## ## ## ## ## |Trustees|| |---|---| |The Trustees
who acted in the year are.|Present term ofoffice expires',| |David John Corney
- Chairman|18July 2027| |Jan Cove|20 April 2027| |Stephen Charles Goodchild|24 February 2025| |Michael Frank Hnlfnrd|26 April 2026| |Graham McGuinness|04 September 2024| |Elizabeth Mary Spencer|15January 2025| |Simon Willcock|31 October 2027| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## INDEPENDENT AUDITOR'S REPORTTO THE TRUSTEES OF THE DAVENPORT HOMES Icontlnuedl Audltoesre5pons#)Ilttles for the audlt Df the flnan¢fal 5tatempnts We have been appoint￿ as audltor undersectlon 144 of the Cha(tties Aci 2011 and reportln accordance wtth re8ulatlDll5 made under sècknon IS4 cf that ACL Ouroblectwe5 4re to obtaln reasonab￿ assurance aboutwhetherthefinanclal statements a5 a whole are free from materlal mtsstatemenL whether dueto fraud orerror, and to issue an audltorfs rq>ortthat Include5 our opinlon. Reasomble aSSUfance is a high ￿e1 of a¥urance, but ￿ not a guarantcethat an audit coThdutted In SCWrdan￿ wlth15A5 IUKI will èlways detect a materlalmi$5tatement when iteylsts. Mi55tacements can arlse from fraud oreiroy and are considered material il, Indlvlduallyor Inihe agsregaty th￿Could rea50naW be expected to inffluence the economlt dedslons olusers taken on thebasls ofthe5e flnanclal ststements. Afurther descrlpllon Df our reSp￿1￿.11tIesfDrtheaUdII of the finandal staternents Is k)otedon the Flnandal Rep¢rtln8 Coundl'swelN'te at., https,'/lwww.frGorg.uk/our-Work/AUditlAudit-and-assuran￿1StandaId5-and6uldan￿lS1andards-aDd-gU1dan￿fOr-aud(torSlA￿d((0￿$- respon51blllties-for-audlt/DescrSptItJn￿-a￿dItQry.resFgnsjb]I+t1e5PfQrWaud￿.aspx, Thls descrlptlon forms part olouraudllorfs reporL We communlcate with those chaiged bthth governantè regardln& arno￿0ther matters, the planned srnpe and ttmingof theaudlt and gn5fl(antaudlt flndln85. Indudlng inv51￿lfiCarrt dEficlendes In hternal con¢rolthat we Identlfy duKing¢uraudl¢. Use ofour report Thls report Is madesolelytothe charf5 Iwustee5, a5 a body, In arrordan£ev41th Part4 ¢f the Chadtles (Attnunts and Reports) Re8uktlons 2LXJ8. Qur audltwork ha5 bEen undertaken 50 that we mightstate to the chJrlt¢s trustees those matters weare reqUI￿d tostsiei¢ ihem in an auditoi's report and for no Other purpose. To the fullest extent permitted w law, wedo not accept or assump. rpsponsbilit¥ to anyone other thin the tharlly andthe charivstrustees asa bth. for our audlt worf¢ for ihls repon, or ￿the oplnlons we have ftrrmed, JW Hlnks LLP CharteredAccounrants and St*utoryAudltors 19 Hlghfleld Road Edibasion 3lrmln8ham West Mldlands B15 3BH Date.,...... ||||Ct
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CCD||Eg|O||||DD||4|| ## |BALANCE S|HEETat 5|April 2023|||| |---|---|---|---|---|---| |||||2023|2022| |||||8|| |Fixed Assets|||||| |Tangible assets (Note 7)||||2,092,268|2,116,620| |Investments|(Note 8)|||3,076,034|3,290,829| |||||5,168,302|5,407,449| |Current Assets|||||| |Debtors (Note 9)|||7,090||5,755| |Bank snd cash|||33,580||23,875| ||||40,670||29,630| |l,ets i,i abilities|||||| |Amounts
falling due within|||||| |one year (Note 10)|||18,953||15,060| |Net Current Assets||||21,717|14,570| |Net Assets||||85,190,019|85,422,019| |Funds (Note 11)|||||| |Income|||||| |Unrestricted|Income|||113,366|107,550| |Designated|for Almshouses||||| |||||113,366|107,550| |Capital|||||| |Expendable|Endowment|||2,984,'385|3,197,849| |Permanent|Endowment|utilised for Ahnshouses||2,092,268|2,116,620| |||||5,076,653|5314,469| |||||85,190,019|85,422,019| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |2.|Income from operating|Income from operating|Income from operating|activities|activities|activities|||| |---|---|---|---|---|---|---|---|---|---| |||||||||2023f|2022f| ||Contributions
from residents||||||||| ||Weetdy maintenance||charges|||||174,021|165,386| ||Gas charges|||||||3,433|2,102| ||Contributions
towards||office costs|||||2,000|'2,000| ||Other income|||||||24|5| |||||||||f179,478|f,169,493| |3,|Income from funds held||||by investment||managers||| |||||||||2023|2022| ||||||||||f| ||income from investments||||listed||||| ||onarecognised stock||exchange|||||80410|68,480| ||Interest on funds held|on||deposit|||||| |||||||||f80,210|f68,480| |4.|Charitable
expenditure||||||||| |||||||||2023|2022| |||||||||8|| ||Uplteep ofalmshouses||and benefits for||||residents||| ||Heating and lighting|||||||6,262|7,957| ||Water rates and council||||tax|||9,824|9,697| ||Insurance|||||||3,760|3,707| ||Depreciation ofbuildings|||||||24,352|24,352| ||Repairs and renewals||||||||| ||Equipment|||||||1,971,|1,144| ||Property|||||||114,350|203,685| ||Estate expenses|||||||27,444|24,606| ||Salaries and pension||contributions|||||49,483|46,474| ||Office expenses|||||||2,047|2,454| ||Sundry expenses|||||||3,338|1,903| |||||||||f242,831|f325,979| ||Charged against Permanent|||||Endowment|||| ||Depreciation|||||||24,352|24,352| ||Charged against Unrestricted|||||Income|||| ||All other charitable|expenses||||||218,479|301,627| |||||||||f242,831|f325,979| |5.|Governance
costs||||||||| |||||||||2023|2022f| ||Accountancy
and audit||||fees|||11,550|3,684| ||Trustees'
indemnity||insurance|||||1,880|1,854| ||Other professional|fees||||||684|| |||||||||f14,114|f5,538| ## ## ## |Freehold land and almshouses|built thereon|||| |---|---|---|---|---| |||Land|Buildings|Total| ||||8|8| |Cost||||| |At 6 April 2022||85,296|2,589,090|2,674,386| |Additions||||| |At 5 April 2023||85,296|2,589,090|2,674&386| |Depreciation||||| |At 6April 2022|||557,766|557,766| |Charge for the year|||24,352|24,352| |At 5April 2023|||582di8|582,118| |Wrigen down value at 5 April|2023|f85,296|f2,006,972|K2,092,268| |Written down value at 5 April|2022|885396|62,031,324|82,116,620| ## ## |for|the year ended 5A|pril 2023 (continued)||| |---|---|---|---|---| |8.|Investments|||| ||||2023|2022| ||Cost ofinvestments|listed on a||| ||recognised
Stock Exchange|||| ||At 6 April 2022||2,227,467|2,150,486| ||Purchases||460,038|221,817| ||Cost ofsales||(309,771)|(144,836)| ||At 5 April 2023||2,377,734|2,227,467| ||Surplus
on revaluation|||| ||At 6 April 2022||986,215|839,229| ||Eliminated
on sales||(164,941)|(23,770)| ||Adjustment
for the|year|(205,802)|170,756| ||At 5 April 2023||615,472|986,215| ||Market Value at 5 April 2023||62,993,206|K3,213,682| ||Investments
at Market Value comprised:|||| ||Government
stock||56,326|66,320| ||Other fixed interest|securities|166,023|191,145| ||Equities and unit tmsts||2,770,857|2,956,217| ||||2,993,206|3713,682| ||Uninvested
cash||82,828|77,147| ||||f3,076,034|83390,829| ## ## |Debtors||||| |---|---|---|---|---| ||||2023|2022| |Dividends|and interestin|transit|5,122|3,870| |Sundry and|Prepayments||1,968|1,885| ||||87,090|f.5,755| ## |Liabilities: Amounts
falling due wit|hin one year|| |---|---|---| ||2023|2022| |Accruals|18,953|15,060| ||818,953|615,060| ## ## |Analysts|ofassets between
fun|ds||| |---|---|---|---|---| ||||Designated|| |income||Unrestricted|for|| |||Income|Almshouses|Total| |||8|8|| |Debtors||7,090||7,090| |Uninvested|cash|91,649||91,649| |Bank and|cash|33,580||33,580| |||132,319||132,319| |Less: Liabdities||18,953||18,953| |||8113,366||8113,366| |Capital||||| |||Expendable|Permanent|| |||Endowment|Endowment|Total| |Tangible assets|||2,092,268|2,092,N8| |Listed investments||2,993/06||2,993,206| |Uninvested|cash|(8,821)||(8,821)| |Bank and|cash|||| |||I2,984,385|82,092,268|I5,076,653| ##