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||Page|
|---|---|
|Reference and Administrative<br>Details||
|Report ofthe Trustees|2 to 4|
|Report ofthe Independent<br>Auditors|5 to 7|
|Statement ofFinancial Activities||
|Balance Sheet||
|Notes to the Financial Statements|10to 18|
|Detailed Statement ofFinancial Activities|19to 22|





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|||
|---|---|
|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<br>gt Co|
||Statutory Auditor|
||19King Street|
||King's Lynn|
||Norfolk|
||PE30 1HB|
|SOLICITORS|Hawkins<br>Ryan|
||19Tuesday Market Place|
||King's Lynn|
||Norfolk|
||PE30 1JP|
||AICave|





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|||||||||31.12.22|31.1221|
|---|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Endowment|Total|Total|
||||||Funds|funds|funds|funds|funds|
|||||Notes|8|8||8||
|INCOME AND|ENDOWMENT||FROM|||||||
|Charitable<br>activities||||||||||
|Almshouses|||||162,393|||162,393|157,913|
|Donations<br>and legacies||||||||||
|Investment<br>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<br>activities||||||||||
|Almshouses|||||135,584|||135,584|92,614|
|Poor Fund|||||1,456|||1,456|1,114|
|Annual<br>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|





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||||||31.1222|31.1221|
|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Endowment|Total|Total|
|||Funds|funds|funds|funds|funds|
||Notes|E|8|8|8|E|
|FIXEDASSETS|||||||
|Investments<br>~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<br>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<br>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<br>fimds|11|782,554|||782,554|758,669|
|Restricted funds|||37,604||37,604|37,604|
|Endowment<br>funds||||267,533|267,533|285,141|
|TOTAL FUNDS||782,554|37,604|267,533|1,087,691|1,081,414|





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||||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|





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|3|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<br>financial statements||2,328|2,328|



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||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<br>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|||||||





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|6|FIXEDASSETINVESTMENTS —continued|FIXEDASSETINVESTMENTS —continued|FIXEDASSETINVESTMENTS —continued||||
|---|---|---|---|---|---|---|
||There were|no investment|assets outside the UK.||||
||Cost or valuation<br>at 31December 2022 is represented|||by:|Unlisted||
||||||Investments||
||||||8||
||Valuation<br>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<br>falling due within one year on demand:||||||
||Almshouse|Association|||10,562|10,562|
||Amounts<br>falling due within one and two years:||||||
||Almshouse|Association|||6,562|10,562|
||Amounts<br>falling due within two and five years:||||||
||Almshouse|Association|||16,406|19,687|





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|LOANS —continued||||||||
|---|---|---|---|---|---|---|---|
||||||31.12.22||31.12.21|
|Amounts<br>falling due in more than|||five years:|||||
|Repayable<br>by instalments:||||||||
|Almshouse<br>Association|||||||3,282|
|MOVEMENT IN FUNDS||||||||
||||||Net|Transfers||
||||||Movement|between|At|
|||||At01.01.22|in funds|funds|31.12.22|
|||||E|E|E||
|Unrestricted<br>funds||||||||
|General fund||||149,236|32,157|(12,890)|168,503|
|Cyclical Maintenance|Fund|||117,399|95|17,890|135,384|
|Extraordinary<br>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<br>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<br>funds||||||||
|Permanent<br>Endowment||Fund||285,141|(17,608)||267,533|
|TOTAL FUNDS||||1,081,414|6,277||1,087,691|





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|Net movement<br>in fund|s, incIuded|in the above|are as follows:||||
|---|---|---|---|---|---|---|
||||Incoming|Resources|Gains and|Movement|
||||resources|expended|losses|in funds|
||||E|8|8||
|Unrestricted<br>funds|||||||
|General fund|||169,214|(135,584)|(1,473)|32,157|
|Cyclical Maintenance|Fund||95|||95|
|Extraordinary<br>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<br>funds|||||||
|Permanent<br>Endowment|Fund||29||(17,637)|(17,608)|
|TOTAL FUNDS|||189,700|(137,530)|(45,893)|6,277|





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|Comparauves<br>for movement|Comparauves<br>for movement|in funds:|in funds:||Net|Transfers||
|---|---|---|---|---|---|---|---|
||||||movement|between|At|
|||||At 01.01.21|in funds|funds|31.12.21|
|||||E||E|E|
|Unrestricted<br>funds||||||||
|General fund||||146,834|73,444|(71,042)|149,236|
|Cyclical Maintenance|Fund|||99,385|8|18,006|117,399|
|Extraordinary<br>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<br>funds||||||||
|Permanent<br>Endowment|Fund|||261,457|18,985|4,699|285,141|
|TOTAL FUNDS||||920,486|160,928||1,081,414|





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|||||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|



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||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<br>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<br>and Counties||||2,019||2,019|1,969|
|||||24,005||24,005|19,849|
|Charitable<br>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<br>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|



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|||||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<br>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|





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||||31.12.22|31.12.21|
|---|---|---|---|---|
||Unrestricted|Endowment|Total|Total|
||Funds|Funds|Funds|Funds|
|||8|E|E|
|INCOME AND ENDOWMENTS|||||
|Investment<br>income|||||
|COIF Income shares|1,614||1,614|1,572|
|Total incoming resources|1,614||1,614|1,572|
|EXPENDITURE|||||
|Charitable<br>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|





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|||||31.12.22|31.12.21|
|---|---|---|---|---|---|
|||Unrestricted|Endowment|Total|Total|
|||Funds|Funds|Funds|Funds|
|||E|E|E|E|
|INCOME AND|ENDOWMENTS|||||
|Investment<br>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<br>activities||||||
|Annual<br>lunch||391||391|241|
|Supportcosts||||||
|Management||||||
|Bank charges||99||99|80|
|Total resources|expended|490||490|321|
|Net income||845||845|1,008|