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|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||||||
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|||||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|
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|||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|
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|||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|
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|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|
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||||||||||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).|
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|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|