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|STRUCTURE, GOVERNANCE|STRUCTURE, GOVERNANCE|STRUCTURE, GOVERNANCE|STRUCTURE, GOVERNANCE|AND MANAGEMENT|AND MANAGEMENT|AND MANAGEMENT|AND MANAGEMENT|AND MANAGEMENT|AND MANAGEMENT|AND MANAGEMENT|AND MANAGEMENT||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|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||||||||
|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|||||||||||||||||||||||||
|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|||||||||||||||||||||||||
|Haines Watts|||||||||||||||||||||||||
|8 Hopper Way|||||||||||||||||||||||||
|Diss|||||||||||||||||||||||||
|Norfolk|||||||||||||||||||||||||
|IP22 4GT|||||||||||||||||||||||||
|Solicitors|||||||||||||||||||||||||
|Gudgeons
Prentice, Buttermarkel,||||||Stowmarket,
IP14 1ED|||||||||||||||||||
|Architectural
Advisers|||||||||||||||||||||||||
|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.|||||||||||||||
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||||||||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|||||||
|---|---|---|---|---|---|---|
|||||||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|
##
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##
##
##
##
##
##
##
|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|