## 

## 

## 

## 

## 

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



## 

|||||SORP reference||
|---|---|---|---|---|---|
|Polic<br>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<br>works forthe almshouses|||
|identifying||the||difference||the||to ensure, to the best ofits financial|||
|charity's|work|||has|made|to||ability, that the residents<br>benefit from the|||
|the circumstances|||||ofits|||best possible living standards.<br>This|year||
|beneficiaries|||and||any wider|||a complete refurbishment<br>including|new||
|benefits to||society|||as a|||bathroom/kitchen/flooring/heating<br>was|||
|whole.||||||||completed.<br>From planned<br>R&M.the|||
|||||||||remaining<br>4old wooden kitchen back|||
|||||||||doors and windows<br>were replaced<br>with|||
|||||||||new UPVC ones; an annual check was|||
|||||||||carried out ofall fire safety equipment||in|
|||||||||all the almshouses<br>(smoke alarms/fire|||
|||||||||blankets<br>and extinguishers)<br>and all|||
|||||||||smoke alarms were replaced with new|||
|||||||||10-year ones; annual<br>buildings|||
|||||||||insurance<br>paid and miscellaneous<br>other|||
|||||||||minor R&Mjobs carried out; fire and|||
|||||||||health &Safety risk assessments<br>were|||
|||||||||camedoutb<br>a<br>ualifiedcom<br>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<br>WMC income was|up||
|||||||||by f3835against budget, due to all|||
|||||||||residents<br>now paying<br>by standing<br>order,<br>together with full occupancy ofthe|||
|||||||||almshouses.|||
|||||||||Total expenditure<br>exceeded the|||
|||||||||bud<br>etedfi<br>ureb<br>on<br>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<br>Review|inancial<br>Review||||||
|---|---|---|---|---|---|---|
|Review ofthe charity's|||Para 1.21|The financial|position|atthe end ofthe|
|financial<br>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<br>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<br>the ongoing|||
|||||viabil<br>ofit|||
|Amount ofreserves|held||Para 1.22|General Fund: f325,975|||
|||||Extraordinary|Repairs|Res: f33,748|
|||||Charitable<br>Fund Property Reserve:|||
|||||f44,584|||
|Reasons for holding|zero||Para 122|NIA|||
|reserves|||||||
|Oetails offund materially||in|Para 124|NIA|||
|deficit|||||||
|Explanation<br>ofany|||Para 123|NIA|||
|uncertainties<br>about the|||||||
|charity continuing asa going|||||||
|concern|||||||






## 

|Oescription<br>ofcharity's|||||||||
|---|---|---|---|---|---|---|---|---|
|trusts:|||||||||
|Type ofgoverning<br>document|||Scheme ofDelegation||||||
|~t-::,.~st deed, royal charter)|||||||||
|How isthe charity||Para 1.25|Registered|Charity|||||
|constituted' ?|||||||||
|:-;-,~;cciat~ort<br>(".lQ&|||||||||
|Trustee selection methods<br>including<br>details ofany||Para 125|5Nominative<br>Trustees appointed<br>by<br>Stogursey Parish Council on aterm of4||||||
|constitutional<br>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<br>information|(optional)||||||||
|You ma<br>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<br>oftrustees|||Almshouse|Management||Ilanual|||
|The charity's<br>organisational||Para 1.51|||||||
|structure<br>and any wider|||NIA||||||
|network<br>with which the|||||||||
|chari<br>works|||||||||
|Relationship<br>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<br>ofsuch assets|||
|from the charity's<br>own|||
|assets|||



## 

## 

## 

## 

## 






|Reference and Administrative<br>Details|Reference and Administrative<br>Details|
|---|---|
|Report ofthe Trustees||
|independent<br>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<br>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<br>7615,569||Schroders Income Trust for Charities AFund.<br>FP CAF UK Equity 8Inc|||$,437<br>~ll 543|4,642<br>12530|
||||||263,974|297„691|
|||||||30.9.21|
|Trade debtors||||||1,208|
|Other debtors||||||250|





|N|to th<br>in<br>cial Statements - continued|to th<br>in<br>cial Statements - continued||||||
|---|---|---|---|---|---|---|---|
|for the|Year Ended 30Se<br>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<br>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<br>funds|||||||
||General fund|||||||
||Extraordinary<br>Repairs Reserve|||||||
||Charitab) eFund Property Reserve|||||||
|||||433/74||||
|||||433,574||||
||Net movement<br>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<br>income|||
|Maintenance<br>contributions||23,630|
|Other fixed asset invest - Fll||6,646|
|interest receivable - trading|||
|||30,276|
|||30,276|
|KXPKMMTURK|||
|Charitable<br>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<br>fees|||
|Sundries|||
|||30„005|
|Governance<br>costs|||
|Auditors'<br>remuneration,|for non audit vvork|1,140|
|Total resources cxpefl ded|||
|Net incetnei(expenditure)|||





|Reference and Administrative<br>Details|Reference and Administrative<br>Details|
|---|---|
|Report ofthe Trustees||
|independent<br>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<br>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<br>7615,569||Schroders Income Trust for Charities AFund.<br>FP CAF UK Equity 8Inc|||$,437<br>~ll 543|4,642<br>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<br>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<br>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<br>income|||
|Maintenance<br>contributions||23,630|
|Other fixed asset invest - Fll||6,646|
|interest receivable - trading|||
|||30,276|
|||30,276|
|KXPKMMTURK|||
|Charitable<br>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<br>fees|||
|Sundries|||
|||30„005|
|Governance<br>costs|||
|Auditors'<br>remuneration,|for non audit vvork|1,140|
|Total resources cxpefl ded|||
|Net incetnei(expenditure)|||