2020-12-31-accounts

CONTENTS			Page
Legal and Administration	Information
Report ofthe Governors			2-6
Statement ofGovernors'	Responsibilities
Independent Auditors Report			8-11
Statement ofFinancial	Activities		12
Balance Sheet			13
Notes to the Accounts			14-23
Detailed Income and Expenditure		Account

Charity Registration	Number	216930
Patron		Lady Rose Daventry	(passed away 2021)
Governors		Mr John Haynes (Chairman			to February 2020)
		Mrs Jane Corrigan (Chairman from February 2020)
		Mr Vincent Taylor (to		June	2020))
		Mrs Beryl Knight
		Keith Corrigan
		Mr Mark Gutteridge
		Canon Linda Wainscot		(resigned July 2020)
		Mrs Judith Knight
		Mr Alan Lewis
		Mr John Savin-Baden
		Cllr Richard Chattaway		(to	July 2020)
		Rev. David Poultney
		Mrs April Gold (appointed			August 2020)
Clerk		Vacant
Principal Address		The Administration	office
		All Saints Square
		Bedworth
		CU12 SNR
Bankers		HSBCpic
		City Branch
		55 Corporation Street
		Coventry
		CV1 1QJ
Solicitors		Band Hatton Button
		Earlsdon Park
		53-55Butts Road
		Coventry
		CV13BH
Auditors		Bishop Simmons Limited
		Mitre House
		School Road
		8ulkington
		CV129JB
Stockbrokers		Quilter Cheviot
		Provincial House
		37New Walk, Leicester, LE16TU

				Unresh ictcd		Other
				General	Unrestricted		Restricted		Endowment		2020	2019
			Notes	Funds		Funds		Funds		Funds	Total	Total
Income
Income and endowments			from:-
Grant received
Charitable activities:
Letting ofproperties			3	168,522							168,522	167,376
Sundry income				384							384	160
Investments:
Interest received				113							113	19
Investment h&come				18,165							18,165	25,580
Total income				187,184							187,184	193,135
Expenditure on
Charitable activities:
Letting ofproperties			4	(122,626)				(19,249)		(6,463)	(148,338)	(184,187)
Inveshnent management			costs							(1,200)	(1,200)	(1,173)
Total expenses				(122,626)				(19,249)		(7,663)	(149,538)	(185,360)
Net incomel(expenditure)				64,558				(19,249)		(7,663)	37,646	7,775
Net (losses)/gains	on	disposal ofinvestments		(218)						(1,479)	(1,697)	32,312
				64,340				(19,249)		(9,142)	35,949	40,087
Net (losses) gains	on	revaluation
ofinvestment			9,11	4,416		(2,197)				(33,613)	(31,394)	65,086
				68,756		(2,197)		(19,249)		(42,755)	4,555	105,173
Transfers between	funds
Net movement in	funds			68,756		(2,197)		(19,249)		(42,755)	4,555	105,173
Reconciliation of	funds:-
Total funds brought		fonvard		222,306		194,030		591,014		761,607	1,768,957	1,663,784
Total Funds carried fonvard				291,062		191,S33		571,765		718,852	1,773,512	1,768,957

		Notes		2020		2019
Fixed assets
Tangible assets
Housing property				770,667		792,386
Investments				699,666		744,153
				1,470,333		1,536,539
Current assets
Debtors		10	45,714		20,692
Short term investments		11	141,036		156,113
Cash at bank			137,965		82,991
			324,715		259,796
Creditors: amounts	falling due
within one year		12	(21,536)		(27,378)
Net current assets				303,179		232,418
Total net assets				1,773,512		1,768,957
Funds ofthe charity:
Unrestricted funds:
General funds				291,062		222,306
Extraordinary repair	fund	13		190,806		192,925
1000fund		13		1,027		1,105
Restricted funds		13		571,765		591,014
Endowment funds		13		718,852		761,607
Total funds				1,773,512		1,768,957

					2020	2019
Accommodation		charges			116,682	117,872
Service charge					51,840	49,504
					168,522	167,376
Income losses		from voids were	X8,277(2019$2,771)
Operating costs oflettings
					2020	2019
Services					59,450	79,586
Management Routine maintenance					20,320 42,856	24,939 53,950
Quinquennial Depreciation	repairs				25,712	25,712
					148,338	184,187
Analysis ofstaff costs
					2020	2019
Wages and training costs					29,455	41,231
Social Security costs					1,872	1,627
Pension costs					526	504
					31,853	43,362
				2020		2019
			Actual	Pull Time	Annual	Annual
			Number	Equivalent	Number	Number
Staffinvolved		in
management		ofproperties

6	Auditors' remuneration
						2020	2019
	Auditors' remuneration:
	In their capacity as auditors For accountancy and payroll services					3,700 2,120	3,500 1,000
7	Investment income
						2020	2019
	Dividends receivable from listed investinents					18,165	20,580
8	Housing property
		Project		Almshouses		Nurses Home
		Costs				&Parsonage	Total
	Freehold properties
	Cost brought foiward				1,054,586	231,018	1,285,604
	Addition in year		3,993
	Cost at31December 2020		3,993		1,054,586	231,018	1,285,604
	Depreciation 1 January 2020 Charge foryear				396,116 21,092	97,102 4,620	493,218 25,712
	31December 2020				417,208	101,722	518,930
	Net BoolcValue
	31December 2020		3,993		637,378	129296	770667
	Net Bool'Value
	31December 2019				658,470	133,916	792,386

9	Investments -Listed	on	arecognised stock exchange
				2020	2019
	Market value at start ofyear			744,153	642,558
	Additions at cost			20,993	157,762
	Disposals at cost			(29,670)	(112,084)
	Unrealised gains (losses)		on investments	(35,810)	55,917
	Market value at end ofyear			699,666	744,153
	Cost at end ofyear			607,004	612,721
10 Debtors: amounts falling due within one year
				2020	2019
					f.
	Gross accommodation	and service charge arrears			1,754
	Balance with stockbrokers			34,993	10,345
	Sundry debtors				1,426
	Prepayments			10,721	7,167
				45,714	20,692
11 Short term Investments
				2020	2019
	Listed on arecognised stock exchange
	Market value at start	of	year	156,113	144,818
	Additions at cost			(2,126)	2,126
	Disposals at carrying	value		(17,367)
	Unrealised gains (losses) on investments			4,416	9,169
	Market value at end	ofyear		141,036	156,113
	12 Creditors: amounts	falling due within one year
				2020	2019
	Gross accommodation		and service charge received in advance		2,299
	Other creditors			9,193	1,673
	Accruals			12,343	23,406
				21,536	27,378

13	Analysis	ofnet	assets behveen	assets behveen	funds			Housing
					Extraordinary			Grant	Capital
					General	Repair	1)000	Restricted	Endowment
					Fund	Fund	Fund	Fund	Fund	Total
	Tangible	fixed	assets		3,993			571,765	194,909	770,667
	Investments					190,806	1,027		507,833	699,666
	Current	assets			308,605				16,110	324,715
	Cunent	liabilities			(21,536)					(21,536)
					291,062	190,806	1,027	571,765	718,852	1,773,512
14	Analysis	ofCharitable		Funds
					Balance	Income	Expenditure	Transfers	Gains and	Balance
					bifwd				Losses	c/Avd
	Unrestricted Funds:
	General Fund				222,306	187,184	(122,626)		4,198	291,062
	Designated Funds:
	Extraordinary		repair	5md	192,925				(2,119)	190,806
	1,000 Housing Capital	Fund Grant Restricted Fund Endowment			1,105 591,014 761,607		(19,249) (7,663)		(78) (35,092)	1,027 571,765 718,852
					1,768,957	187,184	(149,538)		(33,091)	1,773,512

15	Accommodation in management	Accommodation in management	Accommodation in management	Accommodation in management				2020 No.	2019 No.
	Almshouse accommodation	units			- housing for	older persons		28	28
16	Financial instruments
	The carrying amounts ofthe	charity's financial				instruments	are as follows
								2020	2019
	Financial assets
	Measured at cost
	-Cash at bank							137,965	82,991
	Measured at fair value
	-Fixed asset listed investments				(note 9)			699,666	744,153
	-Short term listed investments			(note 11)				141,036	156,113
	Debt instruments measured	at		amortised cost:
	- Gross accommodation and		service charge in			arrears			1,754
	-Balance with stockbrokers		(note 10)					34,993	10,345
	-Sundry debtors (note 10)								1,426
	Financial liabilities
	Financial liabilities measured			at cost:
	Gross accommodation and	service charge received in advance							2,299
	Other creditors (note 12)							9,193	1,673
	Accruals (note 12)							12,343	23,406

				2020		2019
				f.
Income
Occupiers contributions		receivable		168,522		167,376
Miscellaneous				384		160
Grant
				168,906		167,536
Expenses
Audit and accountancy			5,820		4,500
Services ofClerk to the		Governors	3,000		20,439
Temporary Admin Officer			11,500
Light and heat			5,226		7,580
Water			(550)		4,166
Window cleaner			1,600		770
Telephone			2727		1,875
Insurance			7,457		7,065
General repairs and maintenance			42,856		53,950
Wages and staff training			31,327		42,858
Employer pension costs			526		504
Equipment			2,440
Quinquennial repairs
Sundries			4,533		6,698
Emergency Call Centre			2,743		2,743
Legal and professional	fees		1,421		5,327
Bank charges
Depreciation ofproperty			25,712		25,712
				(148,338)		(184,187)
Surplus (Deficit) for the year on housing activities				20,568		(16,651)
Dividends			18,165		25,580
(Loss) Gain on disposal		ofinvestments	(1,697)		32,312
Brokers charges			(1,200)		(1,173)
Interest receivable			113		19
				15,381		56,738
Net income for the year before
revaluation ofinvestments				35,949		40,087

	COMMENTS
The Charity Commission
Our review ofthe Charity Commission's list ofcharity trustees', indicates that the list needs to be update for the appointment ofApril Gold.	lpga~) tt ~~M, ~I c r;V~{e~~,,„'
The list oftrustees' can be updated either on completion ofthe annual return or throughout the year by logging onto the charity commission website and f'rom the homepage, selecting 'change charity details'.	~r ~g4~g ~OJAK, paar'~ q, ,„ 4~~~~I,(