2022-03-31-accounts - Framework Knitters Company Almshouse Charities

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	Page
Reference and Administration Information
Trustees Annual Report
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet	10
Notes to the Financial Statements	11-21
Appendices	22

			Unrestricted	Unrestricted	Funds
							Total
			General	Designated		Restricted	Funds	Total Funds
			Funds		Funds	Funds	2022	2021
		Note
Income from:
Donations 8 Legacies			50			4,995	5,045	9,310
Investments					5,822	38,279	44,101	41,585
Charitable Activities			160,835				160,835	165,806
Total Income			160,885		5,822	43,274	209,981	216,701
Expenditure on:
Charitable Activities			138,334		662	5,271	144,267	135,027
Net Gains/(Losses)	on Investments				37,254	562,909	600,163	301,412
Net Income IExpenditure			22,551		42,414	600,912	665,877	383,086
Transfers between	Funds		34,142		34,142
Net movement in funds			(11,591)		76,556	600,912	665,877	383,086
Reconciliation ofFunds
Fund Balances Brought Forward			36,654		566,081	4,683,767	5,286,502	4,903,416
Fund Balances Carried Forward			25,063		642,637	5,284,679	5,952,379	5,286,502

NOTES TO THE FINANCIAL STATEMENT YEAR ENDED 31 MARCH 2022	NOTES TO THE FINANCIAL STATEMENT YEAR ENDED 31 MARCH 2022	S (CONTINUED)
3.Donations 8 Legacies		2022	2021
		f.
Donations		670	4,385
Covenant	Income	4,375	4,925
		5,045	9,310

Dividends and Interest
Almshouse Charity Deeds of Covenant		and Donations	Fund	1,756	1,513
Charitable Fund				36,523	33,560
Cyclical Maintenance	Fund			4,418	4,786
Extraordinary Repair	Fund			1,404	1,726
				44,101	41,585


6.Expenditure on Charitable			Activities	2022			2021
				Unrestricted	Restricted		Unrestricted	Restricted
				Provision and	Residents'		Prowsion and	Residents'
				Maintenance of	Entertainment		Maintenance of	Entertainmant
				Cottage Homes			Cottage Homes
Charitable Costs
Water Charges				358			340
Light and Heat				3,380			3,545
Property Repairs				41,513			31,973	1,630
Telephone, Postage,	Printing		8Stationery	6,149			6,237	212
Insurance				8,599			8,196
Salaries				44,192			44,018	388
Assistant Clerk's Expenses				38			73
Residents' Entertainment				107	2,708		37	3,034
Donations				100				4,659
				104,436	2,708		94,419	9,923
				2022			2021
Sundry Costs
Salaries				22,096			22,009	194
Clerkship Expenses				25			52
Accountant's Fee and	Office		Costs	6,278			6,095
Sundry Expenses				4,245		674	1,176	217
Governance Costs
Stockbroker Fees				2,479		72		384
Examination Fee				1,254			1,140
				36,377		746	30,472	795
Total Charitable Activities		inc Support		140,813	3,454		124,891	10,718
Costs
Unrestricted expenditure				140,813			124,891
Restricted expenditure				3,454			10,718
Combined totals				144,267			135,609

YEAR ENDED 31 MARCH 2022
7.Employee Information	2022	2021
	Number	Number
The average number ofpersons
employed
by the Charity during the year was:
ByActtvity
Charitable Activities
Governance Costs
Staffcosts forthe above persons	E
Salaries	63,014	63,430
Employers' National
Insurance	1,559	2,134
Employers' Pension Contributions	1,715	1,045
	66,288	66,609
Tangible Fixed assets
	Total	Total
	2021	2020
Freehold land and buildings
Deemed cost
At 1 April 2021 and 31 March 2022	4,000,000	3,535,000
Freehold land and buildings

9. Listed	Investments		Cost			Market Value
			2022	2021		2022	2021
Charitable	Fund		713,894	621,811		1,048,093	954,318
Extraordinary Repair Fund			67,289	67,289		247,125	220,600
Cyclical Maintenance		Fund	106,504	90,886		170,913	151,781
Almshouse	Charity Deeds ofCovenant
and
Donations	Fund		22,458	23,741		23,120	40,807
Total listed	investments		910,145	803,727		1,489,251	1,367,506
Investment	cash		104,803	50,448		104,803	50,448
			1,014,948	854,175		1,594,054	1,417,954
			Reclassification	Sales	Purchases	Val Adj at	Value at
Listed Investments		er Fund Name	at 01/04/2021			31/03/2022	31/03/2022
Charitable	Fund		954,318	434,441	433,974	94,242	1,048,093
Extraordina	Fund		220,600			26,525	247,125
C clical Maintenance		Fund	151,781	34,037	42,441	10,728	170,913
Benevolent	Fund		40,807	43,812	22,458	3,667	23,120
Total			1,367,506	512,290	498,873	135,162	1,489,251


10. Debtors												2022	2021
Other (Taxation
Recoverable)												875		985
Trade Debtors												3,587	3,054
												4,462	4,039
11.Cash and Bank Balances
Current Accounts												61,568	67,346
COIF Charity Deposit Funds												299,543	265,288
Petty Cash in Hand												250		339
												361,361	332,973
12. Creditors: amounts		falling		due	within one			year
Taxation and social security												1,516	1,582
Other Creditors												2,177		32
Accruals												3,805	1,850
												7,498	3,464
13 Financial	instruments										2022		2021
											K
Carrying	amount	offinancial			assets
Debt instruments		measured		at	amortised		cost				3,587		3,054
Measured	at fair value		through		net income/expenditure						1,489,251	1,367,506
Carrying	amount	offinancial			liabilities
Measured	at amortised		cost								5,982		1,882
Income and expenditure
Financial assets measured				at fair		value through			net income	/	44,101		41,585
expenditure
Net gains	and losses		(including			changes		in fair value)			600,163	301,412

		Unrestricted	Designated	Restricted	Total
		Funds	Funds	Funds	Funds
		E			E
Property				4,000,000	4,000,000
Investments			423,251	1,066,000	1,489,251
Cash 8	Bank	26,423	219,386	220,355	466,164
Debtors		3,587		875	4,462
Current	Liabilities	(4,947)		(2,551)	(7,498)
Net Assets at 31st March 2022		25,063	642,637	5,284,679	5,952,379

The total a	mount of unconditional don	ations received from related p	arties is as f
		2022	2021
Aggregate	donations	Nil	4,000