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|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||
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||||||||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|
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||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|
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|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|
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|||||||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.||||
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|Additions
and improvements|||
|---|---|---|
||2020|2019|
|||I|
|COST|||
|At 1 January|509,334|509,334|
|NET BOOK VALUE|||
|At 31 December|509,334|509,334|
##
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|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|
##
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|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|
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|||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|
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