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2021-05-31-accounts

FOR T HE YEAR EN DED 31MARCH 202 1
Permanent
Unrestricted Funds Restricted Funds Endowment Funds
~see Note 4 (saee Note 5 ~see Note 6 Total
Notes 2021 2021 2021 2021
6 E E E
INCOME AND ENDOWMENTS FROM:
Donations 234 234
Charitable
Activities:
Accommodation
Charges		 235,847 235,847
Grants Receivable
Investment
Income		 1,082 1,082
TOTAL 237,163 237,163
EXPENDITURE ON:
Charitable
Activities:
Almshouse
Costs		 10 212,093 212,093
Housing
Property
Revaluation
Deficit		 11 (7,940) (7,940)
TOTAL 204,153 204,153
33,010 33,010
NET INVESTMENT GAINS/(LOSSES)
Unrealised
Investment
Gains/(Losses)		 12 11,878 11,878
NET INCOME 44,888 44,888
TRANSFERS BETWEEN FUNDS (30,322) 30,322
OTHER RECOGNISED GAINS/(LOSSES)
Gain on Revaluation of Housing Properties 15,373 474,313 489,686
NET MOVEMENT IN FUNDS 14,566 15,373 504,635 534,574
RECONCILIATION
OF FUNDS:
Total Funds Brought Forward 253,712 815,569 3,965,202 5,034,483
Total Funds Carried Forward 268,278 830,942 4,469,837 5,569,057
Notes 2021
FIXEDASSETS
Housing
Properties		 11 6,072,950
Investments 12 81,220
6,154,170
CURRENT ASSETS
Debtors 13 7,781
Cash at Bank 14 285,004
292,785
CREDITORS: Amounts falling due
within one year 15 96,821
NET CURRENT ASSETS 195,964
TOTAL ASSETS LESS CURRENT LIABILITIES 6,350,134
CREDITORS: Amounts falling due after
more than one year 16 781,077
NET ASSETS 18 5,569,057
REPRESENTED BY:
FUNDS AND RESERVES
Permanent
Endowment		 Funds 4,469,837
Restricted
Funds		 830,942
Unrestricted
Funds		 268,278
5,569,057

Revenue
Reserve Reserve Reserve Total
Notes 2021 2021 2021 2021
E
INCOME AND ENDOWMENTS FROM:
Voluntary
Income —Donations		 234 234
Charitable
Activities:
Almshouse
Income		 235,847 235,847
Investment
Income		 1082 1,082
TOTAL 237 163 237,163
EXPENDITURE ON:
Charitable
Activities:
Almshouse
Costs		 10 38,066 174,027 212,093
Housing
Property revaluation		 deficit 11 (7,940) (7 940)
TOTAL 38,066 166,087 204,153
(38,066) 71,076 33,010
NET GAINS/(LOSSES)
ON INVESTMENTS
Unrealised 12 7,230 4,648 11,878
NET INCOME/(EXPENDITURE) (30,836) 75,724 44,888
TRANSFERS BEIWEEN FUNDS
Permanent
Endowment
Funds
Housing Property additions in year (30,322) (30,322)
Housing
Property grants received		 in year
Housing Property depreciation charge for year
Housing
Loan advance
in year
(30,322) (30,322)
Restricted
Funds
Housing
Property
depreciation		 charge for year
Provision for the year 33,474 21,691 (55,165)
Contributions
towards
extraordinary		 repairs (21,691) 21,691
33,474 (63796) (30 322)
NET MOVEMENT IN FUNDS 2,638 14 566
RECONOLIATION
OF FUNDS:
Total Funds Brought Forward 111,588 142,124 253,712
Total Funds Carried Forward 114,226 154,052 268,278

ESTRICTED FUNDS
1—7Winnocks
Colchester BC Colchester BC
Grant Fund Grant Fund Grant Fund Total
Notes 2021 2021 2021 2021
E E 5
INCDME AND ENDOWMENTS FROM:
Charitable
Activities:
Grants Receivable
TOTAL
NET INCOME
TRANSFERS BEIWEEN FUNDS
Revenue Reserve
Housing Property depreciation charge for year
OTHER RECOGNISED GAINS/(LOSSES)
Gain on Revaluation of Housmg Properties 12,623 91 2,659 15,373
NET MOVEMENT IN FUNDS 12,623 91 2,659 15,373
RECONCILIATION
OF FUNDS:
Total Funds Brought Forward 366,154 2,668 446,747 815,569
Total Funds Carried Forward 378,777 2,759 449,406 830,942

TRANSFERS BETWEEN FUNDS
Revenue Reserve
Housing
Property
additions
in year
Housing
Property grants received		 in year
Housing
Property depreciation		 charge for year
Housing
Loan advance
in year
OTHER RECOGNISED GAINS/(LOSSES)
Gain on Revaluation
of Housing		 Properties
NET MOVEMENT
IN FUNDS
RECONCILIATION
OF FUNDS:
Total Funds Brought Forward
Total Funds Carried Forward
Charitable Fund Pro e
Reserve Revaluation Reserve Total
Notes 2021 2021 2021
30,322 30,322
30,322 30,322
64,875 409,438 474,313
95,197 409,438 504,635
2,065,976 1,899,226 3,965,202
2,161,173 2,308,634 4,469,837

7. HOUSING STOCK
2021
Lettable Units
1-8,10,12, 14,16, 17, 19-28,30 Kendalls Terrace, Colchester, Essex 24
1A-1B,2-6, 7A-78, 8-12,14-18Winnocks Terrace, Colchester, Essex 19
43
The development
of		 1—78Winnocks was completed by 29 October 2019.
8. ALMSHOUSE INCOME
2021
Accommodation
Charges
Weekly Maintenance Contributions Receivable 246,939
Less: Losses from Voids (22,032)
224,907
Gas Contributions Receivable 9,192
Water Contributions Receivable 1,748
235,847
9. INVESTMENT INCOME
2021
f
Interest receivable from unlisted investments being:
COIF Deposit Account interest 61
Interest and Dividends receivable from listed investments being:
NAACIF Income Shares 1,010
Wayleaves 11
1,082

MSHOUSE COSTS
2021
Revenue Reserve
Expenditure
on Letting Housing Accommodation
CouncilTax 1,175
Water Charges 3,290
Gas and Electricity 12,075
Central Heating Maintenance 8,502
Insurance 3,736
Warden's
Salary		 2,800
Telephone
and Broadband		 2,670
Day to Day Maintenance 13,332
Extraordinary
Repairs		 33,191
Garden Maintenance 10,847
Careline 4,710
Cleaning 580
Bad Debts Written
Off		 475
Sundry Expenses 364
Housing
Loan Interest Charges		 40,536
Depreciation
of Housing Properties
Depreciation
of Fixtures and Fittings
138,283
Support Costs —Governance Costs
Warden's
Salary		 2,800
Clerk's Fees and Expenses 24,600
Auditors'
Remuneration		 1,458
Accountancy
Fees		 5,412
Legal and Professional Fees 306
Subscriptions 295
Bank Charges 370
Sundry Expenses 473
35,744
174,027
Cyclical Maintenance
Reserve
Cyclical Maintenance 38,066
212,093

HOUSING PROPERTIES
Btoig
Winnocks
ito7 and Total Total
Land Winnocks Kendalls 2021
f E
COST OR VALUATION
At beginning
ofthe year		 200,000 1,600,000 3,874,126 5,674,126
Addition
at cost		 30,322 30,322
Revaluation
(deficit)/surplus		 17,678 350,824 368,502
At end ofthe year 200,000 1,64&,000 4,224,950 6,072,950
DEPRECIATION
At beginning
ofthe year		 129,124 129,124
Charge forthe year
Adjustment
on revaluation		 (129,124) (129,124)
At end ofthe year
NET BOOK VALUE
At beginning
ofthe year		 200,000 1,600,000 3,745,002 5,545,002
At end ofthe year 200,000 1,648,000 4,224,950 6,072,950
FIXTURE AND FITTINGS
2021
E
COST
At beginning
ofthe year
Disposals
At end ofthe year
DEPRECIATION
At beginning
ofthe year
Charge forthe year
On Disposals
At end ofthe year
NET BOOK VALUE
At beginning
ofthe year
At end ofthe year

NVESTMENTS
2021
E
Listed Investments
Market value at beginning
and end		 ofthe year 59,342
Additions at cost 10,000
Unrealised
gains/(losses)		 during the year 11,878
Market value at end ofthe year 81,220
Cost at end ofthe year 65,558
Market value at end ofthe year comprises:
28,839.286 (28,839.286) M &6 Charity Multi Asset Income Shares 25,505
244.492(186.046) M &6 Charity Multi Asset Fund Accumulation Shares 24,374
265.178(265.178) M &6 Charity Multi Asset Fund Accumulation Shares- ERF 26,436
523.69(Nil) CCLA COIF Fixed Interest Accumulation Shares 4,905
81,220
The market value at end ofthe year is held forthe following funds:
Cyclical Maintenance Reserve 47,673
Revenue Reserve 33,547
81,220
DEBTORS
2021
Contributions
in Arrears		 5,426
Other Debtors 403
Prepayments
and Accrued Income		 1,952
7,781
ASH AT BANK
2021
Bank Current Account 123,496
COIF Deposit Account 161,508
285,004
REDITORS: Amounts falling due
within one year
2021
6
Housing
Loan (SeeNote		 17) 18,923
Contributions
in Advance		 6,923
Other Creditors 61,136
Accruals 9,839
96,821

2021
Due Within One Year 18,923
Due in One to Two Years 19,903
Due in Two to Five Years 65,983
Due in More Than Five Years 695,191
781,077
800,000

Fixed Assets Net Current
~Tan ible Assets Less
Fixed ~Lon Term
Assets Investments Loan Total
E E E f
Permanent
Endowment		 Funds
Charitable Fund Property Reserve 2,961,173 (800,000) 2,161,173
Housing Properties Revaluation Reserve 2,308,664 2,308,664
Restricted
Funds
Social Housing
Grant		 Fund 378,777 378,777
Colchester BCGrant Fund 2,759 2,759
1—7Winnocks Colchester BCGrant Fund 449,406 449,406
Unrestricted Funds
Designated Reserves
Cyclical Maintenance Reserve 47,673 66,553 114,226
Revenue Reserve (27,829) 33,547 148,334 154,052
6,072,950 81,220 (585,113) 5,569,057

2021
Warden
The aggregate payroll cost ofthis person was as follows:
2021
f
Salaries and Wages 9,600
The Warden payroll cost is apportioned as follows:
Expenditure
on Letting Housing Accommodation
Support Costs- Governance Costs

INANCIAL COM MITMEN TS
2021
6
Authorised
but		 not contracted for:
Replacement guttering at Kendalls Terrace 6,840
Refurbishment works at 3 and 6 Kendalls Terrace 8,140
Refurbishment works to 16Kendalls Terrace
Refurbishment works to 14Kendalls Terrace
14,980

F OR THE YEAR ENDE D 31MAY 2021
2021
INCOME AND ENDOWMENTS
CHARITABLE ACTIVITIES
Weekly maintenance contributions receivable 224,907
Gas and water contributions receivable 10,940
235,847
INVESTMENT INCOME
COIF deposit account interest 61
NAACIF income shares dividends 1,010
Wayleaves 11
1,082
GRANTS RECEIVABLE
Grants receivable
VOLUNTARY
INCOME
Donations 234
TOTAL INCOMING
RESOURCES		 237,163
EXPENDITURE
CHARITABLE ACTIVITIES
Council tax 1,175
Water charges 3p290
Gas and electricity 12,075
Central heating maintenance 8,502
Insurance 3,736
Warden's
salary		 2,800
Telephone
and Broadband		 2,670
Day to day maintenance 13,332
Cyclical maintenance 38,066
Extraordinary
repairs		 33,191
Garden maintenance 10,847
Care)inc 4,710
Cleaning 580
Bad debts written
off		 475
Sundry expenses 364
Housing
loan interest		 charges 40,536
Depreciation ofhousing properties
Depreciation offixtures and fittings
176,349
SUPPORT COSTS —GOVERNANCE COSTS
Wardens salary 2,800
Clerk's fees and expenses 24,600
Auditors'
remuneration		 1,458
Accountancy
fees		 5,442
Legal fees 306
Subscriptions 295
Bank charges 370
Sundry expenses 473
35,744
212,093
OTHER
Revaluation
deficit and depreciation		 adjustment on 1-7Winnocks (7,940)
TOTAL RESOURCES EXPENDED 204,153
NET INCOME BEFORE GAINS AND LOSSES 33,010
NET INVESTMENT GAINS/(LOSSES)
Unrealised
gains/(losses)		 on investments 11,878
NET INCOME 44,888