
2,404
7.213
72,624
63.￿7
7213
72,624
Unr&¥riCted futtds
Generdl reserve
23.620
133.435
{157.314)
2.897
2,638
UrLrestriCted d¢$i8natrd fund6
Cyclical main¢eTW)ce futtd
Special prtsj￿ts fvnd
52.745
1.062
3.082
{714)
115,000)
1,462
53.807
3.482
(714)
115.(M)O)
41,575
TOTAL
2220.964
139.321
(1 $8,028)
16.576
2,218,833
15 Legal
The ¢lJariry h39 i￿u[red leg81 CLKts to date of £77.678 in conne¢tiOll with the tenDination of & licen¢¢ to occupy one of the
tlats. The charÉW5 legal ￿lon w&4 suc¢es5ful a￿1 it W&8 awarded costs of £59.629 plus inter¢5t at 8th/0 (from June 2022) in
August 2022. Recovery is believed to be uncertain and therefore in accordan¢¢ with rh¢ Statement Of Recommended
Practice. the itlcome has not been recognised in these accounts.
16