2021-03-31-accounts

				Page
Reference and administrative		details		1-2
Annual Report				3.6
independent Examiner's	Report
Accountants' Report
Balance Sheet
Balance Sheet analysed	hetween		Funds
Statement of Financial	Activities			10-11
Notes to the Accounts				12-20

		BALANCE SHEET	BALANCE SHEET	BALANCE SHEET
			AS AT
		31st	MARCH,	2021
		Note			2021		2020
FIXEDASSETS
Freehold property Property, plant and Investments	equipment	2a 2b 3				729,892 491,733 1 221 625		516,830 387,891 904,721
CURRENT ASSETS
Debtors Cash at bank				1,047 629,296			1,624 831,363
				630,343			832,987
CURRENT LIABILITIES
Creditors				(3,590)			(3,759)
NET CURRENT ASSETS						626,753		829,228
NET ASSETS						s.eee, s s		8,9
PERMANENTLY	ENDOWED FUNDS
						1,609,315		1,524,259
Capital Recoupments due						(96,000)		(104,000)
						1,513,315		1,420,259
INCOME FUNDS
Restricted funds		9		269,163			262,003
Unrestricted funds Other charitable funds		10		65,900		335,063	51,687	313,690
						, 8 8,»8

Analysis of net asset	s b	etween	funds
				Permanent Endowment	Restricted	Unrestricted Designated Other					2021 Total
				6		E			f
				(Note 8)	(Note 9)	(Note	10)		(Note	10)
Fixed assets (note 2) Investments (note 3)				729,892 403,180	40,212				48,341 1,047		729,892 491,733 1,047
Debtors (note 4) Cash at bank (note 5)				380,243	228,951					20,102 (3,590)	629,296 (3,590)
Creditors (note 6)
				1,513,315	209,163					65,900	1,848,378
Funds								Unrestricted			2021
				Perrna neo I Endowment	Restricted	Designated			Other		Total
				(Note 8)	(Note 9)	(Note		10)	(Note 10)
					f		f
Goulding, Johnson and Tennyson scholarship fund Allison Coverdale scholarship Prizes fund			fund	36,091 38,619 34,010	15,884 19,203 (264)						51,975 57,822 33,746
Miss. W. G. Howell's bequestfund Extraordinary repair fund General chanty fund Miss. Dorothy King Charitable The lan Macdonald Memorial			Trust Fund	1,364,312 40,283	7,886 22,240 180,524 23,690					65,900	7,886 22,240 1,430,212 180,524 63,973
				1,513,315 269,163						65,900	1,848,378

				for the year ended	for the year ended
				31st MARCH, 2021
							2021	2020
			Restricted		Unrestricted	Permanent
			funds		funds	Endowments	Total	Total
			(Note	11)	(Note 12)	(note 8)
			E		E	E
INCOMING	RESOURCES
					280		280	280
Donations Investment Rents and	and gifts income contributions	received		1,052	5,911 32,021		6,963 32,021	6,787 30,807
Total Incoming resources				1,052	38,212		39,264	37,874

Grants payable In f	urtherance of	the charity's objectives
Bedehouse residents Prizes Grants to individuals		1,585 9,998	370	370 1,585 9,998	370 1,000
		11,583	370	11,953	1,370
Costs of activities	in furtherance	ofthe charity's objectives
PropeAy maintenance Garage repairs and no 27 Sungalow expenses Insurance Water rates			3,081 1,417 1,570 1,703 1,053 552	3,081 1,417 1,570 1,703 1,053 552	3,766 827 1,545 1,341 300
Light and heat
			9,376	9,376	7,779

											2021	2020
				Restricted		Unrestricted Permanent
				funds		funds Endowments					Total	Total
				(Note	11)	(Note		12)	(note	8)
				f			8		F.
Continued. ..
Other expenditure
Governance costs							4,000				4,000	4,000
Clerks salary								182			182	179
Subscriptions								14			14	33
Postage, stationery	and advertising							195			195
Sundries								2,600			2,600	2,620
Accountancy								357			357
Management fees
Total governance	costs							7,348			7,348	6,832
TOTAL RESOURCES EXPENDED				11,583			17,094				28,677	15,981
NET INCOMING/(EXPENDED)			RESOURCES	(10,531)				21,118			10,587	21,893
Transfers					2,000		(10,000)			8,000
NET MOVEMENT	IN FUNDS				(8,531)			11,118		8,000	10,587	21,893
Gains/(losses) on fixed assets Unrealised gains on investments					15,691			3,095		85,056	103,842	(63,798)
Reahsed gain on	the sale of Land at											547,593
Julian Bower, Louth
					7,160			14,213		93,056	114,429	505,688
Fund balances brought		forward		262,003				51,687	1,420,259		1,733,949	1,228,261
Fund balances carried		forward			269,163			65,900	1,513,315		1,848,378	1,733,949

Investments
							Surplus/
					Value at		(Deficit) on	Value at
					1st April,	Additional	dlsposall 31stMarch,
				Nominal	2020	Disposals	revaluation	2021
						6	f	6
Main charity
Charities official investment Accumulation shares		funds		566.840	94,445		22,971	117,416
Charity UK Equity A accumulation Charifund accumulation units			account	2,396.933 890.040	39,693 180,769		11,386 53,777	51,079 234,546
Charifund income units				5,092,000	60,873		14,102	74,975
National Association of
Almshouses Common Investment fund —Income		units		267.000	187		42	229
COIF Investment Fund
Income Shares				527.540	7,837		1,620	9,457
COIF Fixed Interest Fund Income Shares				2,991.250	4,087		(56)	4,031
					387,891		103,842	491,733
Permanent endowments					318,124		85,056	403,180
Restncted funds					24,521		15,691	40,212
Unrestricted funds:
Designated funds Other charitable funds					45,246		3,095	48,341
					387,891		103,842	491,733

Debtors
	Unrestricted Designated Other		Restricted	Permanent Endowment	2021 Total	2020 Total
					F.	f
Rents -Garages Contribution —Bedehouses		1,047			1,047	1,624
Total debtors		1,047			1,047	1,624

Cash	at	bank
			Unrestricted Designated Other		Restricted	Permanent Endowment	2021 Total	2020 Total
			6	8
Cash	at	bank		20,102	228,951	380,243	629,296	831,363

Creditors	Unrestricted Designated Other	Unrestricted Designated Other	Restricted	Permanent Endowment	2021 Total		2020 Total
Accountancy		2,520 210			2,520 210		2,520 550
Light and heat		150				150	150
Water rates		171				171
Council tax						57	57
Receipts in advance		57 482				482	482
Other
Total creditors		3,590			3,590		3,759

7		Recoupments											Bedehouse	Bedehouse
												Total	redevelopment
												0		6
												200,000		200,000
		Original advance
												96,000		96,000
		Recouped to 31st March,			2020							8,000		8,000
		Recoupment in year
												104,000		104,000
		Recouped to 31st March,			2021
		Recoupment outstanding			at							96,000		96,000
		at 31st March, 2021
													8,000	8,000
		Annual recoupment
	8	Permanent endowments The funds of the charity			include	the following	permanent	endowments:-
														Balance
								Balance
								as at	Netchange					as at
								1st April	in value of			Recoupments		31stMarch
								2020	Investment			transferred		2021
										(note	3)	(note	7)
										8		f
		Goulding, Johnson and Tennyson Scholarship fund Allison Coverdale Scholarship fund Prizes fund General charity fund The lan Macdonald Memorial Fund						34,052 36,437 32,088 1,279,675 38,007		2,039 2,182 1,922 76,637 2,276			8,000	36,091 38,619 34,010 1,364,312 40,283
								1,420,259			85,056		8,000	1,513,315

				Balance			Balance
				as at	Net	Net change	as at
				1st April	movement	In value of	31stMarch
				2020	In funds Investments		2021
					(Note 11)	(Note 3)
					f	6
Miss. W. G. Howell's Bequest Goulding, Johnson 8 Tennyson Allison Coverdale Scholarship Prizes fund Extraordinary repair fund Miss Dorothy King Charitable The lan Macdonald Memorial		fund Scholarship fund Trust Fund	fund	7,376 14,855 17,959 1,236 20,240 178,182 22,155	31 65 78 (1,580) 2,000 (9,222) 97	479 964 1,166 80 11,564 1,438	7,886 15,884 19,203 (264) 22,240 180,524 23,690
				262,003	(8,531)	15,691	269,163

INCOME
								Miss.
		Gouldlng,						Dorothy	The lan
		Johnson	and	Allison		Miss. W.	G.	King Macdonald
	Extraordinary	Tennyson		Coverdale		Howell's		Charitable	Memorial	2021	2020
	Repair	Scholarship		Scholarship	Prizes	Bequest		Trust	Fund	Total	Total
COIF dividends								46		63	90
Charifund income			31	37		15		367	46	499	950
Bank mteresl			30	36				363	45	490	472
			65	78	5	31		776	97	1,052	1,512
EXPENDITURE
Prizes					1,585					1,585
Grants to individuals								9,998		9,998	1,000
					1,585			9,998		11 583	I 000
NET INCOME(			65	78	(1,580)		31	(9,222)	97	(10,531)	512
(EXPENDITURE)
Transfer from General Charily Account 2,000										2,000	2,000
NET MOVEMENT IN FUND	2,000		65	78	(1,580)		31	9,222)	97	(8,531)	2,512

Analysis of incom	e an	d	expend	itu	re account	bet	ween unrestrict	ed funds
										2021	2020
INCOME								General	charity	Total	Total
								6		6	6
Donation - Louth United			Charities						280	280	280
Bank internet									2,763	2,763	1,645
Income from COIF									347	347	314
Income from charifund									2,796	2,796	3,311
Wayleave									5	5	5
Bedehouse contnbution									19,093	19,093	19,095
Rents -garages and stores									12,928	12,928	11,712
TOTAL INCOME									38,212	38,212	36,362
EXPENDITURE
CHARITABLE
Grants payable in	furtherance			of	the charity's	ob)ectlves
Residents Xmas fund									370	370	370
									370	370	370
Costs ofactivities	In furtherance				ofthe charity's		ob)ectlves
Bedehouse repairs									3,081	3,081	3,766
Garage repairs and	no	27							1,417	1,417	827
Bungalow expenses									1,570	1,570
Insurance									1,703	1,703	1,545
Water rates									1,053	1,053	1,341
Light and heat - Bedehouses									552	552	300
									9,376	9,376	7,779
TOTAL CHARITABLE		EXPENDITURE							9,746	9,746	8,149
GOVERNANCE
Clerk's salary									4,000	4,000	4,000
Postage, stationery	and		advertising						14	14	33
Subscriptions									182	182	179
Accountancy									2,600	2,600	2,620
Management fees									357	357
Sundry expenses									195	195
TOTAL MANAGEMENT			EXPENDITURE						7,348	7,348	6,832
TOTAL EXPENDITURE									17,094	17,094	14,981
NET INCOME((EXPENDITURE)									21,118	21,118	21,381
Transfer to Extraordinary			Repair	Fund					(2,000)	(2,000)	(2,000)
Transfer to Permanent		Endowment							(8,000)	(8,000)	(10,200)
NET MOVEMENT	IN FUND								11,118	11,118	9,181