**REGISTERED CHARITY NUMBER: 210074**
**REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **FOR**
## **THOMAS PHILIPOT'S ALMSHOUSE CHARITY**
Edwards Chartered Accountants 409-411 Croydon Road Beckenham Kent BR3 3PP
**THOMAS PHILIPOT'S ALMSHOUSE CHARITY**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
|||**Page**||
|---|---|---|---|
|**Reference and Administrative Details**||1||
|**Report of the Trustees**|2|to|5|
|**Independent Examiner's Report**||6||
|**Statement of Financial Activities**||7||
|**Balance Sheet**||8||
|**Notes to the Financial Statements**|9|to|14|
|**Detailed Statement of Financial Activities**|15|to|16|
**THOMAS PHILIPOT'S ALMSHOUSE CHARITY**
## **REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2022**
|**TRUSTEES**|P Cookson|
|---|---|
||C Couves|
||D Crafter|
||Ms J Gearing|
||P Glazebrook|
||Dr I Jessiman|
||D M Nooney|
||Ms M Roberts|
||Ms A Stebbings|
||Ms M Garrod|
||Ms S Robinson|
|**PRINCIPAL ADDRESS**|Philipot Path|
||London|
||SE9 5DJ|
|**REGISTERED CHARITY**|210074|
|**NUMBER**||
|**INDEPENDENT EXAMINER**|Edwards Chartered Accountants|
||409-411 Croydon Road|
||Beckenham|
||Kent|
||BR3 3PP|
Page 1
**THOMAS PHILIPOT'S ALMSHOUSE CHARITY**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022**
## THE CHARITY
Thomas Philipot's Almshouse Charity is an unincorporated charity, which exists under a Charity Commission Scheme of 14 November 1871 as varied by Schemes of the Commissioners of 22 July 1887, 16 August 1940, 5 September 1963, 14 December 1976 and 24 October 1980.
THE TRUSTEES AND CLERK Paul Cookson Colin Couves David Crafter Maura Garrod Janet Gearing Peter Glazebrook Dr Ian Jessiman David Nooney (Chair) Megan Roberts Sue Robinson Angela Stebbings
Clerk to the Trustees: Linda Clayton
According to the requirements of the Scheme, up to eleven Trustees may be appointed, seven of which must live in Eltham, or within seven miles its parish church, and four of which must live in Chislehurst, or within four miles of its parish church.
When vacancies arise on the Board of Trustees, the remaining Trustees consider which skill set is required. Prospective trustees meet the Trustees beforehand and Trustees will then decide whether to elect them to the Board. If more than one Trustee applies to fill the vacancy, then a vote is held at a Board meeting.
The Trustees meet six times during the year. These meetings are supplemented by regular meetings of committees charged with overseeing specific areas of responsibility: finance; maintenance and health and safety; and applications for residency. This expanded committee structure reflects the growing complexity of the Trustees' responsibilities for ensuring good governance. The latter requires the Trustees to regularly review the Charity's range of policies and procedures and, in consultation with the residents, to introduce changes which are of benefit to the functioning of the Charity and the interests of the residents.
## PROFESSIONAL ADVISERS
Estate Surveyor: Richard Thomas, R.T. Property Services Ltd, 1 Ely Gardens, Tonbridge, TN10 4NZ
Accountant: Edwards Chartered Accountants, 409-411, Croydon Road, Beckenham, Kent, BR3 3PP
The Trustees present their annual report together with the audited financial statements of Thomas Philipot's Almshouse Charity (the Charity) for the year ended 31 December 2022. The Trustees confirm that the report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's governing document and the provisions of "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019) (Charities SORP (FRS 102)). The Legal and Administrative information on page 1 forms part of this report.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The object of the Charity is to provide high quality housing to poor persons of good character residing within the ancient parishes of Eltham and Chislehurst, and to maximise the benefits for residents in accordance with the Charity's governing Scheme.
Page 2
**THOMAS PHILIPOT'S ALMSHOUSE CHARITY**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022**
## **OBJECTIVES AND ACTIVITIES**
## **Significant activities for achieving objectives**
There is a statutory obligation on the Trustees to demonstrate achievement in public benefit. The Trustees consider they fulfil this obligation by meeting the above objectives and by fostering good relationships between the Almshouses and the local community. During the year two new almspersons were appointed
The Trustees attach great importance to fostering good relations with the local community and were pleased to be able resume regular social events in the hall and gardens following the lifting of restrictions following Covid. This has included regular contact with Eltham Park Baptist Church, Eltham Park Baptist Playgroup, Sisters of Mercy and the local primary and secondary schools. Activities with the schools normally include War Reminiscence afternoons, concerts, carol singing, teas and hamper deliveries. The residents help with the Sisters of Mercy's fundraising efforts, and they also hold regular activities themselves to raise funds for a number of local and national charities throughout the year.
The Trustees are keen also to foster a strong sense of a Philipot's community and activities are run to ensure that residents become friends, support each other and have lives as fulfilling and outward looking as possible. The communal gardens are exceptionally maintained and provide an oasis for the residents and their visitors to enjoy. Residents are also encouraged to have a small area of the garden to tend, should they wish.
The Trustees give priority to the health and safety of residents and to maintaining the fabric of the buildings to a high standard.
During the year the Warden and Gardener, Sharon and Jim Staples retired after almost 40 years of service each. The Trustees would like to record their gratitude to them for their tireless work and the enormous contribution they made to the well-being of the residents over the years. The change in staff gave the Trustees the opportunity to review the roles of the staff and a Caretaker/Gardener role was created to live on site as the new Warden now lives off site. The new appointees to these roles, Adam Metcalf and Anne Weston, have adapted brilliantly to their new environment, fitting in seamlessly with residents, staff and Trustees and bringing new ideas which enhance the experience of the residents.
This report provides a welcome opportunity to express appreciation for the loyal, determined and enthusiastic support given to the Charity by all the staff: The Clerk to the Trustees, Linda Clayton; the Warden, Anne Weston; the Gardener/Caretaker, Adam Metcalf and the new Warden's Assistant, Kara Staples. The Charity could not run as successfully as it does without the dedication and expertise demonstrated by these Charity employees. The Trustees are also very fortunate for the support and professionalism of the Charity's professional advisors, surveyor Richard Thomas and Edwards Chartered Accountants. Their advice throughout has been much valued, as has the advice of the Almshouse Association. Lastly, and self-evidently, the Charity's effectiveness depends upon a committed body of Trustees with the necessary skills and expertise. All give unstintingly of their time and experience to what is a worthy cause.
## **FINANCIAL REVIEW**
## **Financial position**
The financial position of the Charity remains robust, notwithstanding the challenges of Covid. The Charity is mainly funded by weekly maintenance contributions from residents. Income for the year, including investment income, was £301,081 (2021: £288,032) and expenditure £244,895 (2021: £167,398).
At the end of the year, the surplus meant that Trustees increased their reserves by £56,186 (2021: £120,634) and had total accumulated reserves of £970,930 (2021: £914,744). Of this amount £47,838 (2021: £96,130) relates to a restricted fund for extraordinary repairs in accordance with the Trust Deed.
2023 is likely to be characterised by the current cost of living crisis and especially increased energy costs, but the Trustees consider the Charity is securely based financially to meet this challenge.
Page 3
**THOMAS PHILIPOT'S ALMSHOUSE CHARITY**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022**
## **FINANCIAL REVIEW**
## **Reserves and investment policy**
The Trustees have an agreed policy to maintain, in all circumstances, sufficient cash reserves to meet projected, budgeted expenditure for a minimum period of two months. This level of cash reserves will be reviewed regularly and adjusted where necessary, both in terms of amount and time period, in the light of the Charity's financial performance, interest rates and investment fund values, inflation and financial markets sentiment.
The Trustees have adopted an investment policy in which they seek to strike, in their investment fund decisions, the optimum balance between risk and reward always having regard to the Charity's particular need for probity and prudence. This is achieved through the maintenance and management of a portfolio of investment accounts with differing fund profiles of interest earned, risk and accessibility. This portfolio is reviewed regularly and adjusted as necessary in the light of the Charity's financial performance, economic conditions particularly levels of growth and inflation and consequent investment fund values and financial markets sentiment.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
## **Risk management**
The Trustees regularly review the major risks to which the Charity is exposed and have adopted a policy under which all areas of possible risk are regularly reviewed and any necessary action taken. They are acutely aware of their obligation to ensure good governance of the Charity's affairs through the Trustee Code of Practice adopted in 2011. They regularly review their range of policies and procedures.
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- 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 business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy 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 Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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.
Page 4
**THOMAS PHILIPOT'S ALMSHOUSE CHARITY**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2022**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued**
The Trustees are responsible for preparing the Trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the Trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgments and accounting 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.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and trust deed. 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.
Approved by order of the board of trustees on 24 August 2023 and signed on its behalf by:
D M Nooney - Trustee
Page 5
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THOMAS PHILIPOT'S ALMSHOUSE CHARITY**
## **Independent examiner's report to the trustees of Thomas Philipot's Almshouse Charity**
I report to the charity trustees on my examination of the accounts of Thomas Philipot's Almshouse Charity (the Trust) for the year ended 31 December 2022.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
John Duggan FCA The Institute of Chartered Accountants in England and Wales
Edwards Chartered Accountants 409-411 Croydon Road Beckenham Kent BR3 3PP
24 August 2023
Page 6
**THOMAS PHILIPOT'S ALMSHOUSE CHARITY**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022**
|**2022**
**Unrestricted**
**funds**
Notes
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**279,742**
Investment income
2
**21,339**
**Total**
**301,081**
**EXPENDITURE ON**
Trading activities
**244,895**
**NET INCOME**
**56,186**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**914,744**
**TOTAL FUNDS CARRIED FORWARD**
**970,930**
**CONTINUING OPERATIONS**
All income and expenditure has arisen from continuing activities.|2021
Total
funds
£
271,139
16,893|
|---|---|
||288,032|
||167,398|
||120,634
794,110|
||914,744|
|||
The notes form part of these financial statements
Page 7
## **THOMAS PHILIPOT'S ALMSHOUSE CHARITY**
## **BALANCE SHEET 31 DECEMBER 2022**
|Notes
**FIXED ASSETS**
Tangible assets
6
Investments
7
**CURRENT ASSETS**
Debtors
8
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one year
9
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**CREDITORS**
Amounts falling due after more than one year
10
**NET ASSETS**
**FUNDS**
12
Unrestricted funds
**TOTAL FUNDS**|**2022**
**Unrestricted**
**funds**
**£**
**176,529**
**534,202**
**710,731**
**3,952**
**321,808**
**325,760**
**(22,417)**
**303,343**
**1,014,074**
**(43,144)**
**970,930**
**970,930**
**970,930**|2021
Total
funds
£
176,529
531,640
708,169
3,695
264,107
267,802
(17,498)
250,304
958,473
(43,729)
914,744
914,744
914,744|
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 24 August 2023 and were signed on its behalf by:
D Crafter - Trustee
The notes form part of these financial statements
Page 8
**THOMAS PHILIPOT'S ALMSHOUSE CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Pension costs and other post-retirement benefits**
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
continued...
Page 9
**THOMAS PHILIPOT'S ALMSHOUSE CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022**
## **2. INVESTMENT INCOME**
|Interest receivable
Investment income|**2022**
**£**
**1,521**
**19,818**
**21,339**|2021
£
1,128
15,765|
|---|---|---|
|||16,893|
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.
## **4. STAFF COSTS**
The average monthly number of employees during the year was as follows:
|Wardens, clerk and gardener
No employees received emoluments in excess of £60,000.
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Investment income
**Total**
**EXPENDITURE ON**
Trading activities
**NET INCOME**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|**2022**
2021
**4**
4
Unrestricted
funds
£
271,139
16,893
288,032
167,398
120,634
794,110
914,744|**2022**
2021
**4**
4
Unrestricted
funds
£
271,139
16,893
288,032
167,398
120,634
794,110
914,744|
|---|---|---|
|||288,032|
|||167,398|
|||120,634
794,110|
|||914,744|
## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
continued...
Page 10
**THOMAS PHILIPOT'S ALMSHOUSE CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022**
## **6. TANGIBLE FIXED ASSETS**
|**TANGIBLE FIXED ASSETS**||
|---|---|
||Freehold|
||property|
||£|
|**COST**||
|At 1 January 2022 and 31 December 2022|**176,529**|
|**NET BOOK VALUE**||
|At 31 December 2022|**176,529**|
|At 31 December 2021|176,529|
|**FIXED ASSET INVESTMENTS**||
||Unlisted|
||investments|
||£|
|**MARKET VALUE**||
|At 1 January 2022|**531,640**|
|Impairments|**(1,308)**|
|Reversal of impairments|**3,870**|
|At 31 December 2022|**534,202**|
|**NET BOOK VALUE**||
|At 31 December 2022|**534,202**|
|At 31 December 2021|531,640|
## **7. FIXED ASSET INVESTMENTS**
There were no investment assets outside the UK.
The investments at the balance sheet date consisted of:
Extraordinary Repair Fund - invested in 4,677 NAACIF accumulation shares and these are shown at a market value of £493,541 (2021: £489,672).
Current Account Investments - invested in 46,044 NAACIF shares and these are shown at a market value of £40,661 (2021: £41,969).
## **8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**|||
|---|---|---|
|Trade debtors
Other debtors
Prepayments and accrued income|**2022**
**£**
**98**
**714**
**3,140**
**3,952**|2021
£
91
681
2,923|
|||3,695|
continued...
Page 11
**THOMAS PHILIPOT'S ALMSHOUSE CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022**
|**9.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**2022**
**£**
Trade creditors
**2,471**
Taxation and social security
**-**
Other creditors
**19,946**
**22,417**
**10.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
**2022**
**£**
Other creditors
**43,144**
**11.**
**LOANS**
An analysis of the maturity of loans is given below:
**2022**
**£**
Amounts falling due in more than five years:
Repayable otherwise than by instalments:
Other loans more 5yrs non-inst
**43,144**
**12.**
**MOVEMENT IN FUNDS**
Net
Transfers
movement
between
At 1.1.22
in funds
funds
£
£
£
**Unrestricted funds**
General fund
**672,806**
**86,179**
**(15,000)**
Cyclical maintenance fund
**63,794**
**(23,819)**
**54,700**
Hardship fund
**31,229**
**(2,582)**
**-**
Lift renewal fund
**50,785**
**-**
**5,000**
Extraordinary repair fund
**96,130**
**(3,592)**
**(44,700)**
**914,744**
**56,186**
**-**
**TOTAL FUNDS**
**914,744**
**56,186**
**-**|2021
£
1,855
662
14,981
17,498
2021
£
43,729
2021
£
43,729
At
31.12.22
£
**743,985**
**94,675**
**28,647**
**55,785**
**47,838**|2021
£
1,855
662
14,981|
|---|---|---|
|||17,498|
|||2021
£
43,729|
|||2021
£
43,729|
||**970,930**||
||**970,930**||
continued...
Page 12
**THOMAS PHILIPOT'S ALMSHOUSE CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022**
## **12. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Cyclical maintenance fund
Hardship fund
Extraordinary repair fund
**TOTAL FUNDS**
**Comparatives for movement in funds**
**Unrestricted funds**
General fund
Cyclical maintenance fund
Hardship fund
Lift renewal fund
Extraordinary repair fund
**TOTAL FUNDS**|At 1.1.21
£
574,690
37,572
27,881
45,785
108,182
794,110
794,110|Incoming
resources
£
**303,663**
**-**
**(2,582)**
**-**
**301,081**
**301,081**
Net
movement
in funds
£
138,116
(12,878)
(1,652)
-
(2,952)
120,634
120,634|Resources
Movement
expended
in funds
£
£
**(217,484)**
**86,179**
**(23,819)**
**(23,819)**
**-**
**(2,582)**
**(3,592)**
**(3,592)**
**(244,895)**
**56,186**
**(244,895)**
**56,186**
Transfers
between
At
funds
31.12.21
£
£
(40,000)
672,806
39,100
63,794
5,000
31,229
5,000
50,785
(9,100)
96,130
-
914,744
-
914,744|
|---|---|---|---|
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Cyclical maintenance fund
Hardship fund
Extraordinary repair fund
**TOTAL FUNDS**|Incoming
resources
£
289,684
-
(1,652)
-
288,032
288,032|Resources
Movement
expended
in funds
£
£
(151,568)
138,116
(12,878)
(12,878)
-
(1,652)
(2,952)
(2,952)
(167,398)
120,634
(167,398)
120,634|
|---|---|---|
continued...
Page 13
**THOMAS PHILIPOT'S ALMSHOUSE CHARITY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022**
## **12. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
Cyclical maintenance fund
Hardship fund
Lift renewal fund
Extraordinary repair fund
**TOTAL FUNDS**|At 1.1.21
£
574,690
37,572
27,881
45,785
108,182
794,110
794,110|Net
movement
in funds
£
224,295
(36,697)
(4,234)
-
(6,544)
176,820
176,820|Transfers
between
funds
£
(55,000)
93,800
5,000
10,000
(53,800)
-
-|At
31.12.22
£
743,985
94,675
28,647
55,785
47,838|
|---|---|---|---|---|
|||||970,930|
|||||970,930|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Cyclical maintenance fund
Hardship fund
Extraordinary repair fund
**TOTAL FUNDS**|Incoming
resources
£
593,347
-
(4,234)
-
589,113
589,113|Resources
Movement
expended
in funds
£
£
(369,052)
224,295
(36,697)
(36,697)
-
(4,234)
(6,544)
(6,544)
(412,293)
176,820
(412,293)
176,820|Resources
Movement
expended
in funds
£
£
(369,052)
224,295
(36,697)
(36,697)
-
(4,234)
(6,544)
(6,544)
(412,293)
176,820
(412,293)
176,820|
|---|---|---|---|
||||176,820|
||||176,820|
## **13. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 December 2022.
Page 14
**THOMAS PHILIPOT'S ALMSHOUSE CHARITY**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Weekly maintenance contributions
Utilities receivable
**Investment income**
Interest receivable
Investment income
**Total incoming resources**
**EXPENDITURE**
**Support costs**
**Management**
Rates and water
Telephone
Postage and stationery
Advertising
Sundries
Alarms
Maintenance charges
Cleaning
Computer costs
Donations
Subscriptions
Gardening
Refreshments
Surveyors
Training
Voids
Accountancy
Insurance
Light and heat
Mortgage interest
Legal fees
Entertainment
**Finance**
Bank charges|2022
£
**-**
**248,770**
**30,972**
**279,742**
**1,521**
**19,818**
**21,339**
**301,081**
**11,619**
**622**
**319**
**350**
**1,741**
**13,457**
**54,277**
**3,429**
**114**
**100**
**738**
**1,947**
**164**
**15,696**
**150**
**3,230**
**9,883**
**5,432**
**28,166**
**5,627**
**1,213**
**-**
**158,274**
**(50)**|2021
£
250
243,745
27,144|
|---|---|---|
|||271,139
1,128
15,765|
|||16,893|
|||288,032
10,857
715
495
-
772
13,457
39,096
2,830
223
80
751
1,179
26
14,088
150
9,226
9,319
5,103
27,601
5,686
-
1,000|
|||142,654
-|
This page does not form part of the statutory financial statements
Page 15
**THOMAS PHILIPOT'S ALMSHOUSE CHARITY**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022**
|**Finance**
**Human resources**
Wages
Social security
Pensions
**Other**
Change in investment values
Total resources expended
**Net income**|2022
£
**68,538**
**539**
**1,950**
**71,027**
**15,644**
**244,895**
**56,186**|2021
£
68,712
382
1,870
70,964
(46,220)
167,398
120,634|
|---|---|---|
This page does not form part of the statutory financial statements
Page 16