2023-03-31-accounts - King Edward Vi Almshouse, School And Educational Charity, At Louth

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				Page
Reference and administrative		details		1-2
Annual Report				3-5
Independent Examiner's	Report
Accountants' Report
Balance Sheet
Balance Sheet analysed	between		Funds
Statement of Financial	Activities			10-11
Notes to the Accounts				12-20

			BALANCE SHEET
			AS AT
			31stMARCH, 2023
		Note	2023		2022
FIXEDASSETS
Freehold property Property, plant and equipment Investments		2a 2b 3		522,698 539,404		516,830 546,569
				1,062, 102		1,063 399
CURRENT ASSETS
Debtors			1,206		1,390
Cash at bank			532,995		382,154
			534,201		383,544
CURRENT LIABILITIES
Creditors			(3,899)		(3,391)
NET CURRENT ASSETS				530,302		380,153
NET ASSETS
PERMANENTLY	ENDOWED FUNDS
Capital				1,185,674		1,191,149
Recoupments due				(80,000)		(88,000)
				1,105,674		1,103,149
INCOME FUNDS
Restricted funds		9	397,732		264,709
Unrestricted funds		10
Other charitable	funds		88,998		75,694
				486,730		340,403
				1.222. 24		1,443,552

			Permanent			Unrestricted	Unrestricted		2023
			Endowment	Restricted	Designated		Other		Total
			E		E
			(Note 8)	(Note 9)	(Note	10)	(Note	10)
Fixed assets (note Investments (note Debtors (note 4) Cash at bank (note	2) 3) 5)		522,698 442,601 140,375	46,883 350,849			49,920 1,206 41,771		522,698 539,404 1,206 532,995
Creditors (note 6)							(3,899)		(3,899)
			1,105,674	397,732			88998		1 592 404
Funds
			Permanent			Unrestricted			2023
			Endowment	Restricted	Designated		Other		Tots I
			(Note 8)	(Note 9)	(Note	10)	(Note	10)
			E	E	E		E
Goulding, Johnson and Tennyson scholarship fund Allison Coverdsle scholarship Prizes fund		fund	36,978 39,568 34,845	16,479 19,921 (273)					53,457 59,489 34,572
Miss. W. G. Howell's
bequestfund				8,181					8,181
Extraordinary repair fund General charity fund Miss. Dorothy King Charitable Trust Mrs. Christine Wilkinson bequest The lan Macdonald Memorial Fund			953,011 41,272	26,240 147,608 155,000 24,576				88,998	26,240 1,042, 009 147,608 155,000 65,848
			1,105,674	397,732				88 998	1 592404

			for the year e 31stMARCH,	nded 2023
						2023	2022
			Restricted	Unrestricted	Permanent
			funds	funds	Endowments	Total	Tots	I
			(Note 11) f	(Note 12) 6	(note 8) f
INCOMING	RESOURCES
Donations Investment	and gifts income		155,000 1,502	280 6,700		155,280 8,202	280 7,269
Rents and	contnbutions	received		36,578		36578	32	893
Total incoming resources			156,502	43,558		200,060	40,442

Charitable
Grants payable in furtherance		of	the charity's	objectives
Bedehouse residents						250	250	370
Prizes Grants io individuals					24,165		24,165	15,497
Funds donated to the	beneficiaries							250,000
Fixed assets donated	to the beneficiaries							213,062
					24,165	250	24,415	478 929
Costs ofactivities in	furtherance		ofthe charity's		objectives
Property maintenance Garage repairs and no 27 Property management fees						5,621 276 1,008	5,621 276 1,008	5,753 2,923 754 1,150
Bungalow expenses Insurance Water rates						1,642 729	1,642 729	1,745 975
Light and heat						506	506	109
						9,782	9,782	13,409

			(incorporating	The lan Macdonald	The lan Macdonald	Memorial	Fund)
			STATEMENT OF FINANCIAL			ACTIVITIES
				for the year ended
				31stMARCH,	2023
									2023	2022
				Restricted	Unrestricted		Permanent
				funds		funds	Endowments		Total	Total
				(Note 11)	(Note 12)		(note	8)
				6			6
Continued. ..
Other expenditure
Governance costs
Clerks salary Subscriptions Postage, stationery Sundries	and	advertising				6,000 196 56 50			6 000 196 56 50	4,000 187 30 50
Accountancy lylanagement fees						3,090 454			3,090 454	2,640 859
Total governance	costs					9,846			9,846	7,766
TOTAL RESOURCES EXPENDED				24,165		19,878			44,043	500,104
NET INCOMING/(EXPENDED)			RESOURCES	132,337		23,680			156,017	(459,662)
Transfers				2,000		(10,000)		8,000
NET MOVEMENT	IN FUNDS			134,337		13,680		8,000	156,017	(459,662)
Gains/(losses) on fixed assets Unrealised gains on investments				(1,314)		(376)		(5,475)	(7,165)	54,836
				133,023		13,304		2,525	148,852	(404,826)
Fund balances brought		forward		264,709		75,694	1,103,149		1,443,552	1,848,378
Fund balances carried		forward		397,732		88,998	1,105,674		1,592,404	1,443,552

Investments
						Surplus/
				Value at		(Deficit) on	Value at
				1st April,	Additions/	disposal/ 31stMarch,
			Nominal	2022	Disposals	revaluation	2023
					6	f	6
Main charity
Charities official investment	funds
Accumulation shares			566,840	131,071		(1,168)	129,903
Charity UK Equity A accumulation Charifund accumulation units		account	2,396.933 890.040	56,663 264,134		1,417 (1,882)	58,080 262,252
Charifund income units			5,092,000	80,439		(4,916)	75,523
National Association of
Almshouses Common
Investment fund —Income	units		267.000	245		(6)	239
COIF Investment Fund
Income Shares			527.540	10,273		(389)	9884
COIF Fixed Interest Fund
Income Shares			2,991.250	3,744		(221)	3,523
				546,569		(7165)	539404
Permanent endowments				448,076		(5,475)	442,601
Restricted funds				48,197		(1,314)	46,883
Unrestricted funds
Designated funds Other charitable funds				50,296		(376)	49,920
				546,569		(7,165)	539,404

		Unrestricted	Unrestricted		Permanent	2023	2022
		Designated	Other	Restricted	Endowment	Total	Total
Rents —Garages Contribution —Bedehouses			1,040 166			1,040 166	1,040 350
Total	debtors		1,206			1,206	1,390

Cash	at	bank
			Unrestricted			Permanent	2023	2022
			Designated	Other	Restricted	Endowment	Total	Total
Cash	at	bank		41,771	350,849	140,375	532,995	382,154

Creditors
	Unrestricted				Permanent	2023		2022
	Designated	Other		Restricted	Endowment	Total		Tots I
		6		8	f
Accountancy Light and heat		2,970 245				2,970 245		2	580 127
Water rates			150				150		150
Receipts in advance			52				52		52
Other			482				482		482
Total creditors		3,899				3,899		3,391

Recoupments
													Bedehouse
											Total		redevelopment
											6		6
Original advance											200,000		200,000
Recouped to 31st March, Recoupment in year	2022										112,000 8,000		112,000 8,000
Recouped to 31st March,	2023										120,000		120,000
Recoupment outstanding at 31st March, 2023	at											80,000	80,000
Annual recoupment												8,000	8,000
Permanent endowments
The funds ofthe charity	include		the	following	permanent	endowments:-
				Balance							Funds	and	Balance
				as at		Net	change				fixed assets		as at
				1st	April	m value of			Recoupments		donated	to the	31st March
				2022		Investment			transferred		beneficianes		2023
						(note		3)	(note	7)
							6		6
Goulding, Johnson and Tennyson Scholarship fund Allison Coverdale Scholarship fund					37,162 39,765			(184) (197)					36,978 39,568
Prizes fund General charity fund The lan Macdonald Memonal		Fund		35,019 949,725 41,478				(174) (4,714) (206)		8,000			34,845 953,011 41,272
				1,103,149				(5,475)		8,000			1,105,674

							Balance				Balance
							as at	Net	Netchange		as at
							1stApril	movement	in value of		31stMarch
							2022	in funds	investments		2023
								(Note 11)	(Note	3)
								6	5
Miss. W. G. Howell's			Bequest		fund		8,175	51		(45)	8,181
Goulding, Johnson Alkson Coverdale		3 Tennyson Scholarship			Scholarship fund	fund	16,466 19,905	103 125		(90) (109)	16,479 19,921
Prizes fund							(273)	(2)		2	(273)
Extraordinary Miss Dorothy	repair fund King Charitable			Trust			24,240 171,639	2,000 (23,093)		(938)	26,240 147,608
Mrs. Christine Wilkinson bequest The len Macdonald Memorial Fund							24,557	155,000 153		(134)	155,000 24,576
							264,709	134,337	(1,314)		397,732

INCOME
								Miss.
		Goulding,						Dorothy		Mrs.	The lan
		Johnson	and	Allison		Miss. W.	G.	King		Christine	Macdonald
	Extraordinary Repair	Tennyson Scholarship		Coverdale Scholarship	Prizes	Howeg's Bequest		Charitable	bequest Wilkinson		Fund Memorial	2023 Tots I	2022 7ota I
					8	6
COIF dividends								50				70	57
Chanfund income			53	65	(1)	27		557			80	781	557
Bank interest			45		(I)	22		465			66	651	444
Legacy from Mrs Christme Wilkinson										155,000		155,000
			103	125	2)	51		1,072		155,000	153	156,502	1 058
EXPENDITURE
Prizes Grants to individual								24 165				24,165	15.497
								24,165				24,165	15,497
NET INCOME/			103	125	(2)		51	(23,093)		155,000	153	132,337	(14,439)
(EXPENDITURE)
Transfer from General												2000	2000
Charity Account	2,000
NET MOVEMENT IN FUND	2,000		103	125	(2)		51	23.093)		155,000	153	134.337	(12,439)

Analysis of income and expend	itur	e account	bet	ween unrestrict	ed funds
							2023	2022
INCOME					General	chanty	Total	Total
					F		f.
Donation - Louth United Charities Bank interest						280 2,901	280 2,901	280 2,603
Income from COIF						314	314	332
Income from charifund						3,480	3,480	3,271
Wayleave Bedehouse contribution						5 22,874	5 22,874	5 20,824
Rents —garages and stores TOTAL INCOME						13,704 43,558	13,704 43,558	12,069 39,384
EXPENDITURE
CHARITABLE
Grants payable in furtherance Residents Xmas fund	of	the charity's	objectives			250 250	250 250	370 370
Costs of activities in furtherance		ofthe charity's		objectives
Bedehouse repairs Garage repairs and no 27 Property management fees						5,621 276 1,008	5,621 276 1,008	5,753 2,923 754 1,150
~ungalow expenses Insurance Water rates						1,642 729	1,642 729	1,745 975
Lighland heat- Bedehouses						506 9,782	506 9782	109 13,409
TOTAL CHARITABLE EXPENDITURE						10,032	10,032	13,779
GOVERNANCE
Clerk's salary Postage, stationery and advertising Subscdiptions Accountancy Management fees Sundry expenses TOTAL MANAGEMENT EXPENDITURE						6,000 56 196 3,090 454 50 9,846	6,000 56 196 3,090 454 50 9,846	4,000 30 187 2,640 859 50 7,766
TOTAL EXPENDITURE						19,878	19,878	21,545
NET INCOMEI(EXPENDITURE)						23,680	23,680	17,839
Transfer to Extraordinary Repair Fund Transfer to Permanent Endowment						(2,000) (8,000)	(2,000) (8,000)	(2,000) (8,000)
NET MOVEMENT IN FUND						13,680	13,680	7839