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|---|---|---|---|
|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|
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||||||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|
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||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|
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|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|
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||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|
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|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|
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|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|
##
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|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|