2021-12-31-accounts

		Page
Report ofthe Trustees	1	to	6
Report ofthe Independent Auditors	7	to	9
Statement ofFinancial Activities		10
Balance Sheet
Notes to the Financial Statements	12	to	20
Detailed Statement ofFinancial Activities		21

						2021	2020
			Unrestricted	Restricted	Endowment	Total	Total
			funds	firn ds	funds	fimds	fimds
		Notes					f,
INCOME AND
ENDOWMENTS FROM
Donations aud legacies							10,000
Charitable activities
Relating to almshouses			368,717			368,717	367,356
Investment income		3	6,458			6,458	9,323
Total			375,175			375,175	386,679
EXPENDITURE ON
Raising funds		4	2,343			2,343	1,980
Charitable activities
Relating to almshouses			349,666		29,819	379,485	403,409
Miscellaneous charities			733			733	10,765
Other			17,007			17,007	14,757
Total			369,749		29,819	399,568	430,911
Net gains on investments			295,969		390,784	686,753	352,708
NET INCOME			301,395		360,965	662,360	308,476
Other recognised gains/blesses)
Gains on revaluation	offixed
assets					833,397	833,397
Net movement in funds			301,395		1,194,362	1,495,757	308,476
RECONCILIATION	OF
FUNDS
Total funds brought	forward		2,347,079		6,645,558	8,992,637	8,684,161
TOTAL FUNDS CARRIED
FORWARD			2,648,474		7,839,920	10,488,394	8,992,637

	BALANCE SHEET 31DECEMBER 2021
		2021	2020
	Notes
FIXEDASSETS
Tangible assets	10	4,544,465	3,718,387
Investments
Investments	11	4,648,939	3,962,186
Investment property	12	145,000	145,000
		9,338,404	7,825,573
CURRENT ASSETS
Debtors	13	7,596	5,806
Cash at bank and in hand		1,154,822	1,171,723
		1,162,418	1,177,529
CREDITORS
Amounts falling due within one year	14	(12,428)	(10,465)
NKT CURRENT ASSETS		1,149,990	1,167,064
TOTAL ASSETSLESSCURRENT LIAR~		10,488,394	8,992,637
NKT ASSETS		10,488,394	8,992,637
FUNDS	16
Unrestricted funds		2,648,474	2,347,079
Endowment funds		7,839,920	6,645,558
TOTAL FUNDS		10,488,394	8,992,637

INVESTMENT INCOME
	2021	2020
Rents receivable	6,085	6,019
Deposit account interest	373	3,304
	6,458	9,323

4.	RAISING FUNDS	RAISING FUNDS
	Investment management		costs
				2021	2020
	Rates and insurance			400	400
	Bank charges and other	fees		651	676
	Repairs (net ofcontributions)			806	418
	Managing agent's fees			486	486
				2,343	1,980
5.	CHARITABLE ACT~S COSTS
					Direct
					Costs
	Relating to almshouses				379,485
	Miscellaneous charities				733
					380,218
6.	SUPPORT COSTS
					Governance
					costs
	Other resources expended				17,007
	Support costs, included	in	the above, are as follows:
				2021	2020
				Other
				resources	Total
				expended	activities
	Auditors' remunemtion			2,280	2,250
	Clerk's salary			5,775	5,607
	Accountancy			8,952	6,900
				17,007	14,757

Remuneration was pa	id as follows:
					2021	2020
					f.	f.
Wages					111,749	105,778
Social security costs					4,579	3,931
Pension costs					3,382	3458
					119,710	112,967
No employee received	more than f60,000in either		year.
The average number ofemployees		in the year was:
Management and administmtion
Wardens
Maintenance and cleaning
COMPARATIVES FORTHE STATEMENT OFFINANCIAL				ACTIVTIIES
			Unrestricted	Restricted	Endowment	Total
			funds	funds	funds	funds
INCOME AND ENDOWMENTS		FROM
Donations and legacies			10,000			10,000
Charitable activities
Relating to almshouses			367,356			367,356
Investment income			9,323			9,323
Total			386,679			386,679
EXPENDITURE ON
Raising funds			1,980			1,980
Charitable activities
Relating to almshouses			291,774		111,635	403,409
Miscellaneous charities			10,765			10,765
Other			14,757			14,757
Total			319476		111,635	430,911
Net gains on investments			152,336		200,372	352,708
NET INCOME			219,739		88,737	308,476
Transfers between funds			(780)		780
Net movement in funds			218,959		89,517	308,476
RECONCILIATION	OF FUNDS
Total funds brought	forward		2,128,120		6,556,041	8,684,161
TOTAL FUNDS CARRIED FORWARD			2,347,079		6,645,558	8,992,637

TANGIBLE FIXEDASSETS
		Furniture
	Freehold	and
	property	equipment	Totals
COST OR VALUATION
At 1 January 2021	3,669,603	209,984	3,879,587
Revaluations	833,397		833,397
At 31December 2021	4,503,000	209,984	4,712,984
DEPRECIATION
At 1 January 2021		161,200	161,200
Charge for year		7,319	7,319
At 31December 2021		168,519	168,519
NET BOOK VALUE
At 31December 2021	4,503,000	41,465	4,544,465
At 31December 2020	3,669,603	48,784	3,718,387

FIXEDASSETINVESTMKNTS
	COIF
	charity
	funds
MARKET VALUE
At 1 January 2021	3,962,186
Unrealised gains and losses	686,753
At 31December 2021	4,648,939
NET BOOKVALUE
At 31December 2021	4,648,939
At 31December 2020	3,962,186

INVESTMENT PROPERTY
FAIR VALUE
At 1January 2021
and 31December 2021	145,000
NET BOOK VALUE
At 31December 2021	145,000
At 31December 2020	145,000

DEBTORS:AMOUNTS FA	LLING DUE W	ITHIN ONE Y	EAR
				2021	2020
					f.
Rents due				477	477
Due from residents				6,629	4,829
Other debtors				490	500
				7,596	5,806
CREDITORS: AMOUNTS FALLING DUE WITHIN ONK			YEAR
				2021	2020
Owed to suppliers				5,207	4,746
Other creditors and accruals				7,221	5,719
				12,428	10,465
ANALYSIS OFNET ASSETSBETWEEN FUNDS
				2021	2020
	Unrestricted	Restricted	Endowment	Total	Total
	funds	fimds	funds	funds	funds
		f.
Fixed assets	24,941		4,519,524	4,544,465	3,718,387
Investments	2,010,421		2,783,518	4,793,939	4,107,186
Current assets	624,760		537,658	1,162,418	1,177,529
Current liabilities	(11,648)		(780)	(12,428)	(10,465)
	2,648,474		7,839,920	10,488,394	8,992,637

MOVEMEN		T IN FUNDS
					Net	Transfers
					movement	between		At
				At 1.1.21	in funds	funds		31.12.21
Unrestricted		funds
General fund				2,001,837	243,972	(498)		2,245,311
Extmordinary		Repair Fund		336,467	58,498			394,965
Grigg shoe				8,775	(1,075)		498	8,198
				2,347,079	301,395			2,648,474
Endowment		funds
Almshouses	fund (permanent)			5,530,626	1,221/64			6,751,890
Almshouses	fund (available		for expenditure
per resolution)				1,114,932	(26,902)			1,088,030
				6,645,558	1,194,362			7,839,920
TOTAL FUNDS				8,992,637	1,495,757			10,488,394
Net movement		in funds, included		in the above are as follows:
				Incommg	Resources	Gains	and	Movement
				resources	expended	losses		in funds
						f,		f,
Unrestricted		funds
General fund				374,940	(369,016)	238,048		243,972
Extraordinary		Repair Fund				58,498		58,498
Grigg shoe				235	(733)	(577)		(1,075)
				375,175	(369,749)	295,969		301,395
Endowment		funds
Almshouses	fimd (permanent)				(2,917)	1,224,	181	1421,264
Almshouses	fund (available for expenditure
per resolution)					(26,902)			(26,902)
					(29,819)	1724,181		1,194,362
TOTAL FUNDS				375,175	(399,568)	1,520,	150	1,495,757

				Net	Transfers
				movement	between	At
			At 1.1.20	in funds	funds	31.12.20
Unrestricted	funds
General fund			1,813,157	189,951	(1/71)	2,001,837
Extraordinary	Repair Fund		306,473	29,994		336,467
Grigg shoe			8,490	(206)	491	8,775
			2,128,120	219,739	(780)	2,347,079
Endowment	funds
Almshouses	fund (permanent)		5,325,105	196,941	8,580	5,530,626
Almshouses	fimd (available	for expenditure
per resolution)			1430,936	(108/04)	(7,800)	1,114,932
			6,556,041	88,737	780	6,645,558
TOTAL FUNDS			8,684,161	308,476		8,992,637
Comparative	net movement	in funds, included	in the above are as follows:
			Incommg	Resources	Gains and	Movement
			resources	expended	losses	in funds
Unrestricted	funds
Geneml fimd			386,405	(318,511)	122,057	189,951
Extraordinary	Repair Fund				29,994	29,994
Grigg shoe			274	(765)	285	(206)
			386,679	(319376)	152,336	219,739
Endowment	funds
Almshouses	fund (permanent)			(3,431)	200,372	196,941
Almshouses	fund (available	for expenditure
per resolution)				(108704)		(108704)
				(111,635)	200,372	88,737
TOTAL FUNDS			386,679	(430,911)	352,708	308,476

	FORTHE YEAR ENDED 3	1DECEMBER 2021
		2021	2020
			f.
INCOME AND ENDOWMENTS
Donations and legacies
Grants			10,000
Investment income
Rents receivable		6,085	6,019
Deposit account interest		373	3,304
		6,458	9,323
Charitable activities
Residents contributions		368,717	367,356
Total incoming resources		375,175	386,679
EXPENDITURE
Investment management	costs
Rates and insurance		400	400
Bank charges and other fees		651	676
Repairs (net ofcontributions)		806	418
Managing agent's fees		486	486
		2,343	1,980
Charitable activities
Salaries, etc		122,580	115,583
Repairs and maintenance		188,007	227,867
Rates and insurance		22,245	20,953
Light and heat		14,796	11,616
Office costs		18,237	14,115
TVrentals, licenses, etc		200	473
Payments to beneficiaries		4,898	4,170
Training and subscriptions		816	788
Bad debts		1,121
Depreciation oftangible fixed assets		7,318	8,609
Grants to institutions			10,000
		380,218	414,174
Support costs
Governance costs
Auditors' remuneration		2480	2750
Clerk's salary		5,775	5,607
Accountancy		8,952	6,900
		17,007	14,757
Total resources expended		399,568	430,911
Net expenditure		(24,393)	(44,232)