2021-12-31-accounts - Sandbach Almshouse Charity

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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

	Unrestricted	Unrestricted	Restricted	Total Funds	Total Funds
	Note	Funds	Funds	2021	2020
Income
Earned from charitable activities	2	109,265		109,265	107,580
Investment income:
Official custodian for Charinco shares		373		373	394
Donations		100		100
Other bank interest received		2		2	14
Total income		109,740		109,740	107,988
Expenditure
Costs o f raising funds
Expenditure on charitable activities	3	112,145		112,145	106,107
Total expenditure		112,145		112,145	106,107
Net income/(expenditure)		(2,405)		(2,405)	1,881
Transfers
Transfers between funds
Net income/(expenditure) before
gains and losses on investments		(2,405)		(2,405)	1,881
Net gains/(losses) on investments		69,235		69,235	35,932
Net movement in funds		66,830		66,830	37,813
Reconciliation o f funds
Balances brought forward at 1 January 2021	10	589,740		589,740	551,927
Balances carried forward at 31 December 2021	10	656,570		656,570	589,740

	Note
Fixed assets
Housing properties	4		828,018		828,018
Less: Social housing grant	4		(663,256)		(663,256)
Accumulated depreciation	4		(58,497)		(53,919)
Tangible assets	4		99,029		101,316
			205,294		212,159
Current assets
Debtors	5	2,090		2,152
Investments	6	482,814		410,579
Cash at bank and in hand	7	13,410		12,540
			498,314		425,271
Creditors:
amounts falling due within one year	8		(15,645)		(13,569)
Net current assets			482,669		411,702
Total assets less current liabilities			687,963		623,861
Creditors:
amounts falling due after more than	9		(31,393)		(34,121)
one year
Net assets			656,570		589,740
Funds	10
Designated reserves
Routine maintenance			91,399		84,290
Cyclical maintenance			100,016		95,100
Extraordinary maintenance fund			33,355		33,355
Other reserves
Investment revaluation reserve			434,886		365,651
Income and expenditure account			(3,086)		11,344
			656,570		589,740

		2021	2020
	Note
Net cash generated from operating activities	7	6,102	8,221
Cash flow from investing activities
Interest and dividends		475	408
Proceeds from sale o f investments
Purchase of investments		(3,000)	(3,000)
Purchase o f fixed assets			(4,680)
Repayment o f borrowings		(2,707)	(2,689)
Net change in cash and cash equivalents		870	(1,740)
Cash and cash equivalents at 1 January		12,540	14,280
Cash and cash equivalents at 31 December		13,410	12,540

		Unrestricted	Restricted	Total	Total
		Funds	Funds	2021	2020
		£	£	£	£
Rental	income	109,265		109,265	107,580
		109,265		109,265	107,580

	Unrestricted	Restricted	Total	Total
	Funds	Funds	2021	2020
	£	£	£	£
Wardens salary	24,724		24,724	24,375
Telephone (warden)	850		850	780
Warden control (intercom)	2,291		2,291	2,300
Electricity	2,723		2,723	1,865
Gardening	6,375		6,375	3,875
Water rates	8,125		8,125	9,110
Window cleaner	104		104	88
Communal TV license	90		90	90
Mortgage interest	3,093		3,093	3,113
Routine maintenance	10,204		10,204	10,567
Cyclical maintenance	20,169		20,169	16,222
Depreciation	6,865	−	6,865	7,038
Support costs
Surveyors reports etc.	2,130		2,130	3,731
Insurances	2,643	−	2,643	2,570
Subscriptions	902		902	703
Sundry expenses	908	−	908	295
Fees−clerk	18,120		18,120	17,556
Loan arrangement fees	125	−	125	125
Accountancy fees	1,704	−	1,704	1,704
	112,145		112,145	106,107

	Landscaping	Landscaping		Warden	Communal
	& Car	Sheds &	Housing	Control	Meeting
	Parks	Allotments	Properties	System	Room	Total
Cost
1st January 2021	20,354	1,153	.828,018	8,987	95,373	953,885
Additions
31st December 2021	20,354	1,153	828,018	8,987	95,373	953,885
Social Housing Grant
1st January 2021			(663,256)			(663,256)
Additions
31st December 2021			(663,256)			(663,256)
Depreciation
1stJanuary 2021	7,161	1,153	53,919	6,293	9,944	78,470
Additions	145		4,578	899	1,243	6,865
31st December 2021	7,306	1,153	58,497	7,192	11,187	85,335
Net book amount
31st December 2021	13,048		106,265	1,795	84,186	205,294
1st January 2021	13,193		110,843	2,694	85,429	212,159

Debtors	2021	2020
Rent debtors	749	850
Prepayments and accrued income	1,341	1,302
	2,090	2,152

Investments
	2021	2020
Cost or valuation
Market value at 1 January 2021	410,579	371,647
Additions at cost	3,000	3,000
Carrying value o f disposals
Net unrealised (loss)/gain on revaluation o f investments	69,235	35,932
Market value at 31 December 2021	482,814	410,579

	2021	2020
Net movement in funds	66,830	37,813
Investment income	(475)	(408)
Add back depreciation charge	6,865	7,038
Losses/(gains) on investments	(69,235)	(35,932)
Decrease/(increase) in debtors	62	(427)
Increase/(decrease) in creditors	2,055	137
Net cash used in operating activities	6,102	8,221
Analysis of Cash and Cash Equivalents
Royal Bank o f Scotland current account	543	521
Royal Bank o f Scotland high interest account	11,967	11,099
CCLA −Charities deposit fund	900	899
	13,410	12,519

Notes to the Accounts for the year ended 31 December 2021	Notes to the Accounts for the year ended 31 December 2021
		2021	2020
8.	Creditors: Amounts falling due within one year
	Mortgages −secured	228	207
	Non −housing loan	2,500	2,500
	Rent received in advance	4,204	3,757
	Accruals and sundry creditors	8,713	7,105
		15,645	13,569
		2021	2020
9.	Creditors: Amounts falling due after one year
	Non −housing loan		2,500
	Mortgages −secured	31,393	31,621
		31,393	34,121
	Maturity o f debt included above
	Between one and two years	251	2,728
	Between two and five years	914	831
	In five years or more	30,228	30,562
		31,393	34,121

	Balance			Gains/	Balance
	B/F	Incoming	Outgoing	Losses	C/F
	£	£	£	£	£
a) Routine maintenance fund	84,290	17,313	(10,204)		91,399
b) Cyclical maintenance fund	95,100	25,085	(20,169)		100,016
c) Extraordinary maintenance fund	33,355	−		−	33,355
d) Investment revaluation reserve	365,651			69,235	434,886
e) Income and expenditure account	11,344	67,342	(81,772)	−	(3,086)
Total capital and reserves	589,740	109,740	(112,145)	69,235	656,570