## ## ## |||||Page| |---|---|---|---|---| |Significant|information|||| |Trustees'|report|||3-5| |Independent||Examiner's
report||| |Statement|of|Comprehensive|Income|| |Statement|of|Changes
in Reserves||| |Statement|of|Financial Position||| |Statement|of|Cash Flows||10| |Notes to the||Financial Statements||11-18| |The following
page does not form part ofthe Statutory accounts||||| |Apportionment||ofexpenses||19| ## ## ## |Trustees|||||| |---|---|---|---|---|---| |Chairman||||His Grace the Duke ofSomerset FRICS|| |Chairman|- Executive Committee|||Mrs A E Oliver'"|| |Chairman|- Finance||and Building Committees|Mr M Gibson'"|| |Chairman|-Pastoral||Committee|Mrs A Pearson-Gregoryce|| |Other trustees||||Mr C Cooke'"|| |||||Mr R Nocton4|| |||||Dr R Owen-Jones"'|| |||||Mrs J Cowley'|| |||||Mr N Loweth'|| |||||Mrs H Geary'|| |' Executive Committee
' Finance Committee
' Pastoral Committee
' Building Committee|||Members
Members
Members
Members||| |Officers|||||| |Steward||||Mrs L Caterer|| |Warden||||Mrs E Holborow|| |Address||||Duchess ofSomerset's|Hospital| |||||Froxfield|| |||||Wiltshire|| |||||SN8 3LA|| |Charity Number||||202650|| |Homes England||Number||A3036|| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||Notes|Notes|2021||2020| |---|---|---|---|---|---|---| |||||||(as restated)| |||||||F| |TURNOVER||||||| |Income||||||| |Maintenance
contributions|from residents||||255,192|249,900| |Less: Losses from voids|||||(12,325)|(10,973)| ||||||242,867|238,927| |OPERATING INCOME|||||41,881|15,404| |OPERATING EXPENDITURE||||||| |Services||||133,482||126,592| |Management
Repairs and servicing
Extraordinary
maintenance
Depreciation
Deficit / (surplus)
on disposal oftangible assets||||39,099
39,336
54,506
32,825||40,483
35,573
45,761
31,300
(2,289)| ||||||(299,248)|(277,420)| |OPERATING DEFICIT|||||(14,500)|(23,089)| |Surplus
/ (deficit) on investment
disposals
Release ofdeferred
capital grant re property
Release ofdeferred
capital grant re plant|||||6,184
3,960
2,880|(17,433)
3,960
2,880| |Deficit on ordinary
activities|before interest and|taxation|||(1,476)|(33,682)| |Interest receivable
and other income|||||28,059|21,194| |Investment
expenses|||||(2,487)|(2,855)| |SURPLUS/(DEFICIT) FOR THE YEAR|||6||24,096|(15,343)| |Unrealised
surplus
/(deficit)|on investments||||77,153|(14,329)| |TOTAL COMPREHENSIVE|(DEFICIT) / INCOME||FOR|THE YEAR|101,249|(29,672)| ## ## ## ||||Investments|Investments||| |---|---|---|---|---|---|---| ||||revaluation|realised|Unrestricted|| ||||reserve|reserve|general
fund|2021| ||||6|||6| |Brought forward as at 1 January 2021 as previously|||155,768|372,222|536,062|1,064,052| |stated||||||| |Prior year adjustments
(note 15)|||||169,633|169,633| |Brought forward as at 1 January 2021 as restated|||155,768|372,222|705,695|1,233,685| |Surplus for the year|||||24,096|24,096| |Transfer from Investments|revaluation|reserve|(5,312)|5,312||| |Transfer to Investment
realised reserve||||6,183|(6,183)|| |Unrealised
loss in the year|||77,153|||77,153| |Carried forward as at 31 December 2021|||227,609|383,717|723,608|1,334,934| ||||||Note 14|| ||||Investments|Investments||| ||||revaluation|realised|Unrestncted|| ||||reserve|reserve|general
fund|2020| ||||||(as restated)|(as restated)| ||||||6|F| |Brought forward as at 1 January 2020|||204,965|354,787|703,605|1,263,357| |Deficit for the year|||||(15,343)|(15,343)| |Transfer from Investments|revaluation|reserve|(34,868)|34,868||| |Transfer to Investment
realised reserve||||(17,433)|17,433|| |Unrealised
gain in the year|||(14,329)|||(14,329)| |Carried forward as at 31 December 2020|||155,768|372,222|705,695|1,233,685| ## ## ## ||||Notes|2021|||2020| |---|---|---|---|---|---|---|---| ||||||||(as restated)| |||||||6|8| |FIXEDASSETS|||||||| |Housing
properties|||||628,988||470,864| |Other fixed assets|||||||| |Cost|||8|372,172||368,516|| |Less: Accumulated|depreciation||8|(257,100)||(232,276)|| ||||||115,072||136,240| |Investments|||||759,690||821,084| ||||||1,503,750||1,428,188| |CURRENT ASSETS|||||||| |Trade and other debtors|||10|57,057||12,113|| |Cash at bank and
in|hand||11|53,557||73,636|| |||||110,614||85,749|| |Less:|||||||| |Creditors: Amounts|falling due within one||||||| |year|||12|(28,423)||(22,405)|| |NET CURRENT ASSETS|||||82,191||63,344| |TOTAL ASSETS LESS||CURRENT LIABILITIES|||1,585,941||1,491,532| |CREDITORS: Amounts||falling due after more|than||||| |one year|||13||(251,007)||(257,847)| |NET ASSETS|||||1,334,934||1,233,685| |CAPITAL AND RESERVES|||||||| |Income and expenditure||account|14||723,608||705,695| |Investments
realised|reserve||Page 8||383,717||372,222| |Investments
revaluation||reserve|Page 8||227,609||155,768| ||||||1,334,934||1,233,685| ## ## ## |||2021|2020| |---|---|---|---| ||||(as restated)| ||||6| |Net cash generated
from operating
activities (See Note 1)||(18,122)|12,568| |Cash flow from investing
activities|||| |Purchase
oftangible
fixed assets
Proceeds from sale offixed assets||(169,781)|(176,732)
2,500| |Purchase ofinvestments||(18,179)|(2,384)| |Proceeds from sale of investments
Investment
income received||51,380
23,094|160,901
19,159| |Net change
in cash and cash equivalents||(131,608)|16,012| |Cash and cash equivalents
at beginning|ofthe year|187,120|171,108| |Cash and cash equivalents
at end ofthe year||55,512|187,120| |Note 1|||| |Cash flow from operating
activities|||| |Total comprehensive
(deficit) / income for the year||101,249|(29,672)| |Adjustment
for noncash
items:|||| |Unrealised
(surplus)/deficit
on investment
Depreciation
oftangible fixed assets
(Profit)/loss
on disposal oftangible assets
Amortisation
ofgovernment
grants
Decrease/(Increase)
in trade and other debtors
Increase/(decrease)
in trade creditors and other creditors||(77,153)
32,825
(6,840)
(44,944)
6,019|14,329
31,300
(2,289)
(6,840)
(1,191)
8,657| |Adjustments
for investing
or financing|activities:||| |(Profit)/loss
on disposal of investments
Investment
income receivable||(6,184)
(23,094)|17,433
(19,159)| |||(18,122)|12,568| |Note 2|||| |Cash and cash equivalents
Cash included
in investments||1,955|113,484| |Cash at bank and in hand||53,557|73,636| |||55,512|187,120| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |EMPLO|YEE INFORMATION|||| |---|---|---|---|---| |||2021||2020| |||||(as restated)| |The average weekly number ofpersons||No.||No.| |employed|during the year was-|||| |Warden||||| |Steward|and other staff|||| |Wages and salaries
Social security costs||44,687
133||45,591
709| |Pension|costs|1,341||1,368| |||46,161||47,668| ## ## ## |5.|INTEREST RECEIVABLE|AND OTHE|R IN|C|OME|||| |---|---|---|---|---|---|---|---|---| |||||||2021||2020| |||||||||(as restated)| |||||||||6| ||Bank deposit interest|||||||20| ||Investment
income|||||23,094||19,139| |||||||23,094||19,159| ||Rent from land||||||910|240| ||Other income|||||4,055||1,795| |||||||28,059||21,194| ||Investments
are managed|on atotal return||basis.||||| |6.|DEFICIT ON ORDINARY|ACTIVITIES|BEFORETAXATION|||||| |||||||2021||2020| |||||||||(as restated)| ||Deficit on Ordinary
activities before taxation|||||||6| ||is stated after charging-|||||||| ||Depreciation - Tangible fixed assets|||||32,825||29,587| ||Independent
examiners fees (including||VAT)|||||| ||In their capacity as independent||||examiners|1,800||1,750| ||In respect of other services|||||7,250||7,007| |7.|HOUSING PROPERTIES|- Freehold||||||| |||||||||Housing| |||||||||Properties| |||||||||6| ||COST|||||||| ||At I January 2021 as restated|||||||633,894| ||Additions|||||||166,125| ||At 31 December 2021|||||||800,019| ||DEPRECIATION|||||||| ||At 1 January 2021 as restated|||||||163,030| ||Charge for the year|||||||8,001| ||At 31 December 2021|||||||171,031| ||NET BOOK VALUE|||||||| ||At 31 December 2021|||||||628,988| ||At 31 December 2020 as|restated||||||470,864| ## ## ## ## ## ## ## ## ## |10.|DEBTORS||||||| |---|---|---|---|---|---|---|---| |||||||2021|2020| ||||||||(as restated)| ||Arrears ofmaintenance||contributions|||1,958|1,424| ||Prepayments
Other debtors|and accrued||income||51,353
3,746|9,663
1,026| |||||||57,057|12,113| |11.|CASH AT BANK AND||IN|HAND &|CASH EQUIVALENT||| |||||||2021|2020| ||||||||(as restated)| ||||||||8| ||General funds|||||33,224|48,013| ||Extraordinary
Convalescent|repair fund
and benefit||fund||13,584
6,749|18,874
6,749| |||||||53,557|73,636| |12.|CREDITORS:
Amounts|||falling due within one year|||| |||||||2021|2020| ||||||||(as restated)| ||Maintenance|contributions||received|in advance|661|350| ||Accruals|||||19,096|13,423| ||Other creditors|||||1,827|1,793| ||Deferred capital grants
Deferred capital grants||re
re|property
plant||3,959
2,880|3,959
2,880| |||||||28,423|22,405| |13.|CREDITORS:
Amounts|||falling due after more than one year|||| |||||||2021|2020| ||||||||(as restated)| ||||||||6| ||Deferred capital grants
Deferred capital grants||re
re|property
plant||242,355
8,652|246,315
11,532| |||||||251,007|257,847| ## ## ## ## ## |UNRESTRICTEDGENERALFUND||||||| |---|---|---|---|---|---|---| |||||DDiD
t dF|d|| ||||Income|Extra-
Convales-||| ||||&|ordinary
cent and||| |||Expenditure||Repairs
Benefits||| ||||Account|Reserve|Fund|2021| ||||K|E|8|K| |Balance at 1 January 2021 as previously|||198,943|330,370|6749|536,062| |stated
Prior year adjustments
(note 15)|||(1,713)|171,346||169,633| |Surplus for the year
Transfer to Investment
realised reserve|||197,230
24,096
(6,183)|501,716|6,749|705,695
24,096
(6,183)| |Transfer from Income & expenditure|account||(7,1 01)|7,101||| |Balance at 31 December 2021|||208,042|508,817|6,749|723,608| |Transfer from/(to)
Income &expenditure
Repair provision
transfers
Investment
income||account||41,000
23,094||41,000
23,094| |Investment
expenses
Less: Expenditure||||(2,487)
(54,506)||(2,487)
(54,506)| |||||7,101||7,101| |||||~Di
tdF|d|| ||||Income|Extra-
Convales-||| ||||8|ordinary
cent and||| |||Expenditure
Account||Repairs
Benefits
Reserve
Fund||2020| |||(as restated)
F||(as restated)
(as|restated)
E|(as restated)
5| |Balance at 1 January 2020
Deficit for the year
Transfer to Investment
realised reserve|||206,663
(15,343)
17,433|490193|6749|703,605
(15,343)
17,433| |Transfer from Income & expenditure|account||(11,523)|11,523||| |Balance at 31 December 2020|||197,230|501,716|6,749|705,695| |Transfer from/(to)
Income 8 expenditure
Repair provision transfers
Investment
income||account||41,000
19,139||41,000
19,139| |Investment
expenses
Less: Expenditure||||(2,855)
(45,761)||(2,855)
(45,761)| |||||11,523||11,523| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||2021|||2020|| |---|---|---|---|---|---|---|---| |||||Manage-|||Manage-| |||Totalf|Services
f|mentf|Totalf|Services
f|ment
f| |SALARIES AND STAFF EXPENSES|||||||| |Warden
(75'/0 '.25'/o)||25,394|19,046|6,348|26,174|19,631|6,543| |Steward
&secretarial||20,767||20,767|21,493||21,493| |Chaplain
Warden call cover||3,184
7,851|3,184
7,851||3,790
7,938|3,790
7,938|| |ESTABLISHMENT EXPENSES|||||||| |Central heating fuel||41,740|41,740||38737|38737|| |Property insurance
General and water rates||10,191
2,731|10,191
2,731||9,555
2,920|9,555
2,920|| |Electricity charges
Garden expenses
Website and computer costs||14,382
20,423
351|14,382
20,423
351||10,040
18,222
392|10,040
18,222
392|| |GENERAL EXPENSES|||||||| |Convalescent
contributions|etc.|1,597|1,597||2,917|2,917|| |Telephone
charges less receipts
Accountancy
Administration
and stationery
Generalexpenses
Professional fees||3,575
9,050
614
3,333
6,798|1,788
4,525
307
1,667
3,399|1,787
4,525
307
1,666
3,399|3,307
8,757
408
6,708
5,117|1,654
4,379
204
3,354
2,559|1,653
4,378
204
3,354
2,558| |Trustee expenses||600|300|300|600|300|300| |TOTAL EXPENSES||172,581|133,482|39,099|167,075|126,592|40,483|