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||||||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<br>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|





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## 

|||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|||