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|---|---|---|---|---|
|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||
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|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|
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|INVESTMENT INCOME||
|---|---|
|Rents received|248,943|
|Interest received|6,323|
|Dividends
received|2,955|
||258,221|
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||||||||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|
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|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.|||
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|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|
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|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. ..|
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|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|
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|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)|
##
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|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)|