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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:-||
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|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|
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|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|
##
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|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|
##
|6|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|
##
|7|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|
##
|10|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|
##
|12|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|
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||||2021|2020|
|---|---|---|---|---|
||||E|E|
|Social|Housing|Grant|764,224|764.224|
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||||||||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)|