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||Page|
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|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|
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|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|||
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|||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|
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||||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|
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|||||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|
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|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|
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|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|
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|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|
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|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|
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|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|
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||||||2020|2019|
|---|---|---|---|---|---|---|
|Number|ofhousing|units|in|management:|20|20|
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||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|
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|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|