| Contents | Page | |
|---|---|---|
| Reference and administration details |
||
| Trustees report | ||
| Statement ofTrustees | responsibilities | |
| Independent examiner's report |
||
| Statement offinancial | activities | |
| Balance sheet | ||
| Notes to the financial | statements | 7 —12 |
| Charity name | Charity name | The Twyford | Trust | |||
|---|---|---|---|---|---|---|
| Registered | charity | number | 249627 | |||
| Charity's | principal | address | Knightshayes | Estate Ofhce | ||
| Leat Street | ||||||
| Tiverton | ||||||
| Devon | ||||||
| EX165LF | ||||||
| Trustees | Sir lan Heathcoat Amory (Chair) | |||||
| Mrs BJHill (Resigned | 14June 2022) | |||||
| BTVickery | ||||||
| Mrs A Owen | ||||||
| MJGratton | ||||||
| SLLee | ||||||
| AJBritton | ||||||
| Bankers | NatWest Bank pic | |||||
| 11Fore Street | ||||||
| Tiverton | ||||||
| Devon | ||||||
| EX166LW | ||||||
| Solicitors | Ashfords | |||||
| Ashford House | ||||||
| Grenadier Road | ||||||
| Exeter | ||||||
| EX13LH | ||||||
| Independent | examiner | Mrs M Hutchings | ||||
| Apsleys | ||||||
| 21Bampton Street | ||||||
| Tiverton | ||||||
| Devon | ||||||
| EX166AA | ||||||
| Property | Managers | Knightshayes | Estate Office | |||
| Leat Street | ||||||
| Tiverton | ||||||
| Devon | ||||||
| EX165LF |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Note | Unrestricted | Restricted | Total | Total | ||
| Income from: | ||||||
| Maintenance contributions |
143,382 | 143,382 | 139,706 | |||
| Interest receivable and other income |
5 | 5 | ||||
| Other income | 100 | 100 | ||||
| Total income | 143,487 | 143,487 | 139,706 | |||
| Expenditure on: |
||||||
| Charitable activities |
7 | |||||
| Costs ofactivities in furtherance |
oftrust's objectives- | |||||
| Running and maintaining |
housing properties | 144,087 | 144,087 | 132,624 | ||
| Management and administration |
ofthe charity | 26,263 | 26,263 | 27,616 | ||
| Total expenditure | 170,350 | 170,350 | 160,240 | |||
| Net income/(expenditure) | before gains on | |||||
| investments | 26,863 | (26,863) | (20,534) | |||
| Gains on investments | ||||||
| -Realised | ||||||
| -Unrealised | (10,590) | |||||
| Net income/(expenditure) | (37,453) | (37,453) | 25,202 | |||
| Transfers between funds | ||||||
| (37,453) | (37,453) | 25,202 | ||||
| Other recognised gains: | ||||||
| on disposal oftangible fixed assets | ||||||
| Net movement in funds |
(37,453) | (37,453) | 25,202 | |||
| Total funds brought forward | 993,063 | 763,402 | 1,756,465 | 1,731,263 | ||
| Total funds carried forward | 955,610 | 763,402 | 1,719,012 | 1,756,465 |
| 2023 | 2022 | |||||||
|---|---|---|---|---|---|---|---|---|
| Note | ||||||||
| Fixed assets | ||||||||
| Tangible fixed | assets | 1,340,903 | 1,340,903 | |||||
| Investments | 403,444 | 414,034 | ||||||
| 1,744,347 | 1,754,937 | |||||||
| Current assets | ||||||||
| Debtors | 10 | 826 | 688 | |||||
| Cash at bank and | in hand | 1,870 | 23,404 | |||||
| 2,696 | 24,092 | |||||||
| Creditors: amounts |
falling | due | 28,031 | 22,564 | ||||
| within one year | ||||||||
| Net current assets | 25,335 | 1,528 | ||||||
| Total assets less current liabilities | 1,719,012 | 1,756,465 | ||||||
| Funds | ||||||||
| Unrestricted: | Designated | funds | 12 | 494,582 | 494,582 | |||
| Other unrestricted | funds | 461,028 | 523,683 | |||||
| Restricted funds | 13 | 763,402 | 763,402 | |||||
| 1,719,012 | 1,781,667 |
| 2023 | 2022 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Maintenance contributions |
receivable | 148,416 | 143,399 | |||||||
| Less Void periods | ||||||||||
| 143,382 | 139,706 | |||||||||
| 5. | Interest receivable | 2023 | 2022 | |||||||
| COIF Charities deposit interest | 2 | |||||||||
| Wayleave | 3 | |||||||||
| 6. | Other income | 2023 | 2022 | |||||||
| NatWest compensation | 100 | |||||||||
| 7. | Charitable expenditure |
|||||||||
| M~ana | ament | |||||||||
| Runnin | and | maintainin | and | |||||||
| housin | ro erties | administration | 2023 Total | 2022 Total | ||||||
| Lighting and heating |
2,744 | 2,744 | 1,610 | |||||||
| Landscape maintenance | 7,864 | 7,864 | 6,554 | |||||||
| Insurance | 4,396 | 4,396 | 4,065 | |||||||
| Examiner's remuneration |
582 | 582 | 576 | |||||||
| Rent collection and management | fees | 21,465 | 21,465 | 20,777 | ||||||
| Sundry admin expenses | 4,216 | 4,216 | 6,263 | |||||||
| Day to day maintenance | 54,872 | 54,872 | 31,101 | |||||||
| Cyclical Maintenance | 3,910 | 3,910 | 12,456 | |||||||
| Major repairs | 41,359 | 41,359 | 60,020 | |||||||
| Improvements | 28,942 | 28,942 | 16,818 | |||||||
| 144,087 | 26,263 | 170,350 | 160,240 | |||||||
| Comp aratives | 132,624 | 27,616 | 160,240 | 146,974 |
| 8. | Fixed assets for cha | rity use | ||||
|---|---|---|---|---|---|---|
| Freehold | ||||||
| ip~ro ertr | Total | |||||
| Cost | ||||||
| At 6 April 2022 and at 5April 2023 | 1,340,903 | 1,340,903 | ||||
| Depreciation | ||||||
| At 6 April 2022 | ||||||
| Charge for the year | ||||||
| At 5 April 2023 | ||||||
| Net book value 5 April 2023 | 1,340,903 | 1,340,903 | ||||
| Net book value 5 April 2022 | 1,340,903 | 1,340,903 | ||||
| Included in ireehold |
property is f88,643 worth ofland. | |||||
| 9. | Investments | |||||
| Investments consist of1781.48 units (2022: 1781.48 units) in the Charities Official Investment |
Fund. | |||||
| Valuation at 6 April |
2022 | 414,034 | ||||
| Sold | ||||||
| Realised gain | ||||||
| Net gain/(losses) on |
revaluation | (10,590) | ||||
| Valuation at 5April |
2023 | 403,444 | ||||
| Historical cost at 5 April 2023 | 213,518 | |||||
| (5April 2022 - 6213,518) | ||||||
| 10. | Debtors: amounts | falling due within one year | 2023 | 2022 | ||
| Arrears ofmaintenance contributions |
826 | 688 | ||||
| Knightshayes Estate |
Trust | |||||
| 826 | 688 | |||||
| 11. | Creditors: amounts | falling due within one year | 2023 | 2022 | ||
| Knightshayes Estate |
Trust | 27,481 | 22,014 | |||
| Accruals | 550 | 550 | ||||
| 28,031 | 22,564 |
| Designated funds |
||||
|---|---|---|---|---|
| A~t6A rii | New | A~t5A rtt |
||
| 2022 | ~desi nations | Utilised | 2023 | |
| Cyclical repairs and maintenance | 7,269 | 3,910 | (3,910) | 7,269 |
| Major repairs | 38,000 | 41,359 | (41,359) | 38,000 |
| Improvements | 28,942 | (28,942) | ||
| Charitable fund property reserve |
449,313 | 449,313 | ||
| 494,582 | 74,211 | (74,211) | 494,582 |
| 13. | Restricted funds | A~t6 A rii 2022 |
Movement | A~t5 A rii 2023 |
|
|---|---|---|---|---|---|
| Housing Association | Grant Fund | 763,402 | 763,402 | ||
| A~t6A ril |
A~t5A W |
||||
| 2021 | Movement | 2022 | |||
| Housing Association | Grant Fund | 763,402 | 763,402 |
| Analysis ofnet assets between funds |
||||
|---|---|---|---|---|
| Unrestricted | Restricted | |||
| Fund balances at 5 April 2023 are represented | by: | funds | funds | Total 2022 |
| Tangible fixed assets | 577,501 | 763,402 | 1,340,903 | |
| Investments | 403,444 | 403,444 | ||
| Current assets | 2,696 | 2,696 | ||
| Current liabilities | (28,031) | (28,031) | ||
| Total net assets | 955,610 | 763,402 | 1,719,012 |