2020-12-31-accounts

Chairman	Mr J R Clarke
Other Co−optative Trustees	Mr W T Cade
	Mrs D M Tingey
	Mrs M Chapman
Nominative Trustees	Mr A Johnston
	Mr A J Lavender
	Mrs P Taylor
	Mr H Edwards
Clerk to the Trustees	Mrs C Johnson
Principal Address	3 Little VVtlyte
	Ramsey
	Huntingdon
	Cambridgeshire
	PE26 1DS
Principal Bankers	Barclays Bank plc
	Market Hill
	Huntingdon
	Cambridgeshire
Reporting Accountants	Whiting & Partners
	Chartered Accountants, Business Advisers
	and Registered Auditors
	108 High Street
	Ramsey
	Cambridgeshire
	PE26 IBS
Solicitors	Serjeant & Son
	3−5 Great Whyte
	Ramsey
	Cambridgeshire
	PE26 1HE

			2020			2019
		Unrestricted	Restricted	Endowment	Total
		Funds	Funds	Funds	Funds
			(Jones Court)
						E
	Note
Income and Endowments from:
Charitable activities	2	11.430	205,634		217,064	226.632
Investments	3	17,979	1,475		19,454	16.532
Donations and legacies	4
Total Income		29,409	207,109		236,518	243,164
Expenditure on:
Charitable activities:
Costs of activities in furtherance of	the
objects of_the_ Charity	5	14,022	173,778		187.800	192.703
Governance costs	6	1,557	11,757		13,314	12,870
Raising funds	7	5,417			5,417	27,687
Total Expenditure		20,996	185,535		206,531	233,260
Net Income before Unrealised Gains		8.413	21,574		29,987	9,904
Unrealised Gains on
Investment Assets	11	5.959		26,704	32,663	15.312
Net income		14,372	21,574	26.704	62,650	25.216
Transfers between Funds
Net Movement in Funds		14,372	21,574	26.704	62,650	25,216
Reconciliation of Funds:
Fund balances brought forward
at 1 January 2020		266,062	372,857	134,721	773,640	748,424
Fund balances carried forward at
31 December 2020		280,434	394,431	161,425	836,290	773,640

		2020	2019
	Note		E
Fixed Assets
Tangible Fixed Assets	10	341,810	348,139
Investments	11	490,121	457,459
		831,931	805,598
Current Assets
Debtors & prepayments	12	1,698	1,698
National Savings Income Bonds		2,000	2,000
Cash at Bank and in Hand		306,945	281,550
		310,643	285,248
Creditors: Amounts falling due
within one year	13 & 18	12,721	16,312
Net Current Assets		297,922	268,936
Total assets less current liabilities		1,129,853	1,074,534
Creditors: Amounts falling due
after more than one year	14	(293,563)	(300,894)
Net Assets	15	836,290	773,640
FUNDS
Endowment Fund		161,425	134,721
Restricted Reserves	16
Jones Court Ordinary Fund		63,199	74,965
Jones Court Extension Fund		126,327	128.516
Jones Court Cyclical Maintenance Fund		204,905	169.376
Unrestricted Reserves
Relief in Need & Almshouse General Fund		178.372	172,701
Almshouse Cyclical Maint. Fund (Desg'd)		35,221	32,477
Almshouse Extraordinary Repair Fund (Desg'd)		66,841	60,884
		836,290	773.640

		2020		2019
	E	e	E	E
	General	Restricted	Totals	Total
	Fund	Fund	Funds	Funds
Contributions from Tenants	11,430	205,466	216,896	225,508
Letting of Guest room		168	168	1,124
Miscellaneous		0	0	0
	11,430	205,634	217.064	226,632

		2020		2019
	E	E	E	E
	General	Restricted	Totals	Total
	Fund	Fund	Funds	Funds
Endowment land rents	2.075		2,075	1,694
Investment property rent	14,700		14,700	12,250
Dividends on investments	904		904	886
Interest received	300	1,475	1,775	1,702
	17,979	1,475	19,454	16,532

**NATIONS **	AND LEGACIES
				2020			2019
				E	E		E
		General		Restricted	Totals		Total
		Fund		Fund	Funds		Funds
Donations	received		0			0		0

		2020		2019
	E	E	E	E
	General	Restricted	Totals	Total
	Fund	Fund	Funds	Funds
Employee costs (note 8)		34,780	34,780	30,693
Repairs and Maintenance	953	28,976	29,929	24,499
Cleaning		2,932	2,932	2,701
Insurance	792	5,213	6,005	5,719
Cyclical repairs		31,694	31,694	47,540
Garden maintenance		8.085	8,085	9,336
Heating & lighting		24,125	24,125	25,394
Water rates	263	5,563	5,826	5,554
Interest on loan from Housing Corporation		17,218	17,218	17,345
Bank loan fees & interest	5,558		5.558	6,787
Sundry expenses	5,466	2.046	7,512	2,963
Payment re Jones Court	0	0	0	0
Proportion of Clerk's remuneration	990	5,276	6,266	6,143
Depreciation of Jones Court		1,327	1,327	1,199
Depreciation of extension to Jones Court		2.189	2.189	2.189
Depreciation of furniture & fittings		4,354	4,354	4,641
	14,022	173,778	187,800,	192,703

		2020		2019
	E	E	E	E
	General	Restricted	Totals	Total
	Fund	Fund	Funds	Funds
Proportion of Clerk's remuneration	990	5.278	8.286	8.143
Telephone		1.757	1,757	2.285
Postage, printing, stationery 8 adverts		1,242	1.242	845
Council tax paid on units	0	949	949	0
Accountancy 8 Audit	567	2 533	3.100	3,597
	1.557	11 757	13,314,	12,870

ITURE	ON RAI	SING FUNDS
				2020		2019
			E	E	E	E
			General	Restricted	Totals	Total
			Fund	Fund	Funds	Funds
Rental	property	costs	5.417		5,417	27,687

	2020	2019
Salaries and wages	32.551	28,484
CRB checks		0
National Insurance	1576	1576
Pension scheme	653	653
	34,780	30,593

10. TANGIBLE FIXED ASSETS
	Freehold	Fbctures
	Land and	and
	Buildings	Fittings	Total
Cost
at 1 January 2020	1,591,648	23.196	1,614.842
Additions		1,541	1.541
Fully depreciated assets written off			(2.959)
at 31 December 2020	1,591.646	21.776	1,613.424
Less: Housing Association Grant	(1.196,568)		(1,196,568)
Net cost at 31 December 2020	395,078	21.778	416,856
Depreciation
at 1 January 2020	57,849	12,286	70,135
Charge for the year	3,516	4,354	7,870
Depreciation written off		(2,959)	(2,959)
et 31 December 2020	61,365	13,881	75,048
Net b o o k value
at 31 December 2020	333.713	8,097	341.810
at 31 December 2019	337.229	10,910	348,139

11. FIXED ASSET INVESTMENTS
	2020	2019
Listed investments
Market value 1 January 2020
COIF −Income shares (Endowment Fund)	29.521	25,043
Accumulation Shares (General Fund)	60,884	50,050
	90,405	75,093
Net unrealised investment gains (losses)	7,846	15,312
Market value 31 December 2020	98,251	90,405
Freehold Investment Property
House at 99 Great Whyte, Ramsey −at valuation 31 December 2019	160,000	160.000
House at 97 Great Whyte, Ramsey −cost 29 October 2018	153,633	153,633
	313,633	313,633
Tenanted Land held for Investment
Market value 1 January 2020
3.475 acres land, Stocking Fen, Ramsey	10,425	9,730
4.104 acres land, Ramsey Forty Foot	12,312	11,491
5.500 acres land, Ramsey Forty Foot	16,500	15,400
6.000 acres land, The Hollow, Ramsey	39,000	16,800
	78,237	53,421
Net unrealised investment gains (losses)	0	0
Market value 31 December 2020	78,237	53,421
	490,121	457,459
12. DEBTORS
	2020	2019
Amounts due to restricled fund (creditor in the General Fund)	1,697	1,697
13. CREDITORS: AMOUNTS FALLING DUE %WHIN ONE YEAF
	2020	2019
		£
Trade Creditors	12,721	16,312

	Tangible		Other Net	Long Term
	Fixed Assets	Invats.	Curr. Assets	Liabilities	Total
Endowment Fund	37,000	122,425	2,000		161,425
Restricted Funds
Jones Court −General	178,484		49,667	(164,952)	63,199
Jones Court −New Building	126,327				126,327
Jones Court −CMF			204,905		204,905
	341,811	122,425	256,572	(164,952)	555,856
Unrestricted Funds		367,696	41,350	(128,611)	280,435
	341,811	490,121	297,922	(293,563)	836,291

				Transfers
		Balance		between		Balance	Balance
		01.01.20	income	Funds	Expenditure	31.12.20	31.12.19
Jones	Court −General	74,985	205,651	(34,071)	(183,347)	63,198	74.965
Jones	Court−New Building	128,516			(2,189)	126,327	128,516
Jones	Court −CMF	169,376	1,458	34,071		204,905	189,376
		372,857	207,109	−	(185,536)	394,430	372,857