##
##
##
|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|3|
|Independent
Examiner's Report||||
|Statement ofFinancial Activities||||
|Balance Sheet||||
|Notes to the Financial Statements|7|to|13|
|Detailed Statement ofFinancial Activities|14|to|15|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||||2020|2019|
|---|---|---|---|---|---|---|
||||Unrestricted|Endowment|Total|Total|
||||fund|fund|funds|funds|
|||Notes|||||
|INCOME AND ENDOWMENTS FROM|||||||
|Other coding activities|||86,466||86,466|84,236|
|Investment
income|||46|154|200|149|
|Total|||86,512|154|86,666|84,385|
|EXPENDITURE ON|||||||
|Raising funds|||3,734||3,734||
|Charitable
activities|||||||
|Almshouses
Young Persons k Poor|Fund||31,172||31,172|14,931
1,000|
|Other|||2,042|1,617|3,659|9,021|
|Total|||36,948|1,617|38,565|24,952|
|Net gains on investments|||6,983|6,214|13,197|29,146|
|NET INCOME|||56,547|4,751|61,298|88,579|
|RECONCILIATION|OFFUNDS||||||
|Total funds brought forward|||87,795|2,385,870|2,473,665|2,385,086|
|TOTAL FUNDS CARRIED FORWARD|||144,342|2,390,621|2,534,963|2,473,665|
##
|3|1DECE|MBER 2020||||
|---|---|---|---|---|---|
|||||2020|2019|
|||Unrestricted|Endowment|Total|Total|
|||fund|fund|funds|funds|
||Notes|||f||
|FIXEDASSETS||||||
|Heritage assets||11,083|2,297,000|2,308,083|2,297,000|
|Investments||171,192|67,538|238,730|253,079|
|||182,275|2,364,538|2,546,813|2,550,079|
|CURRENT ASSETS||||||
|Debtors||2,879||2,879|2,821|
|Cash at bank||126,192|26,083|152,275|106,605|
|||129,071|26,083|155,154|109,426|
|CREDITORS||||||
|Amounts
falling due within one year||(22,923)||(22,923)|(23,206)|
|NET CURRENT ASSETS||106,148|26,083|132,231|86,220|
|TOTAL ASSETSLESSCURRENT||||||
|LIABILITIES||288,423|2,390,621|2,679,044|2,636,299|
|CREDITORS||||||
|Amounts
fitlling due afier more than one year|10|(144,081)||(144,081)|(162,634)|
|NET ASSETS||144,342|2,390,621|2,534,963|2,473,665|
|FUNDS|12|||||
|Unrestricted
funds||||144,342|87,795|
|Endowment
funds||||2,390,621|2,385,870|
|TOTAL FUNDS||||2,534,963|2,473,665|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||Unrestricted|Endowment|Total|
|---|---|---|---|---|
|||fund|fund|funds|
|INCOME AND ENDOWMENTS FROM|||||
|Other trading activities||84,236||84,236|
|Investment
income||149||149|
|Total||84,385||84,385|
|EXPENDITURE ON|||||
|Charitable
activities|||||
|Almshouses
Young Persons 4Poor|Fund|14,931
1,000||14,931
1,000|
|Other||9,021||9,021|
|Total||24,952||24,952|
|Net gains on investments||14,804|14,342|29,146|
|NET INCOME||74,237|14,342|88,579|
|RECONCILIATION|OF FUNDS||||
|Total funds brought forward||13,558|2,371,528|2,385,086|
|TOTAL FUNDS CARRIED FORWARD||87,795|2,385,870|2,473,665|
##
##
|HERITAGE ASSETS||
|---|---|
||Total|
|MARKET VALUE||
|At 1 January 2020|2,297,000|
|Additions|11,083|
|At 31December 2020|2,308,083|
|NET BOOK VALUE||
|At 31December 2020|2,308,083|
|At 31December 2019|2,297,000|
##
||||2020|2019|
|---|---|---|---|---|
|Other|||238,730|253,079|
|There were no investment
assets outside||the UK.|||
|Investments
(neither listed nor|unlisted) were as follows:||||
||||2020|2019|
|||||8|
|CFReer Absolute Return Fund|||58,533|53,604|
|Charinco Common Investment|Fund Y&P||4,779|4,624|
|Charinco Comtnon Investment|Fund Acc||40,164|37,607|
|NAACIF Accum'n shares - Extraordinary||Repair Fund|58,284|60,200|
|COIF Charities Ethical Investment
Fund|||76,970|70,260|
|COIF Charities Property Fund|- Income Fund|||26,784|
||||238,730|253,079|
##
|$.|DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR|||
|---|---|---|---|
|||2020|2019|
||Prepayments
and accrued income|2,879|2,821|
|9.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||
|||2020I|2019|
||Bank loans and overdrails
(see note 11)|10,803|11,206|
||Other creditors|12,120|12,000|
|||22,923|23,206|
|10.|CREDITORS: AMOUNTS FALLING DUE AFTERMORE THAN ONE YEAR|||
|||2020|2019|
||Bank loans (see note 11)|91,580|98,320|
||Other creditors|52,501|64,314|
|||144,081|162,634|
|11.|LOANS|||
||An analysis ofthe maturity ofloans is given below:|||
|||2020|2019|
|||8|g|
||Amounts
falling due within one year on demand:|||
||Bank loans|10,803|11,206|
||Other loans|10,500|10,500|
|||21,303|21,706|
||Amounts
falling between one and two years:|||
||Bank loans - 1-2years|21,606|22,412|
||Other loans - 1-2years|21,001|21,001|
|||42,607|43,413|
||Amounts
falling due between two and five years:|||
||Bank loans - 2-5 years|69,974|75,908|
||Amounts
fitlting due in more than five years:|||
||Repayable by instahnents:|||
||Other loans inore Syrs instal|31,500|43,313|
##
##
|MOVEME|N|T IN FUNDS|||||
|---|---|---|---|---|---|---|
||||||Net||
||||||movement|At|
|||||At 1.1.20|in funds|31.12.20|
|Unrestricted||funds|||||
|General fund||||87,795|56,547|144,342|
|Endowment||funds|||||
|Endowment|Fund|||2,385,870|4,751|2,390,621|
|TOTAL FUNDS||||2,473,665|61,298|2,534,963|
|Net movement||in funds, included in the above are as follows:|||||
||||Incoming|Resources|Gains and|Movement|
||||resources|expended|losses|in funds|
||||||f,||
|Unrestricted||funds|||||
|General fund|||86,512|(36,948)|6,983|56,547|
|Endowment||funds|||||
|Endowment|Fund||154|(1,617)|6,214|4,751|
|TOTAL FUNDS|||86,666|(38,565)|13,197|61,298|
|Comparatives||for movement|in funds||||
||||||Net||
||||||movement|At|
|||||At 1.1.19|in funds|31.12.19|
|Unrestricted||funds|||||
|General fund||||13,558|74,237|87,795|
|Endowment|funds||||||
|Endowment|Fund|||2,371,528|14,342|2,385,870|
|TOTAL FUNDS||||2,385,086|88,579|2,473,665|
##
##
|||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|
|||resources|expended|losses|in funds|
||||f.|||
|Unrestricted|funds|||||
|General fund||84,385|(24,952)|14,804|74,237|
|Endowment|funds|||||
|Endowment|Fund|||14,342|14,342|
|TOTAL FUNDS||84,385|(24,952)|29,146|88,579|
||||Net||
|---|---|---|---|---|
||||movement|At|
|||At 1.1.19|in funds|31.12.20|
|Unrestricted|funds||||
|General fund||13,558|130,784|144,342|
|Endowment|funds||||
|Endowment|Fund|2,371,528|19,093|2,390,621|
|TOTAL FUNDS||2,385,086|149,877|2,534,963|
|||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|
|||resources|expended|losses|in funds|
|||||8||
|Unrestricted|funds|||||
|General fund||170,897|(61,900)|21,787|130,784|
|Endowment|funds|||||
|Endowment|Fund|154|(1,617)|20,556|19,093|
|TOTAL FUNDS||171,051|(63,517)|42,343|149,877|
##
##
##
||F|ORTHE YEARENDED 31D|ECEMBER 2020||
|---|---|---|---|---|
||||2020|2019|
|||||f.|
|INCOME AND ENDOWMENTS|||||
|Other trading activities|||||
|Maintenance
Contributions|receivable||86,466|84,236|
|Investment
income|||||
|Other income|||154|146|
|Deposit account interest|||46|3|
||||200|149|
|Total incoming resources|||86,666|84,385|
|Charitable
activities|||||
|Rates and water|||372|1,489|
|Insurance|||1,414|1,535|
|Current tk cyclical maintenance|||13,120|3,716|
|Extraordinary
repairs||||(1,249)|
|Light and heat|||6,559|5,273|
|Security|||1,023|919|
|Gardening|||4,876|5,177|
|Donations|||330|1,000|
|Sundries|||478|(374)|
||||28,172|17,486|
|Other|||||
|Loss on sale oftangible fixed assets|||1,617||
|Support costs|||||
|Finance|||||
|Bank charges|||60|60|
|Bank loan interest|||3,734|4,526|
||||3,794|4,586|
|Governance
costs|||||
|Subscriptions|||362|64|
|Clerk and trustee expenses|||3,000|3,000|
|Independent
Examiner's|Remuner|ation|1,620|1,500|
|Almshouses
Consortium|Ltd Fees|||(1,684)|
||||4,982|2,880|
|Total resources expended|||38,565|24,952|
|Net income before gains|and losses||48,101|59,433|
##
||||FORTHE YEARENDED 31D|ECEMBER 2020||
|---|---|---|---|---|---|
|||||2020|2019|
|||||8||
|Realised recognised||gains and losses||||
|Unrealised|gains/(losses)||on fixed asset|||
|investments||||13,197|29,146|
|Net income||||61,298|88,579|