| Page | ||||
|---|---|---|---|---|
| Report of the Trustees |
Ito 2 | |||
| Independent Examiner's |
Report | 3 | ||
| Statement | of Financial | Activities | 4 | |
| Balance | Sheet | 5 | ||
| Notes to |
the Financial | Statements | 6 toll | |
| Detailed | Statement of Financial |
Activities | 12 |
| 31.10.24 | 31.10.23 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total funds | Total funds | |||||
| funds | funds | |||||||
| Not | ||||||||
| es | ||||||||
| INCOMING RESOURCES |
||||||||
| Incoming resources from |
charitable | activities | ||||||
| Weekly maintenance contributions |
64,200 | 64,200 | 60,481 | |||||
| Interest Received |
262 | 262 | 106 | |||||
| RESOURCES EXPENDED |
||||||||
| Charitable activities |
||||||||
| Resources expended |
25,955 | 1,503 | 27,458 | 74,414 | ||||
| Governance costs |
7,878 | 7,878 | 8,108 | |||||
| Total resources expended |
33,833 | 1,503 | 35,336 | 82,522 | ||||
| NET INCOMING RESOURCES |
BEFORE | |||||||
| TRANSFERS | 30,629 | (1,503) | 29,126 | (21,935) | ||||
| Gross transfers between |
funds | 10 | (3,683) | 3,683 | ||||
| Net incoming/(outgoing) | for the year | before | ||||||
| other recognised gains and losses |
26,946 | 2,180 | 29,126 | (21,935) | ||||
| Realised gains/(losses) on |
fixed asset | 61 ,200 | 61 ,200 | 14,644 | ||||
| investments | ||||||||
| Net income/(expenditure) | 26,946 | 63,380 | 90,326 | (7,291) | ||||
| RECONCILIATION OF |
FUNDS | |||||||
| Total funds brought forward |
106,308 | 831,959 | 938,267 | 945,558 | ||||
| TOTAL FUNDS CARRIED FORWARD |
133,254 | 895,339 | 1 028,593 | 938,267 |
| Balance Sheet |
|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| At 31 October 2024 |
|||||||||||
| 31.10.24 | 31.10.23 | ||||||||||
| Not | |||||||||||
| es | |||||||||||
| FIXED ASSETS | |||||||||||
| Tangible assets |
4 | 738,970 | 738,997 | ||||||||
| CURRENT ASSETS | |||||||||||
| Debtors | 5 | 806 | |||||||||
| Investments | 6 | 523,742 | 461,613 | ||||||||
| Cash at bank and |
in | hand | 53,887 | 27,679 | |||||||
| 578,435 | 489,292 | ||||||||||
| CREDITORS | |||||||||||
| Amounts falling |
due | within | one | year | 7 | (1,365) | (1,325) | ||||
| NET CURRENT | ASSETS | 577 070 |
487 ,967 | ||||||||
| TOTAL ASSETS |
LESS | CURRENT | |||||||||
| LIABILITIES | 1 | 16,040 | 1,226,964 | ||||||||
| CREDITORS | |||||||||||
| Amounts falling |
due | after | more | than one year | 8 | (287,447) | (288,697) | ||||
| NET ASSETS | 938,267 | ||||||||||
| FUNDS | 10 | ||||||||||
| Unrestricted funds: |
|||||||||||
| General fund I |
133,254 | 106,308 | |||||||||
| Cyclical fund |
|||||||||||
| 133,254 | 106,308 | ||||||||||
| Restricted funds: |
|||||||||||
| Capital recoupment |
fund | 2 | 301,299 | 266,181 | |||||||
| ERF | 222,444 | 195,432 | |||||||||
| Grant received from |
Corton | poor's land | trust | 371,596 | 370,346 | ||||||
| 895,339 | 831 ,959 | ||||||||||
| TOTAL FUNDS |
1 | ,028 593 |
938,267 |
| STAFF CO |
STS | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31.10.24 | 31.10.23 | ||||||||||||
| Wages and |
salaries | 16,442 | 14,622 | ||||||||||
| The average |
monthly | number | of | employees | during | the | year | was | as | follows: | |||
| 31.10.24 | 31.10.23 | ||||||||||||
| Wardens | 1 |
| New | Cottage | Fixtures | and | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Almshouses | homes | Cottage | fittings | Totals | |||||
| improvements | homes | ||||||||
| COST | |||||||||
| At | I November | 2023 | 365,437 | 97,359 | 276,051 | 7,243 | 746,090 | ||
| Additions | |||||||||
| At | 31 | October | 2024 | 365,437 | 97,359 | 276,051 | 7 | 243 | 746,090 |
| DEPRECIATION | |||||||||
| At | I November | 2023 | 7,093 | 7,093 | |||||
| Charge | for year | 27 | 27 | ||||||
| At | 31 | October | 2024 | 7,120 | 7,120 | ||||
| NET BOOK VALUE | |||||||||
| At | 31 | October | 2024 | 365,437 | 97,359 | 276,051 | 123 | 738,970 | |
| At | 31 | October | 2023 | 365,437 | 97,359 | 276,051 | 150 | 738,997 |
| 2024 | ||||||||
|---|---|---|---|---|---|---|---|---|
| Valuation I |
November | 2023 | 461,612 | |||||
| Additions | 930 | |||||||
| Disposals | ||||||||
| Revaluations | 61 ,200 | |||||||
| Valuation 31 |
October | 2024 | 523,742 | |||||
| Cost | Market | Value | Income | |||||
| Received | ||||||||
| Cyclical Repair Fund |
37,379 | |||||||
| Extraordinary | Repair | Fund | ||||||
| Charities | Official | investment | Fund | 10,343 | 153,889 | |||
| Charifund | (M&G) | 35,473 | 69,129 | |||||
| Capital Recoupment | Fund | |||||||
| Charities | Official | Investment | Fund | 25,576 | 176,194 | |||
| Charifund | (M&G) | 10,500 | 80,964 | |||||
| Charities | Deposit | fund | 7,250 | 7,250 | ||||
| Charifund | Units (M&G) | 30,074 | 36,316 | |||||
| Total Investments |
156,595 | 523,742 |
| 2024 | 2023 | |||||||
|---|---|---|---|---|---|---|---|---|
| Cyclical Fund |
||||||||
| Cyclical | National | Savings | Fund | 76 | ||||
| 76 | ||||||||
| Extraordinary | Repair | Fund | ||||||
| Charities | Official | investment | Fund | 19,027 | 7,255 | |||
| Charifund | (M&G) | 8,558 | 2,573 | |||||
| 27,585 | 9,828 | |||||||
| Capital Recoupment | Fund | |||||||
| Charities | official | investment | Fund | 21,317 | 2,333 | |||
| Charifund | (M&G) | 9,759 | 2,987 | |||||
| Charifund | units (M&G) | 2,539 | 3,615 | |||||
| 33,615 | 8,935 | |||||||
| 61 ,200 | 18,839 |
| 31.10.24 | 31.10.24 | 31.10.23 | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Accruals and |
deferred | income | 1,365 | 1,325 | ||||||||||
| 8. | CREDITORS: | AMOUNTS FALLING | DUE | AFTER MORE THAN ONE | YEAR | |||||||||
| 31.10.24 | 31.10.23 | |||||||||||||
| Other creditors |
287,447 | 288,697 | ||||||||||||
| 9. | ANALYSIS | OF | NET | ASSETS BETWEEN | FUNDS | |||||||||
| 31.10.24 | 31.10.23 | |||||||||||||
| Unrestricted Restricted |
Total | funds | Total funds |
|||||||||||
| funds funds |
||||||||||||||
| Fixed assets |
79,927 659,043 |
738,970 | 738,997 | |||||||||||
| Current assets |
53,887 524,549 |
578,436 | 489,292 | |||||||||||
| Current liabilities |
(1,366) | (1 ,366) | (1,325) | |||||||||||
| Long term liabilities |
(287,447) | (287,447) | (288,697) | |||||||||||
| 132,448 896, 145 |
938,267 | |||||||||||||
| 10. | MOVEMENT | IN | FUNDS | |||||||||||
| Net movement | Transfers | |||||||||||||
| At | 1.1 1.23 in funds |
between | funds | At31.10.24 | ||||||||||
| Unrestricted | funds | |||||||||||||
| General fund |
I | 106,308 30,629 |
(3,683) | 133,254 | ||||||||||
| Cyclical fund |
||||||||||||||
| 106,308 30,629 |
(3,683) | 133,254 | ||||||||||||
| Restricted funds |
||||||||||||||
| Capital recoupment |
fund | 2 | 266,181 33,615 |
1 ,503 | 301,299 | |||||||||
| ERF | 195,432 26,082 |
930 | 222 | |||||||||||
| Grant received | from | Corton poor'sland | trust | 370,346 | 1250 | 371,596 | ||||||||
| 83 1 ,959 59,697 |
3,683 | 895,339 | ||||||||||||
| TOTAL FUNDS |
938,267 90,326 |
| Incoming | Resources | Gains | and | Movement in |
||||||
|---|---|---|---|---|---|---|---|---|---|---|
| resources | expended | losses | funds | |||||||
| Unrestricted | funds | |||||||||
| General | fund | I | 64,462 | (33,833) | 30,629 | |||||
| Cyclical | fund | |||||||||
| 64,462 | (33,833) | 30,629 | ||||||||
| Restricted | funds | |||||||||
| Capital | recoupment | fund | 2 | 33,615 | 33,615 | |||||
| ERF | (l ,503) | 27,585 | 26,082 | |||||||
| (1,503) | 61 | ,200 | 59,697 | |||||||
| TOTAL | FUNDS | 64,462 | 61 | 200 | 90,326 |
| 31.10.24 | 31.10.23 | |||||
|---|---|---|---|---|---|---|
| INCOMING RESOURCES |
||||||
| Incoming resources from |
charitable | activities | ||||
| Weekly maintenance contributions |
64,080 | 60,480 | ||||
| Guest room income |
120 | |||||
| Bank interest receivable |
262 | 106 | ||||
| 64,462 | 60,586 | |||||
| Total incoming resources |
64,462 | 60,586 | ||||
| RESOURCES EXPENDED |
||||||
| Charitable activities |
||||||
| Warden's salary |
16,442 | 14,622 | ||||
| Repairs & maintenance | 4,399 | 54,735 | ||||
| Donations | 20 | |||||
| Insurance | 984 | 1,356 | ||||
| Gardening | 3,666 | 2,610 | ||||
| WDC warden call |
1,940 | 1,043 | ||||
| Depreciation | 27 | 27 | ||||
| 27,458 | 74,413 | |||||
| Governance costs |
||||||
| Secretary's remuneration |
4,885 | 5,253 | ||||
| Subscriptions & course |
fees | 477 | 303 | |||
| Accountancy | 1,235 | 1,179 | ||||
| Telephone & postage |
920 | 591 | ||||
| General & travelling | 361 | 782 | ||||
| 7,878 | 8,108 | |||||
| Total resources expended |
35,336 | 82,521 | ||||
| Net income before gains |
and losses | 29,126 | (21,935) | |||
| Realised recognised gains |
and losses | |||||
| Realised gains/(losses) |
on | fixed asset | investments | 61 ,200 | 14,644 | |
| Net income | 90,326 | (7-,291) |