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||Page|
|---|---|
|Trustees Report|7-5|
|Independent Examiner'sReport|6|
|Statementof financialActivities|7|
|BalanceSheet|8|
|Notes toFinancialStatements|9-12|





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|<br>financialdifficulties.|<br>financialdifficulties.|
|---|---|
|Thus,duringthe yearto31Marchzlz7,thefollowinggrantswere paid:||
|EducationalGrants|f13,473|
|Research&Development|f.76,962|
|CovidGrants awardedto|f45,000|
|organisationsin||
|Hertfordshire employing||
|communitynurses||
|WelfareGrants||
|Total||





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||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|





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|||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<br>Signed onbehalfofthe Trustees||(-,i'c-o-r--Be^z-(d--,---<br>U.J'bU'^^J,\I||||





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|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|



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|AnanalysisofManagementandAdminis<br>costsisasfollows:|tration||
|---|---|---|
||2027|2020|
||t|f.|
|Accountancyfees|900|900|
|Property managementfees|4,415|3,600|
|Miscellaneous|420|283|
||f5.735|f.4.783|





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|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.||||



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|Thefreeholdlandandbuildingsareusedfordirectc<br>7)<br>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|||||





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||FORTHE YEAR ENDED31stMARCHZ1Z7|||||
|---|---|---|---|---|---|
|8)|DEBTORS||2021,<br>f||2020<br>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|||||



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||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

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|INVESTMENTS|||Market|Gross|
|---|---|---|---|---|
||||Value|Income|
|||Cost|31.3-2021'LL||
|NarrowerRange|||||
|41,,r92|Charinco||||
||NarrowerRange||||
||CommonInvestment||||
|at<br>1.872|Fund- Income<br>Units|50,070|77,1!2|3'089|
|WiderRange<br>29,621|M &G Charitund||||
|at<br>14.7241.|Income Units|60,582|436,146|L9,106|
|1,6,730|CharitiesOfficial||||
|at<br>17.891,5|InvestmentFund<br>IncomeUnits|t20,276|<br>2gg,32o|8'760|
|18,853|CharitiesOfficial||||
|at<br>2.4554|InvestmentFund<br>GlobalEquitY|46,1,47|<br>46,292|322|
||Smith&Williamson||||
||CharitYValueand||0|1.440|
||IncomeFund||||
|TOTAL INVESTMENT||27'.7.07s858.869|||
|||||32.777|
|TOTALINVESTMENT|INCOME||||
||||1))655|38,81I|



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|||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)|||||





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|||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|





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