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2023-09-30-accounts

Objectives and Activ iti es es
SORP reference
Summary
ofthe purposes		 of Para 1.17 The purpose ofthe William Paulett Charity
the charity as set out in its isto apply its income to the maintaining
governing
document		 and running
ofthe 10almshouses
in its
ownership
Summary
ofthe main
activities
in relation to those		 Para
1.18		 1 17and The Charity derives its income from share
dividends
plus Weekly Maintenance
purposes
for the public		 Contributions
(WMCs) from its residents
benefit,
in particular,		 the and the income is used to cover
activities, projects or
services identified
in
accounts.		 the expenditure
in administrating,
maintaining,
refurbishing
and upgrading
the almshouses
both by a planned
schedule
and as
necessary repairs
gr maintenance
issues
arise
Statement
confirming		 Para 1.18 As evidenced
in the 2 boxes above, the
whether the trustees have Trustees have demonstrated
their regard
had regard to the guidance
issued by the Charity
Commission
on public
benefit		 tothe guidance
issued
by the Charity
Commission
on public benefit.
For the
Charity's
purpose, 'the public' equates to
the almshouse
residents

ou ma
c		 hoose to include fu rther statements rther statements where
SORP reference
Policy on grant making Para 1.38 N/A
Policy on social investment Para 1 38 N/A
including program related
investment
Contribution
made		 by Para 1.38 N/A
volunteers
Other N/A

SORP reference
Summary ofthe main Para 1.20 The Charity maintains
a schedule of
achievements ofthe charity, improvement
works for the almshouses
to
identifying
the difference the
charity's
work has made to
the circumstances
of its
beneficiaries
and any wider
benefits to society as a		 ensure, tothe best ofits financial
ability,
that the residents
benefit from the best
possible
living standards.
This year, this has
included;
whole.
~ New
bathroom,
flooring
and
redecoration
in four Almshouses
~ Replacement
of four
'blown'
sealed
window
units
in Almshouses
~ Redecoration
to
the
exterior
of
Almshouses
~ Removal of old and installation
of new
Velux windows
across six Almshouses
~ Removal of(oversized) water tanks and
installation
of more
economical
15L
water heaters
in four properties —now
all
residents
access
affordable
hot
water
~ Two
new
storage
heaters
in
one
property
~ New kitchen, two new storage heaters,
stairway
repair
and
re-decoration
throughout
one property
~ New kitchen, flooring and decorating
&
hallway
flooring
in one property
~ Repairs and replaste
ring ofone internal
wall
and decoration
of living
room
in
one property
~ Extensive
electrical
remedial
works
across
the
majority
of
Almshouses
following
the
5-yearly
electrical
inspection
~ Repairs
and
redecoration
of the
Bell
Tower
in St Andrews
Road, restoring
the bell ringing tradition to the benefit
ofthe village community
~ Paving work, replacement
and regular
maintenance
of guttering
and
foliage
removal across Almshouses
Professional
Surveys, Inspections
gr
Reports
A range of professionals attended the attended the
Almshouses
to undertake		 surveys this year.
These include;
~ Quinquennial
building		 inspection and
survey
~ 5-yearly
electrical		 inspection and
survey
~ Portable
appliance		 testing
in		 all
Almshouses
~ Fire
risk
assessment
across		 all
Almshouses
~ Annual
health
gr safety inspection
~ Annual
fire equipment		 safety check
~ Annual
financial
audit		 ofthe charity
~ In addition,
Trustees		 completed
their
annual
walkabout		 in the
Summer		 to
meet
all
residents		 and
discuss		 any
building
or other		 concerns
with		 all
residents.
Additional
information
(op		 tional)
You ma
choose to include		 further statements where relevant about:
Achievements
against		 Para 1.41 N/A
objectives set
Performance
offundraising		 Para 1.41 N/A
activities against objectives
set
Investment
performance		 Para 1.41 N/A
against objectives
Other N/A

Financial
Review		 Financial
Review
Review ofthe charity's Para 1.21 The financial position at the end ofthe year
financial
position at		 the end was as expected due to increased costs and
ofthe period a comprehensive
repairs,		 maintenance and
refurbishment programme across our
Almshouses.
Statement
explaining		 the Para 1.22 The Charity has a Reserves Policy, taking
policy for holding reserves the view that reserves are essential to
stating
why they are		 held maintain
the		 ongoing viability of it
Amount ofreserves held Para 1.22 General
Fund: f349,988
Extraordinary Repairs Res: f33,748
Charitable
Fund Property		 Reserve:
F44,584
Reasons for holding zero Para 1.22 N/A
reserves
Details offund materially in Para 1.24 N/A
deficit
Explanation
ofany		 Para 1.23 N/A
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 offunds (including Maintenance Contributions from the
any fundraising) Residents
Investment
policy and		 Para 1.46 The Charity's Investment Policy states that
objectives including any the financial objective of its investments is
social investment
policy
adopted		 to generate
a sustainable
deliver the objects ofthe		 return to help
Charity
A description
ofthe		 principal Para 1.46 N/A
risks facing the charity
N/A
Other

tructure,
Governance		 and Man agement
Description
ofcharity's
trusts:
Type ofgoverning
document		 Para L25 Scheme of Delegation
How is the charity Para 1.25 Registered Charity
constituted?
Trustee selection methods Para 1.25 Nominative Trustees appointed by
including
details of any		 Stogursey Parish Council on a term of 4
constitutional
provisions e.g.
election to post or name of		 years
any person or body entitled
to appoint one or more
trustees		 Co-optative Trustees being persons who
through
residents,
occupation
or
employment, or otherwise, have special
knowledge ofthe Ancient Parish of
Stogursey
Additional
information
(optional)
You ma
choose to include further statements		 Additional
information
(optional)
You ma
choose to include further statements		 Additional
information
(optional)
You ma
choose to include further statements		 Additional
information
(optional)
You ma
choose to include further statements		 where relevant where relevant about:
Policies and procedures Up-to-date 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		 N/A
network
with which the
charit
works
Relationship
with any		 Para 1 51 N/A
related parties
N/A
Other

Refere nce and nce and Administ rative details
Charity name William Paulett Charity
Other name the charity uses N/A
Registered charity number 238948
Charity's principal address 21 High Street
Stogursey
TAS 1PL

Trustee name Office (ifany) Dates acted
ear		 ifnot for whole Name ofperson (or body) entitled
to a
oint trustee
ifan		 Name ofperson (or body) entitled
to a
oint trustee
ifan		 Name ofperson (or body) entitled
to a
oint trustee
ifan
1 Allan Searle Chair Stogursey Parish Council
2 Stephen Stoneham Vice Chair
3 Michael Gardner Stogursey Parish Council
4 Janet Mitchell Resigned 04.09.23 Stogursey Parish Council
5 Catherine
Hawkins		 Stogursey Parish Council
6 Kay Smith Resigned 04.09.23 Stogursey Parish Council
7 Brandon
Hall		 Appointed 13.03.23
8 Julie Jones Appointed 04.09.23 Stogursey Parish Council
9 John James Appointed 04.09.23
Co orate trustees —names ofthe directors at the date the re ort was a
Director name
N/A

Trustee name Dates acted ifnot for whole ear
N/A
Funds held as cust odia n t
Description
ofthe assets		 N/A
held
in this capacity
Name and objects ofthe
charity on whose behalf the N/A
assets are held and how this
falls within the custodian
charity's objects
Details of arrangements for
safe custody and N/A
segregation
ofsuch assets
from the charity's
own
assets

Names an d addresses
ofadvi		 sers (Optional
information)
Type of Name Address
adviser
N/A
Name of chief executive or names of senior staff members (Optional information)

Reference and Administrative
Details
Report ofthe Trustees
Independent
Examiner's
Report
Statement ofFinancial Activities
Balance Sheet 5 to 6
Notes to the Financial
Statements		 7 to 12
Detailed Statement ofFinancial Activities 13
INDEPENDENT EXAMINER Maxwells
Chartered Accountants
4King Square
Bridgwater
Somerset
TA6 3YF
BANKERS CAP Bank
25 Kings Hill Avenue
Kings Hill
West Mailing
Kent
ME194TA

30.9.23 30.9.22
Unrestricted Restricted Total Total
funds fund funds funds
Notes
INCOME AND ENDOWMENTS FROM
Investment income 2 37,704 37,704 36,797
EXPENDITURE ON
Charitable activities
Management
7,567 7,567 4,480
Maintenance 20,306 20406 23,259
Services 3)859 3,859 3,884
Governance costs 2)962 2,962 724
Total 34,694 34,694 32,347
Net gains/(losses) on investments 21,003 21,003 (33,717)
NET INCOME/(EXPENDITURE) 24,013 24,013 (29,267)
RECONCILIATION OF FUNDS
Total funds brought forward 404407 404@07 433,574
TOTAL FIJNDS CARRIED FORWARD 428420 428420 404,307

Balance Sheet
~30S gtem~be 2I)23
30.9.23 30.9.22
Unrestricted Restricted Total Total
funds fund funds funds
Notes
FIXEDASSETS
Tangible assets 6 248,613 24$,613 226,854
Investments 7 236,578 236,578 263,974
485,191 485,191 490,828
CURRENT ASSETS
Debtors 8 439 439 842
Cash at bank 96,944 96,944 64,9$4
97483 97&383 65,826
CREDITORS
Amounts
falling due within one year		 9 (3,507) (3,507) (1,600)
NET CURRENT ASSETS 93,876 93,876 64,226
TOTAL ASSETSLESSCURRENT
LIABILITIES 579,067 579&067 555,054
CREDITORS
Amounts
falling due ager more than one year		 10 (150,747) (150,747) (150,747)
NET ASSETS 428420 428420 404,307
FUNDS l2
Umestricted
funds:
General fund 349,988 325.975
Extraordinary
Repairs Reserve
Charitable
Fund Property
Reserve		 33,748
44,584		 33,748
~44 584
428,320 404,307
TOTALFUNDS ~428 20 404,307

INVESTM ENT INCOME
30.9.23 30.9.22
Maintenance contributions 29,644 29,143
Other fixed asset invest - FII 7,911 7,629
Interest receivable - trading 149 25
37)704 36,797

SUPPORT COSTS
Governance
Finance costs Totals
6
Services 412 1,440 1,852

5. COMPARATIVES FOR THE STATEMENT COMPARATIVES FOR THE STATEMENT OFFINANCIAL ACTIVITIES OFFINANCIAL ACTIVITIES
Unrestricted Restricted Total
fllllds fund funds
INCOME AND ENDOWMENTS FROM
Investment
income		 36,797 36,797
EXPENDITURE ON
Charitable
activities
Management
4,480 4,480
Maintenance 23,259 23,259
Services 3,884 3,884
Governance
costs		 724 724
Total 32,347 32,347
Net gains/(losses)
on investments		 (33,717) (33,717)
NET INCOME/(EXPENDITURE) (29,267) (29,267)
RECONCILIATION OFFUNDS
Total funds brought
forward		 433,574 433,574
TOTAL FUNDS CARRIED FORWARD 404,307 404,307
6. TANGIBLE FIXEDASSETS
Improvements Fixtures
Freehold to and
property property fittings
I		 Totals
COST
At I October 2022 204,674 21,870 2,945 229,489
Additions 22,069 22,069
At 30 September 2023 204,674 43,939 2,945 251,558
DEPRECIATION
At I October 2022 2,635 2,635
Charge for year 310 310
At 30 September 2023 2,945 2,945
NET BOOKVALUE
At 30 September 2023 204)674 43,939 248,613
At 30 September 2022 204,674 21,870 310 226,854

FIXEDASSETINVESTMENTS FIXEDASSETINVESTMENTS FIXEDASSETINVESTMENTS FIXEDASSETINVESTMENTS
The investments
comprise the following:
Cost 2023 2022
9,465.485 Charinco Income Shares 16,500 13,251 13,449
4,461 Charinco Income Shares 33,426 63,838 61,200
156 Charinco Income Shares 1,988 2,232 2,140
3,&77.424 Charinco Income Shares 50,007 55,487 53,194
51,123.13 Schroders Income Trust for Charities A Fund 26,336 32,790
7,030.78 Schroders Income Trust for Charities A Fund 4,147 3,437
7,615.569 FP CAF UK Equity BInc 9,000 11,543
7,000.04 Schroders The Charity Equity Fund A 31054 101769 86 220
172,458 236,577 263,973
8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
Trade debtors 592
Other debtors 250 250
Prepayments and accrued income 189
439 842
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
Other creditors 3,507 1,600
10. CREDITORS: AMOUNTS FALLING DUE AFTERMORE THAN ONE YEAR
30.9.23 30.9.22
8
Other creditors 150,747 150,747
11. LOANS
An analysis ofthe maturity ofloans is given below:
30.9.23 30.9.22
Amounts
falling due		 in more than five years:
Repayable otherwise than by instalments:
Other loans more Syrs non-instalment 150,747 150;747

MOVEM EN T IN FUNDS
Net
At movement At
1.10.22 in funds 30.9.23
Unrestricted funds
General fund 325,975 24,013 349,988
Extraordinary Repairs Reserve 33,748 33,748
Charitable Fund Property Reserve 44,584 44,584
404407 24,013 428,320
TOTAL FUNDS 404407 24,013 428,320
Incoming Resources Gains and Movement
resources expended losses in funds
Unrestricted funds
General fund 37,704 (34,694) 21,003 24,013
TOTAL FUNDS 37,704 (34,694) 21,003 24&013
Comparatives for movement in funds
Net
At movement At
1.10.21 in funds 30.9.22
Unrestricted funds
General fund 355,242 (29,267) 325,975
Extraordinary Repairs Reserve 33,748 33,748
Charitable
Fund Property Reserve		 44,584 44,584
433,574 (29,267) 404,307
TOTAL FUNDS 433,574 (29,267) 404,307
Incoming Resources Gains and Movement
resources expended losses in funds
Unrestricted funds
General fund 36,797 (32,347) (33,717) (29,267)
TOTALFUNDS 36,797 (32,347) (33,717) (29,267)

Net
At movement At
1.10.21 in funds 30.9.23
8
Unrestricted funds
General fund 355,242 (5,254) 349,988
Extraordinary Repairs Reserve 33,748 33,748
Charitable Fund Property Reserve 44,584 44,584
433,574 (5,254) 428,320
TOTAL FUNDS 433,574 (5,254) 428,320
Incoming Resources Gains and Movement
resources
I		 expended
6		 losses in funds
Unrestricted funds
General fund 74,501 (67,041) (12,714) (5,254)
TOTAL FUNDS 74,501 (67,041) (12,714) (5,254)

Detailed Statement ofFinancial Activities Detailed Statement ofFinancial Activities Detailed Statement ofFinancial Activities Detailed Statement ofFinancial Activities
for the Year Ended 30 Se tember 2023
30.9.23 30.9.22
INCOME AND ENDOWMENTS
Investment
income
Maintenance
contributions		 29,644 29,143
Other fixed asset invest - FII 7,911 7,629
Interest receivable - trading 149 25
37,704 36,797
Total incoming
resources		 37,704 36,797
EXPENDITURE
Charitable
activities
Rates and water 131 394
Insurance 1,197 1,261
Light and heat 277 291
Postage and stationery 142 122
General repairs &maintenance 20,726 23,259
Steward's
fees		 7,487 4,400
Subscriptions 260 209
Room hire 80 80
Professional
fees		 2,542 720
Sundries 4
321842 30,740
Support costs
Finance
Bank charges 102 112
Depreciation oftangible fixed assets 310 295
412 407
Governance
costs
Auditors'
remuneration		 for non audit work 1,440 1,200
Total resources expended 34,694 32,347
Net income before gains and losses 3,010 4,450
Realised recognised gains and losses
Realised gains/posses) on fixed asset investments 8,916
Net income 11,926 4,450
Reference and Administrative
Details
Report ofthe Trustees
Independent
Examiner's
Report
Statement ofFinancial Activities
Balance Sheet 5 to 6
Notes to the Financial
Statements		 7 to 12
Detailed Statement ofFinancial Activities 13
INDEPENDENT EXAMINER Maxwells
Chartered Accountants
4King Square
Bridgwater
Somerset
TA6 3YF
BANKERS CAP Bank
25 Kings Hill Avenue
Kings Hill
West Mailing
Kent
ME194TA

30.9.23 30.9.22
Unrestricted Restricted Total Total
funds fund funds funds
Notes
INCOME AND ENDOWMENTS FROM
Investment income 2 37,704 37,704 36,797
EXPENDITURE ON
Charitable activities
Management
7,567 7,567 4,480
Maintenance 20,306 20406 23,259
Services 3)859 3,859 3,884
Governance costs 2)962 2,962 724
Total 34,694 34,694 32,347
Net gains/(losses) on investments 21,003 21,003 (33,717)
NET INCOME/(EXPENDITURE) 24,013 24,013 (29,267)
RECONCILIATION OF FUNDS
Total funds brought forward 404407 404@07 433,574
TOTAL FIJNDS CARRIED FORWARD 428420 428420 404,307

Balance Sheet
~30S gtem~be 2I)23
30.9.23 30.9.22
Unrestricted Restricted Total Total
funds fund funds funds
Notes
FIXEDASSETS
Tangible assets 6 248,613 24$,613 226,854
Investments 7 236,578 236,578 263,974
485,191 485,191 490,828
CURRENT ASSETS
Debtors 8 439 439 842
Cash at bank 96,944 96,944 64,9$4
97483 97&383 65,826
CREDITORS
Amounts
falling due within one year		 9 (3,507) (3,507) (1,600)
NET CURRENT ASSETS 93,876 93,876 64,226
TOTAL ASSETSLESSCURRENT
LIABILITIES 579,067 579&067 555,054
CREDITORS
Amounts
falling due ager more than one year		 10 (150,747) (150,747) (150,747)
NET ASSETS 428420 428420 404,307
FUNDS l2
Umestricted
funds:
General fund 349,988 325.975
Extraordinary
Repairs Reserve
Charitable
Fund Property
Reserve		 33,748
44,584		 33,748
~44 584
428,320 404,307
TOTALFUNDS ~428 20 404,307

INVESTM ENT INCOME
30.9.23 30.9.22
Maintenance contributions 29,644 29,143
Other fixed asset invest - FII 7,911 7,629
Interest receivable - trading 149 25
37)704 36,797

SUPPORT COSTS
Governance
Finance costs Totals
6
Services 412 1,440 1,852

5. COMPARATIVES FOR THE STATEMENT COMPARATIVES FOR THE STATEMENT OFFINANCIAL ACTIVITIES OFFINANCIAL ACTIVITIES
Unrestricted Restricted Total
fllllds fund funds
INCOME AND ENDOWMENTS FROM
Investment
income		 36,797 36,797
EXPENDITURE ON
Charitable
activities
Management
4,480 4,480
Maintenance 23,259 23,259
Services 3,884 3,884
Governance
costs		 724 724
Total 32,347 32,347
Net gains/(losses)
on investments		 (33,717) (33,717)
NET INCOME/(EXPENDITURE) (29,267) (29,267)
RECONCILIATION OFFUNDS
Total funds brought
forward		 433,574 433,574
TOTAL FUNDS CARRIED FORWARD 404,307 404,307
6. TANGIBLE FIXEDASSETS
Improvements Fixtures
Freehold to and
property property fittings
I		 Totals
COST
At I October 2022 204,674 21,870 2,945 229,489
Additions 22,069 22,069
At 30 September 2023 204,674 43,939 2,945 251,558
DEPRECIATION
At I October 2022 2,635 2,635
Charge for year 310 310
At 30 September 2023 2,945 2,945
NET BOOKVALUE
At 30 September 2023 204)674 43,939 248,613
At 30 September 2022 204,674 21,870 310 226,854

FIXEDASSETINVESTMENTS FIXEDASSETINVESTMENTS FIXEDASSETINVESTMENTS FIXEDASSETINVESTMENTS
The investments
comprise the following:
Cost 2023 2022
9,465.485 Charinco Income Shares 16,500 13,251 13,449
4,461 Charinco Income Shares 33,426 63,838 61,200
156 Charinco Income Shares 1,988 2,232 2,140
3,&77.424 Charinco Income Shares 50,007 55,487 53,194
51,123.13 Schroders Income Trust for Charities A Fund 26,336 32,790
7,030.78 Schroders Income Trust for Charities A Fund 4,147 3,437
7,615.569 FP CAF UK Equity BInc 9,000 11,543
7,000.04 Schroders The Charity Equity Fund A 31054 101769 86 220
172,458 236,577 263,973
8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
Trade debtors 592
Other debtors 250 250
Prepayments and accrued income 189
439 842
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
Other creditors 3,507 1,600
10. CREDITORS: AMOUNTS FALLING DUE AFTERMORE THAN ONE YEAR
30.9.23 30.9.22
8
Other creditors 150,747 150,747
11. LOANS
An analysis ofthe maturity ofloans is given below:
30.9.23 30.9.22
Amounts
falling due		 in more than five years:
Repayable otherwise than by instalments:
Other loans more Syrs non-instalment 150,747 150;747

MOVEM EN T IN FUNDS
Net
At movement At
1.10.22 in funds 30.9.23
Unrestricted funds
General fund 325,975 24,013 349,988
Extraordinary Repairs Reserve 33,748 33,748
Charitable Fund Property Reserve 44,584 44,584
404407 24,013 428,320
TOTAL FUNDS 404407 24,013 428,320
Incoming Resources Gains and Movement
resources expended losses in funds
Unrestricted funds
General fund 37,704 (34,694) 21,003 24,013
TOTAL FUNDS 37,704 (34,694) 21,003 24&013
Comparatives for movement in funds
Net
At movement At
1.10.21 in funds 30.9.22
Unrestricted funds
General fund 355,242 (29,267) 325,975
Extraordinary Repairs Reserve 33,748 33,748
Charitable
Fund Property Reserve		 44,584 44,584
433,574 (29,267) 404,307
TOTAL FUNDS 433,574 (29,267) 404,307
Incoming Resources Gains and Movement
resources expended losses in funds
Unrestricted funds
General fund 36,797 (32,347) (33,717) (29,267)
TOTALFUNDS 36,797 (32,347) (33,717) (29,267)

Net
At movement At
1.10.21 in funds 30.9.23
8
Unrestricted funds
General fund 355,242 (5,254) 349,988
Extraordinary Repairs Reserve 33,748 33,748
Charitable Fund Property Reserve 44,584 44,584
433,574 (5,254) 428,320
TOTAL FUNDS 433,574 (5,254) 428,320
Incoming Resources Gains and Movement
resources
I		 expended
6		 losses in funds
Unrestricted funds
General fund 74,501 (67,041) (12,714) (5,254)
TOTAL FUNDS 74,501 (67,041) (12,714) (5,254)

Detailed Statement ofFinancial Activities Detailed Statement ofFinancial Activities Detailed Statement ofFinancial Activities Detailed Statement ofFinancial Activities
for the Year Ended 30 Se tember 2023
30.9.23 30.9.22
INCOME AND ENDOWMENTS
Investment
income
Maintenance
contributions		 29,644 29,143
Other fixed asset invest - FII 7,911 7,629
Interest receivable - trading 149 25
37,704 36,797
Total incoming
resources		 37,704 36,797
EXPENDITURE
Charitable
activities
Rates and water 131 394
Insurance 1,197 1,261
Light and heat 277 291
Postage and stationery 142 122
General repairs &maintenance 20,726 23,259
Steward's
fees		 7,487 4,400
Subscriptions 260 209
Room hire 80 80
Professional
fees		 2,542 720
Sundries 4
321842 30,740
Support costs
Finance
Bank charges 102 112
Depreciation oftangible fixed assets 310 295
412 407
Governance
costs
Auditors'
remuneration		 for non audit work 1,440 1,200
Total resources expended 34,694 32,347
Net income before gains and losses 3,010 4,450
Realised recognised gains and losses
Realised gains/posses) on fixed asset investments 8,916
Net income 11,926 4,450