2022-12-31-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	10to 18
Detailed Statement ofFinancial Activities	19to 22


TRUSTEES	D JWhitmore
	R G Pannell
	A JWilliams
	A C Thorarinsson
	M JFrammingham
	Ms S M Cambridge
	KLBlythe
	Mrs J Saunders
	KBanks
	Miss KESmith
	RJHarrison
	RW Brain
	Ms RA LBurridge
PRINCIPAL ADDRESS	27-29 Old Market
	Wisbech
	Cambridgeshire
	PE13 1NE
REGS1TEREDC~	233003
NUMBER
INDEPENDENT AUDITORS	Hayhow gt Co
	Statutory Auditor
	19King Street
	King's Lynn
	Norfolk
	PE30 1HB
SOLICITORS	Hawkins Ryan
	19Tuesday Market Place
	King's Lynn
	Norfolk
	PE30 1JP
	AICave

								31.12.22	31.1221
					Unrestricted	Restricted	Endowment	Total	Total
					Funds	funds	funds	funds	funds
				Notes	8	8		8
INCOME AND	ENDOWMENT		FROM
Charitable activities
Almshouses					162,393			162,393	157,913
Donations and legacies
Investment income				2	26,954			26,954	25,750
Other income					324		29	353	415
Total					189,671		29	189,700	181,078
EXPENDITURE	ON
Charitable activities
Almshouses					135,584			135,584	92,614
Poor Fund					1,456			1,456	1,114
Annual lunch					490			490	321
					137,530			137,530	94,049
Net gains/(losses)	on	investments			(28,256)		(17,637)	(45,893)	73,899
NET INCOME					23,885		(17,608)	6,277	160,928
Transfers between funds
Net movements	in funds				23,885		(17,608)	6,277	160,928
RECONCILIATION		OFFUNDS
Total funds brought		forward			758,669	37,604	285,141	1,081.414	920,486
TOTAL FUNDS	CARRIED FORWARD				782,554	37,604	267,533	1,087,691	1,081,414

					31.1222	31.1221
		Unrestricted	Restricted	Endowment	Total	Total
		Funds	funds	funds	funds	funds
	Notes	E	8	8	8	E
FIXEDASSETS
Investments ~ASSETS	6	544,885	37,074	134,069	716,028	744,508
Debtors	7	2,184			2,184	1,982
Cash at bank		291,273	530	133,464	425,267	393,589
		293,457	530	133,464	427,451	395,571
CREDITORS
Amounts falling due in one year	8	(32,820)			(32,820)	(25,134)
NET CURRENT ASSETS		260,637	530	133,464	394,631	370,437
TOTAL ASSEISLESS~LIABILITIES		805,522	37,604	267,533	1,110,659	1,114,945
CREDITORS
Amounts falling due after more than one year	9	(22,968)			(22,968)	(33,531)
		782,554	37,604	267,533	1,087,691	1,081,414
FUNDS
Unrestricted fimds	11	782,554			782,554	758,669
Restricted funds			37,604		37,604	37,604
Endowment funds				267,533	267,533	285,141
TOTAL FUNDS		782,554	37,604	267,533	1,087,691	1,081,414

			31.12.22	31.12.21
			E
COIF			7,291	7,134
NAACIF Accumulation		shares	17,413	13,625
Barclays Bank Plc			231	22
Cambridge	and Counties		2,019	1,969
			26,954	22,750

AUDITORS' REMUNERATION	AUDITORS' REMUNERATION	31.12.22	31.12.21
		8	8
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	were made for reimbursement	ofgeneral	expenses	as follows:—
					2022		2021
					8		8
	D JWhitmore				76		12
	Mrs A Saunders				568		98
	RJHarrison				10
	A C Thorarinsson						45
	Miss KE Smith						29
	K Banks						14
	RW Brain						19
					654		217
5	NET RESOURCES EXPENDED FORTHE YEAR
	This is stated after charging:				2022		2021
					8		8
	Clerk's remuneration				12,744	12,096
	Auditor's remuneration				2,328		2,328
	The Clerk's remuneration	is paid to Wheelers	Chartered	Accountants	for the	administration	ofthe
	Charity.
	FIXEDASSETINVESTMWS					Unlisted
						Investments
							8
	MAIOZT VALUE
	At 1january 2022					744,508
	Additions					17,413
	Revaluations					(45,893)
	At 31December 2022					716,028
	NET BOOKVALUE
	At 31December 2022
	At 31December 2021

6	FIXEDASSETINVESTMENTS —continued	FIXEDASSETINVESTMENTS —continued	FIXEDASSETINVESTMENTS —continued
	There were	no investment	assets outside the UK.
	Cost or valuation at 31December 2022 is represented			by:	Unlisted
					Investments
					8
	Valuation in 2022				322,017
	Cost				394,011
					716,028
7	DEBTORS:	AMOUNTS FALLING DUE WITHIN ONE YEAR			31.12.22	31.12.21
					E	E
	Other debtors				262	243
	Prepayments	and accrued income			1,922	1,739
					2,184	1,982
8	CREDITORS: AMOUNTS		FALLING DUE WITHIN	ONE YEAR	31.12.22	31.12.21
					E	E
	Other loans	(see note 10)			10,562	10,562
	Trade creditors				9,266	3,849
	Accruals and deferred income				12,992	10,723
					32,820	25,134
9	CREDITORS: AMOUNTS		FALLING DUE AFTER MORE THAN		ONE YEAR
					31.12.22	31.12.21
					E	E
	Other loans	(see note 10)			22,968	33,531
10	LOANS
	An analysis	ofthe maturity	ofloans is given below:		31.12.22	31.12.21
					E	E
	Amounts falling due within one year on demand:
	Almshouse	Association			10,562	10,562
	Amounts falling due within one and two years:
	Almshouse	Association			6,562	10,562
	Amounts falling due within two and five years:
	Almshouse	Association			16,406	19,687

LOANS —continued
					31.12.22		31.12.21
Amounts falling due in more than			five years:
Repayable by instalments:
Almshouse Association							3,282
MOVEMENT IN FUNDS
					Net	Transfers
					Movement	between	At
				At01.01.22	in funds	funds	31.12.22
				E	E	E
Unrestricted funds
General fund				149,236	32,157	(12,890)	168,503
Cyclical Maintenance	Fund			117,399	95	17,890	135,384
Extraordinary Repair Fund				400,122	3,701	(5,000)	398,823
Charity for the Poor				53,788	(6,795)		46,993
Charity for Sermons				2,010	(145)		1,865
King's Lynn gcWisbech Hospitals			NHS Trust	4			4
Bank interest received				136			136
Income Fund —Len Rush				35,974	(5,128)		30,846
				758,669	23,885		782,554
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		285,141	(17,608)		267,533
TOTAL FUNDS				1,081,414	6,277		1,087,691

Net movement in fund	s, incIuded	in the above	are as follows:
			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
			E	8	8
Unrestricted funds
General fund			169,214	(135,584)	(1,473)	32,157
Cyclical Maintenance	Fund		95			95
Extraordinary Repair Fund			17,413		(13,712)	3,701
Charity for the Poor			1,570	(1,456)	(6,909)	(6,795)
Charity for Sermons					(189)	(145)
King's Lynn &Wisbech Hospitals		NHS Trust
Bank interest received
Income Fund —Len Rush			1,335	(490)	(5,973)	(5,128)
			189,671	(137,530)	(28,256)	23,885
Restricted Funds
Charity for the Poor Capital Balance
15Kent Road Fund
Endowment funds
Permanent Endowment	Fund		29		(17,637)	(17,608)
TOTAL FUNDS			189,700	(137,530)	(45,893)	6,277

Comparauves for movement	Comparauves for movement	in funds:		Net	Transfers
				movement	between	At
			At 01.01.21	in funds	funds	31.12.21
			E		E	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 gt Wisbech Hospitals		NHS Trust	4			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 FUNDS			920,486	160,928		1,081,414

				Incoming	Resources	Gains and	Movement
				resources	expended	losses	in funds
				E	E	E	E
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
Income Fund		—Len Rush		1,329	(321)	4,896	5,904
				181,012	(94,049)	54,980	141,943
Endowment		funds
Permanent	Endowment		Fund	66		18,919	18,985
TOTAL FUNDS				181,078	(94,049)	73,899	160,928

	F	ORT	HE YEAR EN	DED 31DECEMB	ER2022
						31.12.22	31.12.21
				Unrestricted	Endowment	Total	Total
				Funds	Funds	Funds	Funds
				E	E	E	E
INCOME AND ENDOWMENTS
Investment income
COIF Income				4,344		4,344	4,233
NAACIF Accumulation		shares		17,413		17,413	13,625
Barclays Bank	Plc			229		229	22
Cambridge and Counties				2,019		2,019	1,969
				24,005		24,005	19,849
Charitable activities
Contribution	from Almshouse		residents	162,393		162,393	157,913
Other Income
Ground rents				32		32	34
Sundry				292	29	321	381
				324	29	353	415
Total income	resources			186,722	29	186,751	178,177
Charitable activities
Repairs and maintenance				85,555		85,555	43,368
Water rates				5,524		5,524	4,760
Insurance				4,022		4,022	3,912
Light and heat				14,984		14,984	15,037
Telephone				3,236		3,236	4,032
Careline				5,112		5,112	4,988
Television licences				75		75	67
Council tax				655		655	387
				119,163		119,163	76,551

				31.12.22	31.12.21
		Unrestricted	Endowment	Total	Total
		Funds	Funds	Funds	Funds
		8	E	E	E
Support costs
Management
Clerk's salary		12,744		12,744	12,096
Subcriptions		329		329	315
Sundry		395		395	717
Mortgage costs		528		528	528
Bank charges		97		97	79
		14,093		14,093	13,735
Governance	costs
Auditor's remuneration		2,328		2,328	2,328
Total resources expended		135,584		135,584	92,614
Net income		51,138	29	51,167	85,563

			31.12.22	31.12.21
	Unrestricted	Endowment	Total	Total
	Funds	Funds	Funds	Funds
		8	E	E
INCOME AND ENDOWMENTS
Investment income
COIF Income shares	1,614		1,614	1,572
Total incoming resources	1,614		1,614	1,572
EXPENDITURE
Charitable activities
Distributions	1,355		1,355	1,032
Support costs
Management
Bank charges	101		101	82
Total resources expended	1,456		1,456	1,114
Net (expenditure)/income	158		158	458

				31.12.22	31.12.21
		Unrestricted	Endowment	Total	Total
		Funds	Funds	Funds	Funds
		E	E	E	E
INCOME AND	ENDOWMENTS
Investment income
COIF income and fixed interest shares		1,333		1,333	1,329
Barclays Bank Plc		2		2
		1,335		1,335	1,329
Total incoming	resources	1,335		1,335	1,329
Charitable activities
Annual lunch		391		391	241
Supportcosts
Management
Bank charges		99		99	80
Total resources	expended	490		490	321
Net income		845		845	1,008