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|Contents||||
|---|---|---|---|
||||Page|
|Charity Reference and|Administrative|Details|2-3|
|Trustee's
Annual
Report|||4-7|
|Independent
Examiner's|Report|||
|Statement of Financial|Activities|||
|Balance Sheet|||10|
|Notes to the Financial Statements|||11-22|
##
##
|The|Directors
who|served|for|KEVI Corporate
Trustee
Limited|KEVI Corporate
Trustee
Limited|KEVI Corporate
Trustee
Limited|during|the|year|ended|31|
|---|---|---|---|---|---|---|---|---|---|---|---|
|December 2020 and at the date||||this|report was approved
are as|follows:||||||
||Joanne Stone||||Chairman|||||||
||Malcolm
Domb||||Vice Chairman|||||||
||Linda Ainscough|||||||||||
||Tammerra
Blest||||Appointed
29th January 2020, resigned|||16th February 2021||||
||Patrick Boydell||||Resigned 29th January 2020|||||||
||Daphne
Cornell||||Resigned 24th November
2020|||||||
||Diane Drury||||Appointed
25th November|2020||||||
||Stephen
Hasler|||||||||||
||Michael
Hibbs|||||||||||
||Barbara Hughes||||Resigned 23rd March 2021|||||||
||John Kerr||||Appointed
30th November|2020||||||
||Paul Osborne||||Appointed
2nd March 2021|||||||
||Simon Oughton||||Appointed
29th January 2020|||||||
||Richard Roberts||||Resigned 29th July 2020|||||||
||Graham
Smith||||Appointed
25th November|2020||||||
||Trevor Vincent|||||||||||
||Malcolm White||||Appointed
25th November|2020||||||
|Company
Secretary
of|||the||Suzanne Scammell.
Resigned 31st March||||2020|||
|Corporate Trustee:||||||||||||
||||||Lisa Morrissey.
Appointed|6th|April 2020|||||
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|||||||||2020||2019|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||King Edward
Vl||||
||||||||and the Reverend||||
||||||||Joseph Prime|Gibson's|||
||||||||Almshouse
Charity|Charity|Total|Total|
|||||||Note|F|F|||
|Fixed assets|||||||||||
|Tangible assets||||||8|1,447,194||1,447,194|1,522,332|
|Investments||||||9|486,934|540,117|1,027,051|957,174|
||||||||1,934,128|540,117|2,474,245|2,479,506|
|Current assets|||||||||||
|Debtors||||||10|6,529|3,740|10,269|6,545|
|Cash at bank and||in|hand||||285,908|13,018|298,926|225,843|
||||||||292,437|16,758|309,195|232,388|
|Creditors: amounts|||falling||due within one||273,631||273,631|102,723|
|year|||||||||||
|Net current assets|||||||18,806|16,758|35,564|129,665|
|Total assets less||current|||liabilities||1,952,934|556,875|2,509,809|2,609.171|
|Creditors: amounts|||falling||due after more|12|110,228||110,228|131,927|
|than one year|||||||||||
|Net assets|||||||1,842,706|556,875|2,399,581|2,477,244|
|Charity Funds|||||||||||
|Endowment
Funds|||||||||||
|Permanent
Endowment||||||15|1,309,931||1,309,931|1,363,881|
|Capital
Fund||||||15||401,262|401,262|384,946|
||||||||1,309,931|401,262|1,711,193|1,748,827|
|Unrestricted
Designated||||Funds|||||||
|Furniture
8 Equipment||||Fund||15|5,702||5,702|6,468|
|Extraordinary|Repair Fund|||||15|201,860||201,860|244,360|
|Cyclical Maintenance||||Fund||15|129,900||129,900|149,309|
|Building
Fund||||||15|154,367||154,367|150,110|
|Unrestricted
Funds:|||||||||||
|General
Fund||||||15|40,946|155,613|196,559|178,170|
||||||||532,775|155,613|688,388|728,417|
|Total charity funds||||||15|1,842,706|556,875|2,399,581|2,477,244|
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|||||2020||2019|
|---|---|---|---|---|---|---|
||||King Edward||||
||||VI and the|Gibson's|Total|Total|
||||Reverend|charity|||
||||Joseph Prime||||
||||Almshouse||||
||||Charity||||
||||Unrestricted|Unrestricted|||
|Interest|from|listed investments||20,256|20,256|15,634|
|Interest|from|deposit accounts|1,890||1,890|481|
||||1,890|20,256|22,146|16,115|
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||||||2020|2020||2019|
|---|---|---|---|---|---|---|---|---|
||||||King Edward
VI and the|Reverend|||
||||||Joseph Prime Almshouse|Charity|Total|Total|
||||||Unrestricted
Restricted||||
|||||||F|||
|Ex enditure
on lettin||housin||accommodation|||||
|Council tax|||||685||685|1,703|
|Water charges|||||8,604||8,604|9,767|
|Insurance|||||8,705||8,705|8,077|
|Light and heat|||||7,704||7,704|7,472|
|Routine maintenance|||||31,265||31,265|21,570|
|Garden
maintenance|||||6,252||6,252|9,975|
|Cleaning|||||3,735||3,735|4,790|
|Bad debts written|off||||2,900||2,900|1,775|
|Loan interest and|charges||||7,674||7,674|8,370|
|Depreciation
offreehold|||property||36,937||36,937|37,237|
|Sundry expenses|||||467||467||
||||||114,928||114,928|110,736|
|Wages and salaries (note 7)|||||27,507||27,507|27,655|
|Training costs|||||544||544|444|
|Subscriptions|||||692||692|615|
|Telephone,
postage and|||stationery||1,258||1,258|2,481|
|Website development|||||487||487|118|
|Legal and professional||fees|||270||270|345|
|ITSoftware|||||1,836||1,836|1,874|
|Accountancy
fees|||||5,138||5,138|7,801|
|Bank charges|||||64||64||
|Advertising
and marketing|||||196||196||
|Sundry expenses|||||662||662|2,841|
||||||38,654||38,654|44,174|
|Depreciation
offurniture|||and|equipment|767|||4,206|
||||||||767||
|Extraordinary
repairs|||||260,511|500|261,011|57,540|
|Cyclical maintenance|||||30,727||30,727|50,261|
|Repairs||||||||500|
||||||445,587|500|446,087|267,417|
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|||||2020|2019|
|---|---|---|---|---|---|
|||||No.|No.|
|Estate management||||||
|Business manager||||||
|The total staff costs|and employee|benefits were as follows:||||
||||2020||2019|
||||f.||F|
|Wages and salaries|||27,|165|27,326|
|Social security||||||
|Defined contribution|pension costs|||342|329|
||||27,507||27,655|
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|Tangible fixed assets||||
|---|---|---|---|
||Freehold|Furniture
and||
||Property|Equipment|Total|
||||E|
|Cost or valuation:||||
|At 1"January 2020|2,022,907|76,083|2,098,990|
|Additions|(37,434)||(37,434)|
|Disposals
At31"December 2020|1,985,473|76,083|2,061,556|
|Depreciation:
At 1"January 2020|507,044|69,614|576,658|
|Charge for the year|36,937|767|37,704|
|Eliminated
on disposals||||
|At31"December 2020|543,981|70,381|614,362|
|Net book value:||||
|At31"December 2020|1,441,492|5,702|1,447,194|
|At31"December 2019|1,515,863|6,469|1,522,332|
##
|Fixed asset investments||||
|---|---|---|---|
||King Edward
Vl|Gibson's||
||and the Reverend|Chadty|Total|
||Joseph Prime|||
||Almshouse
Charity|||
|Market value at 1"January 2020|471,876|485,298|957,174|
|Additions||33,000|33,000|
|Disposals||||
|Revaluation|15,058|21,819|36,877|
|Market value at31"December 2020|486,934|540,117|1,027,051|
|Cost at31"December 2020|371,784|220,437|592,221|
|Cost at31"December 2019|371,784|187,437|559,221|
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|10|Debtors||||||||
|---|---|---|---|---|---|---|---|---|
|||||||2020||2019|
||||||King Edward
Vl||||
||||||and the Reverend||||
||||||Joseph Prime|Gibson's|||
||||||Almshouse
Charity|Charity|Total|Total|
|||||||E|||
||Contributions|in arrears|||6,573||6,573|8,320|
||Provision
for|doubtful||debts|(2,240)||(2,240)|(3,306)|
||Other debtors||||471||471||
||Prepayments|and accrued income|||1,725|3,740|5,465|1,531|
||||||6,529|3,740|10,269|6,545|
|11|Creditors: amounts|||falling due within|one year||||
|||||||2020||2019|
||||||King Edward
Vl||||
||||||and the Reverend||||
||||||Joseph Prime|Gibson's|||
||||||Almshouse
Charity|Charity|Total|Total|
||Bank loans (note 13)||||21,332||21,332|20,055|
||Contributions|received||in advance|7,908||7,908|11,102|
||Other creditors||||237,291||237,291|56,790|
||Accruals and|deferred||income|7,100||7,100|14,776|
||||||273,631||273,631|102,723|
|12|Creditors: amounts||falling due after||more than one year||||
|||||||2020||2019|
||||||King Edward
Vl||||
||||||and the Reverend||||
||||||Joseph Prime|Gibson's|||
||||||Almshouse
Charity|Charity|Total|Total|
||||||||F||
||Bank loans and overdrafts
(note 13)||||110,228||110,228|131,927|
||||||110,228||110,228|131,927|
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|Yea|r Ended 31"December 2|020|||
|---|---|---|---|---|
|13|Loans||||
||||2020|2019|
||||F|F|
||The Almshouse
Association|Loan|21,000|29,400|
||Charity
Bank Ltd loan||110,560|122,581|
||||131,560|151,981|
||Loans are repayable as follows:||||
||In one year or less||21,332|20,055|
||Between one and two years||22,157|20,295|
||Between two and five years||51,223|50,085|
||In five years or more||36,848|61,546|
||||131,560|151,981|
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|||Balance at
1"January|Balance at
1"January|Balance at
1"January|Income|Expenditure|Gains
(losses) on|Gains
(losses) on|Transfers
between|Balance at31"
December|
|---|---|---|---|---|---|---|---|---|---|---|
|||||2020|||investments||funds|2020|
||||||F|||F|||
|Kin
Edward||Vl and|the Reverend Jose|||h Prime Almshouse||Chari|||
|Unrestricted||Funds|||||||||
|General
Fund||||48,341|310,766|(153,583)|||(164,578)|40,946|
|Furniture
8||||6,468|-|(766)||||5,702|
|Equipment|Fund||||||||||
|Extraordinary||||244,360||(260,511)||6,303|211,708|201,860|
|Repair Fund|||||||||||
|Cyclical||||149,309||(30,727)||4,498|6,820|129,900|
|Maintenance|||||||||||
|Fund|||||||||||
|Building
Fund||||150,110||||4,257||154,367|
|||||598,588|310,766|(445,587)||15,058|53,950|532,775|
|Restricted|Funds||||||||||
|Restricted|Fund||||500|(500)|||||
|Permanent|Endowment|||Funds|||||||
|Permanent||1,363,881|||||||(53,950)|1,309,931|
|Endowment|||||||||||
|Fund|||||||||||
|Total||1,962,469|||311,266|(446,087)||15,058||1,842,706|
|Unrestricted|Funds||||||||||
|General
Fund|||129,829||20,281|||5,503||155,613|
|Permanent|Endowment|||Funds|||||||
|Capital
Fund||384,946||||||16,316||401,262|
|Total||||514,775|20,281|||21,819||556,875|
|Total||2,477,244|||331,547|(446,087)||36,877||2,399,581|
##
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|Analysis|o|f|net asset|s between funds||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||Creditors||
|||||Fixed|Investments|Current assets||due more||
|||||assets||(liabilities)||than one||
|||||||||year|Total|
|||||F|||F|F||
|Kin
Edward|||Vl and the Reverend Jose||h Prime Almshouse||Chari|||
|Unrestricted|||Funds|||||||
|General|Fund||||807||40,139||40,946|
|Furniture|8|Equipment||5,702|||||5,702|
|Fund||||||||||
|Extraordinary|||Repair Fund||201,860||||201,860|
|Cyclical|Maintenance|||Fund|129,900||||129,900|
|Building|Fund||||154,367||||154,367|
|||||5,702|486,934||40,139||532,775|
|Permanent||Endowment||Funds||||||
|Permanent||Endowment||1,441,492|||(21,333)|(110,228)|1,309,931|
|Fund||||||||||
|Total||||1,447,194|486,934||18,806|(110,228)|1,842,706|
|Unrestricted||Funds||||||||
|General|Fund||||138,855||16,758||155,613|
|Permanent||Endowment||Funds||||||
|Capital Fund|||||401,262||||401,262|
|Total|||||540,117||16,758||556,875|
|Total||||1,447,194|1,027,051||35,564|(110,228)|2,399,581|
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