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||||Page|
|---|---|---|---|
||Contents||**1**|
||Trustees'Report|||
||||2-7|
||Trustees'Statementson Internal Controls and|||
||Responsibilityfor the Accounts|||
||||8|
|,|Auditors' Report|||
||||9-10|
||StatementofFinancialActivities|||
||||I I|
||BalanceSheet|||
||||12|
||CashFlowStatement(withNotes)|||
||||13|
||Notes to theFinancialStatements|||
||AccountingPolicies|(Notel)|14-16|
||Income and Expenditure|(Notes 2 - 7 )|17-20|
||FixedAssets|(Notes 8-10)|21-23|
||CurrentAssets|(Notes 11-13)|23-24|
||LongTermCreditors|(Note 14)|24|
||Provisions|(Note 15)|24|
||CapitalFunds|(Notes 16-17)|25|
||RestrictedFunds|(Note 18)|26-28|
||UnrestrictedFunds|(Note 19)|29|
||AnalysisofNet Assets between Funds|(Note 20)|30|
||CapitalCommitments|(Note 21)|30|
||COVID-19Pandemicnote|(Note 22)|31|
||ComparativeStatementofFinancialActivities|(Note 21)|32|
||forthe yearended31December 2019|||





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|**ppointed Professional**|**Advisers**|
|---|---|
|Solicitors|Trethowans, London Road Office Park, London Road, Salisbury SPl 3HP|
||Sampson Coward, 51 New Street, Salisbury SPl 2PH|
|Auditors/Accountants|Fletcher & Partners, Crown Chambers, Bridge Street, Salisbury SPl 2LZ|
|Bankers|LloydsBank pic, 38BlueBoar Row, Salisbury SPl IDB|
|Investment Managers|CCLAInvestmentManagementLtd,Senator House, 85 QueenVictoriaStreet,|
||LondonEC4V4ET|
||M&GSecurities Ltd, POB 9038, Chelmsford CM992XF|
||Vanguard AssetManagementLtd,25 Walbrook, LondonEC4N8AF|
||Quilter CheviotLtd,London Rd Office Park, Salisbury SPl 3HP|





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|**i)**|the information given in thefinancialstatementsis inconsistent in any material respectwith**the**|
|---|---|
||Trustees'Report; or|
|**ii)**|sufficient accounting records have not been kept; or|
|**iii)**|thefinancialstatementsare not in agreementwiththe accounting records; or|
|**iv)**|we have not receivedallthe information and explanations we require for our audit.|



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|||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|
||Note|Funds|Funds|Funds|2020|2019|
|**INCOME FROM**|||||||
|**Charitable Activities**|||||||
|**Turnover**|||||||
|Residents' contributions|2|867,915|474,319||1,342,234|1,333,117|
|Housing Related Support|2|68,775|3,215|**-**|71,990|73,943|
|Governmentgrantincome|2|67,291|||67,291|67,291|
|||1,003,981|477,534|**-**|1,481,515|1,474,351|
|Surplus on disposal||**-**|**-**|**-**|**-**|**-**|
|**Donations and legacies**||1,835|**-**|**-**|1,835|27,684|
|**Investments**|**3**|235,237|87,279|**526**|323,042|387,011|
|**Other income**||20,281|1,351|**-**|21,632|50,875|
|Totalincome||1,261,334|566,164|526|1,828,024|1,939,921|
|**EXPENDITURE ON**|||||||
|**Raising Funds**|||||||
|Investment costs|4|19,058||9,152|28,210|24,357|
|**Charitable Activities**|||||||
|Almshouse operating costs|2|880,854|360,294|17,189|1,258,337|1,208,786|
|Almshousemanagement|2|280,038|42,731||322,769|318,023|
|Interest|5|15,125|||15,125|15,227|
|||1,176,017|403,025|17,189|1,596,231|1,542,036|
|Welfare**grants**|7|28,317|||28,317|22,378|
|||1,204,334|403,025|17,189|1,624,548|1,564,414|
|Totalexpenditure||1,223,392|403,025|26,341|1,652,758|1,588,771|
|**Net income/(expenditure) before  **|**gains**|37,942|163,139|(25,815)|175,266|351,150|
|**OTHER GAINS AND LOSSES**|||||||
|**Realised gains/(Iosses) on disposal:**|||||||
|Investments||(32,504)||(1,737)|(34,241)|295,183|
|**Unrealised gains/(Iosses) on revaluation:**|||||||
|Investments||322,848|(57,654)|(71,080)|194,114|1,523,481|
|Investmentproperties||||(180,000)|(180,000)|(50,000)|
|Pension schemeliability||||||11,508|
|**Net income/expenditure**||328,286|105,485|(278,632)|155,139|2,131,322|
|Transfersbetween funds|18|(41,180)|39,910|1,270|||
|**Net movement in funds**||287,106|145,395|(277,362)|155,139|2,131,322|
|Fundbalances at 25 December 2019||7,134,498|5,889,677|7,608,817|20,632,992|18,501,670|
|**Fund balances at 31 December 2020**||£7,421,604|£6,035,072|£7,331,455|£20,788,131|£20,632,992|





## 

||Note|Note|2020|2019|
|---|---|---|---|---|
|**FIXED ASSETS**|||||
|**Assets treated as held on endowment**|||||
|Almshouseproperties||**8a**|6,863,691|6,935,334|
|Offices||**8b**|26,077|26,976|
|Investmentproperties||**8c**|1,400,000|1,580,000|
|Investments heldonendowment||8d|5,195,504|5,284,591|
||||13,485,272|13,826,901|
|**Assets purchased from income**|||||
|Investments recouped||9|85,706|76,791|
|Equipment, furniture.|||||
|fixturesandfittings||**10**|38,048|31,618|
|**Total fixed assets**|||13,609,026|13,935,310|
|**CURRENT ASSETS**|||||
|Debtors||**11**|47,264|47,212|
|Investments||**12**|7,440,676|7,051,333|
|Cashatbank and in hand|||2,097,154|2,006,890|
||||9,585,094|9,105,435|
|**CREDITORS: Amounts falling due**|||||
|**within one year**||13|279,777|207,839|
|**Net current assets**|||9,305,317|8,897,596|
|**Total assets less current liabilities**|||£22,914,343|£22,832,906|
|**CREDITORS: Amounts falling due**|||||
|**after more than one year**||14|2,099,836|2,168,289|
|**PROVISIONS FOR LIABILITIES**|||||
|**AND CHARGES**||15|26,376|31,625|
||||£20,788,131|£20,632,992|
|**CAPITAL AND RESERVES**|||||
|**Capital**|||||
|Endowment||16|7,245,749|7,532,026|
|Endowment recouped|9&|17|85,706|76,791|
||||7,331,455|7,608,817|
|**Reserves**|||||
|Restrictedfunds||**18**|6,035,072|5,889,677|
|Unrestrictedfunds||**19**|7,421,604|7,134,498|
||||£20,788,131|£20,632,992|





|||2020|2019|
|---|---|---|---|
|**CASH FLOWS FROM OPERATING ACTIVITIES**||||
|Net cash provided by (used in) operating activities|(1)|34,860|103,113|
|**CASH FLOWS FROM INVESTING ACTIVITIES**||||
|Dividend,interest andrentsfrom investments||249,618|393,608|
|Purchase/improvement of housing property||(85,775)|(613,630)|
|Purchase ofotherfixedassets||(17,412)|(24,706)|
|Proceeds from the sale of housing property||||
|Purchase of investments||(1,094,064)|(2,030,006)|
|Proceeds from the sale of investments||749,929|2,596,438|
|**Net**cash provided by (used**in)**investing**activities**||**(197,704)**|321,704|
|**CASH FLOWS FROM FINANCING ACTIVITIES**||||
|Interest paid||(15,125)|(15,227)|
|Housing Loans repaid||(1,048)|(945)|
|Net cash provided by (used in) financingactivifies||(16,173)|(16,172)|
|**Change in cash and cash equivalents in the**||||
|**reporting period**||**(£179,017)**|£408,645|
|**Cash and cash equivalents at the beginning of the**||||
|**reporting period**||£2,382,284|£1,973,639|
|**Cash and cash equivalents at the end of the**||||
|**reporting period**|**(2)**|£2,203,267|£2,382,284|
|**NOTES**||||
|**1. Reconciliation of net income/(expenditure) to net cash flow from operating activities**||||
|||2020|2019|
|Net income/(expenditure) for the reporting period (as per||||
|thestatementoffinancialactivities)||155,139|2,131,322|
|Adjustments for:||||
|Depreciation charges||215,946|207,938|
|(Gains)/losseson investments||20,127|(1,768,664)|
|Dividend,interest andrentsfrom investments||(323,042)|(387,011)|
|Interest paid||15,125|15,227|
|(Increase)/decrease indebtors||(1,072)|(3,504)|
|lncrease/(decrease) in creditors||(42,114)|(74,528)|
|lncrease/(decrease) in provisions||(5,249)|(17,667)|
|Net cash provided by (used in) operating activities||£34,860|£103,113|
|**2. Analysis of cash and cash equivalents**||||
|||Balance|Balance|
|||31.12.20|31.12.19|
|Cashat bank and in hand||2,097,154|2,006,890|
|Cashheld in investment portfolio||106,113|375,394|
|||£2,203,267|£2,382,284|





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|**a.**|**Turnover and Operating Costs from Almshouses**|**Turnover and Operating Costs from Almshouses**||||
|---|---|---|---|---|---|
|||General|Supported|2020|2019|
|||Needs|Housing|Total|Total|
|**Turnover**||||||
||Residents' contributions receivable:|||||
||Maintenance|137,721|981,444|1,119,165|1,099,501|
||Lessvoids|**-**|(24,578)|(24,578)|(5,945)|
||Servicecharges (not eligible for housing benefit):|||||
||Heating and hot water|**-**|133,091|133,091|133,026|
||Catering|**-**|99,736|99,736|89,029|
||Electricity|**-**|18,606|18,606|18,666|
||Lessvoids||(3,786)|(3,786)|(1,160)|
||Housing Related Support|**-**|71,990|71,990|73,943|
||Amortisedgovernmentgrants|**-**|67,291|67,291|67,291|
|||137,721|1,343,794|1,481,515|1,474,351|
|**Operating expenditure**||||||
||Services:Heating and hot water|**-**|75,215|75,215|68,271|
||Services:Catering|**-**|81,450|81,450|74,360|
||Electricity(for communal areas) and water|**189**|78,888|79,077|80,277|
||Wardens, cleaners andgardeners|**-**|399,731|399,731|411,282|
||SpeechCallAlarmsystems|**-**|26,634|26,634|28,897|
||Routine maintenance|9,890|106,106|115,996|110,898|
||Cyclicalmaintenance|25,757|144,159|169,916|100,061|
||Majorrepairs and improvements|4,272|92,084|96,356|126,137|
||Buildingdepreciation|39,426|164,647|204,073|200,864|
||Baddebts|**-**|1,227|1,227|**-**|
||Other costs|310|8,352|8,662|7,739|
|||79,844|1,178,493|1,258,337|1,208,786|
||Management and administration (Note 2b)|22,894|299,875|322,769|318,023|
|||102,738|1,478,368|1,581,106|1,526,809|
|Operating surplus(deficit)||£34,983|(£134,574)|(£99,591)|(£52,458)|



## 

||Manaeement|Governance|2020|2019|
|---|---|---|---|---|
|Staffcosts|217,368|11,440|228,808|224,635|
|Officeexpenses|29,965|1,577|31,542|26,673|
|Stafftraining and recruitment|3,605|**-**|3,605|3,085|
|Auditors'remuneration (Note 7)|1,490|11,008|12,498|15,808|
|Legaland professional fees|2,000|1,080|3,080|4,387|
|Insurance|39,566|**-**|39,566|39,785|
|National Association of Almshouses costs|3,670|**-**|3,670|3,650|
||£297,664|£25,105|£322,769|£318,023|





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||**_General_**|**_Supported_**|**_2019_**|
|---|---|---|---|
||**_Needs_**|**_Housing_**|**_Total_**|
|**_Turnover_**||||
|**_Residents' contributions receivable:_**||||
|**_Maintenance_**|**_129.609_**|**_969.892_**|**_1.099.501_**|
|**_Less voids_**|**_(480)_**|**_(5.465)_**|**_(5.945)_**|
|**_Service charges (not eligible for housing benefit):_**||||
|**_Heating and hot water_**|**_-_**|**_133,026_**|**_133.026_**|
|**_Catering_**|**_-_**|**_89.029_**|**_89.029_**|
|**_Electricity_**|**_-_**|**_18.666_**|**_18.666_**|
|**_Less voids_**||**_(1.160)_**|**_(1.160)_**|
|**_Housing Related Support_**|**_-_**|**_73.943_**|**_73,943_**|
|**_Amortised government grants_**|**_-_**|**_67.291_**|**_67.291_**|
||**_129.129_**|**_1.345,222_**|**_1.474.351_**|
|**_Operating expenditure_**||||
|**_Services: Heating and hot water_**|**_-_**|**_68.271_**|**_68,271_**|
|**_Services: Catering_**|**_-_**|**_74,360_**|**_74,360_**|
|**_Electricity (for communal areas) and water_**|**_287_**|**_79.990_**|**_80,277_**|
|**_Wardens, cleaners and gardeners_**|**_-_**|**_411,282_**|**_411,282_**|
|**_Speech Call Alarm systems_**|**_-_**|**_28.897_**|**_28,897_**|
|**_Routine maintenance_**|**_6.190_**|**_104,708_**|**_110,898_**|
|**_Cyclical maintenance_**|**_6.824_**|**_93.237_**|**_100,061_**|
|**_Major repairs and improvements_**|**_4.406_**|**_121,731_**|**_126137_**|
|**_Building depreciation_**|**_39.427_**|**_161.437_**|**_200,864_**|
|**_Other costs_**|**_35_**|**_7,704_**|**_7.739_**|
||**_57.169_**|**_1.151.617_**|**_1,208,786_**|
|**_Management and administration (Note 2b)_**|**_23,488_**|**_294,535_**|**_318.023_**|
||**_80.657_**|**_1.446.152_**|**_1,526.809_**|
|**_Operating surplus(deflcit)_**|**_£48.472_**|**_(£100,930)_**|**_(£52.458)_**|



## 

|||**_Management  _**|**_Governance_**|**_2019_**|
|---|---|---|---|---|
|**_Staff costs_**|**_K_**|**_213.403_**|**_11.232_**|**_224.635_**|
|**_Office expenses_**||**_25,339_**|**_1,334_**|**_26.673_**|
|**_Staff training and recruitment_**||**_3.085_**|**_-_**|**_3,085_**|
|**_Auditors' remuneration (Note 7)_**||**_4,800_**|**_11,008_**|**_15,808_**|
|**_Legal and professional fees_**||**_3.307_**|**_1,080_**|**_4,387_**|
|**_Insurance_**||**_39,785_**|**_-_**|**_39,785_**|
|**_National Association of Almshouses  _**|**_costs_**|**_3.650_**|**_-_**|**_3,650_**|
|||**_£293,369_**|**_£24.654_**|**_£318,023_**|





## 

|**3. **|**INVESTMENT INCOME**|||
|---|---|---|---|
|||2020|2019|
||Rents receivable from investmentproperties|66,879|100,435|
||Income from endowedassetinvestments|137,537|180,663|
||Income from currentassetlisted investments|39,963|23,254|
||Accumulated income on currentassetlisted investments|73,717|71,569|
||Other interest|4,946|11,090|
|||£323,042|£387,011|
|**4. **|**RAISING FUNDS**|||
|||2020|2019|
||Investmentmanagementfees|15,729|21,245|
||Investment property expenditure|12,481|3,112|
|||£28,210|£24,357|
|**5. **|**INTEREST PAYABLE**|||
|||2020|2019|
||Interest on Housing Loans (partly repayable in more thanfiveyears)|£15,125|£15,227|



## 

|**a.**|**Employee Numbers**|2020|||2019|
|---|---|---|---|---|---|
|||Fulltime|Part time|Fullfime|<br>Part time|
||Officestaff|4|1|**4**|<br>**1**|
||Almshouse staff-wardens, cleaners, cooks|7|20|**7**|<br>**19**|
||BuildingsMaintenance Officer|1||**1**||
|||12|**21**|**12**|<br>20|
||Totalfull-time equivalent|22||**22**||
|**b.**|**Staff Costs**||2020||2019|
||Salaries||608,359||581,667|
||Socialsecurity costs||46,681||44,648|
||Pension costs||28,008||26,925|
||||£683,048||£653,240|



## 



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|**SURPLUS ON ORDINARY ACTIVITIES**<br>Thisis stated after charging:|||
|---|---|---|
||2020|2019|
|Depreciafionofalmshouse and office buildings|£204,964|£201,753|
|Depreciationofothertangiblefixedassets|£10,982|£6,185|
|WelfareGrants:|||
|Toindividuals|25,076|19,416|
|TootherCharities in the Salisbury area:|||
|Elderly||1,462|
|Vulnerableand homeless|3,241|1,500|
||£28,317|£22,378|
|Auditors'remuneration:|||
|Intheir capacity as auditors|11,058|11,008|
|Fortaxation andotherservices|1,440|4,800|
||£12,498|£15,808|
|Andafter crediting:|||
|Grants received fromWilliamBofieyCharity|£9,031|£7,404|
|Management fees charged to|||
|WilliamBotley Charity|£450|£540|
|SalisburyCityEducational and Apprenticing Charity|£180|£300|





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## 

|**Housing Properties**||||||
|---|---|---|---|---|---|
|||MrsSarah|Buchanan|StMary||
|||Hayter's|Housing|Magdalen's||
||General|Charity|Charity|Hospital|Total|
|**Cost**||||||
|AtI January 2020|6,864,167|957,000|1,971,329|451,048|10,243,544|
|Additions|43,278|||89,144|132,422|
|Disposals||||||
|At31December 2020|6,907,445|957,000|1,971,329|540,192|10,375,966|
|**Depreciation**||||||
|At1January 2020|2,493,191|363,653|434,566|16,800|3,308,210|
|Charge for the year|137,098|19,140|39,427|8,400|204,065|
|Disposals||||||
|At31December 2020|2,630,289|382,793|473,993|25,200|3,512,275|
|**Net book value**||||||
|At31December 2020|£4,277,156|£574,207|£1,497,336|£514,992|£6,863,691|
|AtIJanuary 2020|£4,370,976|£593,347|£1,536,763|£434,248|£6,935,334|



## 

|**31 **|**December 2020**||||||||
|---|---|---|---|---|---|---|---|---|
||Sheltered housing|**178**||**11**|-|-||189|
||Wardens'houses|**6**|-||-|-||6|
||Generalneedshousing|-|-||24||6|30|
|||184||11|24||6|225|
|**31**|**December 2019**||||||||
||Sheltered housing|**178**||**11**|**-**|-||189|
||Wardens'houses||.||.|.||6|
||Generalneedshousing|-|-||24||6|30|
|||184||11|24||6|225|



## 

|**Offices - Freehold Land and Buildings**||
|---|---|
||lotal|
|**Cost**||
|At1January 2020 and31December 2020|44,960|
|**Depreciation**||
|At1January 2020|17,984|
|Charge for the year|899|
|At31December 2020|18,883|
|**Net book value**||
|At31December 2020|£26,077|
|At1January 2020|£26,976|





## 

## 

||Three|Two||
|---|---|---|---|
||Shops|Houses|Total|
|Valuationas at1January 2020|1,060,000|520,000|1,580,000|
|Unrealisedgains/(losses) on revaluation|(205,000)|25,000|(180,000)|
|Valuationas at31December 2020|£855,000|£545,000|£1,400,000|



## 

|**d.**<br>**Fixed Asset Investments**|||||
|---|---|---|---|---|
|||Blechynden|||
||General|andBrown|MrsSarah||
||Endowment|Almshouse|Hayter's||
||Fund|Charity|Charity|Total|
|Market value at I January 2020|5,273,128|8,872|2,591|5,284,591|
|Additions|495,092|**-**|**-**|495,092|
|Disposals|(496,828)|<br>**-**|**-**|(496,828)|
|Investment income accumulated|526|**-**|**-**|526|
|Investmentmanagementfees|(9,152)|<br>**-**|**-**|(9,152)|
|Unrealisedgains/(losses) on revaluation|(79,462)|<br>570|167|(78,725)|
|Market value at31December 2020|£5,183,304|£9,442|£2,758|£5,195,504|
|Historiccost:<br>At31December 2020|£3,858,395|£6,198|£1,622|£3,866,215|
|At31December 2019|£3,654,018|£6,198|£1,622|£3,661,838|
|**The**market value at31December 2020 wasmadeup as||follows:|||
|Charitable common investment funds|1,992,477|9,442|2,758|2,004,677|
|Listedinvestments:|||||
|UKfixedinterest|234,461|**-**|**-**|234,461|
|UKequities|2,933,298|**-**|**-**|2,933,298|
|**Cash**|23,068|**-**|**-**|23,068|
||£5,183,304|£9,442|£2,758|£5,195,504|
|**ENDOWMENTS RECOUPED**<br>**^**||Blechynden|||
|**Investments held in Charitable**||andBrown|MrsSarah||
|**Common Investment Funds**||Almshouse|Hayter's||
|||Charity|Charity|Total|
|Market value at1January 2020||21,341|55,450|76,791|
|Capitalrecouped (Note 17)||70|1,200|1,270|
|Unrealisedgains/(losses) on revaluation||2,101|5,544|7,645|
|Market value at31December 2020||£23,512|£62,194|£85,706|
|Historiccost:<br>At31December 2020||£12,453|£24,169|£36,622|
|At31December 2019||£12,383|£22,969|£35,352|





## 

## 

|**OTHER FIXED ASSETS**<br>**Equipment, Furniture, Fixtures and Fittings**||||
|---|---|---|---|
||Almshouses|Offices|Total|
|**Cost**||||
|Asat1January 2020|179,748|55,024|234,772|
|Additions|13,793|3,619|17,412|
|Disposals|**-**|**-**|**-**|
|Asat31December 2020|193,541|58,643|252,184|
|**Depreciation**||||
|Asat1January 2020|163,314|39,840|203,154|
|Charge for the year|6,810|4,172|10,982|
|Disposals|**-**|**-**|-|
|Asat31December 2020|170,124|44,012|214,136|
|**Net Book Value**||||
|At31December 2020|£23,417|£14,631|£38,048|
|At1January 2020|£16,434|£15,184|£31,618|



|**DEBTORS**|2020|2019|
|---|---|---|
|Residents' contributions in**arrears**|4,134|4,300|
|Otherdebtors|5,462|8,003|
|Prepayments|37,668|34,909|
||£47,264|£47,212|



|**12.**|**CURRENT ASSET INVESTMENTS**||||||
|---|---|---|---|---|---|---|
|||Buchanan|StMary|General|Extraordinary||
|||Housing|Magdalen's|Unrestricted|Repair||
|||Charity|Hospital|Fund|Fund|Total|
||Market value at1January 2020|275,937|551,151|4,391,655|1,832,590|7,051,333|
||Additions|62,152|**-**|535,550|**-**|597,702|
||Disposals|**-**|**-**|(358,411)|**-**|(358,411)|
||Income accumulated|**-**|**-**|2,632|71,286|73,918|
||Investmentmanagement**fees**|**-**|**-**|(7,288)|**-**|(7,288)|
||Othermovementin cash|**-**|**-**|(181,772)|**-**|(181,772)|
||Unrealisedgains/(losses)|32,353|39,598|322,848|(129,605)|265,194|
||Market value at 31 December 2020|£370,442|£590,749|£4,705,214|£1,774,271|£7,440,676|
||Historiccost:||||||
||At31December 2020|£171,920|£488,312|£4,477,858|£1,405,776|£6,543,866|
||At31December 2019|£109,768|£488,312|£4,435,403|£1,334,490|£6,367,973|
||Themarket value at31December 2020|wasmadeupasfollows:|||||
||Common Investment Funds|370,442|590,749|2,588,694|1,774,271|5,324,156|
||Listedinvestments:||||||
||Equities|**-**||1,576,996||1,576,996|
||Fixedinterest|||456,479||456,479|
||Cash|**-**|**-**|83,045|**-**|83,045|
|||£370,442|£590,749|£4,705,214|£1,774,271|£7,440,676|





## 

|**CREDITORS: Amounts falling due within one year**|||
|---|---|---|
||2020|2019|
|Housing loans|1,162|1,048|
|Residents' contributions received in**advance**|4,605|4,866|
|Rents received in advance|16,670|7,207|
|Other creditors|80,811|75,533|
|Deferredincome - Governmentgrants|67,291|67,291|
|Accruals|109,238|51,894|
||£279,777|£207,839|



## 

|**CREDITORS: Amounts falling due after more than one year**|||
|---|---|---|
||2020|2019|
|Housing loans for:|||
|Gloucester House (interestrate11.375%)|75,885|76,555|
|TrinityHospital (interestrate9.5%)|66,166|66,658|
|Deferredincome - Governmentgrants|1,957,785|2,025,076|
||£2,099,836|£2,168,289|



|Theloans are secured on the respective developments and havefixedratesof interest.Theyare repayable, by|Theloans are secured on the respective developments and havefixedratesof interest.Theyare repayable, by|Theloans are secured on the respective developments and havefixedratesof interest.Theyare repayable, by|
|---|---|---|
|half-yearlyinstalments, over 60 yearsuntil2044 (Gloucester House)|and 2049(TrinityHospital).||
|Thetotalamountrepayable after more thanfiveyears was|£137,750|£137,750|
|**Deferred income**|2020|2019|
|Brought forward at1January 2020|2,092,366|2,159,657|
|Released in the year|(67,291)|(67,291)|
|Deferredin the year|-|**-**|
|Carriedforward at 31 December 2020|£2,025,075|£2,092,366|
|**PROVISIONS FOR LIABILITIES AND CHARGES**|2020|2019|
|Brought forward pensionliabilityat1January 2020|31,625|49,292|
|Unwindingofthe discount factor|320|582|
|Deficitcontribution paid|(6,023)|(6,159)|
|Impact ofchangein assumption and contribution schedule|454|(12,090)|
|Carriedforward pensionliabilityat 31 December 2020|£26,376|£31,625|



|termsoftheagreement.|||
|---|---|---|
|**Income and expenditure impact**|2020|2019|
|Unwindingofthe discount factor|320|582|
|Impact ofchangein assumption and contribution schedule|454|(12,090)|
||£774|(£11,508)|
|**Assumptions**|2020|2019|
|Rate of discount|0.27%|1.13%|





|**ENDOWED CAPITAL - 2020**||Blechynden||||
|---|---|---|---|---|---|
||General|andBrown|MrsSarah|StMary||
||Endowment|Almshouse|Hayter's|Magdalen's|2020|
||Fund|Charity|Charity|Hospital|Total|
|Balanceas at1January 2020|7,080,163|8,872|39,791|403,200|7,532,026|
|Transferofassets|**_-_**|**_-_**|**_-_**|**_-_**|**_-_**|
|Depreciation of buildings|(7,589)|**_-_**|(1,200)|(8,400)|(17,189)|
|Investmentmanagementfees|(9,152)|**_-_**|**-**|**-**|(9,152)|
|Investment income accumulated|526|**_-_**|**_-_**|**-**|526|
|Realisedgain/(loss) on disposal||||||
|ofinvestments|(1,737)|**_-_**|**_-_**|**-**|(1,737)|
|Unrealisedlosses on revaluation||||||
|ofinvestmentproperties|(180,000)|**_-_**|**_-_**|**_-_**|(180,000)|
|Unrealisedlosses on investments|(79,461)|570|166|**_-_**|(78,725)|
|Balanceas at31December 2020|£6,802,750|£9,442|£38,757|£394,800|£7,245,749|
|**_ENDOWED CAPITAL - 2019_**||**_Blechynden_**||||
||**_General_**|**_and Brown_**|**_Mrs Sarah_**|**_St Mary_**||
||**_Endowment_**|**_Almshouse_**|**_Hayter's_**|**_Magdalen's_**|**_2019_**|
||**_Fund_**|**_Charity_**|**_Charity_**|**_Hospital_**|**_Total_**|
|**_Balance as at 25 December 2018_**|**_6.425.589_**|**_7,637_**|**_40,629_**|**_411.600_**|**_6,885.455_**|
|**_Transfer of assets_**|**_-_**|**_-_**|**_-_**|_-_|**_-_**|
|**_Depreciation of buildings_**|**_(7.589)_**|<br>**_-_**|**_(1,200)_**|<br>**_(8,400)_**|**_(17.189)_**|
|**_Investment management fees_**|**_(14.945)_**|<br>**_-_**|**_-_**|**_-_**|**_(14,945)_**|
|**_Investment income accumulated_**|**_472_**|**_-_**|**_-_**|**_-_**|**_472_**|
|**_Realised gain/(loss) on disposal_**||||||
|**_of investments_**|**_45,181_**|**_-_**|**_-_**|**_-_**|**_45,181_**|
|**_Unrealised losses on revaluation_**||||||
|**_of investment properties_**|**_(50.000)_**|<br>**_-_**|**_-_**|**_-_**|**_(50.000)_**|
|**_Unrealised losses on investments_**|**_681,455_**|**_1,235_**|**_362_**|**_-_**|**_683,052_**|
|**_Balance as at 31 December 2019_**|**_£7.080.163_**|**_£8.872_**|**_£39.791_**|**_£403.200_**|**_£7.532.026_**|



## 



## 

|**RESTRICTED FUNDS - 2020**||||||
|---|---|---|---|---|---|
||SCAWC|MrsSarah|Buchanan|StMary||
||Almshouse|Hayter's|Housing|Magdalen's|2020|
||Charities|Charity|Charity|Hospital|Total|
||(Note 18.3a) (Note 18.3b)||(Note 18.3c)|||
|Contributions from residents|268,548|71,265|135,415|2,306|477,534|
|Investment income|57,986|3,624|12,175|13,494|87,279|
|Other income|**-**|1,351|**-**|**-**|1,351|
|Legaciesanddonations|**-**|**-**|**-**|**-**|**-**|
|Expenditure|(227,835)|(72,452)|<br>(99,618)|(3,120)|(403,025)|
|Net income|98,699|3,788|47,972|12,680|163,139|
|Realisedgains on investments|-|**-**|**-**|**-**|**-**|
|Unrealisedgains on investments|(101,431)|(6,039)|11,139|38,677|(57,654)|
|Net movement in fundsbeforetrai|<br>(2,732)|(2,251)|59,111|51,357|105,485|
|Transferfrom unrestricted funds|41,110|**-**|**-**|**-**|41,110|
|Endowedcapital recouped|**-**|(1,200)|**-**|**-**|(1,200)|
|Balanceatl January 2020|2,255,132|403,126|2,362,799|868,620|5,889,677|
|Balanceat 31 December 2020|£2,293,510|£399,675|£2,421,910|£919,977|£6,035,072|
|Thefund balances include the following unrealised gains/(losses):||||||
|Asat31December 2020|(£101,431)|(£6,039)|£11,139|£38,677|(£57,654)|
|Asat1January 2020|£173,497|£10,329|£82,866|£60,718|£327,410|



## 

|**_RESTRICTED_**<br>**_FUNDS - 2019_**||||||
|---|---|---|---|---|---|
||**_SCAWC_**|**_Mrs Sarah_**|**_Buchanan_**|**_St Mary_**||
||**_Almshouse_**|**_Hayter's_**|**_Housing_**|**_Magdalen's_**|**_2019_**|
||**_Charities_**|**_Charity_**|**_Charity_**|**_Hospital_**|**_Total_**|
|**_(Note 18.4a)_**||**_(Note 18.4b)_**|**_(Note 18.4c)_**|||
|**_Contributions from residents_**|**_271,359_**|**_72.621_**|**_129,129_**|**_3.495_**|**_476.604_**|
|**_Investment income_**|**_57,867_**|**_3.703_**|**_12,310_**|**_8.196_**|**_82.076_**|
|**_Other income_**|**_-_**|**_1,388_**|_-_|**_-_**|**_1.388_**|
|**_Legacies and donations_**|**_4,100_**|**_-_**|**_-_**|**_-_**|**_4.100_**|
|**_Expenditure_**|**_(185,165)_**|**_(65,280)_**|**_(80,655)_**|**_(6.751)_**|**_(337.851)_**|
|**_Net income_**|**_148,161_**|**_12,432_**|**_60,784_**|**_4,940_**|**_226.317_**|
|**_Realised gains on investments_**|**_-_**|**_-_**|**_47.560_**|**_-_**|**_47.560_**|
|**_Unrealised gains on investments_**|**_173,497_**|**_10.329_**|**_82.866_**|**_60,718_**|**_327.410_**|
|**_Net movement in funds before Iransfe,_**|<br>**_321,658_**|**_22.761_**|**_191.210_**|**_65,658_**|**_601.287_**|
|**_Transfer from unrestricted funds_**|**_43,861_**|**_-_**|**_-_**|**_-_**|**_43,861_**|
|**_Endowed capital recouped_**|_-_|**_(1,200)_**|_-_|**_-_**|**_(1,200)_**|
|**_Balance at 25 December 2018_**|**_1,889,613_**|**_381,565_**|**_2,171.589_**|**_802,962_**|**_5,245,729_**|
|**_Balance at 31 December 2019_**|**_£2.255.132_**|**_£403,126_**|**_£2.362.799_**|**_£868.620_**|**_£5.889.677_**|





## 

## 

|||Specific|Cyclical|Extraordinary||
|---|---|---|---|---|---|
|||Almshouse|Maintenance|Repair||
|||Funds|Fund|Fund|Total|
|Contributions fromresidents|||165,325|103,223|268,548|
|Investment income accumulated|||1,098|56,888|57,986|
|Legaciesanddonations||||||
|Expenditure||(2,926)|(141,347)|(83,562)|(227,835)|
|Net income||(2,926)|25,076|76,549|98,699|
|Transferfrom Unrestricted Funds||||41,110|41,110|
|Unrealisedgains/(losses) on investments||||(101,431)|(101,431)|
|Netmovementin funds||(2,926)|25,076|16,228|38,378|
|Balanceat1January 2020||9,581|391,234|1,854,317|2,255,132|
|Balanceat 31 December 2020||£6,655|£416,310|£1,870,545|£2,293,510|
|b.<br>**Mrs Sarah Hayter's Charity**-2020||||||
|||Cyclical|Extraordinary|||
||General|Maintenance|Repair|Property||
||Fund|Fund|Fund|Fund|Total|
|Contributions fromresidents|49,049|15,587|6,629||71,265|
|Investment income|79|105|3,440||3,624|
|(Dtherincome|1,351||||1,351|
|Expenditure|(44,197)|(6,664)|(3,651)|(17,940)|(72,452)|
|Net income|6,282|9,028|6,418|(17,940)|3,788|
|Unrealisedgains on investments|||(6,039)||(6,039)|
|Endowedcapitalrecouped|(1,200)||||(1,200)|
|LoanfromSCAWCrepaid|(12,000)|||12,000||
|Netmovementin funds|(6,918)|9,028|379|(5,940)|(3,451)|
|Balanceat1January 2020|57,965|38,736|129,573|176,852|403,126|
|Balanceat31December 2020|£51,047|£47,764|£129,952|£170,912|£399,675|
|**c.**<br>**Buchanan Housing Charity -** 2020||||||
|||Cyclical|Extraordinary|||
||General|Maintenance|Repair|Property||
||Fund|Fund|Fund|Fund|Total|
|Contributions fromresidents|105,375|18,393|11,647||135,415|
|Investment income|102|303|11,770||12,175|
|Expenditure|(30,163)|(25,757)|(4,272)|(39,426)|(99,618)|
|Net income|75,314|(7,061)|19,145|(39,426)|47,972|
|Realisedgains on investments||||||
|Unrealisedgains on investments|32,353||(21,214)||11,139|
|Additions of housingproperty||||||
|**Net**movementin funds|107,667|(7,061)|(2,069)|(39,426)|59,111|
|Balanceat1January 2020|376,964|111,866|337,206|1,536,763|2,362,799|
|Balanceat31December 2020|£484,631|£104,805|£335,137|£1,497,337|£2,421,910|





## 

|||**_Specific_**|**_Cyclical_**|**_Extraordinary_**||
|---|---|---|---|---|---|
|||**_Almshouse_**|**_Maintenance_**|**_Repair_**||
|||**_Funds_**|**_Fund_**|**_Fund_**|**_Total_**|
|**_Contributions from residents_**||**_-_**|**_164,358_**|**_107,001_**|**_271,359_**|
|**_Investment income accumulated_**||**_-_**|**_2,070_**|**_55,797_**|**_57,867_**|
|**_Legacies and donations_**||**_4,100_**|**_-_**|**_-_**|**_4,100_**|
|**_Expenditure_**||**_(6.431)_**|**_(92,435)_**|**_(86,299)_**|**_(185,165)_**|
|**_Net income_**||**_(2,331)_**|**_73,993_**|**_76,499_**|**_148,161_**|
|**_Transfer from Unrestricted Funds_**||**_-_**|**_-_**|**_43,861_**|**_43,861_**|
|**_Unrealised gains/(losses) on investments_**||**_-_**|**_-_**|**_173,497_**|**_173,497_**|
|**_Net movement in funds_**||**_(2,331)_**|**_73,993_**|**_293,857_**|**_365,519_**|
|**_Balance at 25 December 2018_**||**_11,912_**|**_317,241_**|**_1,560,460_**|**_1,889,613_**|
|**_Balance at 31 December 2019_**||**_£9,581_**|**_£391,234_**|**_£1,854,317_**|**_£2,255,132_**|
|**_b._**<br>**_Mrs Sarah Hayter's Charity  _**|**_-2019_**|||||
|||**_Cyclical_**|**_Extraordinary_**|||
||**_General_**|**_Maintenance_**|**_Repair_**|**_Property_**||
||**_Fund_**|**_Fund_**|**_Fund_**|**_Fund_**|**_Total_**|
|**_Contributions from residents_**|**_57,347_**|**_7,834_**|**_7,440_**|**_-_**|**_72,621_**|
|**_Investment income_**|**_78_**|**_199_**|**_3,426_**|**_-_**|**_3,703_**|
|**_Other income_**|**_1,388_**|**_-_**|**_-_**|**_-_**|**_1,388_**|
|**_Expenditure_**|**_(46.105)_**|**_(3.103)_**|**_1,868_**|**_(17,940)_**|**_(65,280)_**|
|**_Net income_**|**_12,708_**|**_4,930_**|**_12,734_**|**_(17.940)_**|**_12,432_**|
|**_Unrealised gains on investments_**|**_-_**|**_-_**|**_10,329_**|**_-_**|**_10,329_**|
|**_Endowed capital recouped_**|**_(1.200)_**|**_-_**|**_-_**|**_-_**|**_(1,200)_**|
|**_Loan fhom SCAWC repaid_**|**_(12,000)_**|**_-_**|**_-_**|**_12,000_**||
|**_Net movement in funds_**|**_(492)_**|**_4,930_**|**_23.063_**|**_(5,940)_**|**_21,561_**|
|**_Balance at 25 December 2018_**|**_58,457_**|**_33,806_**|**_106,510_**|**_182,792_**|**_381,565_**|
|**_Balance at 31 December 2019_**|**_£5^.965_**|**_£38.736_**|**_£129.573_**|**_£176.852_**|**_£403.126_**|
|**_c._**<br>**_Buchanan Housing Charity_**|**_- 2019_**|||||
|||**_Cyclical_**|**_Extraordinary_**|||
||**_General_**|**_Maintenance_**|**_Repair_**|**_Property_**||
||**_Fund_**|**_Fund_**|**_Fund_**|**_Fund_**|**_Total_**|
|**_Contributions from residents_**|**_90.614_**|**_22.595_**|**_15,920_**|_-_|**_129.129_**|
|**_Investment income_**|**_220_**|**_587_**|**_11,503_**|**-**|**_12.310_**|
|**_Expenditure_**|**_(28.462)_**|**_(8.360)_**|**_(4,406)_**|**_(39.427)_**|**_(80.655)_**|
|**_Net income_**|**_62.372_**|**_14,822_**|**_23,017_**|**_(39.427)_**|**_60.784_**|
|**_Realised gains on investments_**|**_47.560_**|_-_|**_-_**|_-_|**_47.560_**|
|**_Unrealised gains on investments_**|**_46.578_**|_-_|**_36,288_**|_-_|**_82.866_**|
|**_Additions of housing property_**|**_(457.746)_**|**_-_**|**_-_**|**_457.746_**|**_-_**|
|**_Net movement in funds_**|**_(301.236)_**|**_14,822_**|**_59,305_**|**_418.319_**|**_191.210_**|
|**_Balance at 25 December 2018_**|**_678.200_**|**_97,044_**|**_277,901_**|**_1.118,444_**|**_2.171.589_**|
|**_Balance at 31 December 2019_**|**_£376.964_**|**_£111,866_**|**_£337.206_**|**_£1.536.763_**|**_£2.362,799_**|





## 

|||Almshouse|||
|---|---|---|---|---|
|||Development|||
||Internal|and|||
||Property|Improvement|General||
||Fund|Fund|Fund|Total|
|Surpluson unrestricted funds|||37,942|37,942|
|Incomecredited to designated funds||23,215|(23,215)||
|Expenditurecharged to designated funds|||||
|Almshouseimprovements|||||
|Depreciationofalmshouses|(63,117)||63,117||
|Almshousedevelopments|43,278|(43,278)|||
|Recoupmentofboilersandcapital|||(41,180)|(41,180)|
|Repaymentofhousingloans|1,048||(1,048)||
|RepaymentofloantoSarah Hayter's Charity|(12,000)|12,000|||
|Appropriationofsurplus||36,390|(36,390)||
|Realisedgains/(losses)on investments||(32,504)||(32,504)|
|Unrealisedgains/(losses)on investments||322,848||322,848|
|Pensionscheme gains|||||
|Pension deficittransfer||(6,023)|6,023||
|Netmovement in funds|(30,791)|312,648|5,249|287,106|
|Balanceat1January 2020|2,314,051|4,492,072|328,375|7,134,498|
|Balanceat31December2020|£2,283,260|£4,804,720|£333,624|£7,421,604|



|**_UNRESTRICTED_**<br>**_FUNDS - 2019_**|||||
|---|---|---|---|---|
|||**_Almshouse_**|||
|||**_Development_**|||
||**_Internal_**|**_and_**|||
||**_Property_**|**_Improvement_**|**_General_**||
||**_Fund_**|**_Fund_**|**_Fund_**|**_Total_**|
|**_Surplus on unrestricted funds_**|||**_156,495_**|**_156,495_**|
|**_Income credited to designated funds_**||**_18,841_**|**_(18,841)_**||
|**_Expenditure charged to designated funds_**|||||
|**_Almshouse improvements_**||**_(28,882)_**|**_28,882_**||
|**_Depreciation of almshouses_**|**_(59,907)_**||**_59,907_**||
|**_Almshouse developments_**|**_139,703_**|**_(139,703)_**|||
|**_Recoupment of boilers_**|||**_(43,931)_**|**_(43,931)_**|
|**_Repayment of housing loans_**|**_946_**||**_(946)_**||
|**_Repayment of loan to Sarah Hayter's Charity_**|**_(12.000)_**|**_12,000_**|||
|**_Appropriation of surplus_**||**_181,566_**|**_(181,566)_**||
|**_Realised gains/flosses) on investments_**||**_202,442_**||**_202,442_**|
|**_Unrealised gains/flosses) on investments_**||**_499,914_**||**_499,914_**|
|**_Pension scheme gains_**||**_11,508_**||**_11,508_**|
|**_Pension deficit transfer_**||**_(17,667)_**|**_17,667_**||
|**_Net movement in funds_**|**_68,742_**|**_740,019_**|**_17,667_**|**_826,428_**|
|**_Balance at 25 December 2018_**|**_2,245,309_**|**_3,752,053_**|**_310,708_**|**_6,308,070_**|
|**_Balance at 31 December 2019_**|**_£2,314,051_**|**_£4,492,072_**|**_£328,375_**|**_£7,134,498_**|





## 

||Unrestricted|Restricted|Endowment||
|---|---|---|---|---|
||Funds|Funds|Funds|Total|
|FixedAssets|||||
|Almshouses|4,058,441|2,155,736|649,514|6,863,691|
|Offices|25,810||267|26,077|
|Investmentproperties|||1,400,000|1,400,000|
|Investments|||5,281,210|5,281,210|
|E F F & F|38,048|||38,048|
||4,122,299|2,155,736|7,330,991|13,609,026|
|Currentassetinvestments|4,705,214|2,735,462||7,440,676|
|Other currentassets|632,785|1,511,169|464|2,144,418|
|Current liabilities|(279,777)|||(279,777)|
|Longterm liabilities|(2,099,836)|||(2,099,836)|
|Loanto Mrs Sarah Hayter's Charity|367,295|(367,295)|||
|Provisions|(26,376)|||(26,376)|
||£7,421,604|£6,035,072|£7,331,455|£20,788,131|



||**_Unrestricted_**|**_Restricted_**|**_Endowment_**||
|---|---|---|---|---|
||**_Funds_**|**_Funds_**|**_Funds_**|**_Total_**|
|**_Fixed Assets_**|||||
|**_Almshouses_**|**_4,144,681_**|**_2.123.958_**|**_666.695_**|**_6.935.334_**|
|**_Offices_**|**_25,801_**||**_276_**|**_26.077_**|
|**_Investment properties_**|||**_1.530.000_**|**_1.530.000_**|
|**_Investments_**|||**_6.089,517_**|**_6.089.517_**|
|**_EFF&F_**|**_31.618_**|||**_31.618_**|
||**_4,202,100_**|**_2.123.958_**|**_8.286,488_**|**_14.612.546_**|
|**_Current asset investments_**|**_5.112.848_**|**_2.730.220_**||**_7.843.068_**|
|**_Other current assets_**|**_568,302_**|**_1.485.336_**|**_464_**|**_2.054.102_**|
|**_Current liabilities_**|**_(206.791)_**|||**_(206.791)_**|
|**_Long term liabilities_**|**_(2.169,337)_**|||**_(2,169.337)_**|
|**_Loan to Mrs Sarah Hayter's Charity_**|**_379.295_**|**_(379.295)_**|||
|**_Provisions_**|**_(13.958)_**|||**_(13.958)_**|
||**_£7.872.459_**|**_£5,960.219_**|**_£8.286.952_**|**_£22.119.630_**|



## 



## 

## 



## 

## 

||||**_Unrestricted_**|**_Restricted_**|**_Endowment_**|**_Total_**|
|---|---|---|---|---|---|---|
|||**_Note_**|**_Funds_**|**_Funds_**|**_Funds_**|**_2019_**|
||**_INCOME_**<br>**_FROM_**||||||
||**_Charitable Activities_**||||||
||**_Turnover_**||||||
||**_Residents' contributions_**|**_2_**|**_859,728_**|**_473.389_**||**_1.333.117_**|
||**_Housing Related Support_**|**_2_**|**_70,728_**|**_3.215_**|**_**|**_73.943_**|
||**_Government grant income_**|**_2_**|**_67,291_**|||**_67.291_**|
||||**_997.747_**|**_476.604_**|_-_|**_1,474,351_**|
||**_Surplus on disposal_**||_-_|_-_|**-**|_-_|
||**_Donations and legacies_**||**_23,584_**|**_4.100_**|_-_|**_27.684_**|
||**_Investments_**|**_3_**|**_304.463_**|**_82.076_**|**_472_**|**_387.011_**|
||**_Other income_**||**_49,487_**|**_1.388_**|**-**|**_50.875_**|
|**_'_**|**_Total income_**||**_1,375.281_**|**_564.168_**|**_472_**|**_1.939.921_**|
||**_EXPENDITURE_**<br>**_ON_**||||||
||**_Raising Funds_**||||||
||**_Investment costs_**|**_4_**|**_9.412_**||**_14,945_**|**_24.357_**|
||**_Charitable Activities_**||||||
||**_Almshouse operating costs_**|**_2_**|**_896,477_**|**_295.120_**|**_17,189_**|**_1.208.786_**|
||**_Almshouse management_**|**_2_**|**_275,292_**|**_42.731_**||**_318.023_**|
||**_Interest_**|**_5_**|**_15,227_**|||**_15.227_**|
||||**_1,186,996_**|**_337.851_**|**_17,189_**|**_1,542.036_**|
||**_Welfare grants_**|**_7_**|**_22,378_**|||**_22.378_**|
||||**_1,209,374_**|**_337.851_**|**_17.189_**|**_1.564.414_**|
||**_Total expenditure_**||**_1,218,786_**|**_337.851_**|**_32.134_**|**_1.588.771_**|
||**_Net income/(expenditure) before gains_**||**_156,495_**|**_226.317_**|**_(31,662)_**|**_351.150_**|
||**_OTHER GAINS AND LOSSES_**||||||
||**_Realised gains/(losses) on disposal:_**||||||
||**_Investments_**||**_202,442_**|**_47,560_**|**_45.181_**|**_295.183_**|
||**_Unrealised gains/flosses) on revaluation:_**||||||
||**_Investments_**||**_499,914_**|**_327.410_**|**_696.157_**|**_1,523,481_**|
||**_Investment properties_**||||**_(50.000)_**|**_(50.000)_**|
||**_Pension scheme liability_**||**_11,508_**|||**_11,508_**|
||**_Net income/expenditure_**||**_870,359_**|**_601,287_**|**_659.676_**|**_2.131.322_**|
||**_Transfers between funds_**|**_18_**|**_(43,931)_**|**_42.661_**|**_1.270_**||
||**_Net movement in funds_**||**_826,428_**|**_643,948_**|**_660.946_**|**_2,131,322_**|
||**_Fund balances at 25 December 2018_**||**_6 308,070_**|**_5.245.729_**|**_6.947.871_**|**_18.501.670_**|
||**_Fund balances at 31 December 2019_**||**_£7,134,498_**|**_£5,889,677_**|**_£7.608.817_**|**_£20,632.992_**|