## ## |Trustees Annual Report||| |---|---|---| |Reference and Administrative|Details|| |Structure,
Governance
and Management||| |Objectives and Activities||6-9| |Achievements
and Performance||10-17| |Financial Review||18-19| |Plans for Future Periods||20| |Trus~s Responsibilities||| |Financial Statements||| |Auditors
Report||21-23| |Statement of Financial
Activities||| |Balance Sheet||| |Cash Flow Statement||| |Notes to Cash Flow Statement||| |Notes forming part ofthe Financial Statements||| # # ## ## ## ## ## ## ## ## ## ## ## ## ## # ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Analysis|ofincome|and expencNture|before unreallsed|gains and losses| |---|---|---|---|---| |||2018-22||| ||Year|Income|Expenditure|Surptus I
iDeficlt)| ||2018|E626,224|E857,394|E(231,170)| ||2019|E622,301|E600,245|E22,056| |||E585,944|E527,172|f38,772| ||2021|E628,611|E559,309|E69.502| ||2022|E679,188|E635,909|E43,279| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||||2022|2021| |---|---|---|---|---|---|---|---|---| |||||Unrestricted|Restricted|Endowment|Total|Total| ||||Notes|funds
6|funds
6|fundf|funds
6|funds
6| |INCOME AND ENDOWMENTS||||||||| |FROM||||||||| |Donations
and legames||||||||500| |Charitable
activities|||5|||||| |Almshouses||||133,935|||133,935|119,688| |Investment
income|||4|3 5 90|13,799|206.204|545 53|506,623| |Total||||45912|73700|206204|670100|628811| |EXPENDITURE ON||||||||| |Raising funds|||6|130,560|2,202|78|132,840|131,907| |Charitable
activities|||7|||||| |Almshouses||||196,966|||196,966|143,589| |Grant making||||264,720|||264,720|241,809| |Governance||||41 303|||~1 303|42 004| |Total||||633629|2202|78|635909|559309| |Net gains/(losses)
investments|on||~600 534)||222 466|~774 033)|~7207 101)|1 3 2204| |NET INCOME/(EXPENDITURE)
7
1
9
I
4|||19|(874,038)
211 13|234,063|(567,847)
~2117 3)|(1,207,822)|1,441,796| |Net movement
In|funds|||(662,325)|234,063|(779,560)|(1,207,822)|1,441,796| |RECONCILIATION|OF FUNDS|||||||| |Total funds brought|forward|||7,280,964|1,673,172|7,977,099|16,931,235|15,489,439| |TOTAL FUNDS CARRIED||||||||| |FORWARD||||6610.639|1.907.235|7197539|1 .23.413|16,931,235| ## ## |||||||2022|2021| |---|---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Endowment|Total|Total| |||Notes|funds|funds
f|fund
f|funds
f|funds
f.| |FIXEDASSETS|||||||| |Tangible assets||13|415,003|1,445,000||1,860,003|1,485,003| |Investments|||||||| |Investments||14|5,902,884|462,235|5,882,539|12,247,658|13,849,331| |Investment
property||15|||1 315000|1 315000|1 260000| ||||6,317,887|1,907,235|7,197,539|15,422,661|16,599,334| |CURRENT ASSETS|||||||| |Debtors||16|29,315|||29,315|26,237| |Cash at bank and|in hand||448,295|||448,295|463,090| ||||477,610|||477,610|489,327| |CREDITORS|||||||| |Amounts
falling due within one|||||||| |year||17|(156,858)|||(156,858)|(137,426)| |NET CURRENT ASSETS|||320 702|||320 752|351 901| |TOTAL ASSETS|LESS||||||| |CURRENT LIABILITIES|||6,638,639|1,907,235|7,197,539|15,743,413|16,951,235| |CREDITORS|||||||| |Amounts
falling due after more|||||||| |than one year||18|(20,000)|||(20,000)|(20,000)| |NET ASSETS|||6,610.639|907 235|7,197,539|15,723,413|16,931,235| |FUNDS||19|||||| |Unrestricted
funds||||||6,618,639|7,280,964| |Restncted funds||||||1,907,235|1,673,172| |Endowment
funds||||||7 197539|7,977,099| |TOTALFUNDS||||||15723413|16931235| ## ## ||||2022|2021| |---|---|---|---|---| |||Notes||| |Cash flows from operating
activities
Cash generated
from operations|||~575381)|~528,237)| |Net cash used
in operating
activities|||~575,381)|~528 237)| |Cash flows from investing
activities||||| |Purchase offixed asset investments|||(132,084)|| |Sale offixed asset investments|||57,656|56,757| |Interest received|||~428 828|399,950| |Net cash provided
by investing
activities|||~354400|~456707| |Cash flows from financing
activities||||| |Income attributable
to endowment
Expenditure
attributable
to endowment|||206,264
~78)|192,836| |Net cash provided
by financing
activities|||~206186|192,836| |Change
In cash and cash equivalents|In|||| |the reporting
period|||(14,795)|121,306| |Cash and cash equivalents
at the
beginning
ofthe reporting
period|||~463090|341,784| |Cash and cash equivalents
at the end
the reporting
period|of||~448 295|463,090| ## ## |RECONCILIATION
OF NET (EXPENDITURE)
ACTIVITIES|/INCOME
TO NET CASH F|LOW FROM OPERATI|NG| |---|---|---|---| |||2022f|2021f| |Net (expenditure)/Income
for the reporting|period (as per the||| |Statement of Financial Activities)||(1,207,822)|1,441,796| |Ad]ustments
for:|||| |Losses/(gain)
on investments||1,251,101|(1,372,294)| |Interest received||(428,828)|(399,950)| |Income attributable
to endowment||(206,264)|(192,836)| |Expenditure
attributable
to endowment||78|| |(Increase)/decrease
in debtors
Increase/(decrease)
in creditors||(3,078)
~19432|7,964
~12,917)| |Net cash used in operations||~575 381)|~528,237)| ## |ANALYSIS OF CHANGES
IN NET FUNDS|||| |---|---|---|---| ||At 1/1/22|Cash flow|At 31/12/22| ||6||6| |Net cash|||| |Cash at bank and in hand|~463090|~14795)|~448 295| ||~463090|~14795)|448,295| |Total|~463090|~14795)|~448 295| ## ## ## ## ## ## |sUpport co|sts.|sts.||||| |---|---|---|---|---|---|---| |Allocation|and apportionment||ofcosts|||| |Support costs represent||the general
management|||and administration|costs of the charity. They are allocated to| |the relevant|cost category on the||basis oftime|incurred as follows:||| |Raising funds:||||||| |||Financial|investments|||100/| |||Investment
properties||||10'/| |||Weekly|maintenance|contributions||5%| |Charitable|activities:|||||| |||Grant making||||25%| |||Alms houses||||25%| |Governance||||||25%| ## ## ## ## ## ## ## ||contract that e|contract that e|vidences
a residual
interest
in the assets ofthe co|vidences
a residual
interest
in the assets ofthe co|mpany
after deducting
all ofIts ha|bilitles.| |---|---|---|---|---|---|---| ||DONATIONS||AND LEGACIES|||| ||||||2022|2021| ||||||6|6| ||Donations|||||500| |4.|INVESTMENT||INCOME|||| ||||||2022|2021| ||||||6|6| ||Rents received||||116,425|108,673| ||Dividends|and|interest||~428 828|399,950| ||||||~545 253|508,623| |5.|INCOME|FROM CHARITABLE ACTIVITIES||||| ||||||2022|2021| |||||||Total| ||||||Almshouses|activities| |||||||6| ||Weekly maintenance|||contributions|~133935|~119 688| ## ||RAISING FUNDS|RAISING FUNDS|||||||| |---|---|---|---|---|---|---|---|---|---| ||Raising donations||and|legacies|||||| |||||||||2022f|2021f| ||Investment
management|||fees||||69,594|69,066| ||Maintenance|expenses||||||15,028|16,246| ||Establishment|expenses||||||7,702|8,482| ||Other costs
Legalfees|||||||8,874
~1211|8,040
1,209| |||||||||~102 409|103,043| ||Other trading|activities|||||||| |||||||||2022f|2021f| ||Support costs|||||||~18 259|17,318| ||fnvestment
management|||costs|||||| |||||||||2022f|2021f| ||Support costs|||||||~12 172|~tt 546| ||Aggregate
amounts|||||||~132 840|131,907| |7.|CHARITABLE ACTIVITIES COSTS||||||||| |||||||Grant|||| |||||||funding|of||| |||||||activities||Support|| ||||||Direct|(see note||costs (see|| ||||||Costs
f.|8)f||note 9)
f.|Totals
f| ||Almshouses||||166,534|||30,432|196,966| ||Grant making|||||234,288||30,432|264,720| ||Governance|||||||~41 383|41,383| ||||||~166 534|~234 288||~102 247|~503069| |8.|GRANTS PAYABLE||||||||| |||||||||2022
6|2021f| ||Grant making|||||||~234 288|212,945| ## ||GRANTS PAYA
The total grants|BLE -
paid to|continued
institutions|during|the year was as follows:|||| |---|---|---|---|---|---|---|---|---| ||||||||2022f|2021f| ||Sport, recreation|and leisure|||||58,956|25,450| ||Education
and youth development|||||||31,575| ||Voluntary
groups|—Buildings|||||19,000|14,820| ||Voluntary
groups|—Equipment|||||7,000|7,918| ||Voluntary
groups|- Overheads|||||21,500|4,500| ||Faith||||||11,000|9,000| ||Community,
environment
Grants awarded
but not||and heritage
taken up or withdrawn||||34,647|~5992)| ||||||||152,103|87,271| ||The total grants|paid to|individuals|during|the year was as follows:|||| ||||||||2022f|2021f| ||Relief in need||||||37,101|63,974| ||Bursaries||||||44,500|60,000| ||Education
and youth development||||||584|1,700| ||||||||~82 185|125,674| |9.|SUPPORT COSTS|||||||| ||||||||Governance|| |||||||Management
f|costs
f|Totals| ||Other trading
activities|||||18,259||18,259| ||Investment
management||costs|||12,172||12,172| ||Alms houses|||||30,432||30,432| ||grant making|||||30,432||30,432| ||Governance|||||~30 432|10,951|~41 383| |||||||121,727|~10 951|132,678| |Support costs, induded
in the above, are as|follows:||| |---|---|---|---| |Management|||| ||Other|Investment|| ||trading|management|| ||activities
f|costs
f|Alms houses
f| |Clerk's remuneration|16,710|11,140|27,850| |Bank charges|63|42|105| |Other costs|1,486|990|2,477| ||~18 259|~12 172|~30 432| ## ## ## ## ## ## |||2022f|2021| |---|---|---|---| |Wages
Other|and salaries
pension costs|28,964
495|27,521
432| |||~29 459|27,953| |12.|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES|||| |---|---|---|---|---|---|---|---| ||||Unrestricted|Restncted||Endowment|Total| ||||funds
f|funds
f||fundf|fundsf| ||INCOME AND ENDOWMENTS|FROM|||||| ||Donations
and legacies||500||||500| ||Charitable
activities||||||| ||Almshouses||119,688||||119,688| ||Investment
income||303,479|12,308||192,836|508,623| ||Total||423667|12.308||192,836|628,811| ||EXPENDITURE ON||||||| ||Raising funds||129,775|2,132|||131,907| ||Charitable
actlvides||||||| ||Almshouses||143,589||||143,589| ||Grant making||241,809||||241,809| ||Governance||42,004||||42,004| ||Total||557 177|2,132|||559,309| ||Net gains on investments||658,131|49,980||884783|1372294,| ||NET INCOME
Transfers
between funds||524,621
192836|60,156||857,019
~7928367|1,441,796| ||Net movement
in funds||717,457|60,156||664,183|1,441,796| ||RECONCILIATION
OF FUNDS||||||| ||Total funds brought
forward||6,563,507|1,613,016||7,312,916|15,489,439| ||TOTAL FUNDS CARRIED FORWARD||7.280964|1673.1|2|97099|. 6.93
.235| |13.|TANGIBLE FIXEDASSETS||||||| |||||Freehold||Computer|| |||||properly
f||equipment
f|Totals
f| ||COST OR VALUATION||||||| ||At 1 January 2022
Revaluations|||1,485,000
~375000||1,583|1,486,583
~375000| ||At 31 December 2022|||~1860000||1,583|~1861583| ||DEPRECIATION
At 1 January 2022 and 31 December 2022|||||~1580|~1580| ||NET BOOK VALUE||||||| ||At 31 December 2022|||~1860,000|||~1860003| ||At 31 December 2021|||~1,485000|||~1485003| ## |Cost or v|alua|tion
at 31 December 2022 is|represented
by:||| |---|---|---|---|---|---| ||||Freehold|Computer|| ||||property|equipment|Totals| ||||6|6|6| |Valuation
Valuation|in
in|2017
2022|1,485,000
~375000|1,583|1,486,583
~375000| ||||~1860000|~1583|~1861583| ## ## |||||||Cash and|| |---|---|---|---|---|---|---|---| ||||||Listed|settlements|| ||||||investments
6|pending
f|Totals
6| |MARKET VALUE|||||||| |At 1 January|2022||||13,644,530|204,801|13,849,331| |Additions|||||2,521,251|(2,389,167)|132,084| |Dieposals|||||(2,604,253)|2,604,253|| |Revaluations|||||(1,676,101)||(1,676,101)| |Accumulated|income|||||428,424|428,424| |Management
Withdrawals|fees|||||(69,594)
~40486)|(69,594)
~406406)| |At 31 December 2022|||||11005427|302231|12247 650| |NET BOOK|VALUE||||||| |At 31 December 2022|||||||| |At 31 December 2021|||||3,044.530|204,0D1|13049331| |There were|no investment||assets outside the UK.||||| |Cost or valuation||at 31 December 2022 is represented||by:|||| |||||||Cash and|| ||||||Listed|settlements|| ||||||investments
6|pending
6|Totals
f| |Valuation
brought||forward|2019||11,848,430|107,081|11,955,511| |Valuation
in|2020||||389,073|189,210|578,283| |Valuation
in
Valuation
in|2021
2022||||1,407,027
~0750003|(91,490)
107400|1,315,537
~00006 3)| ||||||11 005 427|362 2.31|12. 4
650| ## ## |FAIR VALUE|| |---|---| |At 1 January 2022
Revaluation|1,265,000
~50000| |At 31 December 2022|~1315,000| |NET BOOK VALUE|| |At 31 December 2022|~1315000| |At 31 December 2021|1,265,000| ||Fair value at 31 December|Fair value at 31 December|2022 is represented|by:||f| |---|---|---|---|---|---|---| ||Valuation
in 2017
Valuation
in 2022|||||1,265,000
~50 000| |||||||1,315,000| |16.|DEBTORS:AMOUNTS|FALLING DUE WITHIN||ONE YEAR||| ||||||2022
f|2021
f| ||Rental income dus||||20,100|18,375| ||Rental deposits||||3,345|3,345| ||Prepayments||||5,870|4,517| ||||||~29 315|26 237| |17.|CREDITORS: AMOUNTS||FALLING DUE WITHIN ONE YEAR|||| ||||||2022|2021| ||||||f|| ||Trade creditors||||36,638|36,652| ||Social security and other taxes||||562|508| ||Grants payable||||82,283|53,059| ||Deferred
income
—rents in||advance||11,396|10,288| ||Other creditors||||5,300|5,460| ||Accruals and deferred|income|||~20 679|31,459| ||||||~156858|~137426| |18.|CREDITORS: AMOUNTS||FALLING DUE AFTER MORE THAN ONE YEAR|||| ||||||2022
f|2021
f| ||Grants payabls||||~20 000|~20 000| ## |MOVEMENT
IN FUN|DS|||||| |---|---|---|---|---|---|---| |||||Net|Transfers|| |||||movement|between|At| ||||At 1/1/22
f|in funds
f|funds
f.|31/12/22
f| |Unrestricted
funds||||||| |General
fund|||1,039,868|(169,004)|211,713|1,082,577| |Almshouses
fund|||320,000|95,000||415,000| |Extraordinary
Repair|Top-up fund||259,940|||259,940| |Cyclical Maintenance
Grants fund|fund||19,970
5,641186|(5,500)
~94 534)||14,470
4,846,652| ||||7,280,964|(874,038)|211,713|6,618,639| |Restricted funds||||||| |Almshouse
fund
Extraordinary
Repair|fund||1,028,020
845 152|280,000
~45 937)||1,308,020
599215| ||||1,673,172|234,063||1,907,235| |Endowmentfunds||||||| |Capital fund|||7,977,099|(567,847)|(211,713)|7,197,539| |TOTAL FUNDS|||6,931 235|~1207822)||15723413| |Net movement
in funds,||included|in the above are as follows:|||| ||||Incoming|Resources|Gains and|Movement| ||||resources
f|expended
f|losses
f|in funds
f| |Unrestricted
funds||||||| |General
fund|||459,125|(628,129)||(169,004)| |Almshouses
fund|||||95,000|95,000| |Cyclical Maintenance
Grants fund|fund|||(5,500)|~794,534)|(5,500)
~794,534)| ||||459,125|(633,629)|(699,534)|(874,038)| |Restricted funds||||||| |Almshouse
fund
Extraordinary
Repair|fund||~13799|~2202)|280,000
~57534)|280,000
~45937)| ||||13,799|(2,202)|222,466|234,063| |Endowment
funds||||||| |Capital
fund|||206,264|(78)|(774,033)|(567,847)| |TOTAL FUNDS|||679,188|~635,909)|~1251,101)|~1207822)| ## ## |Comparatlve|s
for m|ovement
in funds||||| |---|---|---|---|---|---|---| |||||Net|Transfers|| |||||movement|between|At| ||||At 1/1/21|in funds|funds|31/12/21| ||||6||6|f| |Unrestricted|funds|||||| |General
fund|||958,542|(111,510)|192,836|1,039,868| |Almshouses|fund||320,000|||320,000| |Extraordinary|Repair|Top-up fund|259,940|||259,940| |Cyclical Maintenance||fund|41,970|(22,000)||19,970| |Grants fund|||4 903055|650 131||5041 106| ||||6,563,507|524,621|192,836|7,280,964| |Restricted funds||||||| |Almshouse|fund||1,028,020|||1,028,020| |Extraordinary|Repair|fund|584.996|00 156||645,152| ||||1,613,016|60,156||1,673,172| |Endowment|funds|||||| |Capital fund|||7,312,916|857,019|(192,836)|7,977,099| |TOTAL FUNDS|||15409438|1441198||16931 235| |Compar|ative|net mov|ement
in funds,
in|cluded
in the above are a|s follows:||| |---|---|---|---|---|---|---|---| |||||Incoming|Resources|Gains and|Movement| |||||resources|expended|losses|in funds| |||||F||E|F| |Unrestricted||funds|||||| |General|fund|||423,667|(535,177)||(111,510)| |Cyclical
Grants|Maintenance
fund||fund||(22,000)|~658 131|(22,000)
658,131| |||||423,667|(557,177)|658,131|524,621| |Restricted funds|||||||| |Extraordinary||Repair|fund|12,308|(2,132)|49,980|60,156| |Endowmentfunds|||||||| |Capital|fund|||192,836||664,183|857,019| |TOTAL|FUNDS||||||| ## ## ## ## ##