2020-12-31-accounts

			Page
Trustees' Report			1-3
Independent Examiner's	Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements			7 —12
This page does notform	part ofthe statutory	accounts	13
Summary of Expenditure			14

ORTHE YEAR ENDED 3	1DECEMBE	R 2020
			Unrestricted	Restricted	Total	Total
			Funds	Funds	Funds	Funds
INCOMING RESOURCES		NOTES	2020	2020	2020	2019
			E	6	E	E
Maintenance contributions			32,217		32,217	31,287
Investment income			351		351	351
Interest receivable			22		22	22
Other income						0
			32,590		32,590	31,660
RESOURCES EXPENDED
Charitable activities			26,023		26,023	23,495
			26,023		26,023	23,495
Net (outgoing)/income	resources		6,567		6,567	8,165
Other recognised gains/losses
Gain/(loss) on revaluation investments	of	9	(1,369)		(1,369)	4,440
Net movement in funds			5,198		5,198	12,605
Reconciliation offunds
Total funds brought	forward		79,011		79,011	66,406
Total funds carried forward			84,209		84,209	79,011

BALANCE SHEET AS AT31	DECEMBE	R 2020	R 2020
		Unrestricted			Restricted	Total	Total
		Funds			Funds	Funds	Funds
TANGIBLE FIXED ASSETS		2020			2019	2020	2019
	NOTES		E		E	E	E
Housing Properties	8		171,399			171,399	171,954
(Housing Association		(163,457)				(163,457)	(163,457)
Grant)
			7,942			7,942	8,497
Other Tangible Fixed
Assets
INVESTMENTS			29,476			29,476	30,845
			29,476			29,476	39,342
CURRENTASSETS
Debtors	10		605			605	424
Building Society Deposit			18,350			18,350	17,129
Cash at Bank			29,559			29,559	23,542
Cash in hand			97			97	20
			48,611			48,611	41,115
CREDITORS: Amounts
Falling
due within one year	12		(1,820			(1,820)	(1,446)
Net Current Assets			46,791			46,791	39,669
TOTAL ASSETS LESS			84,209			84,209	79,011
CURRENT LIABILlllES
NET ASSETS			84,209			84,209	79,011
Represented by:
Total funds	13		84,209			84,209	79,011
			84,209			84,209	79,011
The Trustees approved the	financial	statements	on: 2	Ly	I L(-) M $
Rev. M Strange
MrJ Brain

			2020			2019
				Charitable		Charitable
		Turnover		Activities	Turnover	Activities
		E		E	6	E
Maintenance contributions
Housing Accommodation		32,217		(19,773)	31,287	(17,050)
Extraordinary Repairs				(6,250)		(6,445)
Other Income and Expenditure
Other Income
Interest Receivable		22 32,239		(29.0 3(	22 3,309	~(3.493
(Deficit)/surplus before taxation		6,220			7,814
Investment income		351			351
Total surplus/(defldtl before taxatlon
Forthe period ofaccount		6,571			8,165
INCOME FROM LETTINGS		2020			2019
		E			E
Maintenance contributions		32,217			31,287
Grant from Local Authority
		32,217			31,287
OPERATING COSTS FROM	LETTINGS	2020			2019
		E			E
Housing Accommodation	(10units)
Services		801			800
Management		11,163			9,907
Routine Maintenance		7,254			5,788
Depreciation		555			555
		19,773			17,050

OR	THE YEAR ENDED 31DECEMBER	THE YEAR ENDED 31DECEMBER	THE YEAR ENDED 31DECEMBER	202	0
4	TRUSTEES' REMUNERATION			AND	BENEFITS
								2020	2019
								f	f
	Remuneration and benefits							Nil	Nil
	The total expenses	reimbursed		to	the Trustees	and
	not chargeable to United		Kingdom		Tax			Nil	Nil
								2020	2019
								No.	No.
	The number ofTrustees who received no remuneration						and
	benefits in the disclosed		financial		years were;
5	INTEREST RECEIVABLE
								2020	2019
								E	f
	Interest Receivable	from	Bank and		Building Society
	Investment Accounts							22	22
6	NET INCOME/OUTGOING		RESOURCES BEFORE			TAXAllON
	Net Income/outgoing	resources before taxation				Is stated after		charging:
								2020	2019
								f	f
	Depreciation:
	Housing Properties							555	555
7	TAXATION
								2020	2019
								f	f

8	TANGIBLE FIXED ASSETS
			Freehold	Fixtures
			Housing	And
			Properties f	Fittings f	TOTAL f
	Cost or Valuation
	At 31December 2019		27,753	2,151	29,904
	Additions
	At 31December 2020		27,753	2,151	29,904
	Depreciation
	At 31December 2019		19,256	2,151	21,407
	Charge for the Year		555		555
	At 31December 2020		19,811	2,151	21,962
	Net BookValue
	At 31December 2019		8,497		8,497
	At 31December 2020		7,942		7,942
	Freehold Housing Properties		2020 f		2019 f
	Cost ofProperties		191,210		191,210
	Less: Housing Association	Grant
	from the Housing Corporation		(163,457)		(163,457)
			27,753		27,753

					Market value at	31December
			Cost or base	value
			At 24 December 1979		2020	2019
			f		f	f
	228 Accumulation Shares			334	21,094	21,787
	10,024 Income Shares			2,787	8,382	9,058
				3 121	29,476	30,845
10	DEBTORS
					2020	2019
					f	f
	Prepayments	and Accrued Income			605	424
					605	424
	All debtors are due within one year.
11	CASH AT BANK
					2020	2019
					f	f
	Bank Current	Account			29,559	23,542
					29559	23,542
12	CREDITORS:	Amounts	Falling Due
	Within One	Year
					2020	2019
					f	f
	Accruals & Deferred		Income		1,820	1,446
					1,820

13	TOTALFUNDS
		General	Extraordinary
		Income &	Repair
		Expenditure f	Reserve f	Total f
	As at 31December 2019	78,114	897	79,011
	Surplus for the Year	11,448		11,448
	Funds used for Major Repairs		(6,250)	(6,250)
	Transfer to Designated Reserves	(5,000)	5,000
	As at 31December 2020	84,562	(353)	84,209
14	EMPLOYEES (full time equivalents)
			2020	2019
			No.	No.
	Averageweeklynumberofemployees		nil	nil