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|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|
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|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|||
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||||||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|
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||||||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|
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||||||||||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|
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|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|
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|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|
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|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|
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