2020-12-31-accounts - Rosemary Almshouse

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`REFERENCEANDADMINISTRATIVEDETAILS`
`CharityName:`	`RosemaryAlmshouses`
`CharityRegisteredNumber:`	`1157430`
`AlmshouseAssociationMembershipNumber:`	`1566`
`AddressofPrincipalOffice:`	`POBox993,Colchester,EssexC033TQ`
`Trustees:`
`TheTrusteeswhoservedduringtheyearandtothedateofthisreportwere:`
`MrD.T.Ireland`	`Chairman`
	`Co-optiveTmstee`
	`ReappointedinMay2019tosen/eforfouryears`
`MrsR.M.Jackson`	`Co-optiveTnjstee`
	`ReappointedinMay2019tosen/eforfouryears`
`MrsS.Spice`	`Co-optiveTrustee`
	`ReappointedMay2019toserveforfouryears`
`MrA.Wames`	`Co-optiveTrustee`
	`ReappointedinNovember2020toserveforfouryears`
`ReverendA Bushell`	`Co-optiveTrustee`
	`Reappointed18September2018tosen/eforfouryears`
`MrD.Kent`	`Co-optiveTmstee`
	`ReappointedinNovember2019tosen/eforfouryears`
`CllrD.Jordan`	`NominativeTrusteeofStanwayParishCouncil`
	`Appointed19May2020tosen/eforfouryears`
`TherearenovacandesontheTrusteebody`
`ClerktotheCharity:`	`MrM G Siggs,MA,POBox993,Colchester,EssexC033TQ.`
	`Tel:01206765138`
`Bankers:`	`NatWest,25HighStreet,Coichester,EssexC01IDG.`
`IndependentExaminer:`	`MelindaSimpson,CharteredAccountant`
	`HainesWatts,Tovi/nWallHouse,BalkemeHill,Colchester,Essex,C033AD.`
	`Telephone:01206549303`
`Soiicitors:`	`AnthonyCollinsSolicitorsLLP,134,EdmundStreet,Birmingham,B32ES`

		`UnrestrictedFunds`	`UnrestrictedFunds`	`RestrictedFunds`	`RestrictedFunds`	`PermanentEndowmentFunds`	`PermanentEndowmentFunds`
		`(seeNote3)`		`(seeNote4)`		`(seeNote51`		`Total`
	`Notes`	`2020`	`2019`	`2020`	`2019`	`2020`	`2019`	`2020`	`2019`
		`£`	`£`	`£`	`£`	`£`	`£`	`£`	`£`
`INCOMEANDENDOWMENTSFROM:`
`DonationsandLegacies:`
`GrantsReceivable`				`91,963`	`10,219`	`-`		`91,963`	`10,219`
`CharitableActivities:`
`Contributionsincome`	`6`	`21,541`	`23,670`					`21,541`	`23,670`
`Investmentincome`	`7`	`4`	`10`					`4`	`10`
`TOTAL`		`21,545`	`23,680`	`91,983`	`10,219`	`-`		`113,508`	`33,899`
`EXPENDITUREON:`
`CharitableActivities:`
`AimshouseCosts`	`8`	`34,343`	`24,120`					`34,343`	`24,120`
`TOTAL`		`34,343`	`24,120`	I	`-`	`-`		`34,343`	`24,120`
		`(12,798)`	`(440)`	`91,963`	`10,219`	I		`79,165`	`9,779`
`NETGAINS/(LOSSES)ONINVESTMENTS`
`Unrealisedgains/(iosses)`	`11`	`(1.726)`	`8,362`	`-`	`-`	`-`		`(1.726)`	`8,362`
`NETINCOME/(EXPENDITURE)`		`(14,524)`	`7,922`	`91,963`	`10,219`	`-`		`77,439`	`18,141`
`TRANSFERSBETWEENFUNDS`		`31,077`	`4,725`	`-`	`-`	`(31,077)`	`(4,725)`	I	`-`
`NETMOVEMENTINFUNDS`		`16,553`	`12,647`	`91,963`	`10,219`	`(31,077)`	`4,725`	`77,439`	`18,141`
`RECONCILIATIONOFFUNDS:`
`TotalFundsBroughtForward`		`65,657`	`53,010`	`30,021`	`19,802`	`556,005`	`560,730`	`651,683`	`633,542`
`TotalFundsCarriedForward`		`82,210`	`65,657`	`121,984`	`30,021`	`524,928`	`556,005`	`729,122`	`651,683`

		`Notes`
					`£`	`£`
`FIXEDASSETS`
`LandandBuildings`		`10`		`634,023`		`586,026`
`Investments`		`11`
`ExtraordinaryRepairReserve`			`12,419`		`12,828`
`CyclicalMaintenance`	`Reserve`		`39,317`		`40,609`
`GeneralInvestments`			`751`		`776`
				`52.487`		`54,213`
				`686,510`		`640,239`
`CURRENTASSETS`
`DebtorsandPrepayments`		`12`	`601`		`600`
`BankCurrentAccount`			`52,249`		`15,638`
`COIFDepositAccount-`	`CyclicalMaintenanceReserve`		`1.594`		`1,590`
			`54,444`		`17,828`
`CURRENTLIABILITIES`
`CreditorsandAccruals`		`13`	`11,832`		`6,384`
`NETCURRENTASSETS`				`42,612`		`11,444`
`NETASSETS`		`14`		`729,122`		`651,683`
`REPRESENTEDBY:`
`CAPITALANDRKERVES`
`PermanentEndovwnentFunds:`
`PermanentEndowmentFund`			`18,624`		`39,153`
`PropertyRevaluationReserve`			`506,304`		`516,852`
				`524,928`		`556,005`
`RestrictedFunds:`
`LandatRearofAlmshousesFund`			`19,802`		`19,802`
`NationaiAssociationofAlmshousesGrantFund`			`10,219`		`10,219`
`HomesEnglandGrant`	`Fund`		`91,963`
				`121,984`		`30,021`
`UnrestrictedFunds:`
`DesignatedReserves`
`ExtraordinaryRepairReserve`			`12,419`		`12,828`
`CyclicalMaintenanceReserve`			`49,098`		`51,166`
			`61,517`		`63,994`
`AccumulatedIncome`			`20,693`		`1,663`
				`82,210`		`65,657`
				`729,122`		`651,683`
`DT Ireland`		`TRUSTEES`
`Mrs8` `Spice`

`UNRESTRICTEDFUNDS`
			`Desionated`	`Funds`
		`Extraordinary`		`CyclicalMaintenance`
	`Notes`	`Repair`	`Reserve`	`Reserve`		`Accumulated`	`Income`	`Total`
		`2020`	`2019`	`2020`	`2019`	`2020`	`2019`	`2020`	`2019`
		`£`	`£`	`£`	`£`	`£`	`£`	`£`	`£`
`INCOMEANDENDOWMENTSFROM;`
`CharitableActivities:`
`ContributionsIncome`	`6`	I	`-`	`-`	`-`	`21,541`	`23,670`	`21,541`	`23,670`
`InvestmentIncome`	`7`					`4`	`10`	`4`	`10`
`TOTAL`		I	`-`	`-`	`-`	`21,545`	`23,680`	`21,545`	`23,680`
`EXPENDITUREON:`
`CharitableActivities:`
`AlmshouseCosts`	`8`			`4,931`		`29,412`	`24,120`	`34,343`	`24,120`
`TOTAL`		`-`	`-`	`4,931`	`-`	`29,412`	`24,120`	`34,343`	`24,120`
		I	`•`	`(4.931)`	`•`	`(7,887)`	`(440)`	`(12,798)`	`(440)`
`NETGAINS/(LOSSES)ONINVESTMENTS`
`Unrealisedgains/(losses)`	`11`	`(409)`	`1,601`	`(1.292)`	`6,264`	`(25)`	`497`	`(1.728)`	`8,362`
`NETINCOME/(EXPENDiTURE)`		`(409)`	`1,601`	`(6,223)`	`6,264`	`(7.892)`	`57`	`(14,524)`	`7,922`
`TRANSFERSBETWEENFUNDS`
`ProvisionfortheYear`		`2,540`	`2,450`	`4,155`	`4,010`	`(8,895)`	`(6,400)`
`ContributiontowardsExtraordinaryRepairs`		`(2.540)`				`2,540`
`TransfertoPermanentEndowmentFundbeing:`
`LandandBuildingsAdditionsintheyear`						`20,141`	`(6,191)`	`20,141`	`(6,191)`
`LandandBuildingsDepreciationChargeforyear`						`10,938`	`10,916`	`10,938`	`10,916`
		`-`	`2,450`	`4,155`	`4,010`	`28,922`	`(1,735)`	`31,077`	`4,725`
`NETMOVEMENTINFUNDS`		`(409)`	`4,051`	`(2,088)`	`10,274`	`19,030`	`(1.678)`	`18,553`	`12,647`
`RECONCILIATIONOFFUNDS;`
`TotalFundsBroughtFon/vard`		`12,828`	`8,777`	`51,186`	`40,892`	`1,883`	`3,341`	`85,857`	`53,010`
`TotalFundsCarriedForward`		`12,419`	`12,828`	`49,098`	`51,166`	`20,893`	`1,663`	`82,210`	`65,657`

`ESTRICTEDFUNDS`
		`LandatRearof`		`NationalAssociationof`		`HomesEngland`
	`Notes`	`AlmshousesFund`		`AlmshousesGrantFund`		`GrantFund`		`Total`
		`2020`	`2019`	`2020`	`2019`	`2020`	`2019`	`2020`	`2019`
		`£`	`£`	`£`	`£`	`£`	`£`	`£`	`£`
`INCOMEANDENDOWMENTSFROM;`
`DonationsandLegacies:`
`GrantsRecavable`					`10,219`	`91,963`		`91,963`	`10,219`
`NETINCOMEBEINGTHE`
`NETMOVEMENTINFUNDS`					`10,219`	`91,963`		`91,963`	`10,219`
`RECONCILIATIONOFFUNDS:`
`TotalFundsBroughtForward`		`19,802`	`19,802`	`10,219`				`30,021`	`19,802`
`TotalFundsGamedFon/vard`		`19,802`	`19,802`	`10,219`	`10,219`	`91,963`		`121,984`	`30,021`

`RMANENTENDOWMENTFUNDS`
	`Permanent`		`Propertv`	`Revaluation`
	`Endowment`		`Reserve`		`Total`
	`2020`	`2019`	`2020`	`2019`	`2020`	`2019`
	`£`	`£`	`£`	`£`	`£`	`£`
`TRANSFERSBETWEENFUNDS`
`TransferfromAccumulated`
`Incomebeing:`
`LandandBuildingsAdditions`
`intheYear`	`(20,141)`	`6,191`			`(20,141)`	`6,191`
`LandandBuildings`
`DepreciationfortheYear`	`(388)`	`(399)`	`(10,548)`	`(10,517)`	`(10,936)`	`(10,916)`
`NETMOVEMENTINFUNDS`	`(20,529)`	`5,792`	`(10,548)`	`(10,517)`	`(31,077)`	`(4,725)`
`RECONCILIATIONOFFUNDS`
`TotalFundsbroughtforward`	`39,153`	`33,361`	`516,852`	`527,369`	`556,005`	`560,730`
`TotalFundscarriedforward`	`18,624`	`39,153`	`506,304`	`516,852`	`524,928`	`556,005`

`2020`	`2019`
`£`	`£`
`26,188`	`24,793`
`4,647`	`1,123`
`21,541`	`23,670`

`MSHOUSECOSTS`
		`2020`			`2019`
	`£`		`£`	`£`
`AccumulatedIncome`
`ExpenditureonLettingHousingAccommodation`
`WaterCharges`	`746`			`789`
`VacantPropertyElectricity`	`-`			`119`
`Insurance`	`778`			`787`
`Helpline`	`210`			`207`
`RepairsandMaintenance`	`2,365`			`1,230`
`ExtraordinaryRepairs`	`5,580`			`-`
`Gardening`	`4,176`			`4,618`
`BadDebtsWrittenOff`	`389`			`167`
`SundryExpenses`	`245`			`282`
`DepreciationCharge`	`10,936`			`10,916`
			`25,425`			`19,115`
`SupportCosts-` `GovemanceCosts`
`AdministrationCosts`	`2,767`			`2,550`
`AccountancyFees`	`954`			`822`
`IndependentExaminationFees`	`126`			`120`
`LegalFees`	`-`			`1,380`
`Subscriptions`	`140`			`133`
			`3,987`			`5,005`
			`29,412`			`24,120`
`CyclicalMaintenanceResen/e`
`CyclicalRepairs`			`4,931`
			`34,343`			`24,120`

	`Housing`	`LandatRear`	`Total`	`Total`
	`Properties`	`ofAlmshouses`	`2020`	`2019`
	`£`		`£`	`£`
`COSTORVALUATION`
`Atthebeginningoftheyear`	`546,780`	`50,162`	`596,942`	`580,532`
`Additionsatcost`		`58,933`	`58,933`	`16,410`
`Attheendoftheyear`	`546,780`	`109,095`	`655,875`	`596,942`
`DEPRECIATION`
`Atthebeginningoftheyear`	`10,916`		`10,916`
`Chargefortheyear`	`10,936`		`10,936`	`10,916`
`Attheendoftheyear`	`21,852`		`21,852`	`10,916`
`NETBOOKVALUE`
`Atthebeginningoftheyear`	`535,864`	`50,162`	`586,026`	`580,532`
`Attheendoftheyear`	`524,928`	`109,095`	`634,023`	`586,026`

`NVESTMENTS`
	`2020`	`2019`
	`£`	`£`
`ExtraordinaryRepairReserve`
`Marketvalueatbeginningofyear`
`134.241M&GCharityMuitiAssetFundAccumulationShares*(2019108.602NAACIF`
`AccumulationShares)`	`12,828`	`8,777`
`Unrealisedgains/(losses)`	`(409)`	`1,601`
`TransferfromGeneralInvestmentsatMarketValueasat31December2020`
`Nil(201925.639)M&GCharityMultiAssetAccumulationShares`		`2,450`
`Marketvalueatendofyear`
`134.241(2019134.241)M&GCharityMultiAssetFundAccumulationShares`	`12,419`	`12,828`
`Costatendofyear`	`6,408`	`6,408`
`CyclicalMaintenanceReserve`
`Marketvalueatbeginningofyear`
`424.974M&GCharityMultiAssetAccumulationShares*(2019424.974NAACIF`
`AccumulationShares)`	`40,609`	`34,345`
`Unrealisedgains/(losses)`	`(1.292)`	`6,264`
`Marketvalueatendofyear`
`424.974(2019424.974)M&GCharityMultiAssetAccumulationShares`	`39,317`	`40,609`
`Costatendofyear`	`28,605`	`28,605`
`GeneralInvestments`
`Marketvalueatbeginningofyear`
`8.123M&GCharityMultiAssetAccumulationShares*(201933.762NAACIF`
`AccumulationShares)`	`776`	`2,729`
`Unrealisedgains/(losses)`	`(25)`	`497`
`TransfertoExtraordinaryRepairReserveInvestmentsatMarketValue`
`asat31December2020`
`Nil(201925.639)M&GChaityMultiAssetAccumulationShares`		`(2,450)`
`Marketvalueatendofyear`
`8.123(20198.123)M&GCharityMultiAssetAccumulationShares`	`751`	`776`
`Costatendofyear`	`312`	`312`
`Totalinvestments`
`Marketvalueatendoftheyear`
`ListedIndirectHoldings`
`567.338(2019567.338)M&GCharityMultiAssetAccumulationShares`	`52,487`	`54,213`
`Costatendofyear`	`35,325`	`35,325`

`BTORSANDPREPAYMENTS`
			`2020`	`2019`
			`£`	`£`
`ContributionsinArrears`			`83`	`168`
`Prepayments`			`518`	`432`
			`601`	`600`
`REDITORSANDACCRUALS`
			`2020`	`2019`
			`£`	`£`
`ContributionsReceivedinAdvance`			`1,928`	`1,217`
`OtherCreditors`			`9,622`	`4,894`
`Accruals`			`284`	`273`
			`11,832`	`6,384`
`NALYSISOFNETASSETSBETWEENFUNDS`
	`Fixed`	`Assets`	`Net`
	`Landand`		`Current`
	`Buildings`	`Investments`	`Assets`	`Total`
			`£`	`£`
`PermanentEndowmentFunds:`
`PermanentEndowmentFund`	`18,624`			`18,624`
`PropertyRevaluationReserve`	`506,304`			`506,304`
`RestrictedFunds:`
`LandatRearofAlmshouses`	`19,802`			`19,802`
`NationalAssociationofAlmshousesGrantFund`	`10,219`			`10,219`
`HomesEnglandGrantFund`	`79,074`		`12,889`	`91,963`
`UnrestrictedFunds:`
`DesignatedReserves`
`ExtraordinaryRepairReserve`		`12,419`		`12,419`
`CyclicalMaintenanceReserve`		`39,317`	`9,781`	`49,098`
`AccumulatedIncome`		`751`	`19.942`	`20,693`
	`634,023`	`52,487`	`42,612`	`729,122`


	`£`	`£`	`£`	`£`
`INCOMEANDENDOWMENTS`
`DONATIONSANDLEGACIES`
`NationalAssociationofAlmshousesGrant`			`10,219`
`HomesEn^andGrant`	`91,963`
		`91,963`		`10,219`
`CHARITABLEACTIVITIES`
`WeeklyMaintenanceContributionsReceivabie`		`21,541`		`23,670`
`INVESTMENTINCOME`
`COIFDepositAccountinterestReceivable`		`4`		`10`
`TOTALINCOMINGRESOURCES`		`113,508`		`33,899`
`EXPENDITURE`
`CHARITABLEACTIVITIES`
`AlmshouseCosts`
`WaterCharges`	`746`		`789`
`VacantPropertySectiicity`			`119`
`Insurance`	`778`		`787`
`Helpline`	`210`		`207`
`RepairsandMaintenance`	`2,365`		`1,230`
`Cyclicalrepairs`	`4,931`
`ExtraordinaryRepairs`	`5,580`
`Gardening`	`4,176`		`4,618`
`BadDebtsWrittenOff`	`389`		`167`
`SundryExpenses`	`245`		`282`
`DepreciationCharge`	`10,936`		`10,916`
		`30,356`		`19,115`
`SUPPORTCOSTS-` `GOVERNANCECOSTS`
`AdministrationCosts`	`2,767`		`2,550`
`independentExaminationFees`	`954`		`822`
`AccountancyFees`	`126`		`120`
`LegalFees`			`1,380`
`Subscriptions`	`140`		`133`
		`3,987`		`5,005`
`TOTALRESOURCESEXPENDED`		`34,343`		`24,120`
`NETINCOMEBEFOREGAINSANDLOSSES`		`79,165`		`9,779`
`NETINVESTMENTGAINS/(LOSSES)`		`(1.726)`		`8,362`
`NETINCOME`		`77,439`		`18,141`