THE ROBERT COCKS ALMSHOUSE TRUST FOR THE YEAR END 31st December 2020
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Name Position Address 1 Address 2 Address 3 Address 4 Postcode Start Date
Chairman
Canon S Wright Trustee and Chair The Rectory Church Hill Banham Norfolk NR16 2HN 01/01/2017
Secretary
Mrs S Charvonia Trustee and Secretary Albermarle House The Green Old Buckenham Norfolk NR17 1SW 01/07/2017
Treasurer
Mr C Talbot Trustee and Treasurer The Cottage The Green Old Buckenham Norfolk NR17 1RR 01/01/2017
Trustees
Trustee 1 Trustee XX XX XX XX XX 19/03/2012
Mr M Hall Trustee Field House Fen Road Old Buckenham Norfolk NR17 1NP 13/05/2013
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THE ROBERT COCKS ALMHOUSES TRUST, OLD BUCKENHAM
INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2020
| INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2020 |
||
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| INCOME | ||
| Interest on Investments | 3,182 | 3,182 |
| Bank Deposit Interest | 0 | 0 |
| Resident Receipts | 46,750 | 42,887 |
| Miscellaneous Income/Donations | 40 | 0 |
| TOTAL INCOME | 49,972 | 46,069 |
| EXPENDITURE Repairs and Maintenance Rates and Water Charges Light & Heat Insurance Premium Life line Fire Extinguishers Association Fees Accountancy Fees TV Licensing Christmas box & Honoraium to Almspeople Sundry Expenses Written off |
7,756 469 6,388 942 1,103 662 361 0 30 500 190 |
33,698 674 5,862 1,360 1,280 388 0 0 15 500 262 |
| TOTAL EXPENDITURE | 18,400 | 44,039 |
| NET INCOME/EXPENDITURE FOR THE YEAR | 31,573 | 2,030 |
THE ROBERT COCKS ALMHOUSES TRUST, OLD BUCKENHAM
BALANCE SHEET
| FOR THE YEAR ENDED 31 DECEMBER 2020 INVESTMENTS Income Shares (see note 1) Shares at Cost Prior Year unrealised revaluation Current Year unrealised revaluation Market Value at 31 December CURRENT ASSETS Cash and Bank Balances Community Account - 70095591 General Account - 20272795 Heating Account - 40272833 Scottish Widows Bank - 50488771078 Virgin Money Charity Deposit Acc - 15035y-24422 TOTAL CURRENT ASSETS CURRENT LIABILITIES Creditors and Provisions TOTAL CURRENT LIABILITIES NET ASSETS |
2020 2019 £ £ 34,141 34,141 48,028 38,235 -6,138 9,793 76,031 82,169 62,059 37,109 6,953 2,343 4,925 2,913 0 0 2 2 73,939 42,366 0 0 149,970 124,535 |
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FUNDS OF THE CHARITY CONSISTS OF
Capital Fund (represented by investments)
| Balance brought forward 1 January Add transfer from income account Add unrealised Investment Revaluation Balance carried forward at 31 December Income Account Balance brought forward at 1 January Surplus / (Deficit) in year Transfer to Capital Fund Balance carried forward at 31December TOTAL FUNDS |
82,169 72,376 0 0 -6,138 9,793 76,031 82,169 42,365 40,335 31,573 2,030 0 0 73,938 42,365 149,969 124,534 |
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THE ROBERT COCKS ALMHOUSES TRUST, OLD BUCKENHAM NOTES TO THE ACCOUNTS FOR THEYEAR ENDED 31 DECEMBER 2020 1 The Tnjst owns freehold propety, in the name of the Official Custodian for Charities, comprising land and a terrace of ten, one bedroomed Almshouses at Old Buckenham Norfolk. This asset is not recognised on the balance sheet. The current insurance value of the freehold ro is recorded as bein £881 804 2 Investments held in the name of the Qffical Trustee for Charities.. As at 31 December 2020 90.925 income shares in M&G Charity Multi Asset Fund (market value £76,031) As at 31 De¢ember 2019 90,925 income shares in National Association of Almshouses common inveslment fund (market value £82.1691 During 2020, there have been no changes to the number of shares we hold in the M&G Charity Multi Asset Fund. Markets have been volatile this year, falling heavily when the pandemic hit all share values hard in March 2020. They gradually started to recover but still closed down on the year to 31 December. Dividend payments have remained strong and we continue to consider this portfolio a suitable haven for our capital. 3 Trustees took the decision tr) postpone improvements to the properties during the Pandemic, and as a result the amount of liquid cash in our Accounts has grown significantly during the year. As we approach the end of the year we intend to investigate the cost of replacing Ihe roof on our Grade 2 Listed Propety. This was shown to be a necessary repair within a 5 year period in our Maintenance plan dated November 2017. Although the Pandemic did cause us some additional work. with 2 residents shielding, we have been lucky that there were no changes I vacant units during the year and all residents We able to keep up to date with payment of MMC. In addition, our village rallied to ensure all residents needing help and assistance, received that help from a local coordinator. We did take the opportunity lo review the provider for fire safety in all Almshouses and found that some advice given previously was suspect. and there were some cost savings to be made on regular servicing. As a consequence we have changed our Provider. 4 The accounts have been prepared on a receipts and payments basis effective from 2012. This is in accordance with the charity commision guidance which states.. "If your charity has a gross income of £250,000 or less and is not a company then you may be able to prepare recei ts and ments accounts that rovide a sim le and flexible basis for accounts aration" We approve these accounts and confimi thay we have made available all relevant record5 and inforniation for their preparation Mrs Terri Hammond CIMA Honora Inde endent Examiner Mr Chris Talbot Trustee & Treasurer Canon S Wright Trustee and Chair