| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 6 |
| Report ofthe Independent Auditors |
7 | to | 9 |
| Statement ofFinancial Activities | 10 | ||
| Balance Sheet | |||
| Notes to the Financial Statements | 12 | to | 19 |
| Detailed Statement ofFinancial Activities | 20 |
| 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Total | ||||
| funds | funds | fund | funds | funds | ||||
| Notes | ||||||||
| INCOME AND | ||||||||
| ENDOWMENTS FROM | ||||||||
| Charitable activities |
||||||||
| Letting ofproperties | 169,771 | 169,771 | 168,906 | |||||
| Grant income | 35,000 | 35,000 | ||||||
| Investment income |
21,785 | 21,785 | 18,277 | |||||
| Total | 191,556 | 35,000 | 226,556 | 187,183 | ||||
| EXPENDITURE ON | ||||||||
| Charitable activities |
||||||||
| Letting ofproperties | 141,975 | 19,249 | 6,463 | 167,687 | 148,338 | |||
| Investment management |
costs | 1,200 | 1,200 | 1,200 | ||||
| Total | 141,975 | 19,249 | 7,663 | 168,887 | 149,538 | |||
| Net gains/(losses) on investments |
2,228 | 4,511 | 6,739 | ~1,697) | ||||
| NET | ||||||||
| INCOME/(EXPENDITURE) | 51,809 | 15,751 | (3,152) | 64,408 | 35,948 | |||
| Other recognised gains/(losses) |
||||||||
| Gains/(losses) on revaluation fixed assets |
of | 17,365 | 53,676 | 71,041 | ~31,394) | |||
| Net movement in funds |
69,174 | 15,751 | 50,524 | 135,449 | 4,554 | |||
| RECONCILIATION | OF | |||||||
| FUNDS | ||||||||
| Total funds brought forward | 482,894 | 571,765 | 718,852 | 1,773,511 | 1,768,957 | |||
| TOTAL FUNDS CARRIED | ||||||||
| FORWARD | 552,068 | 587,516 | 769,376 | 1,908,960 | 1,773,511 |
| BALANCE SHEET 31STDECEMBER 2021 |
|||
|---|---|---|---|
| 2021 | 2020 | ||
| Notes | |||
| FIXEDASSETS | |||
| Tangible assets | 783,554 | 770,667 | |
| Investments | 761,842 | 699,666 | |
| 1,545,396 | 1,470,333 | ||
| CURRENT ASSETS | |||
| Debtors | 61,630 | 45,713 | |
| Investments | 139,975 | 141,036 | |
| Cash at bank and in hand | 171,743 | 137,965 | |
| 373,348 | 324,714 | ||
| CREDITORS | |||
| Amounts falling due within one year |
10 | (9,784) | (21,536) |
| NET CURRENT ASSETS | 363,564 | 303,178 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 1,908,960 | 1,773,511 | |
| NET ASSETS | 1,908,960 | 1,773,511 | |
| FUNDS | 12 | ||
| Unrestricted funds |
552,068 | 482,894 | |
| Restricted funds | 587,516 | 571,765 | |
| Endowment funds |
769,376 | 718,852 | |
| TOTAL FUNDS | 1„908,960 | 1,773,511 |
| INVESTM | ENT INCOME | ||
|---|---|---|---|
| 2021 | 2020 | ||
| Dividends | received | 21,780 | 18,164 |
| Interest receivable | 5 | 113 | |
| 21,785 | 18,277 |
| STAF | F COSTS | ||
|---|---|---|---|
| 2021 | 2020 | ||
| Wages | and salaries | 31,322 | 31,328 |
| Other | pension costs | 443 | 526 |
| 31,765 | 31,854 |
| The average month | ly number ofem |
ployees during the year was as follows: |
||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Staff: Management | ofproperties | 3 | 4 | |
| No employees received emoluments |
in excess off60,000. | |||
| TANGIBLE FIXEDASSETS | ||||
| Freehold | ||||
| property | ||||
| COST | ||||
| At 1stJanuary 2021 | 1,289,597 | |||
| Additions | 38,599 | |||
| At 31stDecember | 2021 | 1,328,196 | ||
| DEPRECIATION | ||||
| At 1stJanuary 2021 | 518,930 | |||
| Charge for year | 25,712 | |||
| At 31stDecember | 2021 | 544,642 | ||
| NET BOOKVALUE | ||||
| At 31stDecember | 2021 | 783,554 | ||
| At 31stDecember | 2020 | 770,667 |
| Chapel Street | Nurses Home & | ||||
|---|---|---|---|---|---|
| Cottages | Almshouses | Parsonage | Total | ||
| Freehold properties | breakdown | ||||
| COST | |||||
| At 1 January 2021 | 3,993 | 1,054,586 | 231,018 | 1,289,597 | |
| Additions in the year |
38,599 | 38,599 | |||
| At 31December 2021 | 42,592 | 1,054,586 | 231,018 | 1,328,196 | |
| DEPRECIATION | |||||
| At 1 January 2021 | 417,208 | 101,722 | 518,930 | ||
| Charge for the year | 21,092 | 4,620 | 25,712 | ||
| At 31December 2021 | 438,300 | 106,342 | 544,642 | ||
| NKT BOOK VALUE | |||||
| At 31December 2021 | 42,592 | 616,286 | 124,676 | 783,554 | |
| At 31December 2020 | 3,993 | 637,378 | 129,296 | 770,667 |
| 7. | FIXEDASSETINVESTMENTS | FIXEDASSETINVESTMENTS | FIXEDASSETINVESTMENTS | ||
|---|---|---|---|---|---|
| Listed | |||||
| investments | |||||
| MARKET VALUE | |||||
| At 1stJanuary 2021 | 699,666 | ||||
| Additions | 52,705 | ||||
| Disposals | (72,686) | ||||
| Revaluations | 82,157 | ||||
| At 31stDecember | 2021 | 761,842 | |||
| NET BOOK VALUE | |||||
| At 31stDecember | 2021 | 761,842 | |||
| At 31stDecember | 2020 | 699,666 | |||
| There were no investment | assets outside the UK. | ||||
| Cost or valuation | at 31st | December 2021 is represented | by: | ||
| Listed | |||||
| investments | |||||
| Valuation in 2021 |
170,146 | ||||
| Cost | 591,696 | ||||
| 761,842 |
| 8. | DEBTORS:AMOUNTS FA | LLING DUE WITHIN | ONE YEAR | |||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| Balance with stockbrokers | 50,458 | 34,993 | ||||
| P repayments | 11,172 | 10,720 | ||||
| 61,630 | 45,713 | |||||
| 9. | CURRENT ASSETINVESTMENTS | |||||
| 2021 | 2020 | |||||
| Listed investments | 139,975 | 141,036 | ||||
| 10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||||
| 2021 | 2020 | |||||
| Trade creditors | 3,431 | 9,193 | ||||
| Taxation and social security | (24) | 465 | ||||
| Other creditors | 6,377 | 11,878 | ||||
| 9,784 | 21,536 | |||||
| 11. | ANALYSIS OFNET ASSETSBETWEEN FUNDS | |||||
| 2021 | 2020 | |||||
| Unrestricted | Restricted | Endowment | Total | Total | ||
| funds | funds | fund | funds | funds | ||
| Fixed assets | 7,592 | 587,516 | 188,446 | 783,554 | 770,667 | |
| Investments | 215,804 | 546,038 | 761,842 | 699,666 | ||
| Current assets Current liabilities |
338,456 ~9,764) |
34,892 | 373,348 ~9,7B4) |
324,714 ~21,636) |
||
| 552,068 | 587,516 | 769,376 | 1,908,960 | 1,773,511 |
| Net | Transfers | |||||
|---|---|---|---|---|---|---|
| movement | between | At | ||||
| At 1.1.21 | in funds | funds | 31.12.21 | |||
| Unrestricted | funds | |||||
| General fund |
291,060 | 45,204 | (13,890) | 322,374 | ||
| 1,000Fund | 1,027 | 95 | 1,122 | |||
| Extraordinary | Repair Fund | 190,807 | 23,875 | 13,890 | 228,572 | |
| 482,894 | 69,174 | 552,068 | ||||
| Restricted funds | ||||||
| Housing Grant Restricted Fund |
571,765 | (19,249) | 552,516 | |||
| New Project Fund | 35,000 | 35,000 | ||||
| 571,765 | 15,751 | 587,516 | ||||
| Endowment | funds | |||||
| Capital Endowment | Fund | 718,852 | 50,524 | 769,376 | ||
| TOTAL FUNDS | 1,773,511 | 135,449 | 1,908,960 | |||
| Net movement | in funds, included | in the above are as follows: | ||||
| Incoming | Resources | Gains and | Movement | |||
| resources | expended | losses | in funds | |||
| Unrestricted | funds | |||||
| General fund |
191,556 | (141,975) | (4,377) | 45,204 | ||
| 1,000Fund | 95 | 95 | ||||
| Extraordinary | Repair Fund | 23,875 | 23,875 | |||
| 191,556 | (141,975) | 19,593 | 69,174 | |||
| Restricted funds | ||||||
| Housing Grant Restricted Fund |
(19,249) | (19,249) | ||||
| New Project Fund | 35,000 | 35,000 | ||||
| 35,000 | (19,249) | 15,751 | ||||
| Endowment | funds | |||||
| Capital Endowment | Fund | (7,663) | 58,187 | 50,524 | ||
| TOTAL FUNDS | 226,556 | ~168,187) | 77,780 | 135,449 |
| Net | |||||
|---|---|---|---|---|---|
| movement | At | ||||
| At 1.1.20 | in funds | 31.12.20 | |||
| Unrestricted | funds | ||||
| General fund | 222,305 | 68,755 | 291,060 | ||
| 1,000 Fund Extraordinary |
Repair | Fund | 1,104 192,927 |
(77) ~2,)20) |
1,027 190,807 |
| 416,336 | 66,558 | 482,894 | |||
| Restricted funds | |||||
| Housing Grant Restricted Fund |
591,014 | (19,249) | 571,765 | ||
| Endowment | funds | ||||
| Capital Endowment | Fund | 761,607 | (42,755) | 718,852 | |
| TOTAL FUNDS | 1,768,957 | 4,554 | 1,773,511 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| Unrestricted | funds | |||||
| General fund | 187,183 | (122,626) | 4,198 | 68,755 | ||
| 1,000Fund Extraordinary |
Repair | Fund | (77) ~2,)20) |
(77) ~2,120) |
||
| 187,183 | (122,626) | 2,001 | 66,558 | |||
| Restricted funds | ||||||
| Housing Grant Restricted Fund |
(19,249) | (19,249) | ||||
| Endowment | funds | |||||
| Capital Endowment | Fund | (7,663) | (35,092) | (42,755) | ||
| TOTAL FUNDS | 187,183 | i)49,338) | ~33,09)) | 4,554 |
| 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|
| No. | No. | |||||||
| Almshouse | accommodation | units | - housing | for | older | persons | 28 | 28 |
| 28 | 28 |
| FORTHE YEAR ENDED 31STD | ECEMBER 2021 | |||
|---|---|---|---|---|
| 2021 | 2020 | |||
| INCOME AND ENDOWMENTS | ||||
| Investment income |
||||
| Dividends received |
21,780 | 18,164 | ||
| Interest receivable | 5 | 113 | ||
| 21,785 | 18,277 | |||
| Charitable activities |
||||
| Letting ofproperties | 169,497 | 168,522 | ||
| Grants | 35,000 | |||
| Miscellaneous | 274 | 384 | ||
| 204,771 | 168,906 | |||
| Total incoming resources |
226,556 | 187,183 | ||
| EXPENDITURE | ||||
| Charitable activities |
||||
| Wages | 31„322 | 31,328 | ||
| Pensions | 443 | 526 | ||
| Rates and water | 1,383 | (550) | ||
| Insurance | 10,556 | 7,457 | ||
| Light and heat | 6,442 | 5,226 | ||
| Telephone | 3,759 | 2,727 | ||
| Sundries | 5,986 | 4,532 | ||
| Legal and professional | fees | 2,500 | 1,421 | |
| General repairs and maintenance | 55,522 | 42,856 | ||
| Emergency call centre |
2,057 | 2,743 | ||
| Window cleaner | 2,015 | 1,600 | ||
| Equipment | 1,360 | 2,440 | ||
| Services ofClerk to the | Trustees | 3,000 | ||
| Audit and accountancy | 6,630 | 5,820 | ||
| Temporary Admin Officer |
12,000 | 11,500 | ||
| Broker charges | 1,200 | 1,200 | ||
| Freehold property | 25,712 | 25,712 | ||
| 168,887 | 149,538 | |||
| Total resources expended | 168,887 | 149,538 | ||
| Net income before gains and losses | 57,669 | 37,645 | ||
| Realised recognised Realised gains/(losses) |
gains and losses on fixed asset investments |
6,739 | ~1,697) | |
| Net income | 64,408 | 35,948 |