||||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|
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||||||||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|
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||||||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|
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|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|
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||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|
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|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|
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|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|
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|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|
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||||||||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|