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||||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|
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|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|
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|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||||||||
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||||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||
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|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|
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|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|
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||||||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||
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|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|
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