| Pages | ||
|---|---|---|
| Trustees' annual report |
1to5 | |
| Independent auditor's |
report to the members | 6to 8 |
| Statement offinancial | activities | |
| Statement offinancial | position | 10 |
| Notes to the financial | statements | 11to 23 |
| 2020 | 2020 | 2019 | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | |||||
| funds | funds | funds | Total funds | Total funds | |||
| Note | 6 | 6 | 6 | 6 | 6 | ||
| Income and endowments | |||||||
| Investment income |
4 | 301,263 | 301,263 | 314,180 | |||
| Other income | 5 | 2,630 | 2,630 | 7,220 | |||
| Total income | 303,893 | 303,893 | 321,400 | ||||
| Expenditure | |||||||
| Expenditure on |
raising funds: | ||||||
| Costs of raising | |||||||
| donations | and | ||||||
| legacies | 6 | 9,573 | 9,573 | 8,793 | |||
| Expenditure on |
|||||||
| charitable activities |
7,8 | 205,426 | 205,426 | 195,922 | |||
| Total expenditure | 214,999 | 214,999 | 204,715 | ||||
| Net gairis on | |||||||
| investments | (6,470) | (47,528) | (53,998) | (83,986) | |||
| Net income | 88,894 | 6,470 | 47,528 | 142,892 | 200,671 | ||
| Transfers between funds |
(8,180) | 4,031 | 4,149 | ||||
| Net movement | in funds | 80,714 | 10,501 | 51,677 | 142,892 | 200,671 | |
| Reconciliation | offunds | ||||||
| Total funds brought forward |
442,213 | 90,374 | 6,858,842 | 7,391,429 | 7,190,758 | ||
| Total funds carried forward | 522,927 | 100,875 | 6,910,519 | 7,534,321 | 7,391,429 |
| Note | 2020 6 |
2019 f |
||||
|---|---|---|---|---|---|---|
| Fixed assets | ||||||
| Tangible fixed assets | 16 | 606,234 | 611,830 | |||
| Heritage assets | 17 | 158,991 | 158,991 | |||
| Investments | 18 | 6,473,002 | 6,410,825 | |||
| 7,238,227 | 7,181,646 | |||||
| Current assets | ||||||
| Debtors | 19 | 4,486 | 4,951 | |||
| Investments | 20 | 122 | 122 | |||
| Cash at bank and in | hand | 300,967 | 214,191 | |||
| 305,575 | 219,264 | |||||
| Creditors: amounts | falling | due within one year | 21 | 9,481 | 9,481 | |
| Net current assets | 296,094 | 209,783 | ||||
| Total assets less current | liabilities | 7,534,321 | 7,391,429 | |||
| Funds ofthe charity | ||||||
| Endowment funds |
6,910,519 | 6,858,842 | ||||
| Restricted funds | 100,875 | 90,374 | ||||
| Unrestricted funds |
522,927 | 442,213 | ||||
| Total charity funds | 22 | '7,534,321 | 7,391,429 |
| 4. | Investment | i | ncome | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||||
| Funds | 2020 | Funds | 2019 | ||||||
| 5 | 6 | E | |||||||
| Income from | investment | properties | 271,352 | 271,352 | 284,857 | 284,857 | |||
| Income from | CCLA investments | 29,911 | 29,911 | 29,323 | 29,323 | ||||
| 301,263 | 301,263 | 314,180 | 314,180 | ||||||
| 5. | Other income | ||||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||||
| Funds | 2020 R |
Funds | 2019 f |
||||||
| Other income | from charitable | activities | 2,830 | 2,630 | 7,220 | 7,220 | |||
| 6. | Costs ofraising donations | and legacies | |||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||||
| Funds F |
2020 6 |
Funds | 2019 f |
||||||
| Investment | management | costs | 9,573 | 9,573 | 8,793 | 8,793 | |||
| 7. | Expenditure | on charitable | activities by | fund type | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||||
| Funds | 2020 | Funds | 2019 | ||||||
| 8 | |||||||||
| Townlands | 158,577 | 158,577 | 149,105 | 149,105 | |||||
| Almshouses | 26,773 | 26,773 | 28,522 | 28,522 | |||||
| Supportcosts | 20,078 | 20,076 | 18,295 | 18,295 | |||||
| 205,426 | 205,426 | 195,922 | 195,922 |
| Activities | |||||||
|---|---|---|---|---|---|---|---|
| undertaken | Grant | funding | Total funds | Total fund | |||
| directly | of | activities | Support costs | 2020 | 2019 | ||
| F | r. | ||||||
| Townlands | 79,304 | 79,273 | 11,120 | 169,697 | 159,676 | ||
| Almshouses | 26,773 | 3,754 | 30,527 | 31,956 | |||
| Governance | costs | 5,202 | 5,202 | 4,290 | |||
| 106,077 | 79,273 | 20,078 | 205,426 | 195,922 |
| Townslands | Almshouses | Total 2020 f |
Total 2019 f |
|||||
|---|---|---|---|---|---|---|---|---|
| General office | 3,339 | 922 | 4,261 | 3,813 | ||||
| Finance costs | 59 | 59 | 62 | |||||
| Other establishment | 1,266 | 1,266 | 648 | |||||
| Other costs | 3,069 | 3,069 | 4,306 | |||||
| Legal and professional | fees | 3,387 | 3,387 | 2,650 | ||||
| Insurance | 2,832 | 2,832 | 2,526 | |||||
| 11,120 | 3,754 | 14,874 | 14,005 | |||||
| 10. | Analysis ofgrants | |||||||
| 2020 f |
2019 f |
|||||||
| Grants to institutions | ||||||||
| Grants to institutions | 56,225 | 46,680 | ||||||
| Total grants | 56,225 | 46,680 | ||||||
| 11. | Net gains on | investments | ||||||
| Restricted | Endowment | Total Funds | ||||||
| Funds f |
Funds f |
2020 | ||||||
| Gains/(losses) | on investment | assets | 6,470 | 47,528 | 53,998 | |||
| Restricted | Endowment | Total Funds | ||||||
| Funds F |
Funds f |
2019 | ||||||
| Gains/(losses) | on investment | assets | 8,470 | 75,516 | 83,986 | |||
| 12. | Net income | |||||||
| Net income is |
stated after charging/(crediting): | |||||||
| 2020 f |
2019 f |
|||||||
| Oepreciation oftangible |
fixed | assets | 5,596 | 5,596 | ||||
| 13. | Auditors remuneration |
|||||||
| 2020 f |
2019 | |||||||
| Fees payable | for the audit of | the financial | statements | 2,601 | 2,145 |
| Staff costs | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| The total staff | costs | and employee | benefits for | the reporting | period are | analysed as follows: |
||||
| 2020 | 2019 | |||||||||
| K | ||||||||||
| Wages and salaries | 55,453 | 54,267 | ||||||||
| The average | head | count of employees | during | the year was 4 (2019:4).The average | number | of | ||||
| full-time equivalent |
employees | during | the year | is analysed | as follows: | |||||
| 2020 | 2019 | |||||||||
| No. | No. | |||||||||
| Number of staff | 4 | 4 | ||||||||
| No employee | received employee | benefits of more than 260,000 during | the year (2019: | Nil), |
| Tangible fixed assets | |||
|---|---|---|---|
| Land and | |||
| buildings | Equipment | Total | |
| E | |||
| Cost | |||
| At 1 October 2019and 30September 2020 | 639,810 | 25,339 | 665,149 |
| Depreciation | |||
| At 1 October 2019 | 27,980 | 25,339 | 53,319 |
| Charge for the year | 5,596 | 5,596 | |
| At 30September 2020 | 33,576 | 25,339 | 58,915 |
| Carrying amount |
|||
| At 30September 2020 | 606,234 | 606,234 | |
| At 30September 2019 | 611,830 | 611,830 |
| Paintings | |
|---|---|
| Cost or valuation | |
| At 1 October 2019and 30September 2020 | 158,991 |
| Accumulated depreciation |
|
| At 1 October 2019and 30September 2020 | |
| Carrying amount |
|
| At 30September 2020 |
158,991 |
| At 30September 2019 | 158,991 |
| Investments | ||||
|---|---|---|---|---|
| Investment | Other | |||
| properties | investments | Total | ||
| 5 | ||||
| Cost or valuation | ||||
| At 1 October 2019 | 5,156,882 | 1,253,943 | 6,410,825 | |
| Additions | 4,179 | 4,000 | 8,179 | |
| Fair value movements | 53,998 | 53,998 | ||
| At 30September | 2020 | 5,161,061 | 1,311,941 | 6,473,002 |
| Impairment At 1 October 2019and 30September 2020 |
||||
| Carrying amount |
||||
| At 30September | 2020 | 5,161,061 | 1,311,941 | 6,473,002 |
| At 30September 2019 | 5,156,882 | 1,253,943 | 6,410,825 |
| 19. | investments cannot Debtors |
be provided. | ||
|---|---|---|---|---|
| 2020 | 2019 | |||
| 8 | r | |||
| Other debtors | 4,486 | 4,951 | ||
| 20. | Investments | |||
| 2020 f |
2019 L' |
|||
| CCLA Investments | 122 | 122 | ||
| 21. | Creditors: amounts | falling due within one year | ||
| 2020 | 2019 | |||
| 8 | E | |||
| Other creditors | 9,481 | 9,481 |
| Analysis of | charita | bl | e funds |
||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | funds | ||||||||
| At | Gains and | At | |||||||
| 1 | Oct 2019 f |
Income | Expenditure F |
Transfers 8 |
losses f |
)0Sep 2020 6 |
|||
| Fixed Assets | fund | 251,831 | (5,596) | (1) | 246,234 | ||||
| General Funds |
190,382 | 303,893 | (209,403) | (8,179) | 276,693 | ||||
| 442,213 | 303,893 | (214,999) | (8,180) | 522,927 | |||||
| At | Gains and | At | |||||||
| 1 Oct 2018 f |
Income f |
Expenditure 6 |
Transfers 8 |
losses F |
30Sep 2019 5 |
||||
| Fixed Assets | fund | 257,427 | (5,596) | 251,831 | |||||
| General Funds |
83,675 | 321,400 | (199,119) | (15,574) | 190,382 | ||||
| 341,102 | 321,400 | (204,715) | (15,574) | 442,213 | |||||
| Restricted funds | ' | ||||||||
| At | Gains and | At | |||||||
| 1 Oct 2019 8 |
Income E |
Expenditure | Transfers | losses f |
30Sep 2020 6 |
||||
| Almshouse- | |||||||||
| Extraordinary | |||||||||
| Repair Fund | 90,374 | 4,031 | 6,470 | 100,875 | |||||
| At | Gains and | At | |||||||
| 1 Oct 2018 E |
Income 6 |
Expenditure | Transfers f |
losses E |
30Sep 2019 8 |
||||
| Almshouse- | |||||||||
| Extraordinary | |||||||||
| Repair Fund | 77,904 | 4,000 | 8,470 | 90,374 |
| 22. | Analysis ofcharitable funds | Analysis ofcharitable funds | (cont | nuns) | ||||
|---|---|---|---|---|---|---|---|---|
| Endowment funds |
||||||||
| At | Gains and | At | ||||||
| 1 Oct 2019 | Income | Expenditure | Transfers | losses 30Sep 2020 | ||||
| F | 6 | E | ||||||
| Town Lands- | ||||||||
| Endowed | ||||||||
| Investment Fund |
5,241,225 | (19,005) | 42,551 | 5,264,771 | ||||
| Town Lands- | ||||||||
| Endowed Historic |
||||||||
| Property Fund |
158,990 | 158,991 | ||||||
| Almshouses- | ||||||||
| Investment Fund |
108,829 | 20,100 | 4,977 | 133,906 | ||||
| Almshouses- | ||||||||
| Investment | ||||||||
| Property Fund |
989,802 | 3,049 | 992,851 | |||||
| Almshouses- | ||||||||
| Property Fund |
359,996 | 360,000 | ||||||
| 6;858,842 | 4,149 | 47,528 | 6,910,519 | |||||
| At | Gains and | ' At | ||||||
| 1 Oct 2018 | Income | Expenditure | Transfers | losses 30Sep 2019 | ||||
| 6 | 6 | 5 | F | |||||
| Town Lands- | ||||||||
| Endowed | ||||||||
| Investment Fund |
5,165,641 | 8,172 | 67,412 | 5,241,225 | ||||
| Town Lands- | ||||||||
| Endowed Historic |
||||||||
| Property Fund |
158,990 | 158,990 | ||||||
| Almshouses- | ||||||||
| Investment Fund |
100,725 | 8,104 | 108,829 | |||||
| Almshouses- | ||||||||
| Investment | ||||||||
| Property Fund |
986,400 | 3,402 | 989,802 | |||||
| Almshouses- | ||||||||
| Property Fund |
359,996 | 359,996 | ||||||
| 6,771,752 | 11,574 | 75,516 | 6,858,842 |
| Analysis of net assets betwee | n funds | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total Funds | |
| Funds | Funds | Funds | 2020 | |
| 6 | 6 | E | 6 | |
| Tangible fixed assets | 246,234 | 360,000 | 606,234 | |
| Heritage assets | 158,991 | 158,991 | ||
| Investments | 100,875 | 6,372,126 | 6,473,001 | |
| Current assets | 276,693 | 19,402 | 296,095 | |
| Net assets | 522,927 | 100,875 | 6,910,519 | 7,534,321 |
| Unrestricted | Restricted | Endowment | Total Funds | |
| Funds | Funds F |
Funds | 2019 f |
|
| Tangible fixed assets | 251,831 | 359,996 | 611,827 | |
| Heritage assets | 158,991 | 158,991 | ||
| Investments | 90,374 | 6,320,659 | 6,411,033 | |
| Current assets | 190,382 | 19,196 | 209,578 | |
| Net assets | 442,213 | 90,374 | 6,858,842 | 7,391,429 |