2021-03-31-accounts

			Page
Report of the Trustees			1-3
Independent Examiners report to		the Trustees
Statement ofComprehensive Income
Statement ofchanges	in Reserves
Statement of Financial	Position
Cash Flow Statement
Notes to the Financial	Statements		9-15
Detailed Income and	Expenditure	Account	16
Schedule of Investments RIncome			17

The Trustees	The Trustees	intend	intend	to continue	to continue	providing accommodation	providing accommodation	in accordance	with the charity	objectives
with the emphasis			on	people	in	need.
Professional		Advisors
Principal	Bankers:					Barclays Bank pic
						PO Box 54
						Chichester
						West Sussex
						PO19 1HT
Solicitors						Irwin Mitchell	LLP
						Thomas Eggar House
						Friary Lane
						Chichester
						West Sussex
						PO19 1UF
Independent		Examiner				Amy Kensett	FMAAT FCCA
						Sheen Stickland
						Chartered Accountants		and Registered	Auditors
						7 East Pallant
						Chichester
						West Sussex
						PO19 1TR
			Signed on		behalf of the Trustees:....................

TURNOVER:
Income:
Contributions from		residents:		Rent		84,789
				Services		17,239
Grants						4,558
						106,586
Less: Losses from Voids
						106,586
OPERATING	EXPENDITURE
Services						(25,973)
Management						(36,064)
Day to day maintenance						(SI121)
Cyclical	maintenance					(24,701)
OPERATING	SURPLUS					14,727
Gains/Losses on investments						52,007
Interest	receivable	and	other income			10,055
Interest	payable and similar charges					(3,026)
SURPLUS
					5,7	73,763
TOTAL COMPREHENSIVE			INCOME FOR 'THE YEAR

			Income	and	Revaluation	Total
			Expenditure	Reserve	Reserve
Balance	at 1 April 2020			538,990	88,046	627,036
Surplus	from Statement	of
Comprehensive income				73,763		73,763
Transfers				(52,007)	52,007
Balance	at 31 March 2021			560,746	140,053	700,799

									2il22
									6
Net income for the reporting period (as per the			statement	of financial			activites)	73,763
Adjustments for:
Net assets transferred from Countess	of	Derby's Almshouses							627,036
Gains/losses on investments								(52,007)
Interest received								(3)
Rental Income								(106,586)
Investment Income received								(10,052)
Increase/(Decrease) in creditors								(20,416)	68,634
Decrease/ (Increase) in debtors
Net cash provided by (used in) operating		activites						~335303	695 630
Cash flows from operating activites:
Cash generated from operations								(115,301)	695,670
Net cash provided by (used in) operating		activites						(1153301)	6956670
Cash flows from Investing activites:
Housing properties transferred from	Countess of Derby's Almshouses								(424,257)
Investments transferred from Countess		of	Derby's Almshouses						(217,823)
Interest received								3
Rents received								106,586
Investment Income received								10,052
Accumulated dividends								(9,818)
Net cash provided by (used in) investing		activites						1063823	(6423080)
Cash flows from financing activities:
Repayments of borrowing								(9,472)
Net cash provided by (used in )financing			activities					(9,472)
Change in cash and cash equivalents	in the reporting				period			(17,950)	53,590
Cash and cash equivalents at the beginning			ofthe reporting			period		53,590
Cash and cash equivalents at the end	of	the reporting			period			353640	533590

8.	FIXED ASSETS HOUSING	FIXED ASSETS HOUSING	PROPERTIES	~21	2020
					E
	Cost:
	At 1st April 2020 and 31st March 2021			424,257	424,257
9.	INVESTMENTS
	Market value of UK listed	investments
	Investments transferred	from Countess of Derby's Almshouses			217,823
	Brought forward			217,823
	Accumulated dividends			9,817
	Unrealised gains/(losses)			52,007
	Market value of investments		at 31st March 2021	279,647	217,823

10. DEBTORS
								2021		2020
								E		E
Prepayment	of Social Housing		Subscription
11.CREDITORS: Amounts		falling due		within	one year:
								~20	1	~202
								E
Accountancy	fee								2,568	2,568
Independent	Examiner's	fee							2,400	2,400
Legal fee										17,803
Fresh pic loan									9,472	8,612
Services									2,544	2,460
Repairs and	Redecorations								1,735
Tenancy Deposit										1I000
Social security and other		taxes								45
Internet									110	102
Gardening and Cleaning									303
								19,132		34,990
The average	number of days between			receipt	and payment	of purchase	invoices was 3.

Fresh pic loan						15,059	24,531
Deferred Income Grant						4,554	9,113
						19,613	33,644
The Fresh pic loan is repayable	by half-yearly			fixed payments	of 65,818.99
(including interest), and the principal		amount		will be repaid	over the following
periods:
More than 1year but less	that 2 years					10,418	9,472
More than 2 years but less	than	5 years				4,641	15,059
						15,059	24,531
Grants deferred were comprised			as	follows:
The Housing Association						1,048	2,100
The Housing Corporation						2,577	5,154
Chichester District Council	and Chase		Charity etc			218	436
Department ofthe Environment						711	1,423
Tota I Grants						4,554	9,113

Movements	on th	e General Fun	d in the year were as follows:
				XIX	~2
				General	General
Unrestricted	Fund			Fundf	Fundf
Balance brought		forward
at 1st April	2020			538,990
(Deficit)/Surplus		for the year		73,763
Transfers				(52,007)	538,990
Balance at	31st March 2021			560,746	538,990

Excess of market	Excess of market	value over cost
at beginning	ofyear		88,046
Transfers			52,007	88,046
			140,053	88,046

			Tangible
			fixed			Other net
			assets f		Investments f	assets f	Totalf
Unrestricted	Fund		424,	257	139,594	(3,105)	560,746
Investment	Revaluation	Reserve			140,053		140,053
			424I	257	279,647	(3,105)	700,799

						2021	2020
						f	E
Maintenance contributions	from			residents		102,907
Grants						4,558
Less: Losses from voids						(879)
						106,586
Bank deposit interest received
Dividends received						10,052
						116,641
Less Expenditure:
Community Care emergency				alarm system	rental	(4,040)
Water Rates and Council		Tax				(4,476)
Insurance						(2,149)
Repairs and redecorations			etc.			(29,822)
Gardening and Cleaning						(5,043)
Subscriptions, advertising,				etc		(381)
Electricity Gas for central heating						(1,950) (10,463)
Legal and professsional		fees				(8,702)
Accountancy and audit	fee					(12,600)
Estate Agent's commision
Christmas gifts						(515)
Sundry expenses						(616)
Fresh pic —loan interest						(3I026)
Manager						(10,488)
Internet						(536)
Stationery						(76)
Investment Gains/Losses						52,007
						73I763

				'0 l0				0 N 0	0 N 0 N	0 0	N 0 N		0 0 N	0 0	0 N 0 N	rl N 0 N		0 N0 N	0 0 N	CFI 0 N	0 0
			Ih C	CL eV CI				lA 0 N	CO 0 N	N Ul	N0 N		0 N	0 N	N lA	O ID		LA 0 OI N	GO 0 CO N	M M	0 N
			OI 2	C 0 E				N M N	Ol IA N	W DI N M	IA M		M	M	Ol	M		N	N			N lA0
			e
				N							OI ID				0
			5	Pl							M
				III							N											N
			Z
		lJ6 Ih ~ Ih C CI-		Ih 6 Ih lh							GO											0 N
		I C	g g								lA											IA
			Ih
			Cl
		Ih g ewo Ih 0
	N0 N2 U	Ih lU&cc 7ii U																					0 OI0
	X																						0 CI
	I-																						IO
	N																					I
	M																						E
	Ci																						U
	Ci2
				III
				C0				N M	Ch IA	M OI N	lA M lD
				ih				N	N	M
	rI-
	Ci		6
0 MU N	K CiU2		& ) V	0 rv				MO CO N N							N lA M			CO 'IDN				MN GO N
N CIX	M Ci2		IIIZ										Ih CI
NZ	NI-2					0							50				il Ih
N IS Ci CI NN I-2 CIU	XI- 2 M CI Ci X UN				Z [JJ M M (g c5 Z	E 0 .0 4J IO U 0 lh IO C0 IO Z	c O Ci E Ih ) Cl 0 0 E E 0 U	Ih c M 0 0 4J IO E U O IA CO N				E lO 4 lL 'V E IO IO Ih Ih M UJ g C ) g M Z C U M Ig 0 0 V 0 Eo E ID 0 M ZZULA					E Cl 0 IO U 0 Ih .e 'V IO	hi Ih IO M CI E 0 U M CO GO