2020-12-31-accounts - King's Lynn General Charities

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			Page
Reference and Administrative Details
Report ofthe Trustees		2	to	4
Report ofthe Independent Auditors		5	to	7
Statement ofFinancial	Activities
Balance Sheet
Notes to the Financial	Statements	10	to	17
Detailed Statement of	Financial Activities	18	to	21

TRUSTEES	DJWhitmore
	R G Pannell
	A J Williams
	A C Thorarinsson
	M J Frammingham
	Ms SM Cambridge
	Mrs A Wadsworth	(resigned 13.10.20)
	KL Blythe
	Mrs J Saunders
	KBanks
	Miss KE Smith
	Miss J A Taylor (resigned			1.3.21)
	RJHarrison
	RW Brain (appointed		19.1.21)
PRINCIPAL ADDRESS	27-29 Old Market
	Wisbech
	Cambridgeshire
	PE13 INE
REGISTERED CHARITY	233003
NUMBER
INDEPENDENT AUDITORS	Hayhow &Co
	Statutory Auditor
	19King Street
	King's Lynn
	Norfolk
	PE30 1HB
SOLICITORS	Hawkins Ryan
	19Tuesday Market	Place
	King's Lynn
	Norfolk
	PE30 1JP
	A J Cave

		F	OR THE	YEAR EN	DED 31DECEM	BER 2020
								31.12.20	31.12.19
					Unrestricted	Restricted	Endowment	Total	Total
					funds	funds	fund	funds	funds
				Notes	f.	f.	f	f	f
INCOME AND	ENDOWMENTS		FROM
Charitable activities
Almshouses					147,069			147,069	141,063
Donations and legacies					1,000			1,000
Investment income					25,756			25,756	25331
Other income					334			334	534
Total					174,159			174,159	166,828
EXPENDITURE	ON
Charitable activities
Almshouses					129,322			129,322	115,136
Poor Fund					1,993			1,993	1,299
Annuallunch					57			57	1,548
Net gains/(losses)	on investments				23 788			{)5772)	~85
NET INCOME					18,999		8,016	27,015	132,431
Transfers between	funds				~6250)		6250
Net movements in funds					12,749		14,266	27,015	132,431
RECONCILIATION		OF FUNDS
Total funds brought		forward			~6	3jgt4	247 191	893 471	761 040
TOTAL FUNDS CARRIED FORWARD

3	1DECEM	BER 2020
					31.12.20	31.12.19
		Unrestricted	Restricted	Endoivment	Total	Total
		funds	funds	funds	funds	funds
	Notes		g	f
FIXEDASSETS
Investments	6	487,123	37,074	132,787	656,984	656,129
CURRENT ASSETS
Debtors	7	2,101			2,101	2,040
Cash at bank		196925	530	128670	326 125	332064
		199,026	530	128,670	328,226	334,104
CREDITORS
Amounts falling due within one year	8	~20 631			{20631)	~42 107
NET CURRENT ASSETS
TOTAL ASSETSLESSCURRENT LIABILITIES		665,518	37,604	261,457	964,579	948,126
CREDITORS
Amounts falling due atter more than one year	9	{44093)			{44093)	{54655)
NET ASSETS
FUNDS
Unrestricted funds	11	621,425			621,425	608,676
Restricted funds			37,604		37,604	37,604
Endowment funds				261 457	261 457	247 191
TOTAL FUNDS		~21 42	~	~	~	~41

			31.12.20	31.12.19
COIF Income shares			7,033	6,898
NAACIF	Accumulation	shares	16,627	16,142
Barclays Bank Pic			169	337
Cambridge	and Counties		1,927	1,854
			25,756	25,231

				31.12.20	31.12.19
Fees payable to the charity's	auditors	for the audit ofthe charity's	financial
statements				2,328	2 328

	During the year payments	were made for reimbursement ofgeneral	expenses as follows:—
			2020	2019
	D J Whitmore		78	177
	Mrs J Saunders		407	85
	Mrs A Wadsworth			112
			485	374
5.	NET RESOURCES EXPENDED FOR THE YEAR
	This is stated after charging:
			2020	2019
			f
	Clerk's remuneration		11,981	11,808
	Auditor's remuneration		2,328	2 328
	The Clerk's remuneration	is paid to Wheelers for the administration	ofthe Charity.
	FIXEDASSET INVESTMENTS
				Unlisted
				investments
	MARKET VALUE
	At 1 January 2020			656,129
	Additions			16,627
	Revaluations			~15,772)
	At 31 December 2020			f656,984
	NET BOOK VALUE
	At 31 December 2020			f656,984
	At 31 December 2019			f~656 12

7.	DEBTO	R	S:AMOUNTS	FALLING DUE WITHIN ONE YEAR
					31.12.20	31.12.19
					f	f.
	Other debtors				227	193
	Prepayments		and accrued	income	1,874	1,847
					2,101	2,040
8.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
					31.12.20	31.12.19
	Other loans		(see note 10)		10,562	10,562
	Trade creditors				2,274	22,844
	Accruals and deferred income				7,795	8,701
					20,631	42,107
9.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONK YEAR
					31.12.20	31.12.19
					f	f.
	Other loans		(see note 10)		44 093	54,655
10.	LOANS
	An analysis		ofthe maturity	ofloans is given below:
					31.12.20	31.12.19
					f
	Amounts	falling due within one year on demand:
	Almshouse		Association		10,562	10,562
	Amounts	falling between		one and two years:
	Almshouse		Association		10,562	10562
	Amounts	falling due between two and five years:
	Almshouse		Association		23,687	27,687
	Amounts	falling due in more than five years;
	Repayable		by instalments:
	Almshouse		Association

MOVEMEN	T IN FU	NDS
					Net	Transfers
					movement	between	At
				At 1.1.20	in funds	funds	31.12.20
						f
Unrestricted	funds
General fund				139,602	24,943	(17,711)	146,834
Cyclical Maintenance		Fund		81,473	52	17,860	99,385
Extraordinary	Repair Fund			317,270	(13,602)	(6,399)	297,269
Charity for the Poor				43,313	2,647		45,960
Charity for Sermons				1,640	127		1,767
King's Lynn	&Wisbech Hospital		NHS	4			4
Trttst
Bank interest	received			136			136
Income Fund	—Len Rush			25 238	4 832		30070
				608 676	18999	~6250)	621 425
Restricted Funds
Charity for the Poor Capital Balance				17,074			17,074
15Kent Road	Fund			20,530			20,530
				37 604			37 604
Endowment	funds
Permanent Endowment		Fund		247,191	8,016	6,250	261,457
TOTAL FUNDS				893,471	27,015		920486
Net movement	in funds, included		in the above are as follows:
				Incoming	Resources	Gains and	Movement
				resources	expended f.	losses	in funds f
Unrestricted	funds
General fund				153,595	(129,322)	670	24,943
Cyclical Maintenance		Fund		52			52
Extraordinary	Repair Fund			16,627		(30,229)	(13,602)
Charity for the Poor				1,500	(1,993)	3,140	2,647
Charity for Sermons				41		86	127
Income Fund	—Len Rush			2,344	~57)	2,545	4,832
				174 159	(~131372	23 788	18999
Endowment	funds
Permanent Endowment		Fund				8,016	8,016
TOTAL FUNDS				174,159	~131,372)	~15,772)	27,015

Comparatives for mo	vemen	t in funds:
				Net	Transfers
				movement	between
			01.01.19	in funds	funds	31.12.19
			f	f
Unrestricted funds
General fund			134,531	34,210	(29,139)	139,602
Cyclical Maintenance	Fund		63,663	89	17,721	81,473
Extraordinary Repair Fund			246,172	65,930	5,168	317,270
Charity for the Poor			35,721	7,592		43,313
Charity for Sermons			1,397	243		1,640
King's Lynn &Wisbech Hospital NHS
Trust			4			4
Bank interest received			136			136
Income Fund —Len Rush			19,814	5,424		25 238
			501 438	113488	6 250	608 676
Restricted funds
Charity for the Poor Capital		Balance	17,074			17,074
15Kent Road			20 530			20 530
			37 604			37604
Endowment funds
Permanent Endowment	Fund		221,998	18,943	6250	247,191
TOTAL FUNDS						~41
Comparative net movement		in funds, included	in the above are as follows:
			Incoming	Resources	Gains and	Movement
			resources	expended f	losses	in funds E
Unrestricted funds
General fund			147,763	(115,136)	1,583	34,210
Cyclical Maintenance	Fund		89			89
Extraordinary Repair	Fund		16,142		49,788	65,930
Charity for the Poor			1,470	(1,299)	7,421	7,592
Charity for Sermons			40		203	243
Income Fund —Len Rush			1,324	(1,548)	5,648	5,424
			166828	117983	64 643	113488
Endowment funds
Permanent Endowment	Fund				18,943	18,943
TOTAL FUNDS			166,828	~117,983)	83,586	132,431

A current year 12months	A current year 12months	A current year 12months	and prior year 12months	combined	net position as	follows:	follows:
					Net		Transfers
					movement			between
				01.01.19	in funds			funds	31.12.20
									f
Unrestricted funds
General fund				134,531	59,153			(46,850)	146,834
Cyclical Maintenance	Fund			63,663	141			35,581	99,385
Extraordinary Repair	Fund			246,172	52,328			(1,231)	297,269
Charity for the Poor				35,721	10,239				45,960
Charity for Sermons				1,397	370				1,767
King's Lynn &Wisbech		Hospital NHS
T111$1				4					4
Bank interest received				136					136
Income Fund —Len Rush				19814	10256				30070
				501 438	132487			12500	621425
Restricted funds
Charity for the Poor Capital Balance				17,074					17,074
15Kent Road Fund				20 530					20 530
				37 604					37 604
Endowment funds
Permanent Endowment		Fund		221 998	26,959			12,500	261,457
TOTAL FUNDS									~6
A current year 12months			and prior year 12 months	combined	net movement	in	funds,	including	in the above
as follows:
				Income	Resources		Gains &		Movement
			Resources		Expended			Losses	in funds
Unrestricted Funds
General Fund				301,358	(244,458)			2,253	59,153
Cyclical Maintenance	Fund			141					141
Extraordinary Repair Fund				32,769				19,559	52,328
Charity for the Poor				2,970	(3,292)			10,561	10,239
Charity for the Sermons				81				289	370
Income Fund —Len Rush				3 668	~1605			8 193	10256
				340987	(~249 355			40 855	132487
Endosvment Funds
Permanent Endowment		Fund						26 959	26 959
TOTAL FUNDS				340987	~249 355			67 814	159446

				FORTHE Y	EAR ENDED 31DEC	EMBER 2020
							31.12.20	31.12.19
					Unrestricted	Endowment	Total	Total
					funds f	funds f	fundsf	funds
INCOME AND		ENDOWMENTS
Investment income
COIF Income					4,150		4,150	6,898
NAACIF Accumulation			shares		16,627		16,627	16,142
Barclays Bank	Pic				167		167	337
Cambridge and Counties					1 927		1 927	1,854
					22,871		22,871	22,397
Charitable activities
Contributions	from Almshouse			residents	147,069		147,069	141,063
Other income
Ground rents					34		34	34
Sundry					300		300	500
					334		334	534
Total incoming		resources			170,274		170,274	163,994
EXPENDITURE
Charitable activities
Repairs and maintenance					55,032		55,032	55,864
Framinghams	improvements				25,164		25,164	9,095
Water rates					4,113		4,113	3,921
Insurance					3,818		3,818	3,809
Light and heat					13,854		13,854	15,351
Telephone					3,994		3,994	4,864
Careline					5,347		5,347	4,889
Television licences					60		60	52
Council tax					2,191		2 191	700
					113,573		113,573	98,545
Support costs
Management
Clerks salary					11,981		11,981	11,808
Subscriptions					301		301	287
Sundry					557		557	875
Mortgage costs					528		528	528
Bank charges					54		54	59
Bad debts								706
					13,421		13,421	14,263

	FOR	THE YEAR ENDED 31DEC	EMBER 2020
				31.12.20	31.12.19
		Unrestricted	Endowment	Total	Total
		funds f.	funds	funds	fundsf
Management
Governance	costs
Auditors' remuneration		2,328		2,328	2 328
Total resources	expended	129322		129,322	115,136
Net income		40 952		40,952	48,858

		KING'S LYNN GENERAL CHARI CHARITY TRUSTEES	TIKS
		DETAILED STATEMENT OF FINANCIAL	ACTIVITIES
		FOR THE YEAR ENDED 31DECEMBER 2020
				31.12.20	31.12.19
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
INCOME AND	ENDOWMENTS
Investment income
COIF Income shares		1,541		1,541	1,510
Total incoming	resources	1,541		1,541	1,510
EXPENDITURE
Charitable activities
Distributions		1,937		1,937	1,237
Support costs
Management
Bank charges		56		56	62
Total resources	expended	1,993		1,993	1,299
Net income		(452)		(452)	211

	FORTHE Y	EAR ENDED 31DECE	MBER 2020
				31.12.20	3LI2.19
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
		8		6	8
INCOME AND ENDOWMENTS
Donations and	legacies
Donations		1,000		1,000
Investment income
COIF income and fixed interest shares		1,342		1,342	1,320
Barclays Bank Pic		2		2	4
		1,344		1,344	1,324
Total incoming	resources	2,344		2,344	1,324
EXPENDITURE
Charitable activities
Annual lunch					1,487
Support costs
Management
Bank charges		57		57	61
Total resources	expended	57		57	1,548
Net (expenditure)/income		2,287		2,287	~224)