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||A|S AT 31DEC|EMBER2021|||
|---|---|---|---|---|---|
||||Notes|2021
f|2020|
|Fixed assets||||||
|Housing properties|||9|99,546|50,158|
|Tangible fixed assets|||9|2,127|2,141|
|Investments|||10|235,791|208,363|
|Total fixed assets||||337,464|260,662|
|Current
assets||||||
|Debtors and prepayments|||11|28,995|19,756|
|Bank balances|||12|513,781|247,817|
|Total current assets||||542,776|267,573|
|LiabiTities||||||
|Creditors: Amounts|falling due withui|one year|13|(14,247)|(8,794)|
|Net current assets||||528,529|258,779|
|Total assets less current liabilities||||865,993|519,441|
|The funds ofthe charity||||||
|Endowment
Fund|||isa|16,597|14,665|
|Restricted Funds|||15b|781,741|227,400|
|Unrestricted
Funds|||16|67,655|277,376|
|Total charity funds|||14|865,993|519,441|
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||the year were f0.(2020K|).|||
|---|---|---|---|---|
||||2021|2020|
|3.|INTEREST RECEIVABLE AND OTHER INCOME||||
||Bank deposit interest||28|34|
||Investments
income||6,860|8371|
||||6888|8405|
|4.|REFURBISHMENT COSTS||||
||Extraordinary
Repairs||||
||Architects'
fees —Appeal|—Lambeth Bomugh Claim||(2,400)|
||Electrical Engineer/Heating|Engineer - Report||695|
|||||1,705|
|||||1,705|
|5.|SURPLUS FOR THE YEAR||||
||The surplus
is stated after|charging:|||
||Reporting Accountant|(excluding VAT)|1,380|1,320|
||VAT||276|264|
||||I 656|I 584|
##
##
##
|7.|UNITS UNDER MANAGEMENT
AT YEAR END|UNITS UNDER MANAGEMENT
AT YEAR END|UNITS UNDER MANAGEMENT
AT YEAR END|UNITS UNDER MANAGEMENT
AT YEAR END|UNITS UNDER MANAGEMENT
AT YEAR END||||
|---|---|---|---|---|---|---|---|---|
||||||||2021|2020|
||Ahnshouses||||||8|8|
|8.|EMPLOYEES INFORMATION||||||2021|2020|
||The avenge weekly number ofpersons employed||||during the year was|(full time|||
||equivalent)||||||||
|9(a).|FIXEDASSETS - FREEHOLD PROPERTY||||||||
||||||||2021|2020|
||Capitalisation
ofRenovations|Project||Expenditure:|||||
||At 01.01.2021||||||50,158|50,158|
||2021||||||49388||
||At 31.12.21||||||99546|50.158|
||Fees and expenses
incurred
in|respect ofthe|||||||
||Renovations
Project, which had||been charged tothe||||||
||Extraordinary
Repairs Fund have, now|||that the Project|||||
||is to go ahead, been capitalised,||and the 2020||||||
||comparative
figures have, accordingly,|||been amended.|||||
||The value placed upon the site and the
is the historic cost, which is deemed to|||almshouses
befnil.|||||
|9(b).|FIXEDASSETS - EQUIPMENT||||||2021
f|2020|
||Cost||||||||
||At 01.01.2021||||||4,311|3,912|
||Additions||||||464|399|
||Dispo sale||||||||
||At 31.12.2021||||||4,775|4,311|
||Depreciation||||||||
||At 01.01.2021||||||2,170|1,705|
||Charge for the year||||||478|465|
||Disposals||||||||
||At 31.12.2021||||||2,648|2,170|
||Net BookValue||||||||
||At 31.12.Z021||||||2,127|2 141|
##
##
##
||The investments
were in t
value at 31December.|he M|srG|Charity|Multi-Asset
Fund, and the holdin|gs
and are stated at|the market|
|---|---|---|---|---|---|---|---|
|||||||2021|2020|
||At 1 January 2021|||||208,363|215,193|
||Additions:
Dividends
reinvested|||||6,860|8,371|
||Gifted shares —Fundsmith|Equity Income|||||211,003|
||Sale ofgifted shares||||||(211,003)|
||Net change in value ofinvestments|||during the year||20,568|(15,201)|
||At 31December 2021|||||235,791|208,363|
||Held at 31December 2021|for:||||||
||Cyclical, and Extraordinary||Maintenance||and General Reserves|||
||2,093 Accumulation|shares||||219,194|187,773|
||Endowment
Reserve|||||||
||158Accumulation
shares|||||16,597|14,665|
||Renovations/Friends
Reserve|||||||
||64Accumulation
shares||||||5,925|
|||||||235,791|208,363|
|11.|DEBTORSAND PREPAYMENTS|||||||
||Expense prepayments|||||943|762|
||Funds held by: London Block Management||||Ltd|15,693|14,548|
||Maintenance
Contributions|due||||2,748|4,059|
||Other debtors|||||9,611|387|
|||||||28,995|19,756|
|12.|BANK BALANCES|||||||
||Current account|||||||
||Deposit account|||||||
||Cash in band|||||||
|||||||~51
1|~2|
|13.|CREDITORS AND ACCRUALS|||||||
||Amounts
falling due within
one year|||||||
||Expense accrual s|||||12,077|7,590|
||Maintenance
Contributions|in advance||||2,170|1,204|
|||||||14,247|8,794|
##
##
##
##
||~OF|FUND M|OVEMKN|TS||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||Fund 2021|||||||||||
||||Income|Expenditure||Net|Transfer|Gains||||
|||||||||and||||
||Name|Balances||||||Losses|Balances|||
|||1.1.2021||||f|f|f|31.12.2021
f|||
||Endowment|14,665|483|||483||1,449|16,597|||
||Restricted|227,400|305,363||(2,587)|302,776|251,565||781,741|||
||Unrestricted:|||||||||||
||General|72,302|57,315||(40,152)|17,163|(12,400)||40,000|||
||||||||(37,065)|||||
||Extraordinary|81,131|2,898|||2,898|4,560|8,684|10,000|||
||||||||(87233)|||||
||Cyclical|115,513|3,479|||3,479|7,840|10,435|10,000|||
||||||||(127,267)|||||
||Charitable|8,430|||(775)|(775)|||7,655|||
||Total|277376|63692||40927|22 765|251 565|19119|67|655||
||Total Funds:|519,441|369,538||(43,514)|326,024|-|20,568|865,993|||
||Fund - 2020|||||||||||
||||Income|Expenditure||Net
Transfer||Gains|Adjusted|||
|||||||||and||||
||Name|Balances||||||Losses|||Balances|
|||1.1.2020f||||f|f|f||f|31.12.2020|
||Endowment|15,147|589|||589||(1,071)|||14,665|
||Restricted|16,457|211,377||(135)|211,242||(299)|||227,400|
||Unrestricted:|||||||||||
||General|62,5774|56,367||(31,201)|25,166|(13,625)|(1,813)|||72,302|
||Extraordinary|25,697|3,469|||3,469|6,089|(4482)|50,158||81,131|
||Cyclical|111,199|4,245|||4,245|7,536|(7,467)|||115,513|
||Charitable|9358|||(560)|(560)||(268)|||8,430|
||Total|208 728|64081||31 761|32320|-|13830|50 158||277 376|
||Total Funds:|240,332|276,047||(31,896)|244,151||(15400)|50,158||519,441|
||Th
e2020 reserves have been mcreased by||||f50,158|SeeNote|9a.|||||
|15.|RESTRICTED RESERVES|||||||||||
||||||||||2021||2020|
|15a.|ENDOWMENT RESERVE|||||||||||
||At 1 Ianuary 2021||||||||14,665||15,147|
||(Decrease)/Increase|in the value ofNational|||Association ofAhnshouses||||1,449||(1,071)|
||Dividends
received|re-invested|||||||483||589|
||At 31December 2021||||||||16597||14665|
##
##
##
##
|EXTRAORDINARY|REPAIRS RE|SERVE|||
|---|---|---|---|---|
||||2021f|2020f|
|At 1 January 2021|||81,131|25,697|
|Transfer
fiom income and expenditure||account|4,560|4,384|
|Dividends received re-invested|||2,898|3,537|
|Donatious||||(68)|
|Less: Transfer to cover|Extraordinary|Repairs (Note 4)||1,705|
|(Decrease)/increase
in the value ofinvestments|||8,684|(6,416)|
|Reallocation ofdividend|income and|capital gains||2,134|
|Capitalisation
ofcosts written off—2015to 2019||||50,158|
|Transfer to Renovations|Reserve||(87773)||
|At 31December 2021|||10,000|81,131|
|16.|UNRESTRICTED RESERVES - DESIGNATED RESERVES (conibrued)|UNRESTRICTED RESERVES - DESIGNATED RESERVES (conibrued)|||
|---|---|---|---|---|
|16c.|CYCLICAL MAINTENANCE
RESERVE||2021f|2020|
||At 1 January 2021||115,513|111,199|
||Transfer from income and expenditure|account|7,840|7,536|
||Dividends received re-invested||3,479|4245|
||(Decrease)/Increase
in the value ofinvestments||10,435|(7,713)|
||Reallocation ofdividend
income and|capital gains||246|
||Transfer to Renovations
Reserve||(127,267)||
||At 31December 2021||10,000|115,513|
##
##
||FOR THE|YEAR ENDED 31DECEMBE|R2021|||
|---|---|---|---|---|---|
|||||2021|2020|
|16d.|CHARITABLE RESERVE|||||
||At 1 January 2021|||8,430|9,258|
||Gifts and allowances
for Almspersons
Christmas
gills —7xf75 (gxf70)|||525|560|
||Garden party: Expenditure|||410||
||Less contribution|&om London Block Management|Ltd|(160)||
||Allocation ofdividend
income|less capital losses|||268|
||Expenditure|||(775)|(828)|
||At 31December 2021|||7,655|8,430|
##
##
##
##
##
|INCOME|||||Notes|2021f|2020|
|---|---|---|---|---|---|---|---|
|Maintenance
contributions||||||57,286|56,319|
|Less: Voids||||||||
|||||||57,286|56,319|
|Investments||||||6,860|8,371|
|Donations||||||305,135|211,202|
|Other income||||||257|48|
|TURNOVER||||||369538|275 940|
|EXPENDITURE||||||||
|Services||||||||
|Gas||||||4,180|4,387|
|Electricity||||||1,563|1,613|
|Water rates||||||1,918|1,843|
|Gardening —labour||||||4,375|4,442|
|Gardening
-materials||||||262|1,132|
|TV licence||||||40|37|
|||||||12338|13454|
|Management||||||||
|Caretaking||||||3,430|3,621|
|Insurance||||||1,205|1,203|
|Sundry expenses||||||763|324|
|Managing
agent||||||4 800|4 800|
|||||||10198|9948|
|Governance||||||||
|Reporting
accountants||||||1,656|1,584|
|Subscriptions||||||539|536|
|Website costs||||||456|348|
|Trustees'
expenses||||||||
|||||||2651|2468|
|Maintenance
and||Replacements||||||
|Boiler servicing|and gas safety||checks|||1,046|576|
|Premises repairs|and maintenance|||||7,500|3,500|
|Window cleaning||and pest control||||2,514|1,428|
|Health and safety||checks||||847||
|Refurbishment|costs:|||||||
|Architects'
fees and appeal fee|||||||-2,400|
|Electrical engineer||(Heating engineer) - Report|||||695|
||||||||-1,705|
|Professional
fees||||||2,620|960|
|Depreciation
-Equipment||||||478|465|
|||||||15005|5224|
|Fundraising
—Fee||ofexecutive|fundraiser|||2,587|135|
|Charitable
Reserve Expenses - Christmas||||gihs to residents||525|560|
||||Garden Party|||250||
|||||||3 362|695|
|OPERATING COSTS||||||43 554|31789|
|SURPLUS/(DEFICIT)||||||325 984|244 151|
##
##
##
|21.
ANALYSIS OF A|SSETSBETWE|EN|FUNDS AT|31DECEM|BER|||
|---|---|---|---|---|---|---|---|
||||2021|||2020||
||Unrestricted|Restricted||Total|Unrestricted|Restricted|Total|
|Assets||||f,||||
|Tangible fixed Assets:||||||||
|Freehold property|||99,546|99,546|50,158||50,158|
|Equipment|2,127|||2,127|2,141||2,141|
|Fixed assets investments|50,780||185,011|235,791|187,773|20,590|208,363|
|Debtors|28,995|||28,995|19,756||19,756|
|Cash|||513,781|513,781|26,342|221,475|247,817|
|Liabilities:||||||||
|Creditors|1424|||14247|8794||8794|
||67655||798338|865993|277376|242 065|519441|
|22.
FINANCIAL INSTRUMENTS||||||||
|At the Balance Sheet date|the Charity held|the|following:|||2021
f|2020
f,|
|Financial Assets||||||||
|Measured atcost:||||||||
|Cash||||||513,781|247,817|
|Measured
at amortised cost:||||||||
|Funds held by London BlockManagement||Ltd||||15,693|14,548|
|Maintenance
Contributions|due|||||2,748|4,059|
|Other debtors||||||10,554|387|
|Measured
at fair value:||||||||
|lnvesnnents||||||235,791|208,363|
|Total Financial Assets||||||778 747|471.174|
|Financial
liabilities||||||||
|Measured
at amortised cost:||||||||
|Expense Accruals||||||12,077|7,590|
|Maintenance
Contrtliutions|in advance|||||2,170|1304|
|Total Financial Liabilities||||||14247|8 794|
##