## 

## 



## 

## 

||||Page|
|---|---|---|---|
|Reference and administrative||details ofthe Charity, its Trustees and advisers||
|I<br>Trustees' report|||2-5|
|Independent<br>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<br>and legacies<br>Charitable<br>activities||3<br>4||35<br>508,543|35<br>508,543|3,089<br>497,955|
|Investments||5||87,786|87,786|106,948|
|Total~inc'ome||||596,364|596,364|607,992|
|Expenditure<br>on:<br>Raising funds<br>Charitable<br>activities||||10,298<br>466,117|10,298<br>466,117|11,105<br>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<br>in|funds||||||
|Reconciliation<br>of|funds:||||||
|Total funds brought<br>forward<br>Net movement<br>in funds|||2,197,969<br>400,311|794,267<br>276,153|2,992,236<br>676,464|3,326,503<br>(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<br>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,<br>interests<br>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<br>by investing<br>activities|||95,339 .|81,772|
|Change<br>n cash and cash|equivalents<br>in|the year|138,640|(27,071)|
|Cash'and<br>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|
|---|---|---|---|---|---|---|---|---|
|||||||funds|funds|funds|
|||||||2021|2021|2020|
|||||||||F|
|||Donations||||35|35|3,089|
|||Total 2020||||3,089|3,089||
|4.|I|Income from||charitable|activities||||
|||||||Unrestricted|Total|Total|
|||||||funds|funds|funds|
|||||||2021|2021|2020|
||||||||E||
|||Weekly charges||||506,194|506,194|494,033|
|||Visitors' flats||||366|366|1,656|
||:|Lunches|(net)|||1,983|1,983|2,266|
|||||||508,543|508,543|497,955|
|||Total 2020||||497,955|497,955||
|5.||Investment||income|||||
|||||||Unrestricted|Total|Total|
|||||||funds|funds|funds|
|||||||2021|2021|2020|
|||||||||F|
|||Income from||listed investments||87,786|87,786|106,948|
|||Total 2020||||106,948|106,948||





## 

## 

|||||||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||funds|funds|funds|
|||||||||. 2021|2021|2020|
|||||||||K|E|F|
||||Investment||management|fees||10,298|10,298|11,105|
||||Total 2020|||||11,105|11,105||
|7.||'Analysis ofexpenditure||||by activities|||||
||||||||Direct|Support|Total|Total|
||||||||costs|costs|funds|funds|
||||||||2021<br>E|2021<br>E|2021f|2020<br>E|
||||Charitable|activities|||462,057|4,060|466,117|571,906|
||||Total 2020||||567,914|3,992|571,906||
|||~|Analysis ofdirect costs||||||||
||||I||||||||
|||||||||Unrestricted|Total|Total|
|||||||||costs|funds|funds|
|||||||||2021|2021|2020|
|||||||||F|||
||||Staff costs|||||147,747|147,747|147,300|
||||Lifeline|||||22,108|22,108|21,662|
||||Repairs and renewals|||||135,971|135,971|229,907|
||,|~|Gas|||||54,006|54,006|58,142|
|||;|Electricity|||||16,939|16,939|17,720|
|||~|Water rates<br>Insurance|||||15,421<br>15,141|15,421<br>15,141|14,383<br>15,164|
|||'|Telephone|||||3,619|3,619|2,698|
||||General expenses|||||8,601|8,601|6,566|
||||Surveyors'|fees||||11,809|11,809|22,554|
||||Founders|day dinner||||2,035|2,035|1,567|
||||Garden contractors|||||27,292|27,292|28,865|
||||P'rofessional||fees|||1,368|1,368|1,386|
|||||||||462,057|462,057|567,9.14|
||||Tota I2020|||||567,914|567,914||





## 

## 

|||||||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.|



## 



|The|Foord Almshouses|Foord Almshouses|Foord Almshouses|Foord Almshouses|||||
|---|---|---|---|---|---|---|---|---|
|Notes|||to the Financial Statements||||||
|For|the year ended|||31 March|2021||||
|9.|||Tangible fixed assets||||||
|||||||||Freehold|
|||||||||property|
|||||||||E|
||||Cost or valuation||||||
||||At 1 April 2020||||||
||||At 31 March|2021|||||
||||,'Net book value||||||
||||At 31 March|2021|||||
||||At 81 March|2020|||||
|10.|||Fixed asset|investments|||||
|||||||||Listed|
|||||||||investments|
|||||||||.E|
|||,<br>'|Cost or valuation||||||
|||'|At 1 April 2020|||||2,848,417|
||||Additions|||||260,735|
||||Disposals|||||(254,238)|
||||Revaluations|||||542,464|
||||At 31 March|2021||||3,397,378|
||||Net book value||||||
||.|I|At 31 March|2021||||3,397,378|
|||'|At 31 March|2020||||2,848,417|
|||I|In'vestments|at market|value comprise|listed|investments|of E3,397,378 (2020: E2,848,417), all held<br>in|
||||the UK.||||||





## 

|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<br>Equity Income Trust for Charities|||||591,147|526,937||
||M&G Investments<br>Man|||Global Dividends|I Inc|386,056|271,853||
||COIF Charities|Property||Fund||259,511|265,374||
||COIF Charities|Investment<br>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|'|





## 

|||||||||Balance at|
|---|---|---|---|---|---|---|---|---|
|||Balance at 1||||Transfers|Gains/|31 March|
|||April 2020|Income|Expenditure||in/out|(Losses)|2021|
|||E|E||||||
|Unrestricted|||||||||
|funds|||||||||
|Designated|||||||||
|funds|||||||||
|'( Cyclical|||||||||
|maintenance|||||||||
|funds||76,585||(2,650)||67,650|(804)|140,781|
|' Extraordinary|||||||||
|repairs fund||629,687||(39,250)||39,249|157,008|786;694|
|||706,272||(41,900)|'|106,899|156,204|927,475|
|General funds|||||||||
|' Income and|||||||||
|expenditure|||||||||
|account||87,995|596,364|(434,515)||(106,899)||142,945|
|Total|||||||||
|Unrestricted|||||||||
|funds||794,267|596,364|(476,415)|||156,204|1,070,420|
|Restricted|||||||||
|funds|||||||||
|Capital fund||2,197,969|||||400,311|2,598,280|
|' Total offunds||2,992,236|596,364|(476,415)|||556,515|3,668,700|
|Designated|funds||||||||



## 



## 

## 

|||Statement o|ffunds|- prior y|ear||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||Balance at|
||||||Balance at||||Gains/|31 March|
||||||1 April 2019<br>f.||Income<br>F.|Expenditure<br>F|(Losses)<br>F|2020|
|||Unrestricted|funds||||||||
|||Designated|funds||||||||
||'|Cyclical maintenance||fund|18,512||59,763||(1,690)|76,585|
|||Extraordinary|repairs|fund|676,982|||(47,000)|(295)|629,687|
||||||695,494||59,763|(47,000)|(1,985)|706,272|
|||General funds|||||||||
|||Income and|expenditure||||||||
|||account|||75,777|.|548,229|(536,011)||87,995|
|||Total Unrestricted||funds|771,271||607,992|(583,011)|(1,985)|794,267|
|'||Restricted funds|||||||||
|||Capital fund|||2,555,232||||(357,263)|2,197,969|
|||Total offunds|||3,326,503||607,992|(583,011)|(359,248)|2,992,236|





## 

## 

||Summary|offund|s - current yea|r|||||
|---|---|---|---|---|---|---|---|---|
|||||||||Balance at|
||||Balance at 1|||Transfers|Gains/|31 March|
||||April 2020|Income<br>E|Expenditure<br>E|in/out|(Losses)<br>E|2021<br>f.|
||Designated<br>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<br>Analysis ofnet assets between funds<br>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|
|'<br>,|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<br>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,<br>interests<br>and rents|||||from investments|||||||(87,786)|(106,948)|
||Increase<br>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 <br>Ca|and|in hand|||||||||160,818|138,640|299,458|
|||||||||||||160,818|138,640|299,458|





## 

## 

## 

## 

##