```
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`**
|||**`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`|`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
```