2021-03-31-accounts - Foord Almshouses

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			Page
Reference and administrative		details ofthe Charity, its Trustees and advisers
I Trustees' report			2-5
Independent auditor's	report	on the financial statements	6-9
Statement offinancial	activities		10
Balance sheet
Statement ofcash flows			12
Notes to the financial	statements		13-26

			Restricted	Unrestricted	Total	Total
			funds	funds	funds	funds
			2021	2021	2021	2020
		Note				E
Income from:
Donations and legacies Charitable activities		3 4		35 508,543	35 508,543	3,089 497,955
Investments		5		87,786	87,786	106,948
Total~inc'ome				596,364	596,364	607,992
Expenditure on: Raising funds Charitable activities				10,298 466,117	10,298 466,117	11,105 571,906
Total expenditure				476,415	476,415	583,011
Net gains/(losses)	on investments		400,311	156,204	556,515	(359,248)
			400,311	276,153	676,464	(334,267)
Net movement in	funds
Reconciliation of	funds:
Total funds brought forward Net movement in funds			2,197,969 400,311	794,267 276,153	2,992,236 676,464	3,326,503 (334,267)
			2,598,280	1,070,420	3,668,700	2,992,236
Total funds carried forward
The Statement of Financial Activities		includes	all gains and losses recognised in the year.

Statement ofCash Flows
Forthe year ended 31 March 2021
			2021	2020
Cash flows from operating	activities
Net cash used in operating	activities (note 16)		43,301	(108,843)
Cash flows from investing	activities
Dividends, interests and rents from investments			87,786	106,948
Proceeds from sale of investments			246,288	110,652
Purchase ofinvestments			(238,735)	(135,828)
Net cash provided by investing activities			95,339 .	81,772
Change n cash and cash	equivalents in	the year	138,640	(27,071)
Cash'and cash equivalents	at the beginning	ofthe year	160,818	187,889
Cash and cash equivalents	at the end of	the year	299,458	160,818
The notes on pages 13to 26 form part ofthese financial statements

						Unrestricted	Total	Total
						costs	funds	funds
						2021	2021	2020
						K	E	F
	Auditors'	remuneration				4,060	4,060	3,992
	Total 2020					3,992	3,992
I	Staff costs
							2021	2020
								F
	Wages	and salaries					142,308	141,058
	Social security costs						3,415	4,315
	Pension	costs					2,024	1,927
							147,747	147,300
:	The average number of		persons employed	by	the Charity	during the year was as follows:
							2021	2020
							No.	No.
							12	12
	The average headcount		expressed as full-time		equivalents	was:
							2021	2020
							No.	No.

Notes to the Financial Statements	Notes to the Financial Statements	Notes to the Financial Statements	Notes to the Financial Statements	Notes to the Financial Statements
For	the year ended	31 March 2021				2021	2020
							P
	Material investments			(over 5%ofclosing valuation)
	Fidelity Gl Dividend					243,586	206,885
	Cazenove Equity Income Trust for Charities					591,147	526,937
	M&G Investments Man			Global Dividends	I Inc	386,056	271,853
	COIF Charities	Property		Fund		259,511	265,374
	COIF Charities	Investment Fund				786,694	651,687
11.	. Debtors
						2021	2020
							F
	Due within one year
	Other debtors					1,091	942
	Prepayments	and accrued income				12,390	12,289
						13,481	13,231
12.	' Creditors: Amounts		falling due within		one year
	I
						2021	2020
						E	E
	I
	Other taxation	and social security				3,596
	Accruals and	deferred		income		38,023	30,232
						41,619	30,232	'

	Summary	offund	s - current yea	r
								Balance at
			Balance at 1			Transfers	Gains/	31 March
			April 2020	Income E	Expenditure E	in/out	(Losses) E	2021 f.
	Designated funds		706,272		(41,900)	106,899	156,204	927,475
	General funds		87,995	596,364	(434,515)	(106,899)		142,945
	Restricted	funds	2,197,969				400,311	2,598,280
			2,992,236	596,364	(476,415) .		556,515	3,668,700
	Summary	offunds - prior year
								Balance at
				Balance at			Gains/	31 March
				1 April 2019	Income	Expenditure	(Losses)	2020
				E		F	F	E
,	Designated	funds		695,494	59,763	(47,000)	(1,985)	706,272
~	.General funds			75,777	548,229	(536,011)		87,995
	:Restricted	funds		2,555,232			(357,263)	2,197,969
				3,326,503	607,992	(583,011)	(359,248)	2,992,236

	e year ended 31 March 2021 Analysis ofnet assets between funds Analysis of net assets between funds -current year
		Restricted	Unrestricted	Total
		funds	funds	funds
		2021	2021	2021
		E
	Tangible fixed assets		2	2
	Fixed asset investments	2,546,903	850,475	3,397,378
	Current assets	51,377	261,562	312,939
	Creditors due within one year		(41,619)	(41,619)
	To'tal	2,598,280	1,070,420	3,668,700
	Analysis ofnet assets between funds - prior year
		Restricted	Unrestricted	Total
		funds	funds	funds
		2020	2020	2020
		F
'Tangible fixed assets			2	2
	,Fixed asset investments	2,154,145	694,272	2,848,417
' ,	Current assets	43,824	130,225	174,049
,	Creditors due within one year		(30,232)	(30,232)
		2,197,969	794,267	2,992,236

For	the year ended	31 March 2021	31 March 2021	31 March 2021	31 March 2021
16.	Reconciliation	of	net	movement			in funds to			net	cash flow	from operating	activities
													2021	2020
													E	P
	Net income/expenditure				for	the	year	(as		per	Statement	of Financial
	Activities)												676,464	(334,267)
	Adjustments	for:
	Gains/(losses)	on investments											(556,514)	355,080
	Dividends, interests and rents					from investments							(87,786)	(106,948)
	Increase in debtors												(250)	(52)
	Increase/(decrease)		in	creditors									11,387	(22,512)
	Net cash provided		by/(used			in) operating			activities				43,301	(108,699)
17.	Analysis ofcash and			cash equivalents
													2021	2020
														F
	Cash in hand												299,458	160,818
	, Total cash and cash			equivalents									299,458	160,818
18.	Analysis ofchanges			in	net debt
												At 1 April		At 31 March
												2020	Cash flows	2021
													E	.E
	sh at bank Ca	and	in hand									160,818	138,640	299,458
												160,818	138,640	299,458