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2020-12-31-accounts
|
|
|
|
|
2020 |
2019 |
|
|
Unrestricted |
Restricted |
Rndowment |
Total |
Total |
|
|
funds |
fund |
Fund |
fu nils |
funds |
|
Notes |
£ |
£ |
Ji; |
£ |
£ |
| INCOME AND ENDOWMENTS |
|
|
|
|
|
|
| FROM |
|
|
|
|
|
|
| Sundry incumc |
2 |
8.691 |
|
|
8,6<J1 |
96'1 |
| Investment income |
3 |
421,867 |
15,716 |
|
437,583 |
475,9'! 9 |
| Residents contribulions |
|
321,848 |
12,240 |
|
334,088 |
292.573 |
| Total |
|
752,406 |
27,956 |
|
780.362 |
769,486 |
| KXPHNDI TlfRlL ON |
|
|
|
|
|
|
| Raising funds - investment |
|
|
|
|
|
|
| management costs |
|
55,563 |
|
|
55,563 |
65.928 |
| C'tiaritable activities |
|
|
|
|
|
|
| Administration |
|
142,^99 |
|
|
142,499 |
125.509 |
| Residents |
|
51,38(1 |
|
|
51.380 |
49J19 |
| Ravenscroft I .odge " l-'Iats 1 & 2 |
|
6,807 |
|
|
6,807 |
8,155 |
| 62-72 Wood Street |
|
19,024 |
|
|
19.024 |
35,m |
| 88-90 Wood Street |
|
5.274 |
|
|
5,274 |
5,316 |
| Grasvcnor Avenue (1-15) |
|
'<6,51U |
|
|
46,510 |
3M52 |
| Potters L[ine( 1-16) |
|
68,081 |
|
|
68.081 |
83,085 |
| Uarrets (76-86 Wood SlreeO |
|
19,166 |
|
|
19,166 |
14,007 |
| Pagiltsd-3) |
|
8.95S |
|
|
8.95H |
10,298 |
| Gardens |
|
61,012 |
|
|
61,012 |
76.349 |
| Relief in Need |
|
J3,OOI |
|
|
33.001 |
62,080 |
| Wilbrahtyiis(l-6) |
|
|
26.191 |
|
26,191 |
27.35^1 |
| Queen Hlizabeth Prcccpf |
|
400 |
|
|
41)0 |
4(1(1 |
| 74A Wood Street (1-2) |
|
5,129 |
|
|
5,129 |
4,6U2 |
| Pension tocx-umployces |
|
11,935 |
|
|
f 1,935 |
1!,587 |
| 'lot ill |
|
5J<<,739 |
26,191 |
|
560,930 |
616,119 |
| NET INCOMING RKSOl'RCKS |
|
217.667 |
1,765 |
|
219,432 |
153.367 |
| Net gains/(Iusscs) on investments |
|
47,582 |
(35,0y5» |
680,789 |
693,286 |
983,110 |
| NEI INCOME/(EXPICND]TURE) |
|
265,249 |
(33320) |
680,789 |
912.718 |
,136,477 |
| RECONCILIATION OF FUNDS |
|
|
|
|
|
|
| Total funds brought funvard |
|
1,853.917 |
455,811 |
12,711,961 |
15,021,689 |
13.885.212 |
| 1 OTAL FUNDS CARRIED |
|
|
|
|
|
|
| FORWARD |
|
2,119,166 |
422,491 |
13,3l)2,75(l |
15,934/107 |
15.021,689 |
BALANCE SIIKET
31 DECEMBKR2020 |
|
|
|
|
|
|
|
|
|
|
|
2020 |
2019 |
|
|
Unrestricted |
RuHtricled |
Endowment |
Total |
Total |
|
|
fnnOs |
fund |
ftind |
funds |
funds |
|
Notes |
£ |
£ |
£ |
£ |
£ |
| FIXED ASSETS |
|
|
|
|
|
|
| Tangible assets |
9 |
|
|
1,715,862 |
1,715,862 |
1,756,581 |
| Investments |
|
|
|
|
|
|
| Investments |
10 |
696.569 |
377,024 |
7,506,539 |
8,580,132 |
8,276,009 |
| Investment property |
11 |
|
|
5,187»500 |
5,187,500 |
4,639,000 |
|
|
696,569 |
377,024 14,409.901 |
|
15,483,494 14,671.590 |
|
| CURRENT ASSETS |
|
|
|
|
|
|
| Debtors |
12 |
59,63ft |
79« |
|
60,43-t |
42,778 |
| Cash at bank and in linnd |
|
1,428,291) |
47,704 |
(1,017,151) |
458,843 |
405.505 |
|
|
1,487.926 |
48,502 |
(1,017,151) |
519,277 |
^48,283 |
| CKKUITORS |
|
|
|
|
|
|
| Ainounts falling due \vitlun one yfiir 13 |
|
(65,329) |
(3,035) |
|
(68364) |
(9ii.li{4 |
| NET CURRKN I' ASSK'I S |
|
1,422,597 |
45,-Ki? |
(1,017,151) |
450,9)3 |
350,099 |
| I OTAL ASSE IS LESS |
|
|
|
|
|
|
| C'URRKNTUABIUTIKS |
|
2,119,166 |
422,491 13,392,750 |
|
15,934,407 15,021,689 |
|
| NK I ASSETS |
|
2.119,166 |
422,491 13,392*750 |
|
15,934.^07 |
15,021,689 |
| FUNDS |
H |
|
|
|
|
|
| Unrestricted funds |
|
|
|
|
2,11 y,t 66 |
1,H53,917 |
| Restricted funds |
|
|
|
|
422,491 |
455,811 |
| Endowment funds |
|
|
|
|
13.392.75Q |
12.711,961 |
| TOTAL FUNOS |
|
|
|
|
15,934,407 |
15,021,689 |
|
|
2020 |
2019 |
|
Nolcs |
£ |
£ |
| Cash (lows from operating activities |
|
|
|
| Cash generated from operations |
|
(I6M71) |
(208,232) |
| Net cash used in upcrating aclivilics |
|
(16M71) |
(208,232) |
| Cash flows from investing activities |
|
|
|
| Ptirchti^y of tangible fixed assets |
|
(474) |
(770,961) |
| Purvhtisc ot fixed asset investments |
|
(677,161) |
(UMm |
| Sale of fixed asset investments |
|
517,»25 |
1.658,027 |
| Unit Trust income received |
|
78,010 |
77.199 |
| Rental income received |
|
239,043 |
233,97'1 |
| Inveytmenl niiinagcnicnt costs |
|
(55.5fi4) |
(h5,y2K) |
| Interest received |
|
427 |
1,823 |
| Dividends received |
|
120,103 |
165,528 |
| Nut cash provided by/(uscd in) invesling activilies |
|
222,209 |
_(37,222) |
| Chnngc in cash and cash equivalents in the |
|
|
|
| reporting periud |
|
53,338 |
(245.454) |
| Cash and cash equivalents at the beginning «f |
|
|
|
| the reporting period |
|
405,505 |
650,959 |
| Cash and cash equivalents at the end of (tie |
|
|
|
| reporting period |
|
458,843 |
.105,505 |
| 1. REC'ONCILIA'I'ION OF NET INCOME TO NET CASH FLOW FROM OPKRATING |
ACTIVITIES |
|
|
2020 |
2019 |
|
£ |
E |
| Net income for tlic reporting period (as per the Statement uf Financial Activities) |
912,7)8 |
1,136,477 |
| Ailjustnients for; |
|
|
| Deprecknion chnrges |
41,192 |
25,248 |
| U»in on invtistments |
(693,286) |
(983,110) |
| Interest received |
(427) |
(1.823) |
| Dividends received |
(12U.103) |
(165,528) |
| Unit Truiil income rewivcd |
(78.010) |
(77,199) |
| Rental income received |
(239,043) |
(233,974) |
| Investment management costs |
55,564 |
65,928 |
| (IncrcaseVdecryase in debtors |
(17,656) |
3,705 |
| (Det:rt:asc)/int;re;>se in creditors |
(29.820) |
22,044 |
| Net cash used in operations |
|
(208,232) |
|
Al 1.1.20 |
Casli flow |
At31.12.20 |
|
£ |
£ |
i |
| Net cush |
|
|
|
| Cash at bank and in liynd |
4U5,505 |
53,338 |
458.843 |
|
^05,505 |
53338 |
458,843 |
| Total |
405,505 |
53338 |
458,843 |
|
|
2020 |
2019 |
|
|
£ |
£ |
| Job Retention Scheme grants |
|
8,376 |
|
| Miscellaneous |
|
315 |
964 |
|
|
8,691 |
96^ |
| 3. INVESIMEM INCOM11; |
|
|
|
|
|
2020 |
2019 |
|
|
£ |
£ |
| Rents received from rental properties |
|
2J9,0.13 |
23uyy |
| Income from unit tmsts |
|
78,010 |
77jyy |
| Fixed interest |
|
l2,8<i5 |
22.210 |
| Dividends from equities |
|
107,238 |
143,318 |
| Interest trom deposits |
|
203 |
1.341 |
| COIF deposit interest |
|
224 |
-182 |
|
|
437,583 |
475,949 |
| Recognised gains and losses |
|
|
|
|
2020 |
2019 |
|
|
£ |
£ |
|
| Fixed asset investments - (loss)/yain un disposal |
(46,565) |
95,483 |
|
| Fixed asset invcslments - gain on revaluation |
191,352 |
887,627 |
|
| Investment property - gain un revaluatiun |
548.5UU |
|
|
| Net gain on investment assets |
693,287 |
983,110 |
|
| Investment management cusls |
|
|
|
2020 |
2019 |
|
£ |
£ |
| Portfolio management |
26,490 |
27,251 |
| Property managemenl costs |
7,898 |
7,225 |
| Property Idling costs |
|
3,792 |
| Investmtiiit properties utilities and insurance |
4.652 |
3,893 |
| Itivcslnitfnt property niainlcniincc |
16,523 |
23,767 |
|
55,563 |
65.y28 |
| ANTSPAYAKLK |
|
|
|
2020 |
2019 |
|
£ |
£ |
| ReliefiiiNeed |
33,001 |
62,0ti0 |
| Queen Elizabeth Prccepl |
.(00 |
400 |
|
33,401 |
62,480 |
| AFF COSTS |
|
|
|
2020 |
2019 |
|
£ |
£ |
| Wages and siilaries |
205,871 |
214.910 |
| Social securitv costs |
21,071 |
18,449 |
| Other pensiim costs |
25,287 |
24,863 |
|
252.229 |
258,222 |
|
2020 |
2019 |
| Adtninistration |
3 |
3 |
| Residents Liuisun |
1 |
1 |
| Gcncml Maintenance |
I |
t |
| Gardens |
1 |
2 |
|
6 |
7 |
| NGIBLE FIXED ASSKIS |
|
|
|
|
|
|
Fixtures |
|
|
|
iTcehold |
and |
Motor |
|
|
property |
fillings |
vehicles |
lutals |
|
£ |
£ |
£ |
£ |
| COST |
|
|
|
|
| At I January 2020 |
2,047,120 |
24,761 |
11,500 |
2,083381 |
| Additions |
474 |
|
|
474 |
| At 31 December 2020 |
2,047,594 |
2^,761 |
11,500 |
2,083,855 |
| DEPRECIATION |
|
|
|
|
| At 1 January 2020 |
290,539 |
2^,761 |
11,500 |
326,800 |
| Charge for year |
41,193 |
|
|
41,193 |
| Al.U December 2020 |
331,732 |
2<f,761 |
11.500 |
367,'W |
| NET KOOK VALUE |
|
|
|
|
| At 31 Uewmbcr 2020 |
l,715,yd2 |
|
|
1,715.862 |
| At 31 December 2019 |
1,756,581 |
|
|
1.756,5iil |
| XED ASSET INVESTMENTS |
|
|
|
|
|
Fixed |
|
|
|
|
interest |
Listed |
Unit |
|
|
stocks |
equities |
Trusts |
Totals |
|
£ |
£ |
t |
£ |
| MARKET VALUE |
|
|
|
|
| At 1 Jainiar)' 2020 |
640,9)7 |
3,413,486 |
4,221,606 |
8,276,009 |
| Additions |
152,580 |
149,207 |
375,374 |
677,161 |
| Dispoiiiits |
(.10,000) |
(192,773) |
(285,052) |
(517,825) |
| Revaluation |
(1,-104) |
(214,713) |
407,^69 |
191,352 |
| Loss on disposal |
(1,400) |
(29,660) |
(15,5U5) |
(46,565) |
| At 31 December 2020 |
750.693 |
3J 25,547 |
4,703,S92 |
8.5«0,132 |
| NET BOOK VM.VK |
|
|
|
|
| At 31 December 2020 |
7St),693 |
3,125,547 |
4,703,892 |
8,580,132 |
| At 31 December 2U 19 |
6-1 o,y 17 |
3,413.486 |
4.221,606 |
8,276.0t)y |
| FAIR VALliK |
|
| At 1 January 2020 |
4,639,000 |
| Revaluation |
548,500 |
| At 31 December 2020 |
5,187,500 |
| NET HOOK VAUIR |
|
| Al31 December 2020 |
5,187,500 |
| At3l0cccmbcr20iy |
4,639,000 |
|
|
|
202(1 |
2(119 |
|
|
|
£ |
i |
| Rent debtors |
|
|
36,029 |
16,652 |
| Accrued income |
|
|
4,91)1 |
5,981 |
| MainteiiEuice and utilities |
|
|
1,926 |
2.099 |
| Prepay me nt.s |
|
|
17,57S |
l8,()4(> |
|
|
|
60,434 |
-12,778 |
| EDITORS: AMOUNTS FALLINCi ni'E WITHIN |
ONE YEAR |
|
|
|
|
|
|
2020 |
2019 |
|
|
|
£ |
£ |
| 1'tixation and social security |
|
|
6,120 |
5,945 |
| Other creditors |
|
|
42,986 |
63,505 |
| Rents received in advance |
|
|
iy,25H |
2t{,734 |
|
|
|
68364 |
ys. 184 |
| OVEMENT IN FUNDS |
|
|
|
|
|
|
Net |
Transfers |
|
|
|
movement |
bchvcen |
At |
|
At 1.1,20 |
in funds |
funds |
31.12.20 |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| Kxtraordinary Repair Fund |
625,001 |
51,72) |
|
676.722 |
| Property Refurbishment &. Modemisntion Fund |
|
|
|
|
| Almshouses |
124,0*11 |
|
|
124.051 |
| Property Refurbishment &. Modem isat ion t-'uinl |
|
|
|
|
| Investment Properties |
200.UUU |
|
|
200,000 |
| l-uture Development and Improvement otthe |
|
|
|
|
| Almshouscs |
400,000 |
|
|
400,000 |
| Accumulations ot Income |
345,679 |
213,52ft |
(2UU,000) |
359,207 |
| Residents Fund |
9.1S(i |
|
|
9,186 |
| I''uiurtf Dcvdupmenl and Itnprovement of |
|
|
|
|
| Investment Properties |
ISO.OOO |
|
50,000 |
200.000 |
| Future Improvement ofAdministrntivc Ofticc |
|
|
150,000 |
150,000 |
|
1,«53,917 |
265.249 |
|
2,1)9,166 |
| Restricted funds |
|
|
|
|
| Wilbratnmi Hospitii! Chsirity |
455,811 |
(33,320) |
|
422,491 |
| Endowment funds |
|
|
|
|
| Capital Endowment |
12,711,961 |
680,789 |
|
13,392,750 |
| TOTAL FUNDS |
15,021,689 |
912,718 |
|
15,934,407 |
|
Incoming |
Resources |
Gains and |
Movement |
|
resources |
expended |
losses |
in Funds |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| Exirnurdinnry Kepiiir l-'und |
14,307 |
(10,168) |
.17,582 |
51,721 |
| Accumulations of Income |
738,Ui>9 |
(524,571) |
|
213,528 |
|
752,406 |
(534,739) |
47,582 |
265^249 |
| Restricted funds |
|
|
|
|
| Wilbrahiini Hospital Chariiy |
27,956 |
(2fi,191) |
(35,085) |
(33,320) |
| Endowment funds |
|
|
|
|
| Cnpilal Endowment |
|
|
680,789 |
680,789 |
| TOTAL FUNDS |
780,362 |
|
693,286 |
912,718 |
| Comparatives for movement in funds |
|
|
|
|
|
|
Nd |
Trunsfers |
|
|
|
muvcincnt |
belween |
At |
|
At 1.1.19 |
in funds |
funds |
31.12.19 |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| I^xtrnordinary Kcpair l-'uncl |
6'16,020 |
|
(21.019) |
625,001 |
| Property Relurbiiilimem & Modemisaliun t-'unti |
|
|
|
|
| Alinshuuses |
124,051 |
|
|
124,051 |
| Property R.cl'urbishmcnt & Modemistition Fund |
|
|
|
|
| Investment Properties |
273,488 |
|
(73.48H) |
200,000 |
| Future Oiivelupment and Improvement of the |
|
|
|
|
| Almshouses |
250,000 |
|
150,000 |
400,000 |
| Relief In Need Fund |
24,977 |
|
(24,y77) |
|
| Accumulations of Income |
264,197 |
261,998 |
(180,516) |
345,679 |
| Residents Fund |
9,186 |
|
|
9,186 |
| Fulun; Develupmcnt and Iniprovcment ol |
|
|
|
|
| Inveslmeni Properties |
|
|
150,000 |
150,000 |
|
1,591,919 |
261,998 |
|
1,853,917 |
| Kestrictctl funds |
|
|
|
|
| Wilhrahnm [lo.spjlnl Ch^u-ity |
406.823 |
48,988 |
|
455,811 |
| Enduwmcnl funds |
|
|
|
|
| Capital Fnduwment |
11,88M70 |
825.491 |
|
12,711.961 |
| TOTAL HINDS |
13,885,212 |
1,136,477 |
|
15,021,689 |
|
Incoming |
Resources |
Gains and |
Movement |
|
resources |
expended |
losses |
in funds |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| Accumulations of IHCOHK |
7-11.332 |
(588.765) |
109,431 |
2(>).y9S |
| Restricted funds |
|
|
|
|
| Wilbraham Hospital Charity |
28,154 |
(27.35-1) |
48.18S |
48,9X8 |
| Endowment funds |
|
|
|
|
| C;tpit<il Bnduwmcnl |
|
|
825,49) |
825.'19( |
| TOTAL FUNDS |
769,486 |
(616,119) |
983,110 |
IJ3M77 |
|
|
Net |
Trails feni |
|
|
|
movement |
behu-cn |
At |
|
At 1.1.19 |
in funds |
Funds |
31,12.20 |
|
£ |
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
|
| Lxtraordinary Repair (;und |
646,020 |
51.721 |
(21,019) |
676,722 |
| Property Refurbishment & Modemisation Fund - |
|
|
|
|
| Almsliouscs |
124,051 |
|
|
124.051 |
| Properly Rcftirbisliment & Modernisation Fund - |
|
|
|
|
| Investment Properties |
273/188 |
|
(73,4^8) |
200,000 |
| Future UevelopnK:nt and Improvement ot the |
|
|
|
|
| Almshouses |
250.0UO |
|
150,000 |
400.000 |
| Relief I" Need l-'tind |
24.977 |
|
(24,977) |
|
| Accumulations of Income |
264,197 |
475,526 |
(3W.516) |
35^,207 |
| Residents Fund |
9.186 |
|
|
9,186 |
| Future Dcvelopnienl imd Impmvemcnt of |
|
|
|
|
| Investment Properties |
|
|
200.000 |
200,000 |
| Future Improvement ofAdministralive Office |
|
|
150,000 |
150,0(10 |
|
1,591,919 |
527,2't? |
|
2.119,166 |
| ttcstricted funds |
|
|
|
|
| Wilbraliam Hospital Cliarity |
406.823 |
15,668 |
|
422,491 |
| Kndow'ment funds |
|
|
|
|
| Capital endowment |
11,886,470 |
957.780 |
|
12.8-14.250 |
| TOTAL Fl'NUS |
13,885,212 |
1,500.695 |
|
15,385,907 |
| A current year 12 months ami prior year 12 |
months combined net movement in funds, included in the nbovc are as follows; |
months combined net movement in funds, included in the nbovc are as follows; |
months combined net movement in funds, included in the nbovc are as follows; |
months combined net movement in funds, included in the nbovc are as follows; |
|
Incoming |
Ke.sourccs |
Gains mid |
Movement |
|
resources |
expt;n(lccl |
losses |
in funds |
|
£ |
£ |
t |
£ |
| Unrestricted funds |
|
|
|
|
| Extraordinary Hepair l<'un(l |
H,3U7 |
(10,168) |
47,582 |
51,721 |
| Accumulations ol Income |
1,479,431 |
(1,113,336) |
109.431 |
'175,526 |
|
1,493,738 |
(1,123,504) |
157,013 |
527,247 |
| Restricted funds |
|
|
|
|
| Wilbrnliam Hospital Charily |
5h, 110 |
(53.545) |
13,103 |
15,668 |
| Endowment funds |
|
|
|
|
| t'apitftl f^ndowmenl - - |
|
957,780 957,780 |
|
|
| TOTAL FUNDS 1,549,8'18 (1,177,049) 1,127,896 1.3U0.695 |
|
|
|
|
|
2020 |
2019 |
|
£ |
£ |
| INCOME AMU ENDOWMENTS |
|
|
| Sundry income |
|
|
| Job Rcfcntion Scheme grams |
8,376 |
|
| Miscellaneous |
315 |
964 |
|
8,691 |
964 |
| Investment income |
|
|
| Rents received from rental properties |
239,043 |
231.399 |
| Income from unit trusts |
78,01U |
77.199 |
| Fixed interest |
12,865 |
22,210 |
| Dividends from equities |
107,23ft |
1'!3,318 |
| Interest from deposits |
203 |
i.3<n |
| COIF deposit interest |
224 |
482 |
|
437,583 |
475,949 |
| Residents contributions |
|
|
| Contributions From rcskfrnls |
334,«HK |
292,573 |
| Total incoming resources |
7S0.362 |
769,-fSA |
| KXPENDITURK |
|
|
| Investment management costs |
|
|
| Portlolio mantigemenl |
2M90 |
27,251 |
| Property inanageiitcnt wsh |
7,898 |
7,225 |
| Properly letiing costs |
|
3.792 |
| Investment properties ulilities and insurance |
4,652 |
3,}!93 |
| Investment property inaintcnancc |
16,523 |
23,767 |
|
55.5(>.l |
65,928 |
| C'tmritnblv nctivitics |
|
|
| Wages |
16U,53y |
173.934 |
| Sodnl security |
[6,803 |
15,259 |
| Pensions |
KI/iHfi |
10.942 |
| Insurance |
9,149 |
9,717 |
| Light and heat |
52,291 |
57,980 |
| Repairs |
48,815 |
68.336 |
| Rates tuid water |
9,179 |
9,882 |
| Other garden cosls |
14,226 |
9.038 |
| Legal & prutussional |
7,630 |
t0,t41 |
| Freehold property depreciation |
41,193 |
25,248 |
| Grants to institutiuns |
23.700 |
56,337 |
| Grants to individuals |
9,701 |
6,143 |
|
403,912 |
452,957 |
| Other |
|
|
| Pensions |
11,935 |
1.587 |
|
2020 |
2019 |
|
t |
t |
| Support costs |
|
|
| Mnnftgcment |
|
|
| Wiigcs 33,999 30,732 |
|
|
| Social security |
3,201 2,263 |
|
| Pensions 2,666 2,334 |
|
|
| Adinin expenses 24,654 _26,547 |
|
|
|
64,520 |
61,876 |
| duvcrnnnce costs |
|
|
| Wages |
11,333 |
10,244 |
| Social securily |
1,067 |
927 |
| Auilitors' remuneratiun |
6,600 |
6,600 |
| Auditors' rcinuneratiun for nan audit work |
6,0(10 |
6,000 |
|
25,000 |
23.771 |
| Tolal resources expended 560(930 |
|
|
| Net income 219,432 |
|
|