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|||Page|
|---|---|---|
|Trustee's
annual
report|||
|Independent
examiner's
report to the trustee|||
|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|
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|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|||||||
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|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|
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|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|
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|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|
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|Governance|costs||||||||
|---|---|---|---|---|---|---|---|---|
||||Unrestricted|Total|Funds|Unrestricted|Total|Funds|
||||Funds||2022|Funds||2021|
||||'Z||R||||
|Independent|examiner's|fee|630||630|600||600|
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|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|
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|Investments|||||||
|---|---|---|---|---|---|---|
||||||2022|2021|
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|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|
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|Debtors||||
|---|---|---|---|
|||2022|2021|
|||R||
|Trade debtors||731||
|Prepayments|and accrued income|1,020|935|
|||1,751|935|
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|||||||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|
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|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|
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||||||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|