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|CONTENTS:|CONTENTS:||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Trustees'|Annual|Report|||||||||
|Independent<br>Examiner's|||Report||||||||
|Statement ofFinancial|||Activities||||||||
|Balance|Sheet||||||||||
|Statement ofCash Flow|||||||||||
|Notes to|the Financial||Statements||||||||
|TRUSTEES:||||A RBlake,||Treasurer||JJones|||
|||||P Cowell,|Chairman|||RMonk, President|||
|||||M Wishart||||G Wellman,|Vice President||
|||||JDavison||||M Wells|||
|||||RHarding||||M Stewart|(resigned November|2020)|
|TRUST|ADDRESS:|||38 Victoria||Homes|||||
|||||Victoria Road|||||||
|||||Cambridge|||||||
|||||CB43DX|||||||
|CHARITY REGISTRATION NUMBER:||||1177888|||||||
|INDEPENDENT||E~RS:||Prentis &Co LLP|||||||
|||||Chartered|Accountants||||||
|||||&.Independent|||Examiners||||
|||||115cMilton||Road|||||
|||||Cambridge|||||||
|||||CB4 IXE|||||||
|BANKERS:||||Barclays Bank|||||||
|||||Cambridge||Branch|||||
|||||StAndrews||Street|||||
|||||Cambridge|||||||
|||||CB2 3AX|||||||
|INVESTMENT||MANAGERS:||Charles Stanley|||&Co.Limited||||
|||||3rd Floor|||||||
|||||Ravenscroit||House|||||
|||||s9 -61 Regent|||Street||||
|||||Cambridge|||||||
|||||CB2 IAB|||||||





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|||||Notes|2020|2020||2019|2019||
|---|---|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|2020|Unrestricted|Restricted|2019|
||||||Funds|Funds|Total|Funds|Funds|Total|
|||||||f|||8|f|
|INCOME|||||||||||
|Covenants,<br>donations|||||||||||
|and legacies|||||878||878|936||936|
|Investment<br>income||||2|28074|57|28131|30853|141|30994|
|Income from charitable||activities:|||||||||
|Levies from residents|||||91749||91749|87371||87371|
|Other incoming resources|||||3104||3104|10870||10870|
|Total income|||||123805|57|123862|130030|141|130171|
|EXPENDITURE|||||||||||
|Costs ofraising funds:|||||||||||
|Investment<br>management||costs|||5451||5451|7201||7201|
|Expenditure<br>on charitable|||activities:||||||||
|Light and heat|||||1851||1851|2281||2281|
|Rates|||||751||751|824||824|
|Insurance|||||2501||2501|2539||2539|
|Repairs and maintenance|||||24252||24252|30263||30263|
|Subscriptions|||||220||220|210||210|
|Wages and honorarium||||4|26545||26545|27876||27876|
|Telephone<br>and care call|||||3398||3398|2929||2929|
|Printing,<br>stationery<br>and|advertising||||351||351|301||301|
|Gifts and parties for residents|||and staff||1020||1020|1289||1289|
|Sundry expenses|||||324||324|557||557|
|Depreciation|||||33028|864|33892|33415|864|34279|
|Audit and examination|fees||||1620||1620|2394||2394|
|Total expenditure|||||101312|864|102176|112079|864|112943|
|Net income and net movement||||in funds|||||||
|before gains and losses||on|||||||||
|investments||||3|22493|(807)|21686|17951|(723)|17228|
|Net gains on investment|||||547||547|62750||62750|
|Net movement<br>in funds||for|the|year|23040|(807)|22233|80701|(723)|79978|
|Reconciliation<br>offunds|||||||||||
|Total funds brought<br>forward|||||1885996|19915|1905911|1805295|20638|1825933|
|Total funds carried forward|||||1909036|19108|1928144|1885996|19915|1905911|





## 

|||Note|2020||2019||
|---|---|---|---|---|---|---|
|||||||8|
|FIXEDASSETS|||||||
|Tangible<br>assets||||912627||946519|
|Investments||||638978||616733|
|Total fixed assets||||1551605||1563252|
|CURRENT ASSETS|||||||
|Debtors|||2422||1984||
|Cash at bank and in|hand||384048||345743||
|Total current assets|||386470||347727||
|LIABILITIES:|||||||
|Creditors;<br>amounts|falling due||||||
|within|one year||9931||5068||
|Net Current Assets||||376539||342659|
|NET ASSETS||||1928144||1905911|
|THE FUNDS OF THE CHARITY|||||||
|Restricted<br>Funds||9||19108||19915|
|Unrestricted<br>Funds||10||1909036||1885996|
|Total Charity Funds||||1928144||1905911|





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|||Note|2020|2019|
|---|---|---|---|---|
||||6||
|Net cash provided<br>by/(used|in) operating||||
|activities||14|31872|16881|
|CASH FLOW FROM INVESTING||ACTIVITIES:|||
|Interest and dividends|||17105|20883|
|Rental income|||11026|10111|
|Purchase ofinvestments|||(59342)|(65348)|
|Proceeds from sale ofinvestments|||37644|61014|
|Net cash provided<br>by investing<br>activities|||6433|26660|
|Change<br>in cash and cash equivalents||in the year|38305|43541|
|Cash and cash equivalents|brought|forward|345743|302202|
|Cash and cash equivalents|carried forward||384048|345743|





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|INVESTMENT TNCOME|2020|2020|2020|
|---|---|---|---|
|YEARENDED 3ISTDECEMBER 2020|Unrestricted|Restricted|Total|
||6|||
|Income &om UK listed investments|14163||14163|
|Income &om non UK listed investments|2126||2126|
|Bank and other interest|759|57|816|
|UK rentai income|11026||11026|
||28074|57|28131|
|INVESTMENT INCOME|2019|2019|2019|
|YEARENDED 31STDECEMBER2019|Unrestricted|Restricted|Total|
|Income &om UK listed investments|16934||16934|
|Income from non UK listed investments|2582||2582|
|Bank and other interest|1226|141|1367|
|UK rental income|10111||10111|
||30853|141|30994|





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|NET INCOME FOR THE YEAR|NET INCOME FOR THE YEAR||||||||2020|2019|
|---|---|---|---|---|---|---|---|---|---|---|
|The surplus ofincome|over expenditure|for|the|year is|stated after charging:||||||
|Depreciation oftangible<br>fixed assets|||||||||33892|34279|
|Audit fees||||||||||1254|
|Independent<br>examiner|fee||||||||1620|1140|
|STAFF COSTS|||||||||2020|2019|
|The staff' costs were;|||||||||8||
|Salaries|||||||||26372|27731|
|Pension contributions|||||||||173|145|
||||||||||26545|27876|
|The average<br>monthly|number ofstaff employed|||by the|charity during||the|year was as follows:|||
||||||||||2020|2019|
|Direct charitable|||||||||3|3|
|No employees<br>emoluments<br>exceeded f60,000.|||||||||||
|The Board ofTrustees|consider themselves||the|key management||and|they|are not remunerated.|||
|TANGIBLE FIXEDASSETS|||||||||||
|YEAR ENDED 3ISTDECEMBER 2020||||||||||Total|
|VALUATION|||||||||||
|Balance at 1st January|2020 and 31stDecember|||2020||||||1632201|
|DEPRECIATION|||||||||||
|Balance at 1st January|2020|||||397||35540|649745|685682|
|Charge for the year||||||||2029|31863|33892|
|Balance at 31stDecember 2020||||||397||37569|68]608|719574|
|NET BOOK VALUE|at 31st December|2020||||||1079|911548|912627|
|TANGIBLE FIXEDASSETS||||||Office||Fixtures &|Freehold<br>land||
|YEAR ENDED 31STDECEMBER 2019|||||Equipment|||Fittings|&buildings|Total|
|VALUATION|||||||||||
|Balance at 1st January|2019 and 31st December|||2019||397||38648|1593156|1632201|
|DEPRECIATION|||||||||||
|Balance at 1st January|2019|||||397||33124|617882|651403|
|Charge for the year||||||||2416|31863|34279|
|Balance at 31stDecember 2019||||||397||35540|649745|685682|
|NET BOOK VALUE|at 31st December|2019||||||3108|943411|946519|





## 

|INVESTMENTS HELD AS FIXEDASSETS|2020|2020|2020|
|---|---|---|---|
|YEAR ENDED 31STDECEMBER 2020|Land|Securities|Total|
|Market value at 1st January 2020|1250|615483|616733|
|Additions||59342|59342|
|Disposals||(37644)|(37644)|
|Net realised losses||(6441)|(6441)|
|Net unrealised<br>gains||6988|6988|
|Market value at 31stDecember 2020|1250|637728|638978|
|Cost at 31stDecember 2020|1250|465463|466713|
|INVESTMENTS HELD AS FIXEDASSETS|2019|2019|2019|
|YEAR ENDED 31STDECEMBER2019|Land|Securities|Total|
||||f.|
|Market value at 1st January 2019|1250|548399|549649|
|Additions||65348|65348|
|Disposals||(61014)|(61014)|
|Net realised gains||2020|2020|
|Net unrealised<br>gains||60730|60730|
|Market value at 31stDecember 2019|1250|615483|616733|
|Cost at 31stDecember 2019|1250|443399|444649|



## 

|DEBTO|RS|||2020|2019|
|---|---|---|---|---|---|
|||||Due within|Due within|
|||||one year|one year|
|||||6||
|Prepayments||and accrued income||2422|1984|
|CREDITORS||||2020|2019|
|||||Due withm|Due within|
|||||one year|one year|
|Accruals|and|deferred|income|9931|5068|





## 

|MOVEMENT IN RESTRICTED FUNDS|Door|RAlsop|Pavilion||
|---|---|---|---|---|
|YEAR ENDED 3ISTDECEMBER 2020|Fund|Legacy|Fund|2020|
|||||8|
|Balance at 1st January 2020|899|7704|11312|19915|
|Income||23|34|57|
|Expenditure|(864)|||(864)|
|Balance at 31stDecember 2020|35|7727|11346|19108|
|MOVEMENT IN RESTRICTED FUNDS|Door|RAlsop|Pavilion||
|YEAR ENDED 31STDECEMBER 2019|Fund|Legacy|Fund|2019|
|||||8|
|Balance at 1st January 2019|1763|7647|11228|20638|
|Income||57|84|141|
|Expenditure|(864)|||(864)|
|Balance at 31stDecember 2019|899|7704|11312|19915|



|MOVEMENT IN UNRESTRICTED FUNDS|MOVEMENT IN UNRESTRICTED FUNDS|Balance at||||Balance at|
|---|---|---|---|---|---|---|
|YEAR|ENDED 31STDECEMBER 2020|1st||Expenditure,||31st|
|||January||gains and||December|
|||2020|income|losses|Transfers|2020|
|||8|||||
|Revaluation<br>Reserve||602865|||(21531)|581334|
|General|Funds|1283131|123805|(100765)|21531|1327702|
|||1885996|123805|(100765)||1909036|
|MOVEMENT IN UNRESTRICTED FUNDS||Balance at||||Balance at|
|YEAR|ENDED 31STDECEMBER2019|1st||Expenditure,||31st|
|||January||gains and||December|
|||2019|Income|losses|Transfers|2019|
|Revaluation<br>Reserve||624396|||(21531)|602865|
|Capital|Funds|95554|||(95554)||
|General|Funds|1085345|130030|(49329)|117085|1283131|
|||1805295|130030|(49329)||1885996|





## 

|ANALYSIS OF FUNDS|Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|
||2020|2020|2020|20]9|2019|2019|
|||6|6||6||
|Tangible<br>fixed assets|912592|35|912627|945620|899|946519|
|Investments|638978||638978|616733||616733|
|Net current assets|357466|19073|376539|323643|190]6|342659|
||1909036|19108|1928144|1885996|19915|190591]|



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|14.|RECONCILIATION|OF NET|MOVEMENT|MOVEMENT|IN FUNDS TO NET|||
|---|---|---|---|---|---|---|---|
||CASH FLOW FROM|OPERATING ACTIVITIES||||2020|2019|
||Net movement<br>in funds|||||22233|79978|
||Add back depreciation|charge||||33892|34279|
||Deduct investment<br>income shown|||in investing|activities|(28131)|(30994)|
||Deduct gains on investments|||||(547)|(62750)|
||(Increase)/decrease<br>in|debtors||||(438)|195|
||Increase/(decrease)<br>in|creditors||||4863|(3827)|
||Net cash provided<br>by|operating|activities|||3]872|]6881|