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|Key Stakeholder|Key Stakeholder||||Our
Understanding
of
Stakeholder's|Our
Understanding
of
Stakeholder's|Our
Understanding
of
Stakeholder's|
|---|---|---|---|---|---|---|---|
||||||Expectation|||
|Residents-|housing||||Safe, secure
home
maintenance|of s|vibrant|
||||||community,
responsive
repairs.|||
|Staff|||||Secure job in a supportive
environment.|||
|HE —Regulator/Investor|||Regulator for||Delivery to the Homes England/Regulator||of|
|for Social Housing|||||Social
Housing
standards
and|a
financially||
||||||stable organisation.|||
|Charity Commission||—regulator|||Delivery
of our
charitable
objectives,||is our|
||||||mission,
demonstration
of public|benefit|snd s|
||||||financially
stable organisation.|||
|Almshouse|Consortium||Ltd||Continually
deliver
remodelling|progrsmmes||
||||||funded
by Homes England
Grants.|||
|Larger Almshouse||Charity Network||Group|Provide an experienced
and professional||voice|
||||||on the management
ofAlmshouse|Charities.||
|Exeter City|Council|Ei Devon County Council|||Delivery
of
housing
support|that|is
in|
||||||accordance
with
local
strategies|and|meet|
||||||required
standards.|||
|Almshouse|Association||||Exeter
Homes
Trust
is
one
of|the|largest|
||||||Almshouse
charities
in
membership||of the|
||||||Almshouse
Association.|||
##
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##
||||~|4|~|
|---|---|---|---|---|---|
||2|1.5||41.33||
||5|4.4||32.50||
|74|3|2.4||30.83||
||3|2.3||28.69||
||10|9||27.77||
||4|5.7||25.96||
||5|2.4||25.83||
|102|5|4||25.50||
|80|4|3.2||25.00||
|61|3|3||20.33||
||3|2.5||19.60||
|160|10|9.1||17.58||
||7|5.3||11.69||
||11|11||11.83||
||3|2.8||9.61||
||8|8||8.25||
|70|18|10.5||6.66||
||12|10||8.30||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|Turnover|||Notes|2021f|2020f|
|---|---|---|---|---|---|
|||||804,749|663,927|
|Income from investmsnts||||380|890|
|Operating
costs||||(574,623)|(585,218)|
|Impairment
loss|||12|||
|Other income||||22,976|20,078|
|Operating
Surplus/(Deficit)||||253,482|99,677|
|Loss on disposal|offixed assets||12||(448,588)|
|Dividends
and interest receivable||||26,679|27,186|
|Interest payable||||(18,216)|(7,731)|
|Net gains/(losses)|on invsstmsnts||13|109,877|(13,659)|
|Comprehensive|income /(expenditure)|for year||371,822|(343,115)|
|||S)SN|S)SN|:Fi
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##
##
|||BALANCE|SHEETAT|31DECEMBE|R2021|||
|---|---|---|---|---|---|---|---|
||||Notes||2021f||2020f|
|RXEDASSETS||||||||
|Tangible Assets|||'l2||9,460,472||9,586,807|
|Investments|||13||1,109,580||1,023,687|
|TOTAL RXEDASSETS|||||10,570,052||10,610,494|
|CURRENT ASSETS||||||||
|Debtors|||14|23,661||31,495||
|Cash at bank snd in|hand||15|780,969||460,230||
|||||804,630||491,725||
|CREDITORS: amounts||falling due||||||
|within one year|||16|113,089||163,792||
|NET CURRENT ASSETS|||||691,541||327,933|
|TOTAL ASSETSLESS||||||||
|CURRENT UASIUTIES|||||11,261,593||10,938,427|
|CREDITORS: amounts||falling due after||||||
|more then one year|||17||1,881,118||1,929,774|
|NET ASSETS|||||9,380,475||9,008,653|
|THE FUNDS OFTHE|CHARITY|||||||
|Unrestricted
funds|-|General|20||2,037,958||1,681,074|
|Restricted funds|-|Endowment|20||7,342,517||7,327,579|
||||||9,380,475||9,008,653|
##
##
|||||2021|2020|
|---|---|---|---|---|---|
||||Notes||E|
|NET CASH FLOW FROM OPERATING|ACTIVITIES|||163,926|48,957|
|CASH FLOW FROM INVESllNG ACTIVITIES||||||
|Purchase oftangible fixed assets||||(84,531)|(1,645,960)|
|Purchase ofinvestments||||(345,931)|(159,103)|
|Proceeds from the sale of investments||||369,9170|1,015,983|
|Grants received||||210,000|210,000|
|Interest received||||136|5|
|Dividends
received||||26,543|27,181|
|NET CASH FLOW FROM INVESTING|ACTIVmES|||176,126|(551,894)|
|CASH FLOW FROM FINANCING
ACTIVITIES||||||
|Interest paid||||(18,216)|(7,731)|
|Repavment
of borrowing||||(1,097)|(2,146)|
|Cash inflows from new borrowings|||||700,000|
|NET CASH FLOW FROM FINANCING|ACTIVITIES|||(19,313)|690,123|
|CHANGE
IN CASH AND CASH EQUIVALENTS||IN THE||||
|REPORTING PERIOD||||320,739|187,186|
|CASH AND CASH EQUIVALENTS AT|THE BEGINNING|||||
|OFTHE REPORTING PERIOD||||460,230|273,044|
|TOTAL CASH AND CASH EQUIVALENTS ATTHE YEAR||||||
|END|||2|780,969|460,230|
##
##
##
##
|RECONCIUATION
OF CO
ACTIVITIES|MPR|EHENSIVE
INCOME TO NET|CASH FLOW FROM|OPERATING|
|---|---|---|---|---|
||||2021|2020|
||||8||
|CASH FLOWS FROM OPERATING ACTIVITIES|||||
|Surplus/(deficit)
forthe year|||371,822|(343,115)|
|Adjustments
for.|||||
|Depreciation
oftangible|fixed assets||210,865|202,091|
|(Increase)/decrease
in debtors|||7,834|(7,602)|
|Increase/(decrease)
in creditors|||(72,388)|(212,306)|
|Carrying
amount oftangible||fixed asset disposals||448,588|
|Government
grants utilissd||in the year|(235,874)|(32,903)|
|Interest payable|||18,216|7,731|
|Interest receivable|||(136)|(5)|
|Dividends|||(26,543)|(27,181)|
|Loss/(gain)
on investment|||(109,870)|13,659|
|NET CASH FLOW FROM|OPERATING ACTIVITIES||163,926|48,957|
|ANALYSLS OFCASH AND|CASH EQUIVALENTS||||
||||2021|2020|
|Cash held at bank|||204,005|183,733|
|Notice deposits (less than 3||months)|||
|Cash held in investmsnt|portfolio||46,823|26,492|
||||250,828|210,225|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|2.|TURNOVER|TURNOVER|||||||
|---|---|---|---|---|---|---|---|---|
||||||||2021f|2020
6|
||Almshouse||Accommodation|||Income|||
||Maintenance||contributions||||810,772|774,988|
||Less: Rent|losses from voids|||||(6,023)|(111,061)|
||||||||804,749|663,927|
||Income from investments||||||380|890|
|3.|OPERATING||SURPLUS/(DERCIT)||||||
||||||||2021|2020f|
||Operating|surplus/(deficit)|||is|stated after charging:|||
||Auditors'|remuneration:||In|their capacity as auditors||5,600|5,600|
|||||For financial advice &accountancy|||7,120|6,520|
||Trustees'|indemnity
insurance|||||329|329|
|4|DMDENDS||AND INTEREST RECEIVABLE||||||
||||||||2021|2020|
|||||||||E|
||Listed investments||||||26,543|27,181|
||Interest||||||136|5|
||||||||26,679|27,186|
##
##
##
##
|INTEREST|PAYABLE|||||
|---|---|---|---|---|---|
|||||2021f|2020f|
|On bank loans, overdrafts||and other loans:||||
|Repayable|wholly or pertly|in mors than|5years|19,085|23,720|
|Interest capitalised|||||(14,040)|
|Adjustment|for onerous loan discounting||(note 17)|(869)|(1,949)|
|||||18,216|7,731|
##
##
|the year wa|s:|
||
|---|---|---|---|
|||2021|2020|
|Basic salary||51,729|50,715|
|Employer's|NIC|5,920|5,792|
|Pension contributions||1,319|1,314|
|||58,968|57,821|
##
##
|||2021|2020|
|---|---|---|---|
|||No|No|
|Gardener||1|1|
|Manager and assistants||5|7|
|||2021f|2020f|
|STAFF COSTS (FOR|THE ABOVE PERSONS)|||
|Wages and salaries||134,423|119,452|
|Social security costs||6,882|6,882|
|Employers
pension|contributions|2,515|2,515|
|||143,820|128,849|
##
##
##
##
|2.
TANGIBLE ASSETS||||||
|---|---|---|---|---|---|
|||Housing|under|||
||Housingf|Constructionf||Equipmentf|Totalf|
|Cost||||||
|At 1 January 2021|11,057,670||224,638|16,262|11,298,570|
|Additions|||81,616|2,915|$4,531|
|Interest capitalised||||||
|Transfers||||||
|Dispossls||||||
|At 31 December 2021|11,057,670|306,254||19,177|11,383,101|
|Depreciation
and||||||
|Impairment||||||
|At 1 January 2021|1,696,410|||15,352|1,711,764|
|Charge for year|209,584|||1,281|210,865|
|Elimination
on disposal||||||
|At 31 December 2021|1,905,995|||16,634|1,922,629|
|Net BookValue||||||
|At 31 December 2021|9,151,675|306,254||2,543|9,460,472|
|At 31 December 2020|9,361,260|224,638|||9,586,807|
##
##
##
##
||Almshouse|Branch|Exeter Relief in Need|Exeter Relief in Need|Exeter Advancement
in Life|Exeter Advancement
in Life|
|---|---|---|---|---|---|---|
||2021
f|2020
f|2021
f|2020
f|2021
f|2020
f|
|8/forward|364,547|352,064|407,249|412,204|251,892|254,958|
|Additions
at cost|25,885|65,952|197,740|57,553|122,306|35,598|
|Disposals at value|(27,190)|(61,191)|(211,749)|(67,533)|(130,970)|(41,771)|
|Revaluation|||||||
|surplus/(deflcitl|37r(11|7,722|44,707|5,024|27,652|3,107|
|Carried forward|400,753|364,547|437rt47|407,248|270,880|251,892|
##
|||||NOTES TO THE ACCOUNTS|||
|---|---|---|---|---|---|---|
|||||AT31DECEMBER 2021|||
|14.|DEBTORS||||||
||||||2021f|2020
6|
||Maintenance|contributions||in arrears|12,514|15,411|
||Other debtors|and prepayments|||11,147|16,084|
||Grants receivable||||||
||||||23,661|31,495|
|15.|CASH AT BANK AND IN HAND||||||
||||||2021f|2020f|
||Lloyds Bank —Trustees' account||||734,146|433,738|
||Brewin Dolphin dealing account||||46,823|26,492|
||||||780,969|460,230|
|16.|CREDITORS:|Amounts|falling due within one year||||
||||||2021|2020|
||||||E|E|
||Trade creditors||||25,799|9,748|
||Other taxes and social||security costs||3,231|2,725|
||Accruals||||37,758|123,194|
||Social house|grant- current (nots 18)|||22,976|20,078|
||Maintenance|contdbutions||in advance|1,640|8,047|
||Bankloan||||21,685||
||||||113,089|163,792|
|17.|CREDITORS:|Amounts|falling due after more then one year||||
||||||2021f|2020f|
||Social Housing
Grant (note 18)||||1,144,494|1,170,368|
||Mortgage||||58,309|59,406|
||Bank loan (note 19)||||678,315|700,000|
||||||1,881,118|1,929,774|
##
##
##
##
##
##
|DEFERRED CAPITAL G|RANTS|||
|---|---|---|---|
|||2021f|2020f|
|Capital grants b/forward||1,190,446|1,000,524|
|Capital grants received|in the year||210,000|
|Released to income in|ths year|(22,976)|(20,078)|
|HCA Grant c/forward||1,167,470|1,190,446|
|||2021f|2020f|
|Amount to be released|within one year|22,976|20,078|
|Amount to be released|in more than ons year|1,144,494|1,170,368|
|||1,167,470|1,190,446|
##
##
||||2021|2020f|
|---|---|---|---|---|
|Amount|due|within one year|21,685||
|Amount|dus|within two to five year|86,740|95,664|
|Amount|due|in more than five years|591,575|604,336|
||||700,000|700,000|
##
##
##
##
|UMMARY STATEMENT OF|UMMARY STATEMENT OF|MOVEMENTS|ON FUNDS|||
|---|---|---|---|---|---|
|2021 MOVEMENTS||||Exeter||
|||Almshouse|Exeter Relief|Advancement||
|||Branch|in Need|in Ufe|Total|
||||6|6|6|
|Restricted Funds - Endowment||||||
|Reserves||6,590,369|4,449,162|288,050|7,327,581|
|Income||22,976|||22,976|
|Expenditure||(227,800)|||(227,800)|
|Gains/(losses)||37,518|44,707|27,652|109,877|
|Transfers||||||
|Reserves carried fonvard||6,423,063|493,869|315,702|7,342,517|
|Unrestricted|Funds|||||
|Reserves||'j,676,883|2,373|1,816|1,881,072|
|Income||815,146|10,295|6,367|831,808|
|Expenditure||(351,811)|(8,189)|(5,039)|(365,039)|
|Gains/(losses)||||||
|Transfers||||||
|Carried forward||2,140,218|4,479|3,144|2,147,841|
|TOTAL FUNDS||8.563,281|498,348|318,846|9,380,475|
##
##
##
|SUMMARY STATEMENT OF|SUMMARY STATEMENT OF|MOVEMENTS|ON FUNDS (co|ntinued)||
|---|---|---|---|---|---|
|2020 MOVEMENTS||||Exeter||
|||Almshouse|Exeter Relief|Advancement||
|||Sranchf|in Needf|in Ufef|Totalf|
|Restricted Funds - Endowment||||||
|At 1 January|2020|7,249,939|444,139||7,979,018|
|Income||20,078|||20,078|
|Expenditure||(657,858)|||(657,858)|
|Gains/(losses)
Transfers||(21,790)|5,024|3,107|(13,659)|
|At 31December 2020
Unrestricted||6,590,369|449,163|288,047|7,327,579|
||Funds|||||
|At 1 January|2020|1,369,559|1,464|1,727|1,372,750|
|Income||673,182|11,824|6,997|692,003|
|Expenditure||(365,855)|(10,915)|(6,909)|(383,679)|
|Gains/(losses)||||||
|Transfers||||||
|At 31December 2020||1,676,886|2373|1,815|1,681,074|
|TOTAL FUNDS||8,267,255|451,536|289,862|9,008,653|
##
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|||||2021f|2020f|
|---|---|---|---|---|---|
|Extraordinary||Repair|Fund|100,000|100,000|
|Cyclical|Repair|Fund||50,000|50,000|
|General|Fund|||543486|255,742|
|||||693,886|405,742|
##