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|Directors/Trustees|Directors/Trustees|Lord R0 Bradford|
|---|---|---|
|||The Countess ofBradford|
|||Mrs C Kenyon-Slaney|
|||Mr D Stacey|
|||Mr A Kenyon|
|||Mrs N Peers|
|Charity number||1083913|
|Company|number|4115137|
|Registered|office|74a Forton Road|
|||Newport|
|||Shropshire|
|||TF108BT|
|Auditor||Azets Audit Services|
|||Column<br>House|
|||London Road|
|||Shrewsbury|
|||Shropshire|
|||England|
|||SY26NN|
|Solicitors||Farrer &Co|





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||||Page|
|---|---|---|---|
|Directors'/Trustees'|report||1-3|
|Statement ofdirectors'/trustees'||responsibilities||
|Independent<br>auditor's|report||5-6|
|Statement offinancial|activities|||
|Summary<br>income and|expenditure|account||
|Balance sheet||||
|Notes to the financial statements|||10-19|





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|||||Unrestricted|Endowment|Total|Unrestricted|Endowment|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||funds|funds||funds|funds||
|||||2020|2020|2020|2019|2019|2019|
||||Notes|6|8|6|8|8|8|
|Ittggmafmm;||||||||||
|Donations<br>and legades|||||||40||40|
|Other trading<br>activities|||||63,835|63,835||63,799|63,799|
|Investments||||4,475|30,077|34,552|3,336|32,395|35,731|
|Total income and||||||||||
|endowments||||4,475|93,912|98,387|3,376|96,194|99,570|
|Emstttihttagg;||||||||||
|Charitable<br>activities||||103,772||103,772|87,433||87,433|
|Other|||10||23,549|23,549||23,549|23,549|
|Total resources||||||||||
|expended||||103,772|23,549|127,321|87,433|23,549|110,982|
|Net gains/(losses)||on||||||||
|investments|||||(45,574)|(45,574)||42,811|42,811|
|Net (outgoing)/||||||||||
|incoming msources||||||||||
|before transfem||||(99,297)|24,789|(74,508)|(84,057)|115,456|31,399|
|Gross transfers||||||||||
|between<br>funds||||93,912|(93,912)||96,195|(96,195)||
|Net movement|in|funds||(5,385)|(69,123)|(74,508)|12,138|19,261|31,399|
|Fund balances at 1||||||||||
|November 2019||||209,717|2,010,447|2,220,164|197,579|1,991,186|2,188,765|
|Fund balances|at|31||||||||
|October 2020||||204,332|1,941,324|2,145,656|209,717|2,010,447|2,220,164|





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||||||Att income funds||
|---|---|---|---|---|---|---|
||||||2020|2919|
||||||8||
|Gross income|||||4,475|3,376|
|Transfer from|endowment||funds||93,912|96,195|
|Total income|in|the reporting||period|98,387|99,571|
|Total expenditure||from income funds|||127,321|116,982|
|Met (expenditure)/income||||forthe year|(5,385)|12,138|





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||||2020|2019|
|---|---|---|---|---|
|||Notes|8|6|
|Fixed assels|||||
|Tangible assets||12|1,044,438|1,055,770|
|Investments||13|939,007|984,581|
||||1,983,445|2,040,351|
|Current assets|||||
|Debtors||15|1,093|9,416|
|Cash at bank and in|hand||165,829|175,128|
||||188,922|184,544|
|Creditors: amounts|falling due within||||
|one year||16|(4,711)|(4,731)|
|Net current assets|||162,211|179,813|
|Total assets less current liabilities|||2,145,656|2,220,164|
|Capital funds|||||
|Endowment<br>funds -|general|17|1,941,324|2,010,447|
|Income funds|||||
|Unrestricted<br>funds|||204,332|209,717|
||||2,145,656|2,220,164|



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||Accounting<br>policies||||(Continued)|(Continued)|(Continued)|
|---|---|---|---|---|---|---|---|
|1.5|Resources expended|||||||
||Expenditure<br>is recognised<br>on an accruals<br>basis as a liability<br>is incurred.<br>Expenditure|||includes<br>any<br>VAT||||
||which cannot be fully recovered,<br>and is included as part ofthe expenditure<br>to which<br>it relates.|||||||
|1.6|Tangible fixed assets|||||||
||Tangible<br>fixed assets are initially measured<br>at cost and subsequently<br>measured<br>at cost or valuation,|||||net of||
||depreciation<br>and any impairment<br>losses.|||||||
||Depreciation<br>is recognised so as to write off the cost or valuation<br>ofassets less their residual<br>values|||||over||
||their useful lives on the following bases:|||||||
||Land and buildings<br>straight<br>line over 50years|||||||
||Fixtures, fittings &equipment<br>12.5%per annum<br>reducing<br>balance|||||||
||The gain or loss arising<br>on the disposal<br>of an asset<br>is determined<br>as the|difference||between<br>the sale||||
||proceeds and the carrying<br>value ofthe asset, and is recognised<br>in net income/(expenditure)||||for the year.|||
|1.7|Fixed asset investments|||||||
||Fixed asset investments<br>are initially<br>measured<br>at transaction<br>price excluding|transaction|||costs, and||are|
||subsequently<br>measured<br>at fair value at each reporting<br>date.<br>Changes<br>in fair|value|are|recognised||in|net|
||income/(expenditure)<br>for the year. Transaction<br>costs are expensed as incurred.|||||||
|1.8|Impairment<br>offixed assets|||||||
||At each reporting<br>end date, the charity<br>reviews<br>the carrying<br>amounts<br>of its tangible assets to determine|||||||
||whether<br>there is any indication<br>that those assets have suffered<br>an impairment|loss.|If any||such indication|||
||exists, the recoverable<br>amount ofthe asset is estimated<br>in order to determine|the extent||of|the impairment|||
||loss (ifany).|||||||
|1.9|Cash and cash equivalents|||||||
||Cash and cash equivalents<br>include cash<br>in hand, deposits<br>held at call with banks,||other|short-term||liquid||
||investments<br>with<br>original<br>maturities<br>of three<br>months<br>or less, and<br>bank<br>overdrafts.||Bank||overdrafts||are|
||shown within<br>borrowings<br>in current<br>liabilities.|||||||
|1.10|Financial<br>instruments|||||||
||The charity has elected to apply the provisions<br>of Section 11 'Basic Financial|Instruments'||and Section|||12|
||'Other Financial<br>Instruments<br>Issues' ofFRS102to all ofits financial<br>instruments.|||||||
||Financial<br>instruments<br>are recognised<br>in the charity's<br>balance sheet when the|charity|becomes<br>party to||||the|
||contractual<br>provisions<br>ofthe instrument.|||||||
||Financial assets and liabilities are offset, with the net amounts<br>presented<br>in the financial|||statements,||when||
||there is a legally enforceable<br>right to set off the recognised<br>amounts<br>and there|is an|intention||to settle|on a||
||net basis or to realise the asset and settle the liability simultaneously.|||||||
||Basic financial assets|||||||
||Basic financial<br>assets,<br>which<br>include<br>debtors<br>and cash<br>and<br>bank<br>balances,<br>are||initially||measured||at|
||transaction<br>price<br>including<br>transaction<br>costs and are subsequently<br>carried|at amortised|||cost using||the|
||effective interest<br>method<br>unless the arrangement<br>constitutes<br>a fiinancing<br>transaction,||where||the transaction|||
||is measured<br>at the present<br>value of the future receipts discounted<br>at a market<br>rate||of interest.<br>Financial|||||
||assets classified as receivable<br>within one year are not amortised.|||||||





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||||||2020|2019|
|---|---|---|---|---|---|---|
||Flat maintenance|income|||63,835|63,799|
|5|Investments||||||
||||Unrestricted|Endowment|Total|Total|
||||funds|funds|2020|2019|
|||||general|||
||||6|6|||
||Feed in Tariff income||4,448||4,448|3,200|
||Income from investments|||30,077|30,077|32,395|
||Interest receivable||27||27|136|
||||4,475|30,077|34,552|35,731|
||For the year ended 31October 2019||3,336|32,395||35,731|





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|||2020|2019|
|---|---|---|---|
|||8|8|
|Wardens<br>salary||16,574|16,245|
|Rates||3,570|3,470|
|Insurance||1,921|1,911|
|Light &heat||10,704|16,547|
|Repairs &maintenance||56,029|30,575|
|Postage &stationery||97|323|
|Telephone<br>&fax||1,797|2,034|
|Cleaning||1,716|2,075|
|Garden expenses||3,244|6,499|
|Legal and professional||100||
|Sundry costs||554|984|
|||96,306|80,663|
|Share ofsupport costs (see note 7)||4,106|5,886|
|Share ofgovernance|costs (see note 7)|3,360|2,760|
|||103,772|87,433|
|Analysis<br>by fund||||
|Unrestricted<br>funds||103,772||
|||103,772||
|Forthe year ended 31October 2019||||
|Unrestricted<br>funds|||87,433|
||||87,433|





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|7|Supportcosts||||||
|---|---|---|---|---|---|---|
|||Support|Governance|2020|2019|Basis ofallocation|
|||costs<br>8|costs<br>f||||
||Clerk's fees|1,103||1,103|1,536||
||Depreciation|2,328||2,328|1,819||
||Curates fees|675||675|175||
||Audit fees||3,360|3,360|3,240|Governance|
|||4,106|3,360|7,466|6,770||
||Analysed<br>between||||||
||Charitable<br>activities|4,106|3,360|7,466|6,770||



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|<br>The average|<br>monthly<br>number<br>ofemployees<br>during|the year was:||
|---|---|---|---|
|||2020|2018|
|||Number|Number|
|Warden||||
|Employment|costs|2020|2019|
||||8|
|Wages and|salaries|16,574|22,744|





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||Land and building|depreciation|
|---|---|---|
|11|Net gains/(losses)|on investments|



|2020|2019|
|---|---|
|6|8|
|23,549|23,549|
|23,549|23,549|



|Endowment|Endowment|
|---|---|
|funds|funds|
|general|general|
|2020f|2019|
|(45,574)|42,811|



|||||||||
|---|---|---|---|---|---|---|---|
||Movement<br>on||investments|||(45,574)|42,811|
|12|Tangible fixed assets|||||||
||||||Lend and|Fixtume,|Total|
||||||buildings|fittings a||
|||||||equipment||
|||||||8||
||Cost|||||||
||At 1 November||2019||1,427,389|59,443|1,486,832|
||Additions||||11,137|3,409|14,546|
||Disposals|||||(939)|(939)|
||At 31 October||2020||1,438,526|61,913|1,500,439|
||Depreciation||and impairment|||||
||At 1 November||2019||401,523|29,540|431,063|
||Depreciation|charged||in the year|23,772|2,105|25,877|
||Eliminated<br>in|respect ofdisposals||||(939)|(939)|
||At 31 October||2020||425,295|30,706|456,001|
||Canying<br>amount|||||||
||At 31 October||2020||1,013,231|31,207|1,044,438|
||At 31 October||2019||1,025,866|29,904|1,055,770|





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||||||||||Listed|
|---|---|---|---|---|---|---|---|---|---|
||||||||||investments|
||||||||||8|
||Cost orvaluation|||||||||
||At 1 November 2019||||||||984,581|
||Additions||||||||219,123|
||Valuation|changes|||||||(81,317)|
||Disposals||||||||(183,380)|
||At 31 October 2020||||||||939,007|
||Carrying|amount||||||||
||At 31 October 2020||||||||939,007|
||At 31 October 2019||||||||984,581|
|14|Financial|instruments||||||2020|2019|
||||||||||5|
||Carrying|amount|of|financial||assets||||
||Debt instruments||measured||at amortised||cost|163,882|173,224|
||Equity instruments||measured|||at cost less impairment||939,007|984,581|
||Carrying|amount|of|financial||liabilities||||
||Measured|at amortised cost||||||4,435|4,455|
||Financial|assets measured|||at|amortised|cost consists oftrade debtors, other debtors and cash||at bank.|
||Financial|liabilities|measured|||at amortised|cost consists oftrade creditors, other creditors and||accruals.|
|15|Debtors|||||||||
|||||||||2020|2019|
||Amounts|falling|due|within||one year:||8|8|
||Prepayments<br>and||accrued income|||||1,093|9,416|
|15|Creditors: amounts|||falling|due within||one year|||
|||||||||2020|2019|
|||||||||8||
||Other taxation and social security|||||||276|276|
||Accruals|and deferred||income||||4,435|4,455|
|||||||||4,711|4,731|





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|18|Analysis of|net assets|between funds||||||
|---|---|---|---|---|---|---|---|---|
||||Unrestricted|Endowment|Total|Unrestricted|Endowment|Total|
||||Fund|Fund||Fund|Fund||
||||2020|2020|2020|2019|2019|2019|
||||f|f|f|f|f|f|
||Fund balances at 31||||||||
||October 2020 are||||||||
||represented|by:|||||||
||Tangible assets||42,121|1,002,317|1,044,438|29,904|1,025,866|1,055,770|
||Investments|||939,007|939,007||984,581|984,581|
||Current assets/||||||||
||(liabilities)||162,211||162,211|179,813||179,813|
||||204,332|1,941,324|2,145,656|209,717|2,010,447|2,220,164|