| Objectives and | Activiti | es | |
|---|---|---|---|
| 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 tothose |
Para 1.17and 1.18 |
The Charity derives its income from share dividends plus Weekly |
|
| purposes for the public | Ilaintenance Contributions gNIICs) |
||
| 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 tothe 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 tothe almshouse residents |
| SORP reference | |||||
|---|---|---|---|---|---|
| Polic on |
rant makin | Para 1.38 | N/A | ||
| Policy on | social investment | Para 1.38 | NIA | ||
| including | program | related | |||
| investment | |||||
| Contribution | made | by | Para 1.38 | ||
| volunteers | |||||
| Other | NIA |
| SORP reference | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Summary | ofthe main | Para 1.20 | The Charity maintains aschedule of | |||||||
| achievements | ofthe charity, | improvement works forthe almshouses |
||||||||
| identifying | the | difference | the | to ensure, to the best ofits financial | ||||||
| charity's | work | has | made | to | ability, that the residents benefit from the |
|||||
| the circumstances | ofits | 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. | completed. From planned R&M.the |
|||||||||
| remaining 4old wooden kitchen back |
||||||||||
| doors and windows were replaced with |
||||||||||
| new UPVC ones; an annual check was | ||||||||||
| carried out ofall fire safety equipment | in | |||||||||
| all the almshouses (smoke alarms/fire |
||||||||||
| blankets and extinguishers) and all |
||||||||||
| smoke alarms were replaced with new | ||||||||||
| 10-year ones; annual buildings |
||||||||||
| insurance paid and miscellaneous other |
||||||||||
| minor R&Mjobs carried out; fire and | ||||||||||
| health &Safety risk assessments were |
||||||||||
| camedoutb a ualifiedcom an |
||||||||||
| Additional | information | (optional) | ||||||||
| You ma | choose to include further statements | where relevant about | ||||||||
| Achievements | against | Para 1.41 | An extra f1213income from share, | |||||||
| objectives | set | bank interest and misc utility refunds | ||||||||
| was received against the budgeted | ||||||||||
| figure; in addition WMC income was |
up | |||||||||
| by f3835against budget, due to all | ||||||||||
| residents now paying by standing order, together with full occupancy ofthe |
||||||||||
| almshouses. | ||||||||||
| Total expenditure exceeded the |
||||||||||
| bud etedfi ureb on K315 |
||||||||||
| Performance | offundraising | Para 1.41 | N/A | |||||||
| activities | against objectives | |||||||||
| set | ||||||||||
| Investment | performance | Para 1.41 | N/A | |||||||
| against objectives | ||||||||||
| Other | N/A |
| inancial Review |
inancial Review |
|||||
|---|---|---|---|---|---|---|
| Review ofthe charity's | Para 1.21 | The financial | position | atthe end ofthe | ||
| financial position at |
the end | year was better than expected due | ||||
| ofthe period | mainly tothe | increase | in the bank | |||
| interest rate | together | with WNCs now | ||||
| being paid by standing | order and | |||||
| outstanding | accruals | from last year now | ||||
| aid u . | ||||||
| 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 |
||||
| viabil ofit |
||||||
| Amount ofreserves | held | Para 1.22 | General Fund: f325,975 | |||
| Extraordinary | Repairs | Res: f33,748 | ||||
| Charitable Fund Property Reserve: |
||||||
| f44,584 | ||||||
| Reasons for holding | zero | Para 122 | NIA | |||
| reserves | ||||||
| Oetails offund materially | in | Para 124 | NIA | |||
| deficit | ||||||
| Explanation ofany |
Para 123 | NIA | ||||
| uncertainties about the |
||||||
| charity continuing asa going | ||||||
| concern |
| Oescription ofcharity's |
||||||||
|---|---|---|---|---|---|---|---|---|
| trusts: | ||||||||
| Type ofgoverning document |
Scheme ofDelegation | |||||||
| ~t-::,.~st deed, royal charter) | ||||||||
| How isthe charity | Para 1.25 | Registered | Charity | |||||
| constituted' ? | ||||||||
| :-;-,~;cciat~ort (".lQ& |
||||||||
| Trustee selection methods including details ofany |
Para 125 | 5Nominative Trustees appointed by 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, | orotherwise, | have | special | ||||
| knowledge | ofthe Ancient | Parish | of | |||||
| Sto urse | ||||||||
| Additional information |
(optional) | |||||||
| You ma choose to indude further statements |
where relevant | about | ||||||
| Policies and procedures | Up-to-date guidance taken | from | the | |||||
| adopted forthe induction | Para 1.51 | Almshouse | Association's | Standards of | ||||
| and training oftrustees |
Almshouse | Management | Ilanual | |||||
| The charity's organisational |
Para 1.51 | |||||||
| structure and any wider |
NIA | |||||||
| network with which the |
||||||||
| chari works |
||||||||
| Relationship with any |
Para 1.51 | NIA | ||||||
| related parties | ||||||||
| NIA | ||||||||
| Other |
| unds held as cust | odia | n tr |
|---|---|---|
| Description ofthe assets | NIA | |
| held in this capacity | ||
| Name and objects ofthe | ||
| charity on whose behalf | the | NIA |
| assets are held and how | this | |
| falls within the custodian | ||
| charity's objects | ||
| Details ofarrangements | for | |
| safe custody and | NIA | |
| segregation ofsuch assets |
||
| from the charity's own |
||
| assets |
| Reference and Administrative Details |
Reference and Administrative Details |
|---|---|
| Report ofthe Trustees | |
| independent Examiner's Report |
|
| Statentent ofFinancial | Activities |
| Balance Sheet | |
| Notes to fhe Financial | Statements |
| Mr A H Searle Chairman | |
|---|---|
| MrM Gardner | |
| Mrs C Hawkins | |
| Mrs JMitchell | |
| Mrs K Snuth | |
| Mr SIStoneham | |
| Mrs LO'Driscoll | |
| Mrs A Tyldesley | |
| 30Lime Street | |
| Stogursey | |
| BRlDG%ATER | |
| Somerset | |
| TA5 1QR | |
| Maxwells | |
| Chartered Accountants |
|
| 4King Square | |
| Bridpvater | |
| Somerset | |
| TA6 3YF | |
| BANKERS | CAF Bank |
| 25Kings Hill Avenue | |
| Kings Hilt | |
| %est Mailing | |
| Kent | |
| ME194TA |
| 30.9.21 | |||||
|---|---|---|---|---|---|
| Total | |||||
| fUBtls | |||||
| 4,480 | 4,3/0 | ||||
| 23,259 | 22,618 | ||||
| 3,884 | 4,559 | ||||
| 724 | |||||
| 31,547 | |||||
| Net | gains/(losses) | on | investments | 61,009 | |
| 433,574 | 373,836 | ||||
| 433,574 |
| 30.9,21 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||||||||
| fnnds | fond | fttnds | ||||||||||
| 490,82$ | ||||||||||||
| 61,056 | ||||||||||||
| 10 | (1„575) | |||||||||||
| CREBITOR8 | ||||||||||||
| Amounts | falling | due | after | nore | than | one | year | 11 | (150,747) | (156,/47) | (150,747) |
| Maintenance | contributions |
|---|---|
| Othe fixed | asset invest - FII |
| Interest receivable - trading |
| The average | monthly | number ofemployees | number ofemployees | during the year vvas as follows: | ||
|---|---|---|---|---|---|---|
| Office staA' | ||||||
| No employees received emoluments | in excess of$60,000. | |||||
| COMPARATIVKS | FOR THK STATEMENT OFFINANCIAI, ACTIVffIKS | |||||
| Unrestricted | Restricted | Total | ||||
| funds | fund | funds | ||||
| INCOME AND ENDOWMENTS | FROM | |||||
| Investnlent | incolne | |||||
| KXPKNOrI'IJRK ON | ||||||
| Charitable | activities | |||||
| Management | ||||||
| 4,370 | ||||||
| 22,618 | ||||||
| 4„559 | ||||||
| NKT INCOME |
| TANGIBLE FI | X | EASSET | S | |||
|---|---|---|---|---|---|---|
| Improvelnents | ||||||
| Freehold | to | |||||
| property | property | Totals | ||||
| COST | ||||||
| At 1 October 2021 | and 30September 2022 | 21,870 | ||||
| MPRKCIATION | ||||||
| At 1 October 2021 | ||||||
| Charge foryear | ||||||
| At 30September | 2022 | |||||
| NKT800KVAMK | ||||||
| At 30September | 2022 | 310 | 226,854 | |||
| At 30September | 2021 | 605 | 227,149 | |||
| RXK9ASSET | INVKSTMKNTS | |||||
| The investments | comprise the | following: | ||||
| 9,465.485 | Charinco Income Shares | 13,449 | 17,426 | |||
| 4,461 | Charifund | Income Shares | 61+00 | 68,587 | ||
| 156 | Charifund | Income Shares | 2,140 | 2,398 | ||
| 3,877.424 | Charifund | Income Shares | 53,194 | 59,615 | ||
| 7,004.04 | Schroders | The Chality Equity Fund A | 86+20 | 88,951 | ||
| 5],123,13 | Schroders | Income Tnlst for Charities AFund | 32,799 | 43,542 | ||
| 7,030.78 7615,569 |
Schroders Income Trust for Charities AFund. FP CAF UK Equity 8Inc |
$,437 ~ll 543 |
4,642 12530 |
|||
| 263,974 | 297„691 | |||||
| 30.9.21 | ||||||
| Trade debtors | 1,208 | |||||
| Other debtors | 250 |
| N | to th in cial Statements - continued |
to th in cial Statements - continued |
|||||
|---|---|---|---|---|---|---|---|
| for the | Year Ended 30Se ember 2022 |
||||||
| Itt. | CRKBITORS: AMOUNTS FALLING | MK%'ITHIN ONE | YEAR | ||||
| 30.9.21 | |||||||
| Other creditors | 1,575 | ||||||
| II. | CRKSITORS:AMOUNTS FALLINt | BUKAFTERMORE | THAN | ONK | VKAR | ||
| 311.9.22 | 30.9.21 | ||||||
| Other creditors | 150„747 | 150,747 | |||||
| An analysis ofthe maturity ofloans is given below: | |||||||
| Amounts falling due in more than |
five years: | ||||||
| Repayable otherwise than by instahnents: | |||||||
| Other loans more 5yrs non-instalment | |||||||
| I3. | MOVK1VEKNT IN~S | ||||||
| Net | |||||||
| At | movement | ||||||
| 1.10.21 | m funds | ||||||
| Unrestricted funds |
|||||||
| General fund | |||||||
| Extraordinary Repairs Reserve |
|||||||
| Charitab) eFund Property Reserve | |||||||
| 433/74 | |||||||
| 433,574 | |||||||
| Net movement in funds, included |
in the above are as follows: | ||||||
| Incommg | Resources | Movement | |||||
| resources | expended | in funds | |||||
| (29,267) |
| Net | |||||||
|---|---|---|---|---|---|---|---|
| movement | |||||||
| in funds | |||||||
| Unrestricted | funds | ||||||
| 6eneral fund | 295,504 | 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 | |||
| Comparative | net movement | in funds, included | in the above are as follows: | ||||
| Incoming | Resources | ||||||
| resources | expended | ||||||
| 61,009 | |||||||
| TOTAL | FUÃBS | (31,547) | 61,009 |
| Net | |||
|---|---|---|---|
| At | movement | ||
| 1.10.20 | in funds | ||
| Unrestricted | funds | ||
| General fund | 295„504 | 30,471 | |
| Extraordinary | Repairs Reserve | 33,748 | |
| Charitable Fund Property Reserve | 44,584 | ||
| 30,471 |
| 1ncouling | Resources | ||
|---|---|---|---|
| resources— | expended | ||
| TOTAL | PUMIS | 67,073 |
| INCOME AN9 KNDQWMKN'f 5 | INCOME AN9 KNDQWMKN'f 5 | |
|---|---|---|
| Investment income |
||
| Maintenance contributions |
23,630 | |
| Other fixed asset invest - Fll | 6,646 | |
| interest receivable - trading | ||
| 30,276 | ||
| 30,276 | ||
| KXPKMMTURK | ||
| Charitable activities |
||
| Rates and water | 820 | |
| insurance | 1/9 | |
| Light and heat | ||
| Postage and stationery | 308 | |
| 6enerai repairs k maintenance | 22,618 | |
| Steward's fees | 4,2% | |
| Suhscripti ons | 108 | |
| Room hire | 120 | |
| Professional fees |
||
| Sundries | ||
| 30„005 | ||
| Governance costs |
||
| Auditors' remuneration, |
for non audit vvork | 1,140 |
| Total resources cxpefl ded | ||
| Net incetnei(expenditure) |
| Reference and Administrative Details |
Reference and Administrative Details |
|---|---|
| Report ofthe Trustees | |
| independent Examiner's Report |
|
| Statentent ofFinancial | Activities |
| Balance Sheet | |
| Notes to fhe Financial | Statements |
| Mr A H Searle Chairman | |
|---|---|
| MrM Gardner | |
| Mrs C Hawkins | |
| Mrs JMitchell | |
| Mrs K Snuth | |
| Mr SIStoneham | |
| Mrs LO'Driscoll | |
| Mrs A Tyldesley | |
| 30Lime Street | |
| Stogursey | |
| BRlDG%ATER | |
| Somerset | |
| TA5 1QR | |
| Maxwells | |
| Chartered Accountants |
|
| 4King Square | |
| Bridpvater | |
| Somerset | |
| TA6 3YF | |
| BANKERS | CAF Bank |
| 25Kings Hill Avenue | |
| Kings Hilt | |
| %est Mailing | |
| Kent | |
| ME194TA |
| 30.9.21 | |||||
|---|---|---|---|---|---|
| Total | |||||
| fUBtls | |||||
| 4,480 | 4,3/0 | ||||
| 23,259 | 22,618 | ||||
| 3,884 | 4,559 | ||||
| 724 | |||||
| 31,547 | |||||
| Net | gains/(losses) | on | investments | 61,009 | |
| 433,574 | 373,836 | ||||
| 433,574 |
| 30.9,21 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||||||||
| fnnds | fond | fttnds | ||||||||||
| 490,82$ | ||||||||||||
| 61,056 | ||||||||||||
| 10 | (1„575) | |||||||||||
| CREBITOR8 | ||||||||||||
| Amounts | falling | due | after | nore | than | one | year | 11 | (150,747) | (156,/47) | (150,747) |
| Maintenance | contributions |
|---|---|
| Othe fixed | asset invest - FII |
| Interest receivable - trading |
| The average | monthly | number ofemployees | number ofemployees | during the year vvas as follows: | ||
|---|---|---|---|---|---|---|
| Office staff | ||||||
| No employees received emoluments | in excess of$60,000. | |||||
| COMPARATIVKS | FOR THK STATEMENT OFFINANCIAI, ACTIVffIKS | |||||
| Unrestricted | Restricted | Total | ||||
| funds | fund | funds | ||||
| INCOME AND ENDOWMENTS | FROM | |||||
| Investnlent | incolne | |||||
| KXPKNOrI'IJRK ON | ||||||
| Charitable | activities | |||||
| Management | ||||||
| 4,370 | ||||||
| 22,618 | ||||||
| 4„559 | ||||||
| NKT INCOME |
| TANGIBLE FI | X | EASSET | S | |||
|---|---|---|---|---|---|---|
| Improvelnents | ||||||
| Freehold | to | |||||
| property | property | Totals | ||||
| COST | ||||||
| At 1 October 2021 | and 30September 2022 | 21,870 | ||||
| MPRKCIATION | ||||||
| At 1 October 2021 | ||||||
| Charge foryear | ||||||
| At 30September | 2022 | |||||
| NKT800KVAMK | ||||||
| At 30September | 2022 | 310 | 226,854 | |||
| At 30September | 2021 | 605 | 227,149 | |||
| RXK9ASSET | INVKSTMKNTS | |||||
| The investments | comprise the | following: | ||||
| 9,465.485 | Charinco Income Shares | 13,449 | 17,426 | |||
| 4,461 | Charifund | Income Shares | 61+00 | 68,587 | ||
| 156 | Charifund | Income Shares | 2,140 | 2,398 | ||
| 3,877.424 | Charifund | Income Shares | 53,194 | 59,615 | ||
| 7,004.04 | Schroders | The Chality Equity Fund A | 86+20 | 88,951 | ||
| 5],123,13 | Schroders | Income Tnlst for Charities AFund | 32,799 | 43,542 | ||
| 7,030.78 7615,569 |
Schroders Income Trust for Charities AFund. FP CAF UK Equity 8Inc |
$,437 ~ll 543 |
4,642 12530 |
|||
| 263,974 | 297„691 | |||||
| 30.9.21 | ||||||
| Trade debtors | 1,208 | |||||
| Other debtors | 250 |
| 30.9.21 | |||||||
|---|---|---|---|---|---|---|---|
| Other creditors | 1,575 | ||||||
| 11. | CRK91TORS:AMOUNTS FALI.INt | BUKAFTER MORE | THAN ONK | VKAR | |||
| 311.9.22 | 30.9.21 | ||||||
| Other creditors | 150„747 | 150,747 | |||||
| An analysis ofthe maturity ofloans is given below: | |||||||
| Amounts falling due in more than |
five years: | ||||||
| Repayable otherwise than by instahnents: | |||||||
| Other loans more 5yrs non-instalment | |||||||
| 13. | MOVKMKNT | IW~S | |||||
| Net | |||||||
| At | movement | ||||||
| 1.10.21 | m funds | ||||||
| Unrestricted funds |
|||||||
| General fund | |||||||
| Extraordinary | Repairs Reserve | ||||||
| Charitab) eFund Property Reserve | |||||||
| 433/74 | |||||||
| 433,574 | |||||||
| Net movement | in funds, included | in the | above are as follows: | ||||
| Incommg | Resources | Movement | |||||
| resources | expended | in funds | |||||
| (29,267) |
| Net | |||||||
|---|---|---|---|---|---|---|---|
| movement | |||||||
| in funds | |||||||
| Unrestricted | funds | ||||||
| 6eneral fund | 295,504 | 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 | |||
| Comparative | net movement | in funds, included | in the above are as follows: | ||||
| Incoming | Resources | ||||||
| resources | expended | ||||||
| 61,009 | |||||||
| TOTAL | FUÃBS | (31,547) | 61,009 |
| Net | |||
|---|---|---|---|
| At | movement | ||
| 1.10.20 | in funds | ||
| Unrestricted | funds | ||
| General fund | 295„504 | 30,471 | |
| Extraordinary | Repairs Reserve | 33,748 | |
| Charitable Fund Property Reserve | 44,584 | ||
| 30,471 |
| 1ncouling | Resources | ||
|---|---|---|---|
| resources— | expended | ||
| TOTAL | PUMIS | 67,073 |
| INCOME AN9 KNDQWMKN'f 5 | INCOME AN9 KNDQWMKN'f 5 | |
|---|---|---|
| Investment income |
||
| Maintenance contributions |
23,630 | |
| Other fixed asset invest - Fll | 6,646 | |
| interest receivable - trading | ||
| 30,276 | ||
| 30,276 | ||
| KXPKMMTURK | ||
| Charitable activities |
||
| Rates and water | 820 | |
| insurance | 1/9 | |
| Light and heat | ||
| Postage and stationery | 308 | |
| 6enerai repairs k maintenance | 22,618 | |
| Steward's fees | 4,2% | |
| Suhscripti ons | 108 | |
| Room hire | 120 | |
| Professional fees |
||
| Sundries | ||
| 30„005 | ||
| Governance costs |
||
| Auditors' remuneration, |
for non audit vvork | 1,140 |
| Total resources cxpefl ded | ||
| Net incetnei(expenditure) |