The Day’s and Atkinson’s Almshouse Charity
Previously known as the Almshouse Charity Founded by Charles Day established 1842, and from 13[th] December 2005 incorporating The Almshouse Charity of Samuel Atkinson & Others, established 1680
Trustees Annual Report and
Financial Statements for the year ended
31[st] December 2024
Charity Number 212230
Page 1
Trustees’ Report 2024
The trustees present their Report as part of the financial statements of the charity for the year ended 31[st] December 2024. The financial statements have been prepared based on FRS102 using the guidance included in the Statement of Recommended Practice “Accounting and Reporting by Charities” and comply with the charity’s trust deed. Day’s and Atkinson’s Almshouse Charity is a charity registered with the Charity Commission under registration number 212230. It is member 706 of the Almshouse Association. It is also a Registered Provider of Social Housing registered with Regulator of Social Housing under registration number A4271.
1 Administrative Information
Trustees
Rev Simon Rea (Chair) Bridget Johnson (St Lawrence Little Stanmore incumbent’s nominee) Cllr Nick Mearing-Smith (LB Barnet nominee) Cllr Lucy Wakeley (LB Barnet nominee) Peter Murphy (co-opted trustee) Catherine Taylor (co-opted trustee) Neil Price (co-opted trustee)
Clerk to Trustees
Mike Seaman (Clerk to the Trustees)
Office
Postal Address C/o St Margaret’s Church, 1 Station Road, Edgware, HA8 7JE Telephone: 020 8952 4066 Atkinson’s Office Tel: 0208 238 1774 Email: admin@dandaalmshouses.org.uk
Independent Examiner
Kevin Ogilvie, Charity Book keeping & Examination Services, 13 Evelyns Close, Hillingdon, Middlesex UB8 3LR. Tel: 07776 258763
Bankers
CAF Bank Ltd, 25 Kings Hill Ave, West Malling Kent, ME19 4JQ
2 Structure, Governance and Management
Organisation
On 13[th] December 2005, the Charity Commission sealed a new scheme which incorporated the Almshouse Charities of Samuel Atkinson’s and Others plus the William Blasson Coal Charity into The Almshouses Founded by Charles Day and renamed the charity as the Day’s and Atkinson’s Almshouse Charity.
The Trustees are appointed according to the terms of the scheme’s governing document, and they are listed above. In 2010 the Trustees agreed to increase the number of co-opted Trustees from three to four.
New trustees receive an induction pack that includes the ‘Standards of Almshouse Management’,
Page 2
policies and procedures, recent financial statements, and minutes. The clerk provides briefings on the governing instrument, statutory & legal requirements, the almshouses, finances, as well as a tour of the almshouses and meeting with residents.
Broadly speaking, the trustees retain oversight for finance, buildings and compliance with the law and delegate operational responsibility for carrying out their primary objectives to the staff. However, they are encouraged to engage with the charity and residents where their experience and skills make such engagement appropriate.
Risk Management
All significant activities undertaken are subject to a regular risk review. Major risks are identified and ranked in terms of their potential impact and likelihood. Major risks, for this purpose, are those that may have a significant effect on:
-
Operational performance, including risks to personnel and residents.
-
Achievement of our aims and objectives.
-
Meeting the expectations of our residents.
The trustees review these risks on an on-going basis and satisfy themselves that adequate systems and procedures are in place to manage the risks which are identified in the Risk Register. Where appropriate, risks are covered by insurance. In assessing risk, trustees recognise that some areas of work require the acceptance and management of risk if our key objectives are to be achieved.
3 Purpose & origins
The Charity’s objects are “the provision of housing accommodation for persons in financial hardship with preference given firstly to those residing in the ancient parishes of Edgware and Little Stanmore in the London Boroughs of Barnet and Harrow respectively, and secondly to those who are previous residents of these parishes; and such charitable purposes for the benefit of the residents as the trustees decide”.
All residents are appointed by the Trustees based on written applications and interviews with the Clerk and a Trustee. The London Borough of Barnet has nomination rights to 75% of Day’s vacancies, 50% nomination rights of Atkinson’s 1 bed vacancies and 100% nomination rights for 2 and 3 bed units.
The Charity’s aims are to :
-
preserve the historic tradition of Almshouses
-
promote the wellbeing and independence of our residents
-
provide good quality housing
-
manage charitable resources effectively.
The current strategies for achieving these objectives are to:
-
retain our independent status.
-
maintain positive relationships with our residents.
-
make use of the resources provided by the Almshouse Association, the Charity Commission, the Regulator of Social Housing and others as appropriate to ensure effective management.
Page 3
History
In 1801 Charles Day, in partnership with Benjamin Martin, established the renowned firm of bootblacking manufacturers ‘Day and Martin’ of which he was the sole proprietor from 1808. He made a vast fortune for the times and after he died in 1836 his complicated will became the justification for Charles Dickens’s case ‘Jarndyce and Jarndyce’ in his novel ‘Bleak House’. Latterly, Charles Day had his country residence in Edgware.
In 1828 he bought land known as Hither Frog Pool on the ‘Turnpike Road’ in Edgware from All Soul’s College, Oxford, and had eight one-roomed dwellings built for poor men and women of good character, with preference given to parishioners of Edgware and Little Stanmore. He administered them himself then set up a charity with five Trustees, including himself, by deed of gift on 28[th] April 1834. Day’s Almshouses was formally established in 1842, was registered with the Charity Commission in 1963 and the building was listed as Grade II in 1983.
They remained as single room dwellings with one communal toilet until 1957 when small bathrooms and kitchens were added at the back. Central heating was installed in the 1970s. In March 2003, a major refurbishment was completed involving a land swap with the London Borough of Barnet reducing the width of the site but increasing its depth to facilitate rear extensions with single bedrooms, store cupboards and shower rooms. Kitchen annexes were incorporated into the original living rooms. The refurbishment received a Patron’s award from the National Association of Almshouses in 2004.
Atkinson’s Almshouse Charity was established in 1680 following a legacy of £600 from Samuel Atkinson for the purchasing of land at Oakley, Buckinghamshire and building of four almshouses in Edgware at a cost of £240, plus their endowment through further land purchase. A further bequest in 1707 from one of the original Trustees led to the establishment of the Thomas Napier charity, which also endowed the almshouse charity through land purchase. A gift of land to Edgware Parish from a Mr Watts, received during his lifetime, resulted in the establishment of a third charity, the purpose of which is undocumented. The income was given in aid of the church and poor rates until 1820, when the Parish agreed it should in future be given to the almshouse charity. In 1878, the Harriet Hurst charity was founded with a bequest of Consolidated Bank Annuities ‘for the purpose of the Edgware Old Almshouses’. These four charities were merged by a Charity Commission scheme sealed in 1897 to become the Almshouse Charities of Samuel Atkinson and Others, whose purpose was the provision of almshouses for poor persons of good character who have resided in the Ancient Parish of Edgware for not less than two years and the donation of a portion of the income, specifically £1.10s, of the charities for the benefit of such poor person’s resident in Edgware (though not almspeople) as the Trustees thought fit. By this time, only the 4 almshouses and the land at Oakley remained in the charities’ possession.
The original Atkinson’s almshouses were destroyed by bombs in 1940 and rebuilt in 1957 as bedsits with one bathroom shared between two residents, becoming Nos 60-66 Stone Grove.
In 1943 the Margaret Abel Trust was founded by the will of Margaret Ann Abel for the building of two almshouses on the site owned by the Almshouse Charities to be known as the Abel Homes. These were completed in 1960 at a cost of £3,500 and became Nos 66-70 Stone Grove, two adjoining bedsits sharing a bathroom sited to the rear of Nos 60-66. The remaining £3,000 of the original 3.5% War Stock was used to further endow the Almshouse Charities.
In 1972 all six almshouses were altered so that each had its own bathroom but by 2010 they were in very poor condition. Acquisition of extra land and demolition of the original buildings made way
Page 4
for a major redevelopment to provide a three-storey block with 13 dwellings of which 7 are 2- bedroom and 6 are 1-bedroom flats was well as a pair of semi-detached houses which are 4- bedroom dwellings. The new buildings were completed in December 2011 and given a Patron’s Award from the National Association of Almshouses in 2015.
Activities
The principal activities of the Charity are the collection of the weekly maintenance contribution from residents, provision of low-level support to residents as required, upkeep of the fabric of the almshouses and appointment of new residents as vacancies arise.
Contribution of Volunteers
The Charity relies on its trustees giving their time voluntarily to the Charity.
4 Achievement and Performance
Review of the Year
The charity continued to work towards providing a real sense of community for our residents. This is very much in accordance with the ethos of the Almshouse Association and has been demonstrated to have positive benefits for the well-being of residents. This sense of community was enhanced by regular team meetings between members of staff and the Chair. Quarterly Trustees meetings were held in person in the office as well as on Zoom.
The charity was mindful of the way inflation (especially energy price rises) has affected residents’ financial situations and well-being. We continue to offer help and support with benefit applications, drawing on both Bridget Johnson’s wealth of experience in housing management and benefits and Catherine Taylor’s general pastoral support. The Trustees agreed not to implement the yearly increase in WMC payments during 2024 and agreed to defer any further increase until April 2025. The previous WMC increase had been implemented in October 2023
Food support continued through St Peter’s Pantry (the local foodbank) including swapping the charity’s fridge for a more suitable fridge/freezer from the foodbank. The charity also benefited from safeguarding support through their connections with the Diocese of London. We are thankful for all such examples of partnership working.
In June, The Almshouse Association invited Mike Seaman (Clerk to the Trustees) to join them as a Regional Peer Representative covering the London North and Kent. He made several visits to other Almshouse Charities who were looking for guidance on administration of their Almshouse Charities.
There was no Almshouse Association Members Day this year.
The trustees continue in the centuries’ old culture of almshouse charities that have always gone the extra mile to ensure residents feel valued and part of a community. Indeed, membership of The Almshouse Association is a second way in which the charity ensures value for money, as it means that we can be confident of staying abreast of legislative and other changes, and the best way of dealing with them. It also provides access to a network of other Almshouses and offers the opportunity to share best practice and discuss current issues.
Page 5
The charity also invests in the professional development of staff members through weekly Team meetings and by encouraging participation in training courses and regular appraisals.
Neil Price, a Trustee of the charity is a direct descendent of Charles Day. Day’s tomb is located at St Margaret’s Church. He is in discussions with the church to embark on a programme of renovation of the tomb which has fallen into disrepair. The Trustees of the Charity agreed to match fund (pound for pound) all monies raised from any external sources for the renovation of Charles Day’s tomb. The maximum exposure for the Charity was agreed to be set at £12,000.
Maintenance & Garden Works
3 balcony floors were replaced during 2024. 4 new boilers were installed in residents' flats. The Garden wall at Atkinson’s was under extreme pressure and cracks had appeared. The wall was strengthened by removing a significant amount of earth and removing the unsightly shrubs. and rebuilding. Topsoil was added and Peter Murphy purchased and planted flowers and plants which has added colour and beauty to this once inhospitable patch of land.
Residents
The Residents in Flat 3 vacated their flat in March 2024 and a new resident moved in during May. The Resident in Flat 7 vacated their flat in November 2024 and the flat remained void for the remainder of the year. Both flats were fully redecorated and included laying new flooring.
In line with The Almshouse Association recommendations, the beneficiary status of all adult (i.e. Over 18) residents continues to be reviewed and short-term licences for 3-year periods are being issued. 3 yearly Beneficiary Reviews are ongoing and existing residents are invited to interviews to re-assess their qualification to live in the Almshouse.
Financial Review
There was an overall surplus of £40,299 in 2024 compared to a surplus of £33,442 in 2023. The charity ended the year with net assets of £4,756,218 compared to last year’s £4,687,345
Insurance Policy
The buildings insurance, Public Liability and lift insurances are held with Grout Insurance and are reviewed annually to ensure cover is considered appropriate and the premium paid in December.
Reserves Policy
The Cyclical Maintenance and Extraordinary Repair Funds are kept at such levels as the Trustees deem prudent to comply with The Almshouse Association guidance and likely future maintenance requirements.
Funding Sources
The Charity’s income derives from the residents’ maintenance contribution, and approximately 50% of this comes from Housing Benefit or Universal Credit entitlements. The remaining income relates to monies from the feed-in tariff for electricity generated by the photovoltaic roof panels and in 2023 a small sum from the Grazing Licence income from land in Buckinghamshire.
Page 6
Investment Policy & Performance
A permanent endowment of the charity is held as the land on which all the 23 almshouses are situated as well as two fields adjacent to Hedges Farm in Buckinghamshire.
Other assets are as follows: The M&G Multi Asset Fund holds 10,743 income shares. The COIF Charities Ethical Investment Fund holds 2,219 units, the income from which is restricted to fuel expenditure.
The designated Extraordinary Repair Fund is held as accumulation units in a COIF Charities Ethical Investment Fund account. This account accumulates shares, and its value is therefore variable according to the current value of those shares. Transfers from the general fund are made into this account monthly. At 31 December, the fund held 54,935 shares at a market value of £294,712 which represents an increase £29,491 from last year’s figure of £265,221 . This is due to improved global market conditions during 2024.
The designated Cyclical Maintenance Fund is held as accumulation units in a M&G Multi Asset Fund. The fund is increased monthly in line with the recommendation of The Almshouse Association. As far as possible the cost of planned programme work is met from the general account and the transfer to CMF reduced commensurately if required. At 31 December the fund held 1408 shares with a market value of £170,495 an increase £37,992 from last year’s figure of £132,503.
Land at Oakley Village
The Charity owns 2 fields (comprising 11 Acres) at Oakley Village Buckinghamshire: First Stephen’s field (7 acres) and Shepherd’s Field (4 acres). Currently utilised as grazing land, these have a combined grazing value of £165,000.
Potential future residential development would increase their value to approximately £11m . The charity continued to explore options around maximising the value of its historic grazing land at Oakley. In the best interests of the Charity, the Trustees agreed to offer a long lease to the tenant for this sum whilst retaining all rights should the land be sold to developers. The Trustees acknowledge that the help of Peter Murphy whose expertise in residential development and planning matters is proving invaluable.
The charity has only one loan with The Charity Bank. At the end of 2024 a total of £303,833 was outstanding. Compared to 2023 where the loan totalled £323,695 . There were several interest rate rises during the year resulting in the Charity paying interest at The Bank of England base rate plus 2.75%. Combined rate @ 31 December was 7.5%.
At the end of the year the WMC arrears comprised of late payments by some residents including those who receive Universal Credit paid in arrears and Housing Benefit 4 weekly payments which are also paid in arrears so overlap into the first month of the following year. At the end of the year there was an accumulation of arrears to the value of £12,238.21 compared to the previous year at £3,690. The voids (flats 3 & 7) accounted for £2,788.00 in lost WMC . A void is the time when a property is not occupied after a resident has moved out.
Some residents struggled to keep up with their payments but in all cases the Charity aims to work together with residents to reduce their arrears.
Page 7
A Christmas party for the residents was organised and held in December. A large number of residents enjoyed a buffet with refreshments and music and there was a palpable sense of community with active participation by residents, staff and trustees.
Plans for Future Periods
Our priority is to ensure the appropriate upkeep of all buildings to enable provision of good quality accommodation for our residents. The continuation of all adult residents changing to short term 3- year licences will be completed as and when possible. Following discussions at board level and consultation with the Almshouse Association, the charity is actively seeking opportunities to increase the housing stock while at the same time retaining our current ethos.
On behalf of the trustee board and residents, the Chair is most grateful for the continuing dedication and commitment of all members of staff.
Statement of Trustees Responsibilities
Charity law requires the Trustees to prepare financial statements for each 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, including the income and expenditure, for that period. In preparing those financial statements, the Trustees are required to:
-
select suitable accounting policies and 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 and statements of recommended practice have been followed.
-
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 which disclose with reasonable accuracy at any time the financial position of the Charity and which enable them to ensure that the financial statements comply with the Charities Act 2011, the Accounting Requirements for Registered Social Landlords and other relevant regulations. The Trustees have general responsibility for taking such steps as are reasonably open to it to safeguard the assets of the Charity and to prevent and detect fraud and other irregularities.
The Trustees acknowledge they are responsible for the Charity’s system of internal control and that such a system can provide only reasonable and not absolute assurance against material misstatement or loss. They have established internal control procedures, which include weekly maintenance payments made by standing order, two signatures for all bank transactions, cash payments only accepted in return for a receipt and no payments except on production of an invoice. Accounts are reconciled monthly and reports showing performance against budget presented at each Trustees’ meeting. The effectiveness of this system is regularly reviewed, and no weaknesses have been identified which have resulted in material losses, contingencies or uncertainties requiring disclosure in the financial statements.
Statement of Disclosure of Information to Independent Examiners
Page 8
above, each confirm, so far as we are aware, that:
There is no relevant information in relation to the collation of this report of which our examiner is unaware, and we have taken steps as trustees to ensure all relevant examination information has been provided to our independent examiner.
Approved by the trustees on the date stated below and signed on their behalf by:
REV SIMON REA, CHAIR Dated…08/07/25
CATHERINE TAYLOR, TRUSTEE Dated… 08/07/25
Independent Examiner's Report to the Trustees of The Day’s and Atkinson’s Almshouse Charity
I report on the accounts of the charity for the year ended 2024 which are set out on finance pages of the Annual Report.
Respective Responsibilities of Trustees and Examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is needed.
It is my responsibility to:
Page 9
Examine the accounts under section 145 of the 2011 Act);
To follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act); and
To state whether particular matters have come to my attention.
Basis of Independent Examiner's report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiner's statement
Since the gross income for the year exceeds the amount provided in section 145(3) of the Act, I confirm that I am qualified to act as Independent Examiner under the provisions of that section of the Act and that my qualification is as shown below.
In connection with my examination, no matter has come to my attention:
which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 130 of the 2011 Act; and
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Kevin Ogilvie Charity Bookkeeping and Examination Services 15[th] July 2025 13 Evelyns Close, Hillingdon, Middlesex, UB8 3LR
Sofa Separate Designated
| Sofa Separate Designated | |
|---|---|
| Unrestricted funds Designated funds Restricted funds Endowment funds Total funds Prior year total funds |
|
| Income and endowments from: Donations and legacies Other trading activities Investments Income from charitable activities Other income Total income Expenditure on: Costs of generating funds |
- - - - - 400 - - - - - - 2,017 - 116 - 2,133 1,874 205,578 - - - 205,578 198,314 817 - - - 817 816 |
| 208,413 - 116 - 208,528 201,404 - - - - - - |
Page 10
| Costs of generating voluntary income Expenditure on charitable activities Other expenditure Total expenditure Net income / (expenditure) resources before transfer Transfers Gross transfers between funds - in Gross transfers between funds - out Other recognised gains / losses Gains/losses on investment assets Gains on revaluation, fixed assets, charity's own use Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward |
- - - - - - 168,230 - - - 168,230 167,962 - - - - - - |
|---|---|
| 168,230 - - - 168,230 167,962 |
|
| 40,183 - 116 - 40,299 33,442 33 49,833 33 351 50,250 66,592 (50,185) - (33) (33) (50,250) (66,592) 10,736 17,650 - 188 28,574 38,755 - - - - - - |
|
| 767 67,483 116 507 68,873 72,196 |
|
| 3,339,291 387,724 - 960,330 4,687,345 4,615,149 |
|
| 3,340,058 455,207 116 960,837 4,756,218 4,687,345 |
Statement of Assets and Liabilities (by code)
| Class and nominal code | General Designated Restricted Endowment Total Lastyear |
|---|---|
| Fixed Asset - Heritage assets 1401: Day's land 18-32 1402: Atkinson's land 60-70 Total Fixed Asset - Investments 1420: M&G Samuel Atkinson Income A/C 1421: M&G Accumulation Cyclical Main Fund 1422: CCLA Blasson Income A/C 1433: CCLA Accumulation ERF Total |
- - - 314,000 314,000 314,000 - - - 630,000 630,000 630,000 |
| - - - 944,000 944,000 944,000 - - - 9,973 9,973 9,649 10,000 160,495 - - 170,495 132,503 - - - 6,864 6,864 6,681 - 294,712 - - 294,712 265,221 |
|
| 10,000 455,207 - 16,837 482,044 414,054 |
Page 11
| Fixed Asset - Tangible Assets 1400: Day's buildings 1403: Atkinson's land 58 1404: Atkinson's building (HE Loan) Total Current Asset - Cash At Bank And In Hand 1500: CAFcash 12543 Total Liability - Agency Accounts 6699: Agency collections Total Liability - Creditors: Amounts falling due after m 1600: Loans Total Net total assets Represented by General (Unrestricted) Designated - CMF Designated - ERF Restricted - Blasson Endowment - Atkinson Endowment - Blasson Endowment - DAY Endowment - Samuel Total |
362,864 - - - 362,864 362,864 550,000 - - - 550,000 550,000 2,694,530 - - - 2,694,530 2,694,530 |
|---|---|
| 3,607,394 - - - 3,607,394 3,607,394 26,498 - 2,381 - 28,879 48,105 |
|
| 26,498 - 2,381 - 28,879 48,105 - - 2,265 - 2,265 2,525 |
|
| - - 2,265 - 2,265 2,525 ore than one year 303,834 - - - 303,834 323,682 |
|
| 303,834 - - - 303,834 323,682 |
|
| 3,340,058 455,207 116 960,837 4,756,218 4,687,345 |
|
| 3,340,058 - - - 3,340,058 3,339,291 - 160,495 - - 160,495 122,503 - 294,712 - - 294,712 265,221 - - 116 - 116 - - - - 630,000 630,000 630,000 - - - 6,864 6,864 6,681 - - - 314,000 314,000 314,000 - - - 9,973 9,973 9,649 |
|
| 3,340,058 455,207 116 960,837 4,756,218 4,687,345 |
Fund movement summary
| Fund | Opening Incoming Outgoing Transfers Gains/Losses Journals Closing |
|---|---|
| Samuel Endowment Sub-totals General Unrestricted Sub-totals CMF Designated Sub-totals |
9,649 - - 324 - - 9,973 |
| 9,649 - - 324 - - 9,973 3,339,291 208,413 168,230 (50,152) 10,736 - 3,340,058 |
|
| 3,339,291 208,413 168,230 (50,152) 10,736 - 3,340,058 122,503 - - 31,949 6,044 - 160,495 |
|
| 122,503 - - 31,949 6,044 - 160,495 |
Page 12
| ERF Designated Sub-totals Blasson Restricted Endowment Sub-totals DAY Endowment Sub-totals Atkinson Endowment Sub-totals |
265,221 - - 17,885 11,606 - 294,712 |
|---|---|
| 265,221 - - 17,885 11,606 - 294,712 - 116 - - - - 116 6,681 - - (5) 188 - 6,864 |
|
| 6,681 116 - (5) 188 - 6,980 314,000 - - - - - 314,000 |
|
| 314,000 - - - - - 314,000 630,000 - - - - - 630,000 |
|
| 630,000 - - - - - 630,000 |
|
| Totals | 4,687,345 208,528 168,230 - 28,574 - 4,756,218 |
Analysis of income and expenditure
| Analysis of income and expenditure | |
|---|---|
| Total | |
| Unrestricted Designated Restricted Endowment Thisyear Lastyear |
|
| INCOME AND ENDOWMENTS FROM: Donations and legacies 1112 - Grants/Legacy's Donations and legacies Totals Investments 1150 - Grazing Licence 1152 - Dividend CCLA 438480001AA Blasson 1153 - Dividend M&G NAACIF 1154 - Caf Bank Interest Investments Totals Income from charitable activities |
- - - - - 400 |
| - - - - - 400 572 - - - 572 510 - - 116 - 116 191 435 - - - 435 322 1,010 - - - 1,010 850 |
|
| 2,017 - 116 - 2,133 1,874 |
Page 13
| 1120 - WMC from residents,HB, UC Income from charitable activities Totals Other income 1110 - Feed in Tariff 1160 - Refunds Other income Totals Income and endowments Grand totals EXPENDITURE ON: Expenditure on charitable activities 1322 - ERF expenditure 1324 - SC Equipment Maintenance 1326 - CMF expenditure 1330 - Routine maintenance 1332 - SC Cleaning Atkinson's 1334 - SC Grounds Maintenance 1340 - SC Atkinson's Water LL 1341 - Void expenditure 1345 - SC Atkinson Electricity LL 1346 - SC Day's Electricity LL 1348 - SC Atkinson Phones(office,lift) 1354 - Benefits to Residents 1362 - Salaried Staff 1366 - Staff training 1370 - Office & IT 1372 - St Margaret's SLA 1374 - Insurance 1376 - Subscriptions & fees 1378 - Loan Interest repayment 1380 - Legal,Professional & Trustee costs 1382 - Independent Examination Costs Expenditure on charitable activities Totals Expenditure Grand totals |
205,578 - - - 205,578 198,314 |
|---|---|
| 205,578 - - - 205,578 198,314 404 - - - 404 907 413 - - - 413 (91) |
|
| 817 - - - 817 816 |
|
| 208,413 - 116 - 208,528 201,404 |
|
| - - - - - 10,644 27,639 - - - 27,639 9,219 14,667 - - - 14,667 22,189 12,804 - - - 12,804 22,860 2,319 - - - 2,319 1,984 7,081 - - - 7,081 10,782 39 - - - 39 18 15,956 - - - 15,956 3,721 1,690 - - - 1,690 1,975 416 - - - 416 213 1,597 - - - 1,597 1,712 1,973 - - - 1,973 2,956 44,237 - - - 44,237 41,166 - - - - - 635 1,206 - - - 1,206 1,222 300 - - - 300 275 4,874 - - - 4,874 4,366 2,304 - - - 2,304 1,079 24,912 - - - 24,912 24,446 2,689 - - - 2,689 4,978 1,526 - - - 1,526 1,524 |
|
| 168,230 - - - 168,230 167,962 |
|
| 168,230 - - - 168,230 167,962 |
Statement of Financial Activities
| Unrestricted Designated Restricted Endowment Total Prior year funds funds funds funds funds total funds |
|
|---|---|
| Income and endowments from: Donations and legacies Investments Income from charitable activities Other income Total income Expenditure on: Expenditure on charitable activities Total expenditure Gains / losses on investment assets Net income / (expenditure) resources before transfer Transfers Gross transfers between funds - in |
— — — — — 400 2,017 — 116 — 2,133 1,874 205,578 — — — 205,578 198,314 817 — — — 817 816 |
| 208,413 — 116 — 208,528 201,404 168,230 — — — 168,230 167,962 |
|
| 168,230 — — — 168,230 167,962 10,736 17,650 — 188 28,574 38,755 |
|
| 50,919 17,650 116 188 68,873 72,196 33 49,833 33 351 50,250 66,592 |
Page 14
| Gross transfers between funds - out Other recognised gains / losses Net movement in funds Total funds brought forward Total funds carried forward |
(50,185) — (33) (33) (50,250) (66,592) |
|---|---|
| 767 67,483 116 507 68,873 72,196 |
|
| 3,339,291 387,724 — 960,330 4,687,345 4,615,149 |
|
| 3,340,058 455,207 116 960,837 4,756,218 4,687,345 |
Statement of assets and liabilities
| General Designated | **Restricted ** | Endowment This year **Last year ** |
|
|---|---|---|---|
| Fixed assets - Heritage assets Day's land 18-32 - Atkinson's land 60-70 - Totals Fixed assets - Investments M&G Samuel Atkinson Income A/C - M&G Accumulation Cyclical Main Fund - CCLA Blasson Income A/C - CCLA Accumulation ERF - Totals Fixed assets - Tangible assets Day's buildings - Atkinson's land 58 - Atkinson's building (HE Loan) - Totals Current assets - Cash at bank and in hand CAFcash 12543 - Totals Liabilities - Agency accounts Agency collections - Totals Liabilities - Creditors: Amounts falling due after more than one year Loans - Totals Grand total |
— — — — |
— — |
314,000 314,000 314,000 630,000 630,000 630,000 |
| — — — — 10,000 160,495 — — — 294,712 |
— — — — — |
944,000 944,000 944,000 9,973 9,973 9,649 — 170,495 132,503 6,864 6,864 6,681 — 294,712 265,221 |
|
| 10,000 455,207 362,864 — 550,000 — 2,694,530 — |
— — — — |
16,837 482,044 414,054 — 362,864 362,864 — 550,000 550,000 — 2,694,530 2,694,530 |
|
| 3,607,394 — 26,498 — |
— 2,381 |
— 3,607,394 3,607,394 — 28,879 48,105 |
|
| 26,498 — — — |
2,381 2,265 |
— 28,879 48,105 — 2,265 2,525 |
|
| — — 303,834 — |
2,265 — |
— 2,265 2,525 — 303,834 323,682 |
|
| 303,834 — |
— | — 303,834 323,682 |
|
| 3,340,058 **455,207 ** |
116 | 960,837 4,756,218 4,687,345 |
Fund movement by type
| Opening Incoming Outgoing Transfers Gains/losses Closing |
|
|---|---|
| Pinnacles - Pinnacles Days Designated Sub-total for Pinnacles Samuel - M&G Income Samuel At Endowment Sub-total for Samuel General - General fund Unrestricted Sub-total for General CMF - M&G Accumulation Cyc Designated Sub-total for CMF ERF - CCLA Accumulation Ex Designated Endowment |
— — — — — — |
| — — — — — — 9,649 — — 324 — 9,973 |
|
| 9,649 — — 324 — 9,973 3,339,291 208,413 168,230 (50,152) 10,736 3,340,058 |
|
| 3,339,291 208,413 168,230 (50,152) 10,736 3,340,058 122,503 — — 31,949 6,044 160,495 |
|
| 122,503 — — 31,949 6,044 160,495 265,221 — — 17,885 11,606 294,712 — — — — — — |
Page 15
| Sub-total for ERF Blasson - CCLA Income Blasson Designated Restricted Endowment Sub-total for Blasson DAY - Day's 18-32 Endowment Sub-total for DAY Atkinson - Atkinson Land 60-70 Designated Endowment Sub-total for Atkinson Grand total |
265,221 — — — — 116 6,681 — |
— — — — |
17,885 — — (5) |
11,606 294,712 — — — 116 188 6,864 |
|---|---|---|---|---|
| 6,681 116 314,000 — |
— — |
(5) — |
188 6,980 — 314,000 |
|
| 314,000 — — — 630,000 — |
— — — |
— — — |
— 314,000 — — — 630,000 |
|
| 630,000 — |
— | — | — 630,000 |
|
| 4,687,345 208,528 |
168,230 | — | 28,574 4,756,218 |
Analysis of income and expenditure
| Total | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Endowment | This year | Last year | |
| INCOME AND ENDOWMENTS | ||||||
| Donations and legacies | ||||||
| Grants/Legacy's | — | — | — | — | — | 400 |
| Total | — | — | — | — | — | 400 |
| Investments | ||||||
| Grazing License | 572 | — | — | — | 572 | 510 |
| Dividend CCLA 438480001AA | — | — | 116 | — | 116 | 191 |
| Blasson | ||||||
| Dividend M&G NAACIF | 435 | — | — | — | 435 | 322 |
| Caf Bank Interest | 1,010 | — | — | — | 1,010 | 850 |
| Total | 2,017 | — | 116 | — | 2,133 | 1,874 |
Page 16
| Income from charitable activities WMC from residents,HB, UC Total Other income Feed in Tariff Refunds Total |
205,578 | — | — — |
205,578 | 198,314 |
|---|---|---|---|---|---|
| 205,578 404 413 |
— — — |
— — — — — — |
205,578 404 413 |
198,314 907 (91) |
|
| 817 | — | — — |
817 | 816 | |
| INCOME TOTAL | 208,413 | — | 116 — |
208,528 | 201,404 |
| EXPENDITURE Expenditure on charitable activities ERF expenditure — SC Equipment Maintenance 27,639 CMF expenditure 14,667 Routine maintenance 12,804 SC Cleaning Atkinson's 2,319 SC Grounds Maintenance 7,081 SC Atkinson's Water LL 39 Void expenditure 15,956 SC Atkinson Electricity LL 1,690 SC Day's Electricity LL 416 SC Atkinson Phones(office,lift) 1,597 Benefits to Residents 1,973 Salaried Staff 44,237 Staff training — Office & IT 1,206 St Margaret's SLA 300 Insurance 4,874 Subscriptions & fees 2,304 Loan Interest repayment 24,912 Legal,Professional & Trustee costs 2,689 Independent Examination Costs 1,526 Total 168,230 |
— — — — — — — — — — — — — — — — — — — — — |
— — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — — |
— 27,639 14,667 12,804 2,319 7,081 39 15,956 1,690 416 1,597 1,973 44,237 — 1,206 300 4,874 2,304 24,912 2,689 1,526 |
10,644 9,219 22,189 22,860 1,984 10,782 18 3,721 1,975 213 1,712 2,956 41,166 635 1,222 275 4,366 1,079 24,446 4,978 1,524 |
|
| 168,230 | — | — — |
168,230 | 167,962 | |
| EXPENDITURE TOTAL | 168,230 | — | — — |
168,230 | 167,962 |
| GRAND TOTAL | 40,183 | — | 116 — |
40,299 | 33,442 |
Page 17