| Page | |
|---|---|
| Reference and administrative details ofthe Charity, its Trustees and advisers |
|
| Trustees' report | 2-5 |
| Independent examiner's report |
|
| Statement offinancial activities | |
| Balance sheet | |
| Notes to the financial statements | 9-22 |
| Trustees | G Connell | |||||
|---|---|---|---|---|---|---|
| 0Cooke | ||||||
| M B N Howard | ||||||
| S BG Howard | (deceased 27 February 2022) | |||||
| N J A Hutton | MBE | |||||
| S M Kendall, | Chair | |||||
| 0 G Stephenson | (resigned 13August 2021) | |||||
| Charity registered | number | 225826 | ||||
| Principal office | Fowler Sandford | |||||
| 8 St James' Street | ||||||
| Sheffield | ||||||
| S11XN | ||||||
| Secretary | N R BRobinson | FRICS | ||||
| Bankers | National Westminister |
Bank pic | ||||
| 42 High Street | ||||||
| Sheffield | ||||||
| S12GE | ||||||
| Solicitors | Knights pic |
|||||
| Commercial | House | |||||
| 14Commercial | Street | |||||
| Sheffield | ||||||
| S12AT | ||||||
| Independent | examiner | Philip Allsop | FCA | |||
| BHP LLP | ||||||
| 2 Rutland Park |
||||||
| Sheffield | ||||||
| S102PD |
| Unrestricted | Restricted | Endowment | Total | Total | |||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | funds | |||
| 2022 | 2022 | 2022 | 2022 | 2021 | |||
| Note | f | f | f | f | f | ||
| Income and | |||||||
| endowments from: |
|||||||
| Charitable activities |
109,846 | 109,846 | 107,224 | ||||
| Investments | 15,313 | 15,313 | 16,595 | ||||
| Total income and | |||||||
| endowments | 125,159 | 125,159 | 123,819 | ||||
| Expenditure on: |
|||||||
| Raising funds | 1,665 | 3,810 | 5,475 | 4,890 | |||
| Charitable activities |
82,475 | 28,691 | 111,166 | 157,425 | |||
| Total expenditure | 84,140 | 28,691 | 3,810 | 116,641 | 162,315 | ||
| Net | |||||||
| income/(expenditure) | |||||||
| before net gains | on | ||||||
| investments | 41,019 | (28,691) | (3,810) | 8,518 | (38,496) | ||
| Net gains on investments | 13,170 | 33,666 | 46,836 | 131,104 | |||
| Net income/ | |||||||
| (expenditure) | 54,189 | (28,691) | 29,856 | 55,354 | 92,608 | ||
| Transfers between |
funds | 14 | (14,906) | 15,000 | (94) | ||
| Net movement in funds |
39,283 | (13,691) | 29,762 | 55,354 | 92,608 | ||
| Reconciliation offunds: |
|||||||
| Total funds brought | |||||||
| forward | 256,156 | 1,121,755 | 549,174 | 1,927,085 | 1,834,477 | ||
| Net movement in funds |
39,283 | (13,691) | 29,762 | 55,354 | 92,608 | ||
| Total funds carried | |||||||
| forward | 295,439 | 1,108,064 | 578,936 | 1,982,439 | 1,927,085 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Note | f | f | |||||
| Fixed assets | |||||||
| Tangible assets | 10 | 1,045,064 | 1,073,755 | ||||
| Investments | 805,415 | 764,011 | |||||
| 1,850,479 | 1,837,766 | ||||||
| Current assets | |||||||
| Debtors | 12 | 8,967 | 8,375 | ||||
| Cash at bank and in hand | 131,301 | 89,225 | |||||
| 140,268 | 97,600 | ||||||
| Creditors: amounts | falling due within | one year | 13 | (8,308) | (8,281) | ||
| Net current assets | 131,960 | 89,319 | |||||
| Total assets less current liabilities |
1,982,439 | 1,927,085 | |||||
| Total net assets | 1,982,439 | 1,927,085 | |||||
| Charity funds | |||||||
| Endowment funds |
(incl. revaluation | reserve | |||||
| E103,218(2021:E98,813) | 14 | 578,936 | 549,174 | ||||
| Restricted funds | 14 | 1,108,064 | 1,121,755 | ||||
| Unrestricted funds |
(incl. revaluation | reserve | |||||
| E40,378(2021:E38,655) | 14 | 295,439 | 256,156 | ||||
| Total funds | 1,982,439 | 1,927,085 |
| Unrestricted | Total | Total |
|---|---|---|
| funds | funds | funds |
| 2022 | 2022 | 2021 |
| f | f | f |
| 109,846 | 109,846 | 107,224 |
| 107,224 | 107,224 |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2022 | 2022 | 2021 | ||
| f | f | f | ||
| Dividends | and interest received | 15,313 | 15,313 | 16,595 |
| Tota I 2021 | 16,595 | 16,595 |
| Investment | management | fees |
|---|---|---|
| Tota I 2021 |
| Unrestricted | Endowment | Total | Total |
|---|---|---|---|
| funds | funds | funds | funds |
| 2022 | 2022 | 2022 | 2021 |
| f | f | f | f |
| 1,665 | 3,810 | 5,475 | 4,890 |
| 1,500 | 3,390 | 4,890 |
| Unrestricted | Restricted | |||||
|---|---|---|---|---|---|---|
| funds | funds | Total | Total | |||
| 2022 | 2022 | 2022 | 2021 | |||
| f | f | f | f | |||
| Light and heat | 2,604 | 2,604 | 4,182 | |||
| Repairs | 47,493 | 47,493 | 92,526 | |||
| Gardening | expenses | 4,676 | 4,676 | 4,670 | ||
| Management | expenses | 15,200 | 15,200 | 15,200 | ||
| Insurances | 5,068 | 5,068 | 4,923 | |||
| Sundries | 546 | 546 | 259 | |||
| Cleaning | 559 | 559 | 804 | |||
| Monitoring | expenses | 3,733 | 3,733 | 3,733 | ||
| Depreciation | 28,691 | 28,691 | 28,633 | |||
| Accountancy | 1,758 | 1,758 | 1,712 | |||
| Bank charges | 183 | 183 | 153 | |||
| Governance | costs (note 8) | 655 | 655 | 630 | ||
| 82,475 | 28,691 | 111,166 | 157,425 | |||
| Tota I 2021 | 128,792 | 28,633 | 157,425 |
| 2022 | 2021 |
|---|---|
| f | f |
| 655 | 630 |
| 655 | 630 |
| Freehold | |
|---|---|
| propertyf | |
| Cost | |
| At 1April 2021 | 1,434,544 |
| At 31March 2022 | 1,434,544 |
| Depreciation | |
| At 1April 2021 | 360,789 |
| Charge for the year | 28,691 |
| At 31March 2022 | 389,480 |
| Net book va/ue | |
| At 31March 2022 | 1,045,064 |
| At 31March 2021 | 1,073,755 |
| Listed | Total | Total | ||
|---|---|---|---|---|
| investments | 2022 | 2021 | ||
| f | f | f | ||
| Cost or valuation | ||||
| At 1April 2021 | 740,098 | 740,098 | 627,637 | |
| Additions | 94,765 | 94,765 | 116,690 | |
| Disposals | (110,246) | (110,246) | (135,333) | |
| Revaluations | 46,836 | 46,836 | 131,104 | |
| At 31March | 2022 | 771,453 | 771,453 | 740,098 |
| Investment | cash | 33,962 | 33,962 | 23,913 |
| At 31March | 2022 | 805,415 | 805,415 | 764,011 |
| Historical cost of listed investments | 627,857 | 627,857 | 602,630 |
| 2022 | 2021 | |
|---|---|---|
| f | f | |
| Prepayments | 1,341 | 1,303 |
| Other debtors | 1,765 | 1,523 |
| Rent arrears | 5,861 | 5,549 |
| 8,967 | 8,375 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| f | f | |||
| Rentin advance | 306 | 726 | ||
| Accruals | 8,002 | 7,555 | ||
| 8,308 | 8,281 | |||
| 2022 | 2021 | |||
| f | E | |||
| Deferred income | ||||
| Deferred income | at 1April 2021 | 726 | 883 | |
| Resources deferred during the year |
306 | 726 | ||
| Amounts released |
from previous | periods | (726) | (883) |
| Deferred income | at31March 2022 | 306 | 726 |
| Balance at 1 | Transfers | Gains/ | Balance at 31 | |||
|---|---|---|---|---|---|---|
| April 2021 | Income | Expenditure | in/out | (Losses) | March 2022 | |
| f | f | f | f | f | f | |
| Unrestricted | ||||||
| funds | ||||||
| Designated funds | ||||||
| Cyclical | ||||||
| maintenance | 91,534 | 35,000 | 126,534 | |||
| General funds | ||||||
| General | 164,622 | 125,159 | (84,140) | (49,906) | 13,170 | 168,905 |
| Total Unrestricted | ||||||
| funds | 256,156 | 125,159 | (84,140) | (14,906) | 13,170 | 295,439 |
| Endowment funds |
||||||
| Investment funds |
549,174 | (3,810) | (94) | 33,666 | 578,936 | |
| Restricted funds | ||||||
| Almshouses | 476,983 | (15,181) | 461,802 | |||
| Fixed asset fund | ||||||
| (inc Shrewsbury | ||||||
| Hospital Funds) |
596,772 | (13,510) | 583,262 | |||
| Extraordinary | ||||||
| repair fund | 48,000 | 15,000 | 63,000 | |||
| 1,121,755 | (28,691) | 15,000 | 1,108,064 | |||
| Total offunds | 1,927,085 | 125,159 | (116,641) | 46,836 | 1,982,439 |
| Balance at | ||||||
|---|---|---|---|---|---|---|
| Balance at | Transfers | Gains/ | 31March | |||
| 1April 2020 | Income | Expenditure | in/out | (Losses) | 2021 | |
| f | f | f | f | f | f | |
| Unrestricted | ||||||
| funds | ||||||
| Designated funds | ||||||
| Cyclical | ||||||
| maintenance | 94,940 | (3,406) | 91,534 | |||
| General funds | ||||||
| General | 152,999 | 123,819 | (130,292) | (18,770) | 36,866 | 164,622 |
| Total Unrestricted | ||||||
| funds | 247,939 | 123,819 | (130,292) | (22,176) | 36,866 | 256,156 |
| Endowment funds |
||||||
| Investment funds |
458,450 | (3,390) | (124) | 94,238 | 549,174 | |
| Restricted funds | ||||||
| Almshouses | 491,524 | (14,541) | 476,983 | |||
| Fixed asset fund | ||||||
| (inc Shrewsbury | ||||||
| Hospital Funds) |
603,564 | (14,092) | 7,300 | 596,772 | ||
| Extraordinary | ||||||
| repair fund | 33,000 | 15,000 | 48,000 | |||
| 1,128,088 | (28,633) | 22,300 | 1,121,755 | |||
| Total offunds | 1,834,477 | 123,819 | (162,315) | 131,104 | 1,927,085 |
| 15. | Summary offunds | Summary offunds | ||||||
|---|---|---|---|---|---|---|---|---|
| Summary offunds | - current year | |||||||
| Balance at 1 | Transfers | Gains/ | Balance at 31 | |||||
| April 2021 | Income | Expenditure | in/out | (Losses) | March 2022 | |||
| f | f | f | f | f | f | |||
| Designated | funds | 91,534 | 35,000 | 126,534 | ||||
| Genera I funds |
164,622 | 125,159 | (84,140) | (49,906) | 13,170 | 168,905 | ||
| Endowment | funds | 549,174 | (3,810) | (94) | 33,666 | 578,936 | ||
| Restricted | funds | 1,121,755 | (28,691) | 15,000 | 1,108,064 | |||
| 1,927,085 | 125,159 | (116,641) | 46,836 | 1,982,439 | ||||
| Summary offunds | - prior year | |||||||
| Balance at | ||||||||
| Balance at | Transfers | Gains/ | 31March | |||||
| 1April 2020 | Income | Expenditure | in/out | (Losses) | 2021 | |||
| f | f | f | f | f | f | |||
| Designated | funds | 94,940 | (3,406) | 91,534 | ||||
| Genera I funds |
152,999 | 123,819 | (130,292) | (18,770) | 36,866 | 164,622 | ||
| Endowment | funds | 458,450 | (3,390) | (124) | 94,238 | 549,174 | ||
| Restricted | funds | 1,128,088 | (28,633) | 22,300 | 1,121,755 | |||
| 1,834,477 | 123,819 | (162,315) | 131,104 | 1,927,085 |
| Unrestricted | Restricted | Endowment | Total | |
|---|---|---|---|---|
| funds | funds | funds | funds | |
| 2022 | 2022 | 2022 | 2022 | |
| f | f | f | f | |
| Tangible fixed assets | 1,045,064 | 1,045,064 | ||
| Fixed asset investments | 226,479 | 578,936 | 805,415 | |
| Current assets | 77,268 | 63,000 | 140,268 | |
| Creditors due within one year | (8,308) | (8,308) | ||
| Total | 295,439 | 1,108,064 | 578,936 | 1,982,439 |
| Unrestricted | Restricted | Endowment | Total | |
|---|---|---|---|---|
| funds | funds | funds | funds | |
| 2021 | 2021 | 2021 | 2021 | |
| f | f | f | f | |
| Tangible fixed assets | 1,073,755 | 1,073,755 | ||
| Fixed asset investments | 214,837 | 549,174 | 764,011 | |
| Current assets | 49,600 | 48,000 | 97,600 | |
| Creditors due within one year | (8,281) | (8,281) | ||
| Total | 256,156 | 1,121,755 | 549,174 | 1,927,085 |