##
##
|||||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|
##