2022-03-31-accounts - Beverley Consolidated Charity

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				Expemlal)le		AI0)iI)aU)e		Fel'au)neo&
				La&to)ra)en&	nestrle&e&t	En&)civil)eu&	Des&gun&eel	En&teiYnlcn&	Total
			)note	Earn)	Funds	Fun&I	I and	Fund)	t)umts	2020
				E		f,		f,
Ii)ca)i)c
Income f)om Trading				5,764					5,764	23,795
Activities
h)vcstnic)it hica)1)c				391,46)0			31,541	2,130	425,131	306,708
hica)iic I&all)
Chmitablc Activities			3c			688,025			688,025	566,209
Total incoming Resources				397,224		688,025	31,541	2,130	1,118,920	896,712
Kxpciiditure
Investment Mauagenient
Costs			40	23,545			10,147	18,103	52,095	37,507
Charitable Activities			4b	46,160		1,177,575			1,223,735	652,736
Total Expenditure				69,705		1,177,575	10,447	18,103	1,275,830	di90,243
Nct Income/(Expewliture)			before Nct
Gains nnd Losses	ou	lnvestu)ants		327,519		(489,550)	21,094	(15,973)	(156,910)	206,469
Net Gains an&i Losses		ou	Investnients
(Loss)/su)pius an Disposal			of
Inveshuents							6,214	56i,654	62,S68	16,843
Gains on Investmenl	Disposals,
Written back							1,393	(48,273)	(46,880)	(79,980)
Unrcaiisc&l (Losses)/Gains			an
Investnient Assets					(5,536)		38,323	36)3,008	395,795	304,531
Nel Movcmcnt in Funds				327,519	(5,536)	(489,550)	67,024	355,416	254,873	447,S63
Trnnsfcrs bebvecn Fwids			12	(302,919)		374,919	(72,000)
Totnl Irunds, brought		forivnr&1		159,414	68,261	7,648,960	2,613,181	8,783,374	19,273,190	18,825,327
Total Funds, cnrrlc&l		fomvar&1		184,014	62,275	7,534,329	2,608,205	9,138,790	19,528,063	19,273,190

				Espcudoblc		Almshouse		Pe('uloncnl
				Eu(to)cmcu(	tlcslrtcted	Endo)rmm(i	ncstguoled	Kodo)rmeul	To(at
			Sole	FIII I (I	I'u u(II	FIII(tt	lfuu(t	Fun(ts	Fuo(ts	2020
					f.	f,	E			g
FIXrD ASSfTS
Tangible Assets				4,378		1,39C),329			7,400,707	7,584,75CI
Investluents			7
Collective Investment	Schenles				62,725			3,671,615	3,734,340	3,470,647
I'I'oi)cl'ty								3,617,C)98	3,617,698	3,617,698
Listed on I&ecognised
Stock Exchange							1,093,415	1,874,549	2,967,964	2,816,495
				4,378	62,725	7,396,329	1,093,415	9, 163,8C)2	17,720,709	17,489,59C)
CURRENT ASSETS			8
Sumhy Debtors and I'repayments				71,652		138,000			209,652	93,552
Cash at Bnnk aml in Hand				208,715			1,514,790		1,723,505	1,755,856
Inter-I'und Debtor			11	25,072					25,072	25,072
				305,439		138,000	1,514,790		1,958,229	1,874,480
CURRENT LIABILITH:S			9
Sundry Creditors				125,803					125,803	65,814
Inter-Fuod Creditor			Il					25,072	25,072	25,072
				125,803				25,072	150,875	90,886
NET ASSETS				184,014	62,725	7,534,329	2,608,205	9,138,790	19,528,063	19,273,190
f(UNDS			13
Expendable Eh)do)vment			Fund	184,014					184,014	159,414
Extraordinmy Repair Fund Other Restricted Funds					60,214 2,511				60,214 2,511	65,976 2,285
Alnlshouse Endorvmenl			Fund			7,534,329			7,534,329	7,648,960
Dosignated Fund							2,608,205		2,608,205	2,613,181
Pe('n)anent Budo)vnlenl		Fund						9,138,790	9,138,790	8,783,374
Total				184,014	62,725	7,534,329	2,608,205	9,138,790	19,528,063	19,273,190

			Pei lnd to	Ycnr emlml
			31/3/22	31/12/20
STATKhIKNT OF CASH F)LOWS C»sh iloiv from operating activities: ¹t cast) pravitletl by (asedin) operating	actlvl(les		(450,024)	4,724
Cash llo)v from investing activities:
Dividends, interest and rents liom iwestmcnts			425,131	306,707
Purchase ofproperty, plmil and cquipmenl			(4,078)	(491)
I'roccc&ls Crom rage ol'invcslmenls			355,256	285,691
Pul'chase ol hivcstnicnts			(358,636)	(830,650)
IVet cash pravitletl bv (asctl in) investing	acti&ilies		417,673	(238,743)
Change iu cash nnd cnsh equivalents In	thc
I'cpoi'thig pcl'lod			(32,351)	(234,019)
Cnsh nn&1 cnsh equivalents nt the beginning of the
reporting period			1,755,856	1,989,875
Cash nnd cnsh equivalents nt the eud of(hc
reporting pm lo&l			1,723,505	1,755,856
RECONCILIATION OF NKT INCOiVK/(EXPENDITURE)		TO NKT CASI4
FLOW FROIVI OPERATING ACTIVITIES
)Vet /neo)eel(evpeatttta) e)for /lie vepartiag period (aspc) tlir.
statemeat of financial ac/hi/les)			254,873	447,86)3
Ad]ustnlcnts loi'I
Depreciation charges (net of(iwofits)/losses on dispnsal)			188,127	149,879
(Gains)/losses on invcstmcnts			(411,783)	(241,394)
Dividends, interest mid rents fiom investments			(425,131)	(306,707)
(Increase)/decrease in debtors			(116,100)	(65,737)
Incrense/(dccrcasc) in creditors ¹t et&eh prov/&led by (assi/ in) operating	activides		59,990 (450,024)	20,820 4,724
ANALYSIS OF CASH AND CASH KQUVALKNTS
Cash in hand			1,723,505	1,755,856
Total cash nnd cash equivalents			1,723,505	1,755,856

							Perio&1 to	Yea) cndc&l
3a,	income	froln Trndiug	Activities				31/3/22	31/12/20
	Feed-in	la)iffs, Waylcavcs		/c E)nployulent	Allowmlcc		5,76)4	6,646
	Coronavilns Job Retention			Scheme Grants				17,149
							K5,764	f23,795
	All ofthe above income		relates to lhe expendable			cndolvmcnt	fund as lvas the case in 2020.
3b.	Invcstnlcnt laconic						Period to	Year euded
							31/3/22	31/12/20
	hlconlc	ffonl lnvcstnlcnt		Pl'opc)'flea			190,015	I46,890
	Income	from U.K.Listed		Iuvestmeuts			233,246	152,336
	Interest	Receivable					1,870	7,482
							K425,131	K306,708

Period to	Year ended
31/3/22	31/12/20
K688,025	K566),209

Investment	trlanagement Costs			Period to	Yenr en&lcd
				31/3/22	31/12/20
Pemlancnt	Endolvment - Share Manngenlent		Fee	18,103	13,354
Designated	Fmld —Share Managenleul	Fee		10,447	4,603
Expendable	Endownlcnt-
hwestment	Property Repairs			23,545	19,550
Investment	Prope)xy Refurbislunent
				K52,095	K37,507

		NOTL)S 'I'0	TIIEACCOUNTS (CON	TINUED)
nnlysls	ofcxpcndlturc	on charltnble	nctivities	Pe) iod to	Year ended
				31/3/22	31/12/20
Pl'opcl'ty	nllllntcnancc			218,718	227,025
PI'opcl'ty	rcfnibisliment			501,822	56,423
Properly	hlsinancc			18,523	14,541
Utility costs				16,618	15,502
Residents' reel I'arc				23,199	21,090
Depreciation				186,631	149,305
Supporl	Costs (see note 5a)			212,064	106,636
Govenmnce (see note 5b)				46,16)0	62,214
				f1,223,735	f652,736

	cmlo)vment fun&I (2020;f62 214)	cmlo)vment fun&I (2020;f62 214)	cmlo)vment fun&I (2020;f62 214)	cmlo)vment fun&I (2020;f62 214)	an&If1,177	an&If1,177	575 lo	lhc almshouse em	loivinent I'uml (2020:8	590,522).
5a.	Support Costs —All Almshouse				En&loivmenf		Fuml		Pcrio&l to	Yenr ended
									31/3/22	31/12/20
	Staff costs								76,325	42,569
	Oftice costs								23,597	16,013
	Conuninllcatlons cosls								8,731	5,801
	Citadel Couit Management			Fees					2,890	2,890
	Legal an&I Professional		Fees						95,955	38,137
	Sundries								1,983	364
	Residents Contributions		Waived						777
	Bank Chaiges								310	288
	Dcpl'cc)ation								1,496	574
									f212,064	f.106,636
5b.	Governance Costs-All		Kxpemlnble			Lrndoivment		Fun&1	Period to	Year ended
									31/3/22	31/12/20
	Salaries								29,661	46),493
	Officers and Trustees	Liability Insurance							2,084	1,603
	Audit mid Accountancy		Services						14,415	14,118
									846,160	862,214

infl' Costs					I'crlod to	Ycnr cndcd
					31/3/22	31/12/20
Wages nnd		Sale ies			130,610	144,088
Social Sccnlliy Coals					7,925	9,957
Employer	Pellsion Contribnliolls				2,869	3,051
Termination		Paymcnis	(all pnid in tile reporling	period)		17,090
					f,141,404	f.174,186

				2022	2020
				No.	No,
Adnlhlisil'at&oil				2.5	2.5
Cleaning Gardening				0.0 1.0	O. l 1.0
Pi'Olmrty		ll'lanagenlellt		0.0	1.0
				3.5	4.6
Auditors' nml	Accountmlts'		Remuneration	Period to	Year cu&le&l
				31/3/22	31/12/20
Audi(				4,500	4,500
Accountancy	and	other sen	ices	7,715	7,418
Irrecoverable	VAT			2,200	2,200
				f14,415	f14,118

Tnngiblc Fixed Assn(s	Tnngiblc Fixed Assn(s
		Ahnshouse Bn&lo&vment ~gun&I~ Alntshouses for	Kxpen&lal)lc 9 Bixtures nml	Lrndo&vmeni 0 Lensehol&l
		Chn& ital&le Use	I'it lings	Imp&'ovemeuts	Total
Cost or Vnluntlon
As at I" Janumy, Additions	2022	10,130,604	17,147 4,078	29,173	10,176,924 4,078
Disposals
As ai 31"h4arch,	2022	E10,130,604	E21,225	E29,173	E10,181,002
Dcp&'ccin(lon
As at In Jnmm&y,	2022	2,547,644	15,351	29,173	2,592,168
Charge for Period		18ChC)31	1,496		188,127
Written back
As at 31"March,	2022	E2,734,275	EIC8847	E29,173	E2,780,295
Nei Book Value nt 31/03/2022		f7,396,329	E4,378	E29,173	E7,400,707
Nei BookValue	at 31/12/2020	f7,582,960	E1,796		f7,584,756

d Asset Inv	es(	ments
								Period to	Year ended
								31/3/22	31/12/20
1nvestments	nt	market vahic couq)rised;
hlvcstlncnt	Pl'opcli les							3,617,698	3,617,698
Investments	Listed on		Recognised	Stock Exchange				2,817,633	2,522,802
Investments	in	Colleclive liwestment			Schemes			3,734,340	3,470,647
Cash A)vaiting		hwestment						150,331	293,693
								f.10,320,002	f9,904,840
Mov&nncnts	In	fixed	asset investments
						Stock Exch.	Collective	Cnsh
					Investment	Listed	Investment	A'lvaltlng
					Properties	Investments	Schc)ncs	Illvcst)nant	Tutal
At I"January, 2022 Additiolxs at Cost					3,617,698	2,522,802 501,998	3,470,647	293,693	9,904,840 501,998
Changes in	Market Value					132,101	263,693		395,794
Disposals at Carrying			Value			(339,268)		(143,362)	(482,630)
At 31"March,		2022			3,61 7,698	2,817,633	3,734,340	150,331	10,320,002

Dist& i(nit(	on of I ixe&l	Asset Inve	stments	stments
			S(ocl& Kxchnngc		Collcctivc	Cash
			Invcstlllcnts	Listed	(lives(lilcllt	Aiva it Ill g
			Pl'opci'ties	Iilvcstlllcllfs	Scllcll)cs	tuvestment	Total
As at 31n	December,	2020
Pcrnumcut	Endolvnicnt	Fun&I	3,617,698	1,731,613	3,402,386	56,749	8,808,446
Restricted	Fnnds				618,261		68,261
Designated	Fund			791,189		2361,944	l)028,133
			3,617,698	2,522,802	3,470,647	293,693	&A904,840

historical co	st ofE25	,122.
Analysis of	Current	Assets	Perio&l to	Yenr ended
			31/3/22	31/12/20
Debtors			6,345	9,586
Other Debtors and		Prepayments	203,307	83,&/66
Cash at Bank mi&l in Hand			1,723,505	1,755,856
Inter-fund	Debtor		25,072	25,072
			E1,958,229	E1,874,480

Analysis of	Current	Period to	Ycnr ended
		31/3/22	31/12/20
Creditors		102,897	21,680
Accrued Expenses		22,906	44,134
inter-fun&I	Creditor	25,072	25,072
		f.I50,875	f90,886

				Extraor&linn&	Extraor&linn&	v	Ahnshouse		P eI' illnocIII
			Expendable		Repair	Endo&vment		Deslgnnte&l	Emlonnlelit
			Linda&valent		Fund		lund	Fund	Fun&1
Contribution	to Extraordinaiy		Repair Fund				72,000	(72,000)
Suq&lns Residents Contributions,
excluding	Depreciation			(302,919)			302,919
Amount wi(hdra&vn fiom Extraordinaiy
Repair Vund
Funds set aside for future development
Almshouse	deposit pnid
Net Imvard/(Ouhvard) Transfers				(302,919)			374,919	(72,000)
Analysis ofNovcu&ents		in Fumls
						Realised aml
							Unrcallsed
			Balances at			Gains/(Losses)		on	Balauces at
			01/01/20	Income Expcn&llture			Investments	Trnnsfers	31/03/22
L'xpendable	Endowinent	Fuud	159,414	397,224	(69,705)			(302,919)	184,014
Restricted	funds:-
Exhaordinaiy Repair Fund 65,976							(5,761)		6)0,215
Sugden Bettison Fun&I			2,285				225		2,510
Almhouse	Endowment	Fund	7,648,96)0	688,025	(1,177,575)			374,919	7,534,329
Designnted	Building Fund		2,613,181	31,541	(10,447)		45,930	(72,000)	2,608,205
Permanenl	Endowment	Fund	8,783,374	2,130	(18,103)		371,389		9,138,790
			f19,273,19061,II8,920		f(1,275,830)		f411,783		K 1.9,528,063
Analysis ofMovements		in Funds —Prior Period
						Renliscd nml
							Unrealised
			Balances at			Gains/(Losses)		on	Balnnces at
			01/01/20	Income Expenditure			Investments	Transfers	31/12/20
Expendable Restricted	Endolvrnent funds, '-	Fund	155,583	310,603	(81,764)			(225,008)	159,414
Extraordin&wy Repair. Fund 61,956							4,020		65,976
Sugdcu Bettison Fund			2,470				(185)		2,285
Almhouse	Endolvn&eot	Fund	7,732,265	566,209	(590,522)		-	(58,992)	7,648,960
Desigimted	Building Fund		2,316,320	19,900	(4,603)		(2,436)	284,000	2,613,181
Permanent	Endo&vment	Fund	8,556,733		(13,354)		239,995		8,783,374
			f18,825,327	f896,712	(690,243)		241,394		f.19,273,190