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||||Page||
|---|---|---|---|---|
|Reference and Administrative
Details|||||
|Report ofthe Trustees||2|to|4|
|Independent
Examiner's
Report|||||
|Statement ofFinancial|Activities||||
|Balance Sheet|||||
|Notes to the Finandal|Statements|8|to|17|
##
|PRINCIPAL ADDRESS|The Almshouses|
|---|---|
||Lower Gungate|
||Tamworth|
||Staffordshire|
||B797AN|
|REGISTERED CHARITY|214737|
|NUMBER||
|INDEPENDENT|EXAMINER|Philip Bames &Co Limited|
|---|---|---|
|||Chartered
Accountants|
|||The Old Council Chambers|
|||Halford Street|
|||Tamworth|
|||Staffordshire|
|||B797RB|
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|FOR TH|E YEAR EN|DED 31|DE EM|BER2022|||||
|---|---|---|---|---|---|---|---|---|
||||||||2022|2021|
|||||Unrestricted|Restricted|Endowment|Total|Total|
|||||funds|fund|fund|funds|funds|
||||Notes||||||
|INCOME|AND||||||||
|ENDOWMENTS FROM|||||||||
|Donations|and legacies||3|||||2,827|
|Charitable|activities||5||||||
|Residential|accommodation|||160,794|||160,794|159,509|
|Investment|income|||15,594|1,215||16,809|13,931|
|Other income||||7,781|||7,781|4,602|
|Total||||184,169|1,215||185,384|180,869|
|EXPENDITURE ON|||||||||
|Charitable|activities||7||||||
|Residential|accommodation|||170,978|||170,978|126,783|
|Payments|for benefit ofresidents||||2,020||2,020|1,681|
|Total||||170,978|2,020||172,998|128,464|
|Net gains/(losses)
on|||||||||
|investments||||(5,173)|(986)|(5,813)|(11,972)|31,742|
|NET|||||||||
|INCOME/(EXPENDITURE)||||8,018|(1,791)|(5,813)|414|84,147|
|RECONCILIATION||OF|||||||
|FUNDS|||||||||
|Total funds|brought
forward|||1,183,467|32,305|186,563|1,402,335|1,318,188|
|TOTAL FUNDS CARRIED|||||||||
|FORWARD||||1,191,485|30,514|180,750|1,402,749|1,402,335|
||||||2022|2021|
|---|---|---|---|---|---|---|
|||||Notes|||
|FIXEDASSETS|||||||
|Tangible assets||||12|509,334|509,334|
|Investments||||13|372,266|384,238|
||||||881,600|893,572|
|CURRENT ASSETS|||||||
|Debtors||||14|13,451|15,865|
|Cash at bank|||||519,086|503,025|
||||||532,537|518,890|
|CREDITORS|||||||
|Amounts
falling|due within one year|||15|(11,388)|(10,127)|
|NET CURRENT||ASSETS|||521,149|508,763|
|TOTAL ASSETSLESSCURRENT|||||||
|LIABILITIES|||||1,402,749|1,402,335|
|NET ASSETS|||||1,402,749|1,402,335|
|FUNDS||||17|||
|Unrestricted
funds:|||||||
|General fund|||||302,151|334,133|
|Capital fund|||||509,334|509,334|
|Repair reserve|fund||||120,000|110,000|
|Extraordinary|repair fund||||200,000|180,000|
|Cyclical maintenance|||fund||60,000|50,000|
||||||1,191,485|1,183,467|
|Restricted funds:|||||||
|Elsie Westwood||fund|||30,514|32,305|
|Endowment
funds:|||||||
|Permanent
endowment|||fund||180,750|186,563|
|TOTAL FUNDS|||||1,402,749|1.402,335|
##
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|||||||
|---|---|---|---|---|---|
|3.|DONATIONS|AND LEGACIES||||
|||||2022|2021|
||||||g|
||Guy's Hospital||||2,827|
|4.|INVESTMENT INCOME|||||
|||||2022|2021|
||NAA Common|Investment|Fund dividend|14,754|13,911|
||COIF deposit interest|||2,055|20|
|||||16,809|13,931|
|5.|INCOME FROM CHARITABLE ACTIVITIES|||||
|||||2022|2021|
|||||g||
||Residents contributions|||125,512|125,207|
||Facilities|||35,282|34,302|
|||||160,794|159,509|
##
|6.|OTHER INCOME|||
|---|---|---|---|
|||2022|2021f|
||Solar panel feed in tariff|7,781|4602|
|7.|CHARITABLE ACTIVITIES COSTS|||
|7.|CHARIT|A|BLE ACTIVITIES COSTS||||
|---|---|---|---|---|---|---|
|||||Direct|Support||
|||||Costs|costs||
|||||(see note 8)|(see note 9)|Totals|
||Residential||accommodation|45,720|125,258|170,978|
||Payments|for benefit ofresidents|||2,020|2,020|
|||||45,720|127,278|172,998|
|8.|DIRECT|COSTSOF CHARITABLE ACTIVITIES|||||
||||||2022|2021|
||Water rates||and council tax||8,721|8,197|
||Insurance||||4,586|3.845|
||Gas and electricity||||24,856|28,354|
||Lifeline||||~7557|7,386|
||||||45,720|47,782|
##
|SUPPOR|T COSTS||||||||
|---|---|---|---|---|---|---|---|---|
||||||Repairs||||
||||||and|Residents|Governance||
|||||Management|Maintenance
f|Welfare|costs|Totals|
|Residential|accommodation|||33,254|86,004||6,000|125,258|
|Payments|for benefit|of|||||||
|residents||||||2.020||2,020|
|||||33,254|86,004|~2020|6,000|127,278|
|Support costs, included|||in the above, are as follows:||||||
|Management|||||||||
||||||||2022|2021|
|Wages|||||||24,884|24,222|
|Pensions|||||||372|352|
|Telephone|||||||477|662|
|Stationery,|postage's|and sundries|||||1,541|718|
|Subscriptions|||||||379|305|
|Bad debt|||||||5,601|1,000|
||||||||33,254|27,259|
##
|Repairs and|maintenaace|maintenaace||||
|---|---|---|---|---|---|
|||||2022|2021|
|Wages||||28,082|25,092|
|General repairs and maintenance||||51,463|18,478|
|Garden expenses||||6,459|1,723|
|Cookers|||||1,349|
|||||86,004|46,642|
|Residents
welfare||||||
|||||2022|2021|
|Residents social events||||1,885|1,576|
|Miscellaneous|expenses|||135|105|
|||||2,020|1,681|
|Governance|costs|||||
|||||2022|2021|
||||||I',|
|Accountancy|and independent||examination|4,200|4,200|
|Independent
examiners||-other|services|1,800||
|Professional|fees||||900|
|||||6,000|5,100|
##
||RITY
FTHOMA|Y|||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|OTE
T
THEFI
AN||IAL|TATEM||||||||'nued||||||
|FOR|THE YEARE DED|31DE||EMBER2|||||22||||||||
|11.|STAFF COSTS||||||||||||||||
|||||||||||||||2022|2021||
|||||||||||||||g|||
||Wages and salaries|||||||||||||52,966|49,314||
||Other pension costs|||||||||||||372|352||
|||||||||||||||53,338|49,666||
||The average monthly|number||ofemployees|||||during||the|year was as follows:|||||
|||||||||||||||2022|2021||
||Average number ofstaff during||||the year|||||||||4|4||
||Average
number offull-time|||equivalent||||||||||2|2||
||No employees
received emoluments
in|||||||excess off60,000.|||||||||
|12.|TANGIBLE FIXED|ASSETS|||||||||||||||
||Freehold Property||||||||||||||||
|||||||||||||||2022|2021||
||Almshouses,
Tamworth|||||||||||||not valued|not valued||
||A value has never been attributed|||||to the original||||almshouses.|||These almshouses|are used by|the charity for|the|
||provision
of accommodation||||to|the||elderly.||The||trustees|do not consider|it practicable|to quantify|the|
||difference between
the carrying||||value||and||market||value.||||||
||Additions
and improvements||||||||||||||||
|||||||||||||||2022|2021||
||COST||||||||||||||||
||At 1 January|||||||||||||509,334|509,334||
||NET BOOK VALUE||||||||||||||||
||At 31December|||||||||||||509,334|509,334||
|13.|FIXEDASSETINVESTMENTS||||||||||||||||
||Investments
are held as follows:||||||||||||||||
||National
Association|ofAlmshouses|||||Common Investment||||||Fund||||
|||||||||||||||2022|2021||
|||||||||||||||Number|Number||
||Income shares||||||||||||||||
||-number ofshares held|||||||||||||421,545|421,545||
##
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##
|Market value ofthese shares split between|funds:||||
|---|---|---|---|---|
|||Elsie|Permanent||
||General|Westwood|Endowment|Total|
|Market value at 1 January 2022|166,026|31,649|186,563|384,238|
|Movement
in market
value|(5,173)|(986)|(5,813)|11,972|
|Market value at 31December 2022|160,853|30,663|180,750|372,266|
|DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR|||||
||||2022|2021|
|Residents
contributions|||1,662|7,005|
|Social security and other taxes|||330|1,170|
|Prepayments
and accrued income|||11,459|7,690|
||||13,451|15,865|
##
|CREDITORS: AMOUNTS FALLING DUE WIT|HIN ONE YEAR||
|---|---|---|
||2022|2021|
|Other creditors|1,962|355|
|Accrued expenses|9,426|9,772|
||11,388|10,127|
##
||||||2022|2021|
|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Endowment|Total|Total|
|||funds|fund|fund|funds|funds|
|||||||g|
|Fixed assets||509,334|||509,334|509,334|
|Investments||160,853|30,663|180,750|372,266|384,238|
|Current
Current|assets
liabilities|532,446
~)),)48)|91
~340)||532,537
~)).388)|518,890
(10,127)|
|||1.191.483|30,314|180,750|1,402,749|1,402,335|
##
##
|MOVEMENT IN F|UNDS|||||
|---|---|---|---|---|---|
||||Net|Transfers||
||||movement|between|At|
|||At 1.1.22|in funds|funds|31.12.22|
|Unrestricted
funds||||||
|General fund||334,133|94,022|(126,004)|302,151|
|Capital fund||509,334|||509,334|
|Repair reserve fund||110,000|(46,902)|56,902|120,000|
|Extraordinary
repair fund
Cyclical maintenance
fund||180,000
50,000|~39.302|20,000
49,102|200,000
60,000|
|||1,183,467|8,018||1,191,485|
|Restricted funds||||||
|Elsie Westwood
fund||32,305|(1,791)||30,514|
|Endowment
funds||||||
|Permanent
endowment|fund|186,563|(5,813)||180,750|
|TOTAL FUNDS||1.402.333|414||1,402,749|
|Net movement
in funds, included||in the above are as follows:||||
|||Incoming|Resources|Gains and|Movement|
|||resources|expended|losses|in funds|
||||||8|
|Unrestricted
funds||||||
|General fund||184,169|(84,974)|(5,173)|94,022|
|Repair reserve fund|||(46,902)||(46,902)|
|Cyclical maintenance|fund||~39,102)||~39 102|
|||184,169|(170,978)|(5,173)|8,018|
|Restricted funds||||||
|Elsie Westwood
fund||1,215|(2,020)|(986)|(1,791)|
|Endowment
funds||||||
|Permanent
endowment|fund|||(5,813)|(5,813)|
|TOTALFUNDS||185.384|(172,998)|~11,972)|414|
##
##
||||Net|Transfers||
|---|---|---|---|---|---|
||||movement|between|At|
|||At 1.1.21|in funds|funds|31.12.21|
|Unrestricted
funds||||||
|General fund||297,477|113,298|(76,642)|334,133|
|Capital fund||509,334|||509,334|
|Repair reserve fund||80,000|(34,326)|64,326|110,000|
|Extraordinary
repair fund
Cyclical maintenance
fund||180,000
50,000|(2.988)
~3.3283|2,988
9,328|180,000
50,000|
|||1,116,811|66,656||1,183,467|
|Restricted funds||||||
|Elsie Westwood
fund||30,226|2,079||32,305|
|Endowment
funds||||||
|Permanent
endowment|fund|171,151|15,412||186,563|
|TOTAL FUNDS||1,318,188|84,147|~|1,482,333|
|||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|
|||resources|expended|losses|in funds|
|Unrestricted
funds||||||
|General fund||179,723|(80,141)|13,716|113,298|
|Repair reserve fund|||(34,326)||(34,326)|
|Extraordinary
repair fund
Cyclical maintenance
fund|||(2,988)
(9,328)||(2,988)
~9,328)|
|||179,723|(126,783)|13,716|66,656|
|Restricted funds||||||
|Elsie Westwood
fund||1,146|(1,681)|2,614|2,079|
|Endowment
funds||||||
|Permanent
endowment|fund|||15,412|15,412|
|TOTAL FUNDS||180,869|~)28,464)|31,742|84,147|
##
||||Net|Transfers||
|---|---|---|---|---|---|
||||movement|between|At|
|||At 1.1.21|in funds|funds|31.12.22|
|Unrestricted
funds||||||
|General fund||297,477|207,320|(202,646)|302,151|
|Capital fund||509,334|||509,334|
|Repair reserve fund||80,000|(81,228)|121,228|120,000|
|Extraordinary
repair fund
Cyclical maintenance
fund||180,000
50,000|(2,988)
~48.4383|22,988
58,430|200,000
60,000|
|||1,116,811|74,674||1,191,485|
|Restricted funds||||||
|Elsie Westwood
fund||30,226|288||30,514|
|Endowment
funds||||||
|Permanent
endowment|fund|171,151|9,599||180,750|
|TOTAL FUNDS||1,318,188|84,561||1,402,749|
|||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|
|||resources|expended|losses|in funds|
|Unrestricted
funds||||||
|General fund||363,892|(165,115)|8,543|207,320|
|Repair reserve fund|||(81,228)||(81,228)|
|Extraordinary
repair fund|||(2,988)||(2,988)|
|Cyclical maintenance|fund||~48,430)||~48,430)|
|||363,892|(297,761)|8,543|74,674|
|Restricted funds||||||
|Elsie Westwood
fund||2,361|(3,701)|1,628|288|
|Endowment
funds||||||
|Permanent
endowment|fund|||9,599|9,599|
|TOTAL FUNDS||366,253|(301,462)|19,770|84,561|
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