| Page | ||
|---|---|---|
| Report ofthe Trustees | 1 to | 5 |
| Independent Examiner's Report |
||
| Statement ofFinancial Activities | ||
| Balance Sheet | 8 to | 9 |
| Notes to the Financial Statements | 10 to | 16 |
| Detailed Statement ofFinancial Activities | 17 to | 18 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Unrestricted | Total | |||
| Notes | fundI | funds | ||
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies |
105 | 157 | ||
| Charitable activities |
||||
| Provision ofHousing | 318,569 | 312,157 | ||
| Investment income |
22 | 9,724 | ||
| Other income | 20,476 | 4,952 | ||
| Total | 339,172 | 326,990 | ||
| EXPENDITURE ON | ||||
| Raising funds | 2,981 | |||
| Charitable activities |
||||
| Provision ofHousing | 207,114 | 1,638,086 | ||
| Total | 207,114 | 1,641,067 | ||
| Net gains on investments | 28,666 | 19,655 | ||
| NET INCOME/(EXPENDITURE) | 160,724 | (1,294,422) | ||
| RECONCILIATION | OF FUNDS | |||
| Total funds brought forward | 1,013,310 | 2,307,732 | ||
| TOTAL FUNDS CARRIED FORWARD | 1,174,034 | 1,013,310 |
| BALANCE SHEET 31MARCH 2021 |
|||
|---|---|---|---|
| 2021 | 2020 | ||
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | |||
| FIXEDASSETS | |||
| Tangible assets | 1,004,554 | 571,393 | |
| Investments | 174,214 | 414,858 | |
| 1,178,768 | 986,251 | ||
| CURRENT ASSETS | |||
| Debtors | 10 | 24,410 | 15,633 |
| Investments | 11 | 572 | 571 |
| Prepayments and accrued income |
1,538 | 3,343 | |
| Cash at bank and in hand | 50,097 | 81,035 | |
| 76,617 | 100,582 | ||
| CREDITORS | |||
| Amounts falling due within one year |
12 | (36,601) | (73,523) |
| NET CURRENT ASSETS | 40,016 | 27,059 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 1,218,784 | 1,013,310 | |
| CREDITORS | |||
| Amounts falling due after more than one |
|||
| year | 13 | (44,750) | |
| NET ASSETS | 1,174,034 | 1,013,310 | |
| FUNDS | 15 | ||
| Unrestricted funds |
1,174,034 | 1,013,310 | |
| TOTAL FUNDS | 1,174,034 | 1,013,310 |
| INVESTMENT INCOME | INVESTMENT INCOME | ||||
|---|---|---|---|---|---|
| 202] | 2020 | ||||
| g | |||||
| Other fixed asset invest - Fll | 1 | 9,660 | |||
| Deposit account interest | 21 | 64 | |||
| 22 | 9,724 | ||||
| 3. | OTHER INCOME | ||||
| 2021 | 2020 | ||||
| Employment allowance |
4,000 | 3,000 | |||
| Reimbursements | 69 | ||||
| Refund ofcouncil tax | 1,883 | ||||
| Sale ofasset | 800 | ||||
| Rental income | 15,676 | ||||
| 20,476 | 4,952 | ||||
| 4. | RAISING FUNDS | ||||
| Investment management |
costs | ||||
| 2021 | 2020 | ||||
| Portfolio management | 2,981 | ||||
| 5. | NET INCOME/(EKPENDITURE) | ||||
| Net income/(expenditure) | is stated after charging/(crediting): | ||||
| 2021 | 2020 | ||||
| Independent Examiner/Auditor |
remuneration | 1,440 | 1,440 | ||
| Other non-audit services |
660 | 2,184 | |||
| Depreciation -owned assets |
2,857 | 3,025 |
| The averag | e monthly number ofemployees durin |
g the year was as follows: | |
|---|---|---|---|
| 2021 | 2020 | ||
| Charitable | activities | 2 | 2 |
| Support costs | 1 | 1 |
| TANGIBLE FIXEDASSETS | |||
|---|---|---|---|
| Equipment | |||
| Freehold | and | ||
| property | fittings | Totals | |
| COST | |||
| At 1 April 2020 | 563,747 | 16,739 | 580,486 |
| Additions | 436,018 | 436,018 | |
| At 31March 2021 | 999,765 | 16,739 | 1,016,504 |
| DEPRECIATION | |||
| At 1 April 2020 | 9,093 | 9,093 | |
| Charge for year | 2,857 | 2,857 | |
| At 31March 2021 | 11,950 | 11,950 | |
| NET BOOKVALUE | |||
| At 31March 2021 | 999,765 | 4,789 | 1,004,554 |
| At 31 March 2020 | 563,747 | 7,646 | 571,393 |
| Listed | ||||
|---|---|---|---|---|
| investments | Cash | Totals | ||
| MARKET VALUE | ||||
| At 1April 2020 | 145,548 | 269,310 | 414,858 | |
| Disposals | (269,310) | (269,310) | ||
| Revaluations | 28,666 | 28,666 | ||
| At 31 March 2021 | 174,214 | 174,214 | ||
| NET BOOKVALUE | ||||
| At 31 March 2021 | 174,214 | 174,214 | ||
| At 31 March 2020 | 145,548 | 269,310 | 414,858 | |
| There were no investment | assets outside the UK. | |||
| Fixed asset investments | are shown at market value at the balance sheet date. |
| Fixed asset investments are shown at market value at the balance sheet d |
ate. | ||
|---|---|---|---|
| 10. | DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 2021 | 2020 | ||
| Trade debtors | 24,410 | 15,633 | |
| 11. | CURRENT ASSETINVESTMENTS | ||
| 202] | 2020 | ||
| COIF Deposit Funds | 572 | 571 |
| 12. | CREDITORSi AMOUNTS FALLING DUE WITHIN ONE | YEAR | |
|---|---|---|---|
| 2021 | 2020 | ||
| Other loans (see note 14) | 5,250 | ||
| Trade creditors | 21,728 | 60,422 | |
| Social security and other taxes | 1,749 | 5,734 | |
| Other creditors | 2,353 | 1,383 | |
| Accrued expenses | 5,521 | 5,984 | |
| 36,601 | 73,523 | ||
| 13. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE | THAN ONE YEAR | |
| 2021 | 2020 | ||
| 44,750 | |||
| 14. | LOANS | ||
| An analysis ofthe maturity ofloans is given below: | |||
| 2021 | 2020 | ||
| Amounts falling due within one year on demand: |
|||
| Almshouse Association loan |
5,250 | ||
| Amounts falling between one and two years: |
|||
| Almshouse Association loan |
5,250 | ||
| Amounts falling due between two and five years: |
|||
| Almshouse Association loan |
15,750 | ||
| Amounts falling due in more than five years: |
|||
| Repayable by instalments: |
|||
| Almshouse Association loan |
23,750 |
| MOVEMEN | T IN FUNDS | |||
|---|---|---|---|---|
| Net | ||||
| movement | At | |||
| At 1.4.20 | in funds | 31.3.21 | ||
| g | ||||
| Unrestricted | funds | |||
| General fund | 1,013,310 | 160,724 | 1,]74,034 | |
| TOTAL FUNDS | 1,013,310 | 160,724 | 1,174,034 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| Unrestricted | funds | |||||
| General fund |
339,172 | (207,114) | 28,666 | 160,724 | ||
| TOTAL FUNDS | 339,172 | (207,114) | 28,666 | 160,724 | ||
| Comparatives | for movement | in funds | ||||
| Net | ||||||
| movement | At | |||||
| At 1.4.19 | in funds | 31.3.20 | ||||
| Unrestricted | funds | |||||
| General fund | 2,307,732 | (1,294,422) | 1,013,3]0 | |||
| TOTAL FUNDS | 2,307,732 | (1,294,422) | 1,013,310 |
| Incoming | Resources | Gatns and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| g | |||||
| Unrestricted | funds | ||||
| General fund | 326,990 | (1,641,067) | 19,655 | (1,294,422) | |
| TOTAL FUNDS | 326,990 | (1,641,067) | 19,655 | (1,294,422) |
| FORTHE YEAR ENDED | 31MARCH 2021 | ||
|---|---|---|---|
| 2021 | 2020 | ||
| INCOME AND ENDOWMENTS | |||
| Donations and legacies |
|||
| Donations | 105 | 157 | |
| Investment income |
|||
| Other fixed asset invest - | Fll | 1 | 9,660 |
| Deposit account interest | 21 | 64 | |
| 22 | 9,724 | ||
| Charitable activities |
|||
| Rent received | 203,243 | 197,185 | |
| Service charges | 90,092 | 87,971 | |
| Support charges | 25,234 | 27,001 | |
| 318,569 | 312,157 | ||
| Other income | |||
| Employment allowance |
4,000 | 3,000 | |
| Reimbursements | 69 | ||
| Refund ofcouncil tax | 1,883 | ||
| Sale ofasset | 800 | ||
| Rental income | 15,676 | ||
| 20,476 | 4,952 | ||
| Total incoming resources |
339,172 | 326,990 | |
| EXPENDITURE | |||
| Investment management |
costs | ||
| Portfolio management | 2,981 | ||
| Charitable activities |
|||
| Wages | 28,230 | 43,708 | |
| Social security | 1,951 | 1,842 | |
| Pensions | 428 | 243 | |
| Rates and water | 9,716 | 10,058 | |
| Insurance | 6,850 | 7,078 | |
| Light and heat | 17,243 | 13,868 | |
| Property expenses | 73,597 | 117,647 | |
| Carried forward | 138,015 | 194,444 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Charitable activities |
|||||
| Brought forward | 138,015 | 194,444 | |||
| Residents welfare and social | events | 1,222 | 1,101 | ||
| Depreciation ofequipment | and | fittings | 959 | 959 | |
| Impairment losses for tangible fixed assets |
1,368,348 | ||||
| 140,196 | 1,564,852 | ||||
| Support costs | |||||
| Management | |||||
| Wages | 40,324 | 39,912 | |||
| Social security | 4,353 | 4,316 | |||
| Pensions | 1,023 | 1,011 | |||
| Telephone and IT |
6,082 | 5,408 | |||
| Postage and stationery | 400 | 542 | |||
| Sundries | 90 | ||||
| Recruitment and training |
2,013 | 674 | |||
| Travel | 551 | ||||
| Depreciation ofequipment | and fittings | 1,898 | 2,066 | ||
| Bank interest | 435 | 328 | |||
| National insurance interest |
I | ||||
| 57,169 | 54,258 | ||||
| Governance costs |
|||||
| Independent Examiner/Auditor |
|||||
| remuneration | 1,440 | 1,440 | |||
| Independent Examiner/Auditor |
non | ||||
| examination/audit fees |
660 | 2,184 | |||
| AGM and other meetings | 22 | 169 | |||
| Memberships | 2,149 | 1,297 | |||
| Professional fees |
5,478 | 13,886 | |||
| 9,749 | 18,976 | ||||
| Total resources expended | 207,114 | 1,641,067 | |||
| Net income/(expenditure) | before gains | ||||
| and losses | 132,058 | (1,314,077) | |||
| Recognised gains and losses | |||||
| Recognised gains on fixed asset |
investments | 14,301 | |||
| Net income/(expenditure) | 132,058 | (1,299,776) |