**REGISTERED CHARITY NUMBER: 218634**
**Report of the Trustees and Unaudited Financial Statements for the Year Ended 31 December 2021 for**
**The James Lloyd Almshouses Trust**
**The James Lloyd Almshouses Trust**
## **Contents of the Financial Statements for the Year Ended 31 December 2021**
||**Page**|
|---|---|
|Report of the Trustees|1|
|Independent Examiner's Report|6|
|Statement of Financial Activities 2021|7|
|Statement of Financial Activities 2020 Comparatives|8|
|Balance Sheet|9|
|Notes to the Financial Statements|11|
|Detailed Statements of Financial Activities 2021|17|
|Detailed Statements of Financial Activities 2020|19|
**The James Lloyd Almshouses Trust**
## **Report of the Trustee**
## **for the Year Ended 31st December 2021**
The trustee present its report with the financial statements of the charity for the year ended 31 December 2021. 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 2021**
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.
After a period of holding Directors' meetings and Sub-Committee meetings online, we were pleased to return to faceto-face meetings, and will monitor the Government advice in respect of the pandemic, as the New Year unfolds. The Directors held a major review of its Policies during the year, and thanks to a working party of two Directors, we are satisfied that our charitable public service, and operation on a non-profit basis, is maintained. We comply with the Charity Commission and Almshouse Association recommendations. Conflicts of interest are recorded at each meeting. Neither the Trustee nor the Directors of the Trustee Company receive any pay or reimbursement of expenses
## **The Directors of James Lloyd Almshouses Trustee Limited**
P Bowden J Hurst D Leadbeater L Matheson A Shrimpton R Stanton F Wayt
## **Risk management**
The Charity operates a Risk Register, which looks at the risks and threats to which the Charity is exposed. This is reviewed on an annual basis. The Corporate Trustee is satisfied that appropriate controls are in place to provide reasonable assurance against fraud or 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**
A further year under COVID-19 restrictions has continued to make life more difficult. The site is of course set up as independent living, but as a community, and with our Scheme Manager on site, there is a responsibility for residents' well-being, both physical and mental.
There is a legal responsibility, as owners of the complex, to maintain the buildings in good order, and there are many legal standards and recommended good practice to follow. This we have discharged, but again, COVID restrictions have made life much harder. In addition to the day-to-day repairs and checks, there is an ongoing major repairs programme, and this year, we included further measures in order to meet increased fire precautions.
Page 2
**The James Lloyd Almshouses Trust**
## **Report of the Trustee**
## **for the Year Ended 31st December 2021**
There is a combination of increased standards, especially related to fire resistance, coupled with the age of the buildings, which do seem to be at a tipping point, together with a soon to be replaced alarm system, as the national telephone system turns digital. We are also aware of the Government requirement to reduce the carbon footprint, which will involve replacing all the gas-fired central heating and hot water systems, together with enhanced insulation.
All this is known to require considerable expenditure, and in order to put some more specific costs to these ongoing needs, we are in the process of commissioning a new Condition Survey in 2022, which will be completed on time for the 2023 Budget preparation in the late Summer.
Turning to the larger achievements in the year, we finally completed the shed/greenhouses and raised beds, which was mostly funded from charitable donations, for which we are most grateful. In particular, the Baron Davenport Charitable Trust, who had previously contributed towards the shed/greenhouse project, in addition totally funded converting the Common Room toilet into a wet room and walk-in shower.
We were also able to continue with an ongoing programme to check the electrical safety of the individual units on a five-yearly cycle. The major project completed in 2021 was to the roofs, which included cleaning, moss removal, and repair, all new rainwater drainage, and provision of UPVC fascias, etc., which will no longer require periodic painting.
A new Fire Risk Assessment, (FRA), resulted in a significant list of essential items, some of which had previously received attention, but no longer met the recent and increased standards. In particular, front doors to five flats which were 30-minute fire and smoke resistant, did not meet the now double-sided test. We therefore replaced 25 front doors to flats, plus further fire-stopping, extended alarms, and new fire-resistant loft hatches. This work is not quite complete as there are a further eight fire doors to replace to the former communal bathrooms, now only housing central heating boilers. These will be fitted in early 2022.
Unusually, we had not needed to upgrade any of the living units, having had no voids for some time. However, right at the end of 2021, two residents left for more specialised accommodation to meet their needs, and an existing resident will transfer to one of the vacant units. This will then involve three units to be upgraded at the beginning of 2022.
## **FINANCIAL REVIEW**
During the year under review, the Charity recorded an overall surplus and movement of funds of £112,744, (2020: surplus of £83,216). There is an unrealised gain on investments of £66,135, (2020: gain of £24,351), and a gain on sale of investments of £21,249, (2020: loss of £822). The surplus that accrued from charitable activities amounted to £25,361, (2020: surplus £59,687). The Directors of the Corporate Trustee agreed to transfer £30,000 to the Extraordinary Repair Fund (ERF).
The portfolio is managed on a discretionary basis by a specialist team of investment managers with detailed knowledge of Charity law. The Directors meet the investment manager on an annual basis to receive their report.
The Finance sub-committee of the Corporate Trustee meet twice a year to receive reports from the Property subcommittee on capital expenditure and to produce and monitor the Budget for the Full Boards consideration.
## **2021 Reserves**
The Trust has been able undertake the fire door replacements, as listed in the Fire Risk Assessment, out of 2021 current surplus but it would appear likely that the need to dip into the Reserves will arise as standards increase, the buildings requiring additional maintenance, and as the carbon reduction programme begins to take effect. A full building Condition Survey will be undertaken in 2022.
Page 3
**The James Lloyd Almshouses Trust**
## **Report of the Trustee**
## **for the Year Ended 31st December 2021**
The Directors are satisfied that the original endowment, plus accumulated capital growth, is sufficient to maintain the buildings in the short to medium term, but longer-term, and ultimately when the buildings require demolition and renewal, that the level of Reserves needs to be kept under review.
The Directors received a report advising that the properties could be expected to continue to be useful into the 2060's, but beyond that seemed to be unlikely to be fit for purpose. Considering that our insurance reinvestment figure is £4.4m., (excluding any land value), the Directors resolved to make specific funding each year into our investments in order that the future Directors will be in a position to bid for land, and be able to fund a suitable building scheme
In the last financial review reference was made to the size of the surplus cash held on bank deposits and reserves. The Chairman has already made reference to the capital expenditure programme undertaken in 2021. During the ensuing period, the Full Board have reviewed the Charity's Reserve policy, which now forms part of a separate heading in the annual report.
## **Investments**
Over the 12 months ended 31st December 2021, the overall value of the portfolio in total return terms recorded a gain of 16.3% compared to a gain in the benchmark index of 12.5%. Over 3 years, the portfolio has risen by 46.3% and over 5 years by 54.3% respectively. Therefore, over every measured period since inception the portfolio has outperformed its benchmark.
Investment income received totalled £17,298 [2020; £17,341], which equates to an overall average gross yield of 2.27%. The income received exceeded our Budget target of £16,000. The increase in income can be largely due to the resumption of dividend payments by companies following the deferment in 2020 due to Covid.
The investment strategy, which is reviewed on an annual basis with our investment managers, is to achieve a balance between income and long term capital growth. During the period under review, the portfolio has again benefited from the strong performance of global equity markets led by the USA. The sustained recovery in investment activity has been achieved against the continued threat of the coronavirus and towards the end of the year rising global interest rates and inflation.
The Charity's investment portfolio is managed on a discretionary basis by Smith & Williamson, from their offices in Birmingham. The Finance sub- committee meet twice a year to review investment strategy and performance and the Full Board invites the investment manager to present his annual review in the month of March. The Chairman of the Finance Committee maintains regular contact with the investment manager for periodic updates particularly in volatile markets and then reports to the Main Board.
The first 3 months of 2022 has seen market volatility on an unprecedented scale and has required the investment managers to inform the Charity that the capital value of the portfolio had fallen by over 10% since the beginning of 2022. The annual meeting with the investment manager gave the Trustees some degree of reassurance that the investment strategy currently in place would provide long term capital and income growth. However, the war in the Ukraine allied to the prospect of rising inflation and interest rates will result in continued market volatility. The situation is being kept under constant review.
## **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 2021, the Charity held in excess of the funds required to cover six months of expenditure.
Page 4
**The James Lloyd Almshouses Trust**
## **Report of the Trustee for the Year Ended 31st December 2021**
## **FUTURE DEVELOPMENTS**
The 2022 Budget makes provision for all legal and recommended safety checks on site. A specialist surveying practice has been commissioned to undertake a comprehensive Condition Survey of the entire site, and will make recommendation for any urgent, medium, or longer term repairs and improvements. They will at the same time provide an update on our insurance reinstatement value, ensuring we are fully covered against major damage or loss. A specialist Legionella practice has also been engaged to undertake any remedial work arising from its inspection, and also on a longer term basis to provide a Legionella strategy that meets the legal Health and Safety requirements.
We will undertake any modernisations arising from residents leaving through the year, plus finalising every item on the 2021 Fire Risk Assessment. We plan to renew the bin storage facilities on site, which has been an item carried over from our 2021 proposals. A further five units are scheduled for their five-yearly electrical wiring check. We also plan to begin a kitchen modernisation programme, thus ensuring we continue to meet the requirements of the Decent Home Standard. In addition, we will begin the detailed work to provide a design and specification, and consider the implication for a replacement alarm system.
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 2021 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 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.
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 2021**
|**Unrestricted**
**funds**
**Notes**
**£**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
1,002
Investment income
2.
17,298
**Income from charitable activities**
Providing accommodation for elderly women
196,444
**Total income**
214,744
**EXPENDITURE ON:**
**Charitable activities**
Providing accommodation for elderly women
187,669
**Total expenditure**
187,669
**Net income before gains and (losses) on**
**investment**
27,075
**Investment gains/(losses)**
Realised gain / (loss) on sale of investments
21,248
Unrealised gains on investments
66,135
**NET MOVEMENT IN FUNDS**
114,458
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
9.
1,508,205
**TOTAL FUNDS CARRIED FORWARD**
9.
1,622,663|**Restricted**
**and**
**Endowment**
**funds**
**£**
6,895
-
-
6,895
8,609
8,609
(1,714)
-
-
(1,714)
108,684
106,970|**31.12.21**
**Total funds**
**£**
7,897
17,298
196,444
221,639
196,278
196,278
25,361
21,248
66,135
112,744
1,616,889
1,729,633|**31.12.20**
**Total funds**
**£**
28
17,341
190,955|
|---|---|---|---|
||||208,324
148,637|
||||148,637|
||||59,687
(822)
24,351|
||||83,216
1,533,673|
||||1,616,889|
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 2020**
|**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 (loss) /gains on sale of investments
Unrealised gain on investments
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
10.
**TOTAL FUNDS CARRIED FORWARD**
10.|**Unrestricted**
**funds**
**£**
28
17,341
190,955
208,325
141,667
141,667
66,658
(822)
24,351
90,187
1,418,018
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
208,324
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 8
**The James Lloyd Almshouse Trust**
## **Balance Sheet At 31 December 2021**
|**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**
**£**
676,769
759,463|**Restricted**
**funds**
**£**
23,590
-
23,590
-
-
-
-
-
23,590
23,590|**Endowment**
**Fund**
83,380
-
83,380
-
-
-
-
-
83,380
83,380|**31.12.21**
**Total funds**
**£**
783,740
759,463
1,543,202
6,760
207,865
214,625
(28,194)
186,431
1,729,633
1,729,633
1,622,663
23,590
83,380
1,729,633|**31.12.20**
**Total funds**
**£**
786,650
645,849|
|---|---|---|---|---|---|
||1,436,232
6,760
207,865||||1,432,498
9,202
186,378|
||214,625
(28,194)||||195,580
(11,190)|
||186,431
1,622,663||||184,391
1,616,889|
||1,622,663||||1,616,889|
||||||1,508,205
25,304
83,380|
||||||1,616,889|
The notes form part of these financial statements Page 9
**The James Lloyd Almshouse Trust**
## **Balance Sheet At 31 December 2021**
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 2021**
## 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 2021**
## 2. **INVESTMENT INCOME**
||**31.12.21**|**31.12.20**|
|---|---|---|
||**£**|**£**|
|Income from UK investments|17,298|17,341|
## 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 2021 nor for the year ended 31 December 2020.
## **Trustee’s expenses**
There were no expenses paid to the Trustee or the Directors of the Corporate Trustee for the year ended 31 December 2021 nor for the year ended 31 December 2020.
## **Trustee’s donations**
There were no donations from the Trustee or the Directors of the Corporate Trustee for the year ended 31 December 2021 nor for the year ended 31 December 2020.
4. **STAFF COSTS**
|**STAFF COSTS**|||
|---|---|---|
||**31.12.21**|**31.12.20**|
||**£**|**£**|
|Wages and salaries|31,825|30,106|
|Social security costs|-|-|
|Other pension costs|1,883|1,776|
||33,708|31,882|
|The average monthly number of employees during the year was as follows:|||
||**31.12.21**|**31.12.20**|
||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 2021**
## 5. **TANGIBLE FIXED ASSETS**
|At 31 December 2021
**DEPRECIATION**
Charge for year
At 31 December 2021
At 31 December 2021
At 31 December 2020
At 31 December 2021
**DEPRECIATION**
Charge for year
At 31 December 2021
At 31 December 2021
At 31 December 2020
**COST**
At 1 January 2021
Additions
At 1 January 2021
**NET BOOK VALUE**
At 1 January 2021
Additions
**COST**
At 1 January 2021
**NET BOOK VALUE**|**Freehold**
**property**
**£**
806,826
-
806,826
71,311
-
71,311
735,515
735,515
**Fixtures**
**and fittings**
**£**
51,210
4,355
55,566
31,695
7,391
39,087
16,479
19,515|**Property**
**improvements**
**£**
19,605
7,750
27,355
4,784
2,736
7,519
19,836
14,821
**Computer**
**equipment**
**£**
2,129
-
2,129
1,735
359
2,094
35
394|**Plant and**
**machinery**
**£**
43,647
-|
|---|---|---|---|
||||43,647|
||||27,243
4,530|
||||31,773|
||||11,875|
||||16,404|
||||**Totals**
**£**
923,418
12,105|
||||935,523|
||||136,768
15,016|
||||151,784|
||||783,740|
||||786,650|
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 2021**
## 6. **FIXED ASSET INVESTMENTS**
|Share
Securities
Fixed
Interest
Securities
£
£
**MARKET VALUE**
At 1 January 2021
520,695
96,909
Additions
77,246
5
Disposals
(25,396)
(14,846)
Revaluations
68,803
(2,668)
At 31 December 2021
641,348
79,401
**NET BOOK VALUE**
At 31 December 2021
641,348
79,401
At 31 December 2020
520,695
96,909
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
£
28,244
91,592
(81,122)
-
38,714
38,714
28,244
**31.12.21**
**£**
1,281
5,479
6,760|Totals
£
645,849
168,843
(121,364)
66,135|
|---|---|---|
|||759,463|
|||759,463|
|||645,849|
|||**31.12.20**
**£**
2,909
6,293|
|||9,202|
7. **DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
## 8. **CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Trade creditors
Other creditors|**31.12.21**
**£**
2,855
25,339
28,194|**31.12.20**
**£**
1,606
9,584|
|---|---|---|
|||11,190|
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 2021**
## 9. **MOVEMENT IN FUNDS**
|**At 1.01.21**
**£**
**Unrestricted funds**
General fund
1,387,154
Extraordinary repair fund
121,051
1,508,205
**Permanent Endowment Fund**
83,380
**Restricted funds**
Health and wellbeing
10,408
Stairlift
8,979
Scooter Store
3,189
Wet room
Laundry
2,728
25,304
**TOTAL FUNDS**
1,616,889
**Incoming**
**resources**
**£**
**Unrestricted funds**
General fund
214,744
**Restricted funds**
Health and wellbeing
-
Stairlift
-
Scooter Store
-
Wet room
6,895
Laundry
-
6,895
**TOTAL FUNDS**
221,639
Net movement in funds, included in the above are as|**Net**
**movement**
**in funds**
**£**
114,458
-
-
114,458
-
(1,255)
(3,139)
(797)
6,206
(2,728)
(1,714)
112,744
**Resources**
**expended**
**£**
(187,669)
(1,255)
(3,139)
(797)
(690)
(2,728)
(8,609)
(196,278)
follows:|**Transfer**
**between**
**funds**
**£**
(30,000)
30,000
-
-
-
-
-
-
-
-
-
**Gains and**
**losses on**
**investments**
**£**
87,383
-
-
-
-
-
87,383|**At 31.12.21**
**£**
1,471,612
151,051
-|
|---|---|---|---|
||||1,622,663
83,380
9,153
5,840
2,392
6,206
-|
||||23,590|
||||1,729,633|
||||**Movement**
**in funds**
**£**
114,458
(1,255)
(3,139)
(797)
6,206
(2,728)|
||||(1,714)|
||||112,744|
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 2021**
## 10. **2020 COMPARATIVE 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
208,324
**Restricted funds**
Health and wellbeing
-
Stair lift
-
Scooter Store
-
Laundry
-
-
**TOTAL FUNDS**
208,324
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**
**£**
90,186
(306)
(3,139)
(797)
(2,728)|
||||(6,971)|
||||83,216|
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 2021**
|**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**
**£**
1,002
1,002
17,298
196,444
214,744
31,825
1,883
247
4,218
4,281
17,304
741
91,431
4,672
4,455
334
2,566
45
385
-
2,049
120
300
1,391
4,357
359
0
172,964|**Restricted**
**funds**
**£**
6,895
6,895
-
-
6,895
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
2,436
3,139
3,034
-
-
8,609|**31.12.21**
**£**
7,897
7,897
17,298
196,444
221,639
31,825
-
1,883
247
4,218
4,281
17,304
741
91,431
4,672
4,455
334
2,566
45
385
-
2,049
-
-
120
2,736
4,530
7,391
359
-
181,573|**31.12.20**
**£**
28|
|---|---|---|---|---|
|||||28
17,341
190,955|
|||||208,324
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|
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 2021**
|**Support costs**
Telephone
Postage, stationery and computer
Hire of office equipment
Stockbroker fee
Accountancy and bookkeeping
**Total resources expended**
**Net funds before gains and losses on investments**
**Realised gain / (loss) on investments**
**Unrealised gains on investments**
**Net movement in funds**|**Unrestricted**
**funds**
**£**
873
907
478
4,158
8,290
14,705
187,669
27,075
21,248
66,135
114,458|**Restricted**
**funds**
**£**
-
-
-
-
-
-
8,609
(1,714)
-
-
(1,714)|**31.12.21**
**£**
873
907
478
4,158
8,290
14,705
196,278
25,361
21,248
66,135
112,744|**31.12.20**
**£**
882
1,373
441
3,296
8,290|
|---|---|---|---|---|
|||||14,282
148,637|
|||||59,687
(822)
24,351|
|||||83,216|
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 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
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
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 19
**The James lloyd Almshouse Trust**
## **Comparative detailed Statement of Financial Activities for the Year Ended 31 December 2020**
|**Support costs**
Telephone
Postage, stationery and computer
Hire of office equipment
Stockbroker fee
Accountancy and bookkeeping
**Total resources expended**
**Net funds before gains and losses on investments**
**Realised (loss)/ gains on investments**
**Unrealised gain on investments**
**Net movement in funds**|**Unrestricted**
**funds**
**£**
882
1,373
441
3,296
8,290
14,282
141,667
66,658
(822)
24,351
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 20