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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|
##
|Corporate Trustee|Corporate Trustee|The Worshipful|The Worshipful|Company|Company|Company|of|
|---|---|---|---|---|---|---|---|
|||Framework|Knitters||(see||App 1)|
|Master||A H Jarvis||||||
|Honorary
Treasurer||M R Ellis||||||
|Clerk||SR Mackaness||||||
|Independent|Examiners|JBGriffin||||||
|||Newby Castleman|||LLP|||
|||Chartered
Accountants||||||
|||West Walk|Building|||||
|||110Regent|Road|||||
|||Leicester||||||
|||LE1 7LT||||||
|Bankers||Lloyds Bank Pic||||||
|||222 Strand||||||
|||London WC2R 1BB||||||
|Solicitors||Shakespeare|Martineau|||LLP||
|||Two Colton|Square|||||
|||Leicester LE1 1QF||||||
|Stockbrokers||Brewin Dolphin||||||
|||Olympic House||||||
|||Doddington|Road|||||
|||Lincoln||||||
|||LN6 3SE||||||
|Principal Office||The Clerk||||||
|||The Grange||||||
|||Kimcote||||||
|||Lutterworth||||||
|||Leics. LE17|5RU|||||
|Charity number||212946||||||
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||||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|
##
|||||2022||2021||
|---|---|---|---|---|---|---|---|
||||Note|||||
|Fixed Assets||||||||
|Tangible assets|||||4,000,000||3,535,000|
|Investments|||||1,594,054||1,417,954|
|Current Assets||||||||
|Debtors|||10|4,462||4,039||
|Cash at Bank & in|Hand||11|361,361||332,973||
|||||365,823||337,012||
|Liabilities||||||||
|Creditors - Amounts||falling||||||
|due within
1 Yr||||7,498||3,464||
|Net Current Assets|||||358,325||333,548|
|Net Assets|||||5,952,379||5,286,502|
|The Funds ofthe|Charity||14|||||
|General Fund||||||||
|Accumulated
Income||Fund|||25,063||36,654|
|Designated
Funds||||||||
|Extraordinary
Repair||Fund||341,876||265,808||
|Cyclical Maintenance||Fund||300,761||300,273||
||||||642,63?||566,081|
|Total Unrestricted|Funds||||667,700||602,735|
|Restricted Funds||||||||
|Charitable
Fund||||4,330,218||4,201,270||
|Revaluation
Reserve||||879,189||414,189||
|Total Charitable
Fund||||5,209,407||4,615,459||
|Almshouse
Charity|Deeds of|||||||
|Covenant
and Donations||||||||
|Fund||||75,272||68,308||
||||||5,284,679||4,683,767|
|Total Charity Funds|||||5,952,379||5,286,502|
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|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|
##
|Maintenance
Contribution|||160,835|160,613|
|---|---|---|---|---|
|Sundry income|Resident Contribution|for redecorating||534|
|Sundry Income|Blanket Sales|||4,659|
||||160,835|165,806|
##
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||||||||||
|---|---|---|---|---|---|---|---|---|
|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|||
##
##
||||||Expenditur||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Fund Name|||Balance|Incoming|e|Transfers|Transfers|Unrealised|Realised|Balance|
|||||||||Gains/Losse|Gains/Losse||
||||B/F||||Out|s|s|C/F|
|Restricted Funds|||||||||||
|Charitable
Fund|||4,615,459|36,523|1,817|||546,505|12,737|5,209,407|
|Deeds ofCovenant||Fund|68,308|6,751|3,454|||662|3,005|75,272|
|Total Restricted Funds|||4,683,767|43,274|5,271)|||547,167|15,742|5,284,679|
|Desi
nated|Funds||||||||||
|Extraordina|Fund||300,273|1,404|384|14,058||26,525||341,876|
|Cyclical Maintenance|||||||||||
|Fund|||265,808|4,418|278|20,084||8,987|1,742|300,761|
|Total Desi|nated Funds||566,081|5,822|662|34,142||35,512|1,742|642,637|
|Unrestricted|Funds||||||||||
|Accumulated|Inc Fund||36,654|160,885|138,334||34,142|||25,063|
|Total Unrestricted|||||||||||
|Funds|||36,654|160,885|138,334)||(34,142|||25,063|
|Total Funds|||5,286,502|209,981|144,267|34,142|34,142|582,679|17,484|5,952,379|
##
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##
|||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|
##
||A|ointed|Resi|ned|
|---|---|---|---|---|
|AH Jarvis||2012|||
|EP Fox||2013|||
|MR Ellis||2010|||
|Past Masters|||||
|JG Ellis||2017|||
|IM Grund||2014|||
|SA Turner||2009|||
|PR White||2013|||
|ME Green||2012|||
|TDW Miller||2008|||
|LJ Smith||2008|||
|SH Woolfe||2008|||
|GAF Smith||2007|||
|PD Bethel||2004|||
|GFC Turner||2002|||
|HC Stevenson||1996|||
|SK Murra||1996|||
|SFRichards||1995|||
|PC Osborne||1981||2021|
|Assistants|||||
|DP Corah||2010|||
|JJ Pears||2012|||
|P M Tranter||2015|||
|C Bethel||2019|||
|J Martin||2019|||
|MTra
nor||2019|||
|SJM Burrows||2020|||
|C Fuller||2021|||
|SJa elman||2021|||
|H Woolfe||2021|||