| Page | |||
|---|---|---|---|
| Reference and administrative | details ofthe Charity, its Trustees and advisers | 1 -2 | |
| Trustees' report |
3-10 | ||
| Independent auditor's |
report | on the financial statements | 11 - 14 |
| Statement offinancial | activities | 15 | |
| Balance sheet | 16 | ||
| Statement ofcash flows | 17 | ||
| Notes to the financial | statements | 18-37 |
| Unrestricted | Endowment | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| 2022 | 2022 | 2022 | 2021 | |||
| Note | 5 | |||||
| Income and endowments | from: | |||||
| Donations and legacies |
26,510 | 28,510 | 1,940 | |||
| Charitable activities |
316,624 | 316,624 | 288,064 | |||
| Investments | 924,896 | 11,946 | 936,842 | 908,017 | ||
| Total income and endowments | 1,268,030 | 11,946 | 1,279,976 | 1,198,021 | ||
| Expenditure on: |
||||||
| Raising funds | 7,8 | 271,059 | 271,059 | 289,498 | ||
| Charitable activities |
1,046,782 | 9,860 | 1,058,642 | 910,138 | ||
| Total expenditure | 1,317,841 | 9,860 | 1,327,701 | 1,199,635 | ||
| Net (expenditure)/income before net (losses)/gains on investments |
(49,811) | 2,086 | (47,725) | (1,615) | ||
| Net gains/(losses) on investments |
(152,267) | (1,023,675) | (1,175,942) | 831,392 | ||
| Net (expenditure)/income | (202,078) | (1,021,589) | (1,223,667) | 829,777 | ||
| Transfers between funds |
19 | (3,316) | 3,316 | |||
| Net movement in funds |
(205,394) | (1,018,273) | (1,223,667) | 829,777 | ||
| Reconciliation offunds: |
||||||
| Total funds brought forward | 2,037,369 | 24,397,446 | 26,434,815 | 25,605,038 | ||
| Net movement in funds |
(205,394) | (1,018,273) | (1,223,667) | 829,777 | ||
| Total funds carried forward | 1,831,975 | 23,379,173 | 25,211,148 | 28,434,815 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Note | 6 | |||||
| Fixed assets | ||||||
| Tangible assets | 13 | 3,476,123 | 3,476,123 | |||
| Investments | 15 | 7,511,827 | 8,883,297 | |||
| Investment property |
14 | 13,558,500 | 13,558,500 | |||
| 24,546,450 | 25,917,920 | |||||
| Current assets | ||||||
| Debtors | 16 | 267,493 | 181,322 | |||
| Cash at bank and in | hand | 23 | 678,131 | 722,661 | ||
| 945,624 | 903,983 | |||||
| Creditors: amounts | falling due within one | |||||
| year | 17 | (263,815) | (350,247) | |||
| Net current assets | 681,809 | 553,736 | ||||
| Creditors: amounts | falling due after more | |||||
| than one year | 18 | (17,111) | (36,841) | |||
| Net assets | 25,211,148 | 26,434,815 | ||||
| Charity funds | ||||||
| Endowment funds |
19 | 23,379,173 | 24,397,446 | |||
| Unrestricted funds |
19 | 1,831,975 | 2,037,369 | |||
| Total funds | 25,211,148 | 26,434,815 |
| Note | 2022 | 2021f | ||||||
|---|---|---|---|---|---|---|---|---|
| Cash flows from operating | activities | |||||||
| Net cash | used in operating |
activities | 22 | (1,176,900) | (743,402) | |||
| Cash flows from investing | activities | |||||||
| Dividends, | interests and rents from investments |
936,842 | 908,017 | |||||
| Proceeds | from sale of investments | 405,202 | 1,218,536 | |||||
| Purchase | of investments | (209,674) | (1,284,204) | |||||
| Net cash | provided by investing activities |
1,132,370 | 842,349 | |||||
| Change | in cash and cash | equivalents | in | the year | (44,530) | 98,947 | ||
| Cash and | cash equivalents | at the beginning | ofthe year | 722,661 | 623,714 | |||
| Cash and | cash equivalents | at the end | of | the year | 23 | 6'78,131 | 722,661 |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2022 | 2022 | 2021 | |
| 6 | 5 | ||
| Donations | 26,510 | 26,510 | 1,940 |
| Total 2021 | 1,940 | 1,940 |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2022 | 2022 | 2021 | |||
| 6 | 5 | ||||
| Residents' | maintenance | contributions | 284,808 | 284,808 | 257,633 |
| Home Help | income | 25,066 | 25,066 | 21,552 | |
| Other income | 6,750 | 6,750 | 8,879 | ||
| 316,624 | 316,624 | 288,064 | |||
| Total2021 | 288,064 | 288,064 |
| Unrestricted | Endowment | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2022 | 2022 | 2022 | 2021 | ||
| E | E | ||||
| Rents receivable | 688,003 | 688,003 | 677,810 | ||
| Service charges receivable | 10,461 | 10,461 | (12,881) | ||
| Income from listed investments | 216,480 | 11,946 | 228,426 | 234,335 | |
| Insurances | recoverable | 9,952 | 9,952 | 8,753 | |
| 924,896 | 11,946 | 936,842 | 908,017 | ||
| Total2021 | 896,201 | 11,816 | 908,017 |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2022 | 2022 | 2021 | |||
| E | E | E | |||
| Commercial | property | repairs and maintenance | 42,418 | 42,418 | 58,641 |
| Residential | property | repairs and maintenance | 73,264 | 73,264 | 60,513 |
| Voids expenditure | 27,261 | 27,261 | 26,415 | ||
| Rent payable | 1,471 | 1,471 | 1,471 | ||
| Insurances | 18,386 | 18,386 | 16,461 | ||
| Land and estate agents | 22,397 | 22,397 | 24,737 | ||
| Solicitors | 13,413 | 13,413 | 25,563 | ||
| Surveyors | 29,341 | 29,341 | 10,632 | ||
| Bad debts | 16,828 | 18,828 | 30,775 | ||
| Sundry expenses | 43 | 43 | 72 | ||
| Consultancy | 998 | 998 | |||
| 245,820 | 245,820 | 255,280 | |||
| Total 2021 | 255,280 | 255,280 |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2022 | 2022 | 2021 | |
| 6 | 6 | 6 | |
| Stockbroker's fees | 25,239 | 25,239 | 34,218 |
| Total 2021 | 34,218 | 34,218 |
| Grants to | Grants to | Total | Total | |
|---|---|---|---|---|
| Institutions | Individuals | funds | funds | |
| 2022 | 2022 | 2022 | 2021 | |
| 6 | 6 | F | ||
| Grants payable | 60,417 | 7,221 | 67,638 | 37,825 |
| Total 2021 | 32,405 | 5,420 | 37,825 |
| Grants | ||||||
|---|---|---|---|---|---|---|
| payable | Support | Total | Total | |||
| Direct costs | (note 9) | costs | funds | funds | ||
| 2022 | 2022 | 2022 | 2022 | 2021 | ||
| 6 | 6 | 6 | ||||
| Almshouse | 594,989 | 67,638 | 307,963 | 970,590 | 833,621 | |
| Outpensions | 27,915 | 27,915 | 31,670 | |||
| Home Help | 32,353 | 32,353 | 24,849 | |||
| Poor Traveller's | House | 25,784 | 25,784 | 19,998 | ||
| 681,041 | 67,638 | 307,963 | 1,056,642 | 910,138 | ||
| Total 2021 | 586,550 | 37,825 | 285,763 | 910,138 |
| Poor | ||||||
|---|---|---|---|---|---|---|
| Out- | Traveller's | Total | Total | |||
| Almshouse 2022 |
pensions 2022 |
Home Help 2022 |
House 2022 |
funds 2022 |
funds 2021 |
|
| E | E | E | E | E | ||
| Staff costs | 248,065 | 32,078 | 8,387 | 288,530 | 269,045 | |
| General and water rates |
13,320 | 1,497 | 14,817 | 15,273 | ||
| Insurances | 16,490 | 1,181 | 17,671 | 16,003 | ||
| Oil, gas and electricity |
65,600 | 870 | 66,470 | 52,749 | ||
| Repairs, | ||||||
| maintenance | ||||||
| and cleaning | 178,794 | 11,956 | 190,750 | 123,488 | ||
| Garden upkeep | 11,157 | 11,157 | 7,376 | |||
| Telephone | 2,015 | 510 | 2,525 | 1,909 | ||
| Sundry expenses | 13,123 | 275 | 1,383 | 14,781 | 16,148 | |
| Outpensions | 27,915 | 27,915 | 31,670 | |||
| Health and safety | 46,425 | 46,425 | 52,889 | |||
| 594,989 | 27,915 | 32,353 | 25,784 | 681,041 | 586,550 | |
| Total 2021 | 510,033 | 31,670 | 24,849 | 19,998 | 586,550 |
| Total | Total | |||||
|---|---|---|---|---|---|---|
| funds | funds | |||||
| 2022 | 2021 | |||||
| 6 | ||||||
| Staff costs | 218,626 | 214,995 | ||||
| Printing, | stationery | and | advertising | 6,467 | 5,500 | |
| General | and water | rates | 283 | 1,254 | ||
| Telephone | 2,973 | 2,159 | ||||
| Oil, gas and electricity | 3,053 | 2,286 | ||||
| Insurance | 16,963 | 15,323 | ||||
| Furniture | 900 | 277 | ||||
| Repairs | 5,810 | 2,419 | ||||
| Qf8ce machinery | 9,228 | 8,270 | ||||
| Pensions | to former | employees | 617 | |||
| Legal and | professional | fees | 16,932 | 9,127 | ||
| Sundry expenses | 4,539 | 1,271 | ||||
| Computer | equipment | 10,007 | 9,584 | |||
| Health and safety | 110 | 953 | ||||
| Auditors' | remuneration | 9,054 | 8,788 | |||
| Auditors' | remuneration | - non audit | 3,018 | 2,930 | ||
| 307963 | 285 763 |
| to the financial statements year ended 31 December 2022 Staff costs |
||
|---|---|---|
| 2022 | 2021 | |
| Wages and salaries | 435,233 | 417,185 |
| Social security costs | 29,763 | 31,323 |
| Other pension costs | 42,160 | 35,532 |
| 507,156 | 484,040 |
| 2022 | 2021 |
|---|---|
| No. | No. |
| 25 | 26 |
| 2022 | 2021 |
|---|---|
| No. | No. |
| 15 | 17 |
| Freehold | |
|---|---|
| property | |
| Cost or valuation | |
| At 1 January 2022 | 3,476,123 |
| At 31 December 2022 | 3,476,123 |
| Net book value | |
| At 31 December 2022 | 3,476,123 |
| At 31 December 2021 | 3,476,123 |
| Freehold | |
|---|---|
| investment | |
| property | |
| 6 | |
| Valuation | |
| At 1 January 2022 | 13,558,500 |
| At 31 December 2022 | 13,558,500 |
| Fixed asset investments | |
|---|---|
| Listed | |
| investments | |
| Cost or valuation | |
| At 1 January 2022 | 8,883,300 |
| Additions | 209,674 |
| Disposals | (434,296) |
| Revaluations | (1,146,851) |
| At 31 December 2022 | 7,511,827 |
| Net book value | |
| At 31 December 2022 | 7,511,827 |
| At 31 December 2021 | 8,883,300 |
| Debtors | ||||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| 6 | ||||||
| Due within one year | ||||||
| Trade debtors | 60,091 | 52,059 | ||||
| Other debtors | 218 | 50 | ||||
| Prepayments and |
accrued income | 163,769 | 104,566 | |||
| Insurance recoverable |
43,415 | 24,647 | ||||
| 267,493 | 181,322 | |||||
| Creditors: Amounts | falling due | within one year | ||||
| 2022 | 2021 | |||||
| 8 | ||||||
| Trade creditors | 9,445 | 14,907 | ||||
| Other taxation and social security | 4,652 | 4,584 | ||||
| Other creditors | 109,589 | |||||
| Accruals and deferred | income | 249,718 | 221,167 | |||
| 263,815 | 350,247 | |||||
| Deferred income at 1 |
January 2022 | 140,266 | 173,013 | |||
| Income deferred during |
the year | 120,621 | 119,849 | |||
| Amounts released |
from | previous | periods | (119,349) | (152,596) | |
| Deferred income | at 31 December 2022 | 141,538 | 140,266 | |||
| Creditors: Amounts | falling due | after more than one year | ||||
| 2022 | 2021 | |||||
| 6 | ||||||
| Other creditors | 17,111 | 36,841 |
| Balance at | |||||||
|---|---|---|---|---|---|---|---|
| Balance at 1 | 31 | ||||||
| January 2022 |
Income f |
Expenditure | Transfers in/out |
Gains/ (Losses) |
December 2022 |
||
| Designated | |||||||
| funds | |||||||
| Cyclical | |||||||
| Maintenance | |||||||
| Fund | 60,450 | 5,500 | 65,950 | ||||
| Extraordinary Repairs Fund |
169,565 | (22,015) | 1,296 | 148,846 | |||
| General Fund |
Repairs | 273,756 | 8,912 | (7,232) | 275,436 | ||
| Planned | |||||||
| Maintenance | |||||||
| Fund | 141,815 | 10,461 | (13,774) | (17,896) | 120,606 | ||
| Memorial | Fund | 58,513 | (1,000) | 57,513 | |||
| Poor Travellers | |||||||
| House | Fund | 3,451 | (3,000) | ||||
| Apprenticeship Support Fund |
6,213 | (274) | 5,939 | ||||
| 713,763 | 19,373 | (18,048) | (34,411) | (5,936) | 674,741 | ||
| Generalfunds | |||||||
| General | Income | ||||||
| Fund | 1,323,606 | 1,248,657 | (1,299,793) | 31,095 | (146,331) | 1,157,234 | |
| Total | |||||||
| Unrestricted funds |
2,037,369 | 1,268,030 | (1,317,841) | (3,316) | (152,267) | 1,831,975 |
| Endowment | ||||||
|---|---|---|---|---|---|---|
| funds | ||||||
| Richard Watts | 22,852,641 | (996,734) | 21,855,907 | |||
| Chatham Intra |
1,626 | (51) | 1,575 | |||
| Sir John | ||||||
| Hayward's | ||||||
| Charitable | ||||||
| Fund | 594,147 | (197) | 593,950 | |||
| St Catherine's | ||||||
| Hospital | 652,184 | (5,327) | 646,857 | |||
| SirJohn | ||||||
| Hayward's | ||||||
| Educational | ||||||
| Charity | 29,747 | 635 | (200) | 51 | (4,433) | 25,800 |
| William Mantle |
||||||
| Trust | 267,101 | 11.311 | (9,660) | 3,265 | (16,933) | 255,084 |
| 24,397,446 | 11,946 | (9,860) | 3,316 | (1,023,675) | 23,379,173 | |
| Total offunds | 26,434,815 | 1,279,976 | (1,327,701) | (1,175,942) | 25,211,148 |
| Balance at | |||||||
|---|---|---|---|---|---|---|---|
| Balance at | 31 | ||||||
| 1 January 2021 F |
income E |
Expenditure E |
Transfers in/out 9 |
Gains/ (Losses) 9 |
December 2021 8 |
||
| Designated | |||||||
| funds | |||||||
| Cyclical | |||||||
| Maintenance Fund |
45,450 | 15,000 | 60,450 | ||||
| Extraordinary Repairs Fund |
99,471 | (273) | 50,000 | 20,367 | 169,565 | ||
| General Fund |
Repairs | 232,611 | 7,846 | 15,000 | 18,299 | 273,756 | |
| Planned | |||||||
| Maintenance Fund |
132,667 | (12,881) | (10,957) | 32,986 | 141,815 | ||
| Memorial | Fund | 54,612 | 3,901 | 58,513 | |||
| Poor Travellers | |||||||
| House | Fund | 4,436 | (985) | 3,451 | |||
| Apprenticeship Support Fund |
6,213 | 6,213 | |||||
| 575,460 | (5,035) | (11,230) | 115,902 | 38,666 | 713,763 | ||
| General | funds | ||||||
| General | Income | ||||||
| Fund | 1,313,300 | 1,191,240 | (1,178,741) | (115,535) | 113,342 | 1,323,606 | |
| Total | |||||||
| Unrestricted funds |
1,888,760 | 1,186,205 | (1,189,971) | 367 | 152,008 | 2,037,369 |
| Endowment | ||||||
|---|---|---|---|---|---|---|
| funds | ||||||
| Richard Watts | 22,210,947 | 641,694 | 22,852,641 | |||
| Chaiham Intra |
1,492 | 134 | 1,626 | |||
| Sir John | ||||||
| Hayward's | ||||||
| Charitable | ||||||
| Fund | 593,625 | 522 | 594,147 | |||
| St Catherine's | ||||||
| Hospital | 638,061 | 14,123 | 652,184 | |||
| Sir John | ||||||
| Hayward's | ||||||
| Educational | ||||||
| Charity | 28,430 | 607 | (200) | 333 | 577 | 29,747 |
| William Mantle |
||||||
| Trust | 243,723 | 11,209 | (9,465) | (700) | 22,334 | 267,101 |
| 23,716,278 | 11,816 | (9,665) | (367) | 679,384 | 24,397,446 | |
| Total offunds | 25,605,038 | 1,198,021 | (1,199,636) | 831,392 | 26,434,815 |
| Summary | offunds -current yea | r | ||||
|---|---|---|---|---|---|---|
| Balance at | ||||||
| Balance at 1 | 31 | |||||
| January 2022 5 |
Income f |
Expenditure | Transfers in/out |
Gains/ (Losses) |
December 2022 |
|
| Designated funds |
713,763 | 19,373 | (18,048) | (34,411) | (5,936) | 674,741 |
| General funds 1,323,606 |
1,248,657 | (1,299,793) | 31,095 | (146,331) | 1,157,234 | |
| Endowment funds |
24,397,446 | 11,946 | (9,860) | 3,316 | (1,023,675) | 23,379,173 |
| 26,434,815 | 1,279,976 | (1,327,701) | (1,175,942) | 25,211,148 | ||
| Summary | offunds - prior year | |||||
| Balance at | ||||||
| Balance at | 31 | |||||
| 1 January 2021 |
Income | Expenditure | Transfers in/out |
Gains/ (Losses) |
December 2021 |
|
| 5 | 5 | |||||
| Designated funds |
575,460 | (5,035) | (11,230) | 115,902 | 38,666 | 713,763 |
| General funds 1,313,300 |
1,191,240 | (1,178,741) | (115,535) | 113,342 | 1,323,606 | |
| Endowment | ||||||
| funds | 23,716,278 | 11,816 | (9,665) | (367) | 679,384 | 24,397,446 |
| 25,605,038 | 1,198,021 | (1,199,636) | 831,392 | 26,434,815 |
| Analysis | ofnet assets between funds -current | year | ||
|---|---|---|---|---|
| Unrestricted | Endowment | Total | ||
| funds | funds | funds | ||
| 2022 | 2022 | 2022 | ||
| 8 | 8 | |||
| Tangible fixed assets | 3,476,123 | 3,476,123 | ||
| Fixed asset investments | 1,221,935 | 6,289,892 | 7,511,827 | |
| Investment | property | 13,558,500 | 13,558,500 | |
| Current assets | 890,966 | 54,558 | 945,624 | |
| Creditors | due within one year | (263,815) | (263,815) | |
| Creditors | due in more than one year | (17,111) | (17,111) | |
| Total | 1,831,975 | 23,379,173 | 25,211,148 |
| Analysis | ofnet assets between funds - prior y |
ear | ||
|---|---|---|---|---|
| Unrestricted | Endowment | Total | ||
| funds | funds | funds | ||
| 2021 | 2021 | 2021 | ||
| E | 6 | F | ||
| Tangible fixed assets | 3,476,123 | 3,476,123 | ||
| Fixed asset investments | 1,569,732 | 7,313,565 | 8,883,297 | |
| Investment | property | 13,558,500 | 13,558,500 | |
| Current assets | 854,725 | 49,258 | 903,983 | |
| Creditors | due within one year | (350,247) | (350,247) | |
| Creditors | due in more than one year | (36,841) | (36,841) | |
| Total | 2,037,369 | 24,397,446 | 26,434,815 |
| 22. | Reconciliation of |
net | movem | ent | in fun | ds t | o ne | t cash flow | from operatin | g activities |
|
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||||||
| F | |||||||||||
| Net income/expenditure |
for | the | year | (as | per | Statement | of Financial | ||||
| Activities) | (1,223,66i | 829,777 | |||||||||
| Adjustments for: |
|||||||||||
| Gains/(losses) on |
investments | 1,175,942 | (831,392) | ||||||||
| Dividends, interest |
and | rents | from | investments | (936,842) | (908,017) | |||||
| Decrease/(increase) | in | debtors | (86,171) | 91,050 | |||||||
| Increase/(decrease) | in | creditors | (106,162) | 75,180 | |||||||
| Net cash used in | operating | activities | (1,176,900) | (743,402) | |||||||
| 23. | Analysis ofcash |
and | cash equivalents | ||||||||
| 2022 | 2021 | ||||||||||
| F | |||||||||||
| Cash in hand | 878,131 | 722,661 |
| non-cancell | able | operating leases as follows: |
||
|---|---|---|---|---|
| 2022 | 2021 | |||
| E | ||||
| Not later than | 1 year | 976 | 976 | |
| Later than | 1 year and not later than 5years | 1,708 | 2,684 | |
| 2,684 | 3,660 |