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|Trustees'|Annual<br>Report|Annual<br>Report|
|---|---|---|
|Statement|of Trustees'|Repsonsibilities|
|Independent<br>Examiner's||Report|
|Statement|of Financial|Activities|
|Balance Sheet|||
|Notes to|the Accounts||





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|OTTAGES<br>NT OF FINANCIAL ACTIVITIES<br>|OTTAGES<br>NT OF FINANCIAL ACTIVITIES<br>|OTTAGES<br>NT OF FINANCIAL ACTIVITIES<br>|OTTAGES<br>NT OF FINANCIAL ACTIVITIES<br>|||
|---|---|---|---|---|---|
|YEAR ENDED 31DECEMBER 2022|||||PAGE 6|
|||||2022|2021|
||||||2|
|INCOME (all unrestricted)||||||
|Rents||||46,554|46,872|
|Charities deposit fund||interest||9||
|NAACIF income shares||||244|230|
|Clarke Foundation|||||6,500|
|Somerset<br>Community||Foundation|||10,000|
|Bernard Sunley Grant|||||5,000|
|Sale of storage<br>unit|||||800|
|TOTAL RECEIPTS||||46,807|69,402|
|EXPENDITURE (all|unrestricted)|||||
|Water and drainage|rates|||1,225|1,156|
|Outside<br>lighting||||505|511|
|Gas||||1,668|2,698|
|Insurance||||1,561|1,410|
|Property maintenance||||4,392|2,535|
|Garden<br>maintenance||||4,761|3,580|
|Repairs<br>& maintenance||||4,041|72,615|
|National<br>Association|of Almshouses|||187|182|
|Clerk's fees||||6,000|6,000|
|Accountancy||||960|960|
|Professional<br>fees||||720|480|
|General expenses||||246|327|
|Piper lifeline||||374|374|
|TOTAL EXPENDITURE||||26,640|92,828|
|Net Surplus/(deficit)|for the year|||20,167|(23,426)|
|Unrestricted<br>funds<br>B/F||||41,158|64,584|
|Unrestricted<br>funds C/F||||61,325|41,158|
|Revaluation<br>Reserve|movement|||(1,324)|7,355|
|Unrestricted<br>Revaluation|||Reserve B/F|969,334|961,979|
|Unrestricted<br>Revaluation|||Reserve C/F|968,010|969,334|
|Total funds||||1,029,335|1,010,492|





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||||||||||2021|
|---|---|---|---|---|---|---|---|---|---|
||ASSETS|||||||||
||FIXEDASSETS|||||||||
||Freehold property||||||971,617||971,617|
||Less social housing|grant|||||(35,717)||(35,717)|
||||||||935,900||935,900|
||CURRENT ASSETS|||||||||
||Debtors and prepayments||5|||||||
||Investments||8||||52,407|53,731||
||Cash at bank||||||64,796|50,938||
||COIF deposit funds||||||892|883||
||||||||118,095||105,552|
||||||||1,053,995||1,041,452|
||LIABILITIES|||||||||
||CREDITORS||||||(24,660)||(30,960)|
||||||||1,029,335||1,010,492|
||REPRESENTED BY|||||||||
||Retained<br>earnings||||||61,325||41,158|
||Revaluation<br>Reserve||||||968,010||969,334|
||||||||1,029,335||1,010,492|
||APPROVED ON BEHALF OF THE|||TRUSTEES:||||||
||,„„„,<br>.........Trustee<br>Mr T Hannah<br>. <br>Mr||||||,~.~TrET<br> J Attwater|||
|f|8. , ./ET/Z3. DATE.|||.|+I.'.|.5.. .~23...DATE||||





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|4.|FIXEDASSETS||Total|
|---|---|---|---|
||||B|
||VALUATION|||
||At 1 January 2022||971,617|
||At 31 December 2022||971,617|
||Less|||
||SOCIAL HOUSING|GRANT||
||At 1 January 2022 and 31 December 2022||35,717|
||NET BOOK VALUE|||
||At1 January2022||935,900|
||At 31 December 2022||935,900|





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|Accountancy||960|960|
|---|---|---|---|
|Loan From Almshouses|Association|23,700|30,000|
|||24,660|30,960|



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|||COST|||
|---|---|---|---|---|
|NAACIF|Accumulation|11,798|46,254|45,891|
|NAACIF|Income|2,731|6,153|7,840|
||||52,407|53,731|



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