2023-07-31-accounts

							Unrestricted	Kadowmeat	Total	Torsi
					Note		Fund	Fund	2022/23	282/722
								g	g	f
income aad		eadowmeats		from:
Charitable	smivities						988,309		988,309	/,093,884
Investments							293476		293476	385 75/
Total							1,281,785		1,281,785	/,479,635
Expenditure		oai
Charitable	activities					5	I 233331		I 233331	938793
Total							1,233,331		1,233,331	938,793
Net gains on		pmperty	investments			6		(25,000)	(25,000)
Net (losses)/gains				on	other			(267,143)	(267,143)	(89,9/6)
investments
Net income/(expenditure)				and net			48,454	(267,143)	(218,689)	450,926
movemeat	ia fuads
Balances at		I August					7,753,945	10,065,837	17,819,782	/7,368,856
Balaaces at		31July					7,802399	9,798,694	17,601,093	/7,8/9, 782

			Notes	31.07.23		31.07.22
				8
Fixed assets
Pmperty investments					205,000		230,000
Other investments					9,927,332		10,169,477
Almshouse property
improvements
At cost			8	2,465,931		2,465,931
Depreciation				(1,824,802)		(1,775,483)
					641,129		690,448
					10,773,461		11,089,925
Current assets
Debtors			9	132,221		236,364
Cash at bank				6,774,327		6,725,283
				6,906,548		6,961,647
Current liabilities
Creditors: Amounts
falling due	within
one year			10	(78,916)		(231,790)
Net current	assets				6,827,632		6,729,857
Total assets	less current
Liabilities					17,601,093		17,819,782
Capital and Endowment	reserves capital				9,798,694		10,065,837
Unrestricted	reserves:
Designated Funds			12
Extraordinary Repair		Fund		4,087		188,241
Cyclical Maintenance		Fund		1,395,275		1,250,188
Income and	expenditure
Account			13	6,403,037		6,315,516
					7,802,399		7,753,945
					17,601,093		17,819,782

				2023	2022
				g	8
Cash flow from operating	activities:
Net cash used in / provided by operating		activities	CFI	(244,432)	(14,871)
Cash flow from investing	activities:
Dividends, interest aud rent from investments				293,476	385751
Changes and cash and cash equivalents		in the year		49044	370880
Cash and cash equivalents	at 1 August		CF2	6,725,283	6,354,403
Cash and cash equivalents	at 31 July		CF2	6,774,327	6,725 283

			2023	2022
Net income/expenditure			(218,689)	450,926
Adjustments for:
Investment income			(293,476)	(385,751)
(Gains)/losses on investments			267,143	89,916
Depreciation			49,319	49,319
(Increase)/decrease	in debtors		104,145	(2,141)
Increase/(decrease)	in creditors		152,874)	217,140)
Net casit provided	by operating	activities	244,432	(14871
CF2 Analysis ofcash and cash		equivalents
			2023	2022f
Cash in hand			6,774,327	6,725,283
Total cash and cash equivalents			6,774327	6,725,283
Analysis ofchanges in net debt
		At start ofyear	Cash flow	At end ofyear
Cash		6 725 283	49044	6774 327

2	Income from lettings and	grants r	eceivable
				2022/23	2021/22
					8
	Licence fees			880,767	1,163,044
	Service charges and utilities			291,261
	Losses from void license	fees		(245,219)	(124,660)
	The Drapers' Company			61,500	55,500
				988,309	1,093,884
3	Interest receivable and other income
				2022/23	2021/22
					6
	Investment income			281,891	281,355
	Bank deposit interest Other income			10,211 1,374	104,396
				293,476	385,751
4	Surplus for the year			2022/23	2021/22
					8
	Surplus for the year is stated after charging: Depreciation —tangible fixed assets			49,319	49,319
	Auditors remuneration	(including	VAT)	17,713	14,022

5	Charitable Activities: Governance	Charitable Activities: Governance	Charitable Activities: Governance	and staff costs	and staff costs
						2022/23	2021/22f
	Operating costs
	Services					337,234	322,/93
	Management					374,809	214,77/
	Depreciation					49,319	49,319
	Day to day maintenance					160,399	/67,594
	Major repairs					311,570	184,916
						1,233,331	938,793
	Almshouse staff costs included		within operating		costs
	Wages and salaries						70,750
	Social Security costs						6,325
	Other pension costs						2,889
							79,964
						Number	Number
	The average weekly	number of	persons employed
	during the year was
	No employee earned	in excess off60,000per annum.

				2022/23	2021/22
				g	I
Deficit	in	the	scheme	(281,000)	(47/,000)

roperty inves	tments
		Valuation	Valuation
		2022/23 f	2021/22 f
Balance at 1 August		230,000	230,000
Net investment	gains/(losses)	25 000
Balance at 31	July	205,000	230,000

			Market	value	Cost
			31.07.23	31.07.22f	31.0723	31.07.22
At Net	1 August investment	losses	10,169,477 ~242, 145	10,259,393 ~89.9ld	2,586,471	2,586,471
At	31 July		9,927332	10,169,477	2,586,471	2,586,471

	These investments are Kingdom,	held within the	Drapers' Charities Poolin	g Scheme and all are held	in the United
8	Almshouse property	improvements	(see Note 1)	31.07.23 g	31.07.22 f
	Cost
	At beginning ofyear			2,465,931	2,465,931
	At end ofyear			2,465,931	2,465,931
	Less: Depreciation
	At beginning ofyear Charge for the year			(1,824,802) (49,319)	(1,775,483) (49,319)
	At end ofyear			(1,874,121)	(1,824,802)
	Net book value			591,810	690,448

9	Debtors: Amounts falling due within	Debtors: Amounts falling due within	Debtors: Amounts falling due within	Debtors: Amounts falling due within	Debtors: Amounts falling due within	one	year
								31.07.23	31.07.22f
	Arrears ofmaintenance		contributions
	Weekly Maintenance	Contributions			arrears				29,185
	Accrued income							1,627
	Amount due from TTP							130,594	196,739
	Sundry debtors								10,440
								132,221	236,364
10	Creditors: Amounts	falling due within one year
								31.07.23	31.07.22f
	Weekly Maintenance	Contributions							28,867
	Amount due to HHA							57,034	80,001
	Sundry creditors and	accruals						21 882	122922
								78,916	231,790
11	Capital reserve
								31.07.23	31.07.22
								f	f
	Endowment Capital
	Balance at 1 August							10,065,837	10,155,753
	Net investment gains							(267,143)	(89,916)
	Balance at 31July							9,798,694	10,065,837
12	Designated Funds
							31.07,23	31,07.22
	Extraordinary Repair		Fund
	Balance at 1 August						188,241		275,757
	Contribution Expenditure					127,416 ~333 570		97,399 ~789.975
	Net transfer to		Income	and			(184,154)		(87,516)
	Expenditure account
	Balance at 31July						4,087		188,241
	Cyclical Maintenance		Fund
	Balance at 1 August						1,250,188		1,106,314
	Contribution					175,940		167,464
	Expenditure					~30,853		(23,590)
	Net transfer from		Income	and			145,087		143,874
	Expenditure account
	Balance at 31July						1,395,275		1,250,188

Movement in Income	and Expenditure	Account
			2022/23	2022/22
Balance brought forward			6,315,516	5,83/,032
Surplus for the year			48,454	540,842
Transfer from/(to)
Cyclical Maintenance Extraordinary Repair	Fund Fund	13 13	(145,087) 184,154	(/43,874) 87,5/6
Balance carried forward			6,403,037	6,315,5/6
Analysis ofnet assets
		Unrestricted	Endowment	Total
				31.07.23
Property investments Other investments		205,000 128,638	9,798,694	205,000 9,927,332
Almshouse Property		641,129		641,129
Current assets		6,906,548		6,906,548
Current liabilities		(78,916)		(78,916)
		7,802,399	9,798,694	17,601,093
		Unrestricted	Endowment	Total
				31.07.22
Property investments Other investments		230,000 103,640	10,065,837	230,000 10,169,477
Almshouse Property		690,448		690,448
Current assets		6,961,647		6,961,647
Current liabilities		(231,790)		(231,790)
		7,753,945	10,065,837	17,819,782

any expenses by the Charity (20	any expenses by the Charity (20	22:fnil).
17 Prior year SOFA
		Unrestricted	Endowment	Total
		Fund	Fund	2022/23
		8	8
income and endowments	from:
Charitable activities		1,093,884		1,093,884
Investments		385,751		385751
Total		1,479,635		1,479,635
Expenditure oa:
Charitable acttvities		938,793		938793
Total		938,793		938,793
Net investment gains			(89,916)	(89,916)
Netincome/expenditure		540,842	(89,916)	450,926
Transfer between funds
Net movement in funds
Balances at I August		7,213,103	10,155,753	17,368,856
Balances at31July		7,753,945	10,065,837	17,819,782