2022-06-30-accounts - Charity Of Mary Parminter

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MARY PARMINTER CHARITY

ANNUAL REPORT OF TRUSTEES

Year ending 30.06 2022

PART 1: THE CHARITY

The Charity is controlled by a Charity Commission Scheme dated 24 January 2012 (ref 851/1112) amended May 2017, and is Registered Charity No. 210057. The Incorporation of the Trustees of the Mary Parminter Charity was sealed on 28[th] October 1993.

Details of the structure of the Charity and its Officers and Advisers are set out on page 2 of the Accounts.

The Charity was founded under a Trust Deed of 1813 by Jane and Mary Parminter then living at A La Ronde, Exmouth (now a National Trust property). In 1811 they completed a building on part of their estate situated in Summer Lane, Exmouth, consisting of a Chapel, School and Almshouses in the middle of a 3-acre field known as Point-in-View. There was one building containing the Chapel, Schoolroom (closed in 1901) and 4 tiny almshouses for “poor spinsters of not less than 50 years and of good character and possessed of some independent means”. Provision was also made for the appointment and payment of a Chaplain to care for the residents and lead worship at the Chapel.

A manse was built in 1829 as a residence for the Chaplain and is occupied by the current Chaplain who also has oversight of the properties and exercises pastoral care to the almswomen. Services of Worship are held every Sunday morning in the Chapel.

In 1969 it was decided that the old almshouses needed to be replaced to meet modern housing standards and three new bungalows were erected with two further bungalows built in 1977. The four dwellings within the original building were reduced to two with shared facilities and in 1996 these were converted into a single dwelling, plus a Community Room and kitchen attached to the Chapel, with a toilet for the disabled in the out-building. The work was completed in 1997.

There is no longer an age limit attached to residence, but preference is still given to older single women in need of housing and with limited financial means. The Charity is a member of the Almshouses Association and the management of the properties is in keeping with the guidelines issued by the Association.

PART 2: THE ACCOUNTS

The Accounts are in a format required to comply with the Charities Act 2011 and the Regulations of 2005 and 2008 for a Charity with under £250,000 annual income and for Receipts and Payments Accounting. The Trustees maintain two separate funds, the General Fund (unrestricted) which may under the Scheme be applied as appropriate “in furthering the objects of the charity”, and the Housing Fund (restricted) which is used for the maintenance and repair of the residential properties. Capital investments are managed by the investment management company CCLA.

The General Fund relates to the provision of the Chapel building for worship and the Manse for the resident Chaplain, along with the payment of an honorarium to the Chaplain. There is an ERF (Extraordinary Repair Fund) for the Chapel and Manse which at 30.06.2022 had a market value of £150,000 and a Maintenance and Administration Fund with a market value of £86,667 (page 9). During the year, major improvements were carried out on the Manse, including secondary glazing and installation of an air source heat pump as well as repairs to the roof and damp treatment work. Secondary glazing was also installed in the chapel. Total repairs & maintenance costs amounted to £25,767.

The Housing Fund relates solely to the provision of almshouse accommodation and is required to be selfsupporting and non-profit-making. The Housing Fund has an ERF which at 30.06.2022 had a market value of £100,000 and a Maintenance and Administration Fund with a market value of £79,088 (page 9). Repairs and Maintenance of the housing accommodation were carried out during the year at a cost of £11,550, with a further £3,465 for gardening and site maintenance.

Separate funds are generated by the members of the Church congregation for the running costs of the chapel and its worship, and for the related expenses of the Chaplain. The Church accounts are attached as an appendix to the Charity accounts.

RESIDENTS: All cottages are occupied.

ACTIVITIES: The Trustees have continued their policy of maintaining and improving the cottages, and supporting the Church community.

TRUSTEES: There was one change to the Trustees during the course of the year, with the retirement of Mrs Margaret Blake.

Signed:

CHAIR: Iain R McDonald Revd Iain McDonald CLERK: S C Brain Mrs Sheila Brain

25 October 2022

THE CHARITY OF MARY PARMINTER

REGISTERED CHARITY NO. 210057

ACCOUNTS

FOR THE YEAR ENDED

30 JUNE 2022

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE MARY PARMXNTER TRUST- REG. CHARrrY NO: 210057 Report on the accounts of the charlty for the year ended 30 June 2022 &8 set out on pages 3 - 10 Respective responsibilities of the truslees and the examiDer The charity's trustees are responsible for the preparation of the Accounts in accordance with the Charities Act 2011. The trustees consider that an audit is not required under section 144(2) of the Act and that an independent exatnination is needed. The independent examiner has the reswTrnsibility to state whether particular matters have Come to their attention. Basis of Independent examiner's report The examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those reconls. It also includes consideration of any unusual iterns or disclosures in the accounts. and seeking explanations from the trustees concerning any such mallers. The procedures undertaken do not provide all the evidence that would be required in an audiL and consequently an audit opinion is not expressed. Ind¢p¢nd¢nt examiner's Statement In conn¢clion with my examination. no matter rne to my attention (l) which gives me reasonable cause to believe that in any material respect the Tequirernents to keep accounting records in accordance viith the 2011 Act" and to prepare accounts which acconl with the accounting policies and to comply with the accowiting requirements of the 2011 Act have not been met" or (2) to which, in my opinioty attention should be drawn in order to enable a proper understanding of the accounts to be reached. NAME: Dr. lan Harr&fon DATE: 24. 09. 2022

SIGNIFICANT INFORMATION

The Charity was founded under a Trust Deed of 1813 by Jane and Mary Parminter then living at A La Ronde in order that its income be applied in:

Paying the stipend and expenses to the Chaplain
For the benefit of the residents of the Charity or any of them in such manner as the Trustees think fit.

The Charity is regulated by the Charity Commissioners Scheme dated 24 January 2012, amended 31 January 2017. Registered Number 210057.

Officers: as at 30 June 2022

Chair:	Revd. Iain McDonald	1 Coastguard Cottages, Dawlish EX7 0BT
Clerk & Treasurer:	Mrs. Sheila Brain	42 Lovelace Crescent, Exmouth EX8 3PR
Trustees	Mr Reg Abbott	16 St Margarets View, Exmouth EX8 5BJ
	Revd. Michael Diffey	Pontevedra, Exmouth Road, Ebford EX3 0QW
	Mr Robert Jones	52 Brixington Lane, Exmouth EX8 4JG
	Miss Pat Kelly	28 Parkside Drive, Exmouth EX8 4LB
	Mr. David Lee	255 Exeter Road, Exmouth EX8 3NQ
	Mrs. Ruth Pickard	27 Parkside Drive, Exmouth EX8 4LB
Chaplain:	Revd. M. Nicholls	The Manse, Point-in-View, Summer Lane, Exmouth EX8 5BD
The Correspondent:	Mrs. Sheila Brain	42 Lovelace Crescent, Exmouth EX8 3PR
Bankers:	Nat. West Bank PLC	94 High Street, Honiton, Devon. EX14 1JL
Independent Examiner:	Dr Ian Harrison	21 Barton Close, Exton, Exeter, Devon EX3 0PE
Solicitor:	WBW Solicitors	9 Southernhay West, Exeter, Devon EX1 1JG
Situation:		Point-in-View, Summer Lane, Exmouth EX8 5BD
Telephone:		Chaplain 01395 260178 The Correspondent 01395 279937

Trustees’ responsibility for the Accounts

Charity Law requires the Trustees to prepare Statements of Account for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources for that period. In preparing those Financial Statements, the Trustees are required to:

Select suitable accounting policies and apply them consistently;
Make judgements and estimates that are reasonable and prudent;
Prepare the Financial Statements on the going concern basis, unless it is inappropriate to presume that the Charity will continue in operation;
To value assets and liabilities in accordance with the Statement of Recommended Practice Accounting by Charities (SORP)

The Trustees are responsible for keeping proper accounting records, which are sufficient to show and explain the Charity’s transactions and to disclose with reasonable accuracy at any time the financial position of the Association, and to enable them to ensure that any statements of account comply with the requirements for the Statement of Recommended Practice - Accounting and Reporting by Charities 2005 (SORP) and the Charities (Accounts and Reports) regulations 2008.

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.

THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER STATEMENT OF ASSETS AND LIABILITIES AT 30 JUNE 2022

Note Freehold Property 4 Investments 5 Cash at Bank and in Hand Represented By: Income Funds Restricted Unrestricted Notes: (a): Housing Fund = £ 179,088 (see p9) Freehold property = £ 14,848 see p8 ) Cash at bank =£ 9,961 £203,897 (b): General Fund = £ 236,667 (see p9) Cash at bank =£ 5,795 £242,462	2022 2021 £ £ 14,848 14,848 415,755 412,411 15,756 8,248 446,359 435,507 ====== ====== 203,897 (a ) 169,850 242,462 (b) 265,657 446,359 435,507 ====== ======

NOTES

1.There were no known contingent liabilities at 30[th] June 2022 2.There were no capital commitments at 30[th] June 2022

These Financial Statements were approved by the Trustees on 25 October 2022

and signed on their behalf by:

(Chair) Iain R McDonald

(Trustee ) R J Abbott

THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 30[TH] JUNE 2022

		General	Housing	Total	2021
	Note	Fund	Fund
Receipts
Dividends & Interest	2	14.351		14,351	14,098
Wayleave (BT phone line)		37	--	37	37
Residents Contributions			35,992	35,992	27,840
Sale of Investments		10,000		10,000	10,000
Transfer from Housing		12,000		12,000	10,000
Sundries		___-	---	-	340
		36,388	35,992	72,380	62,315
		----------	----------		----------
Payments
Management Costs	3	35,587	17,286	52,873	75,765
Transfer to General		---	12,000	12,000	10,000
		______	______	______	______
		35,587	29,286	60,873	85,765
Surplus (Deficit)		801	6,706	7,507	(23,450)
		=====	=====	=====	=====

THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

1. ACCOUNTING POLICIES

Basis of Accounting. The statement of accounts has been prepared in accordance with the Statement of Recommended Practice - Accounting and Reporting by Charities 2005 and the Charities (Accounts and Reports) regulations 2008.

The Accounts are prepared on a receipt and payment basis under section 133 of the Charities Act 2011. An examination is carried out under section 145(1) of the Charities Act 2011, but section 144(1) (audit) of the Charities Act 2011 does not apply.

Gifts in Kind. The Charity receives the benefit of work carried out by volunteers, and receives the use of facility and equipment without charge; no value is placed on these items.

Taxation. As a registered Charity, the Association benefits from Rates relief and is generally exempt from Income Tax and Capital Gains Tax, but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates.

Investments. Investments are stated at market value.

2. INVESTMENT INCOME ( DIVIDENDS AND INTEREST)

	2022	2021
	£	£
CCLA COIF Charity Funds
Property Fund	7,043	6,540
Ethical Fund	7,308	7,558
	Total 14,351	14,098

INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

3.MANAGEMENT AND ADMINISTRATION COSTS
GENERAL FUND
Chaplain / Manager Honorarium
Chaplain expenses (new laptop)
Telephone/broadband
Insurance
Council Tax
Water Rates
Christmas Gifts
Administration & Sundry Expenses (website fee)
Church garden redesign and planting
Church Organ refurbishment
Maintenance: Church and Manse (see schedule p7)
Total
HOUSING FUND
Insurance
Garden

Garden Shed
Concessionary TV licences (delayed payment 2022)
Subscriptions (Almshouse Assn + Housing Ombudsman)
Transfer to General

No 7 Council Tax
No 7 Electricity bill
Refund to Jane Chubb (overpaid monthly charge)
Administration
Property Maintenance (see schedule p7)

Total

2022
£
5,520
---
360
1,046
2,395
169
300
30
---
---
25,767
35,587
1,229
1,989
1,476
---
267
12,000
182
14
505
74
11,550
29,286

THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

Cont....
MANAGEMENT AND ADMINISTRATION COSTS
Property repairs and maintenance
GENERAL FUND
repairs & maintenance to Church, Manse and grounds
Manse Boiler heating oil
Manse windows deposit
Planning permission fees
Manse extractor fans
Manse roof tiles
Manse mould treatment
Manse side trench + gravel

Manse deposit on heat pump
Holiday let (during Manse work) : deposit

Chapel door repair and paint
Summerhouse
Wash house water main
Chapel: lock for organ
Chapel vault: pump repair + clear drain
Chapel roof
Chapel deposit on windows
Washroom/toilet
Chubb Fire extinguisher maintenance

HOUSING FUND
repairs & maintenance to cottages
No 4 windows secondary glazing
Misc external work
No 1 window repair
No 2 heating service

EPC certificates
No 4 hot water tank + valve
Misc items (inc No 4 external light)

Fences and gates + No 7 shed
No 3 kitchen floor
No 7 new oven
Gatepost in meadow + outhouse roof repair
No 3 leakage
No 6 mould removal and repaint
General rubbish clearance
Septic Tank empty x 2
Drain blockages

2022
£
1,831
4,958
258
864
1,304
720
809
4,528
2,085
389
558
451
47
182
416
6,145
48
174
25,767
5,216
1,159
115
81
420
185
1,122
851
86
520
111
79
305
140
370
790
11,550

THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

Cont....

4.	TANGIBLE FIXED ASSETS Cost Balance at 1 July 2021 Balance at 30 June 2022 Housing Association Grant Balance at 1 July 2021 Balance at 30 June 2022 Net Book Value at 30 June 2021 Net Book Value at 30 June 2022	Freehold Land and Buildings
		£ 29,747 -------- 29,747 _ 14,899 --------- 14,899 ___ 14,848 ===== 14,848 =====

Cottages 1,2 and 3 were built in 1969 at a cost of £9,092 and were financed partly from internal funding and partly from an interest free loan from the Charity’s General Fund out of a gift from the Devon and Cornwall Congregational Union.

Cottage 4 was part of the original endowment and created by the amalgamation of original almshouses 4 & 5.

Cottages 6 and 7 were built in 1978 at a cost of £20,655 and were financed by a loan from East Devon District Council (now repaid) and partly from a grant of £14,899 from the Department of the Environment and partly from an interest free loan from the Charity’s General Trust Fund out of a gift from the Devon and Cornwall Congregational Union.

Note: The Charity has no legal right to dispose of the properties other than by transfer to another charity at the nominal book value, representing original costs less the Housing Association Grant (which might have to be re-paid). Any proposal for sale must be in consultation with the Charity Commission with the expectation that sale proceeds are used for the re-provision of almshouses.

THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

Cont…

5. INVESTMENTS
2022

Price
Value
GENERAL FUND
p
£
No of shares
88,894.15 COIF Ethical Investment Fund (2021)
85,559.93 COIF Ethical Investment Fund (2022) 276.61
236,667
Allocated to:
A)
Extraordinary Repair Fund
150,000
B) Cyclical Maintenance Fund
86,667
General Fund Total
236,667
HOUSING FUND
No of shares
125,767.13 COIF Charity Property Fund (2021) 137.44
172,854

COIF Charities Deposit Fund
6,234
179,088
Allocatged to:
A)
Extraordinary Repair Fund
100,000
B)
Cyclical Maintenance Fund
79,088
Housing Fund Total
179,088
TOTAL
415,755

2021
Value
£
260,664
150,000
110,664
260,664
145,525
6,222
100,000
51,747
151,747
412,411

THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

Con’t…

SUMMARY OF FUNDS

Investments	2022	2021
General Trust (Extraordinary Repair Fund)	150,000	150,000
General Fund (maintenance)	86,667	110,644
Housing Fund (Extraordinary Repair Fund)	100,000	100,000
Housing Fund (maintenance)	79,088	51,747
	----------	----------
Total	415,755	412,411
	========	========

APPENDIX POINT4N-VIEW CHURCH STATEAIENT OF ASSETS AND UABIUTIES AT 30.06.%22 Bank Balafi as at 20.06.2022 £17,230.10 Bank Balan as at 30.(.2021 £19,393. Les$ thequ8s not yet w8s8nted Less theque5 not presented £17.230. 219 39196 COIF cwo8ItAccount 22112022 Balanc8 clf Balance df £9.75&13 Interest Interesl Balan(* 8130 June 2022 Igailled £ 17.921 77&82 Balance at 30 Jwe 2021 (gained £.771 COIF Managed Fund 2020r2021 202012021 lfiitial investment 9 January 2014 Vatue 81 30 Jun8 2022 (knss £1098.25 £20,000. lftitial investment 9 January2014 Value at 30 June 2021 19ained £6553.58) £20,000.00 £42 869.88 NOTE.. These accounts aTe wepared On the"Recaipis & Payment$. basis and compty wilh the apptvpriate18gal requirernents. Treasurer R Abbolt

POINT4N-WEW CHURCH ACCOUNTS FOR YEAR ENDING 30.6.2022 RECEIPTS and PAYMENTS ACCOUNT RECEIPTS 202112022 202012021 Offerings (including £875 Charity Aid Found.) Tax Refund 2021122 Tax Refund for 202112022 {will app8ar in 202212023 accounts) Visitors Boxes and donations £8,369. £1.229.08 £5,059 70 £1,061.75 £12.30 PE AL EVENTS £9,610.38 £6,121.45 Gift Day Weddirwjs Concert Funeral £200.00 £50.00 £32.50 00. £82.50 IN MEMORIAM Miss Sheila Midgley DapM& Hammond £5,000.00 £500.00 £500.00 £5,(.00 MISCELLANEOUS VAT Refund for organ repair cost £393.60 £393.60 £10,703.98 £11,203.95 Net receipts for year Cash Balance at 3016 last year Balan as al 30106 this year -£1,895.07 £19,393.96 £17.230.10 -£8,955.08 £28,349.04 £19.393.98

PAYMENTS 202112022 IthNISTrY EXF¥ & PULDII wlies arvj £921.84 £3,554.34 £3,554.34 Is £1,421.84 ION& £1CKI.ry) £121X).(K) £1.32& URC Ministy & Mission Shelter Box Trust £40.(K) £4(K). £250.00 £15.LKI Small Pilgrtin places En¥)race the Middle East rj itish Red Cr088 (Ulwain8} £4,365.00 £3.1&5. CteanirvJ £1LKJ.LKI £162.CKI £156.fK) £786.29 Churth e1oLtW Bulb Enorgy t)8humidlf £1,CW.31 £216.08 £11.160.00 £210.CMJ Shift it W05te (£72 + £EA)> £1,684.31 £15.198.40 Is ELLANEO Duplic*ing & ots &Jpon8es £475.16 £121.79 £210.IXI CCLI Tert ¢tharps £189 + £1430 FuTrJfilor £112.(Kl £1.619.00 £70.IXI .£40 £61.65 £2. Cheque 081 MFG Otkny St Mary ICS Cheque C2 £10.98 £io.ao £1 605

THE CHARITY OF MARY PARMINTER

REGISTERED CHARITY NO. 210057

ACCOUNTS

FOR THE YEAR ENDED

30 JUNE 2022

SIGNIFICANT INFORMATION

The Charity was founded under a Trust Deed of 1813 by Jane and Mary Parminter then living at A La Ronde in order that its income be applied in:

Paying the stipend and expenses to the Chaplain
For the benefit of the residents of the Charity or any of them in such manner as the Trustees think fit.

The Charity is regulated by the Charity Commissioners Scheme dated 24 January 2012, amended 31 January 2017. Registered Number 210057.

Officers: as at 30 June 2022

Chair:	Revd. Iain McDonald	1 Coastguard Cottages, Dawlish EX7 0BT
Clerk & Treasurer:	Mrs. Sheila Brain	42 Lovelace Crescent, Exmouth EX8 3PR
Trustees	Mr Reg Abbott	16 St Margarets View, Exmouth EX8 5BJ
	Revd. Michael Diffey	Pontevedra, Exmouth Road, Ebford EX3 0QW
	Mr Robert Jones	52 Brixington Lane, Exmouth EX8 4JG
	Miss Pat Kelly	28 Parkside Drive, Exmouth EX8 4LB
	Mr. David Lee	255 Exeter Road, Exmouth EX8 3NQ
	Mrs. Ruth Pickard	27 Parkside Drive, Exmouth EX8 4LB
Chaplain:	Revd. M. Nicholls	The Manse, Point-in-View, Summer Lane, Exmouth EX8 5BD
The Correspondent:	Mrs. Sheila Brain	42 Lovelace Crescent, Exmouth EX8 3PR
Bankers:	Nat. West Bank PLC	94 High Street, Honiton, Devon. EX14 1JL
Independent Examiner:	Dr Ian Harrison	21 Barton Close, Exton, Exeter, Devon EX3 0PE
Solicitor:	WBW Solicitors	9 Southernhay West, Exeter, Devon EX1 1JG
Situation:		Point-in-View, Summer Lane, Exmouth EX8 5BD
Telephone:		Chaplain 01395 260178 The Correspondent 01395 279937

Trustees’ responsibility for the Accounts

Select suitable accounting policies and apply them consistently;
Make judgements and estimates that are reasonable and prudent;
Prepare the Financial Statements on the going concern basis, unless it is inappropriate to presume that the Charity will continue in operation;
To value assets and liabilities in accordance with the Statement of Recommended Practice Accounting by Charities (SORP)

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.

THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER STATEMENT OF ASSETS AND LIABILITIES AT 30 JUNE 2022

Note Freehold Property 4 Investments 5 Cash at Bank and in Hand Represented By: Income Funds Restricted Unrestricted Notes: (a): Housing Fund = £ 179,088 (see p9) Freehold property = £ 14,848 see p8 ) Cash at bank =£ 9,961 £203,897 (b): General Fund = £ 236,667 (see p9) Cash at bank =£ 5,795 £242,462	2022 2021 £ £ 14,848 14,848 415,755 412,411 15,756 8,248 446,359 435,507 ====== ====== 203,897 (a ) 169,850 242,462 (b) 265,657 446,359 435,507 ====== ======

NOTES

1.There were no known contingent liabilities at 30[th] June 2022 2.There were no capital commitments at 30[th] June 2022

These Financial Statements were approved by the Trustees on 25 October 2022

and signed on their behalf by:

(Chair) Iain R McDonald

(Trustee ) R J Abbott

THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 30[TH] JUNE 2022

		General	Housing	Total	2021
	Note	Fund	Fund
Receipts
Dividends & Interest	2	14.351		14,351	14,098
Wayleave (BT phone line)		37	--	37	37
Residents Contributions			35,992	35,992	27,840
Sale of Investments		10,000		10,000	10,000
Transfer from Housing		12,000		12,000	10,000
Sundries		___-	---	-	340
		36,388	35,992	72,380	62,315
		----------	----------		----------
Payments
Management Costs	3	35,587	17,286	52,873	75,765
Transfer to General		---	12,000	12,000	10,000
		______	______	______	______
		35,587	29,286	60,873	85,765
Surplus (Deficit)		801	6,706	7,507	(23,450)
		=====	=====	=====	=====

THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

1. ACCOUNTING POLICIES

Gifts in Kind. The Charity receives the benefit of work carried out by volunteers, and receives the use of facility and equipment without charge; no value is placed on these items.

Investments. Investments are stated at market value.

2. INVESTMENT INCOME ( DIVIDENDS AND INTEREST)

	2022	2021
	£	£
CCLA COIF Charity Funds
Property Fund	7,043	6,540
Ethical Fund	7,308	7,558
	Total 14,351	14,098

INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

2022
£
5,520
---
360
1,046
2,395
169
300
30
---
---
25,767
35,587
1,229
1,989
1,476
---
267
12,000
182
14
505
74
11,550
29,286

THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

2022
£
1,831
4,958
258
864
1,304
720
809
4,528
2,085
389
558
451
47
182
416
6,145
48
174
25,767
5,216
1,159
115
81
420
185
1,122
851
86
520
111
79
305
140
370
790
11,550

THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

Cont....

4.	TANGIBLE FIXED ASSETS Cost Balance at 1 July 2021 Balance at 30 June 2022 Housing Association Grant Balance at 1 July 2021 Balance at 30 June 2022 Net Book Value at 30 June 2021 Net Book Value at 30 June 2022	Freehold Land and Buildings
		£ 29,747 -------- 29,747 _ 14,899 --------- 14,899 ___ 14,848 ===== 14,848 =====

Cottage 4 was part of the original endowment and created by the amalgamation of original almshouses 4 & 5.

THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

Cont…

2021
Value
£
260,664
150,000
110,664
260,664
145,525
6,222
100,000
51,747
151,747
412,411

THE INCORPORATED TRUSTEES OF THE CHARITY OF MARY PARMINTER NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2022

Con’t…

SUMMARY OF FUNDS

Investments	2022	2021
General Trust (Extraordinary Repair Fund)	150,000	150,000
General Fund (maintenance)	86,667	110,644
Housing Fund (Extraordinary Repair Fund)	100,000	100,000
Housing Fund (maintenance)	79,088	51,747
	----------	----------
Total	415,755	412,411
	========	========