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|BALANCE SHEET AS|AT|31STDECEMBER 2020||||
|---|---|---|---|---|---|
||||Notes|2020|2019|
|FIXEDASSETS||||||
|Freehold<br>land and buildings||at Market Value||1050000||
|INVESTMENTS||||10539|10,886|
|CURRENT ASSETS||||||
|Debtors and Prepayments||||625|600|
|Cash ai bank||||14,222|53,145|
|||||14847|53745|
|CURRENT LIABILITIES||||||
|Creditors<br>falling due within||one year||7787|3,137|
|NET CURRENT ASSETS||||7060|50,608|
|NET ASSETS||||1067599|~1006,778|
|CAPITAL FUND||||||
|Permanent<br>Endowment||||659262|469262|
|INCOME FUNDS||||||
|General Purposes||||152925|292696|
|Repair and Renovation|Fund|||78942|63212|
|||||891129|82 170|
|THIRD PARTY FUNDING||||||
|Mortgage<br>Loan||||176470|181608|
|||||1067,599|1006778|





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|FOR THE YEAR ENDED 31S|T|DECEMBER 2020||||||
|---|---|---|---|---|---|---|---|
||||||2020||2019|
|||||f||||
|INCOMING RESOURCES||||||||
|Weekly Maintenance<br>Contributions|||||27294||24029|
|Investment<br>and Interest Income|||||46Q||466|
|Donations etc|||||38870||67206|
||||||66624||91701|
|RESOURCES EXPANDED||||||||
|Start up costs for renovated|cottages||||211Q||0|
|Interest and finance charges|on loan||||9656||10135|
|Property Maintenance|||||1518||1284|
|Gardening|||||6260||1767|
|Water Services|||||37||127|
|Insurance|||||1131||1235|
|Subscriptions<br>and sundry|||||749||650|
||||||21461||15198|
|Net Incoming Resources before||Transfers|||45163||76503|
|PROYISIONS||||||||
|Repair and Renovation<br>Fund|||||16500||14000|
|Unrealised<br>change<br>in value of investments|||||-770||1268|
||||||15730||15288|
|NET INCOMING/(OUTGOING)||RESOURCES||||||
|FOR THE YEAR|||||29433||61215|
|MOYEMENT OF FUNDS FOR THE YEAR ENDED||||||||
|3'1STDECEMBER 2020||||||||
||||Endowed||General|RRF|TOTAL|
|Fund Balance as at 1stJanuary||2020|469262||292696|63212|825170|
|Net Income Resources before Transfers|||0||45163|0|45163|
|Reallocation ofcost ofbuilding||extensions|172437||-172437|0|0|
|Investment<br>Unrealised<br>Loss for||Year|0||Q|-770|-770|
|Revaiuation<br>of Property 2020|||17563||4003|0|21566|
|Transfers to Special Reserves|||0||-16500|16500|0|
|Fund Balances as at December 2020|||659262||152925|78942|891129|





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|||2020|2019|
|---|---|---|---|
|NET CASH INFLOW FROM OPERATING ACTIVITIES||||
|Weekly Maintenance<br>Contributions|received|27294|24029|
|Less Operating<br>Costs||21461|15198|
|||5833|8831|
|Add INVESTMENT AND OTHER|INCOINE|||
|Investment<br>and Interest Income||460|466|
|Donations etc||38870|67206|
|||45163|76503|
|Less LOAN REPAYMENTS AND|INVESTMENT SALES|||
|Loan repayments||-5138|-4890|
|Sales of Investments||0|0|
||||71613|
|Deduct NEW INVESTMENTS DURING YEAR||||
|Reinvested<br>in NAACIF Acc. Fund||-423||
|Expenditure<br>on developments||-83150||
||||26393|
|OTHER CHARGES IN CURRENT ASSETS||||
|Increase<br>in debtors less increase|in creditors||473|
|INCREASF IN CASH POSITION DURING YEAR||-38723|26866|
|Cash at bank on 1stJanuary 2020||53145|26279|
|CASH AT BANK ON 31STDECEMBER 2020||14422|53145|





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||||||||Non||||
|---|---|---|---|---|---|---|---|---|---|---|
||||||||Endowed||||
||||||||Exts. 1-|Non|Non||
||||Endowed||Endowed||4+Parking|Endowed|Endowed||
|2.LAND AND BUILDINGS||||Land|Bldgs 1-3||Ext.|Bldg 4|Bldgs 5-7|TOTAL|
|Gross value at 31st Dec2019|||340000|||254211|146767|84737|298517|1124232|
|Costs incurred<br>during 2020||||0||0|83150|0|0|83150|
|Gross value at31stDec2020|||340000|||254211|229917|84737|298517|1207382|
|Reallocations||||0||172437|-229917|57480|0|0|
|Depreciation<br>at 1stJan. 2020||||0||-134211|0|-44737|0|-178948|
|Revaluation<br>2020||||10000||7563|0|2520|1483|21566|
|Revisions to Valuation||||10000||45789|-229917|15263|1483|-157382|
|Revaluation<br>at31stDec2020|||350000|||300000|0|100000|300000|1050000|
|3.INVESTMENTS|||||||||RRF|Total|
|Balance b/f at 1stJanuary 2020|||||||||10886|10886|
|2020 dividends<br>reinvested<br>in NAACIF Accumulation||||||shares|||423|423|
|Decrease in valuation<br>at 31|st|December 2020|||||||-770|-770|
|Market value of NAACIF Accumulation||||share|at 31st December 2020||||10539|10539|
||||||||||2020|2019|
|4.CASH AT BANK|||||||||||
|Cafgold|||||||||12992|51515|
|Cafcash|||||||||1229|1630|
|Total|||||||||14221|53145|
|5.THIRD PARTY FUNDING|||||||||||
|Mortgage Loan outstanding|at|1st January 2020|||||||181608|186498|
|Amount<br>repaid during the year|||||||||5138|4890|
|Mortgage<br>Loan outstanding||at 31stDecember||||2020|||176470|181608|