2021-12-31-accounts - King's Lynn General Charities

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	Page
Reference and Administrative Details
Report ofthe Trustees	2to 4
Report ofthe Independent Auditors	5t07
Statement ofFinancial Activities
Balance Sheet
Notes to the Financial Statements	10to 20
Detailed Statement ofFinancial Activities	21to 24

				FOR	THE	ENDED 3	1DECEMB	ER2021
									31.12.21	31.12.20
						Unrestricted	Restricted	Endowment	Total	Total
						Funds	funds	funds	funds	funds
					Notes	E	E	F.	E	E
INCOME AND	ENDOWMENT			FROM
Charitable activities
Almshouses						157,913			157,913	147,069
Donations and legacies										1,000
Investment income						22,750			22,750	25,756
Other income						349		66	415	334
Total						181,012		66	181,078	174,159
EXPENDITURE	ON
Charitable activities
Almshouses						92,614			92,614	129,322
Poor Fund						1,114			1,114	1,993
Annual lunch						321			321	57
						94,049			94,049	131,372
Net gains/(losses)	on		investments			54,980		18,919	73,899	(15,772)
NET INCOME						141,943		18,985	160,928	27,015
Transfers between		funds				(4,699)		4,699
Net movements	in	funds				137,244		23,684	1.60,928	27,015
RECONCILIATION			OF FUNDS
Total funds brought			forward			621,425	37,604	261,457	920,486	893,471
TOTAL FUNDS	CARRIED FORWARD					758,669	37,604	285,141	1,081,414	920,486

F RTH	EYE	MENDED 3	1DECEMB	ER 2021
					31.12.21	31.12.20
		Unrestricted	Restricted	Endowment	Total	Total
		Funds	funds	funds	funds	funds
	Notes	E	E	E	E	E
FIXEDASSETS
Investments	6	555,728	37,074	151,706	744,508	656,984
CURRENT ASSETS
Debtors		1,982			1,982	2,101
Cash at bank		259,624	530	133,435	393,589	326,125
		261,606	530	133,435	395,571	328,226
CREDITORS
Amounts falling due in one year	8	(25,134)			(25,134)	(20,631)
NET CURRENT ASSETS		236,472	530	133,435	370,437	307,595
TOTAL ASSETS LESSCURRENT ASSETS		792,200	37,604	285,141	1,114,945	964,579
CREDITORS
Amounts falling due after more than one year	9	(33,531)			(33,531)	(44,093)
		758,669	37,604	285,141	1,081,414	920,486
FUNDS
Unrestricted funds	11	758,669			758,669	621,425
Restricted funds			37,604		37,604	37,604
Endowment funds				285,141	285,141	261,457
TOTAL FUNDS		758,669	37,604	285,141	1,081,414	920,486

			31.12.21	31.12.20
			E
COIF			7,134	7,033
NAACIF Accumulation		shares	13,625	16,627
Barclays Bank Plc			22	169
Cambridge	and Counties		1,969	1,927
			22,750	25,756

	During the year payments were made for reimbursement of	general expenses as foll	ows:—
		2021	2020
			f.
	D JWhitmore	12	78
	Mrs A Saunders	98	407
	A C Thorarinsson	45
	Miss KESmith	29
	KBanks	14
	RW Brain	19
		217
5	NET RESOURCES EXPENDED FORTHE YEAR
	This is stated after charging;	2021	2020
	Clerk's remuneration	12,096	11,981
	Auditor's remuneration	2,328	2,328


FIXEDASSETINVESTMENTS	Unlisted
	Investments
~(ZT VALUE
At 1January 2021	656,984
Additions	13,625
Revaluations	73,899
At 31December 2021	744,508
NET BOOKVALUE
At 31December 2021
At 31December 2020

	There were	no investment	assets outside the UK.
	Cost or valuation at 31December 2021 is represented			by:	Unlisted
					Investments
					E
	Valuation				367,909
	Cost				376,599
					744,508
7	DEBTORS:	AMOUNTS FALLING DUE WITHIN ONE YEAR			31.12.21	31.12.20
					E
	Other debtors				243	227
	Prepayments	and accrued	income		1,739	1,874
					1,982	2,101
8	CREDITORS: AMOUNTS		FALLING DUE WITHIN	ONE~	31.12.21	31.12.20
					E	E
	Other loans	(see note 10)			10,562	10,562
	Trade creditors				3,849	2,274
	Accruals and deferred income				10,723	7,795
					25,134	20,631
9	CREDITORS: AMOUNTS		FALLING DUEAFKR MORE THAN		ONE~
					31.12.21	31.12.20
					E
	Other loans	(see note 10)			33,531	44,093
10	LOANS
	An analysis	ofthe maturity	ofloans is given below:		31.12.21	31.12.20
	Amounts falling due within one year on demand:
	A!mshouse	Association			10,562	10,562
	Amounts falling due within one and two years:
	Almshouse	Association			10,562	10,562
	Amounts falling due within two and hve years:
	Almshouse	Association			19,687	23,687

MOVEMEÃI' IN FUNDS	MOVEMEÃI' IN FUNDS
				Net	Transfers
				Movement	between	At
			At 01.01.21	in funds	funds	31.12.21
					E
Unrestricted funds
General fund			146,834	73,444	(71,042)	149,236
Cyclical Maintenance	Fund		99,385	8	18,006	117,399
Extraordinary Repair Fund			297,269	54,516	48,337	400,122
Charity for the Poor			45,960	7,828		53,788
Charity for Sermons			1,767	243		2,010
King's Lynn 8z Wisbech Hospitals		NHS Trust	4
Bank interest received			136			136
Income Fund —Len Rush			30,070	5,904		35,974
			621,425	141,943	(4,699)	758,669
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		261,457	18,985	4,699	285,141
TOTAL~S			920,486	160,928		1,081,414

Net movement in fund	s, included	in the above	are as follows:
			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
				K
Unrestricted funds
General fund			164,478	(92,614)	1,580	73,444
Cyclical Maintenance	Fund		8			8
Extraordinary Repair Fund			13,625		40,891	54,516
Charity for the Poor			1,530	(1,114)	7,412	7,828
Charity for Sermons			42		201	243
King's Lynn 8z Wisbech Hospitals		NHS Trust
Bank interest received
Income Fund —Len Rush			1,329	(321)	4,896	5,904
			181,012	(94,049)	54,980	141,943
Restricted Funds
Charity for the Poor Capital Balance
15Kent Road Fund
Endowment funds
Permanent Endowment	Fund				18,919	18,985
TOTAL FUNDS			181,078	(94,049)	73,899	160,928

Comparatives for movement	Comparatives for movement	in funds:		Net	Transfers
				movement	between	At
			At 01.01.20	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 S.Wisbech Hospitals		NHS Trust	4			4
Bank interest received			136			136
Income Fund —Len Rush			25,238	4,832		30,070
			608,676	18,999	(6,250)	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		920,486

Comparative		net move	ment in funds, in	cluded in the above a	re as follows;
				Incoming	Resources	Gains and	Movement
				resources	expended	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	(131,372)	(23,788)	18,999
Endowment		funds
Permanent	Endowment		Fund			8,016	8,016
TOTAL FUNDS				174,159	(131,372)	(15,772)	27,015

A current year 12mon	ths and pri	or year 12mon	ths combined	net position	as follows:
				Net	Transfers
				Movement	between
			01.01.20	in funds	funds	31.12.21
Unrestricted funds
General fund			139,602	98,387	(88,753)	149,236
Cyclical Maintenance	Fund		81,473	60	35,866	117,399
Extraordinary Repair Fund			3].7,270	40,914	41,938	400,122
Charity for the Poor			43,313	10,475		53,788
Charity for Sermons			1,640	370		2,010
King's Lynn 8t Wisbech Hospitals		NHS Trust	4			4
Bank interest received			136			136
Income Fund —Len Rush			25,238	10,736		35,974
			608,676	160,942	(10,949)	758,669
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	27,001	10,949	285,141
TOTAL~S			893,471	187,943		1,081,414

the above are as follow	s:—
			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
Unrestricted funds
General fund			318,073	(221,936)	2,250	98,387
Cyclical Maintenance	Fund		60			60
Extraordinary Repair Fund			30,252		10,662	40,914
Charity for the Poor			3,030	(3,107)	10,552	10,475
Charity for Sermons			83		287	370
King's Lynn 8zWisbech Hospitals		NHS Trust
Bank interest received
Income Fund —Len Rush			3,673	(378)	7,441	10,736
			355,171	(225,421)	31,192	160,942
Restricted Funds
Charity for the Poor Capital Balance
15Kent Road Fund
Endowment funds
Permanent Endowment	Fund		66		26,935	27,001
TOTAL~S			355,237	(225,421)	581,127	187„943

						31.12.21	31.12.20
				Unrestricted	Endowment	Total	Total
				Funds	Funds	Funds	Funds
						E	E
INCOME AND ENDOWMENTS
Investment income
COIF Income				4,233		4,233	4,150
NAACIF Accumulation		shares		13,625		13,625	16,627
Barclays Bank	Plc			22		22	167
Cambridge and Counties				1,969		1,969	1,927
				19,849		19,849	22,871
Charitable activities
Contribution	from Almshouse		residents	157,913		157,913	147,069
Other Income
Ground rents				34		34	34
Sundry				315		381	300
				349	66	415	334
Total income	resources			178,111	66	178,177	170,274
Charitable activities
Repairs and maintenance				43,368		43,368	55,032
Framinghams	improvements						25,164
Water rates				4,760		4,760	4,113
Insurance				3,912		3,912	3,818
Light and heat				15,037		15,037	13,854
Telephone				4,032		4,032	3,994
Careline				4,988		4,988	5,347
Television licences				67		67	60
Council tax				387		387	2,191
				76,551		76,551	113,573

				31.12.21	31.12.20
		Unrestricted	Endowment	Total	Total
		Funds	Funds	Funds	Funds
		E	E	E	E
Support costs
Management
Clerk's salary		12,096		12,096	11,981
Subcriptions		315		315	301
Sundry		717		717	557
Mortgage costs		528		528	528
Bank charges		79		79	54
		13,735		13,735	13,421
Governance	costs
Auditor's remuneration		2,328		2,328	2,328
Total resources expended		92,614		92,614	129,322
Net income		85,497	66	85,563	40,952

			31.12.21	31.12.20
	Unrestricted	Endowment	Total	Total
	Funds	Funds	Funcls	Funds
INCOME AND ENDOWMENTS
Investment income
COIF Income shares	1,572		1,572	1,541
Total incoming resources	1,572		1,572	1,541
EXPENDITURE
Charitable activities
Distributions	1,032		1,032	1,937
Support costs
Management
Bank charges	82		82	56
Total resources expended	1,114		1,114	1,993
Net (expenditure)/income	458		458	(452)

				31.12.21	31.12.20
		Unrestricted	Endowment	Total	Total
		Funds	Funds	Funds	Funds
INCOME AND ENDOWMENTS
Donations and	legacies
Donations					1,000
Investment income
COIF income and fixed interest shares		1,329		1,329	1,342
Barclays Bank	Plc				2
		1,329		1,329	1,344
Total incoming	resources	1,329		1,329	2,344
Charitable activities
Annual lunch		241		241
Support costs
Management
Bank charges		80		80	57
Total resources	expended	321		321
Net income		1,008		1,008	2,287