2021-03-31-accounts

Structure, Gover	Structure, Gover	Structure, Gover	nance and Management	nance and Management
Type of governing			document		Constitution
Constitution	ofthe Charity				Association
Objective	and Activities
Objectives	of the Charity				The general good of all older people in the old
					Urban District ofOtley by providing facilities for
					physical and mental recreation, furthering health,
					relieving poverty, distress or sickness.
Main activities		in relation to the objectives			The Charity provides a permanent building comprising
					a main hall, adjacent smaller meeting rooms and
					kitchen facilities for older people to gather for social
					recreational and culinary purposes. Access is open to
					all on a day-to-day basis. The building also has offices
					and facilities for service providers.
Achievements		and		Performance
Main activities		during		the year	The Trustees feel that they achieved their objectives
					in the year under review.
					The Covid-19 pandemic caused general activities to
					cease in March 2020. The start ofthe refurbishment
					ofthe building was deferred from mid-Summer to the
					Autumn and was virtually completed by the year end.
					The building reopened in the Summer of2021.

	NOTES	UNRESTRICTED	RESTRICTED			2021	2020
		FUNDS	FUNDS			TOTAL	TOTAL
INCOME						FUNDS	FUNDS
Donations		10000.00	371983.99			381983.99	6030.50
Charitable Activities		13100.00				13100.00	19213.46
Investments		1353.06				1353.06	1338.28
TOTAL		F 24453.06	F371983.99		2	396437.05	L26582.24
EXPENDITURE
Charitable Activities		9033.49				9033.49	21067.23
Other		912.00				912.00	1830.00
TOTAL		F 9945.49			F	9945.49	E22897.23
NET INCOME (EXPENDITURE)		14507.57	371983.99			386491.56	3685.01
Transfers between	Funds	350263.41	( 350263,41	)
Gains on Investments		7902.99				7902.99	1241.92	)
Net movement in Funds		372673.97	21720.58			394394.55	2443.09
RECONCILIATION	OF FUNDS
Total Funds brought	forward	60418.90	21284.50			81703.40	79260.31
TOTAL FUNDS CARRIED
FORWARD		F 433092.87	F 43005,08		E476097.95		F81703.40

			NOTES	2021	2020
				TOTAL FUNDS	TOTAL FUNDS
FIXEDASSETS
Freehold building refurbishment		costs		355263.41	6906.38
Investments				46079.92	38176.93
TOTAL FIXEDASSETS				K 401343.33	F 45083.31
Prepayrnents				3905.36	3228.51
Loan to Otley Older People's Trust Ltd				50.00
Cash atBank: General	Account			40544.18	34763.46
: Building	Account			43005.08	14378.12
TOTAL CURRENT ASSETS				87504.62	52370.09
CURRENT LIABILITIES
Rent received in advance	for the	next year
NET CURRENT ASSETS				F 84504.62	E 49370.09
TOTAL ASSETSLESSCURRENT LIABILITIES				485847.95	94453.40
LONGER TERM LIABILITIES
Rent received in advance	beyond	the next year
TOTAL NET ASSETS				E 476097.95	F 81703.40
THE FUNDS OF THE CHARITY
Restricted Income Funds				43005.08	21284.50
Unrestricted Funds				433092.87	60418.90
TOTAL CHARITY FUNDS				F 476097.95	E 81703.40

NOTE						2021		2021		2021		2020
					UNRESTRICTED			RESTRICTED		TOTAL		TOTAL
	INCOME
	DONATIONS
	Leeds City Council Covid Grant					10000.00				10000.00
	For Building Refurbishment							371983.99	371983.99			6030.50
						E 10000.00		E 371983.99	E381983.99		E	6030.50
2.	CHARITABLE ACTIVITIES
	Letting ofRooms					E 13100.00			F	13100.00	F	19213.46
	INVESTMENT INCOME
	Dividends on COIF Income
	Units					1348.54				1348.54		1322.01
	Bank Interest					4.52				4.52		16.27
						E 1353.06				1353.06	F 1338.28
	EXPENDITURE
4.	CHARITABLE ACTIVITIES
	Building Running Costs &
	Insurance					E 9033.49			E	9033.49	E	21067.23
5.	OTHER
	Legal & Professional	Costs				91200			E	91200	E	183000
	FIXEDASSETS								2021 TOTAL			2020
												TOTAL
	Freehold Building Refurbishment
	Cost of Refurbishment	brought		forward						6906.38
	Costs this year								348357.03			6906.38
	Cost carried forward								E 355263.41		E	6906.38
	Note: The original cost ofthe building					is not known	having	been built some	sixty years ago.
7.	INVESTMENTS
	COIF Charities Investment		Fund
	2575,52 Income Units	at bid market			value (original cost not known)				E46079.92		F 38176.93