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|Trustees||Mrs<br>K Hancox||||
|---|---|---|---|---|---|
|||Reverend<br>D Biggs||||
|||Councillor<br>S Powell||||
|||Reverend<br>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<br>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||||





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|||||Page|
|---|---|---|---|---|
|Trustees'<br>report||||1-3|
|Accountants'|report||||
|Statement<br>of|comprehensive||income||
|Statement<br>of|changes|in reserves|||
|Balance sheet|||||
|Notes to the accounts||||8-23|





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|||||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|





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||||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|





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|||||||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|





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||||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|





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|Social housing|lettings|
|---|---|
|Other social housing activities||
|Other||
|Activities other|than social housing|



||||2021||
|---|---|---|---|---|
|Note|Turnover|Cost of|Operating<br>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|





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||||||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|





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|||||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||No of|No of|
|||||||||||properti es|properties|
||Social housing|||||||||||
||General<br>housing:|||||||||||
||—social rent|||||||||12|12|
||Total owned|||||||||12|12|
||Future planned||accommodation<br>in development|||||at the year end||||
|6|Operating<br>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|





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||||||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<br>expenses|||||23||23|30|
|Exterior redecoration||works||||||30,024|
|Legal and professional||fees|||6,987|2,326|9,313|7,200|
|National<br>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<br>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|





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|8|Particulars<br>ofincome and|expenditure|from|social housing|lettings|||||
|---|---|---|---|---|---|---|---|---|---|
|||||||Note|Rental|2021|2020|
||||||||income|||
||Rent and other charges receivable||||||102,252|102,252|99,291|
||Administrative<br>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<br>expenditure<br>on|social housing|lettings|||8|60,384|60,384|75,001|
||Operating<br>surplus/(deficit)|on social housing||lettings|||41,868|41,868|24,290|
||Void losses|||||||||





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|||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<br>changes|31,654|
|At 31December 2021|229,741|
|Carrying amount||
|At 31December 2021|229,741|
|At 31December 2020|198,087|



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|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|





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|||||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|





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|Analysis|of|net assets|between<br>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|





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