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|||Page||
|---|---|---|---|
|Reference and Administrative
Details||||
|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|
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|||||||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|
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|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|
##
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|||2021|2020|
|---|---|---|---|
||||g|
|Wages|and salaries|49,314|43,967|
|Other|pension costs|352|495|
|||49,666|44,462|
##
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|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|
##
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|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|
##
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|||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||||||
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