| PAGE | |||
|---|---|---|---|
| Trustees' | annual report |
||
| Independent examiner's |
report to the trustees | ||
| Statement | of financial | activities | |
| Statement | of financial | position | 10 |
| Notes to | the financial | statements |
| YEAR ENDED 28 FE | BRU | ARY 2021 | ||||||
|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||||
| Unrestricted | Restricted | Endowment | ||||||
| funds | funds | funds | Total | funds | Total funds | |||
| Note | f. | |||||||
| income and endowments Donations and legacies Charitable activities Investment income |
4 5 6 |
83,459 2,143 |
83,459 2,143 |
19 84,007 1,665 |
||||
| Total income | 85,602 | 85,602 | 85,69] | |||||
| Expenditure | ||||||||
| Expenditure on charitable activities |
7,8 | 75,731 | 75,731 | 61,209 | ||||
| Total expenditure | 75,731 | 75,731 | 61,209 | |||||
| Nct income | 9,871 | 9,871 | 24,482 | |||||
| Transfers between funds | (5,569) | 5,569 | ||||||
| Other recognised gains |
and | losses | ||||||
| Net unrealised gainsi(losses) on investment funds |
1,399 | 1,326 | 2,725 | (855) | ||||
| Net movement in funds |
5,701 | 5,569 | 1,326 | 12,596 | 23,627 | |||
| Reconciliation offunds Total funds brought forward |
(2,354) | — | 106,866 | 104,512 | 80,885 | |||
| Total funds carried forward | 3,347 | 5,569 | 108,192 | 117,108 | 104,512 |
| JOHN MACKINTOSH MEMORIAL | JOHN MACKINTOSH MEMORIAL | HOMES | HOMES | W" | M | |
|---|---|---|---|---|---|---|
| STATEMENT OF FINANCIAL POSITION | M1E«1«rOS« HOMES |
|||||
| 28FEBRUARY 2021 | ||||||
| 2021 | 2020 | |||||
| Note | f. | |||||
| FIXEDASSETS Tangible fixed assets Investments |
14 15 |
43,586 94,599 |
43,586 91,874 |
|||
| 138,185 | 135,460 | |||||
| CURRENT ASSETS Debtors Cash at bank and in hand |
16 | 2,126 44,603 |
958 42,927 |
|||
| 46,729 | 43,885 | |||||
| CREDITORS: amounts | falling due | |||||
| within one year Trade creditors |
606 | 196 | ||||
| Other creditors including taxation and social security Accruals and deferred income 17 |
6,913 13,958 |
8,239 13,156 |
||||
| 21,477 | 21,591 | |||||
| NKT CURRENT ASSETS | 25,252 | 22,294 | ||||
| TOTAL ASSETSLESS CURRENT LIABILITIES |
163,437 | 157,754 | ||||
| CREDITORS: amounts falling due after more than one year 18 |
461329 | 53,242 | ||||
| NET ASSETS | 20 | 117,108 | 104,512 | |||
| FUNDS OF THE CHARITY Endowment funds |
108,192 | 106,866 | ||||
| Restricted funds Unrestricted funds |
5,569 3,347 |
(2,354) | ||||
| Total charity funds | 19 | 117,108 | 104,512 |
| R ENDED 28 FEBRUARY 20 | 21 | |||
|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2021 | Funds | 2020 | |
| Income from listed investments Bank interest receivable |
2,095 48 |
2,095 48 |
1,433 232 |
1,433 232 |
| 2, 143 | 2,143 | 1,665 | 1,665 |
| EXPENDIT | URE ON CHARITAB | LE ACTIVITIES BYFUND T | YPE | |
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Fundsf | Funds | 2021 | ||
| Almshouses costs Support costs |
72,079 3,652 |
72,079 3,652 |
||
| 75,731 | 75,731 | |||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds 5 |
2020f | ||
| Almshouses costs Support costs |
53,797 3,557 |
3,855 | 57,652 3,557 |
|
| 57,354 | 3,855 | 61,209 |
| EXPENDIT | URE | ON | CH | ARITAB | LE ACTIVITIES | BYA | CTIVI | Y TYPE | |
|---|---|---|---|---|---|---|---|---|---|
| Activities | |||||||||
| undertaken | Total funds | Total funds | |||||||
| directly | Support | costs | 2021 | 2020 | |||||
| Almshouses Governance |
costs costs |
(see (see |
note note |
9) te) |
72,079 | 3,652 | 72,079 3,652 |
57,652 3,557 |
|
| 72,079 | 3 652 | 75,731 | 61„209 |
| EAR ENDED 28 FEBRUAR | Y | 20 | 21 | |||||
|---|---|---|---|---|---|---|---|---|
| Total 2021 | Total 2020 | |||||||
| Wardens' salaries and national insurance Clerks' salary, national insurance and contractor costs |
13,179 10,651 150 |
13,275 8,372 206 |
||||||
| Clerks' expenses Routine maintenance Legal and professional Light, heat, rates and water Insurance Gardener and cleaning |
2,017 4,160 14,102 2,139 2,516 105 |
l, 166 3,853 12,339 2,043 2,930 1,048 |
||||||
| Advertising | 493 | 549 | ||||||
| Effective interest Residents' welfare |
1,250 267 |
389 225 |
||||||
| Travelling Telephone and other office |
costs | 651 | 455 | |||||
| 51,680 | 46,850 | |||||||
| Cyclical maintenance | 20,399 | 6,947 | ||||||
| Restricted Extraordinary repairs |
3,855 | |||||||
| 72,079 | 57,652 | |||||||
| 10. ANALYSIS OF GOVERNANCE COSTS | ||||||||
| 2021 | 2020 | |||||||
| 806 | 699 | |||||||
| Warden's salaries Clerks' salary, national insurance |
and | contractor costs | 2,130 150 |
2,093 205 |
||||
| Clerks' expenses | 66 | 60 | ||||||
| Bank charges | 500 | 500 | ||||||
| Independent examiners report |
||||||||
| 3,652 | 3,557 | |||||||
| 11. INDEPENDENT EXAMINATION |
FEES | |||||||
| 2021 | 2020 | |||||||
| Fees payable to the independent Independent examination ofthe Other financial services |
examiner financial |
for: statements |
500 2,275 |
500 1,630 |
||||
| 2,775 | 2, 130 |
| The tota | l | staff costs and | employ | ee | benefits for the reporting perio |
d are analysed as foll |
ows: |
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| 8 | |||||||
| Wardens' salaries and Clerks' salary, national |
national insurance insurance and contractor costs |
13,985 12,781 |
13,974 10,465 |
||||
| 26,766 | 24,439 |
| TANGIBLE FIXEDASSETS | |
|---|---|
| Freehold | |
| property | |
| Cost At 1March 2020 and 28February 2021 |
43,586 |
| Carrying amount At 28 February 2021 |
43,586 |
| At 29 February 2020 | 43,586 |
| INVESTMENTS | ||
|---|---|---|
| Listed | ||
| investments | ||
| Cost or valuation At 1 March 2020 |
91,874 | |
| Additions Fair value movements |
2,725 | |
| At 28February 2021 | 94,599 | |
| Impairment | ||
| At I March 2020 and 28February | 2021 | |
| Carrying amount At 28February 2021 |
94,599 | |
| At 29 February 2020 | 91,874 |
| Cost | Pair value | Cost | Fair value | |||
|---|---|---|---|---|---|---|
| 2021 | 2021 | 2020 | 2020 | |||
| COIF charities | deposit funds | 34,771 | 34,771 | 34,771 | 34,771 | |
| CCLA property units) |
fund (11,825 income | 12,051 | 13,140 | 12,051 | 13,682 | |
| COIF charities (9,951 income |
ethical investment units) |
fund | 24,000 | 26,695 | 24,000 | 24,827 |
| COIF charities (7,453 income |
ethical investment units) |
fund | 20,000 | 19,993 | 20,000 | 18,594 |
| 90,822 | 94,599 | 90,822 | 91,874 |
| DUE WITH | IN ONE Y | EAR | |||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| E | |||||
| Almshouse Association Other creditors |
Loan | 6,913 | 6,857 1,382 |
||
| 6,913 | 8,239 | ||||
| 18. | CREDITORS: amounts | falling due after more than one year | |||
| 2021 | 2020 | ||||
| Almshouse | Association | Loan due in 2 to 5 years | 46,329 | 53,242 |
| Gains | At | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| and | |||||||||
| At | I | Mar 2020 | Income | Expenditure | Transfers | losses | 2$ Feb 2021 | ||
| General | funds | (2,354) | 85,602 | (55,332) | (25,968) | 1,399 | 3,347 | ||
| Cyclical maintenance |
fund | (20,399) | 20,399 | ||||||
| (2,354) | 85,602 | (75,731) | (5,569) | 1,399 | 3,347 | ||||
| Gains | |||||||||
| and | At | ||||||||
| At | I | Mar 2019 | Income | Expenditure | Transfers | losses | 29Feb 2020 | ||
| General | funds | (26,232) | 85„672 | (50,407) | (9,982) | (1,405) | (2,354) | ||
| Cyclical maintenance |
fund | 801 | (6,947) | 6,146 | |||||
| (25,431) | 85,672 | (57,354) | (3,836) | (1,405) | (2,354) |
| Restricted | funds | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Gains | At | ||||||||
| and | |||||||||
| At I Mar 2020 | Income | Expenditure | 1ransfers | losses | 28 | Eeb 2021 | |||
| Extraordinary repair fund |
5,569 | 5,569 | |||||||
| Gains | |||||||||
| and | At | ||||||||
| At I Mar20I9 | income | Expenditure | Transfers | losses | 29Eeb | 2020 | |||
| E | E | E | |||||||
| Extraordinary repair fund |
19 | (3,855) | 3,836 |
| Endowment | funds | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Gains and | At | ||||||||
| At | I | Mar 2020 | Income | Expenditure | Transfers | losses | 28Pcb 2021 | ||
| Endowment | fund | 63,280 | 1,326 | 64,606 | |||||
| Permanent endowment |
fund | 43,586 | 43,586 | ||||||
| 106,866 | 1,326 | 108,192 | |||||||
| Gains and | At | ||||||||
| At | 1 | Mar 2019 | Income | Expenditure | Transfers | losses | 29 Eeb 2020 | ||
| Endowment | fund | 62,730 | 550 | 63,280 | |||||
| Permanent endowment |
fund | 43,586 | 43,586 | ||||||
| 106,316 | 550 | 106,866 |
| ANALYSIS OF NET | ASSETSB | ETWEEN FUNDS | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total Funds | ||
| Funds | Funds | Funds | 2021 | ||
| Tangible fixed assets Investments Current assets Creditors less than 1 year Creditors greater than 1 year |
29,993 41,160 (21,477) (46,329) |
5,569 | 43,586 64,606 |
43,586 94,599 46,729 (21,477) (46,329) |
|
| Net assets | 3,347 | 5,569 | 108,192 | 117,108 | |
| Unrestricted | Restricted | Endowment | Total Funds | ||
| Funds | Funds | Funds | 2020 | ||
| f. | |||||
| Tangible fixed assets Investments Current assets Creditors less than 1 year Creditors greater than 1 year |
28,594 43,885 (21,591) (53,242) |
43,586 63,280 |
43,586 91,874 43,885 (21,591) (53,242) |
||
| Net assets | (2,354) | 106,886 | 104,512 |