## ## |||||Page| |---|---|---|---|---| |Charity Reference and||Administrative|Details|| |Trustee's
Annual
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O| ## ## |||||||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|