| Page | |||
|---|---|---|---|
| Reference and administrative | details ofthe Charity, its Trustees and advisers | ||
| Trustees' report |
2-4 | ||
| Independent examiner's report |
|||
| Statement offinancial | activities | ||
| Balance sheet | |||
| Notes tothe financial | statements | 8-19 |
| REFERENCE AND | ADMINISTRATIVE | DETAILS OF THE CHARITY, ITSTRUSTEES AND ADVISERS |
|---|---|---|
| FOR THE YEAR ENDED 31 DECEMBER 2022 | ||
| Trustees | Mrs D Capps, Chairman | |
| Mr R Jervis, Vice Chairman | ||
| Mrs FBames | ||
| Mr R E D Case | ||
| Mrs J English | ||
| Mr C Foot | ||
| Mr M A Thorpe | ||
| Mrs A Gowens | ||
| Mr J Hawkey | ||
| Mr R Hughes (appointed 9March 2021) |
||
| Mrs E Merrifield | ||
| Mrs A Mayer (appointed 9 March 2021) | ||
| Mr I Musty |
||
| DrJ Williams | ||
| Charity registered | ||
| number | 213371 | |
| Principal office | Copthome Road |
|
| Shrews bury |
||
| Shropshire | ||
| SY3BJW | ||
| Accountants | WR Partners | |
| Chartered Accountants |
||
| Belmont House | ||
| Shrewsbury Business Park |
||
| Shrewsbury | ||
| Shropshire | ||
| SY26LG | ||
| Senior Nlanagement | Gavin Hogg, Clerk to the Trustees | |
| Team |
| Endowment | Unrestricted | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| Note | 2022 6 |
2022 | 2022 | 2021f | ||
| Income and endowments | from: | |||||
| Charitable activities |
190,725 | 190,725 | 183,256 | |||
| Investments | 13,914 | 13,914 | 13,027 | |||
| Total income and | endowments | 204,639 | 204,639 | 195,283 | ||
| Expenditure on: |
||||||
| Raising funds | 638 | 638 | 492 | |||
| Charitable activities |
230,443 | 230,443 | 253,002 | |||
| Total expenditure | 231,081 | 231,081 | 253,494 | |||
| Net expenditure before net |
||||||
| (losses)/gains on |
investments | (26,442) | (26,442) | (57,211) | ||
| Net (losses)/gains | on investments | (52,691) | (21,955) | (74,646) | 134,226 | |
| Net movement in |
funds | (52,691) | (48,397) | (101,088) | 77,015 | |
| Reconciliation of | funds: | |||||
| Total funds brought | forward | 565,607 | 814,719 | 1,380,326 | 1,303,311 | |
| Net movement in funds |
(52,691) | (48,397) | (101,088) | 77,015 | ||
| Total funds carried forward | 512,916 | 766,322 | 1,279,238 | 1,380,325 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Note | 6 | ||||||
| Fixed assets | |||||||
| Tangible assets | 11 | 350,002 | 362,567 | ||||
| Investments | 12 | 899,283 | 1,003,611 | ||||
| 1,249,285 | 1,366,178 | ||||||
| Current assets | |||||||
| Debtors | 14 | 6,299 | 4,136 | ||||
| Cash at bank and | in hand | 36,710 | 27,442 | ||||
| 43,009 | 31,560 | ||||||
| Creditors: amounts | falling due within one | ||||||
| year | 15 | (13,056) | (17,432) | ||||
| Net current assets | 29,953 | 14,146 | |||||
| Total assets less | current liabilities | 1,279,238 | 1,380,326 | ||||
| Net assets excluding | pension asset | 1,279,238 | 1,380,326 | ||||
| Total net assets | 1,279,238 | 1,380,326 | |||||
| Charity funds | |||||||
| Endowment funds |
16 | 512,916 | 565,607 | ||||
| Restricted funds |
16 | ||||||
| Unrestricted funds |
16 | 766,322 | 814,719 | ||||
| Total funds | 1,279,238 | 1,360,326 |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2022 | 2022 | 2021 | |||
| 6 | 6 | ||||
| Provision | ofAlmshouse | Accommodation | 186,639 | 186,639 | 177,192 |
| Recharges | and extras | 4,086 | 4,086 | 6,064 | |
| 190,725 | 190,725 | 183,256 | |||
| Total202 | 1 | 183,255 | 153,255 |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2022 | 2022 | 2021 | ||
| 6 | ||||
| Income from investments | 1,819 | 1,819 | 1,772 | |
| Investment | income - PV Cells | 12,095 | 12,095 | 11,255 |
| 13,914 | 13,914 | 13,027 | ||
| Total 2021 | 13,027 | 13,027 |
| 5. | Investment | management | costs | |||
|---|---|---|---|---|---|---|
| Unrestricted | Total | Total | ||||
| funds | funds | funds | ||||
| 2022 | 2022 | 2021 | ||||
| 8 | 5 | |||||
| Investment | management | fees | 638 | 638 | 492 | |
| Total 2021 | 492 | 492 |
| Grants to | Total | Total | |
|---|---|---|---|
| Individuals | funds | funds | |
| 2022 | 2022 | 2021 | |
| 5 | 5 | 5 | |
| Grants to individuals | 4,500 | 4,500 | 3,236 |
| Total 2021 | 3,236 | 3,236 |
| Activities | Grant | ||||
|---|---|---|---|---|---|
| undertaken | funding of | Total | Total | ||
| directly | activities | funds | funds | ||
| 2022 5 |
2022 5 |
2022 | 2021f | ||
| Provision ofAlmshouse | Accommodation | 225,943 | 225,943 | 249,766 | |
| Grant Making | 4,500 | 4,500 | 3,236 | ||
| 225,943 | 4,500 | 230,443 | 253,002 | ||
| Total 2021 | 249,766 | 3,236 | 253,002 |
| Provision of | |||||
|---|---|---|---|---|---|
| Almshouse | |||||
| Accommodat | Total | Total | |||
| ion | funds | funds | |||
| 2022f | 2022f | 2021 | |||
| Staff costs | 40,857 | 40,857 | 43,534 | ||
| Depreciation | 12,565 | 12,565 | 12,565 | ||
| Electricity | 32,077 | 32,077 | 33,142 | ||
| Council Tax | 106 | 106 | 1,642 | ||
| Water rates | 6,965 | 6,965 | 7,382 | ||
| Insurance | 5,413 | 5,413 | 5,909 | ||
| Telephone | 975 | 975 | 978 | ||
| Repairs and | Renewals | 86,183 | 86,183 | 106,349 | |
| Window Cleaning | 2,057 | 2,057 | 2,185 | ||
| Ground maintenance |
9,098 | 9,098 | 10,556 | ||
| Alarm Maintenance | and Security | 7,037 | 7,037 | 3,352 | |
| Architects and Surveyors fees | 4,869 | 4,869 | 7,112 | ||
| Sculpture Maintenance |
410 | 410 | 390 | ||
| Other items | &f1,000 | 4,660 | 4,660 | 3,336 | |
| Bank Charges | 176 | 176 | 160 | ||
| Investment write off |
4,044 | 4,044 | 4,044 | ||
| Training | 192 | 192 | 192 | ||
| Website costs | 780 | 780 | 1,293 | ||
| HR services | 3,121 | 3i121 | 1,040 | ||
| Governance | costs | 4,358 | 4,358 | 2,405 | |
| 225,943 | 225,943 | 249,766 | |||
| Total 2021 | 249,766 | 249,766 |
| Freehold | Fixtures and | ||
|---|---|---|---|
| property | fittings | Total | |
| 6 | 8 | 6 | |
| Cost or valuation | |||
| At 1 January 2022 | 628,259 | 27,781 | 656,040 |
| At 31 December 2022 | 628,259 | 27,781 | 656,040 |
| Depreciation | |||
| At 1 January 2022 | 265,692 | 27,781 | 293,473 |
| Charge for the year | 12,565 | 12,565 | |
| At 31 December 2022 | 278,257 | 27,781 | 306,038 |
| Net book value | |||
| At 31 December 2022 | 350,002 | 350,002 | |
| At31December 2021 | 362,567 | 362,567 | |
| Fixed asset investments | |||
| Other fixed | |||
| Unlisted | asset | ||
| investments | investments | Total | |
| 6 | 6 | 6 | |
| Cost or valuation | |||
| At 1 January 2022 | 966,413 | 37,198 | 1,003,611 |
| Disposals | (25,638) | (25,638) | |
| Revaluations | (74,646) | (74,646) | |
| Amounts written off |
(4,044) | (4,044) | |
| At 31 December 2022 | 866,129 | 33,154 | 899,283 |
| Net book value | |||
| At 31 December 2022 | 866,129 | 33,154 | 899,283 |
| At 31December 2021 | 966,413 | 37,198 | 1,003,611 |
| Material Inv | est | ments | |||
|---|---|---|---|---|---|
| 2022 6 |
2021f | ||||
| Photovoltaic | cells | 33,154 | 37,200 | ||
| COIF Charities | Investment | funds | 615,195 | 688,051 | |
| M&G Investments | 172,928 | 186,408 | |||
| Quilter (Old Mutual Wealth) | 78,008 | 91,460 | |||
| 899,283 | 1,003,119 | ||||
| Debtors | |||||
| 2022 | 2021 | ||||
| 6 | 6 | ||||
| Due within one | year | ||||
| Other debtors | 1,893 | ||||
| Prepayments | and accrued | income | 4,406 | 4,138 | |
| 6,299 | 4,138 |
| 2022 6 |
2021f | ||
|---|---|---|---|
| Trade creditors | 3,349 | 6,226 | |
| Other taxation and social security | 1,119 | ||
| Accruals and deferred | income | 9,707 | 10,087 |
| 13056 | 17432 |
| Statement offunds | - current | year | |||||
|---|---|---|---|---|---|---|---|
| Balance at 31 | |||||||
| Balance at 1 | Gains/ | December | |||||
| January 2022 8 |
Income f |
Expenditure 6 |
(Losses) 6 |
2022 6 |
|||
| Unrestricted funds |
|||||||
| Designated funds |
|||||||
| Extraordinary repairs |
fund | 150,000 | 150,000 | ||||
| Cyclical maintenance | fund | 25,000 | 25,000 | ||||
| 175,000 | 175,000 | ||||||
| General funds | |||||||
| General Funds |
639,719 | 204,639 | (231,081) | (21,955) | 591,322 | ||
| Total Unrestricted | funds | 814,719 | 204,639 | (231,081) | (21,955) | 766,322 | |
| Endowment funds |
|||||||
| Capital reserve | 565,607 | (52,691) | 512,916 | ||||
| Total offunds | 1,380,326 | 204,639 | (231,081) | (74,646) | 1,279,238 | ||
| Extraordinary Repair |
Fund |
| Statement offunds | - prior ye | ar | |||||
|---|---|---|---|---|---|---|---|
| Balance at | Balance at | ||||||
| 1January | Gainer | 31December | |||||
| 2021 | Income | Expenditure | (Losses) | 2021 | |||
| Unrestricted funds |
|||||||
| Designated funds |
|||||||
| Extraordinary repairs |
fund | 150,000 | 150,000 | ||||
| Cyclical maintenance | fund | 25,000 | 25,000 | ||||
| 175,000 | 175,000 | ||||||
| General funds | |||||||
| General Funds | 645,093 | 196,283 | (253,494) | 51,837 | 639,719 | ||
| Total Unrestricted | funds | 820,093 | 196,283 | (253,494) | 51,837 | 814,719 | |
| Endowment funds |
|||||||
| Capital reserve | 483,218 | 82,389 | 565,607 | ||||
| Total offunds | 1,303,311 | 196,283 | (253,494) | 134,226 | 1,380,326 |
| Analysis of net assets between funds - curr | ent year | ||
|---|---|---|---|
| Endowment | Unrestricted | Total | |
| funds | funds | funds | |
| 2022 | 2022 | 2022 | |
| 6 | 6 | 6 | |
| Tangible fixed assets | 350,002 | 350,002 | |
| Fixed asset investments | 512,916 | 386,367 | 899,283 |
| Current assets | 43,009 | 43,009 | |
| Creditors due within one year | (13,056) | (13,056) | |
| Total | 512,916 | 766,322 | 1,279,238 |
| Endowment | Unrestn'cted | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2021 | 2021 | 2021f | |
| Tangible fixed assets | 362,567 | 362,567 | |
| Fixed asset investments | 565,607 | 438,004 | 1,003,611 |
| Current assets | 31,580 | 31,580 | |
| Creditors due within one year | (17,432) | (17,432) | |
| Tl | 565,607 | 814,719 | 1,380,326 |