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|Contents||Page:|
|---|---|---|
|Feoffees and|advisers||
|Registered
Charity Numbers
and Address|||
|Report ofthe|Feoffees||
|Independent|Examiner's
report||
|Statement of|financial activities||
|Balance sheet|||
|Notes forming|part ofthe financial statements|10 - 19|
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|Chairman||||||
|---|---|---|---|---|---|
|Mr Paul Knights||||C|Term expires June 2027|
|Other Feoffees||||||
|Mr John Augustine||||W|Term expires December 2024|
|Mrs Hannah
Black||||C|Term expires June 2027|
|Mrs Carol Bull (Ex)
Mr Patrick Chung (appointed|||1"June 2022)|W
T|Resigned June 2021
Term expires June 2026|
|Mr James Cockram
Mrs Virginia
Dean (appointed
Mrs Susan Glossop (appointed|||2"' March 2021)
7'" June 2022)|C
C
W|Term expires March 2027
Term expires December 2026
Term expires June 2026|
|Mr John Griffiths (Ex)||||W|Resigned June 2022|
|Rev Simon Harvey|(Ex)|||C|Resigned March 2022|
|Very Rev Joe Hawes||||C|Term expires September 2023|
|Mr Paul Hopfensperger||(Ex)||T|Resigned
November 2021|
|Mr Gregory Luton
Mrs Birgitte Mager|(appointed||1"June 2021)|C
W|Term expires June 2027
Term expires June 2025|
|Mr Mark Merriam
Mr Thomas Murray|(appointed||1"December 2021)|C
T|Term expires March 2025
Term expires September 2025|
|Mr Oliver Peacock|(Ex)|||C|Resigned
March 2022|
|Mr Simon Pott||||C|Term expires December 2026|
|Mr Henry Saltmarsh||||C|Term expires September 2025|
|Mrs Susan Soper||||C|Term expires December 2026|
|C = Co-opted Feoffee|||W = West Suffolk Council|nominee|T = Town Council nominee|
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|||Note|General|Total|Total|2021|2020|
|---|---|---|---|---|---|---|---|
||||Fund|Designated|Restricted|Total|Total|
|||||||Charity|(Note 2)|
|||||||E|E|
|Income||||||||
|from charitable activities:||||||||
|Residents Contributions|||163,911||34,786|198,697|201,433|
|Charitable
Rents|||1,300|||1,300||
|from activities togenemte|funds:|||||||
|Investment
Income||||||||
|Rent|||19,943|||19,943|19,500|
|COIF Shares|||5,670|4,102|11,935|21,707|21,284|
|Bank Interest|||||26|26|244|
|Wayleaves|||407|||407|182|
|Sundry Income|||728|||728|722|
|Total incoming resources|||~191959|~4102|~46747|~242 808|~243375|
|Expenditure||||||||
|Costofraising funds||||||||
|Investment
Property expenditure|||4,372|||4,372|3,092|
|Charitable actlvities-||||||||
|Almshouse
provision||||||||
|Maintenance|||35,700||15,304|51,004|23,922|
|Running costs|||52,991|||52,991|48,908|
|Staff and support costs||8|69,789||20,100|89,889|82,651|
|Renovation||||89,629||89,629|6,865|
|Charitable
grants and donations|||||5200|~5200|~5850|
||||||~40604||2778|
|Net income/(expenditure)|before|||||||
|Investment
gains|||29,107|(85,527)|6,143|(50,277)|72,087|
|Net gains on investments||||||||
|Unrealised|||100,760|82,446|65,887|249,093|117,003|
|Net income||||QJIILI|~2030|||
|Transfer between funds
Fund balances brought forward|||(29,107)
955 669|29,107
~15|~17335|~24|5735799|
|Fund balances carried forward||||||~6123705|~5924889|
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|Balance sheet asat 31|"Decembe|r 2021|||||
|---|---|---|---|---|---|---|
||Note|General|Total|Total|2021|2020|
|||Fund|Designated|Restricted|Total|Total|
||||||Charity|Charity|
||||||E|E|
|FIXEDASSETS|||||||
|Tangible Assets|3||3,000,000|700,000|3,700,000|3,700,000|
|Investment
Property|4|452,000|||452,000|452,000|
|Investments|5|707,734|575,772|514,083|1,797,589|1,548,496|
|||~11
7 4|3575 772|~114 83|~5949589|~5700 96|
|CURRENT ASSETS|||||||
|Debtors &prepayments|6|5 120|||5,120|6,415|
|Bank Balances|||||||
|Deposit accounts||121,096||23,353|144,449|144,431|
|Current accounts||38,843|||38,843|92,311|
|Cash in hand||26|||26|73|
|CURRENT LIABIUTIES|||||||
|Creditors and accruals|7|~14322|||~14322|~18837|
|NET CURRENT ASSETS||150,763||23,353|174,116|224,393|
|Initial Fund Balances||~254 068|112139|141929|||
|NET ASSETS|||||||
|FUND BAlANCES|||||||
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||||Note|General|Designated|Restricted|Restricted|2020|2019|
|---|---|---|---|---|---|---|---|---|---|
|||||Fund|Funds|Funds||Total|Total|
|||||||E||6||
|Income||||||||||
|Fmm charitable
activities:||||||||||
|Residents Contributions||||165,451||35,992||201,443|205,838|
|Charitable
Rents|||||||||650|
|Fmm activities ro|genemte|funds:||||||||
|Investment
Income||||||||||
|Rent||||19,500||||19,500|19,500|
|COIF Shares||||5,560|4,022|11,702||21,284|20,861|
|Bank Interest|||||||244|244|207|
|Wayleaves||||182||||182|316|
|Sundry Income||||722||||722|~1151|
|Total incoming resources||||||||||
|Expenditure||||||||||
|Costofnrislng funds||||||||||
|Investment
Property expenditure||||3,092||||3,092|3,344|
|Charitable activities||||||||||
|Almshouse
provision||||||||||
|Maintenance||||20,269||3,653||23,922|17,472|
|Running costs||||48,908||||48,908|53,457|
|Staff and support|costs|||63,763||18,888||82,651|80,348|
|Renovation|||||6,865|||6,865|3,620|
|Charitable
grants|and donations|||||~5850||5850|~2200|
|Total expenditure||||~136032|~6865|~28|391|~1712$8|~160441|
|Net income/(expenditure)||before||||||||
|investment
gains||||55,383|(2,843)|19,547||72,087|88,082|
|Net (losses)/gains|on investments|||48663|40051|28|289|117003|233824|
|Net income||||104,046|37,208|472)36||189,090|321,906|
|Transfer between|funds|||~55 383)|55383|||||
|Net movement
in|funds|||48,663|92,591|47,836||189,090|321,906|
|Fund balances bought forward||||~907006|~392 4|~125||~5735799|1
93|
|Fund balances carried forward||||~55669|~|~||~5924 89||
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|.
TANGIBLE ASSETS||||
|---|---|---|---|
||Freehold|Fixtures and||
||property|fittings|Total|
||||f|
|Costor valuation||||
|At 1January 2021and 31December 2021|3,700,000|1,734|3,701,734|
|Depreciation||||
|At 1January 2021||1,734|1,734|
|Charged
during the year||||
|At 31December 2021||1,734|1,734|
|Net book value||||
|At 31December 2021|3,700,000||3,700,000|
|At 31December 2020|3,700,000||3,700,000|
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|||||||Market value at|Market value at||Market value at31|
|---|---|---|---|---|---|---|---|---|---|
|||||||1January 2021||Gains/ (losses)|December 2021|
||||||||f|f|f|
||Charities
Official Investment||||Fund|||||
||- Income shares||||||737,883|106,345|844,228|
||-Accumulation|shares|||||810,613|142,748|953,361|
|||||||1,548,496||249,093|1,797,589|
|6|DEBTORS|||||||||
|||||||||2021|2020|
||||||||||f|
||Rents, contributions||and deposits|||receivable||2,511|3,910|
||Prepayments|||||||2,609|2,505|
|||||||||5,120|6,415|
|7|CREDITORS|||||||||
|||||||||2021|2020|
|||||||||f||
||Taxes and social security||||||||1,960|
||Accrua Is and deferred|||income||||14,322|16,877|
|||||||||14,322|18,837|
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|8|ALMSHOUSES MANAGEMENT|ALMSHOUSES MANAGEMENT|ALMSHOUSES MANAGEMENT|ALMSHOUSES MANAGEMENT|AND OTHER|AND OTHER|SUPPORT COSTS|||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2021|2020|
||||||||||E|
||Staff costs (note 10)|||||||68,289|66,275|
||Staff expenses|||||||580|331|
||Insurances|||||||3,891|3,812|
||Telephone|||||||1,094|1,002|
||Subscriptions|||||||924|515|
||Office expenses|||||||4,302|2,162|
||Residents expenses|||||||9,009|6,756|
||Independent|Examination||fees||||1,800|1,798|
|||||||||89,889|82,651|
|9|INDEPENDENT||EXAMINATION|||REMUNERATION||||
|||||||||2021|2020|
|||||||||E|E|
||Fees payable|forthe Independent||||Examination|ofthe|||
||financial statements|||||||1,800|1,798|
|10|STAFF COSTS AND|||FEOFFEES'||REMUNERATION||||
|||||||||2021|2020|
|||||||||E|E|
||Salaries|||||||67,169|63,859|
||Social security|costs||||||165|1,014|
||Pension costs|||||||955|1,402|
|||||||||68,289|66,275|
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|(a)Summary||||Balance at|Net|Transfers|Investment|Balance at|
|---|---|---|---|---|---|---|---|---|
|||||01Jan|changesin||Gains|31Dec|
|||||2021|resources|||2021|
|||||f||f|E|f|
|(1)General Fund||||955 669|29107|~29 107|100760|1056429|
|(2) Designated
Funds|||||||||
|Tangible assets held|for||||||||
|charitable
purposes||||3,000,000||||3,000,000|
|Cyclical maintenance|||||||||
|Extraordinary
maintenance||||389,542|(89,629)|14,553|62,350|376,816|
|Almshouse
rebuilding||||~272 343|~4102|14554|20096|311095|
|||||3661885|~85 527|~29107|~82446|~3687911|
|(3) Restricted
Funds|||||||||
|Almshouse
Residents||||97,613|(1,128)||13,029|109,514|
|Batteley and Sutton|Relief in Need|||67,954|709||8,352|77,015|
|SirJohn James (Medical||and|Surgical)|20,263|229||2,088|22,580|
|Guildhall
Feoffment|Educational|||20,393|528||2,583|23,504|
|Dr Clopton's —General||Fund||167,851|47|2,583|19,767|190,248|
|Dr Clopton's —Endowment|||Fund|88,629|2,583|(2,583)|12,651|101,280|
|Kytson Trust||||371,636|(8,340)||7,417|370,713|
|Fennell
Memorial
Homes||||472996|11515|||484511|
|||||1307335|6143||65887|1379365|
|Total Funds|||||||||
|(b) Analysis of Net Assets||||Charitable|Investment|Investments|Net Current|Total at31|
|||||Property|Property||Assets|Dec2021|
|||||f|f|f|f|F.|
|(1)General
Fund|||||452 000|707734|(~103305|~1056429|
|(2)Designated
Funds|||||||||
|Tangible assets held|for||||||||
|charitable
purposes||||3,000,000||||3,000,000|
|Extraordinary
maintenance||||||416,234|(39,418)|376,816|
|Almshouse
rebuilding||||||~159538|~1515 7|~311095|
|||||~3000000||~575 772|~112139|~36 7911|
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|(b) Analysis ofNet Assets|||Charitable|Investment|Investments|Net Current|Total at 31|
|---|---|---|---|---|---|---|---|
||||Property|Property||Assets|Dec2021|
||||E|6|||E|
|(3) Restricted
Funds||||||||
|Almshouse
Residents|||||103,425|6,089|109,514|
|Batteley and Sutton Relief in Need|||||66,304|10,711|77,015|
|SirJohn James (Medical|and|Surgical)|||16,577|6,003|22,580|
|Guildhall
Feoffment
Educational|||||20,502|3,002|23,504|
|Dr Clopton's —General|Fund||||156,920|33,328|190,248|
|Dr Clopton's —Endowment||Fund|||100,432|848|101,280|
|Kytson Trust|||300,000||49,923|20,789|370,712|
|Fennell
Memorial
Homes
Total Assets|||400000
~70|~0|~17|~84512
~12 2
~|~484512
~1379365
~12|
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