2024-12-31-accounts - Ipswich Foundation Street Charities

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	Page
Reportofthe Trustees	1to2
Independent Examiner's Report	3
Statement ofFinancialActivities	4
Statement of FinancialPosition	5
Notesto the Financial Statements	6to11
Detailed Statement of Financial Activities	12

		31.'12.24		31.12.23
		Unrestricted		Total
		funds		funds
	Notes	E		€
INCOME AND ENDOWMENTS FROM Donations and legacies		1,002		29,885
Charitableactivities
Contributionsfromresidents		260.353		259,052
Hire ofvisitorsroom		405		480
lnvestment income	2	15,065		14,739
TotaI		276,825		304,156
EXPENDITURE ON
Charitable actiYities Costs of Running Sheltered Housing		381,833		246,391
Net gains on investments		125,875		208,832
NETINCOME		20,867		266,597
RECONCILIATION OF FUNDS
Total funds brought forward		2,521,909	2,255,312
TOTALFUNDSCARRIED FORWARD		2,542,776	2,521,909

The average monthly number of employees during t	heyearwasasfollows:
Administrator Repairs andMaintenance Warden Catering	31.12.24 1 1 1 1	31.12 ,2 1 1 1 1
	4	4

		Unrestricted
		funds f
INCOME AND ENDOWMENTS FROM
Donations and legacies		29,885
Charitableactivities
Contributionsfromresidents		259,052
Hire ofvisitorsroom		480
lnvestment income		14,739
Total		304,1 56
	Page7	continued...

5	COMPARATIVESFORTHE STATEMENT OF FINANCIAL ACTIVITIES -continued	COMPARATIVESFORTHE STATEMENT OF FINANCIAL ACTIVITIES -continued
		Unrestricted
		funds
		t
	EXPENDITURE ON
	Charitableactivities Costs of Running ShelteredHousing	246,391
	Netgains on investments	208,832
	NETINCOME	266,597
	RECONCILIATION OF FUNDS
	Total funds brought forward	2,255,312
	TOTAL FUNDS CARRIED FORWARD	2,521,909
6.	FIXEDASSET INVESTMENTS
		Listed
		investments f
	MARKET VALUE
	At1 January2024	2,330,228
	Revaluations	125,876
	At31 December 2024	2,456,104
	NETBOOKVALUE
	At 31 December 2024	:,456!:1
	At 31 December 2023	:'3n'rr8

			31.12.24 €	31.12.23 f
	Other debtors		1486	lfrl
8.	CREDITORS: AMOUNTSFALLINGDUEWTHINONEYEAR
			31.12.24 f	31.12.23 t
	Other creditors		13,114	_:r40
9.	MOVEMENT IN FUNDS
			Net
			movement	At
		4t1.1.24 E	infunds f	31.12.24 f
	Unrestricted funds
	Generalfund Cyclical RepairFund	1,513,110 314,088	(41,186) 6,338	1,471,924 320,426
	Extraordinary RepairFund	694,711	55,715	750.426
		2,521,909	20,867	2,542,776
	TOTALFUNDS	2,521,909	20,867	2,542,776

Net movementinfunds,includedi	nthe above areasfol	lows
	lncoming	Resources	Gainsand	Movement
	resources tI	expended	losses t	infunds f
Unrestrictedfunds
General fund	276,824	(381,833)	63,823	(41,186)
Cyclical RepairFund			6,338	6,338
Extraordinary RepairFund	1		55,714	55,715
	276,825	(381,833)	125,875	20,867
TOTALFUNDS	276,825	(381,833)	1r5,U:	20,867

Comparativesformovement infunds
		Net
		movement		At
	At1.1.23 t	infunds f		31.12.23 t
Unrestrictedfunds
General fund	1,311,094	202,0't6		1,513,1 10
Cyclical RepairFund	290,116	23,972		314,088
Extraordinary RepairFund	654,102	40,609		694,711
	2,255,312	266,597		2,521,909
TOTALFUNDS	2,255,312	266,597	:,5r1,r0,

Comparative net movementinfun	ds, includedintheabo	veareasfollows:	veareasfollows:
	lncoming resources Itf	ResourcesGainsand expendedlosses		Movement infunds t
Unrestrictedfunds
General fund	304,157	(246,391)	144,250	202,016
Cyclical RepairFund	(1)		23,973	23,972
Extraordinary RepairFund			40,609	40,609
	304,156	(246,391)	208,832	266,597
TOTALFUNDS	304,156	(246,391)	208,832	266,597

A currentyear12months andprioryear	12months combined position	isasfollows
		Net
		movement	At
	At1.1.23 t	infunds t	31.12.24 f
Unrestrictedfunds
General fund	1,311,094	160,830	1,471,924
Cyclical RepairFund	290,116	30,310	320,426
Extraordinary RepairFund	654,102	96,324	750,426
	2,255,312	287,464	2,542,776
TOTALFUNDS	2,255,312	287,464	2,542,776

Acurrentyear12months and prio inthe above areasfollows:	ryear12months co	mbined net m	ovementinfu	nds,include
	lncoming	Resources	Gainsand	Movement
	resources f.	expended f	losses	infunds t
Unrestrictedfunds
General fund	580,981	(628,224)	208,073	160,830
Cyclical RepairFund	(1)		30,311	30,310
Extraordinary RepairFund	1		96,323	96,324
	580,981	(628,224)	334,707	287,464
TOTAL FUNDS	180f81	(628,224)	33110?	287AU

Detailed Statement of Financial Activities forthe Year Ended31December 2024
	31.12.24	31.12.23
	t	€
INCOME AND ENDOWMENTS
Donations and legacies Donations	1,002	29,885
lnvestmentincome
lnterestreceived	1,574	1,473
lncomefromlnvestments	13,491	13,266
	15,065	14,739
Charitableactivities
Rents Received Hire ofvisitorsroom	254,324 40s	253,377 480
Residents Contributions toward Electricity	6,029	5,675
	260,758	259,532
Total incomingresources	276,82s	304,156
EXPENDITURE
Charitableactivities
Wages Rates andwater lnsurance Light and heat Telephone Postageandstationery AlarmSystem Cleaning Garden & Miscellaneous Repairs and renewals	99,675 4,986 9,085 42,104 1,354 1,322 8,027 12,460 3.038 199,782	96,s75 4,163 8,467 34,483 1,274 818 4,445 12,805 2,414 80,947
	381,833	246,391
Total resources expended	381,833	246,391
Net(expenditureyincome	(105,008)	57,765