| Unre- Endow- Total | Unre- Endow- Total | Total | |
|---|---|---|---|
| striated ment Funds | Funds | ||
| Funds | Fund 2020 | 2019 | |
| INCOMING RESOURCES | £ £ £ | £ | |
| Donations | 223 | 223 | 223 |
| Allotment Rents | 990 | 990 | 760 |
| Heating Contributions | 4,238 | 4,238 | 5,616 |
| Maintenance Contributions | 22,153 | 22,153 | 23,126 |
| Bank Interest | |||
| CIF Accumulated and Paid Income | 3,122 | 3,122 | 2,846 |
| TOTAL INCOMING RESOURCES | £30,726 | £30,726 | £32,571 |
| RESOURCES EXPENDED | |||
| Donations | 0 | 0 | 0 |
| Repairs and Maintenance Light and Heat Insurances Water rates |
9,951 2,548 838 155 |
9,951 2,548 838 155 |
6,828 2,052 8500 |
| TV Licence | 23 | 23 | 23 |
| Clerks Wages Accountancy |
2,548 1,096 |
2,548 1,096 |
2,400 978 |
| Sundries | 894 | 894 | 769 |
| Subscriptions | 140 | 140 | 133 |
| Loan Interest Professional Fees |
935 18 |
935 18 |
1,174 216 |
| Depreciation | 280 | 280 | 280 |
| TQTALRESOURCES EXPENDED | £19,453 | £19,453 | £15,703 |
| NET INCOMING RESOURCES | 11,273 | 11,273 | 16,868 |
| Gain/ (loss) on revaluation of investment assets | ^5.745) | (5.745) | 8,775 |
| Net Movement in Funds | 5,528 5,528 25,643 | ||
| Total Funds brought forward | 82,383 140.000 222,383 196.737 | ||
| TOTAL FUNDS carried forward | 87,911 140.000 227,911 222.383 |
| BALANCE SHEET | BALANCE SHEET | ||
|---|---|---|---|
| As at 31 December 2020 | |||
| 2020 | 2019 | ||
| £ £ | £ | £ | |
| FIXED ASSETS | |||
| Tangible Fixed Assets | |||
| Freehold Property (Note 4) Fixtures and Fittings (Note 4) |
140,000 867 |
140,000 1,147 |
|
| Investments (Note 5) | 77,522 | 75,336 | |
| 218,389 | 216,483 | ||
| CURRENT ASSETS | |||
| Trade Debtors Prepayments and accrued income |
1,068 202 |
1,4110 | |
| Prepaid Planning Costs | 13,444 | 0 | |
| Balances at Bank: | |||
| Deposit Account | 275 | 275 | |
| Current Account | 9,671 | 22,695 | |
| 24,660 | 24,381 | ||
| LIABILITIES: amounts falling due | |||
| within one year (Note 6) | 6,283 | 5,208 | |
| NET CURRENT (LIABILITIESVASSETS | 18.377 | 19.173 | |
| TOTAL ASSETS LESS CURRENT LIABLIT1ES | 236,766 | 235,656 | |
| LIABILITIES: amounts falling due | |||
| after more than one year (Note 7) | 8,855 | 13.273 | |
| NET ASSETS | 227,911 | 222,383 | |
| REPRESENTED BY: | |||
| Endowment Fund (Note 8) | 140,000 | 140,000 | |
| LLnrestricted Funds | |||
| Designated Funds (Note 9) | |||
| - Extraordinary Repair Fund | 69,487 | 59,610 | |
| - Cyclical Maintenance Fund | 6,262 | 7,805 | |
| Routine Maintenance Fund | 12,162 | 14,968 | |
| £227,911 | £222,383 |
| 3. | Independent examiners' fees | 2020 £ 200 |
2019£ 192 |
|---|---|---|---|
| Accountancy fees | 896 | 786 |
| angible Fixed Assets | ||
|---|---|---|
| Other assets Freehold Property Total £ £ £ |
||
| Cost | ||
| 1 January 2020 Additions |
1,901 | 140,000 141,901 |
| Disposals | ||
| 31 December 2020 | 1,901 | 140,000 141,901 |
| Depreciation | ||
| 1 January 2020 | 754 | 754 |
| Charge for the year | 280 | 280 |
| On disposals | ||
| 31 December 2020 | 1.034 | 1,034 |
| Net Book Amount | ||
| 31 December 2020 | ^67_ | 140,000 140.867 |
| 1 January 2020 | 1,147 | 140,000 141.147 |
| 5. Investments | ||
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| 788.395 shares The National Association of Almshouses | ||
| Common Investment Fund - Accumulation | ||
| Fair Value at 1.1.2020 | 75,336 | 63,715 |
| Purchase | 0 | 0 |
| Accumulated Income | 2,931 | 2,846 |
| Disposal Proceeds | 0 | 0 |
| Net profit /(loss) on revaluation Fair Value at 31.12.2020 |
5,328) 72.939 |
8.775 75.336 |
| £ | £ | |
| 5480.654 shares The National Association ofAlmshouses | ||
| Common Investment Fund - Income | ||
| Fair Value at 1.1.2020 | 0 | 0 |
| Purchase | 5,000 | 0 |
| Net profit /(loss) on revaluation Fair Value at 31.12.2020 |
41Z) 4.583 |
0 0 |
| Fair value at 31.12.2020 is based on bid price at that date. | ||
| 2020 | 2019 | |
| £ | £ | |
| 6. Liabilities: amounts falling due within_one year | ||
| Trade creditors Loans (Note 7) |
1,870 4,413 |
1,049 4,159 |
| 6.283 | 5,208 | |
| 7. Loan from Charities Aid Foundation | ||
| 2020 £ |
2019£ | |
| The loan capital is shown on the Balance Sheet as follows:- | ||
| Due within one year (Note 6) | 4,413 | 4,158 |
| Due after one year | 8,855 | 13.273 |
| 13.268 | 17,432 |
| esignated Funds | ||||
|---|---|---|---|---|
| Movement in Funds | ||||
| 1.1.2020 | Incoming Expenditure 31.12.2020 | |||
| Resources | (Loss) and | |||
| Transfers | ||||
| £ | £ | £ | £ | |
| Extraordinary Repair Fund Cyclical Maintenance Fund |
59,610 7,805 |
3,122 0 |
6,755 (1,543) |
69,487 6,262 |
| Endowment | ||
|---|---|---|
| Fund£ | ERF CMF RMF Total £ £ £ £ |
|
| Tangible Fixed Assets | 140,000 | 867 140,867 |
| Investments | 77,522 77,522 | |
| Net Current Assets | 820 6,262 11,295 18,377 | |
| Long term Liabilities | 140,000 | (8.855) _(8,855) 69.487 6.262 12,162 227,911 |
| For the year ended 31 December 2020 | ||
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| INCOME | ||
| M&G income | 191 | 0 |
| Donation from March Educational Foundation | 223 | 223 |
| Rent from Allotments | 990 | 760 |
| Heating Charges Maintenance Contributions |
4,238 22 153 |
5,616 23.126 |
| 27.795 | 29.725 | |
| EXPENDITURE | ||
| Treasurer's Honorarium | 2,575 | 2,400 |
| Repairs and Maintenance Light and Heat Insurances |
9,952 2,548 838 |
6,828 2,052 850 |
| The Almshouses Association Subscription and Donation Planning Costs for Proposed Almshouses |
140 13,444 |
133 0 |
| Accountancy, Professional Fees and Sundry Expenses Purchase of units in the NAACIF fund |
2,031 5,000 |
1,984 0 |
| Water rates | 155 | 0 |
| Charities Aid Foundation Loan Repayments (Including Interest Charges) | 5,099 | 5.094 |
| 41 782 | 19.341 | |
| EXPENDITURE OVER INCOME for the year | (13,987) | 10,384 |
| LIQUID FUNDS brought forward | 23,332 | 12.948 |
| LIQUID FUNDS carried forward | 9,345 | 23,332 |
| REPRESENTED BY: | ||
| Trade Debtors and Prepayments Balances at Lloyds TSB Bank Pic: |
1,271 | 1,411 |
| Deposit Account | 275 | 275 |
| Current Account | 9,671 | 22.695 |
| 11,217 | 24,381 | |
| Trade Creditors and Accruals | 1,868 | 1.049 |
| NET CURRENT ASSETS | 9,345 | 23,332 |