2020-12-31-accounts

	Page
Trustees' Report	1−3
Independent Examiner's Report	4
Statement o f Financial Activities	5
Balance Sheet	6
Statement o f Cash Flows	7
Notes to the Financial Statements	8−14

	Unrestricted	Unrestricted	Restricted	Total Funds	Total Funds
	Note	Funds	Funds	2020	2019
Income
Earned from charitable activities	2	107,580		107,580	105,620
Investment income:
Official custodian for Charinco shares		394		394	497
Other bank interest received		14		14	52
Total income		107,988		107,988	106,169
Expenditure
Costs o f raising funds
Expenditure on charitable activities	3	106,107		106,107	109,199
Total expenditure		106,107		106,107	109,199
Net income/(expenditure)		1,881		1,881	,(3,030)
Transfers
Transfers between funds
Net income/(expenditure) before
gains and losses on investments		1,881		1,881	(3,030)
Net gain s/(losses) on investments		35,932		35,932	64,271
Net movement in funds		37,813		37,813	61,241
Reconciliation of funds
Balances brought forward at 1 January 2020	10	551,927		551,927	490,686
Balances carried forward at 31 December 2020	10	589,740		589,740	551,927

	Note		2020			2019
Fixed assets
Housing properties	4			828,018			823,338
Less: Social housing grant	4			(663,256)			(663,256)
Accumulated depreciation	4			(53,919)			(49,168)
Tangible assets	4			101,316			103,603
				212,159			214,517
Current assets
Debtors	5	2,152			1,725
Investments	6	410,579			371,647
Cash at bank and in hand	7	12,540			14,280
				425,271			387,652
Creditors:
amounts falling due within one year	8			(13,569)			(13,414)
Net current assets				411,702			374,238
Total assets less current liabilities				623,861			588,755
Creditors:
amounts fallingdue aftermore than	9			(34,121)			(36,828)
one year
Net assets				589,740			551,927
Funds	10
Designated reserves
Routine maintenance				84,290			78,211
Cyclical maintenance				95,100			87,223
Extraordinary maintenance fund				33,355			33,355
Other reserves
Investment revaluation reserve				365,651			329,719
Income and expenditure account				11,344			23,419
				589,740			551,927

		2020	2019
	Note	£
Net cash generated from operating activities	7	8,221•	7,771
Cash flow from investing activities
Interest and dividends		408	549
Proceeds from sale o f investments
Purchase o f investments		(3,000)	(3,000)
Purchase o f fixed assets		(4,680)	(19,596)
Repayment o f borrowings		(2,689)	(2,672)
Net change in cash and cash equivalents		(1,740)	(16,948)
Cash and cash equivalents at 1 January		14,280	31,228
Cash a n d cash equivalents at 31 December		12,540	14,280

Housing properties	Structure	100 years
	Roofs	70 years
	Windows and external doors	30 years
	Kitchens	30 years
	Bathrooms	35 years
	Electrics	40 years
	Gas boilers	30 years
	Communal fixtures	10 years
	Central heating	30 years
Communal meeting room	Structure	100 years
	Windows and external doors	30 years
	Gas boiler	30 years
	Kitchen	30 years
Landscaping and car parks		10 years
Sheds and allotments		20 years
Warden control system		10 years

		Unrestricted	Restricted	Total	Total
		Funds	Funds	2020	2019
Rental	income	107,580		107,580	105,620
		107,580		107,580	105,620

	Unrestricted	Restricted	Total	Total
	Funds	Funds	2020	2019
	£	U	£	£
Wardens salary	24,375		24,375	22,554
Telephone (warden)	780		780	780
Warden control (intercom)	2,300		2,300	4,469
Electricity	1,865	−	1,865	2,635
Gardening	3,875		3,875	5,704
Water rates	9,110		9,110	8,494
Window cleaner	88		88	121
		−
Communal TV license	90		90	83
		−
Mortgage interest	3,113		3,113	3,130
Routine maintenance	10,567	−	10,567	13,165
Cyclical maintenance	16,222		16,222	15,318
Depreciation	7,038		7,038	6,934
Support costs
Surveyors report	3,731	−	3,731	2,122
Insurances	2,570	−	2,570	2,509
Subscriptions	703	−	703	768
Sundry expenses	295	−	295	1,072
Fees −clerk	17,556		17,556	17,556
Loan arrangement fees	125	−	125	125
Accountancy fees	1,704		1,704	1,660
	106,107		106,107	109,199

	Landscaping			**Warden **	Communal
	& Car	Sheds &	Housing	Control	Meeting
	Parks	**Allotments **	Properties	System	Room	Total
Cost
1st January 2020	20,354	1,153	823,338	8,987	95,373	949,205
Additions			4,680	−		4,680
31st December 2020	20,354	1,153	828,018	8,987	95,373	953,885
Social Housing Grant
1st January 2020			(663,256)			(663,256)
Additions
31st December 2020			(663,256)			(663,256)
Depreciation
1st January 2020	7,016	1,153	49,168	5,394	8,701	71,432
Additions	145		4,751	899	1,243	7,038
31st December 2Q20	7,161	1,153	53,919	6,293	9,944	78,470
Net book amount
31st December 2020	13,193		110,843	2,694	85,429	212,159
1st January2020	13,338		110,914	3,593	86,672	214,517
Debtors					2020	2019
Rent debtors					850	458
Prepayments and accrued	income				1,302	1,267
					2,152	1,725

6.	Investments
		2020	2019
	Cost or valuation
	Market value at 1 January 2020	371,647	304,376
	Additions at cost	3,000	3,000
	Carrying value o f disposals
	Net unrealised (loss)/gain on revaluation of investments	35,932	64,271
	Market value at 31 December 2020	410,579	371,647

	2020	2019
Net movement in funds	37,813	61,241
Investment income	(408)	(549)
Add back depreciation charge	7,038	6,934
Losses/(gains) on investments	(35,932)	(64,271)
Decrease/(increase) in debtors	(427)	6,207
Increase/(decrease) in creditors	137	(1,791)
Net cash used in operating activities	8,221	7,771
Analysis of Cash and Cash Equivalents
Royal Bank o f Scotland current account	542	521
Royal Bank o f Scotland high interest account	11,099	12,862
CCLA −Charities deposit fund	899	897
	12,540	14,280

		2020	2019
8.	Creditors: Amounts falling due within one year
	Mortgages −secured	207	189
	Non −housing loan S	2,500	2,500
	Rent received in advance	3,757	4,010
	Accruals and sundry creditors	7,105	6,715
		13,569	13,414
		2020	2019
9.	Creditors: Amounts falling due after one year
	Non −housing loan	2,500	5,000
	Mortgages −secured	31,621	31,828
		34,121	36,828
	Maturity o f debt included above
	Between one and two years	2,728	2,707
	Between two and five years	831	3,255
	In five years or more	30,562	30,866
		34,121	36,828

	Balance	S	S	Gains/	Balance
	B/F	Incoming	Outgoing	Losses	C/F
a) Routine maintenance fund	78,211	16,646	(10,567)		84,290
b) Cyclical maintenance fund	87,223	24,099	(16,222)		95,100
c) Extraordinary maintenance fund	33,355	−	−		33,355
d) Investment revaluation reserve	329,719			35,932	365,651
e) Income and expenditure account	23,419	67,243	(79,318)		11,344
Total capital and reserves	551,927	107,988	(106,107)	35,932	589,740