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|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|
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|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|
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||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|
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||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|
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||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|
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|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|
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|||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|
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|7|CREDITORS|||
|---|---|---|---|
||||Unaudited|
|||2023|2022|
|||£|£|
||Accruals and deferred income|24,833|23,632|
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||||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|||
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|||Unaudited|
|---|---|---|
||2023|2022|
||£|£|
|Salaries|74,289|68,664|
|Social security costs|||
|Pension costs|986|1,124|
||75,275|69,788|
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|(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|
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|(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|
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