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2023-03-31-accounts

Page
Report ofthe Trustees 1 to 4
Report ofthe Independent
Auditors		 5 to 7
Statement ofFinancial Activities
Balance Sheet
Notes to the Financial Statements 10 to 17
Detailed Statement ofFinancial Activities

31.3.23 31.3.22
Unrestricted Endowment Total Total
funds funds funds funds
Notes
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 5,000 5,000 125
Charitable
activities
Maintenance 173,774 173,774 176,134
Investment
income		 223 223
Total 178,997 178,997 176,266
EXPENDITURE ON
Charitable
activities
Maintenance 192,135 192,135 178,666
Net gains/(losses)
on investments		 (19,533) (19,533) 40,172
NET INCOME/(EXPENDITURE) (13,138) (19,533) (32,671) 37,772
Transfers
between funds		 15 182 (182)
Net movement
in funds		 (12,956) (19,715) (32,671) 37,772
RECONCILIATION OF FUNDS
Total funds brought
forward		 547,964 2,186,285 2,734,249 2,696,477
TOTAL FUNDS CARRIED FORWARD 535,008 2,166,570 2,701,578 2,734,249

31M arch 2023
31.3.23 31.3.22
Unrestricted Endowment Total Total
funds funds funds funds
Notes
FIXEDASSETS
Tangible assets 11 504,589 1,350,577 1,855,166 1,855,166
Investments 12 815,993 815,993 835,708
504,589 2,166,570 2,671,159 2,690,874
CURRENT ASSETS
Debtors 13 19,004 19,004 5,061
Cash at bank 32,983 32,983 67,959
51,987 51,987 73,020
CREDITORS
Amounts
falling due within one year		 14 (21,568) (21,568) (29,645)
NKT CURRENT ASSETS 30,419 30,419 43,375
TOTAL ASSETSLESSCURRENT
LIABILITIES 535,008 2,166,570 2,701,578 2,734,249
NET ASSETS 535,008 2,166,570 2,701,578 2,734,249
FUNDS 15
Unrestricted
funds'.
General fund 530,962 541,224
Welfare Fund 4,046 6,740
535,008 547,964
Endowment
funds;
Permanent
Endowment		 2,166,570 2,186,285
TOTAL FUNDS 2,701,578 2,734,249

Fixed asset investments represent
collective investment		 represent
collective investment		 funds managed
by Sarasin		 and are included at their
fair
value. The values are based on the Bidprice as at the close of business on the balance sheet date. During the
year
investment
management		 charges generated anet rebate of8182 (2022 - f.178).
2. INVESTMENT INCOME
31.3.23 31.3.22
I
Deposit account interest 223 7
3. INCOME FROM CHARITABLE ACTIVITIES
31.3.23 31.3.22
Activity I 8
Maintenance
contributions		 Maintenance 173,774 176,134
4. CHARITABLE ACTIVITIES COSTS
Direct Support
Costs (see costs (see
note 5) note 6) Totals
Maintenance 186,757 5,378 192,135
5. DIRECT COSTS OF CHARITABLE ACTIVITIES
31.3.23 31.3.22
Staffcosts 130,526 96,470
Welfare fund 2,694 2,620
Council Tax 16
Insurance 5,589 5,203
Telephones 1,053 1,619
Utilities 19,652 26,259
Office Supplies 1,011 1,127
Premises Maintenance 23,866 38,155
Training
travel and sundry		 1,145 1,081
Bank Charges 100 124
Donations 10 260
ITSoftware/
Consumables		 1,111 1,172
186,757 174,106

Governance
costs
f
Maintenance 5,378
Support costs, included in the above, are as follows:
Governance costs
31.3.23 31.3.22
Total
Maintenance activities
Auditors' remuneration 5,378 4,560
AUDITORS' REMUNERATION
31.3.2 31.3.2
3 2
f f
Fees payable to the charity's auditors for the audit ofthe charity's financial
statements 5,378 4,560

STAFF COSTS
31.3.23 31.3.22
Wages and salaries 115,378 85,727
Social security costs 7,055 4,551
Other pension costs 8,093 6,192
130,526 96,470
The average monthly number ofemployees during the year was as follows:
31.3.23 31.3.22
Clerk and Receiver 1 1
Others 3 3

Notes to the Financial Statements - continued
for the Year Ended 31March 2023		 Notes to the Financial Statements - continued
for the Year Ended 31March 2023		 Notes to the Financial Statements - continued
for the Year Ended 31March 2023
10. PRIOR YEAR COMPARATIVKS FOR THK STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Endowment Total
funds funds funds
8 f
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 125 125
Charitable
activities
Maintenance 176,134 176,134
Investment
income
Total 176,266 176,266
EXPENDITURE ON
Charitable
activities
Maintenance 178,666 178,666
Net gains on investments 40,172 40,172
NKT INCOME/(EXPENDITURE) (2,400) 40,172 37,772
Transfers
between funds		 178 (178)
Net movement
in funds		 (2,222) 39,994 37,772
RECONCILIATION
OF FUNDS
Total funds brought
forward		 550,186 2,146,291 2,696,477
TOTAL FUNDS CARRIED FORWARD 547,964 2,186,285 2,734,249
11. TANGIBLE FIXEDASSETS
Freehold
property
8
COST
At 1 April 2022 and 31March 2023 1,855,166
NET BOOK VALUE
At 31March 2023 1,855,166
At 31March 2022 1,855,166
Included
within
fixed assets is the I'reehold of the Almshouse.		 The property
is held at cost of81,855,166.
The
Trustees believe the land value to be at least equal to the cost.

FIXEDASSETINVESTMENTS
Listed
invesunents
f.
MARKET VALUE
At I April 2022 835,708
Revaluations (19,715)
At 31March 2023 815,993
NET BOOKVALUE
At 31March 2023 815,993
At 31March 2022 835,708

31.3.23 31.3.22
Trade debtors 15,433 2,241
Other debtors 151
P repayments 3,420 2,820
19,004 5,061
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
Trade creditors 7,624 10,928
Social security and other taxes 3,170 2,086
Other creditors 674
Accrued expenses 10,100 16,631
21,568 29,645
MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.4.22 in funds funds 31.3.23
I
Unrestricted funds
General fund 541,224 (10,444) 182 530,962
Welfare Fund 6,740 (2,694) 4,046
547,964 (13,138) 182 535,008
Endowment
funds
Permanent
Endowment		 2,186,285 (19,533) (182) 2,166,570
TOTAL FUNDS 2,734,249 (32,671) 2,701,578

MOVEMEN T IN FUNDS - con tinued
Net movement in funds, included in the above are as follows:
Incoming Resources Gains and Movement
resources expended losses in funds
Unrestricted funds
General fund 178,997 (189,441) (10,444)
Welfare Fund (2,694) (2,694)
178,997 (192,135) (13,138)
Endowment funds
Permanent
Endowment		 (19,533) (19,533)
TOTAL FUNDS 178,997 (192,135) (19,533) (32,671)

Comparativ es for movement
in fu		 nds
Net Transfers
movement between At
At 1.4.21 in funds funds 31.3.22
f
Unrestricted funds
General fund 540,826 220 178 541,224
Welfare Fund 9,360 (2,620) 6,740
550,186 (2,400) 178 547,964
Endowment funds
Permanent Endowment 2,146,291 40,172 (178) 2,186,285
TOTAL FUNDS 2,696,477 37,772 2,734,249
Incoming Resources Gains and Movement
resources expended losses in funds
8
Unrestricted funds
General fund 176,266 (176,046) 220
Welfare Fund (2,620) (2,620)
176,266 (178,666) (2,400)
Endowment funds
Permanent
Endowment		 40,172 40,172
TOTALFUNDS 176,266 (178,666) 40,172 37,772

Net Transfers
movement between At
At 1.4.21 in funds funds 31.3.23
Unrestricted funds
General fund 540,826 (10,224) 360 530,962
Welfare Fund 9,360 (5,314) 4,046
550,186 (15,538) 360 535,008
Endowment funds
Pertnanent
Endowment		 2,146,291 20,639 (360) 2,166,570
TOTAL FUNDS 2,696,477 5,101 2,701,578
Incoming Resources Gains and Movement
resources
6		 expended
f		 losses in funds
Unrestricted funds
General fund 355,263 (365,487) (10,224)
Welfare Fund (5,314) (5,314)
355,263 (370,801) (15,538)
Endowment funds
Permanent
Endowment		 20,639 20,639
TOTALFUNDS 355,263 (370,801) 20,639 5,101

for the Year Ended 31Mar ch 2023
31.3.23 31.3.22
INCOME AND ENDOWMENTS
Donations
and legacies
Donations 5,000 125
Investment
income
Deposit account interest 223
Charitable
activities
Maintenance
contributions		 173,774 176,134
Total incoming resources 178,997 176,266
EXPENDITURE
Charitable
activities
Wages 115,378 85,727
Social security 7,055 4,551
Pensions 8,093 6,192
Welfare fund 2,694 2,620
Council Tax 16
Insurance 5,589 5,203
Telephones 1,053 1,619
Utilities 19,652 26,259
Office Supplies 1,011 1,127
Premises Maintenance 23,866 38,155
Training
travel and sundry		 1,145 1,081
Bank Charges 100 124
Donations 10 260
ITSofiwarc/
Consumables		 1,111 1,172
186,757 174,106
Support costs
Governance
costs
Auditors'
remuneration		 5,378 4,560
Total resources expended 192,135 178,666
Net expenditure
before gains and losses		 (13,138) (2,400)
Realised recognised gains and losses
Realised gains/(losses) on fixed asset investments (19,533) 40,172
Net (expenditure)/income (32,671) 37,772