Charity number: 202887
THE LOUISA LILLEY ALMSHOUSES
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

THE LOUISA LILLEY ALMSHOUSES
CONTENTS
Page
Reference and administrativg details of the charity. its trustegs and advlsers
Trustees. report
Independent examlner's report
Statement of financial activitles
Balance sheet
Notes to the financial statements
10-17
The following pa9es do not form part of the statutory financial statements..
Detailed income and expenditure account and summaries
18

THE LOUISA LILLEY ALMSHOUSES
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY. ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 DECEMBER 2021
Trustees
Mr S Adams
Mrs S Morton
Mr R Rowlati
Mrs J Wilson
Mr D Maddock
Mrs K Gent
MrCRCAdams
MrA J Mayes
Mr C J D Morton, Chairman
Charity registered number
202887
Prin¢ipo1 office
4 Whylewell R08d
Wellingborough
Northants
NN8 58E
Secretary
MrMJPort
Accountants
MHA Maclntyre Hudson
Chartered Accounlanls
Peterbiidge House
The Lakes
Northampton
NN4 7HB
Bankers
Natwest Bank plc
Wellingborough
Northants
NN8 1AD
Page I

THE LOUISA LILLEY ALMSHOUSES
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 DECEMBER 2021
The Trustees present their annual report t¢yJether with the financial statements of The Louisa Lilley Almshouses
for the period 1 January 202110 31 December 2021.
a. OBJECTIVES AND ACTIVITIES FOR THE PUBLIC BENEFIT
Miss Louisa Lilley died on 4 May 1930. Under her Will, land was lo be purchased and almshouses built for
occupation by persons of either sex, provided they lived or had lived in Wellingborough or lrthlingborough or in
the immediate neighbourhood, without regard to their polits'cal or religious beliefs. Trustees were lo be
appointed lo build and manage the properties which were to be named The Louisa Lilley Almshouses. Age and
character were to be taken into account in assessing applicants for ¢)ccupancy.
Six almshouses were built in lrthlingborough and fourteen in Wellingborough.
Over the years the properties became outmoded and, on a local initiative. in 1976177 the almshouses in
Wellingborough were brought up to modem standards wrth grant aid from the Housing Corporation.
In 1981 the properties in lrthlingboTOUgh were also modernised using grant aid via the East Northants Council.
The Trust is now a registered housing association employing a salaried part-lime secretary.
The Trustees meet regularty to ensure the properties are managed effectively and a high quality of seryice
provided for the residents. The Trust properties are visited regularly by the part-lime secretary lo collect the
maintenanee conlribLJlions and ensure frequent contact be￿een the management and residents. As part of
their duties the Tru$tee$ make an annual inspection of the properties.
b. PUBLIC BENEFIT
The Trustees of The Louisa Lilley Almshouses accept the need to have regard to the Charity Commission's
guidan￿ on publiG benefit.
They recognise that it is their responsibilty lo ensure that the benefits offered by the charity are realised by
promoting the charity within the county.
The aim is set out in the Report of the Trustees. The organisation believes in being fair, open and inclusive.
c. OMBUDSMAN
A National Ombudsman has been appointed to help residents who cannot get satisfaction from their landlords.
That is unlikely to happen with regaTd lo The Louisa Lilley Almshouses. Details are available on request from
the Trusfs secretary.
d. MANAGEMENT POLICIES
Management policies have been approved and updated by the Trustees relating to the following iSSLtes'.
eligibility and selection criteria..
complianls procedure
equal opportunities policy
financial procedures
data protection IGDPRI policy
chairman's responsibilities
executs'on of repairs and mainlenan¢e policy.,
maintenance eonlribution policy
iv
vi
Page 2

THE LOUISA LILLEY ALMSHOUSES
TRUSTEES. REPORT leontlnued)
FOR THE YEAR ENDED 31 DECEMBER 2021
ix
letter to new residents policy
premises eonlenls policy
residents personal details policy
rules and regulations policy
trustees responsibilities
voting by proxy policies
xiv
. MAINTENANCE CONTRIBUTIONS AND FINANCE
Maintenance contributions are reviewed annually. Levels are still low compared with rents in both the public and
private sectors but in the long tem the properties will require major investment which
could mean asking for financial 8ssistsnTr from the successors lo the Housing Corporation or other
financial institutions including the Almshouse Association.
necessilales the building up of reseNes.
Help from the successors to the Housing Corporation is doubtful but tradition81ty to have any hope al all the
Trust must be seen to be moving towards what are known as 'Target Rents, which are very much higher than
the existing maintenance contributions. The Trustees therefore decided to move in that direction in accordan
th guidance prepared by the then Housing Corporation and The Almshouse Association.
maintenan￿ conlributs'ons charged in 2021 and 2020 were as follows..
2021
2020
3 Bedroom unit IVVellin9boroughl
Double units
Single units
76.00
69.00
63.00
75.00
68.00
62.00
(per weekl
(per weekl
(per week
If any resident has difficulty meeting the maintenance contribution then financial help may be available through
housing benefit. Application can be made to the appropriate local authority, ie Wellingborough Borough Council
for the properties in Wellingborough., East Northamplonshire Council for the properb'es in lrthlingbortsugh.
b. TRUSTEES. REVIEW OF THE YEAR'S ACTIVITIES
2021 was a difficult year again due to COVID 19 Restrictions, and oui duty of care to our residents was
paramount.
Our Trustees managed meetings via ZOOM, bul did manage one face to face in a large hall, which all enjoyed.
We have managed to protect our residents from COVID 19 and none of them have been infected by rt $0 far.
We lost 1 residents in 2021, to ill health, bul we successfully replaced her.Three other properties were let
following the death of two residents in late 2020 and a further one being taken into care early in 2021. We
currently have a waiting list of six. We still have several of our ladies who are in their go's.
The Trust's Secretary, Michael Port, had a difficult year due lo illness but the Trustees wssh to record their
appreciation of his efforts in difficult circumstances.
Page 3

THE LOUISA LILLEY ALMSHOUSES
TRUSTEES. REPORT {¢ontinuedl
FOR THE YEAR ENDED 31 DECEMBER 2021
The Gardens are beginning to look a lol better ancs il is hoped lo open the lrthlingborough Gardens for a ChaTity
Function during 2022. We also have a windowl guttering cleaner in place who calls every months.
The trust completed the upgrading of the Loft Insulation bul did not go ahead with the Cavity Wall Insulation as it
was consideied that the 1930's buildings were unsuitable.
The front paths at Wellingtrrf)rough were re-laid and replaced where necessary.
The trust also installed four new walk-in showers for the Residents that wanted one and will eventually meet the
goal of new Shower Rooms for all Residents. In trying lo do this considerable problems were encountered with
the supply chain.
Free Reserves for 2021 of £78,355, 12020 £58,994) are available to be carried forward. The Trustees, in
general, are of the opinion that the affairs of the Trust are in good order.
. RESERVES POLICY
The Trustee$ hands on. approach lo managing the Tiusys affairs, since its re-vltalisab.¢￿ in the late
1970'slearly 1980'$, has been very successful results.ng in the Trust's cuirenl solid financial posrf(Dn.
The Trustees have endeavoured, and will conb.nue to endeavour, to build up reserves which will be required in
the long term to rneel the cost of major enhancement works but they have had lo balance this against the need.
over recent years, to carry out substsnlial intermediate improvement works. The Tiust has investment income
and the only real source of income, to build up reserves, is from the maintenance contributions hence the
Trustees agreed policy lo increase maintenance contributions every year by the maximum pemilled amount.
Any shortfall In the long lemi investment required will have lo be met either by funding from the Homes and
Community Agency, which is unlikely, or loans via the Almshouses Association.
b. AVERAGE PAYMENT DATE
The average tsme tsken be￿een receipt and payment of purchase invoices is 7 days.
e. INVESTMENTS POLICY
Funds which a￿ surplus to immediate spending needs are held either on interest bearing deposit accounts or in
Charities Investment Fund income or accumulation shares. Units held in these investments are shown at
market value.
. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES
The management of the charity is the responsibility of the Trustees who are elected and co-opted under the
terms of the Trust deed.
The deed of reb'rement and appoir*lmenl of Trustees is dated 25 August 2021.
Page 4

THE LOUISA LILLEY ALMSHOUSES
TRUSTEES. REPORT {contlnuedl
FOR THE YEAR ENDED 31 DECEMBER 2021
b. TRUSTEES
The Trustees who served dur£ng the year were..
Mr S Adams
Mrs S Morton
Mr R Rowlatt
Mrs J Wilson
Mr D Maddock
Mrs K Gent
MrCRCAdams
Mr A J Mayes
Mr C J O Morton, Chairman
Part-lime secretsry to the Tiustr.
MrMJPort
4 Whytewell Road
WELLINGBOROUGH
Northanls
NN8 5BE
(Tel No 01933 2240191
c. RISK MANAGEMENT
The Trustees have assessed the major risks to which the charity is exposed, in partt"cular those related lo the
operations and finances of the charity, and are sab'sfied that systems and procedures are in place to mitigate
our exposure to the major risks.
Page 5

THE LOUISA LILLEY ALMSHOUSES
TRUSTEES. REPORT (continued)
FOR THE YEAR ENDED 31 DECEMBER 2021
TRUSTEES. RESPONSIBILITIES STATEMENT
The Tfustees are responsible for preparing the Trustees, report and the financi81 stslements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Praclicel.
The law applicable to charities in En9land & Wales requires the Trustees to prepare financial statements for
each financial year which give a true and fair view of the stale of affairs of the charity and of the incoming
resources and application of resources of the charity for that period. In preparing these financial slalements, the
Trustees are required to..
select suitable accounting policies and then apply them consistently..
observe the methods and principles in the Charities SORP..
make judgments and accounts'ng estimates that are reasonable and prudent..
stale whether applicable UK Accountsng Standards have been followed, subject lo any material
departures disclosed and explained in the financial stalemenls.
prepare the financial statements on the going concem basis unless it is inappropriate to presume that the
charity will continue in operalB)n.
The Trustees are responsible for keeping proper accounting records that are sufficient lo show and explain the
charity's Iransaclions and disclose with reasonable accuracy al any time the financial position of the charity and
enable them lo ensure that the financial statements comply with the Charities Act 2011, the Charity {Accounls
and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding
the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and
other irregularities.
The Trustees are responsible for the mainlen8nce and integrity of the charity and financial information included
on the charity's website. Legislatson in the United Kingdom goveming the preparation and dissemination of
financial statements may differ from legislation in other jurisdictions.
This report was approved
y th Trustees, on%k and signed on their behalf by..
MrCJDMorton
Chairman
Page 6

THE LOUISA LILLEY ALMSHOUSES
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 DECEMBER 2021
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE LOUISA LILLEY ALMSHOUSES (the
'charity')
I report lo the charity Trustees on my examination of the accounts of the charity for the year ended 31
De￿mber 2021.
RESPONSIBILITIES AND BASIS OF REPORT
As the Tfuslees ol the charity you are responsible for the preparation of the 2C¢OLtnts in accordance with the
requirements of the Charities Act 2011 {'Ihe 2011 Act.).
l Teport in respect of my examination of the charivs accounts carried out undei sectton 145 of the 2011 Act
and in carrying out my examination I have followed all the applicable Directions given by the Charity
Commission under section 145{5llbl of the 2011 Act.
INDEPENDENT EXAMINER'S STATEMENT
Your attention is drawn to the fact that the charity has prepared the accounts in accordance with Accounting and
Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) in
preferen￿ to the Accounting and Reporting by Charities". Statement of Recommended Practice issued on 1
April 2005 which is referred to in the extant regulations but has been withdrawn.
l understsnd that Ihis has been done in order for the accounts lo provide a true and fair view in accordance with
the Generally Accepted AcGounling Pracb'ce effective for reporting periods beginning on or after 1 January
2015,
I have completed my examination. I can confirm that no mallers have come to my attention in Connection with
the examination giving me cause to believe that in any material respect..
accounb'ng records were not kept in respect of the charity as required by section 130 of the 2011 Act,. or
the accounts do not accord with those records- or
the accounts do not comply with the applicable requirements concerning the form and content of
accounts sel out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a 'true and fairf view whi¢h is not a matter considered as part of an independent
examination.
I have no Concerns and have come across no other matters in connection wth the examination lo which
attention should be drawn in this report in order to enable a proper understanding of the accounts to be
reached.
Signed..
Daled.13 April 2022
Elaine Olson-williams FCCA
MHA MACINTYRE HUDSON
Chartered Accountants
Northampton
Page 7

THE LOUISA LILLEY ALMSHOUSES
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2021
Unrestricted
funds
2021
Total
funds
2021
Total
funds
2020
Note
INCOME FROM:
Charitable activities
Inveslmenls
65.221
2.475
65.221
2.475
66.724
2,369
TOTAL INCOME
67,696
67,696
69,093
EXPENDITURE ON:
Charitable aelivilies
63,545
63.545
77,131
TOTAL EXPENDITURE
63,545
63,54S
77,131
NET INCOME I IEXPENDITURE) BEFORE OTHER
RECOGNISED GAINS AND LOSSES
Gains on revaluations of fixed assets
4,151
120.801
4.151
120.801
18,0381
62.476
NET MOVEMENT IN FUNDS
124,952
124.952
54.438
RECONCILIATION OF FUNDS:
Total funds brought forward
749,283
749,283
694,845
874,235
874,235
749,283
TOTAL FUNDS CARRIED FORWARD
The notes on pages 10 10 17 form part of these financial statements.
Page 8

THE LOUISA LILLEY ALMSHOUSES
BALANCE SHEET
AS AT 31 DECEMBER 2021
2021
2020
Note
FIXED ASSETS
Tangible assets
Investments
23,949
830.573
23,949
709,772
10
854.522
733,721
CURRENT ASSETS
Debtors
Investrnenls
Cash at bank and in hand
11
12
883
3,583
16,542
1,556
3,583
11.623
21,008
16,762
CREDITORS: amounts falling due within
one year
13
11.295)
11,2001
NET CURRENT ASSETS
19,713
15.562
NET ASSETS
874,235
749,283
CHARITY FUNDS
Unrestricted funds..
Unrestricted funds
14
14
354.057
520,178
349,gC6
399,377
Revaluation reserve
14
Total unrestricted funds
874,235
749.283
TOTAL FUNDS
874.235
749,283
The financial ststemenls wer
appr
ved by the Tluslees on Ixp ' X ￿L￿and signed on their behalf, by..
MrCJDMorton
Chairman
Mr O W Maddock
Trustee
The notes on pages 10 to 17 ft)rm part of these financial statements.
Page 9

THE LOUISA LILLEY ALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
ACCOUNTING POLICIES
1.1 Basis of preparation of financial statements
The financial statements have been prepared to give a 'lrue and fairf view and have departed from
the Charities {Accounts and Reports) Regulations 2008 only to the extent required to provide a 'lrue
and fairf view. This departure has involved following the Charities SORP IFRS 1021 published on 16
July 2014 rather than the Accounting and Reporting by Charities.. Ststement of Recommended
Practi￿ effective from 1 Apiil 2005 which has Sin￿ been wthdrawn.
The financial statements have been prepared under the historical cost ¢onvention with items
recognised at cost or transaction value unless otherwise slated in the relevant notes to these
accounts. The financial statements have been prepared in a¢cordan¢e with the Statement of
Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS
1021 issued on 16 July 2014 and Financial Reporting Standard applicable in the United Kingdom and
Republic of Ireland IFRS 102) and Charities Act 2011.
The Louisa Lilley Almshouses Conslitules a public benefit entity as defined by FRS 102.
1.2 Income
All income is recognised once the charity has entitlement lo the income, it is probable that the
income will be received and the amount of income receivable can be measured reliably.
Income lax recoverable in relation to investment income is reccgnised at the b'me the investment
income is receivable.
1.3 Golng concern
The financial statements have been prepared on a going concern basis. The Trustees have
considered relevant information, including the annual budget, forecast future cash flows and the
impact of subsequent events in m2king their assessment. The COVID 19 pandemic and the ensuing
economic shutdown has had a significant impact on the charills operats'ons. In
response to the COVID 19 pandemic, the Trustees have perfomied a robust analysis of forecast
future cash flows taking into account the potential impact on the business of possible lulure scenarios
arising from the impact of COVID 19. This analysis also considers the effectNeness of available
measures lo assist in mitigating the impact.
The Trustees have not identified any further material uncertainties that may cast signifunt doubl
about the ability of the charitable company to continue as a going concern.
Based on these assessments and having regard to the resources available to the charitable
cornpany, the Trustees have concluded that there is no material uncertainty and that they can
continue to adopt the going concern basis in preparing the annual report and accounts
1A Flxed assets - Houslng land and bulldlngs
Housing properties are stsled at cost The development cost of housing properties includes the
following..
cost of acquiring land and buildings..
development expenditure..
Page 10

THE LOUISA LILLEY ALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
ACCOUNTING POLICIES ICONTINUED)
1.5 Depieelatlon - Housing land and buildings
Depreciation of housing properties was effectwely recognised"
by housing association grants which reduced the net investments in housing properties. ie
cost less housing associat'on grant, to an amount which can be recovered from the expected
net rental income,. and
in respect of that proportion of cost not finan￿d by either housing assoctation grant, or by
long term loan by making a transfer from reserves to accumulated depreciation.
No depreciation has been provided on housing properb'es during the year. The net value of
properties shown in the balance sheet is estimated lo be less than their land value.
1.6 Future cyclical repair and maintenance reserve
The reserve reflects the Trusvs liability to maintain ils properties in accordance with a planned
programme of works and is maintained in accordance wth an order by the Charity Commission
dated 14 May 1982.
1.7 Housing Association grant
Social Housing Grant (SHGI is receivable from the Homes and Communities Agency and formedy
from the Housing Corporation and is utilised lo reduce the capital costs of housing properties,
including land costs. SHC due from the HCA or received in advance is included as a current asset or
liability. SHG received in respect of revenue expenditure is credited lo the income and expenditure
account in the same period as the expenditure lo which it relates.
SHG is subordinated to the repayment of loans by agreement wrth the HCA. SHG released on sale
of a property may be repayable bul is normally available lo be recycled and is credited lo a Recycled
Capitsl Grant Fund and included in the balance sheet in creditors.
1.8 Property management
The Trust carries out a programme of maintenance of its property portfolio designed lo keep rt in a
good state of repair and suitable for the use for which it was originalty ¢on$ttucted.
After laking account of HAG and other capital grants the Trustees have Considered that a charge for
depreciation would generally be unnecessary.
1.9 Investments
Fixed asset investments are a form of financial instrument and are initially recognised at their
tran$2clion cost and subsequently measured at fair value at the Balance sheet dale, unless fair
value cannot be measured reliabily in which case il is measured at cost less impairment. Investment
gains and losses, whether realised or unrealised, are combined and shown in the heading
'Gainslllossesl on investments. in the Slalement of financial aclivilies.
Page 11

THE LOUISA LILLEY ALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
ACCOUNTING POLICIES (CONTINUED)
1.10 Fund accountlng
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general obiectives of the charity and which have not been designated for other
pU￿lSes.
Designated funds comprise unrestricted funds that have been sel aside by the Trustees for
particu5ar purposes. The aim and use of each designated fund is set out in the notes lo the financial
statements.
1.11 Taxatlon
The Trust is accepted as a charity by HM Revenue & Customs. Income and capital gains of the
Trust are generally exempt from tsx rf applied for charitable purposes.
INCOME FROM CHARITABLE ACTIVITIES
UnrestTlCted
funds
2021
Total
funds
2021
Total
funds
2020
Income from mair¢lenance contributions
65,221
65,221
66,724
Total 2020
66.724
66,724
INVESTMENT INCOME
Unrestricted
funds
2021
Total
funds
2021
Total
nds
2020
Bank interest receivable
Dividends
28
2,341
2,475
2,475
2,475
2,475
2,369
Total 2020
2.369
2,369
Page 12

THE LOUISA LILLEY ALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
DIRECT COSTS
Total
2021
Total
2020
Actlvlties
Insurance
Garden maintenance
Light and heal
Quinquennial review costs- Cost of works
Repairs and maintenance
Call Care Scheme
Legal and professional
Management and administration
1,740
18,074
463
12,600
19,173
1,240
1,368
5,870
1,740
18,074
463
12,600
19,173
1.240
1.368
5.870
1,731
11,031
264
56,069
5,669
60.528
60.528
74,764
Totsl 2020
74,764
74,764
OFFICE OVERHEADS
Unrestricted
funds
2021
Total
funds
2021
Total
funds
2020
Accountancy
Subsriptions
Sundry expenses
1.337
559
1.121
1.337
559
1,121
1.230
553
584
3.017
3,017
2,367
ANALYSIS OF EXPENDITURE BY EXPENDITURE TYPE
Staff costs Other costs
2021
2021
Total
2021
Total
2020
Estate costs
Office overheads
5.870
54.658
3.017
60,528
3,017
74.764
2.367
5,870
57,675
63,545
77,131
Total 2020
5.669
71,462
77.131
Page 13

THE LOUISA LILLEY ALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 310ECEMBER 2021
INDEPENDENT EXAMINER'S REMUNERATION
The Independent Examiner's remuneration amounts to an Independent Examination fee of £1,33712020
£1,230).
STAFF COSTS
Staff Costs were as follows..
2021
2020
Wages and salaries
5,870
5,669
The average number of persons employed by the charity during the year was as follows=
2021
No.
2020
No.
No employee received remuneration amounting lo more than £60,000 in either year.
Fixed assets
2021
2020
Housing land and buildings (freehold)
Cost
Les5'. Government grants received other than Housing
Association Grant
130,215
130,215
{22,050)
122,0501
Net cost at 1 January 2018 and 31 December2018
Less..
Housing Aswcialion Grant
DepreciatKJn
108,165
108,165
172,5621
111,6541
{72.562)
{11,654)
Net book value at 1 January 2019 and 31 DeTrmber 2019
23,949
23,949
Page 14

THE LOUISA LILLEY ALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
10. FIXED ASSET INVESTMENTS
Accumulatlon
unlts
In¢omè units
Totsl
Market value
At 1 January 2021
Revaluations
79,271
11.244
630,501
109,557
709.772
120.801
At 31 D￿ernber 2021
90,515
740,058
830,573
Market value of Charities Investment Funds units held is the reden7Ption value notified by CCLA
Investment Management Limrted as on 31 December 2020.
11. DEBTORS
2021
2020
Other debtors
Prepayments and accrued income
698
858
883
883
1,556
12. CURRENT ASSET INVESTMENTS
2021
2020
Charities dep)sil fund
3,583
3,583
13. CREDITORS: Amounts falling due within one year
2021
2020
Other Greditors and accruals
1,295
1.200
Page 15

THE LOUISA LILLEY ALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
14. STATEMENT OF FUNDS
STATEMENT OF FUNOS - CURRENT YEAR
Balance at
31
Gainsl December
(Losses}
2021
Balance at
1 January
2021
Transfers
Inlout
Income Expendlture
Designated funds
Future cyclical repairs
Extraordinary repairs
Property equity
116.362
102,563
23.949
15,410
9,380
131,772
111.943
23,949
242,874
24,790
267,664
General funds
General Funds - all funds
Revaluation reserves
98.994
407.415
67,696
{63,5451
{24,7901
78,355
528.216
120,801
506,409
67,696
163.5451
124,7901
120.801
606,571
Total Unrestrtcted funds
749.283
67,696
163.5451
120,801
874.235
Totsl of funds
749,283
67,696
163,5451
120.801
874,235
STATEMENT OF FUNDS - PRIOR YEAR
Balance at
31
Gainsl December
(Lossesl
2020
Balance at
l January
2020
Transfers
inlout
Income Expenditure
Designated funds
Future cyclical repairs
Extraordinary repairs
Property equity
99.742
92,403
23.949
16.620
10,180
116,362
102,563
23.949
216,094
26,780
242.874
General funds
General Funds- all funds
Revaluation reseNes
133,812
344,939
69.093
{77.131}
126,780}
98,994
407,415
62,476
Total Unrestricted funds
694,845
69.093
(77,1311
62.476
749,283
Total of funds
694.845
69,093
177,131)
62,476
749,283
Page 16

THE LOUISA LILLEY ALMSHOUSES
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
15. ANALYSIS OF NET ASSETS BETWEEN FUNDS
ANALYSIS OF NET ASSETS BETWEEN FUNDS - CURRENT YEAR
Unre$tri¢tod
funds
2021
Total
funds
2021
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
23,949
830,573
21.008
11.2951
23,949
830,573
21,008
(1,295)
874.235
874,235
ANALYSIS OF NET ASSETS BETWEEN FUNDS- PRIOR YEAR
Unrestricted
funds
2020
Total
funds
2020
Tangible lixed assets
Fixed asset investments
Current assets
Creditors due within one year
23.949
709,772
16.762
11.2001
23.949
709,772
16,762
11,2001
749,283
749,283
16. CAPITAL COMMITMENTS
The trust had no capital commitments al 31 December 2021 or 31 December 2020.
17. CONTINGENT LIABILITIES
In the opinion of the Trustees. there were no conlingenl liabilities at 31 December 2021 or 31 De￿rnber
2020 likely to crystalise within 12 months of the approval dale of these accounts.
In the event that the Trust's propety were to be sold, the Trust may be liable lo repay the HAG Isee page
91 advanced by the Housing Corporation in 197611977.
Page 17