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||Page|
|---|---|
|Chairman's<br>Report||
|Report ofthe Trustees|2to 6|
|Report ofthe Independent<br>Auditors|7to 8|
|Statement of Financial Activities||
|Balance Sheet|10|
|Cash Flow Statement||
|Notes to the Cash Flow Statement||
|Notes to the Financial Statements|13to 22|
|Detailed Statement ofFinancial Activities|23to 30|





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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||UnresVlcted|Restricted|Total|Total|
|||||funds|fund|funds|funds|
||||Notes|F|6|6|F|
|INCOME AND ENDOWMENTS||FROM||||||
|Charitable<br>activities|||3|||||
|Rental and associated|Income|||372,822||372,822|369,655|
|Other||||2,036||2,036||
|Investment<br>income|||2|18,571||18,571|19,376|
|Total||||393,429||393,429|389,031|
|EXPENDITURE ON||||||||
|Charitable<br>activities||||||||
|Rental and associated|income|||204,668||204,668|323,295|
|Net gains/(losses)<br>on|Investments|||125,730||125,730|(60,534)|
|NET INCOME||||314,491||314,491|5,202|
|Other recognised<br>gains/(losses)||||||||
|Gains on revaluation<br>offixed assets|||||||3,789,079|
|Net movement<br>In funds||||314,491||314,491|3,794,281|
|RECONCILIATION<br>OF FUNDS||||||||
|Total funds brought|forward|||12,007,705||12,007.705|8,213,424|
|TOTAL FUNDS CARRIED FORWARD||||12,322,196||12,322,196|12,007,706|





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||||||2021|2020|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|fund|funds|funds|
|||Notes|8|8|||
|FIXEDASSETS|||||||
|Tangible assets||9|12,679,111||12,679,111|12,646,422|
|Investments||10|710,870||710,870|573,823|
||||13,389,981||13,389,981|13,220,045|
|CURRENT ASSETS|||||||
|Debtors||11|12,114||12,114|9,974|
|Investments||12|53,958||53,958|53,943|
|Cash at bank and|in hand||234,731||234,731|167,114|
||||300,803||300,803|231,031|
|CREDITORS|||||||
|Amounts<br>felling due within one year||13|(64,056)||(64,055)|(77,471)|
|NET CURRENT ASSETS|||236,748||236,748|153,560|
|TOTAL ASSETS|LESSCURRENT||||||
|LIABILITIES|||13,626,729||13,626.729|13,373.605|
|CREDITORS|||||||
|Amounts<br>falling due after more than one year 14|||(1,304,533)||(1.304,533)|(1,365,900)|
|NET ASSETS|||12,322,196||12,322.196|12,007,705|
|FUNDS||17|||||
|Unrestricted<br>funds|||||12,322,196|12,007,705|
|TOTAL FUNDS|||||12,322,196|12,007,705|





## 

||||||CASH FLOW STATENIENT|||
|---|---|---|---|---|---|---|---|
|||||for|the Year Ended 31 MARCH|2021||
|||||||2021|2020|
||||||Notes|9||
|Cash flows from|operating||activities|||||
|Cash generated<br>from operations|||||1|151,025|73,190|
|||||||(15)||
|Net cash provided|by operating<br>activities|||||151,010|73,190|
|Cash flows from|investing||activities|||||
|Purchase oftangible fixed assets||||||(32,689)|(50,225)|
|Purchase offixed|asset investments|||||(11,517)|(12,202)|
|Interest received||||||16|230|
|Dividends<br>received||||||18,555|19,146|
|Net cash used in|investing|activities||||(25,635)|(43,051)|
|Cash flows from|financing||activities|||||
|Loan repayments|in year|||||(57,758)|(51,659)|
|Net cash used in|financing|activities||||(57,758)|(51,659)|
|Change<br>In cash|and cash||equivalents|||||
|In the reporting|period|||||67,617|(21,520)|
|Cash and cash equivalents|||at the|||||
|beginning<br>ofthe|reporting||period|||167,114|188.634|
|Cash and cash equivalents|||atthe|end||||
|ofthe reporting|period|||||234,731|167,114|





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||NOTES TO THE CASH FLOW STATEMENT<br>forthe Year Ended 31 MARCH 2021|NOTES TO THE CASH FLOW STATEMENT<br>forthe Year Ended 31 MARCH 2021|NOTES TO THE CASH FLOW STATEMENT<br>forthe Year Ended 31 MARCH 2021|NOTES TO THE CASH FLOW STATEMENT<br>forthe Year Ended 31 MARCH 2021|NOTES TO THE CASH FLOW STATEMENT<br>forthe Year Ended 31 MARCH 2021|
|---|---|---|---|---|---|
|RECONCILIATION|OF NET INCOME TO NET CASH Ft OW FROM OI ERATING ACTIN/mES|||||
|||||2021|2020|
|||||6|6|
|Net Income forthe|reporting||period (as per the Statement of|||
|Financial Activities)||||314,491|5,202|
|Ad)ustments<br>for:||||||
|(Gain)/losses<br>on investments||||(125,730)|135,964|
|Interest received||||(16)|(230)|
|Dividends<br>received||||(18,555)|(19,146)|
|(Increase)/decrease|in debtors|||(2,140)|3,195|
|Decrease<br>in creditors||||(17,025)|(51,795)|
|Net cash provided|by operations|||151,025|73,190|
|ANALYSIS OF CHANGES||IN|NET DEBT|||



|ANALYSIS OF C|HANG|ES<br>IN NET DEBT||||
|---|---|---|---|---|---|
||||At 1/4/20|Cash flow|At 31/3/21|
||||6||F|
|Net cash||||||
|Cash at bank and|In hand||167,114|67,617|234,731|
||||167,114|67,617|234,731|
|Liquid resources||||||
|Deposits included|in cash|||||
|Current asset investments|||53,943|15|53,956|
||||53,943|15|53,958|
|Debt||||||
|Debts falling dus|within|1 year|(55,104)|(3,609)|(58,713)|
|Debts falling due|after 1 year||(1,365,900)|61,367|(1,304,533)|
||||(1.421,004)|57,758|(1,363,246)|
|Total|||(1,199.947)|125,390|(1,0/4,557)|





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|INVESTME|NT INCOME|||
|---|---|---|---|
|||2021|2020|
|||8|K|
|Investment|income|18,555|19,146|
|Bank interest||16|230|
|||18,571|19,376|





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||INCONIE FROM CHARITABLE ACTIVITIES|
|---|---|
||Rental Income<br>Licences and heating<br>contributions<br>Other income<br>Rental income<br>Other Income<br>Activity<br>Rental and associated<br>income<br>Rental and associated<br>income<br>Rental and associated<br>income<br>Other<br>Other<br>2021<br>8<br>350,189<br>23,000<br>(367)<br>(367)<br>2,403<br>2020<br>F<br>344,018<br>22,094<br>3,543<br>374,858<br>369,655<br>CHARITABLE ACTIVITIES COSTS<br>Rental and associated<br>income<br>Direct<br>Costs (sss<br>note 5)<br>8<br>158,382<br>Support<br>costs (see<br>note 6)<br>6<br>46,286<br>Totals<br>204,668<br>DIRECT COSTS OF CHARITABLE ACTIVITIES<br>Water rates and council tax<br>Insurance<br>Light and heat<br>Repairs and renewals<br>Grass cutting and garden maintenance<br>Other reliefs<br>Mortgage<br>Interest<br>Loan interest<br>2021<br>18.737<br>6,973<br>7,716<br>88,410<br>3,603<br>2,270<br>52,673<br>2020<br>8<br>17,818<br>6,790<br>10.961<br>144,896<br>3,262<br>75<br>3,162<br>57,356<br>158,382<br>244,320<br>SUPPORT COSTS<br>Rental and associated<br>income<br>Governance<br>costs<br>6<br>46,286|
|6.|SUPPORT COSTS<br>Rental and associated<br>income|



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|6.|SUPPORT COSTS||
|---|---|---|
||Rental and associated|income|





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||||2021|2020|
|---|---|---|---|---|
||||Rental||
||||and||
||||assacisted|Total|
||||Income|activities|
|||||6|
|Wages|||32,961|35,580|
|Auditors'|remuneration||3,300|3,150|
|Professional||charges|3,792|32,047|
|Administrative||costs|6,233|8,198|
||||46,266|78,975|



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|STAFF CO|STS|||||
|---|---|---|---|---|---|
|||||2021|2020|
|||||6||
|Wages and|salaries|||32,961|35,580|
|||||32,961|35,580|
|The average|monthly|number ofemployees|during the year was as follows:|||
|||||2021|2020|
|Management|and administration|||2|2|





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||||Freehold|
|---|---|---|---|
||||property|
||||6|
|COST||||
|At 1 April 2020|||12,646,422|
|Additions|||32,689|
|At 31 March 2021|||12,679,111|
|NET BOOK VALUE||||
|At 31 March 2021|||12,679,111|
|At 31 March 2020|||12,646,422|
|||2021|2020|
|Market Values:||||
|Development|costs|||
|Wardle Close||178,420|178,420|
|StStephens Place||3,974,230|3,974,230|
|Sevem Street||3,033,750|3,033,750|
|10Church Street||497,170|497,170|
|3St.Leonards|Close|747,920|747,920|
|Various Land||63,750|63,750|
|Spinners<br>Court||4,151,182|4,151,182|
|||2,646,422|2,646,422|
|||2021|2020|
|Historic Cost:||F||
|Development|costs|||
|Wardle Close||156,063|156,063|
|StStephens<br>Place||108,297|108,297|
|Severn Street||1,848,240|1,798,015|
|Spinners<br>Court Development||2,537,529|2,537,529|
|||4,560,129|4,599,904|





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|||2021|2020|
|---|---|---|---|
|Market Values:||F|6|
|Opening values||573,623|621,956|
|Additions||11,517|12,201|
|Dieposals||||
|Net gains (losses) on revaluations|during year|125,730|(60,534)|
|Closlrlg values||710,870|573,623|
|Historic cost||275,926|284,409|



||The market values|of t|he fixed asset inves|tments<br>at the year end are|as follows:||
|---|---|---|---|---|---|---|
||||||2021|2020|
||COIF Income Shares||||201,814|167,252|
||COIF Accumulation|Shares|||162,152|130,429|
||NAACIF Income Shares||||25,620|27,875|
||NAACIF Accumulation||Shares||297,261|231,404|
||Charinco Common|Inv|Fund Accumulation|Shares|24,023|23,663|
||||||710,870|573,523|
|11.|DEBTORS:AMOUNTS||FALLING DUE WITHIN ONE YEAR||||
||||||2021|2020|
||||||6||
||Rental and maintenance||debtors||9,382|7,464|
||Prepaymsnts||||2,732|2,510|
||||||12,114|9,974|
|12,|CURRENT ASSET|INVESTMENTS|||||
||||||2021|2020|
||COIF deposit||||3,938|3,933|
||Bank deposit||||50,020|50,010|
||||||53,958|53,943|





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|NOTES|NOTES|NOTES|TO THE FINANCIAL STATEMENTS - c<br>for the Year Ended 31 MARCH 2021|TO THE FINANCIAL STATEMENTS - c<br>for the Year Ended 31 MARCH 2021|TO THE FINANCIAL STATEMENTS - c<br>for the Year Ended 31 MARCH 2021|ontinued||
|---|---|---|---|---|---|---|---|
|CREDITORS: ANIOUNTS|||FALLlhlG DUE WITHIN ONE YEAR|||||
|||||||2021|2020|
|||||||L||
|Bank loans|end overdrafts|||(see note 15)||56,713|53,104|
|Other loans (see note <br>Trade creditors||15)||||2,000<br>5,159|2,000<br>22,216|
|Other creditors||||||183|151|
|||||||64,055|77,471|
|CREDITORS: AMOUNTS|||FALLING DUE AFTER MORE THAN ONE YEAR|||||
|||||||2021|2020|
|||||||6|8|
|Bank loans|(see note|15)||||1,295,533|1,352,900|
|Other loans|(ses note|15)||||9,0DD|13,000|
|||||||1,304,533|1,365,900|
|LOANS||||||||
|An analysis|ofthe maturity|||of loans is given below:||||
|||||||2021|2020|
||||||||5|
|Amounts<br>felling due within|||one year on demand:|||||
|Bank loans||||||40,207|37,146|
|Mortgage<br>repayable<br>in||less||than<br>1year||16,506|15,958|
|Other loans||||||2,000|2,000|
|||||||58,713|55,1D4|
|Amounts<br>falling between<br>one and two years:||||||||
|Bank loans|repayable|within|||1 - 2years|41,840|38,148|
|Mortgage<br>repayable<br>within||||1|- 2years|17,062|16,495|
|Other loans|repayable|within|||1 -2years|2,000|2,000|
|||||||60,902|56,643|
|Amounts<br>falling due between|||||two and five years:|||
|Bank loans|repayable|within|||2 - 5years|133,542|122,173|
|Mortgage<br>repayable<br>within 2<br>Other loans repayable<br>within|||||- 5years<br> 2-5years|36.764<br>6.000|53,042<br>6,000|
|||||||176,306|181,215|
|Amounts<br>falling due in||mors|||than five years:|||
|Repayable<br>Bank loans|by instalments:<br> repayable<br>after|||more than 5years||1,066.325|1,121,935|
|Mortgage<br>repayable<br>after more than 5years|||||||1,107|
|Other loans|repayable|after||more than 5years||1,00D|5,000|
|||||||1,067,325|1,128,042|





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|MOVEMENT|IN FUNDS|||||||
|---|---|---|---|---|---|---|---|
||||||Net|Transfers||
||||||movement|between|At|
|||||At 1/4/20|In funds|funds|31/3/21|
|||||8|6||F|
|Unrestricted|funds|||||||
|Revenue reserve||||3,575,206|188,761|(59,958)|3,704,009|
|Unrestricted|Extraordinary|repair fund||29,338||20,384|49,702|
|Unrestricted|Cyclical Maintenance||fund|47,429||39,594|87,023|
|Revaluation|ofinvsstmsnt|assets||||||
|reserve||||309,214|125,730||434,944|
|Revaluation|offixed assets|reserve||8,046,518|||8,046,518|
|||||12,007,705|314,491||12,322,196|
|TOTAL FUNDS||||12,007,705|314,491||12,322,196|



|Net moveme|nt<br>in funds,<br>i|ncluded<br>in the|above are ss follow|s:|||
|---|---|---|---|---|---|---|
||||Incoming|Resources|Gains and|Movement|
||||resoul ces|expended|losses|in funds|
||||F||6||
|Unrestricted|funds||||||
|Revenue reserve|||393,429|(204,668)||188,/81|
|Revaluation|ofinvestment|assets|||||
|reserve|||||125,730|126,730|
||||393,429|(204,668)|125,730|314,491|
|TOTAL FUNDS|||393,429|(204,668)|125,730|314,491|



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|Comparative|s<br>for movem|ent<br>in f|unds|||||
|---|---|---|---|---|---|---|---|
||||||Net|Transfers||
||||||movement|between|At|
|||||At 1/4/19|in funds|funds|31/3/20|
|||||E|8|||
|Unrestricted|funds|||||||
|Revenue reserve||||3,452,920|65,736|56,650|3,575,206|
|Unrestricted|Extraordinary|repair fund||97,030||(67,692)|29,338|
|Urlrestrlcted|Cyclical Maintenance||fund|36,287||11,142|47,429|
|Revaluation|of investment|assets||||||
|reserve||||369,748|(60,534)||309,214|
|Revaluation|offixed assets|reserve|4,257,439||3,789,079||8,046,618|
||||8,213,424||3,794,281||12,007,705|
|TOTALFUNDS|||8,213,424||3,794,281||12,007,706|
|Comparative|net movement|in funds, included||in the above|are es follows:|||
|||||Incoming|Resources|Gains and|Movement|
|||||resources|expended|losses|in funds|
|||||E||F|F|
|Unrestricted|funds|||||||
|Revenue reserve||||389,031|(323,295)||66,736|
|Revaluation|ofinvestment|assets||||||
|reserve||||||(60,534)|(60,534)|
|Revaluation|offixed assets|reserve||||3,789,079|3,789,079|
|||||389,031|(323,295)|3,728.545|3,794,281|
|TOTAL FUNDS||||389,031|(323,295)|3,728,545|3,794,281|



|A current ye|ar 12months<br>a|nd prior|year 1|2months<br>combi|ned<br>position is|as follows:||
|---|---|---|---|---|---|---|---|
||||||Net|Transfers||
||||||movement|between|At|
|||||At 1/4/19|In funds|funds|31/3/21|
|||||8||6|F|
|Unrestricted|funds|||||||
|Revenue reserve||||3,462,920|254,497|(3,408)|3,704,009|
|Unrestricted|Extraordinary|repair fund||97,030||(47,328)|49,702|
|Unrestricted|Cyclical IVlaintenance||fund|36,287||50,736|87,023|
|Revaluation|ofinvestment|assets||||||
|reserve||||369,748|65,196||434,944|
|Revaluation|offixed assets|reserve||4,257,439|3,789,079||8,046,518|
|||||8,213,424|4.108,772||12,322,196|
|TOTAL FUNDS||||8,213,424|4,108,772||12,322,196|





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|<br>above are a|<br>s follows:||||||
|---|---|---|---|---|---|---|
||||Incoming|Resources|Gains and|Movement|
||||resources|expended|losses|in funds|
||||F|8|9|6|
|Unrestricted|funds||||||
|Revenue reserve|||782,460|(527,963)||254,497|
|Revaluation|of investment|assets|||||
|reserve|||||65,196|65,196|
|Revaluation|offixed assets|reserve|||3,789,079|3,789,079|
||||782,460|(527,963)|3,854,275|4,108,772|
|TOTAL FUNDS|||782,460|(527,963)|3,864,275|4,108,772|



## 

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## 

|||2021|2020|
|---|---|---|---|
|||6|6|
|INCOME AND ENDOWMENTS||||
|Investment<br>income||||
|Investment<br>income||18,555|19,146|
|Bank Interest||16|230|
|||18,571|19,376|
|Charitable<br>activities||||
|Rental income||349,822|344,018|
|Licences and heating|contributions|23,000|22,094|
|Other Income||2,036|3,543|
|||374,858|369,655|
|Total Incoming resources||393,429|389,031|
|EXPENDITURE||||
|Charitable<br>activities||||
|Water rates and council tax||18,737|17,818|
|Insurance||6,973|6,790|
|Light and heat||7,716|10,961|
|Repairs and renewals||66,410|144,896|
|Grass cutting and garden maintenance||3,603|3,262|
|Other rellefs|||75|
|Mortgage<br>interest||2,270|3,162|
|Loan interest||52,673|57,356|
|||158,382|244,320|
|Support costs||||
|Governance costs||||
|Wages||32,961|35,580|
|Auditors'<br>remuneration||3,300|3,150|
|Professional<br>charges||3,792|32,047|
|Administrative<br>costs||6,233|8,198|
|||46,286|78,975|
|Total resources expended||204,668|323,295|
|Net Income||188,761|65,736|





## 

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||||2021|2020|
|---|---|---|---|---|
|||||f|
|INCOMING RESOURCES|||||
|Investment<br>income|||||
|Investment<br>income|||18,560|19,146|
|Bank interest|||11|230|
||||18571||
|Incoming resources<br>from <br>Other income|charitable|activities|536|243|
|Licences, and heating<br>contributions|||22,985|22,094|
||||~23 521|22,337|
|Total Incoming<br>resources|||42,092|41,713|
|RESOURCES EXPENDED|||||
|Direct Charitable<br>Expenditure<br>Light and heat<br>Water rates and council tax|||2,797<br>1,406|3,454<br>1,397|
|Insurance|||662|640|
|Repairs and renewals<br>Other|||1,404<br>20|1,141<br>30|
|Gardening|||||
||||6289|B662|
|Support costs|||||
|Management<br>Oflice and administrative|costs||2 854|4,762|
||||2 854|~4762|
|Total resources expended|||9,143|11,424|
|Net Incoming Resources|before transfers||32,949|30,289|
|Transfer to designated<br>funds<br>To/From<br>Extraordinary<br>repair fund<br>To Cyclical repair fund|||2,032<br>3,324|2,198|
|From Cyclical repair fund|||||
||||5,356|2,198|
|Net Incoming<br>Resources|for the Year||38,305|32,487|





## 

||||2021|2020|
|---|---|---|---|---|
||||E|E|
|INCOMING RESOURCES|||||
|Incoming resources from <br>Rental income|charitable|activities|119,727|117,778|
|Other income|||1,500||
|Total incoming<br>resources|||121,227|117,778|
|RESOURCES EXPENDED|||||
|Direct Charitable<br>Expenditure<br>Light and heat<br>Water rates and council tax|||70<br>10,135|9,885|
|Insurance|||2,229|2,202|
|Repairs and renewals<br>Gardening|||7,960<br>2,969|18,960<br>1,306|
|Other reliefs|||||
||||23363|32353|
|Support costs|||||
|llllanagement<br>Office and administrative|costs||14,864|~25406|
||||~14864|25,406|
|Total resources expended|||38,227|57,759|
|Net Incoming<br>Resources|before transfers||82,999|60,019|
|Transfer to designated<br>funds|||||
|To/From<br>Extraordinary<br>repair fund<br>To Cyclical repair fund<br>From Cyclical repair fund|||13,208<br>21,606<br>~840|(4,854)<br>14,279<br>~800)|
||||33,974|8,625|
|Net Incoming Resources|for the Year||~116973|68,644|





## 

||<br>for|<br> the Year Ended 31 MARC|H 2021||
|---|---|---|---|---|
||||2021|2020|
|INCOMING RESOURCES|||||
|Incoming<br>resources from <br>Rental income|charitable|activities|79,807|~80 176|
|Total Incoming<br>resources|||79,807|80.176|
|RESOURCES EXPENDED|||||
|Direct Charitable<br>Expenditure<br>Light and heat<br>Water rakes and council tax<br>insurance<br>Repairs and renewals<br>Gardening<br>Mortgage<br>interest|||341<br>5,615<br>1,803<br>33,326<br>301<br>~2270|3,744<br>3,362<br>1,747<br>88,432<br>270<br>3,162|
||||436 6|0717|
|Support costs|||||
|Management<br>Office and administrative|costs||~9908|17,296|
||||9908|17,296|
|Total resources expended|||53,564|98,013|
|Nst Incoming Resources|before transfers||26,242|(17,837)|
|Transfer to designated<br>funds<br>Tc/From<br>Extraordinary<br>repair fund<br>To Cyclical repair fund<br>From Cyclical repair fund|||(3,942)<br>14,958<br>~9446|(29,796)<br>9,885<br>~21 984)|
||||1,570|(41,895)|
|Net Incoming<br>Resources|for the Year||27,812|~59,732)|





||||2021|2020|
|---|---|---|---|---|
||||E|E|
|INCOMING RESOURCES|||||
|Incoming resources from|charitable|activities|26,995|25,335|
|Rental income|||||
|Total incoming<br>resources|||26,995|25,336|
|RESOURCES EXPENDED|||||
|Direct Charitable<br>Expenditure<br>Light and heat<br>Water rates and council tax|||4,608<br>1,199<br>845|3,763<br>1,146<br>616|
|Insurance<br>Repairs and renewals|||4,213|49,148<br>45|
|Other|||||
||||«10764|54918|
|Supportcosts|||||
|Management<br>Office and administrative|costs||3,352|~5465|
||||«3362|5,465|
|Total resources expended|||14,116|60,383|
|Net Incoming/(Outgoing)|Resources|before transfers|12,897|(35,048)|
|Transfer to designated<br>funds<br>To/From<br>Extraordinary<br>repair fund<br>To Cyclical repair fund|||2,741<br>6,648|(40,854)<br>3,844|
|From Cyclical repair fund|||||
||||9,389|(37,010)|
|Net (Outgoing)/Incoming|Resources for the Year||22,268|~72 058)|





||||2021|2020|
|---|---|---|---|---|
||||F||
|INCOMING RESOURCES|||||
|Incoming resources from <br>Rental income|charitable|activities|4,397|~4965|
|Total incoming<br>resources|||4,397|4,965|
|RESOURCES EXPENDED|||||
|Direct Charitable<br>Expenditure|||||
|Light and heat<br>Water rates and council tax|||382<br>114|373<br>110|
|Insurance<br>Repairs and renewals|||16,711<br>17207|~2156<br>~29|
|Support costs|||||
|Management<br>Office and administrative|costs||546|~1074|
|Total resources expended|||17,753|3,713|
|Net Incoming/(Outgoing)|Resources|before transfers|(13,356)|1,252|
|Transfer to designated<br>funds<br>To/From<br>Extraordinary<br>repair fund<br>To Cyclical repair fund<br>From Cyclical repair fund|||(3,495)<br>831<br>~9086|549|
||||(11,750)|549|
|Net (Outgoing)/Incoming|Resources|for the Year|||





## 

||<br>for|<br> the Year Ended 31 INARCH 20|21||
|---|---|---|---|---|
||||2021|2020|
||||E|F|
|INCOMING RESOURCES|||||
|Incoming resources from|charitable|activities|118,911|115,7B3|
|Rental income||||800|
|Electricity refund|||||
||||118,911|116,563|
|Total incoming<br>resources|||||
|RESOURCES EXPENDED|||||
|Direct Charitable<br>Expenditure|||||
|Light & heat||||1,655|
|Water rates 8, counril tax|||1,318|1,275|
|Insurance<br>Repairs<br>&renewals|||3,110<br>~52 B73|6,745<br>5'/,356|
|Loan Interest|||||
||||57 100|~57 031|
|Support costs|||||
|INanagemsnt<br>Office and administrative|costs||14,783|24,972|
|Total resources expended|||71,863|92,003|
|Net Incoming/(Outgoing)|Resources before transfers||47,048|24,560|
|Transfer to designated<br>funds<br>To/From<br>Extraordinary<br>repair fund<br>To Cyclical repair fund|||9,820<br>11,600|10,983|
|From Cyclical repair fund|||||
||||21,420|10,983|
|Net (Outgoing)/Incoming|Resources for the Year||68,468|35,543|





||<br>for th|e Year Ended 31 llilARCH|2021||
|---|---|---|---|---|
||||2021|2020|
||||E|F|
|EXPENDITURE|||||
||||32,961|35,580|
|Office salaries|||972|1,201|
|Light and heat|||737|683|
|Water rates and council tax|||386|375|
|Insurance|||289|1,018|
|Repairs and renewals|||863|6'70|
|Telephone|||282|853|
|Computer costs|||289|479|
|Printing,<br>postage and|stationery||||
|Travel expenses|||703|825|
|Bank charges|||3,300|3,150|
|Audit costs||||11,207|
|Professional<br>charges<br>Professional<br>charges|—legal<br> —surveyors||3,342<br>450|20,480<br>360|
|Professional<br>charges|- payroll||||
|Bad debts|||1,712|2,094|
|Sundry expenses|||||
|Total Management|and Administrative|Costs|46 286|78 975|



## 

|llocation of Management|llocation of Management|and Adminis|trative<br>Costs|||
|---|---|---|---|---|---|
|Church Street Almshouses<br>StStephen's<br>Place<br>Sevem Street<br>Reverend<br>Francis Palmer's||Hospital||2,854<br>14,864<br>9,908<br>3,352<br>546|4,762<br>25,406<br>17,296<br>5,465<br>1,074|
|Wardle Close||||~14 763|~24 372|
|Spinner's<br>Court||||||
|Total Management|and Administrative||Costs|46,286|~78 975|