## ## ||||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
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