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2022-12-31-accounts

Page
Charity Reference and Administrative Details
Trustee's
Annual
Report		 3-7
Independent
Examiner's		 Report
Statement of Financial Activities
Balance Sheet 10
Notes to the Financial Statements 11-22

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2022 2021
Note
Fixed assets
Tangible assets 9 1,393,694 1,430,807
Investments 10 1,103,475 1,190,890
2,497,169 2,621,697
Current assets
Debtors 7,446 6,512
Cash at bank and
in hand		 236,107 373,826
243,553 380,338
Creditors: amounts falling due within one year 12 277,848 254,190
Net current assets (34,295) 126,148
Total assets less current liabilities 2,462,874 2,747,845
Creditors: amounts falling due after more than one year 13 69,199 88,075
Net assets 2,393,675 2,659,770
Charity Funds
Endowment
Funds
Permanent
Endowment		 16 1,301,326 1,316,690
Capital
Fund		 16 452,841
1,301,326 1,769,531
Restricted
fund		 16 20
Unrestricted
Designated		 Funds
Furniture
& Equipment		 Fund 16 4,293 4,870
Extraordinary
Repair Fund		 16 100,000 99,859
Special Repair Fund 16 79,256 100,000
Cyclical Maintenance Fund 16 100,000 100,670
Building
Fund		 16 735,947 343,225
Unrestricted
Funds:		 General Fund 16 72,853 241,595
1,092,349 890,219
Total charity funds 16 2,393,675 2,659,770

ncome from d onations
and legac		 ies
2022 2021
Unrestricted Restricted Total Total
F E E
Donations 250 500 750 1,175
Crocus appeal donations 23,272 23,272 29,683
Crocus appeal gift aid 3,711 3,711
27,233 500 27,733 30,858

2022 2021
Unrestricted Restricted Total Total
F F E F
Residents contributions receivable 334,991 334,991 324,065
Parking scheme 800 800 800
Use of hall 790 790 160
Wayleave/ use of premises 950 950 23
337,531 337,531 325,048

2022 2021
Unrestricted Restricted Total Total
E E E F
Interest from listed investments 17,851 17,851 17,236
Interest from deposit accounts 2,302 2,302 2,813
20,153 20,153 20,049

2022 2021
Unrestricted Unrestricted Total Total
F E
Fundraising 58,948 58,948 49,056
Publicity 1,234 1,234 1,199
60,182 60,182 50,255

2022 2021
Unrestricted Restricted Total Tot
F. F F F
Ex enditure
on lettin		 housin
accommodation
Empty property costs 1,335 1,335 1,377
Water charges 8,848 8,848 9,158
Insurance 10,218 10,218 9,412
Light and heat 7,305 7,305 4,085
Routine maintenance 37,943 520 38,463 28,421
Garden maintenance 7,210 7,210 10,792
Cleaning 2,702 2,702 3,711
Bad debt provision (1,187) (1,187) (600)
Loan interest and charges 5,925 5,925 6,783
Depreciation
offreehold		 property 37,196 37,196 36,910
Sundry expenses 498 498 391
Cyclical maintenance 111,535 111,535 41,106
Extraordinary
repairs		 31,019 31,019 12,207
260,547 520 261,067 163,753
Wages and salaries (note 8) 41,915 41,915 31,398
Training costs 1,120 1,120 109
Subscriptions 511 511 603
Telephone,
postage and		 stationery 1,773 1,773 1,765
Website development 961 961 155
Governance
costs		 8,089 8,089 1,639
ITSoftware 1,628 1,628 1,084
Accountancy
fees		 3,499 3,499 4,571
Bank charges 64 64 89
Advertising
and marketing		 35 35 110
Sundry expenses 1,620 1,620 2,242
61,215 61,215 43,765
Depreciation
offurniture		 and equipment 577 577 832
Special Repair Fund repairs (note 15) 20,744 20,744
Total regular charitable activities 343,083 520 343,603 208,350
Project Crocus (funded from Building Fund) 160,312 160,312
Total charitable
activities		 503,395 520 503,915 208,350

he average
monthly		 number
ofe		 mployees
during
the year was as f		 ollows:
2022 2021
No. No.
Estate management
Business manager
Compliance
officer
he total staff costs and employee benefits were as follows:
2022 2021
F E
Wages and salaries 41,180 30,847
Social security
Defined contribution pension costs 735 551
41,915 31,398

Tangible fixed assets
Freehold Furniture
and
Property Equipment Total
F
Cost or valuation:
At 1"January 2022 2,006,828 76,083 2,082,911
Additions 660 660
Disposals
At 31"December 2022		 2,007,488 76,083 2,083,571
Depreciation:
At 1"January 2022		 580,891 71,213 652,104
Charge for the year 37,196 577 37,773
Eliminated
on disposals
At 31"December 2022		 618,087 71,790 689,877
Net book value:
At 31"December 2022 1,389,401 4,293 1,393,694
At 31"December 2021 1,425,937 4,870 1,430,807

King Edward
Vl		 King Edward
Vl		 Gibson's
and the Reverend Charity Total
Joseph Prime
Almshouse
Charity
Market value at 1"January 2022 560,798 630,092 1,190,890
Additions
Disposals
Transfers 630,092 (630,092)
Revaluation
Market value at31"December 2022		 (87,415)
1,103,475		 (87,415)
1,103,475
Cost at 31"December 2022 613,221 613,221
Cost at 31"December 2021 371,784 241,437 613,221
Investments at fair value comprise listed investments only.

Yea r Ended 3 1"D ecem be r 2 022
11 Debtors
2022 2021
E E
Contributions in arrears 1,243 1,787
Provision for doubfful debts (453) (1,640)
Other debtors
Prepayments and accrued income 6,656 6,365
7,446 6,512
12 Creditors: amounts falling due within one year
2022 2021
F
Bank loans (note 14) 18,876 22,171
Contributions received in advance 4,673 6,591
Other creditors 34,499 5,528
Provision for culvert repairs 215,000 215,000
Accruals and deferred income 4,800 4,900
277,848 254,190
13 Creditors: amounts
falling		 due after more than one year
2022 2021
E E
Bank loans and overdrafts (note 14) 69,199 88,075
69,199 88,075

2022 2021
E E
The Almshouse
Association		 Loan 4,200 12,600
Charity
Bank Ltd loan		 83,875 97,646
88,075 110,246
Loans are repayable as follows:
In one year or less 18,876 22,171
Between one and two years 15,648 18,877
Between two and five years 53,551 50,178
ln five years or more 19,020
88,075 110,246

Balance at Gains Transfers Balance at
1 January Income Expenditure (losses) on between 31 December
2022
F		 E E investments
f		 funds
F		 2022
E
Kin
Edward
Vl and the Reverend		 Jose h Prime Almshouse Charit
Unrestricted
Funds
General
Fund		 51,350 340,083 (322,996) 4,416 72,853
Furniture
& Equipment		 4,870 (577) 4,293
Fund
Extraordinary
Repair		 99,859 (3,814) 3,955 100,000
Fund
Special Repair Fund 100,000 (20,744) (3,819) 3,819 79,256
Cyclical Maintenance 100,670 (3,844) 3,174 100,000
Fund
Building
Fund		 343,225 44,834 (219,260) (75,938) 643,086 735,947
699,974 384,917 (563,577) (87,415) 658,450 1,092,349
Restricted
Funds
Restricted
Fund		 20 500 (520)
Permanent
Endowment		 Funds
Permanent 1,316,690 (15,364) 1,301,326
Endowment
Fund
Total 2,016,684 385,417 (564,097) (87,415) 643,086 2,393,675
Gibson's
Charit
Unrestricted
Funds
General
Fund		 190,245 (190,245)
Permanent
Endowment		 Funds
Capital Fund 452,841 (452,841)
Total 643,086 (643,086)
Total 2,659,770 385,417 (564,097) (87,415) 2,393,675

Analysis of n et asset between funds
Creditors
Fixed Investments Current assets due more
assets (liabilities) than one
year Total
F F E
Kin
Edward		 Vl and the Reverend Jose h Prime Almshouse Charit
Unrestricted Funds
Furniture
Fund		 & Equipment 4,293 4,293
Extraordinary Repair Fund 100,000 100,000
Special Repair Fund 79,256 79,256
Cyclical Maintenance Fund 100,000 100,000
Building Fund 688,475 47,472 735,947
General Fund 215,000 (142,147) 72,853
Total 4,293 1,103,475 (15,419) 1,092,349
Permanent
Endowment		 Funds
Permanent Endowment Fund 1,389,401 (18,876) (69,199) 1,301,326
Total 1,393,694 1,103,475 (34,295) (69,199) 2,393,675