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|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|6|
|Report ofthe Independent<br>Auditors|7|to|9|
|Statement ofFinancial Activities||10||
|Balance Sheet||||
|Notes to the Financial Statements|12|to|19|
|Detailed Statement ofFinancial Activities||20||





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||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Endowment|Total|Total|
|||||funds|funds|fund|funds|funds|
||||Notes||||||
|INCOME AND|||||||||
|ENDOWMENTS FROM|||||||||
|Charitable<br>activities|||||||||
|Letting ofproperties||||169,771|||169,771|168,906|
|Grant income|||||35,000||35,000||
|Investment<br>income||||21,785|||21,785|18,277|
|Total||||191,556|35,000||226,556|187,183|
|EXPENDITURE ON|||||||||
|Charitable<br>activities|||||||||
|Letting ofproperties||||141,975|19,249|6,463|167,687|148,338|
|Investment<br>management|costs|||||1,200|1,200|1,200|
|Total||||141,975|19,249|7,663|168,887|149,538|
|Net gains/(losses)<br>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<br>gains/(losses)|||||||||
|Gains/(losses)<br>on revaluation<br>fixed assets||of||17,365||53,676|71,041|~31,394)|
|Net movement<br>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|





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||BALANCE SHEET<br>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<br>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<br>funds||552,068|482,894|
|Restricted funds||587,516|571,765|
|Endowment<br>funds||769,376|718,852|
|TOTAL FUNDS||1„908,960|1,773,511|





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|INVESTM|ENT INCOME|||
|---|---|---|---|
|||2021|2020|
|Dividends|received|21,780|18,164|
|Interest receivable||5|113|
|||21,785|18,277|





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|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<br>number ofem|ployees<br>during the year was as follows:|||
|---|---|---|---|---|
||||2021|2020|
|Staff: Management|ofproperties||3|4|
|No employees<br>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|



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|||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<br>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<br>in 2021||||170,146|
||Cost||||591,696|
||||||761,842|





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|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<br>Current<br>liabilities|338,456<br>~9,764)||34,892|373,348<br>~9,7B4)|324,714<br>~21,636)|
|||552,068|587,516|769,376|1,908,960|1,773,511|





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|||||Net|Transfers||
|---|---|---|---|---|---|---|
|||||movement|between|At|
||||At 1.1.21|in funds|funds|31.12.21|
|Unrestricted|funds||||||
|General<br>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<br>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<br>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<br>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|





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|||||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<br>Extraordinary|Repair|Fund|1,104<br>192,927|(77)<br>~2,)20)|1,027<br>190,807|
||||416,336|66,558|482,894|
|Restricted funds||||||
|Housing<br>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<br>Extraordinary|Repair|Fund|||(77)<br>~2,)20)|(77)<br>~2,120)|
||||187,183|(122,626)|2,001|66,558|
|Restricted funds|||||||
|Housing<br>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|





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||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|
||||||||No.|No.|
|Almshouse|accommodation|units|- housing|for|older|persons|28|28|
||||||||28|28|





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|||FORTHE YEAR ENDED 31STD|ECEMBER 2021||
|---|---|---|---|---|
||||2021|2020|
|INCOME AND ENDOWMENTS|||||
|Investment<br>income|||||
|Dividends<br>received|||21,780|18,164|
|Interest receivable|||5|113|
||||21,785|18,277|
|Charitable<br>activities|||||
|Letting ofproperties|||169,497|168,522|
|Grants|||35,000||
|Miscellaneous|||274|384|
||||204,771|168,906|
|Total incoming<br>resources|||226,556|187,183|
|EXPENDITURE|||||
|Charitable<br>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<br>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<br>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<br>Realised gains/(losses)|gains and losses<br>on fixed asset investments||6,739|~1,697)|
|Net income|||64,408|35,948|