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||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|||
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|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||
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|3.|Independent examiners' fees|2020
£
200|2019£
192|
|---|---|---|---|
||Accountancy fees|896|786|
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|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|
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|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|
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|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|
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||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|
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|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|
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