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|---|---|---|---|
|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|
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||||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|
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||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|
##