| Page | |
|---|---|
| Reference and administration | |
| Trustees report | 2-3 |
| Independent examiners report |
|
| Statement offinancial activities | |
| Statement ofassets | |
| Notes tothe financial statements | 7-9 |
| 2023 | 2023 | 2023 | 2022 | ||||
|---|---|---|---|---|---|---|---|
| General | Designated | Total | Total | ||||
| Funds | Funds | ||||||
| Notes | E | f. | |||||
| Incoming resources | |||||||
| Contribudons Received |
3 | 48,420 | 48,420 | 48,420 | |||
| Investmenc income |
4 | 83 | 83 | 78 | |||
| Other income | 5 | 460 | 460 | 463 | |||
| Total income | 48,963 | 48,963 | 48,961 | ||||
| Resources expended | |||||||
| Running costs | 6 | 10,953 | 10,953 | 11,161 | |||
| Building costs | 7 | 4,765 | 4,765 | 23,978 | |||
| Other operating expenses |
8 | 385 | 385 | 402 | |||
| Total expenditure | 11,338 | 4,765 | 16,103 | 35,541 | |||
| Net incomingf(outgoing) | resources before | ||||||
| other recognised gains and |
losses | 37,625 | (4,765) | 32,860 | 13,420 | ||
| Gainsf(losses) on investment | assets | ||||||
| Realised gain on investments | 9 | ||||||
| Unrealised gain/(loss) on invesunents |
9 | (3.546) | (3,546) | 40,918 | |||
| Net movement in funds |
34,079 | (4,765) | 29,314 | 54,338 | |||
| Balance brought forward | 10 | 456,115 | 157,717 | 613,832 | 559,494 | ||
| Recommended fund transfers |
10 | (20,670) | 20,670 | ||||
| Balance carried forward | 469&524 | 173t622 | 643t146 | 613$32 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Notes | |||||
| Designated funds |
|||||
| General fund |
10 | 469,524 | 456,115 | ||
| Extraordinary repair fund |
10 | 137,667 | 132,177 | ||
| Cyclical and routine maintenance fund |
10 | 35,955 | 25,540 | ||
| Total designated funds |
643,146 | 613,832 | |||
| Represented by: |
|||||
| Fixed assets | |||||
| Freehold Property | 1.2 | ||||
| Investments: | 1.3 | ||||
| Charhies Official Investmenc |
Fund | ||||
| at market value as at 31 | March 2023 | 387,916 | 391,401 | ||
| 1,692.69Accumulation | Units | ||||
| Historical Cost EI9,373 | |||||
| National Association of |
Almshouses | ||||
| acmarket value as at 31 | March 2023 | 2,123 | 2,184 | ||
| 2,377Common Investment |
Fund | ||||
| Income Shares - Historical Costf668 | |||||
| 390.039 | 393,585 | ||||
| Current assets | |||||
| Cash at Bank | 250,719 | 220,762 | |||
| Debtors | 3.050 | 2,652 | |||
| 253,769 | 223,414 | ||||
| Current liabilities |
|||||
| Creditors | (665) | (3,169) | |||
| Total funds | 643,146 | 613,832 | |||
| The notes on pages 7,8 and 9 | form part ofthese financial statements. |
| 2023 | 2022 | |||
|---|---|---|---|---|
| E | E | |||
| 4 Investment | income | |||
| Income from | listed investments | 83 | 78 | |
| Bank deposit | interest | |||
| 83 | 78 | |||
| 5 Other income | ||||
| Annual payment |
from the 6th Marquess of Exeter Will Trust | 210 | 210 | |
| Wayleaves | 250 | 3 | ||
| Donations | ||||
| 460 | 213 | |||
| 6 Running costs | ||||
| Uolides | 4,848 | 5,627 | ||
| Races | 1,617 | 1,479 | ||
| Insurance | 2,692 | 2,283 | ||
| 14elpline | 1,600 | 1,550 | ||
| Subscription | to | the National Almshouses | 196 | 222 |
| 10,953 | 11,161 | |||
| 7 Building costs | ||||
| Repairs and maintenance | 4,765 | 4,826 | ||
| Refurbishment | ||||
| Quinquennial | inspection | 19,152 | ||
| 4,765 | 23,978 | |||
| 8 Other operating expenses |
||||
| Accountancy | ||||
| Sundry expenses | 385 | 402 | ||
| 385 | 402 | |||
| 9 Fixed asset | investments | |||
| COIF | NAACIF | |||
| Fund value as | at | I April 2022 | 391,401 | 2,184 |
| Investment sale at market value |
||||
| Unrealised gains/(losses) in year |
(3,485) | (61) | ||
| Fund value as | at 31 March 2023 | 387,916 | 2,123 |
| 10 | Reconciliation | offunds | available | available | ||||
|---|---|---|---|---|---|---|---|---|
| General | Extra- | Cyclical gi | Total | |||||
| Fund | Ordinary | Roudne | ||||||
| Repair Fund | Maintenance | |||||||
| Fund | ||||||||
| Balance as at I | Apiil 2022 | 456,115 | 132,177 | 25,540 | 613,832 | |||
| Surplus/(Deficit) | For the | Year | 34,079 | (4,765) | 29,314 | |||
| Transfers as per Almshouses |
(see note below) | (20,670) | 5,490 | 15,180 | ||||
| Redistribution | ofgeneral | fund | balance | |||||
| Balance as at | 31 March 2023 | 469,524 | 137,667 | 35,955 | 643,146 |
| Unrealised gain/(loss) on investments |
||||||
|---|---|---|---|---|---|---|
| The Association ofAlmshouses | recommends | the transfer to reserve funds, for each ofthe ten units. | which are | |||
| all over 20 years old, as from January | 1991,as | follows: | ||||
| Total | ||||||
| Extraordinary repair fund |
||||||
| A reserve fund for future major |
expenditure | -6549per unit | 5,490 | |||
| Cyclical maintenance fund |
||||||
| A fund retained by the trustees |
co meet | 8,980 | ||||
| maintenance occur ing ac intervals - |
6898 per unit | |||||
| Routine maintenance fund |
||||||
| A budget sum to cover routine | maintenance | -6620 per unit | 6.200 | |||
| Transfers from general fund | 15,180 | 20,670 |