REGISTERED CHARITY NUMBER: 221523
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2021
FOR
LEE'S REST HOUSES
Sowerby Chartered Accountants Beckside Court Annie Reed Road Beverley East Yorkshire HU17 0LF
LEE'S REST HOUSES
CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 30 September 2021
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Page
Reference and Administrative Details 1
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
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LEE'S REST HOUSES
REFERENCE AND ADMINISTRATIVE DETAILS for the Year Ended 30 September 2021
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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
HU17 0LF
BANKERS HSBC
3-4 Jameson Street
Hull
HU1 3JX
INVESTMENT MANAGERS JM FINN
4 Coleman Street
London
EC2R 5TA
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LEE'S REST HOUSES
REPORT OF THE TRUSTEES for the Year Ended 30 September 2021
The trustees present their report with the financial statements of the charity for the year ended 30 September 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The principal objectives are the provision of accommodation for the needy residents of Hull and district and the maintenance of the Lee's Rest Houses. To achieve these objectives funds are raised by way of a weekly charge on residents and from investments and are applied in the improvements and upkeep of the property and administration costs.
The trustees have complied with the duty in section 17(5) of the Charities Act 2011 to have due regard to public benefit, guidance as published by the Charity Commission.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The organisation continued to provide low cost accommodation throughout the year.
The charity has met its objective by continuing to maintain the buildings and grounds for the use by the residents at a cost subsidised to a level below normal market rates.
The number of beneficiaries of the charity's main activities are shown below:
| Number of residents at year end Changes in residents during the year due to: New residents Resignations Deaths Average age of residents |
2021 136 23 6 6 12 76 |
2020 125 13 11 6 17 77 |
|---|---|---|
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LEE'S REST HOUSES
REPORT OF THE TRUSTEES for the Year Ended 30 September 2021
FINANCIAL REVIEW
Investment policy and objectives
The organisations investment powers are prescribed in the deed as amended by the Charity Commission. Details of the powers within each fund are set out in note 1 to the accounts. The organisations investments are decided upon by the Board of Trustees in consultation with its investment advisors.
Investment policy
The charity aims to establish sufficient reserve funds to deal with the future needs of its activities.
Given the current economic climate it is adopting a strategy to safeguard its resources and invest in cash deposits.
Reserves policy
The charity reserves of £1,673,951 are held to secure the ongoing needs of the charity.
The charity aim is to build up these reserves in order to safeguard the charity's ability to continue in providing affordable accommodation to the elderly.
Pensions
The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in independently administered funds.
COVID 19
During the year the charity received funding under the Government's Job Retention Scheme. The pandemic has not had any further impact on the running of the charity during the year.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Lee's Rest Houses is a registered charity in England and Wales and operates as an unincorporated body. The charity was established by the original deed arising under the will of the late Dr. C. A. Lee who died on 13th January 1912. The original deed has been amended and extended by agreement with the Charity Commission.
Organisational structure
Lee's Rest Houses is governed by a Board of trustees who meet quarterly and delegate the day to day operation of the organisation to full time senior management. New trustees join the Board at the invitation of the Board and are chosen with a view to ensuring that the Board contains an appropriate balance of experience relevant to the operations of Lee's Rest Houses. New trustees are provided with guidance on their responsibilities in being a charity trustee.
Key management remuneration
Key management personnel received remuneration of £42,354 for the year ended 30th September 2021.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The principle risks to the charity are those which would effect the physical structure of the site. The trustees strategy to mitigate these risks is to continue providing investment and maintenance of the buildings and infrastructure.
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LEE'S REST HOUSES
REPORT OF THE TRUSTEES for the Year Ended 30 September 2021
Approved by order of the board of trustees on 12 May 2022 and signed on its behalf by:
Adrian Mark Horsley - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LEE'S REST HOUSES
Independent examiner's report to the trustees of Lee's Rest Houses
I report to the charity trustees on my examination of the accounts of Lee's Rest Houses (the Trust) for the year ended 30 September 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Institute of Chartered Accountants which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Patrick Scargill FCCA Institute of Chartered Accountants Sowerby Chartered Accountants Beckside Court Annie Reed Road Beverley East Yorkshire HU17 0LF
12 May 2022
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LEE'S REST HOUSES
STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 30 September 2021
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies 3 Charitable activities 5 Charges to residents Governance costs Income from laundry Electric sales Investment income 4 Total EXPENDITURE ON Raising funds Other trading activities 6 Charitable activities 7 Governance costs Total Net gains/(losses) on investments NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds £ 7,691 470,742 762 2,193 78,551 9,439 569,378 446,119 446,119 225,677 671,796 42,564 (59,854) 1,653,782 1,593,928 |
Restricted funds £ - - - - - - - - - - - - - 80,023 80,023 |
2021 Total funds £ 7,691 470,742 762 2,193 78,551 9,439 569,378 446,119 446,119 225,677 671,796 42,564 (59,854) 1,733,805 1,673,951 |
2020 Total funds £ 24,927 508,421 1,668 1,704 97,170 8,404 642,294 309,449 309,449 206,981 516,430 (7,409) 118,455 1,615,350 1,733,805 |
|---|---|---|---|---|
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activities.
The notes form part of these financial statements
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LEE'S REST HOUSES
BALANCE SHEET 30 September 2021
| Notes FIXED ASSETS Tangible assets 13 Investments 14 CURRENT ASSETS Debtors 15 Cash at bank and in hand CREDITORS Amounts falling due within one year 16 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 17 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted funds £ 473,241 658,570 1,131,811 3,628 516,715 520,343 (58,226) 462,117 1,593,928 1,593,928 |
Restricted funds £ 76,205 - 76,205 - 3,818 3,818 - 3,818 80,023 80,023 |
2021 Total funds £ 549,446 658,570 1,208,016 3,628 520,533 524,161 (58,226) 465,935 1,673,951 1,673,951 1,593,928 80,023 1,673,951 |
2020 Total funds £ 641,768 312,507 954,275 55,610 764,781 820,391 (40,861) 779,530 1,733,805 1,733,805 1,653,782 80,023 1,733,805 |
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 12 May 2022 and were signed on its behalf by:
Adrian Mark Horsley - Trustee
The notes form part of these financial statements
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LEE'S REST HOUSES
CASH FLOW STATEMENT for the Year Ended 30 September 2021
| Notes Cash flows from operating activities Cash generated from operations 1 Net cash provided by operating activities Cash flows from investing activities Purchase of tangible fixed assets Purchase of fixed asset investments Sale of fixed asset investments Sale of investment property Sale of social investments Interest received Dividends received Net cash (used in)/provided by investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
2021 £ 49,812 49,812 - (309,366) 5,867 - - 73 9,366 (294,060) (244,248) 764,781 520,533 |
2020 £ 151,277 151,277 50,580 (7,532) 11,755 (1,467) (5,942) 873 7,531 55,798 207,075 557,706 764,781 |
|---|---|---|
The notes form part of these financial statements
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LEE'S REST HOUSES
NOTES TO THE CASH FLOW STATEMENT for the Year Ended 30 September 2021
1. RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
| ACTIVITIES | ||
|---|---|---|
| Net (expenditure)/income for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges (Gain)/losses on investments Interest received Dividends received Decrease/(increase) in debtors Increase in creditors |
2021 2020 £ £ (59,854) 118,455 92,322 78,762 (42,564) 7,409 (73) (873) (9,366) (7,531) 51,982 (55,034) 17,365 10,089 |
|
| Net cash provided by operations | 49,812 151,277 |
|
| 2. ANALYSIS OF CHANGES IN NET FUNDS Net cash Cash at bank and in hand |
At 1/10/20 £ 764,781 |
Cash flow At 30/9/21 £ £ (244,248) 520,533 |
| 764,781 | (244,248) 520,533 |
|
| Total | 764,781 | (244,248) 520,533 |
The notes form part of these financial statements
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LEE'S REST HOUSES
NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 30 September 2021
1. FUNDS
Restricted funds
The restricted funds are those set up by the original trust arising under the will of the late Dr. C. A. Lee who died on 13th January 1912. The use of the funds is controlled by the original trust deed, as amended or extended by Schemes from the Charity Commissioners. The funds are divided into the following sections:
Property endowment fund
This is the fund used to buy the land and erect the buildings thereon.
Mortgage redemption fund
A loan was provided by Hull Corporation to meet the cost of improvements to the flats in 1969. As the loan was repaid it was necessary to build up a Redemption Fund of a similar amount in order to retain the capital within the trust.
Unrestricted funds
Restricted investment fund
This was set up by the Charity Commissioners' Scheme of 21st July 1959 when investments on that date were divided into one third in this Fund and two thirds in the Free Investment Fund.
Free investment fund
Liquid resources of the fund are held in cash at bank
Designated funds
The Designated Funds have been set up by resolution of the Trustees at different times and for different purposes. They are:
Cyclical maintenance fund
This Fund is to meet expenditure on repairs and decorations where deterioration occurs from year to year but work is done less frequently. Liquid resources of the fund are held in cash at bank
Extraordinary repair fund
This Fund is to meet exceptional expenditure, particularly excessive repairs and improvements. Liquid resources of the fund are held in cash at bank
Property maintenance fund
This Fund originated as a donation for the maintenance of property gifted to the Trustees in 1973. Since that date expenditure on fencing has reduced the fund to its present level.
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LEE'S REST HOUSES
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 September 2021
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
The trust constitues a public benefit entity as defined by FRS 102.
The trustees consider that there are no material uncertanties about the trust's ability to continue as a going concern.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
A grant has been received under the Government's Coronavirus Job Retention scheme during the year. This has been recognised in the period to which it relates.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided Improvements to property - 10% on cost
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
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LEE'S REST HOUSES
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 September 2021
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3. DONATIONS AND LEGACIES
2021 2020
£ £
Grants 7,691 24,927
Grants received, included in the above, are as follows:
2021 2020
£ £
Lottery funding - 9,893
Coronavirus Job Retention scheme 7,691 15,034
7,691 24,927
4. INVESTMENT INCOME
2021 2020
£ £
UK listed investments 5,814 4,786
Overseas listed investments 3,552 2,745
Deposit account interest 73 873
9,439 8,404
5. INCOME FROM CHARITABLE ACTIVITIES
Charges Income
to Governance from
residents costs laundry
£ £ £
Charges to residents 470,742 - -
Income from laundry - - 2,193
Hall rental - 762 -
- - -
Electric charges to residents
RHI - - -
470,742 762 2,193
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LEE'S REST HOUSES
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 September 2021
5. INCOME FROM CHARITABLE ACTIVITIES - continued
| Charges to residents Income from laundry Hall rental Electric charges to residents RHI 6. OTHER TRADING ACTIVITIES Heating costs Staff costs Rates and water Insurance Background heating Garden maintenance Water charges Cleaning Routine maintenance Property repairs 7. CHARITABLE ACTIVITIES COSTS Governance costs |
Electric sales £ - - - 63,742 14,809 78,551 |
2021 Total activities £ 470,742 2,193 762 63,742 14,809 552,248 2021 £ 13,459 24,655 9,537 14,442 122,734 2,499 27,277 4,687 38,616 188,213 446,119 c |
2020 Total activities £ 508,421 1,704 1,668 79,165 18,005 608,963 2020 £ 12,457 23,474 2,637 14,520 123,634 1,050 28,235 2,777 32,943 67,722 309,449 Support osts (see note 8) £ 225,677 |
|---|---|---|---|
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LEE'S REST HOUSES
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 September 2021
8. SUPPORT COSTS
Governance costs
Governance costs £ 225,677
9. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 30 September 2021 nor for the year ended 30 September 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 30 September 2021 nor for the year ended 30 September 2020.
10. STAFF COSTS
| Wages and salaries Social security costs Other pension costs The average monthly number of employees during the year was as follows: Administration Cleaning Caretaker Garden maintenance |
2021 £ 112,240 5,370 7,627 125,237 2021 2 2 1 1 6 |
2020 £ 103,749 7,582 7,126 118,457 2020 2 2 1 1 6 |
|
|---|---|---|---|
No employees received emoluments in excess of £60,000.
| The number of employees to whom retirement benefits were accruing under defined contribution schemes |
4 4 |
|---|---|
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LEE'S REST HOUSES
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 September 2021
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11. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
£ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 24,927 - 24,927
Charitable activities
Charges to residents 508,421 - 508,421
Governance costs 1,668 - 1,668
Income from laundry 1,704 - 1,704
Electric sales 97,170 - 97,170
Investment income 8,404 - 8,404
Total 642,294 - 642,294
EXPENDITURE ON
Raising funds
Other trading activities 309,449 - 309,449
309,449 - 309,449
Charitable activities
Governance costs 206,981 - 206,981
Total 516,430 - 516,430
-
Net gains/(losses) on investments (7,409) (7,409)
NET INCOME 118,455 - 118,455
RECONCILIATION OF FUNDS
Total funds brought forward 1,535,327 80,023 1,615,350
TOTAL FUNDS CARRIED FORWARD 1,653,782 80,023 1,733,805
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LEE'S REST HOUSES
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 September 2021
12. INDEPENDENT EXAMINER'S REMUNERATION
The independent examiner's remuneration constituted an independent examiners fee of £3,000 (2020 - £2,800) and additional accountancy, and secretarial services of £8,875 (2020 - £6,998).
13. TANGIBLE FIXED ASSETS
| COST At 1 October 2020 and 30 September 2021 DEPRECIATION At 1 October 2020 Charge for year At 30 September 2021 NET BOOK VALUE At 30 September 2021 At 30 September 2020 14. FIXED ASSET INVESTMENTS MARKET VALUE At 1 October 2020 Additions Disposals Revaluations At 30 September 2021 NET BOOK VALUE At 30 September 2021 At 30 September 2020 Analysis of investment assets Assets in the UK Assets outside the UK |
Improvements Freehold to property property £ £ 76,205 942,147 - 376,584 - 92,322 - 468,906 76,205 473,241 76,205 565,563 |
Improvements Freehold to property property £ £ 76,205 942,147 - 376,584 - 92,322 - 468,906 76,205 473,241 76,205 565,563 |
Totals £ 1,018,352 376,584 92,322 468,906 549,446 641,768 Listed investments £ 312,507 309,366 (5,867) 42,564 658,570 658,570 312,507 |
Totals £ 1,018,352 376,584 92,322 468,906 549,446 641,768 Listed investments £ 312,507 309,366 (5,867) 42,564 658,570 658,570 312,507 |
|---|---|---|---|---|
| 2021 422,804 235,766 658,570 |
2020 179,810 132,697 312,507 |
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LEE'S REST HOUSES
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 September 2021
14. FIXED ASSET INVESTMENTS - continued
Cost or valuation at 30 September 2021 is represented by:
| Valuation in 2021 15. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors VAT 16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Taxation and social security Other creditors 17. MOVEMENT IN FUNDS Net At movement 1/10/20 in funds £ £ Unrestricted funds Restricted investment fund 308,941 42,786 Free investment fund 1,325,143 85,573 Cyclical maintenance fund 20,783 (74,651) Extraordinary repair fund (1,475) (113,562) Property maintenance fund 390 - 1,653,782 (59,854) Restricted funds Property endowment fund 50,023 - Mortgage redemption fund 30,000 - 80,023 - TOTAL FUNDS 1,733,805 (59,854) |
2021 £ 2,484 1,144 3,628 2021 £ - 58,226 58,226 Transfers between funds £ (58,667) (117,333) 60,000 116,000 - - - - - - |
Listed investments £ 658,570 2020 £ 6,206 49,404 55,610 2020 £ 1,334 39,527 40,861 At 30/9/21 £ 293,060 1,293,383 6,132 963 390 1,593,928 50,023 30,000 80,023 1,673,951 |
|---|---|---|
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LEE'S REST HOUSES
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 September 2021
17. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds Restricted investment fund Free investment fund Cyclical maintenance fund Extraordinary repair fund TOTAL FUNDS Comparatives for movement in funds Unrestricted funds Restricted investment fund Free investment fund Cyclical maintenance fund Extraordinary repair fund Property maintenance fund Restricted funds Property endowment fund Mortgage redemption fund TOTAL FUNDS |
Incoming resources £ 189,794 379,584 - - 569,378 569,378 |
Resources expended £ (161,196) (322,387) (74,651) (113,562) (671,796) (671,796) At 1/10/19 £ 250,180 1,207,620 55,446 21,691 390 1,535,327 50,023 30,000 80,023 1,615,350 |
Gains and losses £ 14,188 28,376 - - 42,564 42,564 Net movement in funds £ 58,761 117,523 (34,663) (23,166) - 118,455 - - - 118,455 |
Movement in funds £ 42,786 85,573 (74,651) (113,562) (59,854) (59,854) At 30/9/20 £ 308,941 1,325,143 20,783 (1,475) 390 1,653,782 50,023 30,000 80,023 1,733,805 |
|
|---|---|---|---|---|---|
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LEE'S REST HOUSES
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 September 2021
17. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds Restricted investment fund Free investment fund Cyclical maintenance fund Extraordinary repair fund TOTAL FUNDS |
Incoming Resources resources expended £ £ 210,800 (149,569) 421,601 (299,139) - (34,663) 9,893 (33,059) 642,294 (516,430) 642,294 (516,430) |
Gains and Movement losses in funds £ £ (2,470) 58,761 (4,939) 117,523 - (34,663) - (23,166) (7,409) 118,455 (7,409) 118,455 |
|---|---|---|
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds Restricted investment fund Free investment fund Cyclical maintenance fund Extraordinary repair fund Property maintenance fund Restricted funds Property endowment fund Mortgage redemption fund TOTAL FUNDS |
At 1/10/19 £ 250,180 1,207,620 55,446 21,691 390 1,535,327 50,023 30,000 80,023 1,615,350 |
Net movement in funds £ 101,547 203,096 (109,314) (136,728) - 58,601 - - - 58,601 |
Transfers between funds £ (58,667) (117,333) 60,000 116,000 - - - - - - |
At 30/9/21 £ 293,060 1,293,383 6,132 963 390 1,593,928 50,023 30,000 80,023 1,673,951 |
|---|---|---|---|---|
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LEE'S REST HOUSES
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 30 September 2021
17. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming Resources resources expended £ £ Unrestricted funds Restricted investment fund 400,594 (310,765) Free investment fund 801,185 (621,526) Cyclical maintenance fund - (109,314) Extraordinary repair fund 9,893 (146,621) 1,211,672 (1,188,226) TOTAL FUNDS 1,211,672 (1,188,226) |
Gains and Movement losses in funds £ £ 11,718 101,547 23,437 203,096 - (109,314) - (136,728) 35,155 58,601 35,155 58,601 |
|---|---|
18. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 30 September 2021.
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LEE'S REST HOUSES
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 30 September 2021
| INCOME AND ENDOWMENTS Donations and legacies Grants Investment income UK listed investments Overseas listed investments Deposit account interest Charitable activities Charges to residents Income from laundry Hall rental Electric charges to residents RHI Total incoming resources EXPENDITURE Other trading activities Heating costs Wages Social security Pensions Rates and water Insurance Background heating Garden maintenance Water charges Cleaning Routine maintenance Property repairs Support costs |
2021 £ 7,691 5,814 3,552 73 9,439 470,742 2,193 762 63,742 14,809 552,248 569,378 13,459 22,445 1,074 1,136 9,537 14,442 122,734 2,499 27,277 4,687 38,616 188,213 446,119 |
2020 £ 24,927 4,786 2,745 873 8,404 508,421 1,704 1,668 79,165 18,005 608,963 642,294 12,457 20,863 1,542 1,069 2,637 14,520 123,634 1,050 28,235 2,777 32,943 67,722 309,449 |
|---|---|---|
This page does not form part of the statutory financial statements
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LEE'S REST HOUSES
DETAILED STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 30 September 2021
| Support costs Governance costs Salaries Social security Pensions Brokers fees Bank charges and interest Legal and professional fees General administration, stationery telephones etc. Accountancy Depreciation Total resources expended Net (expenditure)/income before gains and losses Realised recognised gains and losses Unrealised gains on investments Realised gains/(losses) on programme related investments Net (expenditure)/income |
2021 £ 89,795 4,296 6,491 5,867 207 4,951 9,873 11,875 92,322 225,677 671,796 (102,418) 39,189 3,375 (59,854) |
2020 £ 82,886 6,040 6,057 4,347 306 2,768 16,017 9,798 78,762 206,981 516,430 125,864 (1,467) (5,942) 118,455 |
|---|---|---|
This page does not form part of the statutory financial statements
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