##
|Contents|||Page|
|---|---|---|---|
|Charity
Information|||1-2|
|Trustees'
Report||||
|Auditor's
Report||||
|Statement
of Comprehensive||Income|12|
|Balance Sheet|||13|
|Statement ofChanges|in Reserves||14|
|Notes to the Financial|Statements||15-25|
|Charity registration|number|213407||||
|---|---|---|---|---|---|
|Trustees||Co-optative Trustees||||
|||KFWilliams - Chair of||Trustees||
|||D Undy —Deputy|Chair|ofTrustees||
|||M Sage||||
|||SHiggins||||
|||J Benson||||
|||Representative|Trustees|||
|||SGarner||||
|||Cllr BAnswer||||
|||Cllr
I Sheppard||||
|||Cllr BLohan||||
|Place ofbusiness||Brunts Chambers||||
|||2 Toothill Lane||||
|||Mansfield||||
|||Nottinghamshire||||
|||NG18 1NJ||||
|Auditor||Barnett &Turner|Accountants||Ltd|
|||Chartered
Accountants||and||
|||Statutory Auditors||||
|||Cromwell
House||||
|||68West Gate||||
|||Mansfield||||
|||Nottinghamshire||||
|||NG18 1RR||||
|Solicitor||Bryan &Armstrong||||
|||The New Meeting House||||
|||StPeter's Court||||
|||Station Street||||
|||Mansfield||||
|||Nottinghamshire||||
|||NG18 1EF||||
|Bankers||National
Westminster||Bank pic||
|||9Church Street||||
|||Mansfield||||
|||Nottinghamshire||||
|||NG18 1AF||||
##
##
##
##
##
##
##
##
##
##
##
##
|Champion
Crescent/Westfield|Lane|40Almshouses|||
|---|---|---|---|---|
|Samuel Close||18Almshouses|||
|The Patchills, oif Eakring Road||50Almshouses|||
|John Greenwood —The Patchills||6Almshouses|||
|The Patchills, off Eakring Road||25 Flats|||
|The Patchills, off Eakring Road||14Two bedroomed|semi-detached|bungalows|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||2021|2020|
|---|---|---|---|---|---|
||||Note|8000|EOOO|
|Turnover||||536|521|
|Cost ofsales||||(710)|(793)|
|Gross (deficit)||||(174)|(272)|
|Administrative
expenditure||||(268)|(223)|
|Other operating
income||||293|327|
|Operating
(deficit)||||(149)|(168)|
|Interest receivable and|similar income|||||
|Movement
in fair value|offinancial|instruments||1,640|(735)|
|Surplus I(deficit) on ordinary activities for the year||||1,494|(894)|
|Total comprehensive|income for|year||1,494|(894)|
|On behalf of the Trustees||||||
##
|||||2021|2020|
|---|---|---|---|---|---|
||||Note|8000|f000|
|Fixed assets||||||
|Tangible fixed assets||||1,894|2,010|
|Investments||||5,700|5,103|
|||||7,594|7,113|
|Current assets||||||
|Debtors|||10|62|73|
|Investments|||11|5,870|4,826|
|Cash at bank and in|hand|||1,486|1,407|
|||||7,418|6,306|
|Creditors: amounts|falling due within one year||12|(211)|(112)|
|Net current assets||||7,207|6,194|
|Total net assets||||14,801|13,307|
|Reserves||||||
|Income and expenditure||reserve|13|9,087|8,193|
|Restricted reserve|||13|230|212|
|Endowment
reserve|||13|5,484|4,902|
|Total reserves||||14,801|13,307|
##
##
|||Income and|Restricted|Endowment|Total|
|---|---|---|---|---|---|
|||expenditure|reserve|reserve||
|||reserve||||
|||8000|EOOO|EOOO|EOOO|
|At 1 April 2019||8,585|223|5,393|14,201|
|(Deficit) for the year||(737)|(11)|(146)|(894)|
|Transfer between|funds|||(345)||
|At 31 March 2020||8,193|212|4,902|13,307|
|Surplus for the year||600|18|876|1,494|
|Transfer between|funds|294||(294)||
|At 31 March 2021||9,087|230|5,484|14,801|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|2|Social hou|sing
t|urnover|and|costs||||
|---|---|---|---|---|---|---|---|---|
||||||||2021|2020|
||||||||ROOO|@000|
||Rents receivable||excluding|service charges|||536|521|
||Social housing
activity expenditure||||||(710)|(793)|
||Operating
(deficit) from social housing|||||activities|(174)|(272)|
||Net (deficit)|from|social housing||activities||(174)|(272)|
||Void losses||||||||
|3|Accommodation||owned|and|in management||||
||||||||Number of|Number of|
||||||||units|units|
||||||||2021|2020|
||Completed|units:|||||||
||Housing for|older|people||||153|153|
##
##
|2021|2020|
|---|---|
|6000|6000|
||||||2021
6000|2020
6000|
|---|---|---|---|---|---|---|
||Bank interest receivable||||||
|5|Surplus
/ defecit on ordinary
activities||||||
||Surplus
/ defecit on ordinary activities|is stated after|charging|/ (crediting):|||
||||||2021|2020|
||||||6000|ROOO|
||Auditor's
remuneration
for audit services||||8|8|
||Auditor's
remuneration
for non-audit|services|||6|6|
||Depreciation
oftangible fixed assets||||116|116|
||Gain / (Loss) on fair value movement|of investment|property|||(6)|
||Gain / (Loss) on fair value movement|of investments|||1,640|(730)|
##
##
##
##
||Housing|properties|
|---|---|---|
|||for letting|
|||8000|
|Cost|||
|At 1 April 2020 and at 31 March 2021||4,575|
|Depreciation|||
|At 1 April 2020||2,565|
|Charge for year||116|
|At 31 March 2021||2,681|
|Net book value|||
|At 31 March 2021||1,894|
|At 31 March 2020||2,010|
##
|The net book value of land and buildings
compris|ed:||
|---|---|---|
||2021|2020|
||KOOO|8000|
|Land and buildings:|||
|Freehold|1,894|2,010|
|Fixed asset investments|||||
|---|---|---|---|---|
||Investment|Listed|Other||
||properties|investments|investments|Total|
||8000|8000|8000|6000|
|Cost or valuation|||||
|At 1 April 2020|1,496|3,538||5,103|
|Revaluation||597||597|
|At 31 March 2021|1,496|4,135|69|5,700|
##
##
##
##
|10|equal to the amounts
spent, have to
Debtors|be set aside out ofaccumulat|ed
income.||
|---|---|---|---|---|
||||2021|2020|
||||8000|8000|
||Trade debtors (gross social housing|rent arrears)|34|26|
||Trade debtors (others)||28|47|
||||62|73|
|11|Current asset investments||||
||||2021|2020|
||||8000|8000|
||Listed investments||5,724|4,681|
||Short term deposits||146|145|
||||5,870|4,826|
##
##
##
|Creditors: amounts
f|alling due within one year|||
|---|---|---|---|
|||2021|2020|
|||0000|@000|
||||as restated|
|Trade creditors||0|5|
|Rents paid
in advance||16|17|
|Other tax and social security||5|5|
|Accruals and deferred|income|181|85|
|||211|112|
##
##
##
##
##
|provides
benefi
the UK.|provides
benefi
the UK.|t|s to some 500 non-associ|s to some 500 non-associ|ated
employers|ated
employers|.
The scheme
is|a defined
benefit|scheme
in|
|---|---|---|---|---|---|---|---|---|---|
|Reconciliation|||ofpresent value of plan||liabilities|||2021|2020|
|||||||||f000|6000|
|Defined|benefit|obligation at start of period||||||632|710|
|Current|service||cost|||||43|46|
|Expense||||||||2|2|
|Interest|expense|||||||16|17|
|Member|contributions|||||||0|g|
|Actuarial|(gains)||due to scheme experience|||||(14)|(60)|
|Actuarial
gains
Actual losses /||/ (losses) due to changes
(gains) due to changes
in|||in demographic
assumptions
financial
assumptions|||3
176|(6)
(84)|
|Benefits|paid and expenses|||||||(2)|(2)|
|Defined|benefit|obligation at end of period||||||865|632|
|Reconciliation|||ofpresent value of plan||assets|||2021|2020|
|||||||||8000|8000|
|At the beginning|||ofthe year|||||552|520|
|Interest|income|||||||14|13|
|Actuarial|gains|/|(losses)|||||63|(36)|
|Contributions||||||||62|57|
|Benefits|paid|||||||(2)|(2)|
|At the end ofthe|||year|||||689|552|
##
##
|Pension commitments
(continued)|Pension commitments
(continued)|||
|---|---|---|---|
|Composition
of plan assets'||2021|2020|
|||8000|6000|
|Global equity||110|81|
|Absolute
return||38|29|
|Distressed
opportunities||20|11|
|Credit relative value||22|15|
|Alternative
risk premia||26|39|
|Emerging
markets debt||28|17|
|Risk sharing||25|19|
|Insurance-linked
securities||17|17|
|Property||14|12|
|Infrastructure||46|41|
|High Yield||21||
|Private debt||16|11|
|Opportunistic
illiquid credit||17|13|
|Opportunistic
credit||19||
|Corporate
bond fund||41|31|
|Liquid credit||8||
|Long lease property||13|10|
|Secured income||29|21|
|Liability driven
investment||175|183|
|Net current assets||4|2|
|Total assets||689|552|
|Composition
of plan assets||2021|2020|
|||6000|6000|
|Fair value ofplan assets||689|552|
|Present value of plan liabilities||(865)|(632)|
|Net pension scheme
liability||(176)|(80)|
|The amounts
recognised|In profit or loss are as follows|||
|||2021|2020|
|||6000|8000|
|Current fund cost||43|46|
|Expenses||2|2|
|Interest on obligation||2||
|||47|52|
##
##
##
|Principal actuarial
as|sumptions
a|t the balance sheet date|(expressed as weighted
averages|)|
|---|---|---|---|---|
||||2021|2020|
|Discount rate|||2.17|2.38|
|Inflation (RPI)|||3.28|2.62|
|Inflation (CPI)|||2.86|1.62|
|Salary growth|||3.86|2.62|
|Mortality rates|||||
|~
Fora pensioner|aged 60 now||22.6|22.4|
|~
At 60for afuture|pensioners|now|24.0|23.7|