| Page | |||
|---|---|---|---|
| Reference and Administrative Details |
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| Report ofthe Trustees | 2 | to | 5 |
| Independent Examiner's Report |
|||
| Statement ofFinancial Activities | |||
| Balance Sheet | |||
| Notes to the Financial Statements | 9 | to | 19 |
| INDEPENDENT EXAMINER | Philip Bames dt Co Limited |
|---|---|
| Chartered Accountants |
|
| The Old Council Chambers | |
| Halford Street | |
| Tamworth | |
| Staffordshire | |
| B797RB | |
| SCHEME MANAGER | LShaw |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | |||
| funds | fund | fund | funds | funds | |||
| Notes | |||||||
| INCOME AND | |||||||
| ENDOWMENTS FROM |
|||||||
| Donations and legacies |
3 | 2,827 | 2,827 | 5,078 | |||
| Charitable activities |
|||||||
| Residential accommodation |
159,509 | 159,509 | 153,822 | ||||
| Investment income |
12,785 | 1,146 | 13,931 | 15,193 | |||
| Other income | 4,602 | 4,602 | 5,984 | ||||
| Total | 179,723 | 1,146 | 180,869 | 180,077 | |||
| EXPENDITURE ON | |||||||
| Charitable activities |
7 | ||||||
| Residential accommodation |
126,783 | 126,783 | 117,169 | ||||
| Payments for benefit |
ofresidents | 1,681 | 1,681 | 838 | |||
| Total | 126,783 | 1,681 | 128,464 | 118,007 | |||
| Net gains/(losses) on |
|||||||
| investments | 13,716 | 2,614 | 15,412 | 31,742 | (28,454) | ||
| NET INCOME | 66,656 | 2,079 | 15,412 | 84,147 | 33,616 | ||
| RECONCILIATION | OF | ||||||
| FUNDS | |||||||
| Total funds brought | forward | 1,116,811 | 30,226 | 171,151 | 1,318,188 | 1,284,572 | |
| TOTAL FUNDS CARRIED | |||||||
| FORWARD | 1,183,467 | 32,305 | 186,563 | 1,402,335 | 1,318,188 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Notes | |||||
| FIXEDASSETS | |||||
| Tangible assets | 12 | 509,334 | 509,334 | ||
| Investments | 13 | 384,238 | 352,496 | ||
| 893,572 | 861,830 | ||||
| CURRENT ASSETS | |||||
| Debtors | 14 | 15,865 | 22,408 | ||
| Cash at bank | 503,025 | 441,623 | |||
| 518,890 | 464,031 | ||||
| CREDITORS | |||||
| Amounts falling due within one year |
15 | (10,127) | (7,673) | ||
| NET CURRENT | ASSETS | 508,763 | 456,358 | ||
| TOTAL ASSETSLESSCURRENT | |||||
| LIABILITIES | 1,402,335 | 1,318,188 | |||
| NET ASSETS | 1,402,335 | 1,318,188 | |||
| FUNDS | 17 | ||||
| Unrestricted funds: |
|||||
| General fund |
334,133 | 297,477 | |||
| Capital fund | 509,334 | 509,334 | |||
| Repair reserve fund | 110,000 | 80,000 | |||
| Extraordinary repair fund |
180,000 | 180,000 | |||
| Cyclical maintenance | fund | 50,000 | 50,000 | ||
| 1,183,467 | 1,116,811 | ||||
| Restricted funds: |
|||||
| Elsie Westwood | fund | 32,305 | 30,226 | ||
| Endowment fu~ds: |
|||||
| Permanent endowment |
fund | 186,563 | 171,151 | ||
| TOTAL FUNDS | 1,402,335 | 1,318,188 |
| 3. | DONATIONS | AND | LEGACIES | LEGACIES | |||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| Grants | 4,963 | ||||||
| Guy's Hospital | 2,827 | 115 | |||||
| 2,827 | 5,078 | ||||||
| Grants received, included | in the above, are as follows; | ||||||
| 2021 | 2020 | ||||||
| HMRC Coronavirus | Job Retention | Scheme | 4,963 | ||||
| 4. | INVESTMKNT INCOME | ||||||
| 2021 | 2020 | ||||||
| f | |||||||
| NAA Common | Investment | Fund dividend | 13,911 | 14,754 | |||
| COIF deposit interest | 20 | 439 | |||||
| 13,931 | 15,193 |
| 5. | INCOME | FROM CHARITABLE ACTIVITIES | |||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Residents | contributions | 125,207 | 120,471 | ||
| Facilities | 34,302 | 33,351 | |||
| 159,509 | 153,822 | ||||
| 6. | OTHER | INCOME | |||
| 2021 | 2020 | ||||
| Solar panel feed in tariff | 4,602 | 5,984 | |||
| 7. | CHARITABLE ACTIVITIES COSTS | ||||
| Direct costs | Supportcosts | ||||
| (see note 81 | (see note 9) | Totals | |||
| Residential | accommodation | 47,782 | 79,001 | 126,783 | |
| Payments | for benefit ofresidents | 1,681 | 1,681 | ||
| 47,782 | 80,682 | 128,464 | |||
| 8. | DIRECT | COSTS OF CHARITABLE ACTIVITIES | |||
| 2021 | 2020 | ||||
| Water rates and council tax | 8,197 | 8,235 | |||
| Insurance | 3,845 | 3,694 | |||
| Gas and electricity | 28,354 | 24,922 | |||
| Lifeline | 7,386 | 7,364 | |||
| 47,782 | 44,215 | ||||
| 9. | SUPPORT COSTS |
| Repairs | ||||||
|---|---|---|---|---|---|---|
| and | Residents | Governance | ||||
| Management | Maintenance | Welfare | costs | Totals | ||
| Residential | accommodation | 27,259 | 46,642 | 5,100 | 79,001 | |
| Payments | for benefit of | |||||
| residents | 1,681 | 1,681 | ||||
| 27,259 | 46,642 | 1,681 | 5,100 | 80,682 |
| Management | |||||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| Wages | 24,222 | 26,137 | |||||
| Pensions | 352 | 412 | |||||
| Telephone | 662 | 740 | |||||
| Stationery, postage's | and sundries | 718 | 829 | ||||
| Subsctiptions | 305 | 371 | |||||
| Bad debt | 1,000 | 2,000 | |||||
| 27,259 | 30,489 | ||||||
| Repairs and | maintenance | ||||||
| 2021 | 2020f | ||||||
| Wages | 25,092 | 17,830 | |||||
| Pensions | 83 | ||||||
| General repairs | and | maintenance | 18,478 | 15,479 | |||
| Garden expenses | 1,723 | 4,130 | |||||
| Cookers | 1,349 | 383 | |||||
| Other property | and | grounds | expenses | 600 | |||
| 46,642 | 38,505 | ||||||
| Residents welfare | |||||||
| 2021 | 2020 | ||||||
| 6 | |||||||
| Residents social | events | 1,576 | 740 | ||||
| Miscellaneous | expenses | 105 | 98 | ||||
| 1,681 | 838 | ||||||
| Governance | costs | ||||||
| 2021 | 2020 | ||||||
| Accountancy | and independent | examination | 4,200 | 3,960 | |||
| Professional | fees | 900 | |||||
| 5,100 | 3,960 |
| 2021 | 2020 | ||
|---|---|---|---|
| g | |||
| Wages | and salaries | 49,314 | 43,967 |
| Other | pension costs | 352 | 495 |
| 49,666 | 44,462 |
| Additions and improvements |
||
|---|---|---|
| 2021 | 2020 | |
| COST | ||
| At 1 January | 509,334 | 509,334 |
| NET BOOK VALUE | ||
| At 31 December | 509,334 | 509,334 |
| National Association ofAlmshouses | National Association ofAlmshouses | Common | Common | Investment | Fund | ||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| Number | Number | ||||||
| Income shares | |||||||
| - number of | shares held | 421,545 | 421,545 | ||||
| Market value | ofthese shares split between | funds: | |||||
| Elsie | Permanent | ||||||
| General | Westwood | Endowment | Total | ||||
| Market value | at 1 January 2021 | 152,310 | 29,035 | 171,151 | 352,496 | ||
| Movement in |
market value | 13,716 | 2,614 | 15,412 | 31,742 | ||
| Market value | at 31December 2021 | 166026 | 31,649 | 186,563 | 384,238 | ||
| DEBTORS:AMOUNTS FALLING | DUE WITHIN ONE | YEAR | |||||
| 2021 | 2020 | ||||||
| Residents contributions |
7,005 | 12,938 | |||||
| Other debtors | 1,035 | ||||||
| Social security | and other taxes | 1,170 | 934 | ||||
| Prepayments | 7,690 | 7,501 | |||||
| 15,865 | 22,408 |
| 15. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|---|
| 2021 | 2020 | ||
| Other creditors | 355 | 1,031 | |
| Accrued expenses | ~9772 | 6,642 | |
| 10,127 | 7,673 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | ||
| funds | fund | fund | funds | funds | ||
| Fixed assets | 509,334 | 509,334 | 509,334 | |||
| Investments | 166,026 | 31,649 | 186,563 | 384,238 | 352,496 | |
| Current | assets | 518,234 | 656 | 518,890 | 464,031 | |
| Current | liabilities | (10,127) | (10,127) | (7,673) | ||
| 1,183,467 | 32,305 | 186,563 | 1,402,335 | 1,318,188 |
| MOVEMENT IN F | UNDS | ||||
|---|---|---|---|---|---|
| Net | Transfers | ||||
| movement | between | At | |||
| At 1.1.21 | in funds | funds | 31.12.21 | ||
| Unrestricted funds |
|||||
| General fund |
297,477 | 113,298 | (76,642) | 334,133 | |
| Capital fund | 509,334 | 509,334 | |||
| Repair reserve fund | 80,000 | (34,326) | 64,326 | 110,000 | |
| Extraordinary repair |
fund | 180,000 | (2,988) | 2,988 | 180,000 |
| Cyclical maintenance | fund | 50,000 | (9,328) | 9,328 | 50,000 |
| 1,116,811 | 66,656 | 1,183,467 | |||
| Restricted funds | |||||
| Elsie Westwood fund |
30,226 | 2,079 | 32,305 | ||
| Endowment funds |
|||||
| Permanent endowment |
fund. | 171,151 | 15,412 | 186,563 | |
| TOTAL FUNDS | 1,318,188 | 84,147 | - | 1,402,335 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| Unrestricted funds |
||||||
| General fund |
179,723 | (80,141) | 13,716 | 113,298 | ||
| Repair reserve fund | (34,326) | (34,326) | ||||
| Extraordinary repair fund |
(2,988) | (2,988) | ||||
| Cyclical maintenance | fund | (9,328) | (9,328) | |||
| 179,723 | (126,783) | 13,716 | 66,656 | |||
| Restricted funds | ||||||
| Elsie Westwood fund |
1,146 | (1,681) | 2,614 | 2,079 | ||
| Endowment funds |
||||||
| Permanent endowment |
fund | 15,412 | 15,412 | |||
| TOTAL FUNDS | 180,869 | (128,464) | 31,742 | 84,147 | ||
| Compuratives for movement |
in funds | |||||
| 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 |
160,000 | (4,832) | 24,832 | 180,000 | ||
| Cyclical maintenance | fund | 45,000 | (4,205) | 9,205 | 50,000 | |
| 1,067,413 | 49,398 | 1,116,811 | ||||
| Restricted funds | ||||||
| Elsie Westwood fund |
32,192 | (1,966) | 30,226 | |||
| Endowment funds |
||||||
| Permanent endowment |
fund | 184,967 | (13,816) | 171,151 | ||
| TOTAL FUNDS | 1,284,572 | 33,616 | 1,318,188 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| Unrestricted funds |
|||||
| General fund |
178,862 | (78,664) | (12,295) | 87,903 | |
| Repair reserve fund | (29,468) | (29,468) | |||
| Extraordinary repair fund |
(4,832) | (4,832) | |||
| Cyclical maintenance | fund | (4,205) | (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 | (I I8,007) | ~28,454) | 33,616 |
| Net | Transfers | ||||
|---|---|---|---|---|---|
| movement | between | At | |||
| At 1.1.20 | in funds | funds | 31.12.21 | ||
| Unrestricted funds |
|||||
| General fund |
283,079 | 201,201 | (150,147) | 334,133 | |
| Capital fund | 509,334 | 509,334 | |||
| Repair reserve fund | 70,000 | (63,794) | 103,794 | 110,000 | |
| Extraordinary repair fund |
160,000 | (7,820) | 27,820 | 180,000 | |
| Cyclical maintenance | fund | 45,000 | (13,533) | 18,533 | 50,000 |
| 1,067,413 | 116,054 | 1,183,467 | |||
| Restricted funds | |||||
| Elsie Westwood fund |
32,192 | 113 | 32,305 | ||
| Endowment funds |
|||||
| Permanent endowment |
fund | 184,967 | 1,596 | 186,563 | |
| TOTAL FUNDS | 1,284,572 | 117,763 | 1,402,335 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| Unrestricted funds |
|||||
| General fund | 358,585 | (158,805) | 1,421 | 201,201 | |
| Repair reserve fund | (63,794) | (63,794) | |||
| Extraordinary repair fund |
(7,820) | (7,820) | |||
| Cyclical maintenance | fund | ()3,533) | (13533) | ||
| 358,585 | (243,952) | 1,421 | 116,054 | ||
| Restricted funds | |||||
| Elsie Westwood fund |
2,361 | (2,519) | 271 | 113 | |
| Endowment funds |
|||||
| Permanent endowment |
fund | 1,596 | 1,596 | ||
| TOTAL FUNDS |