| STRUCTURE, GOVERNANCE | STRUCTURE, GOVERNANCE | STRUCTURE, GOVERNANCE | STRUCTURE, GOVERNANCE | AND MANAGEMENT | AND MANAGEMENT | AND MANAGEMENT | AND MANAGEMENT | AND MANAGEMENT | AND MANAGEMENT | AND MANAGEMENT | AND MANAGEMENT | |||||||||||||
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| Governing document The charity is controlled |
by | its governing | document, | a deed of trust and constitutes | an unincorporated | charity. | ||||||||||||||||||
| Organisational structure The Charity's governing instrument provides appointed by, but not necessarily members |
for one Ex-officio Trustee, namely, the Rector of, Diss Town Council on terms of four years and |
of Diss, logether with four Nominated Trustees two co-opted trustees appointed by the Trustee |
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| Board on terms of two years. | ||||||||||||||||||||||||
| The Charity records are | maintained | by the honorary | clerk, Mrs. S JGrace, 2The | Causeway, | Victoria | Road, Diss, Norlolk | IP22 | 4AW. | ||||||||||||||||
| Risk management The trustees have a duty |
to identify | and | review the | risks to which the charity | is exposed and | and to | ensure | appropriate | controls are in place | |||||||||||||||
| to provide reasonable assurance |
against fraud and | error. | ||||||||||||||||||||||
| The trustees have examined the |
major | risks | that the charity faces and confirm that systems | have been established | to | mitigate those risks, | ||||||||||||||||||
| including a Public Liability |
policy | of | insurance | covering | part of the charity's | land at | Meres Mouth. | |||||||||||||||||
| REFERENCE AND ADMINISTRATIVE | DETAILS | |||||||||||||||||||||||
| Registered Charity number |
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| 210154 | ||||||||||||||||||||||||
| Principal address | ||||||||||||||||||||||||
| 2The Causeway | ||||||||||||||||||||||||
| Victoria Road | ||||||||||||||||||||||||
| Diss | ||||||||||||||||||||||||
| Norfolk | ||||||||||||||||||||||||
| IP22 4AW | ||||||||||||||||||||||||
| Trustees | ||||||||||||||||||||||||
| Mrs ASHughes | ||||||||||||||||||||||||
| JJ Robertson | ||||||||||||||||||||||||
| J P Mason | ||||||||||||||||||||||||
| Mrs J V Blight | ||||||||||||||||||||||||
| J R Maskell | ||||||||||||||||||||||||
| D BYoung | ||||||||||||||||||||||||
| Ex Officio | Reverend | Canon | A C Billett | (retired | 6 June 2022) | |||||||||||||||||||
| Independent Examiner |
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| Haines Watts | ||||||||||||||||||||||||
| 8 Hopper Way | ||||||||||||||||||||||||
| Diss | ||||||||||||||||||||||||
| Norfolk | ||||||||||||||||||||||||
| IP22 4GT | ||||||||||||||||||||||||
| Solicitors | ||||||||||||||||||||||||
| Gudgeons Prentice, Buttermarkel, |
Stowmarket, IP14 1ED |
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| Architectural Advisers |
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| Chapman Chartered Surveyors, |
South | Lopham, Diss, | IP22 2JR | |||||||||||||||||||||
| Insurers | ||||||||||||||||||||||||
| Royal Sun Alliance and | Ansvar, | both through | Grout | Insurance | Brokers Ltd, London. | |||||||||||||||||||
| Bankers | ||||||||||||||||||||||||
| Barclays Bank Pic, Market | Hill, | Diss, Norfolk. | IP22 | 4JU. | ||||||||||||||||||||
| The Charity ls a member | ofThe | Almshouse | Association. |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | ||||
| fund | fund | fund | funds | funds | ||||
| Notes | E | 2 | E | |||||
| INCOME AND ENDOWMENTS Donations and legacies |
FROM | 419 | ||||||
| Charitable activities Weekly Maintenance Contributions |
22,330 | 22,330 | 21,840 | |||||
| Investment income |
~3734 | ~10 000 | ~13 734 | 12,392 | ||||
| Total | ~26550 | ~10000 | ~38550 | 34,651 | ||||
| EXPENDITURE ON | ||||||||
| Charitable activities Almshouses Grants |
13,983 5,082 |
10,000 | 13,983 15,082 |
10,698 9.584 |
||||
| Other | 5,527 | 5,527 | 5,531 | |||||
| Total | ~24 592 | 10,000 | 34,592 | 25.813 | ||||
| NET INCOME | 1,958 | 1,958 | 8,838 | |||||
| Other recognised gains/(losses) |
||||||||
| Gains/(losses) on revaluation assets |
of | lixed | 2,385 | f17,367) | ~16,218) | 45,725 | ||
| Net movement in funds |
722 | 2,385 | (17,367) | (14,260) | 54,563 | |||
| RECONCILIATION OF FUNDS Total funds brought forward |
187,278 | 77,962 | 708,083 | 973,323 | 918.760 | |||
| TOTAL FUNDS CARRIED FORWARD | 188,000 | ~690 716 | 959,063 | 973,323 |
| Salance Sheet SiDecember 2022 |
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|---|---|---|---|---|---|---|
| 2021 | ||||||
| Unrestricted | Restricted | Endowment | Total | Total | ||
| fund | fund | fund | funds | funds | ||
| Notes | K | 2 | ||||
| FIXEDASSETS Tangible assets investments |
5 6 |
14045000$47 | 465,000 225716 |
465,000 406 521 |
465,000 472739. |
|
| 160,458 | 80,347 | 690,718 | 931+21 | 937,739 | ||
| CURRENT ASSETS Cash at bank |
28,092 | 36,009 | ||||
| CREDITORS Amounts faliing due within one year |
7 | (550) | (550) | (425) | ||
| NET CURRENT ASSETS | 27542 | 27 642 | 35.584 | |||
| TOTAL ASSETSLESSCURRENT LIABILITIES |
188,000 | 80,347 | 690,716 | 959,063 | 973,323 | |
| NET ASSETS | 1NN000 | 60017 | 600716 | 050083 | 973323 | |
| FUNDS Unrestricted funds Restricted funds Endowment funds |
188,000 805347 600710 |
18?,278 77,962 708,083 |
||||
| 073323 |
| COMPARATIVES FOR THE STATEMENT OF RNANCIAL | COMPARATIVES FOR THE STATEMENT OF RNANCIAL | ACTIVITIES - continued | ACTIVITIES - continued | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | ||
| fund | fund | fund | funds | ||
| L | 6 | ||||
| Charitable activities |
|||||
| Almshouses | 10,696 | 10,698 | |||
| Grants | 4,584 | 5,000 | 9.584 | ||
| Other | 5,531 | 5,531 | |||
| Total | 20,813 | 5,000 | 25,813 | ||
| NET INCOME | 8,838 | 8.838 | |||
| Other recognised Gains on revaluation |
gains/(losses) ot fixed assets |
21.035 | 9,075 | 15,615 | 45,725 |
| Net movement in funds |
29,873 | 9,075 | 15,615 | 54,563 | |
| RECONCILIATION | OF FUNDS | ||||
| Total funds brought | forward | 157,405 | 68,887 | 692,468 | 918,760 |
| TOTAL FUNDS CARRIED FORWARD | 187,278 | 77,962 | 708,083 | 973,323 | |
| TANGIBLE RXED | ASSETS | ||||
| Freehold | |||||
| property | |||||
| COST | |||||
| At 1 January 2022 and 31 December 2022 |
~465000 | ||||
| NET BOOK VALUE | |||||
| At 31 December 2022 | 465,000 | ||||
| At 31 December 2021 | 465,000 |
| FIXEDASSET INVESTM | ENTS | |
|---|---|---|
| Listed | ||
| investments | ||
| 6 | ||
| MARKETVALUE | ||
| At 1 January 2022 | 472,739 | |
| Additions | 10,000 | |
| Revaluations | ~16218) | |
| At 31 December 2022 | ~466521 | |
| NET BOOK VALUE | ||
| At 31 December 2022 | ~466 521 | |
| At 31 December 2021 | 472,739 | |
| There were no investment | assets outside the UK. |
| Cost or valuat | ion at 31 D |
e | cember 2022 is represe | nted by: |
||||
|---|---|---|---|---|---|---|---|---|
| Listed | ||||||||
| investments | ||||||||
| c | ||||||||
| Valuation in 2020 |
169446 | |||||||
| Valuation in 2021 |
45,725 | |||||||
| Valuation in 2022 |
(16,218) | |||||||
| Cost | 267,468 | |||||||
| 466,521 | ||||||||
| If fixed asset | investments | had not been revalued | they would have been included | at the following | historical | cost: | ||
| 2022 | 2021 | |||||||
| 2 | ||||||||
| Cost | ~267 468 | 257.468 | ||||||
| Fixed asset investments | were valued on an open | market basis on 31 December | 2022 by reference to the | published | list price.. | |||
| CREDITORS: AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||||||
| 2022 | 2021 | |||||||
| 2 | ||||||||
| Other creditors | 550 | 425 | ||||||
| MOVEMENT | IN FUNDS | |||||||
| Net | ||||||||
| movement | At | |||||||
| At 1.1.22 | in funds | 31.12.22 | ||||||
| Unrestricted | funds | |||||||
| General fund | 187+78 | 722 | 188,000 | |||||
| Restricted funds | ||||||||
| Extraordinary | Repair Fund | 77,962 | 2,3&5 | 80,347 | ||||
| Endowment Endowment |
funds fund |
708,083 | (17,367) | 690,716 | ||||
| TOTALFUN | DS | ~973323 | ~14 | 260) | ~959 063 |
| Net movement in funds, |
included | included | included | in the above | are as follows: | ||||
|---|---|---|---|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | ||||||
| resources | expended | losses | in funds | ||||||
| E | E | E | E | ||||||
| Unrestricted funds General lund |
26,550 | (24,592) | (1,236) | 722 | |||||
| Restricted funds Extraordinary Repair Fund |
10,000 | (10,000) | 2,385 | 2,385 | |||||
| Endowmentfunds Endowment fund |
(17,367) | (17,367) | |||||||
| TOTAL FUNDS | ~36 550 | ~34592) | {16,218) | L14,260) | |||||
| Comparatives for movement |
in | funds | |||||||
| Net | |||||||||
| movement | At | ||||||||
| At 1.1.21 | in funds | 31.12.21 | |||||||
| E | E | E | |||||||
| Unrestricted funds General fund |
157,405 | 29,873 | 187,278 | ||||||
| Restricted tunds Extraordinary Repair Fund |
68,887 | 9,075 | 77,962 | ||||||
| Endowment funds Endowment fund |
692,468 | 15,615 | 708,083 | ||||||
| TOTAL FUNDS | 918,760 | 54,563 | 973,323 | ||||||
| Comparative nel movement |
in | funds, included | in the above | are as follows: | |||||
| Incoming | Resources | Gains and | Movement | ||||||
| resources | expended | losses | in funds | ||||||
| 2 | E | E | |||||||
| Unrestricted funds General fund |
29,651 | (20,813) | 21,035 | 29.873 | |||||
| Restricted funds Extraordinary Repair Fund |
5,000 | (5,000) | 9.075 | 9,075 | |||||
| Endowmentfunds Endowment fund |
15.615 | 15,615 | |||||||
| TOTAL FUNDS | 34,651 | (25,813) | 45,725 | 54.563 |
| A current yea | r 12 months | and prior year 12months | combined | position is as | follows: | ||
|---|---|---|---|---|---|---|---|
| Net | |||||||
| movement | At | ||||||
| At 1,1.21 | in funds | 31.12.22 | |||||
| Unrestricted | funds | ||||||
| General fund | 157,405 | 30,595 | 188,000 | ||||
| Restricted funds | |||||||
| Extraordinary | Repair Fund | 68,887 | 11,460 | 80,347 | |||
| Endowment | funds | ||||||
| Endowment | fund | 692,468 | (1,752) | 690,716 | |||
| TOTAL FUNDS | 918,760 | 40,303 | 959.063 | ||||
| A current year 12 months | and prior year 12 months | combined | net movement | in funds, included | in the above are as follows: | ||
| Incoming | Resources | Gains and | Movement | ||||
| resources | expended | losses | in funds | ||||
| E | E | L | p | ||||
| Unrestricted | funds | ||||||
| General fund |
56,201 | (45,405) | 19,799 | 30,595 | |||
| Restricted funds | |||||||
| Extraordinary | Repair Fund | 15,000 | (15,000) | 11,460 | 11,460 | ||
| Endowment | funds | ||||||
| Endowment | fund | (1,752) | (1,752) | ||||
| TOTAL FUNDS | 71,201 | ~60,405) | 29,507 | 40,303 |
| 2022 | 2021 | ||
|---|---|---|---|
| E | E | ||
| INCOME AND ENDOWMENTS | |||
| Donations and legacies Donations |
419 | ||
| Investment income Rents received |
6,676 | 5,693 | |
| Dividends received |
6,831 | 6,696 | |
| Deposit account interest | 28 | 3 | |
| 13,734 | 12,392 | ||
| Charitable activities |
|||
| Weekly Maintenance | Contributions | ~22330 | 21,840 |
| Total incoming resources | 36,550 | 34,651 | |
| EXPENDITURE | |||
| Charitable activities Rates and water |
1,140 | 1,008 | |
| Insurance | 734 | 678 | |
| Telephone Repairs and Maintenance Resident's Gifts |
525 7,703 547 |
560 6,013 524 |
|
| Contact care | 1,748 | 1,748 | |
| Grants to institutions Grants lo individuals |
10,000 ~5082 |
5,000 ~4584 |
|
| 27,479 | 20,115 | ||
| Support costs | |||
| Management Clerk's Honorarium Subscoptions Insurarce |
3,800 171 463 |
3,400 167 462 |
|
| Telephone Postage and stationery Sundries |
120 89 |
120 59 18 |
|
| Computer expenses Professional fees Tenancy costs |
809 ~1415 |
242 1,200 |
|
| 6,867 | 5,668 | ||
| Governance costs | |||
| Accountancy and legal fees |
246 | 30 | |
| Total resources expended | ~34592 | ~25813 | |
| Net income | ~1958 | 8,838 |