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2023-02-28-accounts

PAGE
Trustees' annual
report
independent
examiner's		 report to the trustees
Statement offinancial activities
Statement offinancial position 10
Notes to the financial statements

2023 2023 2022
Unrestricted Restricted Endowment
funds funds funds Total funds Total funds
Note
Income and endowments
Donations
and legacies		 4 5,000 5,000 5,000
Charitable
activities		 5 93,523 93,523 80,001
Investment
income		 6 2,453 2,453 2,143
Total income 100,976 100,976 87,144
Expenditure
Expenditure
on
charitable
activities		 7,8 80,845 315 81,160 116,438
Total expenditure 80,845 315 81,160 116,438
Net income/(expenditure) 20,131 (315) 19,816 (29,294)
Other recognised gains and losses
Net unrealised
gains		 on
investment
assets		 (3,654) (3,654) 5,447
Net movement
in funds		 20,131 (315) (3,654) 16,162 (23,847)
Reconciliation
offunds
Total funds brought forward (21,410) 2,569 112,102 93,261 117,108
Total funds carried forward (1,279) 2,254 108,448 109,423 93,261

2023 2022
Note g
FIXEDASSETS
Tangible fixed assets 13 43,586 43,586
investments 14 87,392 100,046
130,978 143,632
CURRENT ASSETS
Debtors 15 2,799 2,055
Cash at bank and in hand 29,560 22,741
32,359 24,796
CREDITORS: amounts falling due
within one year
Trade creditors 1,820 13,468
Other creditors including taxation and
social security 16 7,353 6,970
Accruals and deferred income 12,408 15,370
21,581 35,808
NET CURRENT ASSETS 10,778 (11,012)
TOTAL ASSETSLESS CURRENT
LIABILITIES 141,756 132,620
CREDITORS: amounts falling due
after more than one year 17 32333 39,359
NET ASSETS 109,423 93,261
FUNDS OFTHE CHARITY
Endowment
funds		 108,448 112,102
Restricted funds 2,254 2,569
Unrestricted
funds		 (1,279) (21,410)
Total charity funds 18 109,423 93,261

4. DONATION S
AND		 LEGACIES
Unrestricted Total funds Unrestricted Total funds
funds 2023 funds 2022
E
GRANTS
Grants receivable 5,000 5,000 5,000 5,000
5. CHARITABLE ACTIVITIES
Unrestricted Total Funds Unrestricted Total Funds
Funds 2023 Funds 2022
Almshouses resident's contributions 93,523 93,523 80,001 80,001

INVESTMENT INCOME
Unrestricted Total funds Unrestricted Total funds
funds 2023 funds 2022
6
Income from listed investments 2,161 2,161 2,137 2,137
Bank interest receivable 292 292 6 6
2,453 2,453 2,143 2,143

EXPENDIT URE ON CHARITAB LE ACTIVITIES BYFUND TY PE
Unrestricted Restricted Total funds
funds funds 2023
f.
Almshouses costs 77,688 315 78,003
Support costs 3,157 3,157
80,845 315 81,160
Unrestricted Restricted Total funds
funds funds 2022
6
Almshouses costs 110,250 3,000 113,250
Support costs 3,188 3,188
113,438 3,000 116,438

EXPENDIT URE ON CH ARITAB LE ACTIVITIE S BYA CTIVI TY TYPE
Activities
undertaken Total funds Total funds
directly Support costs 2023 2022
6 6 6
Almshouses costs (see note 9) 78,003 78,003 113,250
Governance costs (see note 10) 3,157 3,157 3,188
78,003 3,157 81,160 116,438

9. ANALYSIS OFALM S HO US ES COST S
Total 2023 Total 2022
Wardens'
salaries and national		 insurance 17,435 17,191
Clerk's salaries and national insurance 5,769 5,568
Clerk's expenses 168 174
Routine maintenance 3,310 2,176
Legal and professional fees 5,696 3,965
Light, heat, rates and water 12,129 15,412
Insurance 2,268 2,240
Gardener
and cleaning		 4,012 2,503
Advertising 225 290
Effective interest on Almshouse loan 380 437
Residents'
welfare		 728 774
Travelling 179 209
Telephone
and other oBicecosts		 859 938
53,158 51,877
Cyclical maintenance 24,530 58,373
Restricted
Extraordinary
repairs		 315 3,000
78,003 113,250
ANALYSIS OF GOVERNANCE COSTS
2023 2022
Wardens'
salaries		 923 902
Clerk's salary 1,442 1,514
Clerk's expenses 168 175
Bank charges 74 97
Independent
examiners		 report 550 500
3,157 3,188
10. INDEPENDENT EXAMINATION FEES
2023 2022
f.
Fees payable to the independent examiner for:
Independent
examination		 ofthe financial statements 550 500
Other financial services 1,686 1,336
2,236 1,836

The total staff costs and employee benefits for the reporting staff costs and employee benefits for the reporting period are analysed
as		 follows;
2023 2022
g
Warden's salaries and national insurance 18@58 18,093
Clerks' salary and national insurance 7,211 7,082
25,569 25,175

No remuneration
or other benefits
from employment
with
the
received by the nustees.
TANGIBLE FIXEDASSETS		 charity
or a related
entity were
Freehold
property
Cost
At 1March 2022 and 28February 2023 43,586
Carrying
amount
At 28February 2023 43,586
At 28 February 2022 43,586

INVESTMENTS
Listed
investments
Cost or valuation
At 1 March 2022 100,046
Additions 25,000
Fair value movements (3,654)
Disposals (34,000)
At 28 February 2023 87,392
Impairment
At 1March 2022 and 28February 2023
Carrying
amount
At 28February 2023 87,392
At 28 February 2022 100,046

Financial asset s held at fair value
Cost Fair value Cost Fair value
2023 2023 2022 2022
COIF charities deposit funds 25,771 25,771 34,771 34,771
CCLA property fund (11,825 income
units) 12,051 12,863 12,051 14,998
COIF charities ethical investments
(9,951income units) 24,000 27,228 24,000 28,747
COIF charities ethical investments
(7,453 income units) 20,000 21,530 20,000 21,530
81,822 87,392 90,822 100,046

DUE WIT HIN ONE Y
EAR
2023 2022
Social security and other taxes 327
Almshouse Association Loan 7,026 6,970
7353 6,970
17. CREDITORS: amounts falling due after more than one year
2023 2022
g f
Almshouse Association Loan due in 2to 5years 32333 39,359

At Gains and At
1 Msr2022 Income Expenditure Transfers losses 28Feb 2023
General funds (21,410) 100,976 (80,845) (1,279)
Cyclical
maintenance fund
(21,410) 100,976 (80,845) (1,279)
At Gains and At
1 Mar 2021 Income Expenditure Transfers losses 28 Feb 2022
General funds 3,347 87,144 (55,065) (58,373) 1,537 (21,410)
Cyclical
maintenance fund (58,373) 58,373
3,347 87,144 (113,438) 1,537 (21,410)

ANALYSIS OFN ET ASSETSB ETWEEN FUNDS
Unrestricted Restricted Endowment Total funds
funds funds fullds 2023
Tangible fixed assets 43,586 43,586
Investments 22,530 64,862 87/92
Current
assets		 30,105 2,254 32,359
Creditors less than 1 year (21,581) (21,581)
Creditors greater than 1 year (32,333) (32,333)
Net assets (1,279) 2,254 108,448 109,423
Unrestricted Restricted Endowment Total funds
funds funds funds 2022
Tangible fixed assets 43,586 43,586
Investments 31,530 68,516 100,046
Current
assets		 22,227 2,569 24,796
Creditors less than 1 year (35,808) (35,808)
Creditors greater than 1 year (39,359) (39,359)
Net assets (21,410) 2,569 112,102 93,261