2021-12-31-accounts

Trustees	Ms M J Coward (Chair)	Ms M J Coward (Chair)
	Dr M EAldridge
	Mrs B L Bennett
	Ms EWatson
	Ms0 Bevan
	Mr EW Freeman
	Mr JTank (Appointed	January 2021)
	Mr P Mellors (Treasurer)		(Appointed	April 2021)
	DrS Malton (Appointed		February 2022)
Webaits	https://www. abelcollins.		org.uk
Administrator	Mrs C Hughes
Warden	Mrs V Smith
Charity number	1188997
Principal address	13aCollin's Homes
	Derby Road
	Beeston
	Nottingham
	NG9 2TF
Auditor	Rogers Spencer
	Newstead House
	Pelham Road
	Nottingham
	NG5 1AP
Bankers	National Westminster	Bank Pic
	Smiths Bank Branch
	16South Parade
	Notting ham
	NG1 2JX

		Page
Trustees' report		1-4
Statement oftrustees'	responsibilities
Administrator's report		6-7
Independent auditor's	report	8-10
Statement offinancial	activities
Balance sheet		12
Notes to the financial	statements	13-22

			Unrestricted
			funds
			2021	2020
		Notes	f
Igggme frttm:
Other trading activities		2	69,467
Charitable activities		3	309,009
Investments		4	44,940
Income from transfer offunds from old charity			4,338,178
Total income			4,761,594
/~en 'IgDt on:
Other trading activities			694
Charitable activities		6	357,226
Total resources expended			357,920
Net income before investment	gains		4,403,674
Net gains/(losses) on investments		10	215,710
Net movement in funds			4,619,384
Fund balances at 1 January 2021
Fund balances at 31 December	2021		4,619,384

				2021	2020
			Notes	f	f
Fixed assets
Tangible assets			11	1,741,617
Investment	properties		12	685,000
Investments			13	1,801,632
				4,228,249
Current assets
Debtors			14	53,053
Cash at bank and in		hand		384,225
				437,278
Creditors:	amounts	falling due within
one year			15	(46,143)
Net current	assets			391,135
Total assets less current liabilities				4,619,384
Income funds
Unrestricted	funds
Designated	funds		17	25,922
General unrestricted		funds		4,593,462
				4,619,384
				4,619,384

Building structure	100years
Roofs	70years
Windows and doors	30years
Boilers	15years
Fixtures and fittings	20years
Bathrooms	30years
Heating and plumbing	30years
Electrics	40years

							2021	2020
								F
	Commercial		rents receivable				54,282
	Solar energy income						15,065
	Other incoming resources						120
							69,467
3	Charitable		activities	- income
							2021	2020
							5
	Residents'	maintenance			and heating	contributions	309,009
4	Investments		-income
							2021	2020
							5	F
	Dividends	receivable		from investments		and unit trusts	41,941
	Fixed interest investments						2,970
	Interest receivable						29
							44,940

Unrestricted	Total
funds
2021	2020
5	5
694
694

				2021	2020
				F	6
Maintenance				56,614
Utilities				98,389
Other homes	expenses			64,589
Major works	& refurbishment		costs	22,764
Depreciation				59,802
Administrator's	salary			21,507
Insurance &office expenses				10,920
Professional	fees			6,652
Gifts, outings	&parties			1,728
				342,965
Share ofgovernance		costs	(see note 7)	14,261
				357,226
Governance	costs
				2021	2020
				F	F
Administrator's	salary			3,684
Audit and accountancy		fees		9,087
Legal and professional		fees		1,490
				14,261

		2021	2020
		Number	Number
Employment	costs	2021	2020
		E	E
Wages and salaries		44,455
Pension costs		1,039
		45,494

Unrestricted	Total
funds
2021	2020
E	F
215,710

Tangible fixed assets
				Freehold	Solar panels	Fixtures and	Total
				pfopeny		fittings
						6
Cost
Additions				87,872		3,745	91,617
Transfers from old charity				1,844,302	147,900	6,856	1,999,058
At 31 December 2021				1,932,174	147,900	10,601	2,090,675
Depreciation
Depreciation charged	in the	year		42,790	14,790	2,222	59,802
Transfers from old charity				202,499	85,043	1,714	289,256
At 31 December 2021				245,289	99,833	3,936	349,058
Carrying amount
At 31 December 2021				1,686,885	48,067	6,665	1,741,617
The freehold property	consists ofthe		homes at Derby	Road:
Houses 1-26, built pre-war
Bungalows 27-50, built	in 1958					86,308
Bunglaows 51-53, built	between 1980and 1982					89,815
Bungalows 54-56, built	in 1985					83,027
Bungiaows 57-59, built	in 1990					125,233
Druiy bungalows practical completion			January 2010			750,198
Capitalisation ofcomponents		on various properties				797,593
						1,932,174

Fixed as	set investments
		Listed
		investments
		6
Cost or	valuation
At 1 January 2021
Valuation	changes	215,710
Transfers	from old charity	1,585,922
At 31 December 2021		1,801,632
Carrying	amount
At 31 December 2021		1,801,632
At 31 December 2020

14	Debtors
				2021	2020
	Amounts	falling due within one year:		6	6
	Other debtors			17,966
	Prepayments		and accrued income	35,087
				53,053

15	Creditors: amounts	falling due within one year	2021f	2020f
	Other taxation and social security Trade creditors		459 7,257 981
	Other creditors Accruals and deferred	income	37,446
			46,143

Movement		Movement
in funds		in funds
Incoming resources1	Balance at January 2021	Incoming resources	Balance at 31December 2021
			f
		25,922	25,922
		25,922	25,922

				Uninc. charity
			2021 6	2020 f
income Residents' maintenance Miscellaneous income Solar energy income	and heating	contributions	309,009 120 15,065	294,732 122 15,875
Total income			324,194	310,729
Expenditure
Management: Administrator's salary Postage, stationery and Audit and accountancy Professional fees Insurance	office expenses		25,191 1,573 9,589 6,711	26,193 1,681 6,216 6,243 7,325
			43,064	47,658
Maintenance: Routine Painting and decorating			33,732 22,883	25,083 8,269
			56,615	33,352
Utilities			98,389	89,211
Other expenses: Warden's salary and associated costs Alarm system/maintenance Garden maintenance			20,304 11,351 16,163	20,847 12,060 15,463
Cleaning Telephone			4,696 2,478	1,050 2,323
Staff travel and training			1,019
Solar panel maintenance			3,389	3,546
Hall costs			2,700
Sundries			2,488	5,269
			64,588	60,558
Total expenditure			262,656	230,779
Operating surplus			61,538	79,950

				Uninc. charity
			2021	2020
			6	6
Rents receivable			54,282	13,241
Less
Net property expenses			(694)	(433)
			53,588	12,808
Other income
Investment income			44,911	35,481
Interest receivable			29	318
Total income			98,528	48,607
Expenditure
Major works and refurbishment		costs	22,764	18,289
Depreciation			59,802	55,185
Audit and professional	services		2,850	2,855
Professional fees			4,791	3,300
Insurance			2,635	1,504
Christmas gifts			1,728	1,520
Total expenditure			94,570	82,653
Operating surplus/(deficit)			3,958	(34,046)