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|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||
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|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||||
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|||||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|
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|||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|
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||||||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|||||
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|---|---|---|---|---|---|---|---|
|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|
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|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|
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|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|
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|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|
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|||||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|
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||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,(|