Charity numbèr: 202887
THE LOUISA LILLEY ALMSHOUSES
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
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|Reference and administrative|details ofthe charity, its trustees|||and advisers||
|Trustees'
report|||||2-6|
|Independent
examiner's
report||||||
|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||||
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||||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||||||
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|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||
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|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||
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|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||
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|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|
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|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||
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||||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|
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|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|
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|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|
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|DEBTORS||||
|---|---|---|---|
|||2020f|2019
F|
|Other debtors||698||
|Prepayments|and accrued income|858|874|
|||1,556|874|
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||||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|
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||||||||||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|
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|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|
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|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|
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|||||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|