2020-12-31-accounts - Highweek Charities

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				Page
Charity Information
Trustees' Report
Statement ofTrustees'	Responsibilities
Independent Examiner's	Report
Income and Expenditure	Account
Balance Sheet
Statement ofTotal Recognised		Surpluses	and Deficits
Notes tothe Financial Statements				8-12

Board ofTrustees	Board ofTrustees			Susan Ashworth	Chairman)
				Pack Fletcher	(Vice Chair)
				Derek Hexter
				Robert Bryant
				Lit Roberts
				Patrick Parks
				Jeremy Howell
				Richard Jenks
				Phil Bullivant
Clerk &Collector				Lisa Hocking
Housing Corporation			Number	A0542
Registered	Charity	Number		203004/2
Charity Office				C/0 4 Castlewood	Avenue
				Newton Abbot
				Devon
				TQ12 1NX
independent	Examiner			Sharon Holman
				3 Eastwood Crescent
				Highweek
				Newton Abbot
				Devon
				TQ12 1NZ
Bankers				Lloyd s
				41Courtenay Street
				Newton Abbot
				Devon
				TQ122QW

				Notes	2020		2019
Turnover				1(b)
Rents and contributions	receivable from residents				39,277		36,383
Less: Rent losses from	voids				( 976)	38,301	(2,942)	33,441
						38,3D1		33,441
Operating costs
Services				4	6,590		6,307
Management				4	8,778		8,842
Major repairs expenditure				16	0		13,768
Routine maintenance					2,677		1,482
Fire risk and security					2,468		1,316
Community room					890		446
Expenses for empty Ilats					69		1,167
Depreciation					505		505
						21,977		33,833
Operating surplus / (degclt) on letting acthiltias						16,324		(392)
Interest receivable and	other		income			(3,683)		2,640
Interest payable and similar charges
Charitable donations
Surplus /(deficit) on ordinary			activates before taxation			12,641		2,248
Taxation
Surplus/ (degcit) for the		year				12,641		2,248
Transfer to designated	reserves			16		(11,0D8)		(10,336)
Transfer from designated		reserves		16		0		1.3,768
						1,633		5,680
Revenue reserve brought		forward
Revenue reserve carried		forwards		16		1,633		48,S83

				Notes	2020		2019
Fixed assets
Housing properties				10		16,029		16,534
Investments				11		93,591		85,211
						109,620		101,745
Current assets
Debtors				12	1,934		689
Cash at bank and in		hand		13	28,885		16,722
					30,819		17,411
Creditors: accounts		falling due within one year		14	(907)		(647)
Net current	assets					29,912		16,764
Total assets	less current		liabilities			139,532		118,509
Creditors: amounts		falling due after more than
one year				15
Net assets						139,532		118,309
Capital and	reserves
investment	revaluation		reserve	16		70,452		62,071
Designated	reserves			16		18,864		7,855
Revenue reserve				16		50,216		48,583
						f39,5R2		18,509

				2020	2019
				E	E
Surplus /	(deficit) for the year			12,641	5,680
Unrealised	surplus / (deficit) on revaluation		ofinvestments	8,381	12,063
Total recognised (deficits) and surpluses		for the year
and since	the last annual report			21,022	17,743

Staffcosts																2020	2019
																E	E
Clerk's honorarium			and	expenses												7,602	7,275
Cleaner's wages																2,609	2,430
																10,211	9,705
Average number		of	employees			during			the	year						1	2
Services and management					expenses											2020	2019
									Financial
									and						Housing
									admin				Services		Management
										E			f		6
Staffcosts
Clerk's honorarium			and	expenses					1,520					760	5,322	7,602	7,276
Cleaner's wages													2,609			2,609	2,430
Training courses
Estate costs
Insurance															1,589	1,589	2,089
Gardening													2,240			2,240	2,234
Sundry														514		514	500
Ofgce overheads
Advertising												17				17	275
Computer expenses											212					212
Professional fees											240					240
Audit and accountancy				fees							345					345	345
									2,334				6,123		6,911	15,368	15,149
Apportionment	offinance				and
administration expenses									( 2,334)					467	1,867
													6,590		8,778	15,368	15,149
Interest receivable			and	other		income										2020	2019
Other investment		income														757	770
Contribution to	Highweek				General		Charity									( 2,255)	( 1,755)
Contribution to	Highweek				Parish		Lands									( 2,185)	3,625
																( 3,683)	2,640
Interest payable		and similar charges														2020	2019
On loans wholly	or		partly		repayable			in	more			than	five years
Charitable donations																2020	2019

			FOR THE YEAR ENDED 31DECEMBER 2020	FOR THE YEAR ENDED 31DECEMBER 2020
8.	Surplus on ordinary	activities before taxation			2020	2019
					E	E
	The surplus on ordinary		activities before taxation	isstated after
	charging:
	Independent Examiner's		remuneration		345	345
	Depreciation				505	505
					850	850
9.	Taxation
	The activities ofthe charity are exempt from corporation tax.
10.	Fixed assets				2020	2019
					Completed	Completed
					Freehold	Freehold
					Housing	Housing
					Properties	Properties
	Cost
	As at 1January 2020				200,804	200,804
	Additions
	Less: Housing Association		grants
	As at 1January 2020				175,549	175,549
	Additions
	As at31December 2020				25,255	25,255
	Depreciation
	As at 1January 2020				8,721	8,216
	Charge for the year				505	505
	As at 31December 2020				9,226	8,721
	Net book value
	As at 31December 2020				16,029	16,534
	As at 31December 2019				16,534	17,039

Creditors: after more	Amounts falling than one year					2020 6	2019 6
None
Reserves				2020			2019
		Cendna ted	Reserves
		Cycscal	rstraordtnesy	Revenue	Investment	Total
		Matntenante	Reuair	Reserve	Revaluanun
		Fund	Fund
		f.
Balance at 1January 2020 Surplus/(deAcit) forthe year Transfers todesignated funds Transfers from designated funds Unreailsed surplus/(deficit) on		(2,731) 6,832	10,587 4,176	48,583 12,641 ( 11,008)	62,071	110,654 12,641 ( 11,008)	92,911 2,248 ( 10,336) 13,768
Revaluation Balance at	of investments 31December 2020	4,101	14,763	50,216	8,381 70,452	8,381 120,668	12,063 110,654

11.	Investments		Cavities	CharlnCO	COmman	COmman	COIF Charltlas	Investment
			Inv Fund	Investment		Fund	Fund
			rvccurn	Olstrlhution			Income	accumulation
			units	units			units	units	Total
									f
	Co*
	As at 1January 2020		2,500				10,000	8,242	20,742
	Additions
	Disposals
	As at31December 2020		2,500				10,000	8,242	20,742
	Number ofunits held		No,	No.			No.	No,
	As at 1January 2020		38.00		130.76		1,396.90	285.73
	Additions
	Disposals
	As at 31December 2020		38.00		130.76		1,396.90	285.73
	Market value
	As at31December 2020		9,258			258	25,160	58,916	93,592
	As at31December 2019		7,718			249	23,595	53,649	85,211
12.	Debtors						2020		2019
							f		f
	Prepayments						1,934		689
							1,934		689
13.	Cash at bank and in	hand					2020		2019
	COIF Charity Funds Deposit Account						9,945		9,195
	Lloyds current account						18,940		7,527
							28,885		16,722
14.	Creditors: Amounts	falling due within	one year				2019		2018
	Other creditors and accruala						907		647

				FOR THE YE	AR ENDED 31	DECEMBER	2020
			Note	Receipts					Payments
				2D20	2019			2020		2019
					E			f		f
Balance	at Lloyds	Bank				Donations
at1January 202D						Payments	to parishioners	150.00		72D.00
Highweek	Parish	Lands		11,737.58	13,335.68	Other payments
						Clerk's honorarium		2,415AS		2,432.53
						Field expenses:
						Water rates - trough		7S.34		77.62
						General repairs		120.00		74.34
						Hedge trimming		250.00		240.00
						Tree	removal			550.00
						Insurance				541.59
						Transfers	to:
				11,757.58, . 8		Gilberd's	House	3,013.S2		6,157.03 1D,793.11
Income
income from investments			1	385.41	407.49
						Balance at Uoyds Bank
Allotment	rentals			528.00	601.00	at31December 2D20
Received	from closed charity				825.81	Highweek	Parish Lands	15,453.47		11,737.58
Transfers	from:
Leaman Bequest				3,380.82	4,188.18
Highweek	General			250.00	620.00
Gilberd's	Almshouses			2,185.4S	2,552.53
				6,729.71	9,19S.01			12A55.57		11,737.58
				18267.29	22,530.69			.	9	22,535.69

	Schedule ofinvestments
			HOLDING			VALUE
		2020		2019	2020		2019
							E
	Equities Investment Fund	575.248		575.248	250.00		9,553.09
	for Charities Linits - Charifund
	Land at Pound Park and Pftt Hill Field (Valued August 2018)				29,000.00		29,000.00
	Figure for2018is ot the 2004 voiuotion
	Land - Parish Meadow (at cost)				52,377.00		52,377.00
					78,34		9D,93D.09
2	Schedule ofInvestment Income
	Equities Investment Fund
	for Charities Units - Charifund				385.41		407.49
					635.41		40749
3	Balances due toother charities
	Highweek Ecclesiastical Charity				635.73		582.93
					685.73		582.93

			FORTHE YEAR	ENDED 31	DECEMBER2020	DECEMBER2020
		Note	Receipts				Payments
			2020	2019			2020	2019
			E	E			E	E
Balance at	Lloyds Bank
at 1Ianuary2020
Highweek	Relief in Need
Charity Business
Instant Access Account			40.20	40.20
			40.20	40.20			0.00	0.00
Income
Income from investments
					Balanoa at	Lloyds Bank
Deposit account interest		1	0.00	0.00	at 31December 2020
					Highweek	Relief in Need
					Charity Business
					Instant Access Account		40.20	40.20
				0.00			4a20	40.20
			40.20	40.20			40.20	40.20

			2020	2019
1	Schedule	ofinterest received
	i-lighweek	Relief in Need Charity deposit account	0.00	0.00
				0.00

		Nate					Payments
			2020	2019			2020	2019
			E				E.	E
Balance at Uoyds Sank
at 11anuary 2020
Highweek	Feoffees		8,945.89	9,389.65	Clerk's honararium		2,415.48	2,432.53
Treasurers	account		79.41	79A1	Accountancy		230.0D	230.00
Highweek	General Chanty				Purchase oflaptop			545.62
Treasurers	account		1,0S6.82	1,725.90
					i2uinquennial Report
					Transfersto:
					The Parish Lands Charity		250.0D	620.00
					Gilberd's Almshouses		39D.DD	1,637.64
			10,»2.					5,465,79
Income
Income from mvestments		2	423.66	555.92	Balance at Uoyds Bank
					at31December 2020
Interest received
					Highweek Feaffees
					Treasurers accaunt		10,36S.65	8,945.89
Transfers	from:
The Parish	lands Chadity				Treasurers accaunt		79Al	79.41
Leaman Bequest			1,422.76	1,394.5D
Gilberd's Almshouses			2,645AS	2,432.53	Highweek General	Charity
					Treasurers account		870AB	1,086.82
			4A91.90	4,3S2.95			11,318,54	1D.112.12
			14,604.02	15,577.91			14,604.02	15,577.91


					2020	2019	2020	2019
							f	f
	Charities	Fixed
	Interest	Fund Units			5,384.40	5,384.40	7,655.54	7,179.02
	NAACIF
	Accumulation Units				534.00	534.00	49,403.38	43,156.33
	Charities	Deposit Fund					230.83
	Charities	Investment	fund
	Investment Units				354.83	354.83	6,390.99	5,993.29
								56,35 .
2	Schedule	of Investment		income
	Charities	Fixed
	Interest	Fund Units					239.08	239.08
	Charities	Deposit Fund					0.61	0.45
	Chanties	Investment	Fund
	Investment Units						183.97	316.39
							423.66	555.92