2021-12-31-accounts - The Almshouse Of St John The Baptist And St John The Evangelist

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				2021	2020
			Notes
TllIIlover
Rent and	contributions	receivable	1	372,103	404,228
Operating	costs		1	(437,515)	(483,926)
Operating	deficit			(65,412)	(79,698)
Donations	and legacies			4,608	290
Finance and investment		income		8,030	9,474
Government grants				639	3,227
Investment	management	costs	4	(7,185)	(6,906)
Realised gains from investments			12		1,735
Deficit for	the year		1	(59,320)	(71,878)
Unrealised	gains Rom investments		12	45,226	28,675
Total gains/(loss) recognised in the year				(14,094)	(43,203)

		Notes	2021	2020
FIXEDASSETS
Tangible assets
Housing properties plant and equipment Investment properties			259,483 1,615,000	270,521 1,615,000
		3	1,874,483	1,885,521
1NVESTMENTS		4	655,570	634,617
CURRENT ASSETS
Stocks
Debtors			1,500	1,500
Cash at bank and in hand			29,928 64,452	16,045 94,962
			95,880	112,507
CREDITORS: Amounts	falling due within one year	7	(45,426)	(31,166)
NET CURRENT ASSETS			50,454	81,341
TOTAL ASSETSLESSCURRENT LIABILITIES			2,580,507	2,601,479
CREDITORS: Amounts	falling due after one year	8	(155,205)	(162,083)
			2,425,302	2,439,396
FINANCED BY:
HOUSING PROPERTY FINANCE
EQUITY
Capital and endowment Income and expenditure Amenity fund Revaluation reserve	reserves reserve	12 12	78,552 725,970 5,780 1,614,999	78,552 736,927 8,917 1,614,999
			2,425,302	2,439,396

	Notes	2021	2020
Cash flow from operating activities	15a	(43,608)	(73,838)
Cash flow from investing activities	15b	24,273	98,779
CASH INFLOW/(OUTFLOW) BEFOREHNANCING		(19,335)	24,941
Financing	15c	(6,878)	(6,878)
INCREASE/(DECREASE) IN CASH IN THE YEAR		(26,213)	18,063
RECONCILIATION OFNET CASH FLOW TO MOVEMENT IN
NET FUNDS
Increase/(Decrease) in cash in year		(26,213)	18,063
Cash inflow from decrease in debt		6,878	6,878
Change in net debt resulting in cash flows		(19,335)	24,941
MOVEMENT IN NET FUNDS IN THEYEAR		(19,335)	24,941
NET (DEBT)AT 1JANUARY 2021		(78,296)	(103,237)
NET (DEBT)AT 31DECEMBER 2021	15d	(97,631)	(78,296)

		Operating		Operating
		costs		costs
	Income	202I	Income	2020
Income and expenditure from lettings
Housing accommodation	269,855	440,800	318,823	466,378
Other income and expenditure
Non housing property lettings	102,248	(3,285)	85,405	17,548
	372,103	437815	404,228	483,926
Finance and investment income	8,030		9,474
Donations and legacies	4,608		290
Government grants - CJRS Schemes	639		3,227
Investment management costs		7,185		6,906
Realised gains on investments			1,735
	385,380	444,700	418,954	490,832
Deficit for the year on all funds	59,320		71,878
The operating deficit is stated after charging:
Depreciation —land and buildings			10,284	9,077
Depreciation —fixtures and fittings			754	2,467
Independent examiner's fee
Independent examination fee			3,078	1,200
Other			4,624

rethren do not believe that the value ofthe property i	s materially different as at31Decem	ber 2021.
	2021	2020
	No.	No.
Housing association stock
-for older people, owned	19	19
Staff units	1	1
	20	20

7	CREDITORS: Amounts	due within	one year	2021	2020
	Bank- current account				4,297
	Trade creditors			22,870	6,148
	Charitable benefactions	administered	by Almshouse		2,458
	Taxation &social security			2,596	3,055
	Accruals &deferred income			14,308	15,208
	VAT liability			5,652
				45,426	31,166
8	CREDITORS: Amounts	due after more than one year		2021	2020
	Accruals &deferred income: housing		grant	155,205	162,083
9	LOANS			2021	2020
	Housing property fmance
	Homes &Communities	Agency
10	OPERATING COSTS FROM LETTINGS			Operating	Operating
				costs	costs
				2021	2020
				f.
	Housing accommodation	(19units —(2020:19units))
	Services			340,473	404,105
	Management			81,244	45,012
	Maintenance			19,083	17,261
				440,800	466,378


ACCUMULATED GEN	ERAL FUND	2021	2020
As at 1 January 2021		736,927	778,271
Deficit for the year (note	1)	(59,320)	(71,878)
Surplus on investment revaluations		45,226	28,675
Transfer from Amenity fund		3,137	1,859
As at31December 2021		725,970	736,927
AMENlTY FUND
As at 1January 2021		8,917	10,776
Transfer to accumulated	general fund	(3,137)	(1,859)
As at31December 2021		5,780	8,917

13	REVALUATION RESERVE
			Total	Total
			2021	2020
	As at 1January 2021		1,614,999	1,614,999
	Movement in year
	As at31December 2021		1,614,999	1,614,999
14	EMPLOYEES		2021	2020
	Staffcosts during the year
	Wages and salaries		243,276	291,470
	Steward's salary		29,277	6,810
	Social security costs		12,942	13,078
	Pension contributions		2,555	6,694
			288,050	318,052
			2021	2020
			No.	No.
	The average number ofpersons employed	was:	28	25

15	CASH FLOWS			2021	2020
a	Reconcihation ofoperating result to net		cash inflow from
	operating activities
	Total gain/(loss) recognised in the year			(14,094)	(43,203)
	Depreciation			11,038	11,544
	Unrealised gain on fixed asset investment			(45,226)	(28,675)
	Increase in debtors			(13,883)	(1,037)
	Increase/(Decrease) in creditors			18,557	(12,467)
	Net cash (outflow)/inflow from operating	activities		(43,608)	(73,838)
				2021	2020
	Cash flows from investing activities
b	Purchase oftangible fixed assets
	Purchase ofinvestments				(182,653)
	Proceeds from sale ofinvestments			25,000	284,324
	Investment income			(7,912)	(9,337)
	Investment management costs			7,185	6,445
	Net cash inflow from returns on investments		and servicing of
	finance			24,273	98,779
				2021	2020
	Financing
c	Release ofcapital housing grant			(6,878)	(6,878)
	Net cash (outflow) from financing			(6,878)	(6,878)

Analysis ofnet funds/(debt)	At 1January		At 31December
	2021	Cash flow	2021
		E
Bank	90,665	(26,213)	64,452
Debt due after one year	(162,083)	6,878	(155,205)
Debt due within one year	(6,878)		(6,878)
	(78,296)	(19,340)	(97,631)