BARTON & ROYLE HOMES FINANCIAL STATEMENTS ST YEAR ENDED 31 DECEMBER 2020 THE BARTON AND ROYLE HOMES LEGAL AND ADMINISTRATIVE INFORMATION Charity Registered Number 200097 Trustees Mrs Rosemary Gentry The Reverend Josephine Spray Mr Mike Marshall Mr Ralph Leaper (resigned 31" July 2020) Mrs Glen de Ville Mr Andrew Barr Mrs Gillian Bishop Mrs Alex Jermyn Contact Mrs S Newman 4, The Furlong Putnoe Bedford Beds MK418EE Bankers CAF Bank Independent Examiner Trevor Dimmock FCA THE BARTON AND ROYLE HOMES- TRUSTEES, REPORT FOR THE YEAR ENDED 31" DECEMBER 2020 The Trustees present their Annual Report together with the independently examined accounts for st the year ended 31 December 2020. Governing Document th The Charity was registered on 26 September 1962 and its governing document is a scheme of the th th Charity Commissioners dated 27 September 1963 as amended by schemes dated 4 May 1966 and th 18 February 2003. Objects The Trust continues to provide Almshouse accommodation for poor, aged and deserving persons. Properties are refurbished as they become vacant. With the exception of periods of refurbishment, the Trusts properties are 100% occupied. Activities The Trustees began the year expecting to complete the replacement roofing programme and the long-planned site improvements. Unfortunately, the Coronavirus restrictions and the subsequent problems of obtaining building supplies, have delayed these aims. Four replacement roofs were completed during the year. Emergency works have been managed in a Covid safe manner; less urgent renovation has been deferred, with the exception of at least one new energy efficient heater installed in each bungalow to replace the aging underfloor heating systems. The planned site refurbishment was begun but had to be postponed. We expect this to be completed during the coming year. The Trustees are also expecting to complete upgrades on several bungalows for long- term residents who have not benefitted from any refurbishment carried out on empty properties. The Trustees continue to aim to provide comfortable, safe and efficient homes for their beneficiaries. Financial Review The major expenditure during the year was in relation to site improvements, the replacement roofs, other general maintenance and refurbishment of two properties, which became empty early in the year, and the provision of a Clerk and Warden. The receipts and payments account for the year showed a surplus of £130,205, largely due to the release of investments to fund the site improvement programme, which was then partially delayed by Coronavirus (deficit of £55,859 in 2019). Total net assets excluding the value of the properties amounted to £774,065 (£830,877 in 2019). Reserves The Trustees consider that the level of reserves is appropriate having regard to future refurbishment costs. Public Benefit The Trustees are aware of the Charity Commissions guidance on public benefit and consider that the charitable objects fall well within the public benefit guidelines. Signed on behalf of the Trustees Reverend Jo Spray Chairperson INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE BARTON AND ROYLE HOMES I report on the accounts of the Charity for the year ended 31st December 2020. Respective responsibilities of trustees and examiner. As the charitvs trustees you are responsible for the preparation of the annual accounts; you consider that the audit requirement of section 144(2) of the Charities Act 2011 (the Act) does not apply. It is my responsibility to state on the basis of procedures specified in the General Directions given by the Charity Commissioners under Section 145 of the Act, whether particular matters have come to my attention. Basis of examiner's report. My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any suth matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. Independent Examinerfs statement Based on my examination, no matter has come to my attention: which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with Section 130 of the Act and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act have not been met, or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached, Trevor T Dimmock FCA Chartered Accountant Ivy House, Lodge Road, Cranfield, Beds, MK43 OBQ th 24 March 2021 BARTON & ROYLE HOMES RECEIPTS AND PAYMENTS ACCOUNT YEAR ENDED 31ST DECEMBER 2020 2020 2020 2019 2019 RECEIPTS Weekly Maintenance Charge Share Income Sale of shares / investments Investment Income Rental Income Bank Interest Other Income (including Guest Bungalow) Donations TOTAL RECEIPTS 106,007 2,614 160,000 3,336 11,650 16 250 104,257 4,567 28,188 3,321 11,400 44 1,622 283,873 153,399 PAYMENTS BPHA Carelink / Mobile Warden Repairs and Maintenance Salaries and staff costs Council Tax Electricity General Expenses Insurance Investments Refurbishment- Bungalows Lydstep- Maintenance & Management Fees Surveyors / Solicitors Fees Water Rates TOTAL PAYMENTS 7,206 87,164 28,037 8,683 138,520 27,255 54 2,074 1,819 8,775 1,882 2,089 9,042 12,902 1,969 1,208 2,169 153,668 13,006 2,054 4,430 2,589 209,258 EXCESS OF RECEIPTS OVER PAYMENTS Bank reconciliation Balances at beginning of year Bank balance at Year End Less un-presenled cheques Balance at Year End 130,205 55,859 48,702 178,956 50 104,561 48,702 178,906 £48,702 Represented byfunds at.. CAF Bank Current Account CAF Bank Reserve Account 158,535 20,371 178,906 28,347 20,355 £48,702 Comprising of: GENERAL FUND CAPITAL FUND 172,734 6,172 178,906 42,530 6,172 48,702 BARTON & ROYLE HOMES STATEMENT OF ASSETS AND LIABILITIES AS AT 31ST DECEMBER 2020 ASSETS 2020 (£) 2019 (£) 2018 (£) Bank Balances CAF Bank Current Account CAF Bank Reserve Account Total Bank Balances 158,535 20,371 178,906 28,347 20,355 48,702 72,250 32,310 104,561 Units / shares Investments CCLA Investment Management Ltd - Charities Investment Fund Accumulation Units Income Units 937 26,493 1471 193,688 220,181 176,422 24,900 201,322 144,680 21,072 165,752 M&G Investments The National Association of Almshouses Common Investment Fund (NAACIF) Extraordinary Repair Fund Income Units Recoupment Account Income Account 35608 200,573 11533 9,644 1083 100,195 28247 23,620 334,032 389,571 10,422 103,488 25,527 529,008 330,549 9,180 87,525 22,485 449,739 Shares Astra Zeneca BP PLC British American Tobacco (sold 10/10/19) GlaxoSmithKline HBOS / Lloyds Banking Group Intercontinenetal Hotels (sold 14/11/19) RioTinto 110 3,827 8,056 9,751 8,368 18,048 6,460 18,980 11,925 13,809 220 13,813 7,199 72,406 926 425 12,427 155 16,474 266 193 10,557 40,946 8,691 51,846 Total Value of Investments 595,159 782,176 687,897 Total Assets 774,065 830,877 £792,457