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|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|
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|||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|
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|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|
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||||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||||||
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|.
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|
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|||||||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|
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|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|
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|(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|
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|(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|
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