2020-12-31-accounts - The Molyneux Almshouses

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		Page
Report ofthe Trustees		1 to	8
Independent Examiner's	Report
Statement of Financial	Activities	10
Statement of Financial	Position
Notes tothe Financial Statements		12 to	18
Detailed Statement of Financial Activities		19

		2020	2019
		Unrestricted	Total
		funds	iunds
FIXEDASSETS	Notes		f
Tangible assets		1,246,000	1,244,403
CURRENT ASSETS
Debtors Cash at bank		1,003 81,719	1,272 79,200
		82,722	80,472
CREDITORS
Amounts falling due within one year	10	(19,852)	(19,898)
NET CURRENT ASSETS		62,870	60,574
TOTAL ASSETSLESSCURRENT
LIABILITIES		1,308,870	1,304,977
CREDITORS
Amounts falling due atter more than one year	11	(99,524)	(117,176)
NET ASSETS		1,209,346	1,187,801
FUNDS	13
Unrestricted funds		1,209,346	1,187,801
TOTAL FUNDS		1,209,346	1,187,801

		Notes	to the Financial Statements	to the Financial Statements	to the Financial Statements	-continued
		for	the Year Ended 31		December 2020
2.	INVESTMENT INCOME
							2020		2019
									f
	Deposit account interest							114	103
3.	CHARITABLE ACTIVITIES COSTS
									Support
									costs (see
									note 4)
									f,
	Administration costs								10,553
4.	SUPPORT COSTS
						Management
						&administration	Finance		Totals
							f.
	Administration costs					10,540		13	10,553
	TRUSTEES' REMUNERATION		AND BENEFITS
	There were no trustees'	remuneration		or other benefits	for the	year ended 31 December		2020 nor for the year
	ended 31 December 2019.
	Trustees' expenses
							2020		2019
							f
	Trustees' expenses							403	381
6.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
									Unrestricted
									funds
									f.
	INCOME AND ENDOWMENTS		FROM
	Donations and legacies								230
	Charitable activities
	Rental income								121,721
	Investment income								103
	Total								122,054
	EXPENDITURE ON
	Charitable activities
	Administration costs								15,811
	Property costs								75,623
	Total								91,434

COMPARATIVES	FOR THE STATEMENT OF FINANCIAL AC	TIVITIES -continued
		Unrestricted
		funds
		6
NET INCOME		30,620
RECONCILIATION	OF FUNDS
Total funds brought	forward	1,157,181
TOTAL FUNDS CARRIED FORWARD		1 187 801

8.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
		2020	2019
	Prepayments and accrued income	1,003	1,272
9.	CASH AT BANK AND IN HAND
		2020	2019
		Total	Total
		funds	funds
			6
	Bank account - current	38,245	42,573
	Bank account - reserve fund	43,474	36,627
	Total	81,719	79,200
10.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
		2020	2019
		f
	Bank loans and overdrafis (scenote 12)		46
	Other loans (see note 12)	7,652	7,652
	Accrued expenses	2,200	2,200
	Deferred grants	10,000	10,000
		19,852	19,898
11.	CREDITORS: AMOUNTS FALLING DUE AFTERMORE THAN ONE YEAR
		2020	2019
	Other loans (see note 12)	46,024	53,676
	Deferred gmnts	53,500	63,500
		99,524	117,176
12.	LOANS
	An analysis ofthe maturity ofloans is given below:
		2020	2019
	Amounts falling due within one year on demand:
	Bank overdrafis		46
	Other loans	7,652	7,652
		7,652	7,698
	Amounts falling between one and two years:
	Other loans &1 &2years	7,352	7,652
	Amounts falling due between two and five years:
	Other loans &2 &5years	30,608	30,608

LOANS	- continued
		2020	2019
			f
Atnounts	falling due in more than five years:
Repayable	by instalments:
Other loans & 5 years		8,064	15,416

		Incoming	Resources	Movement
		resources	expended f	in funds f
Unrestricted	funds
General fund		122,054	(91,434)	30,620
TOTAL FUNDS		122,054	(91,434)	30,620
A current year	12months and prior year 12months combined position is as follows:
			Net
			movement	At
		At 1.1.19	in funds	31.12.20
			f.
Unrestricted	funds
General fund		1,157,181	52,165	1,209,346
TOTAL FUNDS		1,157,181	52,165	1,209,346

		Incoming	Resources	Movement
		resources	expended	in funds
			E
Unrestricted funds
General fund		243,514	(191,349)	52,165
TOTAL FUNDS		243,514	(191,349)	52,165
An analysis offunds at the 31stDecember 2020 was as follows:
Income k expenditure
f408,055 —Balance 1 January 2020
f21,545- Surplus for the year
f13,414 - Historic cost depreciation	adjustment

		Detailed Statement ofFinancial Activities
		for the Year Ended 31December 2020
			2020f	2019
INCOME AND ENDOWMENTS
Donations and legacies
Donations &other income			383	230
Investment income
Deposit account interest			114	103
Charitable activities
Rents received			110,963	111,721
Grants amortised			10,000	10,000
			120,963	121,721
Total incoming resources			121,460	122,054
EXPENDITURE
Property costs
Property maintenance-cyclical			8,050	8,488
Property maintenance-capital			24,791	9,326
Property maintenance-routine			16,683	16,930
Extraordinary repairs			4,575	5,505
Maintenance wages &expenses			15,188	15,299
Depreciation			20,075	20,075
			89,362	75,623
Support costs
Management &administration
Trustees' expenses			403	381
Insurance &monitoring			4,151	4,299
Sundries				242
Council tax and utilities			703	270
Residents' welfare			614	1,183
Accounting &examination	fees		2,220	2,220
Legal &professional				5,007
Computer expenses			459	274
Subscriptions &donations			1,075	890
Administration expenses			712	714
Depreciation			203	271
			10,540	15,751
Finance
Bank charges &interest			13	60
Total resources expended			99,915	91,434
Net income			21,545	30,620