BEXLEY UNITED CHARITIES
REGISTERED CHARITY No: 205964
REGISTERED SOCIAL LANDLORD
REPORT AND FINANCIAL STATEMENTS
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|---|---|---|---|---|---|---|---|---|---|
|31ST|MARCH|2021|
|CONTENTS|PAGE|
|Trustees|and|Advisers|1|
|Trustees|Report|2-3|
|Statement|of Trustees'|Responsibilities|4|
|Independent|Examiner's|Report|to|the|Trustees|5|
|Trustees|Certificate|6|
|Consolidated|Financial|Position|
|Statement|of Comprehensive Income|7|
|Statement|of Financial|Position|8|
|Statement|of Changes|in Reserves|9|
|Statement|of Changes|in|Cash|Flows|10|
|Notes|to|the|Financial|statements|11|-|16|
|The|following|pages|do|not|form|part|of the|financial|statements|
|Bexley|Almshouse|and|Relief|in|Need|Charity|
|Consolidated|Statement|of Comprehensive|Income|17|
|General|Fund|-|Statement|of Comprehensive|Income|18|
|Cyclical|Maintenance|Fund|-|Statement of Comprehensive|Income|19|
|Extraordinary|Repair Fund|-|Statement|of Comprehensive Income|20|
|Charity|of The|Reverend|Thomas|Smoult|-|Statement of Comprehensive|Income|21|
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BEXLEY UNITED CHARITIES
1
TRUSTEES AND ADVISORS
PARTICULARS OF TRUSTEES
John Waters
Neil Sayers
Sylvia Malt
Barbara Graham
Richard Diment
Councillor Nick O'Hare
CLERK TO THE TRUSTEES
Mr Kenneth Newman 13 High Street Bexley Kent DAS 1AB
INDEPENDENT EXAMINER
MS Finnis ACA ACCA Opass Billings Wilson & Honey LLP Numeric House 98 Station Road Sidcup Kent DAI5 7BY
BANKERS
Barclays Bank PLC 6 Market Place Bexleyheath Kent DA6 7DY
2
BEXLEY UNITED CHARITIES
TRUSTEES' REPORT FOR THE YEAR ENDED 31ST MARCH 2021
The Trustees present their report along with the Financial Statements of the Charity for the year ended 31st March 2021. The Financial Statements have been prepared in accordance with the Accounting Policies set out on page 11 and comply with the Charity's Trust Deed and applicable law.
Trustees
Appointment of Trustees is governed by the Trust Deed of the Charity. The Board of Trustees is authorised to appoint new trustees to fill vacancies arising through resignation or death of an existing Trustee.
Investment Powers
The Trust Deed authorises the Trustees to make and hold investments using the general funds of the Charity.
Constitution, Objects and Policies
Bexley United Charities is the collective name given to the Charities known as:
Bexley Almshouse and Relief in Need Charity, and The Charity of the Reverend Thomas Smoult
The Charities are administered and regulated under a Scheme of the Charity Commissioners dated 5 March 1940 as varied by the Charity Commissions up to and including 1 April 1980 and 21 January 1998.
It is the object of Bexley Almshouse and Relief in Need Charity to provide accommodation and relief in need to suitably qualified inhabitants of the area of benefit (being the London Borough of Bexley).
It is the objects of the Charity of the Reverend Thomas Smoult to assist persons who have not attained the age of25 years resident in the area of benefit (being the London Borough of Bexley) who are in need of financial assistance and who are preparing for, entering upon or engaged in any profession, trade, occupation or service, by providing them with outfits, or by paying fees, travelling or maintenance expenses, or by such other means for their advancement in life or to enable them to earn their living as the trustees see fit; and, Promoting the education of such persons.
The trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Charities’ aims and objectives and in planning future activities. They are satisfied that the work of the Charities accords with their stated objects and provides tangible public benefit to the inhabitants of the London Borough of Bexley.
Bexley United Charities also include a capital sum of £5,000 which was bequeathed under the terms of the Will of the late Mr F S Petty.
The Trustees hold the gift upon trust:
(a) For the provision, out of the income generated from the gift and if necessary resorting to the capital sum, of annual Christmas gifts to the Almspersons at the John Styleman's Almshouse in Bexley. (b) In the event that the desire to provide Christmas gifts to the Almspersons is no longer possible, the gift shall be held for the general purposes of the Bexley United Charities.
Bexley United Charities is registered as a Charity under the Charities Act 1960 with the Registered Number 205964.
Bexley United Charities is also registered under the Housing & Regeneration Act 2008 as Social Landlord and is subject to the Statutory provisions of the Housing Act 1996 as amended by the 2004 Act and Statutory Instruments.
3
BEXLEY UNITED CHARITIES
TRUSTEES' REPORT FOR THE YEAR ENDED 31ST MARCH 2021
Development, Activities and Achievements
The Trustees consider that the performance of the Charity this year has been satisfactory.
There have been no significant achievements or changes in activities to report.
Financial Review
The financial results for the year are set out on page 7.
Risk Management
The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining reserves at current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks faced by the charity and confirm that they have established systems to mitigate the significant risks. Other sources of income have also been sought to offset any risks to the charity.
Future Developments
No major future developments are planned.
Reserves Policy
It is the policy of the Charity to maintain unrestricted funds. These provide sufficient funds to cover management and administration and support costs.
Approval|
Approval| g” " f wr 202 20 | | | This Report was approved by the Trustees ON «0.1.1.1... Ssessesssssesssneseeeetseeseneneneneaterenenees and signed on their behalf.
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AL Bee Trustee
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BEXLEY UNITED CHARITIES
4
STATEMENT OF TRUSTEES' RESPONSIBILITIES
Charity Law requires the Trustees to prepare Financial Statements for each reporting period which give a true and fair view of the state of affairs of the Charity and of its financial activities for that period. In preparing those Financial Statements the Trustees are required to:
-
(a) Select suitable Accounting Policies and then apply them consistently.
-
(b) Make judgments and estimates that are reasonable and prudent.
-
(c) Follow applicable United Kingdom accounting standards and the Statement of Recommended Practice ‘Accounting by registered social housing providers 2018’.
-
(d) Prepare the Financial Statements on the going concern basis unless it is inappropriate to assume that the Charity will continue in business.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the Financial Statements comply with the Housing SORP 2018 (statement of Recommended Practice for Social Housing Providers). They are also responsible for safeguarding the Assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities.
In so far as the Trustees are aware:
there is no relevant information of which the charity's independent examiner is unaware; and
. the Trustees have taken all steps that they ought to have taken to make themselves aware of any relevant information and to establish that the independent examiner is aware of that information.
5
BEXLEY UNITED CHARITIES
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES
YEAR ENDED 31ST MARCH 2021
I report on the unaudited Accounts of the Charity for the year ended 31st March 2021 set out on pages 7 to 16.
RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND THE INDEPENDENT EXAMINER
The Charity’s Trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
-
(a) examine the accounts under section 145 of the 2011 Act;
-
(b) follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act, the Trust Deed, the Housing Act 1996 as amended by the 2004 Act and the Housing SORP 2018 (statement of Recommended Practice for Social Housing Providers).
-
(c) state whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINER'S REPORT
My examination was carried out in accordance with the general directions given by the Charities Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.
INDEPENDENT EXAMINER'S STATEMENT
In connection with my examination, no matter has come to my attention:
- which gives me reasonable cause to believe that in any material respect the requirements: (a) to keep accounting records in accordance with section 130 of the 2011 Act; and (b) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act; and
(c) the Trust Deed, the Housing Act 1996 as amended by the 2004 Act and the Housing SORP 2018 (statement of Recommended Practice for Social Housing Providers).
have not been met: or
- to which in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
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Wo
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eB, Cecernber LEZ)
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Opass Billings Wilson & Honey LLP Chartered Certified Accountants Numeric House 98 Station Road Sidcup Kent DA15 7BY Date
BEXLEY UNITED CHARITIES
6
TRUSTEES' CERTIFICATE
We hereby declare the Annexed Financial Statements, which cover the affairs of Bexley United Charities for the year ended 3 1st March 2021, to be correct.
TRUSTEES
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John Waters PA St Pvscensasvssansuenesvenes
na
Neil Sayers ae eee
Sylvia Malt — AMaLE
Barbara Graham 64 brstkarn.
h f
Richard Diment Ms BA
[O'Hare] ve cesnevena leas cstatCoarevossessessnecsaecesseeeatenneeees
Councillor [Nick] IV. re f
CLERKTOTHE TRUSTEES ne
Mr. K. Newman ace
Dated Bo Lember 202 (
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BEXLEY UNITED CHARITIES
7
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31ST MARCH 2021
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|---|---|---|---|---|
|Notes|2021|2020|
|£|
|Tumover|51,058|47,293|
|Operating Expenditure|(40,645)|(50,518)|
|Other Income|1,015|1,055|
|Operating|Deficit|11,428|(2,170)|
|Interest receivable|1,318|295|
|Surplus/(Deficit)|on|Ordinary Activities Before Tax|12,746|(1,875)|
|Taxation|-|-|
|Surplus/(Deficit)|after Tax|12,746|(1,875)|
|Unrealised|surplus/(deficit)|on revaluation of housing properties|-|-|
|Total Comprehensive|Income|for the Year|12,746|(1,875)|
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8
BEXLEY UNITED CHARITIES
STATEMENT OF FINANICAL POSITION
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|---|---|---|---|---|---|---|---|
|31ST|MARCH|2021|
|Notes|2021|2020|
|£|£|
|FIXED|ASSETS|
|Tangible|fixed|assets|3|1,150,641|1,051,833|
|1,150,641|1,051,833|
|CURRENT|ASSETS|
|Trade|and|other|debtors|6,848|6,481|
|Cash|and|cash|equivalents|4|51,029|38,920|
|Less:|Creditors:|amounts|falling due within|one year|5|(2,400)|(2,670)|
|NET CURRENT|ASSETS|55,477|42,731|
|TOTAL NET ASSETS|1,206,118|1,094,564|
|RESERVES|
|Income|and|Expenditure|Reserve|
|General|Fund|933,343|913,557|
|Cyclical|Maintenance|Fund|35,552|35,195|
|Extraordinary|Repair Fund|198,101|109,921|
|Charity|of Reverend Thomas|Smoult|39,122|35,891|
|TOTAL RESERVES|1,206,118|1,094,564|
|These financial|statements|were approved by the Trustees and|authorised for|issue on GB|Oete \" Ger|202|
|and|are|signed|on|behalf of the|by:|
|Mr|J|Waters|Mr N|Sayers|
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9
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BEXLEY UNITED CHARITIES
10
STATEMENT OF CASH FLOWS
31ST MARCH 2021
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|---|---|---|---|---|---|---|---|---|
|2021|2020|
|£|£|
|CASH|FLOW FROM|OPERATING|ACTIVITES|
|Surplus/(Deficit)|for the year|12,746|(1,875)|
|Adjustments|for|non-cash|items:|
|Decrease /|(increase)|in|trade|and|other debtors|(367)|400|
|Increase|/|(decrease)|in|trade|and|other creditors|(270)|270|
|Adjustments|for|investing|activities|
|Interest|received|(1,318)|(295)|
|NET CASH FROM OPERATING|ACTIVITES|10,791|(1,500)|
|CASH|FLOW FROM|INVESTING|ACTIVITES|
|Sale|of investments|-|-|
|Interest|received|1,318|295|
|NET CASH USED|IN|INVESTING|ACTIVITIES|1,318|295|
|NET CHANGE|IN CASH AND CASH EQUIVALENTS|12,109|(1,205)|
|CASH AND CASH|EQUIVALENTS AT BEGINNING OF THE YEAR|38,920|40,125|
|CASH AND CASH EQUIVALENTS AT END OF THE YEAR|51,029|38,920|
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BEXLEY UNITED CHARITIES
11
NOTES TO THE FINANCIAL STATEMENTS
31ST MARCH 2021
- ACCOUNTING POLICIES
The address of the registered office is given in the information on page | of these financial statements. The nature of the association’s operations and principal activities are to provide housing for the elderly. The association constitutes a public benefit entity as defined by Financial Reporting Standard 102.
The financial statements have been prepared in accordance with applicable accounting standards including Financial Reporting Standard 102 The Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS 102), the Statement of Recommended Practice for Social Housing Providers 2018, and with the Accounting Direction for private registered providers of social housing in England 2015. The financial statement are also prepared under the requirements of the Housing and Regeneration Act 2008, the Housing Act 1996 as amended by the 2004 Act and Accounting Requirements for Registered Social Landlords General Determination 2006. The financial statements have been prepared on a going concern basis under the historical cost convention. The financial statements are prepared in sterling, which is the functional currency of the association, and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
- (a) Accounting convention The financial statements have been prepared under the historical cost convention.
(b) Judgements and Key Sources of Estimation Uncertaint In the application of the charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
- (c) Turnover
Turnover primarily represents rents and service charges receivable in respect of tenanted properties.
(d) Income Tax The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, income tax has not been calculated due to the exemption available from its charitable status.
(e) Tangible fixed assets Tangible fixed assets (including social housing properties) are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended such as the cost of acquiring the land and buildings, development costs and expenditure on improvements. Expenditure on improvements will only be capitalised when it results in incremental future benefits such as increasing rental income, reducing maintenance costs or resulting in a significant extension of the useful economic life of the property.
BEXLEY UNITED CHARITIES
12
NOTES TO THE FINANCIAL STATEMENTS
31ST MARCH 2021
-
ACCOUNTING POLICIES (cont...)
-
(f) Depreciation Depreciation is calculated to write down the cost or valuation less estimated residual value of all Tangible Fixed Assets other than Freehold Land over their expected lives. The rates and periods generally applicable are:
-
Plant and Machinery: Straight line over 10 years
The residual values of the freehold properties are considered to be at least equal to the cost and as such no depreciation has been charged.
- (g) Improvements to properties Expenditure on existing housing properties is capitalised to the extent that it improves the economic benefit of the asset either through an increase in rental income, a reduction in maintenance costs or through the extension of the life of the property.
(h) Debtors Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the statement of comprehensive income.
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(i) Creditors
Creditors and provisions are recognised when the charity has an obligation at the balance sheet date
as a result of a past event, it is probable that an outflow of economic benefits will be required in
settlement and the amount can be reliably estimated.
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(j) Revenue Recognition
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-
(a) Rents receivable for the year are recorded on a cash due basis. Any arrears or voids (interrupted tenancies) are indicated.
-
(b) Dividends are included on the basis of dividends declared and paid to the Trustees in the year. (c) Bank deposit interest is included on the basis of sums credited to the Accounts within the year.
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(k) Expenditure
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Expenditure is included on the basis of expenses paid within the year with full provision being made for amounts which might be accrued as due for payment.
Given the immaterial sums involved and the difficulty in separately identifying them, the Trustees have decided that the administration costs of the Rev Thomas Smoult Charity will not be separately identified in the accounts but will be borne by the Almshouses Charity.
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(I) Investments
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Investments are valued by the Trustees in conjunction with the Investment Managers of the underlying portfolio. This is in accordance with the Charity Statement of Recommended Practice.
BEXLEY UNITED CHARITIES
13
NOTES TO THE FINANCIAL STATEMENTS
31ST MARCH 2021
2s EMPLOYEES
The Charity has no full time employees and is managed on behalf of the Trustees by the Clerk to the Trustees.
- SCHEDULE OF ASSETS HELD
HOUSING, LAND AND BUILDINGS
At Trustees' Valuation plus modernisation expenditure. During 2004-05 the trustees completed the development of kitchen extensions to each of the almshouses. These provided much needed additional living space in the almshouses and allow the licensees to install more modern utilities. The cost of construction was £144,250 and was financed through the disposal of investments. The expenditure was made through the Extraordinary Repair Fund and the development has increased the book value of the freehold property to £701,289.
| Freehold Property used forCharitable Purposes | 2021 £ |
2020 £ |
|---|---|---|
| Styleman's Alms Houses, High Street, Bexley, Kent and Land at Rear |
701,289 | 701,289 |
| INVESTMENTS | ||
| General Fund | ||
| Endowments | ||
| 7,429NAACIF Income Shares atCost | 3,380 | 3,380 |
| Mrs Hancock's Gift - |
||
| 2,000NAACIF Income Shares atCost | 500 | 500 |
| 518.549 Charifund Income Shares at Cost | 5,884 | 5,884 |
| 109.161 Charibond Income Shares at Cost | 138 | 138 |
| Unrealised Gainon Investments | 5,967 | 3,030 |
| 15,869 | 12,932 | |
| Reverend Thomas Smoult Charity | ||
| 1,462.30 - CharishareCommonInvestmentFund atCost Unrealised Gain on Investment |
2,436 7,333 |
2,436 5,403 |
| 9,769 | 7,839 | |
| BalancesCarriedForward | £726,927 | £722,061 |
BEXLEY UNITED CHARITIES
14
NOTES TO THE FINANCIAL STATEMENTS
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|---|---|---|---|---|---|
|31ST|MARCH|2021|
|2021|2020|
|£|£|
|3.|SCHEDULE|OF|ASSETS HELD|(Cont'd|
|Balance|Brought Forward|726,927|722,061|
|INVESTMENTS|
|Extraordinary|Repair|Fund|
|4,399 NAACIF|Accumulation|Shares|at Cost|172,365|172,365|
|Unrealised|Gain on|Investment|249,768|156,120|
|422,133|328,485|
|Cyclical|Maintenance|Fund|
|1,840 NAACIF|Income|Shares|at Cost|460|460|
|Unrealised|Gain|on|Investment|1,121|828|
|1,581|1,288|
|TOTAL ASSETS|£1,150,641|£1,051,833|
|ASSETS ATTRIBUTABLE|TO|
|BEXLEY|UNITED|CHARITIES|
|Housing,|Land and|Buildings|701,289|701,289|
|Investments|at Market|Value|449,352|350,544|
|PROPERTY AND|INVESTMENTS|subject|to|
|ADMINISTRATION OF THE TRUSTEES|£1,150,641|£1,051,833|
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BEXLEY UNITED CHARITIES
15
NOTES TO THE FINANCIAL STATEMENTS
| 31STMARCH | MARCH 2021 | ||
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| 4. | BALANCES AT BANKS | ||
| General Fund | |||
| BARCLAYS BANK PLC | |||
| Current Account | 22,504 | 11,713 | |
| STANDARD LIFE | |||
| Business 10DayNotice Account | 446 | 446 | |
| CASHINHAND | 319 | 319 | |
| 23,269 | 12,478 | ||
| Cyclical Maintenance Fund | |||
| BARCLAYS BANKPLC | |||
| Business Premium Account | - | - | |
| The Rev. T Smoult Charity | |||
| BARCLAYS BANK PLC | |||
| High InterestBPA | 303 | 303 | |
| UNITEDTRUSTBANK | 27,457 | 26,139 | |
| 27,760 | 26,442 | ||
| TOTALBALANCES AT BANKS | £51,029 | £38,920 | |
| 5. | CREDITORS: Amounts falling due within one year | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Accruals | 2,400 | 2,670 | |
| 2,400 | 2,670 |
BEXLEY UNITED CHARITIES
16
NOTES TO THE FINANCIAL STATEMENTS
31ST MARCH 2021
6. FINANCIAL INSTRUMENTS
The carrying amount of each category of financial instrument is as follows:
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|||||||||
|---|---|---|---|---|---|---|---|
|2021|2020|
|£|£|
|Financial|assets|
|Financial|assets|measured|at|fair value through the|statement|6,387|5,985|
|of comprehensive|income|
|Financial|liabilities|
|Financial|liabilities|measured|at|fair value through|the|-|-|
|statement|of comprehensive|income|
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- RESERVES
Income and expenditure reserve - This reserve records surplus income and accumulated losses. Included within here are unrealised gains on revaluation of the properties of£449,000 and the investments of £264,189.
BEXLEY UNITED CHARITIES
17
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31ST MARCH 2021
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||||||||||
|---|---|---|---|---|---|---|---|---|
|2021|2020|
|£|£|£|£|
|Almshouses|
|Rents|Receivable|51,058|47,293|
|Less:|Voids|-|-|
|51,058|47,293|
|Less:|Expenditure|
|Repairs|-|Premises|22,385|30,456|
|General|Maintenance|2,999|4,370|
|General and|Water|Rates|1,357|2,281|
|Gas|and|Electric|3,331|665|
|Insurances|1,880|1,965|
|NAA|Affiliation|Fee|276|270|
|Legal & Professional|Fees|65|88|
|Depreciation (Equipment)|-|(32,293)|-|(40,095)|
|Surplus/(Deficit) from Almshouses|18,765|7,198|
|Investment|Income|
|Endowments|668|767|
|Investment|Income|347|288|
|Sundry Income|-|1,015|-|1,055|
|19,780|8,253|
|Administration|Expenses|
|Clerk's|Stipend|4,500|4,875|
|AccountancyBank|ChargesFee|2,400-|2,400-|
|Loss/(Profit)|on|Disposal|of Investment|-|-|
|Sundry Administration Expenses|1,152|(8,052)|2,848|(10,123)|
|Other|Expenses|
|Rev.|T.|Smoult|-|Sundry Expenses|300|(300)|300|(300)|
|Other|Income|
|Bank|Interest Received|1,318|1,318|295|295|
|Surplus/(Defecit)|for the Year|12,746|(1,875)|
|Accumulated|Surplus|B/Forward|480,183|482,058|
|Accumulated|Surplus C/Forward|£492,929|£480,183|
|Revaluation|B/Forward|
|- Property|449,000|449,000|
|- Investments|165,381|225,758|
|Investment Revaluation|during year|98,808|(60,377)|
|Revaluation C/Forward|£713,189|£614,381|
|TOTAL RESERVES|£1,206,118|£1,094,564|
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BEXLEY UNITED CHARITIES
18
: BEXLEY ALMSHOUSE AND RELIEF IN NEED CHARITY
GENERAL FUND
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31ST MARCH 2021
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|||||||
|---|---|---|---|---|---|
|2021|2020|
|£|£|£|£|
|Almshouses|
|Rents|Receivable|51,058|47,293|
|Less|Voids|-|-|
|51,058|47,293|
|Less:|Expenditure|
|Repairs|-|Premises|16,917|8,658|
|General|Maintenance|2,999|4,370|
|Rates/Water|Rates|1,357|2,281|
|Gas/Electric|3,331|665|
|Insurances|1,880|1,965|
|NAA|Affiliation|276|270|
|Legal &|Professional|Fees|65|88|
|Depreciation|-|(26,825)|-|(18,297)|
|Surplus/(Deficit)|from Almshouses|24,233|28,996|
|Investment|Income|
|Endowments|668|767|
|Bank|Account|Interest|-|1|
|Sundry|Income|-|668|-|768|
|24,901|29,764|
|Administration|Expenses|
|Proportion|Attributable|to|Almshouses|
|and|Relief in Need|Charity|(8,052)|(10,123)|
|16,849|19,641|
|Transfers|from/(to):|
|The|Reverend|T|Smoult|-|:|
|Surplus/(Defecit)|for the Year|16,849|19,641|
|Accumulated|Surplus|B/Forward|461,527|441,886|
|Accumulated|Surplus|C/Forward|£478,376|£461,527|
|Revaluation|B/Forward|
|-|Property|449,000|449,000|
|-|Investments|3,030|6,240|
|Investment|Revaluation|during year|2,937|(3,210)|
|Revaluation|C/Forward|£454,967|£452,030|
|TOTAL RESERVES|£933,343|£913,557|
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BEXLEY UNITED CHARITIES
19
CYCLICAL MAINTENANCE FUND : BEXLEY ALMSHOUSE AND RELIEF INNEED CHARITY
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31ST MARCH 2021
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||||||
|---|---|---|---|---|
|Notes|2021|2020|
|£|£|£|£|
|Investment|Income|64|64|
|Bank|Interest|id|—|
|64|64|
|Less:|
|Repairs|:|=|
|Surplus/(Defecit)|for the Year|64|64|
|Accumulated|Surplus|B/Forward|34,367|34,303|
|Accumulated|Surplus|C/Forward|£34,431|£34,367|
|Inevestment|Revaluation|B/Forward|828|1,107|
|Revaluation|during year|293|(279)|
|Investment|Revaluation|C/Forward|£1,121|£828|
|TOTAL RESERVES|£35,552|£35,195|
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BEXLEY UNITED CHARITIES
20
EXTRAORDINARY REPAIR FUND _: BEXLEY ALMSHOUSE AND RELIEF IN NEED CHARITY
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31ST MARCH 2021
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||||||
|---|---|---|---|---|
|Notes|2021|2020|
|£|£|£|£|
|Investment|Income|-|-|
|Less:|
|Repairs|5,468|21,798|
|__6.468)|_@1,798)|
|Surplus/(Defecit)|for the Year|(5,468)|(21,798)|
|Accumulated|Surplus|B/Forward|(46,199)|(24,401)|
|Accumulated|Surplus|C/Forward|£(51,667)|£(46,199)|
|Inevestment|Revaluation|B/Forward|156,120|211,642|
|Revaluation|during year|93,648|(55,522)|
|Investment|Revaluation|C/Forward|£249,768|£156,120|
|TOTAL RESERVES|£198,101|£109,921|
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BEXLEY UNITED CHARITIES
21
CHARITY OF THE REVEREND THOMAS SMOULT
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31ST MARCH 2021
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||||||
|---|---|---|---|---|
|Notes|2021|2020|
|£|£|£|£|
|Investment Income|283|224|
|Bank Interest|1,318|294|
|1,601|518|
|Less:|
|Donations|(300)|(300)|
|General|Maintenance|-|-|
|Surplus/(Defecit) for the Year|1,301|218|
|Accumulated|Surplus|B/Forward|30,488|30,270|
|Accumulated Surplus|C/Forward|£31,789|£30,488|
|Inevestment|Revaluation|B/Forward|5,403|6,769|
|Revaluation|during year|1,930|(1,366)|
|Investment Revaluation C/Forward|£7,333|£5,403|
|TOTAL RESERVES|£39,122|£35,891|
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