| AN | NUAL | REPO | RT FOR THE YEAR TO 31ssDECEMBER 2023 | |
|---|---|---|---|---|
| The Trustees; | Mrs Pauline Allen (Chairman - 5year term 10n July 2026)- Co-opted |
ofoffice to | ||
| Mr Rodney Huggins (Vice-Chairman -5 year term of otnce to 10~January 2025)—Co-opted |
||||
| Mr Michael Mitchell (5year term ofoffice to 25'" | ||||
| February 2024) —Co-opted | ||||
| Mrs Sonia Boyles (5year term ofoffice to 7'"September 2027) —Co-opted |
||||
| Mrs Jane Batts (5year term ofoffice to 26'" | February | |||
| 2024) —Co-opted | ||||
| Mrs Shelagh Flower (4year term ofoffice to31"May 2024) —Woodley Town Council |
||||
| Ms Jennifer Cheng (resigned 24~ October 2023)— | ||||
| Woodley Town Council | ||||
| Mrs Lauren McCann (4year term ofoffice to 29'" June | ||||
| 2026) —Charvil Parish Council |
||||
| Mr Abdul Loyes (4year term ofoffice ended 2023) —Wokingham Borough Council |
31"May | |||
| Mrs Kay Gilder (4year term ofoffice to 25a | May 2026) | |||
| - Woodley Town Council | ||||
| Mr Darren Smith (resigned 15aMay 2023)—Woodley |
||||
| Town Council | ||||
| Mrs Mary Holmes (16aMay 2023 to 5'"June | 2026)— | |||
| Woodley Town Council | ||||
| Mrs Jane Ainslie (1year term to 17"May 2024)— | ||||
| Wokin ham Borou h Council |
||||
| Clerk to the Trustees: | Mrs E M Fidler | |||
| Office Address: | 4 Tiverton Close | |||
| Woodley | ||||
| Reading | ||||
| RG5 3BE | ||||
| Bankers: | Lloyds Bank Pic | |||
| Brackne 1 1 | ||||
| Berkshire | ||||
| Solicitors: | Field Seymour Parkes LLP | |||
| I London Street | ||||
| Reading | ||||
| RGI 4PN | ||||
| Architect: | Christo her Ta |
RIBA | ||
| Auditor and Accounting & | Tax | Advisers: Edwin Smith |
||
| 32Queens Road | ||||
| Reading | ||||
| Berkshire | ||||
| Charity Commission | registration | number: 242574 |
||
| Regulator ofSocial | Housing | registration number: ESA2366 |
| TURNOVER | ||||||
|---|---|---|---|---|---|---|
| 78,943 | Gross maintenance charges receivable |
88,970 | ||||
| 2,177 | Less: Voids | 1,341 | ||||
| 76,766 | Net maintenance charges |
87,629 | ||||
| 13,884 | Utility charges receivable | 17,989 | ||||
| 280 | Storage unit rents received | 280 | ||||
| 90,930 | 105,898 | |||||
| OPERATING COSTS | ||||||
| 36,594 | Services | 37,207 | ||||
| 10,241 | Management | 10,182 | ||||
| 58,244 | Routine maintenance | 47,790 | ||||
| Extraordinary repairs |
||||||
| 105,079 | 95,179 | |||||
| (14,149) | OPERATING SURPLUS (DEFICIT) | 10,719 | ||||
| (70,166) | Profit/(Loss) on revaluation offixed asset investments |
47,186 | ||||
| Profit/(Loss) on revaluation ofproperty |
investments | (note 20i)) | ||||
| 36,022 | Interest receivable and other |
income (note 10) | 37,386 | |||
| Interest payable and similar charges | ||||||
| (48,294) | Surplus(Deficit) on ordinary |
activities before taxation | 95,291 | |||
| Taxation on surplus on ordinary |
activities (note 12) | |||||
| (48,294) | GROSS SURPLUS (DEFICIT)FOR THE YEAR | 95,291 | ||||
| (7,794) | RELIEFIN NEED GRANTS | k | DONATIONS | (5,568) | ||
| (56,088) | NET SURPLUS (DEFICIT) | FORTHE | YEAR | 89,723 | ||
| MOVEMENT ON RESERVES | ||||||
| 1,984,256 | Balance brought forward |
1,926,386 | ||||
| (56,088) | Net surplus (deficit) for the year | 89,723 | ||||
| Net transfers from/(to): | ||||||
| Building Fund | ||||||
| 1,782 | Extraordinary maintenance |
reserve | 16,836) | |||
| 1,926,386 | 1,999,273 |
| 2022 | 0 | ||
|---|---|---|---|
| FIXEDASSETS | |||
| 1,126,198 | Freehold housing properties (note 2) |
1,126,198 | |
| 165,003 1,238,333 2,529,534 |
Property Improvements (note 2) Investments (note 3) TOTAL FIXED ASSETS&INVESTMENTS |
166,841 1,333,243 |
2,626,282 |
| CURRENT ASSETS | |||
| 3,926 33,886 |
Debtors (note 4) Cash at bank and in hand |
3,093 53,039 |
|
| 37,812 | 56,132 | ||
| CURRENT LIABILITIES | |||
| (18,044) 19,768 |
Creditors - amounts falling due within one year (note 5) NET CURRENT ASSETS |
(15,790) | 40,342 |
| (12,147) | PROVISIONS FOR LIABILITIES (note 6) | (8,858) | |
| 2,537,155 | TOTAL ASSETSLESS LIABILITIES | 2,657,766 | |
| CAPITAL AND RESERVES | |||
| 610,769 1,926,386 |
DESIGNATED RESERVES (note 7) REVENUE RESERVES(note 8) |
658,493 1,999,273 2,657,766 |
| depreciation charge off13,188(202 |
1SII, | 959)arisin | g from the cu | mulative expend |
iture to 31D |
ecember 202 |
|---|---|---|---|---|---|---|
| INVESI'MENIS | Market | Market | ||||
| Cost | value | Cost | value | |||
| 2021 | 2021 | 2022 | 2022 | |||
| f | f, | 8 | ||||
| National Association ofAlmshouses |
Common | 128,801 | 430,254 | 130,583 | 435,438 | |
| Investment Fund - 4126.169Accumulation |
shares* | |||||
| Charities Official Ethical Investment | Fund | 373,872 | 396,997 | 488,523 | 457,312 | |
| 166,853.69Income Units | ||||||
| Charities Official Investment Fixed |
Interest | Fund | 125,000 | 126,216 | ||
| 95,028.13Income units | ||||||
| National Association ofAlmshouses |
Common | 107,144 | 136,868 | 107,144 | 132,603 | |
| Investment Fund - 150,156.946 Income shares |
||||||
| COIF Charities Deposit account | 37,649 | 37,649 | 37,649 | 37,649 | ||
| National Association ofAlmshouses |
Common | |||||
| Investment Fund - 198,540.308Income shares ** |
151,806 | 180,969 | 151,806 | 175,331 | ||
| 924 272 | I 308953 | 915705 | ~1238333 |
| NOTES TO THE | ACCOUNT | S FORTHE | YEAR TO 31STDECEM | BER 2022 | ||
|---|---|---|---|---|---|---|
| 8 | REVENUE RESERVES | 2021 | 2022 | |||
| f. | ||||||
| Balance at beginning ofyear | 1,906,507 | 1,984,256 | ||||
| Surplus (Loss) for year | 89,504 | (56,088) | ||||
| Profit/(Loss) on investments |
revaluation | to designated | reserves | |||
| Transfer to/from Designated | Reserves | (11,755) | (1,782) | |||
| Balance at end ofyear | 1,984,256 | 1,926,385 | ||||
| 9 | OFFICERS' AND SENIOR | EXECUTIVES' EMOLUMENTS | ||||
| The only person receiving emoluments | was the clerk to the trustees. The clerk' s | |||||
| remuneration for the year to |
31stDecember 2022 was f12,893. | |||||
| 10 | INTEREST RECEIVABLE | AND OTHER INCOME | 2021 f |
2022 f |
||
| Net income from 223 Loddon Bridge Road (see note 10) | 8,892 | 8,147 | ||||
| Interest and dividends on investments |
25,431 | 26,834 | ||||
| Other income | 864 | 1,041 | ||||
| 35,187 | 36,022 | |||||
| 11 | INCOME FROM PROPERTY - 223 Loddon Bridge | Road, Woodley | 2021 f |
2022 f |
||
| Rental income | 11,810 | 12,101 | ||||
| Valuation | (480) | |||||
| Decorating &repairs | (1,641) | (2,165) | ||||
| Less agents commission and |
disbursements | (1,277) | (1,309) | |||
| 8,892 | 8,147 |
| RVICES | |||
|---|---|---|---|
| Salaries Property & Indemnity Water charges Bank charges |
insurance | 8,595 2,260 4, 134 133 |
|
| 15,122 | |||
| Heating Electricity Cleaning Garden Communication care |
10,350 2,676 2,600 3,026 2,821 |
||
| 36,594 | |||
| ANAGEMENT | |||
| Secretarial Almshouse Association Postage, stationery and Audit and accountancy Sundries |
subscription clerk's expenses |
4,298 360 525 2,302 2,756 |
|
| 10,241 |
| AN | NUAL | REPO | RT FOR THE YEAR TO 31ssDECEMBER 2023 | |
|---|---|---|---|---|
| The Trustees; | Mrs Pauline Allen (Chairman - 5year term 10n July 2026)- Co-opted |
ofoffice to | ||
| Mr Rodney Huggins (Vice-Chairman -5 year term of otnce to 10~January 2025)—Co-opted |
||||
| Mr Michael Mitchell (5year term ofoffice to 25'" | ||||
| February 2024) —Co-opted | ||||
| Mrs Sonia Boyles (5year term ofoffice to 7'"September 2027) —Co-opted |
||||
| Mrs Jane Batts (5year term ofoffice to 26'" | February | |||
| 2024) —Co-opted | ||||
| Mrs Shelagh Flower (4year term ofoffice to31"May 2024) —Woodley Town Council |
||||
| Ms Jennifer Cheng (resigned 24~ October 2023)— | ||||
| Woodley Town Council | ||||
| Mrs Lauren McCann (4year term ofoffice to 29'" June | ||||
| 2026) —Charvil Parish Council |
||||
| Mr Abdul Loyes (4year term ofoffice ended 2023) —Wokingham Borough Council |
31"May | |||
| Mrs Kay Gilder (4year term ofoffice to 25a | May 2026) | |||
| - Woodley Town Council | ||||
| Mr Darren Smith (resigned 15aMay 2023)—Woodley |
||||
| Town Council | ||||
| Mrs Mary Holmes (16aMay 2023 to 5'"June | 2026)— | |||
| Woodley Town Council | ||||
| Mrs Jane Ainslie (1year term to 17"May 2024)— | ||||
| Wokin ham Borou h Council |
||||
| Clerk to the Trustees: | Mrs E M Fidler | |||
| Office Address: | 4 Tiverton Close | |||
| Woodley | ||||
| Reading | ||||
| RG5 3BE | ||||
| Bankers: | Lloyds Bank Pic | |||
| Brackne 1 1 | ||||
| Berkshire | ||||
| Solicitors: | Field Seymour Parkes LLP | |||
| I London Street | ||||
| Reading | ||||
| RGI 4PN | ||||
| Architect: | Christo her Ta |
RIBA | ||
| Auditor and Accounting & | Tax | Advisers: Edwin Smith |
||
| 32Queens Road | ||||
| Reading | ||||
| Berkshire | ||||
| Charity Commission | registration | number: 242574 |
||
| Regulator ofSocial | Housing | registration number: ESA2366 |
| TURNOVER | ||||||
|---|---|---|---|---|---|---|
| 78,943 | Gross maintenance charges receivable |
88,970 | ||||
| 2,177 | Less: Voids | 1,341 | ||||
| 76,766 | Net maintenance charges |
87,629 | ||||
| 13,884 | Utility charges receivable | 17,989 | ||||
| 280 | Storage unit rents received | 280 | ||||
| 90,930 | 105,898 | |||||
| OPERATING COSTS | ||||||
| 36,594 | Services | 37,207 | ||||
| 10,241 | Management | 10,182 | ||||
| 58,244 | Routine maintenance | 47,790 | ||||
| Extraordinary repairs |
||||||
| 105,079 | 95,179 | |||||
| (14,149) | OPERATING SURPLUS (DEFICIT) | 10,719 | ||||
| (70,166) | Profit/(Loss) on revaluation offixed asset investments |
47,186 | ||||
| Profit/(Loss) on revaluation ofproperty |
investments | (note 20i)) | ||||
| 36,022 | Interest receivable and other |
income (note 10) | 37,386 | |||
| Interest payable and similar charges | ||||||
| (48,294) | Surplus(Deficit) on ordinary |
activities before taxation | 95,291 | |||
| Taxation on surplus on ordinary |
activities (note 12) | |||||
| (48,294) | GROSS SURPLUS (DEFICIT)FOR THE YEAR | 95,291 | ||||
| (7,794) | RELIEFIN NEED GRANTS | k | DONATIONS | (5,568) | ||
| (56,088) | NET SURPLUS (DEFICIT) | FORTHE | YEAR | 89,723 | ||
| MOVEMENT ON RESERVES | ||||||
| 1,984,256 | Balance brought forward |
1,926,386 | ||||
| (56,088) | Net surplus (deficit) for the year | 89,723 | ||||
| Net transfers from/(to): | ||||||
| Building Fund | ||||||
| 1,782 | Extraordinary maintenance |
reserve | 16,836) | |||
| 1,926,386 | 1,999,273 |
| 2022 | 0 | ||
|---|---|---|---|
| FIXEDASSETS | |||
| 1,126,198 | Freehold housing properties (note 2) |
1,126,198 | |
| 165,003 1,238,333 2,529,534 |
Property Improvements (note 2) Investments (note 3) TOTAL FIXED ASSETS&INVESTMENTS |
166,841 1,333,243 |
2,626,282 |
| CURRENT ASSETS | |||
| 3,926 33,886 |
Debtors (note 4) Cash at bank and in hand |
3,093 53,039 |
|
| 37,812 | 56,132 | ||
| CURRENT LIABILITIES | |||
| (18,044) 19,768 |
Creditors - amounts falling due within one year (note 5) NET CURRENT ASSETS |
(15,790) | 40,342 |
| (12,147) | PROVISIONS FOR LIABILITIES (note 6) | (8,858) | |
| 2,537,155 | TOTAL ASSETSLESS LIABILITIES | 2,657,766 | |
| CAPITAL AND RESERVES | |||
| 610,769 1,926,386 |
DESIGNATED RESERVES (note 7) REVENUE RESERVES(note 8) |
658,493 1,999,273 2,657,766 |
| depreciation charge off13,188(202 |
1SII, | 959)arisin | g from the cu | mulative expend |
iture to 31D |
ecember 202 |
|---|---|---|---|---|---|---|
| INVESI'MENIS | Market | Market | ||||
| Cost | value | Cost | value | |||
| 2021 | 2021 | 2022 | 2022 | |||
| f | f, | 8 | ||||
| National Association ofAlmshouses |
Common | 128,801 | 430,254 | 130,583 | 435,438 | |
| Investment Fund - 4126.169Accumulation |
shares* | |||||
| Charities Official Ethical Investment | Fund | 373,872 | 396,997 | 488,523 | 457,312 | |
| 166,853.69Income Units | ||||||
| Charities Official Investment Fixed |
Interest | Fund | 125,000 | 126,216 | ||
| 95,028.13Income units | ||||||
| National Association ofAlmshouses |
Common | 107,144 | 136,868 | 107,144 | 132,603 | |
| Investment Fund - 150,156.946 Income shares |
||||||
| COIF Charities Deposit account | 37,649 | 37,649 | 37,649 | 37,649 | ||
| National Association ofAlmshouses |
Common | |||||
| Investment Fund - 198,540.308Income shares ** |
151,806 | 180,969 | 151,806 | 175,331 | ||
| 924 272 | I 308953 | 915705 | ~1238333 |
| NOTES TO THE | ACCOUNT | S FORTHE | YEAR TO 31STDECEM | BER 2022 | ||
|---|---|---|---|---|---|---|
| 8 | REVENUE RESERVES | 2021 | 2022 | |||
| f. | ||||||
| Balance at beginning ofyear | 1,906,507 | 1,984,256 | ||||
| Surplus (Loss) for year | 89,504 | (56,088) | ||||
| Profit/(Loss) on investments |
revaluation | to designated | reserves | |||
| Transfer to/from Designated | Reserves | (11,755) | (1,782) | |||
| Balance at end ofyear | 1,984,256 | 1,926,385 | ||||
| 9 | OFFICERS' AND SENIOR | EXECUTIVES' EMOLUMENTS | ||||
| The only person receiving emoluments | was the clerk to the trustees. The clerk' s | |||||
| remuneration for the year to |
31stDecember 2022 was f12,893. | |||||
| 10 | INTEREST RECEIVABLE | AND OTHER INCOME | 2021 f |
2022 f |
||
| Net income from 223 Loddon Bridge Road (see note 10) | 8,892 | 8,147 | ||||
| Interest and dividends on investments |
25,431 | 26,834 | ||||
| Other income | 864 | 1,041 | ||||
| 35,187 | 36,022 | |||||
| 11 | INCOME FROM PROPERTY - 223 Loddon Bridge | Road, Woodley | 2021 f |
2022 f |
||
| Rental income | 11,810 | 12,101 | ||||
| Valuation | (480) | |||||
| Decorating &repairs | (1,641) | (2,165) | ||||
| Less agents commission and |
disbursements | (1,277) | (1,309) | |||
| 8,892 | 8,147 |
| RVICES | |||
|---|---|---|---|
| Salaries Property & Indemnity Water charges Bank charges |
insurance | 8,595 2,260 4, 134 133 |
|
| 15,122 | |||
| Heating Electricity Cleaning Garden Communication care |
10,350 2,676 2,600 3,026 2,821 |
||
| 36,594 | |||
| ANAGEMENT | |||
| Secretarial Almshouse Association Postage, stationery and Audit and accountancy Sundries |
subscription clerk's expenses |
4,298 360 525 2,302 2,756 |
|
| 10,241 |