|||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||
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||for the|Year Ended 31Dec mber|2020||
|---|---|---|---|---|
||||2020|2019|
||||Unrestricted|Total|
||||funds|funds|
|||Notes|||
|INCOME AND ENDOWMENTS FROM|||||
|Donations
and legacies|||383|230|
|Charitable
activities|||||
|Rental income|||120,963|121,721|
|Investment
income|||114|103|
|Total|||121,460|122,054|
|EXPENDITURE ON|||||
|Charitable
activities|||||
|Administration
costs|||10,553|15,811|
|Property costs|||89,362|75,623|
|Total|||99,915|91,434|
|NET INCOME|||21,545|30,620|
|RECONCILIATION|OFFUNDS||||
|Total funds brought|fortvard||1,187,801|1,157,181|
|TOTAL FUNDS CARRIED FORWARD|||1,209,346|1,187,801|
|||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|
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|||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|
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|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|
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|TANGIBLE FIXEDASSETS||||
|---|---|---|---|
|||Fixtures||
||Freehold|and||
||property|fittings|Totals|
||f.|f||
|COST||||
|At 1 January 2020|1,333,771|8,674|1,342,445|
|Additions|21,876||21,876|
|At 31December 2020|1,355,647|8,674|1,364,321|
|DEPRECIATION||||
|At 1 January 2020|90,182|7,860|98,042|
|Charge for year|20,076|203|20,279|
|At 31December 2020|110458|8,063|118,321|
|NET BOOK VALUE||||
|At 31December 2020|1,245,389|611|1,246,000|
|At 31December 2019|1,243,589|814|1,244,403|
##
|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|
##
|MOVEMENT|IN FUNDS||||||
|---|---|---|---|---|---|---|
||||||Net||
||||||movement|At|
|||||At 1.1.20|in funds|31.12.20|
|||||f|||
|Unrestricted|funds||||||
|General fund||||1,187,801|21 545|I 209346|
|TOTAL FUNDS||||1,187,801|21,545|1,209,346|
|Net movement|in funds, included||in the above are as follows:||||
|||||Incoming|Resources|Movement|
|||||resources
6|expended|in funds
f|
|Unrestricted|funds||||||
|General fund||||121,460|(99,915)|21,545|
|TOTAL FUNDS||||121,460|(99,915)|21,545|
|Comparatives|for movement|in|funds||||
||||||Net||
||||||movement|At|
|||||At 1.1.19|in funds|31.12.19|
|||||f|||
|Unrestricted|funds||||||
|General fund||||1,157,181|30,620|1,187,801|
|TOTAL FUNDS||||1,157,181|30,620|1,187,801|
##
|||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|