THE ROBERT f•AiTER ALMSfrK>U8E8. F>UDSEY
THE ROBERT SALTER CHARITY
Charty Reglstration Number: 225866
Housing Corporation Registration Number: A3590
Report and Accounts
For the Year Ended 31" March 2022

THE ROBERT SALTER CHARITY
Report and Flnanclal Statements
For the Year Ended 31 March 2022
Contents
Page
Trustees, Annual Report
Statement of Financial Activities
Balance Sheet
Notes to the accounts
8-12

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The charity has no paid employees.
Key risks and uncertalnties
The major risks to the charity are:
Poor occupancy rates resulting In reduced income and potentially higher expenditure.
Loss of trustees and the ability to properly administer the charity.
Damage to properties (insurance is in place to mitigate this risk).
Approved by the trustees and signed on their behalf by:
Damon Sugden, Chalrman

Balance Sheet as at 31 March 2022
2022
2021
Note
Flxed Assets
Houslng Properties
Investments
16,493
790
17,283
42,649
790
43.439
Current Assets
Debtors
Cash at Bank
598
71,604
72,202
68,560
68,560
Creditors (amounts due within one
year
Net Current Assets
Total Assets less current Llabllltles
448
605
68,112
85.395
71,597
115,036
Credltors
Amounts failin8 due after more than
one year
20,321
10
Net Assets
85.395
94,715
Charfty Funds
Unrestricted Revenue Reserves
Designated Maintenance Reseryes
Total Funds
11
12
53,064
32,331
85.395
64,884
29,831
94,715
Ih
The financial statements were approved on behalf of the Trustees on 11 January 2022 and signed on
their behalf by'.-
Damon Sugden, Chalrman
Graham Booth, Treasurer

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The rehabllllatlon expendlture Is depreclated by maklnB perlodlc char8es for depreclatlon In the
Income and expendlture account equlvalent to related loan prlnclpal repayments In the year
over the perlod of the loan.
8) Cycllcal Malntenanc• Fund
Accrued cycllcal malntenance, beln8 the Charlty's Ilablllty to malntaln the Almshouses In
accordance wlth the Trustees, planned programme of work,15 provlded for the extent that It Is
probable that the provlsSon w511 be fully utlllsed over the course of the malntenance cycle.
External decoratlon and the decoratlon of Interlors Is planned to take place every three to four
vears.
h) Extraordlnary Repalr Fund
This provlslon reflects the Charlty's accruln8 Ilablllty to meet the cost of major repairs to the
structure of the Almshouses.
l) Debtors
Trade and other debtors are recorded at the settlement amount due. Prepayments are valued
at the amount prepaid.
J) Creditors
Creditors are recorded as the actual amount committed for expenditure. These are payments
relating to the financial year reported on but still outstanding at that year end.

Notes to the Att
unts
Income From Charltable Actlvltles
Weekly malntenance contrlbutlons recelved from resldents
2022
26,04S
2021
23,843
Income Fmm Charltable Artlvltles
Investment Income - NAACIF - Income
2022
2021
79
Expendtture On Charltable Artlvitles
Water Charges
Insurance
Routine Repairs
Gardening
Subscriptions
Depreciation
Sundry Expenditure
Empty Property Related
Sub Total
2022
1.488
1,229
3.761
1,120
506
5.955
160
2021
1,430
1,195
9.319
1,730
480
7.100
89
1,083
22,426
14,220
Mortgage Interest Costs
Mortgage Interest
903
1,424
10

10. Credltors- Amounts Due after more than one year
Outstanding Mortgage Balance
2021
20,321
Mort8age was secured by a charge on the Charlty's land and bulldln8s, being a loan repayable by
equal annual instalments of prlncipal and Interest where the last Instalments fell due in October
2026. The loan boar an Interest rate of 6.5% per annum. Loan capltal repaid in year amounted to
£2,542. The trustees took the declslon to repay thos loan early In full during the 2021122 financial
year.
2022
11. Unrestrlrted Funds
At l April
Surplus / (Loss) for year on normal activities
Early repayment of loan
Transfers to Designated Maintenance Funds
At 31 March
2022
64,884
11,(
-20,321
-2,500
2021
67,307
77
-2.5
53,063
64.884
12. Designated Malntenance Funds
Cyclical
Malntenance
Fund
12,427
Extraordinary
Repalr Fund
Total
As At l April 2021
Expenditure in Year
Transfers from Unrestricted Fund
Balance at 31 March 2022
17,404
29.831
1,000
13,427
1,500
18,904
2,500
32,331
The Scheme established on 24th August 1988 for the regulation of the Charity directs that a
Cyclical Maintenance Fund and an Extraordinary Repairs Fund be maintained and that transfers
thereto be made of annual instalments of £700 and £525. Currently transfers are set at £1,500 and
£I,CM)O respectably, although these amounts will be reviewed during 2022123.
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