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|CONTENTS|||PAGE|
|---|---|---|---|
|Trustees
annual
report||||
|Independent
examiner's||report to the trustees||
|Statement
offinancial|activities|||
|Balance sheet||||
|Notes to the financial|statements|||
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|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|
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|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||||
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|||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|
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||||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|
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|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|
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|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|
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|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|
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|ANALYSIS|OF SUPPORT COSTS|||||||
|---|---|---|---|---|---|---|---|
|||||Total|Funds|Total|Funds|
|||Support|costs||2021||2020|
|Governance|costs||970||970||1,035|
||||970||970||1,035|
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|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)|
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||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|
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||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|
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|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|
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|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|
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|||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|
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|||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|
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|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|
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