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|||Page|
|---|---|---|
|Trustees'
annual
report|||
|Independent
auditor's|report to the trustees||
|Statement offinancial|activities|10|
|Balance sheet|||
|Statement of cash flows||12|
|Notes to the financial|statements|13|
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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||||
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|||||||||2021||2020|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||Unrestricted|Restricted|||
||||||||funds|funds|Total funds|Total funds|
|||||||Note|R|R|R||
|Income and endowments|||||||||||
|Charitable
activities||||||4|382,395||382,395|368,749|
|Investment|income|||||5|450||450|304|
|Total income|||||||382,845||382,845|369,053|
|Expenditure|||||||||||
|Expenditure|on charitable|||activities||6|(178,142)||(178,142)|(210,098)|
|Total expenditure|||||||(178,142)||(178,142)|(210,088)|
|Net income|and net||movement||in funds||204,703||204,703|158,955|
|Reconciliation
offunds|||||||||||
|Total funds|brought|forward|||||6,683,350|480,000|7,163,350|7,004,395|
|Total funds|carried||forward||||6,888,053|480,000|7,368,053|7,163,350|
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|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|
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|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|
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|Charitable
ac|tivities|||||
|---|---|---|---|---|---|
|||Unrestricted|Total Funds|Unrestricted|Total Funds|
|||Funds|2021|Funds|2020|
||||R||P|
|Rent received||383,997|383,997|366,260|366,260|
|Contributions|lost from voids|(19,696)|(19,696)|(14,982)|(14,982)|
|Service charge received||18,094|18,094|17,471|17,471|
|||382,395|382,395|368,749|368,749|
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|Investment|income|||||||
|---|---|---|---|---|---|---|---|
|||Unrestricted|Total|Funds|Unrestricted|Total|Funds|
|||Funds||2021|Funds||2020|
|||f.||R|F|||
|Investment|income|450||450|304||304|
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|||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|
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|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|
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|||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|
|||||||||R|F|
|Fees|payable|for|the|audit|ofthe|financial|statements|5,670|5,400|
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|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|
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|Tangible fixed assets||||
|---|---|---|---|
|||Long Dairy||
||Almshouses|Site|Total|
|Cost or valuation||||
|At 6 April 2020|4,583,515|2,839,351|7,422,866|
|Additions|42,067|10,740|52,807|
|At 5April 2021|4,625,582|2,850,091|7,475,673|
|Depreciation||||
|At 6April 2020 and 5April 2021||||
|Carrying
amount
At 5April 2021|4,625,582|2,850,091|7,475,673|
|At 5April 2020|4,583,515|2,839,351|7,422,866|
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|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.||
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|14.|Debtors|||||||
|---|---|---|---|---|---|---|---|
|||||||2021|2020
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||Prepayments||and accrued income|||1,084|1,057|
||Other debtors|||||4,866|5,667|
|||||||5,950|6,724|
|15.|Creditors: Amounts|||falling|due within one year|||
|||||||2021|2020|
||||||||P|
||Trade creditors|||||2,846|23,463|
||Accruals|and|deferred|income||9,064|13,402|
||Amounts|owed to connected|||charity|20,000|20,000|
|||||||31,910|56,865|
|16.|Creditors: Amounts|||falling|due after more than one year|||
|||||||2021|2020|
||Amount|owed|to connected||charity|350,747|376,082|
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||||||||At|
|---|---|---|---|---|---|---|---|
|||At|6 April 2020|Income|Expenditure|Transfers|5April 2021|
||||F|F|F|F|F|
|General funds|||3,193,350|382,845|(178,142)|(33,856)|3,364,197|
|Designated|Fund||32,232|||33,856|66,088|
|Revaluation|reserve||3,457,768||||3,457,768|
||||6,683,350|382,845|(178,142)||6,888,053|
|||At|6 April 2019|Income|Expenditure|Transfers At|5 April 2020|
||||||F|||
|General funds|||3,066,627|369,053|(210,098)|(32,232)|3,193,350|
|Designated|Fund|||||32,232|32,232|
|Revaluation|reserve||3,457,768||||3,457,768|
||||6,524,395|369,053|(210,088)||6,683,350|
|Restricted|funds|||||||
||||||||At|
|||At|6 April 2020
F|Income|Expenditure|Transfers
F|5April 2021
f|
|Restricted|funds||480,000||||480,000|
|||At|6 April 2019|Income|Expenditure|Transfers At|5 April 2020|
||||F|F|F|F|F|
|Restricted|funds||480,000||||480,000|
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|||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|
|||Funds
F|Fundsf|2021f|
|Tangible fixed assets||6,995,673|480,000|7,475,673|
|Investments||66,088||66,088|
|Current assets||177,039||177,039|
|Creditors greater than|1 year|(350,747)||(350,747)|
|Net assets||6,888,053|480,000|7,368,053|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2020|
|Tangible fixed assets||6,942,866|480,000|7,422,866|
|Investments||32,232||32,232|
|Current assets||88,693||88,693|
|Creditors greater than|1 year|(376,082)||(376,082)|
|Net assets||6,687,709|480,000|7,167,709|
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|||||||||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|
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