2020-12-31-accounts

CONTENTS			PAGE
Legal and administrative	information
Report ofthe Trustees			2 —6
Independent Examiner's	report
Statement ofFinancial Activities
Income and Expenditure	Account
Balance Sheet			10-11
Notes forming part ofthe financial		statements	12 —20

				UNRESTRICTED	RESTRICTED	PFRMANENT	TOTAL	TOTAL
				FUNDS	FUNDS	ENDOWMENT	FUNDS	FUNDS
						FUND
			Notes	2020	2020	2020	21120	2019
INCOME AND
ENDOWMENTS FROM:
Ch eatable activities
Maintcnancc contributions		and
otltcr chal'gcs				32,552			32,552	33,460
1)onations dt Grants				335	10,000		10,335
Inveslments				1,866			1,866	1,814
TOTAL INCOME				34,753	10,000		44,753	35,467
EXPENDITURE
Charitable activities				27,128	10,000	91	37,219	48,394
Other costs				1,260			1,260	1.674
TOTAL EXPENDITURE				28,388	10,000	91	38,479	50,068
NET INCOMEI(1)EFICI7)				6,365		(91)	6,274	(14,601)
UNREALISED (LOSS)/CAIN
ON INVESTMEIVTS			II	(3389)			(3,389)	5,581
NET MOVEMENTS	IN FUNDS			2,976		(91)	2,885	(9,020)
RECONCILIATION	OF
FUNDS
Total funds brought forvvard				55,219		2,707	57,926	66,946
TOTAL FUNDS CARRIED
FORWARD				58,195		2,616	60,!!I I	57,926

	2020	2019
		8
Income	44,753	4(,048
Expenditure	(41,777)	(49,977)
Net	2,976	(8,929)

			UNRESTRICTED	PERMANENT	TOTAL FUNDS	TOTAL
			FUNDS	ENDOWMENT		FLINDS
				&RESTRICTED
		Notes	2020	2020	2020	2019
FIXED ASSFTS
Tanaiblc fixed assets				2,6)6	2,616	2,707
				2,616	2,616	2,707
CURRENT ASSETS
Debtors		10	1,642		1,642	1,253
Investments			46,389		46,389	47,914
Cash at bank			18,841		18,841	15,581
			66,872		66,1172	64,748
CREDITORS: Amounts	fallm8
due tvithin one year		12	(8,677)		(8,677)	(9,529)
NKT CURRENT ASSETS			58,195		58,195	55,219
TOI'AL ASSETSI.FSSCURRENT LIABILITIES			58,195	2,616	60,811	57,926
NET ASSETS			58,195	2,616	60,811	57,926
UNRESTRICTED FUNDS
General dr Repair Funds		15	51!,195		58,195	55,219
RESTRICTED FUNDS
Endowment Fund		15		2,616	2,616	2,707
Refurbishment Grants		15
			58,195	2,616	60,811	57,926

	Unrestricted	Restricted
	Funds	Funds	2020	2019
Donations	335		335	193
Grants		10000	10000
	335		10335	193

				Unrestricted	Restricted
				Funds	Funds	2020	2019
Investment	income	-	listed	1,864		1,864	1,810
Investment	income	-	interest	2		2	4
Total

CALEB LOVEJOY'S	ALMSHOUSE CHARITY	ALMSHOUSE CHARITY	ALMSHOUSE CHARITY	ALMSHOUSE CHARITY	ALMSHOUSE CHARITY			Page	15
(A COMPANY LIMITED			BYGUARANTEE)
NOTES TO THE FINANCIAL				STATEMENTS (continued)
FOR THE YEAR ENDED			31sv DECEMBER 2020
5. EXPENDITURE
						Unrestricted	Restricted
						Funds	Funds	2020	2019
						f
Charitable activities
Water charges						1,003		1.003	971
Property insurance						898		898	1,058
Telephone						1,681		1,681	1,137
Emergency communication		system				949		949	694
Heating, hot water, electricity						2.907		2,907	2,351
Extraordinaiy maintenance		and repairs				590	9,926	10,516	12,709
Cyclical maintenance and	repairs					4,712	74	4,786	10,394
Day to day maintenance						3,277		3,277	3,308
Manager &.Clerk and Finance Manager						8,204		8,204	6,292
Subscriptions						140		140	133
Data protection						70		70	35
Printing and office expenses						946		946	796
Miscellaneous expenses						33		33	1,183
Provision against unpaid	maintenance				charges				1,201
Professional services/legal		fees				1,7818		1,718	6,041
						27.128	10,000	37,128	48,303
Permanent Endowment
Depreciation						91		91	91
Total expenditure on charitable				activities		27,219	10,000	37,219	48,394
All charitable expenditure			in 2019was unrestricted.
6. OTHER COSTS
						Unrestricted	Restricted
						Funds	Funds	2020	2019
									f
Independent examination						1,260		1,260	1,200
Prior year under accrual									474
Total						1.260		1,260	1,674

TANGIBLE FIX	ED	ASSETS
			Freehold
			Improvements	Total
Permanent Endowment:
Cost at I a January 2020	and	31n December 2020	4,527	4,527
Depreciation:
Balance brought forward	at	1 a Januaty 2020	1,820	1,820
Charge for the year			91	91
Balance at 31"December	2020		1,911	1,911
Net Book Value:
31"December 2020			2,616	2,616
31"December 2019			2,707	2,707

The four cottages have no known	The four cottages have no known	historical	historical	cost. However	in 2020 the total som insured	based on their
estimated building replacement	cost		was f1,016,500 (2019-f978,835).
10. DEBTORS
					2020	2019
						f
Amounts receivable within one	year.
Trade Debtors					749	241
Prepayments					893	1,012
					1,642	1,253
All debtors relate to the unrestricted			funds.
11. INVESTMENTS
MIIG Charity Multi Asset	Fund				2020	2019
As at in January					47,914	40,523
Dividends reinvested					1,864	1,810
Revalued in year					(3,389)	5,581
As at 31a December					46,389	47,914

12.	CREDITORS
Amounts	falling due within	one year:	2020	2019
Trade Creditors				440
Accruals			8,238	8,621
Other Social Security Costs			96
Deferred	Income		343	468
			8,677	9,529

14.		RESERVES
			Balance	Income	Expenditure	Transfers		Loss	on		Balance at
			at I Jan					revaluations		of	31 Dec 2020
			2020f					investments f
Permanent		endowment
fund
firands received for
improvements		1964	2,707				(91)				2,616
Restricted funds
Grants for refurbishment				10,000	(10,000)
Unrestricted:
General			30,219	32,887	(23,178)	(6,733)					33,195
Extraordinary		repair fund	19,000	1,418	(5,227)	7,385			(2,57&))		20,000
Cyclical repair fund			6,000	448	(74)	(561)			(813)		5.000
							91		(3,389)		58,t95
			57,926	44,753	(38,479)				(3,389)		60,811
Prior year		information
			Balance	Income	Expenditure	Transfers		Gain	on		Balance at
			at I Jan					revaluations		of	31 Dec 2019
			2019					investments
Permanent	endowment
fund
Grands received for
improvements		1964	2,798		(91)						2,707
Unrestricted:
General			31,148	33,652	(26,874)	(7,707)					30,219
Extraordinary		repair fund	23,000	1,270	(12,709)	3,532			3,907		19,000
Cyclical repair fund			10,000			4-			1,674		6,000
			64,148	35,467	(49,977)				5,581		55,219
			66,946	35,467	(50,068)				5.581		57,926

			Grants	Grants			Extra-	Cyclical	Revenue	Total
			received			in	ordinary	repair	reserve
			1964	for			repair fund	fund
			improvements
			(Restricted)
Permanent	Endowment		Fund
Tangible fixed assets						2,616				2,616
Unrestricted		funds
Investments							20,000	5,000	21,389	46,389
Cash at bank									8,841	18,841
Debtors									1,642	1,642
Creditors									~8677	~8677
							20,000	5,000	3,195	58,195
						26 6	200DD	5000	3.I05	6ll 831
Prior year		information
			Grants				Extra-	Cyclical	Revenue	Total
			received			for	ordinary	repair	reserve
			improvements				repair fund	fund
			(1964)
			(Restricted)
Permanent		Endowment	Fund
Tangible fixed assets				2	707					2707
Unrestricted		funds
Investments							19,000	6,000	22,914	47,914
Cash at bank									15,581	15,581
Debtors									1,253	1,253
Creditors									~9529	~9529
							19,000	6,000	30,219	55,219
					2,707		19,000	6,000	30,219	57,926