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2023-12-31-accounts
| Contents |
Page: |
| Feoffees and advisers |
1 |
| Registered Charity Numbers and Address |
2 |
| Report of the Feoffees |
3-6 |
| Independent Auditor's report |
7-10 |
| Statement of Financial Activities |
11 |
| Balance sheet |
12 |
| Notes forming part of the financial statements |
13-24 |
| Chairman |
|
| Mr Paul Knights C |
Term expires June 2027 |
| Other Feoffees |
|
| Mr John Augustine W |
Resigned September 2023 |
| Ms Hannah Black C |
Resigned December 2024 |
| Mr Patrick Chung T |
Term expires June 2026 |
| Mr James Cockram C |
Term expires March 2027 |
| Mrs Virginia Dean C |
Term expires December 2026 |
| Mrs Susan Glossop W |
Term expires June 2026 |
| Very Rev Joe Hawes C |
Term expires September 2028 |
| Mr Gregory Luton C |
Term expires June 2027 |
| Mrs Birgitte Mager W |
Term expires June 2025 |
| Mr Mark Merriam (Vice Chair) C |
Term expires March 2025 |
| Mr Thomas Murray T |
Term expires September 2025 |
| Mr Simon Pott C |
Term expires December 2026 |
| Mr Henry Saltmarsh C |
Term expires September 2025 |
| Mrs SusanSoper C |
Term expires December 2026 |
| Mr Graham Mothersole (appointed 1st June 2023) C |
Term expires June 2028 |
| Rev Tiffer Robinson (appointed 1st December 2022) C |
Term expires December 2027 |
| Mr Peter Armitage (appointed 13th February 2024) W |
Term expires March 2028 |
|
Note General Total Total |
Note General Total Total |
Note General Total Total |
Note General Total Total |
Note General Total Total |
2023 |
Unaudited |
|
|
Fund Designated Restricted |
|
|
|
Total |
2022 |
|
|
|
|
|
|
Charity |
Total |
|
|
£ |
£ |
|
£ |
£ |
(Note 2) |
|
|
|
|
|
|
|
£ |
| Income |
|
|
|
|
|
|
|
| from charitable activities: |
|
|
|
|
|
|
|
| Residents Contributions |
|
186,938 |
|
39,446 |
|
226,384 |
202,797 |
| Charitable Rents |
|
1,620 |
|
|
|
1,620 |
308 |
| from activities to generate funds: |
|
|
|
|
|
|
|
| Investment Income |
|
|
|
|
|
|
|
| Rent |
|
21,668 |
|
|
|
21,668 |
20,662 |
| COIF Shares |
|
5,842 |
4,226 |
12,296 |
|
22,364 |
22,277 |
| Bank Interest |
|
|
|
|
2,755 |
2,755 |
945 |
| Wayleaves |
|
183 |
|
|
|
183 |
183 |
| Sundry Income |
|
6,510 |
|
|
|
6.510 |
1.423 |
| Total incoming resources |
|
|
|
|
|
|
|
| Expenditure |
|
|
|
|
|
|
|
| Cost of raising funds |
|
|
|
|
|
|
|
| Investment Property expenditure |
|
3,402 |
|
|
|
3,402 |
3,609 |
| Charitable activities - |
|
|
|
|
|
|
|
| Almshouse provision |
|
|
|
|
|
|
|
| Maintenance |
|
18,096 |
|
|
9,082 |
27,178 |
53,720 |
| Running costs |
|
76,305 |
|
|
|
76,305 |
66,253 |
| Staff and support costs |
8 |
85,485 |
|
22,466 |
|
107,951 |
92,304 |
| Renovation |
|
|
188,446 |
|
|
188,446 |
112,536 |
| Charitable grants and donations |
|
|
|
|
5.800 |
5.800 |
8.424 |
|
|
|
|
|
|
82 |
46 |
| Net income/(expenditure) before |
|
|
|
|
|
|
|
| investment gains/(losses) |
|
39,473 |
(184,220) |
17,149 |
|
(127,598) |
(88,251) |
| Net gains/(losses) on investments |
|
|
|
|
|
|
|
| Realised gains/(losses) |
5 |
|
|
|
|
|
114,188 |
| Unrealised gains/(losses) |
5 |
73,654 |
41,861 |
43,694 |
|
159,209 |
(299,206) |
| Net income |
|
113,127 |
142 |
60.843 |
|
|
2 |
| Transfer between funds |
|
(39,473) |
39,473 |
|
|
|
|
| Fund balances brought forward |
|
986,044 |
3,535,744 |
1,328,648 |
|
5,850,436 |
6,123,705 |
| Fund balances carried forward |
|
1.059.698 |
3.432 |
38 |
491 |
.882.04^ |
5.850,436 |
|
Note General Total Total |
Note General Total Total |
Note General Total Total |
Note General Total Total |
2023 |
Unaudited |
|
|
Fund Designated Restricted |
|
|
Total |
2022 |
|
|
|
|
|
Charity |
Total |
|
|
£ |
£ |
£ |
£ |
Charity |
|
|
|
|
|
|
£ |
| FIXED ASSETS |
|
|
|
|
|
|
| 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 |
711,003 |
411,773 |
499,004 |
1,621,780 |
1,462,571 |
|
|
|
3.411.773 |
1.19S |
5.773.780 |
5.614.571 |
| CURRENT ASSETS |
|
|
|
|
|
|
| Debtors & prepayments |
6 |
9,336 |
|
|
9,336 |
6,331 |
| Bank Balances |
|
|
|
|
|
|
| Deposit accounts |
|
2,468 |
|
24,614 |
27,082 |
175,363 |
| Current accounts |
|
96,304 |
|
|
96,304 |
77,791 |
| Cash in hand |
|
378 |
|
|
378 |
12 |
| CURRENT LIABILITIES |
|
|
|
|
|
|
| Creditors and accruals |
7 |
(24,833) |
|
|
24,833 |
(23.632) |
| NET CURRENT ASSETS |
|
83,653 |
|
24,614 |
108,267 |
235,865 |
| Intra Fund Balances |
|
(186,958) |
21,085 |
165.873 |
|
|
| NET ASSETS |
|
|
3.432.858 |
1.38 |
5.882.047 |
5,850,436 |
| FUND BALANCES |
11 |
1,059,698 |
3.432.858 |
^91 |
5.882.047 |
5.850.436 |
|
Note |
General |
Designated |
Restricted Unaudited |
Restricted Unaudited |
Unaudited |
|
|
Fund |
Funds Funds 2022 |
|
|
2021 |
|
|
£ |
£ £ Total Total |
|
|
|
|
|
|
|
|
£ |
£ |
| Income |
|
|
|
|
|
|
| From charitable activities: |
|
|
|
|
|
|
| Residents Contributions |
|
163,665 |
|
39,132 |
202,797 |
198,697 |
| Charitable Rents |
|
308 |
|
|
308 |
1,300 |
| From activities to generate funds: |
|
|
|
|
|
|
| Investment Income |
|
|
|
|
|
|
| Rent |
|
20,662 |
|
|
20,662 |
19,943 |
| COIF Shares |
|
5,819 |
4,210 |
12,248 |
22,277 |
21,707 |
| Bank Interest |
|
|
|
945 |
945 |
26 |
| Wayleaves |
|
183 |
|
|
183 |
407 |
| Sundry Income |
|
1.423 |
|
|
1.423 |
728 |
| Total incoming resources |
|
|
|
52.325 |
|
242,808 |
| Expenditure |
|
|
|
|
|
|
| Cost of raising funds |
|
|
|
|
|
|
| Investment Property expenditure |
|
3,609 |
|
|
3,609 |
4,372 |
| Charitable activities |
|
|
|
|
|
|
| Almshouse provision |
|
|
|
|
|
|
| Maintenance |
|
38,201 |
|
15,519 |
53,720 |
51,004 |
| Running costs |
|
66,253 |
|
|
66,253 |
52,991 |
| Staff and support costs |
|
71,978 |
|
20,326 |
92,304 |
89,889 |
| Renovation |
|
|
112,536 |
|
112,536 |
89,629 |
| Charitable grants and donations |
|
|
|
8,424 |
8.424 |
5.200 |
|
|
|
112.536 |
44.269 |
36.846 |
293.0 |
| Net income/(expenditure) before |
|
|
|
|
|
|
| investment gains |
|
12,019 |
(108,326) |
8,056 |
(88,251) (50,277) |
|
| Net (losses)/gains on investments |
|
|
|
|
|
|
| Realised gains/(losses) |
|
|
114,188 |
|
114,188 |
|
| Unrealised gains/flosses) |
|
(70,385) |
(170,048) |
(58,773) (299,206) |
|
249,093 |
| Net income |
|
(58,366) |
(164,186) |
(50,717) (273,269) |
|
198,816 |
| Transfer between funds |
|
(12,019) |
12,019 |
|
|
|
| Fund balances bought forward |
|
1,056.429 |
3,687.911 |
1.379.365 |
6,123,705 |
5,924,889 |
| Fund balances carried forward |
|
986.044 |
3.535 |
|
?5C |
6.123.705 |
3.
TANGIBLE ASSETS |
|
|
|
|
Freehold |
Fixtures and |
|
|
property |
fittings |
Total |
|
£ |
£ |
£ |
| Cost or valuation |
|
|
|
| At 1 January 2023 and 31 December 2023 |
3,700,000 |
1,734 |
3,701,734 |
| Depreciation |
|
|
|
| Ati January 2023 |
|
1,734 |
1,734 |
| Charged during the year |
|
|
|
| At 31 December 2023 |
|
1,734 |
1,734 |
| Net book value |
|
|
|
| At 31 December 2023 |
3,700,000 |
|
3,700,000 |
| At 31 December 2022 |
3,700,000 |
|
3,700,000 |
|
|
Unaudited |
|
|
|
|
|
Market value at |
Sales |
Market value at |
|
|
|
1 January 2023 |
Proceeds |
Gains/ (losses) 31 December 2023 |
|
|
|
£ |
£ |
£ |
£ |
| Charities Official |
|
|
|
|
|
|
Investment Fund |
|
|
|
|
| - Income shares |
|
745,009 |
|
69,607 |
814,616 |
| - Accumulation shares |
|
717,562 |
|
89,602 |
807,164 |
|
|
1,462,571 |
|
159,209 |
1,621,780 |
|
DEBTORS |
|
|
|
|
|
|
|
|
|
Unaudited |
|
|
|
|
2023 |
2022 |
|
|
|
|
£ |
£ |
|
Rents, contributions and |
deposits receivable |
|
5,852 |
3,497 |
|
Prepayments |
|
|
3,484 |
2,834 |
|
|
|
|
9,336 |
6,331 |
| 7 |
CREDITORS |
|
|
|
|
|
Unaudited |
|
|
2023 |
2022 |
|
|
£ |
£ |
|
Accruals and deferred income |
24,833 |
23,632 |
|
|
|
Unaudited |
|
|
2023 |
2022 |
|
|
£ |
£ |
|
Staff costs (note 10) |
75,275 |
69,788 |
|
Staff expenses |
2,336 |
439 |
|
Insurances |
5,605 |
4,093 |
|
Telephone |
1,277 |
1,142 |
|
Subscriptions |
886 |
528 |
|
Office expenses |
4,195 |
6,317 |
|
Residents expenses |
8,477 |
8,197 |
|
Independent Auditors fees |
9,900 |
1,800 |
|
|
107,951 |
92,304 |
| 9 |
INDEPENDENT AUDITORS REMUNERATION |
|
|
|
|
|
Unaudited |
|
|
2023 |
2022 |
|
|
£ |
£ |
|
Fees payable for the Independent Audit of the financial |
9,900 |
|
|
statements |
|
|
|
Fees payable for the Independent Examination of the |
|
1,800 |
|
financial statements |
|
|
|
|
Unaudited |
|
2023 |
2022 |
|
£ |
£ |
| Salaries |
74,289 |
68,664 |
| Social security costs |
|
|
| Pension costs |
986 |
1,124 |
|
75,275 |
69,788 |
| (a) Summary |
Unaudited |
|
|
|
|
|
Balance at |
Net |
|
Investment |
Balance at |
|
01 Jan |
changes in |
|
Gains / |
31 Dec |
|
2023 |
resources |
Transfers |
(losses) 2023 |
|
|
£ |
£ |
£ |
£ |
£ |
| (1) General Fund |
986.044 |
39,473 |
39.473 |
73,654 1,059,698 |
|
| (2) Designated Funds |
|
|
|
|
|
| Tangible assets held for |
|
|
|
|
|
| charitable purposes |
3,000,000 |
|
|
|
3,000,000 |
| Cyclical maintenance |
|
|
|
|
|
| Extraordinary maintenance |
233,179 |
(188,446) |
19,737 |
28,707 |
93,177 |
| Almshouse rebuilding |
302,565 |
4,226 |
19,736 |
13,154 |
339,681 |
|
3,535,744 |
(184,220) |
39,473 |
41,861 |
3,432,858 |
| (3) Restricted Funds |
|
|
|
|
|
| Almshouse Residents 97,085 1,149 - 8,527 106,761 |
|
|
|
|
|
| Batteley and Sutton Relief in Need 70,901 2,124 |
|
|
|
- 5,467 78,492 |
|
| Sir John James (Medical and Surgical) 18,212 (790) - 1,367 |
|
|
|
|
18,789 |
| Guildhall Feoffment |
Educational 21,672 650 - |
|
|
1,690 24,012 |
|
| DrClopton's-General |
Fund 173,722 634 2,683 12,938 189,977 |
|
|
|
|
| DrClopton's-Endowment Fund 89,477 2,683 (2,683) 8,281 |
|
|
|
|
97,758 |
| Kytson Trust 360,704 |
|
1,739 |
- 5,424 367,867 |
|
|
| Fennell Memorial Homes |
|
496,875 8,960 - - 505.835 |
|
|
|
|
1,328,648 17,149 _- 43,694 1,389,491 |
|
|
|
|
| Total Funds 5,850,436 (127,598) - |
|
|
159.209 5,882.047 |
|
|
| (b) Analysis of Net Assets |
Charitable |
Investment
Investments |
|
Net Current |
Total at 31 |
|
Property |
Property |
|
Assets |
Dec 2023 |
|
£ |
£ |
|
£ |
£ |
| (1) General Fund |
|
452.000 |
|
(103,305) |
1,059,698 |
| (2) Designated Funds |
|
|
|
|
|
| Tangible assets held for |
|
|
|
|
|
| charitable purposes |
3,000,000 |
|
|
|
3,000,000 |
| Extraordinary maintenance |
|
|
257,831 |
(164,654) |
93,177 |
| Almshouse rebuilding |
|
|
153,942 |
185,740 |
339,682 |
|
3,000,000 |
|
411.773 |
21,086 |
3,432,859 |
| (b) Analysis of Net Assets |
Charitable |
Investment |
Investments |
Net Current |
Total at 31 |
|
Property |
Property |
|
Assets |
Dec 2023 |
|
£ |
£ |
£ |
£ |
£ |
| (3) Restricted Funds |
|
|
|
|
|
| Almshouse Residents |
|
|
99,797 |
6,964 |
106,761 |
| Batteley and Sutton Relief in Need |
|
|
63,979 |
14,513 |
78,492 |
| Sir John James (Medical and Surgical) |
|
|
15,995 |
2,794 |
18,789 |
| Guildhall Feoffment Educational |
|
|
19,783 |
4,229 |
24,012 |
| Dr Clopton's - General Fund |
|
|
151,416 |
38,561 |
189,977 |
| Dr Clopton's - Endowment Fund |
|
|
96,909 |
849 |
97,758 |
| Kytson Trust |
300,000 |
|
51,125 |
16,740 |
367,865 |
| Fennel! Memorial Homes |
400,000 |
|
|
105,836 |
505,836 |
|
700,000 |
|
499,004 |
190,486 |
1,389,490 |
| Total Assets |
3.700.000 |
452.000 |
1.621.780 |
108.267 |
5.882.047 |