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2021-12-31-accounts

Page
Report ofthe Trustees I to 5
Independent
Examiner's		 Report
Statement ofFinancial Activities
Balance Sheet
Notes to the Financial Statements 9to 15
Detailed Income and Expenditure Account 16

31.12.21 31.12.20
Unrestricted Designated Restricted Total Total
funds funds funds funds funds
Notes
Income and endowment from:
Donations
and legacies		 2,000
Charitable
activities		 84,643 84,643 81,879
Grant amortisation 11,225 11,225 11,225
Investment
income		 4,360 4,360 5,322
Total income 84,643 4,360 11,225 100,228 100,426
Expenditure
on:
Charitable
activities
Provision for social 37,581 37,581 30,231
living
Depreciation 2,497 40,060 42,557 42,052
Total expenditure 40,078 40,060 80,138 72,283
Net gains/(losses)
on		 13,084 13,084 (9,672)
investments
Net income/(expenditure)
before transfers 44,565 17,444 (28,835) 33,174 18,471
Transfers between funds (28,172) 10,000 18,172
NET MOVKMKNT IN
FUNDS 16,393 27,444 (10,663) 33,174 18)471
RECONCILATION OF
I"UNDS:
Total funds brought forward 143,938 172,208 101,920 418,066 399,595
TOTAL FUNDS CARRIED
FORWARD 160,331 199,652 91,257 451,240 418,066

31.12.21 31.12.20
Unrestricted Designated Restricted Total Total
funds funds funds funds funds
Notes
FIXEDASSETS
Tangible
assets		 30,751 209,976 240,727 279,313
Investments 149,859 149,859 132,415
30,751 149,859 209,976 390,586 411,728
CURRENT ASSETS
Debtors 10 1,752 1,752 1,127
Cash at bank and in hand 130,166 49,793 400 180,359 157,334
131,918 49,793 400 182,111 158,461
CREDITORS
Amount
falling due within one
year (2,338) (29,387) (31,725) (32,603)
NKT CURRENT ASSETS / 129,580 49,793 (28,987) 150,386 125,858
(LIABILITIES)
TOTAL ASSETSLESS
CURRENT LIABILITIES 160,331 199,652 180,989 540,972 537,586
CREDITORS
Amounts
falling due after more
than one year (89,732) (89,732) (119,520)
NET ASSETS 160,331 199,652 91,257 451,240 418,066
FUNDS 15&
16
Unrestricted
funds		 160,331 143,938
Designated
funds		 199,652 172,208
Restricted funds 91,257 101,920
TOTAL FUNDS 451,240 418,066

HE FINANCIAL STATE
nded 31December 2021		 MENTS
Roof 40 years
Bathrooms 30years
Doors and Windows 15years
Heating 20 years
Kitchens 20 years
Lifts 20 years

Value Added Tax Tax Tax
The Harlow Poors Charities is not registered for Value Added Tax. In these Financial Statements, where
applicable,
expenditure		 is shown inclusive ofVAT.
DONATIONS AND LECACIES
31.12.21 31.12.20
Donations
and		 gifts 2,000
3. INVESTMENT INCOME
31.12.21 31.12.20
K
Income from investments 4,360 5,320
Deposit account interest 2
4,360 5,322
4. INCOME FROM CHARITABLE ACTIVITIES
31.12.21 31.12.20
Activity
Contributions from residents Provision ofsocial housing 84,643 81,879
5. CHARITABLE ACTIVITIES COSTS
31.12.21 31.12.20
Staffcosts 12,536 7,755
Direct costs 21,203 19,024
Administrative costs 715
Independent Examiner's fees 2,225 2,161
Loan interest 902 1,291
37,581 30,231

ANGIBLE FIXEDASSETS
Fixtures,
Freehold fittings &
Property equipment Total
COST
At 1 January 2021 962,501 1,937 964,438
Additions 2495 1 476 3 971
At 31December 2021 964996 3413 9611409
DEPRECIATION
At 1 January 2021 684,266 859 685,125
Depreciation for the year 41 680 877 42 557
At 31December 2021 725 946 1 736 727682
NKT BOOK VALUE
At 31December 2021 239 050 16 7 240 727
At 31December 2020 ~28 235 1 078 279 313
INVESTMKNTS
At 1 January 2021 132,415
Net income 4,360
Unrealised
gain		 13,084
At 31December 2021 149,859
Bookcost ofinvestments in M&G NAACIF f,1,431 Accumulated Shares is f,120,000.
10. DEBTORS
31.12.21 31.12.20
Residents fees due 1,603 985
Prepayments 149 142
1,752 1,127
11. CREDITORS: AMOUNTS FALLING DUK WITHIN ONE YEAR
31.12.21 31.12.20
Deferred government grants (Note 14) 11,225 11,225
Bank loans 18,162 17,771
Other creditors and accruals 2,338 3,607
31,725 32,603
12. CREDITORS: AMOUNTS FALLING DUE AFTERMORE THAN ONE YEAR
31.12.21 31.12.20
Deferred government grants (Note 14) 44,111 55,336
Bank loans 45,621 64 184
89,732 119,520
13. BANK LOANS
31.12.21 31.12.20
Due within one year 18,162 17,771
Due within 2 -5 years 45,621 64,184
63,783 81,955

GOVERNMENT GRANTS
31.12.21 31.12.20
Deferred:
Due within one year (Note 11) 11,225 11,225
Due after one year (Note 12) 44,111 55,336
55,336 66,561
Amortised
to date		 179,600 168,375
Total government grants received 234,936 234,936

5.
FUNDS ANALYSIS
Designated Restricted Restricted
Repairs 4
General Repairs Renovation Maintenance Total
Fund Fund Fund Fund Funds
K
Year ended 31.12.2020:
Funds at01.01.2020 126,641 164,560 107,994 400 399,595
Income 81,881 7,320 11,225 100,426
Expenditure (32,223) (40,060) (72,283)
Net unrealised
loss on investments
Transfer between funds		 ~32,361 (9,672)
10,000		 22,361 (9,672)
Funds at31.12.2020 143,938 172,208 101,520 400 418,066
Year ended 31.12.2021:
Income 84,643 4,360 11,225 100,228
Expenditure (40,078) (40,060) (80,138)
Net unrealised
gain on investments
Transfer between funds		 ~28,172 13,084
10,000		 18,172 13,084
Funds at 31.12.2021 160,331 199,652 90,857 400 451,240

31.12.20 31.12.19
Unrestricted Designated Restricted Total Total
funds funds funds funds funds
Notes
Income and endowment from:
Donations
and legacies		 2,000 2,000 435
Charitable
activities		 81,879 81,879 81,944
Grant amortisation 11,225 11,225 11,225
Investment
income		 5,320 5,322 5,430
Total income 81,881 7,320 11,225 100,426 99,034
Expenditure
on:
Charitable
activities
Provision for social 30,231 30,231 31,758
living
Depreciation 1,992 40,060 42,052 40,469
Total expenditure 32,223 40,060 72,283 72,227
Net (losses)/gains
on		 (9,672) (9,672) 15,931
investments
Net income/(expenditure)
before transfers 49,658 (2,352) (28,835) 18,471 42,738
Transfers between
funds		 (32,361) 10,000 22,361
NET MOVEMENT IN
FUNDS 17,297 7,648 (6,474) 18,471 42,738
RECONCILATION OF
FUNDS:
Total funds brought forward 126,641 164,560 108,394 399,595 356,857
TOTAL FUNDS CARRIED
FORWARD 143,938 172,208 101,920 418,066 399,595