REGISTERED CHARITY NUMBER: 217793
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
FOR
THE SCARBOROUGH MUNICIPAL CHARITY
Fortus North Limited
Business Advisors & Accountants
5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU
THE SCARBOROUGH MUNICIPAL CHARITY
CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2021
----- Start of picture text -----
Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 to 16
Detailed Statement of Financial Activities 17
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THE SCARBOROUGH MUNICIPAL CHARITY
REPORT OF THE TRUSTEES For The Year Ended 31 December 2021
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyear ended
31December2021.ThetrusteeshaveadoptedtheprovisionsofAccountingandReportingby Charities:
StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccountsin accordance
withtheFinancialReportingStandardapplicableintheUKandRepublicofIreland(FRS102)(effective 1
January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
ThecharityhasthegeneralaimofcontributingtothequalityoflifeofthepeopleofScarborough by
providinggoodqualityaffordableaccommodation,grantsforeducationandtrainingandtoassistin the
purchaseofessentialitems.TheTrustinvitesapplicationsfromindividualswhomeettheTrust'scriteria and
details of how to apply can be obtained by contacting the Trusts main office.
Significant activities
Theprincipalactivityofthecharityisthemanagementandadministrationofcharities,forthebenefit of
almspeople,poor,agedandblindresidentsoftheBoroughofScarborough.Benefitsincludethe provision
of accommodation and grants to assist in the purchase of essential items and those in need.
Public benefit
Thetrusteesconsiderthattheyhavecompliedwiththeirdutytohavedueregardtotheguidance on
publicbenefitpublishedbytheCharityCommissioninexercisingtheirpowersandduties,ascanbe seen
in the activities and achievements above.
FINANCIAL REVIEW
Financial position
The trustees are of the opinion that the charity's financial position at the balance sheet date is satisfactory.
Significantworkwascarriedoutoverthecourseoftheyearontheproperties,onextraction systems,
insulationcostsandelectricalworks.Atransferof£20,493wasmadefromthecyclicalmaintenance fund
to cover these costs.
Overallunrestrictedreservesincreasedby£61,506during2021.Alongsidethisthecharity'sinvestments grew
inmarketvalueby£493,184overtheyear,helpedbythemarketsrecoveryfollowingtheimpactof the
pandemic in the previous year.
Thetrusteesbelievethattherearesufficientreservesforthecharitytocontinueitscharitableactivities for
the foreseeable future.
Principal funding sources
Thecharityraisesitsincomefromitsresidentsanditsinvestmentswhichallowedthecharitytomeet its
objectivesduringtheyearandtoawardgrantsof£7,499inaccordancewithitsobjectives.Atransfer of
£29,610 was also made to the extraordinary repair fund from the general fund.
Investment policy and objectives
Under the governing document the charity has the power to invest in any way the trustees wish.
Thetrustees,havingregardtotheliquidityrequirementsofoperatingthehomesandtothereserves policy,
keepavailablefundsinaninterestbearingdepositaccount,andtheinvestmentsareregularly monitored
by the trustees.
Reserves policy
Inrecentyearstherehasbeenconsiderablevolatilityinthestockmarketandasaresultthetrustees have
adoptedaprudentpolicyofmaintainingreservesataleveltomeetoneyearsrunningcostsand high
property maintenance costs.
Thereservespolicyismonitoredandreviewedannuallybythetrusteesandtheyconsiderthatthislevel will
ensure that there are sufficient funds available to cover support and governance costs.
Page 1
THE SCARBOROUGH MUNICIPAL CHARITY
REPORT OF THE TRUSTEES For The Year Ended 31 December 2021
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
TheTrustisanunincorporatedtrust,theadministrationandmanagementofwhichisinaccordance with
the provisions of the scheme approved by the Charity Commissioners on 9 August 2005.
Recruitment and appointment of new trustees
ThetrusteesconsistofthreeNominatedtrusteesappointedbyScarboroughBoroughCounciland the
MayorofScarboroughasanex-officiotrustee.Theothertrusteesareco-optedtrusteesdrawnlargely from
thelocalbusinesscommunity.Whenconsideringco-optingtrusteesregardishadtotherequirement for
any specialist skills needed and the suitability of all applicants.
Organisational structure
TheattachedaccountsincludetheresultsofallcharitiesadministeredbythetrusteesofThe Scarborough
MunicipalCharity.ThesecharitiesconsistoftheAlmshousebranchandtheReliefinNeedbranchof The
Scarborough Municipal Charity .
Induction and training of new trustees
Newtrusteesarebriefedontheirlegalobligationsundercharitylaw,thecontentoftheconstitution, the
committeeanddecisionmakingprocess,thebusinessplanandtherecentfinancialperformanceof the
charity.
Risk management
Thetrusteeshaveconsideredthemajorriskstowhichthecharityisexposedandhavereviewedthose risks
andestablishedsystemsandprocedurestomanagethoserisks.Theriskmanagementstrategy comprises
an annual review of both financial and non-financial risks to the charity.
Akeyelementofmanagingfinancialriskisthesettingofareservespolicyanditsregularreviewby the
trustees.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
217793
Principal address
126 Falsgrave Road
Scarborough
North Yorkshire
YO12 5BE
Trustees
Cllr. Mr W Chatt (Chair)
Cllr. Mrs J H Jefferson
Mr B S Pearson (Vice Chair)
Miss T Pickering
Mr M Smith
Mrs C Guest
Mrs C Robertson
Cllr. A Bailey
Cllr. R Maw
Independent Examiner
Mr P B Dixon ACA
Fortus North Limited
Business Advisors & Accountants
5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU
Page 2
THE SCARBOROUGH MUNICIPAL CHARITY
REPORT OF THE TRUSTEES For The Year Ended 31 December 2021
Approved by order of the board of trustees on .......April 2022 and signed on its behalf by:
....................................................................
Cllr. Mr W Chatt - Trustee
Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
THE SCARBOROUGH MUNICIPAL CHARITY
Independent examiner's report to the trustees of The Scarborough Municipal Charity
IreporttothecharitytrusteesonmyexaminationoftheaccountsofTheScarboroughMunicipal Charity
(the Trust) for the year ended 31 December 2021.
Responsibilities and basis of report
AsthecharitytrusteesoftheTrustyouareresponsibleforthepreparationoftheaccountsin accordance
with the requirements of the Charities Act 2011 ('the Act').
IreportinrespectofmyexaminationoftheTrust'saccountscarriedoutundersection145oftheActand in
carryingoutmyexaminationIhavefollowedallapplicableDirectionsgivenbytheCharity Commission
under section 145(5)(b) of the Act.
Independent examiner's statement
Ihavecompletedmyexamination.Iconfirmthatnomaterialmattershavecometomyattention in
connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
Ihavenoconcernsandhavecomeacrossnoothermattersinconnectionwiththeexaminationto which
attentionshouldbedrawninthisreportinordertoenableaproperunderstandingoftheaccountsto be
reached.
Mr P B Dixon ACA
Fortus North Limited
Business Advisors & Accountants
5&6 Manor Court
Manor Garth
Scarborough
North Yorkshire
YO11 3TU
Date: .......April 2022
Page 4
THE SCARBOROUGH MUNICIPAL CHARITY
STATEMENT OF FINANCIAL ACTIVITIES For The Year Ended 31 December 2021
Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS
FROM
Donations and legacies
-
Charitable activities
3
Scarborough Municipal
Charities
161,864
Investment income
2
33,947
Total
195,811
EXPENDITURE ON
Charitable activities
4
Scarborough Municipal
Charities
118,904
Net gains on investments
15,001
NET INCOME
91,908
Transfers between funds
18
(30,402)
Net movement in funds
61,506
RECONCILIATION OF FUNDS
Total funds brought forward
631,302
TOTAL FUNDS CARRIED
FORWARD
692,808 |
Restricted
fund
£
-
-
-
-
-
362,090
362,090
29,610
391,700
2,115,330
2,507,030 |
Endowment
fund
£
-
-
-
-
-
86,483
86,483
792
87,275
900,394
987,669 |
2021
Total
funds
£
-
161,864
33,947
195,811
118,904
463,574
540,481
-
540,481
3,647,026
4,187,507 |
2020
Total
funds
£
19,750
166,764
36,075 |
|
|
|
|
222,589
126,638
143,045 |
|
|
|
|
238,996
- |
|
|
|
|
238,996
3,408,030 |
|
|
|
|
3,647,026 |
The notes form part of these financial statements
Page 5
THE SCARBOROUGH MUNICIPAL CHARITY
BALANCE SHEET
31 December 2021
Notes
FIXED ASSETS
Tangible assets
10
Investments
11
CURRENT ASSETS
Debtors
12
Cash at bank and in hand
13
CREDITORS
Amounts falling due within one year
14
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS
Amounts falling due after more than one
year
15
NET ASSETS
FUNDS
18
Unrestricted funds
Restricted funds
Endowment funds
TOTAL FUNDS |
2021
£
197,885
3,551,631
3,749,516
1,860
525,076
526,936
(16,601)
510,335
4,259,851
(72,344)
4,187,507
692,808
2,507,030
987,669
4,187,507 |
2020
£
197,885
3,058,447
3,256,332
1,476
478,155
479,631
(15,708)
463,923
3,720,255
(73,229)
3,647,026
631,303
2,115,330
900,393
3,647,026 |
|
|
|
ThefinancialstatementswereapprovedbytheBoardofTrusteesandauthorisedforissueon.......April 2022
and were signed on its behalf by:
.............................................
Cllr. Mr W Chatt - Trustee
The notes form part of these financial statements
Page 6
THE SCARBOROUGH MUNICIPAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
Thefinancialstatementsofthecharity,whichisapublicbenefitentityunderFRS102,have been
preparedinaccordancewiththeCharitiesSORP(FRS102)'AccountingandReportingby Charities:
StatementofRecommendedPracticeapplicabletocharitiespreparingtheiraccounts in
accordancewiththeFinancialReportingStandardapplicableintheUKandRepublicof Ireland
(FRS102)(effective1January2015)andtheCharitiesAct2011.Thefinancialstatementshave been
preparedunderthehistoricalcostconventionwiththeexceptionofinvestmentswhichare included
at market value.
Financial reporting standard 102 - reduced disclosure exemptions
Thecharityhastakenadvantageofthefollowingdisclosureexemptionsinpreparingthese financial
statements,aspermittedbyFRS102'TheFinancialReportingStandardapplicableintheUK and
Republic of Ireland':
the requirements of Section 7 Statement of Cash Flows.
Income
AllincomeisrecognisedintheStatementofFinancialActivitiesoncethecharityhasentitlement to
thefunds,itisprobablethattheincomewillbereceivedandtheamountcanbe measured
reliably.
Expenditure
Liabilitiesarerecognisedasexpenditureassoonasthereisalegalorconstructive obligation
committingthecharitytothatexpenditure,itisprobablethatatransferofeconomicbenefits will
berequiredinsettlementandtheamountoftheobligationcanbemeasuredreliably. Expenditure
isaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregate all
costrelatedtothecategory.Wherecostscannotbedirectlyattributedtoparticularheadings they
have been allocated to activities on a basis consistent with the use of resources.
Grantsofferedsubjecttoconditionswhichhavenotbeenmetattheyearenddatearenotedas a
commitment but not accrued as expenditure.
Tangible fixed assets
Depreciationisprovidedatthefollowingannualratesinordertowriteoffeachassetover its
estimated useful life.
Fixtures and fittings- 20% on reducing balance
Thepropertyheldbythetrustisusedentirelyfordirectcharitablepurposes.TheCharityhas taken
advantage of FRS102 transitional relief to use a valuation as deemed cost.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestrictedfundscanbeusedinaccordancewiththecharitableobjectivesatthediscretion of
the trustees.
Restrictedfundscanonlybeusedforparticularrestrictedpurposeswithintheobjectsofthe charity.
Restrictionsarisewhenspecifiedbythedonororwhenfundsareraisedforparticular restricted
purposes.
Furtherexplanationofthenatureandpurposeofeachfundisincludedinthenotestothe financial
statements.
continued...
Page 7
THE SCARBOROUGH MUNICIPAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 December 2021
1. ACCOUNTING POLICIES - continued
Pension costs and other post-retirement benefits
Thecharityoperatesadefinedcontributionpensionscheme.Contributionspayabletothe charity's
pensionschemearechargedtotheStatementofFinancialActivitiesintheperiodtowhich they
relate.
Going concern
Thefinancialstatementshavebeenpreparedonagoingconcernbasisasthetrusteesbelieve that
nomaterialuncertaintiesexist.Thetrusteeshaveconsideredtheleveloffundsheldand the
expectedlevelofincomeandexpenditurefor12monthsfromauthorisingthese financial
statements.Thebudgetedincomeandexpenditureissufficientwiththelevelofreservesfor the
charity to be able to continue as a going concern.
ThetrusteeshaveconsideredtheimpactofCOVID-19inrelationtotheirassessmentof going
concernandintheiropinionhavetakenallreasonablestepstomitigatethesefactors.Asat the
pointofauthorisingtheaccounts,andfortheforeseeablefuture,thetrusteesconsiderthe going
concernassumptiontostillbeappropriate.Thetrusteesacknowledgethatgiventhe currently
rapidlychangingbusinessandsocialenvironment,therearelikelytobesignificantunknown factors
whichmaypresentthemselves.Suchfactorsareconsideredbythetrusteestorepresenta general
inherent level of risk in relation to the going concern assumption albeit not quantifiable at this time.
2. INVESTMENT INCOME
2. |
INVESTMENT INCOME |
|
|
|
|
|
|
2021 |
2020 |
|
|
|
£ |
£ |
|
Investment income |
|
33,947 |
36,075 |
3. |
INCOME FROM CHARITABLE |
ACTIVITIES |
|
|
|
|
|
2021 |
2020 |
|
|
Activity |
£ |
£ |
|
Residents fees |
Scarborough Municipal Charities |
161,864 |
166,764 |
4. CHARITABLE ACTIVITIES COSTS
CHARITABLE ACTIVITIES COSTS |
|
|
|
|
|
|
Grant |
|
|
|
|
funding of |
|
|
|
Direct |
activities |
Support |
|
|
Costs (see |
(see note |
costs (see |
|
|
note 5) |
6) |
note 7) |
Totals |
|
£ |
£ |
£ |
£ |
Scarborough Municipal Charities |
106,665 |
7,499 |
4,740 |
118,904 |
continued...
Page 8
THE SCARBOROUGH MUNICIPAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 December 2021
5. DIRECT COSTS OF CHARITABLE ACTIVITIES
Staff costs
Rates and water
Insurance
Light and heat
Telephone
Stationery, postage and adverts
Repairs and renewals
Gardening
Licences and subscriptions
Sundry expenses
Warden call
Payroll costs
Interest payable and similar charges
GRANTS PAYABLE
Scarborough Municipal Charities
The total grants paid to individuals during the year was as
follows:
Various
The total amount comprises various small grants paid to individuals. |
2021
£
25,282
10,323
3,855
7,263
559
988
44,131
3,457
516
174
999
720
8,398
106,665
2021
£
7,499
2021
£
7,499 |
2020
£
25,738
9,344
5,064
9,377
545
1,079
49,621
2,125
380
104
1,560
720
8,481 |
2020
£
25,738
9,344
5,064
9,377
545
1,079
49,621
2,125
380
104
1,560
720
8,481 |
|
|
114,138 |
|
|
|
2020
£
8,000
2020
£
8,000 |
|
|
|
|
|
6. GRANTS PAYABLE
7. SUPPORT COSTS
Scarborough Municipal Charities
Governance
costs
£
4,740
continued...
Page 9
THE SCARBOROUGH MUNICIPAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 December 2021
7. SUPPORT COSTS - continued
Support costs, included in the above, are as follows:
Governance costs
Governance costs |
|
|
|
2021 |
2020 |
|
Scarborough |
|
|
Municipal |
Total |
|
Charities |
activities |
|
£ |
£ |
Accountancy fees |
4,740 |
4,500 |
8. TRUSTEES' REMUNERATION AND BENEFITS
Therewerenotrustees'remunerationorotherbenefitsfortheyearended31December2021nor for
the year ended 31 December 2020.
Trustees' expenses
Therewerenotrustees'expensespaidfortheyearended31December2021norfortheyear ended
31 December 2020.
9. STAFF COSTS
Wages and salaries
Other pension costs
The average monthly number of employees during the year was as follows:
Administrator
Warden |
2021
£
24,920
362
25,282
2021
1
1
2 |
2020
£
25,389
349 |
|
|
25,738 |
|
|
2020
1
1
2 |
No employees received emoluments in excess of £60,000.
continued...
Page 10
THE SCARBOROUGH MUNICIPAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 December 2021
10. TANGIBLE FIXED ASSETS
COST
At 1 January 2021 and
31 December 2021
DEPRECIATION
At 1 January 2021 and
31 December 2021
NET BOOK VALUE
At 31 December 2021
At 31 December 2020 |
Freehold
property
£
197,885
-
197,885
197,885 |
Fixtures
and
fittings
£
2,020
2,020
-
- |
Totals
£
199,905 |
|
|
|
2,020 |
|
|
|
197,885 |
|
|
|
197,885 |
The property held by the trust is used entirely for direct charitable purposes.
11. FIXED ASSET INVESTMENTS
MARKET VALUE
At 1 January 2021
Additions
Revaluations
At 31 December 2021
NET BOOK VALUE
At 31 December 2021
At 31 December 2020 |
Unlisted
investments
£
3,058,447
29,610
463,574
3,551,631
3,551,631
3,058,447 |
|
|
There were no investment assets outside the UK.
TheinvestmentportfolioconsistssolelyofCOIFCharitiesInvestmentFundaccumulationand income
units.
12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
2021 |
2020 |
|
£ |
£ |
Debtors and prepayments |
1,860 |
1,476 |
continued...
Page 11
THE SCARBOROUGH MUNICIPAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 December 2021
13. CASH AT BANK AND IN HAND
Cyclical
General
Maintenance
fund
fund
£
£
Cash in hand
13
-
Current account
97,806
-
Cyclical maintenance fund
-
204,147
General deposit account
223,110
-
Total
320,929
204,147
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other loans (see note 16)
Creditors and accruals
15.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
Other loans (see note 16)
16.
LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Housing corporation loan
Amounts falling between one and two years:
Housing corporation loan
Amounts falling due between two and five years:
Housing corporation loan
Amounts falling due in more than five years:
Repayable by instalments:
Housing corporation loan |
2021
Total
funds
£
13
97,806
204,147
223,110
525,076
2021
£
885
15,716
16,601
2021
£
72,344
2021
£
885
989
3,717
67,638 |
2020
Total
funds
£
6
84,347
181,919
211,883 |
2020
Total
funds
£
6
84,347
181,919
211,883 |
|
|
478,155 |
|
|
|
|
2020
£
793
14,915 |
|
|
|
15,708 |
|
|
|
2020
£
73,229 |
|
|
|
2020
£
793 |
|
|
|
885 |
|
|
|
3,328 |
|
|
|
69,016 |
continued...
Page 12
THE SCARBOROUGH MUNICIPAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 December 2021
17. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Fixed assets
Investments
Current assets
Current liabilities
Long term liabilities
18.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Cyclical Maintenance fund
Restricted funds
Extraordinary repair fund
Endowment funds
Capital accounts
TOTAL FUNDS |
Unrestricted
funds
£
-
181,588
526,936
(15,716)
-
692,808 |
Restricted
fund
£
-
2,507,030
-
-
-
2,507,030
At 1.1.21
£
449,383
181,919
631,302
2,115,330
900,394
3,647,026 |
Endowment
fund
£
197,885
863,013
-
(885)
(72,344)
987,669
Net
movement
in funds
£
112,379
(20,471)
91,908
362,090
86,483
540,481 |
2021
Total
funds
£
197,885
3,551,631
526,936
(16,601)
(72,344)
4,187,507
Transfers
between
funds
£
(73,102)
42,700
(30,402)
29,610
792
- |
2020
Total
funds
£
197,885
3,058,447
479,631
(15,708)
(73,229)
3,647,026
At
31.12.21
£
488,660
204,148
692,808
2,507,030
987,669
4,187,507 |
|
|
|
|
|
|
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Cyclical Maintenance fund
Restricted funds
Extraordinary repair fund
Endowment funds
Capital accounts
TOTAL FUNDS |
Incoming
Resources
Gains and
Movement
resources
expended
losses
in funds
£
£
£
£
195,789
(98,411)
15,001
112,379
22
(20,493)
-
(20,471)
195,811
(118,904)
15,001
91,908
-
-
362,090
362,090
-
-
86,483
86,483
195,811
(118,904)
463,574
540,481 |
|
|
continued...
Page 13
THE SCARBOROUGH MUNICIPAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 December 2021
18. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
Net
movement
At 1.1.20
in funds
£
£
Unrestricted funds
General fund
409,931
110,623
Cyclical Maintenance fund
168,488
(28,119)
578,419
82,504
Restricted funds
Extraordinary repair fund
1,914,745
171,675
Endowment funds
Capital accounts
914,866
(15,183)
TOTAL FUNDS
3,408,030
238,996
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
222,141
(98,071)
Cyclical Maintenance fund
448
(28,567)
222,589
(126,638)
Restricted funds
Extraordinary repair fund
-
-
Endowment funds
Capital accounts
-
-
TOTAL FUNDS
222,589
(126,638) |
Transfers
between
funds
£
(71,170)
41,550
(29,620)
28,910
710
-
Gains and
losses
£
(13,447)
-
(13,447)
171,675
(15,183)
143,045 |
At
31.12.20
£
449,384
181,919
631,303
2,115,330
900,393
3,647,026
Movement
in funds
£
110,623
(28,119)
82,504
171,675
(15,183)
238,996 |
|
|
|
continued...
Page 14
THE SCARBOROUGH MUNICIPAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued For The Year Ended 31 December 2021
18. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
Unrestricted funds
General fund
Cyclical Maintenance fund
Restricted funds
Extraordinary repair fund
Endowment funds
Capital accounts
TOTAL FUNDS |
At 1.1.20
£
409,931
168,488
578,419
1,914,745
914,866
3,408,030 |
Net
movement
in funds
£
223,002
(48,590)
174,412
533,765
71,300
779,477 |
Transfers
between
funds
£
(144,272)
84,250
(60,022)
58,520
1,502
- |
At
31.12.21
£
488,661
204,148 |
|
|
|
|
692,809
2,507,030
987,668 |
|
|
|
|
4,187,507 |
Acurrentyear12monthsandprioryear12monthscombinednetmovementinfunds,included in
the above are as follows:
Unrestricted funds
General fund
Cyclical Maintenance fund
Restricted funds
Extraordinary repair fund
Endowment funds
Capital accounts
TOTAL FUNDS |
Incoming
Resources
Gains and
Movement
resources
expended
losses
in funds
£
£
£
£
417,930
(196,482)
1,554
223,002
470
(49,060)
-
(48,590)
418,400
(245,542)
1,554
174,412
-
-
533,765
533,765
-
-
71,300
71,300
418,400
(245,542)
606,619
779,477 |
|
|
TheCyclicalMaintenanceFundisadesignatedfundtocoveritemsofrepairthatoccurover a
regularcycle.Thefundsareavailableforuseatthediscretionofthetrusteesand annual
appropriations are made to this fund as considered necessary.
TheExtraordinaryRepairFundwasestablishedtofundextraordinaryitemsofrepair expenditure,
improvementsorrebuildingofthehomes.Annualappropriationsaremadetothisfund as
considerednecessarybythetrustees.Transfersaremadefromthefundstocover exceptional
expenditure. The funds are represented by fixed asset investments.
continued...
Page 15
THE SCARBOROUGH MUNICIPAL CHARITY
NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2021
19. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2021.
Page 16
THE SCARBOROUGH MUNICIPAL CHARITY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES For The Year Ended 31 December 2021
INCOME AND ENDOWMENTS
Donations and legacies
Donations
Investment income
Investment income
Charitable activities
Residents fees
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Pensions
Rates and water
Insurance
Light and heat
Telephone
Stationery, postage and adverts
Repairs and renewals
Gardening
Licences and subscriptions
Sundry expenses
Warden call
Payroll costs
Loan interest
Grants to individuals
Support costs
Governance costs
Accountancy fees
Total resources expended
Net income |
2021
£
-
33,947
161,864
195,811
24,920
362
10,323
3,855
7,263
559
988
44,131
3,457
516
174
999
720
8,398
7,499
114,164
4,740
118,904
76,907 |
2020
£
19,750
36,075
166,764 |
|
|
222,589
25,389
349
9,344
5,064
9,377
545
1,079
49,621
2,125
380
104
1,560
720
8,481
8,000 |
|
|
122,138
4,500 |
|
|
126,638 |
|
|
95,951 |
This page does not form part of the statutory financial statements
Page 17