| Page | ||||
|---|---|---|---|---|
| Reference and Administrative Details |
||||
| Report ofthe | Trustees | 2 | to | 5 |
| Independent | Examiner's Report |
|||
| Statement of | Financial Activities | |||
| Statement of | Financial Position | |||
| Notes to the | Financial Statements | 9 | to | 14 |
| Detailed Statement of Financial Activities | 15 |
| FO | R THE Y | EAR ENDED 31 DECEMBER 20 | 20 |
|---|---|---|---|
| Unrestricted | |||
| funds | |||
| Notes | E | ||
| INCOME AND ENDOWMENTS | FROM | ||
| Investment income |
258,221 | ||
| EXPENDITURE ON | |||
| Charitable activities |
|||
| Almshouse provision |
282,905 | ||
| Net gains/(losses) on investments |
(37,537) | ||
| NET INCOME/(EXPENDITURE) | (62,221) | ||
| Other recognised gains/(losses) |
|||
| Gains on revaluation offixed assets |
17,364 | ||
| Net movement in funds |
(44,857) | ||
| RECONCILIATION OF FUNDS |
|||
| Total funds brought forward |
4,961,603 | ||
| TOTAL FUNDS CARRIED FORWARD | 4,916,746 |
| STATE | MENT OF FINANCIAL POSITION |
||||
|---|---|---|---|---|---|
| 31 DECEMBER 2020 | |||||
| Unrestricted | |||||
| funds | |||||
| Notes | |||||
| FIXEDASSETS | |||||
| Tangible assets | 9 | 4,813,871 | |||
| Investments | 10 | 316,142 | |||
| 5,130,013 | |||||
| CURRENT ASSETS | |||||
| Debtors | 3,270 | ||||
| Cash at bank and | in hand | 92,996 | |||
| 96,266 | |||||
| CREDITORS | |||||
| Amounts falling due within one year |
12 | (36,088) | |||
| NET CURRENT ASSETS | 60,178 | ||||
| TOTAL ASSETS LESSCURRENT | |||||
| LIABILITIES | 5,190,191 | ||||
| CREDITORS | |||||
| Amounts falling due after more than one |
year 13 | (273,445) | |||
| NET ASSETS | 4,916,746 | ||||
| FUNDS | 15 | ||||
| Unrestricted funds: |
|||||
| General fund |
1,254,553 | ||||
| Investment revaluation |
reserve | 233,003 | |||
| Property revaluation |
reserve | 3,381,482 | |||
| Designated fund - |
Major Repairs | 49 | |||
| Designated fund - cyclical maintenance |
23,593 | ||||
| Designated fund - extraordinary |
repairs | 24,066 | |||
| 4,916,746 | |||||
| TOTAL FUNDS | 4,916,746 |
| INVESTMENT INCOME | |
|---|---|
| Rents received | 248,943 |
| Interest received | 6,323 |
| Dividends received |
2,955 |
| 258,221 |
| Grant | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| funding | of | |||||||||
| Direct | activities | Support | ||||||||
| Costs (see | (see note | costs (see | ||||||||
| note 5) | 6) | note 7) | Totals | |||||||
| E | E | E | ||||||||
| Almshouse | provision | 240,947 | 1,474 | 40,484 | 282,905 | |||||
| DIRECT COSTS OF | CHARITABLE ACTIVITIES | |||||||||
| Staff costs | 23,082 | |||||||||
| Cleaning | 3,973 | |||||||||
| Insurance | 5,546 | |||||||||
| Light and heat | 36,769 | |||||||||
| Rates and | water | 9,272 | ||||||||
| Gardening | 7,409 | |||||||||
| Property repairs |
38,206 | |||||||||
| Telephone, | broadband 8 IT |
2,282 | ||||||||
| Stationery | and consumables | 664 | ||||||||
| Subscriptions | 581 | |||||||||
| Sundry expenses | 159 | |||||||||
| Bank charges | 107 | |||||||||
| Depreciation | 92,302 | |||||||||
| Interest payable | and | similar charges | 20,595 | |||||||
| 240,947 | ||||||||||
| GRANTS PAYABLE | ||||||||||
| E | ||||||||||
| Almshouse | provision | 1,474 | ||||||||
| The total grants | paid | to institutions | during | the year | was as | follows: | ||||
| E | ||||||||||
| NHS Trust | 1,474 |
| 7. | SUPPORT | COSTS | FOR T | HE | YE | AR ENDED 31 DECEMBER 2020 | |
|---|---|---|---|---|---|---|---|
| Governance | |||||||
| costs | |||||||
| E | |||||||
| Almshouse | provision | 40,484 | |||||
| Support costs, included | in the | above, | are as follows: | ||||
| Alms'house | |||||||
| provision | |||||||
| E | |||||||
| Independent | examiner's | fees | 6,811 | ||||
| Other professional fees |
33,673 | ||||||
| 40,484 | |||||||
| 8. | TRUSTEES' REMUNERATION | AND | BENEFITS | ||||
| There were | no trustees' | remuneration | or other benefits for the year ended 31 December | 2020. | |||
| Trustees' expenses | |||||||
| There were | no trustees' | expenses | paid for the year ended 31 December 2020. |
| TANGIBLE FIXEDASSETS | |
|---|---|
| Freehold | |
| property | |
| F | |
| COST | |
| At 1 January 2020 | 4,704,568 |
| Additions | 582,411 |
| At 31 December 2020 | 5,286,979 |
| DEPRECIATION | |
| At 1 January 2020 | 380,806 |
| Charge for year | 92,302 |
| At 31 December 2020 | 473,108 |
| NET BOOK VALUE | |
| At 31 December 2020 | 4,813,871 |
| FIXEDASSET INVESTMENTS | |
|---|---|
| Unlisted | |
| investments | |
| E | |
| IIARKET VALUE | |
| At 1 January 2020 | 534,896 |
| Disposals | (236,118) |
| Revaluations | 17,364 |
| At 31 December 2020 | 316,142 |
| NET BOOK VALUE | |
| At 31 December 2020 | 316,142 |
| There were no investm | ent | ent | assets out | assets out | side the UK. | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| The opening balance |
of | investments | represents | the market | values | of investments | transferred from |
|||
| predecessor organisations |
with effect from 1 January 2020. |
|||||||||
| 11. | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | ||||||||
| E | ||||||||||
| Other debtors | 1,333 | |||||||||
| Prepayments | 1,937 | |||||||||
| 3,270 | ||||||||||
| 12. | CREDITORS: AMOUNTS | FALLING | DUE WITHIN | ONE YEAR | ||||||
| E | ||||||||||
| Other loans (see note | 14) | 14,150 | ||||||||
| Other creditors | 14,241 | |||||||||
| Accrued expenses | 7,697 | |||||||||
| 36,088 | ||||||||||
| 13. | CREDITORS: AMOUNTS | FALLING | DUE AFTER | IVIORE THAN ONE | YEAR | |||||
| F | ||||||||||
| Other loans (see note | 14) | 273,445 | ||||||||
| 14. | LOANS | |||||||||
| An analysis ofthe maturity | of | loans is given below: | ||||||||
| Amounts falling due within |
one year on demand: | |||||||||
| Charity Bank loan | 11,000 | |||||||||
| Almshouse Association |
loan | 3,150 | ||||||||
| 14,150 | ||||||||||
| Amounts falling between |
one | and two years: | ||||||||
| Charity Bank loan | 11,000 | |||||||||
| Amounts falling due between |
two and five years: | |||||||||
| Charity Bank loan | 33,000 | |||||||||
| Page 12 | continued. .. |
| LOANS - continued | ||
|---|---|---|
| Amounts falling due in |
more than five years: | |
| Repayable by instalments: |
||
| Charity Bank loan | 226,295 | |
| Almshouse Association |
loan | 3,150 |
| 229,445 |
| MOVEMENT | IN | FU | ND | S | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Net | Transfers | |||||||||
| movement | between | At | ||||||||
| At 1.1.20 | in funds | funds | 31.12.20 | |||||||
| E | ||||||||||
| Unrestricted | funds | |||||||||
| General fund |
1,198,326 | (62,221) | 118,448 | 1,254,553 | ||||||
| Investment | revaluation | reserve | 278,882 | 17,364 | (63,243) | 233,003 | ||||
| Property revaluation |
reserve | 3,456,973 | (75,491) | 3,381,482 | ||||||
| Designated | fund | —Major | Repairs | 49 | 49 | |||||
| Designated | fund | —cyclical maintenance | 13,450 | 10,143 | 23,593 | |||||
| Designated | fund | - extraordinary | repairs | 13,923 | 10,143 | 24,066 | ||||
| 4,961,603 | (44,857) | 4,916,746 | ||||||||
| TOTAL FUNDS | 4,961,603 | (44,857) | 4,916,746 | |||||||
| Net movement in |
funds, | included | in the | above are as follows: | ||||||
| Incoming | Resources | Gains and | Movement | |||||||
| resources | expended | losses | in funds | |||||||
| E | E | F | ||||||||
| Unrestricted | funds | |||||||||
| General fund |
258,221 | (282,905) | (37,537) | (62,221) | ||||||
| Investment | revaluation | reserve | 17,364 | 17,364 | ||||||
| 258,221 | (282,905) | (20,173) | (44,857) | |||||||
| TOTAL FUNDS | 258,221 | (282,905) | (20,173) | (44,857) |
| INCOIIE AND END | O | WM | ENTS | |
|---|---|---|---|---|
| Investment income |
||||
| Rents received | 248,943 | |||
| Interest received | 6,323 | |||
| Dividends received |
2,955 | |||
| 258,221 | ||||
| Total incoming resources |
258,221 | |||
| EXPENDITURE | ||||
| Charitable activities |
||||
| Staff salaries | 22,141 | |||
| Staff pensions | 941 | |||
| Cleaning | 3,973 | |||
| Insurance | 5,546 | |||
| Light and heat | 36,769 | |||
| Rates and water | 9,272 | |||
| Gardening | 7,409 | |||
| Property repairs |
38,206 | |||
| Telephone, broadband |
& | IT | 2,282 | |
| Stationery and consumables |
664 | |||
| Subscriptions | 581 | |||
| Sundry expenses | 159 | |||
| Bank charges | 107 | |||
| Property depreciation | 92,302 | |||
| Charity Bank loan interest | 20,595 | |||
| Grants to institutions | 1,474 | |||
| 242,421 | ||||
| Support costs | ||||
| Governance costs | ||||
| Independent examiner's |
fees | 6,811 | ||
| Other professional | fees | 33,673 | ||
| 40,484 | ||||
| Total resources expended | 282,905 | |||
| Net expenditure before |
gains and losses | (24,684) | ||
| Realised recognised | gains and losses | |||
| Loss on sale of investments | (37,537) | |||
| Net expenditure | (62,221) |