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||Page|
|---|---|
|Report ofthe Executive Committee|1 to 4|
|Report ofthe Independent
Auditors|5 to 7|
|Statement of Financial
Activities||
|Balance Sheet||
|Notes to the Financial Statements|10to 18|
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|||||||Endowment|Endowment|Endowment|2020|2019|
|---|---|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Funds||Funds||Total|Total|
||||Notes|General
F|Designated||Restricted
F||Funds
8|Fundsf|
|Income|||||||||||
|Donations
and legacies||||20,208|||||20,208|99|
|Income from charitable
activities|||||||||||
|Residents|||||||||||
|Accommodation||||402,321|||||402,321|418,897|
|investment
income||||27|||||27|22|
|Other income||||7,740|||||7,740|49|
|Total income||||430 296|||||430,296|19,067|
|Expenditure
Charitable
activities||||516,415|||||516,415|~480,998|
|Total expenditure||||516,415|||||516,415|(480,998)|
|Net (expenditure)|before|other||(86,119)|||||(86,119)|(61,931)|
|recognised
gains|||||||||||
|Gain on sale ofproperty||||1,000|||||1,000||
|Transfer between|funds|||394,948|~394,9487||||||
|Net Incomel (Expenditure)||||309,829|(394,948)||||(85,119)|(61,931)|
|Reconciliation
of|funds||||||||||
|Total funds brought|forward|||E991,755|E1,496,286||51 009,697||93497738|8,3,55,9,669|
|Total funds carried forward||||E1301584|E1,101|338|E1009|697|53412619|73497738|
|The financial
statements||were|approved|by the Executive|Committee|on ......(...7....I....'............'.
Q||||and|
|were signed
on its behalf||by:|||||||||
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||||AT 31 DECEMBER 202|0||
|---|---|---|---|---|---|
||||Notes|2020f|2019f|
|Fixed Assets||||||
|Tangible assets||||4,856,860|5,245,873|
|||||4,856 860|5 245,873|
|Current Assets||||||
|Stocks||||753|591|
|Debtors: amounts||falling due within one|year12|7,722|10,171|
|Cash at bank|and|in hand||57488|133230|
|||||65,963|143,992|
|CREDITORS||||||
|Amounts
falling due within one year|||13|137,982|288780|
|NET CURRENT (LIABILITIES)/ASSETS||||72019|144,788|
|TOTAL ASSETSLESSCURRENT LIABILITIES||||4,7114,841|5,101 085|
|CREDITORS||||||
|Amounts
falling due after more than one|||14|(1,372,222)|(1,603,347)|
|year||||||
|Net Assets||||3412,619|3,497,738|
|Funds|||18|||
|Unrestricted|funds|||2,402,922|2,488,041|
|Endowment|funds|||1,009,697|1,009 697|
|Total Funds||||3,412,619|3,497738|
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|3.|Donations
and oth|e|r in|come|||||
|---|---|---|---|---|---|---|---|---|
||||||||2020|2019|
||||||||6|f|
||Donations||||||20,208|99|
||||||||20,208|99|
|4.|Investment
Income||||||||
||||||||2020|2019|
||||||||F||
||Deposit account interest||||||27|22|
|5.|Income from Charitable|||Activities|||||
||||||||2020
f|2019
F|
||Resident charges||||||402,321|418897|
|6.|Analysis
of Expenditure|||on Charitable||Activities|||
||||||||2020
F|2019
f|
||Staff costs||||||218,767|200,601|
||Rates||||||11,190|8,253|
||Insurance||||||11,290|9,828|
||Light, heat and water||||||38,206|38,210|
||Telephone||||||6,904|5,739|
||Postage, stationery|and advertising|||||18,804|18,883|
||Sundries||||||1,046|2,526|
||Training costs||||||517|68|
||Food and household||expenses||||37,587|38,495|
||Office accountant||||||7,474|6,536|
||Executive Committee||mileage||||1,709|2,191|
||Repairs||||||62,325|59,058|
||Motor expenses (lease, insurance||||K tax)||4,828|4,632|
||Computer expenses||||||3,515|3,306|
||Professional
fees||||||8,775|16,195|
||Depreciation
and loss on|||disposal|ofassets||26,383|8,443|
||Support and governance|||costs (see note||7)|5,322|12,735|
||Myfanwy
security costs||||||5,208||
||Name change costs|||||||6,005|
||Loan Interest||||||46,565|39,294|
||||||||516,415|480,998|
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|Support|and|Governance
|Costs|||
|---|---|---|---|---|---|
|||||2020|2019|
||||||E|
|Auditors'|remuneration|||6,594|7,074|
|Bank charges||||1,008|773|
|Affiliation|fees|||~2,280)|4,888|
|||||5322|12,735|
|Net Income/(Expenditure)|||for the year|||
|This is stated||after charging:||||
|||||2020|2019|
|||||f|f|
|Auditors'|remuneration|||6,594|7,074|
|Depreciation||- owned assets||7,976|8,443|
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|STAFF COSTS|||
|---|---|---|
||2020|2019|
||f|f|
|Wages and salaries|205,343|187,481|
|Social security costs|10,567|10,567|
|Pensions|2,857|3,067|
||218,767|200,601|
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|ANGIBLE FIXEDASSETS|||||
|---|---|---|---|---|
||Property|Freehold|Fixtures|Totals|
||under|property|and||
||development||fittings||
||6||6||
|COSTNALUATION|||||
|At 1 January 2020|2,364,554|3,125,000|163,748|5,653,302|
|Additions|184,866||2,504|187,370|
|Disposals||(550,000)|(40,154)|(590,154)|
|Transfer|2,549,420|2 549,428|||
|||5,124,420|126,098|5,250,518|
|At 31 December 2020|||||
|Grants received||(293,167)|(2,370)|(295,537)|
|||4,831,253|123,728|4,954,981|
|DEPRECIATION|||||
|At 1 January 2020|||111,892|111,892|
|Charge for the year
Eliminated
on disposal|||7,976
~21,747|7,976
~21 747|
|At 31 December 2020|||98,121|98 121|
|NET BOOK VALUE|||||
|At 31 December 2020||4,831253|25,607|4,856,860|
|At 31 December 2019|2 364,554|2,831 833|49,486|5,245, 873|
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|DEBTORS: A|MOUNTS
FALLING DUE WITHIN ONE|YEAR||
|---|---|---|---|
|||2020|2019|
|||F|F|
|Prepayments|and other debtors|6,876|10,171|
|Trade Debtors||846||
|||7,722|10,171|
||F|F|OR THE YEAR ENDED 31 DECEMBER 2020|OR THE YEAR ENDED 31 DECEMBER 2020|||
|---|---|---|---|---|---|---|
|13.|CREDITORS: AMOUNTS||FALLING DUE WITHIN ONE YEAR||||
||||||2020|2019|
||||||f||
||Social security
and other||taxes||5,775|5,265|
||Trade creditors||||66,734|234,174|
||Accrued|Expenses|||12,695|7,675|
||Bank Loans||||52,778|41,666|
||||||137,982|288,780|
|14.|CREDITORS: AMOUNTS||FALLING DUE AFTER MORE THAN ONE||||
||YEAR||||||
||||||2020
f|2019
F|
||Bank loans (see note 13)||||1,372,222|1,603,347|
|15.|LOANS||||||
||An analysis
ofthe maturity||of loans is given below:||||
||||||2020
f|2019
f|
||Amounts|falling due within|one year or on demand:||||
||Bank loan||||52,778|41,666|
||Amounts|falling due between||one and two years:|||
||Bank loan|- 1-2years|||79,167|~186680|
||Amounts|falling due between||two and five years:|||
||Bank loan|—2-5 years|||237,500|250,000|
||Amounts|falling due in more than five years:|||||
||Repayable
by instalments
Bank loan more than 5 years|||by instalments|1,055,555|1,166,667|
||||||1 425 QQQ|1,545513|
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|inimum
lease payments
under non-cancellable
oper|ating
leases fall due as follows:||
|---|---|---|
||2020|2019|
||6|F|
|Within one year|1,886|2,830|
|Between one and five years||1,886|
||1 886|4,716|
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|||Unrestricted|Endowment|2020 Total|2019Total|
|---|---|---|---|---|---|
|||Funds|funds|Funds|Funds|
|||6|6|6|F|
|Fixed assets||3,846,893|1,009,697|4,856,860|5,245,873|
|Current|assets|65,963||65,963|143,992|
|Current|liabilities|(137,982)||(137,982)|(288,780)|
|Long term liabilities||(1,372,222)||(1,425,000)|(1,603,347)|
|||2,402,922|1,009,697|3,412,619|3,497,738|
##
|||||Net||
|---|---|---|---|---|---|
|||||movement
in||
||||At 1.1.20|funds|At 31.12.20|
||||F|F|6|
|Unrestricted|funds|||||
|General
fund|||991,755|309,829|1,301,584|
|Designated
Revaluation|funds
Reserve|Fund|1,496,286|~394,9483|1,101,3311|
||||2,488,041|~85,1193|2402,922|
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|Endowment|funds|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|Designated|funds|||||||||||
|Permanent|Endowment|Revaluation||Reserve||Fund||885,480||885,480||
|Permanent|Endowment|Property|Equity||Fund|||124217||124,217||
|||||||||1,009,697||1 009|697|
|TOTAL FUNDS||||||||3,497738|~88 1197|3,412,619||
|Net movement
in funds,||included|in|the|above|are|as follows:|||||
||||||Incoming|||Resources|Transfers|Movement|in|
||||||Resources|||expended||Funds||
||||||||f|f|F|F||
|Unrestricted|funds|||||||||||
|General
fund||||||431,296||(516,415)|394,948|309,829||
|Revaluation|fund||||||||(394,948)|(394,948)||
|Endowment|funds|||||||||||
|Permanent|Endowment|Equity Fund||||||||||
|Permanent|Endowment|Reserve|Fund|||||||||
|||||||430,296||(516,415)||(85,119)||
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