**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**
2. **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.
4. **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|
7. **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