REGISTERED CHARITY NUMBER: 201218
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2022
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 2022
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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 |
12 |
Detailed Statement of Financial Activities |
13 |
to |
14 |
Hillier Almshouses
Report of the Trustees for the Year Ended 31 March 2022
Constitution
TheCharityisalsoknownasHilliersCharityRegno.201218andoperatesfromHillierHouse,Farnham Road,
Guildford GU2 7LT.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
TheCharity'sgoverningdocumentisaCharityCommissionSchemedated31stOctober1995(last amended
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
Mr Mark Ryan
Mrs Susan McKenzie
TheCharityhasappointedtheOfficialCustodianforCharitiesastheregisteredproprietorwiththe Land
Registry.
The Patron: The Right Honourable The Earl of Onslow.
ThetrusteesareaidedinrunningtheCharitybytheclerk/manager.Thefullboardoftrusteesmeets3 times
peryear.Thechairmanandclerk/managermeetonamonthlybasisandencourageatleastone other
trustee to join all of these meetings.
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 2022
Principal Activities for the Public Benefit
ThepurposeoftheCharity,foundedin1800,istoprovideaccommodationforpoorwomenof good
characterwhoarenotlessthan45yearsofageandmembersoftheChurchofEnglandorof some
congregationofProtestantDissentersorMethodists.TheCharityismanagedbytheBoardofTrustees which
employs a Clerk/Manager, a Finance Officer and a Non-Resident Warden.
TheCharityownsHillierHouse,builtin1970,whichprovidesshelteredaccommodationforolder women.
Currentlytheschemehasnine1-bedroomedflatsand20studioswhichareallself-contained.At the
beginningoftheaccountingyear,1April2021therewerenovoidsandattheendoftheperiod,31 March
2022 there were 2 voids..
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
During2021/22theCharityhadafullboardoftrustees,however,whenrequiredtodosotheBoardof Trustees
seeks to recruit new trustees to balance various skills required to manage the Charity.
Trustee Induction and Training
All newtrusteesarewelcomedintoHillierHouseandspendtimemeetingtheothertrustees,staffand residents
tounderstandtheoperationsoftheCharity.Trainingis,bynecessity,tailoredtoindividualneeds depending
ontheknowledgegapsandexperienceoftheindividualinvolvedandfulladvantageistakenofthe training
providedbytheAlmshouseAssociation.DuetotheCovid19pandemictheannualAlmshouse Association
seminar was cancelled.
Staff
The Charity continues to employ 3 members of staff and are committed to nurturing and training them.
Review of the Year and the Future
During2021/22,onceagain,thetrusteeshavecontinuedtheirobjectiveofprovidingahighstandard of
maintenance,happycommunityspirit,andsafeenvironmentforresidentswhilstcontinuingtoimprove and
modernisethebuildingandfacilities.ThetrusteesandstaffstrivetokeepHillierHouseasanattractive and
desirable place to live in a changing and competitive sheltered housing market.
ThisyearcontinuedtobechallengingduetotheCovid19pandemicwitha furtherlockdownfromthestart of
theyearuntilmid-April.However,graduallyasrestrictionsbegantoliftmoreactivitiestookplaceat Hillier
House.InAugust thetrusteesthrewa partyfortheresidentsand as itwassucha lovelyeveningitwasheld out
inthegardenensuringfullsocialdistancing.Othersocialevents,suchasbirthdaylunches,tea afternoons
recommenced.TheresidentsenjoyedtheirfirstChristmaslunchoutfortwoyearsandinFebruary2022 we
celebrated50yearsofthecurrentbuilding.An anniversarypartywasheldininthepresenceofLordand Lady
OnslowandtheLadyOnslowdowager,togetherwiththeMayorandherescort.Theannualtrusteeparty for
theresidentstookplacethesameevening.As withmostofoursocialactivitiesphotosarepostedtothe Hillier
House Facebook page for family and friends to keep in touch and enjoy.
During2021/2,theCharitycontinuedtocompleteallessentialmaintenanceworkandconstantlyensured all
healthandsafetyrequirementswereupheld.Fortunately,despiteCovid19restrictionstheundertakingof vital
inspectionsandcertificationssuchasgas,PAT testing,fireriskassessing,firesafetyequipmenttesting,etc. and
cruciallyimplementinganyshortcomingsorrecommendationscontinued.Workwascompletedin the
gardentoremovealargeflowerbedtotheeastofthegardenwhichwasreplacedwithturf,reducing the
maintenanceandupkeep.Furtherworkwasundertakeninthecarparktoproduceextraparking.It was
agreedthatanew,largeandwelcomingsignbeerectedonthecarparkwalltoreplacetherather dated
andfunctionalsignagethathadbeeninplaceforverymanyyears,thesignalsoimprovestheappearance of
thebuilding.Inthefirstquarterof2021thetrusteesagreedthefullupgradingoftheWardenEmergency Call
System,soduringtheyeartheexistingTunstallequipmentwasreplacedbyaDeltasystemwhichisbe fully
compatiblewiththeswitchfromanaloguetodigitalwhichisexpectedtohappenwithinthenext3years. We
were able to claim back the VAT on this expense.
Page 2
Hillier Almshouses
Report of the Trustees for the Year Ended 31 March 2022
A newwashingmachineandtumbledryerwaspurchasedduringtheyearreplacingthemachinesthat have
been in service for over 15 years. Repair of the old appliances were deemed unviable.
Thelinkcorridorhadanoverhaul,thefunctionalnoticeboardswereremovedandwerereplacedwitha smart
officialnoticeboardoutsidethewarden'soffice.Thecorridorwaspaintedinacolourtocompliment the
carpetandpictureswerehungtomaketheareaanattractivepartofthebuildingratherthanjust a
thoroughfare.
During2021/2the5-yearlyquinquennialreviewwascarriedout;afullsurveyofthebuilding,atwhich time
considerationcanbegiventofuturelong-termsustainableimprovements.Thefindingsofthereport dated
December2021willnowbeprioritisedwithimmediateessentialworkbeingundertakenandother remedial
workbeingcarriedoutonaplannedmaintenanceprogramme.The5-yearHardWiringTestwasalso carried
outwithsubsequentremedialworkduringMarchthebuildingwasfullcompliantwithcurrentlegislationby the
end of the financial year.
DuringMarch2022HillierHousesufferedamajorincident,amainswaterpipeburstintheloft.An emergency
planwasputintoactionwiththeFireServicebeingfirstonthesceneturningthewateroffat themains.All our
essentialcontractorswerecalledout,withthepipequicklybeingrepaired,withtheelectrics,alarms, etc
beingrestoredduringthecourseoftheday.Therewasextensiveflooding,andunfortunatelyFlat25 was
uninhabitable,however,theresidentconcernedwasrehousedintoavacantstudiountilsuchtimeas the
structuralworkhasbeenassessedandrectified.Alltheotheraccommodationwashabitablealbeit with
dampcarpetsandstainedceilingswhichweredriedoutwiththeuseofindustrialdehumidifiers.An insurance
claimhasbeenraisedwithallrelatedworksandservicesbeingincludedandacontractorbeingsought to
carryoutstructuralandcosmeticrepairwork.Thesituationwason-goingattheendofthefinancialyear. All
mainswaterpipestobeexaminedbyourplumber/heatingengineerwithaviewtoinstallingsensorsand an
emergency water cut off switch accessible to all in a public area.
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.
Weekly Maintenance Contributions
TheWMCisreviewedannuallywithanychangesbeingimplementedduringthefirstweekofAprilto coincide
with the start of the Charity's financial year.
Freehold Land and Buildings
Thetrusteesconsiderthatthemarketvalueoffreeholdlandandbuildingsisinexcessoftheamountshown in
thefinancialstatements,butastheseassetsareusedbytheCharitytofulfilitsprincipalactivityand no
disposals are envisaged, the excess is not quantified.
Reserves Policy
Thecharityaimstomaintainaliquidreserveincashandinvestmentsonthegeneralfundequivalentto at
leastsixmonths'managementandservicecosts.Theremainingbankreservesandcurrentasset investments
are allocated to improvement projects and to pay for any one-off unforeseen expenditure
Investment Policy
Underitsgoverningdeedthecharityisrequiredtoinvestmoniesnotneededforimmediateworking purposes.
Thetrusteesdeterminewhetherthisshouldbeinbankdepositsorlonger-terminvestmentsafter taking
appropriateadvice.A newwrittenInvestmentpolicywasformerlyadoptedduring2021basedonthe model
policy recommended by the Almshouse Association
Resident Involvement
Afullreviewoftheyear'sactivitiesisproducedandcirculatedtotheresidentsandstaffbywayofa regular
Chairman'snewsletter,invitingthemtotaketheopportunityofgivingfeedback.TheCharityalsohas a
Facebookpagewhichisregularlyupdatedwithphotosandeventswhichtheresident'sfamilyand friends
enjoy seeing and commenting on.
Statement of Trustees' Responsibilities
Legislationandgoodpracticerequirethetrusteestopreparefinancialstatementsforeachfinancial year,
whichgiveatrueandfairviewofthestateofaffairsoftheCharityandofthesurplusordeficitforthat period.
In preparing these financial statements the Charity is required to:
Page 3
Hillier Almshouses
Report of the Trustees
for the Year Ended 31 March 2022
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
-preparethefinancialstatementsonagoingconcernbasisunlessitisinappropriatetopresumethat the
Charity will continue to exist.
Thetrusteesareresponsibleforkeepingproperaccountingrecords,whichdisclosewithreasonable accuracy
atanytimethefinancialpositionofthecharityandenableittoensurethatthefinancialstatements comply
withtheCharitiesAct1993,Schedule1totheHousingAct1996andtheAccountingRequirements for
RegisteredSocialLandlordsGeneralDetermination2006asamended.Ithasgeneralresponsibilityfor taking
reasonablestepstosafeguardtheassetsoftheRegisteredSocialLandlordandtopreventanddetect fraud
and other irregularities.
The Charity has made a surplus for the year of £59,117.
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 2022.
Responsibilities and basis of report
As thecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsinaccordance with
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.Iconfirmthatnomaterialmattershavecometomyattention in
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 2022
Notes
INCOME AND ENDOWMENTS FROM
Charitable activities
Charitable Activities
Investment income
2
Total
EXPENDITURE ON
Charitable activities
Charitable Activities
Other
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD |
Unrestricted
funds
£
193,907
6,298
200,205
141,088
-
141,088
59,117
958,616
1,017,733 |
Restricted
fund
£
-
-
-
-
-
-
-
-
- |
31.3.22
31.3.21
Total
Total
funds
funds
£
£
193,907
191,527
6,298
6,300
200,205
197,827
141,088
92,497
-
27,835
141,088
120,332
59,117
77,495
958,616
881,121
1,017,733
958,616 |
|
|
|
|
The notes form part of these financial statements
Page 6
Hillier Almshouses
Balance Sheet
31 March 2022
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
£
814,167
8,430
191,657
158,300
358,387
(27,166)
331,221
1,145,388
(14,700)
(112,955)
1,017,733 |
Restricted
fund
£
-
-
-
-
-
-
-
-
-
-
- |
31.3.22
Total
funds
£
814,167
8,430
191,657
158,300
358,387
(27,166)
331,221
1,145,388
(14,700)
(112,955)
1,017,733
1,017,733
1,017,733 |
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 |
|
|
|
|
|
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 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingby Charities:
StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsin accordance
withtheFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS102) (effective
1January2019)',FinancialReportingStandard102'TheFinancialReportingStandardapplicablein the
UKandRepublicofIreland'andtheCharitiesAct2011.Thefinancialstatementshavebeen prepared
under the historical cost convention.
Income
All incomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlementto the
funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefitswill be
requiredinsettlementandtheamountoftheobligationcanbemeasuredreliably.Expenditure is
accountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregateall cost
relatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadingsthey have
been allocated to activities 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.
Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedforparticular restricted
purposes.
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
Housing properties
Thesearevaluedatcost.Depreciationisnotchargedintheseaccountsasduetoahigh property
residualvaluethechargefortheyearandtheaccumulateddepreciationareimmaterialon an
aggregate basis. The Board annually reviews the materiality of housing property depreciation.
Thecharityhas,overaperiodofyears,beenupgradingthebathroomsandkitchens.Dueto the
substantialimprovementinvolvedintheupgradingthecostsareincludedunderHousing Properties
andassuchnotdepreciatedduetoimmateriality.Ifanimprovedkitchenorbathroomis subsequently
replaced this will be written off to the Income and Expenditure account.
Cyclical Repairs
HilliersAlmshouseshasestablisheda regularprogrammeofcyclicalrepairsandmaintenance.Costs are
charged to the Revenue Account in the year in which they are incurred.
Maintenance Projects
Maintenanceprojectsunlessrepresentingimprovementstoproperties,arechargedtothe 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 2022
1. ACCOUNTING POLICIES - continued
Housing properties
Designated Reserves
These are reserves set aside by the Trustees for specific future purposes and projects.
2. INVESTMENT INCOME
INVESTMENT INCOME |
|
|
|
31.3.22 |
31.3.21 |
|
£ |
£ |
Deposit account interest |
98 |
99 |
Investment interest |
6,200 |
6,201 |
|
6,298 |
6,300 |
3. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31March2022norfor the
year ended 31 March 2021.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31March2022norfortheyear ended
31 March 2021.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
funds
£
INCOME AND ENDOWMENTS FROM
Charitable activities
Charitable Activities
191,527
Investment income
6,300
Total
197,827
EXPENDITURE ON
Charitable activities
Charitable Activities
92,497
Other
27,835
Total
120,332
NET INCOME
77,495
RECONCILIATION OF FUNDS
Total funds brought forward
881,121
TOTAL FUNDS CARRIED FORWARD
958,616 |
Restricted
fund
£
-
-
-
-
-
-
-
-
- |
Total
funds
£
191,527
6,300 |
|
|
197,827 |
|
|
92,497
27,835 |
|
|
120,332 |
|
|
77,495
881,121 |
|
|
958,616 |
continued...
Page 9
Hillier Almshouses
Notes to the Financial Statements - continued
for the Year Ended 31 March 2022
5. TANGIBLE FIXED ASSETS
TheHillierAlmshousesisbuiltuponapieceoflandwhichwasgiftedtotheTrusteesasjointtenants in
1879.Thetrusteesconsiderthatthemarketvalueofthefreeholdlandandbuildingsisinexcessof the
amountshowninthefinancialstatements,butastheseassetsareusedbythecharitytofulfil its
principalactivityandnodisposalsareenvisaged,theexcessisnotquantified.Intheyearto31 March
2020,anewguestroomandstudiowerecreatedbyconversionofapreviouslyunusedroomin the
freehold property.
6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
|
31.3.22 |
31.3.21 |
|
£ |
£ |
Prepayments and accrued income |
8,430 |
7,005 |
CURRENT ASSET INVESTMENTS |
|
|
|
31.3.22 |
31.3.21 |
|
£ |
£ |
Listed investments |
191,657 |
172,716 |
7. CURRENT ASSET INVESTMENTS
TheTrustdidnotsellanyinvestmentsintheyearunderreviewandcontinuestohold1,800Charity Multi
Asset Fund (formerly NAACIF) Accumulation Shares. (Base cost £66,300).
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
9.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
31.3.22 |
31.3.21 |
|
£ |
£ |
Bank loans and overdrafts (see note 10) |
7,350 |
7,350 |
Payments on account |
1,977 |
2,054 |
Other creditors |
17,839 |
8,467 |
|
27,166 |
17,871 |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
|
|
|
31.3.22 |
31.3.21 |
|
£ |
£ |
Bank loans (see note 10) |
14,700 |
22,050 |
Duringtheyearto31March2016,theTrustreceived£73,500(includinga5%administrationfee)by way
ofaninterestfree,unsecuredloanfromTheAlmshouseAssociation.Theloantermis10years, repayable
in 20 equal six-monthly instalments commencing in June 2015.
10. LOANS
An analysis of the maturity of loans is given below:
|
31.3.22 |
31.3.21 |
|
£ |
£ |
Amounts falling due within one year on demand: |
|
|
Bank loans |
7,350 |
7,350 |
Amounts falling between one and two years: |
|
|
Bank loans - 1-2 years |
14,700 |
14,700 |
Amounts falling due between two and five years: |
|
|
Bank loans - 2-5 years |
- |
7,350 |
continued...
Page 10
Hillier Almshouses
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
11. PROVISIONS FOR LIABILITIES
Investment revaluation reserve
MOVEMENT IN FUNDS
Unrestricted funds
General fund
TOTAL FUNDS |
31.3.22
31.3.21
£
£
112,955
106,416
Net
movement
At
At 1.4.21
in funds
31.3.22
£
£
£
958,616
59,117
1,017,733
958,616
59,117
1,017,733 |
|
|
12. MOVEMENT IN FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
200,205
(141,088)
59,117
200,205
(141,088)
59,117 |
|
|
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS |
Net
movement
At 1.4.20
in funds
£
£
881,121
77,495
881,121
77,495 |
At
31.3.21
£
958,616 |
|
|
958,616 |
Comparative 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 |
|
|
continued...
Page 11
Hillier Almshouses
Notes to the Financial Statements - continued for the Year Ended 31 March 2022
12. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Net
movement
At
At 1.4.20
in funds
31.3.22
£
£
£
881,121
136,612
1,017,733
881,121
136,612
1,017,733 |
|
|
A currentyear12monthsandprioryear12monthscombinednetmovementinfunds,includedin the
above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS |
Incoming
Resources
Movement
resources
expended
in funds
£
£
£
398,032
(261,420)
136,612
398,032
(261,420)
136,612 |
|
|
13. RELATED PARTY DISCLOSURES
Oneofthetrusteesprovidedcateringforin-housesocialeventsduringtheyearunderreviewto a
valueof£915(2021:£nil);apartfromthat,therewerenootherrelatedpartytransactionsforthe year
ended 31 March 2022 or the prior year.
14. DESIGNATED FUNDS
WithinunrestrictedfundsisabalancewhichthetrusteesdeemtobeDesignatedfunds;thebalance of
whichstoodat£1,662at31March2022(2021:£2,089).TheDesignatedfundhasbeencreatedby the
trusteestoillustratefundsreceivedfromdonationswhicharedesignatedforactivitiesfor the
entertainment of residents
Page 12
Hillier Almshouses
Detailed Statement of Financial Activities for the Year Ended 31 March 2022
31.3.22 31.3.21 £ £
INCOME AND ENDOWMENTS
Investment income
Deposit account interest
Investment interest
Charitable activities
Rental Income
Voids & notice periods
Guest flat
Resident fund income
Insurance claim proceeds
Donations
Total incoming resources
EXPENDITURE
Charitable activities
Warden
Social security
Insurance
TV Licences
Sundries
Warden call
Electricity
Gas
Water
Cleaning
Gardening
Maintenance charges
Council tax
Residents entertainment
Training costs
Depreciation of tangible fixed assets
Support costs
Management
Clerk & Finance officer
Telephone
Independent Examiner fees
Legal fees
Clerks expenses
Subscriptions |
98
6,200
6,298
204,086
(13,241)
235
(427)
3,154
100
193,907
200,205
23,960
843
3,208
332
163
2,205
9,824
12,012
9,633
1,361
5,480
36,497
671
1,311
534
2,516
110,550
23,388
2,185
2,100
1,638
877
350
30,538 |
99
6,201
6,300
191,007
-
190
330
-
-
191,527
197,827
23,580
823
3,091
254
208
2,242
8,617
10,955
9,221
856
3,192
29,342
(31)
-
-
-
92,350
23,014
1,776
1,920
-
812
313
27,835 |
|
|
|
This page does not form part of the statutory financial statements
Page 13
Hillier Almshouses
Detailed Statement of Financial Activities for the Year Ended 31 March 2022
Detailed Statement of Financial Activities
for the Year Ended 31 March 2022 |
|
|
|
31.3.22 |
31.3.21 |
|
£ |
£ |
Management |
|
|
Finance |
|
|
Bank charges |
- |
1 |
Loan Interest |
- |
146 |
|
- |
147 |
Total resources expended |
141,088 |
120,332 |
Net income |
59,117 |
77,495 |
This page does not form part of the statutory financial statements
Page 14