| Page | |
|---|---|
| Reference and administrative details of the Charity, its Trustees and advisers | 1 |
| Trustees' report | 2-5 |
| Independent auditors' report on the financial statements | 6-9 |
| Statement of financial activities | 10 |
| Balance sheet | 11-12 |
| Notes to the financial statements | 13-29 |
| Charity Detailed income and expenditure account and summaries |
| Trustees | Mr F J W Brown, Chairman |
|---|---|
| Mr G Norman, Vice Chairman | |
| Mr D Porter | |
| Mr C Alien | |
| Mr D T Murfitt | |
| Mrs J Weaver | |
| Mr C Webber | |
| Mrs V Padgett | |
| Mrs L Clay | |
| Mrs S Kerridge | |
| Mr L Fallen | |
| Charity registered | |
| number | 202116 |
| Principal office | 5 Victoria Street |
| Littleport | |
| Cambridgeshire | |
| CB61LU | |
| Clerk | Mrs L Ciarke-Jones |
| Statutory auditors | Whitings LLP |
| Raleigh House | |
| 14C Compass Point Business Park Stocks Bridge Way |
|
| St Ives | |
| Cambridgeshire | |
| PE27 5JL | |
| Bankers | Barclays Bank PLC 28 High Street Ely |
| Cambridgeshire CB7 4LA |
| Restricted Unrestricted | Restricted Unrestricted | Total | Total | ||
|---|---|---|---|---|---|
| funds funds | funds | funds | |||
| Note | 2021 2021 £ £ |
2021£ | 2020 £ |
||
| Income from: | |||||
| Charitable activities | 2 | 92,004 | 92,004 | 86,703 | |
| Investments | 3 | 61,722 | 61,722 | 66,071 | |
| Total income | 153,726 | 153,726 | 152,774 | ||
| Expenditure on: Charitable activities |
4 | 71,249 | 71,249 | 68,081 | |
| Total expenditure | 71,249 | 71,249 | 68.081 | ||
| Net income before net gains/(losses) | |||||
| on investments | 82,477 | 82,477 | 84,693 | ||
| Net gains/(iosses) on investments | 40,599 | 40,599 | (31.029) | ||
| Net income | 123,076 | 123,076 | 53,664 | ||
| Transfers between funds | 16 | 83 | <83) | ||
| 83 | 122,993 | 123,076 | 53,664 | ||
| Net movement in funds | |||||
| Reconciliation of funds: | |||||
| Tota! funds brought forward | 1,983 | 2,960,841 | 2,962,824 | 2,909,160 | |
| Net movement in funds | 83 | 122,993 | 123,076 | 53,664 | |
| 2,066 | 3,083,834 | 3,085,900 | 2,962,824 | ||
| Total funds carried forward |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Note | £ | £ | |||
| Fixed assets | |||||
| Tangible assets | 9 | 518,091 | 421,261 | ||
| Investments | 11 | 348,532 | 319,587 | ||
| Investment property | 10 | 2,234,600 | 2,234,600 | ||
| 3,101,223 | 2,975,44S | ||||
| Current assets | |||||
| Debtors | 12 | 9,088 | 9,277 | ||
| Cash at bank and in hand | 81,405 | 92,721 | |||
| 90,493 | 101,998 | ||||
| Creditors: amounts falling due within one | |||||
| year | 13 | (20,788) | (19,496) | ||
| Net current assets | 69,705 | 82,502 | |||
| Total assets less current liabilities | 3,170,928 | 3.057.950 | |||
| Creditors: amounts falling due after more | |||||
| than one year | 14 | (85,028) | (95,126) | ||
| Net assets excluding pension asset | 3,085,900 | 2,962,824 | |||
| Total net assets | 3,085,900 | 2,962,824 | |||
| Charity funds | |||||
| Restricted funds | 16 | 2,066 | 1,983 | ||
| Unrestricted funds | 16 | 3,083,834 | 2,960.841 | ||
| Total funds | 3,085,900 | 2,962,824 |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2021£ | 2021£ | 2020 £ |
|
| investment income | 24,832 | 24,832 | 30,652 |
| Interest receivable | 2,443 | 2,443 | 2,674 |
| Profit on disposal of investments | 34,447 | 34,447 | 32,745 |
| 61,722 | 61,722 | 66,071 | |
| Tote/ 2020 | 66,071 | 66,071 |
| Unrestricted | Total | Total | |
|---|---|---|---|
| funds | funds | funds | |
| 2021£ | 2021£ | 2020 £ |
|
| Cost of sales | 64,723 | 64,723 | 62,037 |
| Education grants provided | 6,526 | 6,526 | 6,044 |
| 71,249 | 71,249 | 68,081 | |
| Total 2020 | 68,081 | 68,081 |
| Grants to | Total | Total | |
|---|---|---|---|
| Individuals | funds | funds | |
| 2021£ | 2021£ | 2020 £ |
|
| Education grants | 2,815 | 2,815 | 4,550 |
| Total 2020 | 4,550 | 4,550 | |
| 3=S |
| Activities Grant | ||||
|---|---|---|---|---|
| undertaken funding | of Support Total Total | |||
| directly activities costs funds | funds | |||
| 2021 2021 | 2021 | 2021 2020 | ||
| £ ££ | £ | £ | ||
| Cost of sales | 51,433 | 13,290 | 64,723 | 62.037 |
| Other Activities | 2,815 | 3,711 | 6,526 | 6,044 |
| 51,433 2,815 |
17,001 | 71,249 | 68,081 | |
| Total 2020 | 49,332 4,550 |
14.199 | 68,081 |
| Charitable Investment | Charitable Investment | Total | Tote/ | |
|---|---|---|---|---|
| Activities Activities | funds | funds | ||
| 2021 2021 £ £ |
2021£ | 2020 £ |
||
| Depreciation | 195 | 470 | 665 | 665 |
| Payroll costs | 3,098 | 1,033 | 4,131 | 4.095 |
| Postage, stationery and telephone | 1,287 | 429 | 1,716 | 1,593 |
| Sundry expenses | 596 | 199 | 795 | 680 |
| Depreciation - freehold almshouse | 3,284 | 1,095 | 4,379 | 2,575 |
| Interest payable and similar charges | 1,455 | 485 | 1,940 | 1,701 |
| Audit and accountancy fees | 3,375 | 3,375 | 2,890 | |
| 13,290 | 3,711 | 17,001 | 14,199 | |
| Total 2020 | 11.068 | 3,131 | 14,199 |
| 2021£ | 2020 £ |
|
|---|---|---|
| Fees payable to the Charity's auditor for the audit of the Charity's annual | ||
| accounts | 3,375 | 2,890 |
| Freehold Office | Freehold Office | ||
|---|---|---|---|
| property equipment | Total | ||
| £ £ | £ | ||
| Cost or valuation | |||
| At 1 April 2020 | 467,898 | 975 | 468,873 |
| Additions | 101,874 | 101,874 | |
| At 31 March 2021 | 569,772 | 975 | 570,747 |
| Depreciation | |||
| At 1 April 2020 | 47,222 | 390 | 47,612 |
| Charge for the year | 4,849 | 195 | 5,044 |
| At 31 March 2021 | 52,071 | 585 | 52,656 |
| Net book value | |||
| At 31 March 2021 | 517,701 | 390 | 518,091 |
| At 31 March 2020 | 420,676 | 585 | 421,261 |
| 10. Investment property | |||
| Freehold | |||
| investment | |||
| property£ | |||
| Valuation | |||
| At 1 April 2020 | 2,234,600 | ||
| At 31 March 2021 | 2,234,600 |
| Unlisted | |||
|---|---|---|---|
| investments£ | |||
| Cost or valuation | |||
| At 1 April 2020 | 319,587 | ||
| Additions | 3,900 | ||
| Disposals | (15,553) | ||
| Revaluations | 40,599 | ||
| At 31 March 2021 | 348,532 | ||
| Net book value | |||
| At 31 March 2021 | 348,532 | ||
| At 31 March 2020 | 319,587 | ||
| 12. | Debtors | ||
| 2021£ | 2020 £ |
||
| Due within one year | |||
| Trade debtors | 7,331 | 6,77^ | |
| Prepayments and accrued income | 1,757 | 2,506 | |
| 9,088 | 9.277 | ||
| 13. Creditors: Amounts falling due within one year | |||
| 2021£ | 2020 £ |
||
| Bank loans | 99 | 86 | |
| Other toans | 10,000 | 10.000 | |
| Trade creditors | 309 | 535 | |
| Accruais and deferred income | 10,380 | 8,875 | |
| 20,788 | 19,496 |
| 2021£ | 2020 £ |
|
|---|---|---|
| Bank loans | 10,028 | 10,126 |
| Other loans | 75,000 | 85,000 |
| 85,028 | 95, ^26 | |
| == |
| 2021£ | 2020 £ |
|
|---|---|---|
| Financial assets | ||
| Financial assets measured at amortised cost | 87,634 | 99,492 |
| 2021£ | 2020 £ |
|
| Financial liabilities | ||
| Financial liabilities measured at amortised cost | 10,658 | 10,621 |
| Balance at | |||||
|---|---|---|---|---|---|
| Balance at 1 April 2020 £ |
Income Expenditure £ £ |
Transfers in/out£ |
Gains/ 31 March (Losses) 2021 £ £ |
||
| Unrestricted | |||||
| funds | |||||
| Designated | |||||
| funds | |||||
| Extraordinary | |||||
| Repairs Fund | 96,757 | 3,900 | 100,657 | ||
| Future | |||||
| Almshouse | |||||
| Construction & | |||||
| Maintenance | |||||
| Reserve | 316,000 | 316,000 | |||
| Future drainage | |||||
| fund | 19,812 | 30,188 | 50,000 | ||
| Salvation Army Hall Fund |
30,000 | 20,000 | 50,000 | ||
| 462,569 | 54,088 | 516,657 | |||
| General funds | |||||
| Genera! Funds - | |||||
| all funds | 263,672 | 153,726 | (71,249) | (54,171) | 40,599 332,577 |
| Revaluation | |||||
| resen/e - | |||||
| investments | 2,234,600 | 2,234,600 | |||
| 2,498,272 | 153,726 | (71,249) | (54,171) | 40,599 2,567,177 | |
| Total | |||||
| Unrestricted | |||||
| funds | 2,960,841 | 153,726 | (71,249) | (83) | 40,599 3,083,834 |
| Restricted | |||||
| funds | |||||
| Mary Gather | |||||
| Fund | 1,983 | 83 | 2,066 | ||
| Total of funds | 2,962,824 | 153,726 | (71,249) | 40,599 3,085,900 |
| Balance at | Balance at | ||||
|---|---|---|---|---|---|
| 26 March | Transfers | Gains/ 31 March | |||
| 2019 | Income Expenditure | in/oul | fLossesJ 2020 | ||
| £ | £ £ | £ | £ £ | ||
| Unrestricted | |||||
| funds | |||||
| Designated | |||||
| funds | |||||
| Extraordinary | |||||
| Repairs Fund | 92,857 | 3,900 | 96,757 | ||
| Future | |||||
| Almshouse | |||||
| Construction & | |||||
| Maintenance | |||||
| Reserve | 316.000 | 316.000 | |||
| Future drainage | |||||
| fund | 19,812 | 19,812 | |||
| Salvation Army | |||||
| Hail Fund | 30,000 | 30,000 | |||
| 428,663 | 33,500 | 462,569 | |||
| General funds | |||||
| General Funds - | |||||
| all funds | 243,967 | 152,774 | (68,081) | (33,959) | (31,029) 263,672 |
| Revaluation | |||||
| resen/e - | |||||
| investments | 2,234,600 . - | . . 2,234,600 | |||
| 2,478,567 | 152,774 | (68,081) | (33,959) | (31,029) 2,498,272 | |
| Total | |||||
| Unrestricted | |||||
| funds | 2,907,236 | (68,081) | (59) | (31,029) 2.960.841 | |
| Restricted | |||||
| funds | |||||
| Mary Gather fund |
1,924 | 59 | 1,963 |
| Restricted Unrestricted | Total | |
|---|---|---|
| funds funds | funds | |
| 2021 2021 £ £ |
2021£ | |
| Tangible fixed assets | 518,091 | 518,091 |
| Fixed asset investments | 348,532 | 348,532 |
| Investment property | 2,234,600 | 2,234,600 |
| Current assets | 2,066 88,427 | 90,493 |
| Creditors due within one year | (20,788) | (20,788) |
| Creditors due in more than one year | (85,028) | (85,028) |
| Total | 2,066 3,083,834 | 3,085,900 |
| Restricted Unrestricted | Total | |
|---|---|---|
| funds funds | funds | |
| 2020 2020 £ £ |
2020£ | |
| Tangible fixed assets | 421,261 | 421,261 |
| Fixed asset investments | 319,587 | 319,587 |
| Investment property | 2,234,600 | 2,234,600 |
| Current assets | 1,983 100,016 | 101,999 |
| Creditors due within one year | (19,496) | (19,496) |
| Creditors due in more than one year | (95,127) | (95,127) |
| 1,983 2,960,841 | 2,962,824 |
| 2021 2020 | |||
|---|---|---|---|
| 2021 | 2020 | Balances Balances | |
| Rents receivable £ |
Rents receivable £ |
outstanding outstanding at year-end at year-end £ £ |
|
| Mr G Norman | 4,011 | 4,011 | 2,005 |
| Mr D T Murfitt | 2,575 | 3,863 | |
| Mr P Padgett | 2,471 | Z471 | 1,236 |
| 2021£ | 2021£ | 2020£ | 2020 £ |
|
|---|---|---|---|---|
| Income | ||||
| Almshouse contributions | 92,004 | 86,703 | ||
| Interest receivable and similar income | 27,275 | 33.326 | ||
| Profit on disposal of investments | 34,447 | 32,745 | ||
| 153,726 | 152.774 | |||
| Gains/(Losses) on investments | ||||
| Revaluation of investment portfolio | 40,599 | 40,599 | (31,029) | (31,029) |
| Gross income in the reporting period | 194,325 | 121,745 | ||
| Less: | ||||
| Management | ||||
| Payroll costs | 4,131 | 4,095 | ||
| Town hall - depreciation | 470 | 470 | ||
| Postage, stationery and telephone | 1,716 | 1,593 | ||
| Auditors' fees | 3,375 | 2,890 | ||
| Sundry expenses | 796 | 680 | ||
| Depreciation - freehold almshouse | 4,379 | 2,575 | ||
| Depreciation - office equipment | 195 | 195 | ||
| 15,062 | 12,498 | |||
| Cost of sales | ||||
| Almshouses - norma! maintenance | 7,099 | 9,595 | ||
| Almshouses - exceptional repairs | 8,374 | 7,838 | ||
| Almshouses - water and sewerage | 8,463 | 7,479 | ||
| Almshouses - heating and lighting | 18,767 | 13,983 | ||
| Almshouses - insurance | 3,026 | 2,910 | ||
| Rates on void properties | 464 | 2.501 | ||
| Cail care | 5,239 | 5,026 | ||
| 51,432 | 49,332 | |||
| Other activities | ||||
| Education Grants | 815 | 1,850 | ||
| Social Welfare Grants | 2,000 | 2,700 | ||
| Interest payable | 1,940 | 1.701 | ||
| 4,755 | 6,251 |
| 2021 | 2021 | 2020 | 2020 |
|---|---|---|---|
| £ | £ | £ | £ |
| Total expenditure | 71,249 | 68,081 | |
| Net income before taxation for the reporting period |
123,076 | 53,664 | |
| Tax payable | |||
| Net income for the reporting period 123,076 | 53,664 | ||
| ==; | |||
| Surplus for the reporting period 123,076 | 53,664 | ||
| Surplus brought forward at 1 April 2020 | 53,664 | ||
| Surplus carried forward at 31 March 2021 176,740 | 53,664 |