THE ROBERT COCKS ALMSHOUSE TRUST FOR THE YEAR END 31st December 2021
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THE ROBERT COCKS ALMHOUSES TRUST, OLD BUCKENHAM INCOfvIE AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2021 2021 2020 INCOME Interest on Investments Bank Deposit Interest Resident Receipts Miscellaneous IncomelDonations 3,001 3,182 48,057 46,750 40 TOTAL INCOME 51,558 49,972 EXPENDITURE Repairs and Maintenance Rates and Water Charges Light & Heat Insurance Premium Llfe Ilne Fire Extin8uishers Association Fees Accountancy Fees TV Licensin8 Chrlstmas box & Honoraium to Almspeople Sijndry Expenses Written off TOTAL EXPENDITURE 19,915 672 7,261 1,004 871 7,756 469 6,388 942 1,103 662 361 23 SCH) 48 30 500 190 30.293 18,400 NET INCOMEIEXPENDITURE FOR THE YEAR 21,264 31,573
THE ROBERTCOCK5 ALMHOUSES TRUST. OLD BUCKENHAM BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2021 2021 2020 INVESTMENTS Income Shares (see note i) Shares at Cost Prlor Year unrealised revaluation Current Year unrealised revaluation Market Value at 31 Oecember 34,141 41,890 6,847 82,878 34,141 48.028 -6,138 76.031 CURRENT ASSETS Cash and Bank Balan$ Community Account- 70095591 General Account- 20272795 85,316 3,821 6,064 62,059 6,953 4,925 Heating Account- 40272833 Roof Account- XXX Scottlsh Widows Bank- 50488771078 Virgin Money Charlty Deposit Acc- 15035y-24422 TOTAL CURRENT ASSETS 95,203 73,939 CURRENT LIABILITIES Creditors and Provisions TOTAL CURRENT LIABILITIES NET ASSETS 178,081 149,970 FUNDS OF THE CHARITY CONSISTS OF Capitsl Fund (represented by investments) Balance brought forward l January Add transfer from income account Add unrealised Investment Revaluation 76,031 82,169 6,847 82,878 -6,138 76,031 Balance carried forward at 31 December Income Account Balance brought forward at l January Surplus / IDeficitl in year Transfer to Capital Fund Balance carried forward at 31De¢ember 73,938 21.264 42,365 31,573 95.202 73,938 TOTAL FUNDS 178,080 149,969
THE ROBERT COCKS ALMHOUSES TRUST, OLD BUCKENHAM NOTES TOTHE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 1 The Trust owns freehold propety, in the name of thts Official Custodian for Charities, comprising land and a leace of len, 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 £943 530 2 Investrnenls held in the name of the Offical Trustee for Charities.. As at 31 December 2021 90,925 incorne shares in M&G Charity Mull Asset Fund (market value £82,878) As at 31 December 2020 90,925 income shares in National Association of Amshouses common investment fund (market vatue £76,031) During 2021 there have begn no changes lo the number of shares we hold in the M&G Charity Mutti Asset Fund. Aarkets have continued their recovery durtng the year 8nd closed the year just ahead of pre pandemic levels. Diwdend payfftenls have remained strong and we continue lo consider this portfolio a suitable haven for our capital. 3 The second year of the Pandemlc saw Trustees continue lo pul propety irnprovsmenls on the back bumer, partly to save Residents unnÈca5S8ry contact and disturban, and partly to continue to save towards essential repairs to the roof. Having said that we did uncover damage lo rainwater drains and, with surveys and remedial worf(s, spent in excess of £14000. In addition we have now discovered a problem with foul waler drains al one propety an invesligalions wll continue into next year. One resident left us in March and was Iransferred to a nursing home. £2500 wa5 spent on redecoration and Carpeting to bring the propety back up to standard. A new resident W8S appointed in June 2021 to fill that propety. The Trustees s0 reviewed a healing rebate sch8me wo provided to residents. This was Gonsidered unfair and from the end of 2021 we have wthdrawn that particular benefit and reduced MMC by an equivalent amount but distributed equally lo all residents. 4 The accounts have been prepared on a rBceipt8 and payments basss effective from 2012. Th18 Is In accordance wth the charity commision quidanc8 which stale8'. 'If your charity has a gross income of £250.000 or less and is not a company then you may be able to prepare recai Is and enls accounts that rovide a sim le and flexible basis for accounts re aration. We approve these 8¢counts and confimi Ihay we have made available all relevant records and information for Ihelr preparation IAtts Teth Hammond CIMA Honora Inde Mr Chris Talbot endent Examiner Trustee & Treasurer Canon S Vvright 201 Trustee and Chair