2021-04-05-accounts - The Lowestoft Church And Town Almshouse Charity

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Reference and administrative	Reference and administrative	Reference and administrative	Reference and administrative	details
Registered	charity		name	Lowestoft Church and Town Almshouse			Charity
Charity registration			number	211424
Principal office				148 London Road North
The trustees
The trustees	who served during			the year and at the date of approval	were as		follows:
				Mr R Stebbings - (Chairman)
				Mrs J Collins - (Vice Chairman)
				Miss G P Buckley - Co-optative
				Mrs P Shaw - Ex Officio
				Mrs M Eccles - Co-Optative
				Rev M Asquith -Ex Officio
				Mrs J Hardie - Nominative
				Mr P Knight - Nominative
				Mr A Sparkes - Ex Officio
				Mrs C Leech - Nominative
				Mrs G Battrick - Nominative
Clerk				Mr M Breeze
				Norton Peskett Solicitors
				18Church Plain
				Great Yarmouth
				Norfolk
Social landlord		ref		A1160
Auditor				Lovewell Blake LLP
				Chartered accountants &statutory		auditor
				Excelsior House
				9Quay View Business Park
				Barnards Way
				Lowestoft
				NR32 2HD
Bankers				Barclays Bank Pic
				61 London Road North
				Lowestoft
				Suffolk
				NR32 1LT

Balance sheet 5April 2021
				2021		2020
			Note
Fixed assets
Tangible fixed assets			12		7,475,673		7,422,866
Investments			13		66,088		32,232
					7,541,761		7,455,098
Current assets
Debtors			14	5,950		6,724
Cash at bank and in	hand			202,999		134,475
				208,949		141,199
Creditors: Amounts	falling due within
one year			15	(31,910)		(56,865)
Net current assets					177,039		84,334
Total assets less current liabilities					7,718,800		7,539,432
Creditors: Amounts	falling due after
more than one year			16		(350,747)		(376,082)
Net assets					7,368,053		7,163,350
Funds ofthe charity
Restricted funds					480,000		480,000
Unrestricted funds:
Revaluation reserve				3,457,768		3,457,768
Other unrestricted		income funds		3,430,285		3,225,582
Total unrestricted funds				6,888,053		6,683,350
Total charity funds			18		7,368,053		7,163,350

Year ended	5April 2		021
					2021	2020
Cash flows from operating			activities
Net income					204,703	158,955
Adjustments for:
Other interest receivable and similar income					(450)	(304)
Interest payable	and similar		charges		18,621	17,715
Accrued income					(4,338)	(11,066)
Changesin:
Trade and other	debtors				774	1,371
Trade and other	creditors				(20,617)	11,437
Cash generated	from operations				198,693	178,108
Interest paid					(18,621)	(17,715)
Interest received					450	304
Net cash from operating activities					180,522	160,697
Cash flows from investing			activities
Purchase oftangible assets					(52,807)	(75,845)
Purchases ofother investments					(33,856)	(32,232)
Net cash used in	investing	activities			(86,663)	(108,077)
Cash flows from financing			activities
Repayment of related charity loan					(25,335)	(16,743)
Net cash used in	financing		activities		(25,335)	(16,743)
Net increase in	cash and	cash equivalents			68,524	35,877
Cash and cash	equivalents		at beginning	ofyear	134,475	98,598
Cash and cash	equivalents		at end ofyear		202,999	134,475

		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2021	Funds	2020
		F	R
Salaries		27,807	27,807	33,629	33,629
Pension	contributions	4,766	4,766	5,004	5,004
Council	tax	3,037	3,037	4,932	4,932
Window	cleaning	5,364	5,364	5,364	5,364
Repairs	&maintenance	52,665	52,665	63,037	63,037
Water rates		2,636	2,636	11,463	11,463
Insurance		4,308	4,308	4,226	4,226
Light &	heat	27,325	27,325	27,483	27,483
Telephone		3,202	3,202	2,744	2,744
Warden	call	647	647	633	633
Support	costs	46,385	46,385	51,583	51,583
		178,142	178,142	210,098	210,098

Supportcosts
		Charitable
		activities	Total 2021	Total 2020
		F
Interest payable		7,922	7,922	8,257
General expenses		10,699	10,699	9,458
Management and professional	fees	11,896	11,896	10,498
Architects fees		15,868	15,868	23,370
		46,385	46,385	51,583

								2021	2020
								R	F
Fees	payable	for	the	audit	ofthe	financial	statements	5,670	5,400

Staffcosts
The total staff costs and	employee	benefits for the reporting	period are analysed as follows:
			2021	2020
				F
Wages and salaries			27,807	33,629
Employer contributions	to pension	plans	4,766	5,004
			32,573	38,633

time equivalent employees during the year i	s analysed as follows:
	2021	2020
	No.	No.
Wardens	2	2
Cleaner		1
		3

Investments
		Other
		investments
		R
Cost or valuation
At 6 April 2020		32,232
Additions		33,856
At 5April 2021		66,088
Impairment
At 6April 2020	and 5April 2021
Carrying amount
At 5April 2021		66,088
At 5April 2020		32,232
AII investments	shown above are held at valuation.

								2021	2020
	Financial	assets that are debt instruments		measured		at amortised cost
	Financial	assets that are debt instruments	measured		at	amortised	cost	4,866	12,702
	Financial	liabilities measured at amortised		cost
	Financial	liabilities measured at amortised	cost					382,657	435,623
21.	Analysis	ofchanges in net debt
						At 6Apr	2020	Cash flows	At 5Apr 2021
									R
	Cash at bank and in hand					134,475		68,524	202,999