|King Edward
Vl and the Reveren
and Gibson's
Charity|d Joseph Prime Almshous|e
Charity| |---|---|---| |Financial Statements||| |Year Ended 31"December 2021||| |Contents||| |||Page| |Charity Reference and Administrative|Details|| |Trustee's
Annual
Report||3-7| |Independent
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0| ## ## ||||||||2021||2020| |---|---|---|---|---|---|---|---|---|---| |||||||King Edward
Vl|||| |||||||and the Reverend|||| |||||||Joseph Prime|Gibson's||| |||||||Almshouse
Charity|Charity|Total|Total| ||||||Note||P|P|E| |Fixed assets|||||||||| |Tangible assets|||||9|1,430,807||1,430,807|1,447,194| |Investments|||||10|560,798|630,092|1,190,890|1,027,051| |||||||1,991,605|630,092|2,621,697|2,474,245| |Current assets|||||||||| |Debtors||||||2,562|3,950|6,512|10,269| |Cash at bank and
in|hand|||||364,782|9,044|373,826|298,926| |||||||367,344|12,994|380,338|309,195| |Creditors: amounts|falling due within one||||12|254,190||254,190|273,631| |year|||||||||| |Net current assets||||||113,154|12,994|126,148|35,564| |Total assets less current|||liabilities|||2,104,759|643,086|2,747,845|2,509,809| |Creditors: amounts|falling due after more|||||88,075||88,075|110,228| |than one year|||||||||| |Net assets||||||2,016,684|643,086|2,659,770|2,399,581| |Charity Funds|||||||||| |Endowment
Funds
Permanent
Endowment|||||16|1,316,690||1,316,690|1,309,93'i| |Capital
Fund|||||16||452,841|452,841|401,262| |||||||1,316,690|452,841|1,769,531|1,711,193| |Restricted
fund|||||16|20||20|| |Unrestricted
Designated
Funds
Furniture
8 Equipment
Fund
Extraordinary
Repair Fund
Extraordinary
Repair Fund Special Projects
Cyclical Maintenance
Fund
Building
Fund
Unrestricted
Funds: General
Fund|||||16
16
16
16
16
16|4,870
99,859
100,000
100,670
343,225
51,350|190,245|4,870
99,859
100,000
100,670
343,225
241,595|5,702
201,860
129,900
154,367
196,559| |||||||699,974|190,245|890,219|688,388| |Total charity funds|||||16|2,016,684|643,086|2,659,770|2,399,581| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||2021|||2020| |---|---|---|---|---|---|---|---|---|---| |||King|Edward||Vl and the||||| |||Reverend||Joseph Prime|||Gibson's||| |||Almshouse|||Charity||charity|Total|Total| |||Unrestricted|||Restricted||Unrestricted||| |||F|||E||E||| |Donations|||675||500|||1,175|100| |Crocus appeal donations||29,683||||||29,683|| |Grants|||||||||500| |||30,358|||500|||30,858|600| |ncome from charitable||activities|||||||| ||||||||2021||2020| ||||||King Edward||||| ||||||VI and the||||| ||||||Reverend||||| ||||||Joseph Prime||||| ||||||Almshouse||Gibson's||| ||||||Charity||charity|Total|Total| ||||||Unrestricted||Unrestricted||| ||||||E||||| |Residents|contributions|receivable|||324,065|||324,065|307,530| |Parking scheme|||||800|||800|875| |Use of hall|||||160|||160|396| |Wayleave|||||23|||23|| ||||||325,048|||325,048|308,801| ## ## |ncome from investments||||| |---|---|---|---|---| |||2021||2020| ||King Edward|||| ||Vl and the|Gibson's||| ||Reverend|charity|Total|Total| ||Joseph Prime|||| ||Almshouse|||| ||Charity|||| ||Unrestricted|Unrestricted||| |Interest from listed investments||17,236|17,236|20,256| |Interest from deposit accounts|2,813||2,813|1,890| ||2,813|17,236|20,049|22,146| |aising funds||||| |||2021||2020| ||King Edward|||| ||Vl and the|Gibson's||| ||Reverend|charity|Total|Total| ||Joseph Pnme|||| ||Almshouse|||| ||Charity|||| ||Unrestricted|Unrestricted||| |Fundraising|49,056||49,056|| |Publicity|1,199||1,199|| ||50,255||50,255|| ## ## ## ||||||||| |---|---|---|---|---|---|---|---| |||||2021|||2020| |||||King Edward
VI and the Reverend|||| |||||Joseph Prime Almshouse|Charity|Total|Total| |||||Unrestricted
Restncted|||| ||||||F||| |Ex enditure
on lettin|housin||accommodation||||| |Empty
property costs
Water charges
Insurance||||1,377
9,158
9,412||1,377
9,158
9,412|1,376
8,604
8,705| |Light and heat
Routine maintenance||||4,085
28,421||4,085
28,421|7,013
31,265| |Garden
maintenance||||10,312|480|10,792|6,252| |Cleaning
Bad debt provision
Loan interest and charges
Depreciation
offreehold
property
Sundry expenses||||3,711
(600)
6,783
36,910
391
109,960|480|3,711
(600)
6,783
36,910
391
110,440|3,735
2,900
7,674
36,937
467
114,928| |Su
ort costs|||||||| |Wages and salaries (note 8)
Training costs
Subscriptions
Telephone,
postage and stationery
Website development
Governance
costs||||31,398
109
603
1,765
155
1,639||31,398
109
603
1,765
155
1,639|27,507
544
692
1,258
487
270| |ITSoftware||||1,084||1,084|1,836| |Accountancy
fees
Bank charges
Advertising
and marketing
Sundry expenses||||4,571
89
110
2,242
43,765||4,571
89
110
2,242
43,765|5,138
64
196
662
38,654| |Depreciation
of furniture||and|equipment|832||832|767| |Extraordinary
repairs||||12,207||12,207|261,011| |Cyclical maintenance||||41,106||41,106|30,727| |||||207,870|480|208,350|446,087| ## ## ## ## |The average
monthly|number ofe|mployees
during
the year was as f|ollows:||| |---|---|---|---|---|---| |||||2021|2020| |||||No.|No.| |Estate management|||||| |Business manager|||||| |The total staff costs|and employee|benefits were as follows:|||| ||||2021||2020| ||||F||| |Wages and salaries|||30,847||27,165| |Social security|||||| |Defined contribution|pension costs|||551|342| ||||31,398||27,507| ## ## |9|Tangible fixed assets|||| |---|---|---|---|---| |||Freehold|Furniture
and|| |||Property|Equipment|Total| ||Cost or valuation:|||| ||At 1"January 2021
Additions|1,985,473
22,355|76,083|2,061,556
22,355| ||Disposals
At 31"December 2021|(1,000)
2,006,828|76,083|(1,000)
2,082,911| ||Depreciation:
At 1"January 2021
Charge for the year|543,981
36,910|70,381
832|614,362
37,742| ||Eliminated
on disposals|||| ||At31"December 2021|580,891|71,213|652,104| ||Net book value:|||| ||At 31"December 2021|1,425,937|4,870|1,430,807| ||At 31"December 2020|1,441,492|5,702|1,447,194| ## ## |ixed asset investments||||| |---|---|---|---|---| |||King Edward
Vl|Gibson's|| |||and the Reverend|Chadty|Total| |||Joseph Prime||| |||Almshouse
Charity||| |Market value at 1"January|2021|486,934|540,117|1,027,051| |Additions|||21,000|21,000| |Disposals
Revaluation||73,864|68,975|142,839| |Market value at 31"December 2021||560,798|630,092|1,190,890| |Cost at 31"December 2021||371,784|241,437|613,221| |Cost at 31"December 2020||371,784|220,437|592,221| ## ## |Yea|r Ended 3|1"|Decem|be|r 20|21||||| |---|---|---|---|---|---|---|---|---|---|---| |11|Debtors|||||||||| |||||||||2021||2020| ||||||||King Edward
Vl|||| ||||||||and the Reverend|||| ||||||||Joseph Prime|Gibson's||| ||||||||Almshouse
Charity|Charity|Total|Total| ||Contributions||in arrears||||1,787||1,787|6,573| ||Provision|for|doubtful||debts||(1,640)||(1,640)|(2,240)| ||Other debtors|||||||||471| ||Prepayments||and accrued|||income|2,415|3,950|6,365|5,465| ||||||||2,562|3,950|6,512|10,269| |12|Creditors:|amounts||falling||due within|one year|||| |||||||||2021||2020| ||||||||King Edward
Vl|||| ||||||||and the Reverend|||| ||||||||Joseph Prime|Gibson's||| ||||||||Almshouse
Charity|Charity|Total|Total| ||||||||||P|| ||Bank loans (note 14)||||||22,171||22,171|21,332| ||Contributions||received||in advance||6,591||6,591|7,908| ||Other creditors||||||5,528||5,528|22,291| ||Provision|for|culvert|repairs|||215,000||215,000|215,000| ||Accruals|and|deferred||income||4,900||4,900|7,100| ||||||||254,190||254,190|273,631| |13|Creditors:|amounts||falling||due after|more than one year|||| |||||||||2021||2020| ||||||||King Edward
Vl|||| ||||||||and the Reverend|||| ||||||||Joseph Prime|Gibson's||| ||||||||Almshouse
Charity|Charity|Total|Total| ||||||||||F|F| ||Bank loans and overdrafts|||||(note 13)|88,075||88,075|110,228| ||||||||88,075||88,075|110,228| ## ## |oans||||||| |---|---|---|---|---|---|---| ||||||2021|2020| ||||||F|| |The Almshouse
Association||||Loan|12,600|21,000| |Charity|Bank Ltd loan||||97,646|110,560| ||||||110,246|131,560| |Loans|are repayable|as follows:||||| |In one|year or less||||22,171|21,332| |Between one and two|||years||18,877|22,171| |Between two and five|||years||50,178|51,209| |In five|years or more||||19,020|36,848| ||||||110,246|131,560| ## ## ## |||||Balance at|||||Gains|Transfers|Balance at31"| |---|---|---|---|---|---|---|---|---|---|---|---| |||||1"January|Income||Expenditure||(losses) on|between|December| |||||2021|||||investments|funds|2021| |||||E||||E|F||F| |Kin
Edward||Vl and the||Reverend|Jose|h Prime||Almshouse|Charit||| |Unrestricted||Funds|||||||||| |General
Fund||||40,946|328,536|||(186,700)||(131,432)|51,350| |Furniture
8|Equipment|||5,702||||(832)|||4,870| |Fund|||||||||||| |Extraordinary||Repair||201,860||||(12,207)|30,671|(120,465)|99,859| |Fund|||||||||||| |Extraordinary||Repair||||||||100,000|100,000| |Fund Special Projects
Cyclical Maintenance||||129,900|||-|(41,106)|19,738|(7,862)|100,670| |Fund|||||||||||| |Building
Fund||||154,367|29,683|||(17,280)|23,455|153,000|343,225| |||||532,775|358,219|||(258,125)|73,864|(6,759)|699,974| |Restricted|Funds||||||||||| |Restricted|Fund|||||500||(480)|||20| |Permanent|Endowment||Funds||||||||| |Permanent||||1,309,931||||||6,759|1,316,690| |Endowment||Fund|||||||||| |Total||||1,842,706|358,719|||(258,605)|73,864||2,016,684| |Unrestricted||Funds|||||||||| |General
Fund||||155,613|17,236||||17,396||190,245| |Permanent|Endowment|||Funds|||||||| |Capital
Fund||||401,262|||||51,579||452,841| |Total||||556,875|17,236||||68,975||643,086| |Total||||2,399,581|375,955|||(258,605)|142,839||2,659,770| ## ## |16|Analysis of net assets||between|funds||||||Creditors|| |---|---|---|---|---|---|---|---|---|---|---|---| |||||Fixed||Investments|Current||assets|due more|| |||||assets|||(liabilities)|||than one|| |||||||||||year|Total| |||||P||||P|||| ||Kin
Edward
Vl and|the Reverend Jose|||h|Prime Almshouse||Charit|||| ||Unrestricted
Funds
General
Fund|||||||51,350|||51,350| ||Furniture
& Equipment|||4,870|||||||4,870| ||Fund
Extraordinary
Repair Fund|||||99,859|||||99,859| ||Extraordinary
Repair||Fund|||100,000|||||100,000| ||Special Projects
Cyclical Maintenance|Fund||||100,670|||||100,670| ||Building
Fund|||||260,269||82,956|||343,225| ||Total|||4,870||560,798||134,306|||699,974| ||Restricted
fund||||||||20||20| ||Permanent
Endowment||Funds||||||||| ||Permanent
Endowment|Fund||1,425,937||||(21,172)||(88,075)|1,316,690| ||Total|||1,430,807||560,798||113,154||(88,075)|2,016,684| ||Gibson's Charit||||||||||| ||Unrestricted
Funds||||||||||| ||General
Fund|||||177,251|||12,994||190,245| ||Permanent
Endowment
Funds||||||||||| ||Capital Fund|||||452,841|||||452,841| ||Total|||||630,092|||12,994||643,086| ||Total|||1,430,807||1,190,890||126,148||(88,075)|2,659,770|