| Page | |
|---|---|
| Trustees Report | 7-5 |
| Independent Examiner'sReport | 6 |
| Statementof financialActivities | 7 |
| BalanceSheet | 8 |
| Notes toFinancialStatements | 9-12 |
financialdifficulties. |
financialdifficulties. |
|---|---|
| Thus,duringthe yearto31Marchzlz7,thefollowinggrantswere paid: | |
| EducationalGrants | f13,473 |
| Research&Development | f.76,962 |
| CovidGrants awardedto | f45,000 |
| organisationsin | |
| Hertfordshire employing | |
| communitynurses | |
| WelfareGrants | |
| Total |
| AS | AT31stMARCHZ | O27 | |||
|---|---|---|---|---|---|
| Unrestricted | Total | Total | |||
| Note | General | Designated | 2021, | 2020 | |
| f | t | f. | f | ||
| INCOMINGRESOURCES | |||||
| Rental Income | 52,249 | 52,249 | 47,874 | ||
| Insuranceclaim | 0 | 0 | L,L76 | ||
| InvestmentIncome(gross) | 4 | 32,777 | 32.,7L7 | 38,811 | |
| DepositInterest-Bank | 4 | 11 | 11 | 13 | |
| -COIF | 4 | 6 | 6 | 31 | |
| Donations | 10,000 | 10,000 | 0 | ||
| VirginMoney | 554 | 554 | 4t5 | ||
| Total IncomeResources | 95.537 | 95.537 | 88.320 | ||
| RESOURCESEXPENDED | |||||
| Direct Charitable Expenditure | |||||
| HousingActivities: | |||||
| Property Management | 12,451 | 12,457 | 70,044 | ||
| PropertyMaintenance | 34,268 | 34,268 | r7,557 | ||
| Non-housing activities: | |||||
| Gratuitiesand grants | 77.279 | 77.279 | 79.479 | ||
| Provisionfortraining project | 10 | 0 | 0 | ||
| Provisionformajorgrants | 10 | 0 | 0 | ||
| 1,23.938 | |||||
| OtherExpenditure | |||||
| Management -Housing | 450 | 450 | 463 | ||
| -Non Housing | 870 | 870 | 720 | ||
| 5 | 7.320 | L.320 | 1.183 | ||
| TotalResources Expended | r25.258 | 725.258 | 48.263 | ||
| Netincome/Outgoingo | |||||
| Resources | -29,727 | -29,721 | 40,057 | ||
| Gainsfl-osses(-)on | |||||
| InvestmentAssets | ll | 736.274 | 736.274 | -723.864 | |
| MovementinFunds | 706,493 | 706,493 | -83,807 | ||
| Transferfromdesignatedfunds | |||||
| Fund Balancesbrought | |||||
| forwardlstApri1202O | 893.013 | 9.620 | 902,633. | 986.440 | |
| Fund Balances carried | |||||
| forward31stMarch 2027 | 999.506 | 9.620 | LAW-I% | 902.633 |
| BAI.ANCESHEET | BAI.ANCESHEET | ||||
|---|---|---|---|---|---|
| ASAT31stMARCH2OZI | |||||
| 2027 | 2020 | ||||
| Note | !. | t | f. | f | |
| FIXEDASSETS | |||||
| Tangiblefixedassets | |||||
| HousingProperties | 6 | ||||
| Irss:SHG | Lc | 46,L64 | 46,164 | ||
| Investments | 7 | 858.869 | 722.65s | ||
| 905,033 | 768,819 | ||||
| CURRENTASSETS | |||||
| Debtors | 0 | 7,176 | |||
| Cashatbankandinhand | 705.267 | 734.707 | |||
| 705,267 | 735,283 | ||||
| Creditors: Amountsfallingdue | |||||
| withinone year | 7,773 | 7,468 | |||
| NET CURRENTASSETS | 704,094 | 133,815 | |||
| Creditors:amountsfallingdue | |||||
| after more than one year | |||||
| TOTALASSETSLESS | |||||
| CURRENTLIABILITIES | 1.009.726 | 902.633 | |||
| REPRESENTEDBY: | |||||
| Unrestricted funds | |||||
| General | 999,506 | 893,013 | |||
| Designated | 9.620 | 9.620 | |||
| 1..009.126 | 902.633 | ||||
| Approvedby the Trustees Signed onbehalfofthe Trustees |
(-,i'c-o-r--Be^z-(d--,--- U.J'bU'^^J,\I |
| INTEREST RECEIVABLEANDOTHERIN | COME | |
|---|---|---|
| 2027 | 2020 | |
| f. | f. | |
| BankandBuildingSociety Deposits | 565 | 428 |
| Listed Dividendsandinterest (gross) | 32,717 | 3g,g1L |
| Other interest receivable | 6 | 37 |
| 33.288 | 39.270 |
| AnanalysisofManagementandAdminis costsisasfollows: |
tration | |
|---|---|---|
| 2027 | 2020 | |
| t | f. | |
| Accountancyfees | 900 | 900 |
| Property managementfees | 4,415 | 3,600 |
| Miscellaneous | 420 | 283 |
| f5.735 | f.4.783 |
| 6)FrXEDASSETS | Freehold | ||
|---|---|---|---|
| HousingProperties | Fixtures& | ||
| heldfor letting | Equipment | ||
| {. | f. | ||
| Asat1Apr1l2020 | 115,659 | 4,1:O | |
| Additions | |||
| Asat31March2027 | f115.658 | f4.720 | |
| Depreciation | |||
| Asat1April2l2o | 4,7:O | 4J20 | |
| Chargeforthe year | |||
| Asat31March2021 | f.- | f4.720 | f.4.720 |
| NetBook Value | |||
| 37'tMarch2O2O | f115.658 | f.- | f115.658 |
| 37"tMarchZO2I | f115.658 | f.- | f115.658 |
| Thefreeholdlandandbuildingsareusedfordirectcharitablepurposes. |
| Thefreeholdlandandbuildingsareusedfordirectc 7) INVESTMENTS |
haritablepurpos | es. | ||
|---|---|---|---|---|
| 202r | 2020 | |||
| f. | f. | |||
| ListedUKinvestmentsat cost: | ||||
| As at1stApril | 285,928 | 285,928 | ||
| Disposals | (55,000) | 0 | ||
| Additions | 46,747 | 0 | ||
| Asat31stMarch | 277.075 | 285.928 | ||
| Aggregate marketvalue of listedinvestments | 858.869 | 722.655 | ||
| Market value of materialportfolioissplitas | ||||
| follows: | ||||
| Charifund | 58 | Vo | 49 | Vo |
| COIF CharityFunds-incomeshares | 27 | Vo | 34 | % |
| Smith&Williamson | 4 | % | 6 | Vo |
| COIF Global Equity | 7 | 7o | 0 | Vo |
| Charinco-incomeshares | 10 | % | 1.7 | % |
| 11 |
| FORTHE YEAR ENDED31stMARCHZ1Z7 | |||||
|---|---|---|---|---|---|
| 8) | DEBTORS | 2021, f |
2020 f. |
||
| Prepayments and accrued income | 0 | 0 | |||
| e) | CREDITORS:Amountsfallingduewithinone year | ||||
| Accruals | 7.773 | 1.468 | |||
| 2027 | 2020 | ||||
| 10) | DESIGNATEDFUNDS | Repair | Repair | ||
| Fund | Fund | ||||
| f. | f. | ||||
| At1stApril2020 | 9,620 | 9,620 | |||
| At31stMarch2021- | 9.620 | 9.620 | |||
| Grants | fund | Grants | fund | ||
| At1stApri12020 | 0 | 0 | |||
| Used | for majorgrantsintheyear | 0 | 0 | ||
| At31stMarch2027 | 0 | 0 | |||
| A11designatedfundsarefinancedbycash balances |
| 2021, | 2020 | |
|---|---|---|
| I | f | |
| Unrealisedgainsasat1stApril2020 | 722,655 | 846,5L9 |
| Netgains/losses on revaluationsintheyear | t36.214 | -1.23.864 |
| Unrealisedgainsasat 31stMarch2021. | 858.869 | 722.655 |
INFORMATION FOR MANAGEMENT PURPOSES 13
| INVESTMENTS | Market | Gross | ||
|---|---|---|---|---|
| Value | Income | |||
| Cost | 31.3-2021'LL | |||
| NarrowerRange | ||||
| 41,,r92 | Charinco | |||
| NarrowerRange | ||||
| CommonInvestment | ||||
| at 1.872 |
Fund- Income Units |
50,070 | 77,1!2 | 3'089 |
| WiderRange 29,621 |
M &G Charitund | |||
| at 14.7241. |
Income Units | 60,582 | 436,146 | L9,106 |
| 1,6,730 | CharitiesOfficial | |||
| at 17.891,5 |
InvestmentFund IncomeUnits |
t20,276 | 2gg,32o |
8'760 |
| 18,853 | CharitiesOfficial | |||
| at 2.4554 |
InvestmentFund GlobalEquitY |
46,1,47 | 46,292 |
322 |
| Smith&Williamson | ||||
| CharitYValueand | 0 | 1.440 | ||
| IncomeFund | ||||
| TOTAL INVESTMENT | 27'.7.07s858.869 | |||
| 32.777 | ||||
| TOTALINVESTMENT | INCOME | |||
| 1))655 | 38,81I |
| 2027 | z0z0 | |||
|---|---|---|---|---|
| INCOME | {. | f | f | |
| Investmentincome(gross) | 32,717 | 38,811 | ||
| VirginMoney | 554 | 475 | ||
| Donations | 10,000 | 0 | ||
| Interest | 7 | 31 | ||
| 43,278 | ?q)\'7 | |||
| EXPENDITURE | ||||
| Administration | ||||
| Miscellaneous | 0 | |||
| Accountancyfees | 450 | 450 | ||
| Websitecosts | 187 | 270 | ||
| 870 | 720 | |||
| 42,408 | 38,537 | |||
| Grants | ||||
| Coursefeesandexpenses | L3,473 | L9,L72 | ||
| TenantsofRosemary House | ||||
| Alarm monitoringfee | 384 | 307 | ||
| COVIDGrants | 45,000 | 0 | ||
| OtherGrants | L8,362 | 0 | ||
| 77.21.9 | 79-479 | |||
| Surptus/(deficit) before exceptionalitems | (34.811) | 19.058 | ||
| SURPLUS/(DEFICIT) | ||||
| Transfer deficit/surplusfromRosemary House | account | |||
| TotalSurplus/(Deficit) |
| 2027 | 2020 | |||
|---|---|---|---|---|
| INCOME | f | f. | f | f |
| Rents receivable | 52,249 | 47,874 | ||
| Insuranceclaim | 0 | 1,176 | ||
| Interest received | 10 | 13 | ||
| 52,259 | 49,063 | |||
| EXPENDITURE | ||||
| Management | 4,41.5 | 3,600 | ||
| Insurance | 2,396 | 2,442 | ||
| Cleaningand Sundries | 525 | 385 | ||
| Counciltax | 547 | 0 | ||
| Gardening | 4.574 | (t2,457) | 3.677 | (10,044) |
| Administration | ||||
| Miscellaneous | 0 | 1,3 | ||
| I-egalfees | 0 | 0 | ||
| Professionalfees | 0 | 0 | ||
| Accountancyfees | 450 | (4s0) | 450 | (463) |
| Maintenance | ||||
| Currentrepairs | 2,849 | 3,759 | ||
| Majorrepairs | 3-1,479 | (34,268) | 73,798 | (r7,557) |
| TransferfromDesignated Fund | 0 | 0 | ||
| SURPLUS/DEFICIT | 5.090 | 20.999 |