**REGISTERED CHARITY NUMBER: 218634**
**Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2023 for**
**The James Lloyd Almshouses Trust**
**The James Lloyd Almshouses Trust**
## **Contents of the Financial Statements for the Year Ended 31 December 2023**
||**Page**|
|---|---|
|Report of the Trustee|1|
|Independent Examiner's Report|6|
|Statement of Financial Activities 2023|7|
|Statement of Financial Activities 2022 Comparatives|8|
|Balance Sheet|9|
|Notes to the Financial Statements|11|
|Detailed Statements of Financial Activities 2023|17|
|Detailed Statements of Financial Activities 2022|19|
**The James Lloyd Almshouses Trust**
## **Report of the Trustee**
## **for the Year Ended 31st December 2023**
The trustee present its report with the financial statements of the charity for the year ended 31 December 2023. 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**
Evelyn 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 2023**
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.
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 Corporate Trustee has considered the Charity Commissions guidance on public benefit, in particular how future developments will contribute to the objectives and aims it has set.
## **ACHIEVEMENT AND PERFORMANCE**
Two main themes emerged during the year. Firstly, costs incurred through the year due to inflation, but also associated with the second theme, that of items requiring repair or replacement. This put pressure on the Repairs Budget, and for Major Works.
All the statutory tests were undertaken, and in addition, three void units were refurbished and re-occupied. One flat in particular was so damaged that a new kitchen and bathroom was required. One central heating boiler was replaced, and some unexpected drainage problems rectified. Increasing standards necessitated new metal fuse boards throughout the site, and some asbestos discovered was made safe or removed.
Page 2
**The James Lloyd Almshouses Trust**
## **Report of the Trustee**
## **for the Year Ended 31st December 2023**
The external dustbin stores were all replaced and 23 flats required the lounge windows to be taken out, the slate surround removed, and the windows refitted.
One item we had hoped to undertake was the first year of a programme, (initially five units), for replacement kitchens. Many hours of work resulted in a tender figure above expectations, and therefore we could not proceed. This work will be added to the 2024 programme.
In anticipation of the forthcoming switch over to a digital telephone line, we needed to upgrade our emergency call system. It was decided to replace the whole system, bringing it fully up to date, and something that should last for many years.
In July we conducted a Satisfaction Survey of all residents. A high response from the 30 residents on site, (one unit empty), resulted in overwhelming satisfaction across all questions asked, endorsing what the organisation aims to achieve. One important point, and not a specific question, but many residents, in the comments box, praised the efforts of the Scheme Manager.
## **FINANCIAL REVIEW**
During the year under review, the Charity recorded an overall surplus and increase of funds of £24,893, (2022: deficit of £65,047). Income from providing accommodation for elderly women has increased marginally from the previous year to £193,783, (2022:192,491) whilst expenditure has gone up from £169,688 in 2022 to £227,544 which is mainly due to the significant increase in repairs and maintenance from £57,237 to £109,014 caused by the expenditure on the items referred to under Achievements and Performance.
The charity achieved a small surplus from charitable activities amounting to £1,386, (2022: surplus £42,957) which was due in part to the increase in investment income which rose to £25,147 form £20,155 in the previous year. There is an unrealised gain on investments of £365, (2022: loss of £108,105), and there was a realised gain on sales of investments of £23,143 during the year, (2022: no sales of investment). The Corporate Trustee agreed to transfer £17,000 to the Extraordinary Repair Fund (ERF) (2022: £30,000) plus an additional £27,175, (2022: £50,000) to the 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 of the Corporate Trustee meet the investment manager on an annual basis to receive their report.
The Finance sub-committee of the Corporate Trustee meets twice a year to receive reports from the Property subcommittee on capital expenditure and to produce and monitor the Budget for the Full Board to consider and approve.
## **2023 Reserves**
The charity has for the first time for over 10 years faced the pressures of inflation both from a perspective of cost of materials and labour. Consequently, this placed some pressure on both the Repairs Budget and Major Works as mentioned earlier in the report. However, this has not prevented a major part of the planned programme for 2023 being completed.
The Corporate Trustee is satisfied the original endowment, plus the 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 levels of Reserves needs to be kept under review.
Page 3
**The James Lloyd Almshouses Trust**
## **Report of the Trustee**
## **for the Year Ended 31st December 2023**
The Corporate Trustee has given this matter careful consideration in 2022 and in June 2022 agreed to transfer £25,000 to a newly established Building Fund with a further £25,000 transferred in November 2022. Subject to annual reviews each year a further sum of £25,000 plus inflation is to be transferred to the Building Fund each year (2023: £27,175). These monies have been transferred to the investment managers for long term investment. In addition to this the Corporate Trustee designated an annual transfer to the Extraordinary Repair Fund (2023: £17,000, 2022: £30,000) for expected future major repairs.
The Charity has current accounts with both Lloyds and Santander banks which total in excess of £160,000. The Corporate Trustee agreed it was necessary to reduce the amount held in the bank current accounts. Rather than attempt to open deposit accounts with unconnected banks the Corporate Trustee agreed to transfer monies to the investment managers for long term investments which took place after the end of the financial year .
## **Investments**
Over the 12 months ended 31st December 2023, the overall value of the portfolio in total return terms recorded a gain of 6.7% compared to gain in the benchmark index [ARC Charity Steady Growth] of 7.5%. The portfolio has still outperformed ARC over 5 years, but 1 and 3 years are both behind.
Income generation was supported by the new cash added throughout the year, and ultimately 20% more income was generated in 2023 than in 2022, with a yield that is 10% higher at 3.3%. Investment income in 2023 totalled £25,147 compared with £20,155 in 2022.
The investment strategy currently in place has remained unchanged during the period under review which is to achieve a balance between income and long term capital growth. A statement of investment policy has prepared and been approved by the investment managers last year.
The biggest performance driver for most of 2023 was inflation and interest rate expectations. As these rose in the first half of the year, bonds, property, and infrastructure investments suffered but a surprise quarter four inflation had fallen dramatically in the UK and also abroad, so interest expectations were forecasting a fall in rates. This led to a strong rally in these assets.
It has however, been overseas markets that have achieved the best performance in 2023 led by the United States and Europe. Conversely, the biggest area of weakness globally towards the end of the year was China.
Global markets have so far in 2024 remained positive in the expectation that global interest rates will start to fall by June. The investment managers report highlights the risks associated with artificial intelligence shares, geopolitical factors and the prospects of a General Election in the UK and a US Presidential election this Autumn. This all adds up to a level of uncertainty which makes forecasting future trends in markets very difficult to predict.
The Charity's investment managers are Evelyn Partners from their offices in Birmingham. The portfolio is managed on a discretionary basis and the Finance committee meet twice a year to review strategy and performance. The Main Board invite the investment managers to present their annual report in March.
The Chairman of the Finance committee maintains regular contact with the investment managers for periodic updates particularly during volatile market conditions and then reports back to the Finance committee.
## **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. No alteration to this policy is proposed . As at 31 December 2023, the Charity held in excess of the funds required to cover six months of expenditure. All Reserves above this level are invested for the long term benefit of the Charity.
Page 4
**The James Lloyd Almshouses Trust**
## **Report of the Trustee**
**for the Year Ended 31st December 2023**
## **FUTURE DEVELOPMENTS**
During 2024, the Corporate Trustee plans to reconsider the replacement kitchen programme, plus provide additional insulation in the walls and roof spaces, this arising from the Carbon Reduction Plan produced in response to a survey undertaken in 2023. There is one quite substantial flat roof, which we anticipate can be renewed as a pitch roof, together with additional insulation. This came from both the Carbon Reduction Plan and the Condition Survey of 2022. All statutory and best practice tests and surveys are programmed for action on schedule during the year.
Approved by order of the board of the Corporate Trustee on 23rd April 2024 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 2023 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: 23rd April 2024
Page 6
**The James Lloyd Almshouse Trust**
## **Statement of Financial Activities for the Year Ended 31 December 2023**
|**Unrestricted**
**funds**
**Notes**
**£**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
-
Investment income
2.
25,147
**Income from charitable activities**
Providing accommodation for elderly women
193,783
**Total income**
218,930
**EXPENDITURE ON:**
**Charitable activities**
Providing accommodation for elderly women
220,130
**Total expenditure**
220,130
**Net income before gains and (losses) on**
**investment**
(1,201)
**Investment gains/(losses)**
Realised gain on sale of investments
23,143
Unrealised (loss) / gains on investments
365
**NET MOVEMENT IN FUNDS**
22,307
**RECONCILIATION OF FUNDS**
-
**Total funds brought forward**
9.
1,563,496
**TOTAL FUNDS CARRIED FORWARD**
9.
1,585,803|**Restricted**
**and**
**Endowment**
**funds**
**£**
10,000
-
-
10,000
7,413
7,413
2,587
-
-
2,587
-
101,090
103,676|**31.12.23**
**Total funds**
**£**
10,000
25,147
193,783
228,930
227,544
227,544
1,386
23,143
365
24,893
-
1,664,586
1,689,479|**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|
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 2022**
|**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**
**£**
-
20,155
192,491
212,646
163,808
163,808
48,838
-
(108,005)
(59,167)
1,622,663
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 8
**The James Lloyd Almshouse Trust**
## **Balance Sheet At 31 December 2023**
|**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**
**£**
664,877
770,416|**Restricted**
**funds**
**£**
13,296
-
13,296
-
7,000
7,000
-
7,000
20,296
20,296|**Endowment**
**Fund**
83,380
-
83,380
-
-
-
-
-
83,380
83,380|**31.12.23**
**Total funds**
**£**
761,553
770,416
1,531,969
9,060
163,446
172,506
(14,995)
157,510
1,689,479
1,689,479
1,585,803
20,296
83,380
1,689,479|**31.12.22**
**Total funds**
**£**
771,776
722,718|
|---|---|---|---|---|---|
||1,435,293
9,060
156,446||||1,494,494
8,052
175,912|
||165,506
(14,995)||||183,964
(13,872)|
||150,510
1,585,803||||170,092
1,664,586|
||1,585,803||||1,664,586|
||||||1,563,496
17,710
83,380|
||||||1,664,586|
The notes form part of these financial statements Page 9
**The James Lloyd Almshouse Trust**
## **Balance Sheet At 31 December 2023**
The financial statements were approved by the Board of Directors of James Lloyd Almshouses Trustee Ltd, the Corporate Trustee on 23rd April 2024 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 2023**
## 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 2023**
## 2. **INVESTMENT INCOME**
||**31.12.23**|**31.12.22**|
|---|---|---|
||**£**|**£**|
|Income from UK investments|25,147|20,155|
## 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 2023 nor for the year ended 31 December 2022.
## **Trustee’s expenses**
There were no expenses paid to the Trustee or the Directors of the Corporate Trustee for the year ended 31 December 2023 nor for the year ended 31 December 2022.
## **Trustee’s donations**
There were no donations from the Trustee or the Directors of the Corporate Trustee for the year ended 31 December 2023 nor for the year ended 31 December 2022.
## 4. **STAFF COSTS**
|**STAFF COSTS**|||
|---|---|---|
||**31.12.23**|**31.12.22**|
||**£**|**£**|
|Wages and salaries|35,589|32,801|
|Social security costs|-|-|
|Other pension costs|2,098|1,936|
||37,687|34,736|
|The average monthly number of employees during the year was as follows:|||
||**31.12.23**|**31.12.22**|
||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 2023**
## 5. **TANGIBLE FIXED ASSETS**
|At 31 December 2023
**DEPRECIATION**
Charge for year
At 31 December 2023
At 31 December 2023
At 31 December 2022
Disposals
At 31 December 2023
**DEPRECIATION**
Charge for year
Disposals
At 31 December 2023
At 31 December 2023
At 31 December 2022
**NET BOOK VALUE**
At 1 January 2023
Additions
**COST**
At 1 January 2023
**NET BOOK VALUE**
**COST**
At 1 January 2023
Additions
At 1 January 2023|**Freehold**
**property**
**£**
806,826
-
806,826
71,311
-
71,311
735,515
735,515
**Fixtures**
**and fittings**
**£**
55,566
-
-
55,566
43,750
4,663
-
48,413
7,153
11,816|**Property**
**improvements**
**£**
27,355
-
27,355
10,255
2,736
12,990
14,365
17,100
**Computer**
**equipment**
**£**
2,129
318
(140)
2,307
2,129
79
(140)
2,068
238
-|**Plant and**
**machinery**
**£**
43,647
-|
|---|---|---|---|
||||43,647|
||||36,302
3,062|
||||39,365|
||||4,283|
||||7,345|
||||**Totals**
**£**
935,523
318
(140)|
||||935,701|
||||163,747
10,540
(140)|
||||174,147|
||||761,553|
||||771,776|
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 2023**
## 6. **FIXED ASSET INVESTMENTS**
|Share
Securities
£
**MARKET VALUE**
At 1 January 2023
615,621
Additions
29,094
Disposals
(28,449)
Revaluations
(2,691)
At 31 December 2023
613,575
**NET BOOK VALUE**
At 31 December 2023
613,575
At 31 December 2022
615,621
All investments were held in the UK.|Fixed
Interest
Securities
£
78,178
65,322
(9,289)
3,056
137,267
137,267
78,178|UK Cash held
as part of
portfolio
£
28,918
27,219
(36,564)
-
19,574
19,574
28,918|Totals
£
722,718
121,635
(74,302)
365|
|---|---|---|---|
||||770,416|
||||770,416|
||||722,718|
|||||
## 7. **DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Trade debtors
Other debtors|**31.12.23**
**£**
1,351
7,709
9,060|**31.12.22**
**£**
1,495
6,558|
|---|---|---|
|||8,052|
## 8. **CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Trade creditors
Other creditors|**31.12.23**
**£**
4,260
10,736
14,995|**31.12.22**
**£**
3,030
10,842|
|---|---|---|
|||13,872|
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 2023**
## 9. **MOVEMENT IN FUNDS**
|**At 1.01.23**
**£**
**Unrestricted funds**
General fund
1,332,445
Extraordinary repair fund
181,051
New building fund
50,000
1,563,496
**Permanent Endowment Fund**
83,380
**Restricted funds**
Health and wellbeing
7,898
Stairlift
2,701
Scooter Store
1,595
Wet room
5,516
Kitchen
-
17,710
**TOTAL FUNDS**
1,664,586
**Incoming**
**resources**
**£**
**Unrestricted funds**
General fund
218,930
**Restricted funds**
Health and wellbeing
-
Stairlift
-
Scooter Store
-
Wet room
-
Kitchen
10,000
10,000
**TOTAL FUNDS**
228,930
Net movement in funds, included in the above are as|**Net**
**movement**
**in funds**
**£**
22,307
-
-
22,307
-
(1,255)
(1,672)
(797)
(690)
7,000
2,587
24,893
**Resources**
**expended**
**£**
(220,130)
(1,255)
(1,672)
(797)
(690)
(3,000)
(7,413)
(227,544)
follows:|**Transfer**
**between funds**
**£**
(44,175)
17,000
27,175
-
-
-
-
-
-
-
-
-
-
**Gains and**
**losses on**
**investments**
**£**
23,507
-
-
-
-
-
-
23,507|**At 31.12.23**
**£**
1,310,577
198,051
77,175
-|
|---|---|---|---|
||||1,585,803
83,380
6,643
1,030
797
4,827
7,000|
||||20,296|
||||1,689,479|
||||**Movement**
**in funds**
**£**
22,307
(1,255)
(1,672)
(797)
(690)
7,000|
||||2,587|
||||24,893|
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 2023**
## 10. **2022 COMPARATIVE 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
Stair lift
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
-
Stair lift
-
Scooter Store
-
Wet room
-
Laundry
-
Total Restricted funds
-
**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 16
**The James Lloyd Almshouses Trust**
## **Detailed Statement of Financial Activities for the Year Ended 31 December 2023**
|**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**
**£**
-
-
25,147
193,783
218,930
35,589
-
2,098
313
4,139
5,784
18,691
807
109,014
6,486
3,770
381
2,785
57
1,392
240
3,208
-
431
85
300
1,391
4,357
79
201,396|**Restricted**
**funds**
**£**
10,000
10,000
-
-
10,000
-
-
-
-
-
-
-
-
-
-
-
-
-
-
3,000
-
-
-
-
-
2,436
1,672
306
-
-
7,413|**31.12.23**
**£**
10,000
10,000
25,147
193,783
228,930
35,589
-
2,098
313
4,139
5,784
18,691
807
109,014
6,486
3,770
381
2,785
57
4,392
240
3,208
-
431
85
2,736
3,062
4,663
79
-
208,809|**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|
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 2023**
|**Support costs**
Telephone
Postage, stationery and computer
Legal and professional fees
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**
**£**
924
1,175
2,114
726
4,286
9,509
18,734
220,130
(1,201)
23,143
365
22,307|**Restricted**
**funds**
**£**
-
-
-
-
-
-
-
7,413
2,587
-
-
2,587|**31.12.23**
**£**
924
1,175
2,114
726
4,286
9,509
18,734
227,544
1,386
23,143
365
24,893.30|**31.12.22**
**£**
880
1,195
-
478
4,215
8,699|
|---|---|---|---|---|
|||||15,467
169,688|
|||||42,958
-
(108,005)|
|||||(65,047)|
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 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
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**
**£**
-
-
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 19
**The James lloyd Almshouse Trust**
## **Comparative 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 / (loss) on investments**
**Unrealised 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 20