REGISTERED CHARITY NUMBER: 201218
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2021
for
Hillier Almshouses
Brewers Chartered Accountants
Bourne House
Queen Street
Gomshall
Surrey
GU5 9LY
Hillier Almshouses
Contents of the Financial Statements for the Year Ended 31 March 2021
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Page |
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Report of the Trustees |
1 |
to |
4 |
Independent Examiner's Report |
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5 |
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Statement of Financial Activities |
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6 |
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Balance Sheet |
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7 |
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Notes to the Financial Statements |
8 |
to |
13 |
Detailed Statement of Financial Activities |
14 |
to |
15 |
Hillier Almshouses
Report of the Trustees for the Year Ended 31 March 2021
Constitution
TheCharityisalsoknownasHilliersCharityRegno.201218andoperatesfromHillierHouse,Farnham Road,
Guildford GU2 7LT.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
TheCharity'sgoverningdocumentisaCharityCommissionSchemedated31stOctober1995(lastamended 6th
February 2006).
REFERENCE AND ADMINISTRATIVE DETAILS
Mrs Maureen Hibberd Chairman
Cllr David Goodwin
Dr Susan Snashall
Mrs Nathalie Antoinet
Mrs Jo Radley
Mrs Ann Dry
Mrs Karen Inch resigned 7 July 2020
Mr Mark Ryan appointed 13 October 2020
Mrs Susan McKenzie appointed 13 October 2020
The Charity has appointed the Official Custodian for Charities as the registered proprietor with the Land Registry.
The Patron: The Right Honourable The Earl of Onslow.
ThetrusteesareaidedinrunningtheCharitybytheclerk/manager.Thefullboardoftrusteesmeets3times per
year.Thechairmanandclerk/managermeetona monthlybasisandencourageat leastoneothertrusteeto join
allofthesemeetings.WhilstCOVID19hashadanimpactontheabilitytomeetinpersonduringthisyear, strong
lines of communication have continued via phone and email.
The appointing bodies are:
Church Meeting of Guildford United Reformed Church
Parochial Church Council of the Ecclesiastical Parish of St Nicolas, Guildford
Trustees of Guildford Methodist Church.
The Charity's :
Independent Examiner is A M Skilton of Brewers Chartered Accountants, Queen St,, Gomshall, GU5 9LY
Bank Current Account is Lloyds, 147 High Street, Guildford GU1 3AG
Bank Deposit Account is CCLA Investment Management Ltd, 80 Cheapside, London EC2V 6DZ
Solicitor is Moore Barlow LLP, The Oriel, Sydenham Road, Guildford GU1 3SR
Page 1
Hillier Almshouses
Report of the Trustees for the Year Ended 31 March 2021
Principal Activities for the Public Benefit
ThepurposeoftheCharity,foundedin1800,istoprovideaccommodationforpoorwomenofgood character
whoarenotlessthan45yearsofageandmembersoftheChurchofEnglandorofsomecongregation of
ProtestantDissentersorMethodists.TheCharityismanagedbytheBoardofTrusteeswhichemploys a
Clerk/Manager, a Finance Officer and a Non-Resident Warden.
TheCharityownsHillierHouse,builtin1970,whichprovidesshelteredaccommodationforolderwomen. Currently
theschemehasnine1-bedroomedflatsand20studioswhichareallself-contained.Atthebeginningof the
accountingyear,1April2020therewas1voidandattheendoftheperiod,31March2021therewere no
voids.Sadly,duringtheyeartwoofourolderresidentsmovedintonursinghomesbutwewerepleased to
welcome three new residents..
TheCharity'sincomemustnotbeuseddirectlyinthereliefofrates,taxesorotherpublicfundsbut may
supplement relief or assistance provided out of public funds.
TheTrusteesconfirmtheyhavereferredtotheCharityCommission'sgeneralguidanceonpublicbenefit when
reviewing the Charity's aims and objectives and in considering the future activities of the Charity.
Recruitment and Appointment of Trustees
The Board of Trustees seeks to recruit new trustees to balance various skills required to manage the Charity.
Duringtheyearoneofourtrustees,KarenInch,steppeddownhoweverwewereverypleasedtowelcome two
new trustees to the board.
Trustee Induction and Training
All newtrusteesarewelcomedintoHillierHouseandspendtimemeetingtheothertrustees,staffandresidents to
understandtheoperationsoftheCharity.Trainingis,bynecessity,tailoredtoindividualneedsdependingon the
knowledgegapsandexperienceoftheindividualinvolvedandfulladvantageistakenofthetraining provided
bytheAlmshouseAssociation.DuetotheCovid19pandemictheannualAlmshouseAssociationseminar was
cancelled.
Whilsttwofulltrusteemeetingwerecancelledduringtheyear,useofalocalchurchhallallowedthetrustees to
meetsafelyononeoccasionduringtheyear.However,themissedmeetingswerereplacedbyafull agenda
andaccompanyingpaperworkwhichthetrusteeswereaskedtocommentonorwherenecessarycasta vote via
email.All informationwascollatedbytheclerkandrecordedwithanyratificationrequiredbeingcarriedover to
the next meeting.
Staff
TheCharitycontinuestoemploy3membersofstaffandarecommittedtonurturingandtrainingthem.
Safeguardingtrainingduetobeattendedby theClerk/ManagerandWardenduringtheyearwascancelled due
toCovid19,althoughstafftookfulladvantageofthevariouson-linetrainingcoursesprovidedbythe Almshouse
Association.
Staffworkingpatternsweregearedaroundkeepingthemsafewithrestrictedduties,reducedhoursand home
working where possible.
Review of the Year and the Future
During2021,onceagain,thetrusteeshavecontinuedtheirobjectiveofprovidingahighstandard of
maintenance,happycommunityspirit,andsafeenvironmentforresidentswhilstcontinuingtoimprove and
modernisethebuildingandfacilities.ThetrusteesandstaffstrivetokeepHillierHouseasanattractive and
desirable place to live in a changing and competitive sheltered housing market.
Page 2
Hillier Almshouses
Report of the Trustees
for the Year Ended 31 March 2021
ThisyearwasparticularlychallengingduetotheCovid19pandemic.Throughouttheyeartheprincipleaim first
andforemostofthetrusteesandstaffwastokeeptheresidents,thestaffandallusersofHillierHousesafe. Some
toughdecisionshadtobemadewithrestrictionsandguidelinesbeingfollowedasdirectedbythe Government.
PPE,handsanitisingdispensersandelectrichand-dryerswereintroducedandasthepandemicworsened the
Charitymadethedecisionthatfacecoveringsmustbewornbyeveryonewithincommunalareasatall times.
Sadly,muchofthesocialactivitiesoftheresidentswerecurtailedandallbutessentialvisitorsand"bubbles" were
prohibitedfromenteringthebuilding,although,fullusewasmadeofthegardenwhilstrestrictionsallowed and
withintheparametersoftheGovernmentguidelines.Thegardenfurniturewasplacedstrategicallyata social
distance,newparasolswerepurchasedandfamilyandfriendswereencouragedtomakegardenvisitswithin the
prescribedruleswhilstpermitted.FishandchipluncheswerealsoenjoyedwiththeWardendeliveringthemto the
residentsdoors.InearlyDecemberourfirstresidenthadhervaccinationandfromJanuary2021manyof the
other residents followed.
During2021,theCharitycontinuedtocompleteallessentialmaintenanceworkandconstantlyensuredall health
and safety requirements were upheld. Fortunately, despite Covid 19 restrictions the undertaking of vital
inspectionsandcertificationssuchasgas,PATtesting,fireriskassessing,firesafetyequipmenttesting,etc. and
cruciallyimplementinganyshortcomingsorrecommendationscontinued.Workwascompletedinthegarden to
removealargeflowerbedtotheeastofthegardenwhichwasreplacedwithturf,reducingthe maintenance
andupkeep.Furtherworkistobeundertakeninthecarparktoproduceextraparking.Itwasagreedthat a
new,largeandwelcomingsignbeerectedonthecarparkwalltoreplacetheratherdatedand functional
signagethathadbeeninplaceforverymanyyears,thesignalsoimprovestheappearanceofthebuilding. In
thefirstquarterof2021thetrusteesconsideredfullupgradingoftheWardenEmergencyCallSystem,an on-line
quorumvoteattheMarch"trusteemeeting"agreedthatthecurrentTunstallequipmentwouldbereplacedby a
Deltasystemwhichwouldbefullycompatiblewiththeswitchfromanaloguetodigitalwhichisexpected to
happenwithinthenext3years.Installationofthenewsystemwilltakeplaceduringthefinancialyear 2021/2022.
During2021the5-yearlyquinquennialreviewisdue;afullsurveyofthebuilding,atwhichtimeconsideration can
be given to future long-term sustainable improvements.
During2020theCharitycontinuedtomakeextrapaymentstoreducetheirloanwithLloydsBankandin January
2021thedecisionwasmadetocleartheloancompletelyleavingtheCharitywiththeliabilityofjust one
AlmshouseAssociationloanwhichisinterest-free.TheCharityalsoadoptedanewaccountingsystem-Xero as
recommended by their reporting accountants.
TheCharityregularlyreviewsallitsadoptedpoliciesonarollingprogramme,withtheDisasterPlanand the
Safeguardingpolicybeingreviewedatleastannually.Mostofthepoliciesarethoserecommendedby the
AlmshouseAssociation.Themajorfinancialandphysicalrisksidentifiedbythetrustees,towhichtheCharity is
exposed, continue to be reviewed on a regular basis and systems established to mitigate those risks.
TheCharityhasmade a surplusfortheyearof£77,495afteradjustmentforunrealisedlossesoninvestmentsheld at
the Balance Sheet date. Aggregate reserves at 31 March 2021 stood at £958,616 (2020:£881,121).
Weekly Maintenance Contributions
TheWMC isreviewedannuallywithanychangesbeingimplementedduringthefirstweekofApril tocoincide with
the start of the Charity's financial year.
Freehold Land and Buildings
Thetrusteesconsiderthatthemarketvalueoffreeholdlandandbuildingsisinexcessoftheamountshownin the
financialstatements,butastheseassetsareusedbytheCharitytofulfilitsprincipalactivityandnodisposals are
envisaged, the excess is not quantified.
Reserves Policy
Thecharityaimstomaintainaliquidreserveincashandinvestmentsonthegeneralfundequivalenttoatleast six
months'managementandservicecosts.Theremainingbankreservesandcurrentassetinvestments are
allocated to improvement projects and to pay for any one-off unforeseen expenditure
Investment Policy
Page 3
Hillier Almshouses
Report of the Trustees
for the Year Ended 31 March 2021
Underitsgoverningdeedthecharityisrequiredto investmoniesnotneededforimmediateworkingpurposes. The
trusteesdeterminewhetherthisshouldbeinbankdepositsorlonger-terminvestmentsaftertaking appropriate
advice.AnewwrittenInvestmentpolicywasformerlyadoptedduring2021basedonthemodel policy
recommended by the Almshouse Association
Resident Involvement
Afullreviewoftheyear'sactivitiesisproducedandcirculatedtotheresidentsandstaffbywayofa regular
Chairman'snewsletter,invitingthemtotaketheopportunityofgivingfeedback.TheCharityalsohasa Facebook
pagewhichisregularlyupdatedwithphotosandeventswhichtheresident'sfamilyandfriendsenjoyseeing and
commenting on.
Statement of Trustees' Responsibilities
RegisteredSocialHousinglegislationrequiresthetrusteestopreparefinancialstatementsforeachfinancial year,
whichgiveatrueandfairviewofthestateofaffairsoftheCharityandofthesurplusordeficitforthatperiod. In
preparing these financial statements the Charity is required to:
-preparethefinancialstatementsonagoingconcernbasisunlessitisinappropriatetopresumethatthe Charity
will continue to exist.
Thetrusteesareresponsibleforkeepingproperaccountingrecords,whichdisclosewithreasonableaccuracy at
anytimethefinancialpositionofthecharityandenableittoensurethatthefinancialstatementscomplywith the
CharitiesAct1993,Schedule1totheHousingAct1996andtheAccountingRequirementsforRegistered Social
LandlordsGeneralDetermination2006asamended.Ithasgeneralresponsibilityfortakingreasonablesteps to
safeguard the assets of the Registered Social Landlord and to prevent and detect fraud and other irregularities.
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.............................................................................
M Hibberd - Trustee
Page 4
Independent Examiner's Report to the Trustees of
Hillier Almshouses
Independent examiner's report to the trustees of Hillier Almshouses
IreporttothecharitytrusteesonmyexaminationoftheaccountsofHillierAlmshouses(theTrust)forthe year
ended 31 March 2021.
Responsibilities and basis of report
As thecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordancewith the
requirements of the Charities Act 2011 ('the Act').
IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutundersection145oftheActand in
carryingoutmyexaminationIhavefollowedallapplicableDirectionsgivenbytheCharityCommission under
section 145(5)(b) of the Act.
Independent examiner's statement
Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattentionin connection
with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.
A M Skilton
Brewers Chartered Accountants
Bourne House
Queen Street
Gomshall
Surrey
GU5 9LY
Date: .............................................
Page 5
Hillier Almshouses
Statement of Financial Activities for the Year Ended 31 March 2021
Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Charitable activities
Charitable Activities
191,527
Investment income
2
6,300
Total
197,827
EXPENDITURE ON
Charitable activities
Charitable Activities
92,497
Other
27,835
Total
120,332
Net gains/(losses) on investments
-
NET INCOME
77,495
RECONCILIATION OF FUNDS
Total funds brought forward
881,121
TOTAL FUNDS CARRIED FORWARD
958,616 |
Restricted
fund
£
-
-
-
-
-
-
-
-
-
- |
31.3.21
31.3.20
Total
Total
funds
funds
£
£
191,527
196,228
6,300
5,617
197,827
201,845
92,497
98,618
27,835
29,432
120,332
128,050
-
(46,899)
77,495
26,896
881,121
854,225
958,616
881,121 |
|
|
|
The notes form part of these financial statements
Page 6
Hillier Almshouses
Balance Sheet 31 March 2021
Notes
FIXED ASSETS
Tangible assets
5
CURRENT ASSETS
Debtors
6
Investments
7
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
8
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS
Amounts falling due after more than one year
9
PROVISIONS FOR LIABILITIES
11
NET ASSETS
FUNDS
12
Unrestricted funds
TOTAL FUNDS |
Unrestricted
funds
£
792,717
7,005
172,716
132,515
312,236
(17,871)
294,365
1,087,082
(22,050)
(106,416)
958,616 |
Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
- |
31.3.21
Total
funds
£
792,717
7,005
172,716
132,515
312,236
(17,871)
294,365
1,087,082
(22,050)
(106,416)
958,616
958,616
958,616 |
31.3.20
Total
funds
£
792,717
3,192
134,401
139,126
276,719
(30,066)
246,653
1,039,370
(83,947)
(74,302)
881,121
881,121
881,121 |
|
|
|
|
|
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissue on
............................................. and were signed on its behalf by:
.............................................
M Hibberd - Trustee
The notes form part of these financial statements
Page 7
Hillier Almshouses
Notes to the Financial Statements
for the Year Ended 31 March 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,havebeen prepared
inaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingbyCharities:Statement of
RecommendedPracticeapplicableto charitiespreparingtheiraccountsinaccordancewiththe Financial
ReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective1January 2019)',
FinancialReportingStandard102'TheFinancialReportingStandardapplicableintheUKandRepublic of
Ireland'andtheCharitiesAct 2011.Thefinancialstatementshavebeenpreparedunderthehistorical cost
convention.
Income
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementto the
funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructiveobligation committing
thecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswillberequired in
settlementandtheamountoftheobligationcanbemeasuredreliably.Expenditureisaccountedfor on
anaccrualsbasisandhasbeenclassifiedunderheadingsthataggregateallcostrelatedtothe category.
Wherecostscannotbedirectlyattributedtoparticularheadingstheyhavebeenallocatedtoactivities on
a basis consistent with the use of resources.
Tangible fixed assets
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetoverits estimated
useful life.
Fixtures and fittings- 10% on cost
Computer equipment- 33% on cost
Taxation
TheHilliersAlmshousesisnotregisteredforValueAddedTax.Inthesefinancialstatements, where
applicable, expenditure is shown inclusive of VAT.
Fund accounting
Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretionof the
trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
Housing properties
Thesearevaluedatcost.Depreciationisnotchargedintheseaccountsasduetoa highproperty residual
valuethechargefortheyearandtheaccumulateddepreciationareimmaterialonanaggregate basis.
The Board annually reviews the materiality of housing property depreciation.
Thecharityhas,overa periodofyears,beenupgradingthebathroomsand kitchens.Dueto the substantial
improvementinvolvedintheupgradingthecostsareincludedunderHousingPropertiesandassuch not
depreciatedduetoimmateriality.Ifanimprovedkitchenorbathroomissubsequentlyreplacedthiswill be
written off to the Income and Expenditure account.
Cyclical Repairs
HilliersAlmshouseshasestablishedaregularprogrammeofcyclicalrepairsandmaintenance.Costs are
charged to the Revenue Account in the year in which they are incurred.
continued...
Page 8
Hillier Almshouses
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
1. ACCOUNTING POLICIES - continued
Housing properties
Maintenance Projects
Maintenanceprojectsunlessrepresentingimprovementstoproperties,arechargedtothe revenue
account in the year in which they are incurred.
Designated Reserves
These are reserves set aside by the Trustees for specific future purposes and projects.
2. INVESTMENT INCOME
INVESTMENT INCOME |
|
|
|
31.3.21 |
31.3.20 |
|
£ |
£ |
Deposit account interest |
99 |
553 |
Investment interest |
6,201 |
5,064 |
|
6,300 |
5,617 |
3. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2021norforthe year
ended 31 March 2020.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31March2021norfortheyear ended
31 March 2020.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Charitable activities
Charitable Activities
196,228
Investment income
5,617
Total
201,845
EXPENDITURE ON
Charitable activities
Charitable Activities
98,618
Other
29,432
Total
128,050
Net gains/(losses) on investments
(46,899)
NET INCOME
26,896
RECONCILIATION OF FUNDS
Total funds brought forward
854,225 |
Restricted
fund
£
-
-
-
-
-
-
-
-
- |
Total
funds
£
196,228
5,617
201,845
98,618
29,432
128,050
(46,899)
26,896
854,225 |
|
|
|
continued...
Page 9
Hillier Almshouses
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued |
|
|
Unrestricted
funds
£
TOTAL FUNDS CARRIED FORWARD
881,121 |
Restricted
fund
£
- |
Total
funds
£ |
|
|
881,121 |
5. TANGIBLE FIXED ASSETS
TheHillierAlmshousesisbuiltuponapieceoflandwhichwasgiftedtotheTrusteesasjointtenantsin 1879.
Thetrusteesconsiderthatthemarketvalueofthefreeholdlandandbuildingsisinexcessofthe amount
showninthefinancialstatements,butastheseassetsareusedbythecharitytofulfilitsprincipal activity
andnodisposalsareenvisaged,theexcessisnotquantified.Intheyearto31March2020,anew guest
room and studio were created by conversion of a previously unused room in the freehold property.
6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
7.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
31.3.21 |
31.3.20 |
|
£ |
£ |
Prepayments and accrued income |
7,005 |
3,192 |
CURRENT ASSET INVESTMENTS |
|
|
|
31.3.21 |
31.3.20 |
|
£ |
£ |
Listed investments |
172,716 |
134,401 |
TheTrustdidnotsellanyinvestmentsintheyearunderreviewandcontinuestohold1,800COIF (formerly
NAACIF) Accumulation Shares. (Base cost £66,300).
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
31.3.21 |
31.3.20 |
|
£ |
£ |
Bank loans and overdrafts (see note 10) |
7,350 |
21,750 |
Payments on account |
2,054 |
- |
Other creditors |
8,467 |
8,316 |
|
17,871 |
30,066 |
continued...
Page 10
Hillier Almshouses
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
|
|
31.3.21 |
31.3.20 |
|
|
£ |
£ |
Bank loans (see note |
10) |
22,050 |
83,947 |
OnemortgageloanwithLloydsTSBwaspreviouslysecuredbychargesonTheHillierAlmshouses' housing
landandbuildingshoweverthetrusteesdecidedduringtheyeartopayofftheoutsandingdebt entirely
and thus remove the mortgage liability from the Balance Sheet.
Duringtheyearto31March2016,theTrustreceived£73,500(includinga5%administrationfee)byway of
aninterestfree,unsecuredloanfromTheAlmshouseAssociation.Theloantermis10years,repayablein 20
equal six-monthly instalments commencing in June 2015.
10. LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank loans
Amounts falling between one and two years:
Bank loans - 1-2 years
Amounts falling due between two and five years:
Bank loans - 2-5 years
PROVISIONS FOR LIABILITIES
Investment revaluation reserve
MOVEMENT IN FUNDS
Unrestricted funds
General fund
TOTAL FUNDS |
31.3.21
£
7,350
14,700
7,350
31.3.21
£
106,416
Net
movement
At 1.4.20
in funds
£
£
881,121
77,495
881,121
77,495 |
31.3.20
£
21,750
43,500
40,447
31.3.20
£
74,302 |
|
|
At
31.3.21
£
958,616 |
|
|
958,616 |
11.
12. MOVEMENT IN FUNDS
continued...
Page 11
Hillier Almshouses
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
12. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
197,827
(120,332)
77,495
197,827
(120,332)
77,495 |
|
|
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS
Comparative net movement in funds, included in
Unrestricted funds
General fund
TOTAL FUNDS |
Net
movement
At
At 1.4.19
in funds
31.3.20
£
£
£
854,225
26,896
881,121
854,225
26,896
881,121
the above are as follows:
Incoming
Resources
Gains and
Movement
resources
expended
losses
in funds
£
£
£
£
201,845
(128,050)
(46,899)
26,896
201,845
(128,050)
(46,899)
26,896 |
|
|
A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Net
movement
At 1.4.19
in funds
£
£
854,225
104,391
854,225
104,391 |
At
31.3.21
£
958,616 |
|
|
958,616 |
continued...
Page 12
Hillier Almshouses
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
12. MOVEMENT IN FUNDS - continued
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedin the
above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Incoming
Resources
Gains and
Movement
resources
expended
losses
in funds
£
£
£
£
399,672
(248,382)
(46,899)
104,391
399,672
(248,382)
(46,899)
104,391 |
|
|
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2021.
14. DESIGNATED FUNDS
WithinunrestrictedfundsisabalancewhichthetrusteesdeemtobeDesignatedfunds.The Designated
fundhasbeencreatedbytheTrusteestoillustratefundsreceivedfromdonationswhicharedesignated for
the entertainment of residents
Page 13
Hillier Almshouses
Detailed Statement of Financial Activities for the Year Ended 31 March 2021
Detailed Statement of Financial Activities
for the Year Ended 31 March 2021 |
|
|
|
31.3.21 |
31.3.20 |
|
£ |
£ |
INCOME AND ENDOWMENTS |
|
|
Investment income |
|
|
Deposit account interest |
99 |
553 |
Investment interest |
6,201 |
5,064 |
|
6,300 |
5,617 |
Charitable activities |
|
|
Rental Income |
191,007 |
199,013 |
Voids & notice periods |
- |
(3,726) |
Guest flat |
190 |
1,350 |
Gifts |
330 |
(409) |
|
191,527 |
196,228 |
Total incoming resources |
197,827 |
201,845 |
EXPENDITURE |
|
|
Charitable activities |
|
|
Warden & Cleaner |
23,580 |
25,807 |
Social security |
823 |
794 |
Insurance |
3,091 |
3,012 |
TV Licences |
254 |
250 |
Sundries |
208 |
1,085 |
Warden call |
2,242 |
2,111 |
Electricity |
8,617 |
8,479 |
Gas |
10,955 |
10,432 |
Water |
9,221 |
8,992 |
Cleaning |
856 |
488 |
Gardening |
3,192 |
1,491 |
Property Improvements |
- |
2,237 |
Maintenance charges |
29,342 |
30,031 |
Council tax |
(31) |
176 |
Depreciation of tangible fixed assets |
- |
1,553 |
|
92,350 |
96,938 |
Support costs |
|
|
Management |
|
|
Clerk & Finance officer |
23,014 |
22,337 |
Telephone |
1,776 |
2,040 |
Advertising |
- |
35 |
Independent Examiner fees |
1,920 |
1,932 |
Legal fees |
- |
1,680 |
Clerks expenses |
812 |
768 |
Subscriptions |
313 |
275 |
|
27,835 |
29,067 |
This page does not form part of the statutory financial statements
Page 14
Hillier Almshouses
Detailed Statement of Financial Activities
for the Year Ended 31 March 2021
Detailed Statement of Financial Activities
for the Year Ended 31 March 2021 |
|
|
|
31.3.21 |
31.3.20 |
|
£ |
£ |
Management |
|
|
Finance |
|
|
Bank charges |
1 |
- |
Loan Interest |
146 |
2,045 |
|
147 |
2,045 |
Total resources expended |
120,332 |
128,050 |
Net income |
77,495 |
73,795 |
This page does not form part of the statutory financial statements
Page 15