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|Reference and administration||
|Trustees report|2-3|
|Independent<br>examiners<br>report||
|Statement offinancial activities||
|Statement ofassets||
|Notes tothe financial statements|7-9|





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|||||2023|2023|2023|2022|
|---|---|---|---|---|---|---|---|
|||||General|Designated|Total|Total|
|||||Funds|Funds|||
||||Notes|E|f.|||
|Incoming resources||||||||
|Contribudons<br>Received|||3|48,420||48,420|48,420|
|Investmenc<br>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<br>expenses|||8|385||385|402|
|Total expenditure||||11,338|4,765|16,103|35,541|
|Net incomingf(outgoing)|resources before|||||||
|other recognised<br>gains and||losses||37,625|(4,765)|32,860|13,420|
|Gainsf(losses) on investment||assets||||||
|Realised gain on investments|||9|||||
|Unrealised<br>gain/(loss)<br>on invesunents|||9|(3.546)||(3,546)|40,918|
|Net movement<br>in funds||||34,079|(4,765)|29,314|54,338|
|Balance brought forward|||10|456,115|157,717|613,832|559,494|
|Recommended<br>fund transfers|||10|(20,670)|20,670|||
|Balance carried forward||||469&524|173t622|643t146|613$32|





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|||||2023|2022|
|---|---|---|---|---|---|
||||Notes|||
|Designated<br>funds||||||
|General<br>fund|||10|469,524|456,115|
|Extraordinary<br>repair fund|||10|137,667|132,177|
|Cyclical and routine<br>maintenance<br>fund|||10|35,955|25,540|
|Total designated<br>funds||||643,146|613,832|
|Represented<br>by:||||||
|Fixed assets||||||
|Freehold Property|||1.2|||
|Investments:|||1.3|||
|Charhies<br>Official Investmenc||Fund||||
|at market value as at 31|March 2023|||387,916|391,401|
|1,692.69Accumulation|Units|||||
|Historical Cost EI9,373||||||
|National<br>Association of|Almshouses|||||
|acmarket value as at 31|March 2023|||2,123|2,184|
|2,377Common<br>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<br>liabilities||||||
|Creditors||||(665)|(3,169)|
|Total funds||||643,146|613,832|
|The notes on pages 7,8 and 9||form part ofthese financial statements.||||






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||||2023|2022|
|---|---|---|---|---|
||||E|E|
|4 Investment|income||||
|Income from|listed investments||83|78|
|Bank deposit|interest||||
||||83|78|
|5 Other income|||||
|Annual<br>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<br>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<br>sale at market value|||||
|Unrealised<br>gains/(losses)<br>in year|||(3,485)|(61)|
|Fund value as|at 31 March 2023||387,916|2,123|





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|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<br>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<br>gain/(loss)<br>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<br>repair fund|||||||
|A reserve<br>fund for future major|expenditure||-6549per unit||5,490||
|Cyclical maintenance<br>fund|||||||
|A fund retained<br>by the trustees|co meet||||8,980||
|maintenance<br>occur ing ac intervals -||6898 per unit|||||
|Routine maintenance<br>fund|||||||
|A budget sum to cover routine|maintenance||-6620 per unit||6.200||
|Transfers from general fund|||||15,180|20,670|