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