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|Trustees|Trustees||||
|---|---|---|---|---|
|The following||people have acted|as trustees of the charity during
the year:||
||P|J Strevens||GEFlint (died 13January 2020)|
||R|M Temple||Miss SEWarn|
||J|CCook (appointed|19October 2020)||
|Principal|Address ofthe Charity|||PO Box339,Hereford, HR1 9LW|
|Professional||Advisors
-Bankers||Lloyds Bank pic|
|||||6-8 High Street, Hereford, HR1 2AE|
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|FOR THE YEAR EN|DED|5TH J|ANUARY 202|1|||||
|---|---|---|---|---|---|---|---|---|
|||||||2021|2020||
||||Unrestricted|Restricted|Endowment|Total|Total||
||||Fund|Fund|Fund|Funds|Funds||
|Income and Endowments||from:|||||||
|Charitable
activities;|||||||||
|Contributions
from Almspeople|||25,400|||25,400|23,933||
|Garden rents|||170|||170||210|
|Licence fee|||30|||30||20|
|Investments|||||||||
|Dividends
and interest|||2,631|1,578||4,209|3,979||
|Bank interest|||2|||2||1|
|TOTAL|INCOME||28,233|1,578||29,811|28,143||
|Expenditure
on:|||||||||
|Charitable
activities:|||||||||
|Water rates and council tax|||5,711|||5,711|5,787||
|Insurance|||1,073|||1,073|1,036||
|General repairs||||813||813|1,518||
|Major repairs||3|||||||
|Gas and electricity|||10,376|||10,376|7,992||
|Rent collection expenses|||110|||110||130|
|Expenses re allotments||||||||270|
|Void rents|||||||||
|Other:|||||||||
|Secretary's
expenses|||835|||835||787|
|Accountancy
and professional|||||||||
|few||4|519|||519||300|
|Subscriptions|||182|||182||179|
|Sundry expenses|||122|||122||121|
|TOTAL EXPENSES|||18,928|813||19,741|18,120||
|Net gams/(losses)
on|||||||||
|investments|||(3,246)|(3,787)||(7,033)|12,270||
|Net income/(expenditure)|||6,059|(3,022)||3,037|22,293||
|Transfers
between funds|||||||||
|Net movement
in funds|||6,059|(3,022)||3,037|22,293||
|Reconciliation
offunds:|||||||||
|Funds brought
forward|at||||||||
|6 January 2020|||81,764|38,668|11,050|131,482|109,189||
|Funds canded forward|at||||||||
|5 January 2021|||87,833|38,666|11,050|134,519|131,482||
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|AS AT 5|JANUARY|2021||||||||
|---|---|---|---|---|---|---|---|---|---|
||||||2020|||2019||
||||Note|||||||
|Fixed Assets||||||||||
|Tangible assets||||||11,050|||11,050|
|Investments||||||106,957|||105,129|
||Total fixed assets|||||118,007|||116,179|
|Current|Assets|||||||||
|Debtors|and prepayments|||476||||||
|Cash at|bank and in|hand||19,376|||16,265|||
|||||19,852|||16,908|||
|Current|Liabilities|||||||||
|Creditors: amounts||falling due within one||||||||
||||year:|||||||
||Creditors|and accruals|7|3,340|||1,605|||
|Net current
assets/Iiiabilities)||||||16,512|||15,303|
|Total net|assets/(liabilities)|||||134.319|||131,482|
|The funds ofthe charity:||||||||||
||Endowment
fund|||||11,050|||11,050|
||Restricted|fund||||35,646|||38,668|
||Unrestricted
fund|||||87,823|||81,764|
|||Total charity|funds|||134.319|||131,482|
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|||||2021|2020|
|---|---|---|---|---|---|
||||||f|
|Cash flows from operating
activities:||||||
|Cash received from rents and other income||||26,883|24,170|
|Refunds received from suppliers||||||
|||||26,883|24,170|
|Payments
to suppliers||||(19,120)|(21,695)|
|Net cash provided
by/(used|in)|operating|activities|7,763|2,475|
|Cash flows from investing
activities:||||||
|Dividends
and interest from investments||||348|349|
|Purchases of investments||||(5,000)||
|Proceeds from sales of investments||||||
|Net cash provided
by/(used|in)|investing|activities|(4,652)|349|
|Change in cash and cash equivalents
in|the|year||3,111|2,824|
|Cash and cash equivalents
at 6January|2020|||16,265|13,441|
|Cash and cash equivalents
at 5January||2021||19,376|16,266|
|RECONCILIATION
OF CASH FLOWS FROM|||OPERATING ACTIVITIES|||
|Net income/(expenditure)
for the year||||3,037|22,293|
|Adjustments
for.||||||
|(Gains)/losses
on investments||||7,033|(12,270)|
|Dividends
received from mvestments||||(3,860)|(3,630)|
|Purchase' of investments||||(5,000)||
|(Increase)/decrease
in debtors||||167|(197)|
|Increase/(decrease)
in creditors||||1,735|(3,372)|
|||||3,111|2,824|
|ANALYSIS OF CASH AND CASH|EQUIVALENTS|||||
|Cash in hand
- current account||||13,203|10,094|
|Cash in hand
—instant access deposit account||||6,174|6,171|
|||||19,377|16,265|
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|4.|Accountancy|and professional|fees||2021|2020|
|---|---|---|---|---|---|---|
|||Accountancy
fees|||150|150|
|||Independent
examiners||fee|300|150|
|||Land registry fee|||||
||||||450|300|
||Allocated
between funds:||||||
|||Unrestricted
funds|||450||
|||Restricted
fund|||||
||||||460||
||||||2021|2020|
||IQuoted investments||||||
||Market value at 6 January 2020||||105,129|89,229|
||Reinvestment
of dividend
income||||3,860|3,630|
||Additions||||5,000||
||Net realised|investment
gain|||||
||Net unreallsed
investment
gain/(loss)||||(7,0321|12,270|
||Market value at 5January 2021||||106,957|105,129|
||Historical|cost at 5January 2021|||17,126|12,126|
|||||2021|2020|
|---|---|---|---|---|---|
|6.|Debtors|and|prepayments|||
||||Debtors||183|
||||Prepayments|476|460|
|||||476|643|
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||||2021|2020|
|---|---|---|---|---|
|Creditors:|amounts
falling due within|one year|||
||Repairs to almshouses||||
||Independent
examiners|fee|300|150|
||Accountancy
fees||300|150|
||Light and heat accrual||1,641|1,305|
||Rents received in advance||1,099||
||||3,340|1,605|
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|nalysis ofcharitable
f|unds||||
|---|---|---|---|---|
||Unrestricted|Restricted|Endowment|Total|
||Fund|Fund|Fund|Funds|
|Opening
at|||||
|6 January 2020|81,764|38,668|11,050|131,482|
|Income|28,233|1,578||29,811|
|Expenditure|(18,928)|(813)||(19,741)|
|Transfers|||||
|Gains/(losses)|(3,246)|(3,787)||(7,033)|
|At 5January 2021|87,823|35,646|11,050|134,519|
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