2020-10-31-accounts

							Page
Trustee's annual report (incorporating				the	director's	report)
Independent	auditor's	report to	the members
Statement	offinancial	activities	(including		income and
expenditure	account)
Statement	offinancial	position					10
Statement	ofcash flows
Notes to the financial		statements

				Year ended	31Octob	er 2020	er 2020
						2020		2019
						Unrestricted
						funds	Total funds	Total funds
					Note	6
Income and	endowments
Investment	income				5	694,029	694,029	724,298
Total income						694,029	694,029	724,298
Expenditure
Expenditure	on raising funds:
Management		costs of properties			6	63,221	63,275	397,645
Expenditure	on charitable		activities		7,8	25,364	25,364	31,360
Total expenditure						88,585	88,639	429,005
Net income	and net movement			in funds		605,444	605,390	295,293
ReconciBation of		funds
Tota!funds	brought	forward				4,224,294	4,224,294	3,929,001
Total funds	carried forward					4,829,738	4,829,738	4,224,294

		31 Octobe	r 2020
				2020		20'i9 6
			Note
Fixed assets Tangible fixed assets			12		4,628,875	4,425,266
Current assets Debtors Cash at bank and in hand			13	644,776 680,109 1,324,885		730,938 338,992 1,069,930
Creditors: amounts	falling	due within one year	14	73,414	1,251,471	153,599 916,331
Net current assets Total assets less current		liabilities			5,880,346	5,341,597
Creditors: amounts	falling due after more than		15		1,050,662	1,117,303
one year					4,829,684	4,224,294
Net assets
Funds ofthe charity					4,829,738	4,224,294
unrestricted funds Total charity funds			16		4,829,738	4,224,294

		2020	2019
			E
Cash flows from operating activities
Net income		605,390	295,293
Adjustments for:
Depreciation oftangible fixed assets Dividends, interest and rents from investments Interest payable and similar charges Accrued (income)/expenses		94,500 (694,029) 25,364 (81,534)	95,197 (724,298) 31,360 27,581
Chengesin.
Trade and other debtors Trade and other creditors		86,162 1,349	(122,076) (15,933)
Cash generated from operations		37,202	(412,876)
Interest paid		(25,364)	(31,360)
Net cash from/(used tn) operating activities		11,838	(444,236)
Cash flows from investing activities
Dividends, interest and rents from investments Purchase of tangible assets Proceeds from sale oftangible assets		694,029 (585,110) 287,000	724,298 (4,546)
Net cash from investing activities		395,919	719,752
Cash flows from financing activities
Proceeds from borrowings		(66,641)	(60,644)
Net cash used in financing activities		(66,641)	(60,644)
Net increase in cash and cash equivalents Cash and cash equivalents at beginning	ofyear	341,116 338,992	214,872 124,120
Cash and cash equivalents at end ofyear		680,108	338,992

5.	Investment i	ncome
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2020	Funds	2019
				K		f	E
	Social housing	rents and charges		694,029	694,029	724,298	724,298
6.	Management	costs ofproperties
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2020	Funds	2019
				k
	Costs of raising donations		and legacies
	- Other type 1			63,221	63,275	397,645	397,645
7.	Expenditure	on charitable	activities by fund type
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2920	Funds	2019
				6
	Support costs			25,364	25,364	31,360	31,360

									Total funds	Total fund
							Support costs		2020	2019
										F
	Governance	costs						25 364	25 364	31,360
9.	Net income
	Net income	is stated after charging/(crediting):
									2020	2019
									5	E
	Depreciation	of tangible fixed		assets					94,500	95,197
10.	Staffcosts
	The total staff costs		and employee		benefits for		the reporting	period are	analysed as follows:
									2020	2019
										5
	Wages and	salanes							53,788	60,300
	Other employee benefits								27,312	31,917
									81,100	92,217
	The average	head	count of employees			during	the year was 4 (2019:4).The average			number of
	full-time equivalent		employees	during the year			is analysed	as follows:
									2020	2019
									No.	No.
	Administration								4	4
	No employee	received employee			benefits ofmore than f60,000 during				the year (2019:	Nil).

12.	Tangible fixed asset	s
		i	and and
		buildings		Equipment	Total
	Cost
	At 1 November 2019	5,689,815		188,900	5,878,715
	Additions Disposals	585,110 (350,000)			585,110 (350,0DO)
	At 31 October 2020	5,924,925		188,900	6,113,825
	Depreciation
	At 1 November 2019	1,264,550		188,900	1,453,450
	Charge for the year		94,500		94,5DO
	Disposals		(63,000)		(63,0DO)
	At 31 October 2020	1,296,050		188,900	1,484,950
	Carrying amount
	At 31 October 2020	4,528,875			4,628,875
	At 31 October 2019	4,425,265			4,425,265
13.	Debtors
				2020	2019
	Trade debtors			12,411	12,411
	Amounts owed by group undertakings			632,365	669,272
	Other debtors				49,255
				644,776	730,938
14.	Creditors: amounts	falling due within one year
				2020	2019
					F
	Bank loans and overdrafts			62,000	62,000
	Accruals and deferred	income		5,330	86,864
	Property bonds			6,084	4,735
				73,414	153,599
15.	Creditors: amounts	falling due after more than one year
				2020	2019
				6	F
	Bank loans and overdrafts			1,050,662	1,117,303