| Page | ||
|---|---|---|
| Trustee's annual report |
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| Independent examiner's report to the trustee |
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| Statement of financial |
activities | |
| Statement of financial |
position | |
| Notes to the financial | statements | |
| The following pages | do not form part ofthe financial statements | |
| Detailed statement of |
financial activities | 13 |
| Registered | charity | name | Earsdon, Newburn |
Earsdon, Newburn |
and | Shilbottle | Almshouse | Almshouse | Charity |
|---|---|---|---|---|---|---|---|---|---|
| Charity registration | number | 512195 | |||||||
| The trustee | |||||||||
| Ex-Officio: | |||||||||
| Rev. A. Harding | Chairman | ||||||||
| J Robson | |||||||||
| Co-opted: | |||||||||
| N Bruce | |||||||||
| A Taylor | |||||||||
| W Shaw | |||||||||
| WTait | |||||||||
| Independent | examiner | J EFreeman Chartered Certified |
Accountants | ||||||
| 68Durham | Road | ||||||||
| Birtley | |||||||||
| Co Durham | |||||||||
| DH3 2QJ | |||||||||
| Bankers | Barclays Bank PLC | ||||||||
| City Office | |||||||||
| Percy Street | |||||||||
| Newcastle upon Tyne |
|||||||||
| NE1 4QL | |||||||||
| Fund Managers | Black Rock Investment 33 King William Street |
Management | (UK) Ltd | ||||||
| London | |||||||||
| EC4R 9AS |
| Year ended 31 Pece | mb | er 2022 | ||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Unrestricted | ||||||
| funds | Total funds | Total funds | ||||
| Note | R | R | ||||
| Income Maintenance contributions Investment income |
from residents | 40,161 4,677 |
40,161 4,677 |
37,415 4,524 |
||
| Total income | 44,838 | 44,838 | 41,939 | |||
| Expenditure | ||||||
| Expenditure on raising funds: Property management expenses Expenditure on charitable activities |
5 6 |
36,889 630 |
36,889 630 |
18,502 600 |
||
| Total expenditure | 37,519 | 37,519 | 19,102 | |||
| Net income | 7,319 | 7,319 | 22,837 | |||
| Other recognised gains and losses Growth/(diminution) in value of investments |
(38,782) | (38,782) | 17,763 | |||
| Net movement in funds |
(31,463) | (31,463) | 40,600 | |||
| Reconciliation offunds Total funds brought forward |
462,819 | 462,819 | 422,219 | |||
| Total funds carried forward | 431,356 | 431,356 | 462,819 | |||
| Fund balances are analysed; Revenue Reserve Revaluation Reserve Capital Reserve |
163,724 98,888 168,744 |
168,405 86,888 207,526 |
||||
| 431,356 | 462,819 |
| 31 December 20 | 2 | 2 | ||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| Note | ||||||
| Fixed assets | ||||||
| Tangible fixed assets | 9 | 111,162 | 112,431 | |||
| Investments | 10 | 243,391 | 282,173 | |||
| 354,553 | 394,604 | |||||
| Current assets | ||||||
| Debtors | 1,751 | 935 | ||||
| Cash at bank and in | hand | 79,138 | 70,995 | |||
| 80,889 | 71,930 | |||||
| Creditors: amounts | failing due within one year | 12 | {4,086) | (3,715) | ||
| Net current assets | 76,803 | 68,215 | ||||
| Total assets less current | liabilities | 431,356 | 462,819 | |||
| Net assets | 431,356 | 462,819 | ||||
| Funds ofthe charity | ||||||
| Unrestricted funds: |
||||||
| Revenue reserve | 163,724 | 168,405 | ||||
| Revaluation reserve |
98,888 | 86,888 | ||||
| Other unrestricted | income funds | 168,744 | 207,526 | |||
| Total unrestricted funds |
431,356 | 462,819 | ||||
| Total charity funds | 13 | 431,356 | 462,819 |
| Investment | income | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2022 | Funds | 2021 | |||
| Income from | iisted investments | 4,639 | 4,639 | 4,520 | 4,520 | |
| Bank interest | receivable | 38 | 38 | 4 | 4 | |
| 4,677 | 4,677 | 4,524 | 4,524 | |||
| Property management | expenses | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2022 | Funds | 2021 | |||
| Water rates | 2,358 | 2,358 | 3,232 | 3,232 | ||
| Professional | charges | 7,632 | 7,632 | 7,334 | 7,334 | |
| Repairs and | renovations | 23,284 | 23,284 | 3,?18 | 3,718 | |
| Building insurance |
1,955 | 1,955 | 1,844 | 1,844 | ||
| Property depreciation | 1,269 | 1,269 | 1,269 | 1,269 | ||
| Subscriptions | 381 | 381 | 768 | 768 | ||
| Printing, postage 8 stationery |
10 | 10 | 337 | 337 | ||
| 36,889 | 36,889 | 18,502 | 18,502 |
| Governance | costs | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Total | Funds | Unrestricted | Total | Funds | |||
| Funds | 2022 | Funds | 2021 | |||||
| 'Z | R | |||||||
| Independent | examiner's | fee | 630 | 630 | 600 | 600 |
| Tangible fixed assets | |
|---|---|
| Freehold | |
| property | |
| Cost At 1 January 2022 Transfers |
882,035 (255,137) |
| Other movements | {500,000) |
| At 31 December 2022 | 126,898 |
| Depreciation At 1 January 2022 Charge for the year |
14,467 1,269 |
| At 31 December 2022 | 15,736 |
| Carrying amount At 31 December 2022 |
111,162 |
| At 31 December 2021 | 867,568 |
| Investments | ||||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| R | ||||||
| Trust Fund | ||||||
| The Charity's Official Investment |
Fund (COIF) | 155,360 | 175,803 | |||
| 8,548.050 Income | Shares (2021 | -8,548.050shares) | ||||
| Extra-Ordinary Repair |
Fund | |||||
| Chairnco Common | Investment | Fund | ||||
| 2,008.505Accumulation | Shares | (2021 - 2,008.505shares) | 88,031 | 110,448 | ||
| 243,391 | 282,173 |
| Debtors | |||
|---|---|---|---|
| 2022 | 2021 | ||
| R | |||
| Trade debtors | 731 | ||
| Prepayments | and accrued income | 1,020 | 935 |
| 1,751 | 935 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| R | |||||||
| Trade creditors | 315 | ||||||
| Accruals and | deferred | income | 3,771 | 3,715 | |||
| 4,086 | 3,715 | ||||||
| Analysis of charitable funds | |||||||
| Unrestricted | funds | ||||||
| At | Gains and | At | |||||
| 1 Jan 2022 | Income | Expenditure | Transfers | losses 31 | Dec 2022 | ||
| R | R | ||||||
| General funds | 168,405 | 44,838 | {37,519) | (12,000) | 163,724 | ||
| Revaluation | |||||||
| reserve | 207,526 | (38,782) | 168,744 | ||||
| Revaluation | |||||||
| reserve | 86,888 | 12,000 | 98,888 | ||||
| 462,819 | 44,838 | (37,519) | (38,782) | 431,356 | |||
| At | Gains and | At | |||||
| 1 Jan 2021 | Income | Expenditure | Transfers | losses 31 | Dec 2021 | ||
| General funds | 157,568 | 41,939 | (19,102) | {12,000) | 168,405 | ||
| Revaluation | |||||||
| reserve | 189,763 | 17,763 | 207,526 | ||||
| Revaluation | |||||||
| reserve | 74,888 | 12,000 | 86,888 | ||||
| 422,219 | 41,939 | (19,102) | 17,763 | 462,819 |
| Analysis of net as | sets between funds | ||
|---|---|---|---|
| Unrestricted | Total Funds | ||
| Funds | 2022 | ||
| Tangible fixed assets Investments |
111,162 243,391 |
111,162 243,391 |
|
| Current Assets | 80,889 | 80,889 | |
| Creditors less than | 1 year | (4,086) | (4,086) |
| Net assets | 431,356 | 431,356 | |
| Unrestricted | Total Funds | ||
| Funds | 2021 | ||
| Tangible fixed assets Investments |
112,431 282,173 |
112,431 282,173 |
|
| Current Assets | 71,930 | 71,930 | |
| Creditors less than | 1 year | (3,715) | (3,715) |
| Net assets | 462,819 | 462,819 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| R | ||||||
| income | ||||||
| Slaintenance | contributions | from residents | ||||
| Net income from | rents and service charges | 40,161 | 37,415 | |||
| Investment | Income | |||||
| Income from | listed investments | 4,639 | 4,520 | |||
| Bank interest | receivable | 38 | 4 | |||
| 4,677 | 4,524 | |||||
| Total income | 44,838 | 4'l,939 | ||||
| Expenditure Costs of raising |
maintenance | contributions | ||||
| Rates and water | 2,358 | 3,232 | ||||
| Property management |
7,632 | 7,334 | ||||
| Repairs and | maintenance | 23,284 | 3,718 | |||
| Insurance | 1,955 | 1,844 | ||||
| Printing, postage |
&stationery | 10 | 337 | |||
| Depreciation | ofproperty | '„269 | 1,269 | |||
| Subscriptions | 381 | 768 | ||||
| 36,889 | 18,502 | |||||
| Expenditure | on | charitable activities | ||||
| independent | examiner's | fee | 630 | 600 | ||
| Total expenditure | 37,519 | 19,102 | ||||
| Net income | 7,319 | 22,837 |