**REGISTERED CHARITY NUMBER: 218634**
**Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2022 for**
**The James Lloyd Almshouses Trust**
**The James Lloyd Almshouses Trust**
## **Contents of the Financial Statements for the Year Ended 31 December 2022**
||**Page**|
|---|---|
|Report of the Trustee|1|
|Independent Examiner's Report|6|
|Statement of Financial Activities 2022|7|
|Statement of Financial Activities 2021 Comparatives|8|
|Balance Sheet|9|
|Notes to the Financial Statements|11|
|Detailed Statements of Financial Activities 2022|17|
|Detailed Statements of Financial Activities 2021|19|
**The James Lloyd Almshouses Trust**
## **Report of the Trustee**
## **for the Year Ended 31st December 2022**
The trustee present its report with the financial statements of the charity for the year ended 31 December 2022. The trustee has adopted the provisions of the Statement of Recommended Practice (SORP (FRS102)) 'Accounting and Reporting by Charities'.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
218634
## **Principal address**
219 Heath Road Bournville Birmingham West Midlands B30 1RU
## **Trustee**
James Lloyd Almshouses Trustee Ltd The Corporate Trustee
## **Independent examiner**
R B Welch MA FCA P & W Social Accountants Ltd 10 Newent Road Northfield Birmingham B31 2ED
## **Solicitors**
Veale Wasbrough Vizards LLP Second Floor 3 Brindley Place Birmingham B1 2JB
## **Investment Advisers**
Eveyln Partners 103 Colmore Row Birmingham B3 3 AG
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The Trust was founded by a declaration of Trust dated 12 October 1869 and is now governed by a Charity Commission Scheme dated 20 April 2012.
By virtue of that Scheme James Lloyd Almshouses Trustee Limited was appointed as Corporate Trustee of the Charity on 20 April 2012 in place of the existing trustees and acts as the sole trustee. James Lloyd Almshouses Trustee Limited has a board of unpaid directors who are nominated to the board based on their relevant expertise.
The Corporate Trustee's directors meets 4 times a year to discuss, monitor and review activities.
Page 1
**The James Lloyd Almshouses Trust**
## **Report of the Trustee**
## **for the Year Ended 31st December 2022**
Within the Corporate Trustee there are 3 Sub Committees being those for Welfare, Property and Finance. These Sub Committees meet as and when required to deal with matters arising. Reports of those Sub Committees are made to the Full Board of Directors of the Corporate Trustee at the next full meeting.
After a period of holding Directors' meetings and Sub-Committee meetings online, we were pleased to return to faceto-face meetings, and will monitor the Government advice in respect of the pandemic, as the New Year unfolds. The Directors held a major review of its Policies during the year, and thanks to a working party of two Directors, we are satisfied that our charitable public service, and operation on a non-profit basis, is maintained. We comply with the Charity Commission and Almshouse Association recommendations. Conflicts of interest are recorded at each meeting. Neither the Trustee nor the Directors of the Trustee Company receive any pay or reimbursement of expenses
## **The Directors of James Lloyd Almshouses Trustee Limited**
P Bowden J Hurst D Leadbeater L Matheson A Shrimpton R Stanton F Wayt
## **Risk management**
The Charity operates a Risk Register, which looks at the risks and threats to which the Charity is exposed. This is reviewed on an annual basis. The Corporate Trustee is satisfied that appropriate controls are in place to provide reasonable assurance against fraud or error.
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The prime objective of the trust is to provide sheltered accommodation for elderly women. The trustee aims to
Promote the wellbeing and independence of the residents. Encourage communal activities. Provide a good quality garden. Provide good quality housing. Manage the resources of the trust effectively and efficiently.
## **Public benefit**
The Trustee has considered the Charity Commissions guidance on public benefit, in particular, the trustees consider how future developments will contribute to the objectives and aims they have set.
## **ACHIEVEMENT AND PERFORMANCE**
The Directors continued to invest heavily in the buildings, our largest investment during the year, in an effort to keep the estate usable for the near future, and to an acceptable modern standards, which continues to require placing new regulations into old buildings. In this regard, the Directors commissioned a full condition survey on the properties, undertaken by a surveying practice experienced in this type of work.
Nothing major was identified, with the exception of a fairly significant list of smaller tasks. This list had been addressed by the end of 2022, with only work on a flat roof and some drainage work remaining to be undertaken in the better weather in 2023.
Page 2
**The James Lloyd Almshouses Trust**
## **Report of the Trustee**
## **for the Year Ended 31st December 2022**
The condition, age, and the smallish size of the units all point to a finite life left in the buildings, and the Directors, looking to the future, established a new building fund to sit within the overall reserves. This 'new building fund' is a designated part of the reserves, without being a restricted fund. This is to allow future Directors the flexibility to act as they see fit in replacing the existing premises.
All the statutory, legal and best practice checks were undertaken during the year, including full modernisation of five flats, one of which had been occupied by the same person for some time, and required a substantial amount of work prior to being able to allow a new licence to occupy being granted. The major works, however, were carried out to the conservatory part of the Common Room, which had been an issue in either the very cold or very hot parts of the year. This involved a new, light-weight, but well-insulated replacement roof. This room began to be used much more frequently in this post-Covid period, and the residents enjoyed events and day trips on a regular basis. The garden continues to be a highlight, and the residents have formed a little green-fingered group in order to utilise the recently built greenhouse and raised vegetable plots.
During the year, the Directors were pleased to note that it had been possible to maintain the Weekly Maintenance Charge, (WMC), which the residents pay, at the same level as the previous two years. However, it became obvious during the year that energy prices were increasing, and that a modest rise, (3% in the event), would be necessary in 2023. The overall pressure on the Budget would be helped by the Directors' decision to fix the prices of the residents' gas and electricity for a three-year period. The residents' satisfaction levels remained high at their formal annual meeting with the Directors in early 2023, when the reseidents agreed how lucky they were to be living at the Almshouses.
## **FINANCIAL REVIEW**
During the year under review, the Charity recorded an overall deficit and movement of funds of £65,048, (2021: surplus of £112,744). There is an unrealised loss on investments of £108,105, (2021: gain of £66,135), and there were no sales of investments during the year, (2021: gain of £21,249). The surplus that accrued from charitable activities amounted to £42,957, (2021: surplus £25,361). The Directors of the Corporate Trustee agreed to transfer £30,000 to the Extraordinary Repair Fund (ERF) plus an additional £50,000 to the newly established Building fund.
The portfolio is managed on a discretionary basis by a specialist team of investment managers with detailed knowledge of Charity law. The Directors meet the investment manager on an annual basis to receive their report.
The Finance sub-committee of the Corporate Trustee meet twice a year to receive reports from the Property subcommittee on capital expenditure and to produce and monitor the Budget for the Full Boards consideration.
## **2022 Reserves**
The Trust has been able to undertake major repairs to the property within the agreed Budget and a full building conditions survey was undertaken in 2022
The Directors are satisfied the original endowment, plus accumulated capital growth, is sufficient to maintain the buildings in the short to medium term, but longer term, and ultimately when the buildings require demolition and renewal, that the level of Reserves needs to be kept under review.
The Directors have given the matter careful consideration and agreed to transfer in addition to the annual investment payment of £25,000 for the newly created Building Fund, a further £25,000 towards the fund during the year. This will be reviewed annually. An additional £25,000 was withdrawn from bank deposits and forwarded to the investment managers for long term investment. In summary a total of £75,000 of new money has been invested.
Page 3
**The James Lloyd Almshouses Trust**
## **Report of the Trustee**
## **for the Year Ended 31st December 2022**
The Charity have current accounts with both Lloyds Bank and Bank Santander which total in excess of £150,000. In a low interest rate low inflation environment experienced over the previous 10 years this had only a marginally negative impact upon holding cash in current accounts.
The situation has changed dramatically over the last 12 months and the Finance committee are in the process of undertaking a major review of its banking arrangements. The ultimate outcome being to generate greater income outside of the investment portfolio.
The Charity's stated Reserves policy is that the Charity holds at least six months expenditure in reserve, either in cash, or short- term deposits. No alteration to this policy is being proposed. As at 31st December 2022, The Charity held in excess of the funds required to cover six months expenditure.
## **Investments**
Over the 12 months ended 31st December 2022, the overall value of the portfolio in total return terms recorded a fall of 11.6% compared to a fall in the benchmark index (ARC Charity Steady Growth) of 9.6%. Over 3 years, the portfolio has risen by 10% (5.1%) and over 5 years by 23.6% (15.6%), respectively. The figures in parenthesis relate to the benchmark performances. Therefore, the last 12 months is the first time the portfolio has underperformed its benchmark for at least the last 5 years
Total Investment income received amounted to £20,155 (2021; £17,298), which equates to an overall estimated gross yield of 3%. The income received exceeded our budget target of £16,000. The increase in income can be due primarily to the investment of £75,000 of new money plus an underlying increase in dividend income.
The investment strategy which has remained unchanged during the review period is to achieve a balance between income and long term capital growth. Whilst the income stream has remained positive the capital value of the portfolio has been adversely affected by several factors. The trigger point was the invasion of the Ukraine by Russian forces in March 2022. As a consequence, the price of Gas and Oil spiralled upwards resulting in rising global inflation and interest rates with both the bond and equity markets worldwide falling sharply. It is rare for nearly all asset classes to fall simultaneously.
The first 3 months of 2023 had seen some restoration of market confidence until the banking crisis occurred at the beginning of March. But as was predicted in last year's report the continuation of the war in the Ukraine will continue to have a negative impact on markets and volatility will remain at the forefront of investment thinking. There is the consensus of opinion amongst a number of economists that the rate of inflation is coming to a peak and a gradual decline in interest rates may start to occur before the end of 2023. This scenario will help support market confidence moving forward.
The Charity's investment portfolio is managed on a discretionary basis by Evelyn Partners (formerly Smith & Williamson), from their offices in Birmingham. The Finance committee meet twice a year to review investment strategy and performance and the Main Board invites the investment manager to present his annual review in the month of March. The Chairman of the Finance Committee maintains regular contact with the investment manager for periodic updates particularly in volatile market conditions and the reports to the Main Board.
## **RESERVES POLICY**
The Charity's stated Reserves Policy is that the Charity holds at least six months' expenditure in reserve, either in cash, or short-term deposits. As at 31 December 2022, the Charity held in excess of the funds required to cover six months of expenditure.
Page 4
**The James Lloyd Almshouses Trust**
## **Report of the Trustee**
## **for the Year Ended 31st December 2022**
## **FUTURE DEVELOPMENTS**
2023 is scheduled to be a heavy year for the works on site, because this is a significant year in the cycle of electrical checks and upgrades, and the Directors have agreed to a phased programme of kitchen replacements, with probably an initial five being undertaken this year. Already in the first weeks of the New Year, we are aware of a flat that will require more work being undertaken to be able to relicense, more than any other flat in recent years.
We are excited to see the results of an energy-saving audit that should help lead to the first aspects of work to implement the Trust's Carbon reduction and energy-saving scheme.
2023 is expected to see the commencement to bring forward regulations for higher standards, as part of the Grenfell Tower inquiry, and other complaints regarding special housing conditions in England - the Social (Regulations) Housing Bill will become an Act in 2023.
Finally, we are also considering the 'warden call system' which requires an upgrade to cope with the soon-to-be implemented digital telephone system, and possibly a total renewal may be needed.
Approved by order of the board of the Corporate Trustee on ......................................... and signed on its behalf by:
.............................................
A Shrimpton (Director) on behalf of James Lloyd Almshouses Trustee Ltd - Trustee
Page 5
**Independent Examiner's Report to the Trustee of The James Lloyd Almshouses Trust**
I report on the accounts for the year ended 31st December 2022 set out in the following pages.
## **Respective responsibilities of trustee and examiner**
The charity's trustee is responsible for the preparation of the accounts. The charity's trustee considers that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.
It is my responsibility to:
examine the accounts under Section 145 of the 2011 Act
to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and
to state whether particular matters have come to my attention.
## **Basis of the independent examiner's report**
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as the directors of the corporate trustee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me reasonable cause to believe that in any material respect: (1) accounting records were not kept in respect of the charity as required by section 130 of the 2011 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.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
R B Welch MA FCA P & W Social Accountants Ltd 10 Newent Road Northfield Birmingham B31 2ED
Date ........................................
Page 6
**The James Lloyd Almshouse Trust**
## **Statement of Financial Activities for the Year Ended 31 December 2022**
|**Unrestricted**
**funds**
**Notes**
**£**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
-
Investment income
2.
20,155
**Income from charitable activities**
Providing accommodation for elderly women
192,491
**Total income**
212,646
**EXPENDITURE ON:**
**Charitable activities**
Providing accommodation for elderly women
163,808
**Total expenditure**
163,808
**Net income before gains and (losses) on**
**investment**
48,838
**Investment gains/(losses)**
Realised gain on sale of investments
-
Unrealised (loss) / gains on investments
(108,005)
**NET MOVEMENT IN FUNDS**
(59,167)
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
9.
1,622,663
**TOTAL FUNDS CARRIED FORWARD**
9.
1,563,496|**Restricted**
**and**
**Endowment**
**funds**
**£**
-
-
-
-
5,880
5,880
(5,880)
-
-
(5,880)
106,970
101,090|**31.12.22**
**Total funds**
**£**
-
20,155
192,491
212,646
169,688
169,688
42,958
-
(108,005)
(65,047)
1,729,633
1,664,586|**31.12.21**
**Total funds**
**£**
7,897
17,298
196,444|
|---|---|---|---|
||||221,639
196,278|
||||196,278|
||||25,361
21,249
66,135|
||||112,744
1,616,889|
||||1,729,633|
The notes form part of these financial statements Page 7
## **The James Lloyd Almshouse Trust**
## **Comparative Statement of Financial Activities for the Year Ended 31 December 2021**
|**Notes**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
Investment income
**Income from charitable activities**
Providing accommodation for elderly women
**Total income**
**EXPENDITURE ON:**
**Charitable activities**
Providing accommodation for elderly women
**Total expenditure**
**Net income before gains and (losses) on**
**investment**
**Investment gains/(losses)**
Realised gains / (loss) on sale of investments
Unrealised gain on investments
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
10.
**TOTAL FUNDS CARRIED FORWARD**
10.|**Unrestricted**
**funds**
**£**
1,002
17,298
196,444
214,744
187,669
187,669
27,075
21,249
66,135
114,458
1,508,205
1,622,663|**Restricted**
**and**
**Endowment**
**funds**
**£**
6,895
-
-
6,895
8,609
8,609
(1,714)
-
-
(1,714)
108,684
106,970|**31.12.21**
**Total funds**
**£**
7,897
17,298
196,444
221,639
196,278
196,278
25,361
21,249
66,135
112,744
1,616,889
1,729,633|**31.12.20**
**Total funds**
**£**
28
17,341
190,955|
|---|---|---|---|---|
|||||208,325
148,637|
|||||148,637|
|||||59,687
(822)
24,351|
|||||83,216
1,533,673|
|||||1,616,889|
The notes form part of these financial statements Page 8
**The James Lloyd Almshouse Trust**
## **Balance Sheet At 31 December 2022**
|**Notes**
**FIXED ASSETS**
Tangible assets
5.
Investments
6.
**CURRENT ASSETS**
Debtors
7.
Cash at bank and in hand
**CREDITORS**
Amounts falling due within one
year
8.
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS**
**CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS**
9.
Unrestricted funds
Restricted funds
Permanent Endowment Fund
**TOTAL FUNDS**|**Unrestricted**
**funds**
**£**
670,686
722,718|**Restricted**
**funds**
**£**
17,710
-
17,710
-
-
-
-
-
17,710
17,710|**Endowment**
**Fund**
83,380
-
83,380
-
-
-
-
-
83,380
83,380|**31.12.22**
**Total funds**
**£**
771,776
722,718
1,494,494
8,052
175,912
183,964
(13,872)
170,092
1,664,586
1,664,586
1,563,496
17,710
83,380
1,664,586|**31.12.21**
**Total funds**
**£**
783,740
759,463|
|---|---|---|---|---|---|
||1,393,404
8,052
175,912||||1,543,202
6,760
207,865|
||183,964
(13,872)||||214,625
(28,194)|
||170,092
1,563,496||||186,431
1,729,633|
||1,563,496||||1,729,633|
||||||1,622,663
23,590
83,380|
||||||1,729,633|
The notes form part of these financial statements Page 9
**The James Lloyd Almshouse Trust**
## **Balance Sheet**
## **At 31 December 2022**
The financial statements were approved by the Board of Directors of James Lloyd Almshouses Trustee Ltd, the Corporate Trustee on ............................................. and were signed on its behalf by
.............................................
A Shrimpton (Director) James Lloyd Almshouses Trustee Ltd -Trustee
............................................. F Wayt (Director) James Lloyd Almshouses Trustee Ltd -Trustee
............................................. P Bowden (Director) James Lloyd Almshouses Trustee Ltd-Trustee
The notes form part of these financial statements Page 10
**The James Lloyd Almshouses Trust**
## **Notes to the Financial Statements for the Year Ended 31 December 2022**
## 1. **ACCOUNTING POLICIES**
## **Accounting convention**
The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets and in accordance with the Financial Reporting Standard 102, the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
## **Incoming resources**
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## **Resources expended**
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
No depreciation is provided for in respect of the freehold properties held. These properties are fully maintained throughout the year. Depreciation is provided at 10% on cost for stairlifts and scooter stores. Fixture and Fittings are depreciated at 10% and 20% to reflect their expected useful life of each purchase. Computer expenditure is depreciated at 25%.
## **Taxation**
The charity is exempt from tax on its charitable activities
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustee.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements
## **Pension costs and other post-retirement benefits**
Contributions payable to the Scheme Manager's private pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **Going Concern**
The trustee considers that there are no material uncertainties about the Trusts' ability to continue as a going concern. There are no material uncertainties affecting the current year's accounts.
## **Reporting Currency**
The reporting currency is £ Sterling.
The notes form part of these financial statements
Page 11
**The James Lloyd Almshouses Trust**
## **Notes to the Financial Statements for the Year Ended 31 December 2022**
## 2. **INVESTMENT INCOME**
||**31.12.22**|**31.12.21**|
|---|---|---|
||**£**|**£**|
|Income from UK investments|20,155|17,298|
## 3. **TRUSTEES' REMUNERATION, BENEFITS AND DONATIONS**
## **Trustee’s remuneration**
Neither the Trustee nor the Directors of the Corporate Trustee received any remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.
## **Trustee’s expenses**
There were no expenses paid to the Trustee or the Directors of the Corporate Trustee for the year ended 31 December 2022 nor for the year ended 31 December 2021.
## **Trustee’s donations**
There were no donations from the Trustee or the Directors of the Corporate Trustee for the year ended 31 December 2022 nor for the year ended 31 December 2021.
4. **STAFF COSTS**
|Wages and salaries
Social security costs
Other pension costs|**31.12.22**
**£**
32,801
-
1,936
34,736|**31.12.21**
**£**
31,825
-
1,883|
|---|---|---|
|||33,708|
The average monthly number of employees during the year was as follows:
|**31.12.22**|**31.12.21**|
|---|---|
|2|2|
No employees received emoluments in excess of £60,000.
The notes form part of these financial statements
Page 12
**The James Lloyd Almshouses Trust**
## **Notes to the Financial Statements for the Year Ended 31 December 2022**
## 5. **TANGIBLE FIXED ASSETS**
|At 31 December 2022
**DEPRECIATION**
Charge for year
At 31 December 2022
At 31 December 2022
At 31 December 2021
At 31 December 2022
**DEPRECIATION**
Charge for year
At 31 December 2022
At 31 December 2022
At 31 December 2021
**NET BOOK VALUE**
At 1 January 2022
Additions
**COST**
At 1 January 2022
**NET BOOK VALUE**
**COST**
At 1 January 2022
Additions
At 1 January 2022|**Freehold**
**property**
**£**
806,826
-
806,826
71,311
-
71,311
735,515
735,515
**Fixtures**
**and fittings**
**£**
55,566
-
55,566
39,087
4,663
43,750
11,816
16,479|**Property**
**improvements**
**£**
27,355
-
27,355
7,519
2,736
10,255
17,100
19,836
**Computer**
**equipment**
**£**
2,129
-
2,129
2,094
35
2,129
-
35|**Plant and**
**machinery**
**£**
43,647
-|
|---|---|---|---|
||||43,647|
||||31,773
4,530|
||||36,302|
||||7,345|
||||11,875|
||||**Totals**
**£**
935,523
-|
||||935,523|
||||151,784
11,963|
||||163,747|
||||771,776|
||||783,740|
The notes form part of these financial statements Page 13
**The James Lloyd Almshouses Trust**
## **Notes to the Financial Statements for the Year Ended 31 December 2022**
## 6. **FIXED ASSET INVESTMENTS**
|Share
Securities
Fixed
Interest
Securities
£
£
**MARKET VALUE**
At 1 January 2022
641,348
79,401
Additions
68,929
12,127
Disposals
-
-
Revaluations
(94,656)
(13,349)
At 31 December 2022
615,621
78,178
**NET BOOK VALUE**
At 31 December 2022
615,621
78,178
At 31 December 2021
641,348
79,401
All investments were held in the UK.
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Other debtors|UK Cash held
as part of
portfolio
£
38,714
75,000
(84,796)
-
28,918
28,918
38,714
**31.12.22**
**£**
1,495
6,558
8,052|Totals
£
759,463
156,056
(84,796)
(108,005)|
|---|---|---|
|||722,718|
|||722,718|
|||759,463|
|||**31.12.21**
**£**
1,281
5,479|
|||6,760|
## 7. **DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
## 8. **CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Trade creditors
Other creditors|**31.12.22**
**£**
3,030
10,842
13,872|**31.12.21**
**£**
2,855
25,340|
|---|---|---|
|||28,194|
The notes form part of these financial statements Page 14
**The James Lloyd Almshouses Trust**
## **Notes to the Financial Statements for the Year Ended 31 December 2022**
## 9. **MOVEMENT IN FUNDS**
|**At 1.01.22**
**£**
**Unrestricted funds**
General fund
1,471,612
Extraordinary repair fund
151,051
New building fund
-
1,622,663
**Permanent Endowment Fund**
83,380
**Restricted funds**
Health and wellbeing
9,153
Stairlift
5,840
Scooter Store
2,392
Wet room
6,206
Laundry
-
23,590
**TOTAL FUNDS**
1,729,633
**Incoming**
**resources**
**£**
**Unrestricted funds**
General fund
212,646
**Restricted funds**
Health and wellbeing
-
Stairlift
-
Scooter Store
-
Wet room
-
Laundry
-
-
**TOTAL FUNDS**
212,646
Net movement in funds, included in the above are as|**Net**
**movement**
**in funds**
**£**
(59,167)
-
-
(59,167)
-
(1,255)
(3,139)
(797)
(690)
-
(5,880)
(65,047)
**Resources**
**expended**
**£**
(163,808)
(1,255)
(3,139)
(797)
(690)
-
(5,880)
(169,689)
follows:|**Transfer**
**between**
**funds**
**£**
(80,000)
30,000
50,000
-
-
-
-
-
-
-
-
-
-
**Gains and**
**losses on**
**investments**
**£**
(108,005)
-
-
-
-
-
-
(108,005)|**At 31.12.22**
**£**
1,332,445
181,051
50,000
-|
|---|---|---|---|
||||1,563,496
83,380
7,898
2,701
1,595
5,516
-|
||||17,710|
||||1,664,586|
||||**Movement**
**in funds**
**£**
(59,167)
(1,255)
(3,139)
(797)
(690)
-|
||||(5,880)|
||||(65,047)|
The notes form part of these financial statements Page 15
**The James Lloyd Almshouses Trust**
## **Notes to the Financial Statements for the Year Ended 31 December 2022**
## 10. **2021 COMPARATIVE MOVEMENT IN FUNDS**
|**At 1.01.21**
**£**
**Unrestricted funds**
General fund
1,387,154
Extraordinary repair fund
121,051
1,508,205
**Permanent Endowment Fund**
83,380
**Restricted funds**
Health and wellbeing
10,408
Stair lift
8,979
Scooter Store
3,189
Wet room
Laundry
2,728
25,304
**TOTAL FUNDS**
1,616,889
**Incoming**
**resources**
**£**
**Unrestricted funds**
General fund
214,744
**Restricted funds**
Health and wellbeing
-
Stair lift
-
Scooter Store
-
Wet room
6,895
Laundry
-
6,895
**TOTAL FUNDS**
221,639
Net movement in funds, included in the above are as|**Net**
**movement**
**in funds**
**£**
114,458
-
114,458
-
(1,255)
(3,139)
(797)
6,206
(2,728)
(1,714)
112,744
**Resources**
**expended**
**£**
(187,669)
(1,255)
(3,139)
(797)
(690)
(2,728)
(8,609)
(196,278)
follows:|**Transfer**
**between**
**funds**
**£**
(30,000)
30,000
-
-
-
-
-
-
-
-
**Gains and**
**losses on**
**investments**
**£**
87,383
-
-
-
-
-
87,383|**At 31.12.21**
**£**
1,471,612
151,051|
|---|---|---|---|
||||1,622,663
83,380
9,153
5,840
2,392
6,206
-|
||||23,590|
||||1,729,633|
||||**Movement**
**in funds**
**£**
114,458
(1,255)
(3,139)
(797)
6,206
(2,728)|
||||(1,714)|
||||112,744|
The notes form part of these financial statements Page 16
**The James Lloyd Almshouses Trust**
## **Detailed Statement of Financial Activities for the Year Ended 31 December 2022**
|**INCOME**
**Voluntary income**
Donations
**Investment income**
Income for UK Investments
**Income from charitable activities**
Residents' Maintenance Contribution
**Total incoming resources**
**RESOURCES EXPENDED**
**Charitable activities**
Wages
National Insurance
Pensions
Employee Life Assurance
Rates and water
Insurance
Light and heat
Sundries
Repairs and maintenance
Cleaning
Gardening
TV and music licence
Warden out of hours call service
Staff travel
Supervising cyclical repairs and assessments
Website development, hosting and advertising
Warden activities
Summer Event / 150th Anniversary Celebrations
Training
Bad debts
Depreciation of property improvements
Depreciation of plant and machinery
Depreciation of fixtures and fittings
Depreciation of computer equipment
Donations|**Unrestricted**
**funds**
**£**
-
-
20,155
192,491
212,646
32,801
-
1,936
274
4,280
4,781
19,081
758
57,237
5,470
4,136
361
2,640
41
3,940
369
4,100
54
300
1,391
4,357
35
148,341|**Restricted**
**funds**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2,436
3,139
306
-
-
5,880|**31.12.22**
**£**
-
-
20,155
192,491
212,646
32,801
-
1,936
274
4,280
4,781
19,081
758
57,237
5,470
4,136
361
2,640
41
3,940
369
4,100
-
54
-
2,736
4,529
4,663
35
-
154,222|**31.12.21**
**£**
7,897|
|---|---|---|---|---|
|||||7,897
17,298
196,444|
|||||221,639
31,825
1,883
247
4,218
4,281
17,304
741
91,431
4,672
4,455
334
2,566
45
385
-
2,049
-
-
120
2,736
4,530
7,391
359
-|
|||||181,573|
The notes form part of these financial statements Page 17
**The James Lloyd Almshouses Trust**
## **Detailed Statement of Financial Activities for the Year Ended 31 December 2022**
|**Support costs**
Telephone
Postage, stationery and computer
Hire of office equipment
Stockbroker fee
Accountancy and bookkeeping
**Total resources expended**
**Net funds before gains and losses on investments**
**Realised gains on investments**
**Unrealised (loss) / gains on investments**
**Net movement in funds**|**Unrestricted**
**funds**
**£**
880
1,195
478
4,215
8,699
15,467
163,808
48,838
(108,005)
(59,167)|**Restricted**
**funds**
**£**
-
-
-
-
-
-
5,880
(5,880)
-
-
(5,880)|**31.12.22**
**£**
880
1,195
478
4,215
8,699
15,467
169,688
42,958
-
(108,005)
(65,047)|**31.12.21**
**£**
873
907
478
4,158
8,290|
|---|---|---|---|---|
|||||14,705
196,278|
|||||25,361
21,249
66,135|
|||||112,744|
The notes form part of these financial statements Page 18
**The James lloyd Almshouse Trust**
## **Comparative detailed Statement of Financial Activities for the Year Ended 31 December 2021**
|**INCOME**
**Voluntary income**
Donations
**Investment income**
Income for UK Investments
**Income from charitable activities**
Residents' Maintenance Contribution
**Total incoming resources**
**RESOURCES EXPENDED**
**Charitable activities**
Wages
National Insurance
Pensions
Employee Life Assurance
Rates and water
Insurance
Light and heat
Sundries
Repairs and maintenance
Repairs and maintenance (from the ERF)
Cleaning
Gardening
TV and music licence
Warden out of hours call service
Staff travel
Supervising cyclical repairs and assessments
Website development, hosting and advertising
Warden activities
Summer Event / 150th Anniversary Celebrations
Training
Bad debts
Depreciation of property improvements
Depreciation of plant and machinery
Depreciation of fixtures and fittings
Depreciation of computer equipment
Donations|**Unrestricted**
**funds**
**£**
1,002
1,002
17,298
196,444
214,744
31,825
1,883
247
4,218
4,281
17,304
741
91,431
-
4,672
4,455
334
2,566
45
385
-
2,049
-
-
120
300
1,391
4,357
359
-
172,964|**Restricted**
**funds**
**£**
6,895
6,895
-
-
6,895
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2,436
3,139
3,034
-
-
8,609|**31.12.21**
**£**
7,897
7,897
17,298
196,444
221,639
31,825
-
1,883
247
4,218
4,281
17,304
741
91,431
-
4,672
4,455
334
2,566
45
385
-
2,049
-
-
120
2,736
4,530
7,391
359
-
181,573|**31.12.20**
**£**
28|
|---|---|---|---|---|
|||||28
17,341
190,955|
|||||208,325
30,106
-
1,776
243
4,238
4,151
15,612
749
52,067
-
4,757
2,960
328
2,329
73
-
-
2,037
-
621
-
797
4,530
6,520
359
100|
|||||134,355|
The notes form part of these financial statements Page 19
**The James lloyd Almshouse Trust**
## **Comparative detailed Statement of Financial Activities for the Year Ended 31 December 2021**
|**Support costs**
Telephone
Postage, stationery and computer
Hire of office equipment
Stockbroker fee
Accountancy and bookkeeping
**Total resources expended**
**Net funds before gains and losses on investments**
**Realised gains / (loss) on investments**
**Unrealised gains on investments**
**Net movement in funds**|**Unrestricted**
**funds**
**£**
873
907
478
4,158
8,290
14,705
187,669
27,075
21,249
66,135
114,458|**Restricted**
**funds**
**£**
-
-
-
-
-
-
8,609
(1,714)
-
-
(1,714)|**31.12.21**
**£**
873
907
478
4,158
8,290
14,705
196,278
25,361
21,249
66,135
112,744|**31.12.20**
**£**
882
1,373
441
3,296
8,290|
|---|---|---|---|---|
|||||14,282
148,637|
|||||59,687
(822)
24,351|
|||||83,216|
The notes form part of these financial statements Page 20