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||**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|





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||**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|





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||**Note**||**2020**|||**2019**||
|---|---|---|---|---|---|---|---|
|**Fixed assets**||||||||
|Housing properties|**4**|||828,018|||823,338|
|Less:<br>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|





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|||**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|





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|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|



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|||**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|





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||**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|



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|**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|



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||**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|





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|||**2020**|**2019**|
|---|---|---|---|
|**8.**|**Creditors: Amounts falling due within one year**|||
||Mortgages −secured|207|189|
||Non −housing loan<br>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|



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||**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|





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