| Page | |||
|---|---|---|---|
| Reference and Administrative Details |
|||
| Report ofthe Trustees | 2 | to | 3 |
| Independent Examiner's Report |
|||
| Statement ofFinancial Activities | |||
| Balance Sheet | |||
| Notes to the Financial Statements | 7 | to | 12 |
| Detailed Statement ofFinancial Activities | 13 |
| FOR | THE YEAR E | NDED 31MA | RCH 2021 | |||||
|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||||
| Unrestricted | Restricted | Endowment | Total | Total | ||||
| funds | funds | fund | funds | funds | ||||
| Notes | g | |||||||
| INCOME AND | ||||||||
| ENDOWMENTS | FROM | |||||||
| Residents maintenance contributions Investment income |
62,205 16,151 |
62,205 16,151 |
51,246 16,247 |
|||||
| Total | 78,356 | 78,356 | 67,493 | |||||
| EXPENDITURE | ON | |||||||
| Charitable activities Operating costs |
33,664 | 33,664 | 64,621 | |||||
| Net gains/(losses) investments |
on | (6,764) | (6,764) | 1,922 | ||||
| NKT INCOME | 37,928 | 37,928 | 4,794 | |||||
| RECONCILIATION | OF | |||||||
| FUNDS | ||||||||
| Total funds brought | forward | 507,801 | 675,586 | 1,183,387 | 1,178,593 | |||
| TOTAL FUNDS FORWARD |
CARRIED | 545,729 | 675,586 | 1,221,315 | 1,183,387 |
| BALANCE SHEET 31MARCH 2021 |
||||||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| Notes | ||||||
| FIXEDASSETS | ||||||
| Tangible assets Investments |
675,586 26,728 |
675,586 27,097 |
||||
| 702,314 | 702,683 | |||||
| CURRENT ASSETS | ||||||
| Debtors | 9 | 791 | 704 | |||
| Investments | 10 | 503,298 | 469,693 | |||
| Cash at bank | 17,472 | 12,364 | ||||
| 521,561 | 482,761 | |||||
| CREDITORS | ||||||
| Amounts falling due |
within one year | (2,560) | (2,057) | |||
| NKT CURRENT | ASSETS | 519,001 | 480,704 | |||
| TOTAL ASSETSLESS CURRENT | ||||||
| LIABILITIES | 1,221,315 | 1,183,387 | ||||
| NET ASSETS | 1,221,315 | 1,183,387 | ||||
| FUNDS | 13 | |||||
| Unrestricted funds: |
||||||
| General fund | 15,177 | 10,485 | ||||
| Capital Fund Cyclical Maintenance Extra Ordinary Repair |
Fund Fund |
27,254 171,968 107,989 |
27,623 154,204 99,342 |
|||
| Grant Redemption | Fund | 223,341 | 216,147 | |||
| 545,729 | 507,801 | |||||
| Endowment funds |
675,586 | 675,586 | ||||
| TOTAL FUNDS | 1,221,315 | 1,183,387 |
| RESIDENTS MAINTENANCE | CONTRIBUTIONS | 2021 | 2020 |
|---|---|---|---|
| g | |||
| 62,205 | 57,238 | ||
| Resident maintenance | (5,992) | ||
| Losses f'rom voids etc | |||
| 62,205 | 51,246 | ||
| INVESTMENT INCOME | 2021 | 2020 | |
| f | |||
| 16,145 | 16,229 | ||
| Investmentincome | 6 | 18 | |
| Interest receivable | |||
| 16,151 | 16,247 |
| There were no trustees' expenses paid for the yea |
There were no trustees' expenses paid for the yea |
r ended 31March | 2021 nor for the | year ene | . |
|---|---|---|---|---|---|
| COMPARATIVES FORTHE STATEMENT | OF FINANCIAL Unrestricted |
ACTIVITIES Restricted |
Endowment | Total | |
| funds | funds | fund | funds | ||
| g | g | ||||
| INCOME AND ENDOWMENTS FROM | |||||
| Residents maintenance Investment income |
contributions | 51,246 16,247 |
51,246 16,247 |
||
| Total | 67,493 | 67,493 | |||
| EXPENDITURE ON | |||||
| Charitable activities Operating costs |
64,621 | 64,621 |
| COMPARATIVES FOR | COMPARATIVES FOR | THK STATEMENT | OFFINANCIAL | ACTIVITIES -continued | ACTIVITIES -continued | ||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | ||||
| funds | funds | fund | funds | ||||
| 6 | |||||||
| Net gains on investments | 1,922 | 1,922 | |||||
| NET INCOME | 4,794 | 4,794 | |||||
| RECONCILIATION | OF | FUNDS | |||||
| Total funds brought | forward | 503,007 | 675,586 | 1,178,593 | |||
| TOTAL FUNDS CARRIED FORWARD | 507,801 | 675,586 | 1,183,387 | ||||
| 7. | TANGIBLE FIXED | ASSETS | |||||
| Freehold | |||||||
| property | |||||||
| COST | |||||||
| At 1 April 2020 and 31March 2021 | 675,586 | ||||||
| NKT BOOK VALUE | |||||||
| At 31March 2021 | 675,586 | ||||||
| At 31March 2020 | 675,586 | ||||||
| 8. | FIXEDASSETINVESTMENTS | ||||||
| Unlisted | |||||||
| investments | |||||||
| MARKET VALUE | |||||||
| At 1 April 2020 | 27,097 | ||||||
| Revaluations | (369) | ||||||
| At 31March 2021 | 26,728 | ||||||
| NKT BOOK VALUE | |||||||
| At 31March 2021 | 26,728 | ||||||
| At 31March 2020 | 27,097 | ||||||
| There were no investment | assets outside the UK. | ||||||
| Cost or valuation at 31March 2021 is represented |
by: | ||||||
| Unlisted | |||||||
| investments | |||||||
| I | |||||||
| Valuation in 2020 |
115 | ||||||
| Valuation in 2021 |
(369) | ||||||
| Cost | 26,982 | ||||||
| 26,728 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Prepayments | 791 | 704 | |||||
| CURRENT ASSET | INVKSTMKNTS | ||||||
| 2021 | 2020 | ||||||
| Purchase | Units | Market | Market | ||||
| Cyclical Maintenance Fund Extra Ordinary Repairs Fund Grant Redemption Fund |
168,101 105,074 215,879 |
127,558 80,082 165,627 |
171,968 107,989 223,341 |
154,204 99,342 216,147 |
|||
| 489,054 | 373,267 | 503,298 | 469,693 | ||||
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE | YEAR | ||||||
| 2021 | 2020 | ||||||
| Sundry creditors | 2,560 | 2,057 | |||||
| ANALYSIS OFNKT ASSETS BETWEEN | FUNDS | ||||||
| 2021 | 2020 | ||||||
| Unrestricted | Restricted | Endowment | Total | Total | |||
| funds | funds | fund | funds | funds | |||
| f | f | ||||||
| Fixed assets | 675,586 | 675,586 | 675,586 | ||||
| Investments | 26,728 | 26,728 | 27,097 | ||||
| Current assets | 521,561 | 521,561 | 482,761 | ||||
| Current liabilities |
(2,560) | (2,560) | (2,057) | ||||
| 545,729 | 675,586 | 1,221,315 | 1,183,387 | ||||
| MOVKMKNT IN | FUNDS | ||||||
| Net | Transfers | ||||||
| movement | between | At | |||||
| At 1.4.20 | in funds | funds | 31.3.21 | ||||
| Unrestricted funds |
|||||||
| General fund | 10,485 | 44,692 | (40,000) | 15,177 | |||
| Capital Fund Cyclical Maintenance Fund Extra Ordinary Repair Fund Grant Redemption Fund |
27,623 154,204 99,342 216,147 |
(369) 7,764 (1,353) (12,806) |
10,000 10,000 20,000 |
27,254 171,968 107,989 223,341 |
|||
| 507,801 | 37,928 | 545,729 | |||||
| Endowment funds |
|||||||
| Endowment Fund |
675,586 | 675,586 | |||||
| TOTAL FUNDS | 1,183,387 | 37,928 | 1,221,315 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| Unrestricted funds |
||||||
| General fund | 78,356 | (33,664) | 44,692 | |||
| Capital Fund Cyclical Maintenance Extra Ordinary Repair |
Fund Fund |
(369) 7,764 (1,353) |
(369) 7,764 (1,353) |
|||
| Grant Redemption | Fund | (12,806) | (12,806) | |||
| 78,356 | (33,664) | (6,764) | 37,928 | |||
| TOTAL FUNDS | 78,356 | (33,664) | (6,764) | 37,928 |
| Net | ||||||
|---|---|---|---|---|---|---|
| movement | At | |||||
| At 1.4.19 | in funds | 31.3.20 | ||||
| f, | ||||||
| Unrestricted | funds | |||||
| General fund | 7,613 | 2,872 | 10,485 | |||
| Capital Fund Cyclical Maintenance Fund Extra Ordinary Repair Fund Grant Redemption Fund |
27,508 153,870 98,920 215,096 |
115 334 422 1,051 |
27,623 154,204 99,342 216,147 |
|||
| 503,007 | 4,794 | 507,801 | ||||
| Endowment | funds | |||||
| Endowment | Fund | 675,586 | 675,586 | |||
| TOTAL FUNDS | 1,178,593 | 4,794 | 1,183,387 |
| Comparative net m |
ove | ment in funds, inc |
luded in the above are a |
s follows: | ||
|---|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | |||
| resources | expended | losses | in funds | |||
| Unrestricted funds |
||||||
| General fund | 67,493 | (64,621) | 2,872 | |||
| Capital Fund Cyclical Maintenance Fund Extra Ordinary Repair Fund Grant Redemption Fund |
115 334 422 1,051 |
115 334 422 1,051 |
||||
| 67,493 | (64,621) | 1,922 | 4,794 | |||
| TOTAL FUNDS | 67,493 | (64,621) | 1,922 | 4,794 |
| FORTHEYEAR ENDED 31MARCH 2021 | ||||||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| 8 | ||||||
| INCOME AND ENDOWMENTS | ||||||
| Residents maintenance Resident maintenance Losses trom voids etc |
contributions | 62,205 | 57,238 (5,992) |
|||
| 62,205 | 51,246 | |||||
| Investment income Investment income |
16,145 6 |
16,229 18 |
||||
| Interest receivable | ||||||
| 16,151 | 16,247 | |||||
| Total incoming resources | 78,356 | 67,493 | ||||
| EXPENDITURE | ||||||
| Charitable activities Rates and water Insurance |
2,831 2,367 71 |
2,823 2,643 196 |
||||
| Sundry expenses Management fees Unidial charges Stair lift maintenance Service charges National association ofalmshouses |
7,200 1,830 8,192 3,581 216 19 |
7,200 1,830 1,353 3,328 210 15 |
||||
| Ombudsman | 398 | 32,909 | ||||
| Repairs and maintenance | 69 | 212 | ||||
| Room hire | 511 | |||||
| Repairs -Electrical works | 647 | 563 | ||||
| Repairs -Fire protection Repairs - Gas Fires Repairs -Water Independent examiners |
fee | 1,472 1,742 1,440 783 |
1,820 1,716 1,494 2,007 |
|||
| Clerk's expenses | 806 | 791 | ||||
| Accountancy and administration |
3,000 | |||||
| Professional fees |
||||||
| 33,664 | 64,621 | |||||
| Total resources expended | 33,664 | 64,621 | ||||
| Net income before gains and losses | 44,692 | 2,872 | ||||
| Realised recognised | gains and | losses | ||||
| Realised surplus/deficit invesiments |
on fixed | asset | (6,764) | 1,922 | ||
| Net income | 37,928 | 4,794 |