```
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
**----- End of picture text -----**
```
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
```