| Page | ||||
|---|---|---|---|---|
| Report ofthe | Trustees | 1 to | 3 | |
| Independent | Examiner's | Report | ||
| Statement of | Financial | Activities | ||
| Balance Sheet | ||||
| Notes tothe | Financial Statements | 7 to | 12 | |
| Detailed Statement ofFinancial Ac5vltles | 13 to | 14 |
| forthe Year Ended 30June 20 | 22 | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Unrestricted | Total | ||||
| Notes | funds | fundsf | |||
| INCOME AND ENDOWMENTS | FROM | ||||
| Income from charitable activities |
97,963 | 103,493 | |||
| Investment income |
29 151 | 32287 | |||
| Total | 127114 | 135,780 | |||
| EXPENDITURE ON | |||||
| Charitable activities | |||||
| Property maintenance |
170,879 | 18,302 | |||
| Management and administration |
28,893 | 25,931 | |||
| Other support items | 39123 | 36733 | |||
| Total | 238895 | 79,966 | |||
| Net gains/(losses) on investments |
~27810) | 83,816 | |||
| NET INCOME/(EXPENDITURE) | (139,591) | 139,630 | |||
| RECONCIUATION OF FUNDS |
|||||
| Total funds brought forward | 1,771,037 | 1,631,407 | |||
| TOTAL FUNDS CARRIED FORWARD | 1 631446 | 1 | 771,037 |
| BALANCE SHEET 30June 2022 |
||
|---|---|---|
| 2022 | 2021 | |
| Unrestricted | Total | |
| funds | funds | |
| Notes | ||
| FIXEDASSETS | ||
| Tangible assets | 711,958 | 684,142 |
| Investments | ||
| Investments | 441,607 | 450,877 |
| Investment property |
45000 | 45000 |
| 1,198,565 | 1,180,019 | |
| CURRENT ASSETS | ||
| Debtors | 168,111 | 186,902 |
| Investments Cash at bank |
383,757 54331 |
385,972 200516 |
| 606,199 | 773,390 | |
| CREDITORS | ||
| Amounts falling due within one year |
(15,293) | (15,051) |
| NET CURRENT ASSETS | 590 906 | 753339 |
| TOTAL ASSETSLESSCURRENT LIABILITIES |
1,789,471 | 1,938,358 |
| CREDITORS | ||
| Amounts falling due after more than one year 10 |
(158,025) | (167,321) |
| NETASSETS | 1 631445 | 1 771 037 |
| FUNDS | ||
| Unrestricted funds |
1 631446 | 1 771 037 |
| TOTALFUNDS | 1,631446 | 1 771 037 |
| estimated residual value on a straight line basis ov |
er the following years: | |
|---|---|---|
| Years | ||
| Structure | 100 | |
| Kitchen | 25 | |
| Bathroom | 30 | |
| Windows | 40 | |
| Central heating Boilers |
40 20 |
|
| INVESTMENT INCOME | ||
| 2022 | 2021 | |
| F | ||
| Income from listed investments | 29,131 | 29,257 |
| Interest on bank deposits | 20 | 3030 |
| 28 151 | 32,287 |
| ROWINGTON | ROWINGTON | ROWINGTON | ALMSHOUSE CHARIT |
|---|---|---|---|
| NOTES TO THE FINANCIAL STATEMENTS -contInued | |||
| for | the Year Ended 30June 2022 | ||
| 4. | TANGIBLE FIEDASSETS | ||
| Housing | |||
| properties | |||
| COST | |||
| At 1 July 2021 | 847,028 | ||
| Additions | 60632 | ||
| At 30June 2022 | S07 S60 | ||
| DEPRECIATION | |||
| At 1 July 2021 | 162,886 | ||
| Charge for year | 33116 | ||
| At 30June 2022 | |||
| NET BOOK VALUE | |||
| At 30June 2022 | 711,958 | ||
| At 30June 2021 | 664 142 | ||
| The Almshouses are insured forf2,620,032(2021:R2,448,628). |
|||
| 5. | FIXEDASSETINVESTMENTS | ||
| Market value at 1 July 2021 | 450,877 | ||
| Income received and re-invested Loss in fair value |
6,244 ~f5514) |
||
| Market value at30June 22 | |||
| The historical cost ofthe investments | isf406,798(2021:f400,554). | ||
| 6. | INVESTMENT PROPERTY | ||
| FAIR VALUE | |||
| At 1 July 2021 | |||
| and 30June 2022 | 45000 | ||
| NET BOOK VALUE | |||
| At 30June 2022 | 45,000 | ||
| At 30June 2021 | 45000 |
| for th | e Year Ended | 30June | 20 | 22 | |||||
|---|---|---|---|---|---|---|---|---|---|
| 7. | DEBTORS | ||||||||
| 2022 | 2021 | ||||||||
| Amounts falling due within Other debtors |
one year. | 24,600 | 24,600 | ||||||
| Prepayments | and accrued | income | 1055 | 990 | |||||
| 25656 | 25590 | ||||||||
| Amounts falling due after Other debtors |
more than one year: | 142456 | 161312 | ||||||
| Aggregate amounts |
168111 | 188902 | |||||||
| 8. | CURRENT ASSET INVESTMENTS | ||||||||
| 2022 | 2021 | ||||||||
| f | |||||||||
| Listed investments | 383757 | 386,972 | |||||||
| S. | CREDITORS: AMOUNTS | FALLING DUE NITHIN ONE YEAR | |||||||
| 2022 | 2021 | ||||||||
| F | |||||||||
| Other creditors | 697 | 805 | |||||||
| Accruals and | deferred | income | 14,596 | 14248 | |||||
| 15293 | 15051 | ||||||||
| 10. | CREDITORS: AMOUNTS | FALLING DUE AFTER MORE THAN | ONE YEAR | ||||||
| 2022 | 2021 | ||||||||
| F | |||||||||
| Accruals and | deferred | income | 158025 | 167321 | |||||
| 11. | MOVEIIENT | IN FUNDS | |||||||
| Net | Transfers | ||||||||
| movement | between | At | |||||||
| At 1.7.21 | in | funds | funds | 30.6.22 | |||||
| Unrestricted | funds | ||||||||
| General fund | 1,113,109 | (139,591) | 17,666 | 991,184 | |||||
| Permanent Endowment Extraordinary repair fund |
549,532 108,396 |
(9,270) ~8398) |
540,262 100,000 |
||||||
| 1 | 771037 | 139591 | 1 631 448 | ||||||
| TOTALFUNDS | 1 | 771 037 | ~139591) | 1631448 |
| Net moveme | nt | in funds, inc |
lud | ed in the a |
bove | are as follo | ws: | ||
|---|---|---|---|---|---|---|---|---|---|
| Incoming resources |
Resources | Gains and | Movement | ||||||
| expended f |
losses | in funds | |||||||
| Unrestricted | funds | ||||||||
| General fund | 127,114 | (238,895) | (27,810) | (139,591) | |||||
| TOTALFUNDS | 127114, | ~238895) | ~27810) | ~139591) | |||||
| Comparatives | for movement | In funds | |||||||
| Net | Transfers | ||||||||
| movement | between | At | |||||||
| At 1.7.20 | in funds | funds | 30.6.21 | ||||||
| Unrestricted | funds | ||||||||
| General fund | 1,025,628 | 139,630 | (52,149) | 1,113,109 | |||||
| Permanent | Endowment | 503,018 | 46,514 | 549,532 | |||||
| Extraordinary | repair fund | 102,761 | 5635 | 108396 | |||||
| 1 | 631407 | 139630 | 1 771 037 | ||||||
| TOTAL FUNDS | 1 | 631 407 | 139630 | 1 771 037 | |||||
| Comparative | net movement | in | funds, included | in the above are as follows: | |||||
| Incoming | Resources | Gains and | Movement | ||||||
| resources | expended | losses | in funds | ||||||
| F | |||||||||
| Unrestricted | funds | ||||||||
| General fund | 135,780 | (79,966) | 83,816 | 139,630 | |||||
| TOTAL FUNDS | 135780 | ~79966) | 83816 | 139630 | |||||
| The permanent | endowment | fund includes | funds received from the winding | up ofthe Rowington Estate |
|||||
| Charity. |
| 2022 f |
2021 | |||||
|---|---|---|---|---|---|---|
| Income shares in The |
National Association ofAlmshouses | Common | ||||
| Investment Fund |
30,397 | 31,117 | ||||
| Income units in the Charities Official Investment |
Fund | 67,660 | 65,376 | |||
| Accumulation shares |
in M&G Charifund | 142,260 | 139,654 | |||
| M&G Charibond - Common Investment |
Fund | 129,353 | 140,536 | |||
| Income shares in the |
M&G Charifund | 71 937 | 74 194 | |||
| 441,607 | 450877 |
| forthe Year Ended 30Jun | e 2 | 022 | ||
|---|---|---|---|---|
| 2022 | 2021 | |||
| F | ||||
| INCOME AND ENDOWMENTS | ||||
| Income hem charitable activities | ||||
| Income from social housing | activities | 88,667 | 93,739 | |
| Income from non social housing Grant Income |
activities | 9298 | 458 9296 |
|
| 97,963 | 103,493 | |||
| Investment income |
||||
| Income from listed investments | 29,131 | 29,257 | ||
| Interest on bank deposits | 20 | 3030 | ||
| 29 151 | 32287 | |||
| Total incoming resources |
127,114 | 135,780 | ||
| EXPENDITURE | ||||
| Charitable acthrlties |
||||
| Communal landscapes |
3,938 | 2,796 | ||
| Chimney sweeping General repairs |
400 166541 |
400 15108 |
||
| 170,879 | 18,302 | |||
| Support costs | ||||
| Finance | ||||
| Wages Pensions |
17,042 324 |
15,418 269 |
||
| Managing agent's fees |
1,806 | |||
| Subscriptions | 35 | 35 | ||
| Professional fees | 9,714 | 7,074 | ||
| Secretarial and administrative | fees | 1 778 | 1329 | |
| 28,893 | 25,931 | |||
| Other | ||||
| Insurance | 1,705 | 1,570 | ||
| Light and heat | 937 | 473 | ||
| Water and sewerage Depreciation oftangible fixed |
assets | 3,364 33117 |
3,620 30070 |
|
| 39123 | 35733 | |||
| Total resources expended | 238895 | 79966 | ||
| Net (expenditure)flncome and losses |
before gains | (111,781) | 55,814 |