| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 6 |
| Report ofthe Independent Auditors |
7 | to | 9 |
| Statement ofFinancial Activities | 10 | ||
| Balance Sheet | |||
| Notes to the Financial Statements | 12 | to | 20 |
| Detailed Statement ofFinancial Activities | 21 | to | 22 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | ||||
| funds | funds | fund | funds | funds | ||||
| Notes | ||||||||
| INCOME AND | ||||||||
| ENDOWMENTS FROM | ||||||||
| Charitable activities |
||||||||
| Letting ofproperties Grant income |
180,575 | 180,575 | 169,771 35,000 |
|||||
| Investment income |
23,794 | 23,794 | 21 784 | |||||
| Total | 204,369 | 204,369 | 226,555 | |||||
| EXPENDITURE ON | ||||||||
| Charitable activities |
||||||||
| Letting ofproperties Investment management |
costs | 188,204 | 19,249 | 7,663 | 215,116 | 167,687 1,200 |
||
| Total | 188,204 | 19,249 | 7,663 | 215,116 | 168,887 | |||
| Net gains/(losses) on investments |
~3,611)' | 646 | ~2,966) | 6,740 | ||||
| NET | ||||||||
| INCOME/(EXPENDITURE) | 12,554 | (19,249) | (7,018) | (13,713) | 64,408 | |||
| Transfers between funds |
12 | 35,000 | (35,000) | |||||
| Other recognised gains/(losses) |
||||||||
| Gains/(losses) on revaluation fixed assets |
of | ~20,686) | ~24,132) | ~44 818) | 71,041 | |||
| Net movement in funds |
26,868 | (54,249) | (31,150) | (58,531) | 135,449 | |||
| RECONCILIATION | OF | |||||||
| FUNDS | ||||||||
| Total funds brought forward |
552,068 | 587,516 | 769,376 | 1,908,960 | 1,773,511 | |||
| TOTAL FUNDS CARRIED | ||||||||
| FORWARD | 578,936 | 533,267 | 738,226 | 1 830,429 | 1,908,960 |
| BALANCE SHEET 31STDECEMBER 2022 |
|||
|---|---|---|---|
| 2022 | 2021 | ||
| Notes | |||
| FIXEDASSETS | |||
| Tangible assets | 763,865 | 783,554 | |
| Investments | 749,958 | 761,842 | |
| 1,513,823 | 1,545,396 | ||
| CURRENT ASSETS | |||
| Debtors | 42,180 | 61,630 | |
| Investments | 127,078 | 139,975 | |
| Cash at bank and in hand | 184,495 | 171743 | |
| 353,753 | 373,348 | ||
| CREDITORS | |||
| Amounts falling due within one year |
10 | (17,147) | (9,784) |
| NET CURRENT ASSETS | 336,606 | 363,564 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 1,850,429 | 1,908,960 | |
| NET ASSETS | 1,850,429 | 1,908,960 | |
| FUNDS | |||
| Unrestricted funds |
578,936 | 552,068 | |
| Restricted funds | 533,267 | 587,516 | |
| Endowment funds |
738,226 | 769,376 | |
| TOTAL FUNDS | 1,850,429 | 1,908,960 |
| INVEST | MENT INCOME | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Dividends | received | 22,645 | 21,779 |
| Interest receivable | 1,149 | 5 | |
| 23,794 | 21,784 |
| 2022 | 2021 | ||
|---|---|---|---|
| Wages Other |
and salaries pension costs |
36,716 642 |
31,322 443 |
| 37,358 | 31,765 |
| TANGIBLE FIXEDASSETS | |
|---|---|
| Freehold | |
| property | |
| COST | |
| At 1stJanuary 2022 |
1,328,196 |
| Additions | 6,023 |
| At 31stDecember 2022 | 1,334,219 |
| DEPRECIATION | |
| At 1stJanuary 2022 | 544,642 |
| Charge for year | 25,712 |
| At 31stDecember 2022 | 570,354 |
| NET BOOK VALUE | |
| At 31stDecember 2022 | 763,865 |
| At 31stDecember 2021 | 783,554 |
| Chapel | |||||
|---|---|---|---|---|---|
| Street | Nurses Home & | ||||
| Cottages | Almshouses | Parsonage | Total | ||
| Freehold properties | breakdown | ||||
| COST | |||||
| At 1 January 2022 | 42,592 | 1,054,586 | 231,018 | 1,328,196 | |
| Additions in the year |
6,023 | 6,023 | |||
| At 31December 2022 | 48,615 | 1,054,586 | 231,018 | 1,334,219 | |
| DEPRECIATION | |||||
| At 1 January 2022 | 438,300 | 106,342 | 544,642 | ||
| Charge for the year | 21,092 | 4,620 | 25,712 | ||
| At 31December 2022 | 459,392 | 110,962 | 570,354 | ||
| NET BOOK VALUE | |||||
| At 31December 2022 | 48,615 | 595,194 | 120,056 | 763,865 | |
| At 31December 2021 | 42,592 | 616,286 | 124,676 | 783,554 |
| FIXEDASS | ETINVESTMENTS | |
|---|---|---|
| Listed | ||
| investments | ||
| MARKET VALUE | ||
| At 1stlanuary | 2022 | 761,842 |
| Additions | 54,997 | |
| Disposals | (45,047) | |
| Revaluations | ~21,834) | |
| At 31stDecember 2022 | 749,958 | |
| NET BOOK | VALUE | |
| At 31stDecember 2022 | 749,958 | |
| At 31stDecember 2021 | 761,842 |
| There were no investment | There were no investment | There were no investment | assets outside the UK. | ||
|---|---|---|---|---|---|
| Cost or valuation | at 31st | December 2022 is represented | by: | ||
| Listed | |||||
| investments | |||||
| Valuation | in 2022 | 147,669 | |||
| Cost | 602,289 | ||||
| 749,958 |
| DEBTORS:AMOUNTS FALLING DUK WITHIN | ONE YEAR | |
|---|---|---|
| 2022 | 2021 | |
| Balance with stockbrokers | 29,179 | 50,458 |
| Prepayments | 13,001 | ~11 172 |
| 42,180 | 61,630 |
| CURR | ENT ASSETINVESTMKNTS | ||
|---|---|---|---|
| 2022 | 2021 | ||
| Listed | investments | 127,078 | 139,975 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| K | ||||||
| Trade creditors | 8,759 | 3,431 | ||||
| Taxation and | social | security | 1,247 | (24) | ||
| Other creditors | 7,141 | 6,377 | ||||
| 17,147 | 9,784 | |||||
| ANALYSIS OF NET ASSETSBETWEEN | FUNDS | |||||
| 2022 | 2021 | |||||
| Unrestricted | Restricted | Endowment | Total | Total | ||
| funds | funds | fund | funds | funds | ||
| Fixed assets | 48,615 | 533,267 | 181,983 | 763,865 | 783,554 | |
| Investments | 217,457 | 532,501 | 749,958 | 761,842 | ||
| Current assets Current liabilities |
330,011 ~I7,147) |
23,742 | 353,753 ~17,147) |
373,348 ~9,784) |
||
| 578,936 | 533,267 | 738,226 | 1,850,429 | 1,908,960 | ||
| MOVEMKNT IN FUNDS | ||||||
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1.1.22 | in funds | funds | 31.12.22 | |||
| Unrestricted | funds | |||||
| General fund | 322,374 | (9,785) | 275 | 312,864 | ||
| 1,000 Fund | 1,122 | (43) | 1,079 | |||
| Extraordinary Chapel Street |
Repair Fund Cottages Fund |
228,572 | 1,696 | (13,890) 48,615 |
216,378 48,615 |
|
| 552„068 | (8,132) | 35,000 | 578,936 | |||
| Restricted funds | ||||||
| Housing Grant Restricted Fund New Project Fund |
552,516 35,000 |
(19,249) | ~35,000) | 533,267 | ||
| 587,516 | (19,249) | (35,000) | 533,267 | |||
| Endowment | funds | |||||
| Capital Endowment | Fund | 769,376 | (31,150) | 738,226 | ||
| TOTAL FUNDS | 1,908,960 | ~58,531) | 1,850,429 |
| Incoming | Resources | Gains and | Movement | ||||
|---|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||||
| f. | |||||||
| Unrestricted | funds | ||||||
| General fund | 204,369 | (188,204) | (25,950) | (9,785) | |||
| 1,000 Fund | (43) | (43) | |||||
| Extraordinary | Repair Fund | 1,696 | 1,696 | ||||
| 204,369 | (188,204) | (24,297) | (8,132) | ||||
| Restricted funds | |||||||
| Housing Grant Restricted Fund | (19,249) | (19,249) | |||||
| Endowment | funds | ||||||
| Capital Endowment | Fund | (7,663) | (23,487) | (31,150) | |||
| TOTAL FUNDS | 204 369 | ~215,116) | ~47 784) | ~58531) | |||
| Comparatives | for movement | in funds | |||||
| Net | Transfers | ||||||
| movement | between | At | |||||
| At 1.1.21 | in funds | funds | 31.12.21 | ||||
| Unrestricted | funds | ||||||
| General fund | 291,060 | 45,204 | (13,890) | 322,374 | |||
| 1,000Fund | 1,027 | 95 | 1,122 | ||||
| Extraordinary | Repair Fund | 190807 | 23,875 | 13,890 | 228,572 | ||
| 482,894 | 69,174 | 552,068 | |||||
| Restricted funds | |||||||
| Housing Grant Restricted Fund New Project Fund |
571,765 | (19,249) 35 000 |
552,516 35,000 |
||||
| 571,765 | 15,751 | 587,516 | |||||
| Endowment | funds | ||||||
| Capital Endowment | Fund | 718,852 | 50,524 | 769,376 | |||
| TOTAL FUNDS | 1,773,511 | 135,449 | 1,908,960 |
| MOVEMEN | T IN FUNDS | T IN FUNDS | - continued | ||||
|---|---|---|---|---|---|---|---|
| Comparative | 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 | 191,555 | (141,975) | (4,376) | 45,204 | |||
| 1,000 Fund | 95 | 95 | |||||
| Extraordinary | Repair | Fund | 23,875 | 23,875 | |||
| 191,555 | (141,975) | 19,594 | 69,174 | ||||
| Restricted funds | |||||||
| Housing Grant Restricted Fund | (19,249) | (19,249) | |||||
| New Project | Fund | 35000 | 35,000 | ||||
| 35,000 | (19,249) | 15,751 | |||||
| Endowment | funds | ||||||
| Capital Endowment | Fund | (7,663) | 58,187 | 50,524 | |||
| TOTAL FUNDS | 226,555 | i168,887) | 77,781 | 135,449 |
| ACCOMO | DATION IN M |
ANA | GEMENT | |||||
|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||||
| No. | No. | |||||||
| Almshouse | accommodation | units | - housing | for | older | persons | 28 | 28 |
| 28 |
| DETAILED STATEMENT OF FINAN FORTHE YEAR ENDED 31STD |
CIAL ACTIVITIES ECEMBER 2022 |
|||
|---|---|---|---|---|
| 2022 | 2021 | |||
| INCOME AND ENDOWMENTS | ||||
| Investment income |
||||
| Dividends received |
22,645 | 21,779 | ||
| Interest receivable | 1,149 | 5 | ||
| 23,794 | 21,784 | |||
| Charitable activities |
||||
| Letting ofproperties | 179,654 | 169,497 | ||
| Grants | 35,000 | |||
| Miscellaneous | 921 | 274 | ||
| 180,575 | 204,771 | |||
| Total incoming resources |
204,369 | 226,555 | ||
| EXPENDITURE | ||||
| Charitable activities |
||||
| Wages | 36,716 | 31,322 | ||
| Pensions | 642 | 443 | ||
| Rates and water | 1,880 | 1,383 | ||
| Insurance | 11,297 | 10,556 | ||
| Light and heat | 8,571 | 6,442 | ||
| Telephone | 1,665 | 3,759 | ||
| Sundries | 6,407 | 5,986 | ||
| Legal and professional | fees | (1,551) | 2,500 | |
| General repairs and maintenance | 54,382 | 55,522 | ||
| Emergency call centre Window cleaner |
3,429 1,185 |
2,057 2,015 |
||
| Equipment | 1,360 | |||
| Audit and accountancy | 6,198 | 6,630 | ||
| Temporary Admin Officer |
19,800 | 12,000 | ||
| Broker charges | 1,200 | 1,200 | ||
| Cleaning | 1,485 | |||
| Quinquennial repairs |
1,624 | |||
| Clock tower repairs | 34,337 | |||
| Freehold property depreciation |
25,712 | 25,712 | ||
| 214,979 | 168,887 | |||
| Support costs | ||||
| Finance | ||||
| Bank charges | 137 | |||
| Total resources expended | 215,116 | 168,887 | ||
| Net (expenditure)/income | before gains and | |||
| losses | (10,747) | 57,668 |
| DETAILED STATEMENT OF FINANC FOR THE YEAR ENDED 31STDE |
IAL ACTIVITIES CEMBER 2022 |
||
|---|---|---|---|
| 2022 | 2021 | ||
| Realised recognised Realised gains/(losses) |
gains and losses on fixed asset investments |
~2,966) | 6,740 |
| Net (expenditure)/income | ~13,713) | 64,408 |