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|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||||
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|||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|
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||||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||
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|||||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||
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|Building structure|100years|
|---|---|
|Roofs|70years|
|Windows
and doors|30years|
|Boilers|15years|
|Fixtures and fittings|20years|
|Bathrooms|30years|
|Heating and plumbing|30years|
|Electrics|40years|
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||||||||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||
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|Unrestricted|Total|
|---|---|
|funds||
|2021|2020|
|5|5|
|694||
|694||
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|||||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||
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|||2021|2020|
|---|---|---|---|
|||Number|Number|
|Employment|costs|2021|2020|
|||E|E|
|Wages and salaries||44,455||
|Pension costs||1,039||
|||45,494||
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|Unrestricted|Total|
|---|---|
|funds||
|2021|2020|
|E|F|
|215,710||
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|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||
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|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||
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|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||
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|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|
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|||||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|
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|||||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)|