| Trustees | Mrs K Hancox |
||||
|---|---|---|---|---|---|
| Reverend D Biggs |
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| Councillor S Powell |
|||||
| Reverend R Cotes |
(Appointed | 12 March | |||
| 2021) | |||||
| Charity number | 212270 | ||||
| Principal | address | Lanes End House | |||
| 15 Prince Albert | Street | ||||
| Brighton | |||||
| East Sussex | |||||
| BN1 1HY | |||||
| Accountants | M N Preece BA FCA DChA | ||||
| c/o Price & Company | |||||
| 30-32 Gildredge | Road | ||||
| Eastbourne | |||||
| East Sussex | |||||
| BN21 4SH | |||||
| Bankers | Co-Operative Bank pic |
||||
| Delf House | |||||
| Southway | |||||
| Skelmersdale | |||||
| Lancashire | |||||
| WNB 6WT | |||||
| Solicitors | Coole Bevis LLP | ||||
| Lanes End House | |||||
| 15 Prince Albert | Street | ||||
| Brighton | |||||
| East Sussex | |||||
| BN1 1HY |
| Page | ||||
|---|---|---|---|---|
| Trustees' report |
1-3 | |||
| Accountants' | report | |||
| Statement of |
comprehensive | income | ||
| Statement of |
changes | in reserves | ||
| Balance sheet | ||||
| Notes to the accounts | 8-23 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Notes | |||||
| Turnover | 102,252 | 99,291 | |||
| Operating | expenditure | (60,384) | (75,001) | ||
| Operating | surplus/ | (deficit) | 6 | 41,868 | 24,290 |
| Interest receivable | 3 | 879 | 1,090 | ||
| Movement | in fair value of investments | 10 | 31,654 | 10,928 | |
| Total comprehensive | income for the year | 74,401 | 36,308 |
| Income and | Endowment | Endowment | Total | |||
|---|---|---|---|---|---|---|
| expenditure | fund | fund general | ||||
| reserve | designated | |||||
| f | f | f | ||||
| At 1January | 2019 | 77,724 | 119,360 | 2,408,237 | 2,605,321 | |
| Total comprehensive | income for the year | 25,380 | 10,436 | 492 | 36,308 | |
| Revaluation | in year | |||||
| At 31December 2020 | 103,104 | 129,796 | 2,408,729 | 2,641,629 | ||
| Total comprehensive | income for the year | 42,747 | 20,371 | 11,283 | 74,401 | |
| Revaluation | in year | 390,000 | 390,000 | |||
| At 31December 2021 | 145,851 | 150,167 | 2,810,012 | 3,106,030 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | f | f | |||||
| Fixed assets | |||||||
| Tangible assets | 13 | 2,725,000 | 2,335,000 | ||||
| Investments | 11 | 229,741 | 198,087 | ||||
| 2,954,741 | 2,533,087 | ||||||
| Current assets | |||||||
| Debtors | 14 | 3,247 | 1,308 | ||||
| Cash at bank and | in hand | 155,164 | 114,260 | ||||
| 158,411 | 115,568 | ||||||
| Creditors: amounts | falling due within | ||||||
| one year | (7,122) | (7,026) | |||||
| Net current | assets | 151,289 | 108,542 | ||||
| Total assets | less current | liabilities | 3,106,030 | 2,641,629 | |||
| Capital funds | |||||||
| Endowment | funds | — eneral | |||||
| General endowment | funds | 107,822 | 96,539 | ||||
| Revaluati on | reserve | 2,702,190 | 2,312,190 | ||||
| 16 | 2,810,012 | 2,408,729 | |||||
| Income funds | |||||||
| Highlighted | fund | 150,167 | 129,796 | ||||
| Unrestricted | funds | 145,851 | 103,104 | ||||
| 3,106,030 | 2,641,629 |
| Unrestricted | Unrestricted | |||
|---|---|---|---|---|
| funds | funds | |||
| 2021 | 2020 | |||
| f | f | |||
| Income | from listed investments | 4 | ||
| Income | from unlisted | investments | 859 | 911 |
| Interest | receivable | 16 | 179 | |
| 879 | 1,090 |
| Social housing | lettings |
|---|---|
| Other social housing activities | |
| Other | |
| Activities other | than social housing |
| 2021 | ||||
|---|---|---|---|---|
| Note | Turnover | Cost of | Operating Operating |
|
| sales | expenditure | surplus/ | ||
| (deficit) | ||||
| f | f | f | ||
| 102,252 | (60,384) | 41,868 | ||
| 102,252 | (60,384) | 41,868 | ||
| 102,252 | (60,384) | 41,868 |
| 2020 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Note | Turnover | Cost of | Operating | Operating | |||
| sales | expenditure | surplus/ | |||||
| (deficit) | |||||||
| f | f | f | |||||
| Social housing | lettings | 99,291 | (75,001) | 24,290 | |||
| Other social housing activities | |||||||
| Other | |||||||
| 99,291 | (75,001) | 24,290 | |||||
| Activities other | than social housing | ||||||
| 99,291 | (75,001) | 24,290 |
| 2021 | 2020 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| No of | No of | ||||||||||
| properti es | properties | ||||||||||
| Social housing | |||||||||||
| General housing: |
|||||||||||
| —social rent | 12 | 12 | |||||||||
| Total owned | 12 | 12 | |||||||||
| Future planned | accommodation in development |
at the year end | |||||||||
| 6 | Operating surplus/(deficit) |
||||||||||
| 2021 | 2020 | ||||||||||
| f | f | ||||||||||
| The operating | surplus/ | (deficit) is arrived | at | after | charging/ | (crediting): | |||||
| Accountants | remuneration | for independent | examination | 3,000 | 3,000 |
| Housing | Charitable | Total | Total | |||||
|---|---|---|---|---|---|---|---|---|
| management | administration | 2021 | 2020 | |||||
| costs | costs | |||||||
| f | f | |||||||
| Management | fees | 9,077 | 9,077 | 9,651 | ||||
| Rates and water | 2,800 | 2,800 | 2,558 | |||||
| Insurance | 897 | 897 | 1,268 | |||||
| Electricity | 479 | 479 | 434 | |||||
| Gas | 5,021 | 5,021 | 3,943 | |||||
| Repairs and | maintenance | 15,717 | 15,717 | 6,419 | ||||
| Garden expenses | 4,255 | 4,255 | 7,125 | |||||
| Maintenance | and survey | r.port and inspection | ||||||
| fees | 9,094 | 9,094 | 1,705 | |||||
| Television expenses |
23 | 23 | 30 | |||||
| Exterior redecoration | works | 30,024 | ||||||
| Legal and professional | fees | 6,987 | 2,326 | 9,313 | 7,200 | |||
| National Association |
of Almhouses | subscription | 276 | 276 | 270 | |||
| Sundry expenses | 432 | 432 | 1,374 | |||||
| Independent | examination | fee | 2,095 | 905 | 3,000 | 3,000 | ||
| 57,153 | 3,231 | 60,384 | 75,001 | |||||
| 57,153 | 3,231 | 60,384 | 75,001 | |||||
| Analysis by |
fund | |||||||
| Unrestricted | funds | 57,153 | 3,231 | 60,384 | ||||
| 57,153 | 3,231 | 60,384 | ||||||
| For the year | ended 31December | 2020 | ||||||
| Unrestricted | funds | 71,696 | 3,305 | 75,001 | ||||
| 71,696 | 3,305 | 75,001 |
| 8 | Particulars ofincome and |
expenditure | from | social housing | lettings | ||||
|---|---|---|---|---|---|---|---|---|---|
| Note | Rental | 2021 | 2020 | ||||||
| income | |||||||||
| Rent and other charges receivable | 102,252 | 102,252 | 99,291 | ||||||
| Administrative expenses |
|||||||||
| Management | 18,274 | 18,274 | 17,854 | ||||||
| Routine maintenance | 29,066 | 29,066 | 15,249 | ||||||
| Other costs | 13,044 | 13,044 | 41,898 | ||||||
| Operating expenditure on |
social housing | lettings | 8 | 60,384 | 60,384 | 75,001 | |||
| Operating surplus/(deficit) |
on social housing | lettings | 41,868 | 41,868 | 24,290 | ||||
| Void losses |
| Endowment | Endowment | Total | Endowment | Endowment | Total | |||
|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||||
| designated | genera | I | designated | general | ||||
| 2021 | 2021 | 2020 | 2020 | 2020 | ||||
| f | f | |||||||
| Revaluation | of | |||||||
| investments | 20,371 | 11,283 | 31,654 | 10,436 | 492 | 10,928 |
| Unlisted | |
|---|---|
| investments | |
| Cost or valuation | |
| At 1January 2021 | 198,087 |
| Valuation changes |
31,654 |
| At 31December 2021 | 229,741 |
| Carrying amount | |
| At 31December 2021 | 229,741 |
| At 31December 2020 | 198,087 |
| 13 | Tangible fixed assets | ||
|---|---|---|---|
| Social housing | properties | ||
| for letting | |||
| f | |||
| Cost or valuation | |||
| At 1January 2021 | 2,335,000 | ||
| Revaluation | 390,000 | ||
| At 31December 2021 | 2,725,000 | ||
| Carrying amount | |||
| At 31December 2021 | 2,725,000 | ||
| At 31December 2020 | 2,335,000 |
| Debtors | |||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Amounts | falling due within | one year: | f | f | |
| Rent and | service charges receivable | 1,051 | 654 | ||
| Prepayments | and accrued | income | 2,196 | 654 | |
| 3,247 | 1,308 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| f | f | |||
| Rent and service charges received | in advance | 1,241 | 798 | |
| Accruals and deferred | income | 5,881 | 6,228 | |
| 7,122 | 7,026 |
| Movement | in funds | ||||||
|---|---|---|---|---|---|---|---|
| Balance at | Incoming | Resources | Transfers | Revaluation | Balance at | ||
| 1January | resources | expended | gains/ 31December | ||||
| 2021 | (losses) | 2021 | |||||
| Expendable | endowments | ||||||
| Fund Capital | Account | 2,408,729 | 401,283 | 2,810,012 | |||
| 2,408,729 | 401,283 | 2,810,012 |
| Balance at | Investments | Balance at | ||||
|---|---|---|---|---|---|---|
| 1January | gains/ 31December | |||||
| 2021 | (losses) | 2021 | ||||
| Extraordinary | Repair and Improvement | Fund | 117,236 | 20,371 | 137,607 | |
| Cyclical Repairs and Maintenance | Fund | 12,560 | 12,560 | |||
| 129,796 | 20,371 | 150,167 |
| Analysis | of | net assets | between funds |
||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Designated | Endowment | Total | Unrestricted | Designated | Endowment | Total | ||||
| funds | funds | funds | funds | funds | funds | ||||||
| 2021 | 2021 | 2021 | 2021 | 2020 | 2020 | 2020 | 2020 | ||||
| f | f | f | f | f | E | ||||||
| Fund balances at 31 | December 2021 are | ||||||||||
| represented | by: | ||||||||||
| Tangible | assets | 2,725,000 | 2,725,000 | 2,335,000 | 2,335,000 | ||||||
| Investments | 144,729 | 85,012 | 229,741 | 124,358 | 73,729 | 198,087 | |||||
| Current | assets/(liabiliti | esi | 145,851 | 5,438 | 151,289 | 103,104 | 5,438 | 108,542 | |||
| 145,851 | 150,167 | 2,810,012 | 3,106,030 | 103,104 | 129,796 | 2,408,729 | 2,641,629 |