| Pages | |||
|---|---|---|---|
| Trustees' | annual report |
1 to 9 | |
| Independent examiner's report to the trustees |
10 | ||
| Statement | offinancial | activities | |
| Statement | offinancial | position | 12 |
| Notes to the financial | statements | 13to 24 |
| Registered charity |
name | Barnstaple Almshouses |
Barnstaple Almshouses |
Barnstaple Almshouses |
Barnstaple Almshouses |
||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Charity registration | number | 1186225 | |||||||||
| Principal office | Chudleigh | House | |||||||||
| Grange Road | |||||||||||
| Bideford | |||||||||||
| Devon | |||||||||||
| EX394AR | |||||||||||
| The trustees | |||||||||||
| Co-optative | Nominated | Appointed | to | Reappointed | on | Reappointed | to | ||||
| Mr M Ford(Chairman) | 8.11.2021 | 3.6.2021 | 3.6.2024 | ||||||||
| Mr E Dymond | 8.11.2021 | 3.6.2021 | 3.6.2024 | ||||||||
| Rev D Fletcher | 8.11.2022 | ||||||||||
| Dr RBeer (Rtd) | 8.11.2020 | 3.6.2021 | 3.6.2024 | ||||||||
| Mr BAnderson | 8.11.2022 | ||||||||||
| Mr R Saunders | 8.11.2022 | ||||||||||
| Mrs S Smaldon | 8.11.2022 | ||||||||||
| Mrs PArthur | 8.11.2022 | 3.6.2021 | 3.6.2024 | ||||||||
| Cllr V | Elkins | 16.6.2022 | |||||||||
| Ex Officio Trustee | 1.5.2021 | 27.5.2021 | 1.5.2022 | ||||||||
| he Mayor of Barnstaple | |||||||||||
| Rennles. | |||||||||||
| Independent Examiner |
Solicitors | IFA | Bank | ||||||||
| Catherine Williams |
ACA DChA | Slee Blackwall | Mrs K | Baines | Barclays | ||||||
| Thomas Westcott | Solicitors | Perrins | Financial | Planning | 38 Boutport | Street | |||||
| Chartered Accountants |
10Cross | Street | NODE | Cowork | Barnstaple | ||||||
| 47 Boutport Street | Barnstaple | 1 | Enterprise | Road | EX31 1HH | ||||||
| Barnsta pie | EX32 1BA | Roundswell | |||||||||
| EX31 1SQ | Tozers Solicitors | Barnstaple | |||||||||
| Broadwalk | Devon | ||||||||||
| House | EX31 | 3YB | |||||||||
| Southernhay W |
|||||||||||
| Exeter | |||||||||||
| EX1 1UA |
| Year ended 30 | June | 202 | 1 | ||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| Unrestricted | Restricted | Endowment | |||||
| funds | funds | funds | Total funds | Total funds | |||
| Note | 6 | E | 6 | 6 | E | ||
| Income and endowments | |||||||
| Donations and legacies |
4 | 10,800 | |||||
| Charitable activities |
5 | 320 | 320 | ||||
| Other trading activities |
6 | 164,880 | 164,880 | 54,133 | |||
| Investment income |
7 | 10,283 | 10,283 | 2,631 | |||
| Other income | 8 | 2,092,239 | |||||
| Total income | 175,483 | 175,483 | 2,159,803 | ||||
| Expenditure | |||||||
| Expenditure on |
|||||||
| charitable activities |
9,10 | 172,343 | 11,162 | 183,505 | 35,523 | ||
| Total expenditure | 172,343 | 11,162 | 183,505 | 35,523 | |||
| Net gains/(losses) | on | ||||||
| investments | 13 | 46,286 | 46,286 | (18,958) | |||
| Net income | 3,140 | 35,124 | 38,264 | 2,105,322 | |||
| Transfers between |
funds | (6,274) | 50 | 6,224 | |||
| Net movement in |
funds | (3,134) | 50 | 41,348 | 38,264 | 2,105,322 | |
| Reconciliation of |
funds | ||||||
| Total funds brought | forward | 243,876 | 240 | 1,861,206 | 2,105,322 | ||
| Total funds carried forward | 240,742 | 290 | 1,902,554 | 2,143,586 | 2,105,322 |
| 30June 2021 | ||||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Nots | 6 | |||
| Fixed assets | ||||
| Tangible fixed assets | 18 | 1,770,348 | 1,665,671 | |
| Investments | 19 | 355,612 | 290,570 | |
| 2,125,960 | 1,956,241 | |||
| Current assets | ||||
| Debtors | 20 | 283 | 2,213 | |
| Cash at bank and in | hand | 110,330 | 149,975 | |
| 110,613 | 152,188 | |||
| Creditors: amounts | falling due within one year | 21 | 11,717 | 3,107 |
| Net current assets | 98,896 | 149,081 | ||
| Total assets less current liabilities | 2,224,856 | 2,105,322 | ||
| Creditors: amounts | falling due after more than one year | 22 | 81,270 | |
| Net assets | 2,143,586 | 2,105,322 | ||
| Funds ofthe charity | ||||
| Endowment funds |
1,902,554 | 1,861,206 | ||
| Restricted funds | 290 | 240 | ||
| Unrestricted funds |
240,742 | 243,876 | ||
| Total charity funds | 23 | 2,143,586 | 2,105,322 |
| Unrestricted | Restricted | Total Funds | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | 2021 | |||||||
| f | F | E | |||||||
| Donations | |||||||||
| Donations | |||||||||
| Grants | |||||||||
| Grants | |||||||||
| Unrestricted | Restricted | Total Funds | |||||||
| Funds f |
Funds | 2020 f |
|||||||
| Donations | |||||||||
| Donations | 24 | 24 | |||||||
| Grants | |||||||||
| Grants | 10,001 | 775 | 10,776 | ||||||
| 10,025 | 775 | 10,800 | |||||||
| 5. | Charitable | activities | |||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||||
| Funds f |
2021 E |
Funds E |
2020 | ||||||
| Annual | Licenses | 320 | 320 | ||||||
| 6. | Other | trading | activities | ||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||||
| Funds | 2021 E |
Funds f |
2020 f |
||||||
| Residents | contributions | 165,000 | 165,000 | 53,953 | 53,953 | ||||
| Allotment | income Penrose | (120) | (120) | 180 | 180 | ||||
| 164,880 | 164,880 | 54,133 | 54,133 | ||||||
| 7. | Investment | income | |||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||||
| Funds | 2021 | Funds | 2020 | ||||||
| E | E | E | |||||||
| Bank interest | receivable | 14 | 14 | 22 | 22 | ||||
| Investment | income | 10,269 | 10,269 | 2,609 | 2,609 | ||||
| 10,283 | 10,283 | 2,631 | 2,631 |
| Unrestricted | Restricted | Endowment | Total Funds | ||||
|---|---|---|---|---|---|---|---|
| Funds F |
Funds E |
Funds E |
2021 f |
||||
| Transfer | from | Barnstaple | Municipal | ||||
| Charities | |||||||
| Unrestdcted | Restricted | Endowment | Total Funds | ||||
| Funds | Funds | Funds | 2020 | ||||
| E | 6 | 6 | |||||
| Transfer | from | Barnstaple | Municipal | ||||
| Charities | 210,769 | 240 | 1,881,230 | 2,092,239 |
| Expenditu | re on charitable a |
ctivities by fund type | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total Funds | ||
| Funds | Funds | Funds | 2021 | ||
| F | 6 | f | 8 | ||
| Charitable | activities | 143,460 | 11,162 | 154,622 | |
| Support costs | 28,883 | 28,883 | |||
| 172,343 | 11,162 | 183,505 | |||
| Unrestricted | Restricted | Endowment | Total Funds | ||
| Funds | Funds | Funds | 2020 | ||
| E | 6 | 6 | 6 | ||
| Charitable | activities | 26,809 | 775 | 3,746 | 31,330 |
| Support costs | 4,193 | 4,193 | |||
| 31,002 | 775 | 3,746 | 35,523 |
| Activities | |||||||
|---|---|---|---|---|---|---|---|
| undertaken | Grant | funding | Total funds | Total fund | |||
| directly 6 |
of | activities 6 |
Support costs f |
2021 E |
2020 f |
||
| Charitable | activities | 153,691 | 931 | 28,883 | 183,505 | 35,523 |
| Charitable | ||||||
|---|---|---|---|---|---|---|
| activities | Total 2021 | Total 2020 | ||||
| 6 | E | |||||
| Staff costs | 20,300 | 20,300 | 1,348 | |||
| General office | 168 | 168 | 30 | |||
| Legal and professional | fees | 1,798 | 1,798 | 1,210 | ||
| Independent Examiner |
fees | 1,928 | 1,928 | 1,500 | ||
| Investment management |
costs | 389 | 389 | 105 | ||
| Loan arrangement | fee | 4,300 | 4,300 | |||
| 28,883 | 28,883 | 4,193 | ||||
| 12. | Analysis ofgrants | |||||
| 2021 f |
2020 F |
|||||
| Grants to individuals | ||||||
| Grants to individuals | 931 | |||||
| Total grants | 931 |
| 13. | Net gains/(losses) | Net gains/(losses) | Net gains/(losses) | on investments | on investments | on investments | on investments | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Endowment | Total | Funds | Endowment | Total Funds | |||||||||
| Funds | 2021 | Funds | 2020 | ||||||||||
| 6 | E | 6 | |||||||||||
| Gains/(losses) | on listed | investments | 46,286 | 46,286 | (18,958) | (18,958) | |||||||
| 14. | Net income | ||||||||||||
| Net income is | stated | after | charging/(crediting): | ||||||||||
| 2021 | 2020 | ||||||||||||
| Depreciation | oftangible | fixed assets | 18,547 | 5,025 | |||||||||
| 15. | Independent | examination | fees | ||||||||||
| 2021 | 2020 | ||||||||||||
| 6 | E | ||||||||||||
| Fees payable | to the | independent | examiner for: | ||||||||||
| Independent | examination | of the financial | statements | 1,500 | 1,500 | ||||||||
| 16. | Staff costs | ||||||||||||
| The total staff | costs | and | employee | benefits for | the reporting | period are | analysed as | follows: | |||||
| 2021 | 2020 | ||||||||||||
| F | |||||||||||||
| Wages and salaries | 30,802 | 10,946 | |||||||||||
| 30,802 | 10,946 |
| During the year no trustees received were reimbursed to Trustees. Tangible fixed assets |
remuneration in respect of bei |
ng a trustee. |
No expenses |
|---|---|---|---|
| Freehold | Plant and | ||
| property | machinery | Total | |
| E | 6 | ||
| Cost | |||
| At 1 July 2020 | 1,663,489 | 7,207 | 1,670,696 |
| Additions | 117,795 | 5,429 | 123,224 |
| At 30June 2021 | 1,781,284 | 12,636 | 1,793,920 |
| Depreciation | |||
| At 1 July 2020 Charge for the year |
4,424 15,537 |
601 3,010 |
5,025 18,547 |
| At 30June 2021 | 19,961 | 3,611 | 23,572 |
| Carrying amount |
|||
| At 30June 2021 | 1,761,323 | 9,025 | 1,770,348 |
| At 30June 2020 | 1,659,065 | 6,606 | 1,665,671 |
| Investments | |
|---|---|
| Listed | |
| investments | |
| 6 | |
| Cost or valuation | |
| At 1 July 2020 | 290,570 |
| Additions | 18,756 |
| Fair value movements | 46,286 |
| At 30June 2021 | 355,612 |
| Carrying amount |
|
| At 30June 2021 | 355,612 |
| At 30June 2020 | 290,570 |
| All investments shown above are held at valuation. |
| 20. | All investments Debtors |
shown | above are held at valuation. | ||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| 6 | |||||
| Prepayments | and accrued income | 148 | 2,213 | ||
| Other debtors | 135 | ||||
| 283 | 2,213 | ||||
| 21. | Creditors: amounts | falling due within one year | |||
| 2021 | 2020 f |
||||
| Trade creditors | 1,187 | 1,607 | |||
| Accruals and | deferred | income | 1,500 | 1,500 | |
| Other loans | 9,030 | ||||
| 11,717 | 3,107 | ||||
| 22. | Creditors: amounts | falling due after more than one year | |||
| 2021 | 2020 | ||||
| 9 | 6 | ||||
| Otherloans | 81,270 |
| Unrestricted | funds | |||||
|---|---|---|---|---|---|---|
| At | At | |||||
| 1 Jul 2020 f |
Income F |
Expenditure | Transfers 30Jun 2021 E f |
|||
| General funds | 115,017 | 175,483 | (144,707) | (131,690) | 14,103 | |
| Maintenance | funds | 9,120 | (9,120) | |||
| Almshouses | Fixed Assets | 107,588 | (7,406) | 123,224 | 223,406 | |
| Poor's Income Fund | 2,151 | (1,110) | 2,192 | 3,233 | ||
| NDDC Business Grants Covid-1 9 | 10,000 | (10,000) | ||||
| 243,876 | 175,483 | (172,343) | (6,274) | 240,742 | ||
| At | At | |||||
| 1 Jul 2019 | income | Expenditure | Transfers 30Jun 2020 | |||
| 6 | E | |||||
| General funds | 157,226 | (29,724) | (12,485) | 115,017 | ||
| Maintenance | funds | 9,120 | 9,120 | |||
| Almshouses | Fixed Assets | 108,181 | (1,278) | 685 | 107,588 | |
| Poor's Income Fund | 2,151 | 2,151 | ||||
| NDDC Business Grants | ||||||
| Covid-19 | 10,000 | 10,000 | ||||
| 277,558 | (31,002) | (2,680) | 243,876 |
| At | At | |||||
|---|---|---|---|---|---|---|
| 1 Jul 2020 8 |
Income E |
Expenditure E |
Transfers 30Jun 2021 f 8 |
|||
| Extraordinary | repair fund | 240 | 50 | 290 | ||
| At | At | |||||
| 1 Jul 2019 F |
Income f |
Expenditure | Transfers 30Jun 2020 8 8 |
|||
| Devon CC/NDD Covid-1 9 Fund | 495 | (495) | ||||
| Western Power In this together | ||||||
| fund | 280 | (280) | ||||
| Extraordinary | repair fund | 240 | 240 | |||
| 1,015 | (775) | — | 240 |
| At | Gains and | At | ||||||
|---|---|---|---|---|---|---|---|---|
| 1 Jul 2020 f |
Income f |
Expenditure f |
Transfers F |
losses 30 f |
Jun 2021 f |
|||
| Property | Fund | 1,558,104 | (11,162) | 1,546,942 | ||||
| Investment | fund | 303,102 | 6,224 | 46,286 | 355,612 | |||
| 1,861,206 | (11,162) | 6,224 | 46,286 | 1,902,554 | ||||
| At | Gains and | At | ||||||
| 1 Jul 2019 | Income f |
Expenditure f |
Transfers f |
losses 30 Jun 2020 f f |
||||
| Property | Fund | 1,561,850 | (3,746) | 1,558,104 | ||||
| Investment | fund | 319,380 | — | 2,680 | (18,958) | 303,102 | ||
| 1,881,230 | (3,746) | 2,680 | (18,958) | 1,861,206 |
| Analysis of net as | se | ts between f | unds | |||
|---|---|---|---|---|---|---|
| Unrestdicted | Restricted | Endowment | Total Funds | |||
| Funds f |
Funds F |
Funds F |
2021 f |
|||
| Tangible fixed assets | 223,406 | 1,546,942 | 1,770,348 | |||
| Investments | 355,612 | 355,612 | ||||
| Current assets | 110,323 | 290 | 110,613 | |||
| Creditors less than | 1 | year | (11,717) | (11,717) | ||
| Creditors greater than | 1 year | (81,270) | (81,270) | |||
| Net assets | 240,742 | 290 | 1,902,554 | 2,143,586 | ||
| Unrestricted | Restricted | Endowment | Total Funds | |||
| Funds | Funds | Funds | 2020 | |||
| F | f | f | f | |||
| Tangible fixed assets | 107,567 | 1,558,105 | 1,665,672 | |||
| Investments | 290,569 | 290,569 | ||||
| Current assets | 139,416 | 240 | 12,532 | 152,188 | ||
| Creditors less than | 1 | year | (3,107) | (3,107) | ||
| Creditors greater than | 1 year | |||||
| Net assets | 243,876 | 240 | 1,861,206 | 2,105,322 |
| Detailed Statement Year ended 30June |
ofFinan 2021 |
cial Activities | ||
|---|---|---|---|---|
| 2021 | 2020 | |||
| 6 | ||||
| Income and endowments | ||||
| Donations and legacies |
||||
| Donations | 24 | |||
| Grants | 10,776 | |||
| 10,800 | ||||
| Charitable activities |
||||
| Annual Licenses |
320 | |||
| Other trading activities | ||||
| Residents contributions |
165,000 | 53,953 | ||
| Allotment income Penrose |
(120) | 180 | ||
| 164,880 | 54,133 | |||
| Investment income |
||||
| Bank interest receivable | 14 | 22 | ||
| Investment income |
10,269 | 2,609 | ||
| 10,283 | 2,631 | |||
| Other income | ||||
| Transfer from Barnstaple | Municipal | Charities | 2,092,239 | |
| Total income | 175,483 | 2,159,803 |
| Expenditure on char |
ita | ble | activities | ||
|---|---|---|---|---|---|
| Charitable activities |
|||||
| Activities undertaken | directly | ||||
| Salaries - caretakers | 10,502 | 9,598 | |||
| Residents committee |
expenditure | 1,279 | 1,083 | ||
| Utilities | 19,937 | 7,548 | |||
| Cyclical repairs to Almshouses | 90,192 | 5,479 | |||
| Insurance | 4,954 | 1,683 | |||
| Extraordinary repairs |
to Almshouses | 6,106 | 226 | ||
| Office costs | 1,887 | 547 | |||
| Depreciation | 18,547 | 5,025 | |||
| Subscriptions | 287 | 141 | |||
| 153,691 | 31,330 | ||||
| Grant funding activities |
|||||
| Grants paid | 931 | ||||
| Support costs | |||||
| Salaries - charity manager | 20,300 | 1,348 | |||
| Loan arrangement fee |
4,300 | ||||
| Legal and professional | fees | 1,798 | 1,210 | ||
| Office costs | 168 | 30 | |||
| Accountancy | 1,928 | 1,500 | |||
| Investment management |
costs | 389 | 105 | ||
| 28,883 | 4,193 | ||||
| Expenditure on charitable |
activities | 183,505 | 35,523 |