This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

PDF
Markdown

2021-03-31-accounts

		PAGE
Annual Report		1-3
Independent Examiners	Report
Statement of Financial	Activities
Balance Sheet
Notes to the Accounts		7-9

Trustees:	Trustees:		Mr P Conway	Mr P Conway	Chairman	Chairman
			Mrs BAstley
			Mr D Briggs
			Mrs E Coles
			Rev P Hart
			Mr C Hibbert		Appointed		3 November	2020
			Mrs E Sherratt
			Mrs C Upton
Clerk to the		trustees:	Mrs S Brockhurst
Clerk's	office:		The Pines
			Mount Road
			Rugeley
			Staffordshire
			WS152TL
Charity	Number:		218971
Regulator ofSocial Housing:			A4028
Independent		Examiner:	A P Morris	FCA
			of Dains LLP
			St Johns Court
			Wilteli Road
			Lichfield
			Staffordshire
			WS14 9DS
Bankers:			National Westminster			Bank
			31 Market Square
			Rugeley
			Staffordshire
			WS152BW

						Unrestricted	Other	Total	To
					Notes	Income Fund	Funds	2021	20
							E
Income
Maintenance contributions			receivable			53,984		53,984	52,2(
Bank interest						70		81	3(
Income from listed	investments					1,726		1,726	1,6(
Total income						55,780		55,791	54,3;
Expenditure
Clerk						14,111		14,111	13,9i
Repairs and maintenance						21,688		21,688	9,7!
Heat, light and water						1,014		1,014	1,9(
Services						6,744		6,744	4,8(
Insurance						1,360		1,360	1,4(
Trustee indemnity	insurance					291		291	2(
Sundry expenses						530		530	9j
Almshouse Association		subscription				296		296	2!
Independent examiners		fees				954		954	9c
HCA Annual Subscription						300		300	3(
Professional fees						1,080		1,080	(
Tree surgery						2,580		2,580
Depreciation							18,200	18,200	18,2(
Total						50,948	18,200	69,148	53,1(
Other recognised	gains/(losses)
Gains/(losses) on	investment			assets (note 6)		34,336	25,887	60,223	1,6c
Net income/(expenditure)						39,168	7,698	46,866	(4'
Transfer between	funds		(note 8)
Net movement in	funds					39,168	7,698	46,866	(4'
Reconciliation of	funds:
Fund balances brought			forward			235,917	1,316,196	1,552,113	1,552,5:
Fund Balances carried		forward				275,085	1,323,894	1,598,979	1,552,1'

BALANCE SHEET 31 MARCH 2021
				2021		2020
			Notes	E
Fixed Assets
Housing Properties Listed Investments			2b and 5 2cand 6		1,181,700 314,788		1,199,900 254,565
					1,496,488		1,454,465
Current Assets
Debtors and Prepayments Cash at Banl& and in Hand				2,232 101,789		2,339 96,718
				104,021		99,057
Current Liabilities
Creditors				1,530		1,409
				1,530		1,409
Net Current Assets					102,491		97,648
Total Assets less Current		Liabilities			1,598,979		1,552,113
Net Assets					1,598,979		1,552,113
Capital and Reserves
Permanent Endowment					1,181,700		1,199,900
Designated Reserves
Extraordinary Repairs	Fund				132,158		106,271
Cyclical Maintenance	Fund				10,036		10,025
Unrestricted Income Fund					275,085		235,917
					1,598,979		1,552,113

5.Housing	Properties
				2021	2020
					E
Housing properties (note		2b)		1,300,000	1,300,000
Depreciation	at 31 March	2020		100,100	81,900
Charge for the year				18,200	18,200
Depreciation	at 31 March	2021		118,300	100,100
Net book value 31 March		2021		1,181,700	1,199,900
6.Listed Investments
				2021	2020
				E
Market value	brought forward			254,565	256,213
Net unrealised investment		gains/(losses)		60,223	1,648)
Market value	at 31 March	2021		314,788	254,565
Investments	comprise the	following:
Unrestricted	income fund:
3,295 COIF income units				58,962	48,850
598 COIF accumulation			units	123,668	99,444
Extraordinary	repair fund
639 COIF accumulation			units	132,158	106,271
				314,788	254,565
7.Debtors
				2021	2020
P	repayments			2,232	2,339
				2,232	2,339

8.Other Funds
		Endowment	Extraordinary	Cyclical	Total
		Fund	Repair Fund	Maintenance	2021
				Fund
		F	E	E
Balances at 1 April 2020		1,199,900	106,271	10,025	1,316,196
Bank interest				11	11
Unrealised gain/(loss)	on investment	revaluation	25,887		25,887
Depreciation		18,200			18,200)
Balances at 31 March	2021	1,181,700	132,158	10,036	1,323,894
		Endowment	Extraordinary	Cyclical	Total
		Fund	Repair Fund	Maintenance	2020
				Fund
			F	F	F
Balances at 1 April 2019		1,218,100	106,302		1,324,402
Transfer from income	account			10,000	10,000
Bank interest				25	25
Unrealised gain/(loss)	on investment	revaluation	(31)		(31)
Depreciation		18,200			(18,200)
Balances at 31 March	2020	1,199,900	106,271	10,025	1,316,196

9.The A	ssets and L	iabilities	ofthe Charity	are represented	by the Funds	as detailed be	low:
			Income	Endowment	Extraordinary	Cyclical	Total
			Fund	Fund	Repair	Maintenance
					Fund	Fund	2021
					F	E	E
Housing	Properties			1,181,700			1,181,700
Investments			182,630		132,158		314,788
Current Assets			93,985			10,036	104,021
Creditors:	Due within	1 year	1,530				1,530
			275,085	1,181,700	132,158	10,036	1,598,979

			Income	Endowment	Extraordinary	Cyclical	Total
			Fund	Fund	Repair	Maintenance
					Fund	Fund	2020
				E'	F	F	F
Housing	Properties			1,199,900			1,199,900
Investments			148,294		106,271		254,565
Current Assets			89,032			10,025	99,057
Creditors:	Due within	1 year	1,409				1,409
			235,917	1,199,900	132,158	10,025	1,552,113