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