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





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|||BALANCE SHEET|BALANCE SHEET|BALANCE SHEET|||||
|---|---|---|---|---|---|---|---|---|
||||AS AT||||||
|||31st|MARCH,|2021|||||
|||Note|||2021||2020||
|FIXEDASSETS|||||||||
|Freehold property<br>Property,<br>plant and <br>Investments|equipment|2a<br>2b<br>3||||729,892<br>491,733<br>1 221 625||516,830<br>387,891<br>904,721|
|CURRENT ASSETS|||||||||
|Debtors<br>Cash at bank||||1,047<br>629,296|||1,624<br>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<br>Recoupments<br>due||||||(96,000)||(104,000)|
|||||||1,513,315||1,420,259|
|INCOME FUNDS|||||||||
|Restricted<br>funds||9||269,163|||262,003||
|Unrestricted<br>funds<br>Other charitable<br>funds||10||65,900||335,063|51,687|313,690|
|||||||, 8 8,»8|||






## 

|Analysis of net asset|s b|etween|funds|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||Permanent<br>Endowment|Restricted|Unrestricted<br>Designated<br>Other|||||2021<br>Total|
|||||6||E|||f|||
|||||(Note 8)|(Note 9)|(Note|10)||(Note|10)||
|Fixed assets (note 2)<br>Investments<br>(note 3)||||729,892<br>403,180|40,212||||48,341<br>1,047||729,892<br>491,733<br>1,047|
|Debtors (note 4)<br>Cash at bank (note 5)||||380,243|228,951|||||20,102<br>(3,590)|629,296<br>(3,590)|
|Creditors<br>(note 6)||||||||||||
|||||1,513,315|209,163|||||65,900|1,848,378|
|Funds||||||||Unrestricted|||2021|
|||||Perrna<br>neo I<br>Endowment|Restricted|Designated|||Other||Total|
|||||(Note 8)|(Note 9)|(Note||10)|(Note 10)|||
||||||f||f|||||
|Goulding,<br>Johnson<br>and<br>Tennyson<br>scholarship<br>fund<br>Allison Coverdale<br>scholarship<br>Prizes fund|||fund|36,091<br>38,619<br>34,010|15,884<br>19,203<br>(264)||||||51,975<br>57,822<br>33,746|
|Miss. W. G. Howell's<br>bequestfund<br>Extraordinary<br>repair fund<br>General<br>chanty<br>fund<br>Miss. Dorothy<br>King Charitable<br>The lan Macdonald<br>Memorial|||Trust<br>Fund|1,364,312<br>40,283|7,886<br>22,240<br>180,524<br>23,690|||||65,900|7,886<br>22,240<br>1,430,212<br>180,524<br>63,973|
|||||1,513,315<br>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<br>Investment<br>Rents and|and gifts<br>income<br> contributions|received||1,052|5,911<br>32,021||6,963<br>32,021|6,787<br>30,807|
|Total Incoming resources||||1,052|38,212||39,264|37,874|



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





||||||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||Restricted||Unrestricted<br>Permanent|||||||
|||||funds||funds<br>Endowments|||||Total|Total|
|||||(Note|11)|(Note||12)|(note|8)|||
|||||f|||8||F.||||
|Continued. ..|||||||||||||
|Other expenditure|||||||||||||
|Governance<br>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<br>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)<br>on fixed assets<br>Unrealised<br>gains on investments|||||15,691|||3,095||85,056|103,842|(63,798)|
|Reahsed<br>gain on|the sale of Land at|||||||||||547,593|
|Julian Bower, Louth|||||||||||||
||||||7,160|||14,213||93,056|114,429|505,688|
|Fund balances<br>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|





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





## 

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



## 

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



|Creditors|Unrestricted<br>Designated<br>Other|Unrestricted<br>Designated<br>Other|Restricted|Permanent<br>Endowment|2021<br>Total||2020<br>Total|
|---|---|---|---|---|---|---|---|
|Accountancy||2,520<br>210|||2,520<br>210||2,520<br>550|
|Light and heat||150||||150|150|
|Water rates||171||||171||
|Council tax||||||57|57|
|Receipts<br>in advance||57<br>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<br>advance|||||||||||||
|||||||||||||96,000||96,000|
|||Recouped<br>to 31st March,|||2020|||||||8,000||8,000|
|||Recoupment<br>in year|||||||||||||
|||||||||||||104,000||104,000|
|||Recouped<br>to 31st March,|||2021||||||||||
|||Recoupment<br>outstanding|||at|||||||96,000||96,000|
|||at 31st March, 2021|||||||||||||
||||||||||||||8,000|8,000|
|||Annual<br>recoupment|||||||||||||
||8|Permanent<br>endowments<br>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,<br>Johnson<br>and Tennyson<br>Scholarship<br>fund<br>Allison Coverdale<br>Scholarship<br>fund<br>Prizes fund<br>General<br>charity<br>fund<br>The lan Macdonald<br>Memorial<br>Fund||||||34,052<br>36,437<br>32,088<br>1,279,675<br>38,007||2,039<br>2,182<br>1,922<br>76,637<br>2,276|||8,000|36,091<br>38,619<br>34,010<br>1,364,312<br>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<br>Investments||2021|
||||||(Note 11)|(Note 3)||
||||||f|6||
|Miss. W. G. Howell's<br>Bequest <br>Goulding,<br>Johnson<br>8 Tennyson<br>Allison Coverdale<br>Scholarship<br>Prizes fund<br>Extraordinary<br>repair fund<br>Miss Dorothy<br>King Charitable<br>The lan Macdonald<br>Memorial||fund<br>Scholarship<br>fund<br>Trust<br>Fund|fund|7,376<br>14,855<br>17,959<br>1,236<br>20,240<br>178,182<br>22,155|31<br>65<br>78<br>(1,580)<br>2,000<br>(9,222)<br>97|479<br>964<br>1,166<br>80<br>11,564<br>1,438|7,886<br>15,884<br>19,203<br>(264)<br>22,240<br>180,524<br>23,690|
|||||262,003|(8,531)|15,691|269,163|



## 


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|INCOME||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Miss.||||
|||Gouldlng,||||||Dorothy|The lan|||
|||Johnson|and|Allison||Miss. W.|G.|King<br>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<br>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<br>from General<br>Charily Account<br>2,000||||||||||2,000|2,000|
|NET MOVEMENT<br>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<br>account|bet|ween<br>unrestrict|ed<br>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<br>and stores|||||||||12,928|12,928|11,712|
|TOTAL INCOME|||||||||38,212|38,212|36,362|
|EXPENDITURE||||||||||||
|CHARITABLE||||||||||||
|Grants payable<br>in|furtherance|||of|the charity's|ob)ectlves||||||
|Residents<br>Xmas fund|||||||||370|370|370|
||||||||||370|370|370|
|Costs ofactivities|In furtherance||||ofthe charity's||ob)ectlves|||||
|Bedehouse<br>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<br>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|