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2021-12-31-accounts
|
|
|
| Other Co−optative Trustees |
Mr W T Cade |
|
|
Mrs D M Tingey |
(resigned 19 August 2021) |
|
Mrs M Chapman |
|
|
Mrs S Tingey |
(appointed 19 August 2021) |
| Nominative Trustees |
Mr A Johnston |
|
|
Mr A J Lavender |
|
|
Mrs P Taylor |
|
|
Mr H Edwards |
|
| Clerk to the Trustees |
Mrs C Johnson |
|
| Principal Address |
Jones Court |
|
|
Great Whyte |
|
|
Ramsey |
|
|
Huntingdon |
|
|
Cambridgeshire |
|
|
PE26 1HW |
|
| Principal Bankers |
Barclays Bank plc |
|
|
Market Hill |
|
|
Huntingdon |
|
|
Cambridgeshire |
|
| Independent Examiner |
J D Cater FCA |
|
|
Whitings LLP |
|
|
Chartered Accountants, |
Business Advisers |
|
and Registered Auditors |
|
|
108 High Street |
|
|
Ramsey |
|
|
Cambridgeshire |
|
|
PE26 lBS |
|
| Solicitors |
Serjeant & Son |
|
|
3−5 Great Whyte |
|
|
Ramsey |
|
|
Cambridgeshire |
|
|
PE26 1HE |
|
|
|
|
|
2021 |
|
|
2020 |
|
|
|
Unrestricted |
Restricted |
Endowment |
Total |
|
|
|
|
Funds |
Funds |
Funds |
Funds |
|
|
|
|
|
(Jones Court) |
|
|
|
|
Note |
|
|
|
|
|
|
| Income and Endowments from: |
|
|
|
|
|
|
|
| Charitable activities |
2 |
|
10,575 |
218,914 |
|
229,489 |
217,064 |
| Investments |
3 |
|
18,084 |
27 |
|
18,111 |
19,454 |
| Donations and legacies |
4 |
|
− |
|
|
5 |
− |
| Total Income |
|
|
28,664 |
218,941 |
|
247,605 |
236,518 |
| Expenditure on: |
|
|
|
|
|
|
|
| Charitable activities: |
|
|
|
|
|
|
|
| Costs of activities in furtherance of |
the |
|
|
|
|
|
|
| objects of the Charity |
5 |
|
12,170 |
188,407 |
|
200,577 |
187,800 |
| Govemance costs |
6 |
V |
1,682 |
11,765 |
|
13,447 |
13,314 |
| Raising funds |
7 |
|
3,225 |
|
|
3,225 |
5,417 |
| Total Expenditure |
|
|
17,077 |
200,172 |
|
217,249 |
206,531 |
| Net Income before Unrealised Gains |
|
|
11,587 |
18,769 |
|
30,356 |
29,987 |
| Unrealised Gains on |
|
|
|
|
|
|
|
| Investment Assets |
11 |
|
5,959 |
|
26,704 |
32,663 |
32,663 |
| Net Income |
|
|
17,546 |
18,769 |
26,704 |
63,019 |
62,650 |
| Transfers between Funds |
|
|
|
|
|
|
|
| Net Movement in Funds |
|
|
17,546 |
18,769 |
26,704 |
63,019 |
62,650 |
| Reconciliation of Funds: |
|
|
|
|
|
|
|
| Fund balances brought forward |
|
|
|
|
|
|
|
| at 1 January 2020 |
|
|
266,062 |
372,857 |
134,721 |
773,640 |
773,640 |
| Fund balances carried forward at |
|
|
|
|
|
|
|
| 31 December 2021 |
|
|
283,608 |
391,626 |
161,425 |
836,659 |
836,290 |
|
|
2021 |
2020 |
|
Note |
|
|
| Fixed Assets |
|
|
|
| Tangible Fixed Assets |
10 |
335,349 |
341,810 |
| Investments |
11 |
506,198 |
490,121 |
|
|
841,547 |
831,931 |
| Current Assets |
|
|
|
| Debtors & prepayments |
12 |
1,698 |
1,698 |
| National Savings Income Bonds |
|
2,000 |
2,000 |
| Cash at Bank and in Hand |
|
335,577 |
306,945 |
|
|
339,275 |
310,643 |
| Creditors: Amounts falling due |
|
|
|
| within one year |
13 & 18 |
27,258 |
12,721 |
| Net Current Assets |
|
312,017 |
297,922 |
| Total assets less current liabilities |
|
1,153,564 |
1,129,853 |
| Creditors: Amounts falling due |
|
|
|
| after more than one year |
14 |
(274,193) |
(293,563) |
| Net Assets |
15 |
879,371 |
836,290 |
| FUNDS |
|
|
|
| Endowment Fund |
|
188,129 |
161,425 |
| Restricted Reserves |
16 |
|
|
| Jones Court Ordinary Fund |
|
52,844 |
63,199 |
| Jones Court Extension Fund |
|
124,138 |
126,327 |
| Jones Court Cyclical Maintenance Fund |
|
239,943 |
204,905 |
| Unrestricted Reserves |
|
|
|
| Relief in Need & Almshouse General Fund |
|
189,733 |
178,372 |
| Almshouse Cyclical Maint. Fund (Desg'd) |
|
29,786 |
35,221 |
| Almshouse Extraordinary Repair Fund (Desg'd) |
|
78,462 |
66,841 |
|
|
903,035 |
836,290 |
|
|
2021 |
|
2020 |
|
£ |
£ |
£ |
£ |
|
General |
Restricted |
Totals |
Total |
|
Fund |
Fund |
Funds |
Funds |
| Contributions from Tenants |
10,575 |
218,854 |
229,429 |
216,896 |
| Letting of Guest room |
|
60 |
60 |
168 |
| Miscellaneous |
|
0 |
0 |
0 |
|
10,575 |
218,914 |
229,489 |
217,064 |
|
|
2021 |
|
2020 |
|
£ |
£ |
£ |
£ |
|
General |
Restricted |
Totals |
Total |
|
Fund |
Fund |
Funds |
Funds |
| Endowment land rents |
1,870 |
|
1,870 |
2,075 |
| Investment property rent |
15,275 |
|
15,275 |
14,700 |
| Dividends on investments |
922 |
|
922 |
904 |
| Interest received |
17 |
27 |
44 |
1,775 |
|
18,084 |
27 |
18,111 |
19,454 |
|
|
|
|
2021 |
|
|
2020, |
|
|
|
£ |
|
£ |
£ |
|
£ |
|
|
|
General |
|
Restricted |
Totals |
|
Total |
|
|
|
Fund |
|
Fund |
Funds |
|
Funds |
|
| Donations |
received |
|
5 |
|
|
5 |
|
0 |
|
|
2021 |
|
2020 |
|
£ |
£ |
£ |
£ |
|
General |
Restricted |
Totals |
Total |
|
Fund |
Fund |
Funds |
Funds |
| Employee costs (note 8) |
|
37,059 |
37,059 |
34,780 |
| Repairs and Maintenance |
4,552 |
30,558 |
35,110 |
29,929 |
| Cleaning |
|
4,517 |
4,517 |
2,932 |
| Insurance |
863 |
5,486 |
6,349 |
6,005 |
| Cyclical repairs |
|
31,564 |
31,564 |
31,694 |
| Garden maintenance |
|
8,085 |
8,085 |
8,085 |
| Heating & lighting |
|
33,361 |
33,361 |
24,125 |
| Water rates |
269 |
5,157 |
5,426 |
5,826 |
| Interest on loan from Housing Corporation |
|
17,077 |
17,077 |
17,218 |
| Bank loan fees & interest |
5,103 |
|
5,103 |
5,558 |
| Sundry expenses |
136 |
1,838 |
1,974 |
7,512 |
| Payment re Jones Court |
179 |
0 |
179 |
0 |
| Proportion of Clerk's remuneration |
1,068 |
5,694 |
6,762 |
6,266 |
| Depreciation of Jones Court |
|
1,468 |
1,468 |
1,327 |
| Depreciation of extension to Jones Court |
|
2,189 |
2,189 |
2,189 |
| Depreciation of fumiture & fittings |
|
4,354 |
4,354 |
4,354 |
|
12,170 |
188,407 |
200,577 |
187,800 |
|
|
2021 |
|
2020 |
|
£ |
£ |
£ |
£ |
|
General |
Restricted |
Totals |
Total |
|
Fund |
Fund |
Funds |
Funds |
| Proportion of Clerk's remuneration |
1,068 |
5,694 |
6,762 |
6,266 |
| Telephone |
|
1,909 |
1,909 |
1,757 |
| Postage, printing, stationery & adverts |
|
1,023 |
1,023 |
1,242 |
| Council tax paid on units |
47 |
110 |
157 |
949 |
| Accountancy & Audit |
567 |
3,029 |
3,596 |
3,100 |
|
1,682 |
11,765 |
13,447 |
13,314 |
| ITURE |
ON RAI |
SING FUNDS |
|
|
|
|
|
|
|
|
2021 |
|
2020 |
|
|
|
£ |
£ |
£ |
f |
|
|
|
General |
Restricted |
Totals |
Total |
|
|
|
Fund |
Fund |
Funds |
Funds |
| Rental |
property |
costs |
3,225 |
|
3,225 |
5,417 |
|
2021 |
2020 |
| Salaries and wages |
34,830 |
32,551 |
| CRB checks |
|
0 |
| National Insurance |
1576 |
1576 |
| Pension scheme |
653 |
653 |
|
37,059 |
34,780 |
| 10. TANGIBLE FIXED ASSETS |
|
|
|
|
Freehold |
Fixtures |
|
|
Land and |
and |
|
|
Buildings |
Fittings |
Total |
| Cost |
|
|
|
| at 1 January 2021 |
1,591,646 |
21,778 |
1,613,424 |
| Additions |
|
666 |
666 |
| Fully depreciated assets written off |
|
|
0 |
| at 31 December 2021 |
1,591,646 |
22,444 |
1,614,090 |
| Less: Housing Association Grant |
(1,196,568) |
|
(1,196,568) |
| Net cost at 31 December 2021 |
395,078 |
22,444 |
417,522 |
| Depreciation |
|
|
|
| a l l January 2021 |
61,365 |
13,681 |
75,046 |
| Charge for the year |
3,656 |
3,471 |
7,127 |
| Depreciation written off |
|
|
0 |
| at 31 December 2021 |
65,021 |
17,152 |
82,173 |
| Net book value |
|
|
|
| at 31 December 2021 |
330,057 |
5,292 |
335,349 |
| a131 December 2020 |
333,713 |
8,097 |
341,810 |
| 11. FIXED ASSET INVESTMENTS |
|
|
|
2021 |
2020 |
| Listed Investments |
|
|
| Market value 1 January 2020 |
|
|
| COIF −Income shares (Endowment Fund) |
31,409 |
29,521 |
| Accumulation Shares (General Fund) |
66,842 |
60,884 |
|
98,251 |
90,405 |
| Net unrealised investment gains (losses) |
16,077 |
7,846 |
| Market value 31 December 2020 |
114,328 |
98,251 |
| 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 |
10,425 |
| 4.104 acres land, Ramsey Forty Foot |
12,312 |
12,312 |
| 5.500 acres land, Ramsey Forty Foot |
16,500 |
16,500 |
| 6.000 acres land, The Hollow, Ramsey |
39,000 |
39,000 |
|
78,237 |
78,237 |
| Net unrealised investment gains (losses) |
0 |
0 |
| Market value 31 December 2020 |
78,237 |
78,237 |
|
506,198 |
490,121 |
| 12. DEBTORS |
|
|
|
2021 |
2020 |
|
|
£ |
| Amounts due to restricted fund (creditor in the General Fund) |
1,697 |
1,697 |
| 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
2021 |
2020 |
| Trade Creditors & Bank Loans |
27,258 |
12,721 |
|
Tangible |
|
Other Net |
Long Term |
|
|
Fixed Assets |
Invsts. |
Curr. Assets |
Liabilities |
Total |
| Endowment Fund |
37,000 |
126,881 |
2,000 |
|
165,881 |
| Restricted Funds |
|
|
|
|
|
| Jones Court −General |
174,211 |
|
42,117 |
(163,484) |
52,844 |
| Jones Court −_New_Building |
124,138 |
|
|
|
124,138 |
| Jones Court −CMF |
|
|
239,943 |
|
239,943 |
|
335,349 |
126,881 |
284,060 |
(163,484) |
582,806 |
| Unrestricted Funds |
|
379,317 |
27,957 |
(110,709) |
296,565 |
|
335,349 |
506,198 |
312,017 |
(274,193) |
879,371 |
|
|
|
|
|
Transfers |
|
|
|
|
|
|
Balance |
|
between |
|
Balance |
Balance |
|
|
|
01.01.21 |
Income |
Funds |
Expenditure |
31.12.21 |
31.12.20 |
| Jones |
Court |
−General |
63,198 |
218,917 |
(35,014) |
(197,983) |
49,118 |
63,198 |
| Jones |
Court |
−New Building |
126,327 |
|
|
(2,189) |
124,138 |
126,327 |
| Jones |
Court |
−CMF |
204,905 |
24 |
35,014 |
|
239,943 |
204,905 |
|
|
|
394,430 |
218,941 |
− |
(200,172) |
413,199 |
394,430 |