```
REGISTERED CHARITY NUMBER: 217793
```

## **`REPORT OF THE TRUSTEES AND`** 

```
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
```

```
FOR
```

## **`THE SCARBOROUGH MUNICIPAL CHARITY`** 

```
Fortus North Limited
Business Advisors & Accountants
5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU
```



```
THE SCARBOROUGH MUNICIPAL CHARITY
```

## **`CONTENTS OF THE FINANCIAL STATEMENTS For The Year Ended 31 December 2023`** 


**----- Start of picture text -----**<br>
Page<br>Report of the Trustees   1 to 3<br>Independent Examiner's Report   4<br>Statement of Financial Activities   5<br>Balance Sheet   6<br>Notes to the Financial Statements   7 to 15<br>Detailed Statement of Financial Activities   16<br>**----- End of picture text -----**<br>




```
THE SCARBOROUGH MUNICIPAL CHARITY
```

```
REPORT OF THE TRUSTEES
For The Year Ended 31 December 2023
```

```
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyear ended
31December2023.ThetrusteeshaveadoptedtheprovisionsofAccountingandReportingby Charities:
StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsin accordance
withtheFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective 1
January 2019).
```

## **`OBJECTIVES AND ACTIVITIES`** 

## **`Objectives and aims`** 

```
ThecharityhasthegeneralaimofcontributingtothequalityoflifeofthepeopleofScarborough by
providinggoodqualityaffordableaccommodation,grantsforeducationandtrainingandtoassistin the
purchaseofessentialitems.TheTrustinvitesapplicationsfromindividualswhomeettheTrust'scriteria and
details of how to apply can be obtained by contacting the Trusts main office.
```

## **`Significant activities`** 

```
Theprincipalactivityofthecharityisthemanagementandadministrationofcharities,forthebenefit of
almspeople,poor,agedandblindresidentsoftheBoroughofScarborough.Benefitsincludethe provision
of accommodation and grants to assist in the purchase of essential items and those in need.
```

## **`Public benefit`** 

```
Thetrusteesconsiderthattheyhavecompliedwiththeirdutytohavedueregardtotheguidance on
publicbenefitpublishedbytheCharityCommissioninexercisingtheirpowersandduties,ascanbe seen
in the activities and achievements above.
```

## **`FINANCIAL REVIEW`** 

## **`Financial position`** 

```
The trustees are of the opinion that the charity's financial position at the balance sheet date is satisfactory.
```

```
Therewerenomajormaintenanceorrefurbishmentprojectscarriedoutduring2023,howeverthe charity
continuedwithroutineworkstokeepthepropertiesuptoagoodstandardforitsresidents.Asaresult of
this reduced spend,. no transfer from the cyclical maintenance fund was made during the year.
```

```
Overallunrestrictedreservesincreasedby£95,371during2023.Thecharity'sinvestmentsincreasedin value
by£323,127overtheyear,whichmorethanreversedthedropduringthepreviousyearwhichwasone of
the worst years for the markets since 2008.
```

```
Thetrusteesbelievethattherearesufficientreservesforthecharitytocontinueitscharitableactivities for
the foreseeable future.
```

## **`Principal funding sources`** 

```
Thecharityraisesitsincomefromitsresidentsanditsinvestmentswhichallowedthecharitytomeet its
objectivesduringtheyearandtoawardgrantsof£7,000inaccordancewithitsobjectives.Atransfer of
£34,210 was also made to the extraordinary repair fund from the general fund.
```

## **`Investment policy and objectives`** 

```
Under the governing document the charity has the power to invest in any way the trustees wish.
```

```
Thetrustees,havingregardtotheliquidityrequirementsofoperatingthehomesandtothereserves policy,
keepavailablefundsinaninterestbearingdepositaccount,andtheinvestmentsareregularly monitored
by the trustees.
```

## **`Reserves policy`** 

```
Inrecentyearstherehasbeenconsiderablevolatilityinthestockmarketandasaresultthetrustees have
adoptedaprudentpolicyofmaintainingreservesataleveltomeetoneyearsrunningcostsand high
property maintenance costs.
```

```
Thereservespolicyismonitoredandreviewedannuallybythetrusteesandtheyconsiderthatthislevel will
ensure that there are sufficient funds available to cover support and governance costs.
```

```
Page 1
```



```
THE SCARBOROUGH MUNICIPAL CHARITY
```

## **`REPORT OF THE TRUSTEES For The Year Ended 31 December 2023`** 

## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`** 

## **`Governing document`** 

```
TheTrustisanunincorporatedtrust,theadministrationandmanagementofwhichisinaccordance with
the provisions of the scheme approved by the Charity Commissioners on 9 August 2005.
```

## **`Recruitment and appointment of new trustees`** 

```
ThetrusteespreviouslyincludedthreeNominatedtrusteesappointedbyScarboroughBoroughCouncil and
theMayorofScarboroughasanex-officiotrustee.Followingthecreationofthenewcombined authority
ofNorthYorkshireCouncil,therearenowfournominatedcouncillors.Theothertrusteesare co-opted
trusteesdrawnlargelyfromthelocalbusinesscommunity.Whenconsideringco-optingtrusteesregard is
```

```
had to the requirement for any specialist skills needed and the suitability of all applicants.
```

## **`Organisational structure`** 

```
TheattachedaccountsincludetheresultsofallcharitiesadministeredbythetrusteesofThe Scarborough
MunicipalCharity.ThesecharitiesconsistoftheAlmshousebranchandtheReliefinNeedbranchof The
Scarborough Municipal Charity .
```

## **`Induction and training of new trustees`** 

```
Newtrusteesarebriefedontheirlegalobligationsundercharitylaw,thecontentoftheconstitution, the
committeeanddecisionmakingprocess,thebusinessplanandtherecentfinancialperformanceof the
charity.
```

## **`Risk management`** 

```
Thetrusteeshaveconsideredthemajorriskstowhichthecharityisexposedandhavereviewedthose risks
andestablishedsystemsandprocedurestomanagethoserisks.Theriskmanagementstrategy comprises
an annual review of both financial and non-financial risks to the charity.
```

```
Akeyelementofmanagingfinancialriskisthesettingofareservespolicyanditsregularreviewby the
trustees.
```

## **`REFERENCE AND ADMINISTRATIVE DETAILS`** 

## **`Registered Charity number`** 

```
217793
```

## **`Principal address`** 

```
126 Falsgrave Road
Scarborough
North Yorkshire
YO12 5BE
```

## **`Trustees`** 

```
Mr W Chatt (Chair)
Cllr. Mrs J H Jefferson
Mr B S Pearson (Vice Chair)
Miss T Pickering
Mr M Smith
Mrs C Guest
Mrs C Robertson
Cllr. R Maw
Cllr. Mr S Sharma
Cllr. Mr E Broadbent (Ex-officio)
```

```
Page 2
```



```
THE SCARBOROUGH MUNICIPAL CHARITY
```

## **`REPORT OF THE TRUSTEES For The Year Ended 31 December 2023`** 

## **`REFERENCE AND ADMINISTRATIVE DETAILS`** 

## **`Independent Examiner`** 

```
Mr P B Dixon ACA
Fortus North Limited
Business Advisors & Accountants
5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU
```

```
Approved by order of the board of trustees on 26 April 2024 and signed on its behalf by:
```

```
Mr W Chatt - Trustee
```

```
Page 3
```



```
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
```

## **`THE SCARBOROUGH MUNICIPAL CHARITY`** 

## **`Independent examiner's report to the trustees of The Scarborough Municipal Charity`** 

```
IreporttothecharitytrusteesonmyexaminationoftheaccountsofTheScarboroughMunicipal Charity
(the Trust) for the year ended 31 December 2023.
```

## **`Responsibilities and basis of report`** 

```
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsin accordance
with the requirements of the Charities Act 2011 ('the Act').
```

```
IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutunderSection145oftheActand in
carryingoutmyexaminationIhavefollowedallapplicableDirectionsgivenbytheCharity Commission
under Section 145(5)(b) of the Act.
```

## **`Independent examiner's statement`** 

```
Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattention in
connection with the examination giving me cause to believe that in any material respect:
```

`1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or` 

`2. the accounts do not accord with those records; or` 

`3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.` 

```
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.
```

```
Mr P B Dixon ACA
```

```
Fortus North Limited
Business Advisors & Accountants
5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU
```

```
26 April 2024
```

```
Page 4
```



```
THE SCARBOROUGH MUNICIPAL CHARITY
```

## **`STATEMENT OF FINANCIAL ACTIVITIES`** 

## **`For The Year Ended 31 December 2023`** 

|`Unrestricted`<br>`funds`<br>`Notes`<br>`£`<br>**`INCOME AND ENDOWMENTS`**<br>**`FROM`**<br>**`Charitable activities`**<br>`3`<br>`Scarborough Municipal`<br>`Charities`<br>`169,422`<br>`Investment income`<br>`2`<br>`61,402`<br>**`Total`**<br>`230,824`<br>**`EXPENDITURE ON`**<br>**`Charitable activities`**<br>`4`<br>`Scarborough Municipal`<br>`Charities`<br>`100,012`<br>`Net gains/(losses) on`<br>`investments`<br>`3,008`<br>**`NET INCOME/(EXPENDITURE)`**<br>`133,820`<br>**`Transfers between funds`**<br>`18`<br>`(38,449)`<br>**`Net movement in funds`**<br>`95,371`<br>**`RECONCILIATION OF FUNDS`**<br>`Total funds brought forward`<br>`748,546`<br>**`TOTAL FUNDS CARRIED`**<br>**`FORWARD`**<br>`843,917`|`Restricted`<br>`fund`<br>`£`<br>`-`<br>`-`<br>`-`<br>`-`<br>`280,481`<br>`280,481`<br>`37,460`<br>`317,941`<br>`2,323,124`<br>`2,641,065`|`Endowment`<br>`fund`<br>`£`<br>`-`<br>`-`<br>`-`<br>`-`<br>`39,638`<br>`39,638`<br>`989`<br>`40,627`<br>`929,334`<br>`969,961`|`2023`<br>`Total`<br>`funds`<br>`£`<br>`169,422`<br>`61,402`<br>`230,824`<br>`100,012`<br>`323,127`<br>`453,939`<br>`-`<br>`453,939`<br>`4,001,004`<br>`4,454,943`|`2022`<br>`Total`<br>`funds`<br>`£`<br>`170,313`<br>`40,470`<br>`210,783`<br>`120,792`<br>`(276,493)`<br>`(186,502)`<br>`-`<br>`(186,502)`<br>`4,187,506`<br>`4,001,004`|
|---|---|---|---|---|



```
The notes form part of these financial statements
```

```
Page 5
```



## **`THE SCARBOROUGH MUNICIPAL CHARITY`** 

## **`BALANCE SHEET`** 

## **`31 December 2023`** 

|`Notes`<br>**`FIXED ASSETS`**<br>`Tangible assets`<br>`10`<br>`Investments`<br>`11`<br>**`CURRENT ASSETS`**<br>`Debtors`<br>`12`<br>`Cash at bank and in hand`<br>`13`<br>**`CREDITORS`**<br>`Amounts falling due within one year`<br>`14`<br>**`NET CURRENT ASSETS`**<br>**`TOTAL ASSETS LESS CURRENT LIABILITIES`**<br>**`CREDITORS`**<br>`Amounts falling due after more than one`<br>`year`<br>`15`<br>**`NET ASSETS`**<br>**`FUNDS`**<br>`18`<br>`Unrestricted funds`<br>`Restricted funds`<br>`Endowment funds`<br>**`TOTAL FUNDS`**|`2023`<br>`£`<br>`197,885`<br>`3,663,435`<br>`3,861,320`<br>`4,287`<br>`678,913`<br>`683,200`<br>`(19,326)`<br>`663,874`<br>`4,525,194`<br>`(70,251)`<br>`4,454,943`<br>`843,917`<br>`2,641,065`<br>`969,961`<br>`4,454,943`|`2022`<br>`£`<br>`197,885`<br>`3,306,098`<br>`3,503,983`<br>`3,849`<br>`584,829`<br>`588,678`<br>`(20,301)`<br>`568,377`<br>`4,072,360`<br>`(71,356)`<br>`4,001,004`<br>`745,296`<br>`2,326,374`<br>`929,334`<br>`4,001,004`|
|---|---|---|



```
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon26April 2024
and were signed on its behalf by:
```

```
Mr W Chatt - Trustee
```

```
The notes form part of these financial statements
```

```
Page 6
```



```
THE SCARBOROUGH MUNICIPAL CHARITY
```

```
NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2023
```

## **`1. ACCOUNTING POLICIES`** 

## **`Basis of preparing the financial statements`** 

```
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingby Charities:
StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccounts in
accordancewiththeFinancialReportingStandardapplicableintheUKandRepublicof Ireland
(FRS102)(effective1January2015)andtheCharitiesAct2011.Thefinancialstatementshave been
preparedunderthehistoricalcostconventionwiththeexceptionofinvestmentswhichare included
at market value.
```

## **`Financial reporting standard 102 - reduced disclosure exemptions`** 

```
Thecharityhastakenadvantageofthefollowingdisclosureexemptioninpreparingthese financial
statements,aspermittedbyFRS102'TheFinancialReportingStandardapplicableintheUK and
Republic of Ireland':
```

- `the requirements of Section 7 Statement of Cash Flows.` 

## **`Income`** 

```
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlement to
thefunds,itisprobablethattheincomewillbereceivedandtheamountcanbe measured
reliably.
```

## **`Expenditure`** 

```
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefits will
berequiredinsettlementandtheamountoftheobligationcanbemeasuredreliably. Expenditure
isaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregate all
costrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadings they
have been allocated to activities on a basis consistent with the use of resources.
```

```
Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearenddatearenotedas a
commitment but not accrued as expenditure.
```

## **`Tangible fixed assets`** 

```
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetover its
estimated useful life.
```

```
Fixtures and fittings- 20% on reducing balance
```

```
Thepropertyheldbythetrustisusedentirelyfordirectcharitablepurposes.TheCharityhas taken
advantage of FRS102 transitional relief to use a valuation as deemed cost.
```

## **`Taxation`** 

```
The charity is exempt from tax on its charitable activities.
```

## **`Fund accounting`** 

```
Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretion of
the trustees.
```

```
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedforparticular restricted
purposes.
```

```
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
```

```
continued...
```

```
Page 7
```



```
THE SCARBOROUGH MUNICIPAL CHARITY
```

## **`NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 December 2023`** 

## **`1. ACCOUNTING POLICIES - continued`** 

## **`Pension costs and other post-retirement benefits`** 

```
Thecharityoperatesadefinedcontributionpensionscheme.Contributionspayabletothe charity's
pensionschemearechargedtotheStatementofFinancialActivitiesintheperiodtowhich they
relate.
```

## **`2. INVESTMENT INCOME`** 

|`Investment income`<br>**`INCOME FROM CHARITABLE ACTIVITIES`**<br>`Activity`<br>`Residents fees`<br>`Scarborough Municipal Charities`<br>**`CHARITABLE ACTIVITIES COSTS`**<br>`Grant`<br>`funding of`<br>`Direct`<br>`activities`<br>`Costs (see`<br>`(see note`<br>`note 5)`<br>`6)`<br>`£`<br>`£`<br>`Scarborough Municipal Charities`<br>`87,882`<br>`7,000`<br>**`DIRECT COSTS OF CHARITABLE ACTIVITIES`**<br>`Staff costs`<br>`Rates and water`<br>`Insurance`<br>`Light and heat`<br>`Telephone`<br>`Stationery, postage and adverts`<br>`Repairs and renewals`<br>`Gardening`<br>`Licences and subscriptions`<br>`Sundry expenses`<br>`Warden call`<br>`Payroll costs`<br>`Bank charges`<br>`Interest payable and similar charges`|`2023`<br>`£`<br>`61,402`<br>`2023`<br>`£`<br>`169,422`<br>`Support`<br>`costs (see`<br>`note 7)`<br>`£`<br>`5,130`<br>`2023`<br>`£`<br>`28,364`<br>`11,319`<br>`5,938`<br>`12,442`<br>`558`<br>`932`<br>`14,061`<br>`3,075`<br>`623`<br>`118`<br>`1,097`<br>`567`<br>`586`<br>`8,202`<br>`87,882`|`2022`<br>`£`<br>`40,470`<br>`2022`<br>`£`<br>`170,313`|`2022`<br>`£`<br>`40,470`|
|---|---|---|---|
|||`Totals`<br>`£`<br>`100,012`||
|||`2022`<br>`£`<br>`26,556`<br>`9,589`<br>`4,436`<br>`6,118`<br>`564`<br>`1,058`<br>`48,871`<br>`2,864`<br>`545`<br>`470`<br>`1,702`<br>`747`<br>`592`<br>`8,305`||
|||`112,417`||



## **`3. INCOME FROM CHARITABLE ACTIVITIES`** 

## **`4. CHARITABLE ACTIVITIES COSTS`** 

## **`5. DIRECT COSTS OF CHARITABLE ACTIVITIES`** 

```
continued...
```

```
Page 8
```



```
THE SCARBOROUGH MUNICIPAL CHARITY
```

## **`NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 December 2023`** 

## **`6. GRANTS PAYABLE`** 

|**`GRANTS PAYABLE`**|||
|---|---|---|
||`2023`|`2022`|
||`£`|`£`|
|`Scarborough Municipal Charities`|`7,000`|`3,485`|
|`The total grants paid to individuals during the year was as`|||
|`follows:`|||
||`2023`|`2022`|
||`£`|`£`|
|`Various`|`7,000`|`3,485`|
|`The total amount comprises various small grants paid to individuals.`|||
|**`SUPPORT COSTS`**|||
|||`Governance`|
|||`costs`|
|||`£`|
|`Scarborough Municipal Charities`||`5,130`|
|`Support costs, included in the above, are as follows:`|||
|**`Governance costs`**|||
||`2023`|`2022`|
||`Scarborough`||
||`Municipal`|`Total`|
||`Charities`|`activities`|
||`£`|`£`|
|`Accountancy fees`|`5,130`|`4,890`|



## **`7. SUPPORT COSTS`** 

## **`8. TRUSTEES' REMUNERATION AND BENEFITS`** 

```
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2023nor for
the year ended 31 December 2022.
```

## **`Trustees' expenses`** 

```
Therewerenotrustees'expensespaidfortheyearended31December2023norfortheyear ended
31 December 2022.
```

## **`9. STAFF COSTS`** 

|**`STAFF COSTS`**|||
|---|---|---|
|`Wages and salaries`<br>`Other pension costs`|`2023`<br>`£`<br>`27,935`<br>`429`<br>`28,364`|`2022`<br>`£`<br>`26,168`<br>`388`|
|||`26,556`|



```
continued...
```

```
Page 9
```



```
THE SCARBOROUGH MUNICIPAL CHARITY
```

```
NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2023
```

## **`9. STAFF COSTS - continued`** 

```
The average monthly number of employees during the year was as follows:
```

|`Administrator`<br>`Warden`|`2023`<br>`1`<br>`1`<br>`2`|`2022`<br>`1`<br>`1`|
|---|---|---|
|||`2`|



```
No employees received emoluments in excess of £60,000.
```

## **`10. TANGIBLE FIXED ASSETS`** 

|**`COST`**<br>`At 1 January 2023 and`<br>`31 December 2023`<br>**`DEPRECIATION`**<br>`At 1 January 2023 and`<br>`31 December 2023`<br>**`NET BOOK VALUE`**<br>`At 31 December 2023`<br>`At 31 December 2022`|`Freehold`<br>`property`<br>`£`<br>`197,885`<br>`-`<br>`197,885`<br>`197,885`|`Fixtures`<br>`and`<br>`fittings`<br>`£`<br>`2,020`<br>`2,020`<br>`-`<br>`-`|`Totals`<br>`£`<br>`199,905`|
|---|---|---|---|
||||`2,020`|
||||`197,885`|
||||`197,885`|



```
The property held by the trust is used entirely for direct charitable purposes.
```

## **`11. FIXED ASSET INVESTMENTS`** 

|**`MARKET VALUE`**<br>`At 1 January 2023`<br>`Additions`<br>`Revaluations`<br>`At 31 December 2023`<br>**`NET BOOK VALUE`**<br>`At 31 December 2023`<br>`At 31 December 2022`|`Unlisted`<br>`investments`<br>`£`<br>`3,306,098`<br>`34,210`<br>`323,127`<br>`3,663,435`<br>`3,663,435`<br>`3,306,098`|
|---|---|



```
There were no investment assets outside the UK.
```

```
TheinvestmentportfolioconsistssolelyofCOIFCharitiesInvestmentFundaccumulationand income
units.
```

```
continued...
```

```
Page 10
```



```
THE SCARBOROUGH MUNICIPAL CHARITY
```

## **`NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 December 2023`** 

## **`12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`** 

|`Debtors and prepayments`<br>**`13.`**<br>**`CASH AT BANK AND IN HAND`**<br>`Cyclical`<br>`General`<br>`Maintenance`<br>`fund`<br>`fund`<br>`£`<br>`£`<br>`Cash in hand`<br>`15`<br>`-`<br>`Current account`<br>`120,949`<br>`-`<br>`Cyclical maintenance fund`<br>`-`<br>`292,480`<br>`General deposit account`<br>`265,469`<br>`-`<br>`Total`<br>`386,433`<br>`292,480`<br>**`14.`**<br>**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**<br>`Other loans (see note 16)`<br>`Creditors and accruals`<br>**`15.`**<br>**`CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR`**<br>`Other loans (see note 16)`<br>**`16.`**<br>**`LOANS`**<br>`An analysis of the maturity of loans is given below:`<br>`Amounts falling due within one year on demand:`<br>`Housing corporation loan`<br>`Amounts falling between one and two years:`<br>`Housing corporation loan`<br>`Amounts falling due between two and five years:`<br>`Housing corporation loan`<br>`Amounts falling due in more than five years:`<br>`Repayable by instalments:`<br>`Housing corporation loan`|`2023`<br>`£`<br>`4,287`<br>`2023`<br>`Total`<br>`funds`<br>`£`<br>`15`<br>`120,949`<br>`292,480`<br>`265,469`<br>`678,913`<br>`2023`<br>`£`<br>`1,105`<br>`18,221`<br>`19,326`<br>`2023`<br>`£`<br>`70,251`<br>`2023`<br>`£`<br>`1,105`<br>`1,234`<br>`4,638`<br>`64,379`|`2022`<br>`£`<br>`3,849`<br>`2022`<br>`Total`<br>`funds`<br>`£`<br>`101`<br>`79,655`<br>`231,451`<br>`273,622`|`2022`<br>`£`<br>`3,849`<br>`2022`<br>`Total`<br>`funds`<br>`£`<br>`101`<br>`79,655`<br>`231,451`<br>`273,622`|`2022`<br>`£`<br>`3,849`|
|---|---|---|---|---|
|||`584,829`|||
||||`2022`<br>`£`<br>`989`<br>`19,312`||
||||`20,301`||
||||`2022`<br>`£`<br>`71,356`||
||||`2022`<br>`£`<br>`989`||
||||`1,105`||
||||`4,152`||
||||`66,099`||



```
continued...
```

```
Page 11
```



```
THE SCARBOROUGH MUNICIPAL CHARITY
```

## **`NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 December 2023`** 

## **`17. ANALYSIS OF NET ASSETS BETWEEN FUNDS`** 

|`Fixed assets`<br>`Investments`<br>`Current assets`<br>`Current liabilities`<br>`Long term liabilities`<br>**`18.`**<br>**`MOVEMENT IN FUNDS`**|`Unrestricted`<br>`funds`<br>`£`<br>`-`<br>`178,938`<br>`683,200`<br>`(18,221)`<br>`-`<br>`843,917`|`Restricted`<br>`fund`<br>`£`<br>`-`<br>`2,641,065`<br>`-`<br>`-`<br>`-`<br>`2,641,065`|`Endowment`<br>`fund`<br>`£`<br>`197,885`<br>`843,432`<br>`-`<br>`(1,105)`<br>`(70,251)`<br>`969,961`|`2023`<br>`Total`<br>`funds`<br>`£`<br>`197,885`<br>`3,663,435`<br>`683,200`<br>`(19,326)`<br>`(70,251)`<br>`4,454,943`|`2022`<br>`Total`<br>`funds`<br>`£`<br>`197,885`<br>`3,306,098`<br>`588,678`<br>`(20,301)`<br>`(71,356)`<br>`4,001,004`|
|---|---|---|---|---|---|



|**`Unrestricted funds`**<br>`General fund`<br>`Cyclical Maintenance fund`<br>**`Restricted funds`**<br>`Extraordinary repair fund`<br>**`Endowment funds`**<br>`Capital accounts`<br>**`TOTAL FUNDS`**|`At 1.1.23`<br>`£`<br>`517,095`<br>`231,451`<br>`748,546`<br>`2,323,124`<br>`929,334`<br>`4,001,004`|`Net`<br>`movement`<br>`in funds`<br>`£`<br>`122,991`<br>`10,829`<br>`133,820`<br>`280,481`<br>`39,638`<br>`453,939`|`Transfers`<br>`between`<br>`funds`<br>`£`<br>`(88,649)`<br>`50,200`<br>`(38,449)`<br>`37,460`<br>`989`<br>`-`|`At`<br>`31.12.23`<br>`£`<br>`551,437`<br>`292,480`|
|---|---|---|---|---|
|||||`843,917`<br>`2,641,065`<br>`969,961`|
|||||`4,454,943`|



```
Net movement in funds, included in the above are as follows:
```

|**`Unrestricted funds`**<br>`General fund`<br>`Cyclical Maintenance fund`<br>**`Restricted funds`**<br>`Extraordinary repair fund`<br>**`Endowment funds`**<br>`Capital accounts`<br>**`TOTAL FUNDS`**|`Incoming`<br>`Resources`<br>`Gains and`<br>`Movement`<br>`resources`<br>`expended`<br>`losses`<br>`in funds`<br>`£`<br>`£`<br>`£`<br>`£`<br>`219,995`<br>`(100,012)`<br>`3,008`<br>`122,991`<br>`10,829`<br>`-`<br>`-`<br>`10,829`<br>`230,824`<br>`(100,012)`<br>`3,008`<br>`133,820`<br>`-`<br>`-`<br>`280,481`<br>`280,481`<br>`-`<br>`-`<br>`39,638`<br>`39,638`<br>`230,824`<br>`(100,012)`<br>`323,127`<br>`453,939`|
|---|---|



```
continued...
```

```
Page 12
```



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THE SCARBOROUGH MUNICIPAL CHARITY
```

## **`NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 December 2023`** 

## **`18. MOVEMENT IN FUNDS - continued`** 

## **`Comparatives for movement in funds`** 

|`Net`<br>`movement`<br>`At 1.1.22`<br>`in funds`<br>`£`<br>`£`<br>**`Unrestricted funds`**<br>`General fund`<br>`488,661`<br>`101,929`<br>`Cyclical Maintenance fund`<br>`204,147`<br>`(17,596)`<br>`692,808`<br>`84,333`<br>**`Restricted funds`**<br>`Extraordinary repair fund`<br>`2,507,030`<br>`(211,616)`<br>**`Endowment funds`**<br>`Capital accounts`<br>`987,668`<br>`(59,219)`<br>**`TOTAL FUNDS`**<br>`4,187,506`<br>`(186,502)`<br>`Comparative net movement in funds, included in the above are as follows:`<br>`Incoming`<br>`Resources`<br>`resources`<br>`expended`<br>`£`<br>`£`<br>**`Unrestricted funds`**<br>`General fund`<br>`208,784`<br>`(101,197)`<br>`Cyclical Maintenance fund`<br>`1,999`<br>`(19,595)`<br>`210,783`<br>`(120,792)`<br>**`Restricted funds`**<br>`Extraordinary repair fund`<br>`-`<br>`-`<br>**`Endowment funds`**<br>`Capital accounts`<br>`-`<br>`-`<br>**`TOTAL FUNDS`**<br>`210,783`<br>`(120,792)`|`Transfers`<br>`between`<br>`funds`<br>`£`<br>`(76,745)`<br>`44,900`<br>`(31,845)`<br>`30,960`<br>`885`<br>`-`<br> <br>`Gains and`<br>`losses`<br>`£`<br>`(5,658)`<br>`-`<br>`(5,658)`<br>`(211,616)`<br>`(59,219)`<br>`(276,493)`|`At`<br>`31.12.22`<br>`£`<br>`513,845`<br>`231,451`<br>`745,296`<br>`2,326,374`<br>`929,334`<br>`4,001,004`<br>`Movement`<br>`in funds`<br>`£`<br>`101,929`<br>`(17,596)`<br>`84,333`<br>`(211,616)`<br>`(59,219)`<br>`(186,502)`|
|---|---|---|



```
continued...
```

```
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## **`NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 December 2023`** 

## **`18. MOVEMENT IN FUNDS - continued`** 

```
A current year 12 months and prior year 12 months combined position is as follows:
```

|**`Unrestricted funds`**<br>`General fund`<br>`Cyclical Maintenance fund`<br>**`Restricted funds`**<br>`Extraordinary repair fund`<br>**`Endowment funds`**<br>`Capital accounts`<br>**`TOTAL FUNDS`**|`At 1.1.22`<br>`£`<br>`488,661`<br>`204,147`<br>`692,808`<br>`2,507,030`<br>`987,668`<br>`4,187,506`|`Net`<br>`movement`<br>`in funds`<br>`£`<br>`224,920`<br>`(6,767)`<br>`218,153`<br>`68,865`<br>`(19,581)`<br>`267,437`|`Transfers`<br>`between`<br>`funds`<br>`£`<br>`(165,394)`<br>`95,100`<br>`(70,294)`<br>`68,420`<br>`1,874`<br>`-`|`At`<br>`31.12.23`<br>`£`<br>`548,187`<br>`292,480`|
|---|---|---|---|---|
|||||`840,667`<br>`2,644,315`<br>`969,961`|
|||||`4,454,943`|



```
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,included in
the above are as follows:
```

|**`Unrestricted funds`**<br>`General fund`<br>`Cyclical Maintenance fund`<br>**`Restricted funds`**<br>`Extraordinary repair fund`<br>**`Endowment funds`**<br>`Capital accounts`<br>**`TOTAL FUNDS`**|`Incoming`<br>`Resources`<br>`Gains and`<br>`Movement`<br>`resources`<br>`expended`<br>`losses`<br>`in funds`<br>`£`<br>`£`<br>`£`<br>`£`<br>`428,779`<br>`(201,209)`<br>`(2,650)`<br>`224,920`<br>`12,828`<br>`(19,595)`<br>`-`<br>`(6,767)`<br>`441,607`<br>`(220,804)`<br>`(2,650)`<br>`218,153`<br>`-`<br>`-`<br>`68,865`<br>`68,865`<br>`-`<br>`-`<br>`(19,581)`<br>`(19,581)`<br>`441,607`<br>`(220,804)`<br>`46,634`<br>`267,437`|
|---|---|



```
TheCyclicalMaintenanceFundisadesignatedfundtocoveritemsofrepairthatoccurover a
regularcycle.Thefundsareavailableforuseatthediscretionofthetrusteesand annual
appropriations are made to this fund as considered necessary.
```

```
TheExtraordinaryRepairFundwasestablishedtofundextraordinaryitemsofrepair expenditure,
improvementsorrebuildingofthehomes.Annualappropriationsaremadetothisfund as
considerednecessarybythetrustees.Transfersaremadefromthefundstocover exceptional
expenditure.  The funds are represented by fixed asset investments.
```

```
continued...
```

```
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```

## **`NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 December 2023`** 

## **`19. RELATED PARTY DISCLOSURES`** 

```
There were no related party transactions for the year ended 31 December 2023.
```

```
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```

## **`DETAILED STATEMENT OF FINANCIAL ACTIVITIES For The Year Ended 31 December 2023`** 

|**`INCOME AND ENDOWMENTS`**<br>**`Investment income`**<br>`Investment income`<br>**`Charitable activities`**<br>`Residents fees`<br>**`Total incoming resources`**<br>**`EXPENDITURE`**<br>**`Charitable activities`**<br>`Wages`<br>`Pensions`<br>`Rates and water`<br>`Insurance`<br>`Light and heat`<br>`Telephone`<br>`Stationery, postage and adverts`<br>`Repairs and renewals`<br>`Gardening`<br>`Licences and subscriptions`<br>`Sundry expenses`<br>`Warden call`<br>`Payroll costs`<br>`Bank charges`<br>`Loan interest`<br>`Grants to individuals`<br>**`Support costs`**<br>**`Governance costs`**<br>`Accountancy fees`<br>`Total resources expended`<br>**`Net income`**|`2023`<br>`£`<br>`61,402`<br>`169,422`<br>`230,824`<br>`27,935`<br>`429`<br>`11,319`<br>`5,938`<br>`12,442`<br>`558`<br>`932`<br>`14,061`<br>`3,075`<br>`623`<br>`118`<br>`1,097`<br>`567`<br>`586`<br>`8,202`<br>`7,000`<br>`94,882`<br>`5,130`<br>`100,012`<br>`130,812`|`2022`<br>`£`<br>`40,470`<br>`170,313`|
|---|---|---|
|||`210,783`<br>`26,168`<br>`388`<br>`9,589`<br>`4,436`<br>`6,118`<br>`564`<br>`1,058`<br>`48,871`<br>`2,864`<br>`545`<br>`470`<br>`1,702`<br>`747`<br>`592`<br>`8,305`<br>`3,485`|
|||`115,902`<br>`4,890`|
|||`120,792`|
|||`89,991`|



```
This page does not form part of the statutory financial statements
```

```
Page 16
```