```
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`**
|||**`Page`**||
|---|---|---|---|
|**`Report of the Trustees`**|`1`|`to`|`4`|
|**`Independent Examiner's Report`**||`5`||
|**`Statement of Financial Activities`**||`6`||
|**`Balance Sheet`**||`7`||
|**`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:
```
- `select suitable accounting policies and then apply them consistently;`
- `make judgements and estimates that are reasonable and prudent;`
```
-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
```