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|---|---|---|
|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|
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||||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|
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||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|
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||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|
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|The averag|e monthly
number ofemployees
durin|g the year was as follows:||
|---|---|---|---|
|||2021|2020|
|Charitable|activities|2|2|
|Support costs||1|1|
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|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|
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|||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|
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|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||
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|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)|
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||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|
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|||||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)|