2020-12-31-accounts - Devizes Almshouse Charity

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Trustees The trustees as at 31 December 2020 and	on the date the Trustees' Report was approved were as follows:	on the date the Trustees' Report was approved were as follows:
Mr DSW Elliott	Chairman and Chair ofthe Standing Committee, member ofthe Finance & Staffing Committee and
	member of Properties Committee.
Mr RAkerman	Chair ofthe Selection &Welfare, Chair of Community &Social Committee, member of
	Finance &Staffing Committee, member ofthe
	Properties Committee and member ofthe Standing
	Committee
Miss FKTumber	Member ofthe Selection &Welfare Committee	and
	Community &Social Committee
Mr PP Duckett	Chair ofthe Properties Committee, member ofthe Commercial Properties Committee and member of
	the Standing Committee
Mr C Lucas	Joint Vice Chairman, Chair ofthe Commercial Properties Committee, member ofthe Properties
	Committee and member ofthe standing
	Committee
Mr JGJones	Joint Vice Chairman and member ofthe Finance &
	Staffing Committee, member ofthe Commercial
	Properties Committee and member ofthe Standing
	Committee.
Mr S McGregor-Johnson	Member ofthe Finance &Staffing Committee
Mr P Bennett	Chairman ofthe Finance & Staffing Committee,
	member of Selection & Welfare Committee,
	member of Commercial Properties Committee	and
	member ofthe Standing Committee

Officers
Mr P Bennett	Treasurer
Mrs R Jeffries	Clerk
Mrs LMcGuffog	Assistant	Clerk
Mrs JChesham	Warden
Mr A Kettlety	Properties	and Maintenance	Coordinator
Charity number	204453
Principal address	Slade House
	St James'	Gardens
	Devizes
	Wiltshire
	SN10 1EL

Auditors	David Owen	&Co	&Co
	17The Market Place
	Devizes
	Wiltshire
	SN10 1BA
Bankers	Lloyds Bank	pic
	38The Market Place
	Devizes
	Wiltshire
	SN10 1JD
Solicitors	Awdry, Bailey and Douglas
	33StJohns	Street
	Devizes
	Wiltshire
	SN10 1BW
Support Organisations	The Almshouse		Association
	Billingbear Lodge
	Maidenhead	Road
	Wokingham
	Berkshire
	RG40 5RU
Insurance	Grout Insurance		Brokers
	2nd Floor
	Woolwich House
	43St George House
	Croydon
	CRO 1LB

			Page
Trustees'	report		1-4
Statement	of Trustees'	responsibilities
Independent auditor's		report	6-8
Statement	offinancial	activities
Balance sheet			10
Statement	ofcash flows
Notes to	the financial	statements	12-21

			Unrestricted	Unrestricted
			funds	funds
			2020	2019
		Notes	6	6
Iltgttnudmm;
Voluntary income		3		500
Charitable activities		4	367,221	383,777
Investments		5	178,079	186,652
Total income			545,300	570,929
Ettittdtd) tufa' 0;
CgsLofraIsiaILfunda
Investment management		6	66,444	43,080
Charitable activities		7	362,681	318,839
Total resources expended			429,125	361,919
Net gains/(losses)	on investments	11	(15,917)	82,312
Net movement in	funds		100,258	291,322
Fund balances at 1 January 2020			8 871435	8580 113
Fund balances at	31 December 2020		8,971,693	8,871,435

				2020		2019
			Notes	6		F
Fixed assets Tangible assets Investment properties Investments			13 14 15		4,530,455 3,699,657 207,833	4,229,545 3,434,484 219,249
					8,437,945	7,883,278
Current assets
Debtors			17	36,743		52,555
Cash at bank and	in	hand		522,027		985,761
				558,770		1,038,316
Creditors: amounts one year		falling due within	18	(25,022)		(50,159)
Net current assets					533,748	988,157
Total assets less	current liabilities				8,971,693	8,871,435
Income funds
gn~rr'gtatLf fnnmd Designated funds General funds			19	8,621,693 350,000		6,039,462 2,831,973
					8,971,693	8,871,435
					8,971,693	8,871,435

					2020		2019
				Notes	6		6
Cash flows from operating		activities
Cash generated from operations				21		31,667		103,486
Investing	activities
Purchase	oftangible fixed assets				(403,806)		(86,072)
Purchase	of investment property				(265,173)		(17,906)
Purchase	ofother investments				(4,501)		(4,370)
Investment	income received				178,079		186,652
Net cash investing	(used in)lgenerated activities		from			(495,401)		78,304
Net cash	used in financing	activities
Net (decrease)lincrease in equivalents		cash and cash				(463,734)		181,790
Cash and	cash equivalents	at beginning		ofyear		985,761		803,971
Cash and	cash equivalents	at	end of	year		522,027		985,761

Almhouse properties:
General fabric ofthe	building	Over 50Years
Kitchen and bathroom	fixtures and fitting	Over 15years
Central heating systems		Over 15years
Almshouse equipment		10%to 25% on straight	line or reducing	balance

		Unrsstrlctad
		funds	Total
		2020	2010
		2	2
Maintenance	charge	366,699	381,854
Other income		522	1,923
		367,221	383,777

		Unrestricted
		funds	Total
		2020	2019
		6
Rental	income	168,767	176,705
Income	from listed investments	8,511	8,380
Interest	receivable	801	1,567
		178,079	186,652

Cost ofraising f	und	s
				Unrestricted
				funds	Total
				2020	2019
					F
Inv t
Rental management		fee		13,786	10,900
Repairs and insurance				16,244	28,813
Rates				992	1,638
Light heat and water					275
Legal and professional			fees	4,452	1,454
Rent free periods				18,970
Bad debts wditten	off			12,000
				66,444	43,080

		2020	2019
		8	6
Almshouses
Staff costs		48,115	45,168
Depreciation and impairment Repairs and maintenance Water		100,565 77,703 25,143	92,460 54,493 23,266
Electricity and gas General insurance and licences		29,239 10,373	33,614 9,177
Communication care and telephone		4,778	4,711
Annual outing, Christmas Bad debts written off	gifts and social expenses	2,400	4,442 2,528
		298,316	269,859
Support costs (see note 8) Governance costs (see note 8)		58,218 6,147	43,056 5,924
		362,681	318,839

Support costs
	Support	Governance	2020	Support	Governance	2019
	costs	costs		costs	costs
	8			6	F	f
Staff costs	48,255		48,255	35,582		35,582
Depreciation	2,331		2,331	2,331		2,331
Telephone	2,015		2,015	1,239		1,239
Office expenses	2,528		2,528	1,230		1,230
Bank charges	559		559	571		571
Legal fees	2,110		2,110	1,431		1,431
Sundry expenses	420		420	672		672
Audit fees		4,890	4,890		4,686	4,686
Trustees indemnity
insurance
		739	739		739	739
Sundry expenses		518	518		499	499
	58,218	6,147	64,365	43,056	5,924	48,980
Analysed between
Charitable activities	58,218	6,147	64,365	43,056	5,924	48,980

number of full	time equivalent employees by function	was:
		2020	2019
		Number	Number
Almshouses
Administration
Employment	costs	2020	2019
		E	2
Wages and salaries		90,153	76,365
Social security	costs	1,744	75
Other pension	costs	4,473	4,310
		96,370	80,750

Net gains/(l	osses) on inv	estm	ents
				Unrestricted	Total
				funds
				2020f	2019 6
Revaluation	(losses)/gains	on	investments	(15,917)	82,312

13	Tangible fixed assets	Almshouses	Almshouse	Office	Total
		and land	equipment	equipment
		8	8	8
	Cost At 1 January 2020 Additions	4,667,156 390,851	36,551 12,955	13,662	4,717,369 403,806
	At 31 December 2020	5,058,007	49,506	13,662	5,121,175
	Depreciation and impairment At 1 January 2020 Depreciation charged in the year	474,350 96,640	3,655 3,925	9,819 2,331	487,824 102,896
	At 31 December 2020	570,990	7,580	12,150	590,720
	Carrying amount At 31 December 2020	4,487,017	41,926	1,512	4,530,455
	At 31 December 2019	4,192,806	32,896	3,843	4,229,545
14	investment property				2020
					5
	Fair value At 1 January 2020 Redevelopment (Planning fees etc33 Monday 20 Sedgefield Gardens	Market Street)			3,434,484 35,714 229,459
	At 31 December 2020				3,699,657

15	Fixed asset investme	nts
					Listed
					Investments
	Cost or valuation
	At 1 January 2020				219,249
	Additions				4,501
	Valuation changes				(15,917)
	At 31 December 2020				207,833
	Carrying amount
	At 31 December 2020				207,833
	At 31 December 2019				219,249
18	Financial instruments			2020	2019
				8
	Carrying amount of	financial assets
	instruments measured	at fair value through	profit or loss	207,833	219,249
17	Debtors
	Amounts falling due	within one year:		2020	2019f
	Trade debtors			24,749	41,469
	Other debtors			3,380	1,586
	Prepayments and accrued income			8,614	9,500
				36,743	52,555
18	Creditors: amounts	falling due within one year
				2020	2019
				8	8
	Trade creditors			6,989	22,074
	Other creditors			601	645
	Accruals and deferred	income		17,432	27,440
				25,022	50,159

trustees for	s	pecific	purposes.
					Movement	in funds
			Balance at 1 January 2020 6	Incoming resources	Resources expended 8	Transfers	investments gains/losses f	Balance at 31 December 2020 6
Designated		funds
Extraordinary		repair
and development fund			1,815,000			(1,488,419)		326,581
Cyclical maintenance		fund	31,656			33,344		65,000
Fixed assets		fund:
Almshouse	assets		4,192,806		(102,896)	440,545		4,530,455
Fixed assets		fund:
Investment
properties						3,699,657		3,699,657
			6,039,462		(102,896)	2,685,127		8,621,693
General funds			2,831,973	545,300	(326,229)	(2,685,127)	(15,917)	350,000
			8,871,435	545,300	(429,125)		(15,917)	8,971,693

Cash generated from operations		2020 F	2019f
Surplus for the year		100,258	291,322
Adjustments for:
investment income recognised in statement offinancial Fair value gains and losses on investments Depreciation and impairment oftangible fixed assets	activities	(178,079) 15,917 102,896	(186,652) (82,312) 94,791
Movements in working capital: Decrease/(increase) in debtors (Decrease)/increase in creditors		15,812 (25,137)	(14,596) 933
Cash generated from operations		31,667	103,486