| Page | ||||
|---|---|---|---|---|
| Trustees' | report | |||
| Statement | oftrustees' | responsibilities | ||
| Independent auditors' |
report | |||
| Statement | ofComprehensive | Income | ||
| Statement | of Financial | Position | ||
| Notes to the accounts |
| Registered | charity number | 200821 | |
|---|---|---|---|
| Co-optative | Trustees | Mr J Beatty | |
| MrJ Sayer (Appointed | 21 October 2020) | ||
| Mr EWest (Resigned | 22 July 2020) | ||
| J Franklin (Vice Chair) |
|||
| Mrs P Stafford | |||
| Ex-Officio | trustees | Father Ross Northing | (Chair) |
| Clerk | Miss K Phillips | ||
| Office | 78 London Road | ||
| Stony Stratford | |||
| Milton Keynes | |||
| Bucks | |||
| MK11 1JH | |||
| Auditors | Hickeson Boyce Limited | ||
| 68a High Street | |||
| Stony Stratford | |||
| Milton Keynes | |||
| MK11 1AQ | |||
| Bankers | Lloyds Bank pic |
||
| Secklow Gate | |||
| Milton Keynes | |||
| Bucks | |||
| MK9 3EH |
| Notes | Unrestricted | Rest | d | Total | Total | ||
|---|---|---|---|---|---|---|---|
| INCOME AND EXPENDITURE | Funds | Fund~ | 2021 | 2020 | |||
| Incoming resources | |||||||
| Maintenance contributions |
from | ||||||
| residents | 18,698 | 18,698 | 18,782 | ||||
| Activities for generating funds |
|||||||
| Investment income |
431 | 431 | 209 | ||||
| Grants receivable | 10,000 | 10,000 | 30,000 | ||||
| Total incoming resources |
19,129 | 10,000 | 29,129 | 48,991 | |||
| Resources expended | |||||||
| Direct charitable expenditure |
8,869 | 4, | 182 | 13,051 | 38,762 | ||
| Governance costs |
7,352 | 7,352 | 10,315 | ||||
| Total resources expended | 16,221 | 4, | 182 | 20,403 | 49,077 | ||
| Net incoming resources |
2,908 | 5,818 | 8,726 | (86) | |||
| Unrealised (losses)/gains |
on | ||||||
| investment assets |
12,179 | 12,179 | (2,638) | ||||
| Net movement in funds |
15,087 | 5,818 | 20,905 | (2,724) | |||
| Fund balances brought forward |
58,386 | (5,818) | 52,568 | 55,292 | |||
| Fund balances carried forward | 7/8 | 73,473 | 73,473 | 52,568 |
| Notes | 2021f | 2020f | |||||
|---|---|---|---|---|---|---|---|
| Fixed assets | |||||||
| Investments | 66,645 | 48,786 | |||||
| Current assets | |||||||
| Debtors | 877 | 883 | |||||
| Cash at bank and in | hand | 9,140 | 13,055 | ||||
| 10,017 | 13,938 | ||||||
| Less current liabilities | |||||||
| Creditors: | amounts | falling due | |||||
| within one | year | (3,189) | (10,156) | ||||
| Net current assets | 6,828 | 3,782 | |||||
| Net assets | 73,473 | 52,568 | |||||
| Funds and | reserves | ||||||
| Unrestricted | funds | 73,473 | 58,386 | ||||
| Restricted | funds | (5,818) | |||||
| 73,473 | 52,568 |
| Maintenance | contributions | receivable |
|---|---|---|
| less: Voids | ||
| Total income | from lettings | |
| Units ofaccommodation |
| 2021 | 2020 |
|---|---|
| 18,698 | 18,782 |
| 18,698 | 18,782 |
| Total resources | expended | ||
|---|---|---|---|
| 2021 | 2020 | ||
| Total | Total | ||
| Direct charitable | expenditure | ||
| Repairs and maintenance Heating Insurance |
10,461 115 907 |
36,263 146 855 |
|
| Water | 1,169 | 1,288 | |
| Alarm monitoring |
and maintenance | 214 | 210 |
| Gifts and donations | 185 | ||
| 13,051 | 38,762 |
| Governance costs | |||
|---|---|---|---|
| Secretarial services | 4,579 | 4,709 | |
| Audit fees | 600 | 600 | |
| Professional fees |
1,242 | 1,894 | |
| Almshouse consortium |
fee | 500 | 3,000 |
| Sundries | 30 | 84 | |
| Subscriptions | 401 7,352 |
28 10,315 |
|
| Amounts payable in respect of audit services |
600 | 600 |
| 4 | Fixed asset i | nvestment | ||||||
|---|---|---|---|---|---|---|---|---|
| Charities | ||||||||
| National Association of Almshouses CIFshares |
Official Investment Fund- accumulation |
Charities Deposit Account |
Total | |||||
| units | ||||||||
| Cost or valuation | ||||||||
| At 1st April 2020 | 6,301 | 42,435 | 50 | 48,786 | ||||
| Additions | 5,400 | 3,280 | 8,680 | |||||
| Disposals | (3,000) | (3,000) | ||||||
| Increase/(decrease) | on revaluations | 1,905 | 10,274 | 12,179 | ||||
| At 31stMarch 2021 | 13,606 | 52,989 | 50 | 66,645 | ||||
| 5 | Debtors | 2021 | 2020 | |||||
| F | ||||||||
| Prepayments | 8 accrued income | 877 | 883 | |||||
| 877 | 883 | |||||||
| 6 | Creditors | |||||||
| Amounts falling due within one |
year | 2021 | 2020 | |||||
| Other creditors | 2,559 | 9,526 | ||||||
| Bank loans | ||||||||
| Accruals and Deferred income | 630 | 630 | ||||||
| 3,189 | 10,156 | |||||||
| Total | ||||||||
| Designated | Undesignated | unrestricted | ||||||
| 7 | Unrestricted | funds | funds | funds | funds | |||
| At 1st April 2020 | 56,489 | 1,897 | 58,386 | |||||
| Net incoming | resources/(resources | expended) | ||||||
| for the year | 2,908 | 2,908 | ||||||
| Appropriations in the year Surplus on revaluations in year |
(3,449) | 3,449 12,179 |
12,179 | |||||
| At 31st March | 2021 | 53,040 | 20,433 | 73,473 |
| erton Almshouses Charity es to the Accounts the year ended 31 March 2021 |
|||
|---|---|---|---|
| Designated funds |
Cyclical Maintenance Fund |
Extraordinary Repair Fund |
Total Designated Funds |
| At 1st April 2020 | 56,439 | 50 | 56,489 |
| Appropriations in the year |
(3,449) | (3,449) | |
| At 31stMarch 2021 | 52,990 | 50 | 53,040 |
| Grant fund | |
|---|---|
| At 1st April 2020 | (5,818) |
| Income | 10,000 |
| Expenditure | (4,182) |
| Transfers | |
| At 31stMarch 2021 |