REGISTERED CHARITY NUMBER: 218634
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2020 for
The James Lloyd Almshouses Trust
The James Lloyd Almshouses Trust
Contents of the Financial Statements for the Year Ended 31 December 2020
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities 2020 | 7 |
| Statement of Financial Activities 2019 Comparatives | 8 |
| Balance Sheet | 9 |
| Notes to the Financial Statements | 11 |
| Detailed Statements of Financial Activities 2020 | 17 |
| Detailed Statements of Financial Activities 2019 | 19 |
The James Lloyd Almshouses Trust
Report of the Trustee
for the Year Ended 31st December 2020
The trustee present it's report with the financial statements of the charity for the year ended 31 December 2020. The trustee has adopted the provisions of the Statement of Recommended Practice (SORP (FRS102)) 'Accounting and Reporting by Charities'.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
218634
Principal address
219 Heath Road Bournville Birmingham West Midlands B30 1RU
Trustee
James Lloyd Almshouses Trustee Ltd The Corporate Trustee
Independent examiner
R B Welch MA FCA P & W Social Accountants Ltd 10 Newent Road Northfield Birmingham B31 2ED
Solicitors
Veale Wasbrough Vizards LLP Second Floor 3 Brindley Place Birmingham B1 2JB
Investment Advisers
Smith & Williamson 3rd Floor 9 Colmore Row Birmingham B3 2BJ
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The Trust was founded by a declaration of Trust dated 12 October 1869 and is now governed by a Charity Commission Scheme dated 20 April 2012.
By virtue of that Scheme James Lloyd Almshouses Trustee Limited was appointed as Corporate Trustee of the Charity on 20 April 2012 in place of the existing trustees and acts as the sole trustee. James Lloyd Almshouses Trustee Limited has a board of 9 unpaid directors who are nominated to the board based on their relevant expertise.
The Corporate Trustee's directors meets 4 times a year to discuss, monitor and review activities.
Page 1
The James Lloyd Almshouses Trust
Report of the Trustee
for the Year Ended 31st December 2020
Within the Corporate Trustee there are 3 Sub Committees being those for Welfare, Property and Finance. These Sub Committees meet as and when required to deal with matters arising. Reports of those Sub Committees are made to the Full Board of Directors of the Corporate Trustee at the next full meeting.
The Directors of James Lloyd Almshouses Trustee Limited
P Babington Resigned 1st July 2020
P Bowden J Hurst D Leadbeater L Matheson A Shrimpton R Stanton F Wayt
Risk management
The trustee has a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The prime objective of the trust is to provide sheltered accommodation for elderly women. The trustee aims to
Promote the wellbeing and independence of the residents. Encourage communal activities. Provide a good quality garden. Provide good quality housing. Manage the resources of the trust effectively and efficiently.
Public benefit
The Trustee has considered the Charity Commissions guidance on public benefit, in particular, the trustees consider how future developments will contribute to the objectives and aims they have set.
ACHIEVEMENT AND PERFORMANCE
2020 has been dominated by the COVID-19 virus, which became a significant factor from March.
We have some 31 older, single women, who live fully independent lives, but with a degree of shelter and support. Immediately, we had to close down the Common Room, so all activities came to a standstill, and with no outside entertainers allowed on site. Every effort was made to prevent the disease entering our buildings, and if it did, to limit any spread.
Special cleaning was undertaken on site, and advice to the ladies, some of whom were in the 'extremely vulnerable' category. Yet, we still had to maintain our repair service, ensuring our Scheme Manager, contractors, and residents, were kept as safe as possible. Routine safety checks were also maintained on schedule, including the alarms, Legionella checks, and the boiler safety and servicing. Our Major Works programme was also achieved. This included, 15 internal wiring checks; three new boilers; four modernisations; the final stair lift provision; a flat roof renewal; redecoration of the communal stairs and landings; the final phase of the external light improvement; and some additional storage facilities for the residents, with great thanks being due to our Scheme Manager. The only delay was been the final phase of the 2019 Charitable Appeal which we made for a "Wellbeing" project, with the shed and greenhouse arriving in January 2021. Thanks for the financial help goes to the following Charities:-
Page 2
The James Lloyd Almshouses Trust
Report of the Trustee for the Year Ended 31st December 2020
The Baron Davenport Trust The Edward Cadbury Charitable Trust The Lord Austin Trust The Dumbreck Charity LJC Fund The Richard Cadbury Charitable Trust and The CB and HH Taylor Trust.
Our normal governance by the Trustee, through the Directors of the Trustee Company continued on schedule, with the exception of one single Welfare Committee meeting, which was lost, but of course the participants are now meeting on Zoom.
Our policies were reviewed in the summer, and we are satisfied that our charitable public service, and operation on a 'non-profit basis', is maintained. We comply with the Charity Commission recommendations, and those of the Almshouse Association. Neither the Trustee or the Directors of the Trustee Company received any pay, or even any reimbursement for expenses, and any conflicts of interest are recorded.
We are pleased we have been able to maintain full occupancy, filling the four vacancies after modernisation that occurred during the year, keeping the Weekly Maintenance Contribution, (WMC), within the budget figure set by the Trustee. However, we are conscious there is more to physical and mental well-being than the Coronavirus, and that there may well be a lasting legacy that we shall be happy to monitor. To begin with, the Trustee has allocated more resources to activities, which we hope can safely begin later in 2021.
2020 Reserves
The Directors of the Corporate Trustee manage the original endowment, plus the accumulated capital growth, and use it to maintain the James Lloyd Almshouses.
During the year, the Directors of the Corporate Trustee met to consider the level of investments held to determine whether it was appropriate to gradually increase the holding, in order to allow for substantial improvement works, or replacement buildings, in due course.
Having reviewed the reserves and level of annual income and expenditure, we have concluded that there are sufficient resources to meet current and short-to-medium term liabilities.
FINANCIAL REVIEW
During the year under review, the Charity recorded an overall surplus and movement of funds of 83,216, (2019: surplus of £115,172). There is an unrealised gain on investments of£24,351,(2019: gain of £61,599), and a loss on sale of investments of £822, (2019: surplus of £11,455). The surplus that accrued from charitable activities amounted to £59,687, (2019: surplus £42,119). The Directors of the Corporate Trustee agreed to transfer £30,000 to the Extraordinary Repair Fund (ERF).
Over the 12 months ended 31st December 2020,the portfolio recorded a gain in total return terms of 7%,compared to a gain in the benchmark index of 1.9%. Over 3 years, the portfolio has risen cumulatively by 20.3% and 5years by 50.4%. Over every measured period the portfolio has outperformed its benchmark index.
Investment income received totalled £17,341 [2019; £18,433], which equates to an overall average gross yield of 2.7%. The income received exceeded our budget target of £17,000. The shortfall in income can be attributed to Covid19 and the decision by many companies to defer the payment of their dividends in 2020.
Page 3
The James Lloyd Almshouses Trust
Report of the Trustee
for the Year Ended 31st December 2020
The investment strategy, which is reviewed on annual basis with the investment managers, is to achieve a balance between income and long term capital growth. During the period under review, the portfolio has benefited from the strong relative performance of global equity markets [particularly the USA], which forms the major part of the Charity's equity portfolio. This has been achieved against the background of a pandemic which has totally dominated global economic activity during the last 12 months.
The charity's investment portfolio is managed on a discretionary basis by Smith & Williamson, from their offices based in Birmingham. The Finance sub- committee met twice a year to review strategy and investment performance and The Full Board invites the investment manager[s] to present their annual review in March. The Chairman of the Finance Committee maintains regular contact with the investment managers for periodic updates then to report to the Main Board.
The Charity currently has on bank deposits a larger surplus than normal. However, the capital expenditure programme planned for 2021, will require withdrawals from the ERF to finance fire doors for the whole of the estate. Roof repairs are also a major capital expenditure over the coming months. When both projects have been completed the Finance committee will review finances and submit a proposal to the Main Board for the possible release of monies for long term investment.
In last years report we referred to the coronavirus and the adverse impact it was having on the value of the portfolio. Twelve months on the pandemic is still prevalent although the use of vaccines will hopefully allow us to return to some form of normality later in the year. In view of the foregoing markets will remain volatile and cash in bank maybe the right strategy in the immediate short term.
The Finance Sub Committee of the Corporate Trustee met twice in the year to receive reports from the Property Sub Committee on capital expenditure and to produce and monitor the Budget for the Full Board's consideration.
RESERVES POLICY
The Charity's stated Reserves Policy is that the Charity holds at least six months' expenditure in reserve, either in cash, or short-term deposits. As at 31 December 2020, the Charity held in excess of the funds required to cover six months of expenditure.
FUTURE DEVELOPMENTS
Provision has been made in the 2021 budget with enough money to undertake all the day to day repairs required and for a major works programme. Whilst at the same time holding the residents weekly maintenance contribution (WMC) at the 2020 level. We plan in the year to undertake electrical wiring checks to a further five units. We also plan to provide more storage space for the residents, in purpose made outside containers. We will also carry out a substantial check of the main roofs, removing the moss, carry out any minor repairs and replace the timber facias etc with reduced maintenance UPVC.
All legal and recommended safety checks will be carried out, leaving adequate resources to undertake any modernisations, should a resident leave. We also plan to carry out a replacement of every front door to all 25 flats. These require specialist fire and smoke resisting doors and are to the latest specification arising out of the Grenfell flat inquiry. The Trustee plans to fund this from part of their accumulated exceptional repair fund.
Page 4
The James Lloyd Almshouses Trust
Report of the Trustee
for the Year Ended 31st December 2020
In view of the Coronavirus and Government guidelines these accounts were approved not at the Board of Directors meeting of the Corporate Trustee, but electronically, with all Directors agreeing the documents and authorising the signing and submission to the Charities Commission.
Approved by order of the board of the Corporate Trustee on ......................................... and signed on its behalf by:
.............................................
A Shrimpton on behalf of James Lloyd Almshouses Trustee Ltd - Trustee
Page 5
Independent Examiner's Report to the Trustee of The James Lloyd Almshouses Trust
I Report on the accounts for the year ended 31st December 2020 set out in the following pages.
Respective responsibilities of trustee and examiner
The charity's trustee is responsible for the preparation of the accounts. The charity's trustee considers that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.
It is my responsibility to:
examine the accounts under Section 145 of the 2011 Act
to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and
to state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as the directors of the corporate trustee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me reasonable cause to believe that in any material respect:
(1) accounting records were not kept in respect of the charity as required by section 130 of the 2011 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 Chariities' (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.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
R B Welch MA FCA P & W Social Accountants Ltd
10 Newent Road Northfield Birmingham B31 2ED
Date ........................................
Page 6
The James Lloyd Almshouse Trust
Statement of Financial Activities for the Year Ended 31 December 2020
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM: Donations and legacies 28 Investment income 2. 17,341 Income from charitable activities Providing accommodation for elderly women 190,955 Total income 208,325 EXPENDITURE ON: Charitable activities Providing accommodation for elderly women 141,667 Total expenditure 141,667 Net income before gains and (losses) on investment 66,658 Investment gains/(losses) Realised (loss) /gains on sale of investments (822) Unrealised gains on investments 24,351 NET MOVEMENT IN FUNDS 90,187 RECONCILIATION OF FUNDS Total funds brought forward 9. 1,418,018 TOTAL FUNDS CARRIED FORWARD 9. 1,508,205 |
Restricted and Endowment funds £ - - - - 6,971 6,971 (6,971) - - (6,971) 115,655 108,684 |
31.12.20 Total funds £ 28 17,341 190,955 208,325 148,637 148,637 59,687 (822) 24,351 83,216 1,533,673 1,616,889 |
31.12.19 Total funds £ 11,031 18,433 186,231 |
|---|---|---|---|
| 215,695 173,576 |
|||
| 173,576 | |||
| 42,119 11,455 61,599 |
|||
| 115,172 1,418,500 |
|||
| 1,533,673 |
The notes form part of these financial statements Page 7
The James Lloyd Almshouse Trust
Comparative Statement of Financial Activities for the Year Ended 31 December 2019
| Notes INCOME AND ENDOWMENTS FROM: Donations and legacies Investment income Income from charitable activities Providing accommodation for elderly women Total income EXPENDITURE ON: Charitable activities Providing accommodation for elderly women Total expenditure Net income before gains and (losses) on investment Investment gains/(losses) Realised gains on sale of investments Unrealised gain/(losses) on investments NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS Total funds brought forward 10. TOTAL FUNDS CARRIED FORWARD 10. |
Unrestricted funds £ - 18,433 186,231 204,664 166,594 166,594 38,070 11,455 61,599 111,123 1,306,895 1,418,018 |
Restricted and Endowment funds £ 11,031 - - 11,031 6,982 6,982 4,049 - - 4,049 111,605 115,655 |
31.12.19 Total funds £ 11,031 18,433 186,231 215,695 173,576 173,576 42,119 11,455 61,599 115,172 1,418,500 1,533,672 |
31.12.18 Total funds £ - 16,670 179,387 |
|---|---|---|---|---|
| 196,057 175,721 |
||||
| 175,721 | ||||
| 20,336 15,147 (55,777) |
||||
| (20,294) 1,438,794 |
||||
| 1,418,500 |
The notes form part of these financial statements Page 8
The James Lloyd Almshouse Trust
Balance Sheet At 31 December 2020
| Notes FIXED ASSETS Tangible assets 5. Investments 6. CURRENT ASSETS Debtors 7. Cash at bank and in hand CREDITORS Amounts falling due within one year 8. NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 9. Unrestricted funds Restricted funds Permanent Endowment Fund TOTAL FUNDS |
Unrestricted funds £ 677,966 645,849 |
Restricted funds £ 25,304 - 25,304 - - - - - 25,304 25,304 |
Endowment Fund 83,380 83,380 - - - - - 83,380 83,380 |
31.12.20 Total funds £ 786,650 645,849 1,432,498 9,202 186,378 195,580 (11,190) 184,391 1,616,889 1,616,889 1,508,205 25,304 83,380 1,616,889 |
31.12.19 Total funds £ 782,839 600,591 |
|---|---|---|---|---|---|
| 1,323,814 9,202 186,378 |
1,383,429 8,002 153,701 |
||||
| 195,580 (11,190) |
161,704 (11,460) |
||||
| 184,391 1,508,205 |
150,244 1,533,673 |
||||
| 1,508,205 | 1,533,673 | ||||
| 1,418,018 32,275 83,380 |
|||||
| 1,533,673 |
The notes form part of these financial statements Page 9
The James Lloyd Almshouse Trust
Balance Sheet At 31 December 2020
The financial statements were approved by the Board of Directors of James Lloyd Almshouses Trustee Ltd, the Corporate Trustee on ............................................. and were signed on its behalf by
............................................. A Shrimpton James Lloyd Almshouses Trustee Ltd -Trustee
............................................. F Wayt James Lloyd Almshouses Trustee Ltd -Trustee
............................................. P Bowden James Lloyd Almshouses Trustee Ltd-Trustee
The notes form part of these financial statements Page 10
The James Lloyd Almshouses Trust
Notes to the Financial Statements for the Year Ended 31 December 2020
1. ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets and in accordance with the Financial Reporting Standard 102, the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
No depreciation is provided for in respect of the freehold properties held. These properties are fully maintained throughout the year. Depreciation is provided at 10% on cost for stairlifts and scooter stores. Fixture and Fittings are depreciated at 10% and 20% to reflect their expected useful life of each purchase. Computer expenditure is depreciated at 25%.
Taxation
The charity is exempt from tax on its charitable activities
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustee.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements
Pension costs and other post-retirement benefits
Contributions payable to the Scheme Manager's private pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Going Concern
The trustee considers that there are no material uncertainties about the Trusts' ability to continue as a going concern. There are no material uncertainties affecting the current year's accounts.
Reporting Currency
The reporting currency is £ Sterling.
The notes form part of these financial statements Page 11
The James Lloyd Almshouses Trust
Notes to the Financial Statements for the Year Ended 31 December 2020
- INVESTMENT INCOME
| 31.12.20 | 31.12.19 | |
|---|---|---|
| £ | £ | |
| Income from UK investments | 17,341 | 18,433 |
3. TRUSTEES' REMUNERATION, BENEFITS AND DONATIONS
Trustee’s remuneration
Neither the Trustee or the Directors of the Corporate Trustee received any remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.
Trustee’s expenses
There were no expenses paid to the Trustee or the Directors of the Corporate Trustee for the year ended 31 December 2020 nor for the year ended 31 December 2019.
Trustee’s donations
There were no donations from the Trustee or the Directors of the Corporate Trustee for the year ended 31 December 2020 nor for the year ended 31 December 2019.
- STAFF COSTS
| STAFF COSTS | ||
|---|---|---|
| 31.12.20 | 31.12.19 | |
| £ | £ | |
| Wages and salaries | 30,106 | 26,123 |
| Social security costs | - | - |
| Other pension costs | 1,776 | 1,411 |
| 31,882 | 27,533 | |
| The average monthly number of employees during the year was as follows: | ||
| 31.12.20 | 31.12.19 | |
| 2 | 2 |
No employees received emoluments in excess of £60,000.
The notes form part of these financial statements
Page 12
The James Lloyd Almshouses Trust
Notes to the Financial Statements for the Year Ended 31 December 2020
5. TANGIBLE FIXED ASSETS
| At 31 December 2020 DEPRECIATION Charge for year At 31 December 2020 At 31 December 2020 At 31 December 2019 At 31 December 2020 DEPRECIATION Charge for year At 31 December 2020 At 31 December 2020 At 31 December 2019 COST At 1 January 2020 Additions At 1 January 2020 NET BOOK VALUE At 1 January 2020 Additions COST At 1 January 2020 NET BOOK VALUE |
Freehold property £ 806,826 - 806,826 71,311 - 71,311 735,515 735,515 Fixtures and fittings £ 51,210 - 51,210 25,175 6,520 31,695 19,515 26,035 |
Property improvements £ 7,973 11,632 19,605 3,986 797 4,784 14,821 3,986 Computer equipment £ 2,129 - 2,129 1,376 359 1,735 394 753 |
Plant and machinery £ 39,262 4,385 |
|---|---|---|---|
| 43,647 | |||
| 22,713 4,530 |
|||
| 27,243 | |||
| 16,404 | |||
| 16,549 | |||
| Totals £ 907,400 16,017 |
|||
| 923,418 | |||
| 124,562 12,206 |
|||
| 136,768 | |||
| 786,650 | |||
| 782,839 |
The notes form part of these financial statements Page 13
The James Lloyd Almshouses Trust
Notes to the Financial Statements for the Year Ended 31 December 2020
6. FIXED ASSET INVESTMENTS
| Share Securities Fixed Interest Securities £ £ MARKET VALUE At 1 January 2020 516,377 81,747 Additions 28,168 27,947 Disposals (45,062) (15,925) Revaluations 21,211 3,140 At 31 December 2020 520,695 96,909 NET BOOK VALUE At 31 December 2020 520,695 96,909 At 31 December 2019 516,377 81,747 All investments were held in the UK. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade debtors Other debtors |
UK Cash held as part of portfolio £ 2,467 85,228 (59,450) - 28,244 28,244 2,467 31.12.20 £ 2,909 6,293 9,202 |
Totals £ 600,591 141,343 (120,437) 24,351 |
|---|---|---|
| 645,849 | ||
| 645,849 | ||
| 600,591 | ||
| 31.12.19 £ 1,811 6,192 |
||
| 8,002 |
- DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade creditors Other creditors |
31.12.20 £ 1,606 9,584 11,190 |
31.12.19 £ 2,954 8,506 |
|---|---|---|
| 11,460 |
The notes form part of these financial statements Page 14
The James Lloyd Almshouses Trust
Notes to the Financial Statements for the Year Ended 31 December 2020
9. MOVEMENT IN FUNDS
| At 1.01.20 £ Unrestricted funds General fund 1,326,967 Extraordinary repair fund 91,051 1,418,018 Permanent Endowment Fund 83,380 Restricted funds Health and wellbeing 10,714 Stair lift 12,118 Scooter Store 3,986 Laundry 5,456 32,275 TOTAL FUNDS 1,533,673 Incoming resources £ Unrestricted funds General fund 208,325 Restricted funds Health and wellbeing - Stair lift - Scooter Store - Laundry - - TOTAL FUNDS 208,325 Net movement in funds, included in the above are as |
Net movement in funds £ 90,187 - - 90,187 - (306) (3,139) (797) (2,728) (6,971) 83,216 Resources expended £ (141,667) (306) (3,139) (797) (2,728) (6,971) (148,637) follows: |
Transfer between funds £ (30,000) 30,000 - - - - - - - - - Gains and losses on investments £ 23,529 - - - - - 23,529 |
At 31.12.20 £ 1,387,154 121,051 - |
|---|---|---|---|
| 1,508,205 83,380 10,408 8,979 3,189 2,728 |
|||
| 25,304 | |||
| 1,616,889 | |||
| Movement in funds £ 90,187 (306) (3,139) (797) (2,728) |
|||
| (6,971) | |||
| 83,216 |
The notes form part of these financial statements Page 15
The James Lloyd Almshouses Trust
Notes to the Financial Statements for the Year Ended 31 December 2020
10. 2019 COMPARATIVE MOVEMENT IN FUNDS
| At 1.01.19 £ Unrestricted funds General fund 1,245,844 Extraordinary repair fund 61,051 1,306,895 Permanent Endowment Fund 83,380 Restricted funds Health and wellbeing - Stair lift 15,257 Scooter Store 4,784 Laundry 8,185 28,225 TOTAL FUNDS 1,418,500 Incoming resources £ Unrestricted funds General fund 204,664 Restricted funds Health and wellbeing 11,031 Stair lift - Scooter Store - Laundry - 11,031 TOTAL FUNDS 215,695 Net movement in funds, included in the above are as |
Net movement in funds £ 111,123 - 111,123 - 10,714 (3,139) (797) (2,728) 4,049 115,172 Resources expended £ (166,594) (317) (3,139) (797) (2,728) (6,982) (173,576) follows: |
Transfer between funds £ (30,000) 30,000 - - - - - - - - Gains and losses on investments £ 73,054 - - - - - 73,054 |
At 31.12.19 £ 1,326,967 91,051 |
|---|---|---|---|
| 1,418,018 83,380 10,714 12,118 3,986 5,456 |
|||
| 32,275 | |||
| 1,533,673 | |||
| Movement in funds £ 111,123 10,714 (3,139) (797) (2,728) |
|||
| 4,049 | |||
| 115,172 |
The notes form part of these financial statements Page 16
The James Lloyd Almshouses Trust
Detailed Statement of Financial Activities for the Year Ended 31 December 2020
| INCOME Voluntary income Donations Investment income Income for UK Investments Income from charitable activities Residents' Maintenance Contribution Total incoming resources RESOURCES EXPENDED Charitable activities Wages National Insurance Pensions Employee Life Assurance Rates and water Insurance Light and heat Sundries Repairs and maintenance Cleaning Gardening TV and music licence Warden out of hours call service Staff travel Supervising cyclical repairs and assessments Website development, hosting and advertising Warden activities Summer Event / 150th Anniversary Celebrations Training Bad debts Depreciation of property improvements Depreciation of plant and machinery Depreciation of fixtures and fittings Depreciation of computer equipment Donations |
Unrestricted funds £ 28 28 17,341 190,955 208,325 30,106 - 1,776 243 4,238 4,151 15,612 749 52,067 4,757 2,960 328 2,329 73 - - 2,037 - 621 - - 1,391 3,486 359 100 127,384 |
Restricted funds £ - - - - - - - - - - - - - - - - - - - - - - - - - 797 3,139 3,034 - - 6,971 |
31.12.20 £ 28 28 17,341 190,955 208,325 30,106 - 1,776 243 4,238 4,151 15,612 749 52,067 4,757 2,960 328 2,329 73 - - 2,037 - 621 - 797 4,530 6,520 359 100 134,355 |
31.12.19 £ 11,031 |
|---|---|---|---|---|
| 11,031 18,433 186,231 |
||||
| 215,695 26,123 - 1,411 234 4,463 3,689 15,315 459 61,722 4,564 3,361 320 2,689 77 12,250 1,019 3,678 2,842 232 1,409 797 4,091 6,756 359 100 |
||||
| 157,960 |
The notes form part of these financial statements Page 17
The James Lloyd Almshouses Trust
Detailed Statement of Financial Activities for the Year Ended 31 December 2020
| Unrestricted funds £ Support costs Telephone 882 Postage, stationery and computer 1,373 Hire of office equipment 441 Stockbroker fee 3,296 Accountancy and bookkeeping 8,290 14,282 Total resources expended 141,667 Net funds before gains and losses on investments 66,658 Realised (loss) / gain on investments (822) Unrealised gains on investments 24,351 Net movement in funds 90,187 |
Restricted funds £ - - - - - - 6,971 (6,971) - - (6,971) |
31.12.20 £ 882 1,373 441 3,296 8,290 14,282 148,637 59,687 (822) 24,351 83,216 |
31.12.19 £ 882 2,334 478 3,393 8,529 |
|---|---|---|---|
| 15,617 173,576 |
|||
| 42,119 11,455 61,599 |
|||
| 115,172 |
The notes form part of these financial statements Page 18
The James lloyd Almshouse Trust
Comparative detailed Statement of Financial Activities for the Year Ended 31 December 2019
| INCOME Voluntary income Donations Investment income Income for UK Investments Income from charitable activities Residents' Maintenance Contribution Total incoming resources RESOURCES EXPENDED Charitable activities Wages National Insurance Pensions Employee Life Assurance Rates and water Insurance Light and heat Sundries Repairs and maintenance Repairs and maintenance (from the ERF) Cleaning Gardening TV and music licence Warden out of hours call service Staff travel Supervising cyclical repairs and assessments Website development, hosting and advertising Warden activities 150th Anniversary Celebrations Training Bad debts Depreciation of property improvements Depreciation of plant and machinery Depreciation of fixtures and fittings Depreciation of computer equipment Donations |
Unrestricted funds £ - - 18,433 186,231 204,664 26,123 - 1,411 234 4,463 3,689 15,315 447 61,722 - 4,564 3,361 320 2,689 77 12,250 1,019 3,678 2,842 232 1,409 - 952 3,722 359 100 150,978 |
Restricted funds £ 11,031 11,031 - - 11,031 - - - - - - - 11 - - - - - - - - - - - - - 797 3,139 3,034 - - 6,982 |
31.12.19 £ 11,031 11,031 18,433 186,231 215,695 26,123 - 1,411 234 4,463 3,689 15,315 459 61,722 - 4,564 3,361 320 2,689 77 12,250 1,019 3,678 2,842 232 1,409 797 4,091 6,756 359 100 157,960 |
31.12.18 £ - |
|---|---|---|---|---|
| - 16,670 179,387 |
||||
| 196,057 25,291 - 1,048 - 5,275 3,137 19,363 376 50,690 22,011 4,891 3,544 311 2,347 73 7,529 - 1,676 - 401 197 797 3,761 6,450 324 - |
||||
| 159,493 |
The notes form part of these financial statements Page 19
The James lloyd Almshouse Trust
Comparative detailed Statement of Financial Activities for the Year Ended 31 December 2019
| Unrestricted funds £ Support costs Telephone 882 Postage, stationery and computer 2,334 Hire of office equipment 478 Stockbroker fee 3,393 Accountancy and bookkeeping 8,529 15,617 Total resources expended 166,594 Net funds before gains and losses on investmen 38,070 Realised gains on investments 11,455 Unrealised gain / (losses) on investments 61,599 Net movement in funds 111,123 |
Restricted funds £ - - - - - - 6,982 4,049 - - 4,049 |
31.12.19 £ 882 2,334 478 3,393 8,529 15,617 173,576 42,119 11,455 61,599 115,172 |
31.12.18 £ 1,848 1,831 752 3,375 8,422 |
|---|---|---|---|
| 16,228 175,721 |
|||
| 20,336 15,147 (55,777) |
|||
| (20,294) |
The notes form part of these financial statements Page 20