| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 5 |
| Report ofthe Independent Auditors |
6 | to | 8 |
| Statement ofFinancial Activities | |||
| Balance Sheet | 10 | ||
| Notes to the Financial Statements | 11 | to | 19 |
| Detailed Statement ofFinancial Activities | 20 | to | 21 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Total | Total | ||||
| funds | funds | funds | ||||
| Notes | ||||||
| INCOME FROM | ||||||
| Donations received |
11,200 | 11,200 | 7,050 | |||
| Charitable activities |
2 | 131,269 | 131,269 | 130,623 | ||
| Investment income |
3 | 172,077 | 172,077 | 157,357 | ||
| Total | 314,546 | 314,546 | 295,030 | |||
| EXPENDITURE ON | ||||||
| Raising funds | 25,004 | 25,004 | 26,291 | |||
| Charitable activities |
||||||
| Charitable activities |
191,880 | 191,880 | 147,583 | |||
| Governance costs |
40,873 | 40,873 | 44,325 | |||
| Grants, Gifts and Donations | 87,890 | 87,890 | 63,497 | |||
| Total | 345,647 | 345,647 | 281,696 | |||
| Net income/(expenditure) | and net | |||||
| movement in funds before |
gains and losses | (31,101) | (31,101) | 13,334 | ||
| on investments | ||||||
| Net gains on investments | 256480 | 256,280 | 536,566 | |||
| NET INCOME/(DEFICIT) | 225,179 | 225,179 | 549,900 | |||
| RECONCILIATION | OF FUNDS | |||||
| Balance brought forward | 6,557,483 | 6,557,483 | 6,007,583 | |||
| Balance carried forward | 6,782,662 | 6,782,662 | 6,557,483 |
| 31 OCTOBE | R 2022 | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Unrestricted | Total | Total | |||
| funds | funds | funds | |||
| Notes | |||||
| FIXEDASSETS | |||||
| Tangible assets | 11 | 369,672 | 369,672 | 369,672 | |
| Investments | |||||
| Investments | 12 | 2,639,010 | 2,639,010 | 2,864,898 | |
| Investment property |
13 | 2,897,000 | 2,897,000 | 2,386,000 | |
| 5,905,682 | 5,905,682 | 5,620,570 | |||
| CURRENT ASSETS | |||||
| Debtors | 15 | 24,706 | 24,706 | 28,970 | |
| Cash at bank and in hand | 907,816 | 907,816 | 946,436 | ||
| 932,522 | 932,522 | 975,406 | |||
| CREDITORS | |||||
| Amounts falling |
due within one year | 16 | (55,542) | (55,542) | (38,493) |
| NET CURRENT ASSETS | 876,980 | 876,980 | 936,913 | ||
| NET ASSETS | 6,782,662 | 6,782,662 | 6,557,483 | ||
| FUNDS | 17 | ||||
| Almshouse Fund |
5,063,759 | 4,641,400 | |||
| Relief in Need | Fund | 1,577,043 | 1,755,003 | ||
| Extraordinary Fund |
Repair | 141,860 | 161,080 | ||
| TOTAL FUNDS | 6,782,662 | 6,557,483 |
| CHARITABLE ACTIV | ITIES | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Maintenance charges |
131,269 | 130,262 | ||
| Other income | 361 | |||
| 131,269 | 130,623 | |||
| 3. | INVESTMENT INCOME | |||
| 2022 | 2021 | |||
| f, | ||||
| Rent received | 95,583 | 86,203 | ||
| Dividends | 75,956 | 71,082 | ||
| Charity deposit fund interest | 18 | 56 | ||
| Deposit account interest | 520 | 16 | ||
| 172,077 | 157,357 | |||
| 4. | RAISING FUNDS | |||
| Investment management |
costs | |||
| 2022 | 2021 | |||
| Brokers costs | 6,108 | 6,190 | ||
| Property agent fees |
8,554 | 9,075 | ||
| Repairs and refurbishment | to property | 10+42 | 11,026 | |
| ~25 004 | 26,291 |
| 5. | CHARITABLE | AC | TIVIT | IES COSTS | ||||
|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||||
| Wardens salaries |
and | pension | 23,452 | 23,121 | ||||
| Rates and water | 1,532 | (1,282) | ||||||
| Insurance | 6,979 | 6,950 | ||||||
| Light and heat | 33,466 | 36,090 | ||||||
| Telephone | 1,808 | 2,248 | ||||||
| Sundry expenses | 1,338 | 3,233 | ||||||
| Repairs and refurbishment | to property | 104,691 | 52,219 | |||||
| Alarm costs | 3+25 | 1,915 | ||||||
| Careline costs | 782 | 782 | ||||||
| Garden Maintenance | 14,507 | 22,307 | ||||||
| Gifts (as stated in note 9) | 18,820 | 4,572 | ||||||
| Grants and donations | (as stated in note 9) | 69,070 | 58,925 | |||||
| Governance costs (as |
stated | in note 6) | 40,873 | 44,325 | ||||
| 320 643 | 255 405 | |||||||
| Charitable activities s |
lit as | below | Almshouse | Relief in | ||||
| Need | Totals | |||||||
| Warden salary | 20,713 | 2,739 | 23,452 | |||||
| Gifts | 18,820 | 18,820 | ||||||
| Grants and donations | 69,070 | 69,070 | ||||||
| Governance costs (as |
stated | in note 6) | 36,098 | 4,775 | 40,873 | |||
| Other charitable | activities | 168428 | 168428 | |||||
| 225 239 | 95 404 | 320 643 | ||||||
| 6. | GOVERNANCE | COSTS | ||||||
| 2022 | 2021 | |||||||
| Clerks remuneration | 33,840 | 32,856 | ||||||
| Audit fees | 6,000 | 4,560 | ||||||
| Legal and professional | fees | 5,856 | ||||||
| Bank charges and interest | 1,033 | 1,053 | ||||||
| ~40 873 | ~44 325 | |||||||
| Almshouse | Relief in | |||||||
| Need | Totals | |||||||
| f, | ||||||||
| Clerks remuneration | 29,887 | 3,953 | 33,840 | |||||
| Audit fees | 5,299 | 701 | 6,000 | |||||
| Bank charges | 912 | 121 | 1,033 | |||||
| 36098 | 4,775 | 40 073 |
| GRANTS AND DONATIONS | GRANTS AND DONATIONS | GRANTS AND DONATIONS | ||||
|---|---|---|---|---|---|---|
| The following | grants | and donations | were | made during the year to 31stOctober 2022: | ||
| 2022 | 2021 | |||||
| Education and |
Youth | 66,722 | 49,800 | |||
| Grants to organisations | 680 | 8,625 | ||||
| Medical | 1,668 | 500 | ||||
| Christmas voucher scheme |
7,570 | 4,051 | ||||
| Other small donations | ~11 50 | 521 | ||||
| ~87 890 | ~63 497 | |||||
| 10. | STAFF COSTS | |||||
| 2022 | 2021 | |||||
| Wages and salaries | 23,452 | ~23 121 | ||||
| ~23 452 | 23,121 | |||||
| The average monthly | number ofemployees | during the year was as follows: | ||||
| 2022 | 2021 | |||||
| Full-time | I | 1 | ||||
| Part-time | 2 | 2 | ||||
| No employees | received emoluments | in excess off60,000. | ||||
| 11. | TANGIBLE FIXED | ASSETS | ||||
| Freehold | ||||||
| property | ||||||
| COST | ||||||
| At 1 November | 2021 | and 31 October | 2022 | 369672 | ||
| NET BOOK VALUE | ||||||
| At 31October | 2022 | 369,672 | ||||
| At 31October | 2021 | 369,672 |
| FIXEDASSETINVESTMENTS | |||
|---|---|---|---|
| Listed | Unlisted | ||
| investments | investments | Totals | |
| MARKET VALUE | |||
| At 1 November 2021 |
2,400,850 | 464,048 | 2,864,898 |
| Additions | 511,438 | 511,438 | |
| Disposals Net gains/(losses) on investments |
(18,584) ~254,694 |
(464,048) | (482,632) ~254 694 |
| At 31 October 2022 | 2,639,010 | 2,639,010 | |
| NET BOOKVALUE | |||
| At 31 October 2022 | 2,639010 | 2639010 | |
| At 31 October 2021 | 2,400,850 | 464,048 | 2,864898 |
| FAIR VALUE | ||
|---|---|---|
| At 1 November |
2021 | 2,386,000 |
| Revaluations | 511000 | |
| At 31October | 2022 | 2,097000 |
| NET BOOK VALUE | ||
| At 31October | 2022 | 2,097,000 |
| At 31October | 2021 | 2,386000 |
| OPERATING L | EASE | |||
|---|---|---|---|---|
| The table sets out | a maturity | analysis oflease payments | to be received after the year end: | |
| 2022 | 2021 | |||
| Expiring: | ||||
| Within one year | 89+72 | 96,910 | ||
| Between one and two years | 55,350 | 79,420 | ||
| Between two and five years | 151,345 | |||
| After five years | 1~05510 | |||
| 4~01 477 | 176330 | |||
| DEBTORS:AMOUNTS FALLING DUE WITHIN | ONE YEAR | |||
| 2022 | 2021 | |||
| Rental debtors | 11,818 | 17,006 | ||
| Prepayments and |
accrued income | ~12888 | ~11 964 | |
| ~24 706 | 28,970 | |||
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 2022 | 2021 | |||
| Other creditors | 3,125 | 3,931 | ||
| Odiham Education Charity |
2,678 | 2,793 | ||
| Accrued expenses | 39,064 | 21,261 | ||
| Deferred income | 10,675 | 10,508 | ||
| 55,542 | 38,493 |
| MOVEMENT | IN FUNDS | |||
|---|---|---|---|---|
| Net | ||||
| At | movement | At | ||
| 1.11.21 | in funds | 31.10.22 | ||
| Unrestricted | funds | |||
| Almshouse | 4,641,400 | 422859 | 5,063,759 | |
| Relief in need Extraordinary |
Repair fund | 1,755,003 161,080 |
(177,960) ~19,220 |
1,577,043 141860 |
| TOTAL FUNDS | 6,557 4$3 | 225 179 | 6782,662 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| Unrestricted | funds | |||||
| Almshouse | 276,299 | (247,190) | 393,250 | 422459 | ||
| Relief in need | 38,248 | (98,458) | (117,750) | (177,960) | ||
| Extraordinary | Repair fund | ~39220 | ~19+20 | |||
| TOTAL FUNDS | 314,547 | 345648 | 256,280 | 225 179 | ||
| Comparatives | for movement | in funds | ||||
| Net | ||||||
| At | movement | At | ||||
| 1.11.20 | in funds | 31.10.21 | ||||
| Unrestricted | funds | |||||
| Almshouse | 4,231,639 | 409,761 | 4,641,400 | |||
| Relief in need | 1,633,619 | 121,384 | 1,755,003 | |||
| Extraordinary | Repair fund | 142325 | 18755 | 161080 | ||
| TOTAL FUNDS | 6007583 | 549900 | 6557483 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| Unrestricted | funds | ||||
| Almshouse | 259,453 | (207,266) | 357,574 | 409,761 | |
| Relief in need | 35,577 | (74,430) | 160,237 | 121,384 | |
| Extraordinary | Repair fund | 18,755 | 18,755 | ||
| TOTAL FUNDS | 295,030 | ~281,696) | 536,566 | 549900 |
| with the 199 | 3Trust Deed. | |||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Balance brought forward | 161,080 | 142,325 | ||||
| Movement during the year |
(19,220) | 18,755 | ||||
| Reserve transfer | ||||||
| 141,860 | 1~61 080 | |||||
| ANALYSIS | OF NET ASSETSBETWEEN | FUNDS | ||||
| Tangible | Investments | Net current | Total Fund | |||
| Assets | assets/ | |||||
| (liabilities) | ||||||
| Unrestricted | funds | |||||
| Almshouse | 369,672 | 4,145,575 | 548,512 | 5,063,759 | ||
| Relief in need | 1,248,575 | 328,468 | 1,577,043 | |||
| Designated | funds | |||||
| Extraordinary | Repair fund | 141860 | 141860 | |||
| TOTAL FUNDS | 369672 | 5536010 | 876 980 | 6782 662 | ||
| Comparatives for movement |
in funds | |||||
| Tangible | Investments | Net current | Total Fund | |||
| Assets | assets/ | |||||
| (liabilities) | ||||||
| Unrestricted | funds | |||||
| Almshouse | 369,672 | 3,574,927 | 696,801 | 4,641,400 | ||
| Relief in need | 1,514,891 | 240,112 | 1,755,003 | |||
| Designated | funds | |||||
| Extraordinary | Repair fund | 161080 | 161080 | |||
| TOTAL FUNDS | 369,672 | 5250 898 | 936,913 | 6557 483 |
FORTHE YEAR ENDED 31 |
OCTOBER 2022 |
||
|---|---|---|---|
| 2022 | 2021 | ||
| INCOME AND ENDOWMENTS | |||
| Donations and legacies |
|||
| Donations received |
11200 | 7030 | |
| 11,200 | 7,050 | ||
| Other activities | |||
| Other income | 361 | ||
| Investment income |
|||
| Rent received | 95,583 | 86,203 | |
| Dividends | 75,956 | 71,082 | |
| Charity deposit fund interest | 18 | 56 | |
| Deposit account interest | 520 | 16 | |
| 172,077 | 157,357 | ||
| Charitable activities |
|||
| Maintenance charges |
131+69 | 130262 | |
| Total incoming resources |
314,546 | 295,030 | |
| EXPENDITURE | |||
| Investment management |
costs | ||
| Brokers costs | 6,108 | 6,190 | |
| Property agent fees |
8,554 | 9,075 | |
| Repairs and refurbishment | to property | 10362 | 11026 |
| 25,004 | 26,291 | ||
| Support costs | |||
| Management | |||
| Wardens salaries and pension |
23,452 | 23,121 | |
| Rates and water | 1,532 | (1,282) | |
| Insurance | 6,979 | 6,950 | |
| Light and heat | 33,466 | 36,090 | |
| Telephone | 1,808 | 2,248 | |
| Sundry expenses | 1,338 | 3,233 | |
| Repairs and refurbishment | to property | 104,691 | 52,219 |
| Alarm costs | 3,325 | 1,915 | |
| Carel inc costs | 782 | 782 | |
| Garden Maintenance | 14,507 | 22,307 | |
| Gifts | 18,820 | 4,572 | |
| Grants and donations | 69 070 | 58,925 | |
| 279,770 | 211,080 | ||
| Finance | |||
| Bank charges and interest | 1,033 | 1,053 |
| FORTHE YEAR ENDED 31OC | TOBER 2022 | |||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Governance costs |
||||
| Clerks remuneration | 33,840 | 32,856 | ||
| Audit fees | 6,000 | 4,560 | ||
| Legal and professional | fees | 5 856 | ||
| 39840 | 43 272 | |||
| Total resources expended | 345647 | 281 696 | ||
| Net (expenditure)/income | before gains and | |||
| losses | (31,101) | 13,334 | ||
| Realised recognised gains |
and losses | |||
| Realised gains/(losses) | on | fixed asset investments | 492 | 40,631 |
| Unrealised gains/losses |
on | investments | 255 700 | 495 935 |
| Net (expenditure)/income | 225,179 | 549,900 |