Charity numbèr: 202887 THE LOUISA LILLEY ALMSHOUSES FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
| Page | |||||
|---|---|---|---|---|---|
| Reference and administrative | details ofthe charity, its trustees | and advisers | |||
| Trustees' report |
2-6 | ||||
| Independent examiner's report |
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| Statement offinancial activities | |||||
| Balance sheet | |||||
| Notes to the financial statements | 10-17 | ||||
| The following pages do not form | part ofthe statutory | financial statements: | |||
| Detailed income and expenditure | account and summaries |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2020 | 2020 | 2019 | |||
| Note | |||||
| INCOME FROM: | |||||
| Charitable activities |
66,724 | 66,724 | 66,846 | ||
| Investments | 2,369 | 2,369 | 2,329 | ||
| TOTAL INCOME | 69,093 | 69,093 | 69,175 | ||
| EXPENDITURE ON: | |||||
| Charitable activities |
77131 | 77131 | 64,175 | ||
| TOTAL EXPENDITURE | 77131 | 77,131 | 64,'i75 | ||
| NET INCONIE I(EXPENDITURE) BEFOREOTHER | |||||
| RECOGNISED GAINS AND LOSSES | (8,038) | (8,038) | 5,000 | ||
| Gains on revaluations | offixed assets | 62,476 | 62,476 | 113,314 | |
| NET MOVEMENT IN |
FUNDS | 54,438 | 54,438 | 118,314 | |
| RECONCILIATION OF FUNDS: |
|||||
| Total funds brought forward | 694,845 | 694,845 | 578,531 | ||
| 749,283 | 749,283 | 694,845 | |||
| TOTAL FUNDS CARRIED FORWARD |
| INCOME FROM CHARIT | ABLE ACTIVITIES | |||
|---|---|---|---|---|
| Unrestricted | Total | Total | ||
| funds | funds | funds | ||
| 2020 | 2020f | 2019f | ||
| Income from maintenance | contributions | 66,724 | 66,724 | 66,846 |
| Total 2019 | 66,846 | 66,846 |
| INVESTMENT INCOME | |||
|---|---|---|---|
| Unrestricted | Total | Total | |
| funds | funds | funds | |
| 2020 | 2020 | 2019 | |
| E | |||
| Bank interest receivable | 28 | 28 | 59 |
| Dividends | 2,341 | 2,341 | 2,270 |
| 2,369 | 2,369 | 2,329 | |
| Total 2019 | 2,329 | 2,329 |
| DIRECT COS | TS | |||
|---|---|---|---|---|
| Total | Total | |||
| Activities | 2020 | 2019 | ||
| F | ||||
| Insurance | 1 731 | 1 731 | 1,603 | |
| Garden maintenance | 11,031 | 11,031 | 2,290 | |
| Light and heat | 264 | 264 | 209 | |
| Quinquenniat | review costs - Cost ofworks | 3,781 | ||
| Repairs and maintenance | 56,069 | 56,069 | 48,055 | |
| Management | and administration | 5,669 | 5,669 | 5,468 |
| 74,764 | 74,764 | 61,406 | ||
| Total 2019 | 61,406 | 61,406 |
| OFFICE OVERHEADS | |||
|---|---|---|---|
| Unrestricted | Total | Total | |
| funds | funds | funds | |
| 2020 | 2020 | 2019 | |
| Accountancy Subsriptions |
1,230 553 |
1,230 553 |
1,320 325 |
| Sundryexpenses | 584 | 584 | 1,124 |
| 2,367 | 2,367 | 2,769 |
| ANALYSIS OF EXPENDITURE | BYEXPENDITURE TYPE | |||
|---|---|---|---|---|
| Staff costs | Other costs | Total | Total | |
| 2020 | 2020 | 2020 | 2019 | |
| Estate costs | 5,669 | 69,095 | 74,764 | 61,406 |
| Office overheads | 2,367 | 2,367 | 2,769 | |
| 5,669 | 71,462 | 77,131 | 64,175 | |
| Total 2019 | 5,468 | 58,70? | 64,175 |
| 2020 | 2019 | |||
|---|---|---|---|---|
| E | ||||
| Wages and salaries | 5,669 | 5,468 | ||
| The average number | ofpersons | employed | by the charity during the year was as follows: | |
| 2020 | 2019 | |||
| No. | No. | |||
| 1 | 1 |
| Fixed a | ssets | ||||
|---|---|---|---|---|---|
| 2020 | 2019 | ||||
| Housing Cost |
land and buildings | (freehold) | 130,215 | 130,215 | |
| Less: Government | grants received other than Housing | ||||
| Association Grant |
(22,050) | (22,050) | |||
| Net cost | at 1 January 2018and 31 December 2018 | 108,'I65 | 108,165 | ||
| Less: | |||||
| Housing | Association | Grant | (72,562) | (72,562) | |
| Depreciation | (11,654) | (11,654) | |||
| Net book | value at 1 | January 2019and 31 December 2019 | 23,949 | 23,949 |
| FIXEDASSET INYESTMENTS | |||
|---|---|---|---|
| Accumulation | |||
| Income units | units | Total | |
| Market value | |||
| At 1 January 2020 Revaluations |
74,338 4,933 |
572,958 57,543 |
647,296 62,476 |
| At 31 December 2020 | 79,271 | 630,501 | 709,772 |
| DEBTORS | |||
|---|---|---|---|
| 2020f | 2019 F |
||
| Other debtors | 698 | ||
| Prepayments | and accrued income | 858 | 874 |
| 1,556 | 874 |
| 2020f | 2019 | |||
|---|---|---|---|---|
| Charities deposit fund | 3,583 | 10,508 | ||
| 13. | CREDITORS: Amounts | falling due within one year | ||
| 2020 | 2019 | |||
| f. | ||||
| Other creditors and accruals | 1,200 | 1,200 |
| Balance at | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Balance at | 31 | ||||||||
| 1January | Transfers | Gains/ | December | ||||||
| 2020 | Income f |
Expenditure E |
in/out f. |
(Losses) | 2020 | ||||
| Designated | funds | ||||||||
| Future cyclical | repairs | 99,742 | 16,620 | 116,362 | |||||
| Extraordinary | repairs | 92,403 | 10,160 | 102,563 | |||||
| Property equity |
23,949 | 23,949 | |||||||
| 216,094 | 26,780 | 242,874 | |||||||
| General funds | |||||||||
| General Funds | - all funds | 133,812 | 69,093 | (77,131) | (26,780) | 98,994 | |||
| Revaluation reserves |
344,939 | 62,476 | 407,415 | ||||||
| 478,751 | 69,093 | (77,131) | (26,780) | 62,476 | 506,409 | ||||
| Total Unrestricted | funds | 694,845 | 69,093 | (77,131) | 62,476 | 749,283 | |||
| Total offunds | 694,845 | 69,093 | (77,131) | 62,476 | 749,283 | ||||
| STATEMENT | OF | FUNDS - PRIOR YEAR | |||||||
| Balance at | |||||||||
| Balance at | 31 | ||||||||
| 1 January 20'i9 |
Income | Expenditure | Transfers in/out |
Gains/ (Losses) |
December 2019 |
||||
| F | F | ||||||||
| Designated funds |
|||||||||
| Future cyclical | repairs | 83,702 | 16,040 | 99,742 | |||||
| Extraordinary | repairs | 82,603 | 9,800 | 92,403 | |||||
| Property equity | 23,949 | 23,949 | |||||||
| 190,254 | 25,840 | 216,094 | |||||||
| General funds | |||||||||
| General Funds | - all | funds | 154,652 | 69,175 | (64,175) | (25,840) | 133,812 | ||
| Revaluation reserves |
231,625 | 113,314 | 344,939 | ||||||
| Total Unrestricted | funds | 576,531 | 69,175 | (64,175) | 113,314 | 694,845 | |||
| Total offunds | 576,531 | 69,175 | (64,175) | 113,314 | 694,845 |
| ANALYSIS OF NET ASSETS BETWEEN FUNDS - CU | RRENT YEAR | |
|---|---|---|
| Unrestricted | Total | |
| funds | funds | |
| 2020 | 2020 | |
| Tangible fixed assets | 23,949 | 23,949 |
| Fixed asset investments | 709,772 | 709,772 |
| Current assets | 16,762 | 16„762 |
| Creditors due within one year | (1,200) | (1,200) |
| 749,283 | 749,283 |
| ANALYSIS OF NET ASSETS BETWEEN FUNDS - PRI | OR YEAR | |
|---|---|---|
| Unrestricted | Total | |
| funds | funds | |
| 2019 | 2019 | |
| Tangible fixed assets Fixed asset investments |
23,949 647,296 |
23,949 647,296 |
| Current assets | 24,800 | 24,800 |
| Creditors due within one year | (1,200) | (1,200) |
| 694,845 | 694,845 |
| 2020 | 2019 | |||||
|---|---|---|---|---|---|---|
| K | E | |||||
| INCOME | ||||||
| Income from maintenance contributions |
66,724 | 66,846 | ||||
| Income from local cash investments | - all funds | 28 | 59 | |||
| Other investment income - all funds |
2,341 | 2,270 | ||||
| TOTAL INCOME | 69,093 | 69,175 | ||||
| LESS:EXPENDITURE | ||||||
| Management and administration Insurance |
salaries | 5,669 1731 |
5,468 1,603 |
|||
| Garden maintenance | 11,031 | 2,290 | ||||
| Light and heat Quinquennial review costs - Cost Repairs and maintenance |
of | works | 264 56,069 |
209 3,781 48,055 |
||
| TOTAL EXPENDITURE | 74,764 | 61,406 | ||||
| NET (EXPENDITURE)/INCOME | FROM | |||||
| CHARITABLE SOURCES | (5,671) | 7,769 | ||||
| OTHER EXPENDITURE | ||||||
| Accountancy | (1,230) | (1,320) | ||||
| Subscriptions | (553) | (325) | ||||
| Sundry expenses | (584) | (1,124) | ||||
| TOTAL OTHER EXPENDITURE | (2,367) | (2,769) | ||||
| NET (EXPENDITURE)IINCOME YEAR |
FOR THE | (8,038) | 5,000 |