2020-12-31-accounts

	Page
Legal and Administrative Information
Report ofthe Trustees	2-4
Independent Examiner's Report
Statement ofComprehensive Income
Statement ofFinancial Position
Statement ofCash Flows
Notes to the Financial Statements	9-15

TRUSTEESt	Mrs Gillian Cooper
	lvlrs Janet Fardel 1 (Chair)
	Revd Eric Lomax
	Mrs Frances Leonard
	Mrs Annette Chandler
CLERK:	Miss Julia Eros
CHARITY~ER:	200397
INDEPENDENTE~R	Rawlinson Pryde Limited
	Argent House
	5 Goldington Road
	Bedford
	MK40 3JY
	NatWest Bank pic
	81 High Street
	Bedford
	MK40 1YN
INVESTMENT MANAGERS	BlackRock Investment	Management	(UK) Ltd
	PO Box545
	D arlington
	DL1 9TQ
	M &G Securities Limited
	PO Box9038
	Chelmsford
	CM99 2XF

		Unrestricted	Restricted	Total	Total
	Notes	funds	funds	2020	2019
INCOMING RESOURCES
Voluntary Income:
Contributions Receivable (Gross)		101,198		101,198	99,293
Less: Voids		(12,260)		(12,260)	(11,092)
Less: Write-Otfs (Fraud)		(3,607)		(3,607)
Contributions Receivable (Net)		85,331		85,331	88,201
Grants Received
Investment Income		5,145		5,145	6,430
Interest Receivable		40		40	88
Sundry Income		30		30	190
TOTAL INCOMING RESOURCES		90,546		90+46	94,909
RESOURCES EXPENDED
Administrative Expenses	3	(90,535)		(90,535)	(90,150)
Interest Payable and Similar Charges
TOTAL RESOURCES EXPENDED		(90,535)		(90,535)	(90,150)
Change in Value ofInvestments		(8,487)		(8,487)	10,983
(DEFICIT)/SURPLUS FORTHE YEAR		(8,476)		(8,476)	15,742
SURPLUS BROUGHT FORWARD		196,409		196,409	180,667
TRANSFERS
SURPLUS CARRIED FORWARD		187,933		187,933	196,409

			Notes		2020		2019
FIXEDASSETS:
Tangible assets					1,109456		1,102,570
Investments					132,625		141,112
					1,241,881		1,243,682
CURRENT ASSETS:
Cash at bank and in hand				79,521		75,044
Debtors				2,175		2,460
				81,696		77,504
CREDITORS: Amounts		falling
due within one year			7	(3362)		(4,667)
NET CURRENT ASSETS:					78334		72,837
CREDITORS: Amounts		falling
due greater than one year			7		(8,750)		(11,250)
NET ASSETS:					1,311,465		1,305,269
FUNDS:
Accumulated surplus			12	104,481		104,470
Investment revaluation	reserve		13	83,452		91,939
Surplus carried forward					187,933		196,409
Restricted funds			14
Maintenance reserves			8		110,929		96,257
Property equity reserve			15		1,012,603		1,012,603
TOTAL FUNDS:					1,311,465		1,305469

				2020	2019
Cashflow from operating activities
Surplus for the year				(8,476)	15,742
Adjustments for non-cash items:
Depreciation oftangible fixed assets				7410	5,835
Decrease/(increase) in debtors				285	(1,087)
Increase/(decrease) in creditors				(1,305)	1,087
Increase/(decrease) in maintenance			reserve	14,672	5,807
Net cash generated from operating	activities			12486	27,384
Cash flow from investing activities:
Purchase oftangible fixed assets Purchase ofinvestments				(13,896)	(5,660)
Decrease/(increase) in investment Disposal oftangible fixed assets		value		8,487	(10,983) (484)
Cash flow from financing activities
Repayments ofborrowings				(2400)	(2,500)
Net change in cash and cash equivalents				4,477	7,757
Cash and cash equivalents at beginning			oftbe year	75,044	67,287
Cash and cash equivalents at end ofthe			year	79,521	75,044

Administrative expenses	Administrative expenses	Administrative expenses	include the following:
				Total	Total
				2020	2019
Housing management			expenses:
Clerk's fees				6,627	6,336
Insurance				2,007	1,944
Subscriptions				593	565
General expenses				1349	1,437
Accountancy fees				910	1,014
AA administration	fee			125	125
Professional fees- legal					1,156
				11,611	12,577
Service costs:
Warden's salary				14,893	14,618
Employer's NIC				193	188
Care-link and mobile		warden costs		8,577	8,091
Rates				3,913	3,268
Light and heat				2,884	3,202
Telephone				662	609
Gardening				1,510	1,415
Cleaning				645	752
Television licences				177	181
Professional fees					2,594
				33,454	34,918
Property provisions:
Repairs and maintenance			provisions	38460	36,821
Depreciation				7,210	5,769
Loss/(Pro6t) on disposal					65
				45,470	42,655
Total administrative		expenses		90,535	90,150

TANGIBLE FIXEDASSETS
	Freehold	Freehold	Fixtures and	Total
	Housing	Improvements	Fittings
COST:
At I January 2020	1384,377	56390	45,606	1,486873
Additions		12,7$7	1,109	13,896
Disposals
At 31December 2020	1,384,377	69,177	46,715	1,500,269
LESSHOUSING ASSOCIATION	GRANT
At I January 2020 and
31December 2020	334377			334@77
DEPRECIATIONt
At I January 2020		12,938	36,488	49,426
Charge for year		5,624	1,586	7/10
Elimination on disposal
At 31December 2020		18,562	38,074	56,636
NET BOOKVALUE:
At 31December 2020	1,050,000	50,615	8,641	1,109/56
At 31December 2019	1,050,000	43,452	9,118	1,102,570

INVESTMENTS
		Cost		Market	Value
	2020		2019	2020	2019
M&GCharity Multi Asset Fund Income	g		g		6
Units (NAACIF)
567(567)Income shares	144		144	474	512
3,829(3,829)units- M&G Charifund	21,000		21,000	52,567	63,602
40,398(40,398)shares in BLKCharities
UKBond Fund A Income Fund	28,032		28,032	79,584	76,998
(Charinco)
	49,176		49,176	132,625	141,112

6.	DEBTORS:	2020	2019
			5
	Other debtors	783	890
	Prepayments and accrued income	1/92	1,570
		2,175	2,460
7.	CREDITORS:
	Amounts falling due within one year:	2020	2019
	Trade creditors and accruals	2,343	3,277
	Deferred income	1,019	832
	Social security		558
		3,362	4,667
	Amounts fall due greater than one year:
		8,750	11,250

The Almshouse Association arrangement feeof5%ofthe	loan loan	is interest-fic and repayable over a amount off25,000.	is interest-fic and repayable over a amount off25,000.	10-year period, and	includes an
MAINTENANCE RESERVEt
			Day to Day	Cyclical	Extraordinary
			Maintenance	Maintenance	~Re airs	Total
Provision at Ia January 2020			(1400)	41,518	55tt39	96,257
Expenditure in the year			(11,118)	(12,470)		(23488)
			(12,318)	29,048	55,939	72,669
Charged to income Jt expenditure		account	11,480	16,620	10,160	38,260
Provision at31"December	2020		(838)	45,668	66,099	110,929

					2020	2019
Number	ofhousing	units	in	management:	20	20

	2020	2019
Brought forward at 1a January 2020 Surplus for year Transfer (to)/from restricted fund	104,470 11	99,711 4,759
Carried forward at31sDecember 2020	104,481	104,470
INVESTMENT REVALUATION RESERVE:
	2020	2019
	8
Brought forward at 1"January 2020 Investment revaluation in year	91,939 (8,487)	80,956 10,983
Carried forward at 31 December 2020	83,452	91,939

15.	PROPERTY EQUITY RESERVEt
		2020	2019
		5
	Brought forward at Ia January 2020 Revaluation ofIreehold property	1,012,603	1,012,603
	Canied forward at31"December 2020	1,012,603	1,012,603