2021-03-31-accounts

CONTENTS			PAGE
Trustees annual report
Independent examiner's		report to the trustees
Statement offinancial	activities
Balance sheet
Notes to the financial	statements

Registered	charity	name	The Willie Seager Memorial Homes
Charity registration		number	219008
Principal	office		Mrs SMulcahy
			Aelwyd Housing
			9Ty Nant Court
			Morganstown
			Cardiff
			CF15 8LW

Mrs P Osman	(Co-optative	Trustee)	(Resigned February 2021)	(Resigned February 2021)	(Resigned February 2021)
Captain H Jones	(Co-optative	Trustee)
Mrs G Spencer	(Co-optative	Trustee)
Mr GMoore	(Co-optative	Trustee)
Mr SRalph	(Co-optative	Trustee)	(Appointed		July 2021)
Cllr JBoyle	(Nominative	Trustee)
Mrs G A Phillips	(Nominative	Trustee)
Independent examiner		Farzana Ahmed ACCA
		1stFloor,	Tudor House
		16Cathedral		Road
		Cardiff
		CF119LJ

		YE	AR ENDED 31	MARCH 2021
			Unrestricted	Endowment	Total Funds	Total Funds
			Funds	Funds	2021	2020
		Note
INCOME AND ENDOWMENTS
Charitable activities		4	37,065		37,065	36,338
Investment income		5	6,032		6,032	4,712
TOTAL INCOME			43,097		43,097	41,050
EXPENDITIiRE
Expenditure on charitable
activities		6/7	(42,135)	(13,441)	(55,576)	(42,557)
TOTAL EXPENDITURE			(42,135)	(13,441)	(55,576)	(42,557)
Net gains/losses on	investments	9	62,944		62,944	(22,988)
NKT INCOME AfiD NKT
MOVEMENT IN	FUNDS		63,906	(13,441)	50,465	(24,495)
RECONCILIATION OF FUiiiDS
Total funds brought	forward		522,281	962,758	1,485,039	1,509,534
TOTAL FUNDS CARRIED
FORWARD			586,187	949,317	1,535,504	1,485,039

			2021		2020
		Note
FIXEDASSETS
Tangible assets		14		949,317	962,758
Investments		15		469,305	404,535
				1,418,622	1,367,293
CI&RRENT ASSETS
Debtors		10	1,346		1,080
Cash at bank			116,803		118,752
			118,149		119,832
CREDITORS: Amounts	falling due within one year	17	(1,267)		(2,086)
NET CURRENT ASSETS				116,882	117,746
TOTAL ASSETSLESS	CURRENT LIABILITIES			1&535,504	1,485,039
NET ASSETS				1,535,504	1,485,039
FIJNDS OF THE CHAMTY
Endowment funds		18		949,317	962,758
Unrestricted income funds		18		586,187	522,281
TOTAL CHARITY FUNDS		19		1,535,504	1,485,039

4.	INCOME FROM~	ABLEA	CTIVITIES
			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2021	Funds	2020
	Weekly maintenance	contributions	37,065	37,065	36,338	36,338
5.	INVESTMENT INCOME

NVESTM	ENT INCOME
		Unrestricted	Total	Funds	Unrestricted	Total	Funds
		Funds		2021	Funds		2020
Investment	income	6,032		6,032	4,712		4,712
		6,032		6,032	4,712		4,712

COSTS OF CHARITABLE ACTIVITIE	S BYFUir D TYPE
	Unrestricted	Endowment	Total Funds
	Funds	Funds	2021
Operation ofAlmshouses	41,165	13,441	54,606
Support costs	970		970
	42,135	13,441	55,576
	Unrestricted	Endowment	Total Funds
	Funds	Funds	2020
Operation ofAlmshouses	28,081	13,441	41,522
Support costs	1,035		1,035
	29,116	13,441	42,557

COSTS OF	CHAIOTABLE ACT	IVITIES BYA,CTIVIT	Y TYPE
		Activities
		undertaken		Total Funds	Total Funds
		directly	Support costs	2021	2020
Operation ofAlmshouses		54,606		54,606	41,522
Governance	costs		970	970	1,035
		54,606	970	55,576	42,557

ANALYSIS	OF SUPPORT COSTS
				Total	Funds	Total	Funds
		Support	costs		2021		2020
Governance	costs		970		970		1,035
			970		970		1,035

NET	LOSSESON	INV	ESTMENTS
				Unrestricted	Total	Funds	Unrestricted	Total Funds
				Funds		2021	Funds	2020
Other	gains/(losses)	on	investments	62&944		62,944	(22,988)	(22,988)
				62,944		62,944	(22,988)	(22,988)

	This is stated	after charging:				2021	2020
	Depreciation					13,441	13,441
Il.	INDEPENDEiVT EXAMINATION FEES
						2021	2020
	Fees payable	to the independent	examiner for independent	examination	of
	the financial	statements.				300	300

	Land tk Buildings
COST
A.t1April 2020 and 31March 2021	1450,000
DEPRECIATION
At I April 2020	207,242
Charge for the year	13,441
At 31March 2021	300,683
NET BOOKVALUE
At 31March 2021	949,317
At 31March 2020	962,758

INVESTMENTS
		Other
		investments
COST OR VALUATION
At 1 April 2020		404,535
Additions		1,826
Net gains/(losses) on revaluations	in the year ended 31March 2021	62,944
At 31March 2021		469,305
IMPAIRMENT
At 1April 2020 and 31March	2021
CARRYING AMOUNT
At 31March 2021		469405
At 31March 2020		404,535

DEBTORS
			2021	2020
Trade debtors			1,032	769
Prepayments			314	311
			1,346	1,080
CREDITORS: Amounts		falling due within one year
			2021	2020
Trade creditors			676	1,626
Accruals and deferred	income		591	460
			1,267	2,086

		At 1				Gains and	At 31
		April 2020	Income	Expenditure	Transfers	losses	March 2021
Combined	repairs
fund		53496			(6,536)		46,860
General Funds		468,885	43,097	(42,135)	6,536	62,944	539,327
		522/81	43,097	(42,135)		62,944	586,187
		At I				Gains and	At 31
		April 2019	Income	Expenditure	Transfers	losses	March 2020
Extraordinary
repairs fund		11,676			2,805		14,481
Cyclical
maintenance	fund	33,682			5,233		38,915
General Funds		487,977	41,050	(29,116)	(8,038)	(22,988)	468,885
		533,335	41,050	(29,116)		(22,988)	522,281

		Balance at		Balance at
		1April 2020	Expenditure	31March 2021
Permanent	endowments
Capital fund		962,758	(13,441)	949,317
		Balance at		Balance at
		I April 2019	Expenditure	31March 2020
Permanent	endowments
Capital fund		976,199	(13,441)	962,758

ANALYSIS		OFNET A	SSETS BETWE	EN FL3qDS
			Tangible		Current	Current
			fixed assets	Investments	assets	liabilities	Total 2021
Endowment		Funds:		6
Capital fund			949,317				949,317
Unrestricted		Fundsi
Designated		funds			46,860		46,860
General funds				469,305	71,289	(1,267)	539,327
Total Funds			949,317	469,305	118,149	(1,267)	1,535,504
			Tangible		Current	Current
			fixed assets	Investments	assets	liabilities	Total 2020
Endowment		Funds:			f.
Capital fund			962,758				962,758
Unrestricted		Funds:
Designated	funds				53,396		53,396
General funds				404,535	66,436	(2,086)	468,885
Total Funds			962,758	404,535	119,832	(2,086)	1,485,039