| PAGE | ||||
|---|---|---|---|---|
| Trustees' | annual report |
|||
| Independent examiner's |
report to the trustees | |||
| Statement | offinancial | activities | 10 | |
| Statement | offinancial | position | ||
| Notes to | the financial | statements | 12 |
| 2023 | 2023 | 2022 | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | ||||
| funds | funds | funds | Total funds | Total funds | ||
| Note | 8 | 8 | ||||
| Income and endowments | ||||||
| Donations and legacies |
4 | 165 | 3,450 | 3,615 | ||
| Charitable activities |
5 | 117,639 | 117,639 | 111,636 | ||
| Investment income |
6 | 20,966 | 4,453 | 25,419 | 22,892 | |
| Total income | 138,770 | 7,903 | 146,673 | 134,528 | ||
| Expenditure | ||||||
| Expenditure on raising funds: |
||||||
| Investment | ||||||
| management costs |
7 | 730 | 730 | 1,864 | ||
| Expenditure on |
||||||
| charitable activities |
8,9 | 122,684 | 3,136 | 125,820 | 122,691 | |
| Total expenditure | 123,414 | 3,136 | 126,550 | 124,555 | ||
| Realised (losses)/gains | ||||||
| on sale ofinvestments | 13 | (1,020) | (1,020) | |||
| Net income | 14,336 | 4,767 | 19,103 | 9,973 | ||
| Other recognised gains |
and losses | |||||
| Net unrealised (losses)/gains |
||||||
| on investment assets |
(8,787) | (2,720) | (11,507) | 51,029 | ||
| Net movement in funds |
5,549 | 2,047 | 7,596 | 61,002 | ||
| Reconciliation offunds | ||||||
| Total funds brought forward |
690,619 | 184,805 | 292,668 | 1,168,092 | 1,107,090 | |
| Total funds carried forward | 696,168 | 186,852 | 292,668 | 1,175,688 | 1,168,092 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Note | |||||
| FIXEDASSETS | |||||
| Tangible fixed assets | 17 | 292,668 | 292,668 | ||
| Investments | 18 | 771,647 | 823,622 | ||
| 1,064,315 | 1,116,290 | ||||
| CURRENT ASSETS | |||||
| Debtors | 19 | 5,093 | 7,709 | ||
| Cash at bank and in hand | 147,551 | 87,992 | |||
| 152,644 | 95,701 | ||||
| CREDITORS: amounts | falling due | ||||
| within one year | |||||
| Trade creditors | 5,641 | 3,827 | |||
| Other creditors including | taxation and | ||||
| social security | 20 | 536 | 1,742 | ||
| Accruals and deferred income | 35,094 | 38,330 | |||
| 41,271 | 43,899 | ||||
| NET CURRENT ASSETS | 111,373 | 51,802 | |||
| TOTAL ASSETSLESS | CURRENT | ||||
| LIABILITIES | 1,175,688 | 1,168,092 | |||
| NET ASSETS | 1,175,688 | 1,168,092 | |||
| FUNDS OF THE CHARITY | |||||
| Endowment funds |
292,668 | 292,668 | |||
| Restricted funds | 186,852 | 184,805 | |||
| Unrestricted funds |
696,168 | 690,619 | |||
| Total charity funds | 22 | 1,175,688 | 1,168,092 |
| prepayment will lead to areduction DONATIONS AND LEGACIES |
in future payments or a cash refund |
. | |
|---|---|---|---|
| Unrestricted | Restricted | Total funds | |
| funds | funds | 2023 | |
| DONATIONS | |||
| Donations | 165 | 165 | |
| GRANTS | |||
| Grants receivable | 3,450 | 3,450 | |
| 165 | 3,450 | 3,615 | |
| Unrestricted | Restricted | Total funds | |
| funds | funds | 2022 | |
| DONATIONS | |||
| Donations | |||
| GRANTS | |||
| Grants receivable |
| Umestricted | Total Funds | Unrestricted | Total funds | ||||
|---|---|---|---|---|---|---|---|
| funds | 2023 | funds | 2022 | ||||
| Almshouses | residents' | contributions | 117,639 | 117,639 | 111,636 | 111,636 | |
| 6. | INVESTMENT INCOME |
| INVESTMENT INCOME | |||
|---|---|---|---|
| Unrestricted | Restricted | Total funds | |
| funds | funds | 2023 | |
| Rent received | 5,530 | 5,530 | |
| Income from listed investments | 14,385 | 4,453 | 18,838 |
| Bank interest receivable | 1,051 | 1,051 | |
| 20,966 | 4,453 | 25,419 | |
| Unrestricted | Restricted | Total funds | |
| funds | funds | 2022 | |
| Rent received | 3,800 | 3,800 | |
| Income trom listed investments | 14,615 | 4,470 | 19,085 |
| Bank interest receivable | 7 | 7 | |
| 18,422 | 4,470 | 22,892 |
| Unrestricted | Total funds | Unrestricted | Total funds | |
|---|---|---|---|---|
| funds | 2023 | funds | 2022 | |
| f. | ||||
| Wood Management | 1,403 | 1,403 | ||
| Insurance | 730 | 730 | 461 | 461 |
| 730 | 730 | 1,864 | 1,864 |
| EXPENDIT | URE ON CHARITAB | LE ACTIVITIES BYFUND TY | PE | |
|---|---|---|---|---|
| Unrestricted | Restricted | Total funds | ||
| funds | funds | 2023 | ||
| Almshouses | costs | 104,605 | 2,436 | 107,041 |
| Donations | 9,613 | 9,613 | ||
| Supportcosts | 9,166 | 9,166 | ||
| 123,384 | 2,436 | 125,820 | ||
| Unrestricted | Restricted | Total funds | ||
| funds | funds | 2022 | ||
| Almshouses | costs | 106,459 | 630 | 107,089 |
| Donations | 7,448 | 7,448 | ||
| Supportcosts | 8,153 | 8,154 | ||
| 122,060 | 630 | 122,691 |
| EXPENDI | TURE | ON CHARITAB | LE ACTIVITIE | S BYACTIVI | TY TYPE | |
|---|---|---|---|---|---|---|
| Activities | ||||||
| undertaken | Total funds | Total funds | ||||
| directly | Support costs | 2023 | 2022 | |||
| Almshouses | costs | (see note to) | 107,041 | 107,041 | 107,089 | |
| Donations | (see note | 11) | 9,613 | 9,613 | 7,448 | |
| Governance | costs | (see note 12) | 9,166 | 9,166 | 8,154 | |
| 116,654 | 9,166 | 125,820 | 122,691 |
| ANALYSIS OFALMSHO | US | ES COSTS | ||
|---|---|---|---|---|
| Total 2023 | Total 2022 | |||
| Wardens' salaries and national |
insurance | 27@02 | 27,814 | |
| Wardens' pension costs |
2,860 | 2,437 | ||
| Clerks' salary and national | insurance | 7,739 | 7,922 | |
| Clerks' expenses | 292 | 294 | ||
| Light, heat, rates and water | 9,715 | 6,713 | ||
| Routine maintenance | 8,453 | 4,987 | ||
| Bad debts | 467 | |||
| Insurance | 2,952 | 2,869 | ||
| Gardening and cleaning |
7,248 | 6,087 | ||
| Legal and professional | 4,970 | 5,554 | ||
| Telephone and other ofBce |
costs | 2/03 | 3,030 | |
| Residents' welfare |
2,099 | 2,393 | ||
| Advertising | (338) | 338 | ||
| Seminars and training |
1,434 | 197 | ||
| 77,029 | 71,102 | |||
| Cyclical maintenance | 19,848 | 21,571 | ||
| Improvements to the estate |
9,464 | 13,786 | ||
| Restricted | ||||
| Extraordinary repairs |
700 | 630 | ||
| 107,041 | 107,089 | |||
| ANALYSIS OF DONATIONS | ||||
| 2023 | 2022 | |||
| GRANTS TO INSTITUTIONS | ||||
| Vicars | 116 | 78 | ||
| Lecturer | 72 | 120 | ||
| Gathering Place |
1,000 | |||
| Halifax Minster Education | project | 1,000 | ||
| Christians Together |
1,000 | |||
| Halifax Civic Trust | 125 | |||
| StAugustines | 2,000 | 1,000 | ||
| Overgate | 300 | 250 | ||
| John Mackintosh | 5,000 | 5,000 | ||
| Total grants | 9,613 | 7,448 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Wardens' salaries and |
national insurance | 1,437 | 1,455 | |
| Clerks' salary | and national insurance | 1,934 | 1,980 | |
| Clerk's expenses | 291 | 293 | ||
| Bank charges | 80 | 96 | ||
| Insurance | 380 | 380 | ||
| Independent | examiners | report | &45 | 770 |
| Legal and professional | fees | 4,199 | 3,180 | |
| 9,166 | 8,154 |
| NET LOSSE | SON INV | ESTM | ENTS | ||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2023 | Funds | 2022 | ||||
| f. | |||||||
| Gains/(losses) | on listed | investments | (1,020) | (1,020) | |||
| INDEPENDENT EXAMINATION FEES | |||||||
| 2023 | 2022 | ||||||
| Fees payable | to the independent | examiner | for: | ||||
| Independent | examination | ofthe | financial | statements | 845 | 770 | |
| Other financial services | 2,011 | 1,948 | |||||
| 2,856 | 2,718 |
| The total | staff costs an | d employee | benefits for the reporting perio |
d are analysed as foE | ows: |
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Warden's | salaries and | national insurance |
28,739 | 29,269 | |
| Clerks' salary, national | insurance | and contractor costs | 9,674 | 9,902 | |
| Employer | contribution | to pension | plans | 2,860 | 2,437 |
| 41,273 | 41,608 |
| TANGIBLE FIXEDASSETS | |
|---|---|
| Freehold | |
| property | |
| Cost | |
| At I March 2022 and 28February 2023 | 292,668 |
| Depreciation | |
| At I March 2022 and 28February 2023 | |
| Carrying amount |
|
| At 28February 2023 | 292,668 |
| At 28 February 2022 | 292,668 |
| INVESTMENTS | ||||
|---|---|---|---|---|
| Listed | Investment | |||
| investments | properties | Total | ||
| Cost orvaluation | ||||
| At 1 March 2022 | 770,122 | 53,500 | $23,622 | |
| Additions | ||||
| Disposals | (40,469) | (40,469) | ||
| Fair value movements | (l(,506) | (11,506) | ||
| At 28 February | 2023 | 718,147 | 53,500 | 771,647 |
| impairment At IMarch 2022 and 28February 2023 |
||||
| Carrying amount |
||||
| At 28February | 2023 | 718,147 | 53,500 | 771,647 |
| At 28 February 2022 | 770,122 | 53,500 | $23,622 |
| Cost | Fair value | Cost | Fair value | ||
|---|---|---|---|---|---|
| 2023 | 2023 | 2022 | 2022 | ||
| CCLA COIF | Ethical | ||||
| Investment Fund |
|||||
| (49,629 Income units) | 82,113 | 137,313 | 82,113 | 143,362 | |
| CCLA COIF | Ethical | ||||
| Investment Fund |
|||||
| (19,654 Income units) | 50,000 | 56,775 | 50,000 | 56,775 | |
| Charibond (33,492 | |||||
| Income units) | 40,469 | 39,763 | |||
| Newton Growth & | |||||
| Income fund | for | ||||
| Charities (207,280 | |||||
| income units) | 154,192 | 332,478 | 154,192 | 330,778 | |
| Sarasin Alpha | CIF for | ||||
| Endowments | (145,370 | ||||
| Income units) | 115,000 | 165,418 | 115,000 | 173,281 | |
| Sarasin Alpha | CIF for | ||||
| Endowments | (21,949 | ||||
| Income units) | 25,000 | 26,163 | 25,000 | 26,163 | |
| 426&305 | 718,147 | 466,774 | 770,122 |
| 2023 | 2022 |
|---|---|
| 5,093 | 7,709 |
| DUK | WITHIN | ON | E YE | AR | ||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| Social | security | and | other | taxes | 536 | 674 |
| Other | creditors | 1,068 | ||||
| 536 | 1,742 |
| Unrestricted | funds | ||||||
|---|---|---|---|---|---|---|---|
| At | At | ||||||
| 1 March | Gains and | 28February | |||||
| 2022 | Income | Expenditure | Transfers | losses | 2023 | ||
| General funds | 388,880 | 138,770 | (103,558) | (33,581) | (9,807) | 380,704 | |
| Cyclical | |||||||
| maintenance | fund | ||||||
| (CMF) | 119,679 | (19,856) | 19,856 | 119,679 | |||
| Extraordinary | |||||||
| repair fund (EFD- | |||||||
| D) | 182,060 | 13,725 | 195,785 | ||||
| 690,619 | 138,770 | (123,414) | (9,807) | 696,168 | |||
| At | At | ||||||
| 1 March | Gains and | 28 February | |||||
| 2021 | Income | Expenditure | Transfers | losses | 2022 | ||
| 6 | |||||||
| General funds | 357,008 | 130,058 | (102,353) | (34,903) | 39,070 | 388,880 | |
| Cyclical | |||||||
| maintenance | fund | ||||||
| (CMF) | 119,900 | (21,571) | 21,350 | 119,679 | |||
| Extraordinary | |||||||
| repair fund (EFD- | |||||||
| D) | 168,507 | 13,553 | 182,060 | ||||
| 645,415 | 130,058 | (123,924) | 39,070 | 690,619 |
| Restricted | funds | ||||||
|---|---|---|---|---|---|---|---|
| At | At | ||||||
| 1 March | Gains and | 28February | |||||
| 2022 | Income | Expenditure | Transfers | losses | 2023 | ||
| 8 | |||||||
| Extraordinary | |||||||
| repair fund | (ERF) | 184,805 | 4,453 | (700) | — | (2,720) | 185,838 |
| Community | |||||||
| Foundation | for | ||||||
| Calderdale | 3,450 | (2,436) | 1,014 | ||||
| 184,805 | 7,903 | (3,136) | (2,720) | 186,852 | |||
| At | At | ||||||
| 1 March | Gains and | 28 February | |||||
| 2021 | Income | Expenditure | Transfers | losses | 2022 | ||
| Extraordinary | |||||||
| repair fund | (ERF) | 169,007 | 4,470 | (630) | 11,958 | 184,805 | |
| Community | |||||||
| Foundation | for | ||||||
| Calderdale | |||||||
| 169,007 | 4,470 | (630) | 11,958 | 184,805 |
| Endowment | funds | ||||||
|---|---|---|---|---|---|---|---|
| At | At | ||||||
| 1 March | Gains and | 78February | |||||
| 2022 | Income | Expenditure | Transfers | losses | 2023 | ||
| Permanent | |||||||
| Endowment | Fund | 292,668 | 292,668 | ||||
| At | At | ||||||
| 1March | Gains and | 28 February | |||||
| 2021 | Income | Expenditure | Transfers | losses | 2022 | ||
| Permanent | |||||||
| Endowment | Fund | 292,668 | 292,668 | ||||
| ANALYSIS | OFNET ASSETS | BETWEEN FUNDS | |||||
| Unrestricted | Restricted | Endowment | Total funds | ||||
| funds | funds | funds | 2023 | ||||
| Tangible fixed assets | 292,668 | 292,668 | |||||
| Investments | 584,795 | 186,852 | 771,647 | ||||
| Current assets | 152,644 | 152,644 | |||||
| Creditors less than I year | (41,271) | (41,271) | |||||
| Net assets | 696,168 | 186,852 | 292,668 | 1,175,688 | |||
| Unrestricted | Restricted | Endowment | Total funds | ||||
| funds | funds | funds | 2022 | ||||
| Tangible fixed assets | 292,668 | 292,668 | |||||
| Investments | 638,817 | 184,805 | 823,622 | ||||
| Current assets | 95,701 | 95,701 | |||||
| Creditors less than I year | (43,899) | (43,899) | |||||
| Net assets | 690,619 | 184,805 | 292,668 | 1,168,092 |