Mapus-smith & Lem ntrelkcwntan Charity reglstration number 214681 JOHN SUGAR'S COAL AND ALMSHOUSE CHARITY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
JOHN SUGAR'S COAL AND ALMSHOUSE CHARITY LEGAL AND ADMINISTRATIVE INFORMATION Truste•s Mrs S Twyman Rev A Ling Cllr. Francis Bone Mrs M Plant D Heneghan Pope (Appointed 5 December 20231 {Appoinled 5 Decernber 20231 {Appoinled 28 February 20231 Charlty numb•r 214681 Independent •xamln•r M8pus-Smith & Lemmon LLP 48 King Street King's Lynn Norfolk PE30 1HE
JOHN SUGAR'S COAL AND ALMSHOUSE CHARITY CONTENTS Page Trustees, report Independent examingrfs report Statement of financial activities 8alance sheet Nol9$ lo the financial slaiemenls
JOHN SUGAR'S COALAND ALMSHOUSE CHARITY TRUSTEES. REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 Th8 Irust88s present their annual report and financial stalements for the year ended 31 December 2023. The accounts have been prepared in ardance with the accounting policies sel out in note 1 to the a¢counls and comply with the charily's governing document. the Charits'es Act 2011 and 'Accounling and Reporting by Charities.. Stslement of Recommended Pracb'ce applicabl8 to charities preparing their accounts in accordance with th8 Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021.188 amended for accounting period5 commencing from 1 January 20161 ObJ•ctlve$ and actlvltl•$ The charity's objects arg the provSsion of Almshouses for wx poor wdows of not lass than 55 years of age and of good character. Th8 policies adopted in lurtherance of these objects are providing bulldings, facilities and open space and Ih&r8 has been no ehangg in these during thg yeai. Th8 trustggs have paid due regard lo guidance i33u8d by the Charity Commission in deciding what actlvilies the charity should undertak8. Achlevements and performance During the year the charity has continued lo provide 8lmshouses to the wimunity an(1 maintsined the houses and the arga surrounding the propety, Flnancl•l r•vlew 11 is the policy of the charity that unrestricled funds which have not been d8sign8led for a specific use Should be maintained 81 a level equivalent lo b¢een three and six month's expenditure. The trustees consider that reserves al this level will ensure Ihal. in the event ol a SonifnI drop in funding, they will be able lo Continue the charity's current activities while consideration is given lo ways in which additional funds may bg raised. This level ol reserves has been mainlaingd Ihroughoul the year. The Iruslees have assessed the major risks lo which the charity Is exposed, and arè $8tisfied that system$ aro In place lo milig81e exposure lo the major risks. Structur•, governance and managom•nt The Iruslees who seryed during the yèar and up to the date of signature of the financial statements wera.. Dr D Hopkln {Resigned 20 June 20231 Cllr L Bambridg8 {Resigned 10 Octob8r 20231 Mrs S Twyman Rev A Ling Cllr. Francis Bone Mrs M Plant D Heneghan M Pope {Appointed S December 2023) {Appoinl8d S December 2023) IN)poinl8d 28 February 2023) The Irustg9s' report W8s approved by the Board of Trustees. Dated..
JOHN SUGAR'S COAL AND ALMSHOUSE CHARITY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF JOHN SUGAR'S COALANDALMSHOUSE CHARITY I report lo the trustees on my examination of the financial stat8m8nls of John Sugarfs Coal And Almshous8 Charity Ilhe charity) for the year ended 31 December 2023. Responslbllltlos and bas1$ of r•port As the trustees of the charity you are responsiblo for the preparation of the financial statements in accordance with the requirements of the Ch8ritiesAct 2011 {the 2011 Actl. I report In r8specl of my examinalion of the charity's financial statements carri8d out under section 145 of the 2011 A¢1. In Carrying out my examinabon I have followed all the 8pplicable Directions given by the Charity Cornmission under section 14515}Ibl of the 2011 Act. Independent examlnerfs statemènt Your allenlion is drawn to the fact that the charity has prepared finanual slalem&nls In accordance with Accounllng and Reporting by Charities proparing their accounts in accordanco with the FinancAal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in prel8rence to the Accounting and Reporting by Charities.. Stal8menl of Recommended Practice issued on 1 April 200S which is referred to in the extant regulations bul has now been withdrawn. l undersland that this has been done in order for finanaal stslements lo provide a true and fair view in accordance with Generally Accepted Accountirbg Practice efiective for repo.n9 periods beginning on or after 1 January 2015. have completed my examination. I confirm that no malteis have come to my attention in connection wth tho examination giving me cause to believe thal in any material respoct.. accounling records were not kept in respect of the charity as required by Soction 130 of the 2011 AGt', or th8 financlal statements tlo not accor(J with thosè rècords.. or the financial slat8m8nts do not comply with the applicablè requirernenls concerning the fom and conlenl of accounts $81 out in the Charities (Accounts and Rew)rt5} Regulations 2008 other than any requirement that Ihg accounts give a tru8 and fair view which is not a matler ¢on$idered as part of an indopondenl oxamination. I have no concerns and have across no other matters In connection with the examin81ion to which attention should bg wn in this report In order to enable a r undetstarKting of the financial 51alemenls to ba reachod. Mapus4mlth & L•mm¢n LLP 48 King Street King's Lynn Norfolk PE30 1HE
JOHN SUGAR'S COALAND ALMSHOUSE CHARITY STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestricted R•strtcted fund$ funds 2023 2023 Total Unre$trlctéd Ro$trl¢ted funds funds 2022 2022 Total 2023 2022 Notes In¢om• from: Donations and legacies Charitable aclivi11gS 138 30,375 138 30.375 138 26,378 138 26.378 Total Income 30.513 30.513 26.516 26,516 Expgndlturg on: Charitable adivi11g8 29,631 29,631 41,911 41,911 Total oxp•ndltur• 29.631 29.631 41,911 41,911 Nel gaSnslllosse81 on investments 1,753 1.753 161 161 Nel Incom81{exp•ndStur•l and movemfjnl In funds 882 1.753 2,635 1IS.395} 161 115,2341 R•conclllatlon of funds: Fund balances 81 l January 2023 25.094 32.390 22,691 24,933 47.624 Fund balan¢•$ at 31 December 2023 8,178 26,847 35.025 7.296 25,094 32.390 The slalemenl of financial activities includes all gains and losses rectsJnised in the year. All income 8nd expendf(ure derive from contlnulng activities.
JOHN SUGAR'S COAL AND ALMSHOUSE CHARITY BALANCE SHEET ASAT31 DECEMBER 2023 2023 2022 Notes Fixed a$$et$ Intangible assets 21,848 25,095 Current ass•t$ Debtors Cash at bank and In hand io 6.458 7,037 2.452 5.103 13,495 7.555 Crgdltors: amounti falllng duo wlthln ono y•ar 11 13181 {2601 Ngt ¢urrent 488•ts 13,177 7,295 Total as8•t$ less Curront Ilabllltlès 35,025 32,390 N•t Bset8 excludlng pon8lon1Sabll 35.025 32,390 The funds of th• charlty R8slri¢l&d income funds Unreslricled funds 12 26.847 8.178 25.094 7,296 35,025 32,390 i¥/ io/* The financial slalemenls wère approvgd by the trustees on ......................... Trustee
JOHN SUGAR'S COAL AND ALMSHOUSE CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Ac¢ountlng pollclts Charlty Informatlon John Sugarfs Coal And Almshouse Charity is a tharity regislored with the Charity Commission in England. The op&rational address is 83-93 Goodwins Road, Kings Lynn, Norfolk. PE30 SPE. 1.1 Accountlng conv•ntlon The financial slalemenls have been prepared in accordance with the charitys Igovorf)ing docurnenll. thg Charities Act 2011, FRS 102 "Th8 Financial Reporting Stsndard applicable in the UK and Republic of Ireland. I'FRS 102.1 and the Charitses SORP "Accounting and Repon9 by Charities.. Slalemenl of Recommended Pracb'ce applicable to charitie5 prepaiing their accounts in accordance with the Financial Reporting Slandard applicable in Ihe UK and Republic of Ireland {FRS 1021. leffectiva 1 January 2019). The charity is a Publlc Benefit Enlily as defined by FRS 102. The charlty has taken advanlage of the provisions in the SORP for charities not to pr8P8re 8 St8lement of Cash Flows. The flnancial slalèmènts have d8P8rted from the Charitie5 (Accourbts and Reports) Regulations 2008 only lo the exlènl required lo provide a true and fair view. This departure has involved following the Slalement of Recommended Practice for charities applying FRS 102 raiher than the version of the Slat&mgnl of Recommènded Practs'cg which is referred lo in the Regulaiions bul which has since been withdrawn. The financlal slalements are prepored in stedlng. which is the lunctional CLtrrenw of the charity. Monetary 8mounls In these financial sialemenls a rounded lo the nearest £. Thg financial slalemenls have been prepared under the historical cost convention, Imodified lo Include the revaluation ol freehold properties and lo include investment properties and certain financ181 instruments al fair valuel. The principal accounkn'ng policies adopted are sel out below. 1.2 Golng conGom Al the lime of approwng the financial slalemenls. the Injslees have a reasonable expectslion that the charity has adequate resources lo eonts'nue in operatsonal existence for the foreseeable future. Thus the Iruslees conllnug to adopt the going concern basis of accounting In preparing the ffinancial stslomenls. 1.3 Charltable fundi Unrestricted funds arè available for use at the discrelion ol th8 trustees in fvrtherance of their charitable objectives. Restricted funds arg subject lo specific condibon$ by donors or grantors as lo how they may be used. The purposes and uses of the restricted funds are s81 out in tho notss lo the finanrAal statements. Endowment funds are subjed lo specific (*ndilions by donors that the capitsl musl b8 maintained by the charity. 1.4 Incoming re50urca$ Income is recognised when the charity is legally entitled to it after any perfomiance conditions havo been mel, the arnounls can be measured reliably, and it is probable that income wll be received. Cash donations are recognised on reIpl. Olher donations are recognised once the charity has been notified of the donation, unless perf0rrnan conditions require defeal of the amounl. Income lax recoverable in relation to donations reIved under Gift or deeds of covenant is recognised at the time of the donation. Legacies are recognised on receipt or olhewse rf the charTty has been notified of an Impending distribution, the amount is known. and receipt is expected. If the amount is not known, Ihe legacy is treated as a contingent asset.
JOHN SUGAR'S COAL AND ALMSHOUSE CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accounting polScles Icontlnuedl 1.5 Resources èxpended Expenditure is recogni5ed once there is a legal or conslruclive obligation to transfer economic benefit to 8 third party, il is probable that a transfer of economic benefits will be required in settlement, and the amount of the Ol9110n can be mgasured reliably. Expenditure is classified by activty. The costs of each activity are made up of the lolal ol dir8cl costs and shared ¢osls. including suppy)rt costs involved in undertaking eath activity. Dlrect costs attributable to a single activity are all(ated directly lo that activity. Shared costs which contribute lo more than one activity and support costs whSch are not attributable to a single activity are 8PPOrtioned be88n those activities on a basis conslslenl wkh the use of rosourcgs. Central staff costs are allocated on the basis of lime sp9nl, and depreclalion charges arg allocated on the kN)rtion of the at'S usa. 1.6 Impalrmont of Ilxod as$•t• Al e8ch reporting end dale. the charity reviews the carrying amounts of its tangible and intangible assets to determine wheth¢r there is any indication that those asseis have Suffered 8n impairmenl loss. If any such indication exist$, the recoverable amount of the asset is ests'maied in order to delemiine the exlenl ol th¢ impaimienl loss lif any). Donatl¢ns and l•ga¢lo8 2023 2022 C.O.l.F Income shares 138 138 Charltablo actlvStl•s Chirltablo Chrltabl• Incom• In¢om• 2023 2022 Charges lo rèsidents 30,375 26,378
JOHN SUGAR'S COAL AND ALMSHOUSE CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Charltabl• a¢tlvltle8 Charltabl• Charitable Expendlturo Expend5turn 2023 2022 Healing g88 Electricity Insurance Water rates General maintenance Subscriptions - National Aysocialion ofmmshouses TV licencgs antj sundry expenses Accountsncy Comrnissions Others Decorallng and malor r8pairs 6.331 314 1,224 1,913 2,473 196 58 318 3,031 720 13,053 5,293 696 1,045 2,454 3,744 187 45 306 2,546 2,520 23,075 29,631 41,911 29,631 41,911 Twstees None of the Iruslees lor any persons connected with them) received any remuneration or benefit$ from the charity during the year. Employ••8 The average monthly number of employ888 during the year was: 2023 Numbor 2022 Numbèr Total There were no employee8 whose annual remuneration was more than £60.1)00. Galns and losses on Investments Restrlcted funds 2023 Ro$tri¢ted fund$ 2022 Gainslllosses} arislng on.. Revaluation of inveslments 1,753 161
JOHN SUGAR'S COAL AND ALMSHOUSE CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Taxatlon The charfty is exempl from taxalion its activities because all its income is applied for charitable purposas. Intanglble flxed assèts COIF Sh•r•• Extraordlnjry R•p•irs Fund M&G Totsl S•Guriti05 Cost Al 1 January 2023 RevalualKJn 4.301 335 230 262 20.564 13.8441 25,095 13,2471 Al 310ècember 2023 4,636 492 16.720 21.848 Amortlsatlon and Impalrni•nt Al 1 January 2023 and 31 December 2023 Carrying amount Al 31 Dg¢embgr 2023 4,636 492 16,720 21,848 Al 31 D6c8mb8r 2022 4,301 230 20,564 25,095 10 D•btors 2023 2022 Amounts falllng due wlthln on• y•ar: Trade dèblor8 Other debtors 216 6,242 1,410 1,042 8,458 2,452 11 Cr•dltors: amounts falllng du• wlthln on• y•ar 2023 2022 Other creditors 318 260 12 Restrlcted funds The restricted funds of the charity comprise the un8xpended balances of donations and grants held on INst subject lo specific conditions by donors as lo how they wnay be used. At 1 January 2023 Galn$ and 10s$0s At31 December 2023 25,094 1.753 26,847
JOHN SUGAR'S COAL AND ALMSHOUSE CHARITY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 12 Restrl¢ted funds Icontlnuedl Previous y•ar: At 1 January 2022 Galn$ and lo$se$ At31 D•c•mbèr 2022 24.933 161 25,094 13 Unrastrlct•d funds The unreslricled funds of the charity comprise the unexpended balances of donations and grants whlch 8re not subjg¢t lo specific conditions by donors and grantors as lo how they may be us8d. Thase include deslgna18d lunds whlch have be8n sel aside cHJt of unrgstrictad funds by tha twslees for speclfic purpos¢$. At 1 January 2023 IncomSng ROUrceS r•sourc&# •xpend•d At31 Dècember 2023 G¢n8ral funds 30,513 129.6311 8,178 Prevlous year: At 1 January 2022 Incomlng r•sourc•s R•sourc8# •xp8nd•d At31 D•c•mb8r 2022 General funds 22.691 26,516 141,9111 7,296