2022-03-31-accounts - King Edward Vi Almshouse, School And Educational Charity, At Louth

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			BALANCE SHEET
			AS AT
			31stMARCH, 2022
		Note	2022		2021
FIXEDASSETS
Freehold properly Property, plant and Investments	equipment	2a 2b 3		516,830 546,569 1,063,399		729,892 491,733 1,221,625
CURRENT ASSETS
Debtors			1,390		1,047
Cash at bank			382,154		629,296
			383,544		630,343
CURRENT LIABILITIES
Creditors			(3,391)		(3,590)
NET CURRENT ASSETS				380,153		626,753
NET ASSETS				3,5		, 7
PERMANENTLY	ENDOWED FUNDS
Capital Recoupments due				1,191,149 (88,000)		1,609,315 (96,000)
				1,103,149		1,513,315
INCOME FUNDS
Restricted funds		g	264,709		269,163
Unrestricted funds		10
- Other charitable	funds		75,694	340,403	65,900	335,063
				1, 33, 5		1,848,378

Analysis of	funds
	Permanent			Unrestricted		2022
	Endowment	Restricted	Designated		Other	Total
	f	6	6		f
	(Note 8)	(Note 9)	(Note	10)	(Note 10)
Fixed assets (note 2) Investments (note 3) Debtors (note 4) Cash at bank (note 5) Creditors (note 6)	516,830 448,076 138,243	48,197 216,512			50,296 1,390 27,399 (3,391)	516,830 546,569 1,390 382,154 (3,391)
	1,103,149	264,709			75,694	1,443,552

Funds
		Permanent		Unrestricted		2022
		Endowment	Restricted	Designated	Other	Total
		(Note 8)	(Note 9)	(Note 10)	(Note 10)
Goulding, Johnson and Tennyson scholarship fund Allison Coverdale scholarship Prizes fund	fund	37,162 39,765 35,019	16,466 19,905 (273)			53,628 59,670 34,746
Miss. W. G. Howell's bequestfund Extraordinary repair fund General charity fund Miss. Dorothy King Charitable The lan Macdonald Memorial	Trust Fund	949,725 41,478	8,175 24,240 171,639 24,557		75,694	8,175 24,240 1,025,419 171,639 66,035
		1,103,149	264,709		75694	1,443,552

					for the	year ended	year ended	year ended
					31stMARCH,		2022
											2022	2021
					Restricted		Unrestricted			Permanent
					funds			funds	Endowments		Total	Total
					(Note	11)		(Note 12)		(note 8)
					6					F.
INCOMING RESOURCES
Donations and gifts Investmenl income						1,058		280 6,211			280 7,269	280 6,963
Rents and contributions	received							32,893			32,893	32,021
Total incoming resources						1,058		39,384			40,442	39,264
RESOURCES EXPENDED
Charitable
Grants payable in furtherance			of	the charity's objectives
Bedehouss residents									370		370	370 1,585
Prizes Grants to individuals						15,497					15,497	9,998
Funds donated to the beneficiaries										250,000	250,000
Fixed assets donated to the		beneficiaries								213,062	213,062
						15,497			370	463,062	478,929	11,953
Costs ofactivities in	furtherance			ofthe charity's	objectives
Property maintenance Garage repairs and no 27 Properly management fees Bungalow expenses Insurance Water rates									5,753 2,923 754 1,150 1,745 975		5,753 2,923 754 1,150 1,745 975		3,081 1,417 1,570 1,703 1,053
Light and heat									109		109		552
								13,409			13,409		9,376
Total costs in furtherance charities objectives		of	the			15,497		13,779		463,062	492,338	21,329

			for the year ended	for the year ended
			31stMARCH, 2022
						2022	2021
			Restricted Unrestricted		Permanent
			funds	funds Endowments		Total	Total
			(Note 11)	(Note 12)	(note 8)
			6	8	f.
Continued. ....
Other expenditure
Governance costs
Clerks salary Subscdptions Postage, stationery Sundries	and advertising			4,000 187 30 50		4,000 187 30 50	4,000 182 14 195
Accountancy Management fees				2,640 859		2,640 859	2,600 357
Total governance	costs			7,766		7,766	7,348
TOTAL RESOURCES EXPENDED			15,497	21,545	463,062	500,104	28,677
NET INCONIING/(EXPENDED)		RESOURCES	(14,439)	17,839	(463,062)	(459,662)	10,587
Transfers			2,000	(10,000) 8,000
NET MOVEMENT	IN FUNDS		(12,439)	7,839	(455,062)	(459,662)	10,587
Gains/(losses) on fixed assets Unrealised gains on investments			7,985	1,955	44,896	54,836	103,842
			(4,454)	9,794	(410,166)	(404,826)	114,429
Fund balances broughtforward			269,163	65,900	1,513,315	1,848,378	1,733,949
Fund balances carried forward			264,709	75,694	1,103,149	1,443,552	1,848,378

Investments
						Surplus/
				Value at		(Deficit) on	Value at
				1stApril,	Additional	disposall 31stMarch,
			Nominal	2021	Dlsposals	revaluation	2022
				6	6	5	6
Main charity
Charities official investment Accumulation shares	funds		566.840	117,416		13,655	131,071
Charity UK Equity A accumulation Charifund accumulation units		account	2,396.933 890.040	51,079 234,546		5,584 29,588	56,663 264,134
Charifund income units			5,092.000	74,975		5,464	80,439
National Association of
Almshouses Common Investment fund - Income	units		267.000	229		16	245
COIF Investment Fund
Income Shares			527.540	9,457		816	10273
COIF Fixed Interest Fund Income Shares			2991250	4,031		(287)	3744
				491,733		54,836	546,569
Permanent endowments				403,180		44,896	448,076
Restricted funds				40,212		7,985	48,197
Unrestricted funds:
Designated funds Other charitable funds				48,341		1,955	50,296
				491,733		54836	546 569

Debtors
	Unrestricted			Permanent	2022	2021
	Designated	Other	Restricted	Endowment	Total	Total
Rents - Garages Contribution —Bedehouses		1,040 350			1,040 350	1,047
Total debtors		1,390			1,390	1,047

Creditors
	Unrestricted			Permanent	2022	2021
	Designated	Other	Restricted	Endowment	Total	Total
Accountancy Light and heat Water rates		2,580 127 150			2,580 127 150	2,520 210 150 171
Council tax Receipts in advance Other		52 482			52 482	57 482
Total creditors		3,391			3,391	3,590

Recoupments			Bedehouse
		Total	redevelopment
		5
Odginal advance		200,000	200,000
Recouped to 31st March, Recoupment in year	2021	104,000 8,000	104,000 8,000
Recouped to 31st March,	2022	112,000	112,000
Recoupment outstanding at 31st March, 2022	at	88,000	88,000
Annual recoupment		8,000	8,000

The funds ofthe ch	lowing permanen	t endowments:-
	Balance				Funds and	Balance
	as at	Net change			fixed assets	as at
	1stApril	in value of	Recoupments		donated to the	31stMarch
	2021	investment	transferred		beneficiaries	2022
		(note 3)	(note	7)
		6	f
Goulding, Johnson and Tennyson Scholarship fund Allison Coverdale Scholarship fund Prizes fund General charity fund The lan Macdonald Memorial Fund	36,091 38,619 34,010 1,364,312 40,283	1,071 1,146 1,009 40,475 1,195		8,000	(463,062)	37,162 39,765 35,019 949,725 41,478
	1,513,315	44,896		8,000	(463,062)	1,103,149

				Balance			Balance
				as at	Net	Netchange	as at
				1st April	movement	in value of	31stMarch
				2021	in funds investments		2022
					(Note 11)	(Note 3)
					6	5
Miss. W. G.	Howell's Bequest	fund		7,886	34	255	8,175
Goulding, Johnson &Tennyson Allison Coverdale Scholarship		Scholarship fund	fund	15,884 19,203	68 81	514 621	16,466 19,905
Prizes fund Extraordinary repair fund Miss Dorothy King Charitable The lan Macdonald Memorial		Trust Fund		(264) 22,240 180;524 23,690	2,000 (14,723) 101	(9) 5,838 766	(273) 24,240 171,639 24,557
				269,163	(12,439)	7,985	264,709

INCOME
									Miss.
		Goulding,							Dorothy	The lan
		Johnson	and		Allison		Miss. W.	G.	King	Macdonald
	Extraordinary Repair	Tennyson Scholarship		Coverdale Scholarship		Prizes	Howell's Charitable Bequest Trust			llllemorial Fund		2022 Total	2021 Total
									42			57	90
COIF dividends
Charifund income			36		43		18		407		53	557	950
Bank interest			28		34		14		325		43	444	472
			68		81			34	774		101	1,058	1,512
EXPENDITURE
Prizes Grants to individuals									15,497			15497	1 000
									15,497			15,497	1,000
NET INCOME/				68	81			34	(14,723)		101	(14,439)	512
(EXPENDITURE)
Transfer from General Charity Account 2,000												2,000	2.000
NET MOVEMENT IN FUND	2,000			68	81			34	(14,723)		101	(12,439)	2,512