2021-03-31-accounts - Henry Burton Almshouse Charity

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CONTENTS	CONTENTS			Page
Officers and professional			advisors
Report of	the Trustee			4-6
Report of	the Auditors	to	the Trustee	7-11
Statement	ofcomprehensive income			12
Statement	ofchanges	in	reserves	13
Statement	offinancial	position		14
Statement	ofcash flows			15-16
Notes to the financial		statements		17-25

The followin a es do not form	art ofthe
statuto financial statements:-

HENRY BURTON ALMSHOUSE CHARITY	HENRY BURTON ALMSHOUSE CHARITY	HENRY BURTON ALMSHOUSE CHARITY	HENRY BURTON ALMSHOUSE CHARITY
Statement ofComprehensive Income
For the year ended	31st	March 2021
					2021	2020
				Notes		E
Turnover					144,713	140,795
Less Operating	costs				(104,551)	(124,298)
Operating surplus					40,162	16,497
Movement in fair	value	of finanrxal	instruments	7	177.134	(43,670)
Interest recewable and		similar income		4	14.236	13.540
Interest payable	and similar charges			5	(1,064)	(1.293)
Surplus for the year before taxation					230.468	(14,926)
Taxation
Surplus for the year after taxation					230,468	(14,926)
Total Comprehensive		Income for the year			230,468	(14,926)

e year ended 31st M	arch 2021
Reserves
			Extraordinary
			Repair	Unrestricted
			Restricted	Revenue
			Reserve	Reserve	Total
			E	E
At 1st April 2020			502,355	451,667	954,022
Defiat from statement	ofcomprehensive	Income		230,468	230.468
Transfers to restricted			37.669	(37,669I
Transfer of Revaluation	on Restricted shares		177,134	(177,134/
At 31st March 2021			717,158	467,332	1,184,490

HENRY BURTON ALMS	HOUSE CHARITY
Stalement of Financial	Position
Asst 31st Mama 2091
			Notes		2021	2020
Fixed Assets					5	6
Bu Id ng Improvements gross cost less depredation					314 744	338.084
					314 744	338084
Investments			7		971.158	756.355
					1.285.902	\ 094,439
Current assets
Debtors			8	5367		4 131
Cash at Bank				127.217		104571
				132584		108,702
Current liabilities
credtlors amounts fslsng due with n one year Grants amounts falling due wiltun one year			9 10	(33663) ~ts,sst		i34 1091 ~I4 581
				(48 244)		i48690)
					84 340	60012
Net currant assets
Tolal assets less current	liabililles				I 370242	I 154451
Non.current liabilities
cremlors arne nls faaing due aller more ha Grants amguntsfalsngdueahermuelhmane		one year year	10 10		(11185) ~I74 567	il I 201) ~189148
					(1857521	(200,429)
Provisions for liabilities	and charges
Nel assets					I 184,490	954.022
Capital snd Reserves
Restncled Reserve					717 158	502.355
Re en e Reser e					467 332	451,667
					I 184490	954.022

Year Ended 31 March 2	021
							12m ended	12m ended
					Note		31 Mar 2021	31 Mar 2020
Net cash inflow from operating			activities				47,231	31,822
Returns on investment	and	servicing offinance
Interest paid							(1,064)	(1,293)
Interest received							14,236	13,540
Tax paid							0	0
Net cash inflow/(oufflow)	from		returns		on investment	ar	13,172	12,247
servicing offinance
Capital expenditure and	financial			investment
Purchase of investments							(37,669)	(21,388)
Government grants received							0	0
Grants repaid							0	0
Purchase ofcomponents							0	(7,399)
Sale of investments							0	2,740
Sale of housing properties	and fixed			asset	investments		0	0
Homebu)/ loans							0	0
Net cash inflow/(outflow)	from		investing		activities		(37,669)	(26,047)
Free cash inflow/(oufflow)		before		financing			22,734	18,022
Financing Housing loans received Housing loans repaid Free cash (oufflow)/inflow		from	financing				0 ~88 (88)	0 ~4,048 (4,045)
Increase in cash							22,646	13,977

	FROM OPERATING	ACTIVITI	ES
				12m ended	12m ended
				31 Mar 2021	31 Mar 2020
				6'000	6'000
1	Operating surplus			40,162	16,497
	Depredation oftangible assets			23,340	24,044
	Surplus on sale ofassets			0	0
	(mcrease)/decrease	in debtors		(1,236)	10,886
	increase/(decrease)	in creditors		(454)	(5,024)
	Increase In stock			0	0
	Non cash movement	in pension		0	0
	Amortisation ofgrant			(14,581)	14,581)
	Net cash inflow from	operabng	activities	47,231	31,822

				12m ended	12m ended
				31 Mar 2021	31 Mar 2020
				B000	6'000
2	(Decrease)/Increase	in cash in the year		22,646	13.977
	Cash inflow from changes		in debt	88	4.045
	Non cash movement	on debt		0	0
	Movement in net debt in the period			22,734	18.022
	Net debt at start of	year		93.202	75.180
	Net debt at end ofyear			115,936	93,202

		31 Mar 2020	Cash flows	Non cash		31 Mar 2021
		B000	B000	amendments		B000
Cash in hand and at bank		104,571	22,646		0	127,217
		104,571	22,646		0	127,217
Debt due	m less than one year	(88)	(8)			(96)
Debt due	in more than one year	(11,281)	96		0	(11,185)
Balance	at end ofyear	93,202	22,734		0	115,936

Fully rented housing	accommodation	accommodation	accommodation	accommodation		2021			2020
						Turnover	Operating	Operating	Turnover		Operating	Operating
							Costs	Surplus			Costs	Surplus
							E	E	E		E	E
Soaal housing lettings	(Note 2(b))					144,713	(104551)	40.162	140.795		(124,298)	16,497
						144.713	(104.551)	40 162	140.795		(124.298)	16.497
Income and expenditure		from social			housing	)ettings
											2021	glÃlg
							General
							needs and		Other soaal
							sheltered	Supported	housing	letting
							Irons Iig	Housing	ncome		Total	Total
Ino elbe							E	E	E		E	E
Rent receivable							117,681				117.681	114.074
Service charges income							12,451				12,451	12,140
Income for suppoh services
Other revenue grants
Amorlised Grant							14,581				14,581	14,581
Turnover from soaat housing			lettrngs				144713				144713	140795
Cost
Management fee							34,371				34,371	33,370
Service charge costs							17,006				17,006	13.851
Routine ma ntenance							19,679				19,679	40,878
Maior repairs expenditure							560				560	5,181
Bad debts							165				165	548
Depreoation of housing		properties					23,340				23,340	24,044
Impairment of housing	properties
Other costs							9,430				9,430	6,426
Operating costs on social			housing	activities			104,551				104,551	124,298
Operating surptus on somal housing				letbngs			40,162				40.162	16497
Rent loss due to voids	Imemorandum				note)		618				618	1,135

3	Operating surplus	Operating surplus
					2021	2020
					E	E
	The operating surplus		is stated	after charging:-
	Depreciation				23,340	24,044
	Bad Debt Provision				165	548
	Auditors'	remuneration
	- In their	capacity as	auditors		3,856	4,080
4	Interest	receivable	and similar income
					2021	2020
					E	E
	Income	from hire of	communal	hall	(35)	140
	Income	from listed investments			14,058	13,190
	Income	from building	society account		211	210
	Sundry	Income			2
					14,236	13,540
d	Interest	payable and similar		charges
					2021	2020
					E	E
	On loans repayable		in instalments
	wholly or partly in more than five years				1,064	1,293

Tangible Fixed Assets-	2021	2020
Building Improvements	6	6
Cost
At 1 Apnl 2020	856,413	857,247
Component Additions Component Disposals		7,399 ~8,233
At 31st March 2021	~856413	856,413
Depreciation
At 1 Apnl 2020	518,329	502.518
Charge for year Component Disposals	23,340	24,044 ~8,233
At 31st March 2021	541 669	518,329
Net book value
At 31st March 2021	~314744	338,084

Listed Investments	Listed Investments					M&G Charity		M&G Chanty
		C	O. I	F	C.O. I F.	Multi Asset		Multi Asset
		Accum		ERF	Accum ERF	Accum ERF		Accum. ERF
			No		6	No.		6
At 1stApnl 2020			1,806		301,149	1,343		100,273
Additions
Disposals
Revaluation					72,947			28,587
At 31stMarch	2021		1,806		374,096	1,343		128,860
						M&G Charity		M&G Chanty
		C.O.I.F			C.O.I F	Multi Asset		Multi Asset
		Income			Income	Income		Income
			No.		6	No.		6
At 1stApril 2020			17.681		262.682	128.464		89,912
Additions			1,481		26.592
Disposals
Revaluation					54.232			20,439
At 31stMarch	2021		19,162		343,506	128,464
		COIF			C.O. I F.			Total Listed
		Accum		CMF	Accum. CMF			Investments
			No		6			6
At 1st April 2020				15	2,339	At 1stApnl 2020		756,355
Additions				54	11.077	Additions		37,669
Disposals						Disposals
Revaluation					929	Revaluation		177,134
At 31stMarch	2021			69	14,345	At 31st March	2021	971.158
						2021		2020
M&G Charity	Multi Asset	Income		Shares		85.90	p	6999	p
M&G Chanty	Multi Asset	Accumulation			Shares	9,595.41	p	7,466 72	p
COIF Income Shares COIF Accumulation Shares						1,792.64 20,714.09	p p	1,485.64 16,661.64	p p
Histoncal Cost of Investments						6328.801		9»

8	Debtors		2021	2020
			6	8
	Rent arrears Less: bad debts provision		2,140 ~1,532	2,455 ~1,838
			608	625
	Service Charge Debtor		969
	Prepayments and accrued income		3,790	3,506
			5367	4,131
9	Creditors: Amounts	falling	2021	2020
	due within one year		8	6
	Prepayments of rent		10,141	8,835
	Sundry creditors and	accruals	23,426	23,893
	Service Charge Creditor			1,293
	Fresh Pl C loan due	within one year	96	88
			33,663	34,109

Creditors: Amounts	falling	falling
due after more than	one	year							2021	2020
									E	E
Housing loans									11,185	11,281
The loans advanced by Fresh			PLC to finance the improvements						to the
Almshouses are secured		by specific charges on the Charity's							properties,
They are repayable as follows			in	bi-annual		instalments	over	30and 60years,
interest being charged	at	varying		fixed	interest rates		ranging	from 9.375%to
9.875%%uo per annum, the last instalments					falling due between			2018and 2048.
									2021	2020
									E	E
One year or less									96	88
Between one and two	years								106	96
Between three and five years									382	348
In five years or more									10.697	10.837
									11,281	11,369
Gross grant creditor
At 1 Apnl 2020									613,792	619,748
Additions during the year
Component disposals
At 31 March 2021									613,792	613,792
Amortisation
At 1 April 2020									410.063	401,438
Credit for the year									14,581	14,581
Component disposals
At 31 March 2021									424844	E
Net grant creditor
At 31 March 2021									189,148	203,729
At 1 Apnl 2020									203.729	218,310
Amounts falling due:
Wfihin one year or less									14,581	14,581
Between one and two years									14,581	14,581
Between two and five years									43,743	43,743
In five years or more									116,243	130,824
In more than one year									174,567	189.148
Total grant creditor									189,148	203.729

Number of	Units	in	Management	2021	2020
				No	No
At beginning	and	end	ofyear	32	32
No. of units	managed		by other bodies	NIL	NIL

			2021	2020
			E	E
Social	Housing	Grant	764,224	764.224

							2021		2020
							f
Income
Turnover							144,713		140,795
							144,713		140,795
Operating costs
Management fee						34,371		33,370
Water Rates
Day to day repairs Major Repairs						19,569 560		40,746 5.181
Service costs						17.006		13.851
Cyclical maintenance						110		132
Bad debts					3	165		548
Depreciation					3	23.340		24.044
Insurance						1.990		1.941
Audit fee					3	3.856		4,080
LegalFees						3,239
Subscnptions						285		270
Advertising
Minor Scheme	Inventory		&f100
Sundry Charges						60		135
							104,551		124,298
Operating surplus							40,162		16,497
Interest receivable		and	similar income
Miscellaneous	Income				4	(35)		140
Interest from investments					4	14,058		13,190
Bank & Buadtng	Somety		deposit interest		4	211		210
Sundry Income						2
							14.236		13,540
							54.398		30,037
Interest payable and similar charges					5		(1,064)		(1,293)
Surplus for the	year						53,334		28,744
Movement on fair value of				Financial Instruments	7		177,134		(43.670)
Surplus / (deficit) for the				year			230,468		(14.926)