|||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|