| TRUSTEES | IBenton | |
|---|---|---|
| G Brown | ||
| D Gilbert | ||
| RHackett | ||
| D Walker | (resigned 30.9.2020) | |
| M Pierce | (resigned 26.2.2020) | |
| P Smith | ||
| G Wilkinson | ||
| IEdwards | ||
| PRINCIPAL ADDRESS | The Almshouses | |
| Lower Gungate | ||
| Tamworth | ||
| Staffordshire | ||
| B797AN | ||
| REGISTERED CHARITY | 214737 | |
| NUMBER | ||
| INDEPENDENT EXAMINER | Philip Barnes &Co Limited | |
| Chartered | Accountants | |
| The Old Council Chambers | ||
| Halford Street | ||
| Tamworth | ||
| StatTordshire | ||
| B797RB | ||
| BANKERS | Yorkshire | Bank pic |
| 3George | Street | |
| Tamworth | ||
| StatTordshire | ||
| 8797LA |
| 2020 | 2019 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | ||||
| funds | fund | fund | funds | funds | ||||
| Notes | ||||||||
| INCOME | AND | |||||||
| ENDOWMENTS FROM |
||||||||
| Donations | and legacies | 3 | 5,078 | 5,078 | 115 | |||
| Charitable | activities | 5 | ||||||
| Residential | accommodation | 153,822 | 153,822 | 147,510 | ||||
| Investment | income | 4 | 13,978 | 1,215 | 15,193 | 15,696 | ||
| Other income | 6 | 5,984 | 5,984 | 5,739 | ||||
| Total | 178,862 | 1,215 | 180,077 | 169,060 | ||||
| EXPENDITURE ON | ||||||||
| Charitable | activities | 7 | ||||||
| Residential | accommodation | 117,169 | 117,169 | 144,824 | ||||
| Payments for benefit |
ofresidents | 838 | 838 | 1,020 | ||||
| Total | 117,169 | 838 | 118,007 | 145,844 | ||||
| Net gains/(losses) on |
||||||||
| investments | (12,295) | (2,343) | (13,816) | (28,454) | 45,400 | |||
| NKT | ||||||||
| INCOME/(EXPENDITURE) | 49,398 | (1,966) | (13,816) | 33,616 | 68,616 | |||
| RECONCILIATION | OF | |||||||
| FUNDS | ||||||||
| Total funds | brought | forward | 1,067,413 | 32,192 | 184,967 | 1,284,572 | 1,215,956 | |
| TOTAL FUNDS CARRIED | ||||||||
| FORWARD | 1,116,811 | 30,226 | 171,151 | 1,318,188 | 1,284,572 |
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| Notes | |||||
| FIXEDASSETS | |||||
| Tangible assets | 12 | 509,334 | 509,334 | ||
| Investments | 13 | 352496 | 380,950 | ||
| 861,830 | 890,284 | ||||
| CURRENT ASSETS | |||||
| Debtors | 14 | 22,408 | 16,566 | ||
| Cash at bank | 441,623 | 385,302 | |||
| 464,031 | 401,868 | ||||
| CREDITORS | |||||
| Amounts falling due within one year |
15 | (7,673) | (7,580) | ||
| NET CURRENT | ASSETS | 456,358 | ~394288 | ||
| TOTAL ASSETSLESSCURRENT | |||||
| LIABILITIES | 1,318,188 | 1,284,572 | |||
| NET ASSETS | 1,318,188 | 1,284,572 | |||
| FUNDS | 17 | ||||
| Unrestricted funds: |
|||||
| General fund | 297,477 | 283,079 | |||
| Capital fund | 509,334 | 509,334 | |||
| Repair reserve fund | 80,000 | 70,000 | |||
| Extraordinary repair fund |
180,000 | 160,000 | |||
| Cyclical maintenance | fund | 50,000 | 45,000 | ||
| 1,116,811 | ~1067413 | ||||
| Restricted funds: | |||||
| Elsie Westwood | fund | 30,226 | 32,192 | ||
| Endowment funds: |
|||||
| Permanent endowment |
fund | 171,15i | 184,967 | ||
| TOTAL FUNDS | 1,318,188 | 1,284,572 |
| DONATIONS | AND | LEGACIES | LEGACIES | ||||
|---|---|---|---|---|---|---|---|
| 2020 | 2019 | ||||||
| Grants | 4,963 | ||||||
| Guy's Hospital | 115 | 115 | |||||
| 5,078 | 115 | ||||||
| Grants received, | included | in the above, are as follows: | |||||
| 2020 | 2019 | ||||||
| HMRC Coronavirus | Job Retention | Scheme | 4,963 | ||||
| 4. | INVESTMENT | INCOME | |||||
| 2020 | 2019 | ||||||
| NAA Common | Investment | Fund dividend | 14,754 | 14,754 | |||
| COIF deposit interest | 439 | 942 | |||||
| 15,193 | 15,696 |
| 5. | INCOME FROM CHARITABLE ACTIVITIES | ||
|---|---|---|---|
| 2020 | 2019 | ||
| Residents contributions |
120,471 | 117,094 | |
| Facilities | 33,351 | 30,416 | |
| 153,822 | 147,510 | ||
| 6. | OTHER INCOME | ||
| 2020 | 2019 | ||
| Solar panel feed in tariff | ~5984 | ~5739 | |
| 7. | CHARITABLE ACTIVITIES COSTS |
| 7. | CHARIT | A | BLE ACTIVITIES COSTS | |||
|---|---|---|---|---|---|---|
| Direct costs | Support costs | |||||
| (see note 8) | (see note 9) | Totals | ||||
| Residential | accommodation | 44,215 | 72,954 | 117,169 | ||
| Payments | for benefit ofresidents | 838 | 838 | |||
| 44,215 | 73,792 | 118,007 | ||||
| 8. | DIRECT | COSTSOFCHARITABLE ACTIVITIES | ||||
| 2020 | 2019 | |||||
| Water rates | and council tax | 8,235 | 8, 123 | |||
| Insurance | 3,694 | 3,562 | ||||
| Gas and electricity | 24,922 | 21,522 | ||||
| Lifeline | 7,364 | 7,312 | ||||
| 44,215 | 40,519 |
| Repairs and | Residents | Governance | ||||
|---|---|---|---|---|---|---|
| Management | Maintenance | Welfare | costs | Totals | ||
| Residential | accommodation | 30,489 | 38,505 | 3,960 | 72,954 | |
| Payments | for benefit of | |||||
| residents | 838 | 838 | ||||
| 30,489 | 38,505 | 838 | 3,960 | 73,792 |
| Management | Management | Management | |||||
|---|---|---|---|---|---|---|---|
| 2020 | 2019 | ||||||
| f | f | ||||||
| Wages | 26,137 | 25,830 | |||||
| Pensions | 412 | 373 | |||||
| Telephone | 740 | 589 | |||||
| Stationery, | postage's | and sundries | 829 | 1,750 | |||
| Subscriptions | 371 | 357 | |||||
| Bad debt | 2,000 | ||||||
| 30,489 | 28,899 | ||||||
| Repairs | and | maintenance | |||||
| 2020 | 2019 | ||||||
| Wages | 17,830 | 18,016 | |||||
| Pensions | 83 | ||||||
| General repairs and | maintenance | 15,479 | 34,346 | ||||
| Garden expenses | 4,130 | 2,885 | |||||
| Cookers | 383 | 1,408 | |||||
| Other property | and | grounds | expenses | 600 | 14,527 | ||
| 38,505 | 71,182 | ||||||
| Residents | welfare | ||||||
| 2020 | 2019 | ||||||
| f. | |||||||
| Residents | social events | 740 | 893 | ||||
| Heritage | day | 60 | |||||
| Miscellaneous | expenses | 98 | 67 | ||||
| 838 | 1,020 | ||||||
| Governance | costs | ||||||
| 2020 | 2019 | ||||||
| Accountancy | and independent | examination | 3,960 | 3,960 | |||
| Professional | fees | 264 | |||||
| 3,960 | 4,224 |
| 2020 | 2019 | ||||||
|---|---|---|---|---|---|---|---|
| Wages | and salaries | 43,967 | 43,846 | ||||
| Other pension costs | 495 | 373 | |||||
| 44,462 | 44,219 | ||||||
| The average monthly | number | ofemployees | during the year was as follows: | ||||
| 2020 | 2019 | ||||||
| Average | number of | staff during the | year | 3 | 4 | ||
| Average | number of | full-time | equivalent | 2 | 2 | ||
| No employees received emoluments |
in excess of660,000. |
| Additions and improvements |
||
|---|---|---|
| 2020 | 2019 | |
| I | ||
| COST | ||
| At 1 January | 509,334 | 509,334 |
| NET BOOK VALUE | ||
| At 31 December | 509,334 | 509,334 |
| National | Association ofAlmshouses Co |
mmon I |
nvestment F |
und | ||
|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||
| Number | Number | |||||
| Income shares | ||||||
| -number | ofshares held | 421,545 | 421,545 | |||
| Market value ofthese shares split between | funds: | |||||
| Elsie | Permanent | |||||
| General | Westwood | Endowment | Total | |||
| f | ||||||
| Market value at I January 2020 | 164,605 | 31,378 | 184,967 | 380,950 | ||
| Movement | in market value | (12,295) | (2,343) | (13,816) | (28,454) | |
| Market value at 31 December 2020 | 152,310 | 29,035 | 171,151 | 352,496 |
| DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|
| 2020 | 2019 | |
| 6 | ||
| Residents contributions |
12,938 | 8,119 |
| Other debtors | 1,035 | 920 |
| Social security and other taxes | 934 | 846 |
| Prepayments | ~7501 | ~6681 |
| ~22 408 | 16,566 | |
| CREDITORS: AMOUNTS FALLING DUK WITHIN ONE YEAR | ||
| 2020 | 2019 | |
| Other creditors | 1,031 | 194 |
| Accrued expenses | 6,642 | 7,386 |
| 7,673 | 7,580 |
| 2020 | 2019 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | ||
| funds | fund | fund | funds | funds | ||
| f. | f | |||||
| Fixed assets | 509,334 | 509,334 | 509,334 | |||
| Investments | 152,310 | 29,035 | 171,151 | 352,496 | 380,950 | |
| Current Current |
assets liabilities |
462,840 ~7,673) |
1,191 | 464,031 ~7,673) |
401,868 ~7,580 |
|
| 1,116,811 | 30,226 | 171,151 | 1,318,188 | 1,284,572 |
| Net | Transfers | ||||
|---|---|---|---|---|---|
| movement | between | At | |||
| At 1.1.20 | in funds | funds | 31.12.20 | ||
| Unrestricted funds |
|||||
| General fund | 283,079 | 87,903 | (73,505) | 297,477 | |
| Capital fund | 509,334 | 509,334 | |||
| Repair reserve fund | 70,000 | (29,468) | 39,468 | 80,000 | |
| Extraordinary repair fund Cyclical maintenance fund |
160,000 45,000 |
(4,832) ~4,205 |
24,832 9,205 |
180,000 50,000 |
|
| 1,067,413 | 49,398 | 1,116,811 | |||
| Restricted funds | |||||
| Elsie Westwood fund |
32,192 | (1,966) | 30,226 | ||
| Endowment funds |
|||||
| Permanent endowtnent |
fund | 184,967 | (13,816) | 171,151 | |
| TOTALII'UNDS | 1,284,572 | 33,616 | ~1318188 |
| Net movement in funds, included |
Net movement in funds, included |
in the above are as follows: | |||
|---|---|---|---|---|---|
| Incoming | Resources | Gains and | Movement | ||
| resources | expended | losses | in funds | ||
| f. | |||||
| Unrestricted funds |
|||||
| General fund | 178,862 | (78,664) | (12,295) | 87,903 | |
| Repair reserve fund | (29,468) | (29,468) | |||
| Extraordinary repair fund Cyclical maintenance fund |
(4,832) ~4,205 |
(4,832) ~4,205 |
|||
| 178,862 | (117,169) | (12,295) | 49,398 | ||
| Restricted funds | |||||
| Elsie Westwood fund |
1,215 | (838) | (2,343) | (1,966) | |
| Endowment funds |
|||||
| Permanent endowment |
fund | (13,816) | (13,816) | ||
| TOTAL FUNDS | 180.077 | ~1)8,007) | ~28,454) | 33,616 |
| Net | Transfers | ||||
|---|---|---|---|---|---|
| movement | between | At | |||
| At 1.1.19 | in funds | funds | 31.12.19 | ||
| f | |||||
| Unrestricted funds |
|||||
| General fund | 240,441 | 113,820 | (71,182) | 283,079 | |
| Capital fund | 509,334 | 509,334 | |||
| Repair reserve fund | 70,000 | (32,465) | 32,465 | 70,000 | |
| Extraordinary repair fund Cyclical maintenance fund |
160,000 45,000 |
(23,360) ~15,357) |
23,360 15,357 |
160,000 45,000 |
|
| 1,024,775 | 42,638 | 1,067,413 | |||
| Restricted funds | |||||
| Elsie Westwood fund |
28,258 | 3,934 | 32,192 | ||
| Endowment funds |
|||||
| Permanent endowment |
fund | 162,923 | 22,044 | 184,967 | |
| TOTAL FUNDS | 1,215,956 | 68,616 | 1,284,572 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended f |
losses | in funds f |
||
| Unrestricted funds |
|||||
| General fund | 167,845 | (73,642) | 19,617 | 113,820 | |
| Repair reserve fund | (32,465) | (32,465) | |||
| Extraordinary repair fund |
(23,360) | (23,360) | |||
| Cyclical maintenance | fund | ~15,357 | ~15,357) | ||
| 167,845 | (144,824) | 19,617 | 42,638 | ||
| Restricted funds | |||||
| Elsie Westwood fund |
1,215 | (1,020) | 3,739 | 3,934 | |
| Endowment funds |
|||||
| Permanent endowment |
fund | 22,044 | 22,044 | ||
| TOTAL FUNDS | ~169 060 | ~145844) | 45,400 | 68.616 |
| Net | Transfers | ||||
|---|---|---|---|---|---|
| movement | between | At | |||
| At 1.1.19 | in funds | funds | 31.12.20 | ||
| Unrestricted funds |
|||||
| General fund | 240,441 | 201,723 | (144,687) | 297,477 | |
| Capital fund | 509,334 | 509,334 | |||
| Repair reserve fund | 70,000 | (61,933) | 71,933 | 80,000 | |
| Extraordinary repair fund Cyclical maintenance fund |
160,000 45,000 |
(28.192) ~)9,562 |
48,192 24,562 |
180,000 50,000 |
|
| 1,024,775 | 92,036 | 1,116,811 | |||
| Restricted funds | |||||
| Elsie Westwood fund |
28,258 | 1,968 | 30,226 | ||
| Endowment funds |
|||||
| Pennnnent endowment |
fund | 162,923 | 8,228 | 171,151 | |
| TOTAL FUNDS | 1,215,956 | 102,232 | 1,318,188 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| f. | |||||
| Unrestricted funds |
|||||
| General fund |
346,707 | (152,306) | 7,322 | 201,723 | |
| Repair reserve fund | (61,933) | (61,933) | |||
| Extraordinary repair fund |
(28,192) | (28,192) | |||
| Cyclical maintenance | fund | ~19,562) | ~19562) | ||
| 346,707 | (261,993) | 7,322 | 92,036 | ||
| Restricted funds |
|||||
| Elsie Westwood fund |
2,430 | (1,858) | 1,396 | 1,968 | |
| Endowment funds |
|||||
| Permanent endowment |
fund | 8,228 | 8,228 | ||
| TOTAL FUNDS | 349,137 | ~263 851 | ~16 946 | 102,232 |