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||||Page||
|---|---|---|---|---|
|Report ofthe|Trustees|I|to|3|
|Independent|Examiner's
Report||||
|Statement of|Financial Activities||||
|Balance Sheet||6|to|7|
|Notes to the|Financial Statements|8|to|16|
|Detaled Statement
of Financial Activifies||17|io|18|
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##
||||||2022|2021|
|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Endowment|Total|Total|
|||funds|funds|funds|funds|fund»"|
||Notes|E|5||||
|INCOME AND ENDOWMENTS|||||||
|FROM|||||||
|Charitable
activities|||||||
|Residential accommodation||119,815|||119,815|108,245|
|Investment
income|2|29,095|||29.095|24.996|
|Other income|4|6,688|||6,688|9,320|
|Total||155,598|||155,598|142,561|
|EXPENDITURE ON|||||||
|Raising funds||803||7.969|8,772|10,411|
|Chorltable
activtRes|||||||
|Residential
accommodation
Residential uci.orrirriudotion||148,378|||148,378|173,110|
|Terai||149,181||7,969|157,150|183.521|
|Net gains/(losses)
on|||||||
|investments|||(32,639)|(294,053)|(326,692)|202,985|
|NET INCOME/(EXPENDITURE)||6,417|(32,639)|(302,022)|(328,244)|162,025|
|Transfers between
funds|17|(1,076)||1.076|||
|Net movement
in funds||5,341|(32.639)|(300,946)|(328,244)|162,025|
|RECONCILIATION
OF FUNDS|||||||
|Total funds brought
forward||90,723|362,709|2,977,169|3,430,601|3,268,576|
|TOTAL FUNDS CARRIED|||||||
|FORWARD||96,064|330,070|2,676,223|3,102,357|3,430,601|
|||||||2022|2021|
|---|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Endowment|Total|Totol|
||||funds|funds|funds|funds|funds|
|||Notes|||K|||
|FIXED ASSETS||||||||
|Tangible assets||13|||1,400,000|1,400,000|1,400,000|
|Investments||14||330,070|1,245.716|1.575,786|1,906,872|
|||||330,070|2,645,716|2,975,786|3.306,872|
|CURRENT ASSETS||||||||
|Debtors||15|2,773|||2,773|2.983|
|Cash at bank and|in hand||99,369||32,347|131,716|128,972|
||||102,142||32,347|134,489|131,955|
|CREDITORS||||||||
|Amounts
falling due within||||||||
|one year||16|(6,078)||(1,840)|(7,918)|(8,226)|
|NET CURRENT ASSETS|||96,064||30,507|126,571|123,729|
|TOTAL ASSETS LESS|CURRENT|||||||
|LIABILITIES|||96.064|330,070|2,676,223|3,102,357|3,430,601|
|NET ASSETS|||96,064|330,070|2,676,223|3,102,357|3,430,601|
|FUNDS||||17|||
|---|---|---|---|---|---|---|
|Unrestricted
funds:|||||||
|Income and|expenditure|||account|60,628|55,627|
|Cyclical maintenance|||fund||35,436|35,096|
||||||96,064|90,723|
|Restdicted funds:|||||||
|Extraordinary|repuir|lurrd|||330,0/0|362,709|
|Endowment
funds:|||||||
|Capital funds|||||1,276,223|1,577,169|
|Building fund|||||1,400,000|1,400,000|
||||||2,6/6,223|2,977,169|
|TOTAL FUNDS|||||3,102,357|3,430,601|
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||iucoided
ul|liurisoction
pri|ce. Any losse|s arising from impairment
ar|e recognised
in expendi|ture.|
|---|---|---|---|---|---|---|
|2.|INVESTMENT|INCOME|||||
||||||2022|2021|
|||||||E|
||Investment|income|||28,563|24,986|
||Interest received||||532|10|
||||||29,095|24,996|
|3.|INCOME FROM CHARITABLE||ACTIVITIES||||
||||||2022|2021|
||||Activity||||
||Residents fees||Residential|accommodation|119,815|108,245|
|4.|OTHER INCOME||||||
||||||2022|2021|
||||||S|E|
||Lodge rents||||6,688|6,521|
||CJRSgrant|||||2,799|
||||||6,688|9,320|
##
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##
|RAISING FUNDS|RAISING FUNDS|||||
|---|---|---|---|---|---|
|Investment|management|costs||||
|||||2022|2021|
|||||E|E|
|Investment|advisors fees|||7,969|8,673|
|Rent collection||||803|1,738|
|||||8,772|10,411|
|CHARITABLE|ACTIVITIES COSTS|||||
||||Direct|Supporl||
||||Costs (see|costs (see||
||||note 7)|note 8)|Totals|
||||E||E|
|Residential|accommodation||129,902|18,476|148,378|
|DIRECT COSTS OF CHARITABLE ACTIVITIES||||||
|||||2022|2021|
||||||F.|
|Staff costs||||54,313|47,761|
|yvaterrates||||2,414|2,426|
|Insurance||||2,959|2,903|
|Light and heat||||16,328|17,075|
|Telephone||||554|460|
|Postage and stationery||||611|275|
|Advertising||||260|170|
|Sundries||||396|400|
|Provisions||||I7,829|15,739|
|Laundry
8,cleaning||||1,701|1,165|
|Repairs and|renewals|||14,784|42,535|
|Gardening||||17,141|19,556|
|Subscriptions||||537|505|
|Bank charges||||238|56|
|Council tax||||(343)|795|
|Trovelling expenses||||180||
|||||129,902|151,821|
##
##
##
|SUPPORT COS|TS|||||
|---|---|---|---|---|---|
|||||Governance||
||||Management|costs|Totals|
||||||K|
|Residential accommodation|||16.425|2,051|18,476|
|Support costs, included||in the above, are as follows:||||
|Management||||||
|||||2022|2021|
|||||Residential|Total|
|||||accommodation|activities|
|Payroll administration||||593|816|
|Clerk's remuneration||||15.832|15,574|
|||||16,425|16,390|
|Governance|costs|||||
|||||2022|2021|
|||||Residential|Total|
|||||accommodation|activities|
|||||K|E|
|Independent|examiners|fees||1,951|1,729|
|Legal fees||||100|3,170|
|||||2,051|4,899|
##
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##
##
|STAFF COST|S|||||
|---|---|---|---|---|---|
|||||2022|2021|
|||||E||
|Wages and|salaries|||53,961|47,443|
|Other pension costs||||352|318|
|||||54,313|47,761|
|The average
monthly||number of employees|duding the yeor was as follows:|||
|||||2022|2021|
|Charitable|activities|||4|4|
##
|COMPARATIVES
FOR THE STATEMENT OF FINANCIAL|COMPARATIVES
FOR THE STATEMENT OF FINANCIAL|AC'TIVITIES||||
|---|---|---|---|---|---|
||Unrestdcted||Restricted|Endowment|Total|
|||funds|funds|funds|funds|
|||||E|E|
|INCOME AND ENDOWMENTS|FROM|||||
|Charitable
activiRes||||||
|Residential accommodation||108,245|||108,245|
|Investment
income||24,996|||24,996|
|Other income||9,320|||9,320|
|Total||142,561|||142,561|
|EXPENDITURE ON||||||
|Raising funds||1,738||8,673|10,411|
|Charitable
activities||||||
|Residential accommodation||173,110|||173.110|
|Total||174,848||8,673|183,521|
|Net gains on investments|||53,720|149,265|202,985|
|NET INCOME/(EXPENDITURE)||(32,287)|53,720|140,592|162,025|
|Transfers between
funds||865||(865)||
|Net movement
in funds||(31,422)|53,720|139,727|162,025|
|RECONCILIATION
OF FUNDS||||||
|Total funds brought
forward||122,145|308,989|2,837,442|3.268,576|
|TOTAL FUNDS CARRIED FORWARD||90,723|362.709|2,977,169|3,430,601|
##
##
##
||||Listed|Unlisted||
|---|---|---|---|---|---|
||||investments|investments|Totals|
||||5|||
|MARKET VALUE||||||
|At I January 2022|||1,544,163|362,709|1.906,872|
|Additions|||20,000||20,000|
|Disposals
Revaluations|||(24,394)
(294.053)|(32,639)|(24,394)
(326,692)|
|At 31 December|2022||1,245,716|330,070|1,575,786|
|NET BOOK VALUE||||||
|At 31 December|2022||1,245.716|330.070|1,575,786|
|At 31 December|2021||1.544. 163|362,709|1,906,872|
|Investment
assets held||in the UK and overseas are analysed|as follows:|||
|UK Equities
8, Bonds|||||18.0%%u|
|North American|Equities||||14.8%%uo|
|European
Equities|||||2.3%%u0|
|Asia Equities|||||3.4%%uo|
|Global investments|||||45.I%%uo|
|Absolute
return|||||3.8%%uo|
|Property|||||2.1 %%uo|
|Overseas bonds|||||3.9%%uo|
|Other|||||6.6/|
##
|15.|DEBTORS:AMOUNTS
F|ALLING DUE WITHIN ONE YEAR|||
|---|---|---|---|---|
||||2022|2021|
||||E||
||Prepayments||2,773|2,983|
|16.|CREDITORS: AMOUNTS|FALLING DUE WITHIN ONE YEAR|||
||||2022|2021|
||||E||
||Accrued expenses||7.918|8,226|
##
##
||||||Net|Transfers||
|---|---|---|---|---|---|---|---|
||||||movement|between|At|
|||||At 1.1.22|in funds|funds|31.12.22|
|Unrestricted|tends|||||||
|Income and|expenditure||account|55,627|6,077|(1,076)|60,628|
|Cyclical maintenance||fund||35,096|340||35,436|
|||||90,723|6,417|(1,076)|96,064|
|Restricted funds||||||||
|Extraordinary|repair fund|||362,709|(32,639)||330,070|
|Endowment|funds|||||||
|Capital funds||||1,577,169|(302,022)|1,076|1,276,223|
|Building fund||||1,400,000|||1,400,000|
|||||2,977.169|(302,022)|1,076|2,676,223|
|TOTAL FUNDS||||3,430.601|(328,244)||3,102,357|
|Net moveme|nt
in fund|s.|included
in the|above are as follow|s:|||
|---|---|---|---|---|---|---|---|
|||||Incoming|Resources|Gains and|Movement|
|||||resources|expended|losses|in funds|
||||||8|E||
|Unrestricted|funds|||||||
|Income ond|expenditure||account|155,258|(149.181)||6,077|
|Cyclical maintenance||fund||340|||340|
|||||155,598|(149,181)||6,417|
|Restricted funds||||||||
|Extraordinary|repair fund|||||(32,639)|(32,639)|
|Endowment|funds|||||||
|Capital funds|||||(7,969)|(294,053)|(302,022)|
|TOTAL FUNDS||||155,598|(157,150)|(326,692)|(328,244)|
##
##
##
##
||||||Net|Transfers||
|---|---|---|---|---|---|---|---|
||||||movement|between|At|
|||||At 1.1.21|in funds|funds|31.12.21|
|||||8|||K|
|Unrestricted
funds||||||||
|Income and expenditure
account
Cyclical maintenance
fund||||87,055
35,090|(32,293)
6|865|55,627
35,096|
|||||122,145|(32,287)|865|90,723|
|Restricted funds||||||||
|Extraordinary
repair fund||||308,989|53,720||362,709|
|Endowment
funds||||||||
|Capital funds||||1,437,442|140,592|(865)|1,577,169|
|Building fund||||1.400,000|||1,400,000|
|||||2,837,442|140,592|(865)|2,977,169|
|TO'TAL FUNDS||||3,268,576|162,025||3,430,601|
|Comparative
net movement|||in funds, included|in the above|are as follows:|||
|||||Incoming|Resources|Gains and|Movement|
|||||resources|expended|losses|in funds|
|||||||8||
|Unrestricted
funds||||||||
|Inr ome and expenditure
account
Cyclical maintenance
fund||||142,555
6|(174,848)||(32,293)
6|
|Restricted funds||||142,561|(174,848)||(32,287)|
|Extraordinary
repair fund||||||53.720|53.720|
|Endowment
funds||||||||
|Capital funds|||||(8,673)|149,265|140,592|
|TOTAL FUNDS||||142,561|(183,521 )|202,985|162,025|
##
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##
|||||2022|2021|
|---|---|---|---|---|---|
||||||E|
|The carrying amounts
of|the charity's financial|instruments|are as|||
|follows:||||||
|Financial assets measured|at fair value|||||
|Fixed asset listed investments||||1245,/16|1,544, 164|
|Fixed asset unlisted|investments|||330,071|362,709|
##
##
##
|||2022|2021|
|---|---|---|---|
|INCOME AND ENDOWMENTS||||
|Investment
income||||
|Investment
Income||28,563|24,986|
|Interest received||532|10|
|||29,095|24,996|
|Chargable
activtges||||
|Residents fees||119,815|108,245|
|Other Income||||
|Loclge rents||6,688|6,521|
|CJRSgrant|||2.799|
|||6,680|9,320|
|Total incoming resources||155.598|142,561|
|EXPENDITURE||||
|Investment
management|costs|||
|Investment
advisors fees||7,969|8,673|
|Rent collection||803|1,738|
|||8,772|10,411|
|Charitable
activIRes||||
|Wagr. s||53,961|47,443|
|Pension contdbutions||352|318|
|Waterrates||2,414|2,426|
|Insurance||2,959|2,903|
|Lighr and heat||16,328|17,075|
|Telephone||554|460|
|Postage and stationery||611|275|
|Advertising||260|170|
|Sundhies||396|400|
|Provisions||17,829|15,739|
|Laundry
Ik cleaning||1,701|1,165|
|Repairs and renewals||14,784|42,535|
|Gardening||17,141|19,556|
|Subscriptions||537|505|
|Bank charges||238|56|
|Council tax
Travelling
expenses||(343j
180|795|
|||129,902|151,821|
|Supportcosls||||
|Management||||
|Payroll administrotion||593|816|
|Canied forward||593|816|
##
||||2022|2021|
|---|---|---|---|---|
||||E||
|Management|||||
|Brought forward|||593|816|
|Clerk's remuneration|||15,032|15,574|
||||16,425|16,390|
|Governance|costs||||
|Independent|examiners|fees|1,951|1,729|
|Legal fees|||100|3,170|
||||2,051|4,899|
|Total resources|expended||157,150|183,521|
|Net expenditure|||(1,5521|(40,960)|