**THE ALEXANDRA HOMES**
## **FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 30 SEPTEMBER 2023**
DUDLEY GORE & CO. 50 QUEEN STREET
RAMSGATE KENT CT11 9EE
**THE ALEXANDRA HOMES**
|**CONTENTS**|**PAGE**|
|---|---|
|Trustees annual report|1|
|Independent Examiner’s report to the Trustees|4|
|Income and expenditure account|5|
|Balance sheet|6|
|Notes to the financial statements|7 - 16|
## **THE ALEXANDRA HOMES**
## **TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2023**
## **Officers and Financial Advisers**
**President**
DS Gore
**Vice-Presidents**
Mrs J Gibbs SA Matsubara PJ Saunders
**Trustees of the Freehold and Personal Estate**
DS Gore Mrs J Gibbs PJ Saunders SA Matsubara
**Committee of Management** P Graham (Chairman) JG Davies DS Gore SA Matsubara N Pope PJ Saunders RCB Moulsdale (Resigned July 2023) MFJ Weston Mrs S White Mrs J Gibbs Mrs L Pittock
## **Bankers**
Lloyds Bank Plc, 1/3 The Centre, Margate
## **Investment Advisers**
Rathbones, Glasgow
## **Honorary Independent Examiners**
Dudley Gore & Co, 50 Queen Street, Ramsgate, CT11 9EE
**Warden**
Mrs SE Lowe
**Secretary/Treasurer** Mrs S-J Locking Tel: 01843 223601
-1-
**THE ALEXANDRA HOMES**
## **TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2023 (CONT)**
The Trustees present their report along with the financial statements of the charity for the year ended 30[th] September 2023. The financial statements have been prepared in accordance with the accounting policies set out on page 8 and comply with the charity’s trust deed and applicable law.
## **Constitution**
The Alexandra Homes were founded in 1865 to commemorate the arrival off Margate of Princess Alexandra of Denmark in March 1863, shortly before her marriage to Edward, Prince of Wales. The homes are governed by a Deed of Settlement and are registered as a charity No. 211760.
## **Principal office**
The Alexandra Homes, Tivoli Road, Margate, Kent CT9 5SG.
The names and addresses of other relevant organisations and individuals are shown on page 1.
## **Organisation**
The names of the Trustees who have served during the year, other office holders and advisers of the Homes are as stated on page 1 of the annual accounts. Trustees are appointed by the board of Trustees and serve for three years after which period they may put themselves forward for re-appointment. The Trustees meet monthly and as required, sub-committees are formed which report to the full board of Trustees. The Homes are particularly fortunate in having a dedicated team who undertake the day to day running of the charity, who are the Secretary/Treasurer, the Warden and one relief Warden. In addition, the Trustees represent a wide spectrum of abilities both professional and pastoral and are called upon regularly to give of their expertise.
## **Relationships with related organisations**
The Trustees encourage close liaison with Orbit South Housing Association, Social Services, The Local Authority, The Almshouse Association and other similar organisations.
## **Objects**
The objects of the Homes are to provide secure and inexpensive accommodation for the benefit of the elderly, worthy residents of Margate, and to provide for them a caring and happy environment in which to live.
The trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Homes’ aims and objectives and in planning future activities.
## **Activities of the charity**
The Trustees have adopted an ongoing policy for repair and refurbishment of the residential accommodation particularly having regard to the age and design of the properties. Residential units are being upgraded in accordance with current standards and conditions and the Trustees are mindful of their responsibilities in ensuring the well-being and security of the residents. Several properties have been fully refurbished throughout the year as they became vacant. The Quinquennial Inspection was carried out in 2022 and works are underway as recommended in the report.
The Residents’ Lounge has continued to see good usage since it was reopened in March 2022 when COVID19 restrictions were finally lifted. The residents have enjoyed regular coffee mornings, film afternoons and bingo evenings. Children from a local school came to lead carol singing with the residents and are keen to come again. There have been two well attended Afternoon Tea parties organised by a group of residents to raise money for charity. There was also a highly successful Coronation party in the Lounge and grounds, complete with entertainment. Family and friends were invited to come along, and a lovely time was had by all. Christmas lunch at a local restaurant was well attended with over 90% of residents joining the staff, and it was possible to offer a subsidised meal to residents due to a generous donation. Plans are now being made for various Christmas activities including lunch and a party.
-2-
## **THE ALEXANDRA HOMES**
## **TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2023 (CONT)**
## **Financial review and investment policy**
The principal income of the charity is from weekly maintenance contributions from the residents, supplemented by investment income, rent received from a property investment, and voluntary donations. The trustees consider that generally the charity’s incoming and outgoing resources are well structured and suitable to ensure the continued successful running of the homes.
The Trustees maintain a wide range of investments on the stock market and endeavour to maintain a policy of approximately 40% - 45% in fixed interest with the balance in equities.
The investments are regularly reviewed by the stockbrokers, and they assure us of the quality of the investments held. To facilitate investment management, the registration of the investments is held in a nominee company of the stockbrokers.
## **Reserves Policy**
It is the policy of the Charity to maintain unrestricted funds, which are the free reserves (excluding investments) of the Charity, at a level that equates to approximately six months unrestricted expenditure. This provides sufficient funds to cover management, administration and support costs.
## **Risk Management**
The Trustees have considered the major risks to which the charity is exposed, particularly those related to the operations and finances of the charity and are satisfied that systems are in place to mitigate our exposure to the major risks.
.
## **Trustees’ responsibilities in relation to the financial statements**
The trustees are responsible for preparing the Trustees Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures
- disclosed and explained in the financial statements.
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Trustees and signed on their behalf by:
……………………………
P Graham, Chairman Date:
-3-
## **THE ALEXANDRA HOMES**
## **INDEPENDENT EXAMINER’S REPORT**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 30 September 2023 which are set out on pages 5-18
## **Respective responsibilities of trustees and examiner**
As the charity’s trustees of the Alexandra Homes you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Alexanda Homes accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Alexandra Homes as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
______________________________________
Date:
## **PETER R SMITH**
ICPA [Fellow] ACPA Dudley Gore & Co 50 Queen Street Ramsgate, Kent CT11 9EE
-4-
**THE ALEXANDRA HOMES**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 SEPTEMBER 2023**
|**UNRESTRICTED**
**RESTRICTED**
**ENDOWMENT**
**TOTAL**
**FUNDS**
**FUNDS**
**FUND**
**2023£ **
**2023£ **
**2023£**
**2023£ **
**INCOMINGANDENDOWMENTSFROM**
**Charitable activities**
Voluntary income
2
710
-
- 710
Income from investments
Investment property rent
7,819
- - 7,819
Income from investments
3 19,858
1,903
- 21,761
Income from charitable activities:
Maintenance contributions
4
163,355 - - 163,355
Other income
868 - - 868
____________________________________________________
**TOTAL INCOMINGRESOURCES**
192,610 1,903
- 194,513
____________________________________________________
**RESOURCESEXPENDED**
Charitable activities
Maintenance and overheads
5
102,116 -
102,116
Grants to residents
6
- 1,860 - 1,860
Wardens
7 28,684 - - 28,684
Support costs
8
24,651 -
- 24,651
Governance costs
9
984
-
- 984
___________________________________________________
**TOTALRESOURCESEXPENDED**
156,435 1,860
- 158,295
____________________________________________________
**NETINCOMING/[OUTGOING] **
**RESOURCES FOR THE YEAR **
36,175
43 - 36,218
Gain/(loss) on investments 12 8,777 (17) 8,760
Gain on freehold property investment 5,000 - 5,000
Transfers between funds
- - - -
____________________________________________________
**NET MOVEMENT IN FUNDS**49,952 43 (17) 49,978
**RECONCILIATION OFFUNDS**
Transfers between funds
- -
- -
Total funds brought forward
764,127 1,485
27,438 793,050
___________________________________________________
**TOTALFUNDSCARRIEDFORWARD**
814,079
1,528 27,421 843,028
___________________________________________________
|**TOTAL**
**2022£ **
680
9,180
21,113
145,606
643
________
177,222
________
143,856
2,760
29,651
22,157
984
________
199,408
________
(22,186)
(61,258)
25,000
-
________
(58,444)
-
851,494
________
793,050
________|
|---|---|
-5-
## **THE ALEXANDRA HOMES**
## **BALANCE SHEET AT 30 SEPTEMBER 2023**
|**UNRESTRICTED**
**RESTRICTED**
**ENDOWMENT**
**TOTAL**
**FUNDS**
**FUNDS**
**FUND**
**2023£ **
**2023£ **
**2023£**
**2023£ **
**FIXEDASSETS**
Tangible assets
13
76 - - 76
UK investments
14 768,955 -
26,472 795,427
_____________________________________________________
769,031 -
26,472 795,503
_____________________________________________________
**CURRENTASSETS**
Debtors
15
6,198 -
-
6,198
Cash at bank and in hand
16
43,712
3,388
949 48,049
____________________________________________________
49,910 3,388
949 54,247
**CREDITORS**
Amounts falling due
within one year
17
4,862 1,860 - 6,722
____________________________________________________
**NET CURRENT ASSETS**45,048
1,528 949
47,525
____________________________________________________
**TOTAL NET ASSETS**
814,079 1,528
27,421 843,028
____________________________________________________
**FUNDS**
814,079
1,528 27,421 843,028
____________________________________________________|**TOTAL**
**2022£ **
101
783,080
________
783,181
________
7,646
39,852
________
47,498
37,629
________
9,869
________
793,050
________|
|---|---|
||793,050
________|
These accounts were approved by the Management Committee on and signed on their behalf by:
P Graham (Chairman)
S-J Locking (Secretary/Treasurer)
-6-
**THE ALEXANDRA HOMES**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2023**
## **1. ACCOUNTING POLICIES**
## **Statement of compliance**
The financial statement of the charity, which is a public benefit entity under FRS102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)’, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland’, the Charities Act 2011 and the Church Accounting Regulations 2006. The financial statements have also been prepared under the historical cost convention with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
**Financial Reporting Standard 102 – reduced disclosure exemptions**
The charity has taken advantage of the following disclosure exemption in preparing these financial statements as permitted by FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland: - the requirement of section 7 Statement of Cash Flows.
- the requirement of Section 3 Financial Statement Presentation paragraph 3.17(d)
## **Expenditure**
All expenditure is included in full in the Statement of Financial Activities on an accruals basis. All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably.
## **Income**
Income is recognised on an accruals basis and when the charity is legally entitled to the income. No income is included net of expenditure. Rent is deferred if it is received in respect of the following accounting year. No other income is not deferred.
## **Investment income**
Investment income is accounted for in the period in which the charity is entitled to receipt. Income from the endowment funds is restricted.
## **Legacies**
Legacies are included when they become receivable. This is defined as being when there is sufficient certainty of receipt and the value can be measured with reasonable certainty.
## **Tangible fixed assets and depreciation**
The Alexandra Homes have been fully depreciated to a nominal value of £1. Equipment costing approximately £150 or more is capitalised and depreciated at 25% reducing balance.
-7-
**THE ALEXANDRA HOMES**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 (CONT.)**
## **Fixed asset investments**
All investments are professionally valued at the balance sheet date and the freehold investment property is valued by the trustees to reflect fair value, subject to the existing tenancy. Any gain or loss on revaluation is taken to the Statement of Financial Activities.
## **Funds**
Details of the nature and purpose of each fund is set out in note 18.
## **Going concern**
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
## **Accounting estimates and judgements**
No significant judgements have been made by management in preparing these financial statements.
## **Financial instruments**
The charity only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
## **2. SUBSCRIPTIONS AND DONATIONS**
|
Bequest s
Other subscriptions and donations
**3. INVESTMENT INCOME**
Dividends and interest Unrestricted
Restricted
Bank deposit interest Unrestricted
Restricted
|**2023**
**£**
-
710
______
710
______
**2023**
**£**
19,727
1,903
131
-
______
21,761
______
|**2022**
**£**
-
680
______
680
______
**2022**
**£**
19,206
1,903
4
-
______
21,113
______|
|---|---|---|
-8-
**THE ALEXANDRA HOMES**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 (CONT.)**
## **4. MAINTENANCE CONTRIBUTIONS**
||**2023**|**2022**|
|---|---|---|
||**£**|**£**|
|Residents of Alexandra Homes|163,355|145,606|
|Others|-|-|
||______|______|
||163,355|145,606|
||______|______|
|**5. MAINTENANCE AND OVERHEADS**|||
||**2023**|**2022**|
||**£**|**£**|
|General repairs and upkeep of grounds|69,010|106,209|
|Depreciation|25|36|
|Water rates|6,703|5,679|
|Council tax|188|227|
|Insurance|3,699
|3,520|
|Lighting and heating|20,699|26,230|
|Emergency call system warranty and monitoring|1,792|1,955|
||______|______|
||102,116|143,856|
||______|______|
|**6. GRANTS**|||
||**2023**|**2022**|
||**£**|**£**|
|Grants distributed to residents from:|||
|Barker Trust restricted funds|1,860|2,760|
||______|______|
||1,860|2,760|
||______|______|
|**7. WARDENS**|||
||**2023**|**2022**|
||**£**|**£**|
|Warden’s salary|22,065|20,249|
|Relief wardens|5,516|8,390|
|Employer’s pension|1,103|1,012|
||______|______|
||28,684
______|29,651
______|
-9-
**THE ALEXANDRA HOMES**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 (CONT.)**
## **8. SUPPORT COSTS**
|**8.SUPPORT COSTS**|||||
|---|---|---|---|---|
||**UNRESTRICTED**|**RESTRICTED**||**TOTAL TOTAL**|
||**FUNDS**|**FUNDS**|||
||**2023£ **|**2023**|**£**|**2023£ 2022 £ **|
|Secretary’s remuneration|14,586||-|14,586 13,272|
|Employer’s pension|729||-|729 664|
|Printing and stationery|322||-|322 253|
|Telephone|870||-|870 791|
|Bank charges|319||-|319 347|
|Stockbroker’s nominee service fees|6,113||-|6,113 5,340|
|Computer costs|689||-|689 226|
|Professional fees|-||-|- 486|
|Subscriptions|352||-|352 402|
|Sundries|671||-|671 376|
||_______________________________________ _______||||
||24,651||-|24,651 22,157|
_______________________________________ _______
## **9. GOVERNANCE COSTS**
|
Honorarium (Independent examiner)
|**2023**
**£**
984
______
984
______
|**2022**
**£**
984
______
984
______|
|---|---|---|
## **10. STAFF COSTS AND TRUSTEE’S REMUNERATION**
|**2023**
**£**
Salaries (notes 7 & 8)
42,167
Pension costs (notes 7 & 8)
1,832
______
43,999
______
|**2022**
**£**
41,911
1,676
______
43,587
______|
|---|---|
The average number of staff during the year (on a full time equivalent basis) was two. There is one part-time secretary, one full time warden and one part-time warden. No employee earned more than £60,000. Trustees received no benefits. No remuneration has been paid or is payable to any trustee or any persons connected to them.
-10-
**THE ALEXANDRA HOMES**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 (CONT.)**
## **11. INDEPENDENT EXAMINER’S HONORARIUM**
The charity pays an honorarium to the independent examiner in relation to the accountancy services provided and the independent examination (note 9).
## **12. GAINS/(LOSSES) ON INVESTMENTS**
|
**Revaluation of investments:**
Investments: Unrestricted funds
Barker Trust endowment fund
**Sales of investments:**
Investments: Unrestricted funds
Barker Trust endowment fund
|**2023**
**2022**
**£**
**£**
8,210
(52,609)
(17)
(8,511)
567
(138)
-
-
______
______
8,760
(61,258)
______
______|
|---|---|
## **13. TANGIBLE FIXED ASSETS**
Freehold land and buildings of the Alexandra Homes are included in the accounts at a nominal written down value of £1.
||**Equipment**|
|---|---|
||**£**|
|Cost brought forward|1,550|
||______|
|Depreciation brought forward|1,449|
|Charge for the year|25|
||______|
|Carried forward|76
______|
-11-
**THE ALEXANDRA HOMES**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 (CONT.)**
## **14. UK INVESTMENTS**
**FREEHOLD INVESTMENTS TOTAL INVESTMENT PROPERTY**
|**FAIR VALUE MARKET VALUE**
**££**
At 1 October 2022
250,000
540,427
Fair value movement 5,000
Acquisitions at cost -
Disposals at brought forward market value -
Unrealised gain/(loss) on year end revaluation -
______________________
**Total**
255,000
540,427
______________________
|**£**
790,427
5,000
______
795,427
______|
|---|---|
A full schedule of investments is shown on page 15
The above investments are held to provide an investment return for the charity, rather than being part of its charitable activities.
## **15. DEBTORS**
|
Sundry debtors
Maintenance contribution debtor
Prepayments
**16. CASH AT BANK AND IN HAND**
Lloyds TSB current account
Lloyds TSB instant access accounts
Held by stockbrokers
Cash in hand
|**2023**
**£**
3,608
-
2,590
______
6,198
______
**2023**
**£**
9,148
38,885
-
16
______
48,049
______
|**2022**
**£**
5,449
-
2,197
______
7,646
______
**2022**
**£**
11,074
28,753
-
25
______
39,852
______|
|---|---|---|
-12-
**THE ALEXANDRA HOMES**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 (CONT.)**
## **17. CREDITORS**
Amounts falling due within one year
|
Accrued expenditure
Reserve for grants
Received in advance
|**2023**
**£**
4,862
1,860
-
______
6,722
______
|**2022**
**£**
35,769
1,860
-
______
37,629
______|
|---|---|---|
## **18. FUNDS**
Movement on funds:
Balances at 30 September 2023 are represented by:
|
**Unrestricted Funds**
General funds
Appeal fund
Fair value reserve
**Restricted funds:**
Barker Trust
Anne Groom
**Endowment Fund:**
Barker Trust
Anne Groom
**Total funds**|**NET GAIN/(LOSS)**
**AS AT**
**INCOMING**
**ON**
**TRANSFERS**
**AS AT**
**1/10/2022 RESOURCES**
**INVESTMENTS**
**30/09/2023**
606,627 36,175 8,777 - 651,579
- - - - -
157,500 5,000 - - 162,500
1,485 43 - - 1,528
- -
27,438 - (17) - 27,421
- - - - -
_________________________________________________________________________________
793,050 41,218 8,760 - 843,028
________________________________________________________________________|
|---|---|
Balances at 30 September 2022 are represented by:
||**NET**|**GAIN/(LOSS)**|||
|---|---|---|---|---|
||**AS AT**
**INCOMING**|**ON**
|**TRANSFERS**|**AS AT**|
||**1/10/2021 RESOURCES**|**INVESTMENTS**||**30/09/2022**|
|**Unrestricted Funds**|||||
|General funds|681,195 (21,329)|(52,747)|(492)|606,627|
|Appeal fund|- -|-|-|-|
|Fair value reserve|132,500 25,000|-|-|157,500|
|**Restricted funds:**|||||
|Barker Trust|1,850 (857)|-|492|1,485|
|Anne Groom|-|||-|
|**Endowment Fund:**|||||
|Barker Trust|35,949 -|(8,511)|-|27,438|
|Anne Groom|- -|-|-|-|
||_________________________________________________________________________________||||
|**Total funds**|851,494 2,814|(61,258)|-|793,050|
________________________________________________________________________
-13-
## **THE ALEXANDRA HOMES**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2023 (CONT.)**
## **18. FUNDS (CONTINUED)**
Balances at 30 September 2023 are represented by:
|
**Unrestricted Funds**
General funds
Appeal fund
Fair value reserve
**Restricted funds:**
Barker Trust
Anne Groom
**Endowment Fund:**
Barker Trust
Anne Groom
**Total funds**|**TANGIBLE FIXED ASSET CASH AT**
**ASSETS INVESTMENTS DEBTORS**
**BANK**
**CREDITORS**
**TOTAL**
76 606,455 6,198 43,712 (4,862) 651,579
- - - - - -
- 162,500 - - - 162,500
- - - 3,388 (1,860) 1,528
- - - - - -
- 26,472 - 949 - 27,421
- - - - - -
_________________________________________________________________________________
76 795,427 6,198 48,049 (6,722) 843,028
________________________________________________________________________|
|---|---|
Balances at 30 September 2022 are represented by:
|
**Unrestricted Funds**
General funds
Appeal fund
Fair value reserve
**Restricted funds:**
Barker Trust
Anne Groom
**Endowment Fund:**
Barker Trust
Anne Groom
**Total funds**|**TANGIBLE FIXED ASSET CASH AT**
**ASSETS INVESTMENTS DEBTORS**
**BANK**
**CREDITORS TOTAL**
101 599,091 7,646 35,558 (35,769) 606,627
- - - - - -
- 157,500 - - - 157,500
- - - 3,345 (1,860) 1,485
- - - - - -
- 26,489 - 949 - 27,438
- - - - - -
_________________________________________________________________________________
101 783,080 7,646 39,852 (37,629) 793,050
________________________________________________________________________|
|---|---|
The Barker Trust was founded by Will and Codicils of William Barker proved in February 1877. The income of the Trust is to be applied first in lighting with gas the lamp placed by the Testator in the Alexandra Homes. Secondly in supplying in the months of April and October in every year to everyone in the Homes a half chaldron of coke to be broken and delivered to the residents and then to pay and apply in money the annual income of the Trust among the residents of the Alexandra Homes in such proportion as the Vicar of St John the Baptist, Margate and the Trustees of the Homes might think best.
In previous years the committee designated some funds towards an Appeal Fund in respect of the modernisation of the property.
-14-
## **THE ALEXANDRA HOMES**
## **SCHEDULE OF INVESTMENTS AT 30 SEPTEMBER 2023**
|
**Fixed interest securities**
63,579 Aberdeen Standard Fund Global Index Linked Bond
35,164 Aberdeen Standard Fund Inv Grade Corp Bond
19,800 Liontrust Monthly Income Bond
25,583 M&G Corporate Bond Sterling Inc
23,662 M&G Global Macro Bond PP Inc
18,650 Treasury Stock 4.125% Index Linked 2030
170
Bluebay Funds Management
**Ordinary shares**
4,900 Allianz Technology Trust
7,500 Ruffer Investment Co Preference shares
12,200 Greencoat UK Wind plc
35,000 Artemis Global Income Inst Inc
45,000 Bankers Investment Trust
2,500 Brunner Investment Trust
3,250 BP Ord US $0.25
750
Diageo Plc 28.94p
400
GlaxoSmithKline Plc 25p
3,800 Henderson Far East Income Ltd
1,500 HSBC Holdings
8,000 Murray International Trust Plc
2,200 Murray Income Trust Plc
100
Novartis
700
Royal Dutch Shell ’B’
225
Unilever Plc
14,500 Lowland Inv Co
350 Admiral Group
8,000 Vodafone
2,000 City of London Investment Trust
**Fixed interest securities (Barker Trust)**
12,000 Standard Chartered Plc 7.375% Non-cum Irred Pref
11,000 Lloyds Banking Group 9.25% Preference
**Total**
|2023
Market value
30,550
15,145
15,302
20,697
19,337
63,229
14,499
________
£178,759
__________
12,814
20,175
17,080
39,088
43,605
26,500
17,271
22,755
5,968
8,360
9,674
19,000
18,326
8,407
18,242
9,140
16,385
8,320
6,146
7,940
________
£335,196
__________
12,210
14,262
________
£26,472
__________
£540,427
__________|
|---|---|
-15-
**THE ALEXANDRA HOMES**
## **SCHEDULE OF INVESTMENTS AT 30 SEPTEMBER 2022**
|
**Fixed interest securities**
63,579 Aberdeen Standard Fund Global Index Linked Bond
35,164 Aberdeen Standard Fund Inv Grade Corp Bond
19,800 Liontrust Monthly Income Bond
25,583 M&G Corporate Bond Sterling Inc
23,662 M&G Global Macro Bond PP Inc
18,335 CT Investment Funds Sterling Corp Bond
18,650 Treasury Stock 4.125% Index Linked 2030
**Ordinary shares**
4,900 Allianz Technology Trust
7,500 Ruffer Investment Co Preference shares
12,200 Greencoat UK Wind plc
35,000 Artemis Global Income Inst Inc
45,000 Bankers Investment Trust
2,500 Brunner Investment Trust
3,250 BP Ord US $0.25
1,000 Diageo Plc 28.94p
400
GlaxoSmithKline Plc 25p
3,800 Henderson Far East Income Ltd
1,500 HSBC Holdings
1,600 Murray International Trust Plc
2,200 Murray Income Trust Plc
100
Novartis
700
Royal Dutch Shell ’B’
225
Unilever Plc
14,500 Lowland Inv Co
350 Admiral Group
8,000 Vodafone
500
Haleon
**Fixed interest securities (Barker Trust)**
12,000 Standard Chartered Plc 7.375% Non-cum Irred Pref
11,000 Lloyds Banking Group 9.25% Preference
**Total**
|2022
Market value
32,578
14,583
14,798
19,883
21,700
14,844
61,346
________
£179,732
__________
10,903
21,600
18,361
37,118
43,155
23,450
14,076
37,975
5,223
10,032
7,010
18,720
16,368
6,874
15,725
8,930
15,152
6,701
8,090
1,396
________
£326,859
__________
12,162
14,327
________
£26,489
__________
£533,080
__________|
|---|---|
-16-