Charlty number: 1186744 THE GEORGIANA BURRELLALMHOUSES UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31 frfARCH 2021 ThE GEORGIANA BUARELLALMHOUSE5 CONTErirs Pa6e Ref*reTr¢e and •dmln1strad￿ d•tsiis of th• t￿rIty, Its Trurtoesand •dthsers Trust••s' r•port Independent ￿MIn•¢$ r•port St¥temenl of flnan¢l•l aclhhles aknn¢e sheet Not•% to th• flnancknl rtat•m•nts THE GEORGIANA BURRELLALMHOUSES REFERENCE AND ADMINISTK4TIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2021 Trusr4es Mrs J Kemp, thair Mrv R E Steele, Trustee Mrs F Noble, Trustte Mr D Sashforth. Trusteè lappolntÉd 8 ￿)￿120211 Ch•rlty reglstered numb*r 1186744 Prlnclpal offle• Clo Lupton Fawcett Denlson fill Yorkshire House East Parade L•eds LSI 5BD Independert examlTrer Jane Marshall FCA DChA BHPLLP 2 Rutland Park Sheffièld S102PD 8•nkws Nat West Bank Pl¢ POBox120 42 Hlgh Streèt Sheffleld SI IQG Page 1 THE GEORGIANA BURAELLALMHOUSES TRUSTEES, REPORT FOR THE YEAR ENDED31 MARCH2021 The Trustees present thelr annual report wlth the flnandal 5tsternents of th• charlty for the l Aprfl 2020 to 31 March 2021. The trustEe5 hwe adopted the prov151ans of the Ststement of RÈctsmmÈnded Pr?rtlce150RPI -AccountlnB and Reporting by Charttles" IFPS 1021 Sn pr&parlng the annual rèport and financlal ststements of the charlty. The flnandal statements have been prepared In accordance vAth the ac¢ountln8 poll¢les set out in notes to the accounts and comply wlth the chadtls 8overnlng doujment, the Charftles Att 2011)nd Accountlng and Reporting by Charitle5'. 5tstement of Recommended Practlte appllcable to charltie5 Prepa￿n8 thelr accounts in xtordance wllh the Financial ReportlnB Standard appll¢able in the UK and Republlc of Ireland published in October2019. . Ponth4 obhcll¥u ind publlc bon*fft The Trust P￿￿deS th¢ publlc benefft of maklng avallable hèavlly subsldlsèd hou51ng for Inhabltsnts of the aty of Sheffleld who, havln8 reured from worl flnd thèmsÈlves In a flnanclal posltlon where they cannot adequately house themselves. Durlng the year rtftèÈn re51dents We￿ housed In the Mfve hjmshouses t>wned by the trust. The Trustees welcome people regordle55 of 8ender, relI￿Ou$ or polld¢al bellefs. Arhlekymerti undperfomJo&Ke a. Key yrforni¥rKe Indkators Throu6hout the year the trust ha5 contlnued to provlde and malntsln the Nefve ￿m$houSe$ it own5 that are locited at Knowle Lane, Sheffield. Costs of malntslnln8 and manJgin8 the Almshouses werè fundèd by contrlbutlons recelved from occupjnts of £28,207 1202tr. £29,510). Total expendlture on tharitsble advltles amounted to £33,40812020- £35,782). This resulted In an lerall deficit for the year of £5,20112020.. £6,272). The deficlt was made up of a surplus on unrestrictèd funds of £10,172, a deflcit on ￿strrrted fund5 of £14,384 and a deficit on endowm•nt fvnds tsf £98g before other recD8nised gains and 11153es. Galn5 on irNestrnents for the year were £75.762 12020.. £25,078 loss) and accountin8 fgr funds brought forward, the ch8rtty has net assets of £1,277,82712020.. £1,207,2661 at the year ené. Of these. unre5trlcted lund5 5tènd at £7,470 12020.. £1,078), there arè surplus restrlcted fund5 of £105.832 1202tr. £116.4361 •nd endowment funds of £1,164,52512020.. £1,089,752>. b. Inv•fim•nt pollcy and porforniant• The Truste￿ powers of Investment a￿ those contsln•d In the Trusteè Investsrent Art 2000. The pollcy of the trustte$ durlng the year was to maintain Its income Iwels of prewous years, whllst preser¥ing the real value of the tndgwed investments. In orderto maximi5e fund5 8vallable for repairs and maintenance carrled out on the Alrnshouses. F￿￿￿￿01reV1tW & GOI￿ conc•m After making approprtatè enquirie5, the trustees have a reasonable expectstlon thai the thartty ha5 adequate resource5 to tontinue in operauonal existence for the foreseeable future. For thls reason they contlnue to adopt the goln8 concem basls in preparlnB the flnandal 5tstements. Further detslls re8ardln8 the adoptloTh of the 601￿ concern basls ¢4n be found In the A£countln8 Poll¢les. Page 2 THE 6EORGL4NA WRRELLALMHOUSES TRusfEES' REPORTICONTINUEDI FOR THE YEAR ENDED 31 MARCH2021 b. Ru•r¥u poury The trustèes makè tfdnsfÈrs tts restricted fund5 eich year due to the requirements of the ChBrtty Commls51on 5cherne5 under whlth the Chlrlty Is constltutsd. These restrictions are requlred 59 that fund5 are avallable for ihe emer8encrf and regular maintenance of the Almshou5e& ￿r the comlng year the Tru5tee5 wlll conslder the use of the emeryenty repalr fund in Iwht of the orlglnal guldance from the Charlty Cornmlssion and the current requirements of the charity. In addluon the trustees have tsken steps to In¢reas* rental Income whkh would ensure the charfty becomes sustslnable. As at 31 March 2021. totsl reserves ware £L281,646 12020: £1207.2661 of whlch £7,184 12020.. £1,078) were unrestrlcted, £l(8,93712020.. £116,436) wer¥ restrltted and £1,164,525 {2020.. £1,089.7521 w8r¢ endowment. The chadty currendy has free reseryes of £7.184. The truxees not belSeve Inueased free feserves are ￿qUI￿d, as any exreptlonal expendlture thal may be requlred would be repalrs based and could bè funded frDm the restrlcted malrtenance fund. . Oryanls•tlonil strurture and dethlon.m*lng poll¢les The Geor8iana Burrell Almshouses WBS reWs¢ered as a charltatAe Incorporaied or8ants•don ICIOI on 4 Decomber 2019. In plannlng our acdvftles for the year we kept In mind the Charity Comm￿s1on'$ 8uldanc• on publie ￿nefit at our tmstee meetln8$. In normal clrcurnstsnces the trustees meet twice a year, namely In Mjy and Nuvember. The first meetinB fe411￿5 the work of the trust in the precedlng year to the prevlou5 31 March and the Second meetln8 apprE)ves the accounts far that prevlou5 year, and also deals with any matters relatlng to the current yèar in hand. In addltlon, the trv5tees hove spedal meetin£s from tlme to tlme In the event of lrnptsrtant matters requirin8 prompt ded￿On5 arising. Thè mode of appointment of trustee5 15 J5 follow5. When a vacancy occurs, nomlnatlons are put foN•rd by the other ex15tlng trustees. The trustees then meet and ¢hoose a sultsble Candldate from the nofflinatlons. The candldate then attends the next trustees, meetin8 to be intemewed. 11 the Intervlew Is successful, the individual sign5 the 5rhedule of truslee5 in the trusvs mlnute book. Thereafter they attend meetifTrg5 In the normal way. New trustees are fully Inductsd In the manaKernent strutture of the trust and all roquirÈmÈnts Df thom as trustets. TNstee tralnln8 Js ddlvèred vla the trustee meetlngsl and upon request If 5peclfic need5 ar15e11.e. new le8lslatlonl. JI tr￿te￿ glve of thelr tlme freely and no remuneratlon or expenses were pald In the year. Meryer accountl The Georylana Burrell Almsh(wses was registered a5 a chadtaWe Incorporated a￿anIsat￿on I'CIO'I wlth re8lstratlon number 1186744 on 4 December 2019. The Gecr8lana Burrell ￿rnshOU$eS unlncorporated chartty wtth reglstr*t¢n number 229468 mer¥ed wth the new CIO on 22 January 2021 and as such rner8er accountin8 ha5 been used in thesè hnanclal statements. ThÈ assets, liabiltties ond funds of the comblnln8 tharltles are presented as thou8h thèy had always been part of the Same reportlng charlty. The results of the comblnlng charltles pre 8nd post merger have been disclosed in nots 15 In Ilne with SORP IFRS 1021 re4ulrements. Page 3 ThEGEORGIANA DURRELLALMII(JUSE5 TRUSTEES, AEPORT(CONTINUEDI FOR THE YEAR ENDED31 MARCH2021 stst•m•nt olTrurt•w' r•4xTh￿hIMe1 The Trustee5 ?re re5ponslble for prepadn8 the Tmste¥$' rnport and the fln•n¢lal statements in accordance wtth appllcable law and United ￿ngdoM AC¢ountIr￿ Standards Iunlted Klnsdom Generally Accepted Accountn8 Pradcel. Thè law applitable to charrtie5 In ErKqland & Wales requires the Tru5tee5 to pr¢p4re flnanrlal Statements for eath flnanclal whlch 8ive i true and tslr view of the state of affalr5 Qt the charlty and of Its IncomSn8 resources and appllcatlon of resources, includin8 its incorne and expendlture, for that perlod. In preparln8 these flnanclal ststèmènts, thè Trustees are requlred to: Select Suitable 8ccountlng pollcles and then apply thèm eonsi5tentty,' observe the methods and printiple5 of the thorlttes SORP 2019 IFRS 1021,. make lud8ements and •c¢ountin4 estlmates that are reasonable and prudenL' ¥tJte whether appllcable UK Accountln8 Standards hove been followed, sublert tD any rn¥terful d?parturE5 disclosed and explalned In the flnancial statements; prepare the fingncl41 ststements on the 8oin8 ¢oncern ba515 unless Itls Inapproprtate to presumè that the chadty will continue In buslne55. The Trustees I￿ re5pon51ble for kloplrvd adequatè attounting record5 th¥t ore 5uffldent to show and explaln the ¢harfty's tran￿ctIonS and dlsclose with rèasonable ?ccurw at any tlme the fTnanclal posltlon of the th•rlty and enible them to ensure that the financlal Statements comply wlth the Charltles Art 2011. the Charlty IA¢¢ounts and Reportsl Re8ulaUons 2LTh and the provisions of the Trust deed. They are also responsible for safe8uardin6 the assets of the charity and hence for takln8 reasonable st*ps for the prevention and detecuon of fraud and other irre8ularltlè5. &uproved by order of the members of the board of TrusteÈs and si8ned on their behalf bv: Mrn F Nobl• Mr•J K4mp Date: t9A. 03,12 Page 4 ## **THE GEORGIANA BURRELL ALMHOUSES** INDEPENDENT EXAMINER'S REPORT _**FOR THE YEAR ENDED 31 MARCH 2021**_ ## **Independent examiner's report to the Truste s of The Georgiana Burrell Almhouses (the charity)** **I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 March 2021.** ## **Responslbllltles and basis of report** **As the Trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').** **I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the appllcable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.** ## **Independent examiner's statement** **Your attention Is drawn to the fact that the charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice appllcable to charities preparing their accounts In accordance with the Financial Reporting Standard applicable In the UK and Republlc of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 Aprll 2005 which ls referred to In the extant regulations but has been withdrawn.** **I understand that this has been done In order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2019.** **I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any materlal respect:** **1. accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or** **2. the accounts do not accord with those records; or** **3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which Is not a matter considered as part of an Independent examination.** **I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn In this report in order to enable a proper understanding of the accounts to be reached.** **Signed:** **Dated: Mar 14, 2022** ## **Jane Marshall FCA DChA** **BHP LLP 2 Rutland Park Sheffield S102PD** Page5 THE GEORGIA1￿ eURRELLAiMHOUSES STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED31 MARCH2021 UN•rtrlrt•d fund5 Z021 Res¢rkt•d lunth Endowrnent lundi 20U Totsl funds 2021 Total fund5 2020 Note In¢ome •nd endowmentsfrom.. Contributitsns frorn occupant5 28207 29,510 Totsl Income and Èndowrn•ht$ 28307 29,510 Eypendlture on: Ralsln8 funds Charftsble act[￿lIeS IU135 14J84 320 35,782 Totsl •xp•ndltur• 18035 35,782 N•t IncDm•ll•xpèndltur•l Insll1055•$14)n In¥ostments IOJ71 (14,3845 1989) 15,201) 16,27ZI Net 8ains11105se51 on Invèstments 75.762 75.762 125.0781 Net Incwnellexpendlwrel Transfers btheen fund5 io,In I3.7￿) 74,773 70,561 131,3501 li 3,780 N•t rn0￿MeTht In fvnth 6J91 110,6041 74.773 70.561 131J501 RI￿nd11￿10Th of funds: Total funds brou6ht forward 078 116M6 110,6041 ￿￿,751 74,773 1,207,266 70,561 1,238,616 131,3501 Net movement in funds 392 Totsl filnds carrlod foThArd 7870 105,832 1,164,525 L277,827 1,207,266 The Statement of flnanclal o¢tlvlttes Includ￿ all 8alns and losse5 recognised in the year. Page 6 THE GEORGL4P&4 eURRELLALMHOUSES ALANCE SHEEr ASA T31 MARCH2021 2020 Flxed as￿% Tan8iblÈ assets Investments gOOmO 354744 900,W) 281,971 1,256,744 1,181,971 Curr•nt wqts Debtors 600 Cash at bank and In han 23.999 26,885 24,599 26.885 CredRor5'. amDunts falling due wlthln one y•ar io 13,5161 11,5901 Pl•t curr•nt iH•ts 25,29S Total ais•ts IWJ current Ilabllltle5 &177￿1? 1.207,266 Totsl netal￿ts 1277,827 1,207,266 Ch•rltyfynds Endowment fund5 li 1,164,525 105OJ2 7h70 I,J89,752 116A36 1078 Resffirtefl funds li Unrestrkted funds li Total fvr L277,827 1,207266 Thefinaneial statements were approved and authorlsed for I￿u* by the TrLtstses and sl8ned on thelr behatl bv: Mrs F Nobte Mtsj K•mp Date.. The n¢)te5 gn pases 8 to 19 form part of these Ilnanclal statements. P8ge 7 THE GEORGIANA BURRELLALMHOU5ES NOTES TOTHE FINANCIAL STATEMENTS FOR TFIE YEAR ENDED 31 MARCH2021 A¢c•ufttl￿ polldes 1.1 Bosls olpreporntlon oAflnotKlalstottments The chartty constitutes a public benefTt entlty as defined by FRS 102. The fln4ndal statements have been prepared In accordance wlth Accountin8 and Reportlng by Chartties- Ststement of Recommenéed Pracdce appllcable to charitiE5 prEperln8 thelr accounts in accordance wlth the Flnanclal Reporting Standard ppllcable In the UK and Republic of Ireland IFRS 1021 Issued in ortl￿r 2019, the Charltles Act 2011 and UK Generally Accepted Attoundn8 Pra¢ti¢e, The flnandjl ststements have been prepared to glve 4 'true and fail View and hove departed fmm the Chartties (Accounts and Reports) Regulations 2C4)8 1)nly to the extent requlred to Pra￿de a 'true wnd tslr VIe￿. Thts departvre has involved followlng the Accounting and Reporting by CharfUe5'. Ststernent of Réeommended Practlce applleable to charities preporln8 thelr accounts In accordance wlth th¢ Fln•rn¢lal Reportln8 Standard applicable in the UK and Republic of Ireland IFRS 102115sued In October 2019 rather than the Accountlng and Reportin8 by Charitie5: StstEment of Recommended Practlce effertlve from l Aprll 2CQ5 which has sinte been wlthdrawn. The financi?1 ststements are preparèd Dn a Boing concern ba515 under the hlstorical cost conventlon, rnodlfled to Include certain items at fglr value. The flnandal stst•m*nts art presented In sterlin8 which 15 the fvnctlonal currency of the charlty and mund*d to the nearest £ The $18nlflcant a¢¢ountin8 policies applled In the prèparation of these fln¥ndal statements are Set out below. These pdides have been consistèntly applied to all years presented unless otheNlse ststed. The TnLrtee5 have consldered the lrnpact of COV1[￿19 on the thariws attivit1È5. a5 well 05 the wlder economy. The income of the charlty has not bèèn imparted by COVID-19 and In committin8 to maintenance expendlture the TrustÈès are mindful of the reserves available. The Trustees thereforq cvntlnue to adopt the 8oln8 concern basls of preparation for these flnandal statemen L3 In¢omt All Income is reco8nised once th• charlty has entitlemènt to the income, Itls probable thatthe Incorne VAII b• reulved and the amount of incom8 r•celvable can be measured reliablv. IA Expendftu Expendlture Is recoBnlsed once there is a le8al or construttlve a￿￿tIon to transfer econDmic benefit to a third party, it 15 probable thbt a transfer of ètonomic beneflts wlll be requlred In setuement and the amount of thè obli8atitsn tan bé mÈasureé rellably. Expenditure is tlassified by artlvlty- The costs of each attrvity are made up of the totsl of direct CQ5ts and shared costs, induding support costs Involved In undertakin8 each artlvlty. Dlrert costs attributsble to a single a¢tlvlty are allocated dirertly to that actl¥lty. Shared c4sts whirh ¢ontrfbute to more than one artivty and 5UPPOrt costs which are not attributablE to i slngle artlvlty ire apportloned between those aetwitie5 on a ba515 conslstent vAth the use of resources. Central staff costs are Ilocated on the bas15 of Ume spenL and depredatlon char8es allocated on the portion of tha assevs use. Expenditure on ra151ng funds includes all expenditure Incurred by the charity to raise funds for Its tharltable purposes and Includes Costs of all fundraising artivI￿e5 events and non-¢harftsble tradin& Pag¢ 8 THE GEORGIAK4 BURRELLALMHOUSES NOTES TO THE FINANCIAL STATEMENTS FOR nlE YEAR ENDE031 MARG412021 A¢¢0¥n￿￿ polleles Icontlnuedl 14 &*ndlturn (contlnwdl Experbdlture on charftable activiUes ts Incurred on dlrectly undertakln8 the attr￿¥¢$ whld) further the charlty's objectives, as well as any aswclaied 5UPPOrt costs. All èxpenditure15 Incluslve of Irrecoverable VAT. IS Tanglblel&edawts ond depre¢kntlon The Almshouse property Is carrfed In the balance sheet at the trumees, esumate of ¢urTert Tharket values. 6 I￿StMents Flxed asset Investments are a form of financial instrument and are initi41ty reco8nlsed at thelr tranSaC￿On cost and subsequently measured at falr value at the Balance she•t date, unless the value cannDt be rnea5ured rellably In whlch case It is measured at cost les5 impairment. Investment galns and losse5. whether realised or unrÈali5ed, are comblned and presented as 'GalnsllLossesl on Investments, In the Statement of fln8ncl81 adVI￿e$. Trade and other debtors are re¢o6nlsed at the 5etdement amount after any trade dlscount offered. Prepayments are valued at the amount prepald net of any trade dlsctyjnts due. L8 Coth qtbonk qnd In I￿￿￿ Cash at bank and In h?nd Include5 ush and 5hDrt-term hl¥hly1Squld 5nvestments wlth a short maturtty of three m¢Jnths or les5 from the date of acquIsI￿on or openln8 of the deposlt or slmllar acccunL IJ Ilq&lllltles oRdpro¥lslons Liabilities are recognlsed when there15 an obll8atlon at the Balance sheetdate as a rnsult ¢f a pist evenL tt Is probable that a transfer of economlc benefft wlll be reqylrnd In seWemenL and the amount ol the settlement can be estlmated rellablv. abilities are recogn15ed at the amount that the charSty anddpates It wlll pay t¢ settle the debt or the amount It has re¢elved as advanced payments for the 8oods or services it must provlde. Prov151ons are measured at tht best estlmate of the amounts rtqulred to settle the obli8atlon. Where the effed of the time value of money15 materlal, the prO￿s1on Is based on the present value tsf those arnounts, dlscounted at thè prè-tax discount rate that reflects the rlsks speclflc to the Ilablllty. The unwlndlng of the d15count Is reco8nlsed In the Statement of finan¢lal a¢ll￿tIeS as a flnance COSL LIO Flnpndul1nstn￿ftts The charfty only has nnantial assets and financi41 li4bili¥15 of i ￿nd that qualNy a5 ba51c flnandal instrument5. Baslc flnanclal Instrurnents are Inltlally reco8nls8d at transactlon value and subsequently measured at thelr settlement value wlth the ex¢epUon of bank loan5 whlch are subsequently measured at mort15ed cost usln8 the effertlve Interest method. PBg8 9 THE GEORGIANA BUARELLALMHOUSES NOTESTOThE FINANCIAL STATEMENTS FOR THE YEAR ENDED31 MARCH2021 Accountl￿ polkl•s Icontknuqd} 1.11 Fund o((t%mtlMJ General fund5 ire unrestrfcted funds whlch are a￿lIable fDf use at the dlsrretlon of the Trurtees In furthèrance r*f the general oblÈctlves of the Eharlty and whlch ha¥e not been designated for other purposes. Re5tr1rted fund5 are funds whlch are to be used In accordante wlth sptaflc rèstrlcuons Imp05èd by donor5 or whlch have been raised by the tharity for partlcular purposes. The costs of rai5in8 and adminlstering suth fund5 are thar8ed 88aln5t the specfflc fund. The alm and use of eath restrltted fund Is set out ln the notes to the flnandal ststements. Investment Income, 8aln5 and losses are allocated to the approprlatE fund. Qltlcal account1￿ •rtlm•ts ind ir•ai of JU￿•M•nt Estirnates and judgements ore condnually evaluated and are based on hlstortcal •xperl•n¢¢ and r•ther factors. Indudlng expectatlons Df future evgnts thot 4r¢ belleved to be reastsn•ble under the ¢ircumstance& Critical accounYn8 estlmote5 ¥nd wumptlon5.' The charlty makes estlmates and assumptions concernln¥ the fvture. The resultln8 accountln8 estlmates and a55umptlons wlll, by definltlon, seldom equal the related actual rEsults. The estlmit?5 and a55umptlon5 thot have a sl8niNcant risk of causlng a materlAI adjustment to the ¢arryln8 amounts of a55ets and liabilities wthin the next flnancljl year. In¥•sIM￿ manwment costs Endowm•nt fvnds Total funds 2020 fi(nds 2021 Investment management fees Total 2020 Page 10 THE GEORGIANA DURRELLALMHOUSES NOTES TO THE FINANCIAL STATEMENTS R?R THE YEAR ENDED 31 MARCH2021 EMpÈndllure on dwrltablè •rtl¥lrl Unrestrl¢r¢d fvndi 2021 Rtstrl¢t•d funds 2021 Totsl fvnd5 2020 lur￿1 2021 Prop?rty malnttnan Garden malntenance IL384 7000 1939 Insurance 2,939 Mana8ement fees Accountancy LeBal fees 6.3 1,842 2,454 2A54 11.443 Toto12021 18,03S 14.384 32A 35,782 Total 2020 24,697 11,085 35,782 Independent •M*nln•r'i roffluneratFon 2021 2020 Fees payable to the char￿5 Independent examlnerfor the Indeptndent examlnatlon of the tharity'5 pnnual accounts 1,668 Trurt••s' r•muD•r•tbon and expens•s DUrar￿ the year, noTrusitts received any rernuneratlon or other benefits12020- £NILI. Durlnl the yearendEd 31 March 202¥ no Trustse expenses h)ve been in¢urred12020. £NILI. Pagg11 THEGEORGIANA BURRELLALMHOUSES NOTE5 TOTHE FINANCIAL STATEMENTS FOR TIIE VEAR ENDED31 WRCH2021 T*¥lblellxed ismts Fr••lto C•storvDlwtlon At i Aprtl 2020 At 31 March 2021 gIMI At 31 Marrh 2021 At 31 March 2020 9CQ,CQ) Hx•d uset Investm•nts Ustsd Investments Total 2021 2020 Cost orwlwtlon At l Aprfl 2020 Dispo5&15 Revpluatlvn5 281,739 11.2661 281,7J9 112661 32L118 115,LlXII 124.3791 75,762 75.762 At 31 March 2021 356,235 J56,235 281,739 [￿estment cash 509 232 At31 Marth 2021 356,744 356.744 281.971 Pagg 12 THE GEORGIAMA BURRELLALMHOUSES NOTES TO THE FINANCIAL STATEMENT5 FOR THE YEAR ENDED 31 MAR012021 Debtors 2011 1020 Prepaymnts Credltors: Amourts fallni due tAthln one year 2021 2020 Acuualg 1,590 Paqè 13 THE GEORGlAr￿ BURRELLALMHOUSES NOTESTOTHE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 ii. Ststem•nt of funds Stst•meni offuftds- ¢uNent Y￿r Tranil Gilnsl Bdwceat 31 (Lo55￿1 Mwth 2D21 Aprt2020 Int4yne Exp•nthuM Llnrestrlttsd fvnds General Funds 1,078 28207 118,0351 13.7801 7h70 Endowment Fund &089,752 (989) 75,762 1,164,5Z5 ReStrfrt￿fy￿dS Emergenry repair fund 116A36 105,831 Cycllcal malnten4nee fund 116A36 105J32 rofol olfvnd5 7,266 133ACiII 75,762 I.177￿27 P8ge 14 THE GEORGIANA BUIIRELLALMHOUSES NOTES TO THE FINANaAL STATEMENTS FOR 7PIE YEAR ENDED 31 MARCH2021 ststÈmentol fundi Icontlnyedl St•t•mentof funds- prloryear BJlance at 31 Marth 2020 Balance at l April 2019 Translers inlout Galnsl {Lo55e51 Income Expenditure fvnds General Funds 29,510 124.6971 13,7801 1,078 End¢)wment Fund 1,114,830 125,0781 LO89,752 Emeryency repair fund 123,741 18.0851 780 116,436 Cydlcal maintengnce fund 13.LXW)I 3,IXJO 123,741 Ill.(￿? 3.780 116,436 Totalolfvnd5 1.238,616 29,510 135,7821 125,0781 L207.266 Page 15 THE GEORGIAIIA aURRELLALMHOUSES NOTES TO THE FINANCIAL STATEMENTS FOR THF YEAR ENDED31 MARCH2021 Summ•ry of fvnds Summary ol fvttds- currentyeir Trwth Inlout Ins1 •t JI ILos￿1 Morth 1021 A￿1 1020 In¢<¥n• EXp￿d1¢U1* General lunds U178 IA189.752 IIW6 28.207 Ily351 {3,noI 7h70 1,164,525 105W32 Endowment funds 75.762 Restricted funds IJ07J66 28207 75.762 1,277I27 Swnrnary Offve￿5- prlor y•ar Balance at 31 Marth 2020 BalantÈ at l Aprll 2019 Transfers Inlout G4ln ILosse51 Income Expendlture General funds 45 29.510 124,6971 13,7801 1,078 1,089,752 116,436 Endowmert fund5 I,IM.830 123,741 125,0781 Restricted fund5 111.0851 3.780 1,23B,616 29,510 135,7821 125,0781 1,207,266 Endowment lund Thls Is a permanent endowment and represents the volue of all of the tWe￿e ￿mhOuSeS and the m8rket value of Investmènts purchased the remalnder of the Orl￿nal glfL Emeryen¢y re￿IrfUnd Th15 Is a restrfcted fund for the extraardlnjry repalr, Improvement or rebulldlnB of the Almhouses. The fund is represented by an accumulatlon of shares. A tran$fer of £780 to thls fvnd is made each year frorn the general fund. Cyclkal m•lnt•n•nc• fvnd Th15 15 a re5trfcted fund set up to provlde regources to keep the property well maintalned. A transfer C+f £3,frAI Is mode to thb lund every year from the 8eneral fund. These fund5 are requlred by the tharlty Cornmlsslon Schemes underwhlch thè tharlty Is con5tltuted. Pwe16 THE GEORGIANA BUARELLALMHQUSES NOTES TO THE FINANCIAL STATEMENTS FOR THE YE4R ENDED31 MARCH 2021 13. of net455eti betweon of netAssets b•tw*en lundi.14- 3..53..16 PM GMT Email viewed by Jane Marshall l.ane.marshall@bhp.co.ukl 2022-03-14- 4".20".25 PM GMT- IP addrèss." 85.208.32.236 DocLJment e-signed by Jane Marshall ts.ane.marshall@bhp.co.ukl Signature Dale.. 2022-03-14-4..21'.13 PM GMT. Time Sourtr.. setver- IP address.. 86.135.215.252 Agreement completed. 2022-03-14- 4..21..13 PM GMT la Adobe Slgn