2022-04-05-accounts - Lionel Annesley Dorant For Almshouses

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STATEMEN	T OF FINANCi	AL AC	TIVITIES FO		R THE YEAR	ENDE	D 5TH APRIL	2022
					Unrestricted	Funds
		Notes	G	I	~Di tvd		Total	Total
			Fund		Funds		2022	2021
INCOME FROM							6
Charitable Activity:
Contributions by Almspeople Investments		2	110,674 18,004		15,771		110,674 33,775	115,965 32,309
Total income			128,678		15,771		144,449	148,274
EXPENDITURE ON
Raising funds:
Investment property Charitable Activity:	expenses	3	4,787				4,787	3,671
Residential charges collection fees Property repairs and maintentance Lift maintenance Light and heat Insurance Water charges Garden maintenance Council Tax Warden's salary Warden Call Telephone Administrator's fee Governance costs Depreciation Sundry expenses		4 5 6 7	2,738 44,001 1,686 12,631 2,612 2,190 1,570 8,714 15,263 1,188 765 7,500 11,548 5,392 1,008				2,738 44,001 1,686 12,631 2,612 2,190 1,570 8,714 15,263 1,188 765 7,500 11,548 5,392 1,008	2,311 17,608 1,671 11,237 2,579 2,355 1,570 2,335 15,468 1,179 678 7,000 10,880 5,592 512
Total expenditure			123,593				123,593	86,648
Net income before gains/(losses)
on investment assets			5,085		15,771		20,856	61,626
Gain/{Loss) on investment assets:
Unrealised - Investments Unrealised - Investment properties					35,616		35,616	85,759
					35,616		35,616	85,759
Net surplus/(deficit) for before transfers Transfers between funds	year	10	5,085 (687)		51,387 687		56,472	147,385
Net movement in funds Fund balance brought forward			4,398		52,074		56,472	147,385
at 6th April 2021			511,912		1,404,683		1,916,595	1,769,210
Fund balance carried forward
at 5th April 2022		S	516,31Q	E 1,456,757		6	1,973,067	6 1,916,595

STATEMENT OF CASH FLOWS FOR THE Y	EAR ENDING 5TH APRIL	2022
	2022	2021
		E.
RECONCILIATION OF NET INCOME TO
NET CASH FLOW FROM OPERATING ACTIVITIES
Net income/(deficit) for the year (page 4) Adjustments for:	56,472	147,385
Net (gains)/losses on investments Depreciation charge Investment income (Increase)/Decrease in debtors Increase/(Decrease) in creditors	(35,616) 5,392 (33,775) 2,972 2,900	(85,759) 5,592 (32,309) 5,523 3,778
Net cash generated/(absorbed) by operations	(1,655)	44,210
CASH FLOWS FROM INVESTING ACTIVITIES
Investment income Purchases ofinvestments	33,775 (20,771)	32,309 (21,576)
Net cash generated from investing activities	13,004	10,733
Change in cash and cash equivalents in the reporting period	11,349	54,943
Cash and cash equivalents at 5th April 2021	503,857	448,914
Cash and cash equivalents at 5th April 2022 Cash with deposit takers and at bank	6 515,206	503,857
Comprising:
Cash with deposit takers (page 5) Cash at bank (pane 5)	426,985 88,221	426,466 77,392
	6 515,206	F. 503,857

INVESTMENT INCOME	INVESTMENT INCOME
Rents receivable NAACIF Accumulation Units: General Fund E 17,475		Unrestricted ~Di td Fund		Funds Total 2022 17,475		Total 2021 Z 14,440
Distributions Invested COIF Income Units:		15,771		15,771		16,576
Distributions received Interest Receivable	9 520			9 520		9 1,284
18,004		15,771		33,775	E	32,309
INVESTMENT PROPERTY EXPENSES
				2022		2021
Agents and professional fees Repairs and maintenance				3,582 1,205		3,089 582
			E	4,787	E	3,671
PROPERTY REPAIRS AND MAINTENANCE
				2022		2021
Flats refurbishment Repaint/refurbish front doors Electrical installation reports Bathrooms refurbishment				27,613 3,989 4,030		E 8,505
Outdoor lighting Decoration - communal areas Electrical servicing Boiler service and repairs Laundry room - Equipment, repairs Fire equipment maintenance General repairs and maintenance				800 600 1,375 2,206 3,388		5,024 1,023 499 1,285 1,272
				44,001		17,608

1 TANGIBLE FIXED	ASS	ETS
												Furniture
										Freehold		f~ittin s 8t
										~ro art				Total
Cost														g
At 6th April 2021 Additions										548,628		66,686		615,314
At 5th April 2022										548,628		66,686		615,314
Depreciation
At 6th April 2021 Charge for year										80,940 4,313		59,495 1,079		140,435 5,392
At 5th April 2022										85,253		60,574		145,827
Net book value
At 5th April 2022									g	463375		g 6 112		S 469487
At 6th April 2021										467,688		f, 7,191		8 474,879
AII tangible fixed assets		were used for charitable					purposes.
The charity's freehold property comprises the housing property known as Dorant House, New Greens Lane, St. Albans, Hertfordshire AL3 6HT. Cost includes the purchase cost ofthe site incurred in 1978 amounting to Z30,000 and subsequent expenditure on building costs amounting to F518,628 and expenditure on replacement windows incurred in 2012-13and 2014-15.
The site acquisition cost is not depreciated. The vacant possession is estimated by the Trustees to be ofthe order ofE1.5m at 5th April											market value 2022.		of	the property
FIXEDASSET INVESTMENTS
										~di	tdd d
											~Et«d
					~Ca	ital				~Ca ital		~Re air
					Fund					Fund		Fund
				Investment					Investment			Investments
					~Pro	ert				COIFCIF		NAACIF		Total
At 6th April 2021 at valuation Additions at cost Distributions reinvested Unrealised gains/(losses)					475,000					295 30		461,700 5,000 15,771 35,586		936,995 5,000 15,771 35,616
AT 5th April 2022 at	valuation		R		475,000			E		325	5	518,057	g	993,382

dividends amounted DEBTORS	to	, q E359,939at 5th April 2022 (2021-f339	aons an ac ,168).	cumulated
			2022	2021
Due within one year				E
Contributions receivable Prepayments			9,282 1,860	12,787 1,327
			11,142 E	14,114
CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR
			2022	2021
Social Security and Resident payments Accruals	other taxes in advance		362 1,131 14,657	425 2,249 10,576
			16,150 E	13,250

ANALYSIS OF' NET ASSETS	BETWEEN FUNDS
			Et«d	Total
	General	~Ca ital	~Re air	Net
	Fund	Fund	Fund	Assets
Tangible fixed assets Fixed asset investments Debtors Cash with deposit takers Cash at bank Creditors (1 year	E 6,112 11,142 426,985 88,221 (16,150)	463,375 475,325	K 518,057	E 469,487 993,382 11,142 426,985 88,221 (16,150)
	F. 516,310	E938,700	F. 518,057 F. 1,973,067