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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|
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||||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|
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|||||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|
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||||||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|
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|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|
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|||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|
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|||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|
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|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|
##
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##
|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|
##
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|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|
##
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##
|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|
##
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|21|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|