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|---|---|---|---|
|Significant|information||1-2|
|Trustees' report|||3-5|
|Independent|Examiner's
report|||
|Statement|ofComprehensive|Income||
|Statement|of Changes
in Reserves|||
|Statement|of Financial
Position|||
|Statement|ofCash Flows||10|
|Notes to the Financial Statements|||11-18|
|The following
page does not form part ofthe Statutory accounts||||
|Apportionment
ofexpenses||||
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|' Executive Committee
' Finance Committee
' Pastoral Committee|' Executive Committee
' Finance Committee
' Pastoral Committee|Members
Members
Members|||
|---|---|---|---|---|
|4 Building Committee||Members|||
|Officers|||||
|Steward|||Mrs LCaterer||
|Warden|||Mrs E Holborow||
|Address|||Duchess ofSomerset's|Hospital|
||||Froxfield||
||||Wiltshire||
||||SN8 3LA||
|Charity Number|||202650||
|Homes England|Number||A3036||
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|||Notes|2020|2019|
|---|---|---|---|---|
|TURNOVER|||||
|Income|||||
|Maintenance
contributions|from residents||249,900|244,608|
|Less: Losses from voids|||(10,973)|(6,065)|
||||238,927|238,543|
|OPERATING INCOME|||15,404|29,495|
|OPERATING EXPENDITURE|||||
|Services|||126,592|131,797|
|Management|||40,483|41,535|
|Repairs and servicing|||35,573|32,777|
|Extraordinary
maintenance|||217,107|137,448|
|Depreciation|||29,587|29,478|
|(Surplus)
/ deficit on disposal oftangible assets|||(2,289)||
||||(447,053)|(373,035)|
|OPERATING DEFICIT|||(192,722)|(104,997)|
|(Deficit) / surplus
on investment
disposals|||(17,433)|16,788|
|Release ofdeferred
capital|grant re property||3,960|3,960|
|Release ofdeferred
capital|grant re plant||2,880|2,880|
|Deficit on ordinary
activities|before interest and taxation||(203,315)|(81,369)|
|Interest receivable
and other income|||21,194|37,194|
|Investment
expenses|||(2,855)|(3,190)|
|DEFICIT FOR THE YEAR|||(184,976)|(47,365)|
|Unrealised
(deficit) / surplus|on investments||(14,329)|105,874|
|TOTAL COMPREHENSIVE|(DEFICIT) / INCOME FOR|THE YEAR|(199,305)|58,509|
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||||Investments|Investments|||
|---|---|---|---|---|---|---|
||||revaluation|realised|Unrestricted||
||||reserve|reserve|general fund|2020|
||||6|6|6|6|
|Brought forward as at 1 January 2020|||204,965|354,787|703,605|1,263,357|
|Deficit for the year|||||(184,976)|(184,976)|
|Transfer from Investments|revaluation|reserve|(34,868)|34,868|||
|Transfer to Investment
realised reserve||||(17,433)|17,433||
|Unrealised
loss in the year|||(14,329)|||(14,329)|
|Carried forward as at 31 December 2020|||155,768|372,222|536,062|1,064,052|
||||||Note 14||
||||Investments|Investments|||
||||revaluation|realised|Unrestricted||
||||reserve|reserve|general fund|2019|
||||6|6|6|6|
|Brought forward as at 1 January 2019|||100,482|336,608|764,568|1,201,658|
|Deficit for the year|||||(44,175)|(44,175)|
|Transfer from Investments|revaluation|reserve|(1,391)|1,391|||
|Transfer to Investment
realised reserve||||16,788|(16,788)||
|Unrealised
gain in the year|||105,874|||105,874|
|Gamed forward as at 31 December 2019|||204,965|354,787|703,605|1,263,357|
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||||2020|2019|
|---|---|---|---|---|
||||6|8|
|Net cash generated
from operating
activities (See Note 1)|||(158,778)|(74,543)|
|Cash flow from investing
activities|||||
|Purchase oftangible fixed assets|||(5,386)|(5,954)|
|Proceeds from sale offixed assets|||2,500||
|Purchase ofinvestments|||(2,384)|(33,923)|
|Proceeds from sale ofinvestments|||160,901|100,497|
|Investment
income received net offees|||19,159|32,870|
|Net change
in cash and cash equivalents|||16,012|18,947|
|Cash and cash equivalents
at beginning||ofthe year|171,108|148,971|
|Cash and cash equivalents
at end ofthe||year|187,120|167,918|
|Note 1|||||
|Cash flow from operating
activities|||||
|Total comprehensive
(deficit) / income|for the year||(199,305)|58,509|
|Adjustment
for non-cash
items:|||||
|Unrealised
(surplus)/deficit
on investment|||14,329|(105,874)|
|Depreciation
oftangible
fixed assets|||29,587|29,478|
|(Profit)/loss
on disposal oftangible assets|||(2,289)||
|Amortisation
ofgovernment
grants|||(6,840)|(6,840)|
|Decrease/(Increase)
in trade and other debtors|||(1,191)|609|
|Increase/(decrease)
in trade creditors and other creditors|||8,657|(767)|
|Adjustments
for Investing orfinancing|activities:||||
|(Profit)/loss
on disposal ofinvestments|||17,433|(16,788)|
|Investment
income receivable
net offees|||(19,159)|(32,870)|
||||i15877iri|(74,543)|
|Note 2|||||
|Cash and cash equivalents|||||
|Cash included
in investments|||113,484|61,076|
|Cash at bank and in hand|||73,636|110,032|
||||187,120|171,108|
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|||2020|2019|
|---|---|---|---|
|The average weekly number ofpersons||No.|No.|
|employed|during the year was-|||
|Warden||||
|Steward|and other staff|||
|Wages snd salaries||45,591|42,330|
|Social security costs||709|431|
|Pension|costs|1,368|1,176|
|||47,668|43,937|
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||||2020|2019|
|---|---|---|---|---|
||||6||
|Bank deposit interest|||20||
|Investment
income|||19,139|36,016|
||||19,159|36,060|
|Rent from land|||240|637|
|Other income|||1,795|3,687|
||||21,194|40,384|
|Investments
are managed
on a total return||basis.|||
|DEFICIT ON ORDINARY ACTIVITIES|BEFORETAXATION||||
||||2020|2019|
|Deficit on Ordinary
activities before taxation|||6|6|
|is stated after charging-|||||
|Depreciation - Tangible fixed assets|||29,587|29,478|
|Independent
examiners fees (including|VAT)||||
|In their capacity as independent||examiners|1,750|1,750|
|In respect ofother services|||7,007|6,572|
|HOUSING PROPERTIES - Freehold|||||
|||||Housing|
|||||Properties|
|||||6|
|COST|||||
|At 1 January2020||||462,548|
|Additions|||||
|At 31 December 2020||||462,548|
|DEPRECIATION|||||
|At 1 January2020||||156,691|
|Charge for the year||||4,626|
|At 31 December 2020||||161,317|
|NET BOOK VALUE|||||
|At 31 December 2020||||301,231|
|At 31 December 2019||||305,857|
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|OTHER FIXEDASSETS|||||
|---|---|---|---|---|
||||Fixtures||
|||Plant and|and||
|||machinery
6|fittings
f|Total
6|
|COST|||||
|At 1 January 2020||309,256|55,622|364,878|
|Additions|||5,386|5,386|
|Disposals|||(1,748)|(1,748)|
|At 31 December 2020||309,256|59,260|368,516|
|DEPRECIATION|||||
|At 1 January 2020||178,526|30,326|208,852|
|Charge for the year||20,389|4,572|24,961|
|Disposals|||(1,537)|(1,537)|
|At 31 December 2020||198,915|33,361|232,276|
|NET BOOK VALUE|||||
|At 31 December 2020||110,341|25,899|136,240|
|At 31 December 2019||130,730|25,296|156,026|
|FIXEDASSET INVESTMENTS|||||
||2020|2019|2020|2019|
||6|6|6|6|
||Market|value|Cost||
|Share porffolio at 31 December|707,600|897,879|551,833|692,915|
|Cash held|113,484|61,076|113,484|61,076|
||821,084|958,955|665,317|753,991|
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|10.|DEBTORS||||||||
|---|---|---|---|---|---|---|---|---|
||||||||2020|2019|
||||||||6||
||Arrears of maintenance|||contributions|||1,424|663|
||Prepayments|and accrued|||income||9,663|9,449|
||Other debtors||||||1,026|810|
||||||||12,113|10,922|
|11.|CASH AT BANK AND IN||||HAND &CASH EQUIVALENT||||
||||||||2020|2019|
||||||||8||
||Generalfunds||||||25,140|48,781|
||Extraordinary|repair fund|||||41,747|54,502|
||Convalescent|and benefit|||fund||6,749|6,749|
||||||||73,636|110,032|
|12.|CREDITORS:||Amounts||falling due within one year||||
||||||||2020|2019|
|||||||||6|
||Maintenance|contributions|||received|in advance|350|359|
||Accruals||||||13,423|4,794|
||Other creditors||||||1,793|1,756|
||Deferred capital grants re||||property||3,959|3,959|
||Defened capital grants re||||plant||2,880|2,880|
||||||||22,405|13,748|
|13.|CREDITORS:||Amounts||falling due after more than one year||||
||||||||2020|2019|
|||||||||6|
||Deferred capital||grants re||property||246,315|250,275|
||Deferred capital||grants re||plant||11,532|14,412|
||||||||257,847|264,687|
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|UNRESTRICTED GENERAL FUND|UNRESTRICTED GENERAL FUND|UNRESTRICTED GENERAL FUND||||0~Ii|dF|d||
|---|---|---|---|---|---|---|---|---|---|
||||||Income|Extra-|Convales-|||
||||||&|ordinary|cent and|||
||||||Expenditure|Repairs|Benefits|||
||||||Account|Reserve|Fund||2020|
|||||||8||8|8|
|Balance at 1 January|2020||||206,663|490,193||6,749|703,605|
|Deficit for the year|||||(184,976)||||(184,976)|
|Transfer to Investment|realised reserve||||17,433||||17,433|
|Transfer from Income|&expenditure||account||156,968|(156,968)||||
|Balance at 31 December 2020|||||196,088|333,225||6,749|536,062|
|Transfer from/(to)
Income &||expenditure||account||||||
|Repair provision||transfers||||41,000|||41,000|
|Investment|income less fees|||||19,139|||19,139|
|Less: Expenditure||||||(217,107)|||(217,107)|
|||||||(156,968)||-|(156,968)|
|||||||~di
«dF||d||
||||||Income|Extra-|Convales-|||
|||||||ordinary|cent and|||
||||||Expenditure|Repairs|Benefits|||
||||||Account|Reserve|Fund||2019|
|||||||f||8|9|
|Balance at 1 January|2019||||204,004|553,815||6,749|764,568|
|Deficit for the year|||||(44,175)||||(44,175)|
|Transfer to Investment|realised reserve||||(16,788)||||(16,788)|
|Transfer from Income|&expenditure||account||63,622|(63,622)||||
|Balance at 31 December 2019|||||206,663|490,193||6,749|703,605|
|Transfer from/(to)
Income &||expenditure||account||||||
|Repair provision transfers||||||41,000|||41,000|
|Investment|income less fees|||||32,826|||32,826|
|Less: Expenditure||||||(137,448)|||(137,448)|
|||||||(63,622)||-|(63,622)|
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||||2020|||2019||
|---|---|---|---|---|---|---|---|
|||||Manage-|||Menage-|
|||Total
f|Services
f|ment
f|Total
f|Services
f|ment
f|
|SALARIES AND STAFF|EXPENSES|||||||
|Warden
(75'/o .25'/x)
Steward &secretarial||26,174
21,493|19,631|6,543
21,493|26,367
20,230|19,775|6,592
20,230|
|Chaplain||3,790|3,790|-|3,781|3,781||
|Warden
call cover||7,938|7,938||7,948|7,948||
|ESTABLISHMENT EXPENSES||||||||
|Central heating fuel||38,737|38,737||42,955|42,955||
|Property insurance||9,555|9,555||9,159|9,159||
|General and water rates||2,920|2,920||4,081|4,081||
|Electricity charges||10,040|10,040||10,781|10,781||
|Garden expenses||18,222|18,222||16,452|16,452||
|Website and computer costs||392|392||509|509||
|GENERAL EXPENSES||||||||
|Convalescent
contributions|etc.|2,917|2,917||1,418|1,418||
|Warden
training
(75'/s .25'/x)|||||444|333|111|
|Telephone charges less receipts||3,307|1,654|1,653|2,438|1,219|1,219|
|Accountancy||8,757|4,379|4,378|8,322|4,161|4,161|
|Administration
and stationery||408|204|204|871|436|435|
|General expenses
Consultancy
fees
Trustee expenses||6,708
5,117
600|3,354
2,559
300|3,354
2,558
300|3,543
13,433
600|1,772
6,717
300|1,771
6,716
300|
|TOTAL EXPENSES||167,075|126,592|40,483|173,332|131,797|41,535|