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|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|
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|||||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|
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|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|
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||||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|
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||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|
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|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|
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|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|
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|Comparatives
for movement|Comparatives
for movement|in funds:|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|
##
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|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|
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|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|
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|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|
##
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|||||||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|
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|||||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|
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||||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)|
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|||||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|