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2020-12-31-accounts
|
|
|
Page |
|
| Report o f the Trustees |
|
1 |
to |
5 |
| Independent Examiner's Report |
|
|
6 |
|
| Statement o f Financial Activities |
_ |
|
7 |
|
| Balance Sheet |
|
8 |
to |
9 |
| Notes to the Financial Statements |
|
10 |
to |
20 |
| Detailed Statement o f Financial Activities |
|
21 |
to |
22 |
|
|
|
|
|
31.12.20 |
31.12.19 |
|
|
Unrestricted
funds |
Restricted
funds |
Endowment
funds |
. Total
funds |
Total
funds |
|
Notes |
£ |
£ |
£ |
£ |
£ |
| INCOME AND |
|
|
|
|
|
|
| ENDOWMENTS FROM |
|
|
|
|
|
|
| Donations and legacies |
3 |
66,719 |
|
|
66,719 |
29 |
| Charitable activities |
5 |
|
|
|
|
|
| Residential & Day Lettings |
|
117,419 |
|
|
117,419 |
198,744 |
| Long Term Lettings Community |
|
22,506 |
|
|
22,506 |
23,538 |
| Investment income |
4 |
46 |
|
|
46 |
83 |
| Total |
|
206,690 |
|
|
206,690 |
222,394 |
| EXPENDITURE ON |
|
|
|
|
|
|
| Raising funds |
|
4,470 |
|
|
4,470 |
2,082 |
| Charitable activities |
6 |
|
|
|
|
|
| Residential & Day Lettings |
|
149,778 |
|
|
149,778 |
166,352 |
| Long Term Lettings Community |
|
8,003 |
|
|
8,003 |
8,401 |
| Catering Services |
|
|
|
|
|
205 |
| Development o f Services |
|
19,547 |
|
|
19,547 |
20,491 |
| Other |
|
10,399 |
|
|
10,399 |
16,107 |
| Total |
|
192,197 |
|
|
192,197 |
213,638 |
| NET INCOME |
|
14,493 |
|
|
14,493 |
8,756 |
| RECONCILIATION OF |
|
|
|
|
|
|
| FUNDS |
|
|
|
|
|
|
| Total funds brought forward |
|
1,099,205 |
631 |
616,000 |
1,715,836 |
1,707,080 |
| TOTAL FUNDS CARRIED |
|
|
|
|
|
|
| FORWARD |
|
1,113,698 |
631 |
616,000 |
1,730,329 |
1,715,836 |
|
|
|
|
|
31.12.20 |
|
31.12.19 |
|
|
Unrestricted |
Restricted |
Endowment |
Total |
|
Total |
|
|
funds |
funds |
funds |
funds |
|
funds |
|
Notes |
• £ |
£ |
£ |
£ |
. |
£ |
| FIXED ASSETS |
|
|
|
|
|
|
|
| Tangible assets |
12 |
1,046,286 |
|
630,000 |
1,676,286 |
1,693,188 |
|
| CURRENT ASSETS |
|
|
|
|
|
|
|
| Debtors |
13 |
29,065 |
143 |
|
29,208 |
|
26,625 |
| Cash at bank and in hand |
|
50,292 |
488 |
− |
50,780 |
|
32,390 |
|
|
79,357 |
631 |
|
79,988 |
|
59,015 |
| CREDITORS |
|
|
|
|
|
|
|
| Amounts falling due within one |
|
|
|
|
|
|
|
| year |
14 |
(9,965) |
|
(2,000) |
(11,965) |
|
(19,387) |
| NET CURRENT ASSETS |
|
69,392 |
631 |
(2,000) |
68,023 |
|
39,628 |
| TOTAL ASSETS LESS |
|
|
|
|
|
|
|
| CURRENT LIABILITIES |
|
1,115,678 |
631 |
628,000 |
1,744,309 |
1,732,816 |
|
| CREDITORS |
|
|
|
|
|
|
|
| Amounts falling due after more |
|
|
|
|
|
|
|
| than one year |
15 |
(1,980) |
|
(12,000) |
(13,980) |
|
(16,980) |
| NET ASSETS |
|
1,113,698 |
631 |
616,000 |
1,730,329 |
1,715,836 |
|
| FUNDS |
18 |
|
|
|
|
|
|
| Unrestricted funds: |
|
|
|
|
|
|
|
| General fund |
|
|
|
|
887,813 |
|
873,320 |
| Revaluation Reserve Fund |
|
|
|
|
225,885 |
|
225,885 |
|
|
|
|
|
1,113,698 |
1,099,205 |
|
| Restricted funds: |
|
|
|
|
|
|
|
| Restricted Fund (Phase 1) |
|
|
|
|
631 |
|
631 |
| Endowment funds: |
|
|
|
|
|
|
|
| Permanent Endowment Fund |
|
|
|
|
68,040 |
|
68,040 |
| Endowment Revaluation Reserve |
Fund |
|
|
|
547,960 |
|
547,960 |
|
|
|
|
|
616,000 |
|
616,000 |
| TOTAL FUNDS |
|
|
|
|
1,730,329 |
1,715,836 |
|
| 3. |
DONATIONS AND LEGACIES |
|
|
|
|
|
|
|
|
|
31.12.20 |
|
31.12.19 |
|
Grants & Donations |
|
|
66,719 |
|
29 |
| 4. |
INVESTMENT INCOME |
|
|
|
|
|
|
|
|
|
31.12.20 |
|
31.12.19 |
|
CBF & Bank Interest |
|
|
46 |
|
83 |
| 5. |
INCOME FROM CHARITABLE ACTIVITIES |
|
|
|
|
|
|
|
|
|
31.12.20 |
|
31.12.19 |
|
|
Residential |
Long Term |
|
|
|
|
|
& Day |
Lettings |
Total |
|
Total |
|
|
Lettings |
Community |
activities |
|
activities |
|
|
£ |
£ |
£ |
|
£ |
|
Busy Bodies Nursery & Insteps Dance |
14,760 |
7,237 |
21,997 |
|
24,214 |
|
Other Lettings |
2,540 |
15,269 |
17,809 |
|
25,213 |
|
Day Letting |
10,561 |
− |
10,561 |
|
41,932 |
|
Strategic Health Board |
59,129 |
|
59,129 |
|
52,723 |
|
Residential |
27,811 |
|
27,811 |
− |
72,763 |
|
Wedding Income |
230 |
|
230 |
|
470 |
|
Car parking |
2,173 |
|
2,173 |
|
4,467 |
|
Working space |
215 |
|
215 |
|
500 |
|
|
117,419 |
22,506 |
139,925 |
|
222,282 |
| 6. |
CHARITABLE ACTIVITIES COSTS |
|
|
|
|
|
|
|
|
|
Support |
|
|
|
|
|
Direct |
costs (see |
|
|
|
|
|
Costs |
note 7) |
|
Totals |
|
|
|
£ |
£ |
|
£ |
|
Residential & Day Lettings |
|
53,455 |
96,323 |
|
149,778 |
|
Long Term Lettings Community |
|
− |
8,003 |
|
8,003 |
|
Development o f Services |
|
2,176 |
17,371 |
|
19,547 |
|
|
|
55,631 |
121,697 |
|
177,328 |
| SUPPORT COSTS |
|
|
|
|
|
|
|
Governance |
|
|
Management |
Finance |
costs |
Totals |
|
£ |
£ |
£ |
£ |
| Other resources expended |
6,416 |
|
3,353 |
9,769 |
| Residential & Day Lettings |
96,039 |
284 |
|
96,323 |
| Long Term Lettings Community |
8,003 |
|
− |
8,003 |
| Development o f Services |
17,371 |
|
|
17,371 |
|
127,829 |
284 |
3,353 |
131,466 |
| Activity |
Basis o f allocation |
|
|
|
| Management |
Floor space, staff time & usage |
|
|
|
| Support costs, included in the above, are as follo |
ws: |
|
|
|
Other |
Residential |
Long Term |
|
resources |
& Day |
Lettings |
|
expended |
Lettings |
Community |
| Wages |
6,416 |
35,210 |
5,171 |
| Property & refurbishment |
− |
29,440 |
− |
| Insurance |
|
5,427 |
1,357 |
| Equipment costs |
− |
4,215 |
468 |
| Irrecoverable VAT |
|
2,644 |
|
| Administration Costs |
|
158 |
|
| Other Professional Fees |
|
2,043 |
1,007 |
| Depreciation o f tangible assets |
|
16,902 |
|
| Credit card charges |
|
284 |
|
| Accountancy |
3,353 |
|
|
|
9,769 |
96,323 |
8,003 |
|
|
31.12.20 |
31.12.19 |
|
Development |
|
|
|
of |
Total |
Total |
|
Services |
activities |
activities |
|
£ |
£ |
£ |
| Wages |
17,371 |
64,168 |
59,797 |
| Property & refurbishment |
|
29,440 |
33,690 |
| Insurance |
|
6,784 |
6,679 |
| Equipment costs |
|
4,683 |
4,979 |
| Irrecoverable VAT |
|
2,644 |
− |
| Administration Costs |
|
158 |
155 |
| Other Professional Fees |
|
3,050 |
5,412 |
| Depreciation o f tangible assets |
− |
16,902 |
16,902 |
| Credit card charges |
|
284 |
525 |
| Accountancy |
|
3,353 |
3,683 |
|
17,371 |
131,466 |
131,822 |
|
|
31.12.20 |
31.12.19 |
| Accountancy |
|
3,353 |
3,683 |
| Depreciation |
−owned assets |
16,902 |
16,902 |
|
|
2020 |
2019 |
| Wages and Salaries |
|
107,102 |
109,340 |
| Social Security Costs |
|
1,985 |
3,214 |
| Pension |
|
769 |
773 |
|
|
109,856 |
113,327 |
| No employee earned more than £60,000. |
|
|
|
| The average number o f paid staff for the year were: |
|
|
|
|
|
2020 |
2019 |
| Administration |
Full Time |
1 |
1 |
|
Part Time |
3 |
3 |
| Other |
Full Time |
1 |
1 |
|
Part Time |
4 |
4 |
| Total |
|
9 |
9 |
| 11. |
**COMPARATIVES FOR THE STATEMENT ** |
**OF FINANCIAL ** |
ACTIVITIES |
|
|
|
|
Unrestricted |
Restricted |
Endowment |
Total |
|
|
funds |
funds |
funds |
funds |
|
INCOME AND ENDOWMENTS FROM |
|
|
|
|
|
Donations and legacies |
29 |
|
|
29 |
|
Charitable activities |
|
|
|
|
|
Residential & Day Lettings |
198,744 |
|
|
198,744 |
|
Long Term Lettings Community |
23,538 |
|
|
23,538 |
|
Investment income |
83 |
|
|
83 |
|
Total |
222,394 |
|
|
222,394 |
|
EXPENDITURE ON |
|
|
|
|
|
Raising funds |
2,082 |
|
|
2,082 |
|
Charitable activities |
|
|
|
|
|
Residential & Day Lettings |
166,352 |
|
|
166,352 |
|
Long Term Lettings Community |
8,401 |
|
|
8,401 |
|
Catering Services |
205 |
|
|
205 |
|
Development o f Services |
20,491 |
|
|
20,491 |
|
Other |
16,107 |
|
|
16,107 |
|
Total |
213,638 |
− |
|
213,638 |
|
NET INCOME |
8,756 |
|
|
8,756 |
|
RECONCILIATION OF FUNDS |
|
|
|
|
|
Total funds brought forward |
1,090,449 |
631 |
616,000 |
1,707,080 |
|
TOTAL FUNDS CARRIED FORWARD |
1,099,205 |
631 |
616,000 |
1,715,836 |
| TANGIBLE FIXED ASSETS |
|
|
|
|
|
Fixtures |
|
|
Freehold |
and |
|
|
property |
fittings |
Totals |
| COST |
|
|
|
| At 1 January 2020 and 31 December 2020 |
1,494,523 |
407,939 |
1,902,462 |
| DEPRECIATION |
|
|
|
| At 1 January 2020 |
|
209,274 |
209,274 |
| Charge for year |
|
16,902 |
16,902 |
| At 31 December 2020 |
|
226,176 |
226,176 |
| NET BOOK VALUE |
|
|
|
| At 31 December 2020 |
1,494,523 |
181,763 |
1,676,286 |
| At 31 December 2019 |
1,494,523 |
198,665 |
1,693,188 |
| Cost or valuation at 31 December 2020 is represented by: |
|
|
|
|
Land and |
Fixtures & |
|
|
Buildings |
Fittings |
Total |
| Valuation in 2004 |
898,798 |
|
898,798 |
| Valuation in 2010 |
(100,000) |
|
(100,000) |
| Cost |
695,725 |
407,939 |
1,103,664 |
|
1,494,523 |
407,939 |
1,902,462 |
| **DEBTORS: AMOUNTS FALLING DUE WITHIN ** |
ONE YEAR |
|
|
31.12.20 |
31.12.19 |
| Trade debtors |
29,065 |
26,482 |
| Due from Unrestricted Fund |
143 |
143 |
|
29,208 |
26,625 |
| 14. |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
|
31.12.20 |
31.12.19 |
|
|
£ |
£ |
|
Other loans (see note 16) |
3,000 |
3,000 |
|
Trade creditors |
1,036 |
5,534 |
|
Social security and other taxes |
2,034 |
3,637 |
|
Due to Restricted Fund |
172 |
172 |
|
Accrued expenses |
5,723 |
7,044 |
|
|
11,965 |
19,387 |
| 15. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
|
|
|
|
31.12.20 |
31.12.19 |
|
|
£ |
£ |
|
Other loans (see note 16) |
13,980 |
16,980 |
| 16. |
LOANS |
|
|
|
An analysis o f the maturity o f loans is given below: |
|
|
|
|
31.12.20 |
31.12.19 |
|
|
£ |
£ |
|
Amounts falling due within one year on demand: |
|
|
|
HDBF loan |
3,000 |
3,000 |
|
|
3,000 |
3,000 |
|
Amounts falling between one and two years: |
|
|
|
HDBF loan −1−2 years |
3,000 |
3,000 |
|
Amounts falling due between two and five years: |
|
|
|
HDBF loan −2−5 years |
9,000 |
9,000 |
|
Amounts falling due in more than five years: |
|
|
|
Repayable by instalments: |
|
|
|
HDBF loan more than 5yrs |
1,980 |
4,980 |
| 17. |
SECURED DEBTS |
|
|
|
The following secured debts are included within creditors: |
|
|
|
|
31.12.20 |
31.12.19 |
|
|
£ |
£ |
|
HDBF loan |
16,980 |
19,980 |
| MOVEMENT IN FUNDS |
|
|
|
|
|
Net |
|
|
|
movement |
At |
|
At 1.1.20 |
in funds |
31.12.20 |
| Unrestricted funds |
|
|
|
| General fund |
873,320 |
14,493 |
887,813 |
| Revaluation Reserve Fund |
225,885 |
|
225,885 |
|
1,099,205 |
14,493 |
1,113,698 |
| Restricted funds |
|
|
|
| Restricted Fund (Phase 1) |
631 |
|
631 |
| Endowment funds |
|
|
|
| Permanent Endowment Fund |
68,040 |
|
68,040 |
| Endowment Revaluation Reserve Fund |
547,960 |
|
547,960 |
|
616,000 |
|
616,000 |
| TOTAL FUNDS |
1,715,836 |
14,493 |
1,730,329 |
| Net movement in funds, included in the above are as follows: |
|
|
|
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
|
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
| General fund |
206,690 |
(192,197) |
14,493 |
| TOTAL FUNDS |
206,690 |
(192,197) |
14,493 |
| Comparatives for movement in funds |
|
|
|
|
|
Net |
|
|
|
movement |
At |
|
At 1.1.19 |
in funds. |
31.12.19 |
| Unrestricted funds |
|
|
|
| General fund |
864,564 |
8,756 |
873,320 |
| Revaluation Reserve Fund |
225,885 |
|
225,885 |
|
1,090,449 |
8,756 |
1,099,205 |
| Restricted funds |
|
|
|
| Restricted Fund (Phase 1) |
631 |
|
631 |
| Endowment funds |
|
|
|
| Permanent Endowment Fund |
68,040 |
|
68,040 |
| Endowment Revaluation Reserve Fund |
547,960 |
|
547,960 |
|
616,000 |
|
616,000 |
| TOTAL FUNDS |
1,707,080 |
8,756 |
1,715,836 |
|
|
Incoming |
Resources |
Movement |
|
|
resources |
expended |
in funds |
|
|
£ |
£ |
£ |
| Unrestricted funds |
, |
|
|
|
| General fund |
|
222,394 |
(213,638) |
8,756 |
| TOTAL FUNDS |
|
222,394 |
(213,638) |
8,756 |
|
|
Net |
|
|
|
movement |
At |
|
At 1.1.19 |
in funds |
31.12.20 |
| Unrestricted funds |
|
|
|
| General fund |
864,564 |
23,249 |
887,813 |
| Revaluation Reserve Fund |
225,885 |
|
225,885 |
|
1,090,449 |
23,249 |
1,113,698 |
| Restricted funds |
|
|
|
| Restricted Fund (Phase 1) |
631 |
|
631 |
| Endowment funds |
|
|
|
| Permanent Endowment Fund |
68,040 |
|
68,040 |
| Endowment Revaluation Reserve Fund |
547,960 |
|
547,960 |
|
616,000 |
|
616,000 |
| TOTAL FUNDS |
1,707,080 |
23,249 |
1,730,329 |
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
|
£ |
£ |
£ |
| Unrestricted funds |
|
|
|
| General fund |
429,084 |
(405,835) |
23,249 |
| TOTAL FUNDS |
429,084 |
(405,835) |
23,249 |
| INCOME AND ENDOWMENTS |
|
|
| Donations and legacies |
|
|
| Grants & Donations |
66,719 |
29 |
| Investment income |
|
|
| CBF & Bank Interest |
46 |
83 |
| Charitable activities |
|
|
| Busy Bodies Nursery & Insteps Dance |
21,997 |
24,214 |
| Other Lettings |
17,809 |
25,213 |
| Day Letting |
10,561 |
41,932 |
| Strategic Health Board |
59,129 |
52,723 |
| Residential |
27,811 |
72,763 |
| Wedding Income |
230 |
470 |
| Car parking |
2,173 |
4,467 |
| Working space |
215 |
500 |
|
139,925 |
222,282 |
| Total incoming resources |
206,690 |
222,394 |
| EXPENDITURE |
|
|
| Raising donations and legacies |
|
|
| Wages |
1,852 |
1,925 |
| Other trading activities |
|
|
| Bad debts |
2,618 |
157 |
| Charitable activities |
|
|
| Wages |
43 ,067 |
50,831 |
| Pensions |
769 |
773 |
| Marketing |
2,176 |
3,713 |
| Cost o f supplies |
9,400 |
17,540 |
| Loan interest |
219 |
433 |
|
55,631 |
73,290 |
| Other |
|
|
| Car parking costs |
630 |
6,444 |
| Support costs |
|
|
| Management |
|
|
| Wages |
64,168 |
59,797 |
| Property & refurbishment |
29,440 |
33,690 |
| Insurance |
6,784 |
6,679 |
| Carried forward |
100,392 |
100,166 |
| FOR THE YEAR ENDED 31 DECEMBER 2020 |
|
|
|
31.12.20 |
31.12.19 |
| Management |
|
|
| Brought forward |
100,392 |
100,166 |
| Equipment costs |
4,683 |
4,979 |
| Irrecoverable VAT |
2,644 |
|
| Administration Costs |
158 |
155 |
| Other Professional Fees |
3,050 |
5,412 |
| Fixtures & fittings −dep'n |
16,902 |
16,902 |
|
127,829 |
127,614 |
| Finance |
|
|
| Credit card charges |
284 |
525 |
| Governance costs |
|
|
| Accountancy |
3,353 |
3,683 |
| Total resources expended |
192,197 |
213,638 |
| Net income |
14,493 |
8,756 |