| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 2 |
| Independent Examiner's Report |
|||
| Statement ofFinancial Activities | |||
| Balance Sheet | |||
| Notes to the Financial Statements | 6 | to | 10 |
| Detailed Statement ofFinancial Activities |
| for the | Year En | ded 31December | 2020 | |||
|---|---|---|---|---|---|---|
| 31.12.20 | 31.12.19 | |||||
| Unrestricted | Endowment | Total | Total | |||
| fund | fund | funds | funds | |||
| Notes | ||||||
| INCOME AND ENDOWMENTS FROM | ||||||
| Investment income |
42,703 | 42,703 | 42,313 | |||
| EXPENDITURE ON | ||||||
| Raising funds | 17,453 | 17,453 | 21,773 | |||
| Charitable activities |
||||||
| For the support ofthe | residents ofthe Almshouses | 7,055 | 7,055 | 6,690 | ||
| Total | 24,508 | 24,508 | 28,463 | |||
| Net gains on investments | 13,792 | 13,792 | 26,043 | |||
| NET INCOME | 18,195 | 13,792 | 31,987 | 39,893 | ||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought | forward | 53,099 | 310,391 | 363,490 | 323,597 | |
| TOTAL FUNDS CARRIED FORWARD | 71,294 | 324,183 | 395,477 | 363,490 |
| 31De | cember 2020 | ||||
|---|---|---|---|---|---|
| 31.12.20 | 31.12.19 | ||||
| Unrestricted | Endowment | Total | Total | ||
| fund | fund | funds | funds | ||
| Notes | |||||
| FIXEDASSETS | |||||
| Tangible assets | 160,000 | 160,000 | 160,000 | ||
| Investments | 164,183 | 164,183 | 150,391 | ||
| 324,183 | 324,183 | 310,391 | |||
| CURRENT ASSETS | |||||
| Debtors | 8,707 | 8,707 | 5,081 | ||
| Cash at bank | 65,668 | 65,668 | 49,255 | ||
| 74,375 | 74,375 | 54,336 | |||
| CREDITORS | |||||
| Amounts falling due within one year |
(3,081) | (3,081) | (1,237) | ||
| NET CURRENT ASSETS | 71,294 | 71,294 | 53,099 | ||
| TOTAL ASSETSLESSCURRENT | |||||
| LIABILITIES | 71,294 | 324,183 | 395,477 | 363,490 | |
| NET ASSETS | 71,294 | 324,183 | 395,477 | 363,490 | |
| FUNDS | 10 | ||||
| Unrestricted funds |
71,294 | 53,099 | |||
| Endowment funds |
324,183 | 310,391 | |||
| TOTAL FUNDS | 395,477 | 363,490 |
| INVESTMENT INCOME | ||
|---|---|---|
| 31.12.20 | 31.12.19 | |
| Rents received | 41,851 | 41,460 |
| Investment income |
837 | 821 |
| Deposit account interest | 15 | 32 |
| 42,703 | 42,313 |
| Investment | Investment | management | costs | ||
|---|---|---|---|---|---|
| 31.12.20 | 31.12.19 | ||||
| Insurance | 1,323 | 1,276 | |||
| Property | repairs | 6,034 | 11,679 | ||
| Utilities | 10,096 | 8,818 | |||
| 17,453 | 21,773 |
| Unrestricted | Endowment | Total | ||
|---|---|---|---|---|
| fund | fund | funds | ||
| INCOME AND ENDOWMENTS FROM | ||||
| Investment income |
42,313 | 42,313 | ||
| EXPENDITURE ON | ||||
| Raising funds | 21,773 | 21,773 | ||
| Charitable activities |
||||
| For the support ofthe residents ofthe | ||||
| Almshouses | 6,690 | 6,690 | ||
| Total | 28,463 | 28,463 | ||
| Net gains on investments | 26,043 | 26,043 | ||
| NET INCOME | 13,850 | 26,043 | 39,893 | |
| RECONCILIATION | OFFUNDS | |||
| Total funds brought forward | 39,249 | 284,348 | 323,597 | |
| TOTAL FUNDS CARRIED FORWARD | 53,099 | 310,391 | 363,490 |
| . | TANGIBLE FIXEDAS | SETS | |||
|---|---|---|---|---|---|
| Freehold | |||||
| property | |||||
| COST | |||||
| At 1 January 2020 and 31 | December 2020 | 160,000 | |||
| NET BOOKVALUE | |||||
| At 31December 2020 | 160,000 | ||||
| At 31December 2019 | 160,000 | ||||
| 7. | FIXEDASSETINVESTMENTS | ||||
| Listed | |||||
| investments | |||||
| MARKET VALUE | |||||
| At 1 January 2020 | 150,391 | ||||
| Revaluations | 13,792 | ||||
| At 31December 2020 | 164,183 | ||||
| NET BOOKVALUE | |||||
| At 31December 2020 | 164,183 | ||||
| At 31December 2019 | 150,391 | ||||
| There were no investment | assets outside the UK. | ||||
| 8. | DEBTORS:AMOUNTS | FALLING DUE WITHIN ONE YEAR | |||
| 31.12.20 | 31.12.19 | ||||
| Other debtors | 8,707 | 5,081 | |||
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 31.12.20 | 31.12.19 | ||||
| Other creditors | 3,081 | 1,237 | |||
| 10. | MOVEMENT IN FUNDS | ||||
| Net | |||||
| movement | At | ||||
| At 1.1.20 | in funds | 31.12.20 | |||
| Unrestricted funds |
|||||
| General fund |
53,099 | 18,195 | 71,294 | ||
| Endowment funds |
|||||
| Expendable Endowment |
Fund | 310,391 | 13,792 | 324,183 | |
| TOTAL FUNDS | 363,490 | 31,987 | 395,477 |
| Incoming | Resources | Gains and | Movement | |||||
|---|---|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||||
| Unrestricted | funds | |||||||
| General fund | 42,703 | (24,508) | 18,195 | |||||
| Endowment | funds | |||||||
| Expendable | Endowment | Fund | 13,792 | 13,792 | ||||
| TOTALFUNDS | 42,703 | (24,508) | 13,792 | 31,987 | ||||
| Comparatives | for movement | in funds | ||||||
| Net | ||||||||
| movement | At | |||||||
| At 1.1.19 | in funds | 31.12.19 | ||||||
| Unrestricted | funds | |||||||
| General fund | 39,249 | 13,850 | 53,099 | |||||
| Endowment | funds | |||||||
| Expendable | Endowment | Fund | 284,348 | 26,043 | 310,391 | |||
| TOTAL FUNDS | 323,597 | 39,893 | 363,490 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| Unrestricted | funds | |||||
| General fund | 42,313 | (28,463) | 13,850 | |||
| Endowment | funds | |||||
| Expendable | Endowment | Fund | 26,043 | 26,043 | ||
| TOTALFUNDS | 42,313 | (28,463) | 26,043 | 39,893 |
| Net | |||||
|---|---|---|---|---|---|
| movement | At | ||||
| At 1.1.19 | in funds | 31.12.20 | |||
| Unrestricted | funds | ||||
| General fund | 39,249 | 32,045 | 71,294 | ||
| Endowment | funds | ||||
| Expendable | Endowment | Fund | 284,348 | 39,835 | 324,183 |
| TOTALFU | NDS | 323,597 | 71,880 | 395,477 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| Unrestricted | funds | |||||
| General fund |
85,016 | (52,971) | 32,045 | |||
| Endowment | funds | |||||
| Expendable | Endowment | Fund | 39,835 | 39,835 | ||
| TOTAL FUNDS | 85,016 | (52,971) | 39,835 | 71,880 |
| for the Year Ended 31 | December 2020 | ||
|---|---|---|---|
| 31.12.20 | 31.12.19 | ||
| INCOME AND ENDOWMENTS | |||
| Investment income |
|||
| Rents received | 41,851 | 41,460 | |
| Investment income |
837 | 821 | |
| Deposit account interest | 15 | 32 | |
| 42,703 | 42,313 | ||
| Total incoming resources |
42,703 | 42,313 | |
| EXPENDITURE | |||
| Investment management |
costs | ||
| Insurance | 1,323 | 1,276 | |
| Property repairs |
6,034 | 11,679 | |
| Utilities | 10,096 | 8,818 | |
| 17,453 | 21,773 | ||
| Charitable activities |
|||
| Telephone and Lifelines |
632 | 584 | |
| Support costs | |||
| Management | |||
| Sundries | 190 | 20 | |
| Governance costs |
|||
| Management fees |
5,694 | 5,556 | |
| Accountancy and legal fees |
360 | 360 | |
| Almshouse Association |
179 | 170 | |
| 6,233 | 6,086 | ||
| Total resources expended | 24,508 | 28,463 | |
| Net income | 18,195 | 13,850 |