2021-09-30-accounts - William Paulett

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		SORP reference
Summary ofthe purposes of		Para 1.17	The purpose ofthe William Paulett
the charity as set out governing document	in its		Charity isto apply its income to the maintaining and running ofthe 10
			almshouses in its ownershi
Summary ofthe main activities in relation to those		Para 1.17and 1.19	The Charity derives its income from share dividends plus Weekly
purposes forthe public			Ilaintenance Contributions (WIICs)
benefit, in particular,	the		from its residents and the income is
activities, projects or			used to cover expenditure in
services identified in	the		administrating, maintaining,
accounts.			refurbishing and upgrading the
			almshouses both by a planned schedule
			and as necessary repairs 8 maintenance
			issues arise
Statement confirming		Para 1.18	As evidenced in the 2boxes above, the
whether the trustees	have		Trustees have demonstrated their
had regard to the guidance			regard to the guidance issued by the
issued by the Charity			Charity Commission on public benefit,
Commission on public			Forthe Charity's purpose, 'the public'
benefit			e uates to the almshouse residents

You ma choose to	You ma choose to	You ma choose to	include	further statements	where relevant about:
				SORP reference
Polic on		rant makin		Para 1.38	NIA
Policy on	social investment			Para 1.38	NIA
including	program		related
investment
Contribution		made	by	Para 1,38	NIA
volunteers
Other					N/A

Achieve	m	e	n	ts	and	Per	formance
							SORP reference
Summary		ofthe main					Para 1.20	The Charity maintains a schedule of
achievements				ofthe charity,				improvement works for the almshouses
identifying		the		difference		the		to ensure, tothe best ofits financial
charity's	work			has	made	to		ability, that the residents benefit from the
the circumstances					of its			best possible living standards. This year
beneficiaries			and		any wider			a complete refurbishment including new
benefits	to society				as a			bathroom/kitchen/flooring/heating was
whole.								carried out and astart made on asecond
								one. From planned RSM.a number of
								old wooden kitchen back doors and
								windows were replaced with new UPVC
								ones; wooden front doors were re-oiled;
								an annual check was carried out ofall
								fire safety equipment in all the
								almshouses (smoke alarms/fire blankets
								and extinguishers); annual buildings
								insurance paid and miscellaneous other
								minor RSINjobs carried out
Additional		information				(optional)
You ma	choose to include further statements							where relevant about
Achievements				against			Para 1.41	An extra f1800income from share
objectives		set						dividends was received against the
								budgeted figure; however WMC income
								was down by 65000due to late and
								irregular payments by residents and
								properties being empty whilst being
								refurbished
								Expenditure was above the budgeted
								sum due to incurring unexpected
								Council Tax and electric costs, while
								properties being refurbished and having
								to pay hire costs to hold Trustee
								Meetings in the village Youth Club to
								enable social distancin
Performance				offundraising			Para 1.41	NIA
activities	against objectives
set
Investment			performance				Para 1.41	N/A
against objectives
Other								NIA

inancial Review	inancial Review	inancial Review	inancial Review
Review ofthe charity's					Para 1.21	Instead ofa budgeted income surplus of
financial position at ofthe period			the end			just over f1000,the endwf-year position was a deficit ofRi?00. However this is
						not a bad result given that not all WliCs
						were received on time and 2 properties
						became vacant unexpectedly (due	to
						elderly residents having to move out)
						and needed major refurbishment.	Due
						to Covid lockdowns and guidelines,		it
						was not possible to do all the planned
						small RLMjobs as scheduled and	had
						to be fitted in when ossible
Statement	explaining		the		Para 1.22	The Charity has a Reserves Policy,
policy for holding reserves						taking the view that reserves are
stating why	they are		held			essential to maintain the ongoing
						viabili ofit
Amount of	reserves		held		Para 1.22	General Fund: f355,242
						Extraordinary Repairs Res: R33,?48
						Charitable Fund Property Reserve:
						f44 584
Reasons for		holding	zero		Para 1.22	NIA
reserves
Details offund materially				in	Para 1.24	NIA
deficit
Explanation		ofany			Para 1.23	NIA
uncertainties		about the
charity continuing as a going
concern

Additional	information	(optional)
You ma choose to include further statements			where relevant	about
The charity's principal		Para 1.47	From investments		and Weekly
sources of	funds (including		Maintenance	Contributions		from the
any fundraising)			Residents
Investment	policy and	Para 1.46	The Charity's	Investment Policy states
objectives	including any		that the financial objective			ofits
social investment policy			investments	isto generate		a sustainable
adopted			return to help	deliver the objects ofthe
			Char'
A description ofthe principal		P«a146	NIA
risks facing	the charity
			NIA
Other

Description of charity's
trusts:
Type ofgoverning document	Para 125	Scheme ofDelegation
How is the charity	Para 1.25	Registered	Charity
constituted?
Trustee selection methods	Para 1.25	5 Nominative		Trustees appointed		by
including details ofany		Stogursey Parish Council			on aterm of4
constitutional provisions e.g.		years
election to post or name of
any person or body entitled		3Cowptative		Trustees being persons
to appoint one or more		who through		residents, occupation or
trustees		employment,		or otherwise,	have	special
		knowledge	ofthe Ancient		Parish	of
		Sto urse

			knowledge Sto urse	ofthe Ancient	Parish of
Additional information	(optional)
You ma choose to include		further statements	where relevant about
Policies and procedures			Up-to4ate	guidance taken from the
adopted for the induction		Para 1.51	Almshouse	Association's	Standards of
and training oftrustees			Almshouse	Management	Manual
The charity's organisational		Para 1.51
structure and any wider			NIA
network with which the
charit works
Relationship with any		Para 1.51	NIA
related parties
			NIA
Other

Charit	name			William Paulett Cha	William Paulett Cha
Other name the charit			uses	NIA
Re istered charit		number		238948
Charity's	principal	address		30Lime Street
				Stogursey
				Bridgwater
				Somerset	TA5 1QR

es	ofthe charity trust	ees who manage	the charity
	Trustee name	Office (ifany)	Dates acted ifnot forwhole ar	Name ofperson (or body) entitled to a oint trustee ifan
1	Allan Searle	Chair		Stogursey	Parish	Council
2	Stephen Stoneham	Vice Chair
	Michael Gardner			Stogursey	Parish	Council
	Janet Mitchell			Stogursey	Parish	Council
	Catherine Hawkins			Stogursey	Parish	Council
	Kay Smith			Stogursey	Parish	Council
	Lynn O'Driscol
	Ann Tyldesley		12/7/21 —20/09/21
	Lady Elizabeth		01/10/20 —12/07/21
	Gass

for the Year	Ended	30	Se tember 2021
							30.9.21	30.9.20
					Unrestricted	Restricted	Total	Total
					funds	fund	funds	funds
				Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies								250
Investment	income				30,276		30,276	31,524
Total					30,276		30,276	31,774
EXPENDITURE		ON
Charitable	activities
Management
					4,370		4,370	4,249
Maintenance					22,618		22,618	8,075
Services					4,559		4,559	3,411
Total					31,547		31,547	15,735
Net gains/(losses)		on investments			61,009		61,009	(53,348)
NET INCOME/(EXPENDITURE)					59,738		59,738	(37,309)
RECONCILIATION			OF FUNDS
Total funds	brought		forward		373,836		373,836	411,145
TOTAL FUNDS		CARRIED FORWARD			433,574		433,574	373,836

Balance Sheet 30Se tember 2021
				30.9.21	30.9.20
		Unrestricted	Restricted	Total	Total
		funds	fund	funds	funds
	Notes
FIXEDASSETS
Tangible assets		227,149		227,149	227,444
Investments		297,691		297,691	236,682
		524,840		524,840	464,126
CURRENT ASSETS
Debtors	10	1,458		1,458	5,226
Cash at bank		59,598		59,598	56,806
		61,056		61,056	62,032
CREDITORS
Amounts falling due within one year		(1,575)		(1,575)	(1,575)
NET CURRENT ASSETS		59,481		59,481	60,457
TOTAL ASSETSLESSCURRENT
LIABILITIES		584,321		584,321	524,583
CREDITORS
Amounts falling due after more than one year	12	(150,747)		(150,747)	(150,747)
NET ASSETS		433,574		433,574	373,836

Balance Sheet - continued 30Se tember 2021
FUNDS	14
Unrestricted funds:
General fund		355,242	295,504
Extraordinary Repairs Reserve		33,748	33,748
Charitable Fund Property Reserve		44,584	44,584
		433,574	373,836
TOTALFUNDS		433,574	373,836

DONATIONS	DONATIONS
			30.9.21	30.9.20
Donations				250
INVESTMENT INCOME
			30.9.21	30.9.20
Maintenance	contributions		23,630	23,726
Other fixed	asset invest - FII		6,646	7,798
			30,276	31,524
SUPPORT	COSTS
			Governance
		Finance	costs	Totals
Services		402	1,140	1,542

				30.9.21	30.9.20
Office staff				2	2
No employees received	emoluments	in excess off60,000.
COMPARATIVKS FOR THE STATEMENT OF FINANCIAL			ACTIVITIES
			Unrestricted	Restricted	Total
			funds	fund	funds
INCOME AND ENDOWMENTS		FROM
Donations and legacies			250		250
Investment income			31,524		31,524
Total			31,774		31,774
EXPENDITURE ON
Charitable activities
Management
			4,249		4,249
Maintenance			8,075		8,075
Services			3,411		3,411
Total			15,735		15,735
Net gains/(losses) on investments			(53,348)		(53,348)
NET INCOME/(EXPENDITURE)			(37,309)		(37,309)
RECONCILIATION	OF FUNDS
Total funds brought forward			411,145		411,145
TOTAL FUNDS CARRIED FORWARD			373,836		373,836

S.	TANGIBLE	FI	XE	DASSE	TS
							Improvements	Fixtures
						Freehold	to	and
						property	property	fittings	Totals
						E
	COST
	At 1 October	2020		and 30 September 2021		204,674	21,870	2,945	229,489
	DEPRECIATION
	At 1 October	2020						2,045	2,045
	Charge for year							295	295
	At 30September		2021					2,340	2,340
	NET BOOK	VALUE
	At 30September		2021			204,674	21,870	605	227,149
	At 30September		2020			204,674	21,870	900	227,444
%.	FIXEDASSET		INVESTMENTS
	The investments		comprise the following:
								2021	2020
	9,465.485			Charinco	Income Shares			17,426	18,628
	4,461			Charifund	Income Shares			68,587	53,698
	156			Charifund	Income Shares			2,398	1,878
	3,877.424			Charifund	Income Shares			59,615	46,674
	7,004.04			Schroders	The Charity Equity Fund A			88,951	55,710
	51,123.13			Schroders	Income Trust for Charities A Fund			43,542	45,377
	7,030.78			Schroders	Income Trust for Charities A Fund			4,642	4,958
	7615,569			FPCAF UK Equity BInc				~12530	9759
								297,691	236,682
lL	DEBTORS:	AMOUNTS FALLING DUE WITHIN ONE YEAR
								30.9.21	30.9.20
	Trade debtors							1,208	1,976
	Other debtors							250	250
	Prepayments	and	accrued income						3,000
								1,458	5,226

CREDITORS	: AMOUNTS FAL	LING DUE WITHIN ONE	YEAR
				30.9.21	30.9.20
Other creditors				1,575	1,575
CREDITORS: AMOUNTS FALLING DUE AFTER MORE			THAN ONE	YEAR
				30.9.21	30.9.20
Other creditors				150,747	150,747
LOANS
An analysis ofthe maturity ofloans is given below:
				30.9.21	30.9.20
Amounts falling due in more than		five years:
Repayable otherwise than by instalments:
Other loans more 5yrs non-instalment				150,747	150,747
MOVEMENT IN FUNDS
				Net
			At	movement	At
			1.10.20	in funds	30.9.21
Unrestricted	funds
General fund			295,504	59,738	355,242
Extraordinary	Repairs Reserve		33,748		33,748
Charitable Fund Property Reserve			44,584		44,584
			373,836	59,738	433,574
TOTAL FUNDS			373,836	59,738	433,574
Net movement	in funds, included	in the above are as follows:
		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
				f.
Unrestricted	funds
General fund		30,276	(31,547)	61,009	59,738
TOTAL FUNDS		30,276	(31,547)	61,009	59,738

				Net
			At	movement	At
			1.10.19	in funds	30.9.20
				f
Unrestricted		funds
General fund			332,813	(37,309)	295,504
Extraordinary		Repairs Reserve	33,748		33,748
Charitable	Fund Property Reserve		44,584		44,584
			411,145	(37,309)	373,836
TOTAL	FUNDS		411,145	(37,309)	373,836

			Incoming	Resources	Gains and	Movement
			resources f	expended	losses	in funds
Unrestricted		funds
General	fund		31,774	(15,735)	(53,348)	(37,309)
TOTAL	FUNDS		31,774	(15,735)	(53,348)	(37,309)

				Net
			At	movement	At
			1.10.19	in funds	30.9.21
				f,	f
Unrestricted		funds
General fund			332,813	22,429	355,242
Extraordinary		Repairs Reserve	33,748		33,748
Charitable	Fund Property Reserve		44,584		44,584
			411,145	22,429	433,574
TOTAL	FUNDS		411,145	22,429	433,574

		Incoming	Resources	Gains and	Movement
		resources f	expended f.	losses	in funds
Unrestricted	funds
General fund		62,050	(47,282)	7,661	22,429
TOTAL FUNDS		62,050	(47,282)	7,661	22,429

Ye	ar En	ded 30Se	tember 2021
				30.9.21	30.9.20
	AND ENDOWMENTS
	and	legacies
					250
	tincome
	contributions			23,630	23,726
axed asset invest -			FII	6,646	7,798
				30,276	31,524
Morning		resources		30,276	31,774
	activities
nnd	water			820	163
				1,159	1,127
nnd	heat			622	221
and stationery				308	32
					100
seyairs		&maintenance		22,618	8,074
	kes			4,250	4,250
				108	213
				120
				30,005	14,180
charges				107	60
;Ihpseciation		oftangible	fixed assets	295	295
				402	355
geoernance		costs
.Amours'	remuneration		for non audit work	1,140	1,200
resources		expended		31,547	15,735
(expenditure)/income				(1,271)	16,039