| Page | No. | |||
|---|---|---|---|---|
| 1-5 | Repott ofthe Trustees | |||
| 6-7 | Report ofthe Independent | Examiners | ||
| Statement ofFinancial | Activities | |||
| Balance Sheet | ||||
| 10- | 17 | Notes to the Financial | Statements |
| Unrestricted | Endowment | Unrestricted | Endowment | |||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | |||
| Notes | 2023 | 2023 | 2022 | 2022 | ||
| Income | ||||||
| Income from charitable | activities: | |||||
| Almshouse maintenance |
contributions | 49,507 | 44,614 | |||
| Income from other trading activities: | ||||||
| Investment property rents Investments Donations |
92,425 2,741 |
81,844 6,220 |
||||
| Grant Iacome | ||||||
| Total Income | 144,673 | 132,678 | ||||
| Expenditure | ||||||
| Cost ofgenerating funds |
||||||
| Investment property maintenance Charitable activities Support costs |
16 16 |
12,143 101,623 16441 |
26,410 81,405 11,438 |
|||
| Total expeaditure | 130,107 | 119,253 | ||||
| Net income before other | recognised | |||||
| gaias aad losses Other recognised gains and losses |
14,566 | 13,425 | ||||
| Transfer torestricted funds |
||||||
| Transfer to endowment funds |
||||||
| Gains I(losses) on other investment assets |
(18,642) | 1,344 | ||||
| Net movement in funds |
(49076) | 14,769 | ||||
| Reconciliation offunds | ||||||
| Total funds brought forward IApril 2022 |
454,634 | 4,050,000 | 439,865 | 4,050,000 | ||
| Total funds canied forward 31 March 2023 |
450,558 | 4,050,000 | 454,634 | 4,050,000 |
| Notes | 2023 | 2023 | 2022 | 2022 | ||
|---|---|---|---|---|---|---|
| FIXEDASSETS | ||||||
| Almshouses | 1,810,000 | 1,810,000 | ||||
| Investment property |
2440,000 | 2,240,000 | ||||
| Computer equipment Other investments |
503302 | 472,029 | ||||
| 4,553487 | 4,522,029 | |||||
| CURRENT ASSETS | ||||||
| Debtors | 9 | 3,108 | 8,697 | |||
| Investments | 10 | 113,801 | 15l,706 | |||
| Cash at bank | 11 | 13441 | 5,234 | |||
| 130450 | 165,637 | |||||
| CREDITORS: Amounts within one year |
falling due | 12 | ~200 | 2,233 | ||
| NET CURRENT ASSETS | 127,970 | 163,404 | ||||
| NET ASSETS | 4,681 57 | 4,685,433 | ||||
| FUNDS | ||||||
| Endowment funds |
14 | 4,050,000 | 4,050,000 | |||
| Restricted reserves | 13 | 180,799 | 180,799 | |||
| Unrestricted reserves |
450,558 | 454,634 | ||||
| TOTAL CHARITY FUNDS | 4,681 57 | 4,685,433 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| The average weekly number ofpersons (including | the Clerk | |||
| to the Trustees) employed | during the year was: | |||
| Staffcosts (forthe above | persons) | |||
| Wages and salaries | 28,275 | 25 867 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Charities Official Investment Bank Deposit Interest |
Fund Interest | 2,094 | 74 | ||
| Investment | Dividends | and Interest | 647 | 6,146 | |
| 2 741 | 6,220 |
| Freehold | Total | ||
|---|---|---|---|
| Land ds | |||
| Buildings | |||
| Valuation | 1,810,000 | 1,810,000 | |
| Revaluations | |||
| Cost or Revalued | amount restated | 1410,000 | 1 10,000 |
| Freehold | Total | ||
|---|---|---|---|
| Land dr | |||
| Buildings | |||
| 0 | |||
| Cost or Revalued | amount restated | 2,240,000 | 2,240,000 |
| Revaluations | |||
| Cost or Revalued | amount restated | 2 40)000 | 2 40,000 |
| 7. COMPUTER EQUIPMENT |
||
|---|---|---|
| 2023 | 2022 | |
| NBV Brought Forward | 295 | |
| Addition | ||
| Depreciation | 295 | |
| NBV Carried Forward |
| FOR THE YE | FOR THE YE | FOR THE YE | FOR THE YE | AR END | ED 31MARCH | 2023 | ||
|---|---|---|---|---|---|---|---|---|
| S. | OTHER INVESTMENTS | |||||||
| 2023 | 2022 | |||||||
| 6 | ||||||||
| Quilter National Fund |
Investment Fund Association of Almshouses |
Common | Investment | 121,127 8,497 |
103,800 8,403 |
|||
| Aegon | Unit Trusts | 373,763 | 359,826 | |||||
| 503487 | 472,029 | |||||||
| 9. | DEBTORS | |||||||
| 2023 | 2022 | |||||||
| P repayments | 3,108 | 8697 | ||||||
| 10. | CURRENT | ASSETSINVESTMENTS | ||||||
| 2023 | 2022 | |||||||
| Deposit | Account: Charities Official Investment | Fund | 113,801 | 151,706 | ||||
| 11. | CASH AT BANK | |||||||
| 2023 | 2022 | |||||||
| 6 | ||||||||
| Current | account | 13,341 | 5,234 | |||||
| 13341 | 5,234 | |||||||
| 12. | CREDITORS: Amounts | falling | due within one year | |||||
| 2023 | 2022 | |||||||
| 8 | ||||||||
| Accrued | expenses | 1,8]5 | 1,820 | |||||
| Taxation | and social | security | 465 | 413 | ||||
| 2280 | 2,233 |
EXTRAORDINARY REPAIR RESER |
VE | |||
|---|---|---|---|---|
| Cyclical | Extraordinary | Total | ||
| Repairs and | Repair Reserve | |||
| Maintenance | ||||
| Reserve | ||||
| Balance at 1 April 2022 | 111,437 | 69,362 | 180,799 | |
| Transfer: Income and expenditure | ||||
| account | ||||
| Balance at 31March 2023 | 111,437 | 69@62 | 180,799 | |
| 14. MOVEMKNT IN FUNDS |
||||
| ENDOWMENT FUND |
||||
| Kndovvment | Total | |||
| Fund | ||||
| Balance at 1 April 2022 | 2,240,000 | 2,240,000 | ||
| Revaluation ofproperty |
||||
| Balance at 31March 2023 | 2 | 40,000 | 2 40,000 |
| Charitable | Support | Charitable | Support | Support | ||
|---|---|---|---|---|---|---|
| Activities | Costs | Acttvmes | Costs | |||
| 2023 | 2023 | 2022 | 2022 | |||
| f, | ||||||
| Day to day maintenance | 16,818 | 20,246 | ||||
| Extraordinary/cyclical | ||||||
| maintenance Clerk's Honorarium |
22,769 18,865 |
2,257 17,145 |
||||
| Assistant to the Clerk' s | ||||||
| Honorarium | 8,580 | 7,935 | ||||
| Wages | 829 | 787 | ||||
| Rent and rates | 4,207 | 934 | ||||
| Insurance | 4,040 | 3,993 | ||||
| Heat and light | 10,066 | 12,779 | ||||
| Garden maintenance | 8,602 | 8,323 | ||||
| Post, telephone and |
||||||
| stationery | 381 | 684 | ||||
| Legal and professional | fees | 2,300 | 1,791 | |||
| Accountancy fees |
1,815 | 1,770 | ||||
| Estate agents fees | 7,273 | 5,364 | ||||
| Sundry expenses | 4,572 | 1,534 | ||||
| Intercom | ||||||
| monitorlngqi feline |
4,654 | 4,242 | ||||
| Residents vouchers/party |
2,193 | 2,764 | ||||
| Depreciation | 295 | |||||
| 101,623 | 16,341 | 81405 | 1] | 438 |
| 2023 | 2023 | 2022 | 2022 | |||
|---|---|---|---|---|---|---|
| 8 | ||||||
| INCOME | ||||||
| Almshouse maintenance |
49,507 | 44,614 | ||||
| contributions | ||||||
| Interest | 2,372 | 2,626 | ||||
| Donations | ||||||
| Grant income | ||||||
| Investment income |
369 | 3,594 | ||||
| Investment properties |
92,425 | 144.673 | 81844 | 132,678 | ||
| LESSEXPENSES | ||||||
| Clerk's Honorarium | 18,865 | 17,145 | ||||
| Assistant to the Clerk' s | ||||||
| Honorarium | 8,580 | 7,935 | ||||
| Wages Rent and rates |
828 4,207 |
787 934 |
||||
| Light and beat Insurance |
10,066 4,040 |
12,779 3,993 |
||||
| Postage, telephone and stationery Day to day maintenance Lifeline fees |
381 16,818 4,654 |
684 20,246 4,242 |
||||
| Extraordinary maintenance |
22,769 | 2,257 | ||||
| Investment property maintenance |
12,143 | 26,410 | ||||
| Garden maintenance | 8,602 | 8,323 | ||||
| Legal and professional Accountancy fees Estate agents fees Sundries |
fees | 2,300 1,815 7,273 6,765 |
1,791 1,770 5,364 4,298 |
|||
| Depreciation | 130,106 | 295 | 119,253 | |||
| Surplus or (deficit) year |
for | the | 14,567 | 13,425 |