2020-12-31-accounts - Alvechurch Almshouse Charity

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					Restricted	Unrestrict:ed	Total	Total
					Funds	funds	funds	funds
				Notes	2020	2020	2020	2019
Incoming resources
Contributions					7,226	35,381	42,607	41,364
Investment income					8,415	736	9,151	8,891
Interest receivable					34	54	88	145
Other income						203	203
Transfer from restricted	funds
Transfer from unrestricted		funds			13,390		13,390	12,920
Total incoming resources					29,065	36,374	65,439	63,320
Resources expended
Water rates						2,325	2,325	2,138
Maintenance						8,736	8,736	13,069
Heat and light					8,108		8,108	7,603
Interest payable						4,871	4,871	4,931
Administration						6,207	6,207	6,739
Transfer to unrestricted	funds
Transfer to restricted funds						13,390	13,390	12,920
Total resources expended					8,108	35,529	43,637	47,400
Net incoming/(outgoing)	resources
for the year				6	20,957	845	21,802	15,920
Other recognised gains	and	losses
Net gains/(losses) on revaluation			ofinvestments	10		(13,761)	(13,761)	28,844
Net movement offunds	for the		year		20,957	(12,916)	8,041	44,764
Retained funds brought	forward				189,092	118,785	307,877	263,113
Retained funds carried	forward				210,049	105,869	315,918	307,877

					2020		2019
			Notes		f		E
Fixed assets
Tangible assets					55,881		56,081
Current assets
Debtors			9	1,664		1,370
Investments			10	235,012		240,358
Cash at bank and in	hand			62,904		49,499
				299,580		291,227
Creditors: Amounts	falling due
within one year			11	(3,366)		(2,777)
Net current assets					296,214		288,450
Total assets less current liabilities					352,095		344,531
Creditors: Amounts	falling due
after one year			12		(36,177)		(36,654)
Net assets					315,918		307,877
Funds
Extraordinary repair	fund		13		150,168		136,673
Heating and lighting	fund		14		2,259		3,141
Cyclical repairs and	maintenance	fund	15		57,622		49,278
Retained funds			16		105,869		118,785
					315,918		307,877
On behalf ofthe board
Mrs A Humphries —Trustee		4e
Mr TThurrell —Trustee

3.	Staff costs
					2020	2019
					f	f
	Wages and salaries				2,000	1,750
	The average number	ofemployees		during the year was as follows:
	Clerk to the Trustees
	Treasurer
4.	Income from investments
					2020	2019
					f	f
	Income from designated		charity funds		9,151	8,891
5.	Interest payable
					2020	2019
					f	f
	Housing Association	loan	interest		4,871	4,931

	Net incoming	resources for the year is stated after charging:	resources for the year is stated after charging:
				2020	2019
				f	f
	Depreciation			200	200
	Accountants			400	400
7.	Taxation
	The Charity is exempt from taxation.
8.	Tangible fixed	assets
					Freehold
					Property
					f
	Cost
	At 1January 2020				175,326
	Housing Association		Grant		(115,245)
	Net cost at31	December 2020			60,081
	Depreciation
	At 1January 2020				4,000
	Charge for the	year			200
	At 31December 2020				4,200
	Net book value
	At 31December 2020				55,881
	At 31December 2019				56,081

15.	Cyclical repairs	and ma	intenance fund
				2020	2019
				f	f
	At 1January 2020			49,278	41,185
	Interest received	in the	year	34	73
	Transfer from retained		funds	8,310	8,020
	At 31December	2020		57,622	49,278
16.	Retained funds
				2020	2019
				f	f
	At 31January 2020			118,785	94,806
	Surplus/(deficit)	for the	year	(12,916)	23,979
	At 31December	2020		105,869	118,785
17.	Contingent liabilities