| Page | ||
|---|---|---|
| Legal and administrative | information | |
| Trustees' report |
2-3 | |
| Independent examiner's |
report | |
| Statement offinancial activities |
||
| Balance sheet | ||
| Notes to the financial statements |
| Trustees | Mr David Swift | - Chairman | - Chairman | - Chairman | |
|---|---|---|---|---|---|
| Mrs Pauline Ridgwell |
|||||
| Mrs Angela Towler | |||||
| The Reverend | William | Gibbs | |||
| Mrs Ruth Hughes | |||||
| Miss Teresa Finnigan | |||||
| Mr Christopher | Trim | ||||
| Charity number | 217154 | ||||
| Official office | 3The Park | ||||
| Redbourn | |||||
| He rtford shire | |||||
| AL3 7LR | |||||
| Independent | examiner | Gilberts Chartered | Accountants | ||
| Pendragon House |
|||||
| 65 London Road | |||||
| St Albans | |||||
| Hertfordshire | |||||
| AL1 1U | |||||
| Bankers | HSBC UK Bank | Pic | |||
| 1 High Street | |||||
| Harpenden | |||||
| Hertfordshire | |||||
| AL5 2RS |
| General | General | |||||
|---|---|---|---|---|---|---|
| funds | funds | |||||
| 2021 | 2020 | |||||
| Notes | f | |||||
| Income from: | ||||||
| Property income | 56,117 | 54,709 | ||||
| Other operating | income | 49 | 15 | |||
| Dividends and |
interest | 23,292 | 23,693 | |||
| Total income | 79,458 | 78,417 | ||||
| Charitable activities |
||||||
| Almshouse and |
Lybury Field costs | 46,412 | 36,433 | |||
| Administration | expenses | 7,692 | 6,964 | |||
| Donations and |
gifts | 1,668 | 1,724 | |||
| Total charitable | expenditure | 55,772 | 45,121 | |||
| Other | ||||||
| Total resources | expended | 55,772 | 45,125 | |||
| Net incoming resources | before transfers | 23,686 | 33,292 | |||
| Net incoming/(outgoing) | resources | 23,686 | 33,292 | |||
| Other recognised gains |
and losses | |||||
| Revaluation of |
investments | 90,542 | 63,370 | |||
| Net movement | in funds | 114,228 | 96,662 | |||
| Transfer from restricted | funds | 6,121 | ||||
| Fund balances | at 1July 2020 | 4,010,612 | 3,913,950 | |||
| Fund balances | at 30June | 2021 | 4,130,961 | 4,010,612 |
| 2021 | 2020 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Notes | f | |||||||||
| Fixed assets | ||||||||||
| Tangible assets | 3,072, 194 | 3,072,441 | ||||||||
| Investments | 1,063,451 | 922,909 | ||||||||
| 4,135,645 | 3,995,350 | |||||||||
| Current assets | ||||||||||
| Debtors | 1,306 | 2,715 | ||||||||
| Cash at bank | and in | hand | 24,938 | 97,415 | ||||||
| 26,244 | 100,130 | |||||||||
| Creditors: amounts | falling due within one | |||||||||
| year | ||||||||||
| Other creditors | 2,771 | 50,590 | ||||||||
| Net current assets | 23,473 | 49,540 | ||||||||
| Total assets less current | liabilities | 4,159,118 | 4,044,890 | |||||||
| Restricted funds | ||||||||||
| Capital fund | 3,137 | 3,137 | ||||||||
| Skillman fund |
6,121 | |||||||||
| Property equity fund |
25,020 | 25,020 | ||||||||
| 28,157 | 34,278 | |||||||||
| Unrestricted | funds | 4,130,961 | 4,010,612 | |||||||
| 4,159,118 | 4,044,890 | |||||||||
| The financial | statements | were approved | by the Trustees | on 8 November | 2021 | |||||
| Trustee | Tr | tee |
| Almshouses | Lybury field | Total | Almshouses | tybury field | Total | ||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| 2021 | 2021 | 2020 | 2020 | ||||
| Property | income | 54,967 | 1,150 | 56,117 | 53,559 | 1,150 | 54,709 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| E | f | ||||
| Warden's salary |
7,270 | 6,833 | |||
| Depreciation | and impairment | 5,278 | 4,774 | ||
| Council tax | 1,111 | 1,068 | |||
| Water rates | 1,898 | 1,897 | |||
| Light and heat | 6,599 | 5,783 | |||
| Insura nce | 1,785 | 1,984 | |||
| Monitoring charges |
986 | 1,105 | |||
| Repairs | 17,037 | 8,297 | |||
| Upkeep of garden and grounds | 4,410 | 4,654 | |||
| Television licence |
38 | 38 | |||
| 46,412 | 36,433 | ||||
| 6 | Administration | expenses | |||
| 2021 | 2020 | ||||
| f | f | ||||
| Clerk's salary | 5,724 | 5,301 | |||
| Bank charges | 30 | ||||
| Subscriptions | 202 | 189 | |||
| General expenses | 536 | 274 | |||
| Accountancy | 1,200 | 1,200 | |||
| 7,692 | 6,964 | ||||
| 7 | Other | ||||
| 2021 | 2020 | ||||
| E | f | ||||
| Disposal of tangible | fixed assets |
| 2021 | 2020 | ||
|---|---|---|---|
| E | E | ||
| Redbourn | Care Group | 150 | 150 |
| St Mary's | PCC | 7 | 7 |
| Sundry donations | 1,068 | 1,168 | |
| Sundry gifts | 116 | 52 | |
| Christmas | gifts | 327 | 347 |
| 1,668 | 1,724 |
| 2021 | 2020 |
|---|---|
| E | |
| 12,994 | 12,134 |
| Tangible fixed assets | ||||
|---|---|---|---|---|
| Freehold land |
Plant and | Total | ||
| and buildings | equipment | |||
| Cost or valuation | ||||
| At 1July 2020 | 3,030,000 | 103,687 | 3,133,687 | |
| Additions | 5,031 | 5,031 | ||
| At 30June 2021 | 3,030,000 | 108,718 | 3,138,718 | |
| Depreciation and impairment |
||||
| At 1July 2020 | 61,246 | 61,246 | ||
| Depreciation charged |
in the year | 5,278 | 5,278 | |
| At 30June 2021 | 66,524 | 66,524 | ||
| Carrying amount |
||||
| At 30June 2021 | 3,030,000 | 42,194 | 3,072,194 | |
| At 30June 2020 | 3,030,000 | 42,441 | 3,072,441 |
| it | Fixed as | set investments | |||||
|---|---|---|---|---|---|---|---|
| Accumulation | Income shares | Property | fund | Total | |||
| shares | |||||||
| Cost or valuation | |||||||
| At 1July | 2020 | 208,890 | 644,705 | 69,314 | 922,909 | ||
| Additions | 50,000 | 50,000 | |||||
| Valuation | changes | 27,413 | 59,118 | 4,011 | 90,542 | ||
| At 30June 2021 | 286,303 | 703,823 | 73,325 | 1,063,451 | |||
| 2021 | 2020 | ||||||
| f | f | ||||||
| Historic | cost of investments: | ||||||
| Accumulation shares |
153,757 | 103,757 | |||||
| Income shares | 43,997 | 43,997 | |||||
| Property | fund | 75,000 | 75,000 | ||||
| 272,754 | 222,754 | ||||||
| 12 | Debtors | ||||||
| 2021 | 2020 | ||||||
| Amounts | falling due within one year: | E | E | ||||
| Prepayrnents and accrued income |
1,306 | 2,715 | |||||
| 13 | Other creditors falling due within one year | ||||||
| 2021 | 2020 | ||||||
| f | |||||||
| Trade creditors | 46,661 | ||||||
| Accruals | and deferred Income | 2,771 | 3,929 | ||||
| 2,771 | 50,590 |
| Balance at | Transfers | Balance at | ||
|---|---|---|---|---|
| 1July 2020 | 30June 2021 | |||
| f | ||||
| Capital fund | 3,137 | 3,137 | ||
| Skillman | fund | 6,121 | (6,121) | |
| Property | equity fund | 25,020 | 25,020 | |
| 34,278 | (6,121) | 28,157 |
| Movement | in funds | |||||||
|---|---|---|---|---|---|---|---|---|
| Balance at | Incoming | Resources | Transfers | Revaluations, | Balance at | |||
| 1July 2020 | resources | expended | gains and losses | 30June 2021 | ||||
| f | ||||||||
| Revaluation | reserve | - Land | ||||||
| and Buildings | 3,004,980 | 3,004,980 | ||||||
| Revaluation | reserve- | |||||||
| lnvestrnents | 700,155 | 90,542 | 790,697 | |||||
| Genera I reserve |
305,477 | 79,458 | (55,772) | 6,121 | 335,284 | |||
| 4,010,612 | 79,458 | (55,772) | 6,121 | 90,542 | 4,130,961 |