##
##
##
##
##
##
|||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)|(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|AND LEGACIES||||
|---|---|---|---|---|---|
|||||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|