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2020-09-30-accounts

Page
Reference and Administrative
 Details
Report
of		 the Trustees 2
to		 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance
Sheet		 7
Cash Flow Statement 8
Notes to the Cash Flow Statement 9
Notes
to		 the Financial Statements 10
to		 20
Detailed
 Statement
 of Financial Activities 21 to 22
TRUSTEES Adrian Mark Horsley
Mrs Patricia Anne Booth
Kevin Simon Webster
James
Needler
Nicholas Luffingham
Mr Anthony
 Nicholson
Neil Riseham
Mrs Karen Woods
PRINCIPAL
 ADDRESS Anlaby Road
Hull
East Yorkshire
HU4 6XA
REGISTERED CHARITY
 NUMBER 221523
INDEPENDENT EXAMINER Sowerby
Chartered
Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU170LF
BANKERS HSBC
3-4 Jameson
Street
Hull
HUI 3JX
INVESTMENT MANAGERS JM FINN
4 Coleman Street
London
EC2R5TA

2020 2019
Number of residents at year end 125 129
Changes in residents during the year due to:
New residents 13 8
Resignations
Deaths
17 10
Average age of residents 77 76

2020 2019
Llnrestricted Restricted Total Total
funds funds funds funds
Notes {
INCOME
 AND
 ENDOWMENTS FROM
Donations
 and legacies 3 24,927 24,927 193
Charitable activities 5
Charges to residents 508,421 508,421 506,664
Governance costs I ,668 I ,668
Income from laundry I ,704 I ,704 2,077
Electric sales 97, 170 97, 170 94,039
Investment
 income 4 8,404 8,404 4,790
Total 642,294 642,294 607,763
EXPENDITURE ON
Raising
funds
Other trading activities 6 309,449 309,449 279,518
309,449 309,449 279,518
Charitable activities 7
Governance costs 206,981 206,981 228,817
Total 516,430 516,430 508,335
Net gains/(losses)
 on investments (7,409) (7,409) 17,781
NET INCOME 118,455 118,455 117,209
RECONCILIATION OF FUNDS
Total
funds		 brought
 forward 1,535,327 80,023 1,615,350 I ,498, 141
TOTAL
FUNDS		 CARRIED
 FORWARD I ,(i53,782 80,023 I ,733,805 1,615,350
CONTINUING OPERATIONS

2020 2019
Unrestricted Restricted Total Total
funds funds funds funds
Notes {
FIXED
 ASSETS
Tangible assets 13 565,563 76,205 641 ,768 77 I , I 10
Investments 14 312,507 312,507 316,730
878,070 76,205 954,275 I ,087,840
CURRENT
ASSETS
Debtors IS 55,610 55,610 576
Cash at bank 760,963 3,BIB 764,78 I 557,706
816,573 3,818 820,391 558,282
CREDITORS
Amounts falling due within one year 16 (40,861) (40,861) (30,772)
NET CURRENT
 ASSETS 775,712 3,818 779,530 527,510
TOTAL ASSETS
 LESS CURRENT
LIABILITIES I ,653,782 80,023 I ,733,805 I ,615,350
NET ASSETS I ,653,782 80,023 I ,733,805 I ,615,350
FUNDS 17
Unrestricted
funds		 I ,653,782 1,535,327
Restricted funds 80,023 80,023
TOT
AL		 FUNDS I ,733,805 I ,61 5,350

2020 2019
Notes
Cash flows from
operating
 activities
Cash generated
from operations		 151 ,277 182,867
Net cash provided by operating activities 151 ,277 182,867
Cash flows from
investing
 activities
Purchase of tangible fixed assets 50,580
Purchase of fixed asset investments (7,532) (3,966)
Sale of fixed asset investments I I ,755 (12,904)
Sale of investment
property		 (1,467) 17,781
Sale of social investments (5,942)
Interest received 873 1,107
Dividends received 7,531 3,683
Net cash provided by investing activities 55,798 5,701
Change
in cash and cash equivalents
 in the
reporting
period		 207,075 188,568
Cash and cash equivalents
 at the beginning
of the reporting
period		 557,706 369,138
Cash and cash equivalents
 at the end of
the reporting
period		 764,7EI I 557,706

RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2020 2019
{ {
Net income
for the		 reporting
 period
 (as per the Statement of Financial
Activities) 118,455 117,209
Adjustments
for:
Depreciationcharges 78,762 99,274
Losses/(gain)oninvestments 7,409 (17,780)
Interest received (873) (1, 107)
Dividendsreceived (7,531) (3,683)
(Increase)/decreaseindebtors (55,034) 423
Increase/(decrease)increditors 10,089 (11,469)
Net cash provided
 by operations 151 ,277 182,867

At I / IO/ 19 Cash flow At 30/9/20
Net cash
Cash at bank 557,706 207,075 764,78 I
557,706 207,075 764,78 I
Total 557,706 207,075 7(:,4,7El I

Freehold property not provided
Improvements
to property		 IO% on cost

2020 2019
Donations
Grants 24 927
24 927 193
Grants received, included in the above, are as follows:
2020 2019
Lottery
 funding 9,893
Coronavirus Job Retention scheme 5 034
24,927
INVESTMENT
 INCOME
2020 2019
UK listed investments 4,786 2,958
Overseas listed investments 2,745 725
Deposit account interest 873
8,404 4,790
INCOME FROM CHARIT ABLE
 ACTIVITIES
Charges Income
Governance from
residents costs laundry
Charges to residents 508,42
Income from laundry I ,704
Hall rental I ,668
Electric charges to residents
RHI
508,421 I ,668 I ,704

INCOME FROM CHARITABLE ACTIVITIES - continued
2020 2019
Electric Total Total
sales aCtlVltleS actmties
Charges to residents 508,42 506.664
Income from laundry 704 2.077
Hall rental 668
Electric charges to residents 79, 165 79 I65 76,298
RHI 18,005 8,005 17,741
97, 170 608,%3 602,780
OTHER TRADING ACTIVITIES
2020 2019
Heating costs 2,457
Staff costs 23 474 28,137
Rates and water 2,637 2,693
Insurance 4,520 15, 134
Background heating 23 634 94,940
Garden maintenance 050 4,045
Water
 charges 28,235 26,582
Cleaning 2,777 2,883
Routine maintenance 32,943 36,608
Property repairs 67 722 68,496
309,449 279,518
CHARIT ABLE
 ACTIVITIES
 COSTS
Support
costs (see
note 8)
Governance costs 20(+,98I

2020 2019
l
Wages and salaries 103,749 3017
Social security costs 7,582 5 108
Other pension costs 7, 126 5 949
118,457 124,074
2020 2019
Administration 2 3
Cleaning 2 2
Caretaker I I
Garden maintenance I 2
6 8
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
INCOME
AND
 ENDOWMENTS FROM
Donations
and legacies		 193 193
Charitable
activities
Charges to residents 506,664 506,664
Income from laundry 2,077 2,077
Electric sales 94,039 94,039
Investment
income		 4,790 4,790
Total 607,763 607,763
EXPENDITURE ON
Raising
funds
Other trading activities 279,518 279,518
279,518 279,518
Charitable
activities
Governance
costs		 228,817 228,817
Total 508,335 508,335
Net gains on investments 17,781 17,781
NET INCOME 117,209 117,209
RECONCILIATION OF FUNDS
Total
funds brought		 forward I ,418, 118 80,023 I ,498, 141
TOTAL
FUNDS		 CARRIED
 FORWARD 1,535,327 80,023 I ,615,350

mprovements
Freehold tO
property property Totals
COST
At I October
 2019 76,205 992,727 068,932
Additions (50,580) (50,580)
At 30 September 2020 76,205 942, 147 018,352
DEPRECIATION
At I October
 2019 297,822 297,822
Charge for year 78,762 78,762
At 30 September 2020 376,584 376,584
NETBOOKVALUE
At 30 September 2020 76,205 565,563 641 ,768
At 30 September 2019 76,205 694,905 771,110
14. FIXED
ASSET		 INVESTMENTS
Listed
investments
MARKETVALUE
At I October
 2019 316,730
Additions 7,532
Disposals (4,346)
Revaluations (7,409)
At 30 September 2020 312,507
NET BOOK
 VALUE
At 30 September 2020 312,507
At 30 September 2019 316,730

Analysis
 of investment investment investment assets 2020 2019
Assets in the UK 179,810 224,616
Assets outside the UK 132,697 92, 114
312,507 316,730
DEBTORS: AMOUNTS FALLING
 DUE WITHIN
 ONE YEAR
2020 2019
Other debtors 6,206 576
VAT 49 404
55,610 576
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
Taxation and social security
Other creditors 39,527 30,772
40,861 30,772
MOVEMENT IN FUNDS
Net
At movement
I / I O/ 19 in funds 30/9/20
l
Unrestricted funds
Restricted investment fund 250, 180 58,761 308,941
Free investment fund I ,207,620 117,523 1,325,143
Cyclical maintenance
 fund SS,446 (34,663) 20,783
Extraordinary repair fund 21,691 (23,166) (1,475)
Property
 maintenance fund 390 390
I ,535,327 118,455 I ,653,782
Restricted funds
Property
 endowment
 fund 50,023 50,023
Mortgage redemption
 fund 30,000 30,000
80,023 80,023
TOTALFUNDS 1,615,350 I I 8,455 I ,733,805

Incoming Resources Gains and Movement
resources expended losses in funds
L
Unrestricted funds
Restricted
 investment fund 210,800 (149,569) (2,470) 58,761
Free investment fund 421 ,601 (299, 139) (4,939) 117,523
Cyclical maintenance
 fund (34,663) (34,663)
Extraordinary repair fund 9,893 (33,059) (23,166)
642,294 (516,430) (7,409) 118,455
TOTALFUNDS 642,294 (516,430) (7,409) 118,455
Net
movement
1/10/18 in funds 30/9/19
Unrestricted
funds
Restricted investment fund 188,278 61 ,902 250, 180
Free investment
fund		 1,083,817 123,803 1,207,620
Cyclical maintenance
 fund 68,826 (13,380) 55,446
Extraordinary
repair		 fund 76,807 (55,116) 2 1 ,691
Propeity maintenance fund 390 390
I ,418, 118 117,209 I ,535,327
Restricted funds
Property endowment fund 50,023 50,023
Mortgage redemption fund 30,000 30,000
80,023 80,023
TOT
AL		 FUNDS li498il41 117,209 I ,615,350

Incoming Resources Gains and Movement
resources expended losses in funds
{ {
Unrestricted funds
Restricted
 investment fund 202,589 (146,614) 5,927 61 ,902
Freeinvestmentfund 405,174 (293,225) I I ,854 123,803
Cyclical maintenance
 fund (13,380) (13,380)
Extraordinary repair fund (55, 116) (55, I 16)
607,763 (SOB,335) 17,781 117,209
TOT
AL FUNDS		 607,763 (508,335) 17,781 117,209
Net
movement
1/10/18 in funds 30/9/20
Unrestricted
funds
Restricted investment fund 188,278 120,663 308,941
Free investment
fund		 I ,083,817 241,326 1,325,143
Cyclical maintenance
 fund 68,826 (48,043) 20,783
Extraordinary
repair		 fund 76,807 (78,282) (1,475)
Property maintenance fund 390 390
I ,418, 118 235,064 I ,653,782
Restricted funds
Property endowment fund 50,023 50,023
Mortgage redemption fund 30,000 30,000
80,023 80,023
TOTALFUNDS I ,498, 141 235,664 I ,733,805

ncoming Resources Gains and Movement
resources expended losses in funds
L
Unrestricted funds
Restricted
 investment fund 413,389 (296, 183) 3,457 120,663
Free investment fund 826,775 (592,364) 6,91 S 241,326
Cyclical maintenance
 fund (48,043) (48,043)
Extraordinary repair fund 9,893 (88,175) (78,282)
,250 057 (I ,024,765) 10,372 235,664
TOT
AL FUNDS		 ,250 057 (I ,024,765) 10,372 235,664

2020 2019
INCOME
AND		 ENDOWMENTS
Donations
and		 legacies
Donations 193
Grants 24,927
24,927 193
Investment
income
UK listed investments 4,7E16 2,958
Overseas listed investments 2,745 725
Deposit account interest 873 I , 107
8,404 4,790
Charitable
activities
Charges to residents 508,421 506,664
Income from laundry I ,704 2,077
Hall rental I ,668
Electric charges to residents 79, 165 76,298
RHI 18,005 11741
608,963 602,780
Total
incoming		 resources 642,294 607,7(:i3
EXPENDITURE
Other
trading		 activities
Heating costs 12,457
Wages 20,863 26,275
Social security I ,542 91 I
Pensions I ,069 951
Rates and water 2,637 2,693
Insurance 14,520 IS, 134
Background
heating		 123,634 94,940
Garden maintenance 1,050 4,045
Water charges 28,235 26,582
Cleaning 2,777 2,883
Routine maintenance 32,943 36,608
Carried forward 241 ,727 21I ,022

2020 2019
Other
trading		 activities
Brought
forward		 241 ,727 211 ,022
Property
repairs		 67,722 68,4%
309,449 279,518
Support
costs
Governance
 costs
Salaries 82,886 86,742
Social security 6,040 4,197
Pensions 6,057 4,998
Brokers
fees		 4,347 4,878
Bank charges and interest 306 927
Legal and professional fees 2,768
General
administration,		 stationery telephones etc. 16,017 18,549
Accountancy 9,798 9,252
Depreciation 78,762 99,274
206,981 228,817
Total resources
 expended 516,430 SOB,335
Net income
before
 gains
 and losses 125,864 99,428
Realised
recognised		 gains and losses
Unrealised
gains		 on investments (1,467) 17,781
Realised gains/(losses)
 on programme related
investments (5,942)
Net income 118,455 117,209