2020-12-31-accounts

Contents				Page:
Feoffees and	Advisers
Registered Charity Numbers and Address
Report ofthe	Feoffees			3-6
Independent	Examiner's		report
Statement of	financial	activities
Balance sheet
Notes forming	part of	the	financial statements	10-19

		Note	General	Total	Total	2020	2019
			Fund	Designated	Restricted	Total	Total
						Charity	(Note 2)
income
from charitable activities:
Residents Contributions			165,451		35,992	201,443	205,838
Charitable Rents							650
from activities to generate	funds:
Investment income
Rent			19,500			19,500	19,500
COIF Shares			5,560	4,022	11,702	21,284	20,861
Bank Interest					244	244	207
Wayleaves						182
Sundry income			722			722	1151
Total incoming resources			191415	4022	47 938	243 375	248 525
Expenditure
Cost ofraising funds
Investment Property expenditure			3,092			3,092	3,344
Charitable activities
Almshouse provision
Maintenance			20,269		3,653	23,922	17,472
Running costs			48,908			48,908	53,457
Staff and administration	costs	8	63,763		18,888	82,651	80,348
Renovation				6,865		6,865	3,620
Charitable grants and donations					5850	~5 850	2 200
			136032	~686	28 391	171288	160441
Net income/(expenditure)	before
investment gains			55,383	(2,843)	19,547	72,087	88,082
Net gains on investments
Unrealised			48,663	40,051	28,289	117,003	233,824
Net income			104046	37208	47836	189090	321906
Transfer between funds			(55,383)	55,383
Fund balances brought forward			907 006	3569 294	1259499	5 735 799	5413893
Fund balances carried forward			955 669	3661885	1307335	5 924 889	5 735799

Balance sheet as at3	1"Decemb	er 2020
	Note	General	Tota I		Total	2020	2019
		Fund	Designated		Restricted	Total	Total
						Charity	Charity
		f	f		f	f	f
FIXEDASSETS
Tangible Assets	3		3,000,000		700,000	3,700,000	3,700,000
Investment Property	4	452,000				452,000	452,000
Investments	5	606,973	493,326		448,197	1,548,496	1,431,493
		~20 8973	~3493	26	~2248 1 7	5 700496	5583 493
CURRENT ASSETS
Debtors 84 prepayments		6,415				6,415	5,910
Bank Balances
Deposit accounts		121,082			23,349	144,431	74,219
Current accounts		92,311				92,311	87,120
Cash in hand		73				73	172
CURRENT LIABILITIES
Creditors and accruals	7	~18837				~18 837	~15 115
NET CURRENT ASSETS		201044			23349	224 393	152306
Initial Fund Balances		~304 348	168559		135789
NET ASSETS		~,669	8862 885		1307335	5 924 8&9	~5735 79
FUND BALANCES	11	~5669	~5i1885		~207 3M3	%924889	~5735 7 9

			Note	Genera	I	Designated	Restricted	2019	2018
				Fund		Funds	Funds	Total	Total
Income from:
Charitable activi ties:
Residents Contributions				171,040			34,798	205,838	181,241
Supporting People									912
Charitable Rents				650				650	675
Investments:
Rent				19,500				19,500	19,500
COIF Shares				5,449		3,942	11,470	20,861	20,455
Bank Interest							207	207	216
Wayleaves				316				316	301
Other				1151				1151	2 569
Total Income				~19810		3 942	4 475	~24,523	~22 59
Expenditure on:
Raising funds
Investment Property expenditure				3,344				3,344	2,299
Fundraising costs									864
Charitable activities-
Almshouse provision
- Maintenance				16,022			1,450	17,472	27,668
—Running costs				53,457				53,457	46,538
—Staff and administration		costs		63,890			16,458	80,348	82,515
—Renovation						3,620		3,620	88,062
—Charitable grants	and donations						2 200	2 200	1629
Total expenditure				136713		~20	~20 10	160441	249575
Net income/(expenditure)		before
investment gains				61,393		322	26,367	88,082	(23,706)
Net (losses)/gains	on investments			93546		76368	63910	233 824	~13129
Net income/(expenditure)				154,939		76,690	90,277	321,906	(36,835)
Transfer between	funds			(61394)		61394
Net movement in	funds			93,545		138,084	90,277	321,906	(36,835)
Fund balances bought forward				813461		3431210	1169222	5413893	5450 728
Fund balances carried forward				~907 06		3569294	1254~49	5 735799	~423 8 3
				13

. TANGIBLE ASSETS
	Freehold	Fixtures and
	property	fittings	Total
	f	f	f
Cost or valuation
At 1January 2020 and 31December 2020	3,700,000	1,734	3,701,734
Depreciation
At 1January 2020		1,734	1,734
Charged during the year
At 31December 2020		1,734	1,734
Net book value
At 31December 2020	3,700,000		3,700,000
At 31December 2019	3,700,000		3,700,000

						Market value at		Market value at 31
						1January 2020	Gains/ (losses)	December 2020
						f		f
	Charities	Official Investment			Fund
	- Income	shares				693,341	44,542	737,883
	—Accumulation		shares			738,152	72,461	810,613
						1,431,493	117,003	1,548,496
6	DEBTORS
							2020	2019
							f	f
	Rents, contributions			and deposits		receivable	3,910	3,425
	Prepayments						2,505	2,485
							6,415	5,910
7	CREDITORS
							2020	2019
	Taxes and	social	security				1,960
	Accruals	and deferred		income			16,877	15,115
							18,837	15,115

8	ALMSHOUSES MANAGEMENT	ALMSHOUSES MANAGEMENT	ALMSHOUSES MANAGEMENT	ALMSHOUSES MANAGEMENT	AND OTHER	ADMIN COSTS
							2020	2019
							f	f
	Staff costs (note 10)						66,275	63,478
	Staff expenses						331	452
	Insurances						3,812	3,844
	Telephone						1,002	1,008
	Subscriptions						515	442
	Office expenses						2,162	1,920
	Residents expenses						6,756	6,904
	Independent	Examination		fees			1,798	1,980
	Depreciation							320
							82,651	80,348
9	INDEPENDENT		EXAMINATION		REMUNERATION
							2020	2019
								f
	Fees payable	for the Independent			Examination	ofthe
	financial statements						1,798	1,980
10	STAFF COSTS AND FEOFFEES' REMUNERATION
							2020	2019
							f	f
	Salaries						63,859	61,622
	Socia I security	costs					1,014	802
	Pension costs						1,402	1,054
							66,275	63,478

(a) Summary			Balance at	Net	Transfers	Investment	Balance at
			01Jan	changesin		Gains	31Dec
			2020	resources			2020
					f
(1) General Fund			907006	55383	L555383	48 663	955 669
(2)Designated Funds
Tangible assets held for
charitable purposes			3,000,000				3,000,000
Cyclicalmaintenance
Extraordinary maintenance			337,082	(6,865)	27,691	31,634	389,542
Almshouse rebuilding			232 212	4 022	27 692	8 417	272 343
			3569294	~2843	55383	40 051	3661885
(3) Restricted Funds
Almshouse Residents			92,884	(728)		5,457	97,613
Batteley and Sutton Relief in Need			63,002	1,454		3,498	67,954
Sir John James (Medical	and	Surgical)	18,952	436		875	20,263
Guildhall Feoffm ent Educational			20,787	(1,476)		1,082	20,393
Dr Clopton's —General	Fund		156,582	455	2,535	8,279	167,851
Dr Clopton's —Endowment		Fund	83,330	2,535	(2,535}	5,299	88,629
Kytson Trust			361,833	6,004		3,799	371,636
Fennell Memorial Homes			462 129	1D867			472 996
			1259499	19547		28 289	1307335
Total Funds			3735 799	72 D87		117003	~924 889
(b) Analysis ofNet Assets			Charitable	Investment	Investments	Net Current	Total at 31
			Property	Property		Assets	Dec 2020
			f	f
(1)General Fund				452 000	606 973	I~103304	955 669
(2)Designated Funds
Tangible assets held for
charitable purposes			3,000,000				3,000,000
Cyclical maintenance
Extraordinary maintenance					353,885	35,657	389,542
Almshouse rebuilding					139441	132902	272 343
			30DO DOD		493 326	168559	3661885

(b) Analysis of Net Assets	(b) Analysis of Net Assets			Charitable	Investment	Investments	Net Current	Total at 31
				Property	Property		Assets	Dec 2020
				f	f
(3) Restricted Funds
Almshouse Residents						90,397	7,215	97,612
Batteley and Sutton	Relief in Need					57,952	10,003	67,955
SirJohn James (Medical		and	Surgical)			14,488	5,775	20,263
Guildhall Feoffment	Educational					17,920	2,473	20,393
Dr Clopton's —General		Fund				137,154	30,697	167,851
Dr Clopton's —Endowment			Fund			87,780	849	88,629
Kytson Trust				300,000		42,506	29,130	371,636
Fennell Memorial Homes				400 000			72 996	472 996
				70D DDO		448 197	159 138	1307335
Total Assets				370000D	452 DDD	1548496	224393	~59248 9