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||**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|





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||||**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<br>Less Social Housing Grant|||||240,389<br>(114,365)||240,389<br>(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|





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||**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:−|||



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||**No.**|**No.**|
|---|---|---|
|Office staff||1|
|Staff costs (for the above person)|||
|Wages and salaries|2,413−|2,350|





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|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<br>NAACIF Accumulation Shares||79,874|75,292|
||1384.99<br>Units Schroder's Charity Equity Fund,(Accum.)||11,581|11,034|
||1604.93<br>Units Schroder's Charity Equity Fund (Accum.)||11,180|10,546|
||7713.51<br>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<br>Extraordinary repairs|121,133|• 13,394|107,739|
||Balance at 24 June 2021|121,133|13,394|107,739|





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||||**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|