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





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||||BALANCE SHEET||||
|---|---|---|---|---|---|---|
||||AS AT||||
||||31stMARCH, 2023||||
|||Note|2023||2022||
|FIXEDASSETS|||||||
|Freehold<br>property<br>Property,<br>plant and equipment<br>Investments||2a<br>2b<br>3||522,698<br>539,404||516,830<br>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<br>due||||(80,000)||(88,000)|
|||||1,105,674||1,103,149|
|INCOME FUNDS|||||||
|Restricted<br>funds||9|397,732||264,709||
|Unrestricted<br>funds||10|||||
|Other charitable|funds||88,998||75,694||
|||||486,730||340,403|
|||||1.222. 24||1,443,552|





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





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



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|Charitable|||||||||
|---|---|---|---|---|---|---|---|---|
|Grants payable<br>in furtherance||of|the charity's|objectives|||||
|Bedehouse<br>residents||||||250|250|370|
|Prizes<br>Grants io individuals|||||24,165||24,165|15,497|
|Funds donated<br>to the|beneficiaries|||||||250,000|
|Fixed assets donated|to the beneficiaries|||||||213,062|
||||||24,165|250|24,415|478 929|
|Costs ofactivities<br>in|furtherance||ofthe charity's||objectives||||
|Property<br>maintenance<br>Garage repairs and no 27<br>Property<br>management<br>fees||||||5,621<br>276<br>1,008|5,621<br>276<br>1,008|5,753<br>2,923<br>754<br>1,150|
|Bungalow expenses<br>Insurance<br>Water rates||||||1,642<br>729|1,642<br>729|1,745<br>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<br>costs|||||||||||
|Clerks salary<br>Subscriptions<br>Postage, stationery<br>Sundries|and|advertising||||6,000<br>196<br>56<br>50|||6 000<br>196<br>56<br>50|4,000<br>187<br>30<br>50|
|Accountancy<br>lylanagement<br>fees||||||3,090<br>454|||3,090<br>454|2,640<br>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)<br>on fixed assets<br>Unrealised<br>gains on investments||||(1,314)||(376)||(5,475)|(7,165)|54,836|
|||||133,023||13,304||2,525|148,852|(404,826)|
|Fund balances<br>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|





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





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|||Unrestricted|Unrestricted||Permanent|2023|2022|
|---|---|---|---|---|---|---|---|
|||Designated|Other|Restricted|Endowment|Total|Total|
|Rents<br>—Garages<br>Contribution<br>—Bedehouses|||1,040<br>166|||1,040<br>166|1,040<br>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<br>Light and heat||2,970<br>245||||2,970<br>245||2|580<br>127|
|Water rates|||150||||150||150|
|Receipts<br>in advance|||52||||52||52|
|Other|||482||||482||482|
|Total creditors||3,899||||3,899||3,391||





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|Recoupments||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||||Bedehouse|
||||||||||||Total||redevelopment|
||||||||||||6||6|
|Original<br>advance|||||||||||200,000||200,000|
|Recouped to 31st March, <br>Recoupment<br>in year|2022||||||||||112,000<br>8,000||112,000<br>8,000|
|Recouped<br>to 31st March,|2023||||||||||120,000||120,000|
|Recoupment<br>outstanding<br>at 31st March, 2023|at|||||||||||80,000|80,000|
|Annual<br>recoupment||||||||||||8,000|8,000|
|Permanent<br>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,<br>Johnson<br>and Tennyson<br>Scholarship<br>fund<br>Allison Coverdale<br>Scholarship<br>fund|||||37,162<br>39,765|||(184)<br>(197)|||||36,978<br>39,568|
|Prizes fund<br>General<br>charity<br>fund<br>The lan Macdonald<br>Memonal||Fund||35,019<br>949,725<br>41,478||||(174)<br>(4,714)<br>(206)||8,000|||34,845<br>953,011<br>41,272|
|||||1,103,149||||(5,475)||8,000|||1,105,674|



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||||||||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,<br>Johnson<br>Alkson Coverdale||3 Tennyson<br>Scholarship|||Scholarship<br>fund|fund|16,466<br>19,905|103<br>125||(90)<br>(109)|16,479<br>19,921|
|Prizes fund|||||||(273)|(2)||2|(273)|
|Extraordinary<br>Miss Dorothy|repair fund<br>King Charitable|||Trust|||24,240<br>171,639|2,000<br>(23,093)||(938)|26,240<br>147,608|
|Mrs. Christine<br>Wilkinson<br>bequest<br>The len Macdonald<br>Memorial<br>Fund|||||||24,557|155,000<br>153||(134)|155,000<br>24,576|
||||||||264,709|134,337|(1,314)||397,732|



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|INCOME||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Miss.||||||
|||Goulding,||||||Dorothy||Mrs.|The lan|||
|||Johnson|and|Allison||Miss. W.|G.|King||Christine|Macdonald|||
||Extraordinary<br>Repair|Tennyson<br>Scholarship||Coverdale<br>Scholarship|Prizes|Howeg's<br>Bequest||Charitable|bequest<br>Wilkinson||Fund<br>Memorial|2023<br>Tots I|2022<br>7ota I|
||||||8|6||||||||
|COIF dividends||||||||50||||70|57|
|Chanfund<br>income|||53|65|(1)|27||557|||80|781|557|
|Bank interest|||45||(I)|22||465|||66|651|444|
|Legacy from Mrs<br>Christme<br>Wilkinson||||||||||155,000||155,000||
||||103|125|2)|51||1,072||155,000|153|156,502|1 058|
|EXPENDITURE||||||||||||||
|Prizes<br>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<br>IN FUND|2,000||103|125|(2)||51|23.093)||155,000|153|134.337|(12,439)|





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





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