2020-12-31-accounts - Waltham Abbey Non-Educational Parochial Charities

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		Page
Report ofthe Trustees
Independent Examiner's	Report
Statement ofFinancial	Activities
Balance Sheet
Statement ofCash Flows
Notes to the Financial Statements		8-15

		Note
			Unrestricted General Designated		Restricted	Total 2020	Total 2019
INCOME &ENDOWMENTS	FROM
Charitable activities Investment income			98,622 3,194			98,622 3,194	96,152 3,175
TOTAL INCOME			101,816			101,816	99,327
EXPENDITURE ON:
Charitable activities		5,6	115,771			115,771	91,159
TOTAL EXPENDITURE			115,771			115,771	91,159
Net (losses)/gains on investments					(3,221)	(3,221)	10,691
NET (EXPENDITURE)i INCOME BEFORE TRA.NSFERS			(13,955)		(3,221)	(17,176)	18,859
Transfers Between Funds		14	9,187		(9,187)
NET (EXPENDITURE) I INCOME AFTER
TRANSFERS BETWEEN FUNDS			(4,768)		(12,408)	(17,176)	18,859
RECONCILIATION OF FUNDS:
FUNDS BROUGHT FORWARD			93,838	114,380	466,957	675,175	656,316
FUNDS CARRIED FORWARD			89,070	114,380	454,549	657,999	675,175

BALANCE SHEET for the Year Ended 31	December 2020
			2020		2019
		Notes
FIXEDASSETS
Housing and other property Investments		10 8		483,120 95,346		507,449 96331
				578,466		603,780
CURRENT ASSETS:
Debtors and prepayments Cash at bank and in hand		11 12	4,139 89,296		1,906 78,810
			93,435		80,716
CREDITORS: Amounts	falling
due within one year		13	(13,902)		9321
NET CURRENT ASSETS:				79533		71395
TOTAL ASSETSLESSLIABILITIES:				657,999		675,175
RESERVES:		14
Unrestricted:-
Income and expenditure	account (General	fund)		89,070		93,838
Designated reserves				114,380		114,380
Restricted:-
Endowment fund				205,993		205,993
Social Housing Grant fund Revaluation reserve				220,487 28,069		229,674 31,290
				657,999		675,175

				2020	2019
Net (expenditure)/income	for the reporting		period (as per the statement
offinancial activities)				(17,176)	18,859
Adjustments for:
Depreciation charges				26,827	26,740
Interest received				(54)	(1 II)
Dividends received				(3,140)	(3,064)
(Gains)/losses on investments				3,221	(10,691)
(Increase)/decrease/ in debtors				(2,233)	858
Increase/(decrease) in creditors				4,581	(5,937)
Net Cash provided/(used	in) by operation		activities	12,026	26,654
STATEMENT OF CASH	FLOWS
				2020	2019
Cash flows from operating	activities:
Cash generated from operations (See above)				12,026	26,654
Cash flows from investing	activities:
Interest received				54	111
Dividends received				3,140	3,064
Dividends reinvested Purchase oftangible fixed	assets			(2,236) (2,498)	(2,206)
Net cash provided by investing
activities				(1,540)	969
Change in cash and cash equivalents		in the
Reporting period				10,486	27,623
Cash and cash equivalents	at the beginning		of
the reporting period				78,810	51,187
Cash and cash equivalents	at the end	ofthe
reporting period				89,296	78,810

Freehold Property	20 years
Building	50years
Warden Call system	20years
Mains water conversion Kitchens 4 Bathrooms	20 years 20 years
Communal lounge furniture	10years
Fire Alarm system	20 years
Communal areas radiators	20 years
Electric heating (all flats)	20 years
Kitchen Flat	20 years

	Unrestricted General Designated	Unrestricted General Designated	Restricted	Total 2019
INCOME &ENDOWMENTS FROM:
Investment income	3,175			3,175
Charitable activities	96,152			96,152
TOTAL INCOME	99,327			99,327
EXPENDITURE ON:
Charitable activities	91,159			91,159
TOTAL EXPENDITURE	91,159			91,159
Net gains on investment assets			10,691	10,691
NET INCOME / (EXPENDITURE) BEFORE TRANSFERS	8,168		10,691	18,859
Transfers Between Funds	(28,848)	38,035	(9,187)
NET INCOME / (EXPENDITURE) AFTER
TRANSFERS BETWEEN FUNDS	(20,680)	38,035	1,504	18,859
NET MOVEMENT IN FUNDS	(20,680)	38,035	1,504	18,859
RECONCILIATION OF FUNDS:
FUNDS BROUGHT FORWARD	114,518	76,345	465,453	656,316
FUNDS CARRIED FORWARD	93,838	114,380	466,957	675,175

			2020	2019
	Gross amounts	receivable	100,787	96,152
	Less voids		(2,165)
			98,622	96,152
4.	INTEREST RECEIVABLE AND SIMILAR INCOME
			2020	2019
	Dividends		3,140	3,064
	Interest received		54	111
			3,194	3,175

			2020	2019
Depreciation	- owned assets		26,827	26,740
Independent	Examiner's	fee	3,000	3,000

IXEDASSETINVESTMENTS
					2020			2019
					Market		Market
					Value	Cost	Value	Cost
The investments comprise the following:
1,244 COIF Income Shares COIF Deposit Fund					22,406 11,119	5,737 11,119	21,059 11,090	5,737 11,090
M&G Charity Multi Asset Income		Fund			6,867	2,843	7,421	2,843
M&G Charity Multi Asset Accumulation			Fund		54,954	13,320	56,761	11,113
Balance at 31 December					95,346	33019	96331	30783
							2020	2019
Market Value:
I January 2020 Accumulated Income reinvested							96,331 2,236	83,434 2,206
Unrealised (loss)/gain on investments							(3,221)	10,691
31 December 2020							95,346	96,331
The original cost ofinvestments	cannot be ascertained,			so	they have been	stated at	their values on I April 1988.
Additional investments since that	date are		valued at cost.
INVESTMENT REVALUATION		RESERVE					2020	2019
Balance brought forward							31,290	20,599
Movement in market value ofinvestments							(3,221)	10,691
Balance carried forward							28,069	31,290

10.	TANGIBLE FIXEDASSETS
		Freehold
		Housing	New Build	Plant &
		Property	Property	Machinere	Total
	COST OR VALUATION:
	At 1 January 2020	807,882	40,487	149,940	998,309
	Additions			2,498	2,498
	At 31 December 2020	807,882	40,487	152,438	1,000,807
	DEPRECIATION:
	At 1 January 2020	424,001	34,698	32,161	490,860
	Charge for year	16,156	2,024	8,647	26,827
	At 31 December 2020	440,157	36,722	40,808	517,687
	NET BOOK VALUE:
	At 31 December 2020	367,725	3,765	111,630	483,120
	At 31 December 2019	383,881	5,789	117,779	907449
11.	DEBTORS:AMOUNTS FALLING
	DUE WITHIN ONE YEAR
				2020	2019
	Weekly maintenance contributions			2,723	409
	Prepayments			1,416	1,497
				4,139	1,906
12.	CASH AT BANK AND IN HAND
				2020	2019
	HSBC Current Account and Cash in Hand			15,006	54,545
	Bank Deposit			74,290	24,265
				89,296	78,810

DUE WITHIN ON	E YEAR
		2020	2019
Weekly maintenance Trade creditors	contributions	3,632 4,990	1,205 3,934
Accruals		5,280	4,182
		13,902	9,321