| INDEX | |||
|---|---|---|---|
| PAGE | |||
| Trustees' Report | 1 | ||
| Statement of Trustees' Responsibilities | |||
| Independent Examiner's Report | |||
| Income and Expenditure Account | 4 | ||
| Balance Sheet | |||
| Notes to the Financial Statements | • | 6−10 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Note | |||||
| TURNOVER | (b) | ||||
| Income | |||||
| Maintenance contributions from residents | 11,335 | 9,600 | |||
| Sedgemoor district council grant | 20,000 | ||||
| OPERATING COSTS | |||||
| Services | 2,878 | 2,139 | |||
| Management | 2,413 | • 2,350 | |||
| Maintenance | 19,240 | 2,929 | |||
| Bat Survey | 6,357 | (30,888) | 510 | (7,298) | |
| 447 | 1,672 | ||||
| •Interest receivable and other income. | 5,868 | 6,628 | |||
| (Deficit)/Surplus on ordinary activities | |||||
| before taxation | 6,315 | 8,300 | |||
| Taxation on surplus on ordinary activities | 5 | ||||
| (DEFICIT)/SURPLUS FOR THE YEAR | 6,315 | 8,300 | |||
| MOVEMENT ON RESERVES | |||||
| Balance brought forward | 112,842 | 104,542 | |||
| (Deficit)/Surplus for the year | 6,315 | 8,300 | |||
| 119,157 | 112,842 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Note | |||||||
| FIXED ASSETS | |||||||
| Housing properties (freehold) −Cost Less Social Housing Grant |
240,389 (114,365) |
240,389 (114,365) |
|||||
| 126,024 | 126,024 | ||||||
| CURRENT ASSETS | |||||||
| Investments | 108,315 | 102,447 | |||||
| Cash at bank and in hand | 7,151 | 6,986 | |||||
| 115;466 | 109,433 | ||||||
| ^ | |||||||
| CURRENT LIABILITIES | |||||||
| CREDITORS: | |||||||
| Amounts falling due within one year | •8 | (1,200) | (1,482) − | ||||
| NET CURRENTASSETS | 114,266 | 107,951 | |||||
| **TOTAL ASSETS LESS CURRENT ** | LIABILITIES | 240,290 | 233,975 | ||||
| CAPITAL AND RESERVES | |||||||
| Designated reserves | 9 | 121,133 | 121,133 | ||||
| Income and Expenditure account | page | 4 | 119,157 | 112,842 | |||
| 240,290 | 233,975 | ||||||
| These financial statements were approved | by the | Trustees on | 1 1 | and | signed on their | ||
| behalf by:− | |||||||
| TRUSTEE | TRUSTEE |
| 2021 | 2020 | |
|---|---|---|
| Emolument | 2,413 | 2,350 |
| The number of officers and senior executives, including the highest | ||
| .paid officer, who received emoluments in the following ranges were − | No. | No. |
| £1,001 −2,000 | 1 | |
| The total expenses reimbursed to the officers and senior executives, | ||
| not chargeable to United Kingdom Tax was:− |
| No. | No. | |
|---|---|---|
| Office staff | 1 | |
| Staff costs (for the above person) | ||
| Wages and salaries | 2,413− | 2,350 |
| 7. | CURRENT ASSETS | |||
|---|---|---|---|---|
| 2021 | 2020 | |||
| INVESTMENTS | ||||
| Cost or Base Cost: | ||||
| At 25 June 2020 | 102,447 | 95,819 | ||
| Capitalised income | 5,868 | 6,628 | ||
| Balance at 24 June 2021 | 108,315 | 102,447 | ||
| The Investments comprise the following:− | ||||
| 1352 NAACIF Accumulation Shares |
79,874 | 75,292 | ||
| 1384.99 Units Schroder's Charity Equity Fund,(Accum.) |
11,581 | 11,034 | ||
| 1604.93 Units Schroder's Charity Equity Fund (Accum.) |
11,180 | 10,546 | ||
| 7713.51 Units Schroder's Income Trust for Charities (Accum.) |
5,680 | 5,575 | ||
| Total of listed investments | 108,315 | 102,447 | ||
| Market Value of listed investments at 24 June 2021 | 178,197 | 146;411 | ||
| 8. | CREDITORS: | |||
| Amounts falling due within one year | 2021 | 2020 | ||
| £ | ||||
| Creditors and accruals | 1,200 | 1,482 | ||
| 9. | DESIGNATED RESERVES | |||
| Extraordinary | Charitable Fund | |||
| Repairs | Property | |||
| Total | Reserve | Reserve | ||
| Balance at 25 June 2020 Extraordinary repairs |
121,133 | • 13,394 | 107,739 | |
| Balance at 24 June 2021 | 121,133 | 13,394 | 107,739 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| INCOME | ||||||
| Maintenance contributions | 11,335 | 9,600 | ||||
| Sedgemoor district council grant | 20,000 | |||||
| Investment income: | ||||||
| Schroders distributions | 1,286 | 1,658 | ||||
| NAACIF distributions | 4,582 | 5,868 | 4,970 | 6,628 | ||
| 37,203 | 16,228 | |||||
| EXPENDITURE | ||||||
| Heat and light | 328 | 185 | ||||
| Piper.lifeline | 280, | 297 | ||||
| Insurance | 928 | 617 | ||||
| General repairs and garden maintenance | 19,240 | 2,929 | ||||
| • | Clerk's fee | 2,413 | __J_ | 2,350 | ||
| Accountancy fees | 600 | 600 | ||||
| Subscriptions | 742 | 440 | ||||
| Bat Survey | 6,357 | 510 | ||||
| 30,888. | • | 7,928 | ||||
| SURPLUS FOR THE YEAR | 6,315 | 8,300 |