2020-12-31-accounts - The Almshouse Of St John The Baptist And St John The Evangelist

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					2020	2019
				Notes
Turnover
Rent and	contributions	receivable		1	404,228	450,845
Operating	costs			1	(483,926)	(485,664)
Operating	deficit				(79,698)	(34,819)
Donations	and legacies				290	14,464
Finance and investment		income			9,474	8,940
Government grants					3,227
Investment	management	costs			(6,906)	(7,137)
Realised gains from investments					1,735
Deficit for	the year			1	(71,878)	(18,220)
Unrealised	gains from investments			12	28,675	48,280
Total gains/(loss) recognised			in the year		(43,203)	30,060

			Notes	2020	2019
FIXEDASSETS
Tangible assets
Housing properties plant Investment properties		and equipment		270,521 1,615,000	282,065 1,615,000
			3	l,885,521	1,897,065
			4	634,617	704,721
CURRENT ASSETS
Stocks
Debtors Cash at bank and in hand			5 6	1,500 16,045 94,962	1,500 15,007 72,602
				112,507	89,109
CREDITORS: Amounts		falling due within one year	7	(31,166)	(39,336)
NET CURRENT ASSETS				81,341	49,773
TOTAL ASSETSLESSCURRENT LIABILITIES				2,601,479	2,651,559
CREDITORS: Amounts	falling due after one year		8	(162,083)	(168,961)
				2,439,396	2,482,598
FINANCED BY:
HOUSING PROPERTY FINANCE
EQUITY
Capital and endowment Income and expenditure Amenity fund Revaluation reserve	reserves reserve		12 12	78+52 736,927 8,917	78,552 778,271 10,776
				1,614,999	1,614,999
				2,439,396	2,482,598

	Notes	2020	2019
Cash flow from operating activities	15a	(73,838)	3,700
Cash flow from investing activiues	15b	98,779	(7,850)
CASH INFLOW/(OUTFLOW) BEFOREFINANCING		24,941	(4,150)
Financing	15c	(6,878)	(6,878)
INCREASE/(DECREASE) IN CASH IN THE YEAR		18,063	(11,028)
RECONCILIATION OFNET CASH FLOW TOMOVEMENT IN
NET FUNDS
Increase/(Decrease) in cash in year		18,063	(1 l.,028)
Cash inflow from decrease in debt		6,878	6,878
Change in net debt resulting in cash flows		24,941	(4,150)
MOVEMENT IN NET FUNDS IN THE YEAR		24,941	(4,150)
NET (DEBT)AT 1IANUARY 2020		(103,237)	(99,087)
NET (DEBT)AT 31DECEMBER 2020	15d	(78,296)	(103,237)

		Operating		Operating
		costs		costs
	Income	2020	Income	2019f
Income and expenditure from lettings
Housing accommodation	318,823	466,378	346,139	463,683
Other income and expenditure
Non housing property lettings	85,405	17,548	104,706	21,981
	404,228	483,926	450,845	485,664
Finance and investment income Donations and legacies	9,474 290		8,940 14,464
Government grants - CJRS Schemes	3,227
Investment management costs Realised gains on investments	1,735	6,906	332	7,137
	418,954	490,832	474,581	492,801
Deficit for the year on all funds	71,878		18,220

Depreciation Depreciation Independent	—land and —fixtures examiner's	buildings and fittings fee	9,077 2,467 1,200	9,077 3,085 1,200

FINANCEANDINVESTMENT
	INCOME		2020	2019
Deposit account interest Dividends received			954 8,520	1,339 7,601
			9,474	8,940
FIXEDASSETS
	Property,		Fhtu res
	plant and	Investment	and
	equipment	properties	fittings	Total
Cost or nominal valuation:
1 January 2020 Additions	478,846	1,615,000	74,747	2,168,593
31 December 2020	478,846	1,615,000	74,747	2,168,593
Depreciation:
1 January 2020 Charge for the year	209,119 9,077		62,409 2,467	271,528 11,544
31December 2020	218,196		64,876	283,072
Net book value:
31December 2020	260,650	1,615,000	9,871	1,885,521
31December 2019	269,727	1,615,000	12,338	1,897,065

Brethren do not believe that the value ofthe property is mate	rially different as at 31Dece	mber 2020.
	2020	2019
Housing association stock	No,	No.
-for older people, owned Staff units	19	19
	1	1
		20
One ofthe units is used as arespite room.
		Page I6

4	INVESTMENTS
			Transact	United	Deposit
			portfolio	Tntst Bankf	accounts	Total
	Market value:
	1January 2020 Additions Disposals Investment income Management costs Net unrealised gain on investments		624,292 182,653 (234,324) 8,435 (6„445) 28,675	80,285 (50,000) 902		704,721 182,653 (284,324) 9,337 (6,445) 28,675
	31December 2020		603,286	31,187	144	634,617
	31December 2019		624,292	80,285	144	704,721
	On a historical cost basis investments		would be included at:
	31December 2020		599,580	30,285	144	630,009
	31December 2019		648,809	80,285	144	729,238
5	DEBTORS				2020	2019
	Trade debtors Prepayments k.accrued income VAT debtor				6,773 8,364 908	5,700 9,307
					16,045	15,007
6	CASH AT BANK AND IN HAND				2020	2019
	Cash in hand Bank —current account Business reserve accounts Bank deposit accounts —Amenity	fund			93 85,952 8,917	230 500 61,096 10,776
					94,962	72,602
						Page 17

7	CREDITORS: Amounts	due within	one year	2020	2019
	Bank- current account Trade creditors Charitable benefactions administered Taxation gt, social security Accruals 8t, deferred income Other creditors		by Almshouse	4,297 6,148 2,458 3,055 15,208	9,343 2,458 9,186 17,849 500
				31,166	39,336
8	CREDITORS: Amounts	due after more than one year		2020	2019
	Accruals &deferred income: housing		grant	162,083	168,961
9	LOANS			2020	2019
	Housing property finance Homes 4 Coimnunities Agency
10	OPERATING COSTS FROM LETTINGS			Operating	Operating
				costs	costs
				2020	2019
	Housing accommodation	(19units —(2019:19units))
	Sexvices
	Management Maintenance			404,105 45,012	357,915 45,735
				17,261	19,703
				466,378	423,353

ACCUMULATED GENERAL FUND	2020	2019
As at 1 January 2020	778,271	743,247
Deficit for the year (note 1)	(71,878)	(18,220)
Surplus on investment revaluations	28,675	48,280
Transfer from Amenity fund	1,859	4,964
As at 31December 2020	736,927	778,271
AMENITY FUND
As at 1January 2020	10,776	15,740
Transfer to accumulated general fund	(1,859)	(4,964)
As at 31December 2020	8,917	10,776

			Total	Total
			2020	2019f
	As at 1 January 2020		1,614,999	1,614,999
	Movement in year
	As at 31December 2020		1,614,999	1,614,999
14	EMPLOYEES		2020	2019
	Staff costs during the year
	Wages and salaries Steward's salary Social security costs Pension contributions		291,470 6,810 13,078 6,694	256,188 13,030 9,888 6,133
			318,052	285,239
			2020	2019
			No.	No.
	The average number ofpersons employed	was:	25	32

15	CASH FLOWS
			2020	2019
a	Reconciliation ofoperating resnlt to net cash inflow from
	operating activities
	Total gaia/(loss) rccogniscd in the year Depreciation Unrealised gain on fixed asset investment Increase in debtors		(43/03) 11,544 (28,675)	30,060 12,162 (48,281)
	(Decrease)/increase in creditors		(1,037) (12,467)	(2,352) 12,111
	Net cash (outflow)/inflow from operating	activities	(73,838)	3,700
			2020	2019
	Cash flows from investing activities
b	Purchase oftangible fixed assets Purchase ofinvestments			5,890
	Proceeds from sale ofinvestments Investment income		(182,653) 284,324	8,909 (8,752)
	Investment management costs		(9,337) 6,445	8,940 (7.137)
	Net cash inflow from returns on investments finance	and servicing of
			98,779	7,850
			2020	2019
	Financing
	Release ofcapital housing grant		(6,878)	(6,878)
	Net cash (outflow) from financing		(6,878)	(6,878)

Analysis ofnet funds/{debt)	At 1 January		31December
	2020	Cash flow	2020
Bank Debt due after one year Debt due within one year	72,602 {168,961) (6,878)	18,063 6,878	90,665 (162,083) (6,878)
	(103,237)	24,941	(7S,296)