REGISTERED CHARITY NUMBER: 211836 Report of the TTUStees and Unauditod Flnanclal Statemènts for the Year Ended 31 Dgcgmber 2023 for GORING HEATH CHARITIES - THE ALLNUTT AND BAKER ALMSHOUSE AND EDUCATIONAL TRUST Knox Cropper LLP Chartered Accountants 153 -155 London Road Hemel Hempstèad H&rtrordshire HP3 9SQ
GORING HEATH CHARITIES - THE ALLNUTT AND BAKER ALMSHOUSE AND EDUCATIONAL TRUST Chalrman's Roview for the Year Ended 31 Dgcember 2023 Our rasidgnts continue to hav6 a go¢)d community spirit enjoying outings, barbecue and communal teas as well as lending their allotments. We also had a residgnts and Trustee aftemoon tea in the Autumn which was well received and will be repeated during 2024. Sadty. one of our wunger residents died suddenly durlng the year, leaving his wdow, to whom we provided appropriate support for her loss. Our programme of planned maintenance continues to keep abreast of day-to-day painting and repr issues that inevitably arise on buildings of age. We have also commenced a longer.tenn project lo review and inspect all the plumbing and water pipes in the buildings as these have not had much attention in re¢8nt yoars. This will also look at the long-term option for replacing the biomass boilers when they reach their and of life in 10 -12 years. We also continued Ihe felling programme to [8m0 the small number of ash trees that W8r8 subject lo ash die back. The Charity beneftied from a very generous donation and grft which was made in memory of the wfe of one of our congregation members. Part of this was used to refurbish the altar rail in the Chapel and a small plaque was added to recognise this munificent donation. The rail was rededicated by the Bishop of Dorchester al the Patronal festival in AugusL As always. my fellow Trustees. together lan Gair, Belinda Clarke, and Peter Dewey have worked hard to preserve. maintain and improve th8 faciltties and ambience of the Almshousgs and our estate, and my thanks are due lo them and the lime they generously commit lo the Charity. Pag8 1
GORING HEATH CHARITIES- THE ALLNurr AND BAKER ALMSHOUSE AND EDUCATIONAL TRUST Roport of tho Trustges for tho Year Ended 31 Docgmbor 2023 The truste8s present their raport wth the financial slatemgnts of the charity for the ygar onded 31 Dec8mb8r 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities." Statement of Recommended PraGlice applicable to charities preparing their accounts in accordance with the Financial Reporting Standar(I applicable in the UK and Republic of Ireland {FRS 102) (effective 1 January 2019}. OBJECTIVES AND ACTIVITIES Objectives Goring Heath Charities prowdes accommodallon for retired, or soon to be retir8d, men and womèn who have a local connection in the area of benefit as set out in the Charity Commission Scheme Document cf 21 st July, 1997. Applications are wel¢om8d from all eligibl8 persons. We aim to provide for our rgsidenls Comfortable. woll-maintained and affordable homes, together with communal facilities and support, wthin a friendly ¢ommunity and in a rural setlng. Benefits and adlviti8s We have Iwelve almshouses, providing accommodation for both slngle people and pIes. A number of the almshousos are built around a courtyard which includes. as a central feature, the Chapel. Our principal buildings are Grade I listed. The Cha1 is open to the public as well as residents and regular seiCe8 are condueled by the Chaplain. Other facilities indudè a common room. swal aGtivities organised by the Residents and our Warden. A number of residents also greauy enjoy 18nding the allotments which are available. Residents pay maintenance contributions and fuel charges, but these are subsldlsed from the rental and investment income of the Charity and any r8sidents in need can obtain Universal Credit or housing benefit in respect of maint&nance and fuel contributions. Public beneflt The Iruslees of the Charity have had regard lo the Charity Commission's guidanGe on "public benefit" when exarcising powers under the Charitys object. Our main activities and whom we aim to help are described above. Ail our activities are undertaken lo further our charfiable purposes for the publi¢ benefit. Page 2
GORING HEATH CHARITIES - THE ALLNUTh AND BAKER ALMSHOUSE AND EDUCATIONAL TRUST Report of thè Truslggs for th8 Yoar Ended 31 December 2023 FINANCIAL REVIEW Reserves and investrngnt pollcy In a typical year, resources expend&d are greater than the income from our residents Mth the shortfall being met from investment and rental income The Chartty therefore holds a range of propety and finan¢ial investments, which generate the necessary Income. Non-propety investments are Managed by professional fund managers who have delegated authortty to act withln conslrainls specified by the Iruslees. The investment managers are charged with maximising investment incx)me subjacl to maintaining good ¢apital growth by investing in managed Gharity funds in the UK and overseas. At 31st December 2023, our investments tolalled £960,650 compared with £887.684 at 31st December 2022. Bonds and cash accounted for about 27% of our portrolio - with 56% being invested in èquiti9s, 3Yo in prc¢)erty funds ané 140/0 in alternative investments. R&sults for lh• ygar W& maintained a satisfactory flnanclal position during 2023. Income exeeeded exwndilure and we opfjratgd within our budget. We finished the ar with total funds of over £2.16 million, compared with £2.09 million al 31$1 Dember 2022. The increase is allributable lo the increase in the value of our investrrtenls as discussed above. Residents fuel charges were again increased in 2023, as exlem81 fuel costs rose significantly with inflallon. We LX)ntinue lo monitor fuel costs genèrally, in 2024 our 6le¢tricity contract raquires renewal and we have budgeted for a slgnificant increase in Gosl of this essential utilty. Pag& 3
GORING HEATH CHARITIES- THEALLNUTh AND BAKER ALMSHOUSE AND EDUCATIONAL TRUST Report of the Trusteès for the Yoar Ended 31 Decomb•r 2023 STRUCTURE. GOVERNANCE AND MANAGEMENT Govoming document Goring Heath Charities is regulated by a $¢heme of the Charity Commissioners dated 22nd January, 1988 and is administered by a body of Iruslees who are listed L*low. Governanc9 and managèmgnt The trustees are responsible for the strategic direction of Charity. They take dectsions importsnl issues such as the appointment of residents, investments and maintenance of and improvements to the property. They meet regularty each quarter and receive regular r8ports from the Clerk, the Chaplaln and the Walden. Day to day adminislralion is in the hands of th& Clerk. Th8 Warden and the Chaplain provide pastoral ¢are and support for the r8sid8nts. The Warden also has day-to-day responsibility for facilities man4emenl. Trustees have Ular contact I1h residts includin9 in Chapel and on social occasions. In addition to their collective responsibility for the direction of the Charity, individual trustees take on dirrerent responsibilities in connection with Ihe maintenance and enhancement of the estste. the pastoral care of the residents. the promotion of the Charity, fundraising and financial matters and in support of the Clerk, Chaplain and Warden. Recruitment and appointment of now trustees Th8 trustees seek to ensur& that beeen them they have thg range of 8xpertise and experience required lo ensure the effective running of the Amshouses {e.g., relating to property matters. eslate management and finance). When a vacancy occurs. Ihey seek out candidates. with the appropriate skills and experience. from the local community. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charlty number 211836 Principal addr8 The Offi¢e Almshouses Goring Heath Oxfordshire RG8 7RS Trustees Garry Forster (Chairman) Nick Henry Ann Knee-Robinson James Madachlan Martina Platts Peter Buckley (appcinled 2410112024> Indfrpendent Examlner Stephen Anderson FCCA Knox Cropper LLP Chartèr8d A¢cwntants 153 -155 London Road Hemel Hempstead Hertfordshire HP3 9SQ Clerk to the Trustees Belinda Clarke Page 4
GORING HEATH CHARITIES - THE ALLNUTT AND BAKER ALMSHOUSE AND EDUCATIONAL TRUST Report of tho Trusteas for tho Year Ended 31 Docomber 2023 REFERENCE AND ADMINISTRATIVE DETAILS Chaplain The Reverend Peter Dewey Warden lan Gair Approved by order of the board of Irusl8es on 19 July 2024 and signed on its behalf by.. M8rtlna Platts - Trustee /q.?.I Page 5
Indendont Examiner's Report to the Trustoes of Goring Heath Charities-Tho Allnutt and Baker Almshouse and Edu¢atlonal Twst Independent examlnevs report lo the trusts•s of Gorlng H•ath Charltles Almshouse and Educational Trust I report to the charity trustees on my 8xaminalion of the accounts of Goring Heath Charities - The Allnutt aNJ Baker Amshouse and Educatlonal Trust Ithe Trust) for th& year ended 31 D8C8mber 2023. The Allnutt and Bakgr Responsibilltles and basls of report As the charity trustees of the Trust you are responsible for the preparalon of the accounts in accordance with the r8qulrem8nls of the Charities Act 2011 {'Ihe Act'l. report in respect of my ex8mination of the Trust's accounts carried out under Section 145 of the Acl and in ¢arryirbg out my examination I have followed all applicable Directions given by the Charty Commission undar SeJion 145{5llb) ol the Act. Indèpendent examlner's statemgnt I have completed my examination. I confirm that no material matters have come to my attention in ¢onneclion wth the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Trusl as required by Section 130 of the Act., or the accounts do not accord with those records,. or the accounts do not comply with the applicable requirements concerning the form and conlenl of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the a¢¢ounts give a true and fair vigw which is not a matt8r considered as part of an independent examin2lK>n. I have no concems and have come across no other matt8rs in connection with the examinats'on lo 1¢h attention should be drawn in this report in order to enable a proper understsnding of the accounts lo b8 rgaGhfjd. Stephen Anderson FCCA Knox Cropper LLP Chartered Accountsnts 153 -155 London Road Hemel Hempstead Herffordshire HP3 9SQ 19 Juty 2024 Page 6
GORING HEATH CHARITIES- THE ALLNurr AND BAKER ALMSHOUSE AND EDUCATIONAL TRUST Stattrment of Financlal Actlvltle$ for tho Yoar Endod 31 December 2023 2023 Totsl funds 2022 Total funds Unrestricted funds ReStrted funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 10,857 3.779 14.636 6.050 Charitable actlvities Income from residents 104.389 104.389 89,456 Other trading activitles Investment income Other inwme 21,150 90.029 1,738 21,150 90,635 1.738 18.215 89.790 1,561 606 Total 228,163 4.385 232,548 205,072 EXPENDITURE ON Raising funds 4,312 619 4,931 4,911 Charltable actlvities Expenditure on Ajmshouses and other propety Chapel expenditure 181.191 1.238 18.656 182.429 18.656 154,599 14,945 Total 185,503 20,513 206,016 174,455 Net gainsl(bss&sl cn investments 35,579 5.233 40,812 {120,821} NET INCOMEI{EXPENDITURE} Transfers betwaen funds 78,239 115.9521 (10.895) 15.952 67,344 190,2041 15 Net mov*ment in funds 62,287 5,057 67.344 {90.204) RECONCILIATION OF FUNDS Total funds brought forward 1,869.464 220,688 2.090.152 2.180.356 TOTAL FUNDS CARRIED FORWARD 1,931.751 225,745 2,157.496 2,090,152 The notes form part of these financial stslemenls Pagg 7
GORING HEATH CHARrriES - THE ALLNUTT AND BAKER ALMSHOUSE AND EDUCATIONAL TRUST Balance Sheot 31 Decemb•r 2023 2023 Total funds 2022 Total funds Unrestricted funds Restricted funds Notes FIXED ASSETS Tangible assets Investments 11 12 1,057.234 838,673 103,768 121.977 1,161,002 960,650 1.175,958 887,684 1,895,907 225,745 2,121,652 2,063,642 CURRENT ASSETS Debtors Cash at bank 13 7,722 33,999 7.722 33,999 5.228 27,767 41.721 41.721 32.995 CREDITORS Amounts falling due within one year 14 (5,8771 (5,87T) 16,485) NET CURRENT ASss 35,844 35,844 26,510 TOTAL ASSEfs LESS CURRENT LIABILITIES 1.931,751 225,745 2,157,496 2,090.152 NET ASSETS 1,931,751 225,745 2,157,496 2,090.152 FUNDS unr8slrict8d funds Restricted funds 15 1,931.751 225.745 1.869,464 220,688 TOTAL FUNDS 2,157,496 2,090,152 The fInarla1 statements were approved by the Board of Trustees and authorised for issue on 19 July 2024 and were Sign on its b8half by.. rry Forster- Trustee Martina Platts - TnJst88 /q.l.14. The notes form part of these financial stalemenls Page 8
GoNG HEATH CHARITIES - THE ALLNUTT AND BAKER ALMSHOUSE AND EDUCATIONAL TRUST Notes to thg Financlal Statements for tho Year Ended 31 Decamber 2023 ACCOUNTING POLICIES Basis of preparing th• financial statemonts The financial statements of the oharily, which is a public bengfit entity under FRS 102, have been prepared in accoréanee with the Charities SORP IFRS 102) 'Accounling and Reporting by Charities= Statement of Recommended Practi¢e applicable lo chartties preparing th8ir accounts in aordanCe with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) {effective 1 January 2019),, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic gf Ireland, and the Gharilies Act 2011. The financial statements have been ppared under the historical cost Convention, with Ihe axeeption of inveslm8nls which are included at market value, as modified by the revaluation of cgrtain assets. Financlal roporting standard 102 - redueéd dlsclosure exemption¥ The charity has taken advantag8 of the following disclosure exemption in preparing these financlal stalem8nts, as pemiitted by FRS 102 'The Financial Reporting Standard applicable in Ihe UK and Reput4ic of Ireland,: the requirements of Section 7 Statement of Cash Flows. Income All income is recognised in the StatÈm8nt of Financial Activiti•s once the charity has enliJ8ment to the funds, it is probable that the income wll be received and the amount can b• measured reliably. Expendire Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation wmmittiThJ fhe chartty to that expenditur8, it is probable that a transfer of eeonomic benefits wll be required settlement and the amount of the obligation can be measured reliably. ExpendIlU is accounted for on an accruals basis and has been classified undèr headings that aggregate all cost related to the Category. Where costs cannot be dire¢lly attributed lo particular headings they have been allocated to actl¢le8 on a basis consi9tent bmth the use of r&sourcgS. Tangible fSxed assets DepreatIon is provided at the following annual rates in order to write off each asset over its estimated useful life. Properties Converslon costs Other authorlsed improvements Chapel and Almshouses furniture and equipment 1%on cost 1 Yts on cost 100/0 on cost and 1V/o on cost 2501¢ on cost Taxation The charty is exempt from tax on its charitable aclivlties. Fund ac¢ountlng Unrestricted funds can be used in accordance with the charitable objectiV8s al the discretion of the truste8S. Reslricled lunds can only be used for particular restri¢led purposes within the objects of the charty. Restrictions arise when $pecrfied by the donor or wherb funds ar8 raised for particular restricted purposes. Furthei explanation of the nature and purpose of each fund is included in the notes to the financial statements. Pension c¢>sts and othèr post-retlrement beneflts The charity op8rates a defined contribution pension scheme. Contributions payable to the chartws pension scheme aro charged to the Slatemenl of Financial Activities in the perlod lo which they relate. Page 9 conts'nu6d...
GORING HEATH CHARITIES- THE ALLNUTT AND BAKER ALMSHOUSE AND EDUCATIONAL TRUST Notes to the Financial Statgmgnts - continuèd for the Year Ended 31 December 2023 ACCOUNTING POLICIES - continu•d Golng ¢onc•m After reviewng the charills forecasts and projections, the trustees have a r&asonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The charty therefore continues to adopt the going concem basis in preparing the financial statements. OTHER TRADING ACTIVITIES 2023 2022 Rgngwable Heat Incentive 21.150 18,215 INVESTMENT INCOME 2023 2022 Rent- The School House Rent- Allnutt House Rent- Woodland Cottage Rent- Grazing Divhlends Deposit account interest 14161 49,200 13.035 702 13,114 423 14.680 48,750 12.376 2,400 11.539 45 90,635 89.79) RAISING FUNDS Invostm•nl management costs 2023 2022 Portrolio managem8nt 4,931 4,911 CHARITABLE ACTMTIES COSTS Direct Costs Isee note 6) Support costs (see note 71 Totals Expenditure on Almshouses and other property Chapel expenditu 163,931 18,656 18,498 181429 18.656 182.587 18,498 201,085 Pagg 10 continued...
GORING HEATH CHARITIES- THE ALLNUTT AND BAKER ALMSHOUSE AND EDUCATIONAL TRUST Notes to th& Financial Statgmgnts - contlnued for thg Year Ended 31 December 2023 DIRECT COSTS OF CHARITABLE ACTIVITIES 2023 2022 Staff costs Fuel (oil and wood pellet) Electricity Water Council tax Insurantè Chapel expenditure Repairs and maintenance- Chapel Repairs and mainterbance - Grounds Repairs and maintenarbce - Boilers and wator Repairs and maintenance - Allnutt House Repairs and maintenance - Almshouses Repairs and maintenance - Small capital items Repairs and maintenance- Woodland Cottage Repairs and maintenance- School Hwse Repairs and maintenance- Old School Cottage Agent lettlng fees Welfare grants and donations DepreatIon 28.917 31,515 11,710 2,120 2,378 6,456 4,141 2,630 22.429 9.753 7,302 13.508 27.014 25,053 11,477 1,923 2,455 5,891 3.249 614 13.714 7,311 4.218 19.075 300 137 1,884 3.228 4,080 1,085 18,172 524 6,975 14,256 1,322 550 14.956 182,587 150,880 SUPPORT COSTS Govemanc8 costs Manag8mgnt Finance Totals Expendilure on Ajmshouses and other property 14.519 3.900 18,498 Support costs. induded in the above, are as follows= Management 2023 Expgnditure on Almshouses and other property 2022 Total activities Wages Pensions Telephone. postage, stationery & website Sundries Travelling expenses Soci81 Training fees 10.173 814 2.543 349 163 382 9S 9,478 820 2,215 317 204 538 14,519 13.572 Page 11 continu8d...
GORING HEATH CHARITIES- THE ALLNurr AND BAKER ALMSHOUSE AND EDUCATIONAL TRUST Notes to th& Financial Statements- continued for the Year Ended 31 De¢omber 2023 SUPPORT COSTS- continued Flnance 2023 Expenditure on Almshouses and other property 2022 Tolal activilies Bank Charges 79 122 Govemance costs 2023 Expenditure on Almshouses and other property 2022 Total activities Auditors, remuneration Accountancy and legal fees 4,970 3.900 3,900 4,970 TRUSTEES, REMUNERATION AND BENEFs There w8re no tru$te&s' remuneration or other benefrts for the year ended 31 December 2023 nor for the year ended 31 December 2022. Trustees, expens•$ There were no trustees, expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2022. STAFF COSTS 2023 2022 Wages and salaries Other pension costs 39,090 814 36.492 820 39.904 37,312 The average monthly number of employee5 during the year was as follows: 2023 2022 Warden and Chaplain Administration No employees rec6iv8d emoluments in excess of £60,000. Page 12 continued...
GORING HEATH CHARITIES. THE ALLNurr AND BAKER ALMSHOUSE AND EDUCATIONAL TRUST Notes to the Flnanclal Ststemgnts - continued for tho Year Ended 31 December 2023 10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES120221 Unrestricted funds Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donation$ and legacies 2.337 3,713 6,050 Charltable actlvlti$ Income from residents 89,456 89,456 Other trading acliwties Investment income other income 18.215 88,764 1.561 18,215 89,790 1,561 1,026 Total 200,333 4,739 205,072 EXPENDITURE ON Raising funds 4,268 4,911 Charitable activities Expenditure on Amshouses and other property Chapel expenditure 150,181 4.418 14,945 154,599 14,945 Total 154.449 20,006 174,455 Net gainslllossesl on investments (105,601) 115.220} (120,821) NET INCOMEI{EXPENDITURE Translers bow••n funds {59.717} {12,2721 (30,4871 12.272 {90,204) Net mov8m•nt In funds {71,9891 (18.215) 190.204) RECONCILIATION OF FUNDS Total funds brought forward 1.941,453 238,903 2,180,356 TOTAL FUNDS CARRIED FORWARD 1,869,464 220,688 2,090,152 Pag8 13 continued...
GORING HEATH CHARITIES - THE ALLNUTT AND BAKER ALMSHOUSE AJID EDUCATIONAL TRUST Note5 to the Flnanclal Statements - Gontinued for tho Yèar Ended 31 December 2023 11. TANGIBLE FIXED ASSETS Chapèl and mshouses furniture and equipment Other authorised improvements Conversion costs Properties Totals OST Al 1 January 2023 and 31 Docember 2023 730.295 192.897 1,059,144 34,837 2,017,173 DEPRECIATION At 1 January 2023 Charge for year 167.499 7,303 44.367 1,929 594,512 5,724 34,837 841.215 14,956 At 31 December 2023 174,802 46,296 600,236 34,837 856,171 NET BOOK VALUE At 31 December 2023 555,493 146,601 458.908 1,161,002 At 31 December 2022 562,796 148,530 464.632 1.175.958 12. FIXED ASSET INVESTMENTS 2023 2022 Sha$ Broker cash 924.168 36,482 818,398 69,286 960.650 887,684 Additional infonnation as follows.. Listed investments MARKET VALUE Al 1 January 2023 Addrtions Disposals Revaluations Realised gainsl(lossesl 818,398 357.164 (292,2061 31,940 8,872 At 31 December 2023 924.168 NET BOOK VALUE At 310eeember 2023 924,168 At 31 December 2022 818,398 Induded wlhin listed investments were investment assets outside the UK of £442,060 {2022.' £406,003}. Page 14 conbnued...
GORING HEATH CHARITIES - THE ALLNurr AND BAKER ALMSHouse AND EDUCATIONAL TRUST Notes to the Flnancial Statements - continued for Iho Year Ended 31 Do¢ember 2023 12. FIXED ASSET INVESTMENTS - continued The followng investments represent those holdings that, by market value, exceed s° of the total market value of the listed investment portfolios. Proportion of total Ilstod value % Market values£ 50,590 Invèstec Wealth & Investment Ltd Ishares lil PIC S&P 500 Equal Waight Ucils Holding 9365 Cost valuation at 31 December 2023 is represented by. Listsd Investments Valuation in 2023 924,168 Investments (neither listed nor unlisted) were as follows- 2023 2022 Broker cash 36,482 69,286 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Dividend accrued income Prepayments and accrued income 2,400 5.322 2,105 3.123 7,722 5,228 Page 15 continued...
GORING HEATH CHARITIES- THE ALLNUTT AND BAKER ALMSHOUSE AND EDUCATIONAL TRUST Notes to the Financlal Statements - continugd for the Year Ended 31 December 2023 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2023 2022 Accrued expenses 5.877 6,485 15. MOVEMENT IN FUNDS Net movement in funds Transfers been funds At 31.12.23 Ae1.1.23 Unrestrictéd fund$ Permanent Endowment Fund General Investment Fund Almshouse Extraordinary Repair Fund Cyclical Maintenance Fund Working Fund 1,305,647 333,627 149,103 56.682 24.405 12 20,790 2.534 6,652 48,251 1,305,659 345,708 184,334 62.607 33.443 {8.709) 32.697 1727) 139,213) 1,869,464 78.239 {15,952) 1.931.751 Re$tri¢ted funds Loan RepayTnent Fund Chapel Fund AlmslJyJse R8storalion Fund 115.751 5,220 (14.9461 (1,1691 1.006 14,946 121,977 104,937 103.768 220.688 (10,8951 15.952 225,745 TOTAL FUNDS 2.090,152 67,344 1157,496 Net movgm&nt in funds. induded in the abov8 are as follows- Incoming resour$ Resources 8xpended Gains and losses Movement in funds Unrestrlcled fvnds Permanent Endowment Fund General Irbvestment Fund Almshouse ExlraordSnary Repair Fund Cyclical Maintenance Fund Working Fund (13.073} {3.8161 18881 1322) (167,404) 13.085 15.122 1.259 6,113 12 20.790 2,534 6,652 48,251 9.484 2,163 861 215,655 228,163 1185.5031 35.579 78,239 Restri¢tod lunds Loan Repaym8nl Fund Chapel Fund Almshouse Restoration Fund 606 3,779 (619) (18,725) {1,169) 5,233 5,220 114,9461 (1.1691 4,385 120,513) 5,233 110,895) TOTAL FUNDS 232,548 1206.016) 40,812 67.344 Page 16 continued...
GORING HEATH CHARITIES- THE ALLNUTh AND BAKER ALMSHOUSE AND EDUCATIONAL TRUST Notes to tha Financial Statements - continued for the Year Ended 31 Docomber 2023 15. MOVEMENT IN FUNDS- contlnued Comparatives ftir movement In funds Net movement n funds Transfers beeen funds At 31.12.22 At1.1.22 Unrestrlcted funds Pemianenl Endowment Fund General Investment Fund Almshouse Extraordinary Repalr Fund Cyclical Maintenance Fund Working Fund 1,350,909 380,263 153,703 63.462 {6.884) 145.2621 138.905) 122,833} 16,1411 53,424 1,305,647 333,627 149.103 56,682 24,405 (7,7311 18.233 {6391 {22,1351 1,941,453 (59.7171 112.2721 1.869,464 Restricted funds Loan Repayment Fund Chapel Fund Almshouse R8storali)n Fund 129,581 114,836) {11,266) 14,3851 1,006 11,266 11 S.751 109,322 104,937 238,903 130,487) 12.272 220,688 TOTAL FUNDS 2.180,356 190,204} 2,09),152 Comparative net movement in funds, included the above are as follow5.' Incomlng resources Resources expended Gains and losses Movement In funds Unrestrictsd funds Permanent Endowment Fund General Investment Fund Almshouse Extraordinary Repair Fund Cyclical Mainlenance Fund Working Fund {13,073) 13,8981 {7561 {3281 {136,394) 132,189> {42,6611 {24,280) (6,471) {45,262} (38.905) (22,833} 16,141) 53,424 7,654 2.203 658 189.818 200,333 {154,H9) Restricted fund8 Loan Repayment Fund Chapel Fund AlmsFNJuse Restoration Fund (105.601) 159.7171 1,027 3.712 1643) {14,978) 14,3851 (15.2201 {14,836) {11,266) 14,385) 4.739 120,006) (15,220} 130,4871 TOTAL FUNDS 205,072 {174.455) (120,8211 190.2041 General Investment Fund This represents the net book value of fixed assets {bolh properties and financial investments) whl¢h are not held in other funds. Almshouse Extraordlnary Repair Fund This represents amounts set aslde for providlng extraordinary repairs, improvement or rebuilding of the Almshouses, Allnutt House and other property belonging to the Charlty- Page 17 ¢onlinued...
GORING HEATH CHARITIES- THE ALLNurr AND BAKER ALMSHOUSE AND EDUCATIONAL TRUST Notes to the Flnancial Statements - continued for the Yr Ended 31 December 2023 15. MOVEMENT IN FUNDS. continued Cyclical Maintenance Fund This represents amounts set aside for ordinary maintenance and repair of the Almshouses and other property belonging to the Charity which recur al infrequent inlervals. Working Fund This represents the general unrestricted funds that are available for tho Charity lo use as th&y see fil. Permanont Endowment Fund This represents the nel book value of properties gifted to the charity. 11 also includes an element of financial investments. purchased from the proceeds of disposal of a property. Loan Repayment Fund This Fund was Set up to rup capital sums expended with spectfic aulhority of the Charity Commissioners. The Charity Commissioners, orders provide that such capital sums should be recoup8d out of the annual income of the Charity by annual payments over periods stipulated by the orders. Chapel Fund This represents chapel collections and donations giv8n for expenditu on the chapel and related salaries. Almshouse Resloralion Fund This represents monies given to the d)arity in order lo fund the roof restoration and boller replacements of the Almshouses. 16. CONTINGENT LIABILITIES There were no known contingent liabilili8s at 31st December 2023 or 2022. 17. CAPITAL COMMITMENTS There were no commitrnents as at 31st December 2023 or 2022. 18. RELATED PARTY DISCLOSURES During the year one of the trustees, rented a small garage from the ¢harity for a sum of £52 per annum 12022.'£52). Page 18
GORING HEATH CHARITIES - THE ALLNurr AND BAKER ALMSHOUSE AND EDUCATIONAL TRUST Detailed Statement of Flnancial Activities for the Year End•d 31 December 2023 2023 2022 INCOME AND ENDOWMENTS Donations and legacies Donations and gift aid Chapel colltIOnS 10,857 3.779 2,338 3,712 14,636 6.050 Oth•r trading actlvltSes Renewable Hgat IncentNe 21.150 18.215 Investrnont incomo Rent- The School House Rent- Allnutt House Rent- Woodland Cottage Rent - Grazing Dwidends Deposit account intoresl 14.161 49,200 13.035 702 13,114 423 14,680 48,750 12.376 2.400 11.539 45 90.635 89.79Q Charitablg a¢tlvltles Maintenance Light and heat 85,122 19,267 79,154 10.302 104,389 89.456 Othèr income Other 1.738 1,561 Total incoming resour¢•5 232.548 205.072 EXPENDITURE Investment managemént costs Portfolio man8gem8nt 4,931 4,911 Charftable actlvltles Wages Fuel {oil and wood pellet} Electricity Water Council tax Insur8nce Chapel expendlture Carried forward 28,917 31.515 11,710 2,120 2,378 6.456 4,141 87.237 27,014 25,053 11,477 1,923 2,455 5,891 3,249 77.062 This page does not form part of the statutory flnanual statements Page 19
GORING HEATH CHARITIES - THE ALLNu AND BAKER ALMSHOUSE AND EDUCATIONAL TRUST D•tail•d Statement of Flnanclal Actlvltles for the Year End•d 31 Dgcembgr 2023 2023 2022 Charltabl• activiti Brought forward Repairs and maintenance - Chapel Repairs and maintenance - Grourbds Repairs and maintenance - Boilers and water Repairs and maintenance - Allnutt House Repairs and maintenance- Almshouses Repairs and maintenance- Small c8Pltal items Repairs and maintenance- Wc)odland Cottage Repalrs and mainlenanc8- School House Repairs and maintenartC8th Old School Cottage Agent letting fees Welfare grants and donations Depreciation of tangibl& fixed assets 87,237 2,630 22.429 9,753 7.302 77,062 614 13,714 7,311 4,218 i i 13,508 1,145 524 6.975 14,256 1.322 550 14,956 19,075 300 137 1,884 3,228 4,080 1,085 18,172 182,587 150.880 Support costs Managgm•nt Wages Pensions Telephone, postag8, Stationery & website Sundries Travelling expenses Social Training fees 10.173 814 9,478 820 2,215 317 204 538 163 382 95 14.519 13.572 Flnance Bank tharges 79 122 Governance costs Auditors, remuneration Accountancy and legal fees 4,970 3,900 3,900 4,970 Tolal resources 8xpended 206,016 174,455 Net Incom• bgfore gains and Iossgs 26,532 30,617 Roallsed Mcognised galns and losses Realised g8insl(losses) on fLxed asset investments 8.872 115,516} Net Incomo 35,404 15,101 This page does not form part of the stalutory financial ststements Page 20
GORING HEATH CHARITIES- THE ALLNUTT AND BAKER ALMSHOUSE AND EDUCATIONAL TRUST Contents of the Financial Statements for tho Yoar Ended 31 Decomber 2023 Pag• Chalrnian's Roviow R•port of tha Trustoa$ Indapendent Exarninerfs Report Slatement of Flnancl81 Actlvltle$ Balan¢0 She8t Notes to the Flnanclal Stat•m•nts 9 to 18 Detailed Statement of Flnanclal Actlvltles 19 10 20