| Contents | |
|---|---|
| REPORT OF THE TRUSTEES. | |
| STATEMENT OF TRUSTEES' RESPONSIBIUTIES | |
| INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS AND TRUSTEES OF MITCHAM GARDEN VILLAGE........8 | |
| STATEMENT OF FINANCIAL ACTIVITIES | 10 |
| BALANCE SHEET. | |
| CASH FLOW STATEMENT | 13 |
| NOTES TO THE FINANCIAL STATEMENTS | 14 |
| Statement of Financial | Activities | ||||
|---|---|---|---|---|---|
| 2020 | 2019 | ||||
| Unrestricted | Unrestricted | ||||
| Funds | Funds | ||||
| Notes | f | f | |||
| INCOMING RESOURCES |
|||||
| Incoming resources from generated |
funds | ||||
| Incoming resources from charitable |
activities | 515,243 | 477,492 | ||
| Investment income |
352 | 232 | |||
| Total incoming resources | 515,595 | 477,724 | |||
| RESOURCES EXPENDED | |||||
| Cost ofgenerating funds |
|||||
| Charitable activities |
|||||
| Management charges |
138,057 | 128,285 | |||
| Establishment expenses |
188,023 | 217,177 | |||
| Administrative expenses |
2,805 | 8,327 | |||
| Mortgage interest | 3,550 | 7,343 | |||
| 332,434 | 361,132 | ||||
| Governance costs |
|||||
| Audit fees | 4,800 | 4,800 | |||
| TOTAL RESOURCES EXPENDED | 337,234 | 365,932 | |||
| Net incoming resources | 178,361 | 111,792 | |||
| RECONCILIATION OF FUNDS |
|||||
| Totalbrought forward |
882,989 | 771,197 | |||
| Trust funds at 30September 2020 | 1,061,350 | 882,989 | |||
| Investment property revaluation |
reserve | 6,874,944 | 6,874,944 | ||
| TOTAL FUNDS CARRIED FORWARD | 7,936,294 | 7,757,933 |
| 2020 | |||||
|---|---|---|---|---|---|
| OPERATING ACTIVITIES | |||||
| Net Income | 178,361 | ||||
| Adjustments to reconcile Net |
Income to Net Cash provided | by operations: | |||
| Decrease in debtors | (670) | ||||
| Increase in creditors |
(7485) | ||||
| Total Adjustments to reconcile |
Net Income to Net Cash | provided | by | ||
| operations: | (8,155) | ||||
| Net cash provided by operating |
activities | 170,206 | |||
| INVESTING ACTIVITIES | |||||
| Furniture gt Fittings: Accum. Depreciation |
1,795 | ||||
| Net cash provided by investing |
activities | 1,795 | |||
| FINANCING ACTIVITIES |
|||||
| Mortgage Account | (6,677) | ||||
| Net cash provided by financing |
activities | (6,677) | |||
| Net cash increase for period | 165,324 | ||||
| Cash at beginning of period |
311,944 | ||||
| Cash at end ofperiod | 477,268 |
| Taxation | |||||||
|---|---|---|---|---|---|---|---|
| The charity is |
exempt | from corporation | tax. | ||||
| 3. | Investment | Income | |||||
| 2020 | 2019 | ||||||
| Interest receivable | 352 | 232 | |||||
| 4. | Establishment | expenses | |||||
| 2020 | 2019 | ||||||
| Salaries & Nl | 11,318 | 10,824 | |||||
| Property maintenance |
141,309 | 168,885 | |||||
| Depreciation | 1,795 | 2,243 | |||||
| Insurance | 8,364 | 8,869 | |||||
| Council tax | 1,195 | 933 | |||||
| Water rates | 21,076 | 20,850 | |||||
| Light &heat | 2,966 | 4,573 | |||||
| 188,023 | 217,177 | ||||||
| 5. | Administrative | expenses | |||||
| 2020 | 2019 | ||||||
| Telephone | 276 | 271 | |||||
| Community | support | services | 932 | 1,832 | |||
| Bookkeeping | |||||||
| Lega Ifees |
5,487 | ||||||
| Sundry expenses | 1,505 | 634 | |||||
| Bank charges | 92 | 103 | |||||
| 2805 | 8,327 |
| Mortgage inter | est | ||||
|---|---|---|---|---|---|
| Interest on mortgages | repayable | after | more than one year | ||
| 2020 | 2019 | ||||
| Mortgage interest | 3,550 | 7,343 | |||
| Net Incoming/ | (Outgoing) | Resources | |||
| Net resources are stated after charging/(crediting): | |||||
| 2020 | 2019 | ||||
| Depreciation —owned | assets | 1,795 | 2,243 | ||
| Auditor's remuneration |
4,800 | 4,800 |
| Tangible Fixed |
Assets | |||
|---|---|---|---|---|
| Car Park | Freehold | Fixtures & | Total | |
| Investment | Fittings | |||
| Property | ||||
| Cost/Valuation | ||||
| At 1October 2019 | 28,292 | 7,500,000 | 283,639 | 7,811,931 |
| Additions | ||||
| At 30September 2020 | 28,292 | 7,500,000 | 283,639 | 7,811,931 |
| Depreciation | ||||
| At 1October 2019 | 28,291 | 274,664 | 302,955 | |
| Charge for the year | 1,795 | 1,795 | ||
| At 30September 2020 | 28,291 | 276,459 | 304,750 | |
| Net BookValue | ||||
| At 30September 2020 | 7,500,000 | 7,182 | 7,507,182 | |
| At 30September 2019 | 7,500,000 | 8,976 | 7,508,976 |
| 10. | Creditors: | Amounts | Amounts | falling due within | falling due within | one year |
|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||
| Mortgages | 35,000 | 35,000 | ||||
| Taxation and social | security | 664 | (1,147) | |||
| Other creditors | 5,548 | 14,843 | ||||
| 41,212 | 48,696 | |||||
| 11. | Creditors: | Amounts | falling due after more than | |||
| one year | ||||||
| 2020 | 2019 | |||||
| Mortgage 2- 5 | years | 11,194 | 17,871 | |||
| Mortgage after | 5years | |||||
| Amount falling |
due | within one | year | 35,000 | 35,000 | |
| 46,194 | 52,871 | |||||
| 12. | Reconciliation | of movements | in funds | |||
| 2020 | 2019 | |||||
| Surplus/(Deficit) | of income over expenditure | 178,361 | 111,792 | |||
| for the year | ||||||
| Funds at 1st October | 2019 | 7,757,933 | 7,646,141 | |||
| Funds at 30th September 2020 | 7,936,294 | 7,757,933 | ||||
| The funds comprise | the following: | |||||
| Property Revaluation |
Reserve | 6,874,944 | 6,874,944 | |||
| Trust Fund | 1,061,350 | 882,989 | ||||
| 7,936,294 | 7,757,933 |
| Envelope Summary | Events | Status | Timestamps | |
|---|---|---|---|---|
| Signing Complete | Security Checked | 11June 2021 | ) 11:19 | |
| Completed | Security Checked | 11June 2021 | ( 11:19 | |
| Payment Events | Status | Timestamps | ||
| Electronic Record | and Signature | Disclosure |