##
##
|||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)|