| Page | ||
|---|---|---|
| Legal and administrative | information | |
| Trustees' report | 2-3 | |
| Independent examiner's |
report | |
| Statement offinancial activities |
||
| Balance sheet | ||
| Notes to the financial statements | 7-l2 |
| Trustees | IVlr David Swift | - Chairman | - Chairman | - Chairman | ||
|---|---|---|---|---|---|---|
| Mrs Pauline Ridgwell |
||||||
| Mrs Angela Towler | ||||||
| The Reverend | William | Gibbs | (retired 31July 2022) | |||
| Mrs Ruth Hughes | ||||||
| Miss Teresa Finnigan | ||||||
| Mr Christopher | Trim | |||||
| Charity number | 217154 | |||||
| official office | 12Woollams | |||||
| Vaughan Mead |
||||||
| Redbourn | ||||||
| Hertfordshire | ||||||
| AL3 7DG | ||||||
| Independent | examiner | Gilberts Chartered | Accountants | |||
| Pendragon House |
||||||
| 65 London Road | ||||||
| St Albans | ||||||
| Hertfordshire | ||||||
| AL1 1LI | ||||||
| Bankers | MSBC UK Bank | Plc | ||||
| 1High Street | ||||||
| Harpenden | ||||||
| Hertfordshire | ||||||
| ALS 2RS |
| General | General | ||||||
|---|---|---|---|---|---|---|---|
| funds | funds | ||||||
| 2022 | 2021 | ||||||
| Notes | f | f | |||||
| Income and endowments | from: | ||||||
| Property income |
56,763 | 56,117 | |||||
| Dividends and |
interest | 23,858 | 23,292 | ||||
| Other income | 17 | 49 | |||||
| Total income | 80,638 | 79,458 | |||||
| Charitable ac |
'vities | ||||||
| Almshouse and |
Lybury Field costs | 51,193 | 46,412 | ||||
| Administration | expenses | 7,265 | 7,692 | ||||
| Donations and |
gifts | 2,500 | 1,668 | ||||
| Total charitable | expenditure | 60,958 | 55,772 | ||||
| Net incoming | resources | 19,680 | 23,686 | ||||
| Other recognised gains | and losses | ||||||
| Revaluation of |
investments | (39,137) | 90,542 | ||||
| Net movement | in funds | (19,457) | 114,228 | ||||
| Transfer from | restricted | funds | 6,121 | ||||
| Fund balances | at 1July 2021 | 4,130,961 | 4,010,612 | ||||
| Fund balances | at 30June | 2022 | 4,111,504 | 4,130,961 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | f | f | ||||||
| i:ixed assets | ||||||||
| Tangible assets | 3,066,917 | 3,072,194 | ||||||
| Investments | 1,049,314 | 1,063,451 | ||||||
| 4,116,231 | 4,135,645 | |||||||
| Current assets | ||||||||
| Debtors | 411 | 1,306 | ||||||
| Cash at bank | and in | hand | 26,951 | 24,938 | ||||
| 27,362 | 26,244 | |||||||
| Creditors: amounts | falling due within one | |||||||
| year | ||||||||
| Other creditors | 3,932 | 2,771 | ||||||
| Net current | assets | 23,430 | 23,473 | |||||
| Total assets | less current | liabilities | 4,139,661 | 4,159,118 | ||||
| Restricted funds | ||||||||
| Capital fund | 3,137 | 3,137 | ||||||
| Property equity fund |
25,020 | 25,020 | ||||||
| 12 | 28,157 | 28,157 | ||||||
| Unrestricted | funds | 13 | 4,111,504 | 4,130,961 | ||||
| 4,139,661 | 4,159,118 |
| Almshouses | Lybury field | Total | Almshouses | Lybury field | total | ||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| 2022 | 2022 | 2021 | 2021 | ||||
| Property | income | 55,613 | 1,150 | 56,763 | 54,967 | 1,150 | 56,117 |
| 2022 | 2021 | ||
|---|---|---|---|
| E | |||
| COIF | 23,855 | 23,289 | |
| Interest | receivable | 3 | 3 |
| 23,858 | 23,292 |
| 2022 | 2021 | ||
|---|---|---|---|
| f | |||
| Warden's salary |
7,342 | 7,270 | |
| Depreciation and impairment |
5,278 | 5,278 | |
| Council tax | 1,156 | 1,111 | |
| Water rates | 1,904 | 1,898 | |
| Light and heat | 7,756 | 6,599 | |
| lnsurance | 1,677 | 1,785 | |
| Monitoring charges |
1,093 | 986 | |
| Repairs | 16,880 | 17,037 | |
| Upkeep ofgarden and grounds | 5,705 | 4,410 | |
| Television licence |
35 | 38 | |
| Professional fees |
1,644 | ||
| Social events | 723 | ||
| 51,193 | 46,412 | ||
| AdrniniStratiOn | expenSeS | ||
| 2022 | 2021 | ||
| f | |||
| Clerk's salary | 4,722 | 5,724 | |
| Subscriptions | 213 | 202 | |
| General expenses | 1,070 | 566 | |
| Accountancy | 1,260 | 1,200 | |
| 7,265 | 7,692 | ||
| Donations and |
gifts | ||
| 202Z | 2021 | ||
| f | |||
| Redbourn Care |
Group | 150 | 150 |
| St Mary's PCC |
7 | ||
| Sundry donations | 2,000 | 1,068 | |
| Sundry gifts | 116 | ||
| Christmas gifts |
343 | 327 | |
| 2,500 | 1,668 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Employment costs |
2022 | 2021 f |
||
| Wages and salaries | 12,064 | 12,994 | ||
| Tangible fixed assets | ||||
| Freehold land | Plant and | Total | ||
| and buildings | equipment | |||
| 8 | E | |||
| Cost or valuation | ||||
| At 1July 2021 | 3,030,000 | 108,718 | 3,138,718 | |
| At 30June 2022 | 3,030,000 | 108,718 | 3,138,718 | |
| Depreciation and impairment |
||||
| At 1July 2021 | 66,524 | 66,524 | ||
| Depreciation charged |
in the year | 5,278 | 5,278 | |
| At 30June 2022 | 71,802 | 71,802 | ||
| Carrying amount |
||||
| At 30June 2022 | 3,030,000 | 36,917 | 3,066,917 | |
| At 30June 2021 | 3,030,000 | 42,194 | 3,072,194 |
| Accumulation | Income shares | Property fund | Total | |||||
|---|---|---|---|---|---|---|---|---|
| shares | ||||||||
| Cost or valuation | ||||||||
| At 1July | 2021 | 286,303 | 703,823 | 73,325 | 1,063,451 | |||
| Additions | 25,000 | 25,000 | ||||||
| Valuation | changes | (10,490) | (41,068) | 12,421 | (39,137) | |||
| At 30June 2022 | 800,813 | 662,755 | 85,746 | 1,049,314 | ||||
| 2022 | 2021 | |||||||
| f | ||||||||
| Historic | cost of investments: | |||||||
| Accumulation | shares | 178,757 | 153,757 | |||||
| Income shares | 43,997 | 43,997 | ||||||
| Property | fund | 75,000 | 75,000 | |||||
| 297,754 | 272,754 | |||||||
| 10 | Debtors | |||||||
| 2022 | 2021 | |||||||
| Amounts | falling due within one year: | E | E | |||||
| Prepayments | and accrued income | 411 | 1,306 | |||||
| 11 | Other creditors falling | due within one year | ||||||
| 2022 | 2021 | |||||||
| f | ||||||||
| Accruals | and deferred | income | 3,932 | 2,771 |
| purposes: | |||
|---|---|---|---|
| Balance at | Movement | Balance at | |
| 1July 2021 | 30June 2022 | ||
| f | f | f | |
| Capital fund | 3,137 | 3,137 | |
| Property equity fund | 25,020 | 25,020 | |
| 28,157 | 28,157 |
| Movement | Movement | in funds | in funds | |||||
|---|---|---|---|---|---|---|---|---|
| Balance at | Incoming | Resources | Revaluations, | Balance at | ||||
| 1July 2021 | resources | expended | gains and losses | 30June 2022 | ||||
| f | f | f | ||||||
| Revaluation | reserve | —Land and Buildings | 3,004,980 | 3,004,980 | ||||
| Revaluation | reserve | - Investments | 790,697 | (39,137) | 751,560 | |||
| General reserve | 335,284 | 80,638 | (60,958) | 354,964 | ||||
| 4,130,961 | 80,638 | (60,958) | (39,137) | 4,111,504 |